RE:RE:RE:RE:RE:RE:RE:Just to set the record straightAgree it's panic selling in part, and the other poster who asked who is buying, I am, and I'm not worried. I'm pretty sure to see this back to $0.60+ in a heartbeat following some announcements, such as of a major strategic partner/investor, divesture that will fix the balance sheet, etc.
It's being treated as a company with no sales or future potential, and it's acutally the opposite!
Love Child alone = $25M+ in sales; GoVeggie alone = $20M+ in sales. Same for Central Roast, Kiju, etc...
So there is cash coming into the bank account, and yes they had some pretty high restructuring costs, but that will SAVE money from now on.
Yes, Matt was clearly disappointed, I think he got his lesson, he is now doing the right thing.
I suspect some posters here are shorting the stock, so be aware of the negative comments!
locoocho wrote: Yea I agree he is beaten up but if they do liquidate and sell off the brands its a multiple up from here..
I do not think that will happen nor do i think the company will go bankrupt. I think they have made a plan to fix profitablity and have now fixed there inventory and cash flow problems.
This is not my first day trading and i traded this one a lot..
I backed away and started buying again in the low 40's so yes i am down on this as well but what has kept me alive over the years is not selling into the panic,, that is what this is! 100 percent panic., I think you buy this just my style then i will sell the load when this is back in the .40s