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I don't think it means much of anything, except some people dumping what they have before the EOY. IMO
This dog is now relegated to pink sheets. Now they do not need to report anything to anybody. Sixteen years later and still can't get anything to work. Move on. IMO
Still waiting......
The only way they were able to keep it going as long as they{Hackett's} did was to convince suppliers to put product in stores on consignment. WB was not the only one. Here's an example of not knowing your customers. I'm sure when Eric[Canadian] heard that a potential customer was located in "New York", he only was thinking New York City as many who do not live in New York state do. Few people live in the north country and fewer have any disposable income. I'm sure this big flop cost WB a few bucks and no repeat business. IMO
A good example of WB selling on consignment is "Hackett's Hardware" in the north county of New York State. This group of small stores brought in WC, KIND, Clean1, fabric softener, even in GALLON size and loaded four endcaps to the hilt with product. [A photo of this was on iHub for quite some time]
No store would bring in gallon bottles of Winning Colours, or that much product, with consumers in the area not having a clue to what it was, and having to pay for it up front. Only if the product was on consigment would a crazy order like that be placed.
Plus, this is a depressed area. The locals buy the cheapest products on the shelf. They would never pay $9.00 for a small bottle of laundry detergent, which is what KIND was priced at.
WB did a few radio commercials to support the product, but ultimately all of the product was sold for next to nothing to get it out of the stores. Eric can confirm that. Most of the Hackett's stores are now closed.
Over the last four years, WB[Eric] has trown everything out into the market trying to make something stick. There has been no strategy, no plan, no target...just ship product to anyone anywhere in the world, i.e. China, India, Mexico, Italy, et al, instead of concentrating on its back yard-USA. Not having control over your product, who is buying it, where it's going kills your brand. How can you manage your business from 3000 miles away? From bunko gear cleaner to non-perk dry cleaning, WC to trackmoist, KIND to CLEAN1 and on and on..but still cannot even get to .5MM.
Most of what Eric shipped in the past was on consignment. No one pays till the product sells. You can't be a profitable business when you give the product away. While WC works, the volume will always be very low. Once you buy a bottle, you will have it for a long, long time. If it doesn't move quickly, distributors and retailers will drop it.
Where Eric really missed the boat is with KIND laundry detergent. It's a great name[not like Winning Colours which makes no sense whatsoever to the consumer]...but more importantly...there is real truckload volume here. That is what a company needs to have any positive cash flow. Reorders on top of new business would change the entire complextion of the business. Consumers would buy fifty bottles of KIND for every bottle of WC. All in all, it's a very poor business model. All the YouTube videos in the world will not change that. IMHO
P&G Looks to Franchise Tide Dry Cleaning
...Each dry cleaner features a double-lane drive-through and lockers accessible for after-hours pickup. There are lollipops for kids and Iams biscuits—yes, a P&G product—for the family dog. The company hopes to lure eco-conscious consumers with proprietary technology that doesn't use the solvent perchloroethylene. P&G says its stores will charge about the same to dry clean clothes as the industry average ($2.25 for a man's shirt; $11.50 for a dress).
Let's see if Eric can compete with P&G...
It's one stupid decision after another...NASCAR-FLOP....Sarah Melody-idiotic partnering with a kid...$100,000 prize drawing-FLOP ...Lowes(USA)-debacle-FLOP...Miles-FLOP...Walmart-FLOP...C-stores-FLOP...et.al...
I think it's right around the corner...IMHO
Hey dumb! This is a Canadian "COLOUR" NOT "COLOR" the way Americans spells it.
Huge Difference :)
Huh? If you read the thread, I was referring to the website winning-colors.com, and the horse named winning colors. It had nothing to do with Winning Colours....and it's Americans SPELL it not SPELLS it...
Check this out!!!!!!!!!!!!! What the heck is this.
http://winning-colors.com/
It's a painting contractor. You think the name Winning Colors is unique? There's also a horse named Winning Colors. The horse keeps promising to win, but never does.
Unfortunately, as I understand, it has been postponed until late January...and I completely agree that he should have released them by tomorrow, like he said he was going to do all along.
When he said he was going to file an IIS at the end of the year, it was to be for the first three quarters ending September 30th. That's three months after the close of the quarter. Why does anyone think that the entireyear will be finalized by the end of January? Sounds like just another push-off to me. Wait and see....
