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Saw your msgs but cannot post as am not premium member, just figured you'd like to know...
I am member of board though (Friends)
Yes, this is "OFF-TOPIC"
And what are you gonna do when it drops 10%? Are you gonna sell out and run or you gonna do what we did in Seaway and hope it bounces only to watch every bit of it go down the drain?
I do not need the risk of putting money into this. Could it double? Possibly! But it could just as easily go to 0 before you decide to get out with your loss... You do remember seaway don't you?
Well, at the same time Tom Scozzafava was talking about future dividends and intrinsic value in SEVA he was diluting the shareholders to death and reverse splitting them. Taking the company FROM a fully reporting OTCBB to pink no informationm where it sits today
He took HCKI from wanting to turn it into a "FULLY REPORTING" Company with 12 department stores to a diluted pig with 0 stores from liquidation & bankruptcy
My point is... Actions speak louder than words do!
Tom Scozzafava's shell...
The OS can grow at any time
The AS can grow at any time
The float can grow at any time
And of course there could be "preferreds" given away to friends and family that don't reverse split like the rest of the shares...
Dilution machine just hasn't kicked in yet, give it time and in the meantime see Tom's other stocks SEVA (parent here), HCKI (lost their only business in bk)
Who knows, maybe Tom's planning on writing off tons of assets and bringing Chinese banks under the shells since they will have such a LOSS to carry forward... (LOL)
With the extreme dropping on very low volumes (like this morning) and then larger buys tells me someone is holding this back for a reason.
I mean... who sells 26k at the bid then ups the bid? Still holding 1.6 mil shares and ready to go, need a double to break even! GO EVRN
Hmmm, seems brownbagbakery was an operating co of NHSP although was not part of what was "SOLD" to SEVA... Of course no one really knows what happened because half of what was sold was "given" back and SEVA only kept the debt, courtesy of Mr Scozzafava!
http://www.manta.com/c/mm528sg/brown-bag-bakery
Company Contacts
Is this your company? Claim This Profile
Gary Baker
President Search for more contactsBrown Bag Bakery Business InformationLocation Type Branch
Annual Sales (Estimated) $1 to 2.5 million
Employees (Estimated) 20 to 49
SIC Code 546102, Bakers-Retail
NAICS Code 311811, Retail Bakeries
Products, Services
and Brands Information not found
AND ALSO
http://investorshub.advfn.com/boards/board.aspx?board_id=11727
NORTH COUNTRY'S LEADERSHIP TEAM:
Principals in North Country HospitalityEnterprisesincluderestaurant owners, managers and chefs with over45 yearsofcombined experience. In addition the commercial bakeryhasbeenoperating for over ten years. Master bakers andbakerymanagershave over 50 years of combined experience.
Christopher Swartz is Chief Executive Officer andChairmanofNorth Country Hospitality Inc. Mr. Swartz has been thepresidentofpublicly traded companies specializing in restaurantsandrestaurantchain acquisitions for over 10 years.
Gary Baker is Chief Operating Officer ofNorthCountryHospitality. Mr. Baker has managed industrial plantsandbakeriessince the early 1970's. His vast understanding oftherequirementsfor delivering premium and 'fresh-daily'bakeryproducts hasstreamlined Brown Bag Bakery into a successful,andgrowth orientedbusiness.
Stephen Flynn, Senior Vice President of Distributionhasownedand managed the Sackets Harbor Brewing Company,SacketsHarbor BrewPub, Good Fellos Restaurant and the SacketsCantina forover 10years.
Errol Flynn has also been a minority owner in.SacketsHarborBrewing Company, Sackets Harbor Brew Pub, GoodFellosRestaurant andthe Sackets Cantina for over 10 years. Mr.Flynn'sdetailedexperience in managing multi-million dollarcorporateenterpriseshelps guide North Country's course for growthandcontinuedprofitability.
Michael Kilburn, Director of Finance, hasoverseenthefinances of restaurants and multi-unit concepts since1996.
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So another words they sold NHSP , etc) and started a new bakery fresh from the oven!and then stripped the assets out of it to ole Tommy Boy (contracts
No, that was the shell ALRN/HBWO
And on to the comments
Swartz, Scozzafava, what's the difference? When you lie down with dogs don't be surprised if you get up with fleas!
