Winning Edge International, Inc. (fka WNED)

[getrichordie]

From the SEC filings:
http://www.sec.gov/Archives/edgar/data/924396/000136177307000031/winningedgeschedule14cbetbro.htm

For example:

"Future Operations
We will be terminating operations and will not be in business following this asset sale. At this time, we do not know if shareholders will receive any proceeds from the asset sale and no distributions will be received by shareholders for at least eighteen months.

And:
"While there is a substantial likelihood that shareholders will receive nothing as a result of the asset sale to Betbrokers"

Worse:

"Will there be any funds or shares of Betbrokers to distribute to Shareholders?

At this time, we have to pay existing obligations before any shareholders can receive any payments. Presently, we do not know if there will be anything left to distribute to shareholders. We are hopeful that we can pay the existing obligations and still have some funds to pay to shareholders, but the amount, if any, is unkown, and may not even be as much as our current share price. Because of our need for cash to pay debts, we will enter into an agreement to pledge the shares of Betbrokers as part of a loan for up to $2,100,000. The loan will be repaid through the sale of Betbrokers stock. The proceeds of the loan will be used to pay existing obligations, repay advances from Betbrokers and fund current operations during the transfer of business to Betbrokers. The loan is necessary since we have to have cash at closing to pay off existing debts which are secured by our assets and the agreement with Betbrokers limits our ability to sell the stock of Betbrokers for a period of time."