Well - I'm leaving for Las Vegas right now for the next 4-5 days (got some great rates at the new City Center) so I'll be seeing you people sometime next week (year). Have a great holiday and HAPPY NEW YEAR!!
Good bye!
......And I will say blows the crap out of peoples confidence here in pennyland.
Confidence in pennyland? What are you confident of? Must be that you are confident that most penny stocks are scams.
Does anyone around here feel screwed?
Yes, many. Most have dumped and moved on. Soon, there will be another 504 and the O/S will be above 1.5BB. Keep hinting that something will happen "soon" or be "imminent" so you can continue to string along the uninformed...keep the real info confidential so you can shop the co. around for a buyer who will be privy to the real info. The cheerleaders will be left holding the empty pom-poms ... remember a key fact...WB was formerly know as (blank)... formerly known as (blank)... formerly known as (blank)... formerly known as (blank),...that should be a clue as to the real intentions of this outfit...it's the "MO" IMO
HA!! I knew it wasn't going to happen! That funny little carrot never seems to wilt...
Please provide support for your blatant unsubstantiated attacks on this company..seems to me that its more suspicious that people stick around here posting negative comments on this board who have been following this company for years ..if they feel so negatively about it...why are they sticking around then for soooo long? Are there no other investments to pursue? OR are people looking to discredit this company to get some cheap shares by trying to scare away new or current investors before a big run?
There is another side to every story. A possible new investor should know the entire one when it pertains to WNBD. IMO
‹(•¿•)› I see a very bright and green future here!!!!
Wow, look at all of those PRs. Almost four years, and still, not $1MM in sales. What's wrong with this picture??
Remember last year when Eric put the WNBD ads on I-Hub, we were all over this site and the topic of conversation for all! My Holiday wish is to feel that excitement once again. Any magic left???
Yes, I remember. It was November 11th, 2008. That was the day Eric promised to announce that he got the word about a U.S.NA. He was to let everyone know whether WB got the account or not. To take the focus off the fact that he never did say if he got the account or not, he put an ad on iHub. And it did the job. Message after message of how excited everyone was about WB because of an ad on iHub. What a waste of money. He also said he would put an email out this weekend about Lowes and numbers on December 31st. It's 10:30 p.m. EST. and no email.
Why can't he just answer the question instead of always promising that he's going to answer the question?? How difficult can that be?? Oh, I know. He needs to contrive five paragraphs of nothingness so it comes out so the question is actually never answered, and everyone will be so [giggly] impressed they'll forget about the purpose of the original question. IMO
JP1980....
Here's a preview of Eric's comments on your two questions....(he should come close to this from earlier this year)
Dear JP1980:
In general terms for now however, I can say this. A key challenge in my role is to manage expectations responsibly. There are two countervailing forces at work. On the one hand, shareholders (of any company) want to have good news and watch their company grow and succeed. On the other hand, ethical conduct of the relationship between the CEO and those shareholders is to not let their aspirations take perceptions beyond reality. Thus ironically, the responsible CEO should actually be quick to quell inflated expectations and in my view spend more time doing that than trying to promote the company’s perception amongst its shareholders. This counter intuitive situation arises from the fact that there is natural goodwill, enthusiasm and perception of opportunity amongst the individuals who make up the shareholder family. They view the situation through the prism of what can be, whereas management sees things through the additional corrective lens of practicalities that stand in the way of achieving the goals.
I have been consistent from the beginning by making it clear, in many ways and on many occasions – that we are still a start up. I deliberately did not forecast an elaborate calendar correlation to all the phases that a firm of our type is likely to go through. I have refrained from attaching a proposed year to each of the phases, although it was my target that we could move up a category in connection with the implementation of a U.S. national account about this time. In an exceptional example of honesty in this regard, the firm has been consistently described in the FAQ of having sales of less than $1 Million. I have always stated that the value of this firm to investors rests not in its current numbers, but in its potential to achieve a very desirable combination of high sales and profitability if certain circumstances come together. There are several good and relevant examples of firms whose primary brand has acquired the stature of household name and in the process acquired a sales volume even higher than estimated in the highest phase envisioned for Winning Brands.
