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GWDCQ CUSIP suspended. FINRA deleted symbol.
http://otce.finra.org/DLDeletions
GWDCQ 6-Month Daily Chart
http://stockcharts.com/h-sc/ui?s=GWDCQ&p=D&yr=0&mn=6&dy=0&id=p99706327301
GWDCQ Filed Chapter 7 Liquidation
Under Chapter 7 , the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.
The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy.
Bondholders have a greater potential for recovering their losses than stockholders, because bonds represent the debt of the company and the company has agreed to pay bondholders interest and to return their principal.
Stockholders own the company, and take greater risk. They could make more money if the company does well, but they could lose money if the company does poorly. The owners are last in line to be repaid if the company fails. Bankruptcy laws determine the order of payment.
http://bankruptcy.findlaw.com:80/bankruptcy/more-bankruptcy-topics/corporate-bankruptcy.html
Chapter 7 bankruptcy allows debtors to get rid of most, if not all, of their debts and start over with a clean slate. It isn't for everyone, however. In this section, you will find in-depth information on Chapter 7 bankruptcy -- including eligibility under the "means" test, types of debts that cannot be discharged, and tips on the Chapter 7 bankruptcy process.
http://bankruptcy.findlaw.com/bankruptcy/bankruptcy-chapter-7/
GWDCQ StockScores
http://www.stockscores.com/quickreport.asp?ticker=gwdcq
GWDCQ QuoteMedia
http://www.quotemedia.com/results.php?qm_page=91952&qm_symbol=gwdcq
GWDCQ: Caveat Emptor
Caveat Emptor
http://www.otcmarkets.com/stock/gwdcq/quote
GWDCQ Security Details
Share Structure
Market Value1 $923,364 ________________a/o Jun 20, 2011
Shares Outstanding 35,513,992 _________a/o Jun 30, 2008
Float Not Available
http://www.otcmarkets.com/stock/GWDCQ/company-info
GWDCQ SEC Filings
FORM 8-K
February 19, 2009
Growers Direct Coffee Company, Inc. filed a voluntary petition for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code
FORM 10-Q
September 30, 2008
> We liquidated the company effective June 30, 2008.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6261109
http://www.otcmarkets.com/stock/GWDCQ/financials
FORM 10-Q
June 30, 2008
Factors That May Affect Owning Growers Direct Common Stock
(a) There are a large number of shares underlying the Notes. As of June 30, 2008, we had 35,513,992 shares of common stock issued and outstanding. There are currently Notes outstanding that may be converted into an estimated 6,350,584 shares of common stock at current market prices and outstanding warrants to purchase 3,678,695 shares of common stock. All of the shares, including all of the shares issuable upon conversion of the notes and upon exercise of our warrants, may be sold without restriction. The sale of these shares may adversely affect the market price of our common stock.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6144376
GWDCQ InvestorPoint
http://www.investorpoint.com/stock/GWDCQ-Growers%20Direct%20Coffee%20Company%20Inc./
GWDCQ Weekly Chart
http://stockcharts.com/h-sc/ui?s=GWDCQ&p=W&yr=2&mn=0&dy=0&id=p58124774810
Ah, guess it's back to the hunt, then.
this company filed bankruptcy a year or two ago... i really don't think there is a business left and all i could find after the volume spike and pps spike is a rumor the shell was sold in nov 2010
good luck
real
Something about the chart for this stock that I like... I think I'm going to get in on this next week some time. Coffee is such a hot sector. I've been looking for their products online to purchase, but I can't find any.
Umm....who INVESTS in pennies???? That's the most ridiculous thing to do. Trade em. Don't invest em.
why would you invest in this??? someone give me one decent (doesnt even have to be good). Easiest pump/dump to see if there ever was one......jeez
Oh boy. Hope you changed your mind, and decided to get in....ugggggh
HA! yes i was in at 0.003 didn't expect this to happen
Yea. AS is around 75 mil, OS around 34 mil. We're tearing up that float.
Are you still in this? .13 now from your .003
a total dead dog... and it hit 8 cents.. i got stocks that are suppose to be great.. and they cannot hit .0008 cents.. let alone 8 cents.... the float must be great on this one.. they reverse split before the bankruptcy.
real
I cannot believe this one is moving again.. been sitting in my account for years... back from the dead... the Lazarus stock.... they say you don't lose till you sell them.. lol haaaaaaa
real
what is up with this one... its moving again... has it come back from the dead?
real
Yeah i only played the bounce.. this was clearly a pump n dump
hope you got out at .01 - this is stuck and going backwards slowly..
