Seems like we all need disclaimers. I do not believe half the stuff posted here.
Love this from yesterdays blog.
QUESTION It seems the detractors are already stating that the company will spend the next 90 days preparing the formal proposal, and the financing could come sometime in the future afterwards. Please clarify. ANSWER We would like financing arrangements to be ready for implementation in 3 months, but this cannot be promised. Designing the specific investment suitable to the chosen participants, negotiating the final details, satisfying lengthy due diligence associated with large amounts, preparing, exchanging, amending, finalizing legals – that’s the reality. In today’s environment, refinancing is never “easy”. It’s more challenging still if the company has a high risk profile, as we do. It’s particularly daunting when the company refuses to take the bait of deals that benefit the newcomers at the expense of the early stakeholders. Add to this the trading chills sweeping across an entire sector of the investment market and you have a cocktail requiring special tastes. But just as some individuals prefer their martinis shaken and not stirred, there are investors who are less ordinary in their thinking than run of the mill ”detractors”. If the world relied on detractors for progress, there would be no progress. For the rest of us who do constructive things, there is much to look forward to at Winning Brands. We are proud of the company and are confident that high calibre refinancing participants are now known to us. They have a right to trust their experience in identifying opportunities. These are persons of quality who feel they will benefit, appropriately, from their involvement with Winning Brands, as will the company and its stakeholders benefit. Having had patience to do things well will be revealed to be the right approach.
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