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You certainly can change your mind - just makes someone wonder why...why take the time and energy to follow, and post, on a stock board that you have no stock in? Beats me. I guess you have nothing better to do.
Things change. Those who fail to adjust typically end up on the wayside, being passed by those with the vision to adjust course to where things are GOING TO BE, not to where they're at now.
Have you ever watched someone chase a frisbee that has a slight cant to the throw? It's really funny, amateurs will run towards the disc, following the curve of the flight path, often to have it land just out of their reach in the end. The experienced player runs to where the disc is going to land...not chasing it, but meeting it, and oftentimes arrives in position early and ready to make the catch.
We have a CEO that is running to where the disc is going, not chasing it around to watch it fall just ahead of his outstretched hands. Did you read the article DOLLARLAND posted? I'm guessing you didn't, as if you had, it would be clear to you that this is the best decision. I'll admit, I was looking forward to the uplisting. I was almost disappointed when DOLLARLAND sent that link, but guess what, hearing this today from Eddie just confirms that he's ahead of the power curve, not behind it.
The truth changes daily. Those that don't adapt will perish. We're applauding a CEO that's proactively and reactively flexible. You may call it inconsistency if you want. The rest of us have a different name for it. It's called VISION. I hope for your sake you get some someday.
I agree with you. Here's my opinion on this company, and anyone may feel free to openly disagree.
A lot of the penny stocks I've seen kind of fall into a few categories.
- There's the too good to be true, with no verifiable information and a lot of big question marks stock. They seem to get hyped, either with fluff PRs or by groups that just create runs based solely off of investor emotional momo
- There's the lotto stocks, the ones that may never do anything, but if they manage to actually pull "it" off - whatever that "it" may be: financing, partnership, etc." they have massive potential and so people play them for what they are - a long shot lotto ticket
- There's the shell plays and R/M plays, which really kind of are a little category of lotto stocks
- Then there's the real companies, that have a real business plan, and real operations, good information flow, and transparent CEOs. Here's the problem (and the beauty) with those stocks. There's no way to really hype them.
So...here in pinky world, there just aren't a lot of long term investors. Let's face it, most people that trade these stocks do just that, they trade - they don't really invest. And so when you have a company like RTXB that has real products, an expanding product line, doesn't really need financing, has a transparent CEO ... there's nothing to generate excitement really.
We're not waiting on news of a huge financing deal. We're not waiting on news for a huge partnership with a mega-firm. We're not being treated like mushrooms like what happens in a lot of shell plays (you know, fed sh*t and kept in the dark). We know what the products are. We'll know when they add new product lines. The CEO was very forthcoming with information in his interview. Eventually this company may (I hope) do very well, and establish itself as a very large company in the state with largest economy in the U.S., but it's going to take some time.
In the meantime, hoping to find new shareholders that are going to hold long term and wait for this to all develop is going to be tough. Most that would even look at RTXB would probably not be willing to hold, preferring to trade and increase their own capital in anticipation for the time that expansion and profitability really start to take off here, and THEN start to build sizable positions.
That's all my 2 cents.
Eddie, as always, thanks for the update. Your continued transparency here is unmatched in the OTC world and is appreciated, not taken for granted.
Your comments on the choice to remain on the QB instead of moving to the BB makes sense, especially as many of us read the article posted by Dollarland (Six Cents, Rhino) about the future of the OTC and how the BB may in fact go away in the next couple of years. We trust that we are heading towards a future where SMKY is on a higher exchange, and that the decisions you're making in directing this company are always the best long-term for everyone here.
Also great to hear that things went great in Canada and that you're headed back to continue to work on securing financing which will allow the purchase of full-size ovens and construction of facilities!
Also great to hear that soon Sysco-Iowa will be receiving more exposure! A lot of good things in the works here! Thanks always for your efforts.
