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Re: Wall Street Antiques post# 711

Friday, 02/08/2008 2:44:09 PM

Friday, February 08, 2008 2:44:09 PM

Post# of 828
A few things...

- They are very close to re-negotiating the supply agreement shortfall payment

- No official announcement on selling the company but only consider a serious offer.

- Hummus in 1100 stores with goals of double triple that... and possible additional revs of $2-3 million.

- Won't know what Casein price will look like until end of March

- 4th Q guidance was that casein will continue to have adverse impact.

- only debt is convertible debt fixed at $.35 and felt historically that Deluca has converted...

- Cash in $1.4 million

- Base brand customers grew 4% Y on Y.

- Mike felt like the stock was undervalued. Some guy asked why mgt doesn't buy? They've had blackout periods.

Overall I thought it was a positive call... I have a new blackberry and could figure out how to push * so my questions will have to wait for this summer... LOL




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