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As a substantial $NGTF investor...I'd strongly prefer that our mgmt team spend hours every day trying to increase our potential Nightfood, Hotel and Airline sales.
$NGTF CEO Folkson on company MB today...
Yes, I spend time networking on LinkedIn. It's very valuable and keeps me up to date on industry happenings.
But....
This video just brought me to tears. I know some of you doubt. I don't.
What might bring me to tears, is another major new Nightfood Hotel or Airline contractual partnership.
Instead of perusing around social media and LinkedIn..get to work calling prospective accounts, for starters, and trying to arrange corporate meetings for Nightfood Sleep Friendly snack product presentations.
...at least a few hours every day should be spent trying to secure additional sales for all $NGTF shareholders. Everty Hotel holds potential promise, you shouldn't rule out any at this stage, even the local independent locations.
Again Sean, you don't want or think we need a Sales Dept, OR ANY SALESMEN at all, so the obligation is left up to you and Simon.
Show your loyal investors that you are willing to put the effort in yourself...TIA.
PS Inexcusable that we aren't going to attend the AAHOA convention this year...absolutely no justifiable reason not to be there.
The plain truth... Sean and Simon aren't working hard enough for investors...Time to start busting balls!!
Here's a $NGTF post from an investor today, and Sean's answer....
Company MB Poster....."Good Morning Sean, Is anyone from Nightfood reaching out to all the hotels at the local level? This would seem to make the local operators aware we are available."
Sean...."We've learned that the % of local operators that CURRENTLY care is not high enough to make this a great use of time and energy."
MB Poster...."Again the manager is not even aware that we are an option. Marketing, Marketing. Nothing happens until someone sells it!!!!"
Not an acceptable answer!!!!!
$NGTF doesn't have a single salesman, no sales dept at all....so the heavy sales lifting must be done by mgmt.
Starting by Sean and Simon Dang each making a few hundred cold calls EVERY DAY to the thousands of Hotels that could be carrying Nightfood Sleep Friendly snack products.
Sean's on Linkedin and SM all the time it seems, probably nursing his ribs...so he can pick up the phone and reach out to hoteliers for at least a few hours EVERY day...along with Simon.
Inexcusable for Sean to keep telling us that local Hotel operators aren't motivated and don't matter...that at this stage it all about corporate.
I say that's a complete crock....and they need to star to "SPEND THEIR TIME AND ENERGY" selling our snack product line..out in the marlket. Get on the effin phone and reach out, for starters!!!
Most of the company Telegram posting members don't have the backbone to tell the CEO what they think...except for a couple of them that are outspokenly honest about the state of affairs.
Time for others to start to voice their displeasure and concerns.
Is Sleep Inn...the Nightfood Amenity testing chain? After some investigative efforts...IMO... GHC Choice Hotel Brand, Sleep Inn is the Nightfood Amenity testing chain.
1. One of the top five Global Hotel Chains listed on the Investor Deck, is the Fortune 500 conglomerate that owns the testing brand.... IHG, Hilton, Marriott, Choice, Wyndham
Sean said that the parent testing chain was one of the five above, and not either GHC #1, or GHC #2...chains we're already working with.
We mentioned in our most recent quarterly filing that we’re working directly at the corporate level with three of the five global hotel companies that comprise almost 50% of the American hotel market.
The chain that is coordinating the recently announced test of Nightfood cookies as an amenity is not a chain within the global hotel company that originally tested Nightfood ice cream in 2021 and launched our pints into one of their national chains in May of 2022 on the strength of that successful test.
It’s also not a chain within the second global company that tested our ice cream in April of 2022, and declared that test a success, but with which we are still working to coordinate a launch of Nightfood snacks.
This test, the first test of Nightfood cookies, is with a hotel chain that is part of the third global hospitality giant that we’ve been in discussions with.
With that criteria in place, that rules out Hilton... GHC #1, and the parent of Homewood Suites....our first and current Hotel partnership.
IMO, GHC #2 is IHG...the parent of Even Hotels...a small boutique "wellness" hotel with 20 locations... the only brand tthat met the information provided by Sean. That rules out IHG.
That leaves three remaining possibilities as the parent company running the Amenity test in one of their chain brands...Marriott, Wyndham, and Choice.
2. When discussing the warm cookies Double Tree hands out to their guests as an amenity.. Sean divulged the following..
the hotel chain we're working with has more locations in the US than DoubleTree does. However, I'm pretty sure Doubletree has a larger average # of rooms...and, Doubletree hands out cookies to people multiple times during the stay
Double tree has @ 600 locations, so we need a chain brand that has approximately 600 U. S. locations.
