Great summary. It's clear to anyone who reads your posts, they are well thought out, logical and on topic.
There are positives in CANB's favor and issues as well. We are set-up to be uniquely positioned with FDA rules/guidelines once published regarding CBD. At the same time, we have issues which have impacted our SP.
Excessive expenses via comp plans with nothing tied to revenue delivery on a small growing company, does not instill confidence. I have read each directors bio but don't know what they do daily to help CANB become a strong CBD company. Lots of shares given out, but not a lot of accountability.
After communicating with Marco multiple times the past 9+ months, I don't see his strengths outweighing his weaknesses as an executive. It's one thing to have vision, it's another to be very disciplined and understand how each action taken will have a reaction.
They should be very focused on getting Pure Leaf into retail chains along with creating an exciting, interactive website for Pure Leaf that gets folks wanting to try those products. I don't see strong sales for Pure Leaf and that must be addressed with a concrete, executable plan with timelines for delivery. Otherwise, we won't be able to carve a niche in the very competitive CBD space. There is no one in CANB who knows how to develop a retail strategy and we will suffer.
Canbiola is different audience. Doctors and patients and they are doing OK here; however, the idea of vending machines is BAD. They are expensive to build and maintain and I don't see CANB getting bang for the buck (using OUR shareholder money to do so). They need to focus on delivering exceptional products under the Canbiola umbrella which are worth the money as they are high priced. People will pay if they deliver exceptional products which doctors recommend to their patients.
I hope more shareholders reach out to Marco as I've done and hold him accountable. It's OUR shareholder money being used so we have some clout. No one forced CANB to go public. With that comes scrutiny from forces much more powerful than the Hub.
For now, my 550k shares are holding as they've done for many months. I was disappointed after reviewing the most recent 10Q on the issues which are front and center impacting our profitability and SP.
Without shareholders going direct to Marco and voicing concern, I don't think they will change and ultimately that may keep us from getting to $.20+ or higher which is well within CANB's reach with solid execution. Posting on the board is OK but won't change things. Going to the Marco direct is action.
Thanks for all your contributions. I think you should change your handle to The Professor!
Peace.
CF
AI
