Time to wade into the mix. I have a few million shares I hold and will hold until i personally decide to move on. I have voted on the proxy vote already and encourage each of you to do likewise as your heart dictates.
I am honestly a little surprised by some of my fellow posters here. The business plan was laid out already with direction for expansion into California and recently the closed acquisition in MA and the licensing agreement in FLorida.
I do also like it better when my per share price is moving north, that makes me smile. However, I do not expect the CEO of a 15 million dollar company to send out daily emails and PR with his new and revised strategy to execute what he has already told us.
Am i happy with the delayed financial report yet again? No, this rests more on the shoulders of the CFO than the CEO for those who are remotely familiar with financials. CFO's deal with auditors and financial statements, CEO's sign off saying they agree. The CEO is not the person doing the financial statements and should not be!
CEO's should be working on strategic initiatives, securing funding and long term growth. If the CEO is doing and solely focused on the day to day operations, the company will no grow. This is where we delegate into a COO or in our case Chief Science Officer role. That person should be into the soup eyeball deep in all lab testing results, accreditation, new equipment calibration and all things science involved with the lab testing.
I guarantee if you send email to a CEO in most other companies, your email will never reach him/her. It will get intercepted by investor relations or executive department screeners.
It does take time to buildout a new facility, more time in some places like California with crazy zoning requirements etc. From the time they sign a lease until fit out is complete, equipment is installed and certified, lab gets accredited, and is fully trained and operational is not a 3 month deal. This will be every bit of 6 months on an aggressive time scale.
The only real question for me as I wait for the past due financial statements is did we get the pesticide testing machines online, calibrated and accredited by Oregan State officials in time to reduce the testing we outsource and begin actually taking in pesticide testing from other labs. This is the single largest revenue/profit swing item at play with the existing business.
I for one will stay long and keep watching as I can see where some chips are already lining up for SGBY soon to be EVIOS.
For all my fellow longs, hang on as you see fit, for the traders.. my the timing wave be with you. But for everyone, take a deep breathe, grab a beverage of your choice and let the CEO try to execute strategic plans. If you can not or will not be able to relax for a few days, maybe OTC is not the right arena for your investments. Vegas offers Bacarrat,... Player, Banker or tie... much less stress and immediate feedback per hand without delay. Get a hot streak, you can come close to what longs and many traders have made so for on sgby...
Mandatory testing in California doesn't start until Jan 2018. So in reality, there is still time to implement more spokes around the new hubs we have in place/process. The revenue in Calinfornia testing now as voluntary is nothing compared to what it should be in January next year.
Anyway.. Enjoy the eclipse. I will crawl back under my desk and continue to add shares and watch for 2018+.. Good look to all regardless of your play here.
AI
