posted
I own a bunch of this one along with several other pennies which have bottomed out also as suspect issues arise.
We must remind ourself that these are pennies, and trying to do DD on most of these is a joke. (WHAT are we going to find out about WHO?). IBZT is a good example. Some folks would rather go play the tables at Vegas while others of us play with these pennies, the vast majority being a crap-shoot at best.
Too often we listen to pumpers and lose control of our good sense when one goes up a trifle. I've been guilty as most in that regard.
Just hope some of these turn around a bit.
quote:Originally posted by ohdag: I doubt it will go back up because I own some of it. lol
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It may rebound in about a year, but who knows it could be sooner. I've been trading for a while and have seen others do splits in the thousands. This is only 250 not too bad. I will leave my money in for the long term. This is a real company with a real business plan. Another words, It is not selling one product that may or may not ever make it to market.
IP: Logged |
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I am in it for long term also, have only few shares but I see if I can throw a little more to average it down. Good to see that we have some of you with long and holding strong. Good luck.
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
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Thanks for theinsight guys, I'm holding 850 K (before split) and just got a couple million, wait for the rebound. It seems like a company that is just expanding, I have my hopes for sometime around December!
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GFY Foods, Inc. Prepares To Acquire Standalone Greek Restaurant Thursday July 8, 10:19 am ET
BUFFALO GROVE, Ill., July 8 /PRNewswire-FirstCall/ -- GFY Foods, Inc. (OTC Bulletin Board: GFYF - News) announced today that it is in the process of acquiring the Dionysus restaurant in Worth, Illinois for an undisclosed amount of cash and stock. The Company anticipates that the deal will be completed within the week, if all negotiations continue to move forward as planned.
"The Dionysus acquisition is such a good fit for our growing company as of this point in time," said Ed Schwalb, President of GFY Foods, Inc. "The restaurant is well established, with a strong local following, has a well trained staff, offers specialty full service Greek food and has a full service bar. Also, the present owner has agreed to sign an employment contract with us and will help us manage the restaurant for the next 3-4 years."
"We intend to immediately start advertising using geo-targeted online ads with portals, local newspaper ads and direct mail. The kitchen has all the equipment that we need to utilize for our catering division, Lulu Catering, which we intend to ramp up as soon as we complete the acquisition of the restaurant. The restaurant is profitable as of this point and time and this revenue will go to our bottom line and help us achieve more profitability moving forward."
The company is currently operational regionally in the Illinois and Indiana areas. It has plans to become national by rolling out additional locations in key market segments and working closely with the Kahala Corporation. It hopes to open 8-10 new locations by the end of calendar 2004, in metropolitan areas where there is minimal competition and significant upside to build a brand and establish the company nationally. And, to continue to aggressively private label new/existing products that may integrate well with its existing line up of products and services.
About GFY Foods, Inc.
Founded in the spring of 2003 by Ed Schwalb -- GFY Foods is currently operating three restaurant locations. The company believes in the importance of providing high quality foods at affordable prices that are healthy alternatives to food that is now being sold to the American public.
quote:Originally posted by will: No one cares about poor GFYF anymore?
Press Release Source: GFY Foods, Inc.
GFY Foods, Inc. Prepares To Acquire Standalone Greek Restaurant Thursday July 8, 10:19 am ET
BUFFALO GROVE, Ill., July 8 /PRNewswire-FirstCall/ -- GFY Foods, Inc. (OTC Bulletin Board: GFYF - News) announced today that it is in the process of acquiring the Dionysus restaurant in Worth, Illinois for an undisclosed amount of cash and stock. The Company anticipates that the deal will be completed within the week, if all negotiations continue to move forward as planned.
"The Dionysus acquisition is such a good fit for our growing company as of this point in time," said Ed Schwalb, President of GFY Foods, Inc. "The restaurant is well established, with a strong local following, has a well trained staff, offers specialty full service Greek food and has a full service bar. Also, the present owner has agreed to sign an employment contract with us and will help us manage the restaurant for the next 3-4 years."
"We intend to immediately start advertising using geo-targeted online ads with portals, local newspaper ads and direct mail. The kitchen has all the equipment that we need to utilize for our catering division, Lulu Catering, which we intend to ramp up as soon as we complete the acquisition of the restaurant. The restaurant is profitable as of this point and time and this revenue will go to our bottom line and help us achieve more profitability moving forward."
The company is currently operational regionally in the Illinois and Indiana areas. It has plans to become national by rolling out additional locations in key market segments and working closely with the Kahala Corporation. It hopes to open 8-10 new locations by the end of calendar 2004, in metropolitan areas where there is minimal competition and significant upside to build a brand and establish the company nationally. And, to continue to aggressively private label new/existing products that may integrate well with its existing line up of products and services.
About GFY Foods, Inc.
Founded in the spring of 2003 by Ed Schwalb -- GFY Foods is currently operating three restaurant locations. The company believes in the importance of providing high quality foods at affordable prices that are healthy alternatives to food that is now being sold to the American public.
Does it hit the 52 weeks low today or it was there for a long time already? By the way, do you guys have any good website to do research on penny stocks? Thanks.