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Let the bloodbath begin, already down 22% and 11.3 M shares traded. ;(
Only positive I can say is at least he confirmed we are already at the 190-200k range for q3 only 6 weeks in.
Wtf are you smoking?
Pretty sure you don't audit Quarterlies...
This is pathetic. To busy "growing the brand" but can't forget financials and staying current is a pretty important part of running a successful business. Next pump i'm out.
Has anyone emailed him?
Can't believe this bozo has to wait this long to release these. Ridiculous.
Says who?
Nothing like waiting to the very last minute to drop financial Rich...shows how much you DO NOT care about your shareholders. A 10Q is not rocket science. Dumb.
Q2 has to be out by tomorrow correct? Looks like it was 7 days after the last Notification of late filing.
That is not true at all. For one, we buy Organic, and we like that it's zero sugar. Even if I wasn't invested I would buy this. Any other wines out there like this one? Not seeing any...
Repeat sales? We aren't even in every market possible yet... No everyone has a bevmo or stores that may even come close to where they could buy this yet. I live in Iowa and no one carries it yet because we have no distribution. I have to go over to Illinois and have them actually order it. Now if I saw this at my local Hyvee (we have three of them in town) or Walmart or Target I'd buy it. They are not available. You are acting like this is in every market and people are not re-buying in a three month period. That is just asinine. Maybe we need it actually AVAILABLE to the majority of people to say that it is not successful in that regards. Saying.
Nope. Not the email I asked him about what he was doing with dilution.
I did but so what? Not sure what you are getting at? I'm not saying I'm not frustrated with this company because I am. I am trying to be optimistic because we are all acting like this company is going straight down the toilet before it even has any time to get out there and sell. We haven't even gotten into every location possible yet.
How so? I'm happy he put out an actual PR with some forward looking statements. Other than that I really don't have a choice but to sit and wait to see what happens with this because I'm not going to sell now and lose 75% of my investment. They still have 10 more states to get into for one, retailers to get into, and push for marketing. I'm being optimistic..I didn't see this as a fast money play.
I think our wine.com addition is underestimated. We just got on there like what..the end of Q2? Beginning of Q3? I think that was a huge addition and should help grow revenue. If we can just get into one of the large retailers I think we are golden. There's still alot of retailers out there we can tap into to help revenues. I think they need to go after ALDI to be honest..as they are going all organic.
BK? Am I missing something?
Either way it's still being bought.
I would have to disagree that it's NOT selling. We've seen it sold out at numerous places by people doing their DD. I myself went over to Illinois to pickup two bottles of zero and they had all three on the shelf from when I had them order a case of each and they are pretty much all gone. There was only 1 bottle left of zero after I bought my two and only two bottles of brut and rose left. This liquor store mind you, have about 100 different kinds of wine..so for those to be bought without any advertising or marketing at all is pretty good in my opinion.
Which is why I wonder who the largest holders are? I thought I saw a holding company had like 9% stake?
What I feel he is not being truthful with us is why did the OS increase so drastically in such a short period if time..annnnd the week of financials? All I want to know is why? Debt? Money for operations?
I know about the deal, what I'm saying is why didn't they just settle and cash out when the share price was .02-.03+ Them cashing out at these levels is just assynine.
Agreed.
How much debt do we owe southridge?
And...if Rich himself owns 60 million shares..at this sp its only 300k. He could have sold at .03 for $1,890,000. Thats a pretty big difference.
Also...who is the largest shareholders in this company? Can we find out? Is there a board?
One thing I don't understand is why issue and sell them at this dirt cheap price? How can you possibly make money?
He denied it in an email from me. Said he was shocked and appalled that I would believe he would dilute the week of earnings.
Just have to wait it out...even through the pain.
If anything the company should be worth more because it didn't have its distribution even setup when it was at its 52 week high. Ive neen adding small increments sub penny..normally just 9000-10k at a time. I'm only sitting at close to 400k shares but that a lot of $ for me tied into this.
I'm not as new as I once was to investing. If this was two years ago I woulf be selling now taking a huge loss. I've done this with tons of stovks only to see them turn around long term or even double. I'm trying to be patient this go around. If I make it to the end of 2018 and this is still down at these levels..well I think I can consider that I was a LONG. I've been holding since way past their 52 week high..unfortunately I added during that time as well but still hold. My average is about .012. I'm sure we can get back there again easily with strong sales.
Well van u blame them? Why buy at the ask when this is a falling knife until dilution stops.
As much as everyone wants to believe we weren't fully in all these stores or available for distribution to everywhere in q2. We still have to add Canada to the mix for q3 and q4. Guess everyone is forgetting this in their panic selling. Plus...canada is only carrying one...I'm sure.the goal is to carry all three flavors.
FYI - went over the bridge to Illinois yesterday and grabbed two bottles of zero sugar. Might have to drink them both tonight to forget how much $$$ I'm down the past month. ;) I'm still going to remain optimistic, its a great product...its niche, its not going to die and go away aftet this qtrs results. A lot of you are being over dramatic. I'm not happy with the sp but its mot like its a dead stock already...this has came a long way pretty fast if you think about it for their distribution...ya gotta give them that. If they do get one large retail chain that would be huge for sales. In that case, lets say target...do they still order from a distributer or directly from icnb?
I'm definitely not trying to make a mountain here. All I want is clarification on why the dilution is taking place. If it's funding the rollout and support of this brand then I'm all for it. He never once tells us why or what the $$$ is going towards.
Oh I'm sure! Or else he won't reply.
LOL - right?
I will NOT be responding to e-mails until Monday August 21st. I will have very limited access at best to e-mail. If it is an emergency please text 516-707-1824 and I might be able to access the text before getting back to you via e-mail.
All the best,
Rich
--
Regards,
Rich
Richard J DeCicco
516-707-1824
richard.decicco@gmail.com
Sent Rich the following email:
So I asked you before why the increase in the OS and you took offense to me asking why we added almost 63 million shares to before earnings.
There are currently 984,391,831 shares outstanding. (Transfer Agent confirmed this)
Can you tell me the reason for the increase? Is it because of a poor Q2? Is it money needed for operating costs? Salaries? Expenses? Can you please give your shareholders some insight? There is obviously something going on because the share price has plummeted about 84% in about 2 weeks now.
Thank you
Jason Cosley
What I find interesting that this is trading at the same price as a damn bankrupt ticker that is dieing and going away SUNEQ. Pathetic. When will the dumping and this falling knife ever stop?
Definitely not disagreeing with you there.