Dear Mr. Graves,
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
-----Original Message-----
From: Chris [mailto:side_job@sbcglobal.net]
Sent: January 26, 2008 1:14 PM
To: Eric Lehner
Subject: Outstanding Shares
Mr. Lehner,
I have heard concerns from investors on the forum boards with regard to
outstanding share count. I am aware that you keep this information on
the F.A.Q. section of the Winning Brands website, and I appreciate that
access. I respectfully pose two questions to you.
First, could you advise a current outstanding share count, that I may
post to the forum boards this weekend. I believe there to be a large
number of potential investors performing due diligence on Winning Brands
at this time. The past two weeks price per share gain has brought focus
to WNBD, and I suspect a large number of new investors will be entering
this market in the next week. An up to date O/S advisory should assist
them in their due diligence.
Second, in the F.A.Q. section, you commented on the restricted shares
under the '144' provision that are due to expire in the 1st quarter
2008. Can you give a date of expiration for the last of these shares?
On a side note, I read of review posted to the forum boards from our
Floridian firefighter, and his fire companies hands on review of the
Clean1 product! Congratulations on another obvious success!
I thank you in advance for your consideration.
Sincerely
Chris Graves
"side_job"