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Not sure if this link works the way I'm posting it, but IDCN in on the non-DTC-eligible list.
https://www.zecco.com/forms/known-non-dtc-eligible-list/downloadform.aspx?utm_campaign=20110819%20PennyA&utm_medium=email&utm_source=Eloqua&elq=d61459b835df405a97b68c5f16a9053d&elqCampaignId=91
Maybe not, but depending on who your broker clears through it could be very expensive to sell them given the fact IDCN is non- DTC-eligible
Policy Changes Impacting “Penny Stock” Trading
Dear xxxx,
Penson Financial Services, Zecco Trading’s clearing firm, has recently implemented two new policies which impact Zecco customers who trade low priced equities (stocks priced under $1.00 per share, commonly called “Penny Stocks”). These policy changes were necessary due to the significant risks, costs and increasingly burdensome regulatory requirements related to trading these equities.
Briefly, these policies relate to:
Settlement fees for non-DTC-eligible equities
Potential “buy-in” of low priced equity transactions based on NSCC requirements
These new policies impact the customers of all brokers clearing through Penson Financial, including Zecco Trading. Included below is a brief outline of these policies. Please read our Low Priced Equities Disclosures to thoroughly familiarize yourself with all the aspects and implications of the policies.
Settlement Fees for Non-DTC-Eligible Equities
The Depository Trust & Clearing Corporation (DTC) provides electronic clearing and settlement for equities, bonds and other securities. The vast majority of equities traded by Zecco Trading customers are DTC-eligible. However, certain low priced equities are not DTC-eligible or have had their eligibility revoked. The DTC eligibility of any given equity can change over time.
Settlement of non-DTC-eligible requires physical processing, which can result in significant execution, deposit, transfer agent and other fees. The fees generated by the settlement of these physical positions are passed through by our clearing firm, Penson Financial, directly to our customers - neither Zecco Trading nor Penson mark up these fees.
Customers who trade non-DTC-eligible securities are responsible for these fees, which can be as high as $700.00 per trade. Orders that require executions with multiple contra-parties will result in settlement fees for each separate transaction. These charges may not be immediately charged to your account following a trade, as Penson may receive notice of such fees as much as three weeks later. Zecco Trading reserves the right to withhold funds in a customer’s account pending potential assessment of fees.
It is your responsibility to investigate the eligibility status of a low-priced equity before trading it. You may consult the Known Non-DTC Eligible List in our Disclosures Page or contact the specific company whose equity in which you intend to trade to confirm eligibility. Please note that there is no guarantee that the Known Non-DTC Eligible List will contain a complete and updated list of non-DTC-eligible stocks.
Potential Buy-In of Low Priced
Equity Transactions Based on NSCC Requirements
The National Securities Clearing Corporation (NSCC) provides a guarantee of completion for certain transactions for broker-to-broker trades. The NSCC imposes additional deposit requirements on Penson based on the sell volume of low priced equities, in order to limit settlement risk.
When a customer sells more than 25% of the average daily trading volume (ADV) of a single equity in a three-day settlement period, that security may be “bought-in” by Penson up to three business days later without notice. A group of unrelated customers collectively trading more than 25% of a security’s ADV across all brokerages clearing through Penson can also trigger this policy. The ADV is calculated over the last rolling 20 business days.
Although this occurrence is rare, customers selling low priced equities must be aware of the risk a buy-in would occur without notice.
Low Price Equity FAQs
We apologize for any inconvenience due to these industry-related changes. If you have additional questions, please do not hesitate to contact us at 877-700-STOCK (7862) and a representative will be happy to assist you.
Sincerely,
Thomas Boykin
Manager, Trading and Risk Operations
Zecco Trading, Inc.
Outta here for the day peeps, hold the fort down. Everyone have a great weekend.
I only saw a few post about that part of the subject matter, so I must have missed the screaming. Although all shareholders here realize capital funding is ongoing at the current time, there was no reason for Eric to mention it in the blog. The blog simply stated part of the attraction from GSA towards WNBD was the fact they carry no re-payable bank debt on their books. Nothing great, certainly nothing bad, but it seems we are moving closer and closer to achieving the huge goal of becoming list by GSA, and that's the great news!!!!
