Through this SEC Form C, SunState Laboratories, Inc. is looking to raise money. I'm assuming that money is needed to increase DAZZ product production and expand store shelf presence worldwide. The amount they are seeking makes sense for what their goals are.
The shares offered are for SunState Laboratories preferred stock, which is completely separate from Winning Brands' shares. Our WNBD share structure and share value is not negatively affected in any way by what SunState Laboratories is doing.
Winning Brands handles their joint venture partnerships differently than the average company. The WNBD CEO is an outside-the-box thinker. Instead of the WNBD CEO diluting shareholders to acquire companies the "conventional" way, he instead works out mutually beneficial deals with companies, where Winning Brands does the work and supplies the needed connections, in order to earn a share of the other company's profits.
The WNBD CEO likes to use the term 'sweat equity'. He earns joint venture partnerships through problem solving and working hard for them. This is a very beneficial strategy for us WNBD shareholders, because it means we don't get our share value diluted, but we will still get to reap the future rewards of the shared revenues from those other companies.
With all that said, I don't know what the current relationship is between SunState Laboratories and Winning Brands. The last time the WNBD CEO mentioned DAZZ, he said the relationship was pending financing and had some moving parts. It's quite possible that it was the WNBD CEO who put together this Form C fundraising strategy for SunState Laboratories, although I cannot confirm.
I'm sure we'll get a weblog update from the WNBD CEO in the near future. If DAZZ is still involved with WNBD in any way, I'm sure he'll share the information that he's legally able.
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