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I concur with your line of thinking. A class could be established, need to get a handful of people together with a decent amount of investment. I am considering writing the stocks off as a complete loss this tax year.
I did get the bottle last week. It’s sitting on my bar. Haven’t done a taste test yet.
I did purchase some Armero "The Exclusive Silver" Tequila from a store in California it is being shipped to me via UPS. I will let you all know when it shows up.
If you look at the financials filed with the SEC there’s a cash flow problem to the parent company ROAG. I am speculating here, I believe that they can’t pay the bills to the accounting/attorneys that have been preparing the statements. From my own research it appears that $60k-$80k is required to get the corporate accounting to current. The subsidiary’s owners aren’t affected by this problem. Only us the common shareholders.
What recourse do we have at this point?
I think it’s going to happen. I know a lot of things are outside of their control. But, damn waiting is hard to do. The chips are already out so just have to keep the faith.
I am now of the same opinion. The delay is no longer passing the smell test.
This isn't new news. All persons that are complaining about lack of timely filing failed to do proper risk analysis. The 8-K filling after the announcement of the material definitive agreement to acquire all of Giddy Up Energy Products assets and liabilities outlined all these scenarios as a risk factor associated with purchase of the company's common stock.
April 25, 2018 4.) If the company is not able to raise sufficient funds to pay its auditors, the company's stock could be delisted.
11.) Future acquisitions and investments could disrupt our business and harm our financial condition and operating results.
11.)§5 integration of the acquired company’s accounting, management information, human resources and other administrative systems;
11.)§6 the need to implement or improve controls, procedures, and policies at a business that prior to the acquisition may have lacked effective controls, procedures and policies;
I am hopeful that these stated risk factors will not adversely impact any shareholder or the company. I am an investor and believe that there is potential here, despite the risk factors.
Happy new year. I see your the same as always. You got all your stock from a dead company and complain about it constantly. Maybe you should just be happy that there’s a possibility that you will perhaps be able to recover some of your losses.
I mean it’s a pink OTC literally the highest risk investment a person can make and you act surprised when the investment doesn’t pan out.
The part everyone seems to be missing is the part about "scope of work". In order for ROAG to consolidate financial statements between the former Fresh Promise and Human Brands you have to convert every subsidiary's financial statements to US GAAP. Section 2.11.4 Page 78. You can see all the previous filings for ROAG. There isn't any cashflow outside of sales of restricted shares. All of these filings require multiple professional services that cost significant amounts of money.
From the form 10-K 04/21/2021 "We are an insolvent corporation. We have a history of having no sales revenues, negative cash flow and no profits and we cannot assure that we will ever be successful in generating and sustaining any sales revenues, positive cash flow or profits at any time in the future"
I fully believe that things are still heading in the right direction, even if it is painfully slow.
From your own article. “Although the Board concluded as a matter of law that Respondent had engaged in "failure to disclose," nowhere in that order was the misconduct deemed "willful." “
The shares are restricted to 1% sales every 90 days. How exactly are they going to scalp at that level of restriction.
I’m not sure how to speak in a way that would allow you to comprehend anything. Quite honestly you’re probably the single most annoying person I’ve ever encountered.
The company never sponsored a fight, the company never stated they were sponsoring a fight, the company stated they were launching a branded bottle with the person that participated in the fight.
See the press release here https://www.newsfilecorp.com/release/70628/FPFI-Subsidiary-Launches-New-Tequila-Brand
“Henderson, Nevada--(Newsfile Corp. - December 18, 2020) - Fresh Promise Foods, Inc., (hereinafter "FPFI") a publicly traded company under the ticker symbol (OTC Pink: FPFI) announced today that CapCity Beverage, LLC, the import division of its wholly subsidiary Human Brands International has been granted exclusive US import rights for No Boxing No Life Tequila created by world-renowned boxing trainer Eddie Reynoso. The Company intends to launch the brand on December 18th, 2020 with a "Fight Night" Limited Edition Cristalino Anejo exclusively on Reservebar.com in conjunction with the World Championship Boxing match between Saul "Canelo" Alvarez and Callum Smith taking place on Saturday December, 19th at the Alamodome in San Antonio, TX and streamed live on DAZN in 200+ countries worldwide.”
That is not the same Joe Poe. Shocking fact, some people have the same name as other people.
I did not say I was at the distillery. I saw the pictures and video on Facebook when I was doing research.
You are crazy dude.
I’ve tasted the tequila, I’ve seen the distillery, the person in the fight agreed to what the press release states. You’re a detriment to this board, your position in this company (if you actually have one), and forward thinking doers.
See, you’re one of those people that just exist to complain about others. You don’t provide any real value to any particular conversation but feel the need to share an opinion on the subject.
You are entitled to your own world view and robust speech in any forum. However, you are not entitled to the ill effects of sharing that thought.
This is the text book definition of libel.
Could you clarify who “we” is referring to exactly?
What exactly is your angle here? You repeatedly misrepresented multiple statements made by the company on this board.
Press releases made by FPFI do not reflect your conclusions.
Your inability to comprehend a press release is astonishing. There is not one mention of the company sponsoring the boxing match. For the other members of this board here is the statement specifically stating that the company is launching a brand around the fight, not sponsoring a fight as Eric will have you believe.
"The Company intends to launch the brand on December 18th, 2020 with a "Fight Night" Limited Edition Cristalino Anejo exclusively on Reservebar.com in conjunction with the World Championship Boxing match between Saul "Canelo" Alvarez and Callum Smith taking place on Saturday December, 19th at the Alamodome in San Antonio, TX and streamed live on DAZN in 200+ countries worldwide."
So Eric, thank you for sharing your opinion. Every now and then, people who know nothing about a subject can still come to the table with something useful. This is not one of those times.
Long FPFI!