Did not look, but will be happy to make a call to one of my attys in NYC. Keep in my Christy that have less than 2k in the stock. While I am curious about it and sometimes engage on here if you look at my history you will see that I can go for days and sometimes weeks without involvement. A friend of many years originally talked to me about the company and that was the trigger here, He wanted my thought as they were looking like a potential emerging CPG company. Then when I experienced the dynamic here I was really curious. I got skin in the game but very limited and now I'm getting out as I am one of those lunatics. I will continnue to watch and comment as I see fit. Both pro and con, and I hope everyone does great! I still worry somewhat that the good Dr. isn't gonna be left hanging out to dry. He seems like a good guy that has really gone out on a limb here.

EDIT: By the way, the fact that counsel was willing to accept shares should be a good indicator that an insolvency petition is not likely. I qualify that by saying that I did not look closely at that footnote and its possible that there are preffered classes involved with a safety net, but I think thats unlikely.

good point re paper bags! Im just not that Machiavellian...lol

can you share info via a private msg?

BIG EDIT: Thats a big statement. I would measure my words and be sure, then act accordingly. I would personally report any such thing and hope that the regulators and self regulating entities (SEC, FINRA, NASD etc.)would look at the points of fact and act accordingly. Just my opinion, I am not doubting your words. To the contrary I have valued the insight you took the time to share with me re the "Bizarre World of Pink Boards Psychology" I tend to be very measured.

RE-EDIT: CFG, do you have knowledge of any such actions either against the company, its officers, directors or affiliates? THAT CAN BE A HUGE ISSUE. But again, are those enforcement actions / restrictions live or have they timed out? What is PWC?

RE-RE- EDITED: you would have to see the "form of warrant" itself. A "form of warrant" looks much like a contract, usually 6 plus pages, it specifies the details of redemption, covenants and strike price qualifiers. However the conditions surrounding each class of warrant should be detailed in the S1. If warrants are issued as part of an offering (warrant kicker)then all of those warrants are identical. If they are issued as parts of dinstinct negotiations to different entities thay could vary widely and substantively. YEP THAT'S A WARRANT. HAVENT READ IT NOR AM I INCLINED TO.[url][/url][tag]insert-text-here[/tag]

At first blush I would say you are correct. Now the question would be what are the legends on the back of those certificates? Obviously anyone who bought already free trading shares can do as they wish.

Obviously my initial interest here was not driven by the shares I acquired some 6 8 weeks ago. I would suggest you look at my historical postings and you might see that my observations and opinions have been objective and balanced.

EDITED: Hey CFG, thanks for the heads up. I was just sloppy. Yesterday I took a few minutes to review the filing that was made Friday (though not in depth) and in my opinion, from all appearances the S1 filing may have well been driven by the Goldin creditor group. There is no other practical or strategic business reason that I can see for embarking on a process with the attendant costs and burden with absolutely zero benefit to the company. To the contrary it has created a cost and further dilution to all of the shareholders as it appears that they had to issues a lot of shares to counsel. This is consistent with dog's thoughts on the power Goldin Group wields over management. It seems the 30 day capital reserve disclaimer continues as does the substantial going concern opinion. Why they chose to not not disclose current sales numbers and update a lot of the financial details is in my opinion highly suspect. I believe that some percentage of their sales are being consigned so they cannot book the revenues without significant footnoting and reserves for returns. What percentage that is remains to be seen. There should be some disclosure re manufacturing and the Purchase Order financing arrangement. If they are consigning sales I doubt that a PO financing facility could be accessed, again in my opinion as I have never had a PO financing facility nor have I ever sold anything on contingency. They also clealy state that some percentage of sales are also dropped shipped. This may all be old news but again, I never really looked at any of this in-depth as my original interest was not driven by investment. It would be interesting to see updated information to see what other professional services they are utilizing. In my opinion other than progress on the sales front, which is clouded by the aforementioned qualifiers, there aint much to be hopeful for in the publicly disclosed information. Hopefully the SEC will clamp down on companies using facebook and other social media, either treat that as "OFFICIAL DISSEMINATION" and hold the companies accountable or ban their use. the reaction on this board to such postings clearly shows that the "Puffery" theory and defense is not applicable here and probably elsewhere. Investors are absolutely relying on the facebook page as a relible source of material facts about the company. This aint just "sales talk".

Wow! That is unbelievable! I was not clear that they filed without financials. Someone said something to me on Friday and I totally blew it. Did not realize what was being said. Im selling what little I have. I'd rather take the loss and stand by and watch. I DON'T DISLIKE MY MONEY.

I like facts. I have no problem acknowledging if I am wrong. But you are welcome.

I just ckd w my atty that handles my securities compliance work and yes you are correct, I have never been involved in a Pink or a BB as a principal.

again you are correct, but they are the ones that said that they were now fully reporting. if that has changed that is a different story.

You are correct re requirements. However they have told us on multiple occasions both here via Howard Taylor and in other venues that they are now fully reporting and compliant. If they intend to remain a fully reporting company they have to file their Q's and the K.

