"Where did you get your $123,000 revenue number?...LOL"

I was being generous and doubled the deduced revenue numbers as presented in the 1/2 truck load PR

excellent trade 2 cents definitely was the selling point.

I'm trying to get a handle of what WNBD stock should be valued at. Currently we have a sp of about $.0156 and let's assume the OS is still 1,233,837,353 that gives us a market cap of $19.3 million.
We know revenue is less than $1 million and more than maybe $60k. Is a company with revenue of $60k-$1 million worth $19.3 million? I think a ratio of 1:1 revenue to market cap is more realistic. I'm generous and assume that next years revenue will be $1.233 million and there will be no dilution (we already know there will). $1.233 million/ 1.233 billion shares = $.001 for a realistic share price. Anything below that could be a cautious buy. If revenue is only $123k then $.0001 would be a fair value IMO, but that would be a bad buy then because of the toxic dilution. Let's hope Eric publishes real numbers so we don't have to guess anymore.

I think we will see .001 in a few months.

Ooops did I just read that correctly:

"This initial production was earmarked for use by Home Depot Canada to fill new custom metal aisle display stands of Winning Colours® Stain Remover for testing at 100 stores; a merchandising concept requiring 9,240 32oz bottles."

The whole Home Depot Canada experience is a 100 store test? Didn't someone say the Canadian market was saturated with WNBD products that is why they expanded to Australia? mmmh. Anyone know how the testing turned out? I didn't see any PR on the subject.

That estimate is pretty good, I could have been right all along and they sold less than $91,938.00 since December 27th 2007. That's about $60k/year. Hopefully we see another production run soon. Of course Surefil went bk (no surprise) so someone else has to be the supplier this time

Posted by: crashman Date: Thursday, June 04, 2009 9:11:02 AM
In reply to: Harleyboy who wrote msg# 80395 Post # of 96092 [Send a link via email]
Here it is, been longer than I thought:

BARRIE, ON--(MARKET WIRE)--Dec 28, 2007 -- Winning Brands Corporation (Other OTC:WNBD.PK - News) www.WinningBrands.ca reports that initial production of its Winning Colours® Stain Remover was blended on schedule and without incident at the previously announced new manufacturing facility in Grand Rapids, Michigan in December as forecast. Surefil LLC of Grand Rapids, Michigan www.Surefil.com, a top rated custom manufacturing facility, was able to produce the first 1/2 truckload batch on December 27th in a fraction of the previously required time, for packaging January 2nd and delivery to the distribution pipeline during the first week of January. This initial production was earmarked for use by Home Depot Canada to fill new custom metal aisle display stands of Winning Colours® Stain Remover for testing at 100 stores; a merchandising concept requiring 9,240 32oz bottles. The M.S.R.P. value of these bottles to consumers is $91,938.00. Other stores to be announced in due course are also testing a smaller number of these new merchandising displays.

"We could be right under $1,000,000 and ready to pass it with a USA order, but he still cant put it."

Or it could be $65,080. $65k from that week when they made a sale and $80 from shareholders that ordered product to make cleaning videos and sneak a couple of bottles on Lowe's shelves.

Last time SPNG went on the REGSHO list, is it naked shorting or dilution (my bold)?

BUYINS.NET: STEC, NGNM, SPNG, BHKLY, NHYDY, PUBGY Have Also Been Added To Naked Short List Today

Thursday , August 14, 2008 09:16ET

Aug 14, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: STEC Inc. (NASDAQ: STEC), NeoGenomics Inc. (OTCBB: NGNM), Spongetech Delivery Systems Inc. (OTCBB: SPNG), BOC Hong Kong Ltd. (OTC: BHKLY), Norsk Hydro ASA (OTC: NHYDY), Publicis Groupe S.A. (OTC: PUBGY). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
(omitted)