Therefore, and this is the key point to bear in mind, the valuation of the firm depends entirely upon whether the valuation is based on what its current intellectual property (formulations R&D, trademarks, emerging listings) can yield eventually or instead whether the valuation is based on the conventional financial statement book value. The bottom line is that this firm has never been promoted as a suitable investment for persons wishing to participate on the basis of Winning Brands’ current position on financial benchmarks. Instead, Winning Brands is suitable for persons capable of sensing the extreme potential of its business model and can hold on for the implementation of same to materialize. I realize that this is an elite group within the world of investors because it takes tremendous personal judgement and self confidence. I have always believed, and acted on the principle, that unsuitable investors should be filtered out prior to ever joining this group through such frank characterizations.
The company is a Non-Reporting Issuer at this stage. This is a perfectly legitimate mechanism for early stage emerging enterprises like ourselves to exist as we work our way to a real lift off. Our business model is extraordinarily simple. Therein lies its appeal. With a relatively small number of operational staff, and subcontract production, we can manage a growing portfolio of distributors and retail accounts for eventual massive throughput of volume in a highly disciplined cost structure. Furthermore, it should be remembered what even one million dollars represents in actual consumer behaviour – and why the firm’s progress from a much lower starting point upward through the first phase is by itself noteworthy. In a very basic approximation, one of our products is now being purchased by a consumer somewhere approximately every 2 minutes during the extended business day, throughout the year. The U.S. market is still in its very early stage of development – thus this figure is only going to accelerate. These consumers are real people, many of whom are purchasing for the first time, and thus represent the start of new consumer relationships.
Our cost of goods sold is in the normal range for well managed manufacturing operations of approximately 50%, of the wholesale price, bearing in mind that our raw materials are of a higher calibre than the typical cleaners. Our formulations are highly concentrated and deliver terrific value to the consumer.
Therefore, to answer your question about valuation I will give you my opinion, not as an accountant but as an entrepreneur. The “upside” of Winning Brands is enormous. The “downside” is not significant because we have already demonstrated an ability to perform the 3 primary tasks: create and manufacture a terrific product(s) – develop a (growing) portfolio of retail partners – manage advertising/marketing programs that pull it all together to build brand awareness for heightened trademark value. On this basis, it is my estimation that we have much more likelihood of being successful than of failing. With the passage of time our chances for success improve because all our arrangements normalize. Suppliers learn to extend credit, staff learn their responsibilities, the bank learns about our prudence, customers learn about our level of interest in serving them; all these things are getting stronger continuously.
It therefore all boils down to the question of what a firm with all this potential is worth? Is it worth $7 million? There is not the slightest doubt in my mind that this is very low. The manufacturing/distributor/retailer relationships that are being put into place constitute a pipeline to the consuming public. This pipeline has a throughput capacity of more than the $100 Million+ characterized as the most advanced phase presented in the FAQ. The difference between Winning Brands and some other companies with this potential is that private companies are not accessible to investors who desire liquidity and public companies are generally either more advanced or merely shells. Thus, we are in that special zone of being “ripe” for something really good to happen that takes us up several orders of magnitude. The shareholders who will be the owners of the company at that time will own a very attractive money machine because it has been built from the outset to be resilient and sensible. As previously mentioned, that is the time for the firm to begin buying back shares from the market with the result that the diminishing number of remaining shareholders will own an increasing percentage of a highly profitable company. When a well designed profitable company with a good business model has money coming in systematically, there is no limit to the ways in which shareholders can be made to benefit. It has already been demonstrated through the behaviour of this firm that its management, and I in particular, are both driven to achieve this endpoint for the benefit of shareholders.
Ultimately, I refuse to “sell” this firm as an investment while it is still at this early stage. This is completely at odds to the conventional routine of CEO being cheerleader on a “dog and pony show” as it is referred to in the investment industry or hiring stock promoters to engineer massive buying campaigns. As a result, Winning Brands is rare amongst its junior public company peers by not being over promoted. There is a vast array of potential investors and share purchasers who will in due course join the company when its success is more apparent and when such investor awareness building programs can be implemented. Because of our prudence now, we will have enormous leverage then.
It is exactly this timing gap that creates the opportunity for the rest of us at this stage to still acquire an interest in the firm at the current low valuation.
Sincerely,
Eric Lehner, CEO
WinningBrands.ca
Sounds like no takers to me!!
9,519 bottles of blank on the wall, 9,519 bottles of blank, take one down, pass it around, 9,518 bottle of blank on the wall.....bottles bottles everywhere....where's the return customer???
Right. Add Indian, China, et. al., to the mix, no further penetration or business....
Get ready for huge sell-off at eoy as people dump WB and take the loss for '09 IMHO.
