Thank you to everybody who helped me on my initial DD last night. I was impressed with what I found.
First of all, I don't think I can stress this enough, but I really like the share structure here. It was also exciting to see, as many pointed out, that the share structure has stayed largely the same over the past year, which is remarkable for an OTC MJ security.
Over the last year the O/S reached 211,710,738, which is far less than some of the other automated vending MJ stocks. More remarkably over the last year, the company only added a little over 12.6-million shares to the O/S. Some OTC companies can add that many shares in a day. The lack of sizable dilution is a huge positive here.
One of the real bright spots I found was how successful the acquisition of GreenLeaf Consulting LLC has been in the short time period since Endexx has acquired them. This was an incredibly smart acquisition, because many will want to join the "Green Rush," but they will all need someone to advise them on complicated state laws. It's good to see that they are already producing revenue for the company, and if I'm reading the recent shareholder update right, it sounds like they will be bringing in a lot more revenue next quarter.
From shareholder update: "In the recently released 10k annual report, the company showed its first revenue from its acquisition of Greenleaf Consulting, LLC. (a wholly owned division) and subsequently has secured significant new consulting contracts for fiscal 2015."
GreenLeaf Consulting seems poised to bring in large amounts of money for Endexx in 2015 and the years that follow.
Also I think there is no comparison in the MJ vending industry in regards to how good the Autospense looks. I personally am incredibly excited about how profitable the vending side of the MJ industry will be. And I think that the company has a very good plan in place in trying to make the Autospense a staple of medical marijuana dispensaries, by beating competitors to market, and by offering the highest quality product. Also by focusing on legal concerns first, and by addressing customer desires, I think they have hit a home run here.
Also thanks for pointing me to the Vuzix partnership. They are a great partner going forward. It's always good to be associated with a company that also associates itself with Fortune 500 corporations like Apple, and has a $24.8-million investment from Intel. This seems like it can only lead to good things.
Overall, I love Endexx's business plan. They have managed to make great partnerships, and have great products and services to offer potential customers. The share structure and lack of dilution is so important in any start up company on the OTC. Shareholders seem to be rewarded for their investment here, and I believe that is reflective of good management. Not to mention CEO Todd Davis has participated in over 100 IPO's. It's also great to see that insiders hold a large percentage of shares here. All in all, I think Endexx is building a very bright future in the MJ sector.
Once again, thanks to everyone for all of the help. This seems like a really good group of shareholders and hopefully we can all make a lot of money together soon. Go EDXC!
