Replies to post #167759 on Winning Brands Corporation (WNBD)

[doogdilinger]

lol dave...try reading my 1st post of this thread as that's exactly what I said ie: why should he sell any of the 162M restricted shares when he still has 2.8B treasury shares to dish out for free and can utilize the fact that he hasn't sold any of the restricted block as a sign that he's holding for the dream.

Never said or even suggested there was anything wrong with that in any of my posts on the subject...simply stated that it's a fool's game for any long to suggest that the only reason none of the restricted shares aren't being sold is because eric is holding them for the big pay day some day. Especially when reality dictates that he still has 2.8B treasury shares he can issue for free b4 even considering doing anything with his restricted shares glty

Original 100% on topic post on the subject below:

Post Date: 6/4/2011 2:39:22 PM in reply to 63887996 by just_an_ant
Board: Winning Brands Corporation Reason: Off-Topic
Eric and crew could only sell up to 1% of the total issued and outstanding over any given 90 day period over the past 5 years(standard requirement under Rule 144)...& only after the required 1 year restriction period had passed from the date the 144 stock was issued.

So the far more obvious answer would be...why would eric bother worrying about trying to sell any of his affiliate restricted shares when eric could far more easily simply sell discounted shares directly from the 5B available treasury shares!

Especially when according to the latest share count there's only 162M restricted shares to begin with...whereas there's still 2.8B treasury shares to hand out to discount funders as he sees fit.

So you're simply wrong to suggest that eric could've simply cashed out his millions of restricted shares anytime he wanted to over the past 5 years at much higher pps levels...when the fact remains that it's a heck of a lot easier to hand out free treasury shares than it is to jump through the hoops of registering restricted shares for sale...then abiding by the allowable tiny 1% of issued and outstanding percentage per 90 day period...which in the current landscape would be approx 20M shares over a 90 day period which would translate to less than $10K per month even if he did start registering restricted shares for sale.

Heck the O/S just jumped 100M shares over the past month alone...whereas eric could've only dumped approx 7M restricted shares in the same month if he dumped the same amount each month over a 90 day period.

So it's pretty easy to see why eric maintains the restricted position...and instead issues the treasury shares to whatever remaining funders he can find to take 'em.