"The company had to sell new shares to raise money for the purchase, and when it did, it priced them well below where its stock had been trading on the open market. Shares tumbled. When Moore spoke to investors after the closing, one said he felt he’d been “given the shaft” on the deal."
"The company is struggling with supply chain issues, as is the rest of the industry. Moore told investors Thursday the company is advertising less to avoid attracting orders it can’t fulfill."
https://www.stltoday.com/business/local/goedeker-s-shedding-family-name-mom-and-pop-modesty-as-it-looks-to-conquer-online/article_586ec60b-b3fc-5a43-b2f6-2cb89666f159.html
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