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Per NGTF CEO on company SM site;
“We have a multi-layered approach at the AAHOA show with ideal and are expecting strong response. Due to show restrictions combined with logistics expenses, we are not doing ice cream samples at the show”
Thoughts on the Multi-layered approach?!?
Asian American Hotel Owners Association
Well tomorrow would be the perfect day to post an 8-K to the SEC announcing the purchase order from Vistar?!?
This would of course allow the team at iDEAL to let the 6000 attendees of the AAHOA conference in Baltimore (from April 12-15) to know that they can now order Nightfood ice cream for their grab & go lobby shops.
Then again maybe the biggest news in NGTF’s history will drop?!?
I am speaking of course if the IHC?
Who?….Why?….Where?
It’s about to get VERY interesting.
Something tells me the creation of the next snack category is not far away?
My position is locked and loaded.
04/07/22 8-K Item 7.01 Regulation FD Disclosure.
Sean Folkson, CEO of Nightfood Holdings, Inc. tweeted from his account at @SeanFolkson the following: “Great fun on QVC yesterday! sold out of approx. 9,600 pints in 9 mins! Also, lots of people also asking about hotel deal. We communicate with hotel & distributor almost daily. sign-off has finally been granted and we were told to expect orders very soon. But, as in past, delays remain possible… stay tuned!”
FYI - "Very Soon" for Mr Folkson is "historically' a much shorter period of time than "Soon".
"NGTF Forward Looking Statements".
"Should purchase orders be received by the Company on the current timeline, it is expected Nightfood ice cream pints would begin appearing in in hotel freezers in April, 2022" (from 03/02/22 SEC filing)
"Nightfood’s initial purchase orders into national hotel distribution are expected to be received this month.(from 03/15/02 SEC filing)
The SEC Filings have all been cleared by Nightfood lawyers to make sure that the company is protected against investors that find their proverbial "knickers are in a knot" over share price and direction of the company.
Forward Looking Statements Bitches:
This current press release contains “forward-looking statements.” Statements in this press release which are not purely historical (including, but not limited to statements that contain words such as “will,” “believes,” “plans,” “anticipates,” “expects” and “estimates”) are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, sales projections, potential customers, any products sold or cash flow from operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (a) the inherent uncertainties associated with distribution of our products, (b) the market acceptance of our products at all levels of distribution and sale, including retail purchasers, wholesalers and hotel chains, (c) the success and commitment of our distribution partners to access distribution channels and successfully engage with sellers of our products, including, supermarkets and hotel chains, and our success in obtaining purchase orders from hotel chains,s supermarkets and others, (d) competition from existing and new companies and products and (e) difficulties associated with obtaining financing on acceptable terms . These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
NGTF a Scam (I think not) sold out on QVC....WTF?
Well we now have a Top 5 International Hotel, QVC, Jewel-Osco, Rouses Markets, Central Markets as part of this supposed SCAM!!
Unbelievable that these people would partner with Sean and his team - they must all be losers?!? (or do they know something we do not?)
BTW - QVC sold out in 10 minutes!
Walmart WAS HUGE NEWS!!!
Sales......not so much.......too much competition and without recognition it was tough to gain traction.
Retail proved cost prohibitive with slotting etc etc
Watch out for the success in the Hotel Vertical.
Those are IMPORTANT locations.
Important locations?
Help me understand which locations an why you consider them "important"?
And for those of you who maybe thinking QVC is "part of the scam"
Do you pay to be on QVC?
Is there a fee to submit?
No, QVC and HSN do not charge for product evaluation and does not sell airtime
See all FAQ's
[url]Is there a fee to submit?
No, QVC and HSN do not charge for product evaluation and does not sell airtime[/url][tag]QVC FAQ's[/tag]
NGTF hits QVC
QVC
Buyers - Decision Makers - NOT customers
Retail Buyers...
Retail Buyers are responsible for planning, managing, selecting and purchasing goods and merchandise that are sold in retail stores. They look for new and review existing goods in store to ensure store's competitiveness.
