Serious question for the company...
Everything seems to be moving along very nicely. Even like 90% of my previous due diligence estimates have been very close... from revenue numbers to units leased to growth to current share structure.
Your forecast of 5,000 units by years end was higher than I expected but I haven't redone it in a while so it's what got me poking around again.
But from today's PR, taking into consideration the overall BAIID market growth rate, I actually think you can beat that by a milestone simply because the demand is there and you're proving to your lender you can handle it. And now I also think you are being conservative with the forecast of 5,000 and think it's the worst case scenario number.
That being said, you have proven time and time again, you are truly dedicated to the growth and financial security of the company.
So my question to you, now that you're moving into profitable territory, is what about the shareholders?
Are you just as dedicated to them or not?
The news you've been releasing should move the stock. But it just sits there with a 200% spread. Investors see that s/s, peak at the chart, look at the thin bid and stacked ask, and just shake their heads. It looks just like any other penny stock and figure it's going to continue to drop just like the charts show.
Right now I'm looking at 2 huge red candle sticks from 12/13 and 1/03 followed by a third smaller on 1/11 indicating new lows are definitely lingering. The 52 week high is $1.20, the low is .10, and the lowest bid today was indeed .10, it didn't hit but it did make the #1 spot for a few minutes. Absolutely zero strength showing, even with back to back updates.
And with only a couple people fighting for first bid with only a couple thousand shares each, it's only a matter of time before support gives and a new 52 week low hits.
The problem, is your share structure sucks, and you should know that.
Current holders and the market don't want open end promises in press releases like NASDAQ up-listing or an idea of a plan to figure out how to enter the marijuana sector.
They don't want to hear about TDG holding off on more shares issued because the CEO is hanging onto control by only 300k shares.
They don't want to hear about a buyback of shares already owned by insiders that can simply be returned and retired, company funds are way more valuable being invested in units.
Now that you should be profitable and almost self sustaining, it's time to show your current, dedicated shareholders you really care. Shrink the structure down to gets your ticker way above a dollar. Do it without a reverse split and not only do you save money, without question, you will get the streets attention.
I'm asking myself:
Do you really need 100 million authorized shares? It cost $100 to change it at the S.O.S. and maybe an SEC filing.
Do you really need 18.6 million shares outstanding? Over 90% of that is owned by insiders and lenders.
Are the S/1 issued shares still that important to sell into the market now?
Does the CEO need over 9 million commons when the preferred aren't even touched?
Was TDG (the lender) even offered a preferred placement? If not, why not offer them one now?
You guys have done everything in your power to try and bring market awareness to your company's ticker and have failed miserably.
If you like it or not, you're down to your last option if you want increased shareholder interest. Your numbers are too good for such a crappy share structure and the market sees that.
In my opinion, it's time you sit everyone down and figure out how you can show the shareholders you really give a shit and take a real close look at the share structure.
Shareholders and the market don't want open end promises in press releases or 8-Ks.
They don't want to see a CEO hanging onto control by only 300k shares when the preferred aren't even touched.
They don't want to hear about a buyback of shares already owned by insiders that can simply be returned and retired, company funds are way more valuable being invested in units.
They want to see a winning share structure. They want to see the shares managed just like the company is.
So I'll ask again,
Are you just as dedicated to the shareholders as the company, or not?
I'm a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.
