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The company has not generated a lot of interest.
Consequently the stock is where it is.
If they do a 20, 30 or 40 for one reverse split, they better make sure they have some institutional interest that will be buyers.
Otherwise I could see short sellers come in and obliterate the price and the stock would be selling for pennies again.
All I am saying is they had better be profitable or the whole uplist will be for nothing.
any mention of uplist or reverse split today?
200 million? They would have to average almost 54 million a quarter the rest of the year, and they only did 38 million in Q1.
Let's be realistic and stick to their guidance of 175 to 190 million.
175 million alone would be remarkable in my opinion because they would need to average 45.6 million dollars a quarter to achieve the low end of guidance. Anything close to 190 million would be a home run for the company.
I think the guidance is pretty remarkable and if they can hit the midrange then I might be a buyer after the reverse split.
I want to know who the investment banker is and I want to see how the stock trades after the split.
If they can produce higher revenues with an increase in profits, they will be on their way.
Low enough float you can probably trade it and make some money.
A similar company JRJR, formerly known as CVSL, did a reverse stock split in 2014.
Traded briefly around 19 to 20 dollars per share.
Today it trades around $1.00
Well if they do a one for 20 reverse split, the Wallach's will only have 14 million shares instead of 280 million.
Problem is they will still own 70% of the company.
I have to believe they will want to monetize those shares at some point.
What's the point of being a multi millionaire only on paper?
I believe they will have to do at least a one for twenty reverse split to wind up on the NYSE.
Reverse splits can work for profitable companies but often times they don't work for unprofitable companies that are stressed.
A reverse split would put the stock over 5 dollars per share.
Would it work for YGYI?
I thought they were going to wait until the international markets were a significant portion of their revenue. And that hasn't happened yet.
Questionable.
If you are thinking of buying the stock. Usually waiting to see how the split plays out may be a good idea.
Many times what follows is a selloff back into penny land.
But if YGYI management is smart, and they are talking to people who want to invest after the split, it could work.
Wow.
Some familiar names involved.
At least 3 former executives and 3 or 4 top distributors.
I will be curious to see how much this has hurt Youngevity.
It must have taken some toll on revenues.
We will find out soon enough.
Here is a tweet from the chief operating officer of Youngevity telling us what a tough job she and her husband have.
MICHELLE WALLACH (@MGWallach) tweeted at 8:49 AM on Tue, Mar 22, 2016:
If running a company were easy then EVERYONE would do it. To be a true leader you must accept your critics. #Youngevity
MGWallach should just delete her twitter account. She is not helping the company with a public feud.
And here are a few more gems from the COO. Sounds like a soap opera going on there.
MICHELLE WALLACH (@MGWallach) tweeted at 7:12 PM on Fri, Mar 18, 2016:
Secrets and Lies kill relationships. No matter how careful you are -you will ALWAYS get caught! Why lie to my friends? They are on to you!
MICHELLE WALLACH (@MGWallach) tweeted at 9:39 AM on Tue, Mar 15, 2016:
Liars who cry crocodile tears while telling people she made $100k month but hasn't been paid since February will be judged by truth-seekers
MICHELLE WALLACH (@MGWallach) tweeted at 8:40 PM on Tue, Mar 15, 2016:
Your post today is about being authentic. So were you telling me what I wanted to hear last week or was that your authentic self? #GetReal
MICHELLE WALLACH (@MGWallach) tweeted at 7:21 PM on Mon, Feb 22, 2016:
#ThingsILearnedAtRecess We should all play together!
You don't STEAL friends away from others! No Lying!
#Youngevity
Did the top leaders from the Livinity acquistition 4 years ago get terminated or leave Youngevity?
There seems to be a twitter feud between MGwallach the Youngevity COO and Barb Pitcock of Livinity.
And Pitcock says on her facebook page that she was terminated by the company.
Pitcock say her husband left because he was disgruntled with management. She stayed, but was then supposedly terminated.
Not sure what's going on with that.
ok.
This is the gist of it...
"We have intentions of launching offerings to include: small business lending, tele-care virtual doctor appointments, cloud storage and encryption services, identity theft protection, online cash back shopping apps, and credit card processing services."
So how are they going to do this?
By developing these from the ground up or through acquistions?
A little more detail and color please.
Dave Briskie. Over the last 5 years you've had a lot of 'great ideas'. Could you outline how you intend for this to be profitable soon?
They typically report full year and Q4 in March.
Look for it around March 30th.
I agree with you about Wallach.
