Reading about the Woozle effect....
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I believe that Doug MacAfee heard of Mama's Direct for the first time when I called Sous Vide yesterday. I notice that he incorrectly called it "mama's kitchen" in the first email he sent you. You'd think he'd know the name if it was very familiar.
Be very careful believing what some here may say. I did some more research earlier today and learned the following:
Patent was assigned May 26, 2012 to JSW Lending, Inc.
JSW Lending, Inc was registered in NEVADA on March 23, 2012.
Its officers are Michael Johnston, Stanley Smith and Rufus Wolff.
Get it? JSW - Johnston, Smith, and Wolff. The address of Johnson & Associate, CPA, of Little Rock, Arkansas is the address of record.
Not JRW Lending as in James R. Wheeler.
Not Mama's Direct.
Not Papa Bello Enterprises.
And there are no connections that I can find between Jim and JSW Lending. What the relationship is between SousVide Supreme and JSW Lending is unknown, but Doug's response: "The patent belongs to us alone, no one else."
And however others appear to be spinning this, Doug's second email seems quite unequivocal:
Never mind, I just read the second email from Doug McAfee in your post #10937.
Case closed, eh?
buccaneer, was this copied and pasted? I'm not sure it makes sense.
"We are aware of the issue and are addressing it. They do have permission or the right to use our products and we are in no way affiliated with mama's kitchen."
They are "aware of the issue and are addressing it" and they are "in no way affiliated with mama's kitchen" all sounds like no, Jim doesn't have rights. But "They do have permission or the right to use our products" sort of sounds like they do, except one would expect it to say "have permission and the right." Using "or" makes it sound like no, they don't. Did Doug perhaps leave out the "not," as in "do not have permission or the right to use our products"?
Will you check the response again?
TIA
In fact, you should compare the entire Executive Summary to http://www.bplans.com/mlm_cleaning_products_business_plan/executive_summary_fc.php#.T-Tj9HC0zzI
This, on page 11 of the "Executive Summary"
was taken from this:
http://www.bplans.com/mlm_cleaning_products_business_plan/strategy_and_implementation_summary_fc.php#.T-ThN3C0zzI
"Or is you feel that folks who use arguments about things that have happened 2 or 3 years ago... can't spell use grammer that makes it hard to understand what they are saying and are constantly being shown the errors in their information...then by all means dont buy and follow their lead of missing out on a great stock in a very short period of time."
You're right. I hadn't even noticed the Mama's Direct label on the fish. How appropriate.
Take a look at May 17th and days following. Remember the Mama Iannes trademark was abandoned on May 16.
Regarding Mama's Direct Launch - here are a few things to consider.
PR Newswire Jan. 4, 2012:
Papa Bello Enterprises Acquires Control of Mamas Direct, Announces New CEO
"Mama's Direct has contractual agreements in place with Pueblo Italian Market of Pueblo Colorado to manufacturer and fulfill a complete line of private label products using their patented cooking process that utilizes our patented Pasti Perfetto Water Oven."
http://www.bizjournals.com/prnewswire/press_releases/2012/01/04/LA30011
Brand Page for Pueblo Italian Market's trademark Mama Ianne's:
"MAMA IANNE'S By: Pueblo Italian Market, Inc.
pizza, dried and fresh pastas including rigatoni, spaghetti, ravioli and fettuccini, macaroni and cheese, breads, pastries, cookies, gelato, gift baskets, sous vide products including steaks, fish, poultry, fresh vegetables and fruit, olive oil, balsamic vinegar; food products and wholesale and retail distribution of food products"
http://www.trademarkia.com/mama-iannes-85379018.html
Finally, Mama Ianne's Trademark listing with the United States Patent and Trademark Office.
