JULY 5, 2007 RESPONSE FROM APPLETREE CAPITAL LTD....
Thank you for your inquiry regarding your investment in Winsted Holdings.
We have acquired our interest from Mr. Mark Ellis, and in the immediate future plan to bring the Company current in its reporting requirements. The Company also has issues with the SEC with which we are in discussions to correct and deficiencies.
We expect to change Winsted from a "Business Development Company" to a holding company format. The BDC registration requires additional reporting requirements that are expensive from the company's perspective.
We are in discussion with other parties as to what direction Winsted may take as to acquisitions, but are only in the preliminary stage at this time.
As we further manage Winsted, please look to the website for updates as we move forward with the business.
With kind regards, Francis Manzo President Winsted Holdings, Inc.
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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Zhemian Ventures is currently assisting Appletree Capital, Ltd.-a Chicago-based private equity, venture capital and merchant banking group to raise $100 million for the Appletree Investors I, LP fund and $25 million for the Appleseed Ventures I, LLC fund. These two VC funds will be used to make investments in early-stage and middle-stage companies in Oklahoma, Texas, Kansas, and Illinois (basically the mid U.S.)-a market that is relatively untapped by VC firms on the East and West coasts. Appletree Capital, Ltd. has a management team with several years of private equity experience between them and is committed to maximizing return and controlling risks for investors.
If you are interested in participating in either of these funds, wish to request a copy of the Private Placement Memorandum for each fund or have any questions regarding either fund, please send an email to: mbrown*zhemian.com.
posted
According to new ceo francis manzo: Appletree Capital Ltd. Announces Turnaround Situation with Winsted Holdings and New Management Northfield--(BUSINESS WIRE)—Winsted Holdings, Inc. (Pink Sheets:WNSH – News) announces new management and updates the market. New CEO and President Francis Manzo stated, “My objective with the new Winsted Holdings is a turnaround situation to create true shareholder value for the investing public. I also want to make it perfectly clear that Mark Ellis is no longer related or involved with the company. Furthermore there are currently around 4 billion shares outstanding of which roughly 90% are now owned by Appletree Capital Ltd. leaving the true float to be around 400 million shares.” Imagine the short covering with over 500M traded so far 11:40 am
Posts: 660 | From: california | Registered: Nov 2005
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Appletree Capital Ltd. Announces Turnaround Situation with Winsted Holdings and New Management Northfield--(BUSINESS WIRE)—Winsted Holdings, Inc. (Pink Sheets:WNSH – News) announces new management and updates the market. New CEO and President Francis Manzo stated, “My objective with the new Winsted Holdings is a turnaround situation to create true shareholder value for the investing public. I also want to make it perfectly clear that Mark Ellis is no longer related or involved with the company. Furthermore there are currently around 4 billion shares outstanding of which roughly 90% are now owned by Appletree Capital Ltd. leaving the true float to be around 400 million shares.” Winsted Holdings is in the process of changing from a Florida corporation to a Delaware corporation in order to take advantage of several key aspects. We are also designing and developing a new website for our shareholders. The company and Appletree Capital are also in review stage for reverse merger candidates
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
I am in just for a small amount at 0.0003! Cudn't get in 1's and 2's.
Most of my $ are locked in EFGO!
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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posted
NEWS out! Francis Manzo reiterates appletree takeover and future plans for WNSH...watch it! Appletree Capital Takes Over Winsted Holdings and Announces New Control Jul 13, 2007 11:15:00 AM Copyright Business Wire 2007 NORTHFIELD, Ill.--(BUSINESS WIRE)--
Winsted Holdings, Inc. (Pink Sheets:WNSH) updates the market and announces new control by Appletree Capital Ltd.
New CEO and President Francis Manzo stated, "My objective for Winsted is to turnaround a stagnant situation and create shareholder value through innovative strategies." Former CEO Mark Ellis has resigned from the company and is no longer related or involved with the company. Winsted plans to change from a BDC to a Holding company format. This format will allow Winsted, through Appletree Capital and its partners, to bring multiple solid private companies into the public venue. Mr. Manzo went on to state, "We intend to use the same formula as Appletree Capital currently does in order to expose viable private companies to the public capital markets and to our venture capitalists."
