FARRAGO, a well-presented post! As a stockholder, my initial reaction to a "new" business plan was one of disappointment. However, the more I examined it - and now, especially the more that it has been refined - the more I see that these steps are necessary if SMKY is going to succeed.
MALC, thank you for reminding all here that one should never ignore the facts. The filings & TA do paint a very dismal picture right now. Every couple weeks that we wait on financing news seems to increase the odds against SMKY & Eddie.
ROBIN, I agree that it is probable that ALL meat products will increase in price - not merely beef but also pork & chicken - because of the drought. However, SMKY is not the only company which will be forced to increase their prices, this increase will be felt across the entire market. The outlook for SMKY is actually better than many other food companies right now because their focus is mainly on salmon...for some reason the drought has not really affected fish...
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I must admit that SMKY has been positioned perfectly for the classic Pennyland move to lead sheep & pigs to the slaughter. Each day it is completely possible that the CEO is leading the herd closer and closer to the cliff. Being fully aware of that possibility, it has been difficult buying more shares here this week - but I have.
But the very fact that it has NOT happened at all gives credence to the character and integrity of Eddie & Company.
I see the red flags and acknowledge them, but after investigation I am still counting on this long shot (which gets longer every couple weeks) of funding to be acquired. No guts, no glory.
All The Best