Spongetech Delivery Systems Inc. (OTCBB: SPNG) engages in the design, production, marketing, and distribution of hydrophilic polyurethane sponge cleaning and waxing products primarily for vehicular use in the United States. The company utilizes patented technology relating to sponges containing hydrophilic, which are liquid absorbing, foam polyurethane matrices. Its product portfolio comprises specially configured sponges containing an outer contact layer and an inner matrix; children's bath foam sponge with a safe mesh coating, which prevents tearing; and household cleaning sponges infused with anti-bacterial bath and kitchen soaps. The company was founded in 1999 and is based in New York, New York. With 196.29 million shares outstanding and 491,700 shares declared short as of July 2008, there is a failure to deliver in shares of SPNG. According to quarterly data provided by the SEC, there were still 35,907 shares of SPNG that were failing-to-deliver as of September 28, 2007.

(omitted)

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 2,100,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

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All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.

BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. SPNG has previously paid a $995.00 data fee to BUYINS.NET. Market commentary provided by Thomas Ronk.

BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

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Mmmmh, wonder where that '1933' rumor originated. I repeatedly asked/searched for evidence that SPNG is a '1933' company only to find out that such a thing doesn't exist on the OTCBB. BTW, I have seen that argument over a year ago.

yes, 8k is only one month - 4 days late. They probably filed it after the SEC inquired about it. (Others and myself inquired the SEC about it). Of course SPNG is a 1933 company and can file something whenever they feel like it or never, whatever is most convenient

yes, all good news LOL, let's slap the ask! Good luck!

What do you think Eric will tell you? I think he will tell you exactly what you want to hear.

IMO Eric is not the worst of penny stock CEO's, at least I can't see any obvious lies coming from him. He does however hide facts and manipulates the truth to help his cause. IMO

Eric has to make his mark next to the column that tells the truth. I'm sure he would love to mark the 'over $100 million' column, but that wouldn't be honest.

Rocketstocks,
"For each 1,000,000 bottles sold in Canada = $4,000,000 revenue for WNBD."

Nice try , but we now know for sure that revenues over the last year were less than $ 1 million just like the previous year.
http://www.sec.gov/Archives/edgar/data/1114898/000111489809000008/xslFormDX01/primary_doc.xml

Interesting that every year shareholders subsidize Winning Brands with $1 million, more than the entire revenue of the company. Does that justify Eric's salary? I have a feeling that Scupscup works harder for the company than Eric does.

Mustang66,
"That 504 from initial filing is a year and a half old."

From todays filing, brand new Form D:
Issuer Signature Name of Signer Title Date
Winning Brands Corp Eric Lehner Eric Lehner Chairman and CEO 2009-07-28


Revenue Range
X $1 - $1,000,000

Watch out below, .16 distant already

LMAO

LOL, they sure paid every 'sponsor' in every nuke and cranny of the internet.

"BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. SPNG has previously paid a $995.00 data fee to BUYINS.NET. Market commentary provided by Thomas Ronk.

BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

Yes, from the company 504, total revenue is < $1 million. They sell in Canada, USA, Australia - you do the math

"Actually, they started in Canada, which is pretty much completely saturated now..."

Really? That would not be a good sign. If Canada is saturated with sales worth a few hundred thousand $ in revenue at most, then there is not a lot of opportunity in the world markets for this product, I would say.

That's great, I too believe that building a company like Winning Brands is best done by starting as far away from home as possible

So why didn't they just decrease the A/S instead of PR'ing that they will reduce the RS? There is nothing other than a possible large O/S that prevents them from doing it immediately. And why don't they reduce the A/S to 723 million if that is the O/S?

That's the problem, nothing they do matches what they say and nothing they say makes any sense.

I'd say the PR is misrepresenting facts of the company! Why did they not file the increase to 2.56 billion shares and why did they not quote that increase in the PR? They forgot? Yea right!

"again, who cares about the A/S at this point?"