Note that the trademark was ABANDONED May 16, 2012. I suggest someone ask Jim under what name Mama's Direct products will be sold. BTW, for more information, their "patented cooking process" is hardly "theirs" and is explained here: http://en.wikipedia.org/wiki/Sous-vide
http://tess2.uspto.gov/bin/gate.exe?f=searchss&state=4001:6ur1o7.1.1
This would all mean so much more if NEEL were actually AUTHORIZED and OPERATING.
http://safer.fmcsa.dot.gov/query.asp?searchtype=ANY&query_type=queryCarrierSnapshot&query_param=MC_MX&query_string=642362&Go.x=13&Go.y=8
It's not clear when NEEL operations ceased, but the last MCS-150 filed was in JULY, 2010. Is it possible that the PR from December, 2011 was "incorrect" in saying that "NEEL is currently running at over 90% capacity"? Was NEEL operating in any capacity on Dec 21, 2011 and, if so, 90% of WHAT capacity? Ninety percent of zero is...ZERO. Maybe not so "incorrect" after all. LOL
http://www.prnewswire.com/news-releases/action-products-announces-acquisition-of-north-east-expedite-logistics-135987503.html
Seriously, one has to wonder why APII bought NEEL in the first place and doubt the sanity of anyone who would buy it from WAFR now...
No, I should think not. I know it's on the Sous Vide site, too. I just couldn't find the odd link that got me to it again.
I'm sorry - which link?
The Mama's Direct oven is a photoshopped photo of a Sous Vide oven. I found it last night through some weird route on the Sous Vide website, but couldn't locate it again. However, a representative of the company confirmed in a phone conversation earlier today that that photo in the Mama's Direct Executive Summary belongs to Sous Vide, minus the Mama's logo, of course.
You can find it, oven, lemons, salmon, and all on Tineye: http://www.tineye.com/search/8c812755a39d07a35283cc7235257e67d1d8839c/
I'm not certain the faceplate is reversed though. I found it both ways on the Sous Vide website. http://www.sousvidesupreme.com/ is a really well done website and should be required study for anyone investing in pink stocks. This is what a REAL company puts on the internet.
BTW, if you just google "water oven," guess what you get?
Mama's "patented Pasti Perfetto Water Oven" sure looks a lot like The SousVide SupremeTM water oven.
From Mama's Direct Executive Summary:
From the Sous Vide Supreme website:
http://www.sousvidesupreme.com/
You can get it today (in Black) from Costco for $379.99:
http://www.costco.com/Browse/Product.aspx?Prodid=11605673
I wonder what Jim means exactly by "our patented" water oven...
If you are referring to me, I am not a "simple housewife," nor did I call myself that. Other posters on this board decided to call me that when they are not accusing me of being short.
I never claimed the 738M "free trading shares" were anything. I queried what that was about and eventually someone "discovered" they were a typo. I quote myself from post #21404:
Yield Sign. My, how savvy.
I am discussing PAPA. I believe DD consists of doing more than just listening to the CEO spin a good tale. It would seem you believe differently.
I don't appear to be going away. If you don't appreciate my contributions, you can always block me.
Think they should lose NEX Global USA, LLC in Florida, too, Stanner? Because as trucking companies go, that one actually appears to be active/insured according to the DOT, unlike NEEL, even though NEX was not included in the Q1. Oops. Teresa, mayhap you should fix that while you're correcting that "typo" of 738M free trading shares. When are you planning to get around to that anyway?
Always nice to have liabilities you don't even know about. Or, rather, let your shareholders know about...
I don't understand. Are you suggesting that WAFR is now planning to test components of tank volume/level sensors in addition to magnetic heads for audio equipment and card readers (LOL, btw)?
I don't believe this has been made public in a PR. How would you have come by this information?
TIA
Wow! So, now "COREwafer's Apollo on-wafer parametric magnetic test system" is going to be used to test "magnetic heads, including mono, stereo, auto-reverse, shift type, micro and erasing heads for audio products."
Gotta love the magic of the internets.
I could be wrong, but I'm pretty sure Corewafer Industries "Apollo" does not equal Apollo (Zhuhai) Electronics Co., Ltd. The client named in the PR is Multi-Dimension Technology and WAFR has "begun ongoing consulting services with MDT worth up to $120,000 in 2012."
Worth up to $120,000 in 2012.
Maybe your post should not be up here with the stickies either.
CoreWAFia!!
Maria
"the total backlog of contracts with Seagate, Western Digital and Taiwan Semiconductor"
I don't understand this phrase. Backlog generally means uncompleted work. Does this mean that CWS doesn't have the employees to complete their contracts?
Software developers aren't like migrant workers. You don't just pick them up on a street corner and put them to work for the day (and 10,000 shares of a penny stock LOL). They actually need to have the technical experience and familiarity with the product to be productive. And they like to be paid.
