Fine, I will give you something that will make you happy. Don't say I never did anything for you. This is from David:
Hi Mike-
Thanks for the email. As shareholders of the company, we too want to see success and higher market valuations of our company. That is why we announced a Private Placement Memorandum (PPM) to raise capital through equity rather than taking on convertible debt that eventually needs to be paid back at much higher terms - or heavily converted into the market. As you know, we retired every single convertible note (most of it inherited from Textmunication). If one note would have been converted into shares, our OS would be well north of 100M shares today.
We will be making announcements on our PPM success and the launch of our highly anticipated Cordial product line this month. Companies are public to raise capital. We have kept our OS/Float intact while paying off convertible debt and reengineering the capital structure of our company. Insiders receive equity grants once our market value exceeds $100M, so we are in this together.
Our new PPM investors are committed to our success. We have brought on several high-level investment bankers and influencers from the cannabis sector into our PPM. They want our equity (stock) instead of being paid off in cash. That alone should tell you where they think we are heading.
Going into our launch, we will be debt free with cash reserves - and the launch completely funded. We feel our actions support shareholder value.
Thanks for reaching out.
