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Yeah...gotta be..SMH.....Only ones that care about this and that...this and that are the foolish who buy and hold stinky pinkies LONG.....
Plus...I don't think anyone is listening....you know you are the ONLY one who posts on this board right?
EXCEPT!!! THE COMPANY SHORTING THIS FROM OFF SHORE ACCOUNT ALONG WITH MORE.DILLUTION. THE GUYS THAT BOUGHT THIS IN FEB AND OCT ARE GOING TO MAKE THEIR MONEY BACK REGARDLESS IF THIS POS GOES UP))
They phased out kambucha in q1. Sales were down 57% Cbd is finished.no fda approval ever. Hemp drinks were phased out in q1 as well. Their is nothing to make the sun shine. It's over suckers
AGAIN...POINT??
Still money to be made till then UNLESS you hold stinky pinkies LONG :) BIG BIG NO NO :)
GUMPED DOWN FOR YOU:
Learn how to trade :)
HOW CAN I TELL YOU ARE A NEWBIE/LACK KNOWLEDGE?
1. Typical cliche lines used.
2. Ya state charts do not lie....newsflash.....CHARTS ARE USELESS when trading stinky pinkies/OTC tickers :)
They raised $14.8 mil back in February, so that was all pissed away in 8 mos?
>> On February 20, 2019, the Company conducted a public offering of 7,733,750 shares of its common stock at $2.10 per share resulting to net proceeds to the Company of $14,867. <<
https://www.sec.gov/Archives/edgar/data/1140215/000149315219012203/form10-q.htm
The curse of the ponytail continues..
6 to 8 months a reverse to be compliant. It's sad folks think this is the bottom. It went up prior on cbd hype....that's never.comming back.....
Point? That will not/wouldn't happen for quite a while....
PLENTY OF MONEY to be made till then :)
.60 IS NOT THE BOTTOM. REED WILL BE NON COMPLIANT WITH LISTING , 4EVERSE SPLIT AND THEN ANOTHER COLLAPSE. REED WILL BE .05 CENTS PRIOR TO RS THAT IS COMMING..
Price will be the price of the stock! Lol And secondary offer will be less.....
REVERSE SPLIT WILL FOLLOW UP DILLUTION SO THEY CAN STAY COMPLIANT WITH LISTING. NO GOOD ENDING, TO THINK I ALMOST BOUGHT THIS POS!!!
REEDS JUST PUT OUT PRESS RELEASE, DILLUTION, CYA AT .05 IF YA LUV IT BUY IT THEIR....
.05 CENT STOCK LOOKIN AT YA. NO CBD FUTURE = O FUTURE. WE STILL HAVE VIRGILS SODA, THE 90 YEAR GENERATION LIKES VIRGILS. GET PRO ACTIVE, GET THE GEEZERS TO THE STORE!!! OOPS NOBODY STOCKS THE CHIT, OK ,BK
DO THE DD, FDA IS NEVER LEGALIZING CBD DRINKS!! THAT MEANS THIS POS IS .10 CENTS WALKING
>>> Reed’s Inc. Announces Management Restructuring
GlobeNewswire
9-30-19
https://ih.advfn.com/stock-market/NASDAQ/reeds-REED/stock-news/80830673/reed-s-inc-announces-management-restructuring
Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced a restructuring of its executive leadership team to accelerate its continued business transformation to an efficient and effective asset-light model. The leadership changes include the appointment of John Bello, currently Chairman of the Board of Directors, as Interim Chief Executive Officer and the appointment of Norman E. Snyder, Jr. as Reed’s Chief Operating Officer. Additionally, the Company has announced preliminary third quarter 2019 net sales.
