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Monday, July 14, 2014 12:10:12 PM
Solid revenues from Sales and Strong Partnerships are what is required IF this company is to grow. Until there is some progress, I won't buy back in. I don't see any progress since I started following this in April.
Looked at the filings and the enormous amount of shares that management has awarded itself out of the shell deal will severely reduce and hamper any potential market valuation. I am not sure how many executives are on the management team but it must be a lot for them to have so many shares and I think the shares are free or .0001.
Maybe they can strike some deals and get the company going with some revenues, but 101 million shares is just on the very greedy and ridiculous. There are some companies with much better capital structures. For example, Abbattis only has 36 million in their float and 58 million total outstanding. I like the MJA sector and will continue to review this company from time to time. GLTA
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