Well, probably because it wasn't major news. Sure, maybe with better timing and a little more fluff they could have generated some pump volume, but nothing sustainable with only moving up to the QB ... just not a game-changer, as I shared over the weekend when I expressed my doubts that Friday's new would cause any major movement this week.
Zeake, I love your enthusiasm, but I just don't get it. Didn't you listen to the CEO's interview? Or do you just not agree with Lawrence...?? because he pretty much stated that he felt the stock wouldn't really move at all until sometime in early 2012.
I have a position here, I'd love to see it move, I'm not bashing the stock, and I think it's a solid play long term. It's just that I don't see this trading in any kind of multiples by the year's end. I hope I'm wrong, but I'd be surprised if it was trading steadily over .02 come New Year's.
Yeah - funny how when you're pursuing your dream and are passionate about the big picture, there seems to be an abundance of energy. We definitely have an extremely hard-working CEO, and what's incredible is that we're all going to reap the rewards of his diligent efforts. Cheers to Eddie!
Yeah, it says in there that do to liquidity and capital they were unable to start early enough - no big deal. Basically said, "hey, we didn't really have the means to pay the legal and accounting guys to start early enough...so we're a little behind. We've started now, just need a few extra days. Thanks for understanding."
There's a merger idea? Did I miss something here?
I'll second that! I'm ready to start the holiday SMKY train ride
Hope everyone had a great weekend - exciting news to keep coming this week and the following weeks, it's going to be a good holiday season.
It sure is nice to know that even when little challenges come; like vehicle mechanical issues, a towing bill, rental car, repair bill, and all of the hassles of dealing with that (or whatever is happening in your life) ... I heard something from a very smart, and very wealthy man a few years ago. He said, "If you have issues in your life that you think are big, if they're not going to be important five years from now, they're not important!"
... so it sure is nice to know, all the little nagging things, they don't really matter, and a big part of that has to do with the financial future that SMKY holds/brings to those who see the potential and chose/choose to invest now.
It's a good feeling to rest easy largely knowing that I have a nice chunk of shares that is going to set me free in a few years.
Here's to a great next week!
Yeah, absolutely. Canadian production facility will be the avenue for distribution overseas to markets we can't touch from the U.S., such as Europe and Asia...and what a huge seafood market there is in Asia! Global presence indeed. Will take some time to develop like everything else, but in the big scheme of things, Smoky Market is on the accelerated fast track.
It's a good step. I wouldn't call it the big time...based on another stock I'm in that did the same thing. It's definitely the right direction, but QB is still a tier of PinkSheets, just an upper tier...so it's kind of an uplisting, but not so much. The next step after that, and a much more significant step, would be uplisting to the OTC BB.
Like I said, it's a great step, but I wouldn't be too disappointed if the PPS doesn't exactly skyrocket.
I propose a contest - first person to post a picture of a Smoky Market product in a retail setting: i.e, casino, deli, etc.
and the prize could be ... well, I'm too cheap to offer an iHub subscription, so no prize, but winner takes all.
I just wanted to publicly thank my friends and classmate who gave their lives in Iraq - Jon Edds (2007) and Tim Cunningham (2008); Jon's college roommate Dan L. and his wife Cherise L. currently serving as company commander's in Afghanistan, my dear friend and classmate Ray M. currently serving in Iraq, and the hundreds of other friends and classmates that I had the privilege of serving with both tours in Iraq...
We (Soldiers/service-members) serve for many reasons, for varying lengths of times, and in places and conflicts that we have varying opinions on. We do not determine the validity of where we have been sent, but fulfill our oath to protect the constitution and carry out the lawful orders of the President of the U.S. and the orders of the officers appointed over us.
This is a bittersweet day for me, my time in the Army officially ends on Monday...I'm thankful for those that are willing to continue to make the heavy sacrifices that are currently the norm in our militaries.
And I want to say thank you for the thousands that have thanked me over the past 11 years.
