The update of October 28th remains valid, but a supplemental point is being added herewith as confirmation that the company is still intending to become current again. Two shareholders have asked whether the company will be affected by proposals by the SEC to change the eligibility of public companies to have their stock quoted if their filings are not deemed current. Such measures are still in the discussion stage and are subject to a commenting period before a final version is adopted. Even if adopted, such measures will not be applicable to us over the long run because Winning Brands will become compliant, regardless.
Winning Brands is not presently involved in any discussion or action that would alter its current capital structure. The sole focus of the company is to develop new cashflow through methods that would not require the issuance of new shares to attain. The time that this is taking is frustrating for us all, but the accomplishment will be beneficial to shareholders because the result will be an authentic increase in the inherent value of the company and its stock.
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Respectfully,
Eric Lehner, CEO
