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That the facebook I assume Walgreen had tons of the stuff loaded by there rep down who is Republic before April 1 so they can still legally put it in the stores. I cannot because its past the date of April 1 you had to have it to the stores on or before that date. Republic is big so I assume they had many pallets of the stuff to Walgreen of the characters.
Simpleman I saw your email. I cannot respond through email on the board but your wrong. I am a contracted distributor and it cannot be sold by me. We have agreements with Hangover Joe's I assumed it was the old stock with the actors on the bottle. I suggest you take it to an event or fair or something of that nature and sell. As an authorized distributor I am prohibited from putting it in stores that why you might of not been able to move because all distributors got the letter back in Late Feb to move out all the old product to make room for the new Hangover 3 product. All that had to be in stores on or before April 1 so many of us loaded stores with multi cases before we got the new product. I wish I could take it but I cannot because I am a contracted authorized distributor. Thanks for contacting me. I suggest you try also to find a 3rd party not authorized Hangover Joe's contracted distributors to try and sell it. I also look for truck jobbers in your area that perfect for them. I would also try to find big discount store to move that in barrels in your area. That should have a year shelf life left or so I assume. Thanks again for contacting me.
If this is old stock with the characters on the bottle that cannot be sold in stores. If its not the old stock contact me direct. I am interested but I know there some of the old stuff that cannot be sold in open market because of Warner agreement after April 1. I have had people who had old stuff come to us before on the board. If this is the new Hangover 3 Product I am quite interested.
Its HJOEE because they are late filing now
Who wants to Invest into a company that can't even meet a deadline for posting their quarterly's time and time again and now delinquent. I do and I invest in them all the time see I am use to them being late 7 weeks on this last pallet of product. I buy the product and stock I invest. I had stores ring this week that are low. The market is there and I will hang for it. I believe do you? I am going the distance I have an emotional attachment to the brand and I admit it. Flip all you may but its not American Greed or Fraud and that what you stated and I will defend that any day and hold you accountable to those kind of statements. As for the other read the numbers we all know they will be bad when they are release. Its about Money, they have to raise capital its the life blood to beverages and its hard to do, but I believe in the category and the brand and the company. I know someone or some company will step up this category is emerging and its all over in beverage magazine as a huge growth sector, it will happen in time.
Zackster you got your mind right. Keep the faith. Its a marathon not a sprint.
They are late till they get current its HJOEE
I don't work for the company and have a craft beer company that goes back to the late 1960's in our family. I am simply pointing out you saying this is like American Greed which is total not the case and false. There late for sure I assume its based on finances audits whatever but I am not a mouth piece for the company I own stock like you and I am from a very blue collar background here in the south. I doubt they even know what goes on this board I mean there 50 some members. I have been the one saying for a few months that there in a capital crunch because we cannot get product before the stores are out and its like 7 week waits. I hope for the best. I don't beat on it and I have shares at 23 cents I am holding and bought also much lower to average out where I am. If you don't like or are not happy sell that what I would do if not hang in but don't make up stories that its like American Greed that so far from the truth its not funny. This is all a risk but I believe it has a compelling story and from the beverage side huge potential and can be a big category. I believe, the key is they have to have capital and I think they are working on that from the form D we saw filed a week ago. Assume that when the Q comes the numbers will not be good then grip about that will it help no. The only thing that going to help is a capital injection. It's going to take a lot of money and time for this to happen. Show me a beverage that did it in a year nationally as a start up.
I see all that stuff on twitter those guys just might be fans of the product, I don't think they have the money to be doing a massive deal with the show but I don't know.
I been watching this also for about 2 months those characters are interacting all the time with Hangover Joe's and it looks like Hangover Joe's has sent them the product and there taking it and like it. I say there again is something going on in the background here. They chat back and for or they say send me and email we need to talk I think there must be something going on between the two but who know what is happening. I checked out the show and it has 2.6 to 2.9 million viewers per week.