They are both a couple of slez bags who take GOOD businesses and truly do RUN THEM INTO THE GROUND!!!
Jreck had built up a good reputation in the local community after Swartz senior dragged it through the mud back in the 1990's then Swartz junior got his hands on it and sucked it dry! The apple dosn't fall far from the tree! This one will end up in federal prison too!
By maryann fish Wed., Dec. 22 at 8:07 pm
I want to say that I agree with the comment regarding Mr. Swartz. But I also don't trust Mr. Baker or Mr. Patterson anymore than I trust Mr. Swartz. I think it is a shame that they are doing this to their employees. I know this first hand. Mr. Swartz, Mr. Baker and Mr. Patterson took a business and ran it in the ground. I don't blame Mr. Scozzafava and the company he represents for taking JRECK and the 3 of them to court. WAY TO GO MR. SCOZZAFAVA AND SEAWAY VALLEY CAPITAL!!!! I APPLAUD YOU!!!!
By Tom Roberts Wed., Dec. 22 at 10:10 am
I can't believe I wasted 5 minuets reading this. I want my time back.
By mrman Wed., Dec. 22 at 8:36 am
Swartz is a lying crook. From what I have heard he can't get rolls at Alteris because he didnt pay his bill, so he had to get them from somewhere else. I wouldnt believe a word that comes out of his mouth! He says whatever he has to say to make himself look good. Give me a break on pulling some other agreement out now only 6 years AFTER the fact??? Sounds like he printed it up on his computer last week!
By WDTComments Wed., Dec. 22 at 8:05 am
I find it rather amusing that a Scozzafave could, or ever WOULD have the audacity accuse ANYONE ELSE of wrong doing!
I guess at LEAST one of those I could not agree more with!
http://www.watertowndailytimes.com/article/20101222/NEWS03/312229976
Alteri parent companies file lawsuit claiming Jreck violated agreement
2002 PACT: Bakery seeks to be reinstated as exclusive supplier of rolls
By BRIAN KELLY
TIMES STAFF WRITER
WEDNESDAY, DECEMBER 22, 2010
ARTICLE OPTIONS
A A A
The parent companies of Alteri Bakery Inc. claim in a lawsuit that Jreck Subs Inc. is in violation of an agreement requiring the sandwich maker's franchisees to buy all of their rolls from the Watertown business.
Seaway Valley Capital Corp. and North Country Operating Corp., both of Sackets Harbor, filed state Supreme Court action Tuesday at the Jefferson County clerk's office against Jreck, Watertown, New York Bakery Inc., Syracuse, and three Jreck officers, Christopher M. Swartz, Daniel R. Patterson and Gary P. Baker.
According to court documents, in order to provide a consistent roll to all of its franchisees, Jreck entered into an agreement in April 2002 with Pastry Product Producers LLC to supply rolls to all Jreck shops within the state for 30 years. Alteri's is the successor to Pastry Product Producers and therefore is the beneficiary of the contract.
The action claims that Mr. Swartz has a controlling interest in Jreck and that at one point, either personally or through companies he controlled, he had an ownership stake in Alteri's until Seaway Valley Capital's subsidiary, North Country Operating, bought the bakery in 2008.
Seaway Valley Capital, whose CEO is Thomas W. Scozzafava, claims that Mr. Swartz "specifically represented" that the 2002 supply agreement was the operating agreement for Jreck franchises in the state.
Mr. Patterson, who is Mr. Swartz's father-in-law, became an Alteri's employee in July 2007. In March, he announced he had resigned as an officer of Alteri's and had become president of Jreck. In May, Jreck allegedly stopped ordering rolls from Alteri, instead using New York Bakery, a vendor with which it had a longtime relationship.
Seaway Valley Capital claims Alteri's operated under the supply agreement from 2007 until May without incident. When it sent a letter to Jreck opposing the vendor change, it is alleged that Mr. Swartz said there was a 2004 "cross-licensing" agreement made with other entities that superseded the 2002 supply agreement.
