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I know the
“rebranding” is gonna be so YUGE for $GOED
I came up with some names to help (in no particular order):
.1847 GOED
FALL-MART
TARGET SHMARGET
WORST BUY
WHERE’S CRAZY EDDIE?
TEARS
oh those poor innocent broke $GOED newbies!
how are they
gonna churn out this truckload of shares that they are buying to support this?
what’s the possible news? and when?
oh yeah during the holiday week when no one is watching and 50 million more shares coming to a place near you
hahahahahahoooooooohooooohaha
those poor innocent broke $GOED newbies!
my
back is starting to hurt watching this fake $GOED support
(whattya call that simultaneous combustion?)
those poor innocent broke $GOED newbies!
and ….
they need the stock to go up to get money from a warrant conversion
this market stays red like this and look out below
i think another 1/3 haircut down to $1.60 prices this somewhat correctly ** (and of course hoping that no more dilution or other shanananigans happen)
terrible legacy!!!!!
those poor innocent broke $GOED newbies!
all in my opinion, of course
The hoopla has died down, and traders now realize Kanen may still have 2 million shares to sell. Plus Kanen understands GOED's liquidity is evaporating, along with the stock price. He'll want to exit ASAP.
There's not going to be much enduring interest in this microcap.
oh boy
not looking good big stores profit margins down how can an unknown get market share?
oh those poor broke innocent $GOED newbies!
hope they listened to those suggestions to new traders to go slow, play small to conserve money on this one. YIKES!
another red candle
stabilizing $GOED @$2.40 looking harder and harder
nothing to report to actually keep it here besides the “we can’t let it go below the crippling offering price from less than 6 months ago.
maybe they’ll pay their back sales taxes
and the suppliers
and the credit facility
I know one thing for sure - they will pay that rent!
and that won’t be used again to buy “open” market stock
hoooooohahahahahaha
those poor broke innocent $GOED newbies!
OK. I've been reading the conference call transcript and the actual 10-Q from the SEC website. For the time being, GOED's financial position seems reasonably sound. I'll read everything again when I get time and focus especially on the footnotes and small print.
One thing to note is the Q covered the period ending Sept 30. The port problems are worse lately from what I've been reading.
--
I'm guessing Kanen is continuing to unload -- probably 100% unload -- his GOED position.
down goes frazier down goes frazier
$GOED needs to clean up that balance sheet and pay their obligations
how are they gonna get materials if they owe the suppliers - and now with shipping costs and container gouging…..oh my!
don’t get me started on the sales tax that is not their money
those poor innocent broke $GOED newbies!
GOED you left off the vital part where he said, "but nothing dilutive". You left that output you got the crackling phone line right.
MG
GOED The essence of communication is the conveyance of thoughts. If you understood what GOED was imparting here, then it was a successful transmission.
MG
it’s in the Q
https://www.otcmarkets.com/filing/html?id=15352543&guid=FE3wkFYv2ulGdth
NOTE 8—ACCOUNTS PAYABLE AND ACCRUED EXPENSES
The following is schedule of accounts payable and accrued expenses at September 30, 2021 and December 31, 2020 (in thousands):
September 30,
2021 December 31,
2020
Trade accounts payable $ 37,845 $ 5,975
Sales tax 23,836 5,804
Accrued payroll liabilities 1,527 493
Accrued interest 210 10
Accrued liability for sales returns 200 200
Other accrued liabilities 4,395 220
Total accounts payable and accrued expenses $ 68,013 $ 12,702
oh those poor innocent broke $GOED newbies!
- the company may just have less money than ..
"Liquidity and Capital Resources
As of September 30, 2021, we had cash and cash equivalents of $27.2 million and restricted cash of $8.0 million. We have relied on cash on hand, external bank lines of credit, proceeds from our public offerings described below, issuance of third party and related party debt and the issuance of notes to support cashflow from operations."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1810140/000121390021058967/f10q0921_1847goedekerinc.htm
Kanen filed a report showing they've been dumping their GOED stock since Oct 26 and now own less than 5% of the company.
https://www.sec.gov/Archives/edgar/data/1688522/000092189521002697/sc13da811527014_11162021.htm
Can you provide a link to those numbers suggesting to you that they might be in arrears?
