One thing that worries me here is related parties. $123k went out to pay director fees, rental and software consulting last quarter - presumably to Integrated Holdings.
I wonder what Tulla's plan is here? Will they keep OCTFOLIO? Are they using public money to grow HRL to generate business for OCTFOLIO? Does this mean that HRL will grow profits or just revenues?
Also, what are Virburnum thinking? Are they in cahoots with Tulla? Is this a high conviction position for them or a strategic play?
HRL Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
