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Home > Boards > US OTC > Retail - Wholesale Distributors > Winning Brands Corporation (WNBD)

. color=#006400*** Confirmation of Current OS ***

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Soapy Bubbles Member Profile
 
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Soapy Bubbles   Saturday, 01/26/08 02:27:29 PM
Re: None
Post # of 215532 
.<font color=#006400>*** Confirmation of Current OS ***

Dear Mr. …………….,



Thank you for the opportunity to answer your questions noted below.



I hereby certify that at the time of this response on January 26, 2008, the outstanding common share count for WNBD is unchanged from the number posted in the FAQ section of the Investor Page at www.WinningBrands.ca , namely, 746,581,725. While this number is expected to grow over time, Winning Brands continues to show prudence and responsibility in the process and recognizes the importance of retaining a net valuation potential that is sensible vis a vis the price per share. If / when in the future the company becomes fully self sustaining, then it has available to it the mechanism of repurchasing shares through proper channels as a means to gradually reduce the float again. The legitimate source of such repurchases are future profits, not current financing.



As to the question of the restricted shares portion of this, at least 150 Million shares, the earliest certificates are dated January 30, 2006. However WNBD did not commence trading until April 2006. Therefore it is our policy, in order to be conservative, to view the expiration of the restrictive legend to coincide with the commencement of trading, not with the issuance date. As a practical matter, the majority of restricted shares are held by senior management who have no interest in selling them, myself included.



This information can be shared with the moderators of the investor forums that you refer to.



Sincerely,

Eric Lehner, CEO

Winning Brands Corporation

www.WinningBrands.ca

Trading Symbol: WNBD





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