"In order to be successful, you have to make sure that being rejected doesn’t bother you at all."
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I believe that most folks here are long term investors that are looking for deep value, and are willing to hold for more than 3 months. I am not expecting any major movement until we get at least one or two positive reports as in 10K and 10Q. But will add on any major dips until we get there. GLTA, traders and investors we need both to make this successful.
Yes Geo is the Man, I have been watching him for years, He came into IVFH when it was about .40 and he sold when it went to 1.75!!! He is now going back into at .40 again. I missed his call on CLGRF he turned me on to that one and I didn't buy it, I am not letting BWMG get away from me this time!!! GEODAN knows what he is doing!!!
$BWMG is the NEXT 10 Bagger!!! I added some more today The float seems to be locked up, very few sellers.
I picked some $BWMG today added to my position, This stock is very strong and a good value at this point still!!!
I agree, I added a small amount to my position at this level, was waiting to get in cheaper, but this stock seems very strong, and the float looks like it is going into stronger hands.
Nice Geo,I picked up a small starter position yesterday at .015 will be adding later. GLTA!
I am here to report the news that may not appear in in press releases, not to contest your pessimistic views. EOM
What's not to believe? He says that he has turned the company around and he says he has a new brand, and a new celebrity partner that he has not announced yet, see the May 13 tweet that he posted on Twitter. This looks very promising for IVFH they still own 10% of the company and, if the FD starts seeing profits, we should start seeing some payments from them. It may not be this quarter, but in the near future.
Twitter post sounds very promising, Looks like we may not have heard the last of the FD!
Zalmi Duchman
?@ZalmiD
Been working on some exciting new initiatives at @freshdiet can't wait to announce our newest brand and celebrity partner
Twitter Post, on The Fresh Diet...
Zalmi Duchman ?@ZalmiD · 19h19 hours ago
Fresh Diet CEO: Don't Listen To Outside Voices To Fuel Your Business | How I Made It | CNBC http://newsvideo.su/video/4551495
I agree he has even started paying off some of those high interest notes, that should help the numbers in the future quarters!
Promissory note payable to Alpha Capital in the amount of $469,010 dated November 6, 2015 bearing interest at the rate of 9.9% per annum. This note is unsecured, and became due December 6, 2015. During the three months ended March 31, 2016 the Company accrued interest expense in the amount of $9,525 on this note. During the three months ended March 31,2016, the Company paid principal and accrued interest in the amounts of $469,010 and $15,798, respectively, which satisfied this note in full.
469,010
Promissory note payable to Alpha Capital in the amount of $176,005 dated November 20, 2015 bearing interest at the rate of 9.9% per annum. This note is unsecured, and became due December 20, 2015. During the three months ended March 31, 2016, the Company accrued interest expense in the amount of $3,533 on this note. During the three months ended March 31,2016, the Company paid principal and accrued interest in the amounts of $176,005 and $5,490, respectively, which satisfied this note in full.
176,005
Innovative Food Holdings sees record sales
By Laura Layden of the Naples Daily News
Bonita Springs-based Innovative Food Holdings Inc. saw record sales in the first quarter.
The specialty food retailer reported total revenues of $8 million for the quarter, up 22 percent from $6.5 million a year ago, from its continuing operations.
With higher revenues, the company swung to a profit in the quarter. Adjusted earnings increased to more than $380,000, or 1.5 cents a share. That compares with a loss of more than $142,000 last year.
"We continue to see growing demand for our specialty food products offered by our platform. We are pleased with our top line and bottom line growth as they once again exceeded our internal expectations. As shown by the numbers, we have a unique platform, which has the ability to scale and accelerate bottom line margin with sales growth," said Sam Klepfish, the company's CEO, in an earnings call with analysts Monday night.
The company sells its products to consumers and to chefs. It distributes more than 7,000 specialty foods daily to thousands of chefs nationwide, a part of its business that has the potential to grow through its existing partners and new ones, Klepfish said.
In the quarter, he said, the company executed well on the top and bottom line. "We believe that our business has strong opportunities for growth in multiple markets and multiple market segments," Klepfish said.
