I read the 10Q the other day and didn't see any surprises.
The company seems to have found a formula that works (acquiring or even consolidating the composting/soil management industry through a third party entuty, EPH) and it sounds like they expect to continue making progress through the rest of the year.
"Management anticipates facilitating additional acquisitions through EPH in 2019, and upon the completion of such transactions, expects that its management fee to oversee the operations of EPH and its subsidiaries may be increased. Further, management is pursuing other revenue producing contracts and opportunities for the Company including licensing or developing soil science and product brands that can generate revenue through sublicenses and soil sales either from EPH or other companies, and also utilizing its experience in completing acquisitions to help facilitate non-competitive transactions for third parties for a fee."
Additionally, I don't have the quotation handy, but they've also hired additional employees, which I'm guessing means they would have cost effective reasons for hiring.
We're still a developmental stage company, but seem will in track to becoming more than we were. If and once we get past the "going concern" aspect of being a start-up company, we will likely be trading at substantially higher levels... hence the reason we dabble in penny stocks that we think might have a future.
I was a little disappointed to hear that our related third party entity, EPH, didn't record a profit for the past quarters, but expect this reflects the seasonal nature of their revenues.
Also, it's not insignificant that we actually have revenues to report and that they are growing quarter over quarter.
We may not have a get rich quick company here, but from all appearances we have a real company that has found a viable growth strategy, with the added potential of an exclussive product marketing agreement that just might work out to become a viable steam of income.
Watch for opportunities with those you trust.