I almost got in, but the volume was too low after the run.
i was in this when it went bankrupt... and i was under the impression they dissolved it.. now it seems to be making trades... unless someone sold the shell... or did they reissue the symbol?
real
Major bounce coming
I have been following this since 10am and it looks like a trap. Nobody is willing to buy anymore, but the seller is willing to sell @ .01 - It moved fast. I was going to buy @ .008 but it did not drop that low again.
Did some quick DD. company looks to be nothing, NOS says revoked.
No news. It was a easy stock to manipulate and show up on scanners. They did just that, but its idle now, still watching though, I hop on for a ride if it dips and there is some volume.
i have very few shares left.. have not looked at that one in a long time.
real
? i will have to look at it.. maybe they sold the shell?
now that is the real questions. its up big on no news
is it even a company? i thought it was dissolved years ago..
real
This company is trash and this stock is heading back down
WELL they took them.. sorry to see it go.
real
I wish they would take my shares for tax purposes...
WELL LOOKS LIKE THIS ONE... is a candidate for the tax income offset.. to bad they could not make it work... though I believe there are a few other coffee coops out there that are working...
real
so did they ever explain what went down with this one...
real
Coffee futures are going thru the roof and look like they can go alot higher (Fast Money on CNBC 5/22)
It is, everything I've found and read states it is toast. I actually gave Mr. Sean Tan a call....he didn't have anything very optimistice to say....
i don't understand the trading on this on.. i thought chapter 7 was the coup de grace for a business.
real
I haven't followed any other company's filing for bankruptcy, I wonder if this is normal
yeah I saw that.. wonder whats really going on.
real
all the way up to a full penny today with an ask of 2 penny's, briefly! I might consider hitting 2 cents soaring.....unfortunately, only a few hundred dollars traded...but should there be a shimmer of light, it should soar like an eagle...LOL
or when does it rise like a pheonix? the lack of any info on the outcome is rude.
real
So, when does this thing finally close the doors and stop trading?
I've called many times in the past and never once talked to a live person nor did they return calls. I have had communications with a lady at Uncommon Grounds and she said its business as usual there....she also was asked to field all emails from investors but she cannot get any answers either.
205,000 shares traded only represents $500
you called them? I was wondering if they were doing a manuver to get around the lawsuit...
real
Yes I see the same thing, people are buying today....the company is not talking, will not return calls, website has been shut down....but they are still selling coffee!
I just expect one day to see it gone and delisted.
anyone talk to the company lately? since I see its still trading?
real
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Strategic Update from Growers Direct Coffee Company’s President & CEO |
Growers Direct Coffee Company, Inc. (OTCBB: GWDC) announced a strategic update today. GWDC’s President & CEO, Mick Rynning, stated, “It’s been nearly two months since I came on board with Growers Direct Coffee Company. Since that time, our team has been diligently working to assess the current state of affairs in the company, which we have now completed in a comprehensive Strengths, Weaknesses, Opportunities and Threats (SWOT) assessment. Subsequently, our team has made considerable effort to solidify our, “Tree to Cup,” vertical integrated strategy, which sets the course for our future success in growth of the company, meeting our customer’s needs, acquiring new customers, as well as improving the investment position of all current shareholders.” Mick continued, “So far, all strategies have advanced forward and a series of press releases will be made upon successful conclusion of strategic ventures. Some of our strategies are significant, innovative, and are not currently being pursued by our competitors, which is why it's been "close to the vest". We believe our market approach is innovative and we intend to become an industry leader as we advance.” Mick further added, “It’s at times like these, in our current economic conditions, that only the most smartly strategized and funded companies will be the “lights in the darkness” of the current market. The coffee segment is a good recession-resistant place for some of the smart money right now, especially with our new viable, effective and executable strategic plan. We are in discussions to secure funding for our new strategic plan, and news of that funding, as well as an outline of the new plan will be forthcoming.” In closing, Mick stated, “I cannot overstate the importance of our team taking the necessary time to develop our new strategic plan, for it is the foundation of all our