I agree. Any business must generate revenues and ultimately show profits in order to exist and be sustainable. MATCHAAH is a young company with plenty of hurdles ahead... but the company has an experienced CEO with a proven track record for turning infant companies into profitable success stories.
I am just pointing out the fact that, in addition to producing several seemingly impressive MATCHAAH products, getting those products selling online and on retail shelves, and setting up several new supply chains for additional retail distribution, Henson is also taking the EXPENSIVE and EXTRAORDINARY step of obtaining a PCAOB audit. One must ask WHY? Does Henson have plenty of extra money in his pockets to burn? Does he also enjoy root canals, colonoscopies, endoscopies, barium swallows, prostate exams, urinary catheters, etc? PCAOB audits are excruciatingly arduous and painful for a young company... not a fun exercise. No CEO would choose such punishment if there wasn't a big reason and prospects for a significant future reward.
Becoming an audited, fully reporting, SEC registered company trading on a credible exchange... even if just OTC QX or QB... not a stock quotation board like OTC Pink... should give the company a huge credibility boost with the market. I'm not asserting that up-listing guarantees the company's success, but audit transparency, regular detailed reporting requirements, and SEC approval of a registration statement are certain to enhance the company's credibility and give investors more comfort in trading the stock.
As a MCHA shareholder, this kind of news (frankly, almost any news) is encouraging after months of silence. Now we need to see evidence the company can sell products, make money, and give our stock value. That's the bottom line for me.
I lose more times than I win... but sometimes I win BIG!
