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That is 100% equivocally false. It is EASILY proven by reading even the most simple of Court Dockets and filings.
Then again, Eric has NEVER been accused of being a purveyor of truth, and the again, the share price reflects his own stupidity for trying to push another false narrative.
Also, if it was true, then he wouldn't need tot he courts permission to ever disclose any information because they wouldn't be under any kind of "sealed agreement"
Looks like a crappy garage sale ... LOL! Only Eric would be pumping something so stupid. Looks like all the crap from the last building they left when they couldn't afford it.
Ohh he's got his old game plan in full effect - dilute, hype, fluff...and then dilute again.
Up over 6 billion shares now is it? That 7.5 A/S will be maxed out soon.
In other words, he doesn't like be called to answer any relevant questions. Only there to post fluff and "intentions" for people unaware of how bad a CEO he has been/is.
Got it. Check.
There are many explanations as to Eric's constant lies and misgivings; it is simply his nature. I have said all along he should remove himself as CEO if he wants WNBD to succeed. Time after time Eric is PROVEN to have lied and mislead, on things so simple that no credible CEO should lie about.
Years he has been doing this, hence I would never take a position in anything he peddles, even if I thought I could make a quick buck. Time after time my character assessment of Eric is confirmed, his statements come back to prove his incompetence. I have always said he fancies himself so important "worldly businessman", when in fact he merely some losing penny stock promoter who has missed and fumbled EVERY opportunity imaginable.
I could not imagine a more incompetent ego maniac CEO than Eric. He has produced nothing but failure for shareholders, for whom which he has lived off the wallets of for years, many times not even repaying his debt owed them.
Eric is a piece of work that belongs right where he is.
FOXO has way more than 25 million and I highly doubt anything AI will come of this. A good pump though, I know we better start load loading lw-float AI stocks that need to pump tho.
100% P&D, be ready to exit quick!
One can argue the viability of GestureTek and the future of Winning Brands products, but no one can argue the past 20+ years of failures, lies, misleading tripe, and incompetency with Eric in leadership.
If you suddenly think a zebra will change it's stripes, then by all means, buy Eric's constant dilution which has served many "so well" in the past. We KNOW has again diluted, almost hit the new A/S he just recently raised, and will likely raise again one more time before he is "forced by the industry of change" to R/S split again.
Good luck to all who believe in Eric, you'll need it. I believe Eric is really going to start hemorrhaging cash in this year as I feel he will start pulling most original products from the inventory as they simply do not sell, and he will try to focus on antiquated technology that was recently bankrupted by the market who didn't want it.
Again, good luck.
Regulatory Update Following Type B FDA Meeting on LGSOC Program
A recent FDA meeting was held to discuss the encouraging results to date of the ongoing RAMP 201 trial evaluating avutometinib ± defactinib among patients with recurrent LGSOC, confirm the go forward treatment regimen selection and discuss the regulatory path forward. The combination of avutometinib with defactinib has been selected vs monotherapy as the go forward treatment in all recurrent LGSOC regardless of KRAS status, acknowledging the demonstrated contribution of defactinib.
The Company intends to include mature data from RAMP 201, the Verastem sponsored clinical trial, and the FRAME study, led by The Institute of Cancer Research, London, and The Royal Marsden NHS Foundation Trust to potentially support filing for accelerated approval. Both studies are evaluating avutometinib and defactinib in patients with recurrent LGSOC. The Company is in ongoing discussions with the FDA on the confirmatory study and plans to provide an update after agreement with the FDA. Continued enrollment in the combination arm of RAMP 201 is planned to expand the clinical experience in anticipation of initiation of a confirmatory study.
“We appreciate the productive and ongoing discussions with the FDA regarding the progress of our LGSOC program, including the alignment around key next steps as part of our breakthrough therapy designation,” said Brian Stuglik, CEO of Verastem Oncology. “With the encouraging results of the RAMP 201 Part A interim analysis and the FRAME study, we will work expeditiously to prepare to file for an accelerated approval that encompasses the totality of the data from both trials as well as progress on the confirmatory study.”
https://investor.verastem.com/news-releases/news-release-details/verastem-oncology-announces-positive-data-and-regulatory-update
Ramp 201 Data Updated, and a Private Placement secured.
