Winning Brands Corporation (WNBD)

[satter]

You articulating what I have been trying to say much better. This is, has been and will continue to be the major problem, the debt. There is other share debts of lessor amounts I am sure you saw. Not sure if those are discounted or not. The 25% ones means they are or can be dumped on the market affecting the value of shares investors hold.


On footnote 4. A legal Court process, WB legally is bound to pay off $300,000 at an annual rate of 60%. How did that happen.? The Court material/link was not disclosed. Over what period and what mechanism will it be paid off.? It mentions either a 3(a)(10) settlement or some other mutual agreement. Whatever it is, none are good for shareholders as it likely will involve discounted shares being dumped to raise the capital to pay off the debt. This is speculation but the filling discloses no more. There is a minimum of disclosure here probably meeting the bare filling requirements.


Perfume and or new tech acquisition announcements won't change this. The tech company lost its line of credit from the bank and was placed into trusteeship. We don't know the debt situation of the tech company. All we have heard is the large volume of sales it has done in the past.


Eric appears to be Ok running an OTC business with huge debt as he has found ways to pay that debt off like 3(a)(10) settlement that usually involves a reverse split. The company survives, maybe longer than it should, but at shareholder's expense.