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CEO blog- Shareholder Question: Form D

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camelion Member Profile camelion Member Level 
Tuesday, January 31, 2012 11:47:34 AM
Re: acc724 post# 3473 Post # of 3532 
CEO blog- Shareholder Question: Form D

http://winningbrandscorporation.com/blog/2012/01/31/shareholder-question-form-d/


ANSWER
Regulation D, Rule 504 permits qualified exempt issuers to raise $1 Million per year, or on average, approximately $83,000 per month. Our filing reports that Winning Brands has sought substantially LESS than the permitted amount in the last several months; only $48,433.33. This decline in the amount sought by Winning Brands through this mechanism, and its end, will continue by replacing same with other sources that are being developed currently. It is not possible to predict exactly how soon this will be completed, and the CEO Weblog post of January 24th post remains accurate. It is being worked on. I have no reason to believe that the company will not achieve the stated goal.


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