Smoky Market Foods, Inc. (fka SMKY)

[Farrago]

Oh, well your use of the word "everything" to mean only selling preferred shares threw me off...but that being the case, I have to disagree with you.

From Eddie, post 4406:

By the end of August, SMKY will have i) got current on all filings, ii) launched its new branded website, iii) commenced to generate intial sales from basic social networking, and iv) began to sell its Preferred Stock offering to raise primary financing. WW requires a huge inventory and it takes capital and some time to build it; just a .5% response to our first month's ads in their website could generate 30,000 orders ($1.2 million)... and that's not including WW of Canada or the other affiliate sites we're planning to promote with. We must be well prepared.

I see nothing here requiring the stop sign to be removed prior to selling preferred shares. Nor here:

The Preferred Stock offering is structured in the very same manner, but pays considerably less conversion return because it’s “post-revenue” financing; SMKY is generating revenue and not just revenue, sales from national franchise brands like WW and other large affiliates. It’s expansion financing, but still offering to investors a very attractive 3x to 5x conversion return IN THREE YEARS. The rate of return SMKY offers is a function of when the trigger is pulled to begin selling the Preferred offering, which position is determined effectively by how quickly now the Fund’s Unit offering can be sold out. We continue to sell the Units at this faster pace, we control our financing destiny and that means NO shares from financing come into the market for three years.

Post 4020 (I recommend you read this entire post)


My understanding from this and other posts that you can read without me quoting all of them - Eddie clearly states the need to be current in the future, and believes it will not take as long as the first time (4 months), however, there is never any indication this is a requirement before selling Preferred Stock, as he says, "it's post-revenue" ... not "post stop sign removal." Oven lease unit funding provided interim financing to stock inventory, remake the branding, pay to have financials completed and audited, and prepare for launching of website. I expect sale of preferred stock will commence as Eddie has stated sometime in the next week, regardless of the status on pink sheets

But you are right, Eddie does have a strong anti-dilution stance, and many of us believe if you take a position now, you will not be waiting long to see serious returns on your investment.