$efsh Q earning August 14th after market
Where did you get these numbers? BTW, EFSH is listed on the NYSE American.
"68% of Nasdaq companies get delisted within 5-years
62% of NYSE companies get delisted within 5-years
94% of OTC companies have a declining stock price every 12-months."
On November 28, 2023 - on this message board POST #79, I posted that I am selling my stock.
Since my sale at $2.69 the stock has gone down to .18 cents a share.
There are many reasons for the stock decline and I have posted those reasons on this message board numerous times.
This company is heading to 0001 a share and there is little that can be done because Ellery Roberts does not understand how the stock market works and what it takes for a stock to increase.
68% of Nasdaq companies get delisted within 5-years
62% of NYSE companies get delisted within 5-years
94% of OTC companies have a declining stock price every 12-months.
We see the righting on the wall and that means EFSH will be delisted very very soon and onto the OTC and we all know what that means.
As for insiders buying the stock, it hasn't helped and anyone that thinks it will help does not understand investing.
Ellery and his minions need to be bold and creative if they want to save their Nasdaq listing and see the stock increase.
Positive posts on a message board are just that - words with little to no meaning
Quit bothering me, thank you
You should do your own due diligence by reading all SEC filings by EFSH. Making a decision based on my post is not the way to make investment decisions.
There have been a number of filings by EFSH regarding the Mast Hill convertible note, but here is one paragraph that shows a 20% discount to market:
The Note is convertible into common shares at the option of the Purchaser at any time on or following the date that an event of default (as defined in the Note) occurs under the Note at a conversion price equal the lower of (i) $4.20 (subject to adjustments) and (ii) 80% of the lowest volume weighted average price of the Company’s common shares on any trading day during the five (5) trading days prior to the conversion date; provided that such conversion price shall not be less than $0.03 (subject to adjustments).
Like any convertible notes, there are a number of stipulations and different discounts to market.
They also have warrants issued to Mast Hill which impact the share price or issuance of shares at a discount to market.
Bottom line is that everyone should do their own due diligence and read the SEC filings in their entirety, and under no circumstances take my wording and posts as being 100% accurate.
It must also be noted that EFSH did another capital raise this month. They issued a press release on July 14 and I do not know the terms of that deal so it would be important to get those details before making an investment decision.
In the last 10Q filed May 16 it shows EFSH has $24.8 million in convertible notes. I do not know all those details to repayment or issuance of shares and at what discounts to market price.
I gave up for now. Sold my position after that post. With the recent disclosures, I will watch for the right entry back in. I appreciate your information though.
Why do you think the stock will go up?
Do you not know Mast Hill is receiving shares at a 35% discount to market. That is THIRTY PERCENT DISCOUNT TO MARKET. And they will continue to get that discount to market until total loan is paid off.
That means EFSH will continue to give Mast Hill shares at a discount to market for a very long time, because Mast Hill will never be given more that 4.99% of the outstanding shares at any one time.
What that really means is that if EFSH stock is 20 cents on Monday, EFSH will have to issue Mast Hill shares, up to 4.99% of the outstanding shares at 13 cents.
Mast Hill can sell shares into the market, and as long as they sell shares at or above 13 cents they make a profit. Then when those shares that they received are sold, and the price declines to lets say 13 cents, THEN EFSH HAS TO ISSUE MORE SHARES AT THE 35% DISCOUNT TO MARKET, WHICH IF EFSH IS 13 CENTS, THE DISCOUNT TO MARKET PRICE IS .085 cents a share.
Mast Hill will be given ADDITIONAL SHARES, up to 4.99% of the outstanding shares, at .085 a share, and they will see EFSH into the market and this will be a never ending process until EFSH gets to .0001, of they do a reverse split, which then the shares are issued at a 35% discount to market based on the higher stock price.
It's called a DEATH SPIRAL because it is a TOXIC FINANCING.
So I ask you one more time - why do you think EFSH stock will go up???
"2 Mutual Funds That Use Technical Analysis … to Disastrous Results
Seeing an actual track record should give pause to TA advocates"
No, TA isn't probably going to help you with a rubbish stock like EFSH
Click link to read the article:.
Have you noticed that Buffett, the greatest investor in history doesn't even have a computer on on his desk in Omaha? Neither Buffett nor Munger use Technical Analysis. Both are billionaires. I have many articles on the subject.
