The response to a couple questions I asked.
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We typically are not paying for services in shares….and, if we were, any shares issued for services would be subject to a 6-month hold by the recipient as per SEC regulations.
We have occasionally used shares to pay for services over the years, but in the last 12 months, I cannot remember a single vendor moving shares out of the transfer agent. Meaning, those shares are tucked away, and not hitting the market. It’s true we’re not yet making a profit.
There are massive changes coming within our business, and we project profitability and massive growth for later this year. I project a Q4 with over $3M in revenue, and profitability. Anybody who thinks that’s worthy of our current market cap (of $20M), should do some more research around the consumer goods space. The folks on the boards, and other investors, at some point, they eventually realize there’s a company behind the “PPS”.
I’d argue that if we get to $3M plus in Q4, and have commitments from some of the largest supermarket chains in the country to be on shelf in early 2020 (our goal is 10k stores), that the Company would be worth well north of $100M at that point ( I can’t say what I really think due to regulations, but $100M is such a lay down IF those things happen, I can put it out there.
We’ve got 53M shares issued. Anybody can do that math. Will more shares be issued for financing, yes. Do the math with 55M or 57M. Even do it with 60M
Whether or not a company is profitable doesn’t mean everything (look at UBER, Amazon, Beyond Meat). But, we do project profitability quickly approaching.
And, for those concerned about the daily PPS, realize that, at some point soon, the trading market gets forced to match what’s happening in the business. That could begin today, next week, next month…when it does, the changes in the market might be rather substantial.
We’re literally producing tons and tons of ice cream right now…people should be able to draw their own conclusions.
