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Friday, May 14, 2021 9:03:47 AM
Big call with all CEO's and CFO's discussing "reporting standards" and "time-frames". This has to be about S-1 and uplist. He mentioned previously S-1 already being partially drafted. They probably are pretty far along and are aggressively moving towards the uplist.
They changed the name of the vtec now viratec (have no idea how to spell it) which tells me that they are pretty far along with FDA (branding s usually towards the end for trademark purposes).
He mentioned last video and its obvious hes talking about the gun stuff in the background. he sort of went out of his way to say that there is nothing here to see and then started talking bout news to come. I wonder if something is happening with the guns?
He made a comment about "technically" already being current which is true considering but it tells me they most likely already have opinion done and its being reviewed.
They are NOT holding Q1 so I expect it will be out either today or Monday.
There will be a video today updating us. The reason this is significant is why do a video today if you did one yesterday? He obviously has something to talk about. I dont get the sense that this CEO likes wasting time so doing anther video must have a purpose or else he wouldnt do it.
They are putting ALL revs and acquisitions in to Q2. I think they are doing this for 2 reasons: 1-to simplify and expedite filings so they are current without having to compile 6 companies financials info 2-to put all revs in one Q so he can walk shareholders through it (he has mentioned many time that people dont understand how things work). Doing this has many benefits and it really shows how intent they are to get current, educate shareholders and be transparent about what they are doing.
I have to say that it seems obvious that he thinks that there are many shareholders out there that dont understand as much as they think and he wants to educate them. Hes correct IMO and I think its awesome that a CEO cares at all about that. It will be interesting to see how he approaches educating everyone. Probably through the video series he mentioned.
Hes wearing a Next Cast shirt. He was wearing a UAT Arms shirt the other video and it tells me that this CEO is VERY active and integrated into ALL the operations. I can tell you from first hand experience that this guy does seem to ALWAYS be working regardless of day or time so I think the progress is the result of his work ethic.
The Next Cast casts and vtec/virutech? are still on the desk behind him.
Let me know if you think I missed anything?
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