Polished Inc (POL)

[Disquisition]

POLEMIC DUMPING

[bar1080]

Falls everyday. Now $0.1286

[willlbone]

Delisting warrants. Bid 9 cents

[bar1080]

Falls everyday. Now $0.1687

[mick1202]

Load up. News after hours $$$

[bar1080]

Down and down and down. $0.197 and off 14% again today.

[AJ Freely]

$POL - 👆Up 45% Pre-Market/ Current Price $0.30
Regains Compliance with NYSE American Continued Listing Standards

[mick1202]

Idiots stacking the ask.learn to trade Soon they will clear

[trendzone]

Keep selling the warrants dirt cheap fools.

[subslover]

Fantastic news here for you!

Polished.com Regains Compliance with NYSE American Continued Listing Standards
BROOKLYN, N.Y.--(BUSINESS WIRE)-- Polished.com Inc. (NYSE American: POL) (“Polished” or the “Company”) today announced that it has received a notification letter from the New York Stock Exchange (“NYSE”) that it has officially regained compliance with the NYSE American’s continued listing standards.

With the Company’s July 31, 2023 filing of a comprehensive Form 10-K for the fiscal year ended December 31, 2022, which also covered delayed filings for the quarters ended June 30, 2022, September 30, 2022 and March 31, 2023, and restated filing for the quarter ended March 31, 2022, Polished is now in compliance with Section 1007 of the NYSE American Company Guide. The Company will be removed from the late filers’ list disseminated by the NYSE American, will retain its listing status and will continue to be traded on that exchange.

ABOUT POLISHED

Polished is raising the bar, delivering a world-class, white-glove shopping experience for home appliances. From the best product selections from top brands to exceptional customer service, we are simplifying the purchasing process and empowering consumers as we provide a polished experience, from inspiration to installation. A product expert helps customers get inspired and imagine the space they want, then shares fresh ideas, unbiased recommendations and excellent deals to suit the project's budget and style. The goal is peace of mind when it comes to new appliances. Polished perks include its "Love-It-Or-Return-It" 30-day policy, extended warranties, the ability to arrange for delivery and installation at your convenience and other special offers. Learn more at www.Polished.com.

[bar1080]

WSJ mentions Goedeker accounting.

"Online appliance and furniture retailer 1847 Goedeker Inc. fired its auditor Sadler Gibb & Associates LLC in December 2020, close to the end of its financial year. The company said there were no disagreements with the auditor.

In March, the St. Charles, Mo.-based company announced a restatement. The accounting do-over, affecting expenses for sales taxes on online sales, more than doubled the company’s reported net loss for 2019 from $2.1 million to $5.2 million."

https://www.wsj.com/articles/when-companies-fire-their-auditors-timing-is-clue-to-future-trouble-11639391581

[bar1080]

Has POL gotten a new CPA firm yet? I see the old firm resigned on Dec 20, 22. No wonder shares keep plummeting.

https://news.bloombergtax.com/financial-accounting/polished-com-says-accountant-friedman-llp-resigned

[bar1080]

New CPAs likely forcing tons of impairments

"Net loss for the year was $126 million, or $1.18 per diluted common share, compared to a net loss of $7.6 million, or $0.12 per diluted common share, in the prior year. This was largely driven by factors that include an impairment charge of $109.1 million"

[bar1080]

Numbers are simply terrible with dreadful prospects

"Polished.com Announces Filing of Restated and Delayed Financial Statements and Release of Results for Q1 2023"

"The process of filing amended and delayed financial statements was extensive because it entailed onboarding a new audit firm and the auditing of the previously filed financial reports since the Company’s merger and initial public offering ("IPO") in 2021. The audit resulted in a restatement of the Fiscal Year 2021 and first quarter of Fiscal Year 2022 results, as well as a reevaluation of the Company’s goodwill associated with the IPO."

https://finance.yahoo.com/news/polished-com-announces-filing-restated-204500189.html

[TrendTrade2016]

sorry for your loss

[bar1080]

Actually about the worst stock I've ever seen. I've called it since its first day. I'm eager to see who they get to audit their books. Perhaps no one.

[TrendTrade2016]

POL...BEAUTY BOTTOM PLay

[willlbone]

10-K must be really bad.

[bar1080]

Pure rubbish!

[IPO$]

Old GOED. Name change.

[trendzone]

Wonder what will happen to the shorts if they don't close out positions before the close,and an offer is excepted over the weekend, that's a good amount over where it's trading right now. .

[bar1080]

Oct 14: "Amid investigation, Polished punts top three executives"

NEW YORK — Polished, the appliance retailer formerly known as the Ballwin-based Goedeker’s, has forced out its top three executives.

