Fri, Apr 18, 10:05 AM (31 days ago)
**Winvest Group Ltd. (WNLV)** **Financial Performance (2024):** - **Revenue:** $77,340 (down from $339,943 in 2023) - **Net Loss:** $1,081,047 (or $(0.004) per share) - **Operating Expenses:** $760,298 (down from $1,098,460 in 2023) - **Cash on Hand:** $181,522 **Strategic Overview:** - **Business Model:** Focuses on media and entertainment, including film production and content creation. - **Subsidiaries:** The Catalyst Group Entertainment (TCG) and IQI Media, Inc. (IQI). - **Future Outlook:** Plans to implement business plans and raise additional funds. **Risk Factors:** - **Financial Risks:** Continuous losses, reliance on external financing, and dependence on key personnel. - **Industry Risks:** Highly speculative nature of the film industry, intense competition, and technological changes. - **Operational Risks:** Budget overruns, distributor failures, and market oversupply. **Financial Condition:** - **Liquidity:** Net cash used in operating activities was $351,109. - **Capital Resources:** Net cash provided by financing activities was $225,543. - **Market Position:** Trades on the OTCQB under the symbol "WNLV." **Market Position Changes:** - **Share Price:** High and low closing bid quotations for 2024 ranged from $0.84 to $0.06. - **Shareholders:** Approximately 204 shareholders of record as of March 11, 2025. **Corporate Governance:** - **Board of Directors:** Includes Wan Nyuk Ming, Ng Chian Yin, Jeffrey Wong Kah Mun, Khiow Hui, Lim, and Charlene Logan Kelly. - **Executive Compensation:** No dividends declared; compensation details provided for key executives. **Future Outlook:** - **Growth Plans:** Hiring additional employees and expanding operations. - **Funding:** Seeking additional financing through equity and debt. **Note:** Amounts are usually in thousands, 000s.