What you don't get is I distribute the product and I have no special knowledge I just repeat what my rep tells me now and then an yes he is quite about what goes on I have pressed him to which he responds, I don't know or we are public and I cannot talk about that and I respect that of him. You have never liked the brand or are you a believer. That has been well established on the board. I do my best to inform what I hear when I hear it. If you don't like the ride sell and go. If you do stay either way everyone has to make up there own mind up. I have said from day one I am in for the long haul as most on the board are. Like I say its a marathon not a sprint and time will be the teller if you don't like the company you can be a seller.
I know these guys there work hard as heck the last thing there going to do is fold. I know the company has been struggling from cash we saw they filed the form D last week with the SEC also I notice the volume is on an upward trend and I expect for them to in 2014 start breaking free with capital. The brand does sell and the category is expanding and its a large market out there they just need money to get the company back on the right track is my thoughts.
Well I called my rep I think there lots going on behind the scene than we know. He said he has nothing to do with the filing but said exciting things were happening , they are as tight lip as always he would not say what exciting was going on. I ask more about getting product for my stores that he said should be on the way soon. So I know about as much as you but I feel something is up with them finding money etc. He did say he hope soon we would be back on track with product shipping. We will know in the next few days or weeks. I assume they are raising capital.
If I was them I try to negotiate all that debit at 50 cents on the dollar etc. I agree they need to get rid of that Debit get money and turn the sales on and grow the company.
The status world wide is different from the USA model but all they got do is become a pink sheet and they can raise when the law changes if that was an issue.
I do know the facts and the ruling on crowd funding will not come out til Feb 2014 and I just posted how it will be done, this is the loop hole. Maybe you don't get the internet but this is a legal way to crowd fund world wide to accredited investors with out calling it crowd funding hence. See the rules global are actually different for being accredited outside the USA and the SEC hates this happen but that is another big part of the Job act that Obama got through and became law. I do know the facts man and the fact is Hangover Joe's is about to raise a lot of money as the brand resonates and the movie is huge worldwide. So I expect will see a nice raise, I do expect Warner to push this as well as the movie was bigger overseas than in the USA. The haters of the brand are not going to like this and I for one will be buying in on this when it hits the internet. Looks like they are going to raise Mucho Paso, thanks to the Job Act rullng!
Here its better explained on what took place on Sept 23 that will benefit companies such as HJOE
http://venturebeat.com/2013/09/23/crowdfunding-with-jobs-act-title-ii-the-web-will-eat-financing-and-investing/
Your wrong the Sept 23 ruling gave it that companies can start now and if you do it before the rules come down and are successful you are grandfathered that is why Hangover Joe's filed ASAP to do this as they are legal to do a raise now there are a ton of companies moving to do this before the rules the key is its to accredited investors over large worldwide networks. I knew someone would ask this and I had check on it so you see a raise under the SEC rule of Form D and a waiting period of 15 days. Make no since why they would file if there not doing a raise. Hangover Joes SEC lawyers know what they are doing. I assume the next thing will see in the next month is a press release about the raise and the site and network etc. The law is unclear and there was a big article in the Journal a few days back how SEC companies are rushing to do this and get grandfathered via the loop hole before Feb. That is why I was predicting this was going to happen and it looks as though I was correct.
It can actually be used any the way the company see fit to service debit run production etc. See it says 500K but here is how crowd funding works. Take a site like Kick Starter this is not for like business but its an example since I don't know which sites Hangover Joe's will use to crowd fund. You set a goal of 500K that called 100 percent to goal so you reach the goal but you can over subscribe. Meaning once they get to 500K it could go to say 1.2mm or something if its a successful raise this happen you can raise way past the goal and happen quite often in crowd funding , the key is the people who are in at 500K have to agree for the others to gain shares and they usually do because it raises more money for the company. Crowd funding has been going on like on kickstarter.com for artist etc. and lots of site but now there will be sites that will allow companies like Hangover Joe's to crowd fund for business. This allows them to harness the power of the internet and its just not the USA its global investing so you could have someone in China or the UK buy in etc. People world wide can invest. This can be massive in many ways for the company to use as a tool to raise dollars now.
