I still contend that this company (and its promoters) are whistling past the graveyard unless it does the following strategic and fundamental changes: 1. New Board 2. New CEO with proven track record 3. New Private high net worth investors (not the borderline criminal "family funds" mentioned before) 4. An injection of equity to the tune of $3M 5. Termination of ALL Convertible Notes 6. A Reverse Stock Split of at least 100:1 7. Straight equity with S1 Registration and maybe some warrants 8. Clean up balance sheet with all accrued expenses converted into equity BEFORE reverse split. 9. Focus on their flagship brands and products only and sell them to BOTH distributors as well as national chains 10. Get rid of ALL their "IR" commitments and let the company focus on its business and do their own internal company branding and awareness through public relations and social media outreach!
The OTC is littered with brands that had promise but the burden of being public in combination with extremely toxic funding destroyed their future hence why those brands NO LONGER exist! In my opinion PLSB has about two more quarters to make that critical change otherwise it's doomed! It'll bounce around in the meantime but the current trajectory is certain- unfortunately. - SMH
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