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maybe
GOED can get some pre-orders from the people in this devastated area
MiamiGent Member Level Monday, 08/30/21 09:54:47 PM
Re: None
Post # of 560
GOED Gonna need a LOT of new appliances after Hurricane IDA.
In-surance companies and FEMA gonna be writing a LOT of checks.
Nice day! Nice reversal!
MG
And it just keeps going up!
I have made a ton of money here and am still riding substantial FREE shares!
I couldn't be happier with the money that I have invested in GOED!
this
is the amazing thing about these companies with nothing going on
-they can only pr an executive change with the up to purchase of shares - yeah ok
-no more fluff written order estimates
-downward “revisions”
GOED labor day sale going on sell before the “holiday”
count your fingers thank me later
maybe
this dump from the pump will take it close to 2 or below
GOED labor day sale in effect. go on now git while the gettins’ good
hahahahaha
just a bit ……
BLOOD MONEY
GOED labor day sale going on now enjoy it while you can
that’s amazing news. and up to $1MM
is it 0-$1,000,000 ? i’ll take 0
1847 Goedeker Announces Chief Executive Officer Transition and Steps to Strengthen Leadership
ST. CHARLES, Mo., Aug. 31, 2021 /PRNewswire/ -- 1847 Goedeker Inc. (NYSE American: GOED) ("Goedeker" or the "Company"), one of the largest specialty ecommerce players in the U.S. household appliances market, today announced that its Board of Directors (the "Board") has taken the following steps to strengthen the Company's leadership and set a foundation for continued growth:
The Appointment of Albert Fouerti as Chief Executive Officer - Mr. Fouerti, who was previously Chief Executive Officer of Appliances Connection and most recently served as President of Goedeker, has been appointed to the role of Chief Executive Officer, effective immediately. Mr. Fouerti intends to purchase up to one million dollars of the Company's securities to supplement his current stockholdings as soon as practicable following this announcement, subject to applicable legal requirements. He succeeds Doug Moore, who has also stepped down from his position on the Company's Board. The Company thanks Mr. Moore for his leadership over the past two years and throughout the acquisition of Appliances Connection.
The Appointment of Ellery W. Roberts as Executive Chairman - Mr. Roberts, who had been serving as Chairman of Goedeker, will assume the Executive Chairman role in anticipation of greater involvement in certain corporate, non-operational activities. The Board believes this will position Mr. Fouerti to successfully transition into his new role and devote the majority of his time to leading business operations and overseeing revenue-generating initiatives. The Board does not anticipate having an Executive Chairman on an indefinite basis.
The Formation of a Strategic Planning Committee - In an effort to support the management team as it works to continue integrating the businesses and pursuing growth, the Board has formed a Strategic Planning Committee that includes Mr. Fouerti, Mr. Roberts and Alan P. Shor, who recently joined the Board following the announcement of the Appliances Connection acquisition. The Strategic Planning Committee will focus on initiatives that enable the Company to continue advancing the post-acquisition integration and growing market share.
Mr. Fouerti commented:
"Now that Goedeker has completed the acquisition of Appliances Connection, we are well-positioned to begin aggressively scaling and pursuing market leadership. We have a clear strategy that is grounded in providing customers unmatched selection, competitive pricing, dependable and fast shipping, and a seamless online shopping experience. With the support of our aligned and experienced Board, I look forward to working with the management team to execute on these priorities and pursue the type of growth trajectory we had at Appliances Connection prior to the merger. We started off as an ecommerce exclusive store, and now we are a powerhouse retailer of professional appliances and have transformed into a complete home lifestyle brand. We continue to produce and provide rich data and content on our website, making us a source for all people looking to buy appliances. I am excited to see our growth scale as we continue this venture."
Mr. Roberts added:
"After considering a variety of factors, our Board determined that Albert was the right individual to succeed Doug as Chief Executive Officer. Albert's alignment of interest with stockholders and distinct experience building a world-class appliance retailer make him the ideal leader for Goedeker as the Company pivots to a post-merger growth phase. On behalf of the Board, I also want to thank Doug for his guidance and vision throughout a transformative period in which we became a public entity and combined with Appliances Connection."
