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Everyone thinks it’s easy doing a filing on time when you have $4,000 in sales per quarter. Let’s not forget they changed their name on IG to being “global” plus they have to account for the shares they gave away to influencers. Maybe everyone should take a moment and be thankful that have accomplished so much this quarter.
More revenue than a lemonade stand
A name change on IG to being global
New online influencers to tweet about DryWorld
Thousands of products online that can be custom made 1 at a time so there is inventory.
That is a lot of work to put out on a financial report.
I’m not a fan of Matt or Brian as both have made poor decisions that hurt the stock price. However, they have hired a reputable and skilled firm with a proven record to handle the compliance issues that have plagued them from the beginning. Secondly, it seems the audit is underway and is being done by a reputable firm and the IR firm is now responsible for the audit and FINRA.
I will remain skeptical without being critical. I can offer criticism that is constructive (I have and will continue) but I’m done complaining. At this point Matt & Brian seem to have turned the compliance side of the business over to professionals which is what all of us initial investors wanted when they took over the ticker.
If cleaning up a crooked shell was easy, there would be more people flipping them but it’s not easy. Their ego convinced them they could do it themselves on the cheap and they got schooled.
I still have my doubts about Matt & Brian but I’m willing to extend some grace to the firms they hired. At the end of the day those firms still need to rely on information being provided by Matt & Brian, but I’m more confident with those outside firms driving the compliance bus than I am with those two goofballs having control of everything with zero outside involvement.
Hiring a professional investor relations firm is a good first step and one I have advocated for over the past several years. Hiring a firm to do the audit is also a step in the right direction.
If these first steps actually lead to them following through and completing task within a reasonable timeframe then we can celebrate the second step which is action items being completed.
The key to walking isn’t the first step but taking the second and third step in consecutive order without falling on your face. We are about to find out if management has finally learned to walk.
I’ve learned to expect nothing from management and I have not been disappointed since adopting this philosophy.
When they keep their mouth shut and then make a massive announcement that blows us all away unexpectedly then I will say they’ve learned their lesson.
George on X proving to the world he’s a fool.
GS lied about everything but there is money to be made today.
Lies. It was all lies and they knew it
What happened to a $1 lol. Sharp dumped his shares and then turned out the lights
Falling Fast
Sharp going to drag this out as long as possible so his cult can dump their shares before he has to come clean.
Do we get bad news after market? Did the lawyers pull the deal? Price struggles may suggest something is wrong but who knows?
And she’s still non committed hence the non binding
Blind dates have a better chance at success than a non binding LOI on the OTC
The over the top hype scares off just as many as the relentless trashing of the stock
Have they announced a new split yet? Or are they still dumping shares to max out the authorized shares?
Are people still trading this? Whatever happened to McKenzie did he end up in prison? The last time I checked in they had switched to car rental company or something and then solar I think, so what is it supposed to be now?
Expect a drop tomorrow given the tweets out today regarding the delay (or potential collapse of a deal) and certain companies denying involvement in a merger.
Is this another case of an OTC ticker getting hijacked to run up the price by making more of a “deal” than the reality on the ground?
Put your money down and spin the roulette wheel but remember the house (Sharp) always wins.
They just said they hired an accounting firm. No one said they actually started the audit but only said a firm was hired.
Given their lack of credibility with shareholders, they could tell us the audit, China, and FINA were all completed and I will still want to see proof from independent sources.
Vague post are designed to create unfounded speculation that generates temporary excite that gets crushed by realities disappointment.
They said several times they raised funds but nothing materialized. Raising the money for an audit, or signing a contract with an accounting firm, isn’t the same as actually having an audit underway with a definitive completion date.
Things like this is why no one believes anything that is said by management and why this share price is anemic.
Do we have any knowledge that the audit has been started? No. All they said was they hired a firm to do the audit. That could literally be a contract was signed to secure their service. Brian has lied so often that most no longer believe what is said by management.
A corporate update without accomplishments is just another list of future broken promises.
They are better off staying quiet until they actually deliver on past promises.
Whenever I lose hope about all the tasks that are overdue at DryWorld, I remember this story and it reignites my hope that maybe just maybe they will get the job done.
“An overdue book has been returned to a Northern California library after nearly 100 years.”
https://www.usatoday.com/story/news/nation/2023/05/23/overdue-library-book-returned-nearly-100-years/70246816007/
I agree with red on this point. They do have revenue and future commitments but
Brian is largely to blame for the lack of buying because he ran his mouth and things didn’t materialize.
We are now in a situation that the market has no trust in management due to Brian telling lies and the company as a whole being run like a private business. The audit and SEC reporting is the only way to began the process of restoring some trust with investors.
Management’s actions, specifically Brian, has done great harm to the stock but it’s salvageable. If management sets aside their pride and brings people in that know how to run a public company, DryWorld has a bright future. Unfortunately their ego is greater than their skills.
Prediction
Last minute filing delay.
Cryptic post from Brian
Incorrect filing followed by a yield sign.
Adjusted filing that has new errors
Yield sign removed in Mid-February
If they signed a deal with Legends and are now an official partner then they need to declare that more clearly.
It sounds like they are trying to associate themselves with Legends by a second or third hand relationship.
DryWorld should never use the word massive again.
Aftermarket Announcement
Once you challenge them or pushback on previous statements they have made, you get blocked or cutoff.
It’s actually a dumb way to do business because that forces frustrations into public forums.
Hey Brian
I know you read the board so let’s talk. Unlike you, I didn’t change my phone number to hide from shareholders.
Until they come out and publicly, give an update as to where they are in that process, they rightfully, should be perceived as having given up on it.
Every issue we are having is the fault of Brian and Matt and their absolute refusal to communicate publicly as to where things are with this company
Brian and Matt need to learn how to communicate publicly regarding the public company that they run. You can poke fun and blame investors in twist things all you want but at the end of the day the stock price is tanking because Brian and Matt refuse to do their responsibilities, and communicate publicly with shareholders.
Brian and Matt both have told so many lies to shareholders via private conversations that they are no longer believable.
At some point, they need to actually deliver and China, FINRA, the audit, the LOI, and other big stuff. Some has been dragging on for years.
What are you talking about. You told me to have a private conversation with management about something that they should be discussing publicly with shareholders. Simply stating we are working with FINRA isn’t an update. It’s an excuse and a delay.
Not private.
Any communication about FINRA should be public and private. WHAT YOU ARE SUGGESTING, IS TANTAMOUNT TO INSIDER TRADING.
To be fair, they put timeframes out there for the audit and have ignored the FINRA problem. We got no updates on the deal with China and the LOI has not been mentioned since the PR.
Relying on social media ambassadors as your entire marketing campaign is a bad strategy. DryWorld can list 50,000 different products that are print to order on their website but at some point they need deliver on these big items.
Shareholders Dream of wealth & profits
Ownership Defies basic business practice
Markets Deliver a reality check to both.
Any objective shareholder or observer can clearly see that Brian & Matt have not taken the time to get better at investor relations and running a public company.
To be fair, charts are worthless with no volume other than painting the share price at the end of day.
Did they release millions in revenue? Because if they posted that much revenue, I want to see the financial statement.
Y’all argue amongst yourselves all you want about the same old stuff but I want to see:
on-time filing with no delays
Respectable revenue numbers
A cash positive balance sheet
Brio to be listed as a subsidiary on the filing.
An official filing informing us they hired an accounting firm to conduct the audit.
An official filling announcing the China deal is closed & completed.
All the other daily noise and arguing is pointless.
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