Thank you, I am very aware of the fact that production was halted recently, not necessarily due to quality but to overhead.
I try to read every single filing and any facts negative or positive to be as aware as I can be of what is going on. I would think it would have been unwise for SMKY to continue with production when the price exceeds what the market seems willing to pay.
From memory, I believe Mr. Feintech planned on the first $1.5 million of any financing going toward firing up the ovens again and establishing a sales force. That should begin revenues again, but not necessarily profitability.
The first acquisition, if I remember correctly, should decrease the overhead considerably to place SMKY product at a competitive price - which should, in turn, be a great asset to the sales force. In addition, the acquisition itself is already profitable and should increase the bottom line of SMKY itself. At this point, I expect to begin profitability, although the financing will take some of that off the top.
Personally, I would expect that IF the financing comes in to accomplish these first two steps, the financing will be slightly easier to obtain to make the next steps and those acquisitions - since the bottom line will be much healthier than it is now (which I agree is pretty anemic). The financials are not really a surprise to anyone who has been following this stock for a year or more.
This is what I am banking on: financing to make the first step, then each could/may get a little easier. Yes, I agree, those are some pretty big steps. I just became a grandpa last week and I was remembering how long it took for our kids to begin to walk. But once they did...they were in to everything. SMKY has been trying to get its legs under him for a couple years now, and IF he can get those first steps made, I'm thinking the company will begin to move fast and strong.
All The Best
