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Actually this is an issue where you do the best you can to eliminate the hype, the momo or lack of, and the doom and gloom the penny market brings, and look at the foundation building the company has been doing. Then you make a fundamental assesment on whether or not you believe the comapny can increase product exposure and increase sales going forward in a manner where it can become profitable, and no longer rely on the public markets for funding. Some believe it will, and some believe it won't. It's as simple as that, so no need for charts for long term investors. The market always dictates the share price as long as capital is required (demand and supply) and I don't need any lessons on the penny markets, because I completely undestand all metrics involved, so no reply necessary.
Falv, that's pretty much the way I see it also, and many of those who's benefits were severed are now the ones throwing the punches. Winning Brands has a great opportunity to be a success in the future, but securing funding is paramount at this point. Having an opportunity to stop the influx of discounted shares will help the shareholders, and Eric being able to focus all his attention on brand building could get this ball rolling in the right direstion.
I agree, and believe that is the over-all sentiment of the shareholing community. IMO any company and shareholders of any company are appreciative to have individuals of this caliber asociated with them.
Since demos or products were'nt even mentioned in the earlier post, and this is a stock message board, I believe clairity is important since most investors or potential investors are more concerned about paid stock promotion as opposed to anyone promoting WNBD's products lol. I just wanted to make sure it was know that paid stock promotions aren't the topic of discussion in regards to the post.
I didn't realize WNBD vendor demonstrations at trade shows were referred to as promotions. Nice play on words there lol.
Having inside knowledge is not a crime, but buying or selling stock based on inide knowledge is a crime. I'm certain there are some still around here that wouldn't want to open up that can of worms from a former employee that Eric canned.....know what I mean lol
As usual with WNBD, common sense and honesty prevails, although i'm sure there will be a spin job coming lol.
The CEO states they were only reimbursed for expenses, and not compensated for their time or work. They aren't on the payroll of winning brands meaning, they aren't employees of the company, and therefore any post targeting them should be considered off topic.
How far can a rule be stretched, twisted, or tied into knots before common sense prevails? Let's look at this situation from a common sense point of view.
Let's say I'm a graphic artist, and I do the van wrap job for WNBD that allows them to advertise their product to the public everywhere they go. I get compensated for the work I have performed, and either before or after doing this work for the company I purchase shares of WNBD. Now according to the belief of many on this board in order for me to post on a message board I must include compensation in the disclosure. That is a complete absurd and mis representation of the SEC rules.
None of the people being dragged through the mud today are employees of WNBD and the situation is no different than the example of the graphic artist. So, in my opinion all of todays post should be considered off topic.
Anyone with a lick of common sense would understand the rules set fourth by the SEC refering to paid promotions and disclosure are exactly as implied. If you recieve compensation for the purpose of promoting a stock you must disclose such information.
How pitifull this has become lol. I guess any employee of any retailer that sells 1000+, and ultimately recieves compensation for promoting 1000+ along with other products, maybe even a sales bonus from the vendor for highest monthly sales of 1000+, who decides to buy stock in the company, must now provide disclosure if posting on the WNBD message board. The insanity here is almost overwhelming lol.
I edited it to make sure that it would be understood that there is a difference in being compensated and being reinbursed.
As for your statement to what knowledge I have..... I have no idea if they are being reimbursed for expenses, compensated for their time, or any thing else protaining to scup or dave. I will go on record saying I do appreciate their efforts, and if fair monetary compensation was given I have no problem with it.
One might also think that recieving compensation for sweeping the office floor was considered wages, or something of added value to that person which may require disclosure. On the other hand, one might would rather compare apples to apples, and use an example that better fits the situation like this.
The boss ask me if I would stop by the store and pick up some printer paper when i'm on my way in to sweep the office floor. I do as the boss ask, and pay for the printer paper out of my pocket, but when I arrive at the office and give the receipt to the boss he reimburses me for the money I spent on the paper. Now since there was now monetary gain recieved by me, how would that be considered compensation. The only possible disclosure needed would be for the monetary gain recieved for doing my job, but not for reimbursements for no gain.
I really can't believe i'm entertaining such nonsence, but I guess everyone needs to decide for themselves.
Winning Brands growing in Do-it-Best, re-gained shelf space acroos the entire Walmart retailer in Canada, Achieved GSA listing with web portal to be unveiled soon, close to securing financing which would lead to an end of 504 funding, and the list goes on, so it looks like alot of straw grasping going on now lol.
Why do you feel we don't want to know the answer lol. Maybe i'm a little more forward thinking than some, but I believe to all those who it really matters already believes that their expenses would covered by the company. It's one thing for someone to promote the product in their hometown, but I would hope the company is paying someone expenses to travel out of town for several days to demonstrate the product to promote awareness. Although I personally believe that would be the only forms of reimbursement they recieved, but I wouldn't have a problem if they were fairly compensated for their work either, but why should I expect otherwise from some people who feel like the CEO should work for free.
