Monday, July 30, 2018 8:30:29 PM
At the same time we were outgrowing our existing facility, we had a tremendous opportunity come up that we wanted to jump into immediately, the creation of Bell Food & Beverage. We worked with a couple of friendly investors that love and believe in Alkame. We pulled the trigger with both Alkame and its investors understanding that our ability to grow this business would only be limited by capital and infrastructure, and expanding a business is no easy or cheap task. We stepped into another facility operating at a loss and needed to cover some of that monthly expense. Fronting materials is capital intensive, as we need to purchase and produce the products in order to sell these products. From trade shows to qualified reps, all of these things are going to need capital infused into the business, new debt.
This new debt has enabled us to do some pretty amazing things. We moved into a larger facility, entered the world of hot and cold co-packing, brought in additional infrastructure such as compliance and QC, purchased equipment to maximize efficiencies, became a top producer for Hemp infused beverages (something we could not do in Idaho), certified the facility as Organic, began an aggressive cross-marketing and co-branding campaign “Powered by Alkame Technology” with this new base of clients, and paying down debt. We are almost done with hemorrhaging, and we’re getting caught up on our filings.
What we are working closely with these investors on is what’s best for the company while minimizing the impact on our shareholders. There are multiple options open to us, and everyone involved wants nothing more than to see this company wildly successful. This should be evident to all given the situation, a pink sheet with a stop and now a CE, backed up on filings, and no shares to even issue to these new notes. It takes a believer. Contrary to some questions we received, management is not diluting to line anyone's pockets, in fact management is deferring their compensation and putting everything into the business, believing wholeheartedly in what we are doing. Never sold a single share. As was disclosed in our 10K, some notes from accredited investors have been paid out of cash flow, which is an option we personally are a fan of, and this seems to have been overlooked in most of these questions received. We are talking to traditional forms of financiers and seeking traditional lines of credit. We should be open to these shortly as most traditional lenders would like to see the company have 18 to 24 months in business under their belt. The company wasn’t in a position to do that before, but receivables are growing and getting closer to 18 months everyday.
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