I guess I go back to this. Joe had a very similiar business model 5 years ago, almost identical. And it failed. Went out of business. Gone. Why would it work now? Who knows, though i'm getting a feeling from their lack of info that just maybe it isnt. And that is why no one has heard anything. People blame his prior business failing on the internet bubble bursting, but dont let them fool you. Only the companies that had a poor busines plan or were junk failed. Good ones flourished, and still are. If Joes business was THAT great to start with, it would have been successful, but it wasnt. I went back and read some of the pr's put out by his former company the other day. Do you know that they are identical, almost word for word, to the pr's put out by IVFH late last year? Scary thought for the longs here. Personally, i think the business model is flawed as I just dont see how they could do enough business AND make money special ordering food products. But thats another story.
Plus, IVFH is in trouble I believe due to the higher cost of energy. Think about it. The economy due to high energy costs is slowing, and it will dramatically very very soon imo. (I also think that we are going to have an energy stock frenzy similiar to the internet bubble of the late 90's, and of the security plays post 9/11. Buying any energy stocks in the next few weeks imo will net you great great profits. Which is why I bought CALB and a few others. Not only is it greatly oversold, but they have a large stake in the ALberta oil fields(which VP cheney is visiting next week), had a large volume increase this week, and are just beginning to start the drilling process-which means lots and lots of pr's. The stock is at .05, look for .20 within a month imo.) Anyway, on to my point.
IVFH depends on people ordering their food. Two things. Not only are people going to be doing much less fine dining for the foreseeable future due to lack of discretionary income, but the higher costs of fuel prices will severly cut into IVFH's bottom line as the cost of shipping these parcels of food skyrockets. Remember the survey done by another poster? The one that said customers of IVFH that IVFH used in a p.r. as users of their service are now only using them at a 1 in 5 ratio? Not very good. There just isn't a big need for this kind of service imo, though it was a novel idea.
Im sorry.
AI