FFF, absolutely not. This is the same message I have been stateing for a couple of years. As long as WNBD has a need for raising capital through 504 funding, and remains a non-reporting issuer, they would always be subjected to the silliness of the pinksheet market. It's going to take profitability and growth to bring in a new type of investor. Whether or not that will happen is yet to be seen, but my message hasn't changed, and for DISLOSURE i'm betting it will.
I have no idea if they were compensated for their work with the company or not, and I also believe TOU rules have been expanded beyond boundries for reasons unknown by me. There is a huge difference in the meaning of compensation and compansating reimbursement, in which compensating reimbursement should not be used as a form of monatary compensation because no added value was gained, nor should it be considered in terms of disclouser. Unlike disclosure needed for those who recieve valued compensation for toughting certain companies issues on message boards.
Compensation for labor:
Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees. Compensation is a monetary benefit given to employees in return for the services provided by them.
Reimbursement:
Reimbursement is act of compensating someone for an expense.[1] Often, a person is reimbursed for out-of-pocket expenses when the person incurs those expenses through employment or in an account of carrying out the duties for another party or member.
Wow TAKI you are right. When I bought into this company I thought the CEO wasn't going to sell any shares, and only use his personal money to fund the company. I thought he and the other employees were going to work 10-12 hrs a day, 7 days a week for free. I also thought he was going to saty tight-lipped about the progression of the company, but was going to spend thousands of dollars paying a promo company to hype the stock so I could make millions of dollars....Guess I was fooled. I had no idea this was a real company with the need for capital to grow the retail and distribution market. A company that was going to reach 5,000 retail locations including the worlds largest retailers in Canada, with plans of someday fostering the same relationship with retailers in the United States. Then gain approval of the United Staes GSA program as well as the equivelent in Canada. Land a relationship with the largest paint and sundries distributor in the United States that services over 15,000 accounts. Then to top it off, increase product exposure in many of the retailers through in-store demos, product use and testimonial mail out programs, and in-store advertising to begin to increas the volume of product turns in the retailers.
Guess I was fooled, so it looks like I'm stuck now haha. Good things coming folks.
You are absolutely correct, but this is what you have to deal with in the penny market. There is such an absolute disconnect between the company and the stock in pinkyland it is laughable. There are companies with gross revenues of 10,000 dollars that will trade with 300 million dollar market caps, and companies with 15 million gross revenues that trade at 2 million dollar market caps. People can say what they want, and harp on their reasons for the share price being where it's at currently, but essentially it all boils down to hype and momentuem in this market. WNBD has fallen out of favor with with the traders in this market due to not getting the much desired promo campaign. What will move WNBD forward in the future will be meeting the objectives set forth by the company itself, and attracting a different breed of investor. If the company is able to secure proper financing and move through the growth phase into a profitable position, become fully reporting, then it will get new eyes on it from investors with longer term horizons that love investing in company's at an early stage of profitability.
Until this times comes if it does, we will have deal with all the various opinions of the terrible share price. I like my odds for success in the future, and thus the reason I'm here.
How silly to even assume that. The 504 subscription allows the possibility for a company to raise 1 million in capital financing during the year, but the company can raise any amount they so desire between 1 dollar and 1 million dollars. They do not have to raise the maximum amount.
Maybe you can post the link to where that was stated lol. He could have just as easily been saying that the new financing package will be designed to pay off all debt with exception of what insiders and founders hold, and eventual uplisting will occurr in due course as part of the financing deal.
Nothing but speculation at this point IN A NUTSHELL haha.
I didn't realize anyone was jumping up and down on either side of the debate. It was simply two differing opinions based on one paragraph in the blog. One side was stating Eric would be working hard on preparing a formal proposal for the next 90 days, while the other side was stating that Eric would be working hard on the entire financing process over the next 90 days. It seems like that case has been settled at this point, but I'm sure another one will arise before the night is over.
Doog the point is not clear, and therefore the reason I ask for clarification, so no need for me to debate this matter. The last word of your pasted quote "this" either refers to the proposal part only, or the entire financing process including the proposal. No need to get so bent over it untill the true meaning of the blog is revealed.
To complete the proposal, or complete the financing?
On the subject of refinancing, we are confident that we have identified advisors whose track record, ability to understand our objectives and proven contacts are of sufficient quality to proceed with preparation of a formal proposal to appropriate candidates that are already known. Over the next 90 days there will be a great deal of work going on to complete this.
To A/C, no I'm not worried but I feel there are conflicting views on the content of the blog, and instead of debating a point based on speculation it makes more sense to get the right answer from the author.
