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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.
Abso-freakin-lutely worthless. Utter crap.
Pent up demand for restaurant meals? Do you mean if I don't go to a restaurant in March or April, I will eat out more in September and October? And do you really believe that an increase in direct to consumer sales nationwide is going to filter down in equal proportion to the least competitive players in the business? I don't think so.
Waiting for Papas to wake up and realize he isn't going to change a bad situation. He'll give up and get out. It's just a matter of when not if. Sam will win this game. The game is rigged in Sam's favor - as I told you months ago.
May not be good for IVFGH's restaurant business.
More good news. Green shoots (excuse the pun) that the company is making progress. Very encouraging.
10-Q is out. Not sure why. I've seen better Q's on companies in bankruptcy. File this under 'Gone forever'. An absolute disaster of epic proportions.
BTW - 2Business, I have read nearly a hundred of your posts. I have understood exactly none of them.
Why would I watch a football game if I don't have a bet on it? Why would I drive by an accident on the side of the road to see what's going on?
This is much better than a fender bender. This is a freakin' train wreck. And I love watch a professional work. Make no mistake about it. Sam has a plan. It's going to play out slowly over time. It's like the worst 3rd grade play you've ever seen. But since it isn't my kid in that play, I think it's amusing and interesting.
That's why I'm here. This is a lot more interesting than watching someone play vidiot games. Think soap opera. Just takes minutes each week to keep up with what's going on. Most weeks nothing is going on. But around ER times, the natives get all hopeful. Love watching and being part of the theatre.
Why would I watch a football game if I don't have a bet on it? Why would I drive by an accident on the side of the road to see what's going on?
This is much better than a fender bender. This is a freakin' train wreck. And I love watch a professional work. Make no mistake about it. Sam has a plan. It's going to play out slowly over time. It's like the worst 3rd grade play you've ever seen. But since it isn't my kid in that play, I think it's amusing and interesting.
That's why I'm here. This is a lot more interesting than watching someone play vidiot games. Think soap opera. Just takes minutes each week to keep up with what's going on. Most weeks nothing is going on. But around ER times, the natives get all hopeful. Love watching and being part of the theatre.
If it takes Sam 24 months to crush this newbie, then Sam is 1/3rd the man I think he is. I say he can frustrate him to the point of bailing out in 8 to 10 months.
You guys have so little faith in Sam. After all he's done to you, how can you doubt him? He not only holds the high cards, it's his casino! He knows where every divot is in the rug, every card with a bent corner, and he pays all the dealers himself. I believe Sam has a plan. If anything, he'll find a way to use this newbie as cover to continue his activities. If not, he'll have him taken out back and beaten with some leftover cheese that Sam can't sell because his DTC companies can't sell diddly.
Backing the Samsters all the way. Sam has the high ground. He and his minions can throw leftover merchandise on the Pappas troops below for years. Easy win for the Sammies. Gimme Sammy in the 7th by TKO. Sam for Emperor in 2020!
Sticking with Sam and laying the points. Until Sam is defeated, I'm sticking with him. He's still the favorite and Pappas' recent victories are just bringing down the point spread. Loading up the truck on Sam. He's the TB12 of CEO's of crappy little companies that are dead money.
I haven't been at this site for a bit. There hasn't been much going on. And all of a sudden, I see Mr. Pappas is making some waves here.
I read through the 8K quickly. I note they removed the no throwing sand rule for Mr. Pappas. The board can no longer remove someone if he doesn't play nice or bring good snacks to the meeting. Somehow, I fail to see the removal of one of the stupidest and most childish rules in the recent annals of Board mismanagement practices as a major step forward. The children who passed the rule are still on the board.
Mr. Pappas can throw a lot of good money after bad in pursuit of this 'gem'. I'm not sure what the payoff is. There's no Cadillac at the bottom of this box. But he must be smarter than I am because he obviously is richer, so let's see. Personally, I think he could have found another hobby. But if this is what amuses him, I wish him luck. For the record, I'm sticking with Sam for the win, even if I have to give a few points. I believe Sam can make this guy's life miserable. Can't wait for the next board meeting in Erie, PA in a cold a dreary March. Don't be late and no conference call.
Really wish Jimmy would post. You know he has to check in every once and a while. Looking forward to the next project.