Ultimately we serve to protect our rights and freedoms, to include free enterprise, a capitalistic society that offers opportunity to those willing to risk their blood, sweat, tears, and money to pursue their dreams (people like Eddie) and in the process add value to the lives of many (shareholders). We truly live in a great country.
The next six weeks will be interesting for sure, heck, there's so much happening right now it's hard to even guess what might happen. Excited to hear how holiday sales end up.
I've never played backgammon, but talk about taking advantage of an opportunity to up the ante here. Truly incredible, the few times Eddie has "failed" to deliver (think groupon) it's because something bigger is in the works.
It really just keeps getting better here.
All I'm saying is if you're going to climb a rock and pound your chest when you're right, you gotta be willing to take it when you're wrong, especially when you're dead wrong. Like today.
No jealousy here, just enjoying having some humor on the board.
Thought the chart "said" we wouldn't close green...we not only closed green, we stayed green all day today!
Funny, our "expert" friend that smelled something "fishy" about SMKY seems to be lurking around. Apparently SYSCO liked the smell of SMKY fish.
Still love that save message function. Hehe
maybe off-topic, but nice signature image ... especially today.
Oh, thanks for the warning. I always appreciate kind hearted warnings from folks who clearly have done little to no DD on a company.
Consider me duly warned. Thanks for your selfless service in this matter.
Typically he waits until the chart indicates that news should be imminent and then he does an official PR.
Just kidding. We haven't had all that many official PRs, there have been a whole lot of things that have been in the works that Eddie has let us know directly on the board, on the website, or through shareholder newsletters that were important but probably didn't warrant the cost of a PR. Don't know when we'll see this announced. Seems like so many things are going on that might wait just a little bit and wrap two or three nuggets into one PR.
Also, this is just speculation, but he might be waiting for the uplisting to the BB ... would hate to PR something, get some new eyes and have potential investors choose to not dig into the details simply because SMKY is still a pink sheet stock. I don't really know though - but it will be good when it comes!
a) have you listened to the interview with the CEO?
b) have you ever lived in TX?
i'm guessing the answer to both is no, as you'd already have clear answers to your questions.
Welcome ... glad you're watching, I think you'll like what you see.
I hope, as it's my largest holding by far...:)
They've clearly been busy. Already have the spec sheet available for the product sizes offered, so this is obviously beyond "in the works." website indicates a vendor could order right now from sysco - sku number and everything. What I'd be interested to know is how many regions there are and how much information sysco shares internally, ie when sales in the sysco Iowa region start rising, how quickly will sysco spread the product to other regions? I don't know if there's any way to have visibility on that, unless someone is really familiar with sysco, but step by step, some big, some small, Eddie is building a (inter)national brand. In a few years we're all going to look like geniuses for investing in SMKY at this stage of development.
Can you confirm this news? Not that I don't believe rambo but would like to get confirmation from someone else while we're waiting for official confirmation from Eddie.
Very nice! Dan and Tariq just keep moving along with the plan. As usual, wishing I had more funds to add down here, what a gift these prices are to those able to add here.
Oh yeah...I knew there was something else, and I had that in mind, but by time I stopped rambling and actually listed out the upcoming events, I forgot.
I don't know. The last time I corresponded with Eddie my understanding was that a lot of clarity was going to be provided through the YouTube channel, that the videos were done, and that all that was left was for legal counsel to approve them before launching the YouTube Smoky Market channel. That was "hopefully" to be done by the end of the week a couple of weeks ago. Clearly not done yet.
This doesn't concern me. I don't know why the "delay," but as Eddie mentioned in one of his more recent posts, we're in a dynamic environment, and my guess is that the game plan is constantly be changed.
In the Army we were trained on a lot of battle drills, and of course for every mission you lay out multiple courses of action - but everybody knows at first contact the plan goes from being very detailed to an overarching frame of guidance where junior leaders make both proactive and reactive decisions in an environment oft clouded with the "fog of war."