3. Checking sources to get possible Hotel brand options that meet the aforementioned criteria....... the three GHCs, Marriott, Wyndham, and Choice, that have brands with @ 600 or more U.S. locations....
Sean has posted on the company MB that the current hotel testing our Nightfood as a guest amenity, has a current item in place...
Sleep Inn currently offers their customers complimentary hand sanitizer....Covid is almost long gone....Time to switch to Sleep Friendly Nightfood cookies at Sleep Inn?
Dream Better Here® Sleep Inn®
At Sleep Inn hotels, experience a simply stylish sanctuary that’s designed to help you unwind. You’ll find fresh design elements inspired by nature, plus great amenities.
Free hot breakfast Free WiFi A pool and/or fitness center Personal hand sanitizer at check-in
How could Sleep Inns not carry Nightfood Sleep Friendly snacks!
Stay well-rested with Sleep Inn® hotels and BetterSleep
At Sleep Inn® hotels, we're committed to providing travelers with a great night’s rest.
Guests are now invited to enjoy complimentary premium access to the BetterSleep sleep and relaxation app.
During your stay, you can listen to soothing sound mixes, meditations and bedtime stories for a deeply relaxing experience.
Even the rah-rah back slappers...are silent on the Nightfood MB.
That speaks volume.
Just two honest investors speaking their mind objectively.
Lets see who follows the lead of the two company Telegram members, who already weighed in voicing their displeasure and disappointment with the pointless call.
I try to adhere to a "no spin zone" policy...painting as accurate an $NGTF picture, as I see it. The CC was more of the same old same old bullshit...it sucked.
PS The gag me with a spoon fest over there has started....just a waste.
Sonesta RLH International...17 Brand Banners....under their corporate umbrella.
They are the 8th largest Hotel Corp in the U.S....and growing at an expeditious pace.
Sonesta International Hotels Corporation
The Royal Sonesta Sonesta Hotels & Resorts Sonesta Select Sonesta Essential Sonesta ES Suites Sonesta Simply Suites Sonesta Posadas del Inca Sonesta Cruise Collection The James, A Sonesta Experience Red Lion Hotels Corporation
Hotel RL Red Lion Hotels & Resorts Red Lion Inn & Suites Signature Inn GuestHouse America's Best Value Inn Canada's Best Value Inn Knights Inn
In 2020, Sonesta became one of fastest growing hospitality companies in the United States. It had 80 hotels in early 2020.[2] From September 2020 to March 2021, Service Properties Trust transferred over 200 hotels from Marriott Hotels & Resorts and IHG Hotels & Resorts to Sonesta brands, after the previous managers were negatively impacted by the COVID-19 pandemic.
In March 2021, Sonesta finalized its acquisition of Red Lion Hotels Corporation with over 900 hotels in a transaction valued at $90 million. During this time, Sonesta launched Sonesta Simply Suites and Sonesta Select.
In September 2021, Sonesta announced that it would be offering hotel franchising in the United States under Sonesta Franchising.
As of 2021, the company had over 1,200 properties, in countries which include Sint Maarten, Peru, Chile, Colombia, Ecuador and Egypt
“At Sonesta, we recognize sleep is the foundation of wellness and we’re excited to make Nightfood sleep-friendly ice cream pints available in lobby markets at select properties to satisfy our guests' cravings for a sweet treat before bedtime that won’t disrupt their sleep,” said Elizabeth Harlow, Chief Marketing & Brand Officer, Sonesta.
“We’re delighted to provide our guests the option to choose a Nightfood sleep-friendly snack that contains less sugar than traditional ice cream while formulated to support better sleep across Sonesta Select, Sonesta ES Suites and Sonesta Simply Suites managed properties nationwide...."
New $NGTF PR...Nightfood Teams Up With Sonesta International Hotels Corporation to Offer Sleep-Friendly Snacks Across Multiple Hotel Brands
"March 13, 2023
Eighth Largest Hotel Company in the US Launching Nightfood in Sonesta Select, Sonesta ES Suites and Sonesta Simply Suites Managed Properties
TARRYTOWN, NY, March 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nightfood Holdings, Inc. (OTCQB: NGTF), the company pioneering the sleep-friendly nighttime snacking category, announced today that Sonesta International Hotels Corporation (Sonesta) is the first hotel company to introduce sleep-friendly Nightfood ice cream pints across multiple brands.
Sonesta is launching Nightfood into approximately 160 managed Sonesta Select, Sonesta ES Suites, and Sonesta Simply Suites properties nationwide during Sleep Awareness Week beginning on March 12, 2023....
