Replies to post #12518 on Smoky Market Foods, Inc. (fka SMKY)

[GUNDERSTONE]

joepcf - I would suggest you simply contact Eddie directly with your questions.

I did by email after I read that post and he responded inside of an hour and I shared that with everyone here.

If it was a non-event for SMKY why bother to release a PR about it?

[Snizzle]

The fire was at MaryAnn's....not at a Smky facility. why would Eddie put out a pr about a fire at another companies establishment?

[Farrago]

I think as soon as there is a signed LOI that Eddie will indeed release a PR.

Yes, he has been very hopeful several times in the past that financing was imminent. I don't remember him "promising" financing within a set time frame, and think that is a misrepresentation of his statements, but perhaps you can show where he made a guarantee/promise that was not kept.

As far as the fire...SMKY does not own Mary Anne's specialty foods, and although they do have equipment and lease space there, it was not affected by the fire. So it appears to me that:
a) none of Smoky Market's property was affected
b) Mary Anne's current nor future operations were affected

So, as Gunderstone said, I don't see the need for a PR from Eddie, and quite frankly, if he spent money issuing a PR on that fire, I would be concerned that he was maybe focusing time/money in the wrong direction.

Of course, we're all free to determine our own concerns, so I'm not saying you shouldn't be concerned...

To touch on financing one last time - I think that there's a very good chance we'll see a PR about an LOI sometime around/by mid-July.

[Bucks4Buckeyes]

Hello, JOEPCF.

Not trying to be argumentative, but I think Eddie expected news about financing before, not that he promised news.

Also, the fire was reported by news services, it was only posted on this board by interested parties. Since news services reported it publicly, there is no need for the company to report an event which does not affect SMKY operation.

All The Best

[DOLLARLAND]

Thanks for responding to my post, which was an attempt to get back on-topic.

The financing has probably been the biggest concern for everyone, including existing shareholders, those on the fence, and others not interested in buying SMKY shares at all. There have always been two distinct types of financing discussed: the larger financing necessary to complete the acquisitions, and the smaller interim financing to allow distribution efforts to proceed in advance of the larger financing and acquisitions. The larger financing was always described as something that would take more time. With the smaller interim financing, it is my understanding that there have been several that have shown very strong interest, but ended up having concerns that there was no assurance the acquisitions would occur unless the larger financing occurred as well. Now, with all the time that has passed, it is my expectation that the larger financing to complete the acquisitions is close to occurring, but I will certainly feel a whole lot better once it's a done deal.

On the fire, since Mary Ann's is not yet owned by SMKY and since none of SMKY's current equipment and materials were impacted, I don't think it was SMKY's place to issue a PR about it. Also, I think if that was the first PR we got after all this time, the reaction might not be good.