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This last exchange was over the top simply because I pointed some shareholders will take loses with WB with providing an example of one, while acknowledging some will be satisfied. Some either can't or don't want to tie their funds up too long, will take their loss and put their funds somewhere else while others are in it for a longer term. This is somewhat standard so why such confrontation.
For sure I will give Eric his due when appropriate, have said so several times. There's a few here that won't no matter what, but I remain the target of choice. Not sure how many times I have said he has good cleaning products, good user reviews, that he works very hard, seems to have some technical skills, knows his way around OTC. People come to him for consulting. However I do have negative criticism that is not appreciated. I am strong on some aspects that I believe is warranted.
I believe expenses have build up, Professional fees, there are no GT sales and everything is at a standstill until that Reg A gets off the ground. Now that it was amended, that share offering should attract subscribers. Not sure what affect it will have on the stock. In any case I don't see where the SEC has issued the notice of Qualification, and then after that you have to go through individual State process before you can accept funds. So its still a way's off, weeks to 1-2 months ?
My background would not be good for shareholders. I have no experience with operating a Public company and answering to shareholders. My background is that like Vincent with operating a private company. A lot to learn that I am not familiar with. Eric has plenty of intelligence. Just think he sells at times, more business dreams, than real practical business plans. Example is his perfume he has been launching for 15 - 20 years ?
For me this still goes back to my original concern, Will there be the proper financing to operate the businesses. Reg A is a step in the right direction. How much will that bring in and how long will it take. How much time does Eric have to stretch things out.
I do not understand why certain posters always blame satter for WNBD's shortcomings. Satter has always been a rational voice on this board and I'm sure he would give Eric his due if Eric comes through with his many promises. It feels like we are worse off now at this time than we were at this time last year. Eric doesn't even tweet that much anymore, and yet I thought things were only going to get better and that we were going to be on our way to the moon once the GestureTek acquisition was completed. And yet we're back to being Pink Sheet Limited, we haven't been getting updates on stain remover sales or GestureTek deals, and when Eric does tweet, it's all fluff now and no substance. What happened to the metaverse, what is going on with the digital signage and advertisements that Eric was promoting using patented GestureTek technology? Where are we at with the new office, and what's happening with the IR firm? Was his last tweet a distraction because he knows the third quarter is going to be pretty bad? Instead of attacking the people that raise questions surrounding Eric's leadership of WNBD, take a minute to think and realize that if Eric had delivered on just one-third of his promises, we would not be having this conversation today. Those of us posting here on iHub do not control the direction of the stock price or set the perception of the company. That lies solely on Eric's shoulders. That is his responsibility and he is the one that could change the perception and the direction of the stock if he would only deliver tangible results rather than fluff and more promises of great things that are supposedly coming in the future. I was ridiculed when I said I would rather have a person of satter's intelligence and background than Eric, but I stand by my point that we would be much better off with someone like satter instead of Eric. I really hope, for all of us shareholders, that Eric has something substantial to share in the quarterly report after that last tweet. I'm sure you all remember when Eric tweeted there would be a flurry of PRs after GestureTek was acquired, but those PRs have been few and far in between, yet many of you let Eric tweet falsehood after falsehood, and you are not willing to hold him accountable.
Ouch. My feelings are destroyed. I get it. Last report GT delivery Sept 9th. No reported wine order yet. Hopefully things will change. It was written with.
Everyone is entitled to their opinion. IMHO , I believe it should be clear my intent was to provide necesarry value in the context, with a documented example that investing in WB can either be rewarding or disappointing.
That works both ways as likely many lost money with him. So for some shareholders they are satisfied, for others they are disappointed. I think the question right now should be, after 18 months of announcing the acquisition, are you satisfied with the company and stock performance, or are you disappointed,? and or, are you seeing things being delivered according to all the build up that was presented, or do you feel let down right now.?
2/2 when they are convinced the CEO is working for them they buy many millions of shares. After a year and a half, he has lost 74% of his investment with no reason to hold. That investor sells because he finally realized the CEO is just another stinky pinky con-man! Disgusting!
when they are convinced the CEO is working for them they buy many millions of shares. After a year and a half, he has lost 74% of his investment with no reason to hold. That investor sells because he finally realized the CEO is just another stinky pinky con-man! Disgusting!
