Innovative Food Holdings Inc (IVFH)

[greasemonkeyshoes]

good moneys says......
asset price(mc) $9 million
annual loss of $6 million currently
case 1:
going forward
one year to break even,net loss of $6 million,cash -$3 millon(prior infusion of capital a must)
33% likely
case 2:
2 years to break even,net loss of $12 million,cash -$9 million
33% likely
case 3:
black swan event,net loss of $15+ million,cash -$12+ million
33% likely

so,the question becomes "is it worth it to add good money($7-9 million-minus cost of sam's poison pill) with 33% chance of eps=0 at the end of 12 months?"

it's going to be a tough slug(to stop the cash drain) for the active investors even if it won the proxy fight: war chest full of cash a must;high cost of takeover;and difficult challenges under a deep recessionary regime.

another possibility:
at 10% chance in the next 12 -24 months,and just maybe,in the mess of things,plus a black swan event,i get the chance to buy the stock early and below 5c.