Great news! At this point in the process, it's not about volume of units. It's about volume of clients. Don't know who this client is, or how big the potential, but these things tend to snowball. The process takes time, but if Lamperd can string together a few more deals between now and summer, we will know for sure that the growth process is moving forward.
WackaFlocka - Welcome to the dark side. We've been expecting you. But regretfully, this too is part of the plan. Sam's going to win this battle. He holds all the cards. Good decision getting out. Let's see how long it takes others to wake up and realize that this stock could remain dead for another 3 to 5 years.
Nice to see Lamperd products being shown at this show. Visibility in the law enforcement community is a large part of the sales process. Sometimes I wonder if people realize how long the sales cycle is when dealing with government agencies, particularly on products meant for crowd control. Each and every product is a potential reason for someone to challenge an aggressive arrest in court. Police and other government agencies need to do their homework and really put these products to the test.
I am hanging in there waiting for the order flow to really begin. I didn't expect it to happen quickly. It's been a few years since Lamperd began lining up quality distributors. I'm expecting some better news in the coming few quarters. Staying long.
The same fool who wrote the Seeking Alpha article that Sam was stealing Fresh Diet at 1x sales? The same Denver Smith? Remind me to put a buy order in for 30,000 tomorrow at 9:35 after the morning rush clears out.
I have searched several places and I cannot come up with a picture of 'Fingers', the KeepSafe mascot. Anyone have a decent picture? We need CyberKey T-shirts and Fingers is the perfect subject.
One way or the other, we need to resurrect this puppy. It's too strange a story just to end like this.
The time has come to resurrect this puppy. I'm thinking an entire line of Cyberkey Solutions paraphernalia. A few Fingers t-shirts and hats. Some Plant photos (Wonder if we can get him to autograph them for $20 each? In a limited edition, those puppies would be instant collector items.) CKYS mugs. Of course, some special edition memory sticks, minus the famous Cyberkey software that never seemed to exist.
It's early January, but Christmas will be here in just another 51 weeks. Every CyberKey investor is going to want at least a hat and a signed Jimmy photo. Perhaps a nice picture of Jimmy next to his 10 $5000 palm trees we paid for? Touching, don't ya think? I know there's a place for that photo in my office. I'll put it between my worthless ENRG stock and my worthless AFOM stock hanging on the wall.
I think we could sell hundreds of dollars of this stuff. In fact, if we sold one hat and one T-shirt, we could sell more than CyberKey ever sold in any year. Maybe all the years put together (if you exclude stock sales.)
Any interest out there? I'd pay $25 for a Fingers T-shirt. Anyone else?
Takeover by insiders? Are you serious? What do you think has been happening over the last three years? And what do you think is going to happen for the next 4 years? This is a slow motion takeover. No one is in a hurry because there is no need to be. Everyone is comfortable waiting for the payday, Management is overpaid. The directors are only missing Curly to remake the 3 Stooges. No complaints. No disputes. No one has been kicked off the board for not playing well with others for over a year. And not a single conference call with shareholders in years.
I'd say the takeover is well underway. You just don't recognize it due to the sloth-like level of activity. But at a few percent per year,I'm guessing it is moving forward nicely. Too quiet to think otherwise.
Big shareholders are in on the deal. You haven't noticed how much they have protested and demanded an opportunity to vote, have you? There's a reason for that. More pigs at the trough. And no one is going to acquire a company that gets 63% of their sales through one customer. But otherwise all is well.
It's part of the wag the dog strategy. By purchasing additional properties, it changes the discussion from are are you doing to what are you planning for the future? As for this property, the fact that it sold for 80% of appraised value should tell you that as the property is currently being used, it is not meeting its potential. As for what Sam will do with it is a question mark. Seems a bit odd to me that one would be buying real estate in the 11th year of a recovery from a previous recession, but that is subject to debate.
Remember, the more distractions that management can provide, the more complex it becomes to understand the business. And since IVFH offers no guidance and despises its retail investors, I guess the people on this board will never know.
You don't have to explain how private label works. I've worked with it for years. iGourmet is a e-commerce retailer. They don't make product. They sell it. It should be pretty obvious that Martha doesn't need to take advantage of iGourmet's minuscule marketing prowess. They are simply a fulfillment center. I would guess the finish products are made by a co-packer, then shipped to iGourmet for fulfillment. Martha uses the iGourmet ordering system and fulfillment capabilities. At best iGourmet makes some money for renting their capacity. Otherwise, I doubt they share much if at all in the profits from each sale.
