Winning Brands Corporation (WNBD)

[satter]

I can't agree with what you said. If WB acquired a majority of GT Health Inc, than it acquired its majority of debts/liabilities that GT Health Inc. has. If GT Health Inc has loans for example to pay and WB owns 51% of it, its on the hook for those loans or at least its share of them. For non payment of those loans, if they have any, companies can go after WB. He announced WB is the majority owner. Not an asset purchase where he is just purchasing assets. Eric in my opinion open up a can of worms with that announcement. But no one on Twitter will care or notice. Before it was a joint venture partner and and majority vested interest to now a majority owner. From his last financial filing.

Winning Brands was (and still is) a joint venture partner of GestureTek Health (GTH) - a company related to GestureTek Systems (but not directly subject to the proceedings)

The effect of the acquisition will be to also leave WNBD with a majority vested interest in GestureTek Health.

He should clear that up. You say he does not play with words. I beg to differ. Its confusing. Why can't he be straight to the point.


On your list of bankruptcies that came back I already explain those companies filed for chapter 11 that allows them to restructure and try to come back. GestuterTek systems Inc did not file for bankruptcy protection, they were forced into permanent bankruptcy by the bank.


Now GT Health Inc was not petition into bankruptcy. It is my opinion that it is likely in financial problems, perhaps serious for reasons I already stated. This could be confirmed one way or the other if Eric would release their annual reports for 2019,2020, 2021 and if you really want to know then you should encourage him to do so. If you don't care then its a non issue for you.


To come back from whatever financial position its in, not bankruptcy per say, for me still comes back to Eric's ability to fund, attract the financing to do so. That was the problem for GT, was lack of funding. If they were able to get backers we would not be having this discussion.


Eric mentions always the additional sales that will be added to WB that he did not have before. That is true, but its half the story. He also will have additional expenses, additional cost of operation, additional loans, additional debt from the loans, Etc