"Making it the first hotel company...to offer Nightfood’s pints, with flavors like Cookies n’ Dreams and Midnight Chocolate....
...ACROSS MULTIPLE BRANDS!!
Well, lucky hotel guests at select Sonesta Select, Sonesta ES Suites and Sonesta Simply Suites properties can now grab a pint of sleep-friendly ice cream before bedtime."
At three of Sonesta International's 15 brand banners...the 8th largest hotel company in the world, with 1200-plus Properties.
Waiting on the official...Nightfood in Sonesta Hotels PR announcement....probably released Mon, before our $NGTF Investor Conference Call, Tuesday 3/14/23.
Well, lucky hotel guests at select Sonesta Select, Sonesta ES Suites and Sonesta Simply Suites properties can now grab a pint of sleep-friendly ice cream before bedtime — making it the first hotel company to offer Nightfood’s pints, with flavors like Cookies n’ Dreams and Midnight Chocolate, across multiple brands..."
Sean needs to stop his repetitive, worn out, overused talking points...it's just pissing investors off...
...though only a couple honest posting members on the company MB...have the balls to tell him directly that they're sick of the bullshit.
Additionally, Sean still didn't answer the important question....“Did the Hotel request to remain anonymous during this amenity test?”
The NDA in effect is continuously being used as the main excuse, for our lack of progress and under-achievements with previously stated company goals, objectives, and projections....so why not avoid that subject.
Selective exclusion, again, by the $NGTF CEO...choosing to ignore the tough, crucially important "asks".
Many shareholders, investors and interested $NGTF parties, will be tuned into the CC next Tuesday.
Will we hear anything of substance, containing new $NGTF / Nightfood revelations that haven't been previously disclosed?
I'm not expecting any at this juncture, but I'll be all ears.
Two questions from $NGTF investors… we’re still waiting on answers for…from Sean.
1…..“Sean, can you speak to the size of the test? The other parameters - number of people/rooms, methods for information gathering on customer opinion, how success is measured?
This may be info that more/less is intended to be covered on the call next week. If so, will info like this be detailed?”
2…. “Did the Hotel request to remain anonymous during this amenity test?”
Enough repetitive talking points by $NGTF CEO… time to get to work, out in the marketplace.
A judicious, measured use of company Capital resources, should include Sean personally selling our Nightfood Sleep Friendly products to the Hoteliers and Airlines….himself, in person!
Even with broken ribs, if one is truly motivated and hard working. Is our $NGTF CEO “busting 24/7 for the company, his family and shareholders”… Not happening.
….and enough already, about Sean’s $40K loan, and the note’s repayment details.“That don’t impress me much”.
Many of us have substantially more invested than that.
Sean needs to stop the bullshit, take accountability for our current state of affairs… and start to work harder for all Shareholders.
His same old lines and C&P posts have grown tiring…time to put his sales efforts where his worn out posting messages are.
….it’s an excellent sign that our share price is holding the channel it’s been trading in.
Investors, by and large, including me, remain optimistic that Nightfood Holdings, company goals and objectives will ultimately be attained.
Imo, at this juncture, with our retail presence practically nonexistent, E-com not a priority, and 6 Nightfood ice cream flavors production schedule being put on hold…. Our current ongoing Amenity efforts, a potential game changer, hold the linchpin.
The $64 question….Will we hear updates at the CC in 10 days…concerning progress attained in our Hotel / Airline business efforts.
$NGTF Shareholders, and all interested parties, remain laser focused on future company PRs and all SEC filings.
Sean needs to spend less time on LinkedIn, and more time on direct company business priorities….
…such as making sure our Nightfood E-com website is working, and if not….FIX IT OR REMOVE IT!
The fact that there are continued glitches and problems with our website, indicates a failure on $NGTF mgmt’s part… to oversee and monitor valuable company business resources.
The image that repeated shortcoming projects to potential Nightfood consumers, and possibly $NGTF shareholders, is that Nightfood is a poorly run company….and is an inexcusable embarrassment!
Also, the continued glitches are very frustrating, and aggravating to potential customers and individuals that invest in our company, or are seriously contemplating buying shares.
Overall, a lousy look….which should never happen, especially the same problem repeatedly, and needs to be rectified immediately.
A famous movie line, sums it up….”Don’t you even care??”
2/21...Company MB Question to Sean...from active member....that's still unanswered.
"It is clear that with a 50% increase in inventory over the 6 months from June 30th until December 31st, that Nightfood is anticipating an increase in purchases. There is almost a doubling of both ingredients and packaging.
