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WHY SUCH BIG LOSS?YOUR COST?..... ....
LOSS OF $700K PER Q that is about $2.8 million cash burn rate per year,where did the money go exactly?And what is your COST?Any guesses.
To the foxes:The name of the game is to suck it dry at the investors expense,over and over thru recurring equity/credit financing,until this sheep dies,90% chance likely,and not in you favor.
RED FLAG - 500 million shares float within 2 Q,dilution of shares up to 90%,then pumpers faded away.
Once RB settles down.........
Price support should start firming,spread narrowing,and liquidity starts to come back.THIS IS THE YEAR OF BREAKOUT,WAS 50% CHANCE,NOW 50%+ w/current event,in our favor.
WEN option(call).......
Can be just exciting and profitable than any of the penny stock high flyers and with limited risk.....hope you can take advantage of it.
My recent buy
WEN 7.00 NOV 3
WEN 6.00 NOV 3
WEN 5.00 NOV 3
Planned buy
WEN 6.00 FEB 4
WEN 7.00 FEB 4
WEN 8.00 FEB 4(may be too risky for some)
Again,this investment is of med risk/high return(2+ baggers,starting soon).WEN had a multi-year high of $6.23 today.
Tracker of JW.......
Pretty sure he is lurking in the background and believe everything he touched turns toxic,leaving a trail of tears.So far,I'm not far off.
PS-There are more foxes guarding the sheep than you guys' think in this BUBBLE.
From 8K.......
Item 3.02 – Unregistered Sales of Equity Securities
On May 14, 2013, the registrant sold 2,500,000 common shares through a private placement at $0.04 per share to Robert Brooks (a more than 5% shareholder) for a total of $100,000. These shares are exempt under Section 4(2) of the Securities Act of 1933.
Nice to see there is a change of heart.
For every BIG PENNY....
There are two sides.The challenge:NOT TO LOOSE IT.
PS-Analysis of SG&A to be followed soon.
Big Store Sale Target This Q........
Daily sales per store day(wholesale),choose one:
6
7
8
9
10
Based on self-acclaimed store count of 30,000 stores by its co-founder.
These are BIG PENNIES,handle with care.
I believe 10 BIG PENNIES ARE AT WORK,at best.What is your number?
Daily sales of $0.06 per store count last Q.........
$166,000/30,000 stores/90 days = 6 cents per day per store
This is why sales was laughable!Based on the numbers,6 BIG CENTS,the drinks were dead on arrival.I believe hjoe has SALE ISSUES,NOT PRODUCTION ISSUES,used as a COVERUP!
Company PR..........
Thu Aug 23, 2012 5:28pm EDT
"Timing is everything," said co-founder Michael Jaynes. "We came up with
this just as the economy was going bust, and a lot of people at the time
thought we were crazy to launch a business, especially a hangover
recovery drink. I think 30,000+ stores later we're on to something,"
added Jaynes.
The brand is growing both domestically and internationally as the company
has announced its expansion into Canada, Australia & New Zealand in the
fourth quarter of 2012. Adamson sees continued growth and popularity for
the product. "We have lots of people who don't even have hangovers using
the product because it gives them an alert feeling in the morning. We
believe the product can help people get out of bed and to work on time,
hence the name Hangover Joe's Get Up & Go 'The Hangover' Recovery Shot."
Correction......
"Mr. Adamson has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). On July 13, 2008, in Eureka Springs District Court, Carroll County, Arkansas, Mr. Adamson plead guilty to fraudulent use of a credit card and was sentenced to three years supervised probation, 90 days in jail and a $1,000 fine...."
Reality check: previous PR.........
PR Hangover Joe’s Holding Corporation – Thu, Nov 15, 2012 8:42 AM EST
"Hangover Joe’s already has purchase orders in-house and shipped orders exceeding $300,000 for the month of October through November 10, 2012.
Hangover Joe’s co-founder Michael Jaynes commented, "Our momentum is unbelievable lately. We are signing several new distributors and customers each week – not only in the U.S. but worldwide. We are excited about this progress and are looking forward to record fourth quarter sales volume.”
Why a Ponzi?Not bad for someone only put in a little of his own money and with a criminal record!
Reality check: Sale per store per day........
Using Luxe 30,000+ stores
Daily sale was $0.06 per store count in 1Q 2013.
