Our shareprice isindicative of what is wrong with the junior stock markets. Curbing naked shorts is only one step in the right direction to protect investors.
Everyday, sometimes twice a day, I get information from social media showing a progressive, going concern that seems to be living up to the original business plan. Commonsense from personal experience suggests that Tinley's is on the verge of a solid revenue stream which should translate to the bottomline and increased shareprice.
I don't believe the deal cooked up by our current management team to put up 50.1% control as security is even legal and view it as an endrun around standard public company investing protocol. That is to say that existing shareholders should get a vote on this because it could result in a transfer of ownership with no recourse for long time shareholders and any other that have invested in Tinley in good faith that our management is trying to build a business for the benefit of all invested.
The constant hammering of our shareprice gives me reason to believe that Blaze/Delta are the marketmakers that have their thumb on the shareprice, holding it down when commonsense tells me that it should be skyrocketing on anticipation of generating profit from an upstart company that is coming together nicely, after a longtime effort of partnering up with failures for many parts of our business effort.
Once upon a time, Tinley achieved a $2 shareprice on an exciting new sku that showed a lot of promise that got backburnered in favor of breaking bad with THC infused beverages in California, the most promising concentrated marketing area for this type of sku in the world.
There were so many delays and develpments that were negative and in retrospect, poor decisions, with shareprice confirming the dissapointment of investors, combined with a huge re-evaluation of the whole sector that it was easy to imagine why our shareprice diminished.
Everything I am seeing right now suggests that we have overcome most of the problems and delays to get our own state of the art bottling facility banging on all cylinders. That facility promised a 2nd revenue stream to complement our own award winning line of skus. What's not to like from an investment point of view!!!
And yet, since the announcement of Blaze coming on scene, managment has remained silent and elusive to give common shareholders any indication that business is being taken care of. Not sharing material development is elusive and in the eyes of shareholders, the same as lying. It creates distrust and the result is that it is working perfectly for continuing the decline in shareprice despite seeing a thriving business taking shape in the best marketplace in the world.
This isn't putting shareholders first, which is a huge mistake unless it is being orchestrated to screw over shareholders on record.
As far as I am concerned, I would welcome Blaze if I knew their intentions are good for shareholders because we need sales to generate profits or we need revenue from our co-bottlng partners. Information on both those issues is deliberately being witheld and our super sales guys don't seem to be doing any selling of our own line of skus and backing it up with any information that would allow an armchair accountant shareholder to assess the financial situation.
Changing meeting and reporting dates only confirms that our marketmaker needs more time to secure that 50.1 % so they can disregard the vote that shareholders should get.
I hate that these junior stock markets don't deal with this type of behavior, probably because they don't have resources, financial or personel.
We are not far out from a CSE monthly. Hopefully we see that in a timely fashion because it should be a financial improvement over past performance and might shed some light on the goings on behind the scenes.
glta and dyodd