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Re: geodan post# 11116

Sunday, 08/08/2010 3:17:25 PM

Sunday, August 08, 2010 3:17:25 PM

Post# of 19255
I had a chance to speak with Sam Klepfish, CEO on Friday. We spoke about a number things including marketing, guidance, and the share structure. According to Sam, the A/S is 500 million, O/S is around 195 million give or take, and Float (the reason for my phone call) is about 75-80 million. He confirmed the float to me, saying that additional 120 million of the O/S is restricted, some of that is locked, some a matter of paperwork to be removed from restriction and sold if the holder wants too.

He was was very adamant that restricted holders believe in the company and are holding for much greater value. He pointed to increased revenues year over year, and that the real value for everyone is coming. I asked him about issuing news shares and he pretty refuses to do that as it affects share holder and investor confidence. It could happen, but not likely.

It was a good call over all. He actually wound up calling me twice to finish our conversation. We're going into the biggest sales quarters of the year and I feel very good about things to come.

FYI - I bought this as a lotto play back in May of '09 at .004. So my perspective is different than those that have bought in at higher prices. I think IVFH has a business model that is starting to play out, there are more than 14,000 chefs that order from IVFH, and more and more are finding out about it.
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