Innovative Food Holdings Inc (IVFH)

[Dickmo]

Anyone care to hazard a guess what this means from the 10-K?

4. DISCONTINUED OPERATIONS

Effective February 23, 2016, the Company closed a transaction to sell 90% of our ownership in The Fresh Diet, Inc. (“FD”) to New Fresh Co., LLC, a Florida limited liability company controlled by the former founder of FD. The consideration to Innovative Food Holdings consisted primarily of a restructuring of our loans, which includes the ability to convert to additional amounts of FD under certain circumstances. Aside from any payments related to liabilities previously accrued by the Company, there were no other cash outflows related to the discontinued operations. During the twelve months ended December 31, 2016, the Company accrued the amount of $850,000 representing the amount due based on an agreement signed in 2017. The agreement involved the purchase of rights to 1,450,000 RSUs and the purchase of 642,688 shares of the Company’s common stock. During the three months ended March 31, 2017, the Company paid cash for liabilities related to discontinued operations in the amount of $1,230,497. The Company also retired 642,688 shares of the Company stock to treasury.

"...paid cash for liabilities related to discontinued operations..." Just a guess but it looks like an old Fresh Diet liability. Lawsuit perhaps? More coming? That seems like a lot of money to just bury in a footnote.

But hey - don't want to appear negative. Wouldn't be right. Enjoy the conference call. I'll catch it on the replay. Or has the Imperial Presidency officially begun?

Any else beginning to see why after another great quarter there is a collective yawn from investors and on the company chat board?

But hey - don't want to appear negative. So I'll just go and hide for a while. You guys carry on the great discussion you were all having about the stock going north of $1 soon.