Replies to post #236360 on Winning Brands Corporation (WNBD)

[doogdilinger]

Except Eric just tweeted that no debt whatsoever was involved in WNBD's acquisition of the GestureTek assets!

[doogdilinger]

And there's only 1 way to raise capital in a pubco, that's by issuing shares...otherwise Eric would have zero reason to be running this public company in the 1st place...he'd just do the GestureTek asset acquisition and simultaneously take WNBD private.

[satter]

GestureTek is also a respected company, so there will be trust in them.

Yes and no. Yes for the fabulous technology they developed. No for the bankruptcy with creditors losing & getting pennies on the dollar. That part is some lost trust. Its unfortunate. Eric is likely its going to have to provide that information to potential lender/investors as they will seek financials. Its not a deal breaker, the loan is coming from WB but it might go to risk factor.

I do believe GestureTek is respected, a long run since 1986. Little in the way of litigation that I could fine, clean. If you read, I try to be fair and not all one way. And I do hope it works.