Corrected: There is a lot of cheerleading going on for sure, there are positive indications but managements silence makes no sense. This company used to fire off PR's for a door opening, now they have sales (?), distribution(?), and they are dead silent "OFFICIALLY" while all sorts of rumors and speculation are flying around, and much of it is deeply concerning? they are feeding the negativity. The silence is deafening. All of the facebook chatter is meaningless. If its suitable for facebook why do they abstain from commenting publicly? Monday will be very interesting. In my opinionn A delay in the Q will spell trouble.

no doubt that there appears to be traction at getting distribution. Why is the comapny not responding to the situation? Makes even less sense.

it has to be paid at the time its delivered to the port. No terms. its COD. No front money required, but if it made it to the US its paid for by someone somehow. It aint leaving without being paid for.

REVISED: Ok, so they have terms from factory? That is a great indicator. I was unaware of that. That would be a boost to their Balance Sheet in terms of hard assets and liquidity ratios. It still would be kindsa yuk but better than otherwise and would be looked upon in a good light by hard money lenders. Most ABL will run at 50 to 65% for inventory and 65 to 85% on a/r

I'm sorry but there is just too much volume and too much pressure on the stock, management needs to come forward and say something on the record. This is nuts! There is absolutely no reason to not address this.

because they would not get the money, Hartsko would facilitate payment to the manufacturers etc.. that is how it usually works

if its a valid PO and the lender can verify it w Bayer there typically would be no issue. Hell the lender should love to have a hypothecated Bayer PO. That is gold.

why would payment be an issue re the Bayer order? There is a $3 million PO line of credit?

examples: Halloween Candy is ordered no later than March. Christmas seasonables are ordered at about the same time as the volumes and attendant logistics are so much greater. If you have an international supply chain you have even larger lead times, often 8 to 10 weeks additional.

Once a major retailer gets an item into their DC facilities it can take 2 weeks to cycle into the stores and their Plan-O-Grams and it usually has to be tightly choreographed from A-Z.

Target for example has about 31 DC's around the country. Typically It literally has to hit all the DC's within 72 hours and will be in the stores in the next 5 days and onto the predetermined shelf and position within 3 to 4 days, and the clock starts ticking immediately on the items' sell through. Since they all use real time POS monitoring, the buyer knows in real time how its moving.

At Target you are under the microscope within 3 weeks.

Maybe a CONCAVE bounce

Wow CFG, I have to say that your comment re seasonal pipelines was dead-on, I would only add that Sept was the outside "Pipeline Date". The deals would have had to be cut in Mid to late Spring. Shipments to the US in July for assembly in August and distribution in September.

CFG, you think we will see the "BIG BOUNCE"? I am curious as heck as to what you think on this subject. You think the Q will be filed on time? They would be foolish not to.

3500 sq feet is about the size of a mid sized convenience store. That however is not indicative of mucheither good or bad. The only question I WOULD HAVE IS THE ABILITY TO SUPPORT MUCH THROUGHPUT. I would question the ability to assemmble, receive, stage, warehouse and ship any real substantive volume. What percentage is office dedicated?

Is this a factual statement or your opinion?

well he has cahsed out millions at this new venture as a "Consultant"
I am amazed the SEC has not refered him to DOJ for criminal yet, but maybe they have

Lets be clear, I never said I ran a fortune 50 company, I was a senior exec for one, both here and offshore. Ran business units for them. Started my own companies, took 1 public and completed multiple public and private financings. All in the CPG space. While trying to smear and deride may seem like a good ploy, all would be well served to think aboput the fundamentals of running a business and preserving shareholder value. Math is much like gravity, it works. Everything else is hyperbole and fanciful speculation.

All i saw was something about this selloff being a"GIFT FROM GOD".
It looks like a bloodbath to me. The fact that its a matter of days before the Q is due is worrisome. If you look at the 1 month chart it says it all. Not good.

Follow a trail to Steven Ivester and Atomic Guppy and you may find a lot of VOIP assets

The real concern I have is that the Q is due next week. Whther they file on time or not who knows, but with all the chatter I would assume they would want to be right out with all the great news and get this wildfire under control. Shipments, receivables, Bayer meeting..etc,
With the extraordinary volume and the sales coming in clumps I have to wonder.

from Yahoo finance posting


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It's Over For Awhile 5 minutes ago
I've seen this before with penny stocks, the MMs are going to drive this down to nothing, it has NO BOTTOM at this point, then...the new pump will start. Problen is that the bottom can't be predicted now. Yes...it could even fall into sub.sub/sub level.


Sentiment : Strong Sell
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WOW a major sell off! What is triggering it?

Had you knowledge of this little switcheroo?

Bland unidentifiable mush

there are a series of issues touched upon in this communication, however not one answer.. in my opinion this is Pablum or gobbledygook

Go figure, best as I can tell Howard Taylor is gonzo or at least out of the line of fire??? IMHO