In an interview with BevNET, Stalowir explained that, after investing in a new production facility in Los Angeles that went online last year, Reed’s is well-positioned to reduce costs and operate more efficiently moving forward.
Another band aid approach. Shareholders are feeling the pain. This Cash will help fill the coffers for another 6 to 9 months, help make sure payroll doesn't bounce, and that's it. Toomany times these bozos move from one company to another, re-adjust their golden parachute, milk shareholders to death, and move on. REED was once a noval company with products that appealed, now they have lost their way, and are caught in a downward spiral. I told you longs to sell, now all you can do is holdon to those shares as the dilution will continue for years. This is but the first go around. Sad, but true.
These #$%$, carpetbaggers, worst thieves I think I've ever seen. Yes, Chris was a visionary kook, but a vacant business leaders, but these idiots that took the helm, boy, they are flying the plane in a nosedive right into the cliff. Get an ethical sharp leader in front of this or I hope all the warrant vultures lose out.
wow. val takes over and the stock doesnt budge. just at a point where no one has any faith in the future of the company. i think this next q will be the worst in corporate history. chris reed reminds me so much of trump. same personality.
when can the lawsuits begin?
Hahahahahahahahaaa....enough said....as predicted a while back, pennies coming shortly...followed by BK proceedings next year...cheers!!!
new ceo. too little too late. the highly experienced board spent the last seven months accomplishing exactly nothing other than removing chris the idiot and watching the company founder on the rocks of a declining market for soda. #1 ginger beer? what does that even mean? exclude all other ginger products and maybe. include other ginger ales and reed isnt a pimple on the market.
Very weird, went to Trader Joes and Stop and Shop on Fathers day. Trader Joes completely out of Reed's Ginger beer, store brand Ginger beer and only 2 4packs of Virgil's Root beer left. At Stop and Shop complete 3 foot shelf of all Virgil's and reed's product completely sold out. It is starting to look as though they are going back to having trouble filling customers orders again.Unless of course it is part of their new money saving shipping policy, not to ship any inventory at all.
Another large stock sale with the S-1 filed just now after-hours...expect this in the $1's tomorrow....pennies should be here in a few months. Things are quickly accelerating towards chapter 11 here, very quickly. Cheers!
When this seller sells and exercises the warrants, the company gets $5M+. that wipes out the debt, and gives the company some to implement some changes. There will be some dilution.
Another +8% drop yesterday. Sell while you can. And if you are thinking of buying right here, please don't get blood onyour hands trying to catch the falling knife. It's going lower, much, much lower. I feel your pain if you are long on this stock / Company.
the savage morons who have grouped around chris the clown have managed to drop the share price back under $3 a share. frankly the stock is probably inherently worth about $1. and i can see the company closing the doors. honestly they dont seem to be able to understand anything about this market regardless of their resumes. they have been at the helm for half a year and they havent been able to fix a thing. with the grand plan being to raise prices. going into season it is ahard to find a beverage company in full collapse like this conglomeration of incompetence. how low does it drop?
it could easily fall to $2 in the short term. pretty remarkable.
I held shares for years and years, but sold late last year as I finally decided that they would never actually make a profit even though they had great products placed nationally. Truly sad.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is -0.1 In other words, the correlation coefficient of the other stoc
I'd sell the ginger brand- your not going to make friends raising prices. And plow all of those resources into making a Kombucha company. Maybe- the low-cal soda works- I think you need some exciting flavors vs just low-cal to start a fire- Mr Joel!
Some positive developments. From the call we get some confirmation that Chris must truly be sidelined. 1) The new mgt called the quarter disappointing. 2) They confirmed they will fix Kombucha caps, bottle and label. 3) They want to increase distribution, inluding to convenience stores, and are looking at introducing canned product. 4) Lower the number of SKUs
All of these are easy no-brainers. They are signs of competent management. The job of this mgt is to right the ship, and package this company for sale. Righting the ship comes first, and these are positive steps.
One thing I personally am not so sure about is the emphasis on is putting much hope or emphasis on the low calorie REED. I'm not sure there is a big market there, although it all depends on the taste of course. I'll withold judgment until tasting it.
Stock price probably still needs to come down below 1X sales until REED can prove things are stabalizing. But the initial signs are encouraging. I am staying out of the stock at current prices though.
Will the stock be a buy again if the stock drops below 3 or has the market actually changed?
After seeing some fill issues at the end of March that disappeared at the beginning of April I am wondering if the drop in sales of sugar products the company was talking about in the fourth quarter will go away magically in the second quarter now that Chris has been moved or if the zero calorie (with no artificial sweetener) sparkling water growth is eating into the craft soda market share.
If former is true the stock will bounce back, if the later is true Reed's does not have an immediate answer to the issue (one of the people on the call actually mentioned sucralose, which is the type of low-cal sweetener that has been losing shelf space due to health concerns)
someone tell management that whenever sales fall and you lose accounts, just raise the price! basic economics.
Is Chris Reed the next Steve Jobs ? Visionary high quality products guys, unable to actually manage a business on a day-to-day basis.