Summary of Robert Oppenheimer Call 12/09/2009
Mach,
I created my account late last night, but didn’t get a chance to write this up until now.
I spoke to Robert yesterday evening for about ~20 minutes. Overall, I came away with a positive outlook.
First, the facts:
Robert has been in recent meetings with the co-packer(s) concerning their upcoming production run.
Robert confirmed to me that the share structure is the same as reported in the September financial statement (500m A/S, 5m P/S, ~390m O/S, and ~90m Float). He also confirmed that shares held by company insiders are restricted.
Robert also confirmed that Paul Wilkinson’s upcoming appearance on the ‘The Balancing Act’ is proceeding as scheduled and that Paul will be traveling to Florida next week for filming.
Of course there are always topics that investor relations folks are not allowed to discuss due to their proprietary nature. At the beginning of the conversation, I told Robert that I understood that and when I asked a question concerning such a topic to tell me and would move on. The current round of financing was one of those topics. Unfortunately, I am unable to provide any information on that subject.
I also expressed my concern about the lack of company information being provided following the initial funding announcement. I explained that from an investor point of view that when an information void is created, rumor and speculation run rampant and the company’s reputation (as well as stock price) can be damaged. He said that he understood my concern and would try to provide information soon.
DISCLAIMER: The following is speculation and my personal opinion based on my conversation with Robert.
I am not overly concerned about the current round of financing being fully funded. I realize that the company’s desired method of financing is through its preferred shares. However, in this current economic climate, that might be proving more difficult than originally thought. The company could conceivably have to exercise one of its other available financing options in order to reach its current goals. Either way, I am confident that the most conservative viable method of financing will be implemented. Also, I believe that the company has contingency plans in place in order to move forward with production regardless of the funding level (e.g. partial funding could result in smaller production runs targeted at specific markets in order to boost consumer awareness).
I expect to hear information (in the form of a PR) from the company soon. Hopefully, it will clear up some of the current rumors and speculation. I encourage everyone to do their own DD and if you have additional questions or concerns about the company, contact Robert Oppenheimer of Core Business One, at 1-415-383-5280.
GLTA!
Stock_Nerd
AI