9:10 a.m. no trades, no posts, no interest....
Okay, any takers that a Memo from EL is imminent?
Oh, I'm sure it's VERY SOON...LOL Or is it STRAIGHT AWAY in Canadian? Watch for another ad on iHUB to distract from "numbers on the 31st".
"....They are VERY BUSY!"
Nothing new here. They've been "VERY BUSY" for four years now...
Well said!! Here come the .007's...
Say what you want to say but it appears the WB staff are on the ball. They sent this tweet to Bubba the Love Sponge since he was going to the PRI convention: @BTLSRadio Hi Bubba. We hear you'll be at the PRI convention. It would be awesome to talk to you at our Track Moist booth!
Hats off to them for their prompt action!
They have plenty of time to do that since not much else is occupying their time...IMHO
Thank you. I kind of laughed myself...sadly true..
Yep so I would sell all now!!!!!!!!!!! What an IDIOT! Statement as we are growing more and more stores and ceo has said they are going to release!!!!IMO!
He also said he had Lowe's as a NA, and he was going to ship a major NA in April 2008....he said...WNBD definition of CEO - Chatty Eloquence Operative
·" We are working on the IIS for December 31st"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42508416&txt2find=December|31st
He didn't say what year, did he??? Good luck seeing that this year...
o.k., but why such a huge 504 in Nov? He raised 200,000K. Usually it's about 50K. Must be the Christmas bonuses.
Yep - and AWAY WE GO!! Seriously - you really have just GOTTA LOVE IT!! Thanks once again for all those HUNDREDS OF THOUSANDS of additional shares of WNBD stock at just $.0079 per share PANIC SELLERS!! Seriously - from the very bottom of my heart - THANK YOU!! THANK YOU!! THANK YOU!! and MERRY CHRISTMAS TO ME!!
thank Eric for the 504 dilution for it..the slide will continue IMHO
One hour in and 17,500 traded. Seems like everyone has lost interest in this "stock"...
Sent email to Mr. Lehner. He responded quickly and indicated it will be fixed "immediately".
Are you sure that wasn't "immminently"?
Only trade at 9:34..40,000 interest really waning here...
Here is a pre-view of an answer to your proposed question on 01/01/10 as to why the promised financial information was not released as promised in 2009...(from March 2009)
Hello Mr. Jsus Fan,
You pose several questions and they will be more fully addressed in a revised FAQ section in due course.
In general terms for now however, I can say this. A key challenge in my role is to manage expectations responsibly. There are two countervailing forces at work. On the one hand, shareholders (of any company) want to have good news and watch their company grow and succeed. On the other hand, ethical conduct of the relationship between the CEO and those shareholders is to not let their aspirations take perceptions beyond reality. Thus ironically, the responsible CEO should actually be quick to quell inflated expectations and in my view spend more time doing that than trying to promote the company’s perception amongst its shareholders. This counter intuitive situation arises from the fact that there is natural goodwill, enthusiasm and perception of opportunity amongst the individuals who make up the shareholder family. They view the situation through the prism of what can be, whereas management sees things through the additional corrective lens of practicalities that stand in the way of achieving the goals.
I have been consistent from the beginning by making it clear, in many ways and on many occasions – that we are still a start up. I deliberately did not forecast an elaborate calendar correlation to all the phases that a firm of our type is likely to go through. I have refrained from attaching a proposed year to each of the phases, although it was my target that we could move up a category in connection with the implementation of a U.S. national account about this time. In an exceptional example of honesty in this regard, the firm has been consistently described in the FAQ of having sales of less than $1 Million. I have always stated that the value of this firm to investors rests not in its current numbers, but in its potential to achieve a very desirable combination of high sales and profitability if certain circumstances come together. There are several good and relevant examples of firms whose primary brand has acquired the stature of household name and in the process acquired a sales volume even higher than estimated in the highest phase envisioned for Winning Brands.
Therefore, and this is the key point to bear in mind, the valuation of the firm depends entirely upon whether the valuation is based on what its current intellectual property (formulations R&D, trademarks, emerging listings) can yield eventually or instead whether the valuation is based on the conventional financial statement book value. The bottom line is that this firm has never been promoted as a suitable investment for persons wishing to participate on the basis of Winning Brands’ current position on financial benchmarks. Instead, Winning Brands is suitable for persons capable of sensing the extreme potential of its business model and can hold on for the implementation of same to materialize. I realize that this is an elite group within the world of investors because it takes tremendous personal judgement and self confidence. I have always believed, and acted on the principle, that unsuitable investors should be filtered out prior to ever joining this group through such frank characterizations.