What happened to the cash? I presume a large part of it was used to buy Appliances Connections.
wow! ..
$GOED owes over $60 MILLION in trade obligations and sales tax at the end of september?
at $140 Million for the quarter at 8% is $11 million so they’re backed up that PLUS around $15 MILLION in SALES TAX arrears payments????? where’s that money coming from? and more importantly why hasn’t it been paid?
please someone correct me on this - this is insane!
something
doesn’t smell right on $GOED balance sheet
-they only have $20 something million in cash and raised all that money and maxed out a huge credit facility?
-that much GOODWILL —— that’s to offset the imbalance of liabilities. 100+ million?
- they owed $25 milllion in sales tax at end of september? how does that number get that high big companies pay monthly and that’s not their money????
- looks like they owe some “trade invoices” wow!
oh those poor broke innocent $GOED newbies!
soap opera or dope-rah
I think As the world churns is back on, too!
-you can’t make these $GOED storylines any better!!!
tomorrow tomorrow you’re always a daaaaaaaaaaaay a waaaaaaaaay
oh those poor broke innocent $GOED newbies!
oh no!
that’s one of the worst charts I have ever seen!
those poor innocent broke $GOED newbies!
pumpers ..
fought that tape hard at the end of the day to keep that red candle smaller!
oh those poor broke innocent $GOED newbies!
I'm a retired lawyer and business owner. Bought my first stock when I was age 19, decades ago. My one son is a CPA for a major firm. For a number of reasons GOED doesn't come close to meeting my high standards for an investment. One of my hobbies is reading academic research on personal finance and investing.
My bio: https://investorshub.advfn.com/boards/profilea.aspx?user=42712
I don’t
doubt this company in the future but the soap opera was the first sign to get out
legacy on $GOED was not good and the offering was the kick to the face
there’s 50 more million shares coming probably at the very least
and with the logistics and timing
and the now that happened stuff
I would wait on the sidelines as I have been saying
all IMO, of course
I could have written that!
1991 in my case...
I don't see GOED in the same camp... even if there is a full-court pump by noobs on Stocktwits!
"Poor broke" isn't the worst of it. I've been on internet stock boards since the 1990s. There have been plenty of BKs, many divorces and a few suicides. Similar to other types of gambling.
"Playing" penny stocks like GOED carries real risks. It's getting worse with the "gamification" of investing.
I don't PLAY stocks. I investment sensibly in quality businesses.
45 short days remain ….
stop watching:
DOPE-RAH
YOU GET A TAX WRITE-OFF & YOU GET A TAX WRITE-OFF & YOU GET A TAX WRITE-OFF
those poor innocent broke $GOED newbies!
That actually was funny.
Oh…
Pump the magic dragon lived by the sea
And frolicked in the autumn mist in a land called stinky pinkee
Pump the magic dragon lived by the sea
And frolicked in the autumn mist in a land called stinky pinkee
A dragon lives forever, but not so innocent newbies
Painted wings and giant's rings make way for other baggies
One gray night it happened, pumpy came no more
And Pump, that mighty dragon, he ceased his fearless roar
His head was bent in sorrow, green scales fell like rain
Pump no longer went to play along the $GOED lane
Without his lifelong friend, Pump could not be brave
So Pump that mighty dragon, sadly slipped into his cave
Oh, Pump the magic dragon lived by the sea ….. EVERYONE pump the magic…
I think
the knife sharpener truck just came down my block
oh those poor innocent broke $GOED newbies!
hoooooohooooohahaha ..
I just read the one where they will be “trading” $GOED for the next 20 years
haaaaaaaaaaaaaaa
those poor broke innocent $GOED newbies!
those ..