I mean, anything positive? He's diluted the original shell, then reverse split that, then diluted more. He took personal loans from shareholders on the side and never repaid many of them. He's utilized toxic financing over the years to achieve HIS goal of not having to work...He's now raised the AS AGAIN to dilute more, tried to buy the broken name of some bankrupt tech company, for which he plans to fund through offerings that will likely never come to fruition...
Ask yourself as an investor, for 20 years now, WHAT has Eric accomplished for shareholders? ZERO. Diddly SQUAT. Lost Value, incompetence, lost customers, lost product placement, lost team members, lost trust, lost faith.
You know I can't answer that!! If I could I'd be on my private island sipping the finest grapes!! Lol!! A big run is coming it's long overdue!! A couple of merger plays are running soon the market will follow!! Supply and demand!! Till then!!
Still here watching from a distance. Still waiting on my 10K - that shouldn't be a surprise to anybody.
I'm curious to find out who would accept the REG A shares outside of the Canouse brothers type of firms. I'm thinking it will be a big challenge for folks with regular accounts like Schwab to accept a deposit shares from an OTC company.
Glad to see you folks still holding Eric accountable! I'm thinking he's back to posting again...
I can't personally help you with your request, though there should many broker- dealer firms that can assist you.
It's nice to finally see you as it's been a long time. I often wondered if everything was OK on your end? with not seeing you. Hope so! Drop by more often!
Does anyone know of a brokerage house that will accept Reg A shares from a OTC company like WNBD? Has anyone on this board had any experience with REG A offering in pennyland? Just curious
First no reasonable person can be expected to understand what he wrote, not even a professional like an accountant.
That was my first comment I made on this. He might be referring to GT Heath Inc that he said will remain as its own entity. A private company can have shareholders that do not trade. He refers to some new "GestureTek minority investor group." Before he announce he had an "Action Team"
So I was always wondering about GT Health Inc and now he says it will remain as is, plus he will have a new entity subsidiary as well, meaning he should be opening up a new Corporation independent of GT Health Inc and Winning Brands Inc. And this is to avoid the debt issue I kept bringing up regarding GT Health Inc.
Well good luck with that but GT Health is still going to have debt, expenses and what is he going to do if that entity can't pay them. He implies this:
GTH minority stakeholders and/or creditors will for the most part be accommodated through negotiated equity arrangements in the new subsidiary instead
That he is going to give equity away from his new subsidiary. Like creditors will just jump at that with open arms because its the greatest thing slice bread.
This is complicated what he is suggesting trying to fix one problem with possibly creating a new one. Before he said he was going to finance through private placement now this. He is not figure this out with any business professional like he should.
I believe there are no sales/contracts because of financial problems and that he is waiting for his Regulation A offering to bear out except he can't be straight on that either as I pointed out. Even when he gets the SEC Notice of Qualification, he then has to go the State where he is offering and each Sate has their own process. Some are quick while others take more time.
As far as the trade shows, office, would not surprise me if the trade shows were cancelled and office put on hold for now. And if the Oct trade show was cancelled then you won't see updates on that of course.
Eric is best on selling the future on what he does not have, on what he would like to have. Good on convincing folks and good on avoiding important current issues where real honest answers might be difficult to answer without raising flags.
With GT Health Inc operating and GT subsidiary operating both at the same time under his umbrella, are we ever going to know real numbers. GT Health Inc a private entity won't be releasing financials I assume, and this leaves the door open to play around to shuffle things between the two. Not saying it will, saying it can, and how would anyone know.
Everything rides on Reg A raising much capital and can only assume this why he dumped the price to 000.3. If he is really hurting for money than it does or can affect his WB cleaning products as well as then he has to scramble for funding to supply orders there.
He stuck his foot into one huge financial undertaking that was the concern I had with the GT acquisition. Again time will tell. There should be subscribers to his 000.3 offering, what will that do to the market share price if anything?
