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Color me happy and impressed. Long and strong LLLI.
Looking good today. PPE is still a very important concern worldwide and will continue to be so for many months. Lamperd may not be a big producer but if they can produce a quality product quickly, they will find buyers.
Very encouraged. Go LLLI!!!
Did I tell you that Pappas was not going to make a difference and change anything? This was a slam dunk. Sam owns the cards and the table. He calls the game and if you don't like it, you can go home.
Well said Green Dolphin. It's not what happened in the past that matters. It's where this company goes from here. Training classes tells you that there is interest. I do not believe that the future will be nearly as peaceful as the the last 20 years have been. There is going to be a growing market for these kinds of products. It's a matter of when, not if. Like this company a lot.
Monkey - companies are far more resilient than you might believe. IVFH is not going to fold. Sam and friends control this company like a puppet on a string. There is no alternative to Sam. If you want to own a piece of the business, you play by Sam's rules or you get out.
Sam & Co. are not going to let this fold. They have too much invested in this pig.
It's going to be years for the restaurant market to return. IVFH's customer base doesn't have drive throughs and take-out windows. They are exactly the type of restaurant that is going to be most hurt. The pandemic may effectively end by this time 2021, but it may be years before IVFH's wholesale business returns.
The question is how much more debt they can take on. If they lose another $5 or $6 million in 2021, they'll be back to the Fresh Diet days. They already lost $7.9 million in 3 quarters. I'll guess Q4 is a smaller loss - maybe $1.5 to $2.0 million. Then again, if this pandemic gets much worse in the next two weeks, we can kiss off expensive Christmas parties and dinners. Then the 4th quarter won't be much better than the other quarters.
They'll survive. I have contended for years that this company is effectively a privately held company masquerading as a public company. If they need money, they'll find it. The owners have too much invested to let it implode.
Quarterly is out. I have no idea why Sam didn't put this out Friday after the bell. That's the best time to put out a bad report and this one was bad. Company loading up on debt. Not that they have a lot of choices. This is one of the risks that one takes tanking the stock. When the time comes to consider raising capital by selling equity, that option becomes too expensive.
Agreed. Conditions in the USA are on the verge of becoming really ugly. If this election is close, expect major protests on both sides. The longer the count goes on, the more the Supreme Court gets involved, the more active the protests are going to be.
Welcome back to the late 60's. I have been expecting a return for a few years now. This could put Lamperd on the map. The Robinhood crowd just loves low priced stocks. Add a good story, some PR, and optimal conditions and this stock could soar. A few million dollars worth of buying and this stock will move 'bigly', if I may borrow a term.
Go LLLI!!
Agreed GT Mustang. The news just keeps getting better for Lamperd. It's been a long road, but I think the destination is becoming clearer in the distance. Lots of good news in the last few months. I have to believe some significant orders are going to come through fairly soon. A lot of people have gone through a lot of effort. There is going to be a reward for those who stick around to collect it. Count me in.
Sam and the company are looking at anything they can find. They are dead in the water and will talk to anyone who has an idea or a $100,000 to invest. It's not like they are alone. There are lots of companies with the same problem. In the end, change is unlikely.
SG&A for an e-commerce business should be higher than for a restaurant servicing business. And you are seeing this in the financials. Marketing alone is considerably more expensive. If one is shipping foods requiring refrigeration or freezing, then costs really rise.
Papas is looking less golden every quarter. He should have stayed on the golf course.
Q2 results are about as expected. Company is underwater and as things look today, it is not about to come up for air in the next 2 or 3 quarters. IVFH can tout its newfound direct to consumer prowess all it wants, but it is going to find this channel increasingly populated. Every company that preciously focused on the restaurant and institutional food business is now establishing a direct to consumer channel as fast as they can.
No doubt. Papas is one smart dude. The genius bought into a POS. The pandemic certainly hasn't helped, but the POS wasn't exactly functioning on all 8 cylinders pre-pandemic. At least if he burned the money,he could have sold tickets to watch him burn a few hundred grand.
