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I hope you get those shares, even if you have to come up a bit. The risk/reward on this stock has to give one reason to take a flyer. Maybe it's not a blue chip worthy of 5% of one's portfolio, but this is absolutely worth of a speculative investment. If it starts to move up, just double up early. I see no reason why this can't be several hundred percent higher in 12 to 18 months. You won't get that collecting dividends.
I believe Lamperd is very close to an inflection point. There's been a long, perhaps very long, base building period. It's all starting to come together. All the pieces are beginning to take shape. It may be a month or three early, but the trend is positive. It won't be long before the stock starts to reflect the groundwork reported in this PR and those of the last two quarters.
And Lamperd moves one step closer to sustainable growth. The pace of progress may be slow, but I believe that is much more a function of regulation, industry structure, and buyer lead times, than it is anything on Lamperd's part. You have to remember that what serves as a barrier to competition when one wants to enter the business becomes protection when others want in years down the line. Unfortunately, there is no shortcutting the process.
This is a most excellent PR. I am curious to hear more about the 'other developing sales programs'. I expect we will be hearing more about these in the coming weeks.
Long Lamperd and looking for much more in the months to come.
Stop with this ER nonsense. This has nothing to do with earnings. IVFH could earn 3.5 cents per share in Q4 and it will pop for 2 or 3 weeks. But with careful management by the people in charge, they can work it back down to 48 cents before the Miami Marlins are mathematically eliminated from the pennant race in mid-May. All it takes is the following:
- Continue to ignore all shareholders
- Continue to issue zero press releases
- Continue with the Board of Clowns that runs this organization
- If pressed to get the stock price down, make another acquisition in a money losing company
- Raise prices to reduce sales
- Spend a lot of marketing dollars for little or no benefit
One earnings report means absolutely nothing. When tanking is the objective, positive earnings are just a speed bump on the way to a lower stock price. I have absolute faith that this crew can work IVFH back into the 40's should it ever approach the mid 50's.
Maybe they got caught up in the Tank For Tua frenzy and decided to trash the stock for a better draft pick? I'm telling ya. This is all part of a master plan. What appears to be incompetence is anything but. This is all by design.
You just don't get it, do you. I've been telling you how this game is played for about two years, but still you only see what you want to see and not what's in front of you.
Stop listening to what you've been told. Stop listening to that voice in your head telling you that others operate the way you would run the company. Instead look at what's in front of you.
The stock is languishing at 50 cents. It appears that another group is taking an investment interest in the company stock, yet management's attitude hasn't changed, it has done nothing to indicate that they care at all. Does that seem strange to you?
Block everything out and ask why management would continue to act as they have if they truly thought this new group could acquire a boatload of stock or might attempt to remove existing management from the company? Maybe it's because they fear nothing. I believe they have no concerns. And therefore tomorrow and the next 50 Mondays will all look like last Monday. Nothing is going to change. It is all playing out as orchestrated.
Hostile takeover? When more than 60% of sales go through one customer? Absolute fantasy.
Hoping we are going to see the results of an audit soon.
Gwat, I appreciate the note, but if he/she has been a shareholders waiting for a long time for this to move, I understand his/her frustration. It can be painful to get into something too early. Companies try to put a good spin on things even if they know it will take several quarters to show results.
Regardless, LLLI's time has finally come. So let him/her complain. It won't change anything. The process takes time, but I am very comfortable in the actions the company has taken and the progress it has shown. The future looks bright, but one has to have reasonable expectations. One does not go from thousands in sales to hundreds of thousands in 2 or 3 quarters. Government accounts don't work that fast. The trend is positive and I am buying more.
Real - I understand your frustration. I'm guessing you've been here much longer that I have. For better or worse, this is how small companies grow in heavily regulated businesses. Compounding the regulatory issues is the fact that most Lamperd customers are governments. Governments have lead times on purchasing that are measured in years. Products need to be tested, then they have to go though appropriations, then budgets. Well you get the idea. It's a long decision cycle.