The company paid off $660,000 of debt in the first quarter, and its inventory turnover continued to improve.
"We continue to focus on further improving our balance sheet and allocating capital to provide the best return for our shareholders," Klepfish said.
The company continues to explore stock buyback opportunities.
"Overall, based on the strength of our business, our working capital position and our improving asset mix, we currently anticipate a further improving balance sheet in 2016," Klepfish said.
Looking ahead, the company sees a strong opportunity for growth in the fast-growing specialty food market.
Shares closed at 53 cents on Tuesday, up 10 cents, on the Over-the-Counter Bulletin Board.
http://www.naplesnews.com/business/local/innovative-food-holdings-sees-record-sales-330b932d-5923-3385-e053-0100007f53a4-379868531.html
Innovative Food Holdings Reports First Quarter 2016 Financial Results
Specialty Foodservice Revenues up 22% to $8 Million
BONITA SPRINGS, FL -- (Marketwired) -- 05/16/16 -- Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry leading specialty food platform announced today financial results for the first quarter ended March 31, 2016. The Company will hold a conference call today May 16, 2016 at 6:30 p.m. ET to discuss the results.
Financial Highlights from Continuing Operations:
?Total Revenue of $8 million, an increase of approximately 22% compared to Q1 2015
?GAAP Net Income in Q1 2016 of $380,000 vs ($142,000) in 2015
?Fully Diluted GAAP EPS of $0.015 per share compared to ($0.007) in Q1 2015
?Cash EBITDA (EBITDA excluding stock related expenses) increased by over 90% to $857,000 vs $446,000 in Q1 2015
Sam Klepfish, CEO of Innovative Food Holdings, commented, "We reported record sales in the first quarter of 2016 and strong bottom line results, including $0.015 fully diluted GAAP EPS, as our business continues to gain momentum. In addition, Innovative Food Holdings is a leader in the direct to chef specialty food space with a highly profitable, highly scalable direct to chef specialty food platform. We strongly believe that the current stock price does not adequately reflect the potential of our business and our position within the fast growing specialty food sector. We look forward to continuing to focus on growing top and bottom line results with a goal of driving increased value for Innovative Food Holdings' shareholders."
First Quarter 2016 Continuing Operations Financial Results
Revenue for the quarter ended March 31, 2016 for specialty foodservice was $8 million, up approximately 22% as compared to $6.5 million in the first quarter of 2015. Adjusted net income (net income excluding amortization and stock related expenses) increased by over 87% to $781,000 vs $419,000 in Q1 of 2015. Adjusted fully diluted EPS (see table) increased by over 75% to $0.024 compared to $0.014 in the first quarter of 2015. Cash EBITDA increased over 90% year over year to $857,000 compared to $446,000 in the first quarter of 2015.
Conference call information:
Date: Monday, May 16, 2016
Time: 6:30 p.m. Eastern Time
Toll-free dial-in number: 1-888-481-2877
International dial-in number: 1-719-325-2429
Conference ID: 9194766
The conference call will be broadcast live and will be available for replay at http://public.viavid.com/index.php?id=119698 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
About Innovative Food Holdings Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers across the United States direct access to the highest quality specialty food products.
In the direct-to-chef foodservice market, Innovative Food Holdings' automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "anticipate," "believe," "intend," "plan," "might," "potentially" or "expect." The Company does not intend to update these forward-looking statements. Information about other parties was supplied to the Company by other parties and we accept no responsibility for its accuracy.