Winsted is developing a new website http://www.winstedholdings.com in order to keep our shareholders informed on the company's progress through this transitional period. The company and Appletree Capital are also in the process of reviewing reverse merger candidates. Some of these candidates are in the sectors of food, retail, consumer products, and financial firms. Further updates will be forthcoming
Posts: 660 | From: california | Registered: Nov 2005
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posted
I watched this go from 0001 to the current level and never bothered to get in until now at 0005. Hoping I'm not too late for the party....but I'm sure I am
Posts: 3026 | From: Chicago | Registered: Oct 2005
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quote:Originally posted by toad4: quote:Originally posted by toad4: Not too late!!! This thing is a Rocket ship!!!! Just wait until they PR the FLOAT!!!!!
Shorts gonna FRY!!!!!!!!!!!!
That's what I'm waiting for. Float only 400m I hear with 3.6b OS. Is that true?
Thats what I'm hearing.....
Well if that's true, this may very well be another BHUB considering we've traded like 2b the past couple of days. Will be interesting that's for sure!
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Shares drying up....imo.......gonna take less volume to move.......
****CEO stated, "This format will allow Winsted, through Appletree Capital and its partners, to bring multiple solid private companies into the public venue. Mr. Manzo went on to state, "We intend to use the same formula as Appletree Capital currently does in order to expose viable private companies to the public capital markets and to our venture capitalists."
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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Please help me to see something and correct me if I am looking at things wrong.
VOIP, first, thanks for the update, but with the news, your update, and other things that "strongly" appears to be forming, please consider my thoughts below...
1. Old management is gone with new control by Appletree Capital Ltd.
2. New CEO and President is Francis Manzo with goals to turnaround WNSH which was basically stagnant.
3. The new CEO plans on creating shareholder value through innovative strategies (I think I understand his innovative strategies).
4. The former CEO Mark Ellis has not only resigned from the company, but is no longer related or involved with the company.
5. WNSH plans to change from a BDC to a Holding company format. This is why he couldn’t do a reverse split even if he wanted to from my understanding of what was mentioned. The SEC won’t allow it although I am not wise on the logic.
6. Still, in going from a BDC to a Holding Company format, the company will not have a need or plan to do a reverse split.
7. Instead of a reverse split, the company has already made it known that they are planning on retiring shares and buying back shares to reduce the Outstanding Shares (OS).
9. Now this comment in the PR is something that is very very important that I think was very much a subliminal message as to how powerful WNSH will transform… Mr. Manzo went on to state, "We intend to use the same formula as Appletree Capital currently does in order to expose viable private companies to the public capital markets and to our venture capitalists." to get a better understanding of the magnitude of that comment, please read and understand the post below: http://investorshub.com/boards/read_msg.asp?message_id=21087663
11. A new website is in the process of being developed.
12. WNSH and Appletree Capital are in the process of reviewing reverse merger candidates in which some of them are in the sectors of food, retail, consumer products, and financial firms.
13. Further updates will be forthcoming.
14. It was recently thought that the Float was 400 million with the Outstanding Shares (OS) being 4 billion as the company has made known unofficially thus far that they have 90% of the OS which was part of the shares bought in the deal to obtain WNSH.
15. The company has gotten confirmation of from the company’s Transfer Agent (TA) of a potential disparity in the numbers for the OS and the Float where the OS could be 3.6 billion which would mean that the Float is 360 million considering the Float has to be 10% of the 90% of WNSH bought by Appletree Capital to consummate the deal for Appletree Capital buying the controlling interest.
16. The company is in the process of obtaining official confirmation and will release to the public ASAP as soon as their coordination between the DTC, TA, and Accountants is completed confirming which total is correct.
17. Still, the Float is anticipated to be zero as given the volume over the past few days, it is highly anticipated that there is no inventory of shares hence why many are expecting to see (a new term to me) a MOASS kick in.
The above is a quick synopsis of what I see as some realities and potential that exists in WNSH. I recommend all to read and please make your own decision as to the measure of potential you will wait for the company to transform into a reality.
Heck, I repeat… I am really trying not to get too excited, but from doing my research on many other stocks within the penny stock world, I don’t see anything else that is close to what is forming here with WNSH. Many things still have not been officially confirmed as a completed fact, but enough have been officially confirmed for me to take the risk. Please do your due diligence (DD) to make sure you make an investing decision that you be at peace with yourself.
Please help to show me how I am looking at any of these things wrong. I wouldn’t want a repeat of some past situations as we all have moved on.
v/r Sterling
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
Posted by: VOIP-INTERFACE In reply to: None Date:7/13/2007 11:36:50 AM Post #of 7876
BOARD READ-> So everyone knows the t/a had to be paid and settled up with since they hadn't been doing any work for the company in quite awhile. Mark Ellis left Appletree Capital and Frank with a bill and needed to be resolved at the t/a. Frank finally got them to clean everything up including the bill that was still outstanding at the t/a. Now he has talk to both DTC and is getting Interwest to put together a share holder list as well as the exact numbers imo. They will be forthcoming.