Gone are the former chief executive officer Albert Fouerti, the former vice president Elie Fouerti and the chief financial officer Maria Johnson. All three resigned Friday, effective immediately. Albert Fouerti remains on the company’s board of directors."

https://www.stltoday.com/business/local/polished-punts-its-top-three-executives-amid-an-investigation/article_6fec645b-afcd-5d1c-bed0-9eb25a0a9415.html

[bar1080]

Interim this. Interim that. LOLOL! This isn't good: "Polished.com Announces Management Transition."

Appoints Rick Bunka, Who Possesses Extensive Retail and E-Commerce Experience, as Interim CEO, and Bob Barry, Who Brings Institutional Knowledge and Strong Finance Expertise, as Interim CFO.

In connection with the appointments, the Company also announced that it has accepted the resignations of Albert Fouerti, Maria Johnson and Elie Fouerti, effective immediately. Albert Fouerti remains a member of the Company’s Board of Directors (the "Board").

"Polished announced on August 15, 2022 that it filed a Form 12b-25 with the U.S. Securities and Exchange Commission ("SEC") due to its inability to file its Form 10-Q for its second quarter of fiscal year 2022, which ended June 30, 2022. As noted in the Form 12b-25, the Board’s Audit Committee, with the assistance of independent legal counsel and consultants, is carrying out an internal investigation regarding certain allegations made by certain former employees related to the Company’s business operations. The Company continues to expect to complete the investigation in the coming months. "

https://finance.yahoo.com/news/polished-com-announces-management-transition-203000855.html

[bar1080]

Off 70.2% YTD!!!!!!!!!!!!!!!!!!!!!!!!!!

[bar1080]

From viewing multiple boards, not just IHUB, *nobody* cares anymore about this rubbish stock. I'm just sticking around for any possible restatements, Impairments and such. As a longtime student of accounting I "collect" atrocious filings.

[Stock_Barber]

If someone actually cares... it certainly isn't me!


.

[bar1080]

Plenty of class action law firms watching this. Plenty.

[Stock_Barber]

So call them up and complain...

They are the only ones that might care!

[bar1080]

Hilarious. The name change was planned many months ago. I've run websites. Switching out one name for another should take minutes. Why no explanation on the site of why "pretty much nothing works."

"1847 Goedeker (NYSE:GOED) will begin operating under the new parent brand name of "Polished" and trade under a new ticker symbol "POL", effective on or about July 22, 2022."
https://seekingalpha.com/news/3856036-1847-goedeker-to-rebrand-as-polished

[Stock_Barber]

The whole website is under construction after the name change, and pretty much nothing works...


.

[bar1080]

Try putting a product in their website shopping cart. I just get a lot of "This Function is Coming Soon."

https://www.polished.com/

[Stock_Barber]

Thanks... it is so difficult to look 6 inches to the right on the screen to get the same info!

[bar1080]

Down 6.7% yesterday to $0.75.

[bar1080]

Remarkably crappy POL is off another 3.5%. As I often say I collect the planet's most atrocious stocks.. for entertainment purposes only. Never buy them.

[Stock_Barber]

I saw it... and yawned...


.

[bar1080]

"NT 10-Q 1 ea164372-nt10q_polished.htm NOTIFICATION OF LATE FILING (and more)"

regarding certain allegations made by certain former employees related to the Company’s business operations. The investigation is ongoing,..."

https://www.sec.gov/Archives/edgar/data/1810140/000121390022048025/ea164372-nt10q_polished.htm

[Stock_Barber]

I have.

I have no respect for ambulance chasers...

They rarely care if their claims are valid, they just want a settlement!


.

[bar1080]

Google "Goedeker's" or "Polished" and "class action"

[Stock_Barber]

While we really don't know what this news means yet, there is a ton of shorting going on, and they will have to cover...

IMO, it seems like a very good entry point here!


.

[Stock_Barber]

Up 40% off its lows in just a couple of weeks!

[makinezmoney]

$POL: What the hell....... $153Milly Q1-2022 SALES ??????

INVESTOR DECK Q1-2022

https://s25.q4cdn.com/225826556/files/doc_presentations/2022/05/GOED-Q1-2022-Investor-Presentation.pdf


Are you kidding me ???????????????????





And a partnership with the Property Brothers on HGTV ?????




GO $POL

[Renee]

1847 Goedeker Inc., GOED, changed to Polished.com Inc., POL:

https://ih.advfn.com/stock-market/AMEX/1847-goedeker-GOED/stock-news/88648398/current-report-filing-8-k

Related:

1847 Holdings LLC, EFSH:

page ii:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1599407/000121390022042068/fs12022a9_1847holdings.htm

On April 5, 2019, our subsidiary 1847 Goedeker Inc., or 1847 Goedeker, acquired substantially all of the assets of Goedeker Television Co., or Goedeker Television, a one-stop e-commerce destination for home furnishings, including appliances, furniture, home goods and related products. On October 23, 2020, we distributed all of the shares of 1847 Goedeker that we held to our shareholders, so we no longer own 1847 Goedeker.

