Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Shorts are non-existant
That's because of the numbers not being there yet...A few more steady quarters and things will be much different.
You can buy it on Amazon...I have.
GREAT NEWS! Loading up.
Another...Good Read:
Zack Gold shared a link.
September 15, 2017
SOUPQ BIGGEST REVERSE.MERGER OF THE YEAR? SERVING U FREE MONEY ON A PLATTER. READ POINTS BELOW AND BE YOUR OWN ANALYST BE YOUR OWN BOSS. ALL THE CLUES ARE HERE
ok here is what I dug up. some is old news. but look at the pattern.
Joseph Hagan, president of Gallant Brands, was a manager of WealthColony Management Group, LLC . Up till May , 2017. That is when Jeffery Freedman was appointed to his place. That was according to exibit 4, may 25, 2017. Here is the copy :
In May 2017, Joseph Hagan ceased to be a Manager of WealthColony Management Group, LLC
On May 25, 2017, WealthColony Management Group, LLC, as the General Partner of the Limited Partnership, delivered a letter to the Board of Directors of the Issuer on behalf of the Limited Partnership, requesting that the Board of Directors promptly (i) appoint Jeffrey Freedman and Patrick Guadagno as members of the Board of Directors and (ii) accept the resignations of Jamieson Karson and Ronald Crane as members of the Board of Directors.
then on june 2. as we know :
Restructuring
Phase I ?
WealthColony Management Group, LLC will work with other interested parties to establish and fund a new company (“Newco”) which will acquire all bulk wholesale (i.e., non-tetra/grocery) rights from the Issuer to manufacture and sell Soupman products, including sales to franchisees, convenience stores, national restaurant chains, retail merchants and food truck/carts for $1,000,000.
Soup management refused to sit down and work out a deal.
WealthColony Management Group, LLC concerns were :
?
The interests of the Board are not aligned with the interests of the Company’s shareholders and, in that connection, WealthColony Management Group, LLC noted that neither of the current Board members has made any significant financial investment in the Company but management has received substantial cash and/or equity-based compensation in recent years despite declining results;
?
The Board’s refusal to meet with representatives of WealthColony Management Group, LLC suggests that the Board has an agenda which may not include preserving shareholder value;
?
Recent events, including the arrest of the Company’s former President and Chief Financial Officer with respect to matters relating to the Company’s tax obligations, raise significant corporate governance and Board oversight concerns; and
?
The Board’s financing strategies in recent years have been detrimental to shareholders and have placed the Company in a precarious position, including the threat of a bankruptcy or insolvency proceeding.
WealthColony Management Group, LLC also advised that it is concerned that shareholders of the Company have been improperly diluted by reason of the Board’s inappropriate issuance of shares.
notice how wealth colony is concerned about shareholder value?
in August :
In August 2017, WealthColony Management Group, LLC (“WealthColony”) resolicited the consent of certain stockholders with respect to the removal of each of Jamieson Karson and Ronald Crane as directors of the Issuer and the appointment of Jeffrey Freedman and Randy Beller as directors of the Issuer.
On August 18, 2017, WealthColony transmitted a letter (the “ Delivery Letter ”) to Jamieson Karson, the Chief Executive Officer of the Issuer (the “ CEO ”) in which WealthColony delivered written consents pursuant to and in accordance with Section 228 of the General Corporation Law of the State of Delaware (the “ Written Consents ”), signed, in person or by proxy, by the holders of shares of Common Stock, Class B Convertible Preferred Stock and Class C Convertible Preferred Stock representing approximately 51% of the voting power of the Issuer’s outstanding capital stock, which percentage exceeds the minimum number of votes that would be necessary to authorize or take action at a meeting at which all shares of voting stock were present and voted
and was approved .
Then on sept 8, :
On September 8, 2017, Gallant Brands, Inc., an affiliate of WealthColony Management Group, LLC, completed the purchase of substantially all of the assets of the Issuer for a purchase price of approximately $6,700,000 including $2,000,000 in cash and approximately $$4,700,000 of indebtedness which was acquired from a secured creditor of the Company and credited to the purchase price.
From the very beginning wc, has been fighting for the shareholder value.
Joseph Hagan is part of the plan to put this together and restore the shareholder value. He was put in as president for a reason, ( former wealth colony manager) imo, I think we are going to be very happy.
$SOUPQ: Here's the Great Strategy behind WC few realize
I have a very good feeling they have some backers that are lurking in the scenes that haven't been deliberately disclosed.
What if Bobby Flay got involved........ Holy Crap.
He's a New York native with deep pockets and culinary prowess.
You just never know.
After all... they did mention in their letter that they have access to
capital if need be to fund the business. The star power historically
in this brand has been stellar.
They had Jason Alexander.
They had Shaq.
They had Baseball Players.
When the silent interested parties are revealed (after all they've done
their roadshow to pitch to these people) we will all be presently surprised.
Excitement is brewing.
$SOUPQ: Get to know JR-FreedMAN.... A Money Maker
Increased Revenues from $38Million to $700Million.
