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Sean's Letter to his Shareholders....$NGTF...11/15/23
Letter To Sean's $NGTF Shareholders
Recent NGTF CEO Post on Companies SM Site;
Sean Folkson, [Nov 30, 2023 at 8:55:07 PM]:
guys, there's plenty in the works.
I see people talking about things as thought Nightfood was dead. We're not. The opportunity remains as big as ever. The primary focus right now is on the acqusitions and DTC launch.
We're hiring specialized agencies because one individual (not me, or Simon, or most others) will have the skills and expertise required. It's the most cost effective way to go, especially considering we had months of gap from the time we were able to commit to the DTC initiative until we can launch. Paying people during that time would get expensive and we are working to preserve capital as we go here
We set out to solve a huge problem. Maybe we got starry-eyed when a Walmart or a global hotel company pitched us to do business with them, told us we had the next big thing, and made promises that weren't kept. So we move forward.
If I could change some things in the past, we would have done some things differently, including launching DTC cookies and other ambient snacks as early as possible after the ice cream launch. (I think Harry pointed that out)
A few of you mentioned how great the ice cream is, and I agree...but that's not enough to win in the supermarket freezers.
Here's a list of companies, big and small, that have had MASSIVE reductions in ice cream distribution in the most recent reports compared to a couple of years ago. Many are out of the ice cream business entirely now. After what happened with Walmart, I think pivoting out of supermarkets for us was the right move. (could be wrong, wouldn't be the first time).
Private label is up 33% from 2021. up huge are B&J, Haagen Dazs, Bryers, Blue Bell, Talenti, Tillamook, Blue Bunny (all 12-25%)
Down huge are
Halo Top
Rebel
Kind
FairLife
CoolHaus
Cheesecake Factory
Arctic Zero
So Delicious
Nada Moo
Peekaboo
Brave Robot
High Road
Ciao Bella
Double Rainbow
Re-Think
Planet Oat
Cado
Beckon
Killer Creamery
Some of these were darlings... SoDelicious is down from $85M in 2020 to $64M this year. Nada Moo went from $15M to $4M in the same time.
Halo Top from $191M to $122M in 3 years. Rebel down from $88M to $64M in same period. Arctic Zero from 6.2M to $3.4M
Cheesecake factory from 8.3M to $400K. Kind from 4.8M to $22,355. so that's 2 huge companies that toally left the space.
Fairlife this past year went from $9M to $2M.
To say that we needed to promote harder and we would have won is not something I agree with.
Many of these brands are owned by billion dollar companies.
To respond to what Daniel said, I do think we've learned a ton from what's gone wrong and what hasn't worked. The key lessons learned relate to messaging, and the avoidance of gatekeepers so that we can democratize who we sell to. the market for whate we're doing is huge but not concentrated. We weren't able to quickly enough build enough geographic demand concentration to support supermarket distribution. We sold well in hotels. Those procurement challenges are well-documented.
I believe our DTC launch will take all those lessons and allow us to succeed.
Does that guarantee we'll get everything correcet immediately out of the gate (or even get it all right at all)? no. Might DTC fail? yes.
But I continue to believe there's a billion dollar category out there. I don't think anybody here disagrees. So I keep working towards that.
Anybody thinking we're going to go under and/or run out of money, of course that's possible. But please consider that Mast Hill, to whom we owe approx $2M, just provided additional capital last month and again last week. As you can see from our filings, I have only been paid for 3 months this year (at $6K/month). And I put in $40K this year that won't get repaid until and unless Mast Hill is paid in full. That's not to complain, just to show everybody that my money (or lack of it) is where my mouth is.
Other than Simon, nobody else in the deck has left. Jerry is still with us, working on stuff for our filing as we speak, but not as CFO.
We're continuing to progress on the acquisitions, we expect financing to continue, and we expect DTC to allow us to put the category on the map.
I understand the frustration and the criticism, but those are my expectations, and that's what I'm working towards.
Is he still sniveling? lol
Seajoke has a nice ring to it!!!
If he's 9 that would make him at least 6 years your senior. lol
Are you going to buy more shares, or just keep sniveling? :)
Seajoke? another 9 year old, nah, it's the same clown, these 2 bobo's are the same person, how sad is that?
