JoeyMiggs
9年前
If this company really wants to make it, they need to buy some brick and mortar, or buy some fast food chain that is failing, make some drive through grocery baskets. That's what it is missing, the special sauce. The online food market isn't as hot as I think anyone wishes it might be, and people will forever put off meals until it is convenient.
princess blash
10年前
Great news Overstock.com, Inc. (NASDAQ: OSTK) to sell its food product lines on Overstock.com's Farmers Market platform.
Overstock.com's customers living across the nation will now have access to Green PolkaDotBox.com's selection of clean foods. GPDB specializes in hard-to-get selections of grass-fed beef, bison, goat and lamb, along with a range of fresh-caught fish varieties, organic frozen and refrigerated foods.
GPDB is providing Overstock.com with selected bundles of themed product assortments that range from $59 to $131 each. Examples of packaged goods include baking essentials, Paleo, baby and kids, coconuts, organic snacks and gluten free, among others. Overstock.com will utilize the unique product selection offered by GPDB to create packages that will appeal to its health-minded customers.
"At Overstock we want to introduce our customers to a healthy style of eating," said Overstock.com CEO Patrick Byrne. "Green PolkaDot Box believes the same, and we are pleased to provide their quality products to America in order to achieve that goal."
"I love the efficiency of the Overstock.com marketing machine," stated GPDB CEO, Rod Smith. "Patrick Byrne has an amazing vision and ability to satisfy the needs of millions of consumers. We want to be part of the healthy lifestyle platform he is building. We are pleased that Overstock.com recognizes our extraordinary product selection and fulfillment capabilities to meet the demand for healthy, clean foods by its growing Farmers Market customer base."
monoatomicgold
10年前
Doing some due diligence on this company. Reminds me a lot of a friend of mine's company, www.carna4.com which is not public and most likely never will be.
He started his company three years ago self financed, had no idea how tough it would be to go cash flow positive, and after three years of working harder than he had ever worked in his life, has made it finally, slightly cash flow positive.
He said now that he is cash flow positive all kinds of people are contacting him and offering him pretty significant money for the business. He has no interest, he is going for the home run.
Even the two sites look slightly alike.
I am thinking of contacting the company and seeing if I can be of assistance as I am into what they are all about, but I do have to say, I don't like seeing them on radio chat shows designed for very small investors. That brings out shorts and trolls. And in 98% of the cases, almost rightfully so.
Obviously, I find it very interesting that the fellow from Geico is the largest shareholder, that should speak volumes.
There are a lot of hard goods that can be ordered, I personally would be reluctant to order vegetables for obvious reasons. Although I own this product and it revives the deadest of vegetables, I use it for all food and toileteries.... Its a fantastic product... http://biotronix.net/#/0/1_aspx_net/08/
In closing, this company if real, is a company that is something to be excited about for bio organic people out there, such as myself, but understand, Monsanto will probably hire a few trolls to haunt every social media location where the stock is being discussed.
Pretty interesting to read the banter between Kessek and JoeNatural. If the company is real, and it appears to be, then Kezzek is driving hard points that could soon be irrelevant.
If its not real, well I have to say, they sure constructed a very large amount of programming on that website for something that isn't real.
Anyways, I will get to the bottom of it soon. Keep all posted.
One thing Joe Natural, why a pink listing versus bb?
Toxic Avenger
10年前
Yup, they were selling products at a loss (negative gross margin).
January's gross margin was (positive) 50%, according to this PR.
But that doesn't change that their last reported quarter, 3Q'14, had a gross margin of NEGATIVE 35%.
http://www.otcmarkets.com/financialReportViewer?symbol=GPDB&id=129730
We'll have to see what 4Q'14 looked like when they file. They've emphasized January so much, my guess is it won't be good. Then we'll have to wait until May to see how the full first quarter looks.