1847 Holdings LLC (EFSH)

[John_Vallay]

How can they pay a dividend since they have $53 million in debt, of which $25 million is current and their accounts payable which is immediate debt is $12 million - THEY ONLY HAVE $2.2 million in cash.

They have convertible notes payments due that if they don't pay using their cash the notes convert to stock at about a 50% discount to market price which will drive EFSH stock price down to 18 cents a share.

Oh, and what about the prospectus they filed on June 2 to raise $10 million.

Your dividend prediction can not be done just on the above numbers which are real.

But I will add another twist to your dividend dream - Maxim Group is the banker on this $10 million capital raise. Maxim is not bringing in long term investors for this cap raise, they will probably bring in short term funds that will short the stock. EFSH will end up being giving away the farm because more dilution, reverse split and a continuous loss for you.

I see a SHORT position as being the way to go here.