RE:Shareprice speaks volumes sinceIf the updated team has been there in the background for the last couple years and now the roles have reversed with Ringo [Jeff] still pulling the shots behind closed doors then what has changed? If we see non descriptive information with the next earnings report then you know Ringo is still saying, No fluff NR's. Funny how there is very little if any follow-up on what they say? How is the transfer of the license that Rick owns going? Everything drags on with Tinleys which tells you a lot about how much smoke has been blown by Ringo and team in the past. They won't do anything to instill confidence in shareholders, like cancelling all options and repricing them to previous pp raises of .40c. Or discontinuing all consulting fees for all board members/directors or advisors until those start to show results above and beyond certain disclosed goals? Ringo would have done well in the past running an ASE or VSE sham stock. Oh wait he's done well, living in luxury laughing at all the bagholders.
geodcan wrote: the good old days of $2 shares.
Jeff was driving the bus through the potholes and changing routes of our journey. Hindsight tells me that investors think he was a failure.
We now have him on the backburner with Rick stepping up with a couple of chosen ones. It's hard to ignore that our updated team has pretty much been there all along and Tinley has come to where it is and shareholders don't have any way of assessing the value of our shares.
Certainly the market of fellow shareholders aren't giving this much value, judging from current shareprice and new shareholders seem non-existant.
The Long Beach facility seems to be the only thing of value for the money raised and spent. And the license is in Ricks name.
This seems to be following the same script of another investement I owned where the shareholders were uninformed and clearly put in last place on the priority list while the story was always good but the shareprice dwindled until nobody cared anymore but the ones higher up the food chain who waited it out until the shareprice was a penny.
They came in as white nights with an all or nothing offer for 2c which the majority of shareholders took so they could salvage something. The white night acquisitors moved into the bricks and mortar with the IP and rights to the pharmaceutical and seem to be thriving privately today.
It irks me that Tinley seems like deja vu to me with some heavy shareholders taking the wheel of a company headed towards the cliff who are telling us that everything is allright while the facts are very different.
It looks to me like there will be a bottling facility left with revenue and profit potential, in the right hands. Our bottling experts came up short as experts who should have been able to get this going full tilt but it drags on.
Rick seems to have the most interest in the bottling facility and he controls the license which makes me wonder if this was all pre-planned with ulterior motive.
This facility will idealistically crank out 36 million units a year with all 3 lines working and we heard a minimum of .50c per unit. That leaves $18 million before expenses which will be mostly labour and ingredients. I am just guesstimating that we might wind up with $9 million a year which I can see spread to 3 major shareholders with little left for the shareholders who financed the whole thing.
I don't know what we are worth as an acquisition by a major player which seems more and more like a possibility if this remains in the hands of the first run of shareholders. If they tank it, all bets are off.
Long Beach looks like a nice little revenue source as a privately scooped company with original shareholders left to their own devices without their investments.
I hope I am wrong and that our team has integrity and reputation and will do shareholders right!
glta and dyodd