MNI.com Interview did take place yesterday with CEO Bill Kearny as announced by a few on this board.
Here are some facts he stated from the interview:
1)He owns 82% of the stock in PDSC and has invested some 2.5M of his own money. The company is debt-free!
2) He is filing the 15C211 and then the 10K once it becomes a reporting company. No time frame mentioned.
3) He plans to travel within 10 days to Dallas, Texas to open up a new 128,000 sq / ft manufacturing facility to service various types of customers, i.e military, restaurants, retail stores, just to name a few. It will take him 60 days to be up and running. The revenue from this operation will produce over 350M per year!
4) Within ten days 4 retail chains will annouce that they have installed and are using his Ozone-Ice Machines in their produce departments. He states that revenue from these chains will be approx 6M per year. If more retail stores join the ranks that number rises. His margin on the machines is 40%!
5) He states that he cannot return shareholder telephone calls because he is very BUSY putting deals together. Not sure how big his staff might be but he states that he is working and traveling to get this company moving in the right direction. I think he reads the boards as he does not like some of the complaints he is reading!
6) He states that the high volume was due to perhaps those shorting his stock but he believes that is over.
7) Atomic-X is not generating any revenue at this time.
8) He has facilities in Greensboro, NC/ Phoenix,AZ and coming up in Dallas,Texas. He also owns the company that manufactuers his machines with the initials IFS ( Innovative Food Service).
Overall, it appears that Bill has a full plate with his new PR's as well as traveling to Dallas, Texas in the coming days to announce his new facility. What is odd about all this news is that it costs alot of $$ for all of this to happen and as he stated he has $100,000 in cash! Who is bank rollin this companies expansion plans and current expenditures ( fix expenes)? If this is a full fledge company with a board of directors with the normal fix expenses I have to believe that $100,000 in cash would burn in a matter of a few months!
It all sounds great but as they say if it sounds to good to be true it usually is but then again Bill might have a few aces up his sleeve after the screw-up with Stone Financial!
Conclusion: Risk only those $$$'s you can afford to lose!
Investor100