It is beginning to look like this virus is going to be around for a lot longer than pop culture would have one believe. Whatever vaccines are being rushed through testing now are likely to either be minimally effective or potentially dangerous. I believe that the public will be hesitant to volunteer to become human guinea pigs for a vaccine rushed through development overseen by political hacks. Face masks and other protective equipment are going to have a lot longer shelf life than anyone might have expected even 60 days ago. LLLI is making the investment now for benefits down the line. Smart.
Unless you actually read the financials. Then you had to know something was wrong. Lot's of clues than a dope put them together - a really weak effort.
I'm going to vote otherwise. Mr. Papas is a fool. Sam holds all the cards. And if this pandemic continues, and I see no reason why it won't, then Papas could be throwing a lot of good money after bad if he wants to unseat Sam a year from now. They'll be fighting over a dead dog.
Sam may be a lot of things, but I very much doubt that he is dealing with Mr. Papas without an ace or two up his sleeve. I believe CoolHand has made an bad bet. The pandemic was clearly a black swan event no one could foresee, but in the end, it was only a matter of how much money he was going to lose. There are probably 10,000 penny stocks out there and another 7500 listed stocks and he doubled down on this POS? What am I missing?
BTW, let's assume they announce a vaccine just before election day, as I 100% assume they will. Do you know anyone who trusts the Trump-led FDA to ensure that the vaccine is safe and effective? Personally, I'll take it in 2022 after the 1st wave has proven it safe. Not looking to risk my health in a rush market to meet an election.
I was doing some cleaning the other day and ran into my copy of CyberKey's midyear and full year fake financials. That dirtbag reported $12.9 million in pre-tax profit for 2006. Sometimes, ya just can't believe everything you read.
Fear not, Grease. Papa is going to save the day, just like that fool on Seeking Alpha thinks. He's going to turn this ship around and get Sam to start acting like a grown-up. Ha. Chortle.
How much does Papas regret buying into this turd? 9.5 out of 10? 10.5 out of 10?
It will be closer to 70-75% when the dust settles. The survivors will all have drive throughs or sell take out food (pizza, Chinese, barbeque, etc.) Fine dining will be decimated and with it IVFH's customer base.
10-Q is out. Grease, you were a bit optimistic. Actual loss is about 4.5 cents/share. Sam's people wisely took the opportunity to start writing off some of that goodwill on the books. My experience is that companies like to use down quarters top write this stuff off. No use screwing up a good quarter. Make a bad one worse and get it over with.
Made a negative post on the IVFH article on SA. It was naturally suppressed. I am convinced the article author has a deal with Sam. Nothing negative in the comments. Sam's ego is too fragile to take some abuse. That's why you have no quarterly conference calls. It's more than poor Sam can handle.
No real surprises here. Let's see how next quarter comes out. Looks like the B2B business is going to be severely wounded for much of 2020. Looks like losses for at least the next 3 quarters.
It has been over a month since the last post. I am sure this is exactly as Sam would want it.
Thought you might find this bit of financial fantasy of interest.
https://seekingalpha.com/article/4356003-innovative-food-holdings-set-up-for-great-success?utm_medium=email&utm_source=seeking_alpha&mail_subject=ivfh-innovative-food-holdings-set-up-for-great-success&utm_campaign=rta-stock-article&utm_content=link-0
Just a touch one-sided as if the company paid for this. Not as great as the classic Denver Smith article how Sam 'stole' Fresh Diet and what that was going to mean for the company's future success. However, this article is just as tone deaf in thinking that IVFH has any interest in near-term shareholder value or has developed direct to consumer marketing skills on par with its competitors.
Enjoy the read.
We can only hope it was down due to high volume.
Things go in cycles and I have believed for a few years now that America would return to the activist and passionate days of the late 60's. It was unclear what the catalyst would be, but things are a lot clearer now.
It may not be a violent activism that we see, but the timing is right for mass protests. Massive unemployment, financial uncertainty, a polarizing President, schools are closed, videoed murder by cops... Things are not going to improve if the police respond with deadly force. Lamperd's products offer a middle ground between hand to hand combat and real gunfire.
