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Re: QualityInvesting post# 221429

Wednesday, 05/16/2018 10:26:14 AM

Wednesday, May 16, 2018 10:26:14 AM

Post# of 241026
It's actually pretty pathetic. This is NOT a start up company. It's a 12 year old company that can't even afford to file it's financials on time despite the fact the CEO doesn't even take a salary. For years it fell behind on it's financials and finally got caught up on them the end of 2017 and in the very first Q of 2018 it's falling behind again.
How can the company acquire new joint ventures when it is too broke to even file financials? He is broke and has absolutely NOTHING to offer another company?
Even if he made a deal with Supreme Sweets what would that do for WNBD? Has Supreme Sweets ever shown a profit? If so why has the owner had no success in selling the company? If companies like Supreme Sweets and DAZZ were making any money they wouldn't need a partner like WNBD that has absolutely nothing to offer them? Is Eric going to offer them his expert advice on how run a company for 12 years with no success? 12 years on unbranded products that 99.9% of the population has never heard of?

Remember that when someone tries to convince you to buy or sell there is something in it for them. It's not because they are concerned about your investment.