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you think they put out that material 8k anytime soon
90,000,000 shares?
that’s not important enough to report?
well……….I guess if you want to make believe the market cap is low you would hold back that info
Good morning Pharaoh, SB and all other sensible traders out there.
I am alert to add today, if my level(s) are reached.
Got a good re-entry jag on Friday.
MG
any word on the material 8k?
90,000,000 converted warrants @ $2.25 but no report to the SEC?
200,000,000 outstanding, but TA no update to trading platforms?
mine only shows 103?????
Useful info for IHUB users.
https://ihwiki.advfn.com/index.php?title=Handbook
GOED Back in for a 20% position.
Have a great weekend, all!
MG
who is
taking this trash home for the weekend???
8k anyone anyone??
Have you ever read the IHUB tos? Many of your posts are violative and will be deleted. .
BAGHOLDER ALERT!
this may be your last chance to get out and secure losses before it gets worse!
numbers are manipulated to make you believe they are doing better than actual numbers
and where is that material 8k to show 90,000,000 shares?
This stock won't be trading less than $5-$6 around next ER IMO. It is too strong to be traded this low. Soon, we should hear about new facilities and addressing the backlog issues. Ground floor entry for a great company.
$3.54...
Glad a few came along for the ride!
I have HUGE gains, and I don't think the ride is over yet here at all!
Taking profits is the name of the game! Congrats!
GOED I see the theme is negativity so I hope it won't upset too much to say I've closed out a very nice profit.
We are here primarily here to make money, right?
But please continue with the assailing. It's very interesting DD.
Just don't forget to make money!
I fully intend to scoup a bunch of GOED shares again soon!
Thanks again, SB. Nice alert!
MG
I do not disagree!
But my expectations from a $3 stock are much different than the much larger companies where we both primarily invest...
So a robber who announces, "This is a stickup" is being 'transparent?' Nice!
E B I T D A = Earnings Before Interest, Taxes, Depreciation, and Amortization.
Interest and Taxes are real costs. Many Assets actually depreciate. At some point those things matter.
Later....
you mean they are using the
“we can say this and say that, but if it doesn’t happen, we were allowed to say it.”
or 24 paragraphs down where no one reads
put the “maybe” numbers at the top and then on page 2 ……well if this were to happen
any WORD on the material 8k?
So they were totally transparent and disclosed it fully...
That's a good thing coming from an OTC company, no?
May not concern YOU, but whomever writes their_PRs is concerned enough to add 6 paragraphs on the subject of "Non-GAAP Financial Measure."
https://www.businesswire.com/news/home/20201026005868/en/1847-Goedeker-Inc.-Announces-Definitive-Agreement-for-the-Acquisition-of-100-Ownership-in-Appliances-Connection-a-Leading-Online-Retailer-of-Household-Appliances-with-Projected-2020-Revenue-of-300M
EBITDA is used by many many very legit companies... it does not concern me.
https://www.investopedia.com/terms/e/ebitda.asp
In an era of supply shortages of major appliances... use of written orders is understandable and certainly not a RED flag for me...
While yes, a consumer could still cancel an order, but I doubt many people want to get out of queue!
As a serial scam exposer... I simply don't see anything here.
I see GOED as an adequately funded and debt-free "startup" company in a competitive area!
The market and management's ability to execute will dictate GOED's future valuation...
Looking like another Green Day loading here $$$$$$$$ this will go way higher Mark it
"written orders" Using that is a red flag. Stick to GAAP terminology such as revenue or profits.
Notice the use of EBITDA, the favorite of the Enron era/Arthur Andersen years.
I guess not today
one day fake gap up because of trick numbers
gaps generally get filled - look out below - can it come back?
written orders vs actual orders blah blah blah
- amazing how those % differ
any word on that 90,000,000 share get rich quick warrant conversion material 8k?
any word on the material 8k about the 90,000,000 warrant share conversion @ $2.25 that is already in the not reported outstanding share total of almost 200,000,000 as per the poster here ?
over $600,000,000 market cap ….wow
Way undervalued
so let me get this straight
they just announced may numbers which were “up” 42% year over year but they took over a company that was MUCH larger than them
so let’s just use 50/50 thinking (even though the number skews higher) - wouldn’t sales be up A LOT more with the combined companies????
and wasn’t last MAY torture for the economy?
