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greasemonkeyshoes

04/06/18 2:11 PM

#18172 RE: Dickmo #18171

"My way or the high way".........
Sam's attitude,this will catch up with him/company sooner or later.As an investor,I reduced my exposure from "heavy weigh" to "feather weigh".These are some of my newbies(just like ivfh 2016/2017 vintage):syev,hpto,esmc,txhg,asnb,cmpd:all from my ivfh money.
ps-play with $ and companies that you don't loose sleep over.Wooowwwww.
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greasemonkeyshoes

04/10/18 12:47 PM

#18173 RE: Dickmo #18171

"we'll talk about the second huge potential problem in a later post. "....
Is this the one??
From 8-K/A,4/9/18:
2. GOING CONCERN(iGourmet LLC)
During the year ended December 31, 2017, the Company(iGourmet LLC) had a net loss of $1,180,373 and cash used in operations of $390,548. At December 31, 2017, the Company had a working capital deficit of $4,069,833 and a members’ deficit of $5,808,730. This raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan.

ps-"roll the dice" by Sam again,
or
merge the companies:increase the topline/nol,takeout the SG&A,and does wonder to the bottomline.