CC Notes
1) Safe Harbor Statement
2) The plan was to file the 10k before today, but the auditor was late getting back in town. It’s not completely done but it’s at the EDGARizing agency (M2 Compliance). Sorry for the delay. When the 10k is filed, there will be a longer conference call (next week). Can't say much about it until it's out. Hopefully Monday or Sunday everything will be filed. Larger capacity CC next time.
3) He cannot OFFICIALLY say he has bought back shares yet because they're not in his books. But he's been working on that.
4) Very hopeful that the APR dividend timeline will remain intact. Some history on his past dividends and subsidiaries.
5) Spent a lot of time in Vietnam with some of his partners that wanted to get in on some of his major initiatives.
6) "Found a big treasure" that he can't talk about until after the filings.
7) Shout out to Cordova for being with the company for decades. XD
8) There is still a lot of work ahead, but the company has never had a big chance like this and we will understand what he means after the filing of the 10k. He's trying to fast track. Should be fully in compliance by the middle of April. He's been talking to someone at the SEC about being in compliance with his reporting.
9) The big O/S. He was able to negotiate with some of the noteholders not to convert but it took too long and some of them couldn't keep them for too long so they converted. He has looked at a number of ways to increase shareholder value, including the buyback, but he can discuss that after the filings.
10) Was making arrangements to obtain a source of funds for the buy back.
11) Estimate value of the dividend too early to tell. Trying to create value for his subsidiaries before they spin off.
12) Regarding patience wearing thin amongst shareholders, we are very close. He intends to list the company on the senior exchange. Didn't say when that would be. There was a plan. The plan was disrupted by events beyond his control, including COVID. Some projects that appeared dead are still underway.
13) Master fund was activated already. Will share more detail next CC.
