Addison - that takes me to my next line of questions? What do you think about people on internet forums bashing the CEO Mr. Chaaban for selling his shares?
CEN - you know, that's such a sore spot for us. Let's be honest here; there are so many ways to raise capital to commence a business of this scale, and one that requires so much considerable investment upfront before you're licensed to generate a single dollar. You can go to a bank and mortgage your house and they'll gladly throw you all the money you like; find a private investor like many popular TV shows depict for equity, or future royalties; go to family and friends to raise the funds; and in CEN's case, they chose to go public on the OTC markets like thousands of other companies. That's not new. Raising funds is critical to a company's success and it's not very easy to do so. In Bill's case as far as I know he hasn't mortgaged property, or taken out private loans to fund his business; he's actually selling his stake in his OWN business to fund operations. He needs to pay for security and the facility in Lakeshore while we await Health Canada's license to operate under the MMPR. He has to attend to business like we all know he has been attending to across the globe; in the US, Africa, Ukraine, and whatever future plans he and the company has. Using his own stake in the company to fund operations is almost a selfless approach. He's not keeping the stake and mortgaging the company into infinitium and creating a long list of liabilities for the company so early on. He's selling his stake. In Lakeshore alone there are two properties requiring continuous funding to keep the bills paid and critical services like security. Keeping the lights on is not cheap and his shareholders are helping him while we all wait for Health Canada to issue a license and generate revenue.
Addison - so what do you say to these boards, or even the Globe and Mail?
CEN - laughs....
Addison - you want to talk about the Globe and Mail for a second?
CEN - sure
Addison - so.....how about their recent article over the weekend?
CEN - well.....not much we can say. I think they printed in black in white, no pun intended, why there is a reason why Bill turned them down so many times just by the nature of the article they wrote. It read like a rant because Bill didn't ante up the info they wanted to hear so they created their own story.
Addison - created?
CEN - well, let's look at it this way. This is an extremely hot topic, no doubt about it anymore. CEN has a massive following, and we hit the headlines; some good and some not so good. But the reality is we know we will succeed and we know our company can help those seeking us out. It's no secret this program is here to stay, and its talked about across North America; like the legalization of marijuana.
Addison - so where do you think the Globe is wrong here?
CEN - simple math to start. Not sure how they got to their calculations, but they are grossly misstated. And further to that, they could really replace Bill's name with any other CEO out there for selling their stake or shares. Bill isn't even paid yet! He draws not a single dollar in salary but he has to have food on his table, cloth his children and provide for his family all the while trying to get this company to the next stage and move it forward. CEOs sell their shares all the time; this isn't any different. If anything, he'd rather sell his own stake to keep CEN afloat to wait for their licensing rather than indebt the company to bankruptcy before they ship a single order. I think if you really dive into the passion Bill has, it's about his clients and patients, and the shareholders who have supported him so far. Will he have challenges along the way, absolutely! Just hopefully not as public as the Town came forward, rather than working with us directly without causing such a controversy.
Addison - what do you say to the Globe then?
CEN - well, they can print what they'd like, as misleading as they'd like to and create a reality in print to satisfy their readers - that's their right I suppose. But I'd like to have this talk in three months after some of our goals are achieved and announced.
Addison - laughs - fair enough....
CEN - well, it's true. Media is a bit relentless....it's almost to the point they appear dissatisfied unless we give them our business strategy for the next three years and explain every single aspect of our operations and decisions being made. It isn't going to happen, so they can stop asking. Our competition reads the news too you know.
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Love that last statement. What competition?
"If people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." - Thomas Jefferson
