Winning Brands Corporation (WNBD)

[satter]

Yes likely more, a pattern. And when I posted the bankruptcy doc, real and legit, on twitter, the intent was to attack, rally others too, so no one would dare try posting another doc again.


I think you knew with some here they would choose not to believe it, even know there are documented cases of it. Maybe with the documented cases you decided to then share what happen to you and the others you know.


It does not surprise me. In the Pearlman case you can see where Eric is borrowing off Pearlman to pay off another loan so once that starts there's a chance there is more borrowing to pay off others loans.

[44] On November 13, 2017, Mr. Lehner provided Mr. Perlman with a loan document for a $15,000 loan to the Defendants, stating that the document had been prepared in the event Mr. Perlman decided to proceed with the loan. Mr. Perlman was hesitant to loan more money to the Defendants after he learned that his loan would be used to repay another loan. He was concerned that the Defendants had additional outstanding loans that had not previously been disclosed. He therefore emailed Mr. Lehner on November 14, 2017 expressing concerns and asking for information about other outstanding loans Winning Brands may have:

[I]s there any repayment penalty in the agreement if due date is not met? If not would you be open to some agreeable repayment penalty clause? Trust me I prefer no default but was a bit concerned after learning the $15k loan is to be used for not defaulting on another loan. I worry what would happen if that situation applied to me because of some delay from a buyer on an order. I hope you don’t have too many outstanding loans to be paid back from others? Perhaps you could disclose where you stand with that.