So, yeah, I can imagine there might be a "backlog," assuming there are any contracts at all.
Could you supply the address of this "new" location? And perhaps where you obtained this information?
Didn't they just make a big deal of the Yorba Linda facility that no one can tour anymore, videographically speaking?
I'm sure they got the shirts out of a t-shirt vending machine from LEINK, subsidiary of Papa Bello Enterprises.
It's a tax write-off, right?
The link to Mama's Direct Executive Summary in the ibox requires that one sign in to their google account to access. Big bother. And if you try the "Documents" tab on the Mama's Direct website, you'll need a password.
You can get the document referred to on this board by googling "Mama's Direct Executive Summary," which will locate an accessible download of the document from www.mamasdirect.com (?Really? Does Jim Wheeler want you to read this stuff or not?)
However, I'll save everyone the effort. Below is a screenshot of the 'proforma' revenue projections. First Year: $576,687,668. Seriously? Down to the dollar when MD doesn't even have a product list?
What are these numbers based on? Probably nothing. If you go to http://thishomebiz.com/blog/top-30-mlm-companies/ you'll find that every MLM company making this kind of $$ has been in business for YEARS!
Nevermind the projected $17 BILLION in year 5. $17 BILLION?? Right. No 1 on that list of top 30 MLMs is AVON, estimated revenue in 2009 $10.7 billion in Avon's 26th year in business.
So, then, how did you know to post the link to the stock filing you said was used as a template?
Used badly, I'll add. When you use a template, I believe that you're supposed to substitute the correct numbers.
Maybe Teresa was absent that day in Accounting 101.
Oops! They borrowed a template from another company??
Probably?? People should invest in WAFR based on "probably?"
1) Preferred shares generally convert at 1:2 or 1:3, do they not? 190,000,000 shares (i.e., just the "new" "Free Trading Shares" this year, nevermind the whole 735M!!) would require a conversion ratio of 1:1086 to convert the 175,000 preferred shares on the same filing!
2) I could be wrong, but aren't the AGS shares to be issued from the OS, not from some mysterious lot named "Free Trading Shares?"
Maria
Tom, I have only vague ideas, none good. doggone's research re SEC litigation of other companies suggests a few.
What bothers me is that there is this unexplained, unexplainable number, 728,131,658, in WAFR's own filing?
If you google "free trading shares" you get little satisfaction. So, the question remains:
What does it mean?
And if the 728,131,658 "Free Trading Shares" aren't anything to worry our pretty heads about, why did they increase in number this year by 35%??
CoreWAfia!!
Maria, who is certainly scratching her pretty head
What are these "free trading shares - Common" that, as of June 4, 2012, totaled 728,131,658 shares??
This is a screenshot from the June 4, 2012 Supplement to Q1 Financials, page 2:
You can download the Q1 here and check for yourself:
http://www.otcmarkets.com/stock/WAFR/financials
The "ibox" is the information box at the top of every stock message board on IHUB. You cannot see it while viewing a single message; you must be viewing the board. You also won't be able to see it if you've selected "Hide Intro." You'll find "Hide Intro" or "Show Intro" on the right side of the page just above the line where the moderators are listed.
If you look in the box, you will find the Papa Bello Pizza logo, right next to the logos for Mama's Direct, Leink and BMAM. Just like on the Papa Bello Enterprises website!
I KNOW Papa Bello's doesn't make pizza - I called all the Walmarts listed in the last Annual Report written by Jim WHEELER. What I don't understand is why Jim Wheeler is confused about this.
Gosh. Is that Papa Bello slinging pizzas I see in the ibox now? But I thought PBE wasn't about pizza anymore...
Tom, with respect, my opinion is that the penny market doesn't work. For the most part, share price doesn't appear to reflect products made, services delivered, or employees with real jobs. Pps rises and falls mostly on the news, much of it disputable and almost all of it overblown, of PRs generated by the people with the most to gain. Almost any money made in a penny stock like PAPA is made by taking money from other "investors." It is more like gambling than investing, and you know what they say about gambling: The house always wins.
Jim Wheeler, et al, is the house here.
FWIW, I don't think the rest of the equity market is much better. I agree - it is a sick system.