Replies to post #52362 on Winning Brands Corporation (WNBD)

[extra]

wnbd has 10 MILLION PREFERRED SHARES ...

Here's the Proof ;
Directly from the ibox link + wnbd's own website :

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Q6: Are the primary shareholders 144 Stockholders? How much stock is held by insiders and institutions? How many shares are in the float?

A: A: As at September 15, 2008 the “float” of free trading common stock of Winning Brands Corporation is approximately 696,511,641 shares. These are the only common shares available for trading. This is because approximately 150 Million of the 846,511,641 Million issued and outstanding common shares are still restricted from trading under "144" provisions and not in circulation. These restrictions no longer expire automatically in the 1st Qtr 2008 as they would have originally according to their issuance in 2006 because of new regulations pertaining to the conversion of restricted “144” shares. These new regulations, which are still being evaluated, may have the effect of prolonging the effective restriction period indefinitely and preventing their conversion into free trading shares at all under the company’s current registration status. Most of these common shares are held by company management, employees and co-founders who are still with the firm. Management is not aware of an intention by any of these holders to presently pursue a conversion of their restricted holding. 5 billion common shares are authorized and 10 MILLION PREFERRED SHARES; the Preferred Shares which WERE provided for in the 2006 Agreement of Merger and Plan of Reorganization between Winning Brands Corporation and Niagara Mist Marketing Ltd should also be treated as ISSUED, although they are not tradable in capital markets in order to protect the financial interests of common shareholders. The Preferred shares have the effect of providing continuity of VOTING CONTROL by the founding group of Niagara Mist Marketing Ltd since the reverse merger of Winning Brands Corporation with Niagara Mist Marketing Ltd in 2006. This is further referred to elsewhere in the FAQ. The reverse merger was announced in the company’s News Release Number 1 in April 2006.

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So ; THERE IS ABSOLUTELY NO DOUBT .
wnbd ADMITS TO HAVING 10 MILLION 'PREFERRED SHARES' ,
SINCE 2006. And, the have "Voting Control" ; Which means ,
they could vote for anything they want ; without even
informing Any Common 'share'holder.

The Only Questions Are :

1] WHO OWNS THEM ? and ,

2] HOW MANY VOTES DOES EACH 'PREFERRED' GET ?

Our 'guess' is that Each Of The 10 Million Preferreds ,
owns At Least 100 'Votes' ; For a Total of 1 Billion Votes.

Possibly , up to 400 'Votes' each ; for a Total of 4 Billion.

Which 'explains' [to shorters , at least] why wnbd Must Have
5 Billion 'Authorized' common 'shares' ; And , why wnbd stays
pink , for many years ; so that it can refuse to disclose
these MOST BASIC OF ALL DETAILS , THAT ALMOST ALL REAL
INVESTORS , IN ALL REAL STOCKS , DEMAND TO KNOW , BEFORE
THEY WASTE 1 PENNY.

extra , Sincerely .

P.S. ; In view of the Partially Admitted 'Share Structure'
of wnbd ; we would caution wnbd long common 'investors' ,
to Not dump too many eggs into this bucket. IOO , the
danger is much less for shorters ; as has been proven ,
ever since the January 2008 pump&dump , which continues
to this day , at least. wnbd is already down more than 90%
from it's pump peak , in less than 1 year. Even the average
pink takes a full year , to lose 90%.

[Soapy Bubbles]

Going to have to wait a bit :)