From a post on other site
My overview of FRMA’s 10K is that we have a new approach for the company. Obviously the mining development ,which was the ONLY company plan, has been supplanted by the addition of the ‘Smart Pac’ packaging interest and the new Sicilian Sun Foods [SSF] private label and branded products.
The new structure will hopefully change management’s historical plan of developing the mining projects via joint ventures when it comes to the two new venues.
These will be developed by placing knowledgeable persons on the management team that can fully develop planning ’in house’. Thus for ‘Smart Pac’ a former senior Procter Gamble executive is developing the contacts and infrastructure to move forward. With the Sicilia Sun Foods the executives of the original company will be running the plants while the Daymon Worldwide has already contributed greatly in placing huge pre orders for our new venture.
The deal with SSF has been capably structured by management to set markers for the release of the 16 million FRMA shares after ebita sales have been filed and paid.
Monies had been raised by PP to help fund developing of the whole company so that it would appear further dilution of the total shares , after the 16M, is not contemplated-Famous Last Words.
The initial “stocking” inventory will be produced from their 2 plants starting before month end and shipped to USA in May to be completed in June.
Obviously the MARKET seems to be in a “show me” mode, can’t blame that attitude. I believe only reports of significant revenue streams will stimulate significant buying-share appreciation.
Personally I use this period to accumulate an increased position. But I am in a position to wait for the miracle. To each their own needs and wants. Do your own DD
