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ZOLT in play hires JPM to evaluate plans
30% short interest, pennant breakout.
http://stockcharts.com/h-sc/ui?s=zolt
Should be an interesting day.
or if you want value SGRP is interesting.
ZOLT pennant breakout short squeeze
Interesting chart
http://stockcharts.com/h-sc/ui?s=zolt
8m short 25% of outstanding.
Afterhours news pennant breakout ZOLT
Interesting chart:
http://stockcharts.com/h-sc/ui?s=zolt
In play, low outstanding 34.4m, & 8.1m shorts to exploit.
Ought to be worth more than 410 million.
ZOLT interesting chart pennant they are trying to break.
Short interest out at 4pm & trading looks like a big short circle jerk. Squeeze possibility, perhaps?
ZOLT running away...52wk high test?
400 million for a carbon fiber company still seems cheap..
ZOLT in Play
http://finance.yahoo.com/news/quinpario-partners-discloses-group-ownership-231900032.html
The Quinpario Group disclosed in a Schedule 13D filing today with the Securities and Exchange Commission aggregate ownership of approximately 10.13% of Zoltek's outstanding shares, making the Quinpario Group the Company's largest unaffiliated common shareholder.
Go buy some cheese
There are $1 off coupons, course I want you to pay full price, so you'll have to find them.
(16) Quarterly Operating Results (Unaudited)
Unaudited quarterly operating results are summarized as follows:
Three Months Ended (Unaudited)
Fiscal 2008 March 31 December 31 September 30 June 30
Net sales $6,427,240 $6,446,099 $6,401,124 $5,916,137
Gross mar 2,096,992 2,300,899 2,660,286 2,455,769
Net income 232,150 295,365 660,341 150,999
net income p/s 0.01 0.02 0.04 0.01
Diluted NIp/s 0.01 0.01 0.03 0.01
Stock deficit(632,699) (864,849) (1,160,214)(1,820,555)
Three Months Ended (Unaudited)
Fiscal 2007 March 31 December 31 September 30 June 30
Net sales $6,491,152 $6,110,619 $6,727,777 $7,832,562
Gross marg 2,716,797 2,693,387 2,770,027 2,757,350
Net income 201,179 726,184 561,564 (1,342,429)
net incomep/s 0.01 0.04 0.03 (0.07)
Diluted NIp/s 0.01 0.03 0.03 (0.07)
Stock deficit(1,971,554)(2,172,733)(2,919,365)(2,591,259)
Good ?
It would be silly to file NT 10-K Notification that Annual Report will be submitted late.
Just more paperwork to do.
Probably just a pain to even submit the paperwork required of a public company. Easier to just take it private.
Though a reverse merger with a larger company seems like an interesting option.
Perhaps someone could stop by
5955 TG Lee Boulevard
Suite 201
Orlando, FL 32822
to see if anyone is there & ask if they need some help.
Fred is probably over around Ft Lauderdale somewhere.
Perhaps he will give them a hand.
Course he might want his note paid back or something.
Not there yet
http://www.otcbb.com/DailyListContent/delistings/OTCBBDelOpenReport.pdf
I am sure they are going to have an outstanding report soon given the raises they paid themselves.
Nope
Still own .1349% of the outstanding shares.
Debating whether if I need anymore.
2.65 million market cap w/ .11 P/S seems cheap, but I don't like the management raises, bonuses, poison pills, & such.
Think we need to cut some fat non marketing minded executive salaries & turn this company over to some management that cares about shareholder value.
Where's Fred at these days.
Trade I see nothing wrong with
Poor Souls post.
Personally I think we may need to institute a new board of directors soon.
Hmmm..Raises
$123,544 in raises & bonuses.
Must have got sales up to 10 mill this q & paid off DeLuca's note or something.
Sure wasn't for stock performance.
Perhaps maybe these directors might use that money to purchase some shares in this company they run now.
Cricket "chirp"
Sure is quiet around here
Interesting spread at .18 x .27
Thought about offering 5k at .26 to close the gap a bit for fun, but decided why bother.
Found 11 new veggie toppings in the case at local HyVee the other day. Now there are 10.
Didn't see any hummus.
Customer survey & suggestions here:
http://www.galaxyfoods.com/consumercare/survey.asp
Pumpkin Strata with Cranberry Chutney
http://www.cancerrd.com/Recipes/pumpkinstrata1.htm
$7984 in trade volume
Just isn't that convincing a move. Especially with nothing today.
Course some insider buying or a stock buyback plan might help things.