March 31
Continuing Operations 2016 2015
Adjusted Operating Income and EPS
Revenues 8,015,341 6,576,848
Net Income (Loss) 380,646 (142,947)
Amortization of intangible assets (1) 65,817 75,788
Amortization of discounts (2) 92,509 99,157
Stock Related Expenses (3) 242,605 387,073
Adjusted Net Income 781,577 419,071
Weighted Average Fully Diluted Shares Outstanding (4) 31,917,834 30,607,551
Adjusted Fully Diluted EPS (4) $ 0.024 $ 0.014
March 31
Cash EBITDA 2016 2015
Net Income (Loss) 380,646 (142,947)
Interest 39,140 9,962
Depreciation & amortization 102,176 93,527
Stock related expenses (3) 242,605 387,073
Amortization of discounts (2) 92,509 99,157
Cash EBITDA $ 857,076 $ 446,772
(1) Includes non cash amortization charges related to assets acquired
(2) Includes non cash amortization charges mainly associated with the GAAP recording of the discount on certain notes
(3) Includes stock and options based compensation and expenses
(4) Fully diluted adjusted GAAP EPS via treasury stock method without add-back to income for any expenses related to the converted or exercised securities
Management Contact Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Source: Innovative Food Holdings, Inc.
I am guessing that the 10Q will be released after the market close. Gives you a few minutes to go over the Q.
IVFH Sets First Quarter 2016 Conference Call for Monday, May 16, 2016 at 6:30 p.m. ET
May 13, 2016
OTC Disclosure & News Service
Innovative Food Holdings Sets First Quarter 2016 Conference Call for Monday, May 16, 2016 at 6:30 p.m. ET
BONITA SPRINGS, FL--(Marketwired - May 13, 2016) - Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry-leading specialty food platform, will conduct a conference call on Monday, May 16, 2016 at 6:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2016. The company will report its financial results in a press release prior to the conference call.
Innovative Food's management team will host the conference call, followed by a question and answer period.
Date: Monday, May 16, 2016
Time: 6:30 p.m. Eastern Time
Toll-free dial-in number: 1-888-481-2877
International dial-in number: 1-719-325-2429
Conference ID: 9194766
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
The conference call will be broadcast live and will be available for replay at http://public.viavid.com/index.php?id=119698 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
A replay of the conference call will be available after 9:30 p.m. Eastern Time on the same day through May 23, 2016.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 9294766
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
Contact:
Company
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
http://www.otcmarkets.com/stock/IVFH/news/Innovative-Food-Holdings-Sets-First-Quarter-2016-Conference-Call-for-Monday--May-16--2016-at-6-30-p-m--ET?id=131821&b=y
Twitter post sounds very promising, Looks like we may not have heard the last of the FD!
Zalmi Duchman
?@ZalmiD
Been working on some exciting new initiatives at @freshdiet can't wait to announce our newest brand and celebrity partner
I bet he is a good poker player, he keeps his cards well hidden. I hope he's holding a few aces for us.
I concur that would be the logical move for Sam and the board to do! Shareholders are losing faith in the board.
I was going to ask a question about the buy back of shares, but the call ended before I could ask a question. I would say with todays volume that Sam has started some buying?
From the March 1st PR...
I think we are in good shape for the future, now that the FD is behind us.
http://portal.geoinvesting.com/companies/ivfh_innovative_food_hldg/research/research/0058826
Innovative Food Holdings Sets Full Year and Fourth Quarter 2015 Conference Call for Thursday, March 31, 2016 at 8:30 a.m. ET
BONITA SPRINGS, FL--(Marketwired - Mar 23, 2016) - Innovative Food Holdings, Inc. (OTCQB: IVFH), an industry leading specialty food platform, will conduct a conference call on Thursday, March 31, 2016 at 8:30 a.m. Eastern Time to discuss its financial results for the full year and fourth quarter ended December 31, 2015. The company will report its financial results in a press release prior to the conference call.
Innovative Food's management team will host the conference call, followed by a question and answer period.
Date: Thursday, March 31, 2016
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 1-888-359-3624
International dial-in number: 1-719-325-2361
Conference ID: 3411377
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.
The conference call will be broadcast live and will be available for replay at http://public.viavid.com/index.php?id=118802 and via the investor relations section of the Innovative Food Holdings website at www.ivfh.com.
A replay of the conference call will be available after 11:30 a.m. Eastern time on the same day through April 7, 2016.
Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay ID: 3411377
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
Contact:
Company
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
Source: Marketwired (March 23, 2016 - 8:30 AM EDT)
http://stocknewsnow.com/companynews/83759619/IVFH/101843
The Best Meal Delivery Services in NYC, Ranked
http://www.purewow.com/food/The-Best-Meal-Delivery-Services-in-NYC-Ranked
A post I liked from Zalmi the new owner of The Fresh Diet.
