Replies to post #239111 on Winning Brands Corporation (WNBD)

[satter]

I do recognize the long history. I think others should pay more attention to it. He has talked or announced other projects that never really happened. This one ( Acquisition ) did. Are you not a bit surprised. At first, I said where is he getting all the funds for this. Its my opinion, either was misleading or confusing on what the acquisition really was. Some inexpensive assets from a bankruptcy is what it appears, unless there is some other financial arrangement between him and Vincent.



Ironically look what he himself wrote on his blog about Acquisition.

Joint Venture vs Acquisition

There are many OTC companies speaking of “acquisitions” as a path to growth. This usually involves share issuance because cash deals (for anything worthwhile) are rarely possible. These acquisitions often introduce complexity where it is not warranted. Managing subsidiaries (some of which have their own secondary subsidiaries) is only worthwhile when there is a good legal reason or there is plenty of money flowing. Without those conditions, it adds to the cost and complexity of financial reporting, governance matters, tax filings, etc. Therefore, Winning Brands’ joint venture strategy is based on earning an ownership stake in unusual business opportunities, rather than “buying” companies, with all that this entails.

The purpose of owning a company or a piece of it is to gain the benefit of what it is doing. Joint ventures can be designed which still allow us to share in the benefits of an intriguing opportunity without the attendant cost, complexity and liability of buying companies, per se. This strategy is also less dilutional, because without deep pockets, acquisition of a company will involve stock issuance.

Winning Brands’ current joint venture strategy is not based on stock issuance. Instead, it is based on designing partnerships of effort wherein Winning Brands provides an ingredient to success that combines with contributions by others that makes something become better than it would otherwise have been. Winning Brands has a broad base of publico experience and business connections to be harnessed with new initiatives.