Tuesday, August 13, 2019 8:29:56 PM
It's good to reiterate what Development Stage means. From the Financials:
Development Stage
The Company is in a development stage, as a result of the Agreement. During this initial period of operations, the Company is negotiating and entering into manufacturing, distribution, financing, and licensing agreements and developing products. Once sufficient products are developed and produced and distribution channels confirmed and certain funding goals are achieved the Company will enter its full operating stage.
Also found this little nugget:
NOTE 2: PROPERTY AND EQUIPMENT
Property and equipment at June 30, 2019, consisted of packaging equipment. As production had not yet commenced at the end of the period no depreciation had been recorded.
The last thing I recall hearing about what the team was doing is that they were working on product formulation and packaging. They are about branding products and selling them through distribution channels. Getting the boxes and bottles right is a key second step, after formulation. From this, we can postulate that they've got formulas they're satisfied with and possibly acceptable packaging.
Putting this information in a company communication seems pointless, so I don't blame them for keeping it to themselves until they have something more material to report. Like a manufacturing agreement and some financing.
There's been a lot of beefing about the Infusional website not "working," but they don't have the product ready to sell yet, so that's a cart before the horse thing.
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