It's becoming increasingly clear that the best days are behind us for Dewmar International. Marco Moran can no longer be trusted, and for that matter, probably never should have been in the first place. The sudden spike in the PPS in February 2014 had nothing to do with the value of the company. It was orchestrated by a combination of factors, most notably a PR from Moran stating that there was no more toxic debt or dilution. Added to this was a pump and dump campaign by numerous penny stock groups that were paid to promote the stock. At no time was DEWM worth .034, and in my opinion, based upon months of research, it will NEVER see anything close to .01 again.
When I communicated with Moran 18 months ago, he told me that good things were about to happen, but that patience was needed. Nothing has changed since then. Also, I exchanged numerous emails with him over the past 6 months. I was so excited to learn about the progress that this company was on the verge of making, and the multiple revenue sources that were about to become reality. Nothing that I discussed with him has seen the light of day. It was all a bunch of BS to keep me in the game.
Unfortunately, what Moran implies in his conversations, PR's or emails, seldom come to fruition. The fact that the company is nearly two years behind on financials should be a red flag for all. Those people who post that multi-pennies are coming soon, and other such nonsense, need do nothing more than look at the abysmal record of this CEO. He promises and promises, but never delivers. Sure, according to what I read on here, Kush Cakes are selling well. The problem is that regardless of how many are sold, it's not enough to resurrect this company. As for all of the other products in the pipeline, other companies have already beat Dewmar to the punch. The bottom line is that Dewmar has nothing of additional substance to offer.
I expect that the next time that we'll hear from Moran will be on 11/11, which is Veteran's Day. He likes to promote the fact that he's a veteran, even though he didn't spend a single day defending our country. In all likelihood, his comments on that day will be more of the same. I anticipate more forward looking statements and promises of completed financials. If you look back to the President's Message from 2014, take notice that he anticipated that all financials would be up to date by early 2015. As we all know, he failed to deliver. No doubt, the same language will be used in this years report, only this time he'll anticipate that financials will be up to date in 2016. We all know they won't be.
In my opinion, Moran is an expert at illusion, just like a magician. I no longer expect anything that he promises to pan out, nor do I expect the Kush Cake sales to have the positive impact that others are claiming they will have. As mentioned, it's too little, too late.
This CEO has a history of over promising and under delivering. The fact that the financials are nearly 2 years out of date tells it all. Believe what you want, but from my viewpoint, and having communicated with him extensively over the past year, I can say without question that what he says, has little to nothing to do with what he does. Based upon Marco's track record, I don't expect to see much if any in the way of improvement in the PPS anytime soon. I expect the stock to remain rangebound until the President's Message. Than, as before, the price will spike for a few days, only to settle back down to where it is now.
Feel free to disagree, but I honestly believe that the end is in sight for Dewmar. In my opinion, there is no future. All of my excitement has been taken away by the failure of the CEO to follow through. It should have been a red flag for me when I was told that his pharmacy license had been suspended, not once but twice. When you're excited about a stock, as I've been with DEWM for a long time, you tend to overlook the obvious.
In the hands of a different CEO, Dewmar may have been successful. With so many things in the pipeline, you would think that the future looks bright. Hopefully, my opinion turns out to be wrong. Moran has Illusions of grandeur regarding his company. Sadly, these illusions won't translate into a successful company.
In United States business law, a forward-looking statement or safe harbor statement is a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. We've seen all too many forward looking statements from our CEO. It's time for Marco to put up or shut up. He needs to act on what he's saying or stop talking about it. Time is of the essence.
