Replies to post #234624 on Winning Brands Corporation (WNBD)

[satter]

You might have researched and reached a conclusion but you reached the wrong one. This tech company was not in talks with another company last February nor was on the verge on going Public. The other poster was closer to the truth. This tech was acquired in exchanged for consulting services. That along speaks volumes as to the possible financial status of the tech company. One could speculate WB heavily in debt, is acquiring another business heavily in debt. Just recently the CEO of WB stated he was trying secure purchase order financing.

[DrHarleyboy]

I never said they "filed" bankruptcy, I said they were likely "near" it, ESPECIALLY if they are willing to join with Eric, the worst CEO in the game for over 10 years as his shareholders have lost 99.5% of their value since inception.

They lost the LOC from their bank and placed into trusteeship. This doesn't happen to a healthy company, but hey, good luck.

Billions more shares will diluted to facilitate their debt, which will now be WNBD's already large enough debt.