BUY
Yes, you are right. Eric has proven time and time again that ALL his "visions of global domination" have come to fruition.
My mistake to ever cast doubt on the vision of the WNBD CEO since he so skillfully advanced the shareholder value of WNBD over the years ....
Well, looks like Eric is back! Release fluff, non-descriptive news in a flurry that has little impact on the reality of the market. It's hard to imagine supporting his continued failures, but hey, it's your money. I would like to point out Eric's continued failure at nearly every single thing he has attempted. Now that he is getting a little "older", I can't imagine retirement is too far out for Eric.
Perhaps the best thing Eric can do is offer himself a "severance" package with some nice retirement shares and hit the street, turning the lights out on this failed endeavor for good.
But we know his ego will never allow that. Instead, he will continue to mislead and bilk investors into believing he REALLY is going to be successful with THEIR money this time....LOL
Gee Eric, did that worthless PR coincide with a massive dilution day?
Weird eh?
Wow...a video...wow
I'm sure the investment community will very ... responsive! LOL
The problem is that only shareholders are likely buying the product. There is no demand or advertising to speak of. It's all a moot point since they've never sold enough EVER to sustain operation without dilution.
Basically it's a nothing burger.
Well, not time like the present to start a position, I doubt it can get much worse except go to $0.....
Still waiting on some results that will make or break this tiny Biotech.
Profits? LOL! Eric hasn't disclosed the business structure of GT yet, how the hell can be announcing anything? Looks like the shares aren't exactly flying off the shelf for Eric...his dilution will come hard and heavy.
I drove past the "facility" in Barrie back in November on a Trip to Canada I took, I was NOT impressed, it's literally a strip mall building...
That (if any) cost saving would be insignificant I see no real value in that. But it is Eric after all, who knows what he is thinking.
Eric cannot eliminate the third part warehousing for the Winning Brands products, he does not the capacity or knowledge to make the products in-house, hence why he has always had the third party do all the work, and why WNBD only make pennies on the dollar for cleaning products. If he had focused his time and energy into the cleaning business and sought to actually "make" his own product, he could be in a much better position.
But Eric lets that Ego get in the way, he only wants to be a big-shot corporate executive, and not put in the effort needed to grow his core business. Once the real talent left WNBD in the early years, the the fate of the company left with them.
Eric has learned it doesn't really matter IF the product sells well, he can ALWAYS put out fluff PR's and dilute (like he has, proven) and maintain his lifestyle as it is.
News out! Don't sleep on the low Floater
What a great reminder of the gobbledygook Eric is willing to spew in order to justify his incompetence. Just pulling crap out of his butt knowing that most cheerleaders won't even bother to look at what he saying with any vested intrigue.
I know for a fact that the trusteeship was unnecessary, and not a reflection of the quality of the company
I doubt Eric knows how to pour piss from a boot if there were instructions on the bottom.
The trusteeship, in essence, arose as a technical consequence of the fact that the company did not meet the bank’s acid test ratio during a periodic review.
Well duhhhhhh!!!!! That's the whole point of the ACID TEST!! To see if a company is going to viable to continue lending to! That's the BANKS JOB!! It's THEIR Money to lend!
Eric is so far out of his league on this GT debacle, it's now sad, not comical.
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.
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.
Here you can see Eric has no clue what he is doing. He (Eric is saying this, NO BROKERGAE FIRM) is solely relying on numbers from the 2011 sales of GT's BEST ASSETS as to how he THINKS remains of the receivership GT will be valued.
Eric must think investors are completely naïve to believe whatever is left after the receivership will be worth anything remotely close to what was the peak of 2011 asset sale.
Anyone investing in this hornswoggle is going to be funding WNBD's little trips for the next few years, Vincent and Eric stand little, if ANY chance of getting the valuation they believe will happen.
What a complete FARCE.
Blowing up today! Could be more on the way!!!
I understand, you've been exactly on the money will all of your due diligence on WNBD, GT, and most importantly Eric.
As you peel back the layers of this mess, you'll see Eric is 100% a salesman, not a leader. I keep saying, what has he ever produced for shareholders except a 99% loss of ROI if you bought when he took over the WNBD shell?
