RE:AGM starts at 3pm, pacific timeI have not seen a track record of Brad dropping any big material news at AGM's. Last AGM I remember there was nothing. I remember thinking that there were lots of people expectiing something and when they got nothing there would be heavy selling. But the selling didn't happen....or the buying covered it. Who knows how this one will go...but I'm not expecting much.
My take is that if Brad had someting material he would have let it fly before the AGM. That makes for plenty of happy campers at the AGM. He will probably do his usual dance saying that we are progressing nicely with more vertical integration talk and consumer loyalty talk. Won't speak much of profits....wonder why?
Don't mean to appear negative or bashing....it's just reality right now. Same as last year. Like everyone else I would love great news but Brad seldom has any. Just talk of how we are building out and positioning for the future. Problem is that there are other companies that know how to produce now...and have profits now. How long have we been waiting. Our best hopes are based on the sellout of a small quantity of strips at a festival. Building consumer loyalty ya know. No news of numbers sold in retail outlets. Has there been any news of how much of any product we have sold to anyone? Wouldn't the AGM be a good place to brag about the amount of sales? I'm not thinking Brad will mention those numbers. I wouldn't either if they were embarassingly small.
So we will wait for quarterly reports like always....and hope that the next ones will be better. And Brad will talk about what a great facility they have.
Badog