The deal of the terms when he took over the company was he bought 90% of the o/s which was supposed to be 3.6bb since the o/s stated 4bb in the agreement. Leaving around 400mm in the float he has mentioned to his knowledge. Well after touching base today it looks like the t/a told him o/s is 3.6bb but he has to find out for sure before releasing it publicly what exactly is in the float and out there. He has also mentioned retiring shares and or buying back. WNSH is one I will holding on too strongly to see what happens here over the short haul. This is one company/guy that has his hands on Wallstreet since there in the perfect business already (private-public equity, investment banking, venture capital, etc).
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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I had read where Martin, from Zhemian Ventures, specialized in Capital Restructuring. So I centered my second conversation on the Capital Restructuring of WNSH after I did some further research too on the topic. I told him that Franco, the new WNSH CEO, had emailed some investors talking about a Capital Restructuring. I told him that within the penny stock world, when we hear the term “Capital Restructuring” we normally think in terms of the share structure changing; normally through a reverse split. I told him that investors are terrified given WNSH’s past history of reverse splits as some people are still spooked.
Martin told me that he has no knowledge of a reverse split with WNSH. That was a positive, but I still know that there are two concepts for the growth of a stock that often gets ignored, especially by CEOs and their personnel/affiliates. There is the concept of “growing your stock” and the concept of “growing your company.” I understand that Martin is on the side of “growing your company” and could very well not be informed if there are plans of a reverse split. Still, I was glad to know he had no knowledge of a reverse split to take place.
I explained to Martin the Capital Restructuring that was done by Schwab last week on 2 Jul 07 and some of the details mentioned by Schwab and other stocks that had done Capital Restructuring. He informed me that the Capital Restructuring for WNSH would be on the same lines as that of Schwab and those other deals I mentioned for things they have done. I got a little excited because from the PR below from Schwab, their Capital Restructuring Program included a special dividend, share buyback plan and debt offerings. http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-07 -02T173855Z_01_N...
With this announcement Schwab just made last Monday on 2 July 07, Schwab’s shares rose and closed at $22.00 for their strongest gain of the year.
He did not give me any specific details as I tried to get some exacts, but he told me that when Appletreecapital is referring to Capital Restructuring, they are not making reference to the company doing a reverse split. He said that it involves the things I mentioned to him from my research such as buybacks, transferring of assets from one entity within the company to under another entity within the company under the same ultimate ownership, the sale of certain divisions, etc. He stated that for him to do these things, a reverse split was not discussed as an option. I did believe him although I know that still a reverse split should always be in the back of the minds of shareholders as an option just by being a penny stock.
Below are some links to read for researching Capital Restructuring:
I am by no means saying that I know for a fact that there won’t be a reverse split with WNSH. My point was to show what the term “Capital Restructuring” often means within the investing community and it almost always has nothing to do with a reverse split.
If I had to guess, I think the restructuring will be in the form of Appletreecapital having the Winsted Holdings’ shares transferred into them to still trade as WNSH while having Winsted Holdings transferred into an entity/company within or under Appletreecapital to have a profitable company reversed merged into. Just see it as Appletreecapital and Winsted Holdings changing positions of existence as the ticker WNSH remains with Appletreecapital to continue to exist as a medium to trade within the market.
I think Appletreecapital saw WNSH/Winsted Holdings as its medium to enter into the market to go from a private company to a public company without spending all of the money that would have been required with taking the IPO route.
Given WNSH’s old management and its history, I do see why one would exercise caution. There’s definitely new management with a new direction that will bring about some new history too. I think everyone should at least perform some due diligence (DD) on WNSH to discover certain “positive” facts for them selves and not just take what I post as the gospel. I am looking forward to see how things materialize in the near future.
