We're currently trading at levels that are essentially the same as where we were before the initial announcement of the U.K. agreement and the establishment of several new distributors. Something is wrong with this picture, but it's provided the opportunity to purchase cheap shares, so all should have their fill.
Personally, my position is double what it was a few months ago, that's probably my limit, but others can certainly take advantage of these prices.
As to the quarterly and annual report being late, companies don't generally give excuses, so could it be key people out sick, sure, it could be a lot of other things, including just being so busy with new distributors, production, partnerships, etc that something had to give, and they choose to make it the financial reports. The good news is that they'll be done, and when they are they'll be back in the SEC's good graces, and shareholders will be happy as well, in spite of the fact that neither report is showing great financial success.
I do believe the reports will show the company is moving in the right direction. I believe the first quarter may be the last quarter that doesn't make a profit, for the foreseeable future. Both reports can discuss what's anticipated in the future, so that can be positive, but the really good news will come with revenue growing through the remainder of the year, and into the foreseeable future.
We're very early in June of 2020, ask yourself where you believe they'll be in June of 2021. I really can't say, but I believe there will be a number after the dollar sign, before the period. I don't believe there will be two numbers before that period, but I certainly believe it could be a number larger than one.
Gary
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