It's not TavyCal that made an issue out of the A/S count but it is the company:

"As reported in the Company's 8-K filing on May 26, 2009, SpongeTech® amended its Certificate of Incorporation to increase its authorized common shares from 1,800,000,000 (one billion, eight hundred million) to 2,000,000,000 (two billion)."

what happened to the increase to 2.56 billion?
Instead of announcing :"the OS currently is..." or "the A/S currently is..." they keep announcing old filings. Why do you think is that? I think it is to deceive shareholders.

"(OTCBB: SPNG) is pleased to announce that the Company is taking action to amend its Articles of Incorporation to reduce the number of common shares that the Company has authorized to 900,000,000 (nine hundred million) shares. "

Instead of making big announcements, why don't they just do it? ... I'm waiting

someone mistyped and put an order in for .004 instead of .0004 - promptly got filled.

from $1.10 to $.0005 in two months, not bad. Dollar volume is not really going up much.

good point, ungagging the TA would raise their credibility level tremendously (if they are not a scam) and choosing a reputable auditor together with prompt and complete filings would help them as well.

FTD's are exactly what they say they are: failures to deliver. It says that shares that were sold have not been delivered in the allotted time period. There can be various reasons for that, all of which fall under the category of speculation. Some speculate that it is 'institutional' short sellers.
I speculate that those shares are just late because they were newly issued.
Speculating further, perhaps they are late because the broker has difficulties to verify the opinion letter of those certificates.

Because there can be delays when shares are delivered from the TA to the Broker and verified, which then triggers FTD's.

Why would there be a margin call if it is naked shorts? You can't have it both ways. For the last year I have been reading about the massive naked short positions in SPNG. When I posted that naked short positions would trigger FTD's as a necessary condition, I have been told that RegSho doesn't work. Now that the company is on RegSho, everyone assumes it is due to naked shorts (discarding all the previous theories) and everyone gets all giddy. I don't see how that could be a good thing if it is the case. If SPNG gets of the RegSho list (and it will), will that be a bad sign and a sad event?

FTD (failures to deliver) means just what it says. It could be naked short selling, but chances are that someone is just late with delivering shares. This happens especially when a company issues trade-able shares to various entities for sale in the open market. We shall see.

Wasn't someone asking about this WNBD vendor a few days ago?

Posted by: sambo11 Date: Monday, July 27, 2009 5:51:54 PM
In reply to: None Post # of 214432 [Send a link via email]
The Canton Hacketts store closed down officially today.

Sad to see it go.

I think if P&G was to acquire a Sponge company they would go with someone like Rynel rather than Spongetech. Rynel has bigger facilities, better patents and a better reputation IMO

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39899034
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39899195

The whole thing raises a ton of red flags. We can believe they have $250 million in orders, we also have to believe that Sponges can be made from thin air.
1. RME consist of the same people as SPNG mgmt, namely a CEO with a recent personal bankruptcy and a CFO with a pink sheet background as well as the newest member with a recent penny stock bankruptcy experience.
2. RME already bought $ millions of shares at huge discounts where is the money coming from?
3. I do see the shelves of CVS stores fill with sponges, yet I still have to see one person buying the sponges, who is not a shareholder or SPNG promoter. The Sponges I see almost every day certainly are not flying of the shelves.
4. Considering the YO-YO behavior of the O/S and the climb of the A/S, I have to wonder if RME is trading SPNG stock in the open market for gains?
5. Still so far nobody has been able to identify/verify any of all those foreign vendors selling Sponges in Europe, Dubai, Russia or the Sea of Tranquility.

look at OBV, selling prevails! This can get ugly in a hurry IMO

Well, it is consistent with them not filing the previous A/S increase. I wonder if:
a) we see the A/S reduced in the next few days
b) see an 8-k filed to that effect

problem is, you never know which way these reports go. I just happened to be long FAS

No, short interest is 470,173 last reported. Goto OTCBB.com to verify.

Perhaps, but the problem is that there are so many other red flags. Every time someone discusses one red flag, two more just pop up, just like the Rynel/Hydrophylix patent, which IMO is prior art to the H.H. Brown patent.