In addition to today's changes, the Company also intends to continue strengthening its Board by filling Mr. Moore's seat with a highly-qualified, independent individual and evaluating other opportunities to add diverse, experienced directors with governance, fulfillment and ecommerce experience.
Relevant Biographies
Albert Fouerti
Prior to becoming Chief Executive Office of Goedeker, Mr. Fouerti served as President of the Company. He was the Chief Executive Officer of Appliances Connection and its affiliates prior to the recent merger with Goedeker. With over 20 years of experience in ecommerce and retail, he made Appliances Connection a household name for kitchen appliances. Driven by technology, he entered the appliance business in 2008, and has contributed in taking the industry into to the digital age. Along with his brother, Elie Fouerti, he developed a process of delivering bulky items across the United States. Mr. Fouerti is one of the Company's largest stockholders.
Ellery W. Roberts
Ellery W. Roberts has more than 20 years of capital markets and investing experience. Mr. Roberts has been the Chairman, Chief Executive Officer, President and Chief Financial Officer of 1847 Holdings since its inception in 2013. Mr. Roberts has also been a director of Western Capital Resources, Inc., a public company, since May 2010. Prior to forming The 1847 Companies LLC, Mr. Roberts was the co-founder and was co-managing principal from October 2009 to June 2011 of RW Capital Partners LLC, the recipient of a "Green Light" letter from the United States Small Business Administration permitting RW Capital Partners LLC to raise capital in pursuit of the Small Business Investment Company license with the preliminary support of the Small Business Administration. Mr. Roberts was a founding member of Parallel Investment Partners, LP (formerly SKM Growth Investors, LP), a Dallas-based private equity fund focused on re-capitalizations, buyouts and growth capital investments in lower middle market companies throughout the United States. Previously, Mr. Roberts served as Principal with Lazard Group LLC, a Senior Financial Analyst at Colony Capital, Inc., and a Financial Analyst with the Corporate Finance Division of Smith Barney Inc. (now known as Morgan Stanley Smith Barney LLC). Mr. Roberts received his B.A. degree in English from Stanford University.
Alan P. Shor
Alan P. Shor became a member of the Company's Board of Directors upon closing of the Appliances Connection acquisition. Mr. Shor is a co-founder of The Retail Connection, L.P., a retail real estate company, and has served as its President and Co-Chairman of the Board of Directors since its launch in January 2004. Mr. Shor is deeply involved in the strategic direction and day-to-day operations of the company and also leads its investment and merchant banking business. He has served as an operating partner with leading private equity firms which have deep experience in consumer and multi-unit based investments. He is an investor in and a Board member of four high-growth retail chains: Diamonds Direct (since 2015), WSS (since 2015), Neighborhood Goods (since 2017) and Obsession Fragrance (since 2019). Prior to launching The Retail Connection, Mr. Shor served as President, Chief Operating Officer and a member of the Board of Zale Corporation, a publicly-held specialty retailer of fine jewelry. Prior to joining Zale, he spent 12 years with Troutman Sanders, an international law firm, where he built a strong track record of advising senior management teams of Fortune 1000 companies. Mr. Shor is also active in a number of professional and charitable organizations. Mr. Shor graduated with honors from both the University of Georgia and University of Georgia School of Law.
GOED chart looks like ………
it’s ready for the dumpster
newbies crushed !
labor day “sales” - “sells” don’t get trapped anymore than you already are
it’s blood money when someone jumps around all giddy about the “possibilities” of “ greater” sales
while people are dying, sick and soon to die and homeless
who is gonna shop at GOED for these replacements anyway????
is the company going to put a billboard in the flood water?
Seriously?
A retail company that benefits from a natural disaster is "blood money"?
Geez... that's nutty!
GOED = BLOOD MONEY
good luck to all investors here
looks like all that matters is a few possible extra sales because of tragic events
sleep well!
those poor newbies!!!!
Huh? GOED has made money for most recent purchasers?
It sure has for me!
GOED Gonna need a LOT of new appliances after Hurricane IDA.
In-surance companies and FEMA gonna be writing a LOT of checks.
Nice day! Nice reversal!