1. Are you able to confirm what percentage of the $54,171 inventory for Cookies is Finished Goods?
2. What percentage of this Cookie Inventory finished goods is made up of the 25-gram cookies.
If you would rather wait until the investor conference call to answer these questions I understand." Company MB follow-up post 2/27...
"Sean are you in a position to answer my inventory question?"
3/2/23........still, no response from $NGTF CEO Folkson.
Sean still ignores the tough pointed questions from knowledgeable Nightfood investors...Selective evasiveness.
A major positive $NGTF business development. An amenity testing contract with one of the five largest Fortune 500 Global Hospitality Chains, covering contractual details governing the signed Nightfood Cookie Amenity testing deal, with one of their National Hotel Brands.
What is a standard vendor agreement? A standard vendor agreement is a contract between a vendor and an organization that details the goods and/or services that will be provided in exchange for payment. The contract details the provisions and conditions of the services the vendor provides.
What is a hospitality agreement? In hospitality industry, a contract is an agreement or promise made between two or more parties that the courts will enforce. In other words, it is a set of rules governing the relationship, content and validity of an agreement between two or more persons.
At least one member…has the balls to hold our $NGTF CEO accountable.
Love to see it… hopefully others on the company MB will follow his lead.
At this juncture bullshit isn’t needed or appreciated…. We need our executive to work his tail off for us, and not just throw carrots our way, that mean nothing, and hold no water.
A round-a-bout, doublespeak, ambiguous, evasive answer by Sean...is no, we're not gonna attend AAHOA in April.
It's plain and simple...a lousy decision... but, imo, the most likely reason being, no capital at all for our $NGTF CEO to work with.
Sean Folkson, [2/27/2023 10:08 PM] We may be represented there by ideal. Not sure
Need to see.
Also there’s been quite a bit of drama between the AAHOA and some of the chain giants (you can Google to see what’s going on with them and both Choice and Marriott)
The individual hotel owners don’t seem inspired to make the move healthier.
so not sure it’s worth marketing to them one at a time like that
And, in fact, id argue that the hotels leaving these decisions to the individual owners is how we ended up in a sea of twizzlers and skittles and Cheetos.
Fortunately the brands are waking up to the fact that it’s an awful look for them to have nothing but junk in their shops
That’s why they’re seeking healthier options and why we think the tipping point is so much closer than 6 or 9 months ago
Sean Folkson, [2/27/2023 10:57 PM] To add to my last post, I think there will be a point not too far off where attending trade shows will make more sense and justify an investment. And it may not be too far off. But if it’s going to require an investment I would want a couple of distribution and partnership pieces to fall into place first before doing that
Pivotal CPG Industry news...Sugar replacement called erythritol — used to add bulk or sweeten stevia, monk-fruit, and keto reduced-sugar products — has been linked to blood clotting, stroke, heart attack and death, according to a new study.
Sorry Halo Top and others..now you're up shit's creek.
Nightfood contains no Erythritol, no sucralose, or other artificial sweeteners!! Is now the time for Nightfood to add an additional pivot....back to retail??
Another IMPORTANT question for Sean..that needs an answer...ASAP.
Are we attending the AAHOA 2023 Convention & Tradeshow? With or without iDeal Hospitality Partners Group and CEO Jill Rigsbee? Apr 11 – 14, 2023 Los Angeles Convention Center
"AAHOA is the largest hotel owners association in the nation.
The 19,500+ AAHOA Members own almost one in every two hotels in the United States.
With billions of dollars in property assets and hundreds of thousands of employees, AAHOA Members are core economic contributors in virtually every community."
Sean and Simon need to start selling Nightfood...for their investors benefit...enough repetitive talking points on the company MB...ad nauseam.
Phone calls, cold calls are a fine way to start, to a multitude of potential customers, and prospective partnerships...setting up sales meetings for Nightfood presentations...in person.
Covid stop and yield signs are practically non-existent at this stage.
Get out of the home office...look someone in the eye and offer a stiff handshake, and display our "Investor Deck" for the Corporate Execs IN PERSON.
Current active Nightfood inventory in production....
Two ice cream flavors...Cookies n' Dreams and Midnight Chocolate...for the Hotels and any other National on-premise establishment purchased through Vistar Distributiuon Centers.
Two sizes of Prime Time Chocolate Chip cookies...a 60 gram pouch with small cookies, and a large one cookie 25 gram size for the potential of being used by Hotels and Airlines as a free amenity handed out to each guest and passenger.
..........................that's it.
Pickles For Two...shitcanned, and the other six ice cream flavors on hold for the foreseeable future.
