Announcement • Sep 10
Nasdaq Hearings Panel Determines to Delist Adamas One Corp.'s Common Stock from Nasdaq As previously disclosed, on August 21, 2024, Adamas One Corp. (the Company") received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq") notifying the Company that, per Nasdaq Listing Rule 5250(c)(1) (the Filings Rule"), the Company was delinquent in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2024, which served as an additional basis for delisting the Company's securities from Nasdaq (previous delinquency and delisting letters from the Listing Qualifications Department and a decision letter from the Nasdaq Hearings Panel that heard the Company's appeal on May 30 (the Panel") were disclosed in Current Reports on Form 8-K the Company previously filed). On September 3, 2024, the Company received a letter from the Panel that, due to the Company not curing its previous 10-K and 10-Q filing delinquencies until after the expiration of the August 20th deadline (a deadline extended from July 29 by the Panel at the Company's request) and, as of September 3, the Company not demonstrating compliance with the Filings Rule (with the June 30 10-Q not having been filed prior to September 3rd), the Panel had determined it would delist the Company's common stock from Nasdaq. Trading in the common stock was suspended at the open of trading on September 5th. The Company's common stock is currently quoted on the OTC Pink Limited Information marketplace maintained by OTC Markets Group Inc. Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the Securities and Exchange Commission after applicable appeal periods have lapsed. The Company does not plan to appeal the Panel's decision. Announcement • Sep 06
Adamas One Corp.(OTCPK:JEWL) dropped from NASDAQ Composite Index Adamas One Corp. has been dropped from the NASDAQ Composite Index (^COMP) . Announcement • Aug 28
Adamas One Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) Adamas One Corp. (‘Adamas One’ ‘Adamas’ or the ‘Company’) reported that, as previously disclosed, the Company had a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the ‘Panel’) regarding its plan to regain compliance with: (1) Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Price Rule’); (2) Nasdaq Listing Rule 5250(f) (the ‘Fees Rule’); and (3) Nasdaq Listing Rule 5250(c)(1) (the ‘Filings Rule’). On June 07, 2024, the Company received a decision letter from the Panel of the Nasdaq Stock Market (‘Nasdaq’). The Panel granted the Company’s request for continued listing on The Nasdaq Capital Market, subject to the following: 1) on or before July 29, 2024, the Company shall cure its filing delinquencies and demonstrate compliance with the Filings Rule; and 2) on or before August 30, 2024, the Company shall have demonstrated compliance with the Minimum Bid Price Rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions. On August 21, 2024, the Company received a letter from the Listing Qualifications Department of the Nasdaq notifying the Company that, per the Filings Rule, the Company is delinquent in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2024, which serves as an additional basis for delisting the Company’s securities from Nasdaq. The Company intends to present a plan to regain compliance with the Filings Rule and request the continued listing of its common shares on Nasdaq pending such compliance. However, there can be no assurance that the Panel will grant the Company’s request or that the Company will ultimately regain compliance with all applicable requirements for continued listing on Nasdaq. Announcement • Aug 16
Adamas One Corp. announced delayed 10-Q filing On 08/15/2024, Adamas One Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Jul 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (31% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (US$1.8m revenue). Market cap is less than US$100m (US$12.5m market cap). Announcement • Jun 14
Adamas One Provides Update on Non-Compliance with Nasdaq Listing Rules As previously disclosed, Adamas One Corp. (the ‘Company’) has a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the ‘Panel’) regarding its plan to regain compliance with: (1) Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Price Rule’); (2) Nasdaq Listing Rule 5250(f) (the ‘Fees Rule’); and (3) Nasdaq Listing Rule 5250(c)(1) (the ‘Filings Rule’). On June 07, 2024, the Company received a decision letter from the Nasdaq Hearing Panel (‘Panel’) of the Nasdaq Stock Market (‘Nasdaq’). The Panel granted the Company’s request for continued listing on The Nasdaq Capital Market, subject to the following: (1) On or before July 29, 2024, the Company shall cure its filing delinquencies and demonstrate compliance with the Periodic Filing Rule; and (2) On or before August 30, 2024, the Company shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bd price of $1 or more per share for a minimum of ten consecutive trading sessions. The Company intends to present a plan to regain compliance with the Minimum Bid Price Rule, the Fees Rule, and the Filings Rule, and request the continued listing of its common shares on Nasdaq pending such compliance. However, there can be no assurance that the Panel will grant the Company’s request or that the Company will ultimately regain compliance with all applicable requirements for continued listing on Nasdaq. Announcement • May 25
