That's the plan. They will likely have to make cha
Post# of 75410
(Total Views: 832)
Posted On: 10/08/2020 11:27:05 AM
Re: waterwalker #65355
That's the plan. They will likely have to make changes to which accounting firm they use, but with revenues growing as they say they are, it's inevitable.
They had problems with co-packers that were impossible to completely control in a timely, consistent manner, so they acquired their own bottling facility. Now that facility is running balls to the walls cranking out QUALITY product.
They have had issue with distance, communication, and speed of execution with accounting firms. It only makes sense that one of their next moves will be to leverage that revenue growth and ensure that future reporting will be consistently on time and accurate in order to remain SEC compliant and uphold their credibility with investors.
I have complete confidence in the current management team and expect to see this happen fairly near term. I haven't deleted most of the venting over the first two 2020 quarterly reports being late despite Covid-19 delays being partially responsible. It's understandably frustrating.
I HAVE, however, deleted posts from those who only show up when they see signs of weak hands and try to "help" by joining in the criticising efforts of those with doubts.
Anyhow, the dust will settle and the doubters will see the light IMHO. Patience is a must. Those without any should pursue other types of investment. Start up investing is much longer term than most realize, and most start ups never make it.
Many "longs" never even planned on long term. They were attempting to land multi-baggers on momentum plays and instead dove deep into the red when whales took profit. They didn't even have revenue streams yet. It was inevitable.
I was initially attracted for the same reason early in 2015, and flipped the stock a couple of times, but upon doing more research I became convinced that there was huge long term potential. I still strongly believe that, and I'm sticking around for what I'm convinced will be major profits.
They had problems with co-packers that were impossible to completely control in a timely, consistent manner, so they acquired their own bottling facility. Now that facility is running balls to the walls cranking out QUALITY product.
They have had issue with distance, communication, and speed of execution with accounting firms. It only makes sense that one of their next moves will be to leverage that revenue growth and ensure that future reporting will be consistently on time and accurate in order to remain SEC compliant and uphold their credibility with investors.
I have complete confidence in the current management team and expect to see this happen fairly near term. I haven't deleted most of the venting over the first two 2020 quarterly reports being late despite Covid-19 delays being partially responsible. It's understandably frustrating.
I HAVE, however, deleted posts from those who only show up when they see signs of weak hands and try to "help" by joining in the criticising efforts of those with doubts.
Anyhow, the dust will settle and the doubters will see the light IMHO. Patience is a must. Those without any should pursue other types of investment. Start up investing is much longer term than most realize, and most start ups never make it.
Many "longs" never even planned on long term. They were attempting to land multi-baggers on momentum plays and instead dove deep into the red when whales took profit. They didn't even have revenue streams yet. It was inevitable.
I was initially attracted for the same reason early in 2015, and flipped the stock a couple of times, but upon doing more research I became convinced that there was huge long term potential. I still strongly believe that, and I'm sticking around for what I'm convinced will be major profits.
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