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Friday, August 17, 2018 12:56:26 PM
Ultimately, the questions before us, should be asked by any prudent investor.
What's the product? Patience, RK, Roadkill, Hair salon(relative's hobby?) ice creams struck(crazy),etc. Well, ok, we got something to sell or service to offer.
Where is it sold? Still unknown. Addresses were given, but product couldn't be found. I had two different individuals tell me that they went shopping for the product and both promised to send me pics. Great! The interesting fact is that the two different individuals sent me the same exact set of pictures. Really? That is very unlikely. MediMike, if he even exists, in his genuine online identity, offered to tell me where the product is sold, but never actually gave addresses. Then, stated product is only sold in bulk, and once I offered to buy in bulk, he disappeared. Not much confidence there.
Can the management team verify validity of what is told(financials)? It's what both, the investors and company management should want, to have confidence in the numbers. It's part of checks and balances that management should strive to accomplish. It is a fiduciary duty of the CEO to project confidence in the company data. Obviously there's room to improve.
Lastly, I've requested to meet with CEO, several times, on his schedule. He always had an excuse why he can't meet. In fact, if there's a theme to this company, is that the CEO always has an excuse. It's the SEC's fault. It's the attorney's fault. It's the distributors, and the list goes on and on.
Meanwhile, the stock keeps going down. No wonder there. Ohh, unless the owner is committing fraud and diluting of the stock, multiple companies, on a regular basis. And of course, the fraud-show must go on, for when it stops, there will be even more questions to answer.
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