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Between EFSH and GOED, financial engineering abounds, spread over umpteen pages of filings. I take that complexity as a huge red flag. It's not surprising that many who plunged in early have suffered. And GOED is dropping faster than ever, while the S&P is near record highs.
Notice that many pumpers on Yahoo and Stocktwits are likely foreigners. One clue is when they put the dollar sign after the number, rather than in front (i.e. 100$).
I hope that’s not the case here
I saw that happen on another stinky pinky and let’s face it $GOED is barely a “step above” that level with the 45 day earnings releases and soap opera stories
i don’t think it’s just about those poor innocent broke $GOED newbies anymore!
Likely many EFSH shareholders never got their GOED shares due to special ex div rules on large dividends. They actually lost flipping their "sure fire" strategy as both EFSH and GOED have plummeted.
See:
"https://en.wikipedia.org/wiki/Special_dividend
https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates
Meanwhile, GOED is wildly pumped with news of Appliances Connection acquisition:
"GOED ASK THIN TO $120. COULD DO SOME CRAZY NUMBERS."
"acquisition, this [GOED] is a 35 dollar stock now"
that’s called
keep your shell and eat it too
-well played
golf clap
those poor broke innocent $GOED newbies!
https://www.asiensappliance.com/
Santa Rosa
1801 Piner Road
Santa Rosa, CA 95403
Reviews
https://www.yelp.com/biz/asiens-appliance-santa-rosa
1847 Holdings LLC (EFSH)
FUNGIBLE bahahahahahahahahaha
those poor innocent $GOED newbies!
"What am I being asked to vote on?
"• Proposal No. 3 — the approval of an amendment of our amended and restated certificate of incorporation to increase the number of shares of common stock that we are authorized to issue from 200,000,000 shares to 250,000,000 shares (the “Charter Amendment”); and
• Proposal No. 4 — the approval of an amendment of our 2020 Equity Incentive Plan (the “2020 Plan”) to increase the number of shares of common stock available for issuance under the 2020 Plan from 1,000,000 shares to 11,000,000 shares and eliminate the fungible share counting provision contained in such plan (the “Plan Amendment”)."
https://www.sec.gov/Archives/edgar/data/1810140/000121390021060499/def14a1121_1847goedeker.htm
"Can I attend the Annual Meeting in person?
We will be hosting the Annual Meeting via live webcast on the Internet. You will NOT be able to attend the meeting in person. Any stockholder can listen to the Annual Meeting live via the Internet at www.cesonlineservices.com/goed21_vm. The webcast will start at 11:00 a.m. Eastern Time on December 21, 2021. To participate in the Annual Meeting, you must pre-register at www.cesonlineservices.com/goed21_vm by 11:00 a.m. Eastern Time on Monday, December 20, 2021. Stockholders may vote and submit questions while connected to the Annual Meeting on the Internet."
https://www.sec.gov/Archives/edgar/data/1810140/000121390021060499/def14a1121_1847goedeker.htm
this company is
half way thru q4 …… no guidance?
- guess wait until Christmas week shareholder meeting? hahahahaha
-or even better the end of MARCH when they have to “timely” report an AUDITED K
-the one where the $100MM+ GOODWILL “finds” a home - or a “footnote”
hoooooohooooohahahahahahaha
those poor broke innocent $GOED newbies!
if anyone
got the license plate of the truck that ran this stock over
maybe someone can locate them
and do some deliveries for $GOED
oh those poor broke innocent $GOED newbies!
let’s look on the bright side
for at least the next 36 hours $GOED will not trade on the market lower than it is now
oh those poor broke innocent $GOED newbies!
I bought some more today. I see little risk here since we are basically at the warrant price!
waiting to start reading those
“i’m not worried”
it’s only down close to another 20% THIS WEEK!
oh those poor suffering broke innocent $GOED newbies!
sorry meant to say
FRIDAY AFTERNOON SMACKDOWN!
oh those poor broke innocent $GOED newbies!
buying more? loading up? back up the truck?
hooooooohooooooohahahahahaha
FRIDAY NIGHT SMACKDOWN!
oh boy let’s see which one of those big $GOED retail buying whales gonna hold this over the weekend
those poor broke innocent $GOED newbies!
that’s the box makers
no retail
those poor innocent broke $GOED newbies!
that’s so silly
nobody is putting in big buys for $GOED
smoke and mirrors and another red candle
those poor innocent broke $GOED newbies!
I am not concerned about how "everyone" is doing in GOED... just me.
I am sitting on free shares and am considering putting in a huge buy here.
Waaaaay too much dry powder in my OTC trading account!
Yes, we see how everyone's doing with Goedekers.
LOLOLOLOL!
Of course. I should have said pink, penny, or sub-$5 stocks...
GOED isn't pink.
90+% of my money invested in stocks is in blue chip dividend payers and established growth tech companies.
I definitely up my overall returns by buying and holding (often for 5+ years) pink companies with actual potential... providing they remain that way!
GOED is one such long term play, and I see potential.
Meanwhile the S&P 500 is 0.3% below record high. This year has been all about mega-caps. There really is virtually no enduring constituency for a ~$2 AMEX penny stock like GOED.
A reverse split might help.
I would suspect the $2.25 range is the bottom because it is the warrant price.
Should be a safe buy here...
No one should ever buy shares based on internet opinions. Do your own DD!
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!
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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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