I emailed Garmatex CEO and he called me this afternoon for a 20 minutes chat.
He seems like a great guy and he's passionate about his products and technologies they have developed so far. Darren truly believes they have incredible products and IPs. He wasn't there when they tried to go public in 2014. They were in a lot of trouble at that time with a 4 million debt with convertible debentures and almost went bankrupt. This is why they are now owned by GRMX and they are planning to make some important changes in that regards by the end of June.
They also have other exciting news to release in the weeks to come. He talked about Xcel and Asics partner and an incredible microfibre product that is becoming very popular. When I talked about the stock promotion, insiderfinancial article and stock movement, he said he couldn't care less about these things even though he feels sorry for shareholders when the fluctuates like that. He said that they are in a better situation than ever before, will have no debts within the next 1-2 years and have unique products on a very lucrative and huge market.
I hope that helps, nothing concrete but it was interesting to discuss with him directly.
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