Why play? Do some background on management - Pugliese and Rienzi. Pugliese founded Skinny Cow and sold it to Nestle to $76M. Rienzi is a VP of Rienzi Foods, which you can find italian pasta products in most grocers.. Now JALA - We have a new line of greek frozen yogurt products about to get mass distributed over the next few months.
Dilution, yes, but it's limited to private placement issuances that were done at around .02/share. There are certainly people willing to sell above that for a profit....just like any other stock with seed shareholders...(every stock)
$0 in revenues for first 3 months of 2014...no surprise there, they didn't start production and distribution until recently, so where would revenues come from?
Insider enrichment scheme? LOL. That $10M in "stock based compensation" is the issuance of 3 shares of Preferred Class B stock, which each converts into common shares at 13.3% of the total OS. Why is that done? To give management a combined 50% ownership of the company. That valuation was calculated at date of issuance which was .11/share at the time.
The date on those class B preferred conversions was extended indefinitely. So how are insiders getting rich while their shares sit in the form of Preferred Class B stock?
AI