I am comfortable with the progress. I believe the steps they are taking are exactly what is needed. Give it some time. There are many positive signs.
This is how you build a company. Lamperd is doing all the right things, talking to all the right people. There's never a guarantee that the orders coming pouring in, but the probability for increasing order flow grows with every step. It you had to map out what a path to success would look like for a small manufacturer like Lamperd, this is it.
Looking forward to a year of exciting growth for the company and the stock.
Not feeling the love. I sense dissension in the ranks. Good luck tossing the big guy out. I wouldn't bet on it.
If one is going to be in the Cuban coffee business, Miami is the natural place to headquarter the business.
I enjoyed your comments about iGourmet's marketing. IVFH has proven its inability to conduct B2C marketing on multiple occasions. They completely punted on the molecular cooking fad despite having access to all the components to sell packages to curious consumers. The FD fiasco was a case study in incompetence. And now advertising turkeys that won't arrive until 2 days after Thanksgiving.
You have a CEO who lives in New York. The company staff live in South Florida. The COO is now responsible for business development. So who's running the store? I would guess it's low level staff who have never been given authority before and don't have experience in the B2C world. And you wonder why the results are weak.
Grease - Please don't sound so depressed. Surely, Sam has your best interests at heart. Have some faith.
IMO, these new people either didn't do their homework or they are here to help Sam in in quest. Prior to today's rally, IVFH had a market cap of roughly $17 million. Buying 5% or 6% isn't a big deal for a medium sized money manager. I wonder how much homework they did before they bought in. All I can say is they didn't call me. Hopefully, they will stick around longer than the last Board member.
All I can tell you is this - I'm on the outside watching this fiasco implode. You are on the inside hoping that this 52 cent stock may recover enough to let you sell at a small loss. Make up whatever facts you want. You can believe whatever you want to believe. It was 49 cents a share earlier today and now it's just about 50 cents. 10 month ago you were all talking about a $2 stock.
Good luck, friends. I told you what's going to happen. You can believe what you want. I'll still be here to comment as management assumes more and more control. After all, I have nothing else to do in life.
Good luck with your strategy. All I know is that it has been how many years since you previously voted on the directors? 5 years, 6 years? 7+ years? Wonder why that is? So if you are convinced that you and your little band of rebels are in charge, you have my best wishes. I just hope you leave a last will and testament before you go charging into company management expecting them to roll over. Your heirs will appreciate your thoughtfulness.
Excellent job counting the outstanding warrants. My compliments. And BTW, check the company bylaws and find out how unvoted shares are counted.
Management has control of this company. It's why you haven't voted on anything for years. If they didn't have control, you would be voting every year. You don't because your vote effectively doesn't count.
Go look at the ownership that was reported with the recent proxy. You remember, the one where the company said they are going to do a reverse split to make them NASDAQ eligible. If I remember correctly, Sam and Company had about 30% in hand. Now add in the stock options he has which won't take much to convert to stock at 40-something cents per share.
CoolHandLuke isn't concerned about Sam taking over the company. Well, he should be, but it's not clear that his concern matters. By the time he decides he should have done something, it will be too late.
Sam is either brilliant in the execution of his plan or absolutely incompetent as a manager of a company. I believe there is a plan and Sam is brilliantly executing it. The Sam I have seen and know about can be described with many adjectives, but stupid and incompetent are not among them. What you are seeing is all by design. JMO.
Absolute lunacy. No one is going to take this over. Management already holds control. Now they just need to convert control to absolute control.
Low stock prices just make their job easier. Disagree all you want. It's happening right beneath your nose and there is nothing you or anyone else can do to stop it.
You just don't get it, do you. First, he company is not being driven into the ground. I believe it is being made to look that way. As far as iGourmet is concerned, there must be tens of thousands of experienced DTC food professionals who can turn this around in 4 to 6 months. I work with one of them, and I believe I have the experience to do the same. So that's 2, and I haven't begun to search for anyone.