Adamas One Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) Adamas One Corp. (‘Adamas One,’ ‘Adamas’ or the ‘Company’) reported that it has a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the ‘Panel’) regarding its plan to regain compliance with (1) Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Price Rule’); (2) Nasdaq Listing Rule 5250(f) (the ‘Fees Rule’); and (3) Nasdaq Listing Rule 5250(c)(1) (the ‘Filings Rule’). On May 20, 2024, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) that, per the Filings Rule, the Company is delinquent in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2024, which serves as an additional basis for delisting the Company’s securities from Nasdaq. The Company intends to present a plan to regain compliance with the Minimum Bid Price Rule, the Fees Rule, and the Filings Rule, and request the continued listing of its common shares on Nasdaq pending such compliance. However, there can be no assurance that the Panel will grant the Company’s request or that the Company will ultimately regain compliance with all applicable requirements for continued listing on Nasdaq. Board Change • May 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Founder, President, CEO & Chairman of the Board Jay Grdina is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Adamas One Receives Nasdaq Notification of Non-Compliance with Listing Rules 5250(f) and 5250(c)(1) On April 29, 2024, Adamas One Corp. (‘Adamas One,’ ‘Adamas’ or the ‘Company’) reported that it has a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the ‘Panel’) regarding its plan to regain compliance with Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Price Rule’). On April 23, 2024, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) notifying the Company of its noncompliance with two additional rules: (1) Nasdaq Listing Rule 5250(f) (the ‘Fees Rule’) for the Company’s failure to pay its Nasdaq annual listing fee; and (2) Nasdaq Listing Rule 5250(c)(1) (the ‘Filings Rule’) for the Company’s previously disclosed failure to timely file its (a) Annual Report on Form 10-K for the year ended September 30, 2023 and (b) Quarterly Report on Form 10-Q for the period ended December 31, 2023. The Company’s violations of the Fees Rule and the Filings Rule serve as an additional basis for delisting the Company’s securities from Nasdaq and the Panel will consider these matters at the May 30th hearing. The Company intends to present a plan to regain compliance with the Minimum Bid Price Rule, the Fees Rule, and the Filings Rule, and request the continued listing of its common shares on Nasdaq pending such compliance. However, there can be no assurance that the Panel will grant the Company’s request or that the Company will ultimately regain compliance with all applicable requirements for continued listing on Nasdaq. Announcement • Feb 17
Adamas One Corp. announced delayed 10-Q filing On 02/16/2024, Adamas One Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jan 26
Adamas One Receives Non-Compliance Notice From Nasdaq On January 19, 2024, Adamas One Corp. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) indicating that, since the Company has not yet filed its Annual Report on Form 10-K for the period ended September 30, 2023 (the “ Form 10-K”), it no longer complies with Nasdaq Listing Rule 5250(c)(1) for continued listing. As a result of this delinquency of not timely filing the Form 10-K, the Company now has 60 calendar days, until March 19, 2024, to submit a plan to regain compliance and if Nasdaq accepts such plan, Nasdaq may grant an exception of up to 180 calendar days from the original due date of the Form 10-K, or until July 16, 2024, to regain compliance. The Company intends to submit the plan within the 60-day calendar period. However, there is no assurance that Nasdaq will accept the Company’s plan to regain compliance or, if accepted, that the Company will be able to regain compliance with Nasdaq’s rules by July 16, 2024. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. Reported Earnings • Dec 31
Third quarter 2023 earnings released: US$0.19 loss per share (vs US$0.088 loss in 3Q 2022) Third quarter 2023 results: US$0.19 loss per share (further deteriorated from US$0.088 loss in 3Q 2022). Revenue: US$290.9k (down 53% from 3Q 2022). Net loss: US$4.54m (loss widened 161% from 3Q 2022). New Risk • Dec 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$7.4m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (US$2.1m revenue). Market cap is less than US$100m (US$11.2m market cap). Board Change • Nov 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Chairman of the Board Jay Grdina is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
