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CIM: What do you feel is the next catalyst for your company?
HMPQ: The biggest catalyst is completing one of the previously mentioned deals. We are looking forward to getting started with Maine, New York or any newly introduced JV partners. The addition of a second or third extraction machine is also something we are looking forward to in the near future.
The next significant catalyst will be the successful launch of our Reg A Offering on the crowdfunding platform Minivest, where all our New York based shareholders will have a chance to invest at the same price as our institutional partners.
CIM: What's your Operational and Investor Relations Strategy to increase your stock price?
HMPQ: We’ve already engaged a strategic advisor that is helping us with public relations and marketing efforts. He has taken a lot of the burden off of management so we can successfully grow the business and finalize some of these new contracts. I believe our more recent announcements have gotten us in front of a lot of new investors and shareholders.
We suffered a severe dip in stock price during the first quarter of 2017 due to a toxic deal we completed with Rockwell / Northbridge Financial to help pay for our first extraction machine. We can’t go back in time to erase the damage, but in the month of August, we’ve already seen nearly a 100% increase in share price. We believe that the successful completion of one or multiple deals will really drive the stock price and begin to evangelize the market place.
We have already allocated a portion of our recently raised capital to help us better tell our story to the marketplace, we will continue to budget for that as we grow. Without any toxic or dilutive instruments on our balance sheet, we feel there should be limited resistance as the
value of our company appreciates.
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