[bar1080]

Off ANOTHER 5% today.

[MiamiGent]

Polished, hmmm

That may take a while to grow on me

Whatever, just sell chit, the name doesn't matter

[bar1080]

Off 3.25% its first day as "POLished" on NYSE American. Stocktwiters are laughing at the new name. It's always fun to watch rubbish fall.

[Stock_Barber]

GOED headed for the NYSE American as POL tomorrow!

On July 20, 2022, 1847 Goedeker Inc. (the “Company”) changed its corporate name to Polished.com Inc., pursuant to a Certificate of Amendment to the Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) filed with the Delaware Secretary of State on July 20, 2022 (the “Name Change”). Pursuant to Delaware law, a shareholder vote was not necessary to effectuate the Name Change and the Name Change does not affect the rights of the Company’s stockholders. The only change to the Company’s Amended and Restated Certificate of Incorporation is the change of the Company’s corporate name from 1847 Goedeker Inc. to Polished.com Inc. A copy of the Certificate of Amendment is filed as Exhibit 3.1 hereto and is incorporated by reference herein.

The Company also amended and restated its Bylaws (the “Amended and Restated Bylaws”) on July 20, 2022 to reflect the Name Change and to make other minor cleanup and conforming changes thereto. A copy of the Amended and Restated Bylaws is filed as Exhibit 3.2 hereto and is incorporated by reference herein.

In connection with the Name Change, the Company also announced that it intends for its common stock and warrants to purchase common stock to cease trading under the ticker symbols “GOED” and “GOED WS,” respectively, and begin trading under the new ticker symbols, “POL” and “POL WS,” respectively, on the NYSE American, which the Company expects to be effective on or about July 22, 2022.

[Stock_Barber]

1847 Goedeker Announces Plan to Re-Brand as Polished and Shift to “House of Brands” Model

Company’s “House of Brands” to Feature Polished While Still Including Appliances Connection and Goedeker’s

Shift Will Position Polished to Capture Significant B2C and B2B Market Share While Enabling Legacy Brands to Maintain Loyal Customers

1847 Goedeker Inc. (NYSE American: GOED) ("Goedeker" or the "Company"), a content driven and technology enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today announced that it will soon begin operating under the new parent brand name of Polished and have a new ticker (NYSE American: POL), which is expected to become effective on or about July 22, 2022. The Company’s warrants will trade under the symbol POL WS. In addition, the Company announced it will be shifting to a “house of brands” that continues to utilize the Appliances Connection and Goedeker’s banners preferred by certain legacy customers. This shift represents a significant step in the Company’s rebranding process and reflects leadership’s commitment to becoming the ecommerce leader in household appliances.

The Company plans to formally launch the Polished brand, which will provide customers with a new shopping experience, and its digital assets before the end of 2022. The Company expects that the Polished brand will be the primary banner in the Company’s “house of brands” model and that the Polished banner will be a significant driver of sales over the next 12-18 months. The shift to a “house of brands” model will enable consumers, designers and builders to have greater access to more selection, better price points and personalized assistance.

Albert Fouerti, Chief Executive Officer of Goedeker, commented:

“We are thrilled to be rebranding as Polished, a ‘house of brands’ that will also include the legacy Appliances Connection and Goedeker’s banners. Additionally, we look forward to rolling out the Polished brand, a new shopping experience, in select markets over the coming months. Throughout our rebranding process, we have heard feedback from customers regarding their journey from inspiration to installation. It is our mission to reduce their pain points and deliver assurance and enjoyment throughout every step of their shopping journey. Operating under a ‘house of brands’ will enable us to drive more value for more customers by providing a personalized appliance shopping experience from initial search through delivery and installation. We believe this rebrand is another major step in our transformational journey toward our goal of increased market share and $1 billion in targeted annual sales.”

[Stock_Barber]

On December 22, 2021, the Company amended its Certificate of Incorporation to increase the total number of authorized shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), from 200,000,000 shares to 250,000,000 shares (the “Charter Amendment”).



On July 7, 2022, the Company filed the Certificate of Correction (the “Certificate of Correction”) with the Secretary of State of the State of Delaware, voiding the Charter Amendment and causing the number of authorized shares of Common Stock to remain at 200,000,000. As of July 6, 2022, the Company had 106,457,098 shares of Common Stock issued and outstanding and an aggregate of 848,479 shares reserved for potential future issuance under outstanding awards under its 2020 Equity Incentive Plan and upon exercise of outstanding warrants.

[bar1080]

$1.20, another all-time low I believe for this rubbish stock. Interest in GOED is about nil except for some posts on Stocktwits and everyone knows what that means.

[MiamiGent]

Well stated, SB.

MG