And if you've noticed, the last 8 press releases don't even mention the CEO of the company.
It seems to me they are trying to hide him. Which is probably a good thing.
Also I wonder what the margins are in green coffee? The revenue number is pretty good, but how much money goes to the bottom line?
They were promoted to do key jobs and now they are gone in short order.
Not a sign of great things to come.
Constant turnover at the top cannot help the focus on sales.
Brytt Cloward, Patti Gardner, and Mike Casperson.
So in addition to Andreoli, they lost a VP of Sales and a VP of distributor relations.
Sounds like key positions to me.
You should be more informed.
Firing 4 executives in one shot does not give me great reason to think the 3rd quarter report will be any good.
To me this is another setback and a failure in leadership from mister Wallach.
Four changes at the top of the executive team?
Not sure this can be assumed to be a positive thing.
Briskie won't be fulfilling Andreoli's role.
So I don't know what the position of President means.
Maybe an increase in pay for Briskie.
The company seems stuck in neutral.
Maybe the changes are for the better.
But we don't know that yet.
One thing we should see is Andreoli selling his 807,500 shares of YGYI at some point.
I don't see any other way.
Those 200 million shares will be reduced when they do a 1 for 20 reverse split.
But first the company has to be firing on all cylinders including MLM internationally and we are not there yet.
Briskie stated as such in a presentation last year that a reverse split will be on the table when the company is in a strong enough position to do so.
The author doesn't know how the company does acquisitions. He would if he read the latest 10Q.
The author does not know what the 5.2 million dollars generated in the private placement in January will be used for. He said acquisitions. That is incorrect. He would know if he read the latest 10Q. The net proceeds are primarily for the purchase of green coffee to accelerate the growth of the coffee segment green coffee business.
The author does not know what the cost of their number one selling product is if one were to buy it wholesale as a preferred customer, which anyone can be for no additional fee. And it is not $170 for a month's supply. You can buy BTT for $55.00 and you know what is on the label is actually in the product. Not like some of the crap that that does not contain what the label says it does as was recently reported in media news stories.
The New York State attorney general’s office accused four major retailers of selling fraudulent and potentially dangerous herbal supplements and demanded that they remove the products from their shelves.
The authorities said they had conducted tests on top-selling store brands of herbal supplements at four national retailers — GNC, Target, Walgreens and Walmart — and found that four out of five of the products did not contain any of the herbs on their labels.
Like they say. You get what you pay for. Youngevity products are of much higher quality.
I would say the Seeking Alpha article is deliberately deceptive and just plan wrong on most counts.
He had a lot of the same talking-points as that Bodhi genius who got crushed bad mouthing the stock at 20 to 25 cents.
Wait.
Maybe they are cousins?
Yes it was.
It's possible we might be back in the 36 to 39 cent range before the end of the day.
There may be a rule in which the company is prohibited from buying back shares if they are in possession of material information. For example, they probably already know what Q2 results are.
If they exceed the expectations of the optimists here, maybe it would be a good time to release some preliminary results?
And if ever there was an opportunity for the company to buy back shares, now would be it.
I think the stock has been shorted to some extent recently but with little affect on the share price.
The shorts into YGYI had to cover with no gains, and any new shorts needed a hit piece like this to grease the skids.
And why write the piece just a few weeks from the Q2 report.
Somebody needed to get in the stock or out of it before then.
That in itself makes me suspicious.
Just a theory.
Interesting article.
I think he will be proven wrong about Youngevity.
He did not bother to mention that YGYI was still growing domestically, which most MLM's cannot claim, and that the growth of international revenue is about to kick in. And he did not discuss the high margin business that are k-cups.
He talked about the roasting operation, but ignored the green coffee business.
He also did not talk about how some of the acquired companies increased sales under the Youngevity umbrella.
So I guess we wait for Q 2 numbers to see if he is right.
I don't think so.
This guy seems to specialize in doing hit pieces on MLM's. This is one he will get wrong.
We will find out around the 2nd week of August.
You're as lame as ever today.
Why don't you tell us what is wrong with the charity?
I don't think .45 is likely today.
But the stock is doing ok.
The stock is hanging in there pretty good, after what I thought was an uninspiring quarter.
I think the 2nd quarter will have to be considerably better for the stock to continue this move.
But that being said, it looks like the stock is going higher because there are those who believe it is cheap, and future results will prove that.
I hope they are proven correct.
By the way. Where are Josh and Bodhi?
They only bother to show how smart they are when the stock goes down, otherwise they run and hide.
Weak.
