Management Will Have To Document Quantitative Positive Results
The stock no longer responds to qualitative news announcements of distribution agreements or fluffy social media posts. It really cannot when the investor does not have company results since 9/30/2015 or have documentation on how many of 5.5 billion authorized shares are now outstanding. This Management Team has destroyed any good will that they previously had.
To begin to restore trust, the overdue 10-K Annual Report, 10-Q 1st Quarter Report and 10-Q 2nd Quarter Report will have to be issued near-term. The results will need to be very encouraging. Further, Management will need to explain the reason for the delays and corrective action to prevent recurrence. There is no known and understandable reason like last year's Xtreme Technologies purchase complications. At some point, Management must become professional take the regulatory and stockholder reporting responsibilities seriously as required and to begin to rebuild trust.
In any event, having made very regrettable decisions in previous years to hang on as the stock plummeted, I am hoping for a real turnaround just time.
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