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I think we do. Read the PR. Nowhere does it say they resigned from existing positions. They were on the board, maybe as "consultants" an euphemism for unemployed.
Was the two women hired employed or unemployed at time of hire?
if they were unemployed - and I suspect they were - based on the wording of the PR statement, why were they if they are so good?
Does anybody know?
Also how old are they? over 65, or young and vigorous like the three Musketeers running the company.
Thanks
From today's PR about two new hires:
"Fuse Science recently launched its EnerJel(TM) brand with strong demand....."
Why tease us about how strong sales have been? Why not give us all some specifics?
I just find this very disconcerting.
The hiring will raise operating costs substantially. I assume these two people are not greenhorns and will not be cheap to put on the payroll.
From all indications Fuse is still having problems with delivery and getting the product back onto Amazon. Should not these hires have been postponed till they have the manufacturing and delivery kinks worked out?
Although why it is taking them so long to work out these kinks is a mystery.
why don't you call management and ask? I posted exactly this sentiment yesterday. I find it very odd. Getting back on Amazon and generating sales should be one of their top priorities. Sends the wrong signal to investors, esp. when it is coupled with a delay in the filing of the 10Q, for which there is no excuse.
At a minimum management should put out a PR explaining what is going on and why.
Ridiculous from my perspective.
one other thing: there is no evidence that the Aiten character bought these shares. He could have been given the shares and will start selling them little by little. I am very worried.
Why have they not made Enerjel aval. on Amazon. Tried to call but no answer.
What is going on here? Incompetence? Green horn management? This is all so unprofessional and self defeating.Surely the product aval. on Amazon should have been their #1 priority.
I am rapidly losing confidence.Something is not right here.
Why are they still not on Amazon?
This is very disturbing, esp. in light of the previous post which suggests minimal/poor sales of Enerjel.
Can somebody call and find out?
I thnik this stock is going lower. there is no catalyst for an upward move.
Well boys looks like Tiger is stumbling and hard.
Some of those putts are embarrasingly awful. I don't know what to make of it. But let's hope people don't link Enerjel and the drops to this performance. Worse yet, I wonder if the Tiger era is over, for good.
P.S. I did not see Tiger's "bag" once the entire afternoon on TV, at least when I was watching which was all the time except for two short bathroom breaks.
Tiger Woods most disliked athlete in the USA.
See Forbes article link below. When it rains it pours.
http://sports.yahoo.com/top/news?slug=ys-forbes-vick_tiger_most_disliked_athletes_020712
I was going to note this confusing PR. You can't actaully figure out what exactly is going on. This is exactly the type of confusing PR that crooked reverse merged Chinese stocks engaged in all of last year. Several names come to mind but I personally got burned by SBAY, which had an American CFO. They made a habit of putting out confusing PR's. In the end they turned out to be a fraud and was busted down to the pinks. Several other Chinese companies followed. Just Google and read.
This stock is following the same path. Reverse merged to list on the pinks. Issuing shares by the millions, tying up with legitimate sports figures - SBAY tied up with the chinese government!! - selling shares after every pop in pps after a fluff confusing PR to provide for overly generous salary and other perks for a green horn management group. For example why would DROP employ a 28 year old greenhorn Adam Adler as their business development manager. What contacts does this pimply faced kid have?
Too many similarities with reverse merged chinese crooked firms. Management should be asked these tough questions.
Don't try and understand my post, just follow the stock price.
This is getting boringly predictable. They put out fluff PR's with little detail the stock pops and they sell into the pop. This could go on indefinitely.
JMHO.
Apropos to my earlier post a couple of days ago. Now we know what the smart money knew and knows.
DILUTION IS STILL THE NAME OF THE GAME. And I suspect that they are nowhere near done. I think 200 million O/S is where we are heading at which point the pps share will probabbly get close to the 0.21 cents a share exercise price.
Here is what concerns me: You can't go to the big boards with that large an O/S count, so a reverse split is the only way to uplist. To me this is all very depressing and familiar. As somebody has noted, a reverse merger to get listed on the pinks is a huge red flag.
Hope I am wrong, and JMHO.
I said this a few days ago in my post. Worth repeating.
I am concerned that it is still not on Amazon.
I am concerned management has not put out any PR's about sales. I suspect that sales were not as good as many of us think, based on the posted order numbers. Nobody in my recollection has posted order numbers in the 11,000 or 12,000 range all postings are in the low 10,000's.
Orders are still being delivered after 6 weeks. I find that worrisiome.
Initial posts by some folks near their factory in California has stopped.
There is declining interest in buying this stock - falling volumes - and hardly any pps follow through. Still stuck in the low 40's. People say we are consolidating, but if the news is so bullish - huge Enerjel sales, drop introduction imminent, Tiger sighting on trh golf course imminent - why aren't people buying in anticipation at these "ridiculously ' low prices.
I think something in te Fuse story is still unknown and the smart money knows it...
This board has changed dramatically. Only a small handful of regulars keep prattling on about nothing. Most people - the crowd - has clearly moved on. Can't blame them, clearly management has hit a major snag. Clearly also the sales of Enerjel were disappointing and badly managed, what with people still having not received their orders.
Clearly also the stock is dead in the water with low volume and downward drift.
I think a useful thing would be to get those in close vicinity of the manufacturing facility to go visit and see what is going on. I worry for instance that Enerjel is not back on Amazon.Others who live in florida should go visit the new HQ and ask questions.