But what else can you expect from a couple of sociopaths.
I get it. But the last 3 qtrs revenue has been flat to lower.
And they have to average about 47 million a quarter to get to 177 million for the year which SeeThruEquity said they should do.
The 2 acquisitions in Q1 apparently could not move the needle.
With a micro cap company I like to see strong sequential revenue growth and right now it isn't happening.
I'm taking a wait and see attitude. And I need more proof this team can deliver.
It will be interesting to see how investors react to the Q1 report.
My take is that they will be in no rush to buy the stock.
Based on what I'm seeing in the Q1 results, Youngevity still has a lot to prove.
Valid points.
Looking forward to the call this afternoon.
Q3 to Q4 of 2014, revenue was basically flat.
It is important to me that revenue for Q1 2015 is significantly higher than the previous 2 quarters.
they are supposed to be a growth story. I want to see it.
We'll see.
Conference call May 14th after the market close.
SAN DIEGO, CA, United States, via ETELIGIS INC., 05/07/2015 - - Youngevity International, Inc. (OTCQX: YGYI), announced today that it will host a conference call on Thursday, May 14, 2015 at 4:15 PM Eastern Time (1:15 PM PST), to discuss the Companys first quarter financial results, which it plans to release after the close of the market on the same date.
Youngevity Internationals senior management will host the call, led by Mr. Steve Wallach, Chief Executive Officer; Mr. Dave Briskie, Chief Financial Officer; and Mr. William Andreoli, President. The purpose of the call will be to discuss its financial results, provide an update on current business trends and to answer questions that are submitted by shareholders.
Interested parties are encouraged to submit questions via email to http://ygyi.com/info-opt-in.php. Questions should be submitted by noon Eastern Time on Wednesday, May 13, 2015.
Investors can access the conference call by dialing Toll: +1 (609) 318-0024 and entering the access code: 307-730-091. It is advised that you dial-in at least five minutes prior to the call.
The conference call will be recorded and available for replay shortly after the conclusion of the call. Recorded calls are available in the Investor Relations section of Youngevity Internationals website: http://ygyi.com/calls.php.
Herbalife up 15% after hours. Other MLm's up in sympathy.
And if they would listen they would hear this bit of news.
YGYI (CLR Roasters) has signed a contract with a company that distributes coffee to health care facilities. And they are forecasting 12 million K-Cups in just the 1st year.
Josie's Java House brand of K-Cups has been picked up by the largest distributor of Office Coffee (OCS) in North America.
We think this distributor is Sysco because we heard their name mentioned on a previous investor web-cast.
They will begin to start shipping the Josies' brand on June 1st.
Here is a little description of Sysco...
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 194 distribution facilities serving approximately 425,000 customers. For Fiscal Year 2014 that ended June 28, 2014, the company generated sales of more than $46 billion.
If doing business with Singular Research and SeeThruEquity gets the company noticed, what is the problem?
All corporations have relationships with investment banks and research firms at some point.
It is all part of the process and attracts investment dollars into one's stock.
If a company has good or improving fundmentals, then it's up to the potential investor to decide if they want to put money into the company.
Research firms that follow micro-caps are needed to help companies like Youngevity get their foot in the door or at least get noticed by potential investors, otherwise they languish in anonymity.
I think Briskie and the team are doing what it takes to get the company on as many investors radar screens as possible.
They are doing the right thing and at the same time growing the business too.
This should be no mystery to anyone because all public companies do this to a certain extant.
I believe it was Singular that introduced them to potential investors in Boston and New York in March. And if YGYI paid them a fee for this service, then it was money that was probably well spent.
But in the end it is up to the company to build a good and growing business, then everything else will take care of itself.
Not sure what to make of Thursday.
Great volume. But no follow through.
Best that can be said is that while there were a lot of sellers, there were also buyers, so the stock essentially closed less than a percent lower.
I would have expected profit taking and I think that's what happened yesterday.
Curious to see whether we hang around this level for a while before another move higher or maybe we take a dip.
Not sure what to expect here.
Maybe we find out as soon as today whether a bunch of penny-flippers entered the stock or investors who plan to accumulate and hold.
210 thousand shares for sale at .395
If that can get taken out in the next day or two that would be impressive.
If not, it may take a while to break 40 cents.
I wonder if Briskie will be making any news tomorrow?
He has never done a webcast like this before where all investors are invited to view in 'real time.'
I won't be able to watch it live, but hopefully it will be available for a replay.
I hope you are right about the direction over the next few weeks.