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Never gave up on Mr. Feintech.
Patiently waiting.
I believe good things come to those that are patient.
God bless you all!
Not sure mbumpt. But not concerned either. I'm not, nor have I ever been, invested in this company to FLIP the stock. I'm not smart enough nor do I have the experience to flip this or any stock. Just an investor who is trusting that my gut feeling is right. I am in it for the long run, regardless of anything good or bad said on this board.
God bless!
As I finished my previous post with...IMO
I would hate to NOT own any shares when Eddie's dream finally comes to fruition.
Nothing ventured, nothing gained.
IMO
For those that may have missed this:
Smoky Market Foods Executing on Refined Plan
WEBSTER CITY, IA, Apr 28, 2014 (eTeligis.com via COMTEX) Smoky Market Foods, Inc. (OTC PINK: SMKY) (PINKSHEETS: SMKY) announced today its guidance for implementation of a significantly refined financing and operating plan. This development has been accomplished through continued private financial support from Company officers and investors. "SMKY's story the past few years has admittedly been difficult for shareholders and investors to understand," said Eddie Feintech, Chairman, President and CEO. "It's been an enduring process to both get it right, and get it done fairly and equitably for existing shareholders," he continued.
The Company engaged a team of consulting affiliates to provide marketing and investment banking expertise and assistance to refine its financial marketing plan, and execute a focused strategy that leverages both its status as a reporting public company, and its capabilities to produce artisan quality, value-added smoked food for international distribution. Said Mr. Feintech, "We refined and focused our plan to achieve two objectives, and they brought forth the financing to execute." The Company will begin to produce product and fill specific pipelines of distribution to gain revenue traction, and simultaneously seek selected food companies that meet criteria as a strategic business to acquire.
To finance such acquisitions, the Company has signed two investment banking agreements with a leading New York-based investment bank to assist in placing its acquisition financing and to raise equity by public offering. The investment banking firm, founded in 1925 and one of the oldest in the United States, is a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar-rated mutual funds and has five offices throughout the country, with over 70 retail brokers, over 10 research analysts and a pair of institutional desks trading for 800 institutional clients throughout the world.
Under the first agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing of up to $30,000,000 in senior secured debt. The Company must meet various terms and conditions, which it believes are reasonable and attainable in due course of business of this type. "In tapping fully this facility of acquisition financing during 2014, with its unique program structure, our intent is to acquire up to $75M in strategic food sector revenue that also creates expanded channels of distribution -- and on an international scale -- for our smoked foods," Mr. Feintech said.
The second agreement is a $30,000,000 firm commitment to underwrite a public equity offering on a major exchange (AMEX or NASDAQ) represented by the investment banking firm. The planned public offering is subject to the Company's successful auditing and acquisition of its current target companies, and would pay off the Company's acquisition debt. Said Mr. Feintech, "We are very pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which confirms and validates our business plan. We expect the assistance of this well-established investment bank to accelerate our growth strategy through acquisitions and with their assistance, move us up to trade on the NASDAQ or AMEX. We are launching an aggressive search for strategic acquisitions, with our internal due diligence already focused on acquiring our Iowa processor and beginning on several other identified acquisition targets. We believe we can meet and satisfy the terms and conditions in both investment banking agreements, and execute upon our business model successfully."
Using proceeds received from bridge money investors, the Company's immediate and near-term actions are focused upon specific objectives that will manicure its corporate profile and include i) bringing its SEC filings current; ii) building sales revenue; iii) paying off outstanding convertible notes, and iv) negotiating to buy strategic food companies. "In our situation, tactical financial maneuvering that is prudent and preserves the integrity of common shareholders just takes time. We're clearing over 90% of our debt from the balance sheet and we've positioned ourselves with an element of control over certain of the events that we've committed to make happen," said Mr. Feintech. "I've got the right players fully engaged and aggressively motivated. Money and effective players make things happen," he said.
ABOUT SMOKY MARKET FOODS Smoky Market Foods, Inc. is a producer and distributor of artisan-quality, Smoke-Baked foods that are prepared authentically using a unique wood-burning oven system, and sold under the brand names of Smoky Market(R) and Smoky Kosher. Because of its proprietary wood-burning oven technology, which burns freshly-cut hickory and apple timber to impart a genuine smoky flavor, the Company's Smoke-Baked meat and fish are truly prepared the old-fashioned way, without the use of any additives or chemical preservatives. This aspect of quality wholesomeness in prepared food processing is a market niche feature. Smoky Market Foods, Inc. intends to build international retail and foodservice channels of distribution for its smoked foods, and to accelerate its overall corporate revenue growth through making strategic food company acquisitions.
