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Wrong Larry Johnson... lol
Closing in on 10m volume, still 6x5 7vs8. Need some buying pressure!
6x5 .0007vs.0008... about 5.2m in volume so far, primarily buys. 8s are going to be tough to crack but once we do, it should move north easy.
6x5 .0007vs.0008... gotta crack those 8s and then it's off to the races...
PR! Now 5x5 .0007 vs .0008... time to SLAP THE ASK and crack that 8 resistance!!
2x4, .0007vs.0008
Added another MM at 6... now 6x1. Strong at 6... should hold.
Now 5x1, 0.0006 vs .0007
Huge amount of selling just happened... took out 3 MMs that were parked at 7. Currently 1 x 6...
Are we headed for a downtick?
Haha... the board went from being wild to no posts in 10 minutes. Got worried for a minute that maybe our tea was poisoned ! :x
Is there anybody out there?
Not enough volume to knock 'em out
L2 thinning... 4x2 (.0006 vs .0007).
~ 10M buys would knock 'em out
NITE looks parked at .0008, PR volume should be able to push him back though.
4x3, .0006 vs .0007
A rush of volume will send this thing sky high, not a lot of tech. resistance..
Is today the day?? Let's get this thing moving!
What is 1MTP
Nice work. What kind of volume brings us to .0035?
It is. No chance of dilution though, not on that kind of volume...
Email re: rumored delay
no delay on tea dist.atomicdogg produced after holiday! thanks.
-----Original Message-----
From: Andrew Xxx <xxx>
To: ishmail229 <ishmail229@aol.com>
Sent: Fri, Aug 27, 2010 9:21 am
Subject: Distribution
Mr. Ross,
There is a rumor flying around that distribution has been delayed. Can you
confirm/deny?
Thanks,
Andrew
Shareholder
Sent from my iPad
love this stock--I think I'll love it a lot more at EOD...just a feeling.
Oh, the dangers of bringing up comparisons like that. I'm obviously very bullish on HFBG and don't mean to bring up those... other guys haha
THE BOTTOM LINE
- We have a good amount of inventory on hand, and more being produced in the immediate future.. enough that, once the product hits shelves, we've got our next production runs financed IN HOUSE.
- We are profitable and have healthy profit margins on our products. Currently 63.2% (based on the last quarterly that stated $10,529 in sales, $3,964 in cost of goods sold and a gross profit margin of $6,656). If you apply that to the 290k inventory we have on hand, we'll be turning that $290k into $473,280. Even better news: as we produce more and more, production cost is likely to decrease per unit... our margins will only get better with time.
- The OS is significantly lower than expected. Some thought it was maxed out (4.7B), and others guessed 3.3B on the low end. It beat the low-end estimates by 18%. A 2.7B OS is great news for us--we own a bigger piece of the pie than we thought.
- ALSO RE: the OS, some posters floated the idea that the company could have increased the OS between 6/30 (the end of the fin. period for which we just got our quarterly) and 7/12 (when they PR'd no further increase), but the stock price increased over that time period on good volume. Google Chart
- We have an outstanding group in management, legitimate companies working on distribution, etc. I have talked with representatives at Elmira, our east coast distributor, who indicated that he was excited and ready to rock and roll.
Basically, things are going GREAT here. The next week or two between the sharp quarterly statement we got on Friday and the fact that product will be on shelves ANY DAY NOW are going to be very exciting for the shareholders here.
I'm looking forward to taking this ride with all of you... good luck to all.
I bought them at the Walgreens in Southbury, CT in the "As Seen on TV" section. This was last summer when things were still... operational for them haha. They also had a bunch of old product in their former packaging at some Ocean State Job Lots in the area.
My point is that you don't ever really know with these companies. I believe in my heart of hearts that HFBG is legit and we won't run into any of the problems we saw with Sponge****, but you never know... they had product on shelves too.
They had product on shelves in Walgreens and CVS...
Yes, there is revenue listed from dilution, but there is also a separate section for revenue from operating activity. That's where we're calculating things like expected gross profit margin on the inventory they have on hand from, etc.
EXPECTED PROFIT OFF OF $290k INVENTORY
If we had $10,529 in gross sales, less $3964 in COGS, and a gross profit margin of $6,656... our profit margin is 63.2%
On an (assumed finished) inventory of $290,000, we're looking at turning that $290k in inventory into $473,280 in cash.
Sounds good (and reasonable) to me.
Actually, between June 30th (when the 2.7 count was official) and when they PR'd no further increase in the OS (7/12), the stock price rose.
Google Chart
So I think it's safe to say that the OS count in the quarterly is accurate.
The quarterly report rocked. Everybody enjoy your weekend and get ready to get out of triple-zero land next week... between this and our products hitting shelves possibly... we're fueled and ready for takeoff.
Do you think that $290k of inventory was raw material at that point? Or finished product?
And how did you calculate that number?
Not doubting you, just looking for more details... very exciting stuff.
The quarterly paints a pretty nice picture for us shareholders. There are people out there who are into forensic accounting and can really read between the lines--I'm not one, but I can give you my take on what this filing tells us.
These are the key take-aways:
- Very excited that the o/s is only 2.7m... that is lower than most estimates that I've heard on these boards.