Zalmi Duchman ?@ZalmiD · 1h1 hour ago
I wondered why grocery stores hadn’t taken on Blue Apron. Perhaps because they hadn’t met Gerry Hays https://www.pando.com/2016/03/02/i-wondered-why-grocery-stores-hadnt-taken-blue-apron-perhaps-because-they-hadnt-met-gerry-hays/b11ade1ca418d3a945967334863e95d9d447563b/ … via @pandodaily
https://pando.com/2016/03/02/i-wondered-why-grocery-stores-hadnt-taken-blue-apron-perhaps-because-they-hadnt-met-gerry-hays/b11ade1ca418d3a945967334863e95d9d447563b/
Innovative Food Holdings Announces the Sale of The Fresh Diet
BONITA SPRINGS, FL--(Marketwired - Mar 1, 2016) - Innovative Food Holdings Inc. (OTCQB: IVFH), an industry-leading specialty food platform, has announced the sale of its wholly-owned subsidiary, The Fresh Diet, Inc., to New Fresh LLC, which is backed by an investor group led by Fresh Diet founder Zalmi Duchman.
In the transaction, which closed on February 23, 2016, New Fresh LLC acquired 90% of the outstanding shares of The Fresh Diet from Innovative Food Holdings with Innovative Food Holdings retaining a 10% position in The Fresh Diet.
Under the terms of the transaction, Innovative Food Holdings agreed to restructure its loans to The Fresh Diet so that the loans are due in 5 years (unless earlier converted or otherwise accelerated) and payable under certain scenarios in either cash or stock of The Fresh Diet.
As a result of the transaction, The Fresh Diet's financial results will be deconsolidated with Innovative Food Holdings and a onetime non-cash charge, including the write-down of goodwill associated with The Fresh Diet, will be taken in the 4th quarter of 2015. In addition, the value of Innovative Food Holdings' ten percent equity position in The Fresh Diet, and the value of the notes owed to it by The Fresh Diet will be carried on Innovative Food Holdings' balance sheet as an asset, at fair market value.
Sam Klepfish, CEO of Innovative Food Holdings, commented, "While we continue to believe that The Fresh Diet represents a unique platform within the fresh food space, it became abundantly clear that, due to a variety of factors, including several key capital markets considerations, The Fresh Diet's optimal route to growth and success was through a new ownership structure. Prior to entering into the transaction with New Fresh LLC, we evaluated numerous options with respect to The Fresh Diet, including discussions with several potential buyers for The Fresh Diet and ultimately we believe that the sale to New Fresh LLC provides the best opportunity for The Fresh Diet to succeed and to provide potential value to Innovative Food Holdings' shareholders. We at Innovative Food Holdings wish Mr. Duchman and his team at New Fresh LLC well as they start a new chapter at The Fresh Diet."
Mr. Klepfish continued, "We now enter a new chapter for Innovative Food Holdings. We strongly believe in the strength of our core specialty food business which continues to set record sales and continues to drive bottom line growth. We have a great team of foodservice professionals on the specialty food side of the business who have continued to execute flawlessly over the last several years, including, specifically the last 18 months. We are focused on growing the business even further and to providing value for Innovative Food Holdings' shareholders. In addition, we are pleased to announce that we had record revenues from our core chef business in FY 2015."
Mr. Klepfish concluded, "We continue to believe that our shares are undervalued, therefore, as previously disclosed, we have allocated up to $1 million for a stock repurchase program. We intend to begin implementing this buyback upon reporting our FY 2015 financial information at the end of March, and throughout 2016 as market conditions permit."
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (OTCQB: IVFH) industry-leading specialty food platforms in the foodservice market provides chefs across the United States direct access to the highest quality specialty food products.
In the direct-to-chef specialty foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods, which are delivered daily to thousands of chefs nationwide. To learn more about Innovative Food Holdings, visit www.ivfh.com.