Some of these posts are getting really old - just wait there will be plenty for those who do not believe in the Nighttime snacking category to comment on in the days to come.
Nightfood - Hotel Vertical - Brand Standard Status
Nightfood did not manage to gain adequate traction and sales at Walmart or Harris Teeters - current buyers at those locations do not see the vision of Nighttime Snacking.
Nightfood ice cream is still for sale in the midwest with placement around Chicago in all Jewel-Osco locations, Rouses Markets and Central Market in the south and some independent location out east around NYC.
Nightfood has made a strategic pivot away from the retail vertical into hotels where the Sleep-friendly Nighttime Snacking makes a lot more sense with the customer.
They have new snack formats of ice cream sandwiches and cookies that are close to production.
Nightfood is weeks away from national roll-out into the hotel vertical within a Top 5 International Hotel chain.
They have gained Brand Standard Status at the corporate level of this International Hotel BRAND.
If you are interested in learning more you can follow these links to the Nightfood SEC filings page and read the 03/02 & 03//15 submissions.
NGTF SEC Filings
IMO we will see some fairly significant announcements in the next few weeks - but I suspect that until the increased revenue actually hits the annual financial statements (likely not out until November) there may not be a huge change in the share price.
Unless of course the news is beyond what most here can imagine?!?
Hotel Vertical National Distribution High Stakes.
You can contact Sean Folkson via instant messaging or email - but he has made it VERY clear where he stands on material information ( a position that he has not wavered on since the company went public).
See comments below posted on company SM site within the last week.
Sean;
“As I mentioned previously, we’re not going to violate our signed confidentiality agreements and/or the trust of our partners in news releases, social media posts, in this discussion forum, or in individual phone or email exchanges.
I refer you to past and future 8ks as well as our annual and quarterly filings when making investment decisions.
We will provide additional updates when we can”
Industry Standard…….
Some have missed the point here.
NGTF has attained “brand standard status” with a top 5 International Hotel.
Sean indicated today that he is aiming to be “Industry Standard” over the next couple of years.
Some are so quick to slam him that they don’t even read and understand what he is communicating.
All will be revealed in good time.
CEO is "supremely confident" we will get there!
Per Sean on company social media page;
Good morning everybody!
"To get pumped up for another big week, I was just reading over some kindle highlights from one of my favorite books, Play Bigger. It’s about category design and dominance.
Thought I’d share this this morning. Not trying to compare us to UBER by any means, but just wanting to remind everybody of the value of category creation. UBER has operating losses annually of $3.8B in 2021 (the last time they lost less than $3B was 2015) , an accumulated deficit of $23B, and a market cap of $70B.
Some very vocal posters here seem to give zero weight to the value of the category we’re creating, and the immense leverage that the expected widespread hotel distribution can provide us in the coming months and years.
To Peter and Harry and some of the others who have expressed concern…don’t worry, we’re not distracted by the venting and complaining here.
We’re working tirelessly to establish Nightfood snacks a hotel industry standard within the next couple of years. And, on the strength of that, become the Category King of the nighttime snacking category.
I’m supremely confident we will get there!
Gonna be a fun ride!
Here’s the highlight from the book:
“By 2014, Uber was getting what seemed like preposterous valuations from investors.
In June 2014 it was valued at 17 billion. By December the number hit 40 billion. Six months later it topped 50 billion.
If you looked at Uber’s business at the time, you would’ve concluded that its investors were out of their minds.
But if you looked at the enormity of the problem Uber had teed itself up to solve, 40 billion or 50 billion seemed cheap in the long run.
Uber was creating a category of business that never before existed, and the company put it into our minds that it uniquely understood the problem and could craft a solution.
Where a half-dozen years before there had been nothing, Uber was creating a whopper of a category, and making itself king.
That’s what investors were paying for: the potential of this new category and the belief that Uber would reign as its king for a long time.”
Get ready……….
Something tells me this is going to be a big week for NGTF?!?
Maybe I am wrong - but the PO is coming from Vistar - and then the IHC announcement.
