Freshpet Inc (FRPT)

[stocksablaze]

thought this was a great post--->
Dowlist Charges Stephen Quillan, Melissa Davis, and Jim Cramer with Securities Fraud 25-Mar-08 07:06 pm How u like that? Putting out a pr and headline or a 3 second clip doesn't make it true.

However, as someone pointed out, Tim Quillan was a genius in knowing months beforehand that FRPT would fall from 30 to 10 and then to 2. In an attempt to separate himself from Melissa Davis and the street.com, he upgraded FRPT to a 5 buck stock in February.

This very day, a day after the positive Conf Call on FRPT where Tim asked many questions, he pulls FRPT from the list of covered companies on his site.
http://www.stephens.com/research/analyst...
However, the link still exists:
http://www.stephens.com/research/analyst...

And today, the very day Quillin leaves the scene per his website, Jim Cramer mouths off on FRPT out of the blue. Yup, the same Jim Cramer who is head of TheStreet.com, who's reporter Melissa Davis bashed FRPT in over 100 news releases/alerts on that site. Mind you, the short interest has been steady near 15-25% and massive Failure to Delivers(FTDS) in the clearing system occurred. The SEC did nothing.

ALL this on a company who can verify it saved 1000s of American lives in the Middle East and who the DOD for some reason shut out and confirmed Mr Quillin's theory as of this past week or so. Who fed Mr Quillin info? Was any of this fed by former CEO of PVI in SC, who left FRPT and later BK'ed that company while being sued by FRPT?

Meanwhile, junky securities lawsuits with no merit are launched against people who don't even work there anymore, ie the former insider. That's the guy who sold near 30. The lawsuits are the final straw these abusers had in their scam along with the delisting.

The problem they have, any they all know it, is FRPT is now a real company with about a billion booked in last 12 months. 2008 will have over 600 million booked. Recurring rev's will easily be b/w 100-200 million for next couple years. And the market cap is STILL Only 150 million on this? They have 70 million just in cash!!!!!


By no means does any of this relieve the company of what it SHOULD have done, ie timely filings, tier 1 accounting firm, DCAA controls, etc. But, this is a company who was good at designing and building life-saving vehicles and grew like a crazy start-up as it struggled to meet demand and hire skilled people in the deep south. It's hardly a fraud situation when the DOD misrepresents to you, as confirmed in the Conf Call last nite about mrap orders and confirmed in a recent whistleblower case. The real fraud starts looking like the politicians and inside military folks who leaked info and helped big hedge fund sell short for months until the news broke.

Fact or Fiction?

You Decide.