I actually spoke with Mr. Umbra today! I was shocked. I have never had a CEO take my call before. He seemed skeptical at first and asked several probing questions but he answered everyone of my questions, He was very articulate, intelligent and seemed fairly humble for a guy sitting at the top. Not at all what I expected. He was actually really nice and even joked with me. This is what I asked him:
Question: Have you or any employees recently sold large blocks of stock?
Answer: No and in fact he said no one is allowed to sell their stock until after year five (this is year 5) and the company is profitable regardless of how long it takes. He further expanded on his answer and told me that they had a problem with some individuals that did not act in the best interest of the company and he removed them immediately. I think thats why the former President and that other CEO no longer works for him. He also said that he is the only one with the authority to remove a legend or issue stock. he also said that all the original investors that helped him start the company, including him still have their shares in cert form. His is siting on his desk. He has 25,000,000 shares and is owed more but didnt take them.
Question: What is the authorized?
Answer: 400,000,000
Question: Do you intend on increasing the authorized?
Answer: No
Question: What is the float?
Answer: He said he believes it to be around 100,000,000 but he would confirm and make sure that OTC Markets was updated
Question: What is the issued and out?
Answer: Around 250,000,000
Question: DO you intend to do a r/s?
Answer: He has no plans to do so
Question: How are you going to meet the pps requirements to uplist by the end of the year as you have previously stated?
Answer: There is a plan in place, we are currently executing that plan but he couldnt disclose the specifics at this time due to regulations and it being non-public information at this time.
Question: Can you tell me when the pps is expected to go up?
Answer: He said he wouldnt feel comfortable speculating or offering such an opinion as he is not allowed to but he is very confident that many will be surprised about the progress the company has made and will continue to make through years end.
Question: When are you filing the S-1
Answer: Immediately, after third party audits are completed which we expect will be before year end. He said legal and auditors are already retained and in place.
Question: When can we expect anther update or press release?
Answer: Soon. Would not elaborate further.
Question: When will the socks be available?
Answer: We expect to begin taking pre-orders by the end of the month and delivering socks by the end of September.
Question: What are your expectations or projections for sock sales?
Answer: He expects them to do well and has apparently the company has invested heavily in market research, fulfillment infrastructure, staffing and a few other things he said that I dont remember.
Those are the main questions but we did discuss the guns (2016 launch delayed because of the election, anti-cop and anti-gun sentiment at the time)which he has slated for a Q1 2019 release, the medical division which apparently has some of the coolest stuff I have ever heard of (some devices may be launched to over seas markets because they already have approval for them), their alternative energy stuff seemed pretty amazing and apparently alot of research has been done on bioelectricty. I also asked about the intel and aerospace division and thats where his tone changed. He simply wont discuss it. The only comment he made on their Applied Sciences Division, when I asked, was that they do most of their R&D there and that most of what they do is highly sensitive and not public. I got the feeling he didnt like me asking about that stuff at all. His words were "that is not an area that I would be willing to expand upon". I also asked if they are currently working with the government and he said at times they have interactions with the government depending on the project but was not at liberty to discuss that further.
I asked if he would be doing anther investor call before the end of the year and he said he intends to, schedule permitting. I stressed that everyone really needed an update and he said he understood and would do his best to put something out soon that would be of substance. I guess we will see if he does.
Thats most of what I remember. The call lasted almost an hour! I heard a phone ringing at one point and it seemed that it was his assistant or the receptionist trying to reach him. I heard him tell them that he was on a shareholder call and to hold his calls. The guy actually interrupted his schedule to speak with me. Im still shocked that a CEO took the time to speak with me. I could be wrong but I believe this guy is the real deal. Super nice guy seemingly trying to do the right thing under difficult circumstances and overcoming what I am guessing was some internal people working against him. Thank God they are gone because he seems to be on the right track.
Just thought everyone might benefit from what I learned.
