Post by
hockey1970 on Jun 10, 2013 3:20pm
AGM
Hi guys, went to the AGM last week and had a chance to speak with Robert. Attendance was OK, about 25 people and from what I can tell mostly bankers. Plain and simple this is a roll up strategy in the action sports and lifestyle space. They own the retail stores which they plan to grow and are now looking to aqire brands that they can sell in their stores and lisc. in other areas. It worked for a company called IBML and said that is the model they are looking at replicating. I looked them up, billion $$ company so not a bad model to replicate. They are still going through some growing pains but they like the way its coming together and they said they are in talks with a few brands and we should be hearing something shortly. Met Barry at the meeting and he seems like a very nice guy who is happy they company has turned around. For me, its a buy and these levels and see how they execute on their plan.
Comment by
ALLNIGHTLONG on Jun 11, 2013 9:43am
thanks for the update on the meeting. when will the information discussed at the meeting be announced? will there be projections showing up in the announcements? you seem to know what is going on. i want to buy in again but not sure about the weekness in the stock over the last few days. but then again it only on a few hundred shares (the trading i mean). thank you
Comment by
hockey1970 on Jun 12, 2013 11:53am
from what I understand from the meeting there should be news coming out in the near future. They wouldn't commit to a time. I spoke to them about the pull back in the stock and they said they have an early shareholder who is getting out., they didn't seem concerend as they said the stock is getting bought up so once that shareholder is out I think we will see it retun up past .25 cents
Comment by
westshore on Jun 12, 2013 3:01pm
Thanks for the update.I see they are changing the name!GLTA!