What's great here is that we can have utmost confidence that when there's a slight lag in the pace that we would prefer to get news, it's not the case that our CEO was blowing smoke, but we can rest assured that he and his team are making adjustments to best setup SMKY for success. The truth changes daily, and I believe Eddie is more than capable to react and proactively adjust our compass heading towards success.
Of course, I know you know these things already, but just felt like rambling a bit.
Things still to look forward to in the near future:
- YouTube Channel
- Groupon Launch
- Announcement of completion of financing through sale of preferred stock
-Yummy fests
- Launch of production of the Kosher line of products
- Completion and details of agreement with Canadian affiliate
And some that I think could be coming (i.e., I don't think specifically stated, so this is just my opinion)
- Holiday marketing plan (I'm pretty sure somewhere Eddie mentioned that they are fully aware of this seasonal market and are taking steps to capture a share of it
- Purchase of a full sized oven ( I think the plan was looking at sometime in early 2012 for this)
- Distribution/partnership agreements with grocery store/supermarkets and possibly wholesale type stores (Sam's Club, BJs, Costco, etc.)
(anyone feel free to add/correct my info if I'm not tracking the most current information out there on this stuff)
Morning. Nice to hear things are still moving forward here. :)
I would suggest you read the 10-k, and the posts from the CEO ... between those two and the rest of the stickies, you'll have a pretty clear understanding of what the marketing plan is...much clearer than asking a poster to try to sum it up in one response.
probably 20-30 minutes of reading, maybe an hour max - definitely worth the investment of the time for this one.
Best of luck.
Hmm, that's an interesting post. Based on your other posts, seems like your biggest concern in a stock is fundamentals - so pray tell why this isn't a good investment?
Hehe. Sorry. There's some here (like Pianoman) that were buying under .01 ... it stayed at .0075 for a bit early in the year, I just didn't have any funds free. Although I don't have the income that I did a year ago, I think what CharlesD has mentioned is one of the best strategies for a stock like SMKY - buying weekly. Average up and down. Don't really worry about the chart...although when it's down where it's been, that's definitely a good time to divert additional funds and "load" up...for me personally I just find it too hard to try to time something perfectly. Much easier to buy at a price that you think will be low in the future. If it goes up and you still think it's got room to go up, buy more and average up. If it goes down and you think it's going to go back up, buy more and average down. That's just me personally.
Everyone buying at these levels will be "rubbing it in" to new folks on the board in the future when we're at 10x the current PPS
Hahaha...dude, calm down. I like your posts. They crack me up. No need to have thin skin. I found the bottom on SMKY when I was loading up shares at .01. We'll get news soon. I agree that helping people is good. All I'm saying is that we know news is coming, it has nothing to do with the chart, and I'm about 100% positive that Eddie and team will release news as news-worthy events happen, i.e., they're not "timing" the news release with some indicator on the chart. But hey, do what makes you happy. Like I said, I enjoy your posts...it's all good in the hood.
can you decipher that for me? :)
So you're using the chart to predict the uplisting to the BB that we all know (confidently think) is coming in the next couple of weeks? Or raising of financing through sale of preferred shares that we know is going on?
I'll make a prediction without looking at a chart. News is coming!
I'm kinda messing with you, but I do think it's kinda funny. We know news is coming regardless of what the chart looks like right now.
Great! Appreciate the update. I've tried to call multiple times, always get a non-specific voice mail (which I leave a message on with my name, that I'm a shareholder, and that I would like a return call or update) ... but, I'm just glad that there are some folks talking to Scott and it appears things are still moving forward. I might have to free some funds up and average down here just as a lotto play. Tough to justify moving funds into something that's been stagnate for so long, but after waiting for many, many months now, might just be worth it to get some more down here.
Nice - started a position here a few weeks ago ... depending on when this and a couple others move, am hoping to move some profits from the gold in them hills into AIMH :)