So, out of this important part of the blog, and the reason for the blog, the only thing to comment on is "we don't owe the bank money" lol. It's important to keep that statement in context.
Puppy, access to capital funding is the reason every single company listed on any exchange goes public, and that shouldn't come as a suprise to anyone. The goal of all these legitimate companies is to use the capital raised from shareholders to bring the company to a cash positive position, through company growth. If this goal is achieved early speculative shareholders will be rewarded greatly, or for more safty oriented shareholders that wait for this goal to be accomplished will pay a higher price for smaller rewards. Although it's still a gamble, I like my odds here!!!
Too funny huh.... Sorry sarg, I wasn't able to carry the radio and my water cooler back-pack, and it sure gets hot out here. Maybe we can reflect the sunlight off of these solar panels at the next chopper that flies by and they will rescue us.
Sure sounds like Chin is sittin on another gold mine lol.
well, what a trillion or two amongst friends lol.
To give you an idea of the size of the US government, and the amont of money they spend:
Total US income: 2,170,000,000,000
US Federal Budget: 3,820,000,000,000
It may or may not lead to any account/contract per se, but to have your product available to all US govt. and state agencies is huge. No way to predict numbers on something like this, but if they were to get an account for almost any of the US govt. agencies it would dwarf most any other type of account WNBD could ever receive.
No, registration with the sec has nothing to do with the share price. The uplisting he refered too in the blog would be an uplisting to a higher exchange which requires a minimum share price for listing. That certainly won't happen anytime in the near future if it ever happens at all. There are a lot of successful companies with revs in excess of 100 million trading on the otcbb.
WNBD is dtc listed, and there are other clearing firms besides penson. It simply boils down to WNBD becoming fully reporting so there won't be any issues with penson or any other clearing firm.
Aug 10 Blog
Shareholder Question: Lancaster
Uncategorizedby Eric Lehner
.QUESTION:
Would you please comment on the letter dated August 1, 2011 from Lancaster sent out to their suppliers? Did they purchase any product from you during their time of restructuring? Have you been in contact with a sales representative from them recently? Is WB glad to be associated with Centre Lane Partners, their Board members are quite diversified. A little digging came up with DP Foods, LLC, serves landscapers and garden centers in many US states including Maine.
ANSWER
Winning Brands continues to be pleased with its association with Lancaster distributors. Yes, Lancaster has continued to purchase and pay for Winning Colours during their transition, but they had not taken new sales initiatives while they were sorting out their internal priorities. Very recently, there has been a ramping-up of our collaboration with new personnel that is now in place on their end.
The first order of business is to bring Lancaster into the conversion process of Winning Colours to 1000+ Stain Remover in their account base. Suitable information along these lines has been prepared and approved. Shipment of the new 1000+ Stain Remover labelled product to Lancaster distribution centres starts now. They will sell the remaining Winning Colours inventory that they have on hand and simply replenish their inventory with 1000+ henceforth.
As a result of the new ownership that you refer to in your question, and their financial resources, Lancaster will be re-energized. Importantly, Winning Brands has remained a participating vendor through the entire process and is emerging with a better than ever relationship with that fine organization. Problems ocur in life – it’s how we deal with them that determines character.
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There are several versions of that document out there, it seems many have been doctored to fit certain criteria. Which one is authentic? Either way WNBD looks to be fine heading into the future.
This has been going along for quite some time, and I haven't heard of anyone experiencing problems to date.
According to what the CEO stated in the conference call I guess we can't, but I'm sure most shareholders would be more than will to accept one for a listing on AMEX or NASD in the future, and he stated that would be the only reason for one to happen.
What he actually stated was many companies us it to artifically inflate the share price without putting in the necessary work to advance the company which would authenticaly warrant a higher share price, and the market cap would still remain the same post split. The right reason he mentioned was for the purpose of uplisting if that ever became an appropriate step for the company to take. So, if he remains true to his word then, if any split were to occur in the future it would be for the right reason.
That was pretty much my point tib lol. The man works like a mule...nose to the grindstone, and capable of extra long hours.