Not Really
Still in that 15 - 25 range w/ the 23 cent pop coming on a 100 share trade. Not much volume. Still bid ask at 16 cents by 23.
Quarterly revenues > 10 mil w/ profitability & a partial payback of Delucca would be impressive.
Might not get to 13.
Seems Lipka signed this the other day:
SECOND AMENDMENT TO SUPPLY AGREEMENT
This Second Amendment to Supply Agreement (this “ Second Amendment ”) is made and entered into this 17th day of March, 2008, by and between Galaxy Nutritional Foods, Inc. (hereinafter “ Galaxy ”) and Schreiber Foods, Inc. (hereinafter “ SFI ”).
WHEREAS, Galaxy and SFI entered into a Supply Agreement effective as of June 30, 2005, which agreement was amended by the letter agreement dated November 3, 2006 (the “ Agreement ”); and
WHEREAS, Galaxy and SFI desire to extend the term of the Agreement and to amend certain other provisions of the Agreement.
NOW THEREFORE, in consideration of the premises and of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Shortfall Payment . Notwithstanding any provisions of the Agreement to the contrary, Galaxy and SFI hereby acknowledge and agree that the Shortfall Payment to be made by Galaxy to SFI pursuant to the terms of the Agreement, including without limitation Sections III(C)(1), (2) and (3), shall be as determined by this Section 1.
a. Subject to Sections 1(b), 1(c) and 1(d) below, the Shortfall Payment shall be determined as follows:
i. If Galaxy terminates the Agreement (other than pursuant to Section VII(B)(1) of the Agreement) at any time prior to the first anniversary of this Second Amendment, the Shortfall Payment shall be $5,100,000.
ii. If Galaxy terminates the Agreement (other than pursuant to Section VII(B)(1) of the Agreement) at any time on or after the first anniversary of this Second Amendment and prior to the second anniversary of this Second Amendment, the Shortfall Payment shall be $3,400,000.
iii. If Galaxy terminates the Agreement (other than pursuant to Section VII(B)(1) of the Agreement) at any time on or after the second anniversary of this Second Amendment and prior to the third anniversary of this Second Amendment, the Shortfall Payment shall be $1,700,000.
iv. At all times on or after the third anniversary of this Second Amendment, the Shortfall Payment shall be $0.
b. In the event of either party’s Change of Control, Galaxy’s obligation (and, for purposes of clarification, the obligation of such acquiring party) to remit the Shortfall Payments to SFI shall terminate and be extinguished as of the date of such Change of Control; provided, however, that if there is a Change of Control of Galaxy in connection with the sale of Galaxy (including stock sale, merger or sale of substantially all of Galaxy’s assets) for a purchase price exceeding $50 million, then the obligation to remit the Shortfall Payments to SFI shall not terminate pursuant to this Section 1(b).
c. If SFI terminates the Agreement, Galaxy’s obligations to remit the Shortfall Payments to SFI shall terminate and be extinguished as of the termination date.
d. If Galaxy terminates the Agreement pursuant to Section VII(B)(1) of the Agreement, then Galaxy’s obligations to remit the Shortfall Payments to SFI shall terminate and be extinguished as of the termination date.
2. Amendments . The Agreement is hereby amended as follows:
a. Sections III(A) and (B) of the Agreement shall be deleted in their entireties, and in their place, the following shall be inserted:
“ TERM AND PRICE .
A. Term.The “Term” of this Agreement shall be for a period of fifteen (15) years from the Effective Date of this Agreement (the “Initial Term”).
SFI may terminate this Agreement prior to the end of the Initial Term, without penalty, upon provision of written notice to Galaxy issued at least six (6) months prior to such proposed termination date. In such an event, Galaxy shall use its commercially reasonable efforts to transition production of the Products to a new supplier. In the event Galaxy is unable to transition production for one or more of the Products within such six (6) month period, upon Galaxy’s request, SFI shall continue to provide such Products to Galaxy, under the terms of this Agreement, for an additional six (6) months after the date that would otherwise have been the effective date of such termination.
Galaxy may terminate this Agreement prior to the end of the Initial Term, without penalty, upon provision of written notice to SFI issued at least six (6) months prior to such proposed termination date, provided that the effective date for such termination by Galaxy shall not be prior to December 31, 2012, unless a Change of Control of Galaxy shall have occurred, in which case the effective date for such termination by Galaxy shall not be prior to December 31, 2010.