- up that % amount AMOUNTS to down on my books
-and that’s % talk not $talk
my opinion: sell
and where the heck is that 8k?
crickets, huh?
that’s normal when non public information swirls around these types of stocks
so according to the poster here there are now close to 200,000,000 shares outstanding of GOED @ $3.05 area
= over $600,000,000 market cap
for a company that resells in the e-commerce space………and does not have the revenues to substantiate - let’s not get into net right now
I would say the stock is a little pricey here, but hey, what do I know? just guessing, as always
LOLOL! Strong background in the prestigious pawnshop "Industry."
Robert D. Barry CFO
"Mr. Barry has served as our Chief Financial Officer since our inception and as a director from inception until April 2020. He has served on the board of directors of 1847 Holdings since January 2014 and has served as Controller of 1847 Holdings’ subsidiary Neese, Inc., since July 2017. From April 2013 until August 2016, Mr. Barry was Chief Executive Officer and Chief Financial Officer of Pawn Plus Inc., a chain of five retail pawn stores in suburban Philadelphia and one pawn store in northeastern Ohio.
Prior to that, Mr. Barry served as Executive Vice President and Chief Financial Officer of Regional Management Corp. (NYSE:RM), a consumer loan company based in Greenville, South Carolina, from March 2007 to January 2013. Prior to joining Regional Management Corp., Mr. Barry was the Managing Member of AccessOne Mortgage Company, LLC in Raleigh, North Carolina, from 1997 to 2007. During this time, he also served as part-time Chief Financial Officer for Patriot State Bank, in Fuquay-Varina, North Carolina, from March 2006 to March 2007 and Nuestro Banco, Raleigh, North Carolina, from July 2006 to March 2007.
Prior to his time at AccessOne, Mr. Barry was Executive Vice President and Chief Financial Officer for Regional Acceptance Corporation (NASDAQ:REGA), a consumer finance company based in Greenville, North Carolina and prior to that he was a financial institutions partner in the Raleigh, North Carolina office of KPMG LLP. Mr. Barry is a Certified Public Accountant licensed in North Carolina and Georgia."
"Robert D. Barry received an undergraduate degree from the University of Delaware"
do you think the TA will update the GOED SS to show 200 million outstanding?
that’s not “public” yet? I don’t see it on my trading platform
how do you know all warrants have been converted?
has that been announced somewhere?
They were all unrestricted warrants... most likely hit the market already with the volume that we saw since the offering was completed!
They are/were the only thing holding the ascent up at this point, IMO!
This is all well known public info...
Any info not already factored in? Nope!
GOED is a garbage stock
90 million more discounted shares hitting and about to hit the market
all IMO
I did not write that... It is cut and paste from their last PR.
If it is verifiably incorrect, I would be happy to remove it...
i’ll have to correct you there
GOED is purely a play on $2.25 warrant converting and churning
- let me do some guzzintas hmmmmmmmm
———- $3.15-$2.25 x 90 million = holy $&@?
I guess pricing the warrants above the offering price would have not been attractive enough for the already ridiculous offering well below the market at the time
what does that mean?
You need to correct an error in the IBOX when you state "Goedekers created the largest pure-play online retailer of household appliances in the US." In other places you correctly state that Goedekers sells appliance AND furniture. You also mention plumbing and fitness equipment.
GOED doesn't seem to be a "pure play" on anything.
anyone know where to get a TA update on GOED?
my trading platform shows a little over 100MM outstanding, but I feel like that not correct.
I think it is more
Thank you in advance
91 million warrants to churn 91 million to churn
you sell 1 million you sell a million later 89 million warrants to churn
89 million warrants to churn 89 million to churn
holy cow investors getting taken for a ride
first the run up to the collapse
offering how many % below the market?
and a “kicker” warrant -
can’t make this stuff up
Yep, red flag. 91 million warrants at $2.25! When GOED was slapped together no one was looking out for common stockholders down the road.
Still waiting for someone to explain GOED's advantage, or moat, over the many current online appliance sellers, some of which are financial powerhouses and trusted brands.
---
As for revenue projections, those are almost always overstated. Where are they going to get merchandise with almost everything in short supply these days? The stated balance sheet inventory is quite low. Even employees are almost unobtainable now. Problems are almost certain to arise.
91 million warrants
The warrants included within the units are exercisable immediately, have an exercise price of $2.25 per share
that’s some nice bank!
anyone know the true current outstanding?
if they all get exercised it will be around 200,000,000 shares
looks like no follow through on the attempt to make people back a few dollars from their crushing losses
what’s another “haircut” to the stock anyway?
it’s like getting something great at a DISCOUNT & not FULL price
I mean who pays retail anymore?
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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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