Well, thank you for the acknowledgement that it was, in fact, CBAI.
So now let's talk about why CBAI did not list it as a Related Party transaction, even though FFGG did. And why CBAI seems to have gone to great effort to avoid even acknowledging it, until it was pried from IR's lips.
I have a theory why this was so swept under the rug - because it reflects badly on the CEO.
It's amazing how all of these things are always defined as a "non-issue". If it is a non-issue, why be so cagey about it?
I may be many things, but I'm not an idiot. There is absolutely no justification to incur a 30k ADVANCE ice cream expense at this point in time. Especially for customers that have already signed up.
Is this how the negotiations went between FFGG and CBAI?
Matt: "I want to buy some ice cream."
Matt: "Ok, I have a great deal for myself. If I buy at least $30,000 worth, I'll give myself a discount."
Matt: "But money is tight right now at CBAI, and we don't know how long we'll remain in business (check our SEC filings) - maybe we should just do $5,000 to start with."
Matt: "Too bad, Matt. If you want the discount, you need to buy at least $30,000 worth."
Matt: "Come on Matt - you're in the process of capitalizing your business, and I know that this is just a way to get a lump sum of cash in the door."
Matt: "Take it or leave it."
Matt: "You drive a hard bargain, Matt."
Matt: "Pleasure doing business with you, Matt. Come on back if you want any more cakes."
AI