B. Price . The price for Products during the Initial Term shall be as determined in accordance with the attached Exhibit B. SFI may increase the Conversion component of the price described on Exhibit B once in any twelve-month period to reflect changes in labor and benefits, materials, utilities and energy. Upon request by Galaxy, SFI will provide Galaxy with reasonable back-up documentation substantiating such price adjustments. If the proposed price exceeds the price at which Galaxy can obtain such item (either on its own or through another private labeling source), then Galaxy may elect such alternative source for such item, and such item will be removed as a Product under this Agreement.”
b. Section III(C)(3) of the Agreement shall be deleted in its entirety.
c. Section VII(B)(1) of the Agreement is hereby amended by inserting the following sentence at the end thereof, so that the following sentence is the last sentence of such section: “A material deterioration in the level of service or quality of Products provided by or on behalf of SFI from the quality of Products or the service levels provided by SFI under this Agreement as of March 17, 2008 shall constitute breach of a material obligation under this Agreement for purposes of this Section VII(B)(3).”
3. Mutual Release . SFI and Galaxy hereby fully and forever release the other from any and all liability, claims, damages, causes of action, rights and obligations arising out of or relating in any manner to either party’s performance under the Agreement from June 30, 2005 through and including the date of this Second Amendment.
4. Co-Pack Arrangements . Notwithstanding any provisions of the Agreement to the contrary, Galaxy acknowledges and agrees that SFI may elect to retain a third-party to provide the Products on the same terms as provided in the Agreement, as amended, subject to receipt of Galaxy’s prior written approval of such third party supplier, which approval shall not be unreasonably withheld (it being understood and agreed that Galaxy may withhold its consent if (a) the retention of such third party would result in an increase in pricing to Galaxy or (b) such third party is one of the companies listed on Exhibit A hereto or an affiliate thereof or successor thereto). SFI shall remain responsible to Galaxy for all warranties and requirements under the Agreement as if SFI manufactured the Products. SFI shall procure from any such third-party supplier a confidentiality and non-use agreement in form and substance satisfactory to Galaxy.
5. Definitions . All capitalized terms not otherwise defined herein, shall be defined as set forth in the Agreement.
6. Remaining Terms and Conditions . SFI and Galaxy hereby acknowledge and agree that, as of the date hereof, the Agreement is in full force and effect, and that except as set forth herein, all remaining terms and conditions of the Agreement shall remain unchanged, and the Agreement shall remain in full force and effect.
7. Distribution of Products . At Galaxy’s request, Schreiber shall distribute any Galaxy products which are manufactured by third party co-packers or Galaxy. Schreiber will charge standard rates for such services.
IN WITNESS WHEREOF, this Second Amendment to Supply Agreement has been duly executed as of the date and year first set forth above.
SCHREIBER FOODS, INC. GALAXY NUTRITIONAL FOODS, INC.
By: /s/Ronald J. Dunford By: /s/ David H. Lipka
Name: Ronald J. Dunford Name: David H. Lipka
Title: COO, Schreiber Operations Title: Chairman
Took some
Of those 16's for fun.
Now .1349% of the shares are mine. Think that can get me a seat on the BOD's? Lol
Interesting:
http://www.thedailyplate.com/nutrition-calories/food/galaxy-nutritional-foods
http://www.almostvegan.com/
"Why not vegan blue cheese?
http://www.hy-vee.com/recipes/recipes_detail.asp?r=4608
Someone needs fired for letting the share price get to 16 cents.
I suspect spring break there in Florida would be a good place to do some marketing.
Getting close..
What do you think the distribution channel is worth?
Walmart in Iowa City was down to only a few swiss slices when I was there a couple weeks ago.
Haven't seen any topping anywhere, nor any hummus.
Time for a new marketing director.
Buddy The Cheese Guy
will be at the Milan American Legion today at 4pm see pg 2:
http://www.freewebs.com/milanamericanlegion/marnewsletter.pdf
Don't think he carries Galaxy products.
Casein Spot Price
http://future.aae.wisc.edu/data/weekly_values/by_area/1615?tab=prices
Can I get some 15.3 cent shares soon?
Perhaps they should.
Increase sales a bit & pay back his $2,685,104.17.
As expected Q
Revenues a bit light IMO. Think we need some more guerrilla cheese marketing.
Caught the last question end of the conference call & missed the rest.
Anything interesting? Guess I'll hear the rest Monday.
Picked up a few 22's for the collection.
Hmmmm..Dairy Plant & earnings
Think we could use a few more of those two.
I was talking to some people about the economic benefits of starting a dairy farm a few weeks ago. That whole upfront equipment cost & actually getting up to milk cows was a concept killer from the beginning though.
Finally finished our largest shareholders book this morning.
