Hopefully the financials will be forthcoming quickly.
I called the company today, used my brother in laws name rather then my own.
One of my questions:
Did you have any sales in the past month?
Answer, yes $800,000.
Q: Were you in a loss or profit position with these sales?
We are at a break even.
Q: How long have you been operating?
8 months.
My comment, That is pretty good to be at a break even after only 8 months of operation.
Their reply to comment: Well we have had to pay about 15 miners at our mines.
I would like to refer you to a post on Silicon Investor by a person known as "kowboy", he indictaes that Todd has committed funds to help a disabled shareholder, Mr Bundy indicated to me that this would not surprise him as Todd is very compassionate.
Q: Is it the policy of ABFG to "step up to the plate" to help disabled shareholders?
At this point Mr Bundy got Todd to join the conversation vis a vis speaker phone, I repeated the above and TODD categorically said it is not true.
I then referred to the web :rodeo etc.com"
Q:How is the health food store going?
Not very well.
I suggested they go look at a real retail health food store, the one thing they would notice is that they all have more then 4 products to sell.
Q: Are there any planned aquistions?
A: Yes, we are just closing a deal that will add 2 million dollars of positive cash flow to the company by May at the latest June of this year.
Q: How many shares outstanding?
A: 29 million, 8 million in the float.
Q: If you did $800,000 last month, why in the world you you not put out financial statements and let the shareholders and potential shareholders know?
A: Well we have internal statements and they are now being audited.
Q: When is your corporate year end?
A: Good question, I think end of last month.
Q: You are in charge of corporate development and you do not know your fiscal year end?
A: Yes, end of last month, the statements are with Jerry in Florida and he is getting them audited.
Q: Then you will have statements by middle of May?
A: No, give us another 30 days and we will then file our 10K with the financial statements.
Q: You have a market cap of close to 40 million dollars, do you think this is a little high given the fact that you have not informed the public of your financial condition?
A: The company is in great shape, with mining revenues and the aquistion that is happening, which will provide 2 million per month. Its unbelievable.
I then thanked him and that was it. |
