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Nonsense. You go too far sometimes, with respect, imo. Please see there is no dark insider group here that wishes to profit in any other way than legitimate success as a smoked food company. I see opportunity, and yes I bought higher than the current price. I had my chance to profit and I will again or can sell now or income average...etc. I see no Specter of darkness. 2015 looks bright.
SMKY on 3 hour "Ticker Buzz Cloud"!
Pls provide link. . Thx
Rock on Gamood! I expect greatness too.
Well done! Text book investing imo. I started as an "Angel Investor" when we were a private co. I have had opportunities to profit yet held, and now I'm waiting for the RV roll out and the kiosks...
Cyber, thank you for telling me that. Technically SMKY is a OTC stock not penny stock, (say that to the stock price}. I don't think our CEO ever wanted to "hang" with that bunch you speak of. He is a restaurant guy, a Foodie who wants to market smoked food. Please consider looking at SMKY as just a smoked food company that went public.
I know many on this board are better qualified to answer. IMO SMKY would need to implement the biz plan successfully for quite some time. No pardon needed at all, and thanks for staying so positive! I am hopeful too. I plan to order some food asap I encourage the "Board" to purchase the product {if appropriate)and provide feedback.
"Strike that, reverse it" a quote from Willie Wonka. When SMKY's volume grows, it would benefit Maryanne's to buy SMKY. After all since all meat shall be smoked at their location (a key part of making sure each portion consistently tastes great and is cooked safely and healful..see biz plan). Why not they buy us out!:)
The $32m revenue is for Maryanne's, right? SMKY is to benefit from $650k and use of the facilities. I can't imagine what could hold up production now. Way overdue.
Ahhh the future. You don't ask much, Surfrat :) Well, how about some lower cost food while in the "Obama economy"? I have no crystal ball, but how about making available smoked meat with a lower cost than Salmon? I love Salmon, and many other smoked meats, and smoked tofu too. (No doubt Eddie would cringe re the tofu) So some "killer sides", Eddies unbeatable BBQ sauce, and IMO some smoked chicken.
Yes. 2014 is not over yet, so most data inquiries have been met, right? I wonder when we can order food?
I wouldn't begin to speak for Asher. I bet he negotiates to get back what he can, rather than lose. You don't think he makes 45% all the time, do you? It sounds like our CEO did well as compared to some in relieving the cost of high interest. Hooray.
IMO. There are two forces at work here. The "Stock" investors and the "Foodie" investors. I love the biz plan, I love the food. I have met and trust the CEO. I invest because I believe the food rocks! Things that rock sell. I think pure stock investors should expect openness and I could care less if anyone invests before the filing of the 10K.
Once the filing is complete and SMKY is no longer a "dark filer"(a legitimate concern)will then SMKY be just "a scam" instead of a dark filer scam? I have met the CEO, tasted the delicious food. I believe it will be more profitable for us to succeed than to pursue the path you imagine. Profit motivates and profit from a successful company will far exceed any imagined scam. Good riddance to toxic financing.
You are correct in that the money did not help close the deal. If it helped to get us to here, where we CAN do well, then it will have been worth it. It was not pretty. Go SMKY!
He must file, don't you think? How long can this company play hide the ball and continue in good standing? However unlike you I don't expect much in the filings except evidence of cash flow issues that have temporarily halted success. Go SMKY!
8 cents soon if timetable kept.
Time for SMKY to shine. Look for the 10K. Look for proof of loans, investment, and production. Get ready to eat some great smoked food again. Finally a month for us "Longs". Go Eddie go! Let's keep those filing deadlines real!
What is the name of Asher's brother and/or name of the fund? Please tell me it's not Wellington. Thx
Good point that it was seven years ago. 2007 was the beginning of the most difficult of financial times for many of us. It has been a challenge for SMKY too. I'm grateful this company has endured.
Dear Brutal Cyber! Prediction: If there is something "fishy" going on, which I certainly do not believe is the case, truly You have been our "Praetorian Guard" warning us. I think when the 10K is filed, Malc will see things the CEO maybe should have done or didn't do, and who knows I "might" even agree. I don't see the evil here. I expect profit soon.
There is more profit for investors and our CEO in a healthy "Smoked-Baked" food company than there is in some kind of "penny-scam". I still believe in the business model and the CEO and I like the food! Have you thought about the profit margin if we had these products in most RV parks, for example?
