Wednesday, June 22, 2011 12:25:01 PM
SMKY on HIGH ALERT - NEWS COMING SOON, BOLLINGERS TIGHTENING UP, FLOAT is TINY!
SMOKY MARKET FOODS (SMKY) has many exciting things planned this summer, and summer is just about to get started. After over 6 months without any news from the company, a letter to shareholders was recently posted at http://www.mysmokymarket.com.
WHAT IS SMKY?
SMKY’s unique line of delectable Smoke-Baked™ cuisine is produced in a large USDA-inspected processing facility located in Webster City, Iowa. Many years of costly development were required to get the smoking technology of the “smokers” approved by the USDA for commercial mass production of meat and fish. Now that the regulatory approvals have been achieved, SMKY is gearing up for major operations, including the launch of a new online store, including marketing through an affiliation with Weight Watchers and its 6 Million+ members, and distribution to large national and regional grocery chains.
In order to launch the online and in-store sales, the company will offer 3-year preferred stock to investment firms and large private investors to secure initial financing, and the first $500k puts SMKY in business. In preparation of this offering, the company is currently in the process of completing its year-end financial report, which it expects to be completed within the next few weeks.
The company will also follow with an audit in July in preparation of getting current with its SEC filings. However, financing can proceed before the audit and filings are completed.
It is expected that the online sales would begin in August, with the first grocery chain orders to commence in September.
Up to this point, CEO Eddie Feintech has been introducing SMKY’s products to Weight Watchers, several major distributors and grocery chains, including even Whole Foods. The response has been very positive, and therefore, it is almost a given that orders will be placed once SMKY is ready to fire up the smokers!
As a shareholder, you also have the opportunity of purchasing a sampler of salmon fillets, beef tips, chicken strips, ribs, baked beans and dipping sauce. Many shareholders have done so, and have also had a very positive response. THE FOOD IS GOOD! The salmon gets the best reviews, which coincidently is SMKY’s most profitable product.
As SMKY has been quietly building its business, the stock has been quietly drifting higher on mostly light volume as investors have started to take notice of this hidden gem. This past winter, SMKY was actually trading below a penny, but has since risen to a recent high of .085 prior to consolidating around .06:
What has made this move so effortless is the incredible share structure. SMKY’s public float is only 13.8M shares, and of that amount, approximately 8M shares are held by original seed investors with a long-term outlook of the stock. That leaves ONLY 5.8M SHARES in the effective float, and a lot of those shares are in strong hands as well. Simply put, if you want to accumulate a sizable position, it is going to be very difficult to do so without driving the price higher.
For those that observe the trading on a Level 2 platform, it appears that a very limited number of shares are being offered for less than .20/share now, and once the stock reaches .20/share, many of the aforementioned company developments could be in full swing.
SMKY appears to have all the ingredients for a monster run this summer and beyond, and I haven’t even mentioned what’s next: the BarBQ Diner Restaurant concept through a joint venture with an established chain (much like how Chipotle got started with McDonalds)… but we’ll save that one for another day.
I would highly encourage any interested investors to read the recent letter to shareholders at http://www.mysmokymarket.com and also visit the SMKY Board on IHUB for more-detailed information on the company at http://investorshub.advfn.com/boards/board.aspx?board_id=10466.
And if you have any questions or concerns, I would also encourage you to call or e-mail CEO Eddie Feintech, who is always willing to speak with shareholders and prospective investors: (831) 457-7719 or efeintech@smokymarket.com.
SMOKY MARKET FOODS (SMKY) has many exciting things planned this summer, and summer is just about to get started. After over 6 months without any news from the company, a letter to shareholders was recently posted at http://www.mysmokymarket.com.
WHAT IS SMKY?
SMKY’s unique line of delectable Smoke-Baked™ cuisine is produced in a large USDA-inspected processing facility located in Webster City, Iowa. Many years of costly development were required to get the smoking technology of the “smokers” approved by the USDA for commercial mass production of meat and fish. Now that the regulatory approvals have been achieved, SMKY is gearing up for major operations, including the launch of a new online store, including marketing through an affiliation with Weight Watchers and its 6 Million+ members, and distribution to large national and regional grocery chains.
In order to launch the online and in-store sales, the company will offer 3-year preferred stock to investment firms and large private investors to secure initial financing, and the first $500k puts SMKY in business. In preparation of this offering, the company is currently in the process of completing its year-end financial report, which it expects to be completed within the next few weeks.
The company will also follow with an audit in July in preparation of getting current with its SEC filings. However, financing can proceed before the audit and filings are completed.
It is expected that the online sales would begin in August, with the first grocery chain orders to commence in September.
Up to this point, CEO Eddie Feintech has been introducing SMKY’s products to Weight Watchers, several major distributors and grocery chains, including even Whole Foods. The response has been very positive, and therefore, it is almost a given that orders will be placed once SMKY is ready to fire up the smokers!
As a shareholder, you also have the opportunity of purchasing a sampler of salmon fillets, beef tips, chicken strips, ribs, baked beans and dipping sauce. Many shareholders have done so, and have also had a very positive response. THE FOOD IS GOOD! The salmon gets the best reviews, which coincidently is SMKY’s most profitable product.
As SMKY has been quietly building its business, the stock has been quietly drifting higher on mostly light volume as investors have started to take notice of this hidden gem. This past winter, SMKY was actually trading below a penny, but has since risen to a recent high of .085 prior to consolidating around .06:
What has made this move so effortless is the incredible share structure. SMKY’s public float is only 13.8M shares, and of that amount, approximately 8M shares are held by original seed investors with a long-term outlook of the stock. That leaves ONLY 5.8M SHARES in the effective float, and a lot of those shares are in strong hands as well. Simply put, if you want to accumulate a sizable position, it is going to be very difficult to do so without driving the price higher.
For those that observe the trading on a Level 2 platform, it appears that a very limited number of shares are being offered for less than .20/share now, and once the stock reaches .20/share, many of the aforementioned company developments could be in full swing.
SMKY appears to have all the ingredients for a monster run this summer and beyond, and I haven’t even mentioned what’s next: the BarBQ Diner Restaurant concept through a joint venture with an established chain (much like how Chipotle got started with McDonalds)… but we’ll save that one for another day.
I would highly encourage any interested investors to read the recent letter to shareholders at http://www.mysmokymarket.com and also visit the SMKY Board on IHUB for more-detailed information on the company at http://investorshub.advfn.com/boards/board.aspx?board_id=10466.
And if you have any questions or concerns, I would also encourage you to call or e-mail CEO Eddie Feintech, who is always willing to speak with shareholders and prospective investors: (831) 457-7719 or efeintech@smokymarket.com.
My posts are my personal opinions and not recommendations to buy or sell securities. You are responsible for your own investment decisions. Full Disclaimer
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