Hey, CBM, great questions. While I am absolutely not an authority in these matters, here is my 'take' from the chat in response to the questions.
1. Mr. Feintech made it clear that the Iowa processor was the first acquisition to make and that they had already signed a MOU with them. It would be a cash deal. The second acquisition would be the meat processor in MA. Cash deal, no shares involved. The last acquisition would be the Vancouver fish processor - that would be cash & shares. My best guess is that if SMKY has already been able to raise $15m (minimum) and purchase 2 profitable companies, by that time the shares would be worth much more. I agree with you, just one acquisition would be very impressive - so by the third acquisition, the shares would not be 'speculative' shares any longer. [I agree with you, right now they are - no other way to look at it. But personally, that's why I bought now because of the speculative nature being still early.]
2. I don't believe Mr. Feintech is relying on an internet chat board to do his DD on the background of these potential acquisitions. [Sounds almost insulting, to me - but, I understand you being red instead of green right now.] With only a MOU on the first and a verbal understanding on the other 2, the prospectus (most likely) would be public AFTER actual acquisition and not BEFORE.
3. Going by memory, can't remember much said about oven leases. Although at .08 I am still green in my first 2 batches of shares and red in my 3rd - I still don't care as much about pps as much as solid steps toward product revenue. 1st acquisition is vital to price of product, so therefore it must get done.
4. I was surprised at the halt in production, too. Didn't want to dominate the chat to ask another question. I'm only assuming that surplus of product is pretty high due to WW marketing has not been what was expected [at least not what I expected, anyway]. An email to corporate may seem to be in order for that one.
5. I don't know about you being a sucker in other deals, but in this one I am in the boat with you. I didn't buy on hype or just because the CEO joins the board occasionally. I bought on viability of product. [I was impressed in the way Mr. Feintech answered the questions - no hype, just straight facts. Hype came from the responses, not the CEO] I was encouraged by the fact that the very first $1m goes to POS sales force to sell product. With that $1m expected within weeks, that means a sales force will be selling product - vital.
6. Sorry, on these boards much of what we get IS penny chatter; it's the nature of the beast. Agreed, revenue results are necessary for bottom line.
The only nuance I took away was the solid, predetermined and "soon-to-be-commencing" business plan from an honest CEO. I don't care about pps, it will take care of itself. It was announced that the active float is now 14.5 million. That has been obvious to me that the float has been increasing and that is why the pps is reacting as it has. I am always nervous when I hear "active float" vs. "actual float" but knew that before I bought.
All The Best