$WNBD Hello Matt. GestureTek will not have a ticker symbol. A Reg A offering does not need one. WNBD will be the majority owner of the subsidiary, benefiting from its cash. The future revenue of GestureTek will become consolidated into WNBD financials via that new subsidiary. https://t.co/ik6DJTAk71
$WNBD No problem Matt. The bottom line is that GestureTek's future capital needs will be funded by GestureTek minority shareholders, not by Winning Brands shareholders, despite the subsidiary being majority owned by Winning Brands. This is a tremendous arrangement for WNBD. https://t.co/pXZfzHbyoF
Eric says GestureTek will not have a ticker symbol, but he also says GestureTek will have minority shareholders. How can this be? How can there be shareholders if there is no ticker symbol, and no stock in play? Warren Buffet has Dairy Queen as a subsidiary. Does Dairy Queen have shareholders and if so, how do they profit? Is the situation the same here? I simply do not understand how GestureTek shareholders are going to profit when GestureTek is going to be a private subsidiary of WNBD.
Why can't Eric just shoot straight with us? Why must he make everything so complicated and hard to follow? Better yet, just give us tweets with sales and contracts. How long are we going to go without GestureTek sales? Everything is finally done now, if Eric is to believed. Where are the sales and contracts? Why is it so quiet now, when WNBD has supposedly never had more going for it? Why no more updates on stain remover sales? He used to talk about those too, but now it's all about what's to come in the future, not what's happening in the present. No updates on the office. No updates on the October trade show they were to attend. What happened with that? What happened with the Vegas conference over the summer? Did we get zero results from that? What about the other conference Vincent attended over the summer as well? No tangible results. WNBD is attending another trade show in November. Will we get absolutely nothing out of that as well?
It seems like everything has come to a halt. 2nd Quarter was bad with sales down. It seems like 3rd Quarter will be even worse. Meanwhile, Eric keeps talking about this pie in the sky future that seems further and further off. When will Eric realize you can't grow a company or increase the stock price by posting fluff on Twitter that attracts a handful of likes?
You probably made the right decision. He's full of .... this thing keep dragging on. Maybe next year, or the next two year, or whatever. All the business ventures he touched before has no sign of significance. He hyped a lot and the results have been disappointed. And this Game Changer he's dealing with hasn't shown much activity. Does he know what he's doing? Every time people asking the performance of the stock price he has no answers except blah, blah, blah....hey, it improved compared to 0.0001 and 0.0002 and he's proud of it. He's a good salesman with his words, but sooner or later people will figure him out...in fact many have ignored him.
The existing Winning Brands Regulation A+, which as already been approved by the SEC
Why should anyone consider this financing announcement as credible, reliable, when it contains a major untruth. It's unproven projection that he wants people to put their trust into, yet he states the Reg A was already approved by the SEC.- False.
All you have to do is go online and see there no Notice of Qualification was issued yet, besides the SEC does not even approve offerings per say.
Capital infusion to be made by some new GestureTek minority investor group? Sure, Canouse brothers? Why doesn't this new secret group infuse some capital now so they can get those 18 backorders made and out the door.
This is no announcement of financing agreements reached with real meaningful details, just forward wishful leaning statements that may or may not happen.
But why did have to Bs that the Reg A is set to go with the SEC blessing. Maybe he thought no one would notice. If he has no problem saying that, what else can he be saying to hype/juice up this so called huge financing news.
And to be clear I welcome real huge financing news and would really like to see/hear it.
$WNBD - Huge Gesturetek financing news: NOV 10, 2022 Winning Brands Financing Discussion By Eric Lehner in Uncategorized
Winning Brands recently announced completion of its GestureTek acquisition. That news release link is below. In the news release, a preview of the path forward in financing was given. Further context is provided below. The following explanation will help Winning Brands shareholders and creditors see how GestureTek will assist WNBD stakeholders to build a valuable Winning Brands parent company, and how Winning Brands (the parent company) in turn is setting the stage for future GestureTek subsidiary customers and investors to thrive.
Pertinent Section: “As a result of this transaction, all previous GestureTek intellectual property and asset ownership held by others in these proceedings is now vested with Winning Brands instead. Winning Brands will be creating a new GestureTek corporate entity for all future commercialization of GestureTek and will utilize a minority portion of that new entity for the purpose of future GestureTek financing, rather than relying on Winning Brands common stock dilution. Therefore, future Winning Brands stock issuances can be utilized to accelerate the retirement of debt faster than would otherwise have been possible. The new GestureTek subsidiary will have a valuation that is significantly higher than Winning Brands’ present market cap. This arises from many factors, including specific existing GestureTek patent rights and goodwill factors that follow from years of tech industry leadership. This will make it possible to raise significant GestureTek growth capital with only modest equity encroachment into the subsidiary, rather than utilizing WNBD common shares for that purpose. The new GestureTek equity investor positions will not enter the OTC market system for the foreseeable future. This approach will benefit current and future WNBD shareholders greatly.”