It is now for sale here:
http://www.amazon.com/gp/product/0446524026?ie=UTF8&seller=A382H7HS9HA88Y&sn=Stonehenge%20Trading
Would be nice to see 6.8 million in Q sales w/ slightly breakeven earnings, a mil in cash, few less liabilities, & some positive guidance in the food service division.
Haven't seen any Wholesome hummus lately. Cheese was $2.99 for slices & shreds at HyVee Sunday. Competition among cheese & hummus seeming fierce. Have resisted purchasing the new Kraft Low Fat & Athenos premium stuff.
Perhaps they will announce diet chipotle creole pizza will drive revenues or something interesting.
Vote for renewable energy:
http://www.surveymonkey.com/s.aspx?sm=0_2bY_2bmdr1_2bKmOzX6DHYCeUQ_3d_3d
Prices seemed stable last I checked.
Wmart $3.34
Hyvee $2.99-$3.99
Almost outta cheese, about time to buy more.
Milk price or Stock Price?
Casein been trading in the $6 range lately
Shares look like they are held in this fund:
http://finance.yahoo.com/q/hl?s=UTGRX
Dont recall seeing 1 million shares trading on the open market recently.
http://www.ams.usda.gov/mnreports/MD_DA751.txt
This should take you to the filing
http://www.marketwatch.com/tools/quotes/secarticle.asp?&sid=380227&symb=GXYF&guid=5677906&type=316
Course milk prices aren't going down lately, & seems like there is more fat free cheese options & hummus apearing daily.
Who knows.
Specified Level of Production
So I wake up early & decide to find the supply agreement & level of production required to avoid a shortfall payment.
& after digging through SEC reports back to early 2005 I find that in every report I scanned through the Specified Level of Production is never referred to as a number, only as specified level of production.
So the question is still what is the specified level of production. According to a recent report the agreement was modified to:
The Supply Agreement originally provided for a contingent short-fall payment obligation up to $8,700,000 by the Company if a specified production level was not met during the one-year period from September 1, 2006 to August 31, 2007. If a contingent short-fall payment was accrued after such one-year period, it could be reduced by the amount by which production levels in the one-year period from September 1, 2007 to August 31, 2008 exceeded the specified target level of production, if any. The short-fall payment is based on a formula that calculates the payment as follows: ((required pounds shipped - actual pounds shipped) / required pounds shipped) * $8,700,000. In November 2006, the Supply Agreement was amended so that the short-fall payment obligation would not be measured until the one-year period from September 1, 2009 to August 31, 2010, and the target level of production was reduced by approximately 22%.
So the target level of production is now 22% less than the original specified level of production.
But what was the original specified level of production?
Well...
I coulda opened em....
But then woulda lost the marketing effect...
What was the volume required on that supply agreement?
How bout we figure a chart where
We sell enough product to take out the shortfall.
Now that would be interesting...
To settle the shortfall isssue
All we have to do here is sell more cheese.
Grassroots online guerilla marketing attack.
Simple.
Sell more cheese. More revenue. No shortfall.
Win, Win, Win.
Best way to figure out the golden parachute thing is to ask Deluca how much he wants for his shares.
The current market cap of 4.2 million is quite cheap IMO.
Took some smoked provalone slices to the christmas party last night. Course no one opened them, last I saw, & they just sat on the table. Perhaps a new customer took them home.
Yep found Wholesome Valley today & a few weeks ago. Only at HyVee though
Don't think I saw any there last week, but got some a few weeks ago.
Think they might have just got a new shipment w/ the blocks of cheese.
Haven't bought any hummus in a couple weeks.
Still have Chipotle in the fridge. Opened the one with a bit left in it to find there isn't any preservatives & it doesn't preserve very much past a month when opened.
Got a couple Athenos I have had for a couple months for comparison in there also. They seem to preserve better after opening.
Not much for hummus. More of a 2 or more lbs of cheese a week person.
Also
Why did they have to add:
"Shares of the Corporation may be certificated, uncertificated or a combination thereof, including in the form of book entry shares."
to the bylaws.
& since when did Yahoo start a Galaxy message board:
http://messages.finance.yahoo.com/mb/GXYF.OB
Dunno what's going on.
Still trying to figure it out...
After that 100 share .22 tease.
40k traded in 10k blocks at .22
& 4.9k at .25 then 25k at .25 both at the close.
I do know that I once owned shares in this 3 mil cap or so government software company that decided they wanted to go private. They offered something like a 30% premium in cash to small shareholders, ignored a couple better offers, & I got a pittance for something I thought was a good investment they decided to give me next to nothing for. Wonder what happened to that company..except can't remember the name of it anymore.
