Replies to post #193884 on Winning Brands Corporation (WNBD)

[puppydotcom]

No.. no way! that issue must be resolved

The DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.



Can they uplist with the Chill still in effect?

[Black Beerd]

"Can they uplist "

Thats the 1st question....the probability of this happening is slim and none...the audits alone would cost a small fortune they don't have and the time required to do this would longer than their finances will allow them to exist.

"with the Chill still in effect?"

They will be needing IMO a new cusip# to do so. I can't see them being allowed to uplist with that black cloud on their record. IMO...that blog is IMO is nothing more than a distraction. It sounds so fluffy but in reality this company hasn't the resources to uplist. He fed the shareholders something unrealistic...all looks/sounds great at 15,000 feet. But getting back down to earth all I see is a misleading fluff blog. Similar to that small technical problem they are getting resolved with the chill....that small technical problem is over a year old now. See how that one worked out? He buys time with anticipation of something coming...also like that big box spring rollout you still haven't heard about. Spring is how many days away? LOL

[doogdilinger]

Uplist to where right? The CEO hasn't even stated what his actual supposed grand plan is...instead it's the same old MO of lots of fancy blog talk/suggestions and colorful analysis with no actual concrete corporate blueprint laid out in proper PR or OTC Markets filing form!

WNBD doesn't qualify for any higher tiered exchange uplistings like the OTCQX, AMEX or NAZ...so what exactly he means when he blogs about uplisting only he knows.

And if he is in fact planning on uplisting to the OTCQB for example, then he requires 2 full years of fully audited financials and a market maker sponsor which costs money on top of whatever that lawyer is charging him to do an S-1 filing and becoming SEC registered again which takes approx 6 to 9 months to complete an S-1 filing on its own!

So the question then becomes will Eric wait until the S-1 is completed and WNBD files to become an SEC registered entity again b4 implementing the potential R/S? I highly doubt it!

So any blog talk about supposed uplisting is just that...blog talk with zero relevant proof provided that that truly is the grand plan!

Of course by blogging lots of hand holding chatter about supposedly seeking an uplisting as part of the grand plan of a necessary reverse split to again start issuing discount stock to typical penny stock funders makes a great cover story after years of grandiose claims that WNBD would NOT reverse split lol;)