Spoke to the company yesterday. I really did not get any new information, but I did get the sense that they are expecting developments of happen soon. Nothing concrete, but they sounded more confident (and less worried) than I really expected. When I asked about revenues, they said that they would announce orders--and include the size of the orders--as they come in. He apologized that they have not announced anything recently, but timing is out of their hands at this juncture.
I asked about issuing a shareholder's update, they said that they have chosen only to put out news that is NEWS and not just a rehash of the past press releases. He was pretty opinionated that too many micro caps companies use shareholder updates and "expectation/forecasts" PR's to gin up the shareholder base, but they are committed to present themselves as a real company--albeit over due for real news.
When I asked them about hemp, it was obvious that they are pre-positioning for what they expect will be the legalization of industrial hemp in the US --possible with the Farm Bill passing in January (their expectations). Apparently, they had a few hemp growers that asked for product try and the growers gave them feedback that said that the product AgarBurstPRO was too effective on hemp to ignore that market.
All in all, I am more encouraged that there should be news soon. I kind of like talking to a small company that has alot of reasons to try to mislead and pump--if just to "buy time" and encourage shareholders. But they will NOT do it because it "undercuts our future credibility".
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