So he can increase SOUPMAN's revenues from $1.9Million/yr to $40Million/yr?
JR Freedman knows how to put together a Robust Business PLAN.
Allis-Chalmers merged with SeaWell in 2011.
http://archerwell.com/seaw-merger-with-allis-chalmers-ener…/
Who does Freedman wanna merge Soupman with ?
$SOUPQ: Also remember... JR-Freedman recapitalized Petro-River OIL
The guy is a Seasoned Veteran and Master Negotiator.
He knows what he's doing and his track record and reputation proceed him.
Ride those Coat-TAILS !!!!!!!!
SOUPQ KEY WORD RECAPITALIZED. Now JR FREEDMAN BUYS 66 MILLION SHARES, WITH HIS OWN PERSONAL money from all his hard work in the past, just to wipe out all HIS PERSONAL (not WC's money but his) money??? Yup whoever lets a washed up snake oil salesman sell him this pitch, you know the pitch that the WC crew bought 194 million shares of SOUPQ to make them WORTHLESS needs to come talk to me because i have some nice HUGE bridges to sell on discount. lol
$SOUPQ
http://wealthgenmgmt.com/about-us/biographies/
An old post RE: Soupman...
"It takes a year or longer and possibly over a million dollars to even attempt a Reverse Merger or IPO. Gallant Brands who controls Soupman is run by a Mister Freedman who bought 66,000,000 shares of SOUPQ/SOUP with his own money.
Why would the company let the SOUP ticker go?"
TD Ameritrade says 61M shares outstanding.
I agree with you just need some good news.
Short Volume is NIL, 38M traded today, something's brewing
My money is betting on the reverse merger so WC gets their money back.
yes strange, something is up, there is volume.
I just attribute it to people not knowing who and what the company was for way too long. Descriptions were still talking about EXOL, even now, it says we are in the retail food sector: SIC - Industry Classification 5812 - Eating places. EXOL had quite a following, and most have left.
The SNPW plans and the forward direction are there, we just need several quarters of growth.
I'm in, I just bought some more at .10 !
Just curious, were you in it as EXOL? What caused you to sell? I've been slowly accumulating, as I like the direction.
WC still owns tons of stock at today's prices.
WC reverse mergers into SOUP -- and the only thing in it is the stock.
The stock is out of BK and has a great product and competent management.
Their stock price rises past what they bought it for and they make money.
Pretty simple.
$$$$$
Not sure if you guys remember but for a short window after the BK cleared, SOUP (less the Q) was searchable on OTC and also through Ameritrade.
But then it disappeared when the non-disclosure came out.
Buy it, many great things are in the works
So where and how do reverse mergers get announced?
Getting ready for a big push, short volume is way down.
Getting ready for a push, short volume way down.
Exactly, LOL a missed email if you read it.
Pass-through...bill the customer
or
save the cost of collections, hence no cost
NO FAKE NEWS, NOT A GARBAGE STOCK.
Financials due I believe by the 20th
Morocco is real.
China is soon along with a Manufacturing deal.
Be a naysayer if you wish, but all of the news is good.
Financials are due soon as well
why fake and why will it go away?
it should be...not long ago we were in the .70's
An agreement with a Chinese firm to produce the units and rights to sell in China
it wasn't that long ago we were at .80, I'm buying more now at the cheap prices. A wise broker told me years ago, ignore your heart and average down.
That advice nearly always pays off.
I got 2M of 4's
yes, but many non-recurring Exo charges, read through it.
I don't think that we'll be able to clearly look at SNPW until quarterly's start showing as most of the 10-k reflects Exolifestyle. After reading through the 10-k, I don't see anything that would cause alarm, and where there are questions, it leads back to prior to Exol.
Bring it!!
They are still shareholders. I thought it was near 50% though. They could sell today. They own shares in the shell that is in final stages of BK. They could sell that debt-free shell and the shares to anyone, it does have value. and whoever they sell it to, the shares they own will only go up at these prices.
If they do a RM with Gallant, they still own their original shares and still own the SOUP that they originally invested in, but with "better" (in theory) management.
It makes way too much sense...Reverse merger preserves WC's shares and is a quicker and cheaper way for Gallant to go public. Gallant's stated mission was to buy the assets of Soupman. The only thing holding up a RM, is that the BK has to be done before a RM can happen with a CLEAN SLATE ticker.
Right now, it is a bankrupt shell, with only the shares as assets, as they sold off everything else BUT the shares.
It seems way too simple, I'm going to start loading.
Email response from Nick where I was asking about the stock price and possible news...
"We need more volume and eyes on the stock, Working on it also some new opportunities and press soon."
Also, Financials are due by the end of the month, and still many news outlets and brokerages still list them as Exolifestyle and a pizza maker. That BS confuses investors. I keep sending notes to TD Ameritrade, but it's like we are still in September of last year at EXOL
agreed to continue the process of due diligence
What about that statement makes you think that they are just starting DD??
.
Continue does not equal just starting
why, what happened?