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Alias Born | 02/24/2018 |
Saturday, October 19, 2019 6:36:31 PM
Here's the story of what's going on with this company right now:
Winning Brands has reached financial break-even status as a company, but they don't yet have all the extra funds available to hire an accountant, attorney, and pay OTC Markets the fees to become current. It'll take a little more time for that. The company will need to raise an extra $50k for those things.
The CEO has been putting all the company revenues directly back into the business to keep the company sustained, growing, and expanding. He views this as the best use of funds right now, which I agree with. His focus has been on expanding his cleaning products business, as well as partnering with new companies for new joint ventures. These new joint ventures will bring in new additional revenue streams for WNBD, on top of the cleaning products revenues. The CEO has been accomplishing these things without any dilution to shareholders. He has acknowledged that WNBD doesn't look good on the surface right now, but that patient investors will be rewarded in time. He's actually fine with the stock being at 0001 right now, because it puts the company in a good position to do a share buyback when funding permits.
The CEO is currently raising money and offering a high interest rate to investors who invest with the company privately. This capital raise will be used to get the filings up to date and get the company current with OTC Markets. These private investments will not be converted into stock, which means shareholders won't be diluted. These investments will be paid back with company cashflow over time with a high yield for the investor. Here below is the direct link to the company's website, where the private investment opportunity is advertised. This opportunity is only for a limited time. Once the CEO receives all the funding he needs, the opportunity will be gone.
http://www.winningbrandscorporation.com/investor-relations.html
$WNBD
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