Yes but of course.....
That is a pure lie in the quarterly report. LAWL
I've been reading much nonsense as of late here. Let me break down a few things that has been stated here NUMEROUS TIMES!!!!
In the CC KEVIN QUIRK said he EXPECTED DEAL to be done by THANKSGIVING!!! He did not state that NEWS WOULD BE OUT BY THANKSGIVING!!!!
For all we know the deals are already done. This is business, public is always last ones to know. FPFI has been moving along in their timeframe, and once AGAIN let me REPHRASE KQ's TIMEFRAME that he mentioned when he came aboard that he hoped to accomplish his mission. that timeframe is TWENTY FOUR TO THIRTY SIX MONTHS. (24 - 36) Months.
He said first he had to RIGHT THE SHIP!!!!! CLEAN UP the SS from the PAST. Has he done this? YES!!!! RS 1 for 100, Reduced AS from 4 BILLION TO 475 Million which originally he stated 975 Million but did one better brought it to 475 MILLION!!!!
For those that don't know, A R/S is very beneficial at TIMES!!! Don't confuse R/S as a death toll like many other sub pennies use 1 for 1000, or 1 for 5000 just to sell the stock back to trips again. FPFI had 3.4 BILLION Issued and Outstanding prior to the RS, if you are in a solid business no company will be able to get out of Trips with a bloated OS of that magnitude.
OLD TOXIC DEBT is being slowly paid down which is a good sign, cash on hand is over $73k per last Quarterly. That was ANOTHER agenda that KQ said he wanted to TAKE CARE OF when he came aboard.
NAME change to FPFI to better reflect what the company is moving forward from food bars to actual technology that is rapidly advancing and will be growing exponentially within next 5-10 years.
On another note, I've had a couple businesses in my past, they were private, when the money ran dry guess what happened? I had to close the business.
This is a public Company. They have to do same thing to stay afloat and bring business to be successful, the difference here is that it is supported by the PUBLICS $$$$$ while they do their best to make their company successful.
Don't forget, MM's are in this game too for them to make money, they don't do it for free. If you don't like FPFI then GTFO. If you like FPFI, then hold strong and see if KQ and management actually are able to put together their plan, so far we are just over 7 months into his 24 - 36 MONTH TIMELINE!!!! I don't see FPFI being a BILLION dollar company in the first 7 months, get real here folks....
Invest only what you can afford to lose, never take advice from anyone on message boards even myself as I post my own opinions of how I see things.
-StockingUp333
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