Winning Brands Corporation (WNBD)

[Dennisb68]

"Winning Brands has been systematically reducing its operating losses for several years."

It has been systematically reducing it's cost by reducing it's sales, completely getting rid of it's entire sales team, and no promotion of the products. In fact, if they completely closed their doors for good they could cut cost 100%.
There is NO reason to believe sales will increase in 2017 with all the huge retailers it has lost in the last year or so. There are NO profit sharing partnerships at this time and we don't know if there will be one in the future. Eric has been looking for someone to partner with for years and the only company he found to partner with, BlauAire, pulled the plug on the deal after a few months. Another company he tried to partner with was USBI but after taking a good look at Winning Brands and Eric the pres. of USBI said, on this board, that there is no way he would partner with Eric because of the way he screwed his shareholders in the past.
I believe after 11 years Eric realizes that he's not going to make it selling cleaning products that he buys from a company in Michigan and then tries to resell them to retailers. By the time the company that makes, bottles, labels and ships the product, and the retailer gets their cut there is very little left for Winning Brands.
IMO Eric found it much more profitable to take on toxic funding that is then converted in to diluted shares than it is to sell cleaning products. Why else would you get rid of your sales team when sales were around $500K a year to where they are now, closer to $100K a year.