“Today’s announcement reflects the Board’s decision to adjust our leadership team to align with the stage of our business development. The Company has executed the initial stages of its business transformation to a brand platform business model centered on Healthy Refreshment. With the divestiture of manufacturing, Reed’s will focus on building world class brands through on-trend product innovation, effective sales and powerful marketing. We have now entered a key next stage of our business transformation, where we are focused on executing the further development of our outsourced supply chain to support the anticipated growth of our core brands as we expand our sales and marketing efforts,” said John Bello, Chairman and Interim CEO of Reed’s, Inc. “As we enter this next phase in our growth, it is crucial to develop a team with the experience and skills to execute our new business model. I will leverage my beverage industry experience to provide the guidance to drive these important business activities while partnering with and building our talented team to support our expanding sales, marketing and product development efforts.”
“We have implemented an executive search to identify the most experienced leadership for this next phase of our growth and have added a seasoned operational executive to enhance our supply chain and broaden our contract manufacturing relationships. I had the distinct pleasure of working closely with Norm as we built SoBe into a powerful national brand which exceeded $275 million in sales in five years. He was responsible for building our national production, which included 17 packing facilities and leveraged high quality co-packer relationships across North America. Additionally, his CPA and financial background is an asset in enhancing margins and negotiating productive contracts and raw material sourcing. His experience, relationships and proven success at building an effective and efficient beverage supply chain position us to capitalize on our opportunities across the craft and healthy beverage industries,” continued Mr. Bello.
Mr. Snyder brings over 36 years of multi-faceted experience in operations, sales, marketing, finance, manufacturing, business development and management with public, private, international and start-up companies within the beverage industry. Most recently, Mr. Snyder served as President and Chief Executive Office for Avitae USA, LLC, an emerging premium new age beverage company that markets and sells a line of ready-to-drink caffeinated waters. Prior to Avitae, he served as the President and Chief Operating Officer for Adina For Life, Inc. a startup beverage venture that markets and sells ready-to-drink fruit beverages, teas and coffees. Mr. Snyder was also the President and Chief Executive Officer of High Falls Brewing Company, Chief Operating Officer of Rheingold Brewing Company, and Chief Financial Officer, and later Chief Operating Officer of South Beach Beverage Company, known as SoBe. In prior experience, Mr. Snyder served as Controller for National Football League Properties, Inc., and in various roles at PriceWaterhouse during an eight-year tenure. He worked with Mr. Bello both at the NFL and Adina for Life in addition to contributing to the spectacular success at SoBe.
“I’m excited to reunite with John to build on the success of iconic brands like Reeds and Virgil’s. I am honored to join the Reed’s team at such an exciting and pivotal time in the Company’s history,” said Mr. Snyder. “We have a substantial opportunity ahead of us and I look forward to helping the Company leverage its brand strengths and build the organization necessary to support such change and growth in the near and long term.”
Mr. Snyder will succeed Stefan Freeman, who has served as Reed’s Chief Operating Officer since July 2017. Mr. Freeman will continue to support Reed’s and move into a transitional operating role, working closely with Mr. Snyder to ensure a seamless executive operational transition.
“I want to thank Val Stalowir for his dedicated and tireless service over the last two years executing our transformation plan. Val repositioned the business operations and built out a strong sales and marketing organization that is poised to drive the business to its next level. As we transition into our next phase of development, change is expected, and we wish Val the best in his next endeavors,” stated Mr. Bello.
Reed’s Inc. today provided preliminary results for the third quarter of fiscal 2018. The company anticipates net sales of approximately $8.5 million, reflecting 3% to 4% core gross sales growth versus the prior year period.
“Our third quarter results reflect the short-term supply chain challenges that began at end of the second quarter and modest improvement is anticipated as we exit the year. However, we are pleased to report that we have seen improvement in fulfillment rates, have expanded our contract manufacturing relationships and are executing on our initiatives to broaden production and support our strong product innovation efforts as we enter 2020. Our enhanced operation team will further accelerate our supply chain enhancement efforts,” continued Mr. Bello.
