FOR THE NEW INVESTORS HERE: (copied & pasted from Ryans post)
A brief explanation of what we know.
Seymour Holtzman is an investor similar to Warren Buffet, but on a smaller scale. Seymour is the Chairman of one of the largest chain of Big and Tall Men's stores in the U.S. called Casual Male. He was also one of the investors that resurrected WhiteHall Jewelers.
Seymour and George Foreman originally formed George Foreman Enterprises to take advantage of George's name for spokesperson opportunities to utilize his image.
In 2009, a company called Home Decor Products Inc. had a subsidiary that operated as the 6th largest online home products retailer in the U.S. With Revenues that were last reported being as high as about 120 Million in 2007. The company was not structured well to maximize revenues into profits. The company filed a prepackaged bankruptcy and sold all of it's assets to it's largest investors which were Seymour Holtzman and Chuck Gartenhaus.
Well Seymour Holtzman and Chuck Gartenhaus, bought all the assets of Home Decor Products in the liquidation which also included name rights such as Hechinger's and Builder's Square. The Company shut down and Seymour and Chuck reopened it's doors in 1 month, with a new streamlined business plan, customer service, and operations.
After the bankruptcy proceeding, Seymour and Chuck resurrected Home Decor Products as the newly formed Homeclick LLC.
Seymour made an agreement with his friend George for them to apparently use George Foreman Enterprises (GFME) as the new public vehicle for what we believe will be Homeclick and rename the public entity.
Seymour promised George a much higher share price in Market Cap for his GFME shares or he would get an even larger percentage of ownership. Now we see with the filing in November the naming of Chuck as new CEO and Co-Chairman of GFME who is part owner along with Seymour in Homeclick LLC. Also the placement of another former executive of Home Decor Products John Swatek in as SVP and Director of GFME.
The writing certainly appears to be on the wall, the only thing we need is the official announcement.
Get to know the information in this link and I bet you will like what you see.
Also here is a video of Seymour Holtzman a few years ago being interviewed on a Florida Business Program. He is a shareholder activist, so it looks like we are sitting pretty here.