I just spoke w/Mr. James & Mr. Kras and we spoke for a long time. I made it very clear that we would like to be better informed and kept up to date on a regular basis. However, they remained unchanged in their approach and will only put out a PR that they feel is newsworthy. I can tell you that at times it was frustrating trying to get my point across to them on how they could improve their communication to shareholders. I used the example of what they shared in that interview that would have been great information to share in a business update to their shareholders. Unfortunately they are not planning on going that route and will continue as they have with their PR's, despite the depressed share price. It was hard to get a word in as they defended their position and missed the point I was trying to get across to them.
Now, despite their unwillingness to change their communication approach, they made it very clear that they are moving the business forward, including their CBD initiative and also made it clear that they think I us shareholders will be very pleased with what they have coming. Some key points were:
CBD continues to be a priority and they are moving ahead on all fronts to get this to market at the earliest possible timing. There are plenty of steps that need to be followed to ensure a successful launch and that is what they are doing, even though it requires more time than many anticipate. The fact is there hasn't been any issues or changes with their plans to get their initial CBD product to treat pain into dispensaries. As I thought, there many issues that come into play that require the necessary time to complete before the product can be launched, which is what they have been and continue to work on to get this in the market ASAP! Such things like, manufacturing, labeling, legal issues, formulating, ingredients, regulatory approvals, etc. etc., that all need to be handled before a launch. They are very excited where they are in the process and reiterated that they think we will be happy very soon, regarding their CBD initiative!
Bikini Ready is really keeping them busy as sales continue to explode and drive the business. It was very clear that they think the market has overlooked this new brand that is really taking off this month!!!!! They couldn't say enough about how excited they were about Bikini Ready and the potential it has to become a major player in the dietary space. Even the Slim Trim brand is seeing notable increases.
Surgex, MSE, & OM Essentials also continue to be big brands for the company and they too will continue to grow behind increased distribution and increased awareness campaigns. The recent announcement about Surgex expanding outside the US should give you an idea what they are continuing to do drive growth.
The main point is that the stock is highly undervalued and despite that they will not change in their approach, which will at least provide investors the satisfaction of knowing there will not be any over hyping or pumping of any sort with this company. They will let their work, accomplishments, and sales growth do their talking for them. Despite my differences with them on how and what they communicate to us, this remains a great investment for the future. Cheers!
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