InvestorsHub Logo
Followers 28
Posts 1975
Boards Moderated 0
Alias Born 11/04/2013

Re: mzasif post# 6510

Thursday, 06/13/2019 6:45:14 PM

Thursday, June 13, 2019 6:45:14 PM

Post# of 46824
MZA,
First I did not drive to the YIC offices yesterday or today. Big rain storm in Central Pa. I called this AM and got thru to Rob, the CFO and Co-Founder. Pure luck that he picked up the phone.
They are very excited about the planned marriage , agreement or whatever you want to call it.
From what I gathered it seems as though the marriage is relatively close but nothing exact. I ask a lot of questions but received few direct answers. If not public knowledge then no direct answer. I had to read thru the lines.
I have no idea as to what needs to be finalized.
I mentioned to Rob that I had read in the recent filings that Everett would be the Chairman and he said yes.
No other phone #'s.
I told Rob that we need PR's and updates and that Everett does not return calls. Seems like Everett's MO.
My final take from the call. :
I believe that the agreement is in the works and moving forward but I do not have any time frame. Since the process started in Jan/ Feb. it would only seem logical that 6 mo. is more than enough time. Hell major corporations do deals in months.
YIC seems to be pushing retail sales but in an intelligent plan /program. Make profit not just revenue w/o profit. It seems that when they re-opened in 2014 all hell broke loose w/ sales like crazy . Demand/sales = inventory/acct. receivable ( good and bad ) A cash infusion should be explosive. IMO.
These are only my observations and experience from reading between the lines. I wish that I had a 500K share position. The ice cream truck is coming but I do not know the arrive date. I will try to visit the YIC offices next week. Everyone should do their own DD. Now just a waiting period. One thing for sure. Rob, is a sharp guy w/ a good head and the others I do not know. Lets hope the best.