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Re: Steven1973 post# 3232

Wednesday, 01/22/2014 1:12:54 PM

Wednesday, January 22, 2014 1:12:54 PM

Post# of 49370
I agree with you. I believe your totally right about Matt Veal. I hear he has taken companies who had bad debit and bad finance deals and turned them around usually in a few years. If you look at the PR release Veal says he has been involved for 20 years with many companies but this look like one of the most promising deals he has ever seen. Here is what I think is going on. Hangover Joe's is doing some financial deals as we just saw in the filing today that are to get a few bucks in the company with plans to sell there way out of these deals with there contracted sales. They have a contract for 10mm bottles plus we know they have lots of back orders because they have been restructuring and not shipping. I think its key that Veal is now leading them as the co-founders are great marketers but they don't get the public space. They have the vision and can sell the brand we have seen this from the start but they don't understand raising capital and the public sector. They got in a world they didn't understand and now Veal is in charge and will lead the company in time to the black and beyond. I hear he has brought a Wall Street attorney on board who is also an SEC guy and is another large player at raising capital which is good. This company is going to turn around and sell millions, I think we all know the potential with the brand and the category. Today my wife called the office and said Fox News did a special this morning about how hangover recovery is now a trendy growing category showing Vegas and NYC and places where people are paying $200 bucks to get an IV solution which won't have mass appeal but shows the category is growing on a lot of fronts. My guy over their told me that the news that is coming is being held up with lawyers doing final stuff on contracts, he told me that its going to blow my mind. I ask is this more distribution and he said you know I cannot tell you but your going to love it. He said this will change everything exact words he used. So in my opinion its either distribution, a cash infusion or a brand extension with capital infusion etc. I guess I keep guessing, but I think from the way he acts it is indeed huge news for Hangover Joe's. This will not turn around overnight, like I said this is a marathon not a sprint and I was saying that when things were on track in 2012. I expect to see lots of shipping and sales and stores getting stocked once we get to the spring and summer and a push into the fall. I have been reading and talking to people about Veal he looks to have over 20 years in raising capital for micro caps, he was an auditor and a tax CPA and specializes in start ups. I think the co-founders taking charge and taking the company back and bring Veal in is a good thing for us all. I think for where this company is now it could not be in better hands than a guy like Veal. He has been here before and knows what needs to be done in my opinion.

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