It is equity based not debit conversion its not a debit spiral. They are going to have to do some dilution to raise capital. The key is the fans now can own shares and they can limit the dilution this is not like dealing with venture capitalist. This is why Obama changed the law to level the playing field is the idea to give small micro caps a chance to have the public back a brand or company. I can see Hangover Joes leveraging with Warner to get fans of the movie to back the brand and become owners. Just like fans of the Green Bay packers owning shares of the team. I personally like the idea of engaging the fans and public and hope they limit best they can the dilution This also creates a movement where the average guy owns a piece. What he going to do is buy the products share with his friend family etc. They could raise a lot of money this way. Key is to see when it comes out how its structured.
I must have a crystal ball. In my post last night I said the company would take advantage of the new law changes in the fair jobs act. This look just like what there going to do. This will involve the internet huge and social media. I did a Google search and the SEC ruled today. Look like Hangover Joe's attorneys are not losing anytime filing form D meaning they will start a raise in the next 30 days using Crowd Funding here is the information http://www.mondaq.com/unitedstates/x/274206/Securities/SEC+Issues+Proposal+On+Crowdfunding Go Hangover Joe's!!!!! When 3.6 million shares moved the other day someone smarter than myself knew something was going on I assume people were speculating that this ruling was coming down.
Your correct I do have that problem and a college degree and I am dyslexic as all hell and its a big problem but I have build a large business and I am very successful in my personal life and business life. I do know the beverage business and your right give these guys credit they are fighting hard everyday. I believe in all my heart Hangover Joes is going to make it and also they have a great story and its very similar to some of the other brands that became huge. It takes fighting it and wanting it but it also take a good product and more than anything it take money. I believe that to will come in the future for them.
If you think its never going to make it and be at 1 cent sell now and leave if you don't believe. The game has change since 2008 do you know how hard it is to raise money for micro caps. They would of done better had they not taken this company public for money in my opinion on raising capital. The laws have been very hard on these type of companies. Since its a long term risk and even though the product sells well and there are back orders its very hard to raise money from Accredited Investors as that all that is available under the laws for micro caps, the new laws under the Job Act by Obama has just changed of September 23 but the SEC has been slow to define the new terms. I know that HJOE will take advantage of this soon but the legal side is still waiting for the SEC final rules. There was a big investor look at there filing the guy signed up to put 1mm in the company but has only funded 300K I assume since he signed the agreement Hangover Joes also has a legal case but I don't know the specifics. They key is that raising money post 2008 in the markets are very hard even for companies with hot products. Your in Canada you wont see the product like we do in the USA as far as I know they sent one container to Canada and that was a year ago. I know they are focused on what they have in the USA that they cannot fill at this time. It is a marathon but if you not willing to go the distance and you don't believe you should sell and take your loss. If you think its going to be a total loss then why stay get out now before its over. Maybe you just like to beat on the brand I don't know but if I truly believed they where hopeless and going under I would run for cover. I do think they will come out of this and even release more products and grow the functional life style brand and category. See your betting they fail, don't raise money and I am betting they do raise money because that what its done to now. I going the Marathon if you don't agree why not just sell before you totally go under? Maybe you do believe.