Haven't finished Deluca's book yet. Got sidetracked on Technotrends that Cramer recommended & another book.
Sure it would be less costly to run a private company.
But not sure if that's whats happening here. Am sure that I don't want 40 cents for my shares & there are more shares than usual churning around.
A 4.3 million dollar company w/ 25 million in revenues just makes for a good investment in most books other than Royce's. Also Lipka didn't seem to want 3k shares at .25.
Saw a new Noodles & Company restaurant opened during today's travels. Seems Och-Ziff Capital Management Group just did some investing in that privately held.
Also found some cheddar & mozz blocks in Bettendorf HyVeee. Picked up one of each at $3.99.
Stopped by the Davenport HyVee since I was driving by & found more cheddar blocks for $3.99. Got 1 more. They were also participating in a price elasticity experiment & had Mozz Veggie blocks for $2.88 so picked up 4 of those just to reinforce the price point.
Still no Chipotle blocks.
Both had hummus. One at $3.99 other at $2.99.
576,700 Shares On The Wall
576,700 Shares On The Wall
Sell 30,000 at .24
546,700 Shares On The Wall.
Get to reading those 13G's to figure cost basis:
http://yahoo.brand.edgar-online.com/default.aspx?cik=819527
Info back to 1995 available for reading.
Now who would want to sell 100 shares at .22 just to drive the price down?
Certainly not I as I can't afford the $7 commission on a $22 trade.
Got some smoked provalone slices for $2.99 at Milan HyVee & some Rice Americans for $3.59. Still no blocks around.
MD DA751 Casein National
MADISON, WI. December 06, 2007 (REPORT 49)
CASEIN - NATIONAL
Casein markets and prices are firm. Casein output in Oceania, especially in New
Zealand, is at seasonal high levels. Milk volumes in the region are maintaining
high levels, thus casein output will continue as long as milk stays at that
level. Casein production in New Zealand is the last product to come on line as
milk volumes increase and the first to cease production on the downside. At
this point, Oceania supply levels are still unclear, but producers are
optimistic that they will attain projected levels. In Europe, the production
season has concluded and orders are being filled from inventories that are often
lighter than desired. During the production season just concluded, some
European casein output was altered midway through the year as milk directed
toward casein output was redirected toward products of better return or greater
need. The unknown supply situation out of Oceania and lighter than projected
stocks in Europe are keeping prices at record high levels. The acid side of
casein appears to be getting a little unsettled as more buyers are looking at
lower priced offerings that are appearing on the market from sources that they
have not dealt with in the past.
SPOT SALES AND UP TO 3 MONTH CONTRACTS. PRICES ARE F.O.B.,
U.S. WAREHOUSE FOR EDIBLE NONRESTRICTED AND VARY ACCORDING
TO MESH SIZE AND QUALITY.
RENNET: 5.9000 - 6.0500
ACID: 6.1000 - 6.4000
Ineresting 10 Yr Chart
Never looked at one that far back yet.
Makes you wanna read a whole lot of annual reports to see what went wrong.
Interesting that the highest volume month ever was Nov 2007 w/ 3,580,700 shares traded.
Now if those guys would just hurry up & dump those last 581,700 shares.
Oh there goes another 5000.
576,700 shares to go...
Suppose we could invite them over
But I would still like a few more twenty something shares.
A few hundred more veggie healthy cheese eating shareholders would be sure to drive up the revenue numbers.
Good Job
Course it would probably be better to post here instead:
http://vegweb.com/index.php?board=688.0
What's the deal with Veggie
These vegans over here:
http://vegweb.com/index.php?topic=19398.0
Wonder what the deal is with Veggie. They don't seem to like casein.
Think they need a link to the other brands:
http://www.galaxyfoods.com/ourbrands/usa.asp
& some order forms:
http://www.galaxyfoods.com/consumercare/yourvoice.asp
Bought some
Jalepeno Cheddar Slices at Wal Mart Davenport IA $3.34.
Smoked Provalone Slices at Hyvee Moline, IL $3.59
Jewel bought none at $3.49
Still can't find any chipotle & other veggie blocks. Need some for Christmas presents & gatherings Anyone know where I can find some?
Moline HyVee Galaxy cheese area was lookin a bit sparse & like they haven't got in a new shipment & are determining whether they like having cheese in the produce section.
Got some .25's for the collection today.
Still think there should be some .22's by the end of tax selling season.
but since stocks always fall further than you think they will.
.18's are always an option.
Lotta competition in the hummus departments. Recall seeing Tribe, Aztech, n a couple more w/ no sightings of Wholesome.