The fact that it hasn't happened yet can only be attributed to arrogance, stupidity, or design. I rule out stupidity. These people aren't stupid. Arrogance? What do they have to be arrogant about coming off the Fresh Diet debacle? BTW - while that fiasco did have considerable stupidity in the mix, I believe it was 80% arrogance, and only 20% stupidity. The stupidity came in purchasing it and installing a failed CEO. After that, it was all arrogance. They proved that they have clearly defined limits of competence. No, I believe it is by design.
None of this company's problems are either fatal or unfixable. This is all a show to tick you and every other shareholder off. It's not a necessary step for management to achieve its control objective. It just makes it easier and provides them with some humor watching the shareholders protest to no avail.
Welcome to capitalism at its worst. The SEC won't help you. Your state AG won't help you. You can't justify hiring a lawyer because your chances of winning anything are between slim and none. There is no one to complain to. I have seen a CEO literally steal a company before. I was a shareholder. It's absolutely frustrating, but there is nothing you can do if the CEO and a puppet board are intent on taking effective and absolute control over a company.
Robert Hanlon was quoted as follows: “Never attribute to malice that which can be adequately explained by stupidity.”
This is one situation, where I believe this this quotation does not apply. Management is far from stupid. Greedy? OK. Arrogant? Hard to dispute. Stupid? Far from it. What you see happening to this company, I believe, is being orchestrated. The low stock price. The delay in fixing a DTC food retailer called iGourmet. The mystery company acquisition announced in the 10-Q. All pieces of a game of cat and mouse. And you shareholders get to play the rodents. In the end, the cat gets fat and you are lucky to get out of the game alive (in a financial sense, you understand).
Whatever you guys are thinking, you need to check that. Your interests and management's have not been aligned for quite some time. JMO, of course. But as one who has seen this happen before, I see signs that look familiar.
I must respectfully disagree. Sam is anything but dumb. Granted, he completely screwed up when he bought Fresh Diet. He never understood the business and he hired a clueless CEO to run the fiasco. But let's move on to more recent activities.
iGourmet has taken longer than shareholders anticipated to become profitable. There are at least two dimensions to this situation. First, company management has done absolutely nothing to manage investor expectations. As a result, investors expected positive results quickly. The net result, which we are seeing now, is disillusionment.
As for IVFH's seeming incompetence in running a DTC food business, IVFH has never exhibited competence in this marketplace. They do B2B well. They do B2C poorly. For whatever reason, the company has not decided to hire a professional to turn this around. If they have, they certainly haven't told anyone because Sam doesn't talk to the little people. So he could have been hired 6 weeks ago, but no one will ever know.
People who have read my posts know I am a believer that management is executing a very slow, but very deliberate buyout of the company. Management is purposely running this business like clowns, with a bozoic board in full compliance. I believe it is why our dearly departed board member was kicked off the island. He refused to play well with others.
The damage they are doing is all minimal and immediately correctable. They are transferring wealth from the public shareholders to management. It's only a theory, but I have yet to see any reason to discredit this thesis. Lower stock prices are not a problem. They are an opportunity.
You are correct. They just barely squeak in at the $3 level. I assumed shareholder equity was <$5 million due to the FD fiasco. But it is north of $5 mil by a few million dollars. So they qualify at $3.
Not sure, after all this, it matters at all. If Management intends to play by their own rules with a heavy emphasis on kicking minority shareholders in the teeth at every opportunity, they could list on the NYSE and still receive a one handed applause.
Sorry, Dickmo doesn't know this one. I can look up the price on any date, but as for when the last split occurred, I do not recall. Presumably, there will be another split coming in the next few months. Looks like its going to be at least 1:8 or 1:9. I believe a stock needs to be $4+ to apply for listing. If you think this stock and this board are dead now, wait until the post-split environment.