I sometime look at this board and know that I have the great advantage of being in beverages since 1979. I started at my fathers side and I took over the company after being out of college a few years from my dad. This company HJOE is a bit over a year old. They went public in July of 2012. They only raised about 700k and in the year of being public they knocked down tons of national authorizations they have had no real money and sometime I wonder how they done what they did with no money. Core-Mart, Mclane, 7-11, GNC, regional chains and beer distributors, grocery chains and drug chains and national brokers all have come on in this first year. This was really amazing guys this just don't happen there are companies that have been out there for years trying to do this to get DSD and authorizations. Here is what is unique none of these guys ever had been in beverage so no one ever told them they couldn't do this. There are very much what I would call mavericks. This is a good thing and its a bad thing. It takes tons of money to build a beverage company and brand. The start up cost are huge legal, license fees they have and trademarks, sleeves and boxing and then the whole process of putting it into a meaningful system for distribution. They have made displays, signage so much goes just into what we call the point of sale aspect printing graphics etc. Folks this cost lots of money. This is a start up that is in a very hot new emerging category. Then they catch tons of press righ out the gate in the beverage magazine. They then go do tons and I mean lots of trade shows in my opinion way to may for the fist year and in to many categories like candy, general merchandise no one told them hey slow done they are gun ho as heck. They are at all the regional Mclane and Core Mart shows, beer shows, candy and cigarette shows etc. I mean they are all over the place spending again tons of money and gaining attention and press in year one. The NACS show, Bevnet show, The Bar & Night club show some the big shoes and even small shows out in Texas a buddy of mine saw them out in Oklahoma at a real small show. This all leads to more and more growth. Then they are out promoting at events from The Super Bowl to Rock on the Range and the Kentucky Derby, Fest in New Orleans to Vegas. There in Time Square and 5 other cities with grown teams sampling product on New Years Eve. I myself even told them a few time Promoting is key but you cannot grow to fast. They get into all these stores then they run into problems of out growing that factory in Atlanta and have to then re tool move to the old 5hr plant this was first sign to me that they were moving in a good direction but it was all very fast. They take on customers in Australia and Canada and ship containers overseas. See I have see this all before not many times but I have been distributing brands for quite a few years. I was the first distributor in the mid south to take on Vitamin Water. Many have said quite using that as an example. Well before what they are today they had problems like you cannot believe. They grew fast and to fast to many stores even more promotion that Hangover Joes and they got so back I myself thought they never come out of it. The did a big deal with 50 cent the rapper and he put money in and that started the turn around. They were also so under capitalized. The product sold and in the early days they only had a one flavor etc. They could not supply because of capital problems in a different time when money was easier to get but investors were skeptical as hell who is going to buy water with vitamins so they couldn't raise capital they had massive problems. Well finally only after 3 years did they get funded they were so over a few times but they didn't give up and we know the rest of that story but there a few similar. We also had another drink some of you might of heard of called NOS energy. I was one of the first guys to bring it into the mid south. There story is different than Hangover Joes but its worth mentioning. This was stared by a few guys who also were not beverage guys but they worked there buts off and did tons of shows and they got some steam going under it. They grew but not like Hangover Joes at first I mean like all at once and they didn't have major branding or a media buzz going for them. Hangover Joes because of the Warner backing and branding made it jump on the scene from the start. NOS grew steady but ran into the same problems they didn't have the best placements and they were the bad step brother to 5hr but they wouldn't go away. They got a good DSD system going like Hangover Joes did but they also were so under capitalized and ran out of money and almost went under a few times. They couldn't fill lots of stores they didn't sample or have as strong a following as Hangover Joes but they were that product that keep hanging in there and well Coke went to them because they had survived by hard work and energy and at the same time you had Monster trying to do a energy shot against 5hr it was called Monster Hit Man it failed. Then Red Bull enter the market with and energy shot they failed. Coke decided they needed to get in the game and bought out NOS for tons of money it was a huge deal I cannot remember the number now but it was massive take out. NOS had survived 3 years or so and Coke took them out. NOS is still out there but Coke don't push it big time its one of tons of products they have and its still in distribution. My point being this is so early in the game and you who think if the number are not there this Q they are done are so lost in know how this beverage game works. What going to happen as this category is real and growing and they have been the only real player to get national