Seaway Capital Corp. claims that the 2004 agreement was never disclosed and that it never learned of the second agreement until it received a letter from Jreck attorneys Dec. 8. Mr. Scozzafava said he certainly would recall a second agreement that could jeopardize about 40 percent of Alteri's business.
"We didn't know about it," Mr. Scozzafava said. "If that one superseded the one he did give me, why did he give me the first one? Why would we have ever pursued a lawsuit if I knew there was another agreement?"
Mr. Swartz claims the agreement was included in all closing documents on the transaction and referred to in several other documents. He said the transaction was conducted using securities attorneys with "all specific disclosures made."
"Everybody knew about the '04 agreement, and to say they didn't know about it is blatantly not true," Mr. Swartz said. "It certainly should not be a surprise to anybody and, if it is, they should have done their due diligence and not been surprised."
Seaway Valley Capital maintains that representations made in 2007 and 2008 by Mr. Swartz and Jreck regarding the supply agreement were "essential" to the Alteri's purchase, as well as various other businesses owned by Mr. Swartz. Seaway Valley Capital claims that if it had known of the 2004 agreement, it never would have acquired Alteri's. It estimates Alteri's has lost more than $200,000 in profit because of the change in vendors.
Mr. Swartz said Alteri's is still an "approved" vendor for Jreck and Jreck still buys about 50 percent of its rolls from Alteri's, but the company began looking for alternative vendors because it became "concerned about the financial viability of Alteri's" and wanted to ensure itself of "a consistent flow of product" for its 40 restaurants.
"We don't want to hurt the bakery itself or its people, but we have a fiduciary responsibility to our franchisees," he said. "We have to have additional approved suppliers."
Mr. Scozzafava counters that Mr. Swartz is "trying to kill off Alteri's" by telling Jreck franchisees that the bakery "is going under."
"He's clearly trying to create a self-fulfilling prophecy," Mr. Scozzafava said. "He ratcheted up the liabilities of Alteri's Bakery before he left and now he's trying to ratchet down the revenues."
Mr. Swartz said Alteri's owes Jreck money and Jreck did everything it could to improve the business's financial situation.
"We still continue to try to help them," he said.
Seaway Valley Capital is asking for injunctive relief ordering Jreck to direct its franchisees again to buy rolls exclusively from Alteri's while the legal action is pending. It also asks that if the 2004 agreement is found to be valid, then damages be awarded to it for the loss of sales and profits and the assumption of "significant" debts, which it claims were incurred when Alteri's was being operated by Mr. Swartz, Mr. Patterson and Mr. Baker, a longtime Jreck employee.
Please do not reply about items such as this "Wow, someone didn’t like the opinions that were expressed by me and a couple of others." and your posts would not be deleted.
Make your post about the company, not bans, other shareholders, deleted posts, etc.
There is NO ONE deleting the posts to try to pump as we (even the mods) have lost all our investment in it with no outlook of getting it back! I consider mine a total loss and don't want others to get sucked into investing by a few PR's, but, I still have to abide by the rules on iHub.
Glad I picked some up yesterday at 3.07 & doubled up at 3.35!
Woohoo, green in my acct is always good!
Picked up a few more at 3.35!
By TS & family getting out from under their failing Wisebuys and living high on the hog a couple years out of it?
Yep, glad I bought some at the start of day today!
It's a Tom Scozzafava stock like SEVA & HCKI... His sister is a politician. This alone should give you the families character!
his stock HBWO (our subsidiary) just had news today. Look at the volume and pps drop? LOL - now he's working on making his living from that one!
The guy should be in jail!
What's your feelings on this now? Someone is dumping without regard to pps.
You might wanna wait, this one is the gift that keeps on giving! The longer the hold the bigger the loss you can claim! Woohoo! Go Tom...
Look, I am just an ordinary shareholder here. I don't have a hundred million shares (1.66 million to be exact) but I can probably try to help you out with a few of your answers.
Why hasn't the company filed financials? I used to question this one until I was really thinking about it. Last time the company filed financials, they definitely weren't the best which in part caused a drop from around .01 to around .001! Would you want to file your financials looked a little better? When will this be? I don't know, but at least in this case no news is good news right?
As far as the company not answering you. Are you sure your account isn't automatically going into a spam filter or? Think about what type email account you're using. Is is possible? There are a number of us who have received replies, yet you don't? Are you an @hole in you email?
