Good morning,
First, I would thank many here for the kind comments on my Sunday Newsletter.
We started out this morning on a strong hold with minimal sellers this is a very good sign that shares are held in the faithful hands. Many here are now in and the fence-sitters are waiting for further direction from the company. We will get an announcement from the company with respect to the inspection on the manufacturing facility and why I believe for the current climate. We are trading exactly like an investment graded issue.
Expect the 1st quarter financial to be out by May 15th and if the past is any indication, it will be on time. We are now in the growth phase so for any financial statement will resonate with much anticipation on the rev.
Now I would like to address something that the company will likely do within the next couple of weeks, and this is in reference to obtain an infusion of much needed capital. As we are witnessing, the company is in the growth stage and to compliment this aspect of the revolving situation, the company is in the need for expansion which will require additional investment capital going forward. There are many avenues the company can take on how to obtain capital and I believe the way is through a nonequity-based instrument program and involve through either a bridge loan or a VC entity. I believe the company will be shareholder friendly and I base this on the recent attempts the company made to lessen the burden of lowering the share structure and the current setting of No debt instrument to the non-detriment of the dilutive factor. The move the CEO has made is very promising and shows his intent to put the forward equity financing package as a last resort. The company is showing positive figures to be able to be able to obtain financing through conventional means and this should bode well for us shareholders.
I base this on the lack of cash on hand and the rev. is enough for operating expenses in running payroll and the monthly expenditures in maintaining the natural form of running the company, but not enough to elevate the company to compliment the expansion that is going to be required to move forward and beyond and during rapid growth phase the company is on. This is going to happen and as I have mentioned it will benefit us and our ROI going forward.
It is going to be an exciting week to May 15th.
Have a good day
varok
Bullish