distribution ,someone will come along and fund this company. I sell it and it moves its a big sleeper and they have strong share of mind, strong social media and they have spent a fortune maybe because they are a bit of mavericks on promoting it and there is a big following of the brand. I can tell you its like building a tribe in the C'stores. I have seen when we are out the store manager ask or calls because he says we got 25 to 30 guys who ask for it every week or so. They built a following its not 5hr and its not Vitamin Water and its not energy its very much its own thing hangover and its new and its unique and it works. I have said I don't expect good numbers they are way under funded and have huge debit and its a capital crunch. This sets up a few thing I think. The laws have just change for companies like them to raise money and I expect will see them move forward on some front and I also predict maybe another beverage company coming in and funding the company might also happen. In this early stage its way to early to say that if the number are not there its over. It's far from over, see I think its really about ready to start in the next year the category is picking up and more companies coming to the table which is a good thing. They have proven that they can get placement, they have proven it sells and they have proven they can brand and market. I don't see another brand touching there branding. The hangover brand has a billion dollars behind it in branding with the movies merchandise etc. There will be someone jump up and get behind this company and brand,I think in 2014. I am also hearing this from people in the media side of the beverage world they also believe there will be funding to the company. So I wanted to lay out to you from what I seen in this business how I view the company from the eyes of dealing in the past with start up hot brands. They have done a lot of things actually very good but yet the same thing that makes them mavericks also hurts them in as they have inexperience not knowing you got to crawl and then walk and then run. Team Hangover Joes has to learn this and that might be the best thing and it might be the worst, time will be the teller. I have said since day one of coming on the board its a Marathon its going to take a lot of money it's not a sprint. In the beverage work they have only been a public company for 15 or 16 months this is a start up and an underfunded one. I am in for the Marathon with Hangover Joes.
I expect even lower. They are so cash strapped. Till the company is funded as I keep saying I do not see growth. If they can get real capital this will take off like a rocket.
You won't see great number I predict because they have been locked down by capital. We won't see great number again I predict till they get the company funded etc. I guess I am closer to it since I speak to my rep and I know how hard its has been to get one pallet in the last quarter. We had 2 pallets since August and I am now been told another 5 weeks meaning my stores will be out by the start of holidays and we will miss that time which is huge. That tells me everything that is going on. My rep has even telling me they are jammed up till they raise more money. I have been trying to point that out but may people are drunk on the wine thinking we are going to see massive sales. I hope I am wrong but I could sold 4 to 5 pallets had I been able to get product. So if everyone else is in my situation then the numbers are going to reflect the lack of sales not based on demand but based on supply caused by the lack of capital.
I sell the product as hard as it is get of late and it does sell very well. The photos on Twitter are customers buying it in stores and posting their own photos on instagram that is the point I am making there is a social movement going on don't trust me research it for yourself on instagram or twitter. There just way under capitalized but I expect the changes coming in the law for micro caps such as them and as internet mined as the company is they will use this to there advantage in 2014 for raising capital under the new law changes.
That is not correct. The company did a promotion with Warner on both the Hangover Joe's and The Hangover movie website to give away cases. Its call social interaction they engage the audience. This is for the DVD release of the movie in October. All you got to do is look at instagram and all the people around the country putting their photos up with the shot. Also you need to look at the Klout score they have a strong social movement on twitter.
As far as we know they have not converted any of it or has it been reported that I know of etc. I must admit it was a ride watching this today. This just shows that the brand is very viable and there are lots of folks watching this and jumping on it. The main thing was that some of the stock companies reported that its a brand to watch and tweeted it on twitter to there followers early today. Some of the beverage articles out there were picked up and re-tweeted by the stock websites etc. They are growing massive on twitter, I've been watching more and more people each day joining them on twitter. I watched all the tweets today from stock companies and all of the fans of the brand jumping in. They have a strong social media movement, many of people who are buying the product and putting it up on twitter with photos and a radio station in Vegas is tweeting about it also. What this company needs is a capital infusion. The product works and they have strong branding and they have a cult following, this is evident via social media. It was fun seeing all the action around the brand today. There does seams to be a lot of action on twitter all the time not just today.
