We can talk all day about how Wayne Root and his umbrella of companies are scamdicappers. That point has been brought up many times before and I'm not going going to beat the point into the ground again. What I do know for a certainty is how close Wayne Root has been on two occasions to locking up his doors and ceasing his sports service operation. What Wayne does each year is find a sucker to invest one to three million dollars in his company. He trolls for these whales through his contacts in the casino industry and leads that come into his five companies. If someone is huge and Wayne can arrange a one on one meeting he tries to put the wheels in motion and get them to invest as much as possible, in as short a period of time without that person consulting legal representation. Anyone with a basic understanding in economics and math can figure out that when you invest you have no chance of seeing your principle or any profits once Wayne Root deposits your money and the money clears from your bank. If you look at the SEC fillings each year and know how this operation works, the only person who wins is Wayne Root. He takes the investor's money and uses it to buy radio and T.V. time time from September thru March. His 45-50 salesman bring in about 2.5 to 3 million each year. With a salary of $600,000.00 for himself and $300,000.00 to $400,000.00 for his vice president and top manager they usually have expenses in the range of 3.5 to 4 million. They generally lose 900K to 1 million each year. If Wayne and his top two executives were to forgo a salary they would about break even but that hasn't and will never happen. When the wheel runs dry and Wayne doesn't find that big whale or whales one year and it will happen in the very near future Wayne Root will shut down his sports service operations. It's going to happen sooner than your think.
Anyone can project any amount they want but the guy hasn't ever brought in half of 10 million. I was approached by him once and after listening to his song and dance, his paying the dinner bill and me looking over the financials with my financial advisor, I felt it wasn't in my best interest to go forward. To quote my financial advisor, "This company is a deck of cards just waiting to crumble".
I hope he stays around just for the laughs on the radio and TV shows. I love watching some of these scamdicappers and hear terms like "lock" and "game of the year" EVERY WEEK. Where's Tony Rickaus when you need him! Plus, most important of all a lot of people made a ton of cash FADING people like Tony last football season! LMAO!!!
A few years ago or so I called Wayne Root's free pick phone once in a while. I remember one year in November it happened to be Election Day and he said something like 'I want to remind everyone to vote today...and the great thing about today is you can vote and make money with my information all in the same day...' I think if Wayne Root ever got in office, there would be scandals worse than Enron happening there.
GWIN, Inc. Announces the second profitable operating income quarter in the Company’s brief history
LAS VEGAS-(BUSINESS WIRE)-June 16, 2003--GWIN, Inc. (OTCBB: GWINI) announced today its third quarter results – the second profitable operating income quarter in the Company’s brief history. For the Nine Month period ending April 30, 2003 revenues increased 26% to $5,733,450 compared to $4,530,058 for the same period in 2002, and operating income improved 45%, from an operating loss of ($3,649,615) in 2002 to ($1,922,066) for the same period in 2003. The net loss for the nine month period ending April 30, 2003 is ($6,154,180) or ($0.26) per basic and diluted share. These improved results for the nine months were achieved despite a decrease in third quarter revenues of $1,263,333 from $1,685,338 and operating income of $16,930 compared to $51,897 for the comparable period in 2002. EBITDA was $115,000 for the quarter. The net loss for the three month period was ($2,505,860) or ($0.10) per basic and diluted share for the three-month period ending April 30, 2003.
GWIN, Inc. Chairman and CEO Wayne Allyn Root explained, "I'm extremely pleased to announce the second profitable Quarter in GWIN history. It is especially important to note is that this operating profit was achieved despite the series of unusually difficult, one time events, that negatively affected the economy in general and our industry in particular. Consider that this past quarter was filled with significant and historical distractions - including terrorist threats to our Homeland, the commencement of a war in Iraq, nonstop media coverage of the war competing with sports on TV, and a terrible economy. Given the fact that February and March are traditionally two of our most crucial revenue months, and this year they were filled with threats and images of war, I am thrilled at GWIN's results. Even though our quarterly numbers are down from a year ago, considering that the Iraqi war occurred exactly in the middle of March Madness, we believe the Company performed better than, or at least equal to, the record-setting third quarter of a year ago, and that these operating results are a further indication of our success in continuing to build GWIN, Inc. into the global leader in sports handicapping information and advice."
About GWIN
GWIN Inc. is America's only publicly traded sports handicapping company. GWIN specializes in developing and marketing sports handicapping advice and information via television (The Winning EDGE(TM)), radio, and the Internet (www.WinningEDGE.com).
LAS VEGAS-(BUSINESS WIRE)-June 16, 2003--GWIN, Inc. (OTCBB: GWINI) announced today its third quarter results – the second profitable operating income quarter in the Company’s brief history. For the Nine Month period ending April 30, 2003 revenues increased 26% to $5,733,450 compared to $4,530,058 for the same period in 2002, and operating income improved 45%, from an operating loss of ($3,649,615) in 2002 to ($1,922,066) for the same period in 2003. The net loss for the nine month period ending April 30, 2003 is ($6,154,180) or ($0.26) per basic and diluted share. These improved results for the nine months were achieved despite a decrease in third quarter revenues of $1,263,333 from $1,685,338 and operating income of $16,930 compared to $51,897 for the comparable period in 2002. EBITDA was $115,000 for the quarter. The net loss for the three month period was ($2,505,860) or ($0.10) per basic and diluted share for the three-month period ending April 30, 2003.
