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Monday, May 20, 2013 9:32:39 AM
In reality, It's just a very poorly operated company, run by inept leadership who may or may not have had good ideas, just poor execution:
With the dilution, over payment of an executive, authorized by that same executive, adding failure to perform (two 'limited' tier changes in 6 months), and the negligent ignoring of shareholders concerns until very recently, [BOLD]you have the picture of poor executive leadership and ZERO governance![/BOLD]
The Board of Directors are two non-important guys and the majority shareholder M. Sides (she owns HDDC with Llamas, of course she authorized herself 40M shares, who could vote against her? She'd just kick them off the board).
This company has potential.. And that's it. This company has extremely suspicious accounting practices and organizational structure. Not actually fraudulent, just scam-like.
With the nearly 1B share structure, zero THC revenues, and a negative revenue from RDH, there is no way this company hits $1 anytime soon.
This company owns the trademark on the word "potential". But that's it.
I'd invest in Tripp if I could, but not M. Sides as the 'brains' behind any operation.
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