Winning Brands Corporation (WNBD)

[Dennisb68]

I wouldn't expect much out of any deal that might come with WNBD. The CEO of WNBD can't even sell his own cleaning products, much less donuts and pies. He is a company of 1 emplyeee with no sales team. Since getting rid of his sales team he has watched company sales drop from over $650 down to $150K. To dress up last years financials he didn't take a salary so the company would show a tiny profit. Had he taken his normal salary the comoany would have posted it's usual loss.
And what happened after he posted those financials, he let them go delinquient again so there have been no filings for any on 2018. And if one thinks UHLN has been talking about a deal with Supreme Sweets for a long time, WNBD has been talking about it for over a year but it's been all talk and no action as usual. WNBD stock has only traded 1 trade in the last 12 trading days.
As far as Supreme Sweets, we know Mario has been trying to sell the business almost from the beginning with no success. We also don't know if the company has ever shown a dime's worth of profit.
Making a deal and making a good del are two different things. What we do know is that WNBD has had a horrible track record on making deals or attempting to make deals. The deal they make with BlauAire lasted only a few months and his LOI to do a deal with USBI also fell apart. Afterwards it was said that the deal with USBI would have been a disaster for shareholders so that tells a little bit about the CEO's of WNBD judgement on making deals.
This whole thing with Supreme Sweets has played out so long that I expect very little fanfare when and if it actually happens.