Galaxy Nutritional Foods, Inc. (fka GXYF)

[zsvq1p]

Yeh.. they are so generous.. LOL

last 10Q..."will need to greatly increase our present production volume before the measuring period from September 1, 2009 to August 31, 2010 in order to avoid a substantial shortfall payment"... "estimated short-fall payment could exceed $6,400,000."

I guess I still don't understand why any company would word a contract as such? It seems they could have easily said that they would buy 100% of all product... and they have the exit payment stuff... They had to have been backed into a corner by this supplier! Now you know, when you buy Schreibe products, what kind of company Schreiber is...

What they should do is buy up all the other soy cheese companies... They could budget $6.4 mil for the purchases and maybe get something out of this blunder.