RE: Review of the situation...I bought this stock on the prospects that this new management was going to take this company to the next level. To a cash flow positive business, with end products that garnered commercial applications, and viability.
So they hire Frank Dixon as senior VP, in early January last year. He gets the reins as the CEO on the first of April. Since his appointment, my shares have dropped over 70%. Why do they need this high priced management anyways? Have you seen the latest financials ended Sept 30 of this year. They were apparently just put out in the last couple of days. Virtually no sales of the fertilizers, and next to no revenues on the incoming waste. Oh, but there is a tonne of money going out in the form of salaries etc. I just don't get it. What is going on? The last couple of news announcements stated that the fertilizer produced amazing result on potatoes, and blueberries. If all is so great, why have they sold next to no fertilizers? What about technology sales? I read a news announcement that they sold technology to the Chinese? Where is the money on the balance sheet? It also looks like they only have $200,000 left in cash, but they had over $1million 3 months earlier? Where is it all going?
I am disgusted. And at 65 cents, I'm sure there are many others that are pretty disgusted. I believe in this technology. I have used the fertilizers myself last spring, and was amazed at the growth in my garden. I want answers. Anyone have any?