Thursday, October 10, 2024 11:43:59 PM
- Mederos has a few private entities and revenue streams like manufacturing and a few cigar brands, Cubanacan.
- These companies are not based in the usa and most likely won't be integrated with grlf until the books are cleaned up. To me that would explain why grlf only has 3k in cash.
- When he took over the shell grlf in 2021, there were and still are previous note holders.
- in negotiations with note holders but was mentioned reducing dilution amount and as more revenue streams are added. He mentioned buy back and deferring his salary for preferred shares and a few other strategies to eventually improve SS.
Anyways, the biggest take away is some of soflo revenue will be on the next quarterly, which comes out end of December. It's a bang or more of the current bust really.
It was enough for me to risk holding until that q comes out, well expecteding more dilution in the meantime.
Knowing this I can see more shareholders trying to get out, so most likely more no bid for a bit.
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