Important Cautions Regarding Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the "Company") that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "should," "could," "anticipate," "believe," "intend," "plan," "might," "potentially" or "expect." The Company does not intend to update these forward-looking statements. Information about third parties was supplied to the Company by third parties and we accept no responsibility for its accuracy.
Pro Forma
De-consolidation Cash EBITDA Nine Months Ended Sept 30 2015
Net Income (Loss) (163,842 )
Equity related expenses (1) 1,729,293
Interest on Notes Payable 47,146
Depreciation & amortization of certain assets (2) 273,671
Amortization of discounts(3) 396,678
Cash EBITDA * 2,282,946
(1) Includes non cash equity related compensation and expenses
(2) Includes amortization of certain intangibles
(3) Includes non cash amortization charges mainly associated with the GAAP recording of the discount on certain notes
* does not include any adjustments for one time charges and expenses related to Fresh Diet activity by Innovative Food Holdings
Contact:
Company
Ronit Wallerstein
Investor Relations Analyst
(718) 645-1755
Email Contact
http://finance.yahoo.com/news/innovative-food-holdings-announces-sale-133000124.html
Todays 8K sounds good to me, I wonder who is the buyer of this transaction and what will be the price this should inject some value back into the stock! Good job Sam!
As previously announced on November 12, 2015, we have been working to implement a spinoff of our wholly owned subsidiary, The Fresh Diet, Inc. Subsequent to the announcement regarding the spinoff, discussions were initiated by several potentially interested parties with respect to acquiring our wholly-owned subsidiary, The Fresh Diet, Inc.
After evaluating the various offers and weighing them against the spinoff and other options available to The Fresh Diet, we determined that one of the offers was most likely to maximize value for shareholders. Accordingly, on February 9, 2016, we entered into a letter of intent to sell a controlling interest in The Fresh Diet. The terms of the letter of intent contemplate the closing of the transaction within 21 days and, upon closing of the transaction, Innovative Food Holdings will own a non-controlling interest in the outstanding shares of The Fresh Diet. Accordingly, upon closing, the financial statements of The Fresh Diet will be deconsolidated with Innovative Food Holdings’ financial statements and our equity interest in The Fresh Diet will be carried as an asset on Innovative Food Holdings’ balance sheet.
We can give no assurance of any kind that the transaction will be completed. At this time, we no longer intend to spin off The Fresh Diet as we pursue this transaction.
Not I, Sam has not been good at returning my calls for a while now? I still have faith that he is going to do the right things for the shareholders, but as the PPS goes down I see less options that he has. Just my opinion. BTW I picked up a few more shares at these bargain basement prices this week, was that foolish of me, or smart I don't know, I'm guessing that we should find out in the next couple of months.
We need something to stop the pain here! January almost over no updates?
From November's 8K...
Zalmi Duchman ?@ZalmiD · 10h10 hours ago
I tried the $109 per day diet that many Victoria's Secret models use http://read.bi/1NggJVO via @BI_RetailNews
Maybe they should try the Fresh Diet Program a lot cheaper and should be healthier too. I guess there is a lot of competition out there, gives the consumer more choices.
Artisan Specialty Foods Launches New 28,000 sf. Specialty Foodservice Distribution Facility
New Facility Expands Local and Farm-to-Table Specialty Food Offerings
http://stocknewsnow.com/companynews/81125042/IVFH/101843
Tax loss selling before the special dividend announcement seems a little risky to me.
Plus I would like to see an update on this CC statement...FreshDiet pilot ongoing with "fairly large entity," started 2 weeks ago
The Fresh Diet to Participate at the LD Micro Investor Conference
BONITA SPRINGS, FL / ACCESSWIRE / November 30, 2015 / The Fresh Diet Inc., America’s leading fresh meal delivery company and wholly-owned subsidiary of Innovative Food Holdings (IVFH), has been invited to participate at the LD Micro Main Event investor conference being held December 1-3, 2015 at the Luxe Sunset Hotel in Los Angeles, CA.
The Fresh Diet’s management team is scheduled to hold one-on-one meetings at the conference on December 2-3, 2015.
