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Monday, December 05, 2022 3:40:16 PM
The new GestureTek subsidiary will, on the basis of an inevitably substantial valuation, be accepting a large dollar value minority investor infusion in order to stimulate GestureTek’s revitalization and growth. A portion of this infusion will flow through to Winning Brands as advance royalty payments under licensing from Winning Brands, as well as reimbursement to Winning Brands of certain early costs incurred, and will ultimately include profit sharing pari passu with other GestureTek stakeholders. This flow through will benefit Winning Brands creditors and shareholders, both.
Here you can see Eric has no clue what he is doing. He (Eric is saying this, NO BROKERGAE FIRM) is solely relying on numbers from the 2011 sales of GT's BEST ASSETS as to how he THINKS remains of the receivership GT will be valued.
Eric must think investors are completely naïve to believe whatever is left after the receivership will be worth anything remotely close to what was the peak of 2011 asset sale.
Anyone investing in this hornswoggle is going to be funding WNBD's little trips for the next few years, Vincent and Eric stand little, if ANY chance of getting the valuation they believe will happen.
What a complete FARCE.
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