Innovative Food Holdings Inc (IVFH)

[greasemonkeyshoes]

Mr. Papa is no fool.....
he knew Sam was the problem and he has to go,not just when but how,as he gained initial influence of directorship in exchange for 1-2 years of "truce".No one saw the pandemic coming,and it likely has a horrific impact,devastating the "marginal business model" pushed by Sam: no synergy,cost increase,s&ga increase,....and now no revenue growth in 2020,thanks to the pandemic,and as a matter of fact,likely be down 20% in q2,10% in q3/q4.
my estimate of the 2020 loss excludes impairment charges:
q1 -2 million
q2 -2 to -4 million
q3 -2 million
q4 -2 million
and
offset by ppp loan.

2020 is not the issue anymore,but 2021 is:can the business model work beyond 2020+?25% maybe,as the bigger players are squeezing the "high cost" player out of the market.

I hope I am off on this one or coolhand wager is totally vulnerable and turned into a misadventure,not what I hope to see.Again,stay away from any selfish management.Its likely to backfire,no money to be had,all grief,and just not worth it.