Hold onto your hats - this gas torch is about to go full blast!!!!
Warming - some my positivity as “gaslighting” - time will tell?!?
There is no doubt that yours is shiny with all of your handy work.
I am good with what I have got....which is plenty.
Looking forward to chatting about the state of NGTF in the next 60 days.
I have given you enough attention for this weekend.
Later
Glad you are so full…I mean sure..of yourself.
Let’s chat again on this topic in 60 days.
Some have NEVER believed ANYTHING Sean has ever said….
Some call NGTF a scam….yet Walmart placed it in over 1000 stores in early 2021?
Some call NGTF a scam…yet it is currently for sale in over 180 Jewel Osco’s in Chicago?
Some call NGTF a scam….yet an International Hotel is about to launch it as brand standard a chain of over 500 properties?
I may be accused of gaslighting….. what should we accuse the others of?
Defamation?
Actually over >$37,000 sold at Walmart in Q2.
As you know the Walmart buyers have rotated Nightfood out of distribution.
Not sure of the exact reason - but likely lack of sales.
Somebody bought it?
Looking forward to what is said by those we doubt - once PO is placed?
Have you even tried Nightfood ice cream?
I have 5 pints of Milk & Cookie dough in my freezer and enjoyed some last night before bed.
How is that a scam?
Top 5 IHC part of scam?
Does anyone here really believe that a Top 5 International Hotel Chain will partner with and make brand standard a company that is a scam? LMAO.
Good News!! Believe!!
Nightfood is weeks away from finally being in national distribution of both the Vistar distribution centers and the IHC of over 500 locations.
This will happen regardless of what anyone believes?
And the Good news is that those who "don't believe" don't own shares anyway?
We will likely not see "the sales numbers" until the 10-Q in November.
IMO the share price will be well above $0.30 by that time - due to the press releases in the next 6-8 weeks.
Let's see if I am right shall we?
Per SEC 8-K 10/14/21 states Hotel sales were ROBUST
"National hotel rollout. Nightfood recently announced the completion of a successful retail pilot test of Nightfood ice cream in lobby shop freezers with a leading global hotel chain. The chain reported robust sales during the test period."
NGTF - Customer Acquisition - Hotels
Anyone who has been closely following the story of Nightfood (at least over the last 3 years) has seen that obtaining supermarket placement (which I might add is extremely expensive) really means NOTHING if you do not have sales?
Retail success with Start-Up Trade Spend (slotting fees, stay to play fees, BOGO and discounts) without large sales numbers is a loosing proposition.
What good is it to have placement in say 1300 Publix stores (at a cost of around $100 per store per SKU to get in the door) if you only then make up 1% of the total set in the store and nobody knows who you are?
The CEO confirmed that given the choice (which he now has) that he would prefer the Hotel vertical over Walmart distribution. Think about that for a minute?
Sure - in a perfect world Nightfood would have the capital to support maintaining the supermarket placement AND the roll-out into the hotels - but that is not the case?
From a customer acquisition perspective - how powerful will it be to make up 30-50% of the ice cream options in a hotel freezer?
Nightfood management has been told (by the IHC) that Grab & Go lobby sales are at the same velocity as an individual supermarket. "Sales were robust".
Give me 4000 hotels over 2000 supermarkets every day of the week and twice on Sunday.
I also do not believe Nightfood would have been able to offer additional formats (each with their respective slotting fee) in the retail space either - but should easily be able to introduce sandwiches, cookies and chips in the hotels?
I am not saying it is all roses here - but as an investor I believe our long term chance of Nighttime Snacking Category creation are MUCH better via the hotels than the supermarkets.
AAIMO
Something tells me these are not April fools comments?
NGTF CEO comments on social media this morning.
Sean;
"Getting Better Sleep" is a mega-trend in hotels.
Of course it is. And it's not just because Forbes says so.
Hotels are in the sleep business. Always have been.
And while luxury hotels like The Langham Hotel and Mandarin Oriental Hotel Group can offer turndown kits and overnight sleep studies, how can the tens of thousands of mainstream hotels fulfill their obligation of supporting better sleep quality for their guests?