successes. In the immortal words of Sun Tzu, “This is the art of strategy. It is the most important skill in the nation. In situations of life and death, it is the way of survival or extinction.” At Growers Direct Coffee Company, we fully intend to be both survivors and growers, as we execute our “Tree to Cup” vertically integrated strategy. Our Tree to Cup strategy is an excellent business model that allows our company to pursue opportunities, in spite of these challenging times." For more additional information about us and our coffee products, visit our website at www.growersdirectcoffee.com. Our wholly owned subsidiary, Uncommon Grounds Inc., established in 1984, is a coffee roasting and wholesale company based in Berkeley, California. Visit the website at www.uncommongrounds.net to purchase online artisan roasted blends and single origin coffee beans from Papua New Guinea, Jamaica, Sumatra, Columbia, Brazil and Nicaragua. Except for the historical matters contained herein, statements in this press release contain “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements involve risks and uncertainties which may affect the Company's current and future business and prospects. Actual results could differ materially, as a result of various risk factors including but not limited to: (1) competition in the markets for the Company's coffee; (2) the ability of the Company to execute its business plan; and (3) other factors detailed in the Company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that transactions described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this press release. This release should be read in conjunction with our Annual Report on Form 10-KSB and our other filings with the SEC through the date of this release, which identifies important factors that could affect the forward-looking statements in this release. In addition, factors that could cause actual results to differ materially from those contemplated in the statements include, without limitation, overall economic conditions, and other risks associated generally with the green bean and roasted coffee business. These forward-looking statements are not guarantees of future performance. |
Growers Direct Provides Corporate Update and New Management (NOTE: 10Q was later filed and E removed)
Date : 08/19/2008 @ 9:10AM
Growers Direct Coffee Company, Inc. (OTCBB: GWDC): announced today that the board of directors have appointed Mr.Mick Rynning as the new President and CEO of Growers Direct Coffee Company Inc. Interim President JD Douthitt will serve as Chairman of the board. Nepal Muhuri remains a director and interim CFO. JD Douthitt, Chairman, stated, “Mick certainly has the credentials to lead this company and I share his vision of growth for the future. Execution is the key to success, and with Micks’ proven track record of growth and management, I am confident the future of our company is in good hands.” Mick Rynning, the new President and CEO commented, “I firmly believe that our utmost success will be achieved through genuine and mutually-beneficial relationships, guided by solid strategic planning and timely tactical execution. Using a collaborative-leadership style, I intend to meet the demands of our customers, and to facilitate the success of our business partners as we forge the future together. Growers Direct Coffee Company has a business model that is uniquely positioned in today’s marketplace, one that serves our coffee growers, while meeting consumer demand for best-in-class green coffee beans and artisan roasted coffees. We are just the conduit to facilitate and, as we execute, everyone in the pipeline will share in our collective success.” The new board is currently evaluating the state of our green coffee bean wholesale business, as well as our existing strategies for growth. After the review of our current strategies, affiliations and markets is complete, the board will announce its future plans regarding our “Tree-to-Cup” distribution model. The new board has made arrangements with several sophisticated investors to provide adequate working capital for the next six months. Further long term financing strategies will be announced upon reaching agreement with the financiers.
Management is working very hard to file the currently due 10QSB, quarterly statement, for June 30, 2008 in a timely fashion.
Date and venue for the Annual General Meeting will be announced once determined by the board of Directors.
Growers Direct Coffee Company, Inc. - Notification that Quarterly Report will be submitted late (NT 10-Q)
Date : 08/14/2008 @ 1:49PM
Growers Direct Coffee Appoints Mick Rynning as a Director
Date : 08/12/2008 @ 8:50AM
Growers Direct Coffee Company, Inc. (OTCBB: GWDC): announced today that the board of directors have appointed Mr. Mick Rynning as a new director of Growers Direct Coffee Company, Inc. (“GWDC”) Mr. JD Douthitt becomes the new
Chairman of the Board and the other director Mr. Nepal Muhuri is the interim Chief Financial Officer.
