Thursday, September 16, 2010 12:10:22 PM
As many here have stated, the issue of Johnnie's versus Johnny was a typo...they are working with Johnny Famous Shoes, you know, that famous "little" New York company.
The production is still in the works with distribution imminent, and they will not release a PR until a material event happens (i.e. no fluff crap).
I asked what % of initial and future profits we get, but he only said "significant"..did not expect to get exact numbers, but he said they will get their money back first followed by a significant percentage of profits.
When the PR states "stores such as Nordstroms, etc.", it means it. Johnny Famous Shoes has arranged these deals and informed Avitar where the shoes are going
There are NO PLANS OF DILUTION in the near future, but a few old convertible debentures remain (said nothing significant as far as old debentures).
Major talks regarding future deals are in the works; women's lines, more shoes, handbags, etc., etc. Expect updates.
I had to call the man about 20 times over the last couple of weeks, but he finally answered today ...I am comfortable with my position and plan to add if I can free up some funds here. If this shoe line pans out, imagine how much hype we will have over future lines
Cheers All...and good luck...IMO a big run is imminent!
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