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REEDS, Inc. Message Board

bluestem1 7 posts  |  Last Activity: Apr 2, 2014 12:03 PM Member since: Aug 28, 2013
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  • bluestem1 bluestem1 Apr 2, 2014 12:03 PM Flag

    J.P. Morgan as an advisor and Merriman Capital for a debt issuance.

  • bluestem1 bluestem1 Mar 31, 2014 4:34 PM Flag

    I'm one of the people stupid enough to still live in Illinois. I talked to my wife this weekend about making plans to leave. In 2013, the state income tax was raised 67%, it was enough to pay off some of the bills in arrears. My local school district has seen a drop in enrollment, so it passed a referendum (by 11 votes) to raise property taxes 25% to make up for the funds it no longer receives for the kids it doesn't need to educate.

    A few years ago I went to a TRS (Teacher's Retirement System) pension meeting. It was a denial and lobbying effort. Blaming the state government and threatening them with breaking the state constitution.

    If you want to see comedy, pull up the cover of the 2011 TRS annual report, it shows $10 billion in contributions and investment returns minus $4 billion in benefits paid out. (Everything's fine!). Reading the report, the funding ratio went from 48% to 46%. I think it is around 40% funded now. Things are already past the point of no return.

    I guess we'll see how it plays out. Hopefully I will be long gone.

  • Reply to

    Willigers sell

    by taffy5005 Mar 3, 2014 1:55 PM
    bluestem1 bluestem1 Mar 3, 2014 4:27 PM Flag

    Per news article from Haaretz:

    The Williger brothers will remain with the company as managers, said Schneorson. “They have proven themselves as professionals. We’ll handle the investments,” he added

    BGI will pay 34.71 shekels a share for Willi-Food, a premium of close to 29% over the stock’s opening share price on the Tel Aviv Stock Exchange on Monday. Shareholders’ equity was 405 million shekels at the end of the third quarter of 2013, reflecting a 12.8% control premium on the sale. Despite that, Willi-Food fell 3.6% in TASE trading on Monday to close at 26 shekels.

    Buy WFLD on Tel Aviv and tender your shares.

  • Reply to

    Willigers sell

    by taffy5005 Mar 3, 2014 1:55 PM
    bluestem1 bluestem1 Mar 3, 2014 2:53 PM Flag

    Nice press release.... I think I had to read it about six times to understand it.

    It looks like Emblaze is paying 3470 per share. A 33% premium to the last close I have on WLFD.TA. There is also a small tender offer of NIS 23 million for WLFD shareholders to participate in.

    It seems strange that Emblaze needed WILC to issue the convertible bond last fall and now Emblaze is acquiring the company. Maybe they are interested in the cash hoard and redeploying it.

    The sell-off in WILC doesn't make sense to me. Unless Emblaze are poor capital allocators and squander the cash hoard.

  • bluestem1 by bluestem1 Feb 26, 2014 1:04 PM Flag

    Which two BOD members do you think Sellers is trying to get rid of?

    "Reporting Person Mark A. Sellers, who is also Chairman of the Issuer’s Board of Directors (the “Board”), seeks to reduce the size of Issuer’s Board from seven (7) to five (5) Directors. Mr. Sellers has asked two members of the Board for their resignation and is currently in discussions with these Directors to achieve this objective. Mr. Sellers, on behalf of Sellers Capital Master Fund, believes that reducing the size of the Board is consistent with the desire of a majority of the Issuer’s shareholders and that a smaller Board would be more effective and efficient in overseeing the Company’s operations and strategic initiatives. Should these Directors refuse to resign, Mr. Sellers, on behalf of Sellers Capital Master Fund, Ltd., would, at that time, determine what additional steps might be taken to effectively remove these Directors."

  • Reply to

    barry woodhouse- has resigned-

    by johninfantini Feb 11, 2014 6:14 AM
    bluestem1 bluestem1 Feb 13, 2014 11:44 AM Flag

    I am sort of glad Barry is leaving. Considering that his only credentials were as a director of penny stock Range Resources Ltd, I didn't think he brought much credibility to the company. Not to mention the difficulty he had in filing quarterly reports.

    I continue to think that Steven Kostecki can dramatically increase the share price if he can step out of his dad's shadow and make some small changes. Maybe this is the first step. He and the board need to hire a CFO that will reinstate quarterly earnings, hold a conference call, answer shareholder questions, and pursue a dual listing in Australia.

    Think about the resume a new CFO could put together in a short time. Tripling the share price, expanding into the U.S., repairing the reporting process. It would be a great launching pad to get into some larger mining companies in Australia. Maybe I will apply for the job!

  • bluestem1 by bluestem1 Jan 28, 2014 9:35 AM Flag

    Kombucha was featured on The Dr. Oz show yesterday. He recommended Kombucha for the probiotics and to help your gut. My wife says he is the new Oprah and anything he promotes the housewives will go running to. Reeds is the solid number 2 in K and just needs to let customers know K is out there.

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