I am betting we see sales equal to the last quarters or below. I cannot stress how the company is in a capital crunch and stores around the country are on back order. I was told Friday 5 weeks for next shipment. They got to raise capital to get over the crunch, I hope your right but I don't see it happening. We also seen no update files of the investor funding the company. They need to raise capital its a must. There out promoting the heck out of it all the time I give them that for sure.
I predict the numbers will not be good at all because like I said the company has been strapped for cash with the debit etc. I am not expecting huge sales. I sell the product and I speak to my Rep John at the company on a regular basis. They have tons of back orders with Albertson , HEB, Price Chopper, the company has to have a capital infusion to get over the hump. I agree the guy is lost thinking they make up numbers there public and they are audited by the SEC auditors. A year ago they had good numbers when the company was flush with cash and had just went public but they spent 1mm promoting the brand and moving to a new facility etc. The company has to raise money to be able to grow and that is the plan simple facts. I think some of you guys who don't understand the beverage world think its easy but its not. It's going to take millions invested over the next few years to get this moving. Also I know they have plans for more products in the pipe line but I not been told what they are.
You Don't Get it SEC Auditors don't go by make believe numbers. There public its not like a guy in the company saying we have sales of 800K. This is audited by SEC auditors. So the numbers we see are all real each time.
I am going to hold this also as I don't expect great numbers for this next Q as I know the capital problems and supply problems of the company. I do believe will see investment in 2014 and growth both domestic and international.
I predict it will decrease again as well. I sell the brand and the company does have demand we are almost out again after Halloween and I placed and order yesterday for another pallet. The key as I tried to explain is they had way to much uncontrolled growth with all the promotion and chain authorizations they were strangled by production capabilities in Georgia. They then spent a ton to move to the new plant and the main capital investor of the last report had only put in 300k of the million into the company. They are capital strapped by tons of growth in that first year plus I expect all the cost to take the company public. I was at the NACS show and spoke to an editor of Bevnet he said the company in his opinion is leading the category but is so under funded. He thought that in the next year we might see another beverage company invest in them. They were on the front of the June issue of Beverage World as one of the next big brands. I know the business and I do predict someone will jump in and fund the company in the coming months. I was told by my rep yesterday that they are working on funding sources beside the investor that put in the 300k, when I pushed him he said he didn't know enough about it to tell me which means because they are public he won't tell me. I respect him for that I just ask that he get me product as soon as he can.
This is a great point and also the laws are changing for raising money for these small micro caps. I learned about this from a friend today so maybe in the near future we will see them employ some of the new changes that are about to come about for companies like this to raise money from the open market. These changes I was told today are expected anytime now from the government. They are a very hard working group but being totally under capitalized is a big problem and the toxic money is not the way out either. You make a great point here as its a home run or it will be acquired or they will go broke. I am betting on the investment side. The brand does sell well, I sell it so I know. The market for this is working people 25 to 55 it sells very well when placed correct in stores on counters or in the beer coolers on the cooler racks or the two pack in the liquor section of grocery stores. We need to see capital investment into the brand.
What he didn't mention is Hangover 3 was a huge success it sold better overseas than in the USA! I think 2014 will be the year someone steps up and invest in this company. I know they are fighting hard with no capital and stores out off product and there tied up by not being able to fill demand or ship correct based on capital issues. Money changes everything and these guys over there all are fighters and I expect them to come up with investors in 2014. The market is real hard for beverage companies that are small like HJOE since 2008 and the capital melt down. I think they have been people offer them money but they were such bad deals or bad money they stayed away from it. This has been the big issues facing the company. I looking to 2014 as a year for investment to the brand.