You know they could PR with pictures of a great big factory/warehouse, they could have pictures of their product going down the production line. That doesn't make us the big bucks! That causes a short term spike which is usually followed by a company duming shares on us then informing us the building was purchased out from under, etc! Be glad the only thing the company is focused on right now is selling veggie dip and not shares!
No one can say the company is diluting us to death, for god sakes look at the daily volume! The company does need the pr's and shareholder awareness, but NOT until it can sustain any rises!
Eh, never had a chance to stop in. I will try to do it tomorrow as I have to take off from work anyway to ship a clutch off.
I will let you know what I find!
Oh, I believe he did something illegal, I believe he planned this from the beginning to rob shareholders, only hard part is proving it as he did cover his back very well
And none of these have been on-topic and/or the posts deleted were deleted due to vulgarity (these may not have been yours, but I did go back and look at your deleted posts and some others)!
Go look at what you had posted and if on-topic, then ask to have it restored.
If you keep this on-topic regarding Tom & how he took millions in wealth from his shareholders (no empty bottles and whinos) your post would stay. This has to be regarding Tom or his companies! If we start getting 60 random posts a day in here with absolutely nothing to do with the stock, this may get more eyes on it and some other poor soul may buy in and lose money!
How do you figure this?
And I could set up a lemonade stand on the corner & make revenue. Revenue is nothing unless you're making MORE revenue than what expenses are!
Are you stating this is worth $20 million if they lose $1 million a year on $250k revenue?
Would it be better for the Company to be spending $20k/month of shareholder money for nice cushy office space when they do not have to at the moment? The company is a startup, it's not a BS plan to rob shareholders like most pinks!
At least the company is doing some selling of something other than shares. Go look at some of the pink scams and you'll see exactly what I am talking about. They live the high life while the shareholder gets reverse split multiple times
It really ticks me off to see the Fed Reserve was loaning JPM money before Tarp started and JPM was able to use that money to buy Wamu. Why couldn't Wamu have been loaned to, everyone else was. Everyone outside of Lehman's anyway!
Jeez, they loaned money to foreign Govts, foreign banks, large corporations, etc. What in the world would Verizon need to borrow cash for ? Most of the money JPM borrowed on 9/22 probably went to short Wamu the rest of the way out of existance.
If it does get "It's day" as you say, you'd be smartest to get out on that day because the next it could just very well look like the rest of the CEO's stocks!
In regards to what you said
1) Despite their best effort to look the other way the SEC and other Federal agencies are being forced to do their jobs in this arena so there actually is the threat of repercussions for illegal activity, and; The SEC is a joke and doesn't go after someone until AFTER they've robbed thousands of people of their money and most of the time it's because it's "unregistered" shares being sold and the SEC isn't getting their fees. So long as these companies such as Tom's shells SEVA/HCKI & others go the legit way of just reverse splitting and paying their fees, there is nothing really against the law, just legal theft from the hard working person!
2) People are going crazy. Every week you read about someone losing a job and showing up at work later with a gun. It's just a small step from that to having a failed investor track down and murder someone they suspect wrongfully deprived them of their investment funds. There are people that go back into work with guns, yes, but 99.995% of the time those people have never had shares of anything in their life. There also may be other circumstances that you don't hear about outside of them losing their job. Take a look at the JPM/Washington Mutual fiasco. No one from JPM's been shot even though they were able to steal hundreds of billions!
This guy could not give a crap about his shareholders as he's only used them as a piggy bank and to get him out of his failing businesses such as Wisebuys - I've been in SEVA from when he first took over the shell there and saw every BS pump job PR's, twisting of the truth, outlooks, etc. I will stay far away from anything this CEO has his hands in.
how about the federal reserve or treasury?
I have a whole foods within 10 minutes of my job but have never been in there to find out if they carry. I will make a point of taking off to lunch tomorrow and checking to see if they stock it locally (Indianapolis, IN). If they do stock it, I will take pix!
Talk to you all tomorrow as I'm outta here for today!
Yeh, I've tried getting the numbers from the TA with no luck, they just state you have to call the company who doesn't answer your question about it.
