Replies to post #225679 on Winning Brands Corporation (WNBD)

[QualityInvesting]

It's been explained many times that bank loans for micro-cap companies require collateral to be put up by the company.

Yes, the CEO could get a bank loan, but the collateral that the bank requires to give that loan, would wipe out all shareholders.

The CEO doesn't want to wipe out his shareholders, so he's trying to obtain funding in a shareholder-friendly way.

For some strange reason, some shareholders don't appreciate the CEO's kindness in this matter. If the CEO wanted to, he could've wiped all of us shareholders out already.

$WNBD

[DrHarleyboy]

That's absolutely true! Buuuuut, because Eric has rund WNBD into the proverbial toilet, his company has "no collateral" because it obviously doesn't produce results!

He must have ZERO cash on hand, and ANY bank that has looked at value of the company is likely laughing.

He hides behind the guise of being "benevolent for the shareholder" by trying to solicit personal loans because OBVIOUSLY he cannot even get a bank loan.

The ONLY Colateral Eric ever had was his $140k house from about years ago; they don't make anything, they have no office, they have no quantifiable assets and haven't even produced an UN-AUDITED Financial statement since 2018.

Who the Hell WOULD lend this worthless guy money?????????