I am here to help you Matt.
1. It was a not a negative PR, it was a no BS PR. Many here are not used to hearing the truth and I don't think they were ready for it. Building a business is not all puppy dog and rainbows, there are hang ups and changes in plans. If TGGI can't even pay their way out of their old TA why in the world would Matt believe they could afford him. That is the reason we are in the shape we are in America today. If you can't afford it , then don't buy it. Fannie and Freddy, handed out home loans to people who couldn't afford it and now the taxpayer bears that burden. RIGH, if I remember correctly Matt can't do anything until the name change is complete.
2. (positive) Matt said he was going to use the money that he originally would use to set up TGGI in the TA for something that would better serve the company. Smart move in my opinion, the revs would have have been small from the TA fees . And I don't know the amount, but a lot of TAs charge a fine for leaving.
3.The fact that he is not doing any active marketing for the TA is a smart move for now, why not wait until he has a brokerage that will bring in tons of revenue which he can use to market the TA. He never stated he had any active clients in the TA, that was an assumption on our part. If I remember correctly terms of the finance and R/M included using the TA. So when things work themselves out then they will come to Baron.
4. I don't really understand your logic when it comes to not needing the PR if a brokerage was our future. In fact I would say just the opposite. Look at some of the regulations in place, owning a brokerage is heavily regulated and I think he has to be completely up front and clear so that no flags are raised. Why risk any more bumps in the road? There are enough coming that he won't see coming. I for one commend him for having the foresight to put out the PR and clear the air. Best to be proactive, not reactive.
5. Now something for the warm and fuzzies you are looking for. I may forget some things because he has came through with a lot.
a) Reverse merger was completed. 7 out of 10 pinks can't even do this. Everyday you could look and find news of a pinky promising a name and symbol change and more often than not they are just fishing for volume to dump. For instance BNPD (an oil company) took over ten months to get it done, they were chilled in the process. As soon as the change was completed they performed a reverse split!
b) Two R/Ms have been completed by Baron, with no chills placed on the company.
c) 3 out of 4 A/S reductions were completed bringing the A/S from hundreds of billions down to where we are now at 2.4
d) TA was brought online, it took longer than expected (please reffer to the puppy dogs and rainbows comment for an explanation).
e) We have been through a FINRA investigation and passed with flying colors.
f) The TA was approved by the SEC
I hope I have helped and like I said I am sure I forgot a few things, everyone feel free to chime in and help. We are poised to break into and fix a section of the market that is dying as we speak. Big players(MMs, brokerages, clearing houses, penny shorters, the list goes on and on). So, yes there will be resistance and yes they will all do everything in their power to keep Baron down. They stand to lose their collective asses!
We have a CEO of a pink stock who is willing to be honest even when it isn't what we want to hear. I urge you all to enjoy this because it is so rare. I can honestly say I have never seen it. Make no mistake Matt is here to make money, but think about this if he scams us and quits he will make less than a million, if he sticks it out he stands to make Millions on top of millions. If you think you are down and out, take a step back and put yourself in Matt's shoes. He is human like we all are and he is facing defamation, and harrassment at every corner yet he is still doing the right thing. Support him and your investment, it will only help us all in the long run.
KILO