He is an elaborate wordsmith, who gets to hide behind "safe harbor" statements. He never has to publicly acknowledge his failures as a leader, even though it is all clearly evident and visible for those wish to keep their heads out of the sand.
I've don't ATTACK Eric, I describe what he has DONE.
How people interpret such is up to them.
I believe you are again correct, if Eric was able to gleam ANYTHING from GT legally, he would have found a way to do it. This makes me believe the situation is even much worse than he has described.
How can he ONLY bring in GT sales, since the original GT is caput, and only GT Health even somehow survived?
He cannot simply cherry pick what he want to divulge from the financials, he must include EVERYTHING.
I think that's why things "suddenly need more time".
I would imagine any sales while in bankruptcy would go to the creditors first and foremost, secondly, I'm interested to see what they are actually selling (if anything) since the majority of their good products were sold off years ago.
I believe Eric has again, bitten off more than he can chew and will need to end up diluting WNBD to oblivion (again)
No updates from Eric on how he is planning on taking GT through the new entity process and how much it will cost, what will be required financial document wise?
I mean NOTHING will look more impressive to an underwriter than a failed penny stock CEO trying to bring an obsolete technology company to market out of bankruptcy receivership!
Can't wait to watch this play out over the next 5 years or so....
Some people ask why the old timers stick around a stock like WNBD....and this is exactly why. You and I have been watching Eric bambooooozle potential investors for so long, we have a wealth of knowledge of his shady, lying, bloviated buffoonery for so many years it has become comical.
Happy Turkey day brutha, enjoy!
Sure, we'll just see who is going to fund the REG A (if ANYONE)
My bet is it will Street Joe, Grandma, and dude on iHUB because no accredited investment firm will attach their reputation to Eric and his baloney.
We will see, won't we? Also, how have Eric's previous attempts gone at raising funds? LOLOLLOLOL!
Still people out there he owes money to for SURE.
Accredited Investors vs. Joe Blow on the street.
Major Financial Institutions vs Grandma
Hedge Funds vs. some dude on iHUB
Honestly, what REAL investor would pony up ANY money after looking into GT and WNBD? Not any legitimate entity. He's already modified it so any Tom, Dick, or Harry can throw money his way.
This will be another in the long line of colossal Eric Failures.
Also, I'd love to see 2 years of audited financials of GT after it was just discharged from Bankruptcy! LOLOLOLOL!!!!!
Eric is such piece of work, Dangling those carrots, feeding that BS to Twitter.
It's embarrassing how many times he has been proven a liar and a fool.
Starting to heat up here....10-Q out yesterday confirms the 2.2 million float.
This is going up BIGLY from here.
Yeah well, history says I have been 100% right thus far. Luckily no one cares about your opinion, where as I get multiple "thank -you's" yearly for saving investors money from this wretched diluting enterprise ponzi-scheme.
Good Luck Though, I'll be here until Eric gets the lights turned out.
More proof Eric has absolutely ZERO clue as to what he is doing.
He pretends he is going to bring this to market through a new trading entity, there is NO CHANCE that is going to happen. It will be years of carrot dangling while they are forced to hemorrhage WNBD shareholders to foot the bill.
No way Eric has the capacity to bring any of this to fruition. He cut and pastes crap off of legitimate funding sites as if GT qualifies for any of this. He is an absolute idiot.
For any reason I see fit to be here, because I can be. I have the RIGHT to be here, to keep anyone who wants to listen informed on the past actions of the worst penny stock CEO in history.
That is all.
I've forgotten more about this pos than you or any of the other crop of koolaid drinkers will ever know.
That is the absolute TRUTH.
Has Eric EVER done ANYTHYING for the Shareholder?
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.
Sounds a like a "winning" formula huh?
Good Luck!
Apparently "long" shareholders are suddenly quiet with the proposed 4.5 Billion in dilution at less than half the current price....crickets.
I wonder why no one is rushing to defend Eric's prosed dilution?
Here is the 4.5 Billions shares of dilution I said was forthcoming.
also notice: The Shares are being offered only by the Company on a best-efforts basis to an unlimited number of accredited investors and to an unlimited number of non-accredited investors
What a guy this Eric is.