MG
haha probably not many
maybe if it goes up another 3 or 400%
poor GOED newbies
labor day sales
I'd think the "poor newbies" would be happy with today's price action!
wow
that GOED chart reminds me of
can’t
wait to see the labor day “sales” or ……….“sells”
hahahahahaha
Nice Institutional holdings!
https://fintel.io/so/us/goed
totally aweful!
Uh... GOED went up today in a very down market...
That also must also be bad somehow, no?
at this point
what more can GOED announce?
-they have already downward restated their revenue “guidance” (let’s use that word lightly)
-the warrants are a separate vehicle with no premium so no one will redeem
-did they already max out the credit facility from the bank, too?
anyone know what’s up their sleeve for the annual meeting?
i’m worried about the newbies getting smoked here even more than they already are
Strange...
I read the same article and noted only 2 potential negatives in an otherwise very positive article!
https://www.stltoday.com/business/local/goedeker-s-shedding-family-name-mom-and-pop-modesty-as-it-looks-to-conquer-online/article_586ec60b-b3fc-5a43-b2f6-2cb89666f159.html
Much negative in this long article.
"The company had to sell new shares to raise money for the purchase, and when it did, it priced them well below where its stock had been trading on the open market. Shares tumbled. When Moore spoke to investors after the closing, one said he felt he’d been “given the shaft” on the deal."
"The company is struggling with supply chain issues, as is the rest of the industry. Moore told investors Thursday the company is advertising less to avoid attracting orders it can’t fulfill."
https://www.stltoday.com/business/local/goedeker-s-shedding-family-name-mom-and-pop-modesty-as-it-looks-to-conquer-online/article_586ec60b-b3fc-5a43-b2f6-2cb89666f159.html
wow
I didn’t realize how bad it was
those poor GOED newbies!!!!
how will they ever make their money back?
that dreaded
GOED shareholder meeting - two-and-a-half months from now
makes your mind go in circles wondering what they’re gonna drop on you
I guess that’s all the news they could probably give you
- the written order thing has left the building
excitement!
SAVE THE DATE!
do you
still think it’s a good play?
down a bit again today
GOED newbies in a state of panic.
will they ever get their investment back?
Really? I didn't realize that was taboo?
Maybe it is just an expression not used by certain generations?
Solid, professionally managed enterprises don't refer to themselves_as_"players." GOED is rubbish.
one of the largest specialty ecommerce players in the U.S.
1847 Goedeker Sets Date for 2021 Annual Meeting of Stockholders
ST. CHARLES, Mo., Aug. 25, 2021 /PRNewswire/ -- 1847 Goedeker Inc. (NYSE American: GOED) ("Goedeker" or the "Company"), one of the largest specialty ecommerce players in the U.S. household appliances market, today announced that it has scheduled the Company's inaugural Annual Meeting of Stockholders (the "Annual Meeting") for Wednesday, November 10, 2021. Further information regarding the Annual Meeting will be set forth in the Company's notice of the Annual Meeting, proxy statement and other proxy materials. Stockholders are not being asked to take action at this time.
do you
think it’s a good play based on the lowering of the annual revenues projections?
or maybe the facts that stimulus is over and the buying frenzies with the free money are mainly over ?
and people are not buying large ticket impulse items ?
or is there another reason?
let’s also not forget the slim margins in this space
newbies need to know….down huge!!!!
Yes, I think retail selling is done for now...
GOED Getting perky. I hold a relative lot so any rise like this affects my account nicely.
I think this is a good play.
GLTA!
MG
any
words of “wisdom” to the newbies holding the GOED bag?
is this a “lifetime” hold play?
yup
“box” this thing up and sell it by Christmas
i’m not so sure about this prediction even if it’s a pretty “box”
GOED Accumulate now by year end share price will be easily above $3 you can take that to the Bank!!!
I actually agree with your statement
Today's continuing void means some young kids sucked in and used margin are getting creamed.
I don’t think it did
who is jerry seinfeld? is he a investment manager?
he needs to put a disclaimer on his investment advice
a lot of newbies down big money here
GOED Will this continue up today, in anticipation of tomorrow's ER?
"I think so"(Jerry Seinfeld)
Absolutely. Retailers are shutting down everywhere.
wow
you make a great point
I will hold off on that purchase for a bit longer
this way I may be able to buy 2/1543 of my normal order at a lower level
gotta do that dd!
thanks much!!!
