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Wednesday, April 12, 2017 8:51:49 PM
First, I was very impressed with Tony, he made no attempt to try and put on a dog and pony show, was very professional and personable. I found him to be a very honest and obviously hard working man. He is proud of what he has accomplished and from what I saw of the operation, he has every right to be so. We spoke about business and many other topics, but what impressed me most was our conversations about his family and the pride and passion he showed for them.
The factory was nice size and totaled around 3,600 square feet of space. About half of the space was devoted to a clean room where the cutter machine he showed in the video is housed and where the bottling line will be installed starting next week. He had a run just finished that was to be shipped this afternoon to MJNA. He gave me some samples of his apple and chocolate chews that he had ran, and they were both very good in taste. He also provided a few other samples for me to take home and try, so I could report back my experience with them. He is driven to succeed, and I have no doubt he will pull this off.
As a shareholder, I did not want to cross any lines and he did not offer anything that was not already known. I asked about the DTC chill and he said he was working to get it removed, but that it was not a priority because he did not need to get anything cleared at this time anyway. I saw the volume spike that had hit when I was leaving, we were around 150 mil, and imo with the chill having been in place, it has to be prior shareholders selling or some other reason. If you try to sell or buy on Ameritrade as of this afternoon, it still gives the reason you can't open or close a transaction as due to the chill, so I don't see how this could be dilution.
He said no one will know when the PR is coming but it will come when the OTC is ready to go current. He spoke of the mess he inherited and that he feels a moral obligation to see this cleaned up for all shareholders. He said he did not own any commons and does hold Preferred stock. He also said the current Float is 2.2 Billion shares.
I think that about covers it. As always, this is the Pinks and nothing is ever guaranteed, but I do believe Tony is the right guy for the job at hand and he is doing all he can to right this ship. It is easy to condemn others, but I'd advise anyone that has any doubts, contact him or visit the plant yourselves. It was definitely time well spent, great to see a business being born. And for any entrepreneurs or those with sales experience, he is looking to add distributors, and it appears to be a lucrative opportunity. GLTA
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