Stock takes another hit.
Reading the year-end...
Not much promising to lean on. Unless their new platform can quickly scale sales and create wider margins with increased profitability, the stock will go no where. Percentage wise, Expenses, compensations, and administrative again all grew far more than revenues or profit. Sales are simply not growing fast enough to absorb those increases. Margins will continue to shrink.
The company continues to devour revenue and eat cash internally, leaving nothing for the bottom line or investors to feed on. Existing operational sales decreased both in their MLM and coffee divisions, while new sales grew only thru acquisition. That is a formula that will eventually run out of legs. ROI looks bleak. How will they make this a worthy investment for current and new shareholders even after uplist. There is no revealed strategy that will drive share price. The uplist will do nothing more than create liquidity for the board and sales cronies issued free stock and options while stealing shares from their loyal investors. Current bag holders and open market purchasers of the stock will continue to eat spam. The light remains dim for shareholders imo.
Hoping for a buyout once uplisted at double the current valuation.
