I do agree that they need to give a more detailed outlook into their business model and I have expressed this directly to Mr. James. Communication is vital part of any OTC stock, much more vital than a stock trading on the big boards and without it the share price will suffer. Granted, they are only a year into these new product lines, so I can understand that it is hard to share some things, but there is room to share much more than they have.
Mr. James is very guarded when it comes to putting out anything that talks about future sales or guidance, mostly due to the fact that he doesn't want to sound like he is pumping the stock. He would much rather put out an announcement after the fact, but I have voiced my opinion that the time has come when he needs to do this and why now is the time to do it.
Why now? Mostly due to the fact that the entire MJ sector has been sold off to all time new lows, so it isn't just NRTI, it's the entire sector. This was due to the SEC jumping in and going after those who were exploiting this new category with pump-n-dump schemes. This quickly brought the MJ investing to an abrupt halt and the selling has continued ever since. However, the selling is quickly coming to an end as the sector has now been oversold and very soon the money will begin to start pouring back in, but with investors much more wary this go around. Thus the reason he has to be detailed as possible about their CBD program and what makes their approach so much different than all the rest. I told him this what he NEEDS to do and not just something he can beat around the bush about.
I encourage every investor here to send him an email or call him to voice your opinions on this matter. Mr. James is a smart CEO and he has a world of financial and business experience, but he hasn't had a whole lot of experience dealing with OTC stocks and how they differ from the big board stocks that he is so familiar with. Now he has done an excellent job keeping us all up to date on any new developments after they have happened, which is very evident by the press releases. Now we need him to step out of his comfort zone and talk about the future and to share what he has in store for the company, especially the CBD project, which is, as I told him, of most interest to his current shareholders. Not to say that the other brands are to be overlooked, but rather that the CBD project has by far the biggest potential, given the huge market growth coming for the next 5 years.
I just think it is critical that he lay out his business plans for the CBD project and to be as detailed as possible about it. I told him this is what the shareholders are waiting for and if he doesn't do it, they will continue to sell and go away.
I know he has been implementing big cost savings to get the company as lean and mean as possible and this is something that he should share with us. Personally, I don't believe he has an option at this point. The time to be transparent and detailed as possible is now, because frankly I believe they have by far the best approach and strategy to the MJ market than anyone else out there and now they have to make shareholders and investors aware of this and follow through with being as transparent as possible. If they do that, this stock will quickly shoot right back up! Keeping low key about their MJ project until the project is ready to go is not a feasible option at this point with the share price at historic lows. Now is when we will see just how great of a CEO he can be. Cheers!
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