SOMETHING IS MISSING HERE from the pumpers:
The hjoe drinks are NOT MOVING IN THE CHANNEL!Based on the 10Q,not MYTH.
Any guess how many bottles sold last Q .....
W/revenue of $166K?
"I expect to the delight of Jaynes the company lawyer CEO"......
90 days of jailed time...how good can he be?
Another myth.
Fortunately it has been settled.....
????????????
Throwing a monkey wrench......
You forgot to add:
Applied Food Sciences Successfully Concludes Another Patent Infringement Case
Applied Food Sciences, Inc. has favorably concluded a patent dispute with Hangover Joe's Products, LLC , the former marketers of Hangover Joe's Get Up & Go™ hangover recovery shot. Applied Food Sciences, Inc. brought the underlying lawsuit, case 1:11-cv-00391, in the United States District Court for the Eastern District of Texas against the former marketer of Hangover Joe's Get Up & Go™ hangover recovery shot, stating they allegedly were infringing its patent for the use of glucarate and its derivatives such as glucuronolactone, a popular ingredient in energy drinks, for the reduction of negative symptoms associated with alcohol ingestion. U.S. Patent No. 7,662,863.
http://www.prweb.com/releases/2013/1/prweb10332571.htm
Another great PR boost for the company.......
Everything seems to be in order,except the stock price! I believe that may change as eps turned positive,50% chance likely before the end of 2013.
Take the BK driver challenge.........
How many stores carry HangoverJoe drinks? Only one taker so far,from the flag waver side: 30,000 stores. From the number nerd,I say less than 500,and I will tell you why soon.
Anyone called and asked the management why the revenue of $166k was so low and how the company not go BK?Or scared to know the reality and shoot the messengers instead.
Quantitative for a change,1 vs 30+........
Any guess what the numbers of retail stores carrying the drinks are?
1
10
100
1000
10000
100000
1000000
Let me know what you got.
One of the BK Drivers:Why Sales is Laughable.....
An analysis of the HJOE 1Q 2013 will be given soon.
One of the drivers for the coming BK....
http://www.shopmerwins.com/hangover-joes-recovery-drink.html
This customer killed the price and the brand.
Why:
How long do you think before GNC drops it?
http://www.gnc.com/product/index.jsp?productId=12448314
Red flag:
This company does not know how to market and protect its brand,saying the least.No wonder its sale SUCKED and LIKELY FORWARD.
2 more Q from BK still on track....
Sales $166K,interest expense $123K,dilution 100% in a year,LOSS FOR THIS Q IS -$707K,$24K cash left.......MJ: MOMMY I NEED MORE MONEY!
The stock price agrees with you but......
What happens if you are looking at the company thru a rear view mirror(10+ years long)?What is the risk of downside,if almost everyone has written-off the company?Risk/reward tells me DJRT would be interesting to watch in the coming Q and it is a med risk/high return investment in my book.
PS-Wendy had a similar issue until recently.I owned call option since 3rd wk of Jan 2013 and the payoff so far was high.
Q/A.....
No.
Stuck in the pack,no signs of breakout........
More time is needed for the never-quit-kid to prove he has what it takes to drive the company to success,investor-wise.
10Q is out.....
http://www.sec.gov/Archives/edgar/data/1094032/000101489713000187/dalejarrett10q1q13v3.htm
Is this the last Q of miss?50% chance says yes.
Tim took a calculated bet..........
I believe it will work and transforms the company from value to growth.
I think.........
Tim has been focused and plugged many leaks as a seasoned CEO since 2011.I believe the the chance of another blowout is minimized and an overdue payoff should happen soon.DJRT platform is levered again and the million dollar question: Can it break $4.0 million in revenue and eps=$0.01+ for the year of 2013? I would say 50% likely.
A golden rule that save my butt.......
Over and over,applicable to penny stocks too: Sheep Stay away from any stock with DILUTION RATE OF MORE THAN 3% PER YEAR.I believe this practice should eliminate half of the investment risk and help anyone achieving a 15%+ ROI with ease.
I'm biased(for and respect past record) and believe any thing JW touched will turned into ashes,based on pure statistics.And Honor among foxes?Hell no,if you are sheep.
Good eye.........
Nice to see djrt,the never quit kid,about to kick off an exciting new program as promised;I believe this calculated move will add incremental revenue and profit margins again,replacing and topping the 2012 Las Vegas venue. For investors,the likelihood of the company going from value to growth has in increased favorably.I'm looking for double digit growth in the next few Q! $4.0+ million yearly revenue is finally in sight. Well done.
