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Hurricane Larry meandering in the Atlantic
GOED investors salavating for more devastation!
as if Hurricane Ida wasn’t enough …..more more more
mods mods hello hello hello hello hello mods mods hello hello hello
although I do agree anyone that wishes death so they can gain sales is ….well ….
Hurricane IDA death toll rises as it nears 100 over the 1500 miles of devastation
Happy GOED investors dancing on graves!
the damage is just the “price” of doing business!!
oh wait no … those people weren’t doing business they were minding their own business
but don’t worry about them ……higher margins !!!!!!
who needs a 4 burner stove when you can have 6!
goooooooo GOED!!!!!
BLOOD MONEY UPDATE
Hurricane IDA death toll rises. Happy GOED investors dancing on graves!
the damage is just the “price” of doing business!!
oh wait no … those people weren’t doing business they were minding their own business
but don’t worry about them.
goooooooo GOED!!!!!
BLOOD MONEY UPDATE
Hurricane IDA death toll rises. Happy GOED investors dancing on graves!
GOED ANOTHER nice day!!
Will we get tired of winning, like some with buyer's regret now did with fmr. President Trump?
I looked at my GOED position at lunch, saw the continued nice rise in the PPS and exclaimed, " winner, winner, chicken dinner!"
I upgraded from the chicken sandwich to the entire chicken for lunch. Threw away the skin and the breading.
I believe we have a winner.
Added today.
MG
BLOOD MONEY UPDATE
more collateral damage from Hurricane Ida
someone just got shot and killed at gas station in Louisiana cutting the line for fuel shortage
10 dead in Louisiana alone
over 60 people dead so far in New York, New Jersey Pennsylvania,Connecticut, Louisiana and the other states over the 1500 miles of devastation, but it’s okay because we are being informed that Hurricane Ida is a good thing because FEMA and insurance companies will be writing checks to buy much needed new appliances from GOED!! and we were also told MARGINS WILL GROW THIS PERIOD TOO! Insurance companies pay sticker price BABY!!!!!!!! GET THOSE TOP OF THE LINE APPLIANCES! wooooohooooo!
I wouldn’t use that as the guideline
even though it’s probably the only true thing that ….
jim and tammy faye bakker would say anything to get people to join
GOED Flood Update
Due to the extended reach of the Hurricane IDA reported by pzot, it is fair to say people will be replacing an inordinate number of appliances in the immediate period. This should be a tremendous boost to GOED's revenues. Furthermore, since in-surance companies will be footing the bills, people will be ordering the best models. That means higher profit sales.
Expect GOED to book record sales and profits this quarter and beyond.
I feel very optimistic about my substantial investment in GOED.
MG
Looks like a great quarter on deck!
BLOOD MONEY UPDATE
over 50 people dead so far in New York, New Jersey Pennsylvania,Connecticut and the other states over the 1500 miles of devastation, but it’s okay because we are being informed that Hurricane Ida is a good thing because FEMA and insurance companies will be writing checks to buy much needed new appliances from GOED!! and we were also told MARGINS WILL GROW THIS PERIOD TOO! Insurance companies pay sticker price BABY!!!!!!!! woohoooooooo!
4.5/5 star reviews... sweet!
Nuttin' but supply chain issues!
Scroll Down To Read Recent Reviews, under new structure. Terrible.
https://www.sitejabber.com/reviews/goedekers.com
Yup supply issues worldwide!
A rational consumer would realize that one can't blame GOED when manufacturers don't deliver!
However, no one every said that the current instant gratification generation was rational!
Goedeker BBB Reviews Remain Terrible.
https://www.bbb.org/us/mo/ballwin/profile/major-appliance-dealers/goedekers-0734-110208035
GOED Margins very likely to rise in this environment.
Get GOED!
Have a wonderful long weekend, all!
MG
Have a link to where anyone ever suggested that deaths were a good thing here?
NOPE!
Because no one did!
Did they?
BLOOD MONEY UPDATE
death toll closing in on 50
https://apnews.com/article/northeast-us-new-york-new-jersey-weather-60327279197e14b9d17632ea0818f51c
That is conflating 2 unrelated things...
Being happy that more appliances will be ordered to replace the damaged ones in no way suggests that one is happy that 23 people died...
Just silly!
BLOOD MONEY!
23 people dead so far in New York and New Jersey (not to mention the other areas over the 1500 miles of devastation), but it’s okay because we are being informed that its a good thing because FEMA and insurance companies will be writing checks to buy much needed new appliances from GOED!!
Wow, a huge insurance settlement for obsolete inventory!
Flooding? Appliances Connection
"...Appliances Connection is one of the leading retailers of household appliances with a 200,000 square foot warehouse in Hamilton, NJ and a 23,000 square foot showroom in Brooklyn, New York. Appliances Connection carries many household name brands"
Strange...
GOED investors making money here!
That is bad, how?
If a hurricane makes people need new appliances, how is that "blood money" again?
Oh right... it isn't...
more BLOOD MONEY coming !!!!
Hurricane Ida not stopping people dying in New Jersey and New York is partially under water
$3.23...
Looks like money is being made here!
maybe
GOED can get some pre-orders from the people in this devastated area
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
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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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