Herborium Group Inc (HBRM)

[gordonhoochie]

Yep, there sure was and it was over an hour long. In fact the Dr called me twice and left me a voice mail message as well before we were finally able to speak at 700am west coast time. Just to re-cap again a summary of our conversation:

1. 50M missing shares - Dr. stated they were sold at a "premium" and would not elaborate further.

2. Percentage of revenue in the vodka deal with Bismark - Dr. Stated that info could not be released since they were in a business with a private company. She said she would talk about this with her legal team to see if further details could be put forth about the deal.

3. 100M share buy back - Dr. said 2 phases of buy back had been completed but would not elaborate on how many shares thus far.

4. Dilution - Dr. stated this was necessary because the company had no money with which to get these other ventures up and running. Current products were not providing positive cash flow to fund the new ventures so dilution selling of shares was necessary.

5. CC after financials - Dr. was enthusiastic about trying this out and having direct phone communication with shareholders for questions and concerns. She also said that she wanted HBRM to move up to the next level with full audited reporting. I am guessing she means the BB board next.

Overall, the Dr. was polite and certainly took her time in trying to answer somethings in details and other things were left very vague. I understand that she is only allowed limited sharing of information with an investor per SEC guidelines and I give her credit for at least calling me back and talking to me for an hour. She said she was taking notes and understood the areas of concern that required further clarification. Guess we will see when the next report is filed for HBRM.