Can't argue with you that the Weight Watchers and SYSCO projects did not succeed.
I have to hand it to Mr. Feintech to give the new business plan a shot. It is a much more sound approach. The big question, of course, is when/if funding will be secured.
The main purpose of acquiring funding is to decrease the overhead of the actual product.
I understand people being frustrated right now, but it is unfair, though, to brand SMKY as simply a "stock selling" company. Many of us here have already tasted and enjoy their food products thoroughly.
The float is still extremely small, the A/S have not changed or increased. SMKY uplisted from PK to QB only months ago. These are the kind of problems one will always face when buying shares in a development-stage company becoming a production-stage company. The risk vs. reward ratio is high. I have been willing to 'gamble' on a company with a tremendous product and a CEO AND a CFO who have been basically operating without a salary to get this company going. Survival is a very powerful motivation for this company to succeed.
I may agree with you if these two execs were making money hand over fist while promising the moon. Read the filings, that is not the case here. I'm not claiming that they are paupers - but they will lose MUCH MORE MONEY than I will if they don't succeed.
All The Best