It seems everyone has to look for someone to blame for what they see as a bad decision. Since Eric is the man that's supposed to make things happen, he naturally becomes the target. I believe if you look at all that has transpired over the past couple of years from a business prespective it's easy to understand why it has been such a struggle to land the large accounts. I'm not making excuses for the slow growth periods, but i'm just explaining the causes. They actually have very little to do with Eric, the company, or the product, and much more to do with the dtruggling US economy, and enough DD and blogs have been posted to confirm it.
Ant has posted numerous research articles on this board that many people felt were off topic. He has posted DD on Walmart, Lowes, home Depot, and other large accounts Winning Brands has been working with. Many of those articles relate to internal management changes within these retailers. This becomes troublesome for new vendors seeking product placement when these events take place. I believe many of the struggles to attain shelf space is a result of the following situations.
In a weak economy most retailers become much more selective when it comes to granting shelf space for new products. National Buyers aren't willing to put their necks on the line by stocking shelves with products that may not move at a desired rate. This means the new vendors have to spend more time rubbing elbows and jumping through hoops to prove their worth to the national buyers and upper management. If the acceptance process takes too long it could create problems for the hopeful vendors, because most businesses are looking for ways to trim the fat during these hard times, and the possibility these retailers will shuffle the deck (make upper management changes) prior to the new vendors closing the deal becomes a much greater possibility. This doesn't necessairly mean you start from zero again, but it means a new player has entered the game that has to won over to our side. Ant has posted numerous articles related to management changes in these retailers, and Eric has blogged about this situation in the past as well. The answer to these struggles could be in hand right now in the name of Do-it-Best.
This account could potentially be the spring board to US product awareness from coast to coast. We have had some Do-it-best retailers carrying our product for quite some time now, and this boads well for others accepting it as well. If sales are satisfactory through this retail chain it will certainly break down the barrier for other large US retailers. The national buyers won't have the pressure of being the "first" large account to take on the new product. They will have sales data available to show the validity of stocking the product. Then it will put 1000+ in the catagory it deserves.
I'm not saying the economy will need to improve for the largest US retailers to stock the product, but I believe it's the root of problem for not being granted shelf space thus far. Once the product becomes known, and generates confidence from the national buyers it will be game on regardless of the economic situation.
I tend to agree, and the reason I'm here bud. The financials show where the money raised is being spent which is quite different from most other stocks in the pink sheet market.
The dilution that people speak of here on the board is a result of 504 funding. The way it happens is an accredited investor (defined by sec regulations) will give the comapany money, in exchanged for discounted shares. This investor is the one who sells the shares in the open market. Capital funding is done by every issue in the market at some point in time, thus the reason for going public with the company. This provides operating capital for the company until the time their revenues are sufficent to cover operating cost.
I'm quite sure it's a combination of capital funding and traders. The traders will always be in WNBD as well as all other stocks in the market, and actually add liquidity to the issues. The good news is that capital funding requirements will deminish for WNBD as revenues increase. Each of the latest developements gets us closer to the day when capital funding will end, and sales revenues will provide daily operational expenses.
The latest additions of all Walmart Ca. locations, Do it Best, Whirlpool Jet Boats (55 gallon drum orders) and soon to be on the check out line in Duane Reade NY locations. All these developements will lead us much closer to the goal of cash flow positive. Ultimately, the monthly increase in sales revenues will result in the monthly decrease in required dilution, which will eventually result in an increase in share price.
A complete silly assumption lol. You know a great deal of the operating expenses are fixed cost. They certainly won't rise with increased revenues, and more than likely will decrease when production operation orders become more consistant.
Please tell me you're not serious with this statement. If you are, then there is no need for further discussion on this topic with you. WNBD, as well as most new companies operate at a loss for a substantial period of time. That time depends on the type of business you are starting. If all businesses were profitable from the onset there would be no need to go public, no need for the Small Business Administration, or no need for small business loans. The fact is, the majority of start-up companies operate at a deficit untill they either hit the tipping point to profitability, or go bankrupt. The future will tell the story where WNBD is headed, but the current developements lead me to believe they are on the path to success.
There is no comparision between buying a house and operating a business.
Sure it was....140 million at a 40% discount puts a cool 10k in his pocket. Not bad for the couple of hours he's spent on the board right.
If you are catering toward the painting and construction industry it's the best way to market. I agree that many of the orders processed are potentially shareholders, but there are many users of the product who aren't shareholders, and have been ordering it from other online sources.