A rising tide will lift all boats in the business of selling non-lethal crowd control solutions. Lots of people are clamoring for PRs to spike the price. Personally, I am pleased to see that Lamperd has resisted this. A little professionalism from a micro-cap is nice to see, if somewhat surprising. Maybe it means that the company has plans to issue news of real contracts in the coming weeks. I'll wait. It's only early June. These protests can go on for many months.
Q4 2019 was the best of times. Three good months of business with no excuses. Yet they made a pittance for the quarter.
Let's move on to Q1 2020. 2.25 decent months, though Q1 is not a big restaurant period. Then 3 weeks of disaster in late March. I expect a loss in Q1.
The open issue is Q4 2020. You are much more optimistic than I am, especially for the white table cloth restaurant business. Corporate cafeterias, eating clubs, and other high end food businesses are going to be dying faster than the dinosaurs did after the asteroid hit. I expect 75% or more will never re-open. This is IVFH's customer base. When the rest of the world figures this out, this is a 15 to 20 cent stock.
You give these clowns way too much credit for having a strategy. They are desperate to try to understand how to market anything via digital means. They have no clue. They are throwing stuff against the wall hoping something sticks. This is not an Amazon Jr. This is a collection of direct to consumer losers that Sam was able to pick up for a song. JMO.
Green - a statement like this is like saying we found that the sun came up in the morning and went down at night, so we adjusted our sleep cycle to accommodate. There are no restaurants anymore. Burger King is not a restaurant. It's a food store that sells burgers through a window while you drive around after talking into the clown's belly to place your order (oh wait, that's Jack in the Box). Matters not, I'm on a roll.
The company made $200K in Q4. That's sad. Q1 will be worse and Q2 will be much worse, Should be fun.
I can tell you from the activity I see in the food business that all these companies that sold to restaurants and food service are doing very poorly. They are all trying to pivot to direct to consumer, but there is only so much capacity in that supply chain. Sysco was too big to apply for PPP. And most of their business is to restaurants and food service. They are suffering, as are their competitors.
Grease, I think you may be right in your forecast. I don't see much recovery this year. I've been reading that there has never been an effective vaccine for any of the corona viruses. They mutate too quickly, so I would not expect any miracle cures. They may develop something to mitigate the disease once you have it, but that's not going to prevent anyone from getting it. Going to be a long time before people flock back to restaurants.
Bravo! Score one for tjwid. He wins tonight's Kewpie doll for best post in the last half week. That is precisely what we are going to see.
As for the PPP thing, it's a lot like a football team beaming about their offensive prowess in scoring 38 points in a game. What they fail to tell you is that the defense allowed 45 points, but if you don't ask, you'll never know from the company propaganda.
Think $1.40/share Comrades!! Here's to the good old days when IVFH stole Fresh Diet based on its 'market valuation'. Every tine I read that Denver Smith article I can't keep from laughing. It's a never ending source of amusement.
I'll buy the no transparency claim. I'm not sure I'm buying the no value argument. If we had honest and competent management, I suppose we would have a valuation for the business. Then we might understand that each ACGX share was actually worth 10 times the price it sells for. Wouldn't want something like that getting out. Could spoil the mood of failure and ineptitude that management has spent years cultivating.
You mean so far they plan to file by May 15. If the SEC lets them slide to July 1, do you think they'll take that opportunity? I'm going to go out on a limb and say 'Yes. They would.'
Doesn't matter what they did pre-pandemic. Q4/2019 is ancient history. It's a new world now. Q4/2020 will look nothing like Q4/2019 with the exception of the names of the months. Most restaurants that existed in 2019 will be memories in Q4/2020. Time for Sam & Co. to step up their DTC game, because it's the only game they have left. Not a good time to be leveraged.
If they already have the equipment to make the product, and they can at least keep people employed for a few months, this seems like a no-brainer. The company can get come publicity, make a few dollars, and do some good for the local community and the world. Well done, LLLI. And thank you.
