Hi JC, I can see your discomfort level against me for not trusting the CEO completely, especially when I had so much believed in him in the past.
So mistrust of him is not on everything the company is doing, otherwise, I would have sold my BLEG holdings and moved on without wasting any more time on the BLEG board. I strongly think he needs to clarify his shareholders mainly on conversions because that was the main cause of the recent big drop, which may have made many existing and/or new investors to either leave or stay away from this ticker symbol. We need to know how many preferred shares are left that are planned to be converted and when do we expect them all be converted into our current Outstanding Shares.
Secondly, he needs to clarify why is there a need to increase A/S at some point in the future...that indicates there will be more conversions down the road which will trigger an increase in the O/S to probably a much higher number exceeding the current 900m A/S and therefore, he will be forced to increase the A/S to accommodate the future O/S increase.
Btw. here is what created my mistrust >> he told me in my last phone conversation with him just a month ago, that there will be NO increase in common A/S. The ONLY increase will be in the Preferred D series A/S. If that was the case, then why in one of his recent tweets he stated that there will be an increase in A/S later in the future for him to run his company? That's why I told you why I don't want to call him because I can not fully trust him on what he will be telling us.
And my third concern is that he needs to stop saying so much (hyping/bragging) about the future quarter earnings. He always told me that this Q1 earnings will make a difference, showing how well his company is progressing based on overall performance (mainly revenues). But guess what, this Q1 had nothing, barely any revenue. To me, they just met the SEC - Q filing deadline. The Q only confirmed all the acquisitions they did in this last quarter and the amount of preferred shares that were issued to each party and the worth of equipment (asset value) that came along with it. I don't think anyone got too excited about this release, only that it was filed on time. After what I saw in Q1, I am no longer excited or keeping my hopes high on Q2 or Q3 until the revenues are confirmed and achieved for Q2 before its release.
In the end, I am very glad to see his yesterday's "Shareholders Newsletter" clarifying what he will and will not be doing...this may help regain the trust back depending on whether he sticks with his words and nothing abruptly changes without shareholder approval or at least informing us much before time.
Anyways, I like your NSAV pick...huge revenues reported...like $200m in this Q. I am also in on this one. No clue about KGKG but I am also in RONN. They signed up a huge 100 Euro Pounds agreement. You may want to read the News on that.
Also, as I told you in the past I am heavily engaged in trading in small Nasdaq penny players...just for example; I got in $FIEE at .13 and sold at $1.37 yesterday (just within 48hrs), and now it is at $2.66 pre-market this morning. It may climb up to $100+ like AMC, GameStop >> REDDIT MEME stocks....who knows? haha!!!
Anyway, all the best.
And Take care!