$GOED warrant baggies (not the ones from the crippling offering)
what an arbitrage with that ridiculous “intrinsic value” hahahahaha
Jeesh, Stocktwit flippers are now really pizzed at GOED.
https://stocktwits.com/symbol/GOED
are they
gonna break the $GOED “peg” at $2.40?
can’t imagine what’s will happen if the overall market turns down, too
those poor broke innocent $GOED newbies!
bahahahahahahahahahaha ..
those darn “technical instant messenger difficulties”
oh those even mostest brokest poorest yet innocent $GOED newbies!
Reverse stock split discussed here...
"Stephen Branstetter
35:28 Gentlemen, would your company consider doing a reverse stock split to get the stock price higher this way more institutions would be interested in buying this stock, a lot of institutions don't want to buy stocks below three dollars and you discussed about cleaning up the market cap with the warrants. If you did like a five to one or a ten to one reverse split, there'd be many more institutions. How do you -- put any thoughts that? Ci.
Ellery Roberts
35:56 Yeah. Sure It's our – Albert, I think I'd like to take our first crack of this call and then return to Albert. We're absolutely evaluating all options to address any concerns or take advantage of any possible means of solidifying an institutional shareholder base that would be more reflective of what we think our business should be from a market capitalization standpoint. So, in terms of investors who need a certain share price or certain market capitalization that's in the back front line, but as Albert outlined earlier on the call, we have [Technical Difficulty] to your point, we're seeking ways we think a critically managed [Technical Difficulty] I guess pretty mature that being said [Technical Difficulty] I that we think there opportunities out there. But right now, we're taking this pause to reflect on the [Technical Difficulty] growth towards in the, but all options that be achievable. We're working with advisors. [Technical Difficulty]..."
https://seekingalpha.com/article/4469510-1847-goedeker-inc-goed-ceo-douglas-moore-on-q3-2021-results-earnings-call-transcript
haaaaaa ..
do they serve breakfast all day every day too in their pure play?
i’m sorry I meant 24/7 hooooohoooohahahaha
oh those most brokest most poorest innocent $GOED newbies!
Proforma this. Adjusted that. And even Adjusted proforma_EBITDA.
"The Company recognizes that these non-GAAP financial measures have limitations, including that they may be calculated differently by other companies or may be used under different circumstances or for different purposes,..."
Does Goedekers even proofread their sloppy press pieces?
"Goedeker created one of the largest pure-play online retailers of household appliances in the United States."
""We also sell furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture,"
https://finance.yahoo.com/news/1847-goedeker-inc-announces-third-120000737.html
well ..
big red candles
usually need a few sessions to react if they ever recover
so nothing anyone on a chat board says will do anything for $GOED
it’s in the company’s hands now
those even more poorer even more broker innocent $GOED newbies!
That's how I know whether GOED's a "head_fake" or a "value trap." LOLOLOL!
haaaaaaaaaaaaaa ..
you know who has been rattling off over there, right?
oh no - those poor innocent even more broker $GOED newbies!
StockTwits is not worth reading...
Repost: "The slobbering "mob" of GOED pumpers on Stocktwits are so desperate. But it's more likely -- three or four shills with multiple aliases... echoing identical inanities. Bellowing about "tutes" and 13-f filings. It's right out of 1999."
https://stocktwits.com/symbol/GOED
we are at that phase
of the pump and dump where everyone is asking what can you possibly tell me that would make me want to …..
ohhhhhh those poor broke innocent $GOED newbies!
great! ..
right in line with my point (but they have all of those coulda woulda shoulda) so maybe not 50 to the bottom line, but but but
so nothing to see here until …….
those poor innocent broke $GOED newbies!
GOED Uniplan Investment Counsel Inc.,has filed Form 13F for Q3 2021. Opened NEW positions in GOED.
https://uniplanic.com/alternative-thinking/books/
From the PR:
Goedeker Investor Relations
IR@goedekers.com
Greg Marose / Ashley Areopagita
ir@goedekers.com
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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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