v/r Sterling
-------------------- May God Bless All. Posts: 46 | From: Houston,TX | Registered: Nov 2004
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*****Appletree Capital takes over? Mark Ellis is out. More news forthcoming. Using this as a vehicle to launch companies into the public market. From the looks Appletree has launched 2 new funds worth 125,000,000.00 wonder what will launch here in WNSH. ------------------------------------------------------- MAXM Market Maker always showing 500,000 size on bid=Appletree/Frank???????? ------------------------------------------------------- ****Regardless the true float or o/s here I will publicly say I expect Appletree/Frank to retire and or buy back shares. Either or his objective is to get the pps higher and at a more attractable price for larger candidates. My gut feeling is to many people will react to quick as to what happens here day to day instead of looking at the big picture here-> WINSTED-APPLETREE-ZHEMIAN ------------------------------------------------------- *****(Easy breakdown of WNSH) Winsted Holdings=Appletree Capital=Zhemian Ventures=Big money=Plays in our Favor*****
Very easy to see we have a diamond here at these levels now that Appletree Capital is in control and bought the block. Not the type of company (in the industry their in) they'll hurt their own name and or burn their reputation or clients (especially in a measly pink) cause this is all their known for is deals, ventures, mergers, acquisitions, money managing, banking, asset managing, etc.
Just something above, I wanted to point out do to the fact that they are a Chicago-based private equity, venture capital and merchant banking group that has to carry their name and show performance. After all this is just a measly small pink and I highly doubt they'd put their azz on th line to burn us when their involved in 2 deals worth 125 million dollars right now. ---------------------------------------------------------- URGENT READ NO R/S The SEC won't allow Frank to do a r/s cause of the previous filings and Mark. Plus they can't do 504's here either. ---------------------------------------------------------- **Heavy Hitters here. As the founder of Zhemian Ventures, LLC, Martin Allen Brown serves as the company’s managing member. He oversees the strategic planning, management and performance of all of Zhemian Ventures professional services. His responsibilities also include business development and establishing international acquisitions, affiliation and alliances. Mr. Brown oversees service delivery, international strategic development and operational management.
Prior to founding Zhemian Ventures, LLC in 2006, Mr. Brown served as managing attorney for Martin A. Brown, P.C. where his legal practice entailed providing legal advice and services in the areas of venture capital and private equity transactions, Bank Secrecy Act/Anti-Money Laundering and SEC/NASD compliance, transactional matters for both domestic and foreign corporations, as well as complex business and commercial litigation. From 2000-2002, Mr. Brown served as General Counsel for World Service Corporation—an international e-commerce business support company.
(In my opinion its safe to say Zhemian Ventures, LLC is pretty compliant having this guy above in charge. It also safe to assume they wouldn't be heavily involved in Appletree Capital if they weren't the real deal as well) -------------------------------------------------
Current Deals >>
Appletree Capital, Ltd.
Zhemian Ventures is currently assisting Appletree Capital, Ltd.-a Chicago-based private equity, venture capital and merchant banking group to raise $100 million for the Appletree Investors I, LP fund and $25 million for the Appleseed Ventures I, LLC fund.
These two VC funds will be used to make investments in early-stage and middle-stage companies in Oklahoma, Texas, Kansas, and Illinois (basically the mid U.S.)-a market that is relatively untapped by VC firms on the East and West coasts. Appletree Capital, Ltd. has a management team with several years of private equity experience between them and is committed to maximizing return and controlling risks for investors.
If you are interested in participating in either of these funds, wish to request a copy of the Private Placement Memorandum for each fund or have any questions regarding either fund, please send an email to: mbrown*zhemian.com.
Venture Capital Fundraising and Consulting Services
Zhemian Ventures, LLC is an U.S.-based limited liability company specializing in venture capital fund raising and consulting. We have a wealth of experience in venture capital and private equity transactions, corporate finance and securities compliance.
Zhemian Ventures has a real passion for helping entrepreneurs develop their dreams into reality. Zhemian Ventures will form a strong strategic alliance with your company to help you set realistic business goals and objectives and to maximize your resources in an effort to meet these goals and objectives. We will work with you and with our extensive contacts of private and institutional investors to find the necessary investment capital to start your company or take it to the next stage of development. For venture capital firms, we will assist you in obtaining capital commitments from accredited private investors and institutional investors who are interested in participating in your fund. We find the money for you. In addition to our fund raising services, Zhemian Ventures also provides consulting services. We work with both companies and venture capital firms to maximize business investments by assisting your company or firm in monitoring and consulting with your portfolio companies or other investment opportunities. With a combined legal and business prospective, Zhemian Ventures will meet with principals of your portfolio companies, assess ongoing business performance to make sure they are on target to meet projected milestones, perform due diligence and provide a full decisive analysis and detailed report to your company or firm.
We also offer the following consulting services: due diligence for mergers and acquisitions; executive management assessment for start-ups and underpeforming companies; strategic planning; business development and business expansion.
-------------------- May God Bless All. Posts: 46 | From: Houston,TX | Registered: Nov 2004
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