Compensated Awareness Post View
Disclaimer
GLUC IR responds to "moneysnip"
moneysnip says: "MAJOR DILUTION"!!!
GLUC dilution from the time the current CEO took over the (failed) BISU business (recapitalizing the company, substantially reducing expenses and revamping the products), to today:
1st Quarter 2015 = 1,669,874
1st Quarter 2017 = 3,312,273
It is not factual to describe 820,000 shares per year as "MAJOR DILUTION." Even the 10 million shares worst-case scenario moneysnip mentions, would be considered reasonable dilution given GLUC's 2016 achievements of (1) revenue from operations and (2) gross profit. Is there another Pink Current or OTCQB company with just 3 million shares I/O (or 10m!) and with (audited) gross profit?
moneysnip says: "I don't see the company paying back the notes for a number reasons"!!!
GLUC 10-K March 28, 2017...$65,000+ Notes repaid from GLUC cash-flow.
"On July 21, 2016, the ($30,000) loan was repaid in full."
"On July 29, 2016, the ($35,000) loan was repaid in full."
moneysnip says: "The company needs to "sell" their receivables which means they are in a position of cash flow weakness." !!!
GLUC signed a receivables financing agreement with CITIBANK. The interest rate is less than 2% and amounts to pennies on GLUC purchase orders. The financing ensures GLUC is paid within 7-10 days of generating an invoice. Is there another Pink Current or OTCQB company with a financing agreement from a NY money-center bank?
moneysnip says: "I do have a stake..."!!!
Then why are you bashing GLUC?
