Winning Brands Corporation (WNBD)

[Dennisb68]

In case anyone is wondering why sales have dropped by some 80% over the last 4 years it's partially because Eric decided he didn't need a sales team. In fact he doesn't need anyone because the company doesn't do anything. They make nothing, they package nothing, and they ship nothing. All their products are made by someone else and the Winning Brands name and logo are put on the bottle, packaged and shipped out all be a company in Michigan.
And since Eric discovered long ago there is much more money in selling diluted stock than there is in selling cleaning products he had no use for a sales team. WNBD is a company with 1 employee. Just like the kool-aid stand on the corner that serves Eric's favorite beverage.
Since the company began in 2006 total sales for those 11 years amounted to well under $3 million. But the value of all the diluted stock over the same period is over $13 million. So Eric dilutes over $4 worth of shares for every dollars worth of products he sells.
Of course to keep that game up you have to do an RS now and then because you quickly run out of AS shares to dilute. But hey, that's at the cost of shareholders so who cares, right?