Same as EVERY OTHER RETAILER!
Point being?
How's GOED getting merchandise with US ports backed up? How is GOED shipping appliances to customers amid a severe trucking shortage? Expect transportation rates to soar as Christmas approaches.
Read the BBB complaints.
you mean fork?
GOED Next report on sales should put a stick to this pick
wow
you almost picked absolute bottom again and now it’s already up!!!!!
the newbies will be so proud! go GOED go!
oh wait …there’s really nothing there and no more stimulus to burn through to buy more impulse items …and the unemployment bonuses will have run out ……oh well
GOED Grrrrr.. lol Back in already for 3/4 at 2.75
LOL on the tab!
I'm riding free shares, and the numbers are pretty much inline with what I expected.
It will take one more quarter to see the results of the acquisition.
Appliances Connection has historically been profitable, however, only 29 days of their operations are included in results for the three and six months of 2021.
"Goedeker Announces Second Quarter 2021 Results"
https://seekingalpha.com/pr/18433432-1847-goedeker-announces-second-quarter-2021-results
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1847 Goedeker Inc.1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Through its June 2021 acquisition of Appliances Connection, Goedekers created the largest pure-play online retailer of household appliances in the US. With warehouse fulfilment centers in the Northeast and Midwest, as well as showrooms in Brooklyn, New York, and St. Louis, Missouri, Goedekers is a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. Goedekers and Appliances Connection carry many household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and also carries many major luxury appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Wolf, Jenn-Air, Viking among others and sells furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture, as well as commercial appliances for builder and business clients. Learn more at www.Goedekers.com. |
We are offering 91,111,111 units, each unit consisting of one share of our common stock, par value $0.0001 per share, and a warrant to purchase one share of common stock, in connection with our simultaneous acquisition of all of the issued and outstanding capital stock or other equity securities of 1 Stop Electronics Center, Inc., Gold Coast Appliances, Inc., Superior Deals Inc., Joe’s Appliances LLC and YF Logistics LLC (commonly known as Appliances Connection) as described in more detail in this prospectus. The warrants included within the units are exercisable immediately, have an exercise price of $2.25 per share and expire five years from the date of issuance. The shares of common stock and warrants contained in the units are immediately separable and will be issued separately.
Our common stock is listed and traded on NYSE American under the symbol “GOED.” On May 27, 2021, the last reported sale price for our common stock was $6.07 per share. The warrants have been approved for trading on NYSE American under the symbol “GOED WS” and will commence trading on May 28, 2021. In connection with this offering, we have applied for the listing of our common stock and warrants on the New York Stock Exchange, or the NYSE, however, we do not currently meet the minimum share price requirements of the NYSE and will not be able to list our common stock and warrants on the NYSE unless we meet such minimum share price and other listing requirements of the NYSE.
We are an “emerging growth company” as defined in Section 2(a) of the Securities Act of 1933, as amended, and are subject to reduced public company reporting requirements.
Investing in our securities involves risks that are described in the “Risk Factors” section beginning on page 25 of this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
Per Unit | Total | |||||
Public offering price | $ | 2.2500 | $ | 205,000,000 | ||
Underwriting discounts and commissions(1) | $ | 0.1575 | $ | 14,350,000 | ||
Proceeds, before expenses, to us | $ | 2.0925 | $ | 190,650,000 |
____________
(1) See “Underwriting” beginning on page 124 for additional information regarding underwriting compensation.
We have granted a 30-day option to the underwriters to purchase up to 2,000,000 additional shares of common stock and/or warrants to purchase up to 2,000,000 additional shares of common stock, in any combination thereof, solely to cover over-allotments, if any.
Certain of our existing stockholders and certain of our officers, directors, employees and related persons, have indicated an interest in purchasing an aggregate of approximately 2,779,600 units in this offering at the public offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters may determine to sell more, fewer or no units in this offering to these persons, and any of these persons may determine to purchase more, fewer or no units in this offering. The underwriters will receive the same underwriting discount on any units purchased by these persons as they will on any other units sold to the public in this offering.
The units will be ready for delivery on or about June 2, 2021.
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