Everyone please read this about the CEO and how he operates:
Regardless of how anyone feels about the POTENTIAL of Yuengling, this is about Everette Dickson.
How about look at HIS practices and see if there are parallels?
The second half of last year, he PR'ed about acquisitions and the need to use FINANCING / DILUTION to make these deals. For more information about his methods, look at the NEWS section of CZNI. https://www.otcmarkets.com/stock/CZNI/news
2 Weeks ago, he released the following announcement about those CLOSED DEALS, that weren't so CLOSED.
" The contemplated adjustments will be accomplished by unwinding the earlier acquisitions of Oventa Foods and Recipe Food Co, as these projects may require too much time and additional capital to make a net contribution to Cruzani’s bottom line profitability, soon enough. The new focus will utilize Cruzani’s agreement with Burdell partner, in which Burdell will provide a $3mm equity investment into the company. The investment will be made in multiple tranches in exchange for preferred shares in the company. Cruzani plans to use the funds to, retire debt, expand operations and acquire additional business units.
So, in that latest announcement, he sold shares to "acquire" new assets, and now, even though nobody is getting their money back for buying their shares, he announces NEW FINANCING / share selling to go onto buy more " assets ".
I think it is totally possible that AFTER selling a bunch of shares to ACQUIRE Yuengling Ice Cream and YIC Distr., something will happen to that one down the road. Maybe he'll " UNWIND " the deal, Maybe they will realize that HE has sullied their family name?
And before someone says " he is going to be different this time ", let's just say that, This sounds familiar, the same was said by some who bought into CZNI when his exploits were brought to light at FLSR. They were sent to the Grey Market while he was CEO, which is while he was ALREADY gone to CZNI.
Sound familiar? He is now at ARSN and he is at CZNI, which has basically gone dead while this stock is being pumped.
And let's not even go back to before FLSR in his Texas days.