Since many of you have been complaining and not reaching out to the company, I reached out. I still find it ridiculous that we have people here complaining about the stock and not calling the company and then giving me excuses as to why they can't. Please save those excuses and don't whine about the share price if you're going to provide excuses. I am tired of these relentless posts about the PPS. Every share holder knows this, none are children here. That being said, I've asked some key questions to Jack Rein and he's provided some answers, though vague due to SEC rules as expected. *Please do your own due diligence as I am not responsible in any way for your buying and selling of this stock. *
-EZ health solutions deal is still on going. Intellectual property transfer process is still taking place.
-No RS or share restructure is planned. So don't listen to Shaark's BS posts about RS and what not. A RS would destroy us right now. Moving up to the new OTC tier is still a goal of theirs and they will pay cash to do so. The OTC requirements are something they already meet and the company feels that by moving to the next tier it will bring forth new eyes and bigger investors.
-There are good things coming up for the company. They are still growing from the inside and have been receiving great feedback from long term share holders on the direction of the company as many have said they see the light at the end of the tunnel now that many of these catalysts are so close.
-Major catalysts are California going legal in Jan and Canada in June 2018. In both scenarios Acology is well positioned. They are currently attending meetings regarding California licenses for Manufacturing and Distribution. They do not know the pricing for these licenses as CA has not disclosed as of yet.
-They are working on new partnerships including strategic partnerships and have been receiving great feedback from others. They feel confident about the company and its direction.
-Right now they feel the investors' concerns about the PPS and ask for their patience a little longer as we are all at the spear point of our wait. Look back through previous PRs for goals by year end as company is confident they will be able to complete all of these. Since 2012 to present the company has not provided information to shareholders that the company has not been able to accomplish and this is the procedure the company will continue to pursue to stay compliant with SEC and to not provide false hopes for investors.
-10Q IS GOING TO BE POSTED ON TIME. The numbers are not OUTSTANDING but Jack feels it is the best 10Q to date as the company has been hard at work.
-Discussed the PPS issue and investors not happy with the way that news is being absorbed. He stated that the entire industry is like this and Acology has fared better than others. Right now everyone is waiting hence the stock price we see now. Also day traders are not helpful either (*but that should change once we get actual news*). They see a lot of companies that are pump and dump and that manipulate the PPS and they do not want to do that as they want to be compliant with SEC and do not want to invite any unwanted attention.
-They are working on new products to manufacture and are attending meetings now to discuss these opportunities. If you're near the area, you are welcome anytime to visit their facility and see in person that everything they've stated is true.
After speaking to him, i think my notion of still staying invested is firm. As the company is on the brink of producing great results. Especially with all these catalysts coming up so close now!