The company is a Non-Reporting Issuer at this stage. This is a perfectly legitimate mechanism for early stage emerging enterprises like ourselves to exist as we work our way to a real lift off. Our business model is extraordinarily simple. Therein lies its appeal. With a relatively small number of operational staff, and subcontract production, we can manage a growing portfolio of distributors and retail accounts for eventual massive throughput of volume in a highly disciplined cost structure. Furthermore, it should be remembered what even one million dollars represents in actual consumer behaviour – and why the firm’s progress from a much lower starting point upward through the first phase is by itself noteworthy. In a very basic approximation, one of our products is now being purchased by a consumer somewhere approximately every 2 minutes during the extended business day, throughout the year. The U.S. market is still in its very early stage of development – thus this figure is only going to accelerate. These consumers are real people, many of whom are purchasing for the first time, and thus represent the start of new consumer relationships.
Our cost of goods sold is in the normal range for well managed manufacturing operations of approximately 50%, of the wholesale price, bearing in mind that our raw materials are of a higher calibre than the typical cleaners. Our formulations are highly concentrated and deliver terrific value to the consumer.
Therefore, to answer your question about valuation I will give you my opinion, not as an accountant but as an entrepreneur. The “upside” of Winning Brands is enormous. The “downside” is not significant because we have already demonstrated an ability to perform the 3 primary tasks: create and manufacture a terrific product(s) – develop a (growing) portfolio of retail partners – manage advertising/marketing programs that pull it all together to build brand awareness for heightened trademark value. On this basis, it is my estimation that we have much more likelihood of being successful than of failing. With the passage of time our chances for success improve because all our arrangements normalize. Suppliers learn to extend credit, staff learn their responsibilities, the bank learns about our prudence, customers learn about our level of interest in serving them; all these things are getting stronger continuously.
It therefore all boils down to the question of what a firm with all this potential is worth? Is it worth $7 million? There is not the slightest doubt in my mind that this is very low. The manufacturing/distributor/retailer relationships that are being put into place constitute a pipeline to the consuming public. This pipeline has a throughput capacity of more than the $100 Million+ characterized as the most advanced phase presented in the FAQ. The difference between Winning Brands and some other companies with this potential is that private companies are not accessible to investors who desire liquidity and public companies are generally either more advanced or merely shells. Thus, we are in that special zone of being “ripe” for something really good to happen that takes us up several orders of magnitude. The shareholders who will be the owners of the company at that time will own a very attractive money machine because it has been built from the outset to be resilient and sensible. As previously mentioned, that is the time for the firm to begin buying back shares from the market with the result that the diminishing number of remaining shareholders will own an increasing percentage of a highly profitable company. When a well designed profitable company with a good business model has money coming in systematically, there is no limit to the ways in which shareholders can be made to benefit. It has already been demonstrated through the behaviour of this firm that its management, and I in particular, are both driven to achieve this endpoint for the benefit of shareholders.
Ultimately, I refuse to “sell” this firm as an investment while it is still at this early stage. This is completely at odds to the conventional routine of CEO being cheerleader on a “dog and pony show” as it is referred to in the investment industry or hiring stock promoters to engineer massive buying campaigns. As a result, Winning Brands is rare amongst its junior public company peers by not being over promoted. There is a vast array of potential investors and share purchasers who will in due course join the company when its success is more apparent and when such investor awareness building programs can be implemented. Because of our prudence now, we will have enormous leverage then.
It is exactly this timing gap that creates the opportunity for the rest of us at this stage to still acquire an interest in the firm at the current low valuation.
Sincerely,
Eric Lehner, CEO
WinningBrands.ca
Now, you should have no further questions about anything WB does or will do in the future. It's all clearly stated in the above explanation...IMO
What do you think the effect of Eric releasing financials will be?
Absolutely nothing. The S/P will continue it's downword trend, there will be more dilution, there will be a five paragraph double-speak dance-around about how the promised "form" was not filed due to "negotiations" with "key" players in the industry and confidentiality, etc., etc., blah, blah, blah...IMHO
P.S. If you want financial info, you would have better luck asking Santa for it..
It's not how many stores order, but rather, how many stores RE-ORDER. No one knows...and never will.