Honesty and 90 days in jail don't mix in my book..........
Source: hjoe SEC filings
"Mr. Adamson has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). On July 13, 2008, in Eureka Springs District Court, Carroll County, Arkansas, Mr. Adamson plead guilty to fraudulent use of a credit card and was sentenced to three years supervised probation, 90 days in jail and a $1,000 fine...."
PS-More flees on this dog if you looked at all.Lazy(not searching for facts) and delusional(little head in charge) are not good for your wallet.
Nothing changed except more shares and bigger losses.....
From my 12/5/2012 posting:
1. Sale of $400K and Loss of $400K,is LAUGHABLE;
2. Company is out of cash and NO $ to attend announced/planned capital raising conference;
3. Ran on cash vapor at 3Q,NO MONEY left in 4Q for operation;
4. Shady characters in management:
"Mr. Adamson has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). On July 13, 2008, in Eureka Springs District Court, Carroll County, Arkansas, Mr. Adamson plead guilty to fraudulent use of a credit card and was sentenced to three years supervised probation, 90 days in jail and a $1,000 fine...."
5. OUT OF THE THIN AIR:
"MC went from $3.6 million to $23.0 million!!! The increase was due to dilution of shares from 36 million shares to 120 million shares!!!.."
6. True cost to the shysters:
"....Buyer would pay $10,000 and ASSUME all liabilities related to the Subsidiaries in exchange for all of the shares in the Subsidiaries owned by the Company. The parties closed the Sale on July 27, 2012........"
7. Implosion within the management:
"NO HONOR among thieves!"
.....................
My posting from 10/5/2012,when HJOE price was $0.23:
"Bottom line: Shares own by these 2 shady parties may exceed 60+ million shares!! Again,have plenty of Vaseline ready......best of luck to you all and you well need it."
ps-Don't kill the messenger!Your problem is the MANGEMENT.It just that simple.
"ceo can be the biggest crook in the world for all i care"...
Your biggest risk! Any CEO with criminal record and imprisoned are not kosher...what prevent him from stealing(from you) again? "Pie-in-the-sky" and "cart-before-the-horse" arguments are for the naive.
PS-I believe this company is likely to blowup within few more Q.Down below 3 cents and more.No shares and brown nose no one.
Any guess what/when the next eps/dilution is.....
My is loss of 5 cents and what is yours?And how soon will the next dilution be? My is 3Q,2013 around 20 million shares at $0.06 cents.New money that takes you to the promised land.
Closed at $6.14 today......
What a day for holders of call options!! I believe investing(or betting) on call option can be just as lucrative as gains by any stellar penny stock.
I believe the company is trying......
Transitioning from a 100%(inclusive of hardware) service revenue centric model to a more balanced progressive model,with WFCF royalty centric model pushing the way,and eventually 50/50(revenue?). The management team is superb but the current macro pictures are full of crosswinds and headwinds,against the company's plan to grow and diversify its business,thru further leveraging its platform,resulting a higher profit margin and more.Last Q,the SG&A was above $600K vs $480K a year prior,with little change in revenue.The consolidation in the service revenue sector seems continuing,maintaining market share with no price increase,e.g. S&A,its biggest offering, is the rule of the day and has been going on for too many years in my view.
The new program being talked about,may not kick in for another few Q,at the earliest. Until then,the challenge: grow the company with cost control and reduced head count,in an environment where costs are going up everywhere.The management had been in similar challenges between 2006-2009,and it knows what to do when headwinds becomes a gale storm again.Bottom line: I believe 25% revenue growth may not materialize until 2015/2016,my hope was 2014/2015.
Still reads your last post.......
"ask yourself this question: He already controls over 75% (my Guess) of the outstanding shares. Why would he need to buy any here? His arrangement with the company for "Royalties" bleeds the company dry. If that arrangement were cancelled, we would not require the financing to build the new plant. It could be done with the internal funds. Right now, this is his own private poker game . He occupies all the seats at the table and is the dealer."
PS-Gene is a control freak and smarter than any of you(and me) and has NO SHAME.Unless he is gone,the stock is high risk and he controls you(the serf).
For the die-hard.....
Odds of another Q big loss is likely,50% chance that is,be prepared for the hit.
Closed at $5.90 today...
Multi-years high was $5.95.