- They are very close to re-negotiating the supply agreement shortfall payment
- No official announcement on selling the company but only consider a serious offer.
- Hummus in 1100 stores with goals of double triple that... and possible additional revs of $2-3 million.
- Won't know what Casein price will look like until end of March
- 4th Q guidance was that casein will continue to have adverse impact.
- only debt is convertible debt fixed at $.35 and felt historically that Deluca has converted...
- Cash in $1.4 million
- Base brand customers grew 4% Y on Y.
- Mike felt like the stock was undervalued. Some guy asked why mgt doesn't buy? They've had blackout periods.
Overall I thought it was a positive call... I have a new blackberry and could figure out how to push * so my questions will have to wait for this summer... LOL
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