Winning Brands Corporation (WNBD)

[satter]

WNBD is organizing a private placement (PP) into GT to enable GT growth

So let's start off with the positive news. If this is true & happens, than it's positive as Eric needs funding badly. There's no details, typical, so don't know what amount they are seeking or hoping to raise, what is the rate of interest, is there a percentage of ownership in the company for the investor(s), secured by collateral ( unlikely there is any to be secured with )

I suspect funding if received, would go to pay off that $300k+ loan at 60% interest that is a drainage vacuum.

I currently do not see much GT growth available with what Eric is proposing. The Grocery ad project I don't see. Metaverse requires millions upon millions, its not happening as far as I am concerned. And the GT market though it exists, is just not that big as Eric hypes, all of course my opinions only. There is nothing stopping him from the last 7-8 months from selling GT product/installs and it's just not happening the way he said it would. Maybe one could argue lack of marketing is hold back some.


Anyway getting funding if it happens, is positive.

Arrival of GestureTek subsidiary provides WNBD with an additional valuation basis

So this is how Eric rationalize his IP GT Tech allocation asset valuation of $1,457,009









Ok to me this is as phoney as a $2.00 bill. You don't take some old previous investment and than say 85% of that investment is what my Intellectual Property is valued at. That's ridiculous. It's simply not done that way.


One way is what is the stream of income attributable to the intellectual property based on the historical earnings and expected future earnings. Considering GestureTek systems Inc went Bankrupt, GTH had to be rescued, historical earnings likely are not much and Eric's future expected earnings is Bs.

Besides Eric just paid to have the IP ownership transferred to WNBD. It was valued less than $1,000.

The receiver was to have the assets appraised and than sold to WNBD. So what was the IP assets valued at ? And why isn't Eric using that valuation? Instead he is using a method he dreamt all by himself that inflates his assets.