Friday Oct 2, 2015.
We havent heard from Quirk since the beginning of the P&D cycle in early September, remember he was going to focus on market cap and shareholder value. Since that release the outstsanding shares has increased and the shareholders have no additional value from any of Quirks actions in the month of September. His basic accomplishment for the month ended Sept 30 was to piss away another $25,000 for the paid pump and dump which is an absolute failure for FPFI/Harvest Soul but has in fact shed some really good news about Suja juices and their newly acquired investment from Coca Cola.
Scott Martin piped in with some blurb about restructuring the convertible notes, that was about the whole of that statement. We haven't heard anything related to what was converted or what new avenue of financing was made available to refinance these toxic debts of FPFI.
The share price and market cap of FPFI are amongst the absolute worst in all of the OTC for a company with an actual product. Quirk claims it isnt close to the actual value of FPFI so it must be a direct relection on the management here as there really is only a few factors left for the captain to destroy to take this company back to no bid which is where is was when he arrived. In his 2+ years here he has managed to get the ticker off of no bid - 0001 onle twice. Both occassions required a Def-14C filing and it appears that with his latest game of complete silence we are most likely headed for reverse split #3.
This week was highlighted by a 80 million share dump on late wednesday afternoon followed by a no volume day on thursday, which on reading the latest 10Q would be the day after almost $1 million in toxic notes reached their conversion dates.
What will happen next? Will we hear from the company about how they restructured the notes and how it benefits shareholders? Will we hear about the "largest PO in the history of Harvest Soul"? I doubt it, we will most likely be waiting until the 10Q for 3Q15 has to be filed, and then have to wait another week as Quirk will most likely file them late again in order to see how many toxic notes still exist and how many more have been added to the statement.
Anyone putting money on the bid here is destined to lose that money based on the way Quirk has handled the affairs of FPFI to date. Even if you were to get shares on the bid at 0001, the lender that you bought them from got them for less than that and they are the only ones that have made any money on Quirk and FPFI this year.
This ticker is toxic. Those of us who bought in have lost money with only a couple of opportunities to flip trip 1s for trip 3s having occurred in the past 2+ years here. If ever a stock symbol should shoe the skull and crossbones on the OTC site this is the one.
How long before the doodie hits the fan again here for good?
Our only defense here is to be offensive. Stay off the bid, dont slap the ask and do not give the noteholders a place to dump shares. That is the only way to get the attention of Kevin Quirk.
AI
