Winning Brands Corporation (WNBD)

[Serenity]

After a quick read here are a few things I jotted down...

-Financing line of credit - if it happens it won't happen till maybe Q2 or Q3.

-33% in "reduced costs" -

The savings of $111,733. is primarily due to the result of reduced outlays in advertising and promotion, facility and storage costs, management and staff compensation , relocation costs, vehicle and travel.

-Home Depot US and Lowe's US continue to tell them they are a "contender".

-US Navy Depot going active has been delayed due to unknown reasons.

-Approval by Dept. of Defense (DOD) EMALL registration has been delayed till Q2 or Q3.

-At the bottom of page 6...

In the opinion of management with current infrastructure, if debt were repaired or converted to equity, approximately $2,500,000 - 3,000,000 in sales at 40% gross margin would be required for the company to achieve reliable self-sufficiency.

Finally...

-Loss of $253,797 - down from the 1st quarter last year which was $379,257. (I also compared number to Loss for the last 3 months of 2011 at $102,574).

-Sales - $128,107 - up from the 1st quarter last year which was $104,114. (I also compared number to Sales for the last 3 months of 2011 at $219,473).