I just received this in email form, not a tweet, from Mark Forney. I think you'll see he's validating everything 'investors' believe to be true.
Mark Forney
4:28 PM (9 minutes ago)
to Robert
Robert,
I don't know where that false no-financing story came from, because Anshu said in the earnings call that they had financing. Here are his words as copied from the transcript on Seeking Alpha.
ZC Top had the facility and equipment, the personnel and a product line to help during this time of global need, but they did not have the capital or global knowledge to accept large scale orders.
Partnering with a US-based entity was a preferred choice, but getting funding as the financial markets began to freefall was not an easy task. It took a while to get funding, but we were able to proceed.
Verus had to arrange funding before proceeding, so we all worked hard to get that done before they inked the deal. The Nutribrands deal took a long time to sign and a long time to get going -- so it was one of those situations where everyone tried very hard to make it work, but came to the mutual conclusion that they should part ways. It was more of an opportunity cost than anything else, because Verus has a lot of unrealized backlog.
TAM is a very different situation, because this is a product category with immediate global demand. So there is no product line development needed -- they just need to get production going. Investors need details and I guarantee you will get them very soon. The Q1-10Q deadline is April 30, so we are now in an 8-day window for the next earnings call.
Mark
--
Mark Forney
MKR Group, Inc.
12198 Ventura Blvd., Suite 200
Los Angeles, CA 91604
office: +1 323.468.2300
