I have had and still own some great companies but lousy stocks (as far as money makers). People here, obviously ELSE can be a disrupter in the infant , toddler food industry. This is a speculative stock and with that can make you lots of money and can also leave you with big losses. Lets remember what the company is bringing to market. Many longs here are attempting to calm emotional investors, kudos to them. Below is part of an email from Else, call it bullshit, or respect a response and take a chance with your stock. But calling a new company a liar or predicting their next “bad” news release is a move by a shorter in this stock that didn’t get their bounce to get out.
There are different views on here, each one has validity. As investors we obviously hold management accountable with timeframes and filings.
With this being said, most companies deserve a pass due to the current market conditions because of Covid-19. Now as things progress, I personally would like to see one or two more news releases to update investors as a whole. I appreciate their transparency with individual emails but to ensure all are updated in a more broader range I think a news release would be more helpful.
Most importantly, at this moment I have absolutely no reason to believe that this company and in particular this management is not executing on all the things they have mentioned. Some investors will become impatient and those not comfortable with some ups and downs should try to block the noise after holding this long. Meanwhile, I’m holding all my Shares and will be looking for any opportunities to add. The anticipation of a cutting edge patented product in a plant based sector that Is red hot is a no brainer to me. Also the backing of H&H's strategic investment in Else and the distribution agreements for several territories including: France , Australia and China is great growth for this company!!
And, if that’s not enough this stock with only 34 million public float will take off and not look back. The decision to short, flip, swing or invest is to each their own. Just don’t be left chasing. GLTA.
Email:
With regards to the extension for filing FS, the Exchange and the Commission provided the additional time as they felt that certain companies will not be able to complete their FS in time as a result of COVID -19. If they thought otherwise they would not have provided this relief. This was also done on the OTCBB. Else Nutrition has operations in Israel that have been generating revues with our legacy business. Majority of that business is providing certain products to the health care sector, namely hospitals as well as marketing baby snacks to end consumers via multiple grocery and drugstore retail chains. In a normal environment we would not had an issue with completing our FS on time but given the lockdowns due to COVID – 19 has caused certain delays, particularly in the health care sector. We will continue to do our best to get the FS completed as fast as possible.
Regards,Sokhie
AI
