Friday, February 26, 2010 7:03:41 AM
I sent Eric an email asking why callers were asked how many shares they owned... below is his response.
Eric Lehner to me, Paul
show details 9:29 PM (9 hours ago)
Hello Lisa,
Thank you for your participation in the conference call.
· The reason that our conference call operators ask the question about the caller’s shareholding is so that Winning Brands can learn what proportion of our shareholders is being served by our conference calls. The company encourages as high a proportion of the float as possible to be represented, so that Winning Brands shareholders understand the firm, its goals, its methods and policies. This information may also be of interest to the shareholders in general.
· I am pleased to report that over 500 Million shares were represented by the 144 participants, thus representing more than a 1/3rd of the entire O/S. The current common shareholders stand to benefit greatly from improving fundamentals at Winning Brands, because much of the firm is held by a relatively small group of well informed investors who appear to understand the business model and are accurately assessing the company’s progress toward its goals.
· By determining the average shareholding size represented, the company can also determine how much benefit will be derived by shareholders with typical holdings from gains in the stock when they occur.
This information above is not confidential, and does not violate any privacy issues, and thus can be shared with the forum.
Eric Lehner, CEO
WinningBrands.com
Every time you wake up and ask yourself, "What good things am I going to do today?," remember that when the sun goes down at sunset, it takes a part of your life with it." --Indian proverb
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