But it's just the right environment for someone interested in slowly accumulating shares and consolidating control.
Always good to see the counter argument. Reminds me that if the Dolphins were spotted 21 points last Sunday, they would have beaten Green Bay.
I am surprised that the company is struggling with this business. I know people with quality DTC marketing backgrounds are hard to find. There can't be more than a few million running around the country.
The problem is management, and what is most perplexing is whether it is by design or by arrogance. As I get older, I increasingly tend to believe conspiracy theories simply because I find it difficult to believe so many people in positions of authority can be so dumb at times. I tend to believe this is partially by design. Hold the stock price down and buy it up.
Maybe management has taken all the right steps, maybe they have hired the right people and put programs in place to build iGourmet, but how would anyone know? My conspiracy theory could be all wrong. Management refuses to communicate. Until it does, and establishes some credibility by building a real Board of Directors (as opposed to the Saturday night Board meeting/poker game traditional I half believe currently exists), I maintain the possibility that this is all by design.
be-real - Your position is well reasoned. And I wish I could give you a more definitive answer. Personally, I have worked with many smaller businesses. Once they gain some sales momentum, things tend to accelerate rapidly. But I have often been frustrated how long that process takes to get started. There always seems to be a reason why sales are not progressing.
Lamperd has been around for several years. At this point, I can wait another quarter or two if necessary. All signs seem to point to an acceleration of sales. Hopefully, this was the one piece that was holding things back. Whether it is or isn't, ATF approval has to be a big deal. I'm just hopeful this starts the flood of orders.
Interesting speculation. And for shareholders, I don't know which is worse - that you are correct or that you are wrong. If the dearly departed director left over a policy difference, one has to wonder why the board decided a day later that if they don't like your haircut or your mom makes cookies for the meeting that contain raisins, they can vote to kick you off the board. Personally, I think a mullet and raisins are two perfectly valid reasons to forfeit board membership, but I'm not board material either. It's not clear that our 'take this job and shove it' board member had either a mullet or his mom put raisins in the cookies.
If our departed board member left for other reasons, I would be curious as to what those reasons were. Here is where one's mind can get really creative. I have already expressed my opinion as to the long term game plan. I would not be surprised if our 'independent' director was not on board with his playmates.
Just speculation, but when your management team is as forthcoming as this one, creativity tends to fill the gap.
Maybe you can ask Sam about that on the upcoming conference call (sometimes I just crack me up...)
Then again, 3rd quarter is probably the worst quarter for this business.
Earnings(barely) are out. And pretty they are not.
It sure is. And it explains why Lamperd sales have been slow to grow. Now that this roadblock is out of the way, things should pick-up nicely. I was previously unaware of this hurdle. The picture gets a lot clearer now.
Lamperd Less Lethal Announces ATF Approvals for Importation of Firearms, Ammunition and Implements of War to the United States
Police Training Courses Continue to Fill to Capacity and Product Line Expanding Including a new 37mm Tear Gas Breaching Round
SARNIA, Ontario, Nov. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Lamperd Less Lethal, Inc. (OTC PINK: LLLI), an innovation leader and manufacturer of advanced security solutions for law enforcement, military and security agencies worldwide, has just received notification from the U.S. Department of Justice, Bureau of Alcohol, Tobacco, Firearms and Explosives that formal approval has been granted to import many of Lamperd's most important products into the United States, effective immediately. The specific approval was for an Application and Permit for Importation of Firearms, Ammunition and Implements of War (OMB No. 1140-0005).
The approval process was a long and meticulous route, started in 2017, which was sponsored and guided to successful completion by one of Lamperd's most important distributors, American Reserve Munitions (www.americanreservemunitions.com) headed by ARM's President Mike Bailey. Lamperd products were granted this approval largely because we were able to furnish extensive research data and reports from accredited institutions to fully validate the high quality, consistency, reliability and safety of our products. With the ATF importation approvals granted, Lamperd Less Lethal is in a position to supply some of the most advanced and valuable security products to the very large marketplace of the United States for the benefit of all its many law enforcement, military, corrections and other peace keeping forces.