CONTEXT AND SIGNIFICANCE
GestureTek corporate valuation characteristics can best be understood by not combining them with Winning Brands valuation characteristics. This is because GestureTek’s history, value metrics, customer base, intellectual property elements, industry dynamic and future growth drivers are distinct from the factors that apply to Winning Brands.
A unique valuation basis exists for GestureTek. This is especially so because GestureTek was paid for the purchase of some of its assets in 2011 in an arms-length divestiture transaction, by one of the world’s foremost technology companies. That transaction can be evaluated today and adjusted appropriately in order to be made relevant for today. This is done by taking various factors into account and applying a Present Value to the remaining (substantial) GestureTek portfolio. A link to the news release describing that earlier transaction is provided below.
The benefit to Winning Brands shareholders of that 2011 valuation event is that today’s new GestureTek subsidiary, being created now, can be valued for financing purposes with an independent historical reference basis, rather than a subjective and speculative reference basis that has no precedent. The exceptionally high quality of the transaction partner who issued the news release shown above adds credence to the professionalism of the valuation factors that were applied at the time. This is enormously helpful.
A new GestureTek subsidiary can now be created because the court approval for Winning Brands’ acquisition became formal and final in October 2022 with the issuance of the Receiver’s Certificate. The new GestureTek subsidiary will, on the basis of an inevitably substantial valuation, be accepting a large dollar value minority investor infusion in order to stimulate GestureTek’s revitalization and growth. A portion of this infusion will flow through to Winning Brands as advance royalty payments under licensing from Winning Brands, as well as reimbursement to Winning Brands of certain early costs incurred, and will ultimately include profit sharing pari passu with other GestureTek stakeholders. This flow through will benefit Winning Brands creditors and shareholders, both.
The capital infusion to be made by the new GestureTek minority investor group will be received by means of a new Regulation A+ Tier II offering that is specific to the GestureTek subsidiary. Liquidity for GestureTek Regulation A+ subscribers, who will be members of the public solicited by means of a professional online offering sales platform, and social media advertising, will not occur through the OTC Markets setting for the foreseeable future. This is a key benefit and accomplishment for Winning Brands shareholders.
This means that GestureTek will be permitted to raise millions of dollars of operating capital (not debt) without encroaching on the majority holding interests of Winning Brands, and without causing dilution of Winning Brands common stock for GestureTek’s future growth needs.
The potential dollar value of GestureTek operating funds to be raised in this manner is significant, yet will not interfere with trading of Winning Brands common stock. The GestureTek stock will not appear in OTC marketplace following issuance. Understanding this point is at the heart of understanding the acumen of this approach for Winning Brands stakeholder interests.
There are several reasons that a new GestureTek subsidiary is being created, rather than utilizing GestureTek Health (which is an existing related entity) to be Winning Brands’ commercialization vehicle going forward. The first is that the new subsidiary will not hold GestureTek Health legacy debt. GTH minority stakeholders and/or creditors will for the most part be accommodated through negotiated equity arrangements in the new subsidiary instead. Also, the new subsidiary will be audited. There are other technical and legal advantages of the commercialization subsidiary being new.
The new, dedicated, GestureTek Regulation A+ will be coordinated by top experts in the field who have an impressive track record of multi-million online offerings to the public. Further details will be revealed as arrangements advance, as soon as possible.
The existing Winning Brands Regulation A+, which as already been approved by the SEC, will enable Winning Brands to reduce its debt. Winning Brands is committed to addressing and satisfying its creditor arrangements, including investment lenders and commercial lenders. The cooperation of such creditors is immensely appreciated and is a contribution to the aforementioned plans that are so beneficial to WNBD shareholder interests.
There is no obligation by Winning Brands to issue the maximum number of shares allowed under the existing Regulation A+. Furthermore, the pricing of the Regulation A+ offering may be amended through a revised SEC filing. Therefore, a stronger WNBD share price will be possible as the reality of GestureTek’s implementation takes hold and is understood. Cooperation between WNBD stakeholders in all financing matters will yield optimal results. WNBD management is grateful for such cooperation.
