Call with the CEO.
Thank you @HenrysHouse for great work!
$ICTY
So, I called Bradley, I won't say where I got his number though if you guys do some digging, it's very easy to find, and hint hint, you probably all have used this website to do stock research on OTC stocks. That being said, probably wouldn't be the best to flood his shit with additional phone calls, from our conversation he is VERY busy, which I am excited to hear. Not just busy with, ICTY, but partners, acquisitions, product lines, and business structuring for ICTY's new cannabis venture.
What we talked about:
1. First and foremost the website! B.W. said it was supposed to be up today! So their web developer just didn't get it done, I imagine we will see cannadevco.com/ be up and running by the end of the week. He said there will be an investor relations page, and I didn't press him much farther than when the completion would be, so that is that.
2. Share Cancellation. B.W. brought this up himself, he told me that he just got home when I called him and was looking at the final paper work to be signed for the cancelation do the 2.4 billion shares. All that is left for that cancelation is to get one last signature from a special person at the bank, I was iffy on the terminology, and that it just needs to be sent in after that for all paperwork and filings to be verified, possibly 3 weeks tops before ICTY has successfully canceled 36% of their float! This is huge. He said there are even doing MORE SHARE CANCELATIONS IN THE FUTURE ??, Specifically, he said there were a few certificates of 500 million and under shares, that have been lost by their holders, and are basically ghost shares right now since they are privately held, he would like to cancel those, and has been asked by many shareholders if he will be doing so.
3. He said that he is anticipating to reveal news about the partnership with Wildfire Cannabis within 2 weeks, and give a run down of the new acquisition with Mountain Sky CBD, including new products they will be adding, and future market segments they have and will be looking to venture in, he mentioned their are already products that are basically past their preliminary R&D phase. Specifically, he mentioned CBD products for animals, and as a major focus to that category, horses, using bulk biomass as a feed, AND making supplements to mix with that feed for injured horses. He mentioned this product has been tested and that they have many individuals looking to sponsor and offer testimony of their satisfaction with this product.
4. They are currently still looking for more strategic partners to help distribute the brand they are trying to grow. He said the goal with Mountain Sky is to ultimately be a one stop shop for many of their CBD and hemp products. So, their 50/50 partnership with Wildfire Cannabis, is obviously the supplier of biomass and maker of all of the materials that Mountain Sky will sell. He couldn't say that Wildfire and ICTY would like to merge, but I think that is the ultimate goal here once they have a legit supply line and substantiated products that people love and repurchase. They need that revenue.
Further more, Bradley said ICTY, is building retail partnerships so that they can wholesale their products to brick and mortars, and make sure that they can move more quantity than just what the traffic that Mountain Sky can bring to it's website, additionally he mentioned Mountain Sky is considering a brick and mortar as well.
5. He mentioned, that they would like to do a private placement or equity raise eventually, and that either the stock price needs to reach up or they would like to do a private placement. But, currently the share structure and the SEC will not allow for any private, or public offerings for many OTC stocks if their share structure and stock price is not supportive of said offering, or even a split. He said volatility in the OTC market is currently making the SEC cautious and not allowing companies do to equity placements, because their share price spread is too high! So all of these multi thousand percent runners are basically untouchable by offerings because their share price is too volatile and the SEC won't consider approving offerings or splits because it would be irresponsible considering the chaotic nature of this segment of the stock exchanges currently. Mind blown! Was really crazy talking to him about this sort of thing.
6. He sounded exhausted! Like he was working hard on all fronts, and he wasn't all glitter and glam with me, it was like talking to my fucking father about his day went guys lol. He was very much down to earth, clearly wanting things to work out and just having a hard time fielding the massive amount of work they have been putting in to get ICTY running it's new business model.
He wants to remain an umbrella corporation for multiple avenues under ICTY, in the future Canna-Development Corp, and have a bunch of subsidiaries expanding outwards that support the business in taking up new opportunities through partnerships and acquisitions.
Lastly #7. He said that I can contact him if I ever have questions concerns or comments, it was a very cool conversation to have and I was glad to be able to speak with the CEO in am amicable and informative manner, without it all feeling like he was trying to put on airs. He said he is very open to investor comment and ideas, and would like Investor relations to field questions about developing business opportunities that they might not be aware of, many of us know the cannabis industry intimately, and as investors might have some very appealing or enlightening information on developing better business or services. I liked that he said that because I can't think of many companies that will truly take ideas from investors, and this is the market to do it, the consumer knows what they want and should be telling companies how they want it.
I will be talking with him more in the future, but I'm super happy to have gotten the opportunity to speak with somebody about investor relations today, and the CEO no less. We will see what happens this coming week, #1 needs to get done and that will be another tick in my vote of confidence of ICTY's face current trasitionary face lift.
AI
