Wine Maker
Appreciate the kind words. I am far from walking on water or taking a loaf of bread to feed 1,000. However, i know deep down my capabilities and while this is going to be a battle, I do believe that what we are setting out to do CAN be accomplished. This is, unfortunately, for long time shareholders, a perpetual kick to the sensitive area. Been there, suffered thru it myself in past lives.
Currently, and this is going to take a short time to wrap up, but, we are revamping many things that y'all, the investing public, will be able to look at, read and comprehend the new direction of the company.
You are correct, the common stock price is a reflection of the "perceived" health of the company. Alot of times, perception is reality. I wont deny this company has been thru its share of changes, restructures, etc, etc.
Going forward, with the company's new direction, as a "sponsor", which i prefer to say mini-conglomerate, once we get 2-3 of the acquisitions under our belt, rolled up, producing results, file 1-2 10Qs in a TIMELY fashion, the perception of HENC on the street will start to change. That now becomes my job. And i love that part of what i do. Not to toot my horn, but i am the master of the living room, the commander of the presentation room. That is my wheelhouse.
Most importantly, is getting these target acquisitions final, and prove to the Street that we can successfully target, acquire and implement the strategy. My ultimate goal is to build up the Rev base to $100M, drop $15-20M in EBITDA, where now, we can actually get some established metrics associated with the company and the stock. For simple math, a 6x multiple on $20M EBITDA = $120M mkt cap.. Now, we have a track record and raising capital for the larger targets becomes much easier. From $100M Rev base, going to $200M is easier than getting the first $100M. A $200M Rev could drop $40-45M in EBITDA, now youre potentially staring at a $200-250M mkt cap.
But it all starts at home plate. Cant hit the homerun from the dugout, cant make the club from the tub.
Stay tuned....