Two additional cookie varieties, Snoozerdoodle, and Date Night Cherry Oat, are supposed to have their initial production runs in early 2023.
I would think that means, possibly by the end of March, or the very latest, 4/30/2023.
The single serve Ice Cream sandwich with which Category Pioneer Nightfood Won Top Prize in Real California Milk Excelerator Dairy Innovation Program....has not reached production stage as of yet.
Definitive launch timelines still undecided...still awaiting updates and details from CEO Folkson on the new products production schedules.
$NGTF Easter Eggs...All in one Hotel / Airline basket....
As a result of our decision to focus on highly relevant and higher-margin hotel distribution, we have temporarily shifted our focus away from traditional supermarket distribution. While it is likely that Nightfood pints can still be found on shelves in certain supermarkets, we have no supermarket distribution relationships that we would consider active currently.
Management expects widespread hotel distribution to generate significant incremental sales with higher gross and net margins than the supermarket vertical, where slotting, advertising, and trade promotion expenses make profitability more difficult to attain.
More importantly, we believe hotels are where our brand can thrive, even against the most popular legacy brands in snacking.
The Company is currently finalizing coordination of two tests of individually-wrapped 25 gram Nightfood Prime-Time Chocolate Chip cookies as an amenity.
One test is with an international airline, and the other is with a national hotel chain with several hundred properties in the United States.
On February 21, 2023, The Company signed a vendor agreement with the parent company of the testing hotel chain. The hotel test is expected to begin on or before March 14, 2023.
This test is scheduled to last 30 days. If the test is successful, the hotel chain intends to make Nightfood cookies an amenity gifted to guests at check-in.
The initiation of such a program would likely be the revenue and profit contribution equivalent of Nightfood snacks securing retail distribution in thousands of hotel lobby shops. The airline test is currently projected to begin on or about March 31, 2023, and is expected to last approximately 45 days. We expect both tests to execute according to the schedules presented and be successful.
For comparison...here's a LinkedIn post today, from one of Nightfood's valuable partners.... Impulsify CEO Janine Williams...2/23/23.
Janine Williams 1st CEO and Founder | Impulsify
Would love to talk to hotel vendors about which CRM they use and how they organize the associations between property, management company, owners and brands.
Strictly business related and targeted towards potential customers!!
$NGTF CEO, Sean Folkson, needs to be making the same types of efforts...along with his Brand Mgr. Simon Dang.
This LinkedIn post from $NGTF CEO Folkson today...maybe even with broken ribs, his Nightfood company 24/7??? schedule, could be better spent and focused on our investments instead of this bullshit.
IMO, the 76 seconds are a total waste of valuable company business time, that could be spent making calls trying to secure additional sales or partnership contracts for the company.
Sean and Simon Dang could, should, be blanketing the country, reaching out to Hotels, Airlines, Mgmt companies, Sleep related businesses, Health and Wellness concerns, Snack businesses etc. etc. etc.....
...spending valuable hours EVERY DAY busting balls trying to help the company succeed and achieve a good number of our Nightfood goals.
Sean Folkson on LinkedIn 2/23/23... I don't want to see any more valuable $NGTF business time wasted....
"Sean Folkson 27 minutes ago
This fired me up! Best 76 seconds you’ll spend today?"
Question for Sean...What is the new production schedule for the other two Nightfood cookie varieties...Snoozerdoodle and Date Night Cherry Oat.
...as well as production details, schedule and dates, on the initial Nightfood Chips and Ice Cream sandwich formats.
Currently, there must be a firm date, on the calendar, for the resumption of the initial two cookie runs...now that the large format CC production for the two Amenity tests, Hotel and Airline, have been completed.
Investors and other $NGTF interested parties, need to know updated details ASAP.
Yet unanswered question by Sean...from the company MB....
Sean,
Thank you for ongoing efforts to keep investors informed via the company SM platform. I am not sure that many of us appreciate or understand the challenges you have encountered over the last 6-12 months.
That being said I suspect that many investors are quite disappointed at the Net Revenues for the last quarter - which is understandable given our current distribution footprint.
I am however more interested in page 17 of the 10-Q or Section 5. Inventories.
It is clear that with a 50% increase in inventory over the 6 months from June 30th until December 31st, that Nightfood is anticipating an increase in purchases. There is almost a doubling of both ingredients and packaging.
1. Are you able to confirm what percentage of the $54,171 inventory for Cookies is Finished Goods?
2. What percentage of this Cookie Inventory finished goods is made up of the 25-gram cookies.
If you would rather wait until the investor conference call to answer these questions I understand.
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