We are probably the only penny stock site that is uber-excited about Soupman Inc. (OTC: SOUP) and the fact that they are a damn good company with a great product. Well, even though you traders aren’t interested because the volume is so low, investors who crave opportunities like this will be spoon-fed SOUP until everyone has shares in it. The Seinfeld success filed their 10-Q for the three months ended May 31, 2012 and they are delicious.
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Soupman 10-Q Highlights
$315,093 for the three months ended May 31, 2012 compared to $367,075 for the same three month period in 2011. $1,150,836 for the nine months ended May 31, 2012 compared to $665,433 for the same nine months in 2011. An increase in nine month comparable revenues of nearly 73%.
$113,896 for the three months ended May 31, 2012 compared to $98,657 for the same three month period in 2011. $361,084 for the nine months ended May 31, 2012 compared to $257,055 for the same nine months in 2011. That’s an increase in gross profit for the 3 months and 9 months of 15.45% and 40.47% respectively.
$1,205,348 for the three months ended May 31, 2012 compared to $1,631,215 for the same three month period in 2011. $3,192,708 for the nine months ended May 31, 2012 compared to $4,123,833 for the same nine months in 2011. A decrease in net loss of $425,867, 26.11%, for the three months ended compared to the same period last year and $931,125, 22.58%, for the nine months ended compared the the same period last year.
Those who followed this since March when we first covered Soupman in detail remember that J. Timothy Gannon, the co-founder of Outback Steakhouse, Inc., joined Soupman, Inc. as a senior executive and member of the Board of Directors of the Company, serving as the Company’s Culinary and Business Development Advisor. His compensation package is goal oriented whereby he is entitled to receive receive an additional 400,000, shares in incremental blocks of 100,000, the last 100,000 if SOUP trades for $8 per share or more for 30 trading days and is listed on the NASDAQ stock exchange. (see here)
Click here to view the SEC filed 10-Q for Soupman Inc.
Bottom Line: We love SOUP as a Company, as a penny stock, and as a long-term investment. Soupman Inc. addressed the fact that the one liability hanging over the Company,a frivolous litigation regarding the purchase of Al Yeganeh and his assets, the recipes, for $4.2 million, has been deemed “is all about nothing” by Soupman President, Robert Bertrand.
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