We are also pleased to report that new product orders continue to be booked, including increasing orders for our proven Interlocking Riot Shields from police departments in the United States. One reason for these rising orders is the training program we have begun this year under the administration of our VP of Training, Chief Ed Bogats, Jr., PhD who is based in Pittsburgh, PA. These training courses are being filled to capacity by police officers, because of the high level of instruction and certification that we can provide. Attendees are also very interested in getting hands-on experience with many of the latest Lamperd products which offer advanced features not available from any other company. This training program is effectively allowing Lamperd to introduce its extensive product line to the United States in a way we have not done before and with the new ATF approvals just granted, law enforcement agencies can order Lamperd products to be shipped to them at any time. We have just completed a course for police on October 27th in Elizabeth, PA and we are preparing for another on November 16th in Royal Oak, MI. Full details can be seen on the company website here: http://lamperdlesslethal.com/police-military-training/.
Further, our research and development programs are continuing to produce new products in direct response to expressed desires from the law enforcement community. The Extraction Shield we recently introduced is an example of this effort. The newest product we are delivering is a 37mm Tear Gas Breaching Round which has been specially designed to break through tempered glass in a way that will allow only the CS Tear Gas contents of the round to emerge on the opposite side without any harmful debris. The Lamperd 37mm Tear Gas Breaching Round will meet a need that is currently unfilled in police armories and we will be demonstrating it in our training programs beginning immediately. More information on this latest product can be found on the Lamperd website here: http://lamperdlesslethal.com/less-lethal-munitions/.
Additionally, we are continuing with the sale of some of our products for humane domestic animal and wildlife control and also addressing the ongoing issue of providing protection for the general public from active shooters in schools or other public places. One related issue we would like to clarify is the mention we made earlier in the year about the possibility of setting up a Lamperd production facility for our Pepper Blast product in the United States. Now that ATF approval has been granted to import Lamperd products directly into the United States, we have determined that it will not be necessary to incur the expense of opening another plant. For additional details and information on all of the programs and projects that Lamperd is engaged in we recommend that all investors review the previous news announcements we have made this year and our website at www.lamperdlesslethal.com. We will also be bringing out new announcements soon including a progress update on the major joint marketing program being prepared with our Middle East partner company Gokser Makine Sanayi.
About the Company
Lamperd Less Lethal, Inc. (LLLI) is a developer, manufacturer and international sales company for advanced less lethal weapons, ammunition and other security products marketed to police, correctional, military and private security forces. The company sells over 300 different products including small & large caliber projectile guns, flash grenades, pepper spray grenades, 37mm & 40mm launching systems and interlocking riot shields. Lamperd also offers advisory services and hands-on training classes run by highly accredited instructors.
This press release contains forward-looking statements relating to Lamperd Less Lethal, Inc. Lamperd Less Lethal, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.
Safe Harbor for Forward-Looking Statements:
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
Contact: Lamperd Less Lethal, Inc.
Barry Lamperd, President & CEO
(519) 344-4445
Company Website: www.lamperdlesslethal.com
Lamperd Less Lethal on Facebook: https://www.facebook.com/lamperdlesslethal
Lamperd Less Lethal on Instagram: Https://www.instagram.com/llli_lamperd_lesslethal
Lamperd Less Lethal on Twitter: Https://www.twitter.com/llli_lesslethal
Barry Lamperd on Twitter: Https://www.twitter.com/lamperd_llli
NEWS SOURCE: https://globenewswire.com/news-release/2018/11/13/1650489/0/en/Lamperd-Less-Lethal-Announces-ATF-Approvals-for-Importation-of-Firearms-Ammunition-and-Implements-of-War-to-the-United-States.html
Let me know what you find in that list that helps the non-management shareholders. I count zero items. You can immediately eliminate the 'advisory' votes as they are meaningless. So that doesn't leave much pro-investor content.
