Business
Winning Brands Promissory Notes; Conversion Standstill Agreements
Winning Brands Promissory Notes; Conversion Standstill Agreements.
About this update from Winning Brands Corp.
[{"type":"text","content":"\n \n \n Winning Brands Promissory Notes; Conversion Standstill Agreements\n \n \nWinning Brands Promissory Notes; Conversion Standstill Agreements\n\nReduction of Conversions\n\n \n NEW YORK, NEW YORK--(Marketwired - Mar 13, 2017) - Winning Brands Corporation (OTC PINK:WNBD) www.WinningBrands.com has posted a supplemental filing at www.OTCMarkets.com over the weekend reporting a reduction/deferral of promissory note conversions. The November 11th filing reads as follows:\n \"Winning Brands has sought and received consent from holders of key promissory notes that are convertible into equity, to suspend the issuance of any new shares to these holders in respect of conversion notices received from this day forward, for not less than 60 days; the \"standstill\". Winning Brands is presently performing the tasks necessary to qualify for a restoration of the company's OTC Markets quotation tier to the designation \"PINK Current Information\", as previously announced publicly. This standstill will preserve normal trading conditions for Winning Brands common shares during the \"period of anticipation\" for the restoration of the Current Information designation, as well as after the actual restoration of the Current Information designation, which may take place within 30 days of this supplemental information filing. The standstill reflects the desire of the company to avoid unproductive dilution and demonstrates goodwill by promissory note holders toward the company and its long term best interests. No consideration arises to the holders of the promissory notes nor or any other party, in any form, for the standstill.\"\n Winning Brands maintains a CEO weblog for the benefit of shareholders at www.WinningBrandsCorporation.com/blog. It is a journal of the company's mission, providing answers to many shareholder questions. It is a regular source of public information pertaining to the company pursuant to SEC Fair Disclosure guidelines. \n ABOUT WINNING BRANDS CORPORATION: Winning Brands is expanding its scope to include cooperative product launches with innovators whose projects can benefit from public company partnership. Winning Brands has previously been, and continues to be, a manufacturer of record for advanced environmentally oriented cleaning solutions such as ReGUARD4™ fire service cleaner, KIND®, 1000+™ Stain Remov...