I think it is odd that management has not updated any plans or sales info and calls to the company still go unanswered.
I am not at all sure that things are going according to plan. it would be useful if somebody did some decective work.
I am getting a little uncomfortable with the way things are unfolding.
JMHO.
I agree this board is dying. I also don't understand why there is no news in the form of updates.
For example:
Exactly when will they restore enerjel sales on Amazon?
Why have they not provided any info. on early sales of Enerjel?
Why have some people not received their Enerjel order yet?
Why has Tiger not said a word about Fuse in weeks? for that matter other athletes?
Where is the advertising?
I maybe wrong but I wonder if these guys have hit a snag... anybody know more about this stuff? Like Yorshire and others who seem to have inside info. or live close to their California manufacturing facilities.
If this stock is being shorted - the naked variety - why is that surprising. This stock is up 15,000% over the last twelve months and they recently reported in their 10K that they have NO revenues as of Decemebr 31 2011.
This is too attractive for shorts to pass up on. In addition they read DROP needs to raise 12 million additional dollars over the next 18 months. At today's price that is an additional 31 million shares or over 2 million shares a month. At this rate of share issuance O/S will increase by 29%. On it's face this is MASSIVE dilution. Of course this assumes that all of the 12 million dollars will be raised by selling shares.
So why not short?
Having said this though, I don't think it is shorting that is keeping this stock down. No I think it is continual and significant selling.
JMHO.
Management needs to put out a PR clearly spelling out the sales and revenue numbers. Absent the PR this stock will keep falling as the naked shorting takes it's toll in a vacuum.
If any of you guys know anagement send them a missive.
Isn't it high time these guys put out an official PR about exactly how much Enerjel they sold and are projecting to sell and some idea of revenues and projections?
They have noted on their website how they were overwhelmed with the level of demand. Now they should put some flesh on the bones.
Mr. Bondz sounds like a windbag. But he has raised an important issue that we need to pay attention to: viz how many shares will they issue?
Few companies ever move to the big boards even with 100 million shares O/S according to my friend at ML. DROP has already passed this threshold. They should raise money through private sales of shares with a five year restriction before sale.
My friend at ML noted that the 400 share authorization limit is way too high and if DROP gets even close to that this isa penny forever.
He pointed me to a company calles MSLP.OB - they manufacture Muscle Milk. Their sales are soaring, they have won awards they are in retail stores and yet they trade at penny a share or less.
Why? because shares O/S is 381 million. That is the death knell. So before we all get excited we need management to tell us that they will not fund operations and endorsements by issuing shares willy nilly.
Has anybody else besides Yorkshire received this product? from my reading the naswer appears to be know.
Also why is everybody ignoring the guy who posted that Amazon is refunding buyers money and has suspended Enerjel sales. This after speking to somebody at Amazon. This should be investigated.
Like Wuxhau I remain wary and uncnvinced yet. Plus Wuxhau raises a good point. Who were they expecting would fill the orders?
Enerjel has dropped to #17 on the Body cream bestseller list on Amazon, and there have been no new reviews. There are still only 9 reviews.
are you getting delivery of Enerjel today via post office or fedex or some other? and are you on the east coast in which case you should have it by noon which is 90 minutes away
are you getting delivery of Enerjel today via post office or fedex or some other? and are you on the east coast in which case you should have it by noon which is 90 minutes away
According to the 10K FUSE only has 90 shareholders. Did I read that correctly?
So three possibilities: 1)Nobody is really holding this stock long term or 2)nobody really knows about FUSE yet 3)most of the people posting on this board are blowing hot air and they don't own any shares.
some guy on yahoo board is suing Tim Sykes for defamation regarding Fuse.
Check it out. Looks serious.
that's why it behooves management to provide information about shipping dates, orders etc.
This silence makes no sense given that they see the carnage in this stock.
Unless there is nothing to report....
I called Fuse hoping to talk to somebody and urge release of sales figures. Got the answering machine but could not leave message because machine was full.
I am not sure what to make of this...esp. with no delivery of product yet. Still waiting for my shipment.
I wonder if anybody lives close to Fuse's listed office address and could go and check.
I am still uncomfortable with sales and testimonials on Amazon site.
I agree. What does this mean for us stockholders. I read up on rule 506 D. see link below. clearly the guys who are buying these warrants want to remain hidden.
http://www.sec.gov/answers/rule506.htm
So let me understand. these guys converted their 8% convertibles into approx. 17,000,000 shares. So outstanding shares increased from about 90 million to about 110,000,000.
But why should this cause the price to crater? unless these guys are converting into shares and selling the shares.
But why are they selling the shares given the bullish long term prospects for fuse...
I don't get it
Also why do the new warrents have a exercise price of only 0.25 cents. this price is below the current price of 0.39 cents. Should not the exercise price have been set well above the current 0.39 cents? to reflect the long term bullish fundamentals?
I am sorry I am not that well versed. But thoughtful responses will help others also.
Thanks
First time poster long time holder. average price 0.79 cents.
Question: is it normal for products ordered to take this long to ship? I wonder if this delay is causing selling by shareholders and atheletes. (I have not read anywhere that these shares are restricted). I read that O/S has not changed from 110 million.
Also is it too early for management to PR sales revenues? Apparently Enerjel is doing well on amazon.
p.S. How many of you guys believe the reviews on amazon? I am inclined to not believe them, but I don't really know.
Thanks