Just a reminder to those of us who may get a bit impatient waiting for news and expressing it in not so nice-spirited ways on this message board, turning a company's direction in a major way in a short period with limited resources is not trivial and is subject to many factors outside the control of the company. The intention to provide news sooner than now, whether a pipe-dream or a well intentioned possibility, while open to debate, is not that relevant. What is relevant is the fact that they did have the guts to be brutally honest about the risks, having given any of us the opportunity to sell out at prices higher than where it is trading now (almost .03 I recall). I am not saying that that would have been the prudent thing to do, as nobody can predict the price of these penny stocks, but simply that the company did openly share the risk and probably revealed as much info as they could at the time. Similarly, having to continually make press releases on progress is probably a huge distraction, again, given limited resources, and may not be in the best interest of the company or even us shareholders.
Quote from press release on 8/11:
"As it undertakes its planned new Cannabinoid operations, our Company will be subjected to extreme competition and in comparison will frequently have less brand name recognition, operational, personnel, and technical resources, capital financing, and cash flow. Any investment in the Company's securities may be considered volatile and speculative and carries a significant risk of loss. The Company currently is a development stage company, requires additional capital investment for operations, research, marketing and other uses, has yet to prove its new business model or provide proof of concept, and thus any investment may be considered very risky. The Company may be unable to obtain any additional capital on favorable terms or at all."
