NO REVERSE SPLIT !!!
Nov 23/11The last thing on our minds would be to prepare for a Reverse Split. There is absolutely no connection between our correspondence and a Reverse Split. Our preference has always been, and remains, natural reduction of the O/S again, in due course. Even when surplus cash from operations is not available, this can be accomplished through special, non-toxic, financing for repurchasing shares and reducing float. Bear in mind that if/when Winning Brands is registered with the SEC, it will be possible to raise funds from increasingly “senior” sources at lower risk discounts.
Oct 28/11A reverse split is predicted by critics because that “solution” is standard operating practice amongst firms that face similar circumstances to ours. Winning Brands has demonstrated a desire to be “a cut above” its peers in its relationship to shareholders, its willingness to work hard to achieve a simple and sound business plan and document verifiable operating progress.There are more possibilities when it comes to financing prospects than just the “standard operating procedure”. Have critics been examining what special offers a company can make to its existing shareholders? Have they been considering what the effect on financing could be with even one major military contract? Have they considered that accredited investors are people too, with individual priorities, and that some accredited investors might have motives or principles which are more elevated?
Oct 20/11The prime directive in the financing mandate is this: how can we accomplish what we need to in a manner that respects the interests of current common shareholders? There will be no cynical sacrifice of the “first generation” in this case. I know that it happens routinely, but Winning Brands is not ordinary in its approach to things. I have no interest in succeeding at the expense of my fellow, current, common shareholders. We are in this together
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