Adamas One Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with the Requirement to Maintain Minimum Bid Price for Continued Listing on The Nasdaq Capital Market On October 12, 2023, Adamas One Corp. received a deficiency letter (the ‘Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that, based upon the closing bid price of the Company’s common stock, $0.001 par value per share (the ‘Common Stock’), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Requirement’). The Notice has no immediate effect on the continued listing status of the Common Stock on The Nasdaq Capital Market, and, therefore, the Company's listing remains fully effective. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided a compliance period of 180 calendar days from the date of the Notice, or until April 9, 2024, to regain compliance with the Minimum Bid Requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to April 9, 2024. If the Company is not in compliance with the Minimum Bid Requirement by April 9, 2024, the Company may be afforded a second 180 calendar day compliance period. To qualify for this additional compliance period, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price requirement. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance period. If the Company does not regain compliance within the allotted compliance period, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. The Company intends to actively monitor the closing bid price of the Common Stock and will evaluate available options to regain compliance with the Minimum Bid Requirement. However, there can be no assurance that the Company will regain compliance with the Minimum Bid Requirement during the 180 day compliance period, secure a second period of 180 days to regain compliance, or maintain compliance with the other Nasdaq listing requirements. If the Common Stock ceases to be listed for trading on The Nasdaq Capital Market, the Company would expect that the Common Stock would be traded on one of the three tiered marketplaces of the OTC Markets Group. Announcement • Sep 07
Adamas One Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) Adamas One Corp. reported that, on August 29, 2023, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) (the ‘Nasdaq Listing Rule’) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the ‘Q3 2023 Form 10-Q’) with the Securities and Exchange Commission (‘SEC’). This notification has no immediate effect on the listing of the Company's common stock on Nasdaq. However, if the Company fails to timely regain compliance with the Nasdaq Listing Rule, the Company's common stock will be subject to delisting from Nasdaq. Pursuant to the notification, the Company has until October 30, 2023 to file the Third Quarter 2023 Form 10-Q or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date for filing the Third Quarter 2023 Form 10-Q to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently and expects to file its Third Quarter 2023 Form 10-Q shortly, which would eliminate the need for the Company to submit a formal plan to regain compliance. Announcement • Aug 17
Adamas One Corp. announced delayed 10-Q filing On 08/15/2023, Adamas One Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Chairman of the Board Jay Grdina is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 09
Adamas One Corp. (NasdaqCM:JEWL) entered into a non-binding Letter of Intent to acquire Flawless Allure Grown Diamonds, LLP. Adamas One Corp. (NasdaqCM:JEWL) entered into a non-binding Letter of Intent to acquire Flawless Allure Grown Diamonds, LLP on August 8, 2023. The transaction is subject to customary due diligence and confirmations within industry standards and final approval by board of directors of the Adamas One. Announcement • Jun 07
Adamas One Completes Designs of its Elle Jolie Luxury Jewelry Line Ahead of Anticipated September Launch Adamas One Corp. announced the completion of its initial designs for the Company's Elle Jolie high-end luxury jewelry line. This USA-made inaugural line is expected to launch in September and will be initially marketed through Adamas' ecommerce website. The Company is poised to enter the $84B retail diamond jewelry market, ideally competing effectively against both mined and Lab-Grown diamonds. Unit sales of Lab-Grown Diamonds in jewelry increased almost 58%, according to trend analytics company Tenoris' April 2023 Market Comments. Announcement • Jun 01
Adamas One Corp. (NasdaqCM:JEWL) acquired 9.99% stake in NexGenAI Solutions Group, Inc. Adamas One Corp. (NasdaqCM:JEWL) acquired 9.99% stake in NexGenAI Solutions Group, Inc. on May 31, 2023. Adamas One paid stocks in consideration.