Please explain something to me. Two somethings actually.
1) The company has 651,000 shares outstanding. They 'earned' $187,000. That's 28 cents a share in annual profit, after tax. The company owns a stake in People Vine, which has some unknown value. Yet the share price is 5 cents/share. How is this possible? How could a management team allow this to happen?
2) The company has 601,000 shares outstanding 3 months ago. Now they have 651,000. Are they using shares as toilet paper? How is it possible that a company that is virtually worthless but has shares that should sell for 20 times what they current sell for is so cavalierly handing out shares such that they dilute shareholders by 8% in just 90 days after a 4,000:1 reverse split? Is there no understanding of the value of these shares? Is there no attempt to inform the investing public about the company.
Heck, let's go for 3 somethings.
3) Why did they stop work on the audits?
Shareholders want to know.
They had an out to delay the release and they took it. In the end, no big deal. Expect the Q1 filing to also be late. I can't imagine they are going to file the 2019 annual and Q1 quarterly in the same week.
Excluding the fast food places with drive throughs, I would not be surprised if 80% of the restaurants don't open when this subsides. Between rent and labor, and having to restock the entire place, these people have to be dying. They work really hard and now it's all being taken away. I have a few friends who either own or have owned restaurants. They are not hopeful that many will recover.
Grease - Congrats. You have surpassed even your standard for incomprehensibility. I have no idea what you are ranting about.
I read the press release. Sam is just saying that DTC food sales are way up. What he's not telling you is that the restaurant sales are non-existent. So let's take a business that is 65% restaurant and 35% direct to consumer. Direct to consumer is up 100%? And restaurant sales are down 85%? Does that sound like a formula for success? Don't think so.
Happy talk. Sad results. We'll see. Q1 is never good. I don't expect any change here for the better.
Fresh Diet closed down abruptly roughly six months after Sam sold it. I would have given you 4:1 on 3 months, 10:1 on 5 months. I have no idea how they survived 6 months. But it doesn't matter. There is always a time when a company selling XYZ is in great demand. Just really tough when that time is 4 months every decade. This the time for the Fresh Diets and Blue Aprons. Come fall, they will be back in the POS category.
334,000 shares and now selling for 16.7 cents? Someone is throwing in the towel. Could it be Papas? The Antidote to Sam?
We'll know in a few weeks when the filing comes out. For Sam, this could be game, set, and match. All hail the new king, same as the old king.
My bad. 15 minutes into the afternoon and USFD is sub-$10. I forgot that the Orange Monster was speaking. It just aggravates the market when he and his people talk.
Let's see if this dung heap survives the restaurant closures. I don't think this is going to be 30 days. I think 60 to 90 days is much more likely. I can't believe more than 5% of all restaurants that don't have drive thrus will survive. IVFH's customer base doesn't have drive thrus.
Could have a 9 handle on USFD by this afternoon. Take Sam, give the points. If Papas has any brains at all, and that's not clear given his investment in this POS, he'll realize that he's fighting over a dung heap. Probably not the best use of his time and money.
The hill may be shrinking, but Sam is, as always, King of the Hill. This ain't gonna be known as Papas Point. Take Sam, give the points. Papas will give up in frustration. It's only a matter of when.
Stay calm Grease. Last I knew, you owned as much of this POS as I do - nothing. Just here for the final fight scene between Papas and Sam. Backing Sam and laying the points. Playing the chalk. Other than that, let's see how this virus play out.
Did you notice that the longer Trump spoke this afternoon, the lower the market went? Haven't seen that in almost a week. Used to be rare. Not so much any more.
Stay calm Grease. Last I knew, you owned as much of this POS as I do - nothing. Just here for the final fight scene between Papas and Sam. Backing Sam and laying the points. Playing the chalk. Other than that, let's see how this virus play out.
Did you notice that the longer Trump spoke this afternoon, the lower the market went? Haven't seen that in almost a week. Used to be rare. Not so much any more.