I have gotten replies each time I sent an email so you may want to re-send. I do not believe colorofmoney is BS'n about hearing back from them as I myself have heard back. I do not feel like this is a scam, I just feel management needs someone to hold their hand and help run the business as it should be ran. If this were a scam, everyone from WalMart to KMart would be "begging to have Nature's Peak on their shelves" and we'd be rs already (twice). We have verified Nature's Peak is on some Whole Foods store shelves (verified by members here) so it's only a matter of time growth starts climbing as everyone says the product is fantastic.
You have the email addressing correct?
roppenheimer@corebusinessone.com
and
paul@naturespeak.com
I have actually received replies back each time I've sent an email to them. I was polite with my inquiries both times so if you haven't been maybe change your opening line?
Robert's phone number is 415-383-5280 if you can't get through with the email & you have some questions you need answered outside of "When the is the PPS going to double so I can get out". I'd bet if a shareholder comes out attacking right off there would be no reply. Of course, please try to find the OS/Float levels for me if you do call/email as each time I've gotten a reply this issue has been skipped in the replies :)
I agree totally with both counts. There should not be continous pumping. The company is not only lagging on their marketing, but also on their shareholder updates and filings.
Why? I do not know why. I'd really like to find out and it's not worth me dumping my shares at this level to get out as once we break .0025 it's a real quick ride to .007 !
The AS here is 950 million, last I was aware the float was 360 million and not "that many" shares have changed hands to have it maxed as there were many restricted shares Outstanding. Let the company do their job, let others do their DD. If this were a scam you'd already have been reverse split twice by now and have a PR every week about how great business is going. They are trying to grow their business, which in itself takes time and money. You can't go buy a stock and watch it double the next day every time you look at a stock! if that were the case, we'd all be millionaires
I have gotten replies on emails a couple times from both Robert/Paul. They were very nice in the email, the only thing they didn't give me is one of my requests such as OS/Float counts.
This thing isn't dropping any more than it's sitting at right now. Pretty much bottom and going to stay here until there are new buyers coming in! Needless to say, I'm sure it will be a while before I get out of the hole, but if you really want to save others, there are thousands of pump job scams going on every minute when NO ONE is pumping this thing. Those that do their DD & buy in here, isn't because of a pump job, that's for sure!
There hasn't been billions of shares sold at .001 or less, it's down on lower volume and just doesn't have any demand at the moment.
If the Co gets their heads out of their ..... then this thing will go back up quick to your .007+, but it definately won't if you do nothing but knock them on msg boards! This is a place for information and discussion about your investment, not a place to just sit and bash and run off anyone looking to buy! I do think management needs to open up to shareholders, hopefully colorofmoney can use his inside connections and get something done with that. I'd like to see OS/Float publically available & the company to get their filings up to date!
Do you own any shares here? It is obvious this company isn't like most pinks and not trying to build their product. If they were only concerned about selling shares, why not a PR 2-3 times a month? We have heard little, but at the same time we've heard a lot.
The company has their foot in the door at Whole Foods. They should be opening more doors soon so sit back and watch my money grow!
1,660,000 shares held at this time - 1/2 from above .02 so do not think I am just pumping like crazy as I've said very little, just wondering how you came up with your complaints? Everyone that has tasted the dip likes it!
Hmmmm, I'd have to differ on opinion. All it takes is a phone call from someone "important" for Judge Waldrath to decide Wamu's fate in whichever way they decide. You have to remember, we the sheeple of the United States believes anything we're told. What missle was shot off the coast of LA? Hmmm, the Govt says they do not know what it was, that it was not a missle, so it must have been a plane and yet every American sits back and says "Ok, Plane, even though it looked more like a missle". Who's missle? Who knows. But that was NOT a plane, just like Wamu's takedown was not an accident. They not only took down Wamu, but the economy as a whole in the incident. $300 billion in assets for $1.9 billion? Hmmm. But, like the story goes, even if JPM were found to be doing wrongdoing, it would be some flunkie they would set in front of the AG and JPM would only pay a small fine as they're doing with this current criminal investigation of ripping off municipalities. Think how many hundreds of millions they stole, yet they will get off with couple million dollar fine and a couple of nobodies in jail.