GWIN, Inc. Chairman and CEO Wayne Allyn Root explained, "I'm extremely pleased to announce the second profitable Quarter in GWIN history. It is especially important to note is that this operating profit was achieved despite the series of unusually difficult, one time events, that negatively affected the economy in general and our industry in particular. Consider that this past quarter was filled with significant and historical distractions - including terrorist threats to our Homeland, the commencement of a war in Iraq, nonstop media coverage of the war competing with sports on TV, and a terrible economy. Given the fact that February and March are traditionally two of our most crucial revenue months, and this year they were filled with threats and images of war, I am thrilled at GWIN's results. Even though our quarterly numbers are down from a year ago, considering that the Iraqi war occurred exactly in the middle of March Madness, we believe the Company performed better than, or at least equal to, the record-setting third quarter of a year ago, and that these operating results are a further indication of our success in continuing to build GWIN, Inc. into the global leader in sports handicapping information and advice."
About GWIN
GWIN Inc. is America's only publicly traded sports handicapping company. GWIN specializes in developing and marketing sports handicapping advice and information via television (The Winning EDGE(TM)), radio, and the Internet (www.WinningEDGE.com).
BigEbetz- Not a bad quarter indeed for sales. Did you also notice how many million dollars they continue to lose. Even with him taking that big salary they are still in the red. Look at the first two years they filled with the S.E.C. What do you think of this company now? Seems like no matter how much he spends on advertising, be it one million or 5 million, his salesman still can't turn a profitfor Wayne.
My best Wayne Root story was this past Superbowl. As most people probably know, Root actually went on CNN right before the Super Bowl and predicted a big Raiders victory. I guess he was really taking a shot-imagine the business he would have gotten had they won.
Anyway, as most Root picks the Raiders got smoked. So about 2 weeks later I get a call from a guy who identifies himself as working for "the best handicapper in the biz" Wayne Root. I figured I would bust his balls a little and start screaming at him that because of his boss's bad pick on the Super Bowl on TV I had lost my house and was basically ruined. LOL
The guys answer to me?? "Well hell buddy what do you expect from a free pick???" LMAO
He was apologetic though and even offered me a week of baskets at half price. What a guy and what a company!
Anyway, as most Root picks the Raiders got smoked. So about 2 weeks later I get a call from a guy who identifies himself as working for "the best handicapper in the biz" Wayne Root. I figured I would bust his balls a little and start screaming at him that because of his boss's bad pick on the Super Bowl on TV I had lost my house and was basically ruined. LOL
The guys answer to me?? "Well hell buddy what do you expect from a free pick???" LMAO
He was apologetic though and even offered me a week of baskets at half price. What a guy and what a company!
I found out more this afternoon about Wayne Root the thief. Not only does he take a $600,000.00 salary, he has two other avenues within his company in which to feed his ego and bankroll. When he finds a sucker to invest 1M or above he takes a 20% finders fee. If he finds two chumps to pony up 3M that's $600,000.oo more for Wayne Root's hair club for men. He also owns the production company that produces the T.V. informertials we see every Saturday morning and radio infomertials which we hear every Friday night and Saturday mornings on selected stations around the country. If his production company which is independent of his company charges 10K to 15K a week to produce that garbage that's another 200K for Wayne. Do you think he tells his investors about all the hidden side deals and many others that put over 1.5M in his pocket yearly and he can't pick a game to save his life? I hope he enters the Stardust Contest again this season. His 1-6 showing summed up how his season of picking went. Then he comes on T.V., radio and the internet and offered to publish his picks for the public to make up for what he called an aberation. He went 1-6 again. Suffice to say he never brought up his 2-12 showing again. I will fill you in periodically as to what our friendly thief is up to next.
maybe you should send this to his PR department with a list of questions for an official answer re his "side" deal- his compnay has over $17 million in debt since he rolled into this Bull SH-- public shill- Someone told me that all dogs will have there day-
Root's got some BIGTIME investment bankers on board now to sell this scam of a compnay- why would they even represent him or a deal withthese warts on it???
Root's got some BIGTIME investment bankers on board now to sell this scam of a compnay- why would they even represent him or a deal withthese warts on it???
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Root's got some BIGTIME investment bankers on board now to sell this scam of a compnay- why would they even represent him or a deal withthese warts on it??? <HR></BLOCKQUOTE>
Why would they pump up shit stocks like Enron and Worldcom to little old ladies knowing they would be worthless? Because the only reason anyone would want to go into the stock market business is because they're a slimy crook.
Why would they pump up shit stocks like Enron and Worldcom to little old ladies knowing they would be worthless? Because the only reason anyone would want to go into the stock market business is because they're a slimy crook.
