Thursday, August 30, 2012 1:46:34 PM
I can only relate what was told to me. Perhaps there are underlying reasons, perhaps not. There is no definitive evidence right now but certainly a lot of circumstantial evidence which gives doubt in a lot of areas. I hope the DR does something professional and in support of her investors and clarifies these areas but I do not have much confidence that will occur at this time.
You just don't announce buying back 100M shares and then dilute (total opposite) behind your investors backs. She told me that 2 phases of share buy back have been done but would not elaborate and said that more could not be done presently as they needed to raise capital for the new ventures. I am guessing financials will have to show what the 2 phases of buy back were exactly that she referenced.
I am also guessing that the 50M shares sold at premium will also have to be documented somewhere. You can't just give away shares to friends or business associates at a discounted price and not show documentation and reason behind it in my opinion. That is the same as giving "preferred shares" and anyone that receives preferred shares or a company that gets them is documented in financials.
As far as the percentage of sales revenues from vodka, if HBRM will not tell us upfront then the financials certainly will and if the number is quite low then we all know the percentage figure is quite low as well.
I respect the fact that she called me and respect that fact that she can not divulge specific inside information to an individual investor. I hope she clarifies the areas of concern that the board site is ware of which would help bring investor confidence back in my opinion.
You just don't announce buying back 100M shares and then dilute (total opposite) behind your investors backs. She told me that 2 phases of share buy back have been done but would not elaborate and said that more could not be done presently as they needed to raise capital for the new ventures. I am guessing financials will have to show what the 2 phases of buy back were exactly that she referenced.
I am also guessing that the 50M shares sold at premium will also have to be documented somewhere. You can't just give away shares to friends or business associates at a discounted price and not show documentation and reason behind it in my opinion. That is the same as giving "preferred shares" and anyone that receives preferred shares or a company that gets them is documented in financials.
As far as the percentage of sales revenues from vodka, if HBRM will not tell us upfront then the financials certainly will and if the number is quite low then we all know the percentage figure is quite low as well.
I respect the fact that she called me and respect that fact that she can not divulge specific inside information to an individual investor. I hope she clarifies the areas of concern that the board site is ware of which would help bring investor confidence back in my opinion.
