Friday, April 17, 2020 2:16:48 PM
Excerpt from paragraph two page 16: "During the three months ended January 31, 2020, the Company determined that the hemp vendor could not meet the delivery obligation under the terms of the agreement. As a result the Company is in the process of either obtaining the hemp or a CBD distillate to fulfill the terms of the agreement with the profit sharing party, which has been informed of the entire situation."
My observations: sounds eerily similar to the Waldron debacle early 2019 where he was unable to provide satisfactory product and then sued. Also, must be nice that someone is being informed of the entire situation, lord knows it's not the lowly shareholders. We aren't informed of anything! Good news or bad news, any kind of communication we have all been starving for. Finally, and likely most importantly, "The Company will share profits to the extent of approximately $2,000,000 upon the sale of the finished CBD isolate."-so many questions/uncertainties with this statement. Yes it looks good on paper, but will it materialize (or is it even remotely a possibility?)? We all have our feelings towards and observations of Mr Bishop and his actions (or lack thereof), so we'll see!
Good luck to all, I'm still holding and maybe getting more if the price is right.
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