Wednesday, September 14, 2022 11:07:01 AM
- The late filings of disclosures leading to Pink Limited status (amateur hour at best)
- The long dragged out US audit for 2021....we were told it would not be the same long delay this time around but here we are.
- Lack of transparency
It seems like an update on the Mellow closing is long overdue. That includes why restricted shares were added for dilution. Terms of the deal would also be nice to know. And what about this botched name change? Should they have coordinated that with a true official name change and ticker change? If it wasn't confusing before, it's even more so now.
Anyone else notice the Mellow online store has been closed off? Not sure how long or when it will be back up but isn't that the bread and butter of the Mellow business in terms of marketing/selling/distributing other companies products into the UK and now Europe? How does that impact revenue, current clients under contract?
Don't get me wrong, I had and still have high hopes for a turnaround but the petty mistakes and the way they are going about things does not scream out that your money is safe if invested here. Paul seems like a good dude with an awesome background but he has to do better or investors are not going to see any value translated into the share price. If he wants to get off pinks and play with the big boys then he is going to have to do things and run things like the big boys.
Here's to hoping Q3 still manages to come out better than Q2. I may be disheartened by how things have been going here but I am not bailing out of my investment just yet.
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