Replies to post #129547 on Winning Brands Corporation (WNBD)

[solarflux2]

Lol, you just made my day.

Anything can end up being a scam,EVEN IF THEY HAVE AUDITED FINANCIALS.

Remember Enron? They filed "audited" 10k reports every year, but guess what? The accounting firm was in on the scam.

http://en.wikipedia.org/wiki/Arthur_Andersen

You have to be very suspicious of UNREASONABLY SUCCESSFUL companies like Enron, or more recently, Spongetech. Not companies on the BRINK OF SUCCESS like Winning Brands.

IMO, if a company is successful, but their balance sheet ACTUALLY MAKES SENSE, it is probably not a scam.

If they are successful, but their financials seem made up, or have fictitious clients listed in them, one can assume something fishy is going on.

It's best to use common sense when it comes to the financials of a company, audited or not.

If WNBD had posted 100 million dollar revenues in their IIS, I'd be suspicious. As it stands, I think the financials they provided are as accurate as the CFO could make them.

You see, it isn't always good to rely on authorities to certify things for you, because authority is prone to corruption. Whenever investing in a company, always investigate their financials yourself. A general rule of thumb - if something seems too good to be true, it probably is.

And whatever you do, don't base your opinions on what some guy posts on a message board.

And as far as the actual Revenue? A huge portion of those 5,000 stores were added in the last quarter of the year. They didn't have revenues from 5,000 stores flowing in all year - just the last couple months.