Seajerk? what are you 9? freakin clown show.🖕
Hmmm...seajoke left that part out. lol
We all know what you pump...move on Gomer.
It’s all about stealing other people’s money to you! Seajerk!!
Like I said, do you ever shut up, we all know what you think, move on dude
The float is huge. Makes it much harder to move the price per share up. Terrible investment.
Float
110,000,000
10/16/2023
Sean has failed the investors.
Do you 2 clowns ever shut up? Sputnik and you are the Beevis and Butthead of Investorhub
Panic in Cookieville...tapping the ask to prop up the share price.
It's good for Sean...he sells toilet paper at a premium. lol
I wonder if Sean will send me another letter now? lol
Sean you need to hire some new pumper clowns!!!
I hope you are still a substantial shareholder and have all of your shares locked up!
LOL!! A new 52 week low has been attained!! Great job Sean!!!
Letter to Shareholders;
Letter to Shareholders
YW...and yer right. Sub-penny is on it's way.
I should be getting another letter in the mail from Sean any day now. lmao
Sub-penny on its way for NGTF!!
Thanks! Great work!!
OS up a million shares on Friday and someone dumped a pile.
Outstanding Shares
127,221,301
11/10/2023
Sean wonder how much he owns
Company going to be interesting
Smart buyers recently maybe and stupid sellers, time will tell
Nightfood Postpones Investor Conference Call Previously Scheduled for Wednesday, November 1, 2023 at 4:30PM Eastern
Press Release | 11/01/2023
TARRYTOWN, NY, Nov. 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nightfood Holdings, Inc. (OTCQB: NGTF), the company pioneering the sleep-friendly nighttime snack category, announced today that the investor conference call, scheduled for this afternoon at 4:30PM Eastern, has been temporarily postponed.
“We’ve been working diligently for several weeks on our acquisition of another company and were hoping to be able to announce it today,” disclosed Nightfood CEO Sean Folkson. “This is a complicated transaction with many moving parts, and it hit a delay this week. Up until this past hour, we were hoping to be able to announce today. Since we can’t discuss details today, we thought it best to postpone our call until such time as we can disclose and discuss.”
The Company plans to reschedule the call for the soonest practicable date and will share that information with investors via news release at the appropriate time.
The Company points out that there is no guarantee the transaction being contemplated will be consummated by any specific timeline and may not be consummated at all.
About Nightfood
Nightfood is pioneering the category of sleep-friendly nighttime snacks.
Over 80% of Americans snack regularly at night, resulting in an estimated 700 million nighttime snack occasions weekly, and an annual spend on night snacks of over $50 billion. The most popular choices are ice cream, cookies, chips, and candy. Recent research confirms such snacks, in addition to being generally unhealthy, can impair sleep, partly due to excess fat, sugar, and calories consumed before bed.
Nightfood’s sleep-friendly snacks are formulated by sleep and nutrition experts to contain less of those sleep-disruptive ingredients, along with a focus on ingredients and nutrients that research suggests can support nighttime relaxation and better sleep quality.
About MJ Munchies, Inc.
MJ Munchies, Inc. is a wholly-owned subsidiary of Nightfood Holdings, Inc. which exists to capitalize on legally compliant opportunities in the CBD and marijuana edibles and related spaces. Munchies has built an intellectual property portfolio that includes protections regarding the use of the “Half-Baked” mark in the State of California relating to certain cannabis-related products and the HalfBaked.com domain. On September 21, 2023, Munchies announced it had entered into an exclusive license agreement for the Half-Baked trademark with Houdini Group, a vertically integrated California-based cannabis company.
Questions can be directed to investors@Nightfood.com
By signing up at ir.nightfood.com, investors can receive updates of filings and news releases in their inbox.