Elect 4 board members. Let's see - Sam, the COO (now the Business Development guy), Moe and Larry. That's four. There were five, but they voted Curly off the island in a hissy fit that even middle school girls might find catty.
Ratify the Accountant - boilerplate. No one has reason to assume the company is playing fast and lose with the numbers. That's not part of the game plan.
Reverse Split - Think unintended consequences. Rarely do these work in investor favor.
After that, it's all advisory BS. Management doesn't have to even count those votes because none of it is binding.
And you find this positive?
Oh but I believe he does have a plan. And if you own shares in this POS, he's going to make his money by taking it out of your equity. Slowly but surely, he's going to transfer wealth from the company, that's you and the rest of the minority holders, to the management team. Maybe he'll cut your dividend (sorry, another weak attempt at humor). Maybe, they will increase their incentives for doing such a great job. You'll agree to that, won't you. Tell you what. Maybe they'll take a vote on it. Just like they have the last 5 years.
Slowly but surely, wealth transfers from shareholders to management. That's why your stock has gone from $1+ to its recent showing at 60 cents. Thankfully, you have a diligent board of directors to watch out for your interests. You remember them, don't you? The children who banned the newcomer because he refused sing the company song in the right key. Yup, the middle schoolers are protecting your interests.
So I would feel perfectly fine that this is all going to work out fine. All the signs are there that every shareholder will enjoy the ride they will be taking.
I just don't understand where you get this sense of hope and common purpose with management. Do you have any proof that this common purpose exists or do you just make this stuff up in your head to justify owning stock in this POS?
I believe Sam and the leadership of this company do not have your best interests at heart. They won't talk to you. No conference calls. No PR's. The board is chock full of cronies. Even the freak meeting to do a reverse split (if that isn't a red flag) is being held in East Bumf..k, PA, far away from anywhere to make sure no one shows up.
And yet you insist that Sam needs to turn this around. Sam is well paid for what he does. He can continue to bleed the company dry for another 3 to 5 years. By then, he will have complete control and you will be paying for two private planes when Sam travels just like Jeff Immelt. Everyone needs a spare Gulstream trailing the main Gulfstream when the boss goes traveling.
Sorry, not buying your optimism. And judging from the stock price, no one else is either.
You just don't get it. The meeting is in Scranton. Next year, if they have a meeting, they can hold it at the Days Inn in Bath, NY. They can rent it from 11AM to 11:05 AM. They can bring in donuts and coffee from the Duncan Donuts in Corning, just 21 miles away.
The whole concept is to make it totally inconvenient for anyone to go. Less people, less votes, less discussion. This could go down as the fastest meeting since the Q2/2018 conference call.
Do you actually believe the management of this company is going to let you vote on something that hasn't already been decided? This is a legal formality. They know the outcome. They sprinkled in a touch of hope that things would change to prevent a mass uprising (which would fail anyway) against management.
No hope. No change. Minority shareholders continue to be crushed for the benefit of insiders. That's my forecast.
Let's see. Meeting in Scranton. Absolutely no one not employed by the company shows up. Meeting begins and then ends 120 seconds later, 200 seconds if they have a brief discussion. Shareholders find out the results of the meeting in the coming quarterly statement.
Move along. Nothing to see here.
Let's try some honesty. He's not trying. All of you assumed this was about the shareholders. Better days were coming. Truly sad. To paraphrase the late, great Rich Wood, 'De-Freakin-Plorable'. Guess which word wasn't freakin.
This is a stock to watch in the coming weeks. Like the price action a lot. Let's see if we get some nice follow through from the company in the next week or so.
It would be great if they could get caught up, get a clean report from OTC Markets, and re-engage with their shareholders. Coffee is a nice business with a lot of potential.