Adamas One Corp. (NasdaqCM:JEWL) completed the acquisition of 9.99% stake in NexGenAI Solutions Group, Inc. on May 31, 2023. Announcement • May 19
Adamas One Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with Nasdaq Listing Rule 5250(F) and Nasdaq Listing Rule 5550(A)(2) On May 10, 2023, Adamas One Corp. received a deficiency letter (the ‘Fee Notice’) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that the Company had not paid certain fees required by Nasdaq Listing Rule 5250(f). The Company’s past due fee balance was $62,000 and the Fee Notice informed the Company that this lack of payment would lead to the suspension of the trading of the Company’s common stock at the opening of business on May 19, 2023. In addition, Nasdaq would eventually file a Form 25-NSE with the Securities and Exchange Commission to remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Fee Notice informed the Company that it could stay the suspension of the trading and filing of the Form 25-NSE by appealing the delisting determination by May 17th. Pursuant to conversations between the Company’s counsel and Nasdaq, the Company was informed it did not need to appeal the delisting determination if it paid the past due fee balance on or prior to the date the appeal was due. The Company paid the balance due prior to the close of business on May 17th. On May 11, 2023, the company received a deficiency letter (the ‘Bid Price Notice’) from Nasdaq notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.001 per share (‘Common Stock’), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Requirement’). The Bid Price Notice has no immediate effect on the continued listing status of the Common Stock on The Nasdaq Capital Market, and, therefore, the Company's listing remains fully effective. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided a compliance period of 180 calendar days from the date of the Bid Price Notice, or until November 7, 2023, to regain compliance with the Minimum Bid Requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to November 7, 2023. If the Company is not in compliance with the Minimum Bid Requirement by November 7, 2023, the Company may be afforded a second 180 calendar day compliance period. To qualify for this additional compliance period, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price requirement. The Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements within the allotted compliance period. If the Company does not regain compliance within the allotted compliance period, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. The Company intends to actively monitor the closing bid price of the Common Stock and will evaluate available options to regain compliance with the Minimum Bid Requirement. However, there can be no assurance that the Company will regain compliance with the Minimum Bid Requirement during the 180 day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other Nasdaq listing requirements. If the Common Stock ceases to be listed for trading on The Nasdaq Capital Market, the Company would expect that the Common Stock would be traded on one of the three tiered marketplaces of the OTC Markets Group. Announcement • May 17
Adamas One Corp. announced delayed 10-Q filing On 05/16/2023, Adamas One Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • May 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Chairman of the Board Jay Grdina is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 16
Adamas One Corp. announced delayed 10-Q filing On 02/15/2023, Adamas One Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jan 28
Adamas Appoints Adam Campbell to Design Adamas One Branded Jewelry Line Adamas One Corp. announces it has appointed Adam Campbell, a 15-year veteran in the jewelry space, to design the Adamas One-branded jewelry line, which will feature the Company’s lab-grown diamonds. Mr. Campbell, who has enjoyed a robust career in fine jewelry and watches, has been utilized by the industry as one of the top consultants, promotional agents and public spokespeople for several of the world’s more recognizable luxury brands. His extensive knowledge has made him one of the most in-demand speakers, having been featured at over 150 seminars on the topic of exotic gemstones and fine jewelry. Currently he is the owner of a by-appointment-only bespoke jewelry office that services hundreds of clients globally with sales in both classic and avant garde diamond and exotic gemstone jewelry. He has done design for and/or promotional work for such recognizable brands as Cartier, Hublot, Chopard, David Yerman, Hearts on Fire, John Hardy, and Roberto Coin. Announcement • Dec 30
Adamas One Corp. announced delayed annual 10-K filing On 12/29/2022, Adamas One Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Dec 22
Adamas One Corp. Retains Patent and Trademark Counsel Protecting and Expanding Its Proprietary Chemical Vapor Deposition Methodology for Laboratory Diamond Growth Adamas One Corp. announced it has retained patent counsel Schwegman, Lundberg, Woessner to reinforce and expand its current intellectual property portfolio around Adamas’ proprietary chemical vapor deposition methodology and equipment for lab-grown diamonds. Some of Adamas’ current patents that have been issued require updates and normal maintenance, which is underway. The company One holds 28 issued patents in the United States and 8 issued patents in other countries, including Australia, Canada, China, India, and South Africa. The Company believes its most critical intellectual property is with regard to the method using plasma-based Chemical Vapor Deposition (CVD), and the system and method around producing lab grown diamond. The portfolio as a whole covers techniques, methods, and systems to grow single crystal diamonds using the Company’s proprietary CVD methodology. The patents apply to gems, semiconductors and lasers related to the use of synthetically grown diamonds, and techniques useful in the manufacturing and cutting of gems. Announcement • Dec 07
Adamas One Corp. has completed an IPO in the amount of $11.025 million. Adamas One Corp. has completed an IPO in the amount of $11.025 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,450,000
Price\Range: $4.5
Discount Per Security: $0.36 Board Change • Nov 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Chairman of the Board Jay Grdina is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Chairman of the Board Jay Grdina is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 