Forward Looking Statements:
This current press release contains "forward-looking statements.” Statements in this press release which are not purely historical (including, but not limited to statements that contain words such as “will,” “believes,” “plans,” “anticipates,” “expects” and “estimates”) are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, sales projections, potential customers, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (a) the inherent uncertainties associated with distribution of our products, (b) the market acceptance of our products at all levels of distribution and sale, including retail purchasers, wholesalers, hotel chains and possibly airlines, (c) the success and commitment of our distribution partners to access distribution channels and successfully engage with sellers of our products, including, supermarkets, hotel chains and possibly airlines, and our success in obtaining purchase orders from hotel chains, supermarkets and others, (d) competition from existing and new companies and products and (e) difficulties associated with obtaining financing on acceptable terms . These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Media Contact:
Sean Folkson
sean@nightfood.com
888-888-6444, x4
Investor Contact:
Stuart Smith
investors@nigthfood.com
888-888-6444, x3
NGTF is headed for sub-penny.
I guess they didn't want to be around when NGTF goes sub-penny.
Some were just pumpers looking for the flip.
Anyone recently try the product
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Moderators Sputnik notshakenorstirred |
Sleep experts formulated Nightfood for guilt-free nighttime snacking with a sleep-friendly nutritional profile.
Market Value | $2,401,569 | Aug 20,2024 | ||
Authorized Shares | 200,000,000 | Aug 16,2024 | ||
Outstanding Shares Restricted Shares Held at DTC Float | 128,907,407 28,130,904 96,964,132 96,077,059 | Aug 16,2024 Aug 16,2024 Aug 16,2024 Feb 16, 2024 |
Nightfood Address:
520 White Plains Road
Suite 500
Tarrytown, NY 10591 US
Telephone:
888-888-6444
Fax:
888-824-4958
Email:
nightfood@nightfood.com
Investor Contact:
Stuart Smith
investors@nightfood.com
888-888-6444, x3
Ruskin Moscou Faltischek, PC
Stephen E. Fox, Esq.
1425 RXR Plaza
15th Floor, East Tower
Uniondale, New York 11556
T: 516-663-6600
Ruskin Moscou Faltischek, PC
Stephen E. Fox, Esq.
1425 RXR Plaza
15th Floor, East Tower
Uniondale, New York 11556
T: 516-663-6600
Transfer Agent
ClearTrust, LLC
16540 Pointe Village Drive
Suite 206
Lutz, FL 33558
inbox@cleartrusttransfer.com
Fax: (813) 388-4549 9am to 5 pm Eastern Standard Time
Financial Results :: Nightfood Holdings, Inc. (NGTF)....Q3 2014 - Present
10-Q - 04/01/2024 - NightFood Holdings, Inc. Period ending 12/31/23
10-Q - 12/29/2023 - NightFood Holdings, Inc. Period ending 9/30/23
10-K -NGTF Period Ending 6/30/23- Fiscal Year End NightFood Holdings, Inc.
10-Q NGTF QTR 3 2023 Period Ending 3/31/2023 - NightFood Holdings, Inc.
10-Q NGTF QTR 2 2023 period Endiing12/31/22 - NightFood Holdings, Inc.
10-Q NGTF QTR 1 2023 Period Ending 9/30/22 - NightFood Holdings, Inc.
NGTF 10-K - Period Ending 6/30/22 Fiscal year 2022 NightFood Holdings, Inc.
NGTF 10-Q QTR 3 2022.....Period Ending 3/31/2022
NGTF 10-Q QTR 2 2022... Period Ending 12/31/2021
NGTF 10-Q QTR 1 2022... Period Ending 9/30/2021
Nightfood NGTF 10-K Period Ending 6/30/2021 Fiscal Year 2021 Results
NGTF 10-Q, QTR 3 2021 Period Ending 03/31/21
NGTF 10-Q, QTR 2 2021 Period Ending 12/31/20
NGTF 10-Q QTR 1 2021 Period ending 9/30/20
FINRA Equity Short Interest
5/15/2024 Current Short....10,425 Average Daily Volume 210,727 Days to Cover 1
Nightfood Declared Winner -- Best New Ice Cream at 2019 World Dairy Innovation Awards...6/27/19
Best New Ice Cream as well as Best Dairy Dessert.
Past award winners have included Chobani, Stonyfield, Yoplait, a2 Milk, and Yasso.
Product of the Year USA | Consumers Vote. Sales Increase. The largest Consumer Survey Of Product Innovation
ABOUT | Product of the Year USA
Winners | Product of the Year USA
BUY NIGHTFOOD NOW!!!
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