One way is by offering sleep-friendly versions of the most popular nighttime snacks they're already selling
Hotels already have the pot of decaf out next to the regular coffee.
What's coming next?
How about Nightfood ice cream next to the Haagen Dazs? And Nightfood cookies next to the Oreos? And Nightfood chips next to the Pringles? And...you get the idea...
As we prepare to roll Nightfood ice cream into our first national chain hotel partnership, we're also preparing for a future where Nightfood sleep-friendly snacks are an industry standard in hotel lobby shops from coast to coast.--
Let's see if the Investor Deck is updated for April?
If the PO was placed today what is considered a "reasonable period of time" to report a material development?
I have NEVER EVER suggested that one should only buy shares of NGTF?
As you say it's a penny stock right?
Most only trade a penny stock....
But since the September 8th PR I am INVESTED in NGTF.
100% I needed to sell some of my shares last year.
No problem admitting that - only bummer is the short term gain.
Speak for yourself maybe?
There are some of us on this board that bought shares at $0.08 remember?
I sorry for those of you who feel confused & nervous about NGTF?
I want to be 100% clear that anything and everything I post on this board is either my own opinion (as to the direction of Nightfood as a company) or a direct posting from the companies SEC Filings and/or social media chat page.
Some of you feel that I am "gaslighting" which depending on your definition could mean a lot of things to different people.
If you want to question me as to my source of information then go ahead - but accusations that I am trying to present anything in the way of falsehoods is inaccurate at best.
Maybe check the definition below:
Gaslighting
IMO there are some here who might be confused, anxious, and perhaps unable to even trust themselves?
Just imagine that the world runs right.....
Then Nightfood secures distribution in 7500 hotels in the first 9 months after the initial launch (as management projects) then nobody on this board will not have to read another post from me supporting my belief that the Nighttime Snacking Category has arrived (or gaslighting as some would suggest).
Page 3 of 8-K released September 8th 2021
“The test results indicate we can expect to sell as many pints per week in a single hotel location as we do in a single supermarket"
8-K Sept 8th 2021
If the pilot sales were not good - why would an international hotel chain have Nightfood sign an agreement to launch throughout an entire chain?!?
Hotel TRevPAr....
Here is s 2020 article on TRevPAR in Hotels
TRevPAR
Every Revenue Manager is looking to identify potential areas of opportunity.
One of these Top 5 Hotels is weeks away from making "quite the deal" about offering NGTF in one of their chains nationwide.....They apparently (according to the CEO) even approved how their name appears on slide f#12 of the companies presentation deck?
This is NOT Gaslighting....this is about to get very real!!
Which one is it and when will it be announced?
The reason for the secrecy will be revealed soon....VERY SOON!
"I'll call the hotels and let them know NGTF got kicked out of Walmart?"
When a corporate level decision is made on a vendor it is made.
There will be an expectation of compliance throughout the entire hotel chain for the Nightfood pints (and potentially other formats)
Individual hotel owners are unlikely to care if Walmart does or does not carry the product. They will care about TRevPAR (not that I expect many of you on the board to care too much about that?).
Assuming the product sells as well as it did in the pilot testing across the entire chain....these hotel owners will be grateful for the incremental revenue.
Call away between your scanning - bleep, bleep, bleep - have a nice day!
Hotels care about the sleep quality of their guests
Some are missing the point of the CEO's comments.
When a product like Nightfood becomes "brand standard" in one of the largest IHC's in the world - it is "more likely than not" that EVERY hotel that cares about their guests sleep will also carry the products. The all care!!
We will only need to watch NGTF for the next 3-6 months to see if the comments from the CEO are an accurate assessment.
Who should we believe?.....The man who actually signed the agreement with the IHC or the boys on this board who for the past 3+ years have continually worked to trash that CEO and his company?
The guess the sound of the scanner is driving them crazy?
Purchase Order should drive Press Release
NGTF investors are eagerly awaiting the press release which will provide some confirmation of the initial distribution to Vistar.