SUMMARY
Prior to the acquisition of GestureTek, WNBD relied on its legacy operation in the field of environmental consumer products to drive value. Despite its excellent products in that category, WNBD management pursued a method to dramatically increase the slope of its possible growth in value by embracing entirely new value drivers.
Winning Brands’ VISION 21 set out a bold plan of creating a tech division as the central feature of that strategy. Now, Winning Brands has delivered the key declared objective; a court verified and approved acquisition of a fine, respected and relevant tech portfolio.
This was accomplished by in effect rescuing GestureTek assets, rights and legacy elements from receivership circumstances that were commercially unnecessary. The circumstances did not accurately reflect the business value potential of the GestureTek brand when operating with adequate funding. The consequence is an exciting new phase of potential growth for WNBD.
Winning Brands is respecting its pledge to retire outstanding Winning Brands creditor interests by this plan, while at the same time demonstrating that dilution of Winning Brands common stock has a new premise. Rather than being a method to obtain working capital it will become a method to improve the balance sheet, instead.
In addition to these benefits for Winning Brands shareholders, GestureTek customers, staff and future investors will benefit too. The substantial new cash resources that the GestureTek Regulation A+ will bring by means of its new Tier II offering, will foster renewed excellence in GestureTek operations and reputation.
More information will be supplied as soon as possible regarding the foregoing, and more shareholder questions will be answered.
First no reasonable person can be expected to understand what he wrote, not even a professional like an accountant.
“The existing Winning Brands Regulation A+, which as already been approved by the SEC”
For me this is False. The SEC does not approve offerings. They will issue a statement that it has been Qualified ( “QUALIF” ) This is not an approval of the offering. I see no notation on the filing that it was Qualified. Please read the following Urls
Regulation A. Regulation A is another exemption from registration. Under the exemption, a company must file an offering statement on Form 1-A on EDGAR. The SEC staff may review Forms 1-A for compliance with disclosure obligations. Only when the staff has qualified the offering statement may the company accept payment for the securities offered. However, the filing itself does not mean the offering has been qualified by, or registered with, the SEC. Qualification does NOT mean the SEC has approved the offering.
How to determine qualification. You can review the filings made by a company on the SEC’s EDGAR database. Please review our guide on how to use EDGAR. A filing with the form type “QUALIF” indicates a notice of qualification has been issued with respect to the related Regulation A offering statement.
SEC Qualification Under Regulation A / Title IV / Tier 2 companies must go through a process at the SEC called qualification before they can sell their offering to the public.
The SEC has set forth a minimum set of information that a filing company (like iConsumer Corp.) must submit as part of their offering. This includes, but is not limited to, things like audited financial statements, and information about key owners and employees.
This process is less expensive and less difficult than the process companies go through when filing for a Traditional IPO.
After the SEC has determined that it is satisfied with the completeness of the materials submitted to it, it will issue a statement that the offering is “Qualified”. This is NOT an approval of the offering, or an assessment of the risks associated with the offering. This simply means that the company filing for qualification has met all of the SEC’s requirements with regards to publicly traded companies.
The process is new. For a typical offering, we expect the process from initial filing to qualification may take 60 – 90 days. But the SEC makes no representations as to the exact length of time this may take.
Follow on (secondary) offerings follow the same rules.
Ouch but then I always watch in some bewilderment at what I see as premature comments and say to myself they are likely setting themselves up for letdown, and then for someone to come rub it in, & that would be you, lol
I understand getting excited when the stock gets hits, starts to tick up, but why is it happening? Did not seem to be any real reason & these things do happen but at the same time they are rarely sustainable. Why not wait a bit before opening up the champagne celebration.
10’s up! No dilution since March and much healthier financing moving forward according to the CEO.
Come out, Come out wherever you are!! Is this the break above .001 everyone said was happening? Is this the lift-off? This crap blew up before it even got in the air. Losing Brands Corp really moving now, LOL 0.0008 -0.0002 (-20.00%)
Covid Tests thru Ownership of HADV (Health Advance Inc) ($WNBD HADV's COVID kit test marketing has achieved approximately $60K gross in the past month, by means of outsourced sales operation to third party)
NEW Tecnology Aquisition
Winning Brands' cleaning products can be found online at Amazon, Walmart, Home Depot, Lowe's, Do It Best Hardware, and other retail locations across the globe.
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