Well the Port of LA delay hurt.
This 10Q absolutely defines that the only future of this company is the online sales.
Not even close. The old way of distributing premium lemonade simply doesn't work. I doubt Hubert's or Calypso or any of the others are making money either.
Read the back pages of the report. Yates's intention is to convert all of the debt into shares and it will be 2.2 Billion. Then there will be a reverse split.
Truth is the stock is going to trips, but not out of business. Let it fall to .0001
When it goes that low you will be able to buy millions for very little money. But that is where the opportunity will lie.
For those who see a way and want to work at it. Get the shares and concentrate on gifting. We already know the website will pump lots of revenue into the next 10Q. If we can push that ever higher when the next 10Q comes out it will show a lot more profit as interest expenses will not be there anymore. We gotta get Yates to discontinue the sales and distribution expenses.
Point is if he does the conversions there will be no debt expenses, cut all non producing expenses, pile in the online sales the next 10Q could show a nice profit. The per share amount will be a pitance but if we are profitable and generating cash ( and Yates doesn't do something stupid) we could begin buying back shares at a fast pace.
I will sending a letter to Yates ( again) to ask him to concentrate soley on the online sales and any producing accounts.
Keeping working on you marriage, children, faith, job, and investments!