Comments below are from the CEO this morning on the companies social media page;
"The GPO deal is expected to be super-helpful in terms of expanding the # of outlets once in distribution. Once we fill the first POs from the distributor, we’ll be “in distribution” in their warehouses.
From there, the GPO will reach out to their 10k+ hotel accounts and say something like: “Hey guys, this is the latest and greatest thing! You know how important sleep is and how important grab & go has become? Well, Nightfood is a line of snacks that is formulated for better night snacking and better sleep…it’s the latest craze and everybody is adding it to their markets. In fact, XYZ Global hotel chain is putting it in all their properties!!! If you care about your guests and how they sleep, you need to have Nightfood available.”
With the GPO, our distributor, and iDEAL, we also expect to close additional corporate level deals (brand standard, etc…), but those take longer to incubate (as of now). Of course, that incubation period is expected to shrink drastically as we get more distribution. So, if we are already in 75 ABC hotel properties across the country that are carrying Nightfood because they heard about it through the GPO or their hotel management company had them put it in, when we have that conversation with corporate about making Nightfood a brand standard, it’s likely to go much faster. “Ms. Decision-Maker, Nightfood is already in 75 of your properties all across the country, and it’s selling great…you should get it in chain-wide…no need to test, it’s already out there and successful, let’s make it happen now!”
I believe there’s a tipping point we will hit which will lead to decision makers at “all hotels” at some point to feel like they “should”, “ought to” and “must” have Nightfood for sale….there’s a point where a hotel NOT having Nightfood is basically the equivalent of them declaring publicly “yes, we’re a hotel, but we don’t care enough about the sleep of our guests to address it nutritionally.”
Clearly, that’s not something most hotel operators or brands would want to say, once “sleep-friendly snacking” is established as a thing
Here’s what I believe will impact how fast we can hit that tipping point:
• The influence and impact of the name of the first chain(s) that bring us in
• the raw # of properties we’re in
• Having multiple snack formats in distribution (i.e. more than just ice cream pints)
• industry buzz
• sales velocities (can we sell about the same, or more, compared to the legacy brands)
The GPO really doesn’t drive the distributor to bring a product in, which is why we pointed out when we announced the GPO agreement that we believe investors can view that relationship as validation of imminent brand-driven distribution activity.
Thanks for the question…I enjoy laying this stuff out before the day gets busy…always helps me to crystalize my thinking on things"
I like the words "tipping point".......
You call these posts "Walmart Pumping" - Yeah Nah?
Here are my posts on Walmart;
Kiwikid1
Thursday, March 11, 2021 4:53:53 PM
Re: tolduso post# 9984
Post# 9988 of 13520
Walmart is a rollout.....NOT a Test
Tarrytown, NY, Feb. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nightfood, Inc. (OTCQB: NGTF), better-for-you snack company targeting the $50 billion Americans spend annually on nighttime snacks, announced today that Nightfood’s sleep-friendly ice cream will soon be available in Walmart stores in multiple regions of the United States.
Total store count and flavor numbers will be released in the weeks to come.
Kiwikid1
Wednesday, March 24, 2021 7:45:14 AM
Re: 31twu post# 10264
Post# 10265 of 13520
Don't forget Walmart
IF the news on total Walmart stores (and flavors) is released this week then $0.30 will be a bargain. IMO.
We all know that "News MOVES"
Kiwikid1
Thursday, April 01, 2021 6:32:40 AM
Re: None
Post#
10318 of 13520
Walmart - 5 Flavors - Great Set
"Nightfood flavors launching into Walmart stores in April are best seller Cookies n’ Dreams, Bed and Breakfast, Cold Brew Decaf, and After Dinner Mint Chip" as well as the Pickles for Two.
This is not a joke for those of you aware of the date today.
Kiwikid1
Thursday, April 01, 2021 7:01:45 AM
Re: tolduso post# 10322
Post# 10323 of 13520
They have clearly sold enough pints for Walmart to "open it's doors"
5 flavors is a solid block of real estate in any store - let alone the largest retailer in the WORLD!