I know it was discouraging that we didn't all become rich yesterday like we expected, but I don't think it is over yet. Let's here what the CEO has to say at the CC. At least he is not hiding and plans to address the investors.
I don't think they would go through all that trouble to clear their name on pinksheets and then announce a buyback of outstanding shares just to screw everyone. Remember that the CEO does not get paid for trading activity. We don't know all the details of what is going on and are jumping to worst case scenarios. Let us at least hear the specifics of this buyback plan and we can call him out on it if it does in fact sound like a scam.
I do think they need to raise some serious capital because maybe they might have bitten off more than they can chew. When they originally announced distribution in May and June, I thought they were talking about about maybe 12 states. According to this last PR, they are now distributing ALL of the United States & into Canada. Production of this product of this magnitude will require multiple productions in multiple locations nationally. They are in negotiations to secure services of a production facility on the West Coast to complement the production facility they have contracted in the east coast.
For Hall of Fame Beverages to enter into an agreement of this magnitude is not only explosive for future growth and also visibility of The Company. This is an opportunity to catapult The Company, products and revenues at a more accelerated rate than previously anticipated.
I'm sorry, but July is just starting and then we have August & September. Those are warm months and good times to be invested in the beverage industry. I am going to stick around and see what kind of accelerated revenue they might secure.
