Jack, they have messed up with several distributor by extending product without funding up front. They did it in California, Mexico, several other places. Another issue is the retention and exponential sales of the products. You just can not keep saying things are changing and have poor results. Yates is the master of that,,go back and look at his last several releases where he discusses changing to new systems to increase sales and distribution. The numbers do not reflect any of his plans working. Sheer management incompetence. If 380 Walmarts have the product, thats maybe a case or two of each flavor. Yates has never met a production or sales goal in the years I've watched or been in stock. They give credit to the wrong customers and end up eating that..look at Mexican deal, it's a total write off and should have been worth 100's of thousands minimum. You can't afford to lose the inventory cost, profits, currency exchange and then pay 20% vig to TCA just on sales and hope to make money. Yates is incompetent at running a business and the sooner he is replaced the better off shareholders will be. Not to mention the horrible financings this guy did to fund the company. Short term financing for long term goals is a huge no no in business. The worst thing is to have bad management. Look at the Cubs, they had great fans and good players but never a good manager. They bring in a great manager and boom they win the world series! A bit extreme but you get my gist. Btw, have you tried to call Yates? He never comes to the phone and does not call investors back, it's pitiful.
AI
