Mar23
Shareholder Question: Trading Volume
Uncategorized
by Eric Lehner
QUESTION
Hi Eric, any reason for the volume of over 300 million? The message board kind of implied that the volume was a sale by you. If this is the case would you care to comment? Thanks
ANSWER
I do not know who the buyers or sellers were on Friday. Winning Brands does not sell to the market, and therefore is not one of the sellers. Over the past 90 days, the number of shares traded is 1,267,613,096. This is approximately 3 times greater than the maximum total dilution that would have been possible, even if all authorized shares had been issued at the beginning of this period, which they were not.
Trading volume in WNBD has always greatly exceeded the number of shares entering the market through third party debt settlement or Regulation D, Rule 504 investment retirement.
Many people in the penny stock environment have eventually come to know Winning Brands. It’s clear to most that we are a hardworking, legitimate business that is striving for a stated goal. Some people think that it is impossible that we will accomplish it, either because of my shortcomings, real or imagined, or for other business reasons. Other people feel that our commitent and spirit is a characteristic of success stories, and we will ultimately prevail.
I have no doubt that two high energy activities are occurring simultaneously at the moment: high energy liquidation by those who want to get out while they still feel they can and high energy purchasing by those who feel that our path forward includes unforeseen positive outcomes that make us a good speculation.
We have always been clear in stating that we are in the highest risk category of investment but that we are working with a great attitude to achieve a tremendous goal. That’s not a mixed message – it’s the way the world really works – the most spirited people and companies strive toward challenging and meaningful objectives. By virtue of these challenges, many fail, but not all. The speculative investment marketplace exists for situations of exactly this type. If we fail, there will be skeptics happy to say “I told you so”, and if we succeed, there will be good people proud of the accomplishment. In the meantime, the devotion of our skeptics to tirelessly alert all parties to the risks and perceived shortcomings of this venture has ensured that no person can possibly be unaware of the risks.
For the record, by way of guidance, it should be anticipated that the full extent of the Authorized Share Limit will be required to address orderly debt retirement, by the end of Q1 reporting period..
