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Sunwin Stevia International, Inc. Message Board

  • cash2go cash2go Feb 11, 2009 12:18 PM Flag

    Terms are a joke, sold for a loss

    On February 5, 2009, Sunwin International Neutraceuticals, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Securities Purchase Agreement") with Wild Flavors, Inc. ("Wild Flavors") to purchase 20,000,000 shares (the "Shares") of the Company's common stock, $0.001 par value per share
    (the "Common Stock") at a price of $.15 per share (the "Wild Flavors Stock")
    together with five year warrants to purchase 26,666,666 shares of common stock with an exercise price of $0.35 per share (the "Warrants"). Upon completion of the sale of the Shares and other transactions agreed to in connection with the Securities Purchase Agreement, Wild Flavorss will own approximately 15.7% of the issued and outstanding Common Stock of the Company.

    http://biz.yahoo.com/e/090211/suwn.ob8-k.html

    GLTA

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    • Donjean2, I took your advice and emailed them. Hopefully they can explain why they did this with wild flower. Maybe we're missing something.

    • This is the email address to corporate headquarters. Writing the local US President is another option although he could be the reason for this fiasco.


      chinalog@box432.bluehost.com

      • 1 Reply to Donjean2
      • I hope I'm wrong but I don't see how this could benefit the shareholders, at least for a short term. We just diluted the heck out of this stock on a long shot. This wild flower outfit can do as it pleases on an agreement that gives them the advantage. I'm disappointed in SUNWIN for this blunder. I had hoped they would have looked around and picked up on a big outfit. I'll definitely email them and let them know how I feel and ask for an exclamation! By the share price of this message you can see the discuss of those interested.

    • Wrote an email to Reynolds asking him for the reason behind this give away just now. Marketing was his job and apparently he decided to give away the product to gain sales because of his incompetency. This dilution and low price shows that this is a good time to give him the boot.

      • 1 Reply to Donjean2
      • What you may be missing is that this could have been and probably has been months in the making and these terms may have been negotiated back when we were at .12-.15 / share. Only time will tell if this is good or not. I would have preferred to see a partnership agreement that was not an equity agreement but it is what it is. The question will be "does this bring in more revenues" which it most certainly should. This stock is not going anywhere until some bigger external players get involved in the SUWN game. This deal should open a lot of doors for SUWN product in the US. And help with getting GRAS will also be beneficial.