For more information about the conference or to schedule a one-on-one meeting with The Fresh Diet’s management team, please email IVFH@liolios.com.
About LD Micro
LD Micro is an investment newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published reports on select companies throughout the year. The firm also hosts the LD Micro Invitational in June. It is a non-registered investment advisor. For more information, please contact (408) 457-1042 or visit www.ldmicro.com.
About The Fresh Diet, Inc.
The Fresh Diet provides the most convenient way to maintain a healthy lifestyle without giving up the simple joy of eating fresh, delicious food. The plans include three meals and two snacks a day, a caloric and portion-controlled formula, variety with over 2,200 gourmet meals, access to nutritionists, and doorstep delivery five days per week. The Fresh Diet’s chef-prepared meals are nutritionally balanced and never frozen, freeze-dried or vacuum packed. The Fresh Diet currently delivers to 44 metropolitan areas and over 570 cities and towns across the United States. To learn more about The Fresh Diet, visit www.TheFreshDiet.com.
About Innovative Food Holdings, Inc.
Innovative Food Holdings' (IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.
In the direct-to-chef foodservice market, Innovative Food Holdings' fully automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty foods delivered daily to thousands of chefs nationwide.
In the direct-to-consumer channel, Innovative Food Holdings also owns the leading last mile specialty food direct-to-consumer platform in the United States, creating and delivering daily meals, freshly prepared by chefs at Company-managed culinary centers across the United States. The initial offering on the platform is The Fresh Diet (www.TheFreshDiet.com), America's leading, freshly prepared nutritional and diet-based meal delivery program.
Investor Relations
Liolios Group, Inc.
Cody Slach or Sean Mansouri
(949) 574-3860
IVFH@liolios.com
SOURCE: Innovative Food Holdings, Inc.
In ‘Overcrowded’ Food Delivery Market, Venture Capitalists Are Still Hungry for More
http://www.bloomberg.com/news/articles/2015-11-23/in-overcrowded-food-delivery-market-venture-capitalists-are-still-hungry-for-more
Some very interesting trades today, institutional, conversions, buybacks, I wish I knew what these trades were, and who did them. Could get interesting here.
IVFH is starting to get some eyes on it.
Geo, I understand that is your opinion and you have a right to disagree. That what message boards are for, to get a sentiment of others investors views of a company. To find out who is right or wrong, only time will tell. I know you are a good trader and made some nice coin on this company in the past. I wish nothing but the best for you, and it is good to have your opinions on the board. But I am still sticking to my opinion as I posted in post #17643
GLTA!
The FD was not a mistake that is why they are holding on to 19% of the company, he just gave them free range to raise capital on their own and to take them off their books. He put them in a position to fly on their own now. It's like putting your kids out the house after putting them through college and giving them some guidance. They need to fly on their own now. I think that the Fresh diet has more potential for growth than IVFH, and so does Sam that is why he is holding on to part of the company.
I listened to it twice, he sounded very positive on both businesses, I like the part where he said that he is working with a large entity, that could have large growth for TFD also.
BTW this spin off is going to be very complicated especially with the warrants and convertible bonds. One thing is for sure if they exercise the warrants that will bring in about 1.5 mil straight to the bottom line, and the conversion of the bonds is going to reduce the debt. So it will be a give and take to the benefits of those transactions. I am not going to speculate on that right now, as mentioned before it will be complicated.
I guess patience is the key here, Sam is a good negotiator, I hope he can make the best deals for the shareholders.
GLTA!!!
From Twitter post...Neil Cataldi ?@neilcataldi · 57m57 minutes ago
$IVFH on CC last night noted @FreshDiet pilot ongoing with "fairly large entity," started 2 weeks ago. Co is spinning out Fresh Diet in 1Q.
I agree it could have been much worse for IVFH. Now FD is free to raise it's own funding, and IVFH is can get back to profitability without funding the FD. I think it's a win-win for all. Plus we all get the free dividend of shares of the new FD!
Why would an institutional investor put up one million in funding for a stake in the Fresh Diet, if they didn't see promise and value here. I like this deal if they like this deal.