- Some might question why Ross is listed as the Director, CEO and CFO--remember that this statement is for the period ending 6/30, and the new mgmt was PR'd 7/29.
- The big number here for us: $290,000 in inventory on hand. The question: is this "finished"/estimated value of "finished" inventory? Ingredients? Regardless, it's significantly higher than expected. Inventory turns into revenue (or so we hope), so this number being higher than expected bodes very well for us.
- Cash at the end of the quarter was $241,027, which is enough for the company to stay afloat, market, etc. this first run of production. This confirms the PRs that claim no need for further share issuance and that they are "fully funded." Once revenues start rolling in from this first run, we'll see the company start making more and more frequent production runs...
Sorry about the delay, guys.
This afternoon I gave Elmira a call to try and do some digging. I live about four hours away from their warehouse, so I've been thinking about taking a trip out there next week with a friend of mine who also holds a decent amount of shares, but I wanted to first confirm that this place was real, operational, etc.
I called, dialed 0 for the operator and explained that I was a shareholder in a company that mentioned their company in a recent PR and that I had a few questions for someone who was familiar with the deal or had been working with Hall of Fame. I got bounced around a little bit, but finally reached someone who told me the following:
- Confirmation that HFBG was working with Elmira -- "very excited about it."
- Has not received shipment yet, but expects it at the beginning of the week.
- Could not confirm order size "without Hall of Fame's permission," I asked if it was an order of cases that was over five figures and he said I was "in the right ballpark." (10k+ cases!)
- He said there are two different distributors--one in the east and one in the west. He didn't know the name of the west coast distributor. From the PR, it sounds like they will be shipping to stores direct from Florida to the west coast... who knows.
- Primary focus would be in supermarkets and grocery stores (focus on mid-size regionals), with excess inventory going to Sam's and BJ's. Distribution timetable: 2-3 weeks. Elmira does not actively work with 7-11, gas stations or convenience stores--he thinks that is the approach on the west coast but not in Elmira.
- "Standard" type of distribution deal from a business aspect--he wouldn't share specifics, but said that a 35-50% discount on the retail price is generally what the company would sell to him for.
I left my name and number and he said he would check with HFBG about some of the questions I asked that he didn't feel comfortable answering--he also said he would call when product has arrived so that I can swing by.
Quick numbers: if you've got 24 bottles in a case, at approximately $1 each, over 10k cases, it sounds like we are looking at a quarter-million dollar order (at least) for this first batch of Sweet Tea!
I realize a lot of these details are general, but just the fact that they were able to confirm the partnership and talk about how excited they were to be working with Hall of Fame made me excited... I've picked up more shares. Anyone who is selling at this level really doesn't get it and will regret it when product is on shelves and we're out of "triple zero" land.
Boys and girls, I called Elmira this afternoon and got some answers (and non answers) to some big questions. I'm on the road right now on my way home, I'll post the details when I'm home.
BUT this is very real. We have a bigtime winner here.
I agree--I don't think this is a scam at all. Too many good reputable people in on this. I'm just drawing a comparison between SPNG and HFBG's strategy--it's a great strategy. Glad that HFBG is doing it--and doing it for real.
The NBA sponsorship is interesting--there are a lot of things that Hall of Fame is doing now that remind me of the early Spongetech days. Talk of production, distribution, etc. That's what drove SPNG from .007 to .021, and when revenue PRs started hitting, it took off pretty bigtime to like .285. The timetables are almost identical, which is great. SPNG was big in MLB parks, sounds like HFBG will be doing the same with the NBA All Star game and possibly arenas in the future.
Of course, we NOW know that Spongetech was a scam... I don't think HFBG is the same in that respect. I'm just looking forward to a nice big AUTHENTIC SPNG-like move in the PPS and the company growth.
Love the PR... we're looking GREAT from here to the end of the year with all of the production, etc... can't wait to see it on shelves.
Unbelievably low volume today... looks like people are waiting to hear about the CEO/COO before they do anything...
They said it was coming this week right? So it's gotta be today or tmrw...
I think it's reasonable to think that Atomic Dogg is being produced by someone else.
The only question that I have about that is where they're getting the money to do this. I know that they aren't diluting...how does the beverage industry work? The production facility wouldn't be doing this in an accounts payable/receivable type arrangement, would they? Doesn't seem like a wise business move for the producer to do it that way with so many uncertainties.
I remember reading they had enough cash on hand to stay afloat and do one major production run... maybe they had more cash than I thought/they let on, or maybe "one major production run" included both Dogg and Sweet Tea. If that's the case, then I'm really pumped...
Amen, brotherman. Everybody is panicked because there were two good PRs and no price movement... so what? A lot of what was announced in the PRs was to be expected AND I take it as a great sign that we haven't had too many wild swings up/down before/after the PRs... that means that there are much fewer flippers in this stock than your typical penny.
The real money here will be made when real revenues are generated--and when people like me can go to my local 711 or whatever and pick up a bottle myself. Until then, I don't expect much to move.
...unless HFBG announces that we've lured Muhtar Kent away from Coca Cola to become our new CEO... ;)
Bizarre spread... someones playing games. Gotta break one way or the other before the close...
Too much good news about this dogg, how can it be kept down much longer? Green day on deck, boys and girls...