Chairman JD Douthitt commented that “Mr. Rynning is a hands-on guy who has the experience and exceptional credentials in the food and beverage industry, particularly in the coffee and franchise sector, that I am sure will greatly benefit the future growth of GWDC. I welcome Mr. Rynning as a director and will work very closely with him as we embrace the challenges of turning around GWDC.” Mick Rynning said “I have been aware of Growers Direct Coffee Company for some time and have admired their business model and top-shelf product offerings. I very much look forward to working with the Board of Directors to assess the overall state, structure and organization of GWDC, and to formulate a new strategic roadmap for our success. While shareholder value is fundamentally important, my focus will be on the drivers, key performance indicators, and relationships that will lead to increased value for our shareholders, business partners, and customers, alike. We will keep our shareholders informed as we move forward.” Mr. Rynning holds a Bachelor of Science degree in Management from Oklahoma City University, Oklahoma, 1983, as well as Certificate, Management 2000 Franchise Business School, Houston, Texas, 2001. His past and current affiliations include: Executive Board Member, Fast Casual Magazine Executive Alliance, Speaker/Educational Panel Member, National Restaurant Association, International Franchise Association, National Coffee Association USA, Specialty Coffee Association of America.
Mr. Rynning is a result-oriented business executive with wealth of experience in senior management positions and proven achievements in companies ranging from new regional and national start-ups to multi billion dollar International franchise operations. Drawing on his diverse experience of management and operations, Mr. Rynning is uniquely poised to take GWDC to an improved future.
Mr. Rynning was recently the President of Ellianos Coffee Company based in Lake City, Florida. Previously, Mr. Rynning served as a Director of International Business Development for Church’s Chicken based in Atlanta, Georgia. Mr. Rynning’s other business and franchise experience includes working as both the National Franchise Manager and Georgia District Operations Manager for OneSource Franchise Systems of Atlanta, Georgia. Mr. Rynning has also worked as the Manager of International Franchise Administration for Atlanta-based AFC Enterprises, Inc., and working with the CEOs of AFC’s four subsidiary brands (Popeyes Chicken & Biscuits, Church's Chicken, Cinnabon, and Seattle's Best Coffee).
Growers Direct Coffee Management Changes
Date : 08/08/2008 @ 4:30PM
Growers Direct Coffee Company, Inc. (OTCBB:GWDC) announced today that Mr. JD Douthitt, a shareholder, has been appointed a director and interim President of Growers Direct Coffee Company, Inc. Mr. Nepal Muhuri, the remaining director will act as the interim Chief Financial Officer. Mr. Douthitt commented “As an initial long term investor, I was left with no alternative but to welcome the challenge of turning around Growers Direct. I have commenced to contact our suppliers to help salvage our core business. The first order of business is to file the June 30, 2008, quarterly statements, while assessing the overall state of affairs of the Company. I have commenced funding negotiations to rebuild the business. I will also call a shareholders’ meeting at the earliest possible time.” Mr. Douthitt brings to Growers Direct over 40 years of successful business experiences in heavy equipment, manufacturing and ranching. Mr. Douthitt is based in Houston, Texas. Effective August 6, 2008, Vincent Cafici has resigned as the Chief Financial Officer, Secretary and as a member of the Board of Directors of Growers Direct Coffee Company, Inc. Mr. Cafici also resigned as a member of the Board of Directors and as Chief Financial Officer and Secretary of Uncommon Grounds, Inc., a subsidiary of the Company. Effective August 7, 2008, Paul Khakshouri has resigned as the Chief Operating Officer, President and as a member of the Board of Directors of Growers Direct Coffee Company, Inc. Mr. Khakshouri also resigned as a member of the Board of Directors and as Chief Operating Officer and President of Uncommon Grounds, Inc., a subsidiary of the Company.
About Growers Direct Growers Direct Coffee Company, Inc. (OTCBB: GWDC), formerly Coffee Pacifica, Inc., is a worldwide distributor and marketer of gourmet, specialty whole green bean and roasted coffees. The Company sells its coffee beans directly to coffee retailers, commercial roasters, coffee brokers, and specialty grocery and gourmet food stores worldwide. The Company places emphasis on being a sustainable and model corporate citizen by partnering with coffee farmers in countries such as Papua New Guinea, Jamaica, Colombia, and Ethiopia, to increase wages and impart knowledge on environmentally sound farming techniques. Growers Direct also has exposure to the direct-to-consumer retail market through its wholly owned subsidiary, Uncommon Grounds, Inc., a coffee roasting company based in Berkeley, California established in 1984. The Company was founded in 2001 and underwent significant management changes in April 2008. Grower’s Direct Coffee Company is headquartered in New York City. Please visit www.uncommongrounds.net to purchase and “cup” the Company’s diverse range of roasted coffee beans.
Your Own Due Diligence and Buying Decisions A Must!
~Rig~ AND frankie_fillet
read the chart and buy the dips not the tops...
weekly ~ http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29407515
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