As for my spin, I have been correct in assessing IVFH's business acumen or lack thereof for the last 6 years or so. I'll stack my track record along side anyone's. It's not spin if it's accurate. I don't spin. I'm telling you what is going on. You can choose to believe it or not.
What private label? Since when does iGourmet make anything? They offer marketing and fulfillment. Obviously, marketing isn't something they do well, but Martha doesn't care about that. She will do 99% of the heavy lifting. All iGourmet does is fulfillment. And I would be quite surprised if they got paid for more than pick and pack.
This is not a partnership, not matter how they spin it. This is a service provider agreement. One does not pay the warehouse staff 10 cents more whether they are picking Alpo at 84 cents a can or canned snail at 12.49 a can. It's the same work.
Martha had no effect because it's not complicated to understand why Martha would deal with this organization. Picture Martha's people holding a bunch of meetings with people that ship products. They can be branded places like iGourmet and they can be nameless fulfillment centers, of which there are hundreds across the country.
So what is Martha looking for and what are the fulfillment centers looking for? Martha will likely do 99% of the advertising. All they want is fulfillment (packing and shipping). The fulfillment center offers no added value. So iGourmet walks in and so do 5 fulfillment centers. The 5 fulfillment centers want to make a profit from working with Martha. They get no added benefit. iGourmet wants to take the order so they can get the e-mail and street address. They can add a flyer to the shipment. iGourmet doesn't need to make a profit. They can work at cost. Martha's people are not stupid. They give iGourmet the deal and save money on each shipment.
Now the big question is - 'can they capitalize on the name and address they effectively bought?' And the answer is 'we will find out a few years from now.' iGourmet needs to step up their marketing game. This is an opportunity to cross sell and buy the names of people who buy things via e-commerce. If they can't convert these people to iGourmet customers, they should throw in the towel.
Grease - you're being overly pessimistic. Now you know I am not a fan of this company and especially its management, but these guys can and will make money in Q4. They always have and always will. It's the other 3 quarters that are in doubt. Not the 4th quarter.
Excellent point GT. It's all part of the merchandising process. Lamperd doesn't sell commodity products. It's not like a tennis racket or a pair of shoes. People have to be trained in using these things. But more importantly, while they are being trained, they are being sold on using the products.
The downside of these kinds of products is that they take many quarters to to gain traction. It's a long process made even longer by the fact that most customers are government agencies with purchasing budgets. I believe the process Lamperd is following is the correct path. I just wish they could accelerate the process a bit to make 2020 a really good year.
Fish - You were so close. You got the off the radar part right. But you missed the part where management controls the company and profits off the backs of small shareholders. It doesn't end. Management continues to feast at the table that you and other small shareholders paid for. I've seen this before. Your chances of sharing in whatever wealth this company creates are slim. The game is fixed.
Next quarter is Q4. They will be nicely profitable. It's the seasonal peak.
Grease - From management's perspective, a modest loss is just perfect. It keeps the stock below the radar and makes the PE ration more reasonable. Q4 will be better. It always is. But make no mistake about it, no one in the Board room is concerned about these numbers. In fact, if they could design the quarterly report to their precise plan, it would look just like the Q3 numbers they just published.
Don't know about timely, but IVFH is a sure thing. Sure thing you will be frustrated and disappointed. Of course, this is all by design by the people running this POS. There are no coincidences. Company management can play the very long game while they wait. Strange how someone making $300+K (or more?) a year can be patient waiting for a big payday, but somehow they manage.
The article was poorly written by someone who understands nearly nothing about this business and why it sells at such a low price relative to peer organizations. There are several companies selling at incredibly cheap valuations statistically. In my experience, they do so as a result of management that has voting control and a FU attitude towards minority shareholders. Shareholders don;t care if the company is accumulating cash if there is no chance they will ever see the benefits.
Let me know when you get to vote on the board. That will tell you that Sam no longer has 50+% of the votes in his pocket. Until then, this POS is going nowhere.
Did you read the article? Then ask yourself if the author knows anything about this company. He analyzes numbers but knows nothing about the business or the way the company is run. In the old days, the expression was 'Paper don't refuse ink'. Any forecast printed on computer paper must be legit because it was created by a machine. The expression needs updating for people who write articles yet know almost nothing about their subject matter. People love to see themselves in print even if it makes no sense.