Retired from NASA myself, so don't bet on it lol.
Jul 22
Follow-up Question: Duane Reade, New York City
Uncategorizedby Eric Lehner
.QUESTION
Thanks for the update, but does it look like a delay, like until the end of the year? Sorry, but not sure how to understand that point.
ANSWER
It’s looking good for August. The exact day of the month is not known yet, and I would be safer not to speculate with a calendar day. It seems that things are clearing up now. We’re pretty excited around here because the account is a terrific platform for the 12-pack handy size bottles in checkout lanes. In-store demonstrations have been approved for this product. Custom branded brochures have been approved. Street side promotion has been approved. These will not all be deployed simultaneously, but a mutual commitment exists to fully leverage the reach and appeal to shoppers of the Duane Reade banner in New York with the strong product benefits for their consumers of 1000+ Stain Remover. New York City is by far the most densely populated city in the USA, and we will be within walking distance to most people in Manhattan. It will be a terrific moment when this comes together. Remember, New York is a financial capital as well. Many people in the investment industry will find it easy to see our product deployed – including in stores in the lobbies of their own office building.
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It's not gone ETMM has moved to .0017 therefore he won't show his lower bids.
My point being....That date could be the first week of August for all we know, or it could be in October lol. Eric simply didn't want to release a promise date when it's out of his hands. Just because he didn't want to release the date doesn't mean it's pushed back to a later date.
Yeah, and someone stated yesterday they were on the bid at .0016 and didn't get any shares, but it seems they are working hard today (turning positives into negatives) trying to get that order filled lol.
The blog was actually good to hear today. We know the product is already in the retailers warehouse awaiting placement, and today only confirms it's going to happen.
Lion, I think you are reading way too much into that blog lol. He basically stated that things are cleared up, and back on track. He also stated they gave him a time frame they expect the launch to begin. Eric has choosen not to make that date public in case the launch hasn't begun on that date. Pretty simple really, this date is not in his control, so no need for him to make a promise date to share holders when it's not in his control.
Yeah, I never like being first in line anyway lol.
Jul 22
Shareholder Question: Duane Reade, New York City
Uncategorizedby Eric Lehner
.QUESTION
….has there been a agreed upon launch date?
ANSWER
We received a written up-date today with reconfirmation of the chain’s intention to get the launch back on track. The chain also proposed the time frame that they estimate, now that things seem to be clearing up. I would prefer not to be specific about the date in this update both as a courtesy to the chain and to our own shareholders, until there is a very high level of confidence that the new date will be met. Regardless, it’s “all systems go” with the launch, to the best of our understanding, as per written confirmation, received today.
It's hard to say how many will begin offering 1000+ immediately, but we have been in some Do-It-Best locations for quite a long time. The fact we have been in those retailers for a considerable period of time, and the recent blog on how well the product is moving through the Do-It-Best retailer with the display rack will allow for historical data for new accounts if allowed to share this information. It will be an exciting time as we begin to see these new retailers taking inventory of 1000+ in the coming months.
You are correct, and for anyone to say the US govt facilities look for the cheapest products is living in a fantasy land lol. We aren't as bad as the days of the 400.00 dollar hammers, and the 1,000.00 dollar toilets, but we are still a far cry from buying cheap lol. Winning Colours 1000+ fits well within the price range of govt purchasers.
Is that what you learned about the way GSA operates while attending ice making classes? I have worked on several govt. facilities, and they stock a tremendous amount of products in large quantities, and I don't recall any of them being cheap lol.
Jul 20
Process Update: U.S. Government General Services Administration (GSA) Registration
Uncategorizedby Eric Lehner
.Our team reports today that we have now spoken with the Contract Officer (CO) at the GSA who has been assigned to review our submission. The Contract Officer stated that they are now picking-up speed in this application, and that he expects to begin work in earnest on this file within a few weeks. The significance of this status report is:
Confirmation that our file is properly in the system
Confirmation that the Contract Officer personally responsible for the file now has it in his work que
Confirmation that Contract Officer is now reachable, ie receiving and responding to contact with us
Confirmation that the usual time frame normally applicable to a file of this type has been improved upon, i.e. less waiting than usual
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