Replies to post #236875 on Winning Brands Corporation (WNBD)

[satter]

What I see is he is going to own 51% of the new subsidiary company. I am waiting to hear the make up of who owns what of the 49%. Could be all Vincent, partially Vincent, and partially investors, he traded a percentage ownership for investment. He described a make up of existing management, employees, and former lenders.


Eric has said he is trying to acquire assets. Its not clear to me if he trying to acquire all or select IP, Patents. Sounds more like certain ones.


Your right about how long it could take. Comes back to funding. If he gets it, you could see earlier movement, if not, could be a long haul. My concern is added expense in the meantime. I caution the comment below about not dilutional to WB stock. For that to happen everything plan has to fall into place. With all good intentions, plans, forecasts often hit roadblocks. We shall see.

The subsidiary will be majority owned by Winning Brands. The minority interest in the subsidiary will be used to convey economic opportunity to existing management and staff of the Tech Division, its former lenders, and to provide an additional basis of financing for the Tech Division’s growth going forward that is not dilutional to WNBD stock.