Man your so lost its not funny, HJOE co-packs they don't own the means of production. The don't own a plant they co-pack like 95% off all beverage companies due. Sampling is a smart thing to do and your wrong there not Vitamin Water but when I use those comparison Vitamin Water etc was a struggling companies and most people had never heard of them unless you were in distribution like myself. I had Vitamin Water and you know how hard it was to get a store to take it. They say to us who is going to pay $1,99 for a bottle of water because it has Vitamins included. See I remember how brands start and emerge. What HJOE has done in a year or so is really unheard for having no real money, its what we call a hot brand it has legs. That why so many article in beverage magazine etc. They have single handed started a whole new category but the company lack strong investment to meet its demand. The key is its a marathon not a sprint and you guys all think well it should be 5hr tomorrow and it don't work that way. This is going to take hard work and Jet Fuel which is money to get them into outer space. This has the potential to be one of the next big brands. It was featured on the June issue of Beverage World as one of the next big brands. Even with stores out of product people are still wanting it because it has a strong following. This product is a functional lifestyle brand and people are asking for it. When we were out for about 3 weeks I had stores calling saying customers keep asking when are we going to have it. I had stores all over me till I got it back on the shelf. There is demand and that will lead to someone or a group or a company stepping up and investing in the company. I predict that will happen in 2014 the category is real and that will happen.
There numbers will not be as good as last time I predict and I sell the product. You guys don't seam to get that they are basically shut down do to capital needs. A small production run would cost over 120K and I think that the capital they got went on advertising promotion and debt the company has. I look at what you guys just said and I get you might know stock but you don't get beverage companies and the cost to produce and raise a brand. Its going to take serious capital to ship all of their back orders and a few production runs to even get close to caught up in my opinion. I am one of the bigger backers of this brand but I understand what has happen. This company has raised less than 700K since it started and has spent 1mm in just promoting and brand building not counting production legal etc. Figure every time there out sampling ever two shot they give out is like handing over a dollar bill in real cost and they have sampled so much they sampled a ton. That what it takes to build a brand they get that side but I think they never realize the money raising side was going to be the big concern and from what I have heard there big on one guy who has not totally come through to the company on investment. I think they have had many bad money deals for dilution come at them but they have stayed away from that bad money etc. Its going to take a strong investor or another beverage company investing in them with serious dollars to get this off the launch pad and rolling again. This company to meet the demand and do what needs to be done needs millions of dollars guys. I don't think you get what it takes to roll out a beverage from sales people to promotions to shipping to production its takes lots of money. Just remember Vitamin water it took a few years and their sales shrank before they got capital they almost tanked twice. This is a company that has a great product like they did and demand and a strong market brand that has been laid. I told a friend of mine the other day that HJOE is like a rocket on the launch pad with no fuel. They need money to fuel the growth and to go forward. IF there is no investment this will never leave the launch pad.
Like I said from day one this is a marathon and not a sprint. The category is massive and will continue to grow, its a real category. The key is can they raise capital as I think they are locked down being so under-capitalized. I willing to wait as I know what it takes to build a beverage company and Rome does not get built over night. It's going to take a serious investor coming in and putting up capital to take this company to the next level some one I think will step up in 2014. I know that this will happen at some point. There is ton of buzz out there in the beverage world about this category and even this company there product works. I am not expecting much if anything form Q3 as I know how behind they are on orders and capital is the main problem. These guys need to raise capital in a big way and that the hold back. It took me longer than ever to get product and my rep told me its a capital problem and I believe him. They got people all over the world coming to them wanting to do deals and they got stores in the USA screaming for product and distributors, the problem is the company has not taken massive dilution to raise money and by not taken what I would call bad money they hold out looking for investment and the company suffers on the sales side. That what I see that is going on.
I just got product about a week ago but it took forever. I think there are these few still out there and will continue to see them pop up and try to sell off. Once there gone and if the company can get funded I am hoping for 2014 to be the turn around year.