Any update on the delays re these quotes? "Audits/Filings: Though losing a month with replacing its auditor, the Company is near completion of its 2012 audit and will begin making its 2012 10K and 2013 10Q filings later in July, and will have its 2013 audit completed in August, with remaining filings for its 2013 10K and 2014 10Qs beginning in late August and into early September." Thx
Shorting concern of a 2 cent stock is a LOL! It also brings some safety (IMO) because IF an investor who is aware of financing or other events that are likely to trigger stock price increase tried to bring down the price before that occurrence, oh well. Even those who bought in lower than 2 cents would likely see a big jump in price soon well over 2 cents, or why would there be shorting?.
Malc, I'm not sure what you expect to find when they file the 10ksb. I think it will show the main problem has been limited funds. It is expensive to file, and now they are have stated filing is on the way. While you seem to have lost all trust in the CEO, many of us just see a company that has needed funding to move forward.
I hope you are wrong Malc. I had my chance to make my money on this stock and I held when it went to 60 cents (or whatever it was). I still believe in our CEO and the business model. We'll see.
The Phoenix SMKY may rise when the 10K is filed and the web site for the public is up in running. In my mind these would need to be done by Thanksgiving. If so, look for a Phoenix. The smoked chicken made great high protein Christmas gifts when other people were getting fruitcake, and I can't believe the company would miss the holiday shipping season.
Front. Good job on getting the scoop on when the distributing and public website can be expected. I miss the smoked salmon and it will be a long couple of months wait as an investor.
Thanks,SurferK
Hi frontloading. Nice to hear a positive attitude in between all the doubt. Would you please address what you think about the "requirement" mentioned in reference to this quote from the CEO: "The Company will continue to accept bridge money financing while defraying its administrative expenses and notes repayment, and its timely receipt of such funds during the coming weeks is a requirement to execute on its activities timetable." Do we have the money yet?
Thanks!
Dear Ali, I hope you don't have the hammer! I've seen Eddie come back before and I see a better company now than when I invested despite the loans.
The business plan IS awesome and SMKY is so much better positioned now than ever. As an "Angel" investor back in the day, I know two things: If we don't get some real financing we will fade away, and further, SMKY is completely ready to excel the moment we secure financing. Unfortunately I have seen the stock drop just before financing and that is the worst thing about OTC stocks. Maybe that is going on now? Big investors short us to buy at the lowest possible price because they know the stock will go up when their money is made available.
We are better than ever before in so many ways, just a healthy $7 figure investor and we will rock!
I appreciate your staunch support, Go Snizzle!
Hey Dave, thanks for the the reassuring update. I think it is likely we will get financing only if Eddie gives up about 49% ownership if there is anyone out there willing to invest. Though I respect his decisions to protect us from toxic financing, I imagine he really needs to bend over backwards and offer much more than he had hoped.
Still, the dream lives as long as he keeps powering through.
I don't like waiting either.
Yes, where is the money? The reason that IS the question is everything else has been done. The recipes, the ovens, the distribution, the packaging, the alliances, going public...and more, all done. This is a great time to be involved as sooo much of the needed ground work has been accomplished. It took a lot to get here! Now there may be little-control over when the money is coming, how much and how fast. Great question by you, where is the money. I just hope you can appreciate all the effort and hundreds of thousands of dollars to get here. One more hurdle, money, during tough times, but there is as portrayed in the news "a ton of money sitting on the sidelines" these days. I'm staying positive!:)
"Schlemazel", I love it, Ksuave. Not sure what that is...maybe we could get a side dish named after him/her. "smoked salmon with a side of schlemazel please" .
Smoky Systems (a privately held company) became SMKY so you can invest too. I was an investor in Smoky Systems and confident to be investing with Eddie again now as the CEO of this publicly held company. We went public so he had to become CEO of SMKY instead. I believe that was what the shareholders wanted. I wish you the best in your investing decisions and I hope this cleared up any concerns over that issue. I was not on the Board, but I do remember when this re-branding happened and how excited we were/are to be going public.
Hi B4B, excellent commentary. All good points. We are just a few bucks from really breaking out! Thanks for your positive summary.
I guess the "half-full glass" is that an MM bought quite a few shares of SMKY! Glad to have that kind of volume going on.
I believe the $500,000 needed to fund the distribution is a do-able figure. I am relieved it is not $4 million or so, but instead a reachable 6 figure goal. It seems to me reducing or cutting the "middle man" costs out of the equation are also reasonable and attainable goals. So YES, good things for 2012 and if/when this get's implemented, we will by design have a more profitable business model.