Well I agree in part, this is what some of us are saying it has to be merger, cause these two are too closely aligned and it's a conflict of interest. This guy is the CEO of other company too.
I would not agree with CEO being in two companies that are practically aligned in strategy, thats a conflict of interest, it has to blend together. Very valid point was vrough up, there is intelectual property related to the established distribution routes and knowledge, that is kgkg shareholder property, and CEO must act on shareholder best interest, any attorney would bring this up as an issue my thinking "not being an attorney opinion". They just cant add verbaige to the filings after and state clauses the ceo could do this, this was not something i would not have agreed to when i invested, so you guys could have all the distrust in RC u want, there certain lines where that really doesnt matter, the legal aspect should make sure shareholders best interest is protected. 101 CEO handbook. This has to be a merger at this point, my opinion, dont see how this would shape up anyother way at this point. Even if RC gets traded and we get new CEO, he took role while serving our best interest.
I get the other side is a shell and just an idea with an angle which is really all that kgkg could afford at this point of the game cause we can't actually aquire any existing brand lines at this point.
Guys I think RC is not all that bad as a manager, he has anticipated issues and taken action and made great moves at times. The Ooh la lemin move that is what is holding us up here right, he figured out that the cbd was not being accepted in industry as we he desired so he made a tough decision to switch company strategy to a lemonade "during economical hard times" if you think about it, guess what that is in school of business books, alignment of lemonade and recession periods. It worked. Now he is addressing another concern I had, diversifying your product lines, check. Has a game plan, check. Angle, check. Checks coming in, where's the check ;) no check. But u know what I mean.
Hey that other ooh la lemin, I said should be used as a alcohol mix sold at liquor stores, that thing is freaking strong tasting stuff but when u mix in with alcohol you don't even taste the alcohol, at least on taste test I did when I couldn't drink the thing by itself. Taste amazing as mixer. O another RC move, he went to the sparkling version which is the main mover of ooh la lemin from what I see.
I think some want that ticket out with that one big winner and retire, get away, these things are long term plays ya'll. So is this acquisition, easily 2-3 y before seeing its potential really show. Fellas I think RC is ok, but if this dude thinks he's going to not hear from shareholders in running two companies with conflicting interest...I might be voicing my thought a little different
