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Re: Pres46 post# 52849

Wednesday, 09/17/2014 5:48:48 PM

Wednesday, September 17, 2014 5:48:48 PM

Post# of 70040
First of all the license in April was pertaining to the GA business license dated April 29th. The License pertaining with the Dept of AG started in end of May/June and is still in process....the license from the department of AG is what is holding them up.

As far as the $100k in equipment, this is what the company has stated they put in:

As PREP's anchor tenant, Harvest Soul has upgraded its dedicated production space well beyond "move-in" specifications, including significant electrical upgrades to provide improved processing. Other facility equipment includes:
-- Commercial Juice Press and Grinder - allows the company to freshly squeeze or press juices.
-- Commercial Blender - large capacity 100-gallon blender, with custom electrical support to allow for flexibility in a variety of speeds.
-- Control Panel - designed to spec, the panel provides the ultimate in automation, leading to tighter controls within each blend.
-- Double-headed Piston Filler - for easy "perfect fill" every time.
-- Capper - bottle capping unit, utilizing compressed air.
-- Positive Displacement Pump - food grade stainless steel pump to move viscous product from tank to tank.
-- Clean-In-Place Tank (CIP) - designed to ensure mandatory sanitation practices are more efficient and cost effective; will utilize only food grade cleaning supplies.
-- Centrifugal Pump - ensures complete clean-out of system for flavor change-over, reducing the process by more than 75% vs. alternatives.
-- Dedicated Cooler - allows for 100% organic ingredients to remain completely segregated.
-- High Capacity - production facility is near completion, and capable of producing millions of bottles per year.



They could have purchased it outright and based on timing not all hit the last Q. The other more likely alternative is that not all equipment is purchased but leased or financed over multiple years which is very commonplace regarding commercial equipment. So the statement that they have put in $100k of equipment is probably accurate. Like I said before, if anyone is close they most likely could go to PREP and witness the equipment.

So in the search for facts and accuracy it would seem that your "lie#1 and lie#2" are not really lies but seemingly misunderstanding the different licenses required and timing of those as well as the ways in which personal property such as commercial equipment can be purchased and or accounted for on a balance sheet.

If you haven't learned yet, most posts on a message board are in the writer's opinion. All of my posts are in my opinion (IMO)......do your Due Diligence (DD) and make up your own mind!

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