FORWARD-LOOKING STATEMENTS Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: our limited operating history, need for future capital and need to enter into relationships with retailers for retail merchandising business, supply and distribution risks, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
SMOKY MARKET FOODS, INC.Investor RelationsP.O. Box 2864Aptos, CA 95001buysmoked@smokymarket.com
I'm not worried at all about whether it closes at a penny today or ot because I'm not flipping this stock. Been in it long term and am very happy with the long term prospects.
The only thing I will add is that this looks like the real deal we have been waiting for.
To be honest I have never been a fan of fish in general. My experience with fish was a sandwhich from Burger King. Lol. But like many, when I first heard about this company, I wanted to try the product, mainly to see if it was legit, then to see how good the product was. I have to admit I was very impressed with the taste. I got it for my family one year when we were on vacation. They all had it(they are much more cultured than myself) and without fail they all loved it.
I didn't happen to ask any how it compared to other salmon so I can't tell you what they thought about it in comparison. I only know they said they loved it and none of them got sick! Lol
God bless
I was one of those that ordered the salmon several times. It was very delicious.
Obviously nothing packaged can be as good as something just caught, that goes without saying. But how do you market that salmon you caught and have it sent all over the country. It can't be done in my opinion.
Just food for thought.
Amy is lifted up to our heavenly Father. She WILL be healed!
All the glory to God!!!
You got it brother! The entire family is also lifted up to our heavenly Father.
God bless you all!
Awesome. Thanks for the update brother.
Continuing to lift her up brother!
You got it brother!
Great news brother. All the glory to God!
I had to start getting my probiotics from CVS pharmacy. They are the only place I can find it in powder form to mix with water. But ADIA's was always much tastier. Hope they come back.
Anytime brother!
Any update on your Aunt?
You got it brother!
You as well my brother.
I see your posts on Facebook as well.
God bless you.
Hello all.
I got rid of my premium subscription and therefore wasn't able to post on my own board. Lol. Or so I thought.
Anyway, hope all are doing well and continuing to pray as called by God.
Gary
Lifted up
Lol. Not gonna happen!
I guess one of the reasons I still hold out hope is the fact that I have had the product and it was delicious. It isn't like most subbies where there isn't anything tangible that can be seen and examined for yourself. Here there is. And while I doubt any product has been produced in awhile, it is just waiting for the right opportunity to have the name become known and good, reliable financing come through.
JMO as always.
You as well brother.
Just for the record, not here to pump. Not here to debate or argue with anyone. Just thought I would step out of the shadows and say I am still alive and still hold out hope. Everyone can buy if they want, sell if they want...whatever floats their boat. Lol
God bless
Lurking. Lol
Still holding out faith in SMKY. Down but not out, IMO.
Hello all! Long time no see.
I still believe in Eddie.
Just sayin.
Won't say much other than I am still long and strong. There are many who still have faith in Eddie.
God bless!
I needed that.
Thanks excel
Sounds to me like Satan is trying to infiltrate...Just my opinion!
Hey everybody!
I already spoke with Dollarland, however I wanted those that are following the SMKY board know that I have asked to be removed as a moderator and am going to cancel my Premium membership. I am tired of the less than fair way that posts are removed from that board, and I'm tired of the games being played.
The only board I will still be monitoring is this one.
I very much enjoy communicating and reading ALL of your posts and appreciate the professionalism you ALL display at all times.
God bless you all!
Praying for Linda.
God bless you!
Gamood! You inspired me to go back and find one of my own posts upon trying the Salmon on vacation:
Isn't it amazing! And when I presented it to my family on vacation in Florida, I didn't add a single thing to it. NOTHING. Just the smoky flavor that Eddie has mastered with TLC was all there was.
And as I posted back then, everyone was just beyond impressed!
This is just one of the reasons I feel so confident in the future of this company. I have tried the product, and LOVED it! And I believe that once the world gets ahold of this and Eddies other delicacies, it will never be the same!
God bless!
Unbelievable.
I pray that God sustains this man's business and causes it to flourish like never before.
We answer to a power that trumps our wonderful country in ALL instances.
God bless him and his household!
Boum-Yeah,
It's a ticker symbol.
God bless!
Ahhhh. Silly me. I misunderstood your post. I thought you were saying that some people were having trouble 'believing' the first video and that there was an update to it.
My bad!
I started viewing the link but it looks like the original video from a couple weeks ago. Is it different?
Thanks and God bless!
Hey Ran!
This video was awesome. I went to try to copy it to my father and mother when it now says "This video is private" and won't let me even view it now.
Has anyone else had this same problem?
Thanks and God bless!