I just spoke with the CEO, Mr. James to get an update on how things are going. He just got back from a much needed vacation after burning the candle from both ends these past two years.
He said everything is business as usual as they continue to push forward on all their brands (Surgex & the Muscle Maker Grill private label, Martha Stewart Essentials, Bikini Ready, Slim Trim, OM Essentials, and Intrinsix). As previously announced, they added some new "Gummie" sku's for the Bikini Ready & MSE that are doing well. They are continuously working the distribution channels to increase their distribution for all their brands. He said it is a long tedious process as they fight to be included in a chain's plan-o-gram when they open it up to make a few changes. Sometimes it takes numerous presentations to get in and their plan remains in place to make this happen until they reach their goal. They have come a long way in two short years after he took over as CEO and you can expect just as much in the following years. As all these brands continue to grow they will continue to add towards the company's bottom line.
The most exciting thing right now that has their full attention, is the creation of these new CBD(Cannabidiol) supplements. Their first Advisory Board meeting went VERY WELL! Carl Germano is busy working on creating these with the input received from the Advisory Board. They do have another meeting planned soon and that will be announced when everything has been finalized, but unfortunately he could not tell me how soon, as that would be privileged information. When I asked about how long it would take to create these, he said, although I can't be specific, you can figure on it taking around the same time as each of their other new brands they created. It was very clear that this opportunity is very exciting to Mr. James and he thinks they will do very well in this new medical MJ industry space with the Advisory Board approach they are taking. Having these top Medical and Scientific professionals who have worked and studied in the marijuana field for long time will go a long way in getting accepted into the market and creating big sales. He said Carl is working very hard to get these created and that he is devoting his time and energy to make this happen as soon as possible. Keep a lookout for further updates on this huge project.
As for the current share price, Mr. James said he wasn't pleased at all with the current share price at all and thinks the market has not priced in everything the company has accomplished in the past two years, but said it is what is and that all he can do is continue to work hard to push the business forward. He said that it takes time to turn a company around and that they have taken on a lot in the past two years to try and make this happen as quick as possible. He said he has not and will not attempt to try and artificially inflate the share price by means of some kind of PR that does not follow their principals of only putting out a PR on a newsworthy event for the company. In other words he is not about to try and pump up the share price by putting out some PR for the sake of only bolstering the share price. They just don't work that way, even if it is typical for so many other OTC companies. My hat goes off to him for that and I applaud his principals. Eventually the market will value the company where it should be right now, which is in that mid 30 cent range in my book at this stage, he said.
I thanked him for his time and told him I look forward to what the business has in store for us investors as they move forward with their business plan.
My GUT FEELING after talking to Mr. James is that Carl has been feverishly working on coming up with some supplements based upon the inaugural Advisory Board meeting recommendations. Given that in the past it has taken about 6 to 9 months to create a final product from start to finish, I think we could see a finished product by sometime around mid September to the end of October. They began this by making the initial announcement of this partnership with Terra Tech in February, so I think my estimate is very possible, but we shall see. I really think Mr. James was very frustrated by the performance of the stock price and he is well aware of the issues that were being tossed around about TRTC that also affected the pps here. I would also like to point out that Mr. James stands by TRTC and does not agree with the articles that were very biased and wrong. I will say though that they couldn't find a single bad thing about Mr. James to throw in their articles. He has an impeccable record and a squeaky clean past. Thus the reason I re-invested so heavily again with a total of 715,000 shares. I have complete confidence in Mr. James and how his company operates under his guidance. I also trust and respect him for not partaking in these OTC practices we see run rampant down here. He has taken the high road and I truly believe in the end it will pay off big time for us investors. I am very excited and energized again after my phone call with Mr. James today and invite everyone to do the same. I just want to make it clear that this last paragraph is only my opinion based upon my observations and discussions and I encourage everyone to do their own DD here to decide for themselves about investing here.
Cheers!
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