As I claimed last week and before, I believed inventory shortages were the reason the minimal movement of the SP after the HD and others PR announcement. PR today backs that up:
Robert Doherty, C.E.O, states, "From a manufacturing standpoint, the Company has been building inventory levels to meet demand. With the growth of the overall sales pipeline, we have found it necessary to take the additional month of October to prepare to fill orders for the on-line platform of HomeDepot.Com, while we filled orders for True Value Hardware, Ace Hardware, and Orgill. We also continue to fill orders for our other products in our existing retail channels including Target and Amazon, and our distributors including Jacent. This additional time allowed us to be stocked with the Grease Beast products at appropriate levels so that we don't find ourselves overwhelmed or unable to maintain our relationships with the new retailers we have acquired."
SP may rise significantly, most likely during and after the holidays, IMO. I am out, but adding at lower SP is a risk most are willing to make. Pura Naturals has a product which is real, mgmt. must be forthcoming regarding it's future.