About Reed’s, Inc.:
Established in 1989, Reed's is America's best-selling Ginger Beer brand and has been the leader and innovator in the ginger beer category for decades. Virgil's is America's best-selling independent, full line of natural craft sodas. The Reed's Inc. portfolio is sold in over 35,000 retail doors nationwide. Reed's Ginger Beers are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices. The Company uses this same handcrafted approach in its award-winning Virgil's line of great tasting, bold flavored craft sodas.
<<<
If you remove all tangible assets from a company and do not pay dividends there is little incentive as an investment. It turns the company into a cash generating entity with no reward for shareholders. Management will get all of the benefits generated through their pay. Good for them and bad for investors. Basically you end up owning the management and brand, that's all. Where is the value?
Wow, what's going on with this turkey?
Reading through the transcript from their most recent conference call, there was a strange confluence of bad events, but the way the stock has been hammered, there must be more going on. Any ideas?
Changing to a different business model, where they outsource everything to outside contractors, has some advantages. But who would have known those 3 outside contractors would all have problems at the same time? The odds of that happening were slim, but it happened.
While bad, it doesn't seem like the end of the world, but the stock is acting like the company is going under.
Fda just announced no cbd in food and drink. Cya at .25 cents. https://hempindustrydaily.com/fda-unlikely-to-grant-cbd-exception/
Just got in on REED, see big potentials here. GLTA.
David's tea, drea is a sleeping cbd giant with 242 owned company stores. 12 mill float, huge inside ownership,42 mill cash 5 times the revs of reed and it's a buck! Pay attention
The ceo of jones soda and her take on the legality of it. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148609693111
I always felt very confident in Chris Reed's mastery in creating great beverages and new flavors. Here is the latest:
The CBD beverage won the Best in Show award from VegNews.
https://twitter.com/DrinkReeds
Finally a real CBD drink. This will be sold in every Whole Foods in the United States. This is huge! Still under the radar.
CBD news! Bullish-low float play.
https://finance.yahoo.com/news/reeds-expands-craft-beverage-offering-145600716.html
Volume coming in on CBD news.
Seems really good choice of products... but they were around $5 in 2007 and fell to pennies just about 2 years or so and so far has only gotten half way back up. Only problem is that it seems to me it has taken too much time to expect it to start being profitable now...
So far $I has returned over 100% very quickly.
Reed posted a positive Q4? First in 3Q?
Perhaps a bottom is in? Still doubt it but worth watching.
Did you ever get a reply on this?
Hi everyone
I'm involved with $GIGL and I came across a document where REED might be participating in GIGL' offering this month. Though it's not signed and final, I was wondering if any REED longs had any comment on this. Have they talked about venturing into the restaurant business, etc? I noticed REED' management team has great experience growing companies. Any insight you could lend to this would be greatly appreciated. Thanks!
REED'S, INC. (Incorporated Under the Laws of the State of Delaware) SUBSCRIPTION RIGHTS CERTIFICATE Evidencing Non-Transferable Subscription Rights, Each to Purchase Units of Giggles N' Hugs, Inc.,
https://www.lawinsider.com/contracts/1cpC9taEUGI6klopmyJzr1/giggles-n-hugs-inc/1381435/2018-01-09
why o why did they upgrade the production facility and then sell
That is almost 1 year from now!
17, maybe?
WHY did Raptor/Harbor Spv LLC Purchase 2,666,667 shares, 12/27/18
WHY did Raptor/Harbor Spv LLC Purchase 2,666,667 shares on 12/27/18
anyone know WHY Raptor/Harbor Spv LLC Purchased 2,666,667 shares at $1.50 per share on 12/27/18
They finally put the facility up for sale.
https://www.bevnet.com/news/2018/reeds-inc-puts-los-angeles-facility-sale
So, are we heading up?
That's why I stock up on their beverages in my dreams.
I heard sorority girls like Reed beverages...
I recently was suggested to look into REED.
Any idea why it has fallen so much from its highs?
Chris Reed is for Reed not capitalist American shareholders.
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