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accumulate! there is not much left down here ;0)
That whack they got fed with was pretty loud.
§NLEF
Yup, accumulation happening at these levels... positive news is imminent. I bought back in hoping to make some losses back from last year.
2.5M bidder someone is loading quietly ! http://stockcharts.com/freecharts/gallery.html?nlef
Ok...IFCR is caught up....now it's our turn!
OK, so let's actually say something, not "we are going to say something". Then finish the statement: Sincerely DF. Peace
Starting to look like there may be some life left...
Read his pr. For what its worth ive sold half of my nlef and put it into ifcr. Did that a couple of weeks ago. Dont have pm.
Nope. Not even trying to be "best small cap beverage holding company in North America" anymore. Now it's "a brand and branding company acquiring established brands".
More "we're broke but somehow going to convince profitable companies to enter into purchase agreements with us"...talk.
A guy associated with ECDC as director? Associating with LIBE? Outrageous, fluffy, lunch-gaging PRs?
All smells like a bunch of catfish to me. BWDIK...
§NLEF
DF-Just even plan to bring back the tea. We have another 250% worth of ideas to this company. Just listen.
news! good things developing here !
Got plenty of .0012s to sell-into that fluffer-nutter, DF?
http://money.cnn.com/news/newsfeeds/articles/marketwire/1201867.htm
§NLEF
Or at-least hire Annie back for the PR. I swear, if he makes me choke on my Fruity Pebbles one more time...
§NLEF
PR says it's in "hibernation"
i have a crazy idea for nlef, how about bring back the tea that everyone loved?
New Leaf Brands to Provide Updates
Jun 10, 2015 10:22:00 (ET)
New Leaf Brands to Provide Updates
DANBURY, CT--(Marketwired - Jun 10, 2015) - New Leaf Brands Inc. (OTCBB: NLEF), a diversified beverage holding company acquiring brands, distributors and co-packers in North America, provided an update to its shareholders.
New Leaf's CEO, David N. Fuselier, commented on the current condition of the company: "The past eighteen months have been immensely disappointing to the board, management, shareholders and all stakeholders alike. We sought to build shareholder value by re-invigorating our flagship New Leaf beverage brand and expanding into the beverage distribution market. For a variety of reasons, both have failed, and we are now assessing our corporate mission."
New Leaf Brands made considerable strides in its restructuring during 2012, raising capital, increasing net equity and re-establishing sales, primarily in the northeast.
In 2013, New Leaf acquired a beverage distributor that generated approximately $4,000,000 in revenues and that held much promise for growth. As part of the transaction, New Leaf entered into an agreement with a nationally recognized factoring company that provided a $1,000,000 credit facility that successfully supported the company's operations throughout 2013 and into early 2014 with no events of default. In 2013, we reluctantly put into hibernation our New Leaf branded teas and lemonades.
In 2014, we then entered into a $4,000,000 credit facility relying largely on the new lender's representation that the credit facility could be utilized for acquisitions. The lender funded one initial tranche of $1,000,000 under the facility and then reneged on significant terms as provided under the facility. In doing so, our distribution operations became severely constrained and we lost most of our key distribution brands and their inherent distribution value. The lender has since declared us in default and we have counter-sued for an array of reasons; many of which are civil in nature but some approach other forms of law. We have discussed in great depth with our legal counsel and with regulatory authorities our follow on courses of action. We intend to pursue, to the fullest extent possible, the resolution of this matter. Management is disgusted by this lender's pattern, practice and tactics and cannot ignore, nor forget, the suffering it applied to New Leaf and its subsidiary.
New Leaf's CEO, David N. Fuselier, continued, "This lender put 24 people, with families, out of jobs and destroyed an otherwise good operation. We didn't need a lender to purposely and maliciously drill it into the ground -- anyone could do that. Our distribution company was a good operation, with good brands, a great location, with good people, and this lender checked out after the closing with the intent to cause the Company harm. They had performed due diligence, provided the credit line and made choices that substantially harmed our operations."
