After reading over pretty much every filing and PR.... I could find about the company -- now that I have finally had a chance to really do some serious DD since learning of this company last night -- I have to say that I am thoroughly impressed by the management, business model, rate of progress, transparency with shareholders, positive cash flow and legitimate growth potential NGCG has.
Here is a short, simple list to elaborate on the above points:
1) Company primarily issues restricted shares (for "Monster" acquisition, services, executive salaries and incentives)
-- The sole exception being a court ruling against the company for defaulting on a convertible note
2) The authorized share count has been reduced to 750M from 2B (nice move!)
-- Of roughly 490M shares in the OS, 440M are restricted until at least October 2015
3) Management is clearly highly-qualified for their respective positions
-- They've proven this with their transparency and overall operating efficiency/speed. Very lean.
4) Their desire to be audited and file a Form 10! (transparent!)
-- To me this is management telling us (in the least fluffy way possible) that they intend to uplist and get some major financing (or a line of credit) to help them deal with cash flow issues which will arise from dealing with large retailers (accounts receivables).
5) Delivery on every promise has been stellar. No fluff!
-- Adding products, getting distribution deals (apparently they were not joking)
6) The consumer products offered are clearly well-informed by research on the given niche they are delivering to.
-- Combining growing industries with quality products is very wise
7) Profitability, high margins, bigger revenues than the 10-K makes it seem
-- The first few Qs are all dashes on the revenues/income balance sheets.. I can't wait to see what an actual full year at this rate will yield.
The full package here: food, alcohol, MJ, marketing expertise along with intelligent and qualified management is a signal screaming to buy and hold. The fact that there has been enough action to warrant meaningful PRs almost on a weekly basis should not be overlooked. This is a model of how a business should ideally be developed; they are making it look easy!
NCGC