I have sent an email requesting clarification on your subject matter. The way I understood the blog was different, so hopefully he will clarify the part in dispute.
It seems to me he stated that the company is at a point where they are ready to prepare a formal proposal (now) and work hard to complete financing within the next 90 days.
November 22, Blog
I believe if you do a little research you will find the answer to how much the ambassadors cost the company, and as far as Mrs. Walsh taking a vacation that statement is laughable. There has been a great amount of success in Australia and New Zealand coordinated by her, and it also seems that her job over there was well done. It's now time to hand it off to larger distributors like MetCash and Rubbedin who have the distribution networks, wharehouses, and expertise to move the product deeper into mainstream locations.
There is no way I can defend the current share price, and I certainly believe things could have been handled differently. I'm sure this post will get several responses from a select group, but hopefully the logic will sink in with those who matter.
IMO I believe we sit where we are today, because the CEO was lead to believe things were going to materialize that didn't come to fruition. I believe he attempted to protect the share structure by taking on some debt prior to the DRTV, Lowes, and Home Depot time frame, after being lead to believe these things were about to happen and lead to a new phase for the company. When these events didn't materalize it compounded the the need for capital going forward, because the company still needed operating capital, and now had debt to carry forward to convert at a later date.
I believe Eric's largest mistakes were made due to the fact he has always raised the capital needed on a monthly/quarterly basis. If he had raised enough money to carry the year at much higher prices I don't believe we would be at the same PPS as we are currently, but as stated earlier I feel he was lead to believe things would occur that may lead to the end of the need for cash through the capital markets, but it didn't happen. Whether or not that was a chance he should have taken can be debated from now to eternity, but it's up to each shareholder to decide for themselves.
Many of the posters here have screamed for a promo campaign for quite some time now, and not that I completely dissagree with them, but there are things I find amusing with those who continue to beat this dead hourse. The same posters that want the promo are the same posters who have labeled the CEO with titles like Blog Lehner, Carrot Man, and the list goes on. They despise the CEO giving current or forward looking operational updates to shareholders, but want the company to hire someone to hype and taught the company to the masses. It seems like it's not really about the carrots at all, but it's more a problem with who is dangling them. CEO bad...Promo company good.
As stated in this post, there are things I believe should have been handled differently, but regardless of the past failures with handling the share price/structure things are still moving forward operationally. I believe financing is crutial at this point, and I also believe Eric will come through in the near future.
What about the label? Easier to have others do a little digging I guess.
Occasional vague sales number update are beneficial for shareholders when special promotional programs are being done through specific retalers, but as a self proclaimed professional in retail you must certainly understand that many retailers would frown on any manufacturer broadcasting sales numbers or information to the public without permission, right? Eric has always been cautious about posting specifics without permission, and he has made that point very clear in the past. If these numbers are that important to you, maybe you should do your own due dilligence on that location.
Oh okay, I got it. Similar to the way you selected part of my post to respond to, similar to the way you have selected parts of others post to respond to, and similar to the way you select parts of Erics blogs to respond to. I get it now...End of discussion.
So are you stating they are doing it for the destruction of the company and the stock, or for the "greater good" to warn people, which according to you, to ones promoting the products are'nt capable of doing?
Good at what haha. There are several shareholders who have had the opportunity to wittness just how frugal the management team is when they travel. They can blah blah blah all they want about blowing money on extravagant travel expenses, but I, and several others know for a fact they travel on a shoe-string budget.
Very nice to see all the videos thumbnails in one location like that.
I really believe Eric missed the mark on this press release. It seems (from the title) the emphisis was placed on 1000+ becoming available in the UK, when in my opinion the important aspect was in meeting the strengent requirements for the product to be made available in the EU.
It's important to follow the story of our presence in Europe back through the CEO blog. ROMA is a large (Serbia) European distributor for Winning Brands products, and has showcased 1000+ at trades show and on their website. It seems like many enquires may have came through Roma Distribution, and it's possible this is the reason for the change to making 1000+ a bio-based product. Now that 1000+ meets all European Union standards the ball can now begin to roll into areas of the world where it wasn't allowed before.
http://europa.eu/pol/env/index_en.htm
To any new or potential shareholder, it's important to follow the trail of the many new developements through the CEO blog, and there you will find the early stages of the current developements as they have made their way through the system.
That's when they are buying skids. As you scroll down the page you will see they have different price points depending on quantity ordered. Also remember there are no distributors involved in this process, which means the government can buy in quantity at or slightly below wholesale prices.
It all works together, and time cordinated. The cash for shares change hands, the paid touts are hired to start the pump, and bring interest to the stock, then the news is released and as attention grows and volume picks up.....the dump starts. It's all about creating enough liquidity to sell the new shares.