In the coming week, management will establish a new corporate mission and provide additional press releases relaying information on financials and audit, litigation, personnel, corporate governance, acquisitions and funding. Management has stated that though these are difficult times, it believes its relationship with stakeholders remains strong.
About New Leaf Brands, Inc.
New Leaf Brands (OTCBB: NLEF) historically has been a diversified beverage holding company acquiring brands and distributors in North America. For our customers, we provided high-quality, great-tasting beverages in well-placed consumer markets. For our shareholders, we sought to acquire companies that build, maintain and nourish shareholder value. Our corporate mission was to be the best small-cap beverage holding company in North America. Today, the Company is re-evaluating its corporate mission and will provide an update on its strategy during very soon.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's 10-Ks and 10-Qs on file with the Securities and Exchange Commission.
Contact:
David Fuselier
CEO
(203) 628-7142
Okay, then put a bid in of .0016 and I will be happy to fill it
call me crazy but i like it :)
In the coming week, management will establish a new corporate mission and provide additional press releases relaying information on financials and audit, litigation, personnel, corporate governance, acquisitions and funding. Management has stated that though these are difficult times, it believes its relationship with stakeholders remains strong.
Is he serious with that PR. WTF, so thats how this plays out. You are blaming the lender for your problems. What a joke.
Just wait until the shares start to unloD here.
can it even be considered news?
"For a variety of reasons, both have failed, and we are now assessing our corporate mission." "
"The past eighteen months have been immensely disappointing to the board, management, shareholders and all stakeholders alike. We sought to build shareholder value by re-invigorating our flagship New Leaf beverage brand and expanding into the beverage distribution market. For a variety of reasons, both have failed, and we are now assessing our corporate mission."
CAN YOU SAY BANKRUPTCY.
Sold portions of stocks to put into ifc$
No faith in DF?
Lol. Thats mine. Tried to sell 25000 at .0022. Only sold 11000
Huge day here! Look at all that volume!
I think he is full of crap he's just stringing everybody along
Hey stockcars. Per fuselier nothing will happen here till ifcr is up to date which will happen by 6-31. He is in charge of turnaround in both and has said he wants ifcr done first. I dont look for any news here for at least a month. Imo could be wrong. I do know from last conversation that this is still on his agenda
Go to his other company! Things about to get exciting there!
Knock, Knock.....Anybody Home? David, David are you there?
Supposedly pr's concerning nlef are to start coming out in late may according to ceo. All i know at this time
I agree with that. As a matter of fact im quite sure of it. Just my thoughts tho
If he does turn IFCR around and then focus on this I don't think it will be the same. I don't think NLEF is in as bad a shape. When this starts to move it will be different
§NLEF
People are buying shares. They know nlef is next as soon as ifcr is done
What a share was bought today. Wholly cow
From what ive heard. ( again just what ive heard). There will be nothing here until ifcr is up to date. Lets hope we arent delisted first
Perhaps they were right last year. Move New Leaf to Washington or Colorado and "turn over a NEW LEAF".
HEY DF, Do Something! Anything, get financials!
What's that code for?
Talked to fuselier today. Nlef fins still ongoing. Says he is working very hard and that he expects nlef to be successful. First time he has sounded upbeat in quite awhile
I know he has said that ifcr is first then comes nlef. It may take awhile but it looks like he is getting things done
10K FOR IFCR!!! THAT'S WHAT!!!!
Yea buddy!!! NLEF is next and I couldn't stuff one more cheap share into this bag!
§NLEF
you mean besides absolutely nothing?
From what i understand they are missing some documents and they need to be produced. We should know a lot more by end of week. You cant keep promising fins and then not show them. Hes been stalling no doubt and it has finally caught up with him here and ifcr. If he doesnt have the money to pay for them we will be delisted
Thats not what it means at all. This isn't good news at all. Get on PACER and read the case.
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