Ok phone call results -
I had a VERY nice and honest conversation with Jim Epstein. Here is the following:
1. Jim and Buckeye are brothers.
2. Jim resigned from TFZI a week ago due to business differences with Humphries. As of the phone call Buckeye is with TFZI. i asked if he was looking to resign. Response was as of right now he is with the company, but you take it how you would like. The family relationship is not damaged between the Espsteins because of the business end.
2A. Jim resigned because he wanted to keep his reputation intact. Jim has not and does not have a tarnished rep so he was tired of making promises to private and public investors and was not able to keep those promises, therefor he left to purse other avenues. He has too much time wrapped up in the business plan to stay with TFZI.
3. The 30-90 days for the new business plan is not going to happen. see 2A above and 5 below.
4. The 2 weeks deadline of Feb 19th that Lexy had heard from the company is and was not valid.
5. Jim has the business plan and it is his baby not Humphries baby. He says he is looking to pursue it on his own. As of the phone conversation I was not able to get the plan out of him other than it had GREAT potential from the start and would be generating HUGE $$$ within 6 months. It is with Gold recycling, with a proven company (I did get that it was not Microsoft and that rumor was a totally false)
6. Humphries owns 8 businesses - 4 public and 4 private. The publics are DLAD - little to no revenue, Earthworks close to generating revenue, TFZI generating some revenue, and SSEV same as TFZI.
7. A/S, O/S, and float on TFZI is unknown as Humphries did not devulge that information to Jim Epstein.
As far as the conversation with Jim goes it was rather genuine. He seemed like an honest and good person, but just got promised a lot of things he was not able to complete and forward to the investors. I would love to find out what the plan was as the curiosity is killing me. Maybe it won't be the last of Jim that we hear, but if you have shares here it's not a loss until you sell. It's the beginning of a new tax season so why not hold onto them to see if you can get an uptick later in the year. In my own personal opinion I do not see the company (TFZI) going anywhere soon.
If ya'll have any question I will answer them to the best of my ability with what knowledge I have from the phone call...
DD done and completed
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