"IT’S BULLSHIT! to use a chart on a junk stock like EFSH
It’s pure pseudo-science, guys. It has ZERO scientific validity. It’s something that was pulled out of thin air and promoted by “gurus” in an attempt to give it credibility. You know all those quacks selling crystals to cure cancer or pretending that there are vibrations that put you in harmony with the universe? Technical analysts are the Wall Street version of those guys, albeit maybe a little less dangerous (maybe).
If you don’t know what technical analysis is (good on you), it’s basically the most annoying thing to ever walk on this planet. It’s not my most hated thing because, let’s face it, there are a lot of things worse than that (illnesses, wars, genocides, hunger, Hilary Clinton) but it always irks me a little to read what I think is a good article and read at the end something like “the 200-day moving average also indicates the stock might be climbing back from its heights blah blah blah.” Immediately, I know I have to forget everything I just read and throw the article to the trash. In a way, perhaps I should be happy technical analysis exists, because it tells me exactly which authors to avoid.
Every analyst who actively promotes Technical Analysis as a way to earn a return higher than the market on a risk-adjusted basis is a moron. TA has never worked and never will. If you seriously think you can look at a chart and guess in which direction the product is moving with any degree of certainty higher than the average, you are wrong."
Since you chose mwah to post to, your history with the ENDV return on assets should have your attention more than EFSH’s ROA. What a mess over there…
Thank you for attempting to share your concern but you addressed the wrong individual. Take care!
I do not know about charts and all those acronyms some of you self-proclaimed investing pros are talking about, but when a public company does a financing with Mast Hill, as is the case with EFSH, all those other companies stock value and market cap have gone down. 100%.
And the reason it is 100% is because Mast Hill does toxic financings, and for you self proclaimed experts, toxic financing is called toxic because shares are given at a 25% discount to market on a continuous basis until the convertible note is paid off, or the equity line is completed.
So all those charts and all that wishing, praying and hopeing is for nothing because toxic financings but charts to shame. That is why EFSH will be in the 0001 range soon, or at least soon after the delisting of the stock.
Yep! It'll happen.
Just need .24/.26 and it flips
Good to go $$$$$ EFSH $$$$$
Bid in to add to this swing. Up listed from OTC a few years back, they don't want to fail. Chart set to flip bullish on daily PSAR and MACD. Revs increased 52% and 2 offerings since Feb off the table come Tuesday. 2nd offering was a publicly 'Direct' offering to institutions. OS under 25Mish after offerings. I'm still likin' this one for the swing.
Want to know MY investing credentials? I'm a retired lawyer and multi-decade successful investor. My son is a CPA with a Big Four.
Gotta link to current audited numbers on EFSH? Preferably from a respected PCAOB compliant accounting firm.
You might want to read my IHUB bio
Don't know your ability in charting but I do know my ability. The PSAR indicator is not on your chart where you claim my info to be rubbish. It may dip to .187ish before the PSAR flip but the PSAR flip to bullish is VERY near. You do you as that is how it works.
$EFSH Market cap $2.46M via Fidelity
AI analysis on EFSH Short term SELL (bbbbuuut) Book Value Per Share .82 This is when accumulation occurs. Offerings gave the opportunity. Daily PSAR ready to flip to bullish.
Reaffirming 2023 revenue guidance to exceed $90 million
Then buy after the dumpathon
How can they pay a dividend since they have $53 million in debt, of which $25 million is current and their accounts payable which is immediate debt is $12 million - THEY ONLY HAVE $2.2 million in cash.
They have convertible notes payments due that if they don't pay using their cash the notes convert to stock at about a 50% discount to market price which will drive EFSH stock price down to 18 cents a share.
Oh, and what about the prospectus they filed on June 2 to raise $10 million.
Your dividend prediction can not be done just on the above numbers which are real.
But I will add another twist to your dividend dream - Maxim Group is the banker on this $10 million capital raise. Maxim is not bringing in long term investors for this cap raise, they will probably bring in short term funds that will short the stock. EFSH will end up being giving away the farm because more dilution, reverse split and a continuous loss for you.
I see a SHORT position as being the way to go here.
What a scam
I had a sell order for a small amount of shares I am stuck with and even in today's high volume day I could not get my order filled for 15,000 shares at $1.00.
Hundreds of thousands of shares and i couldn't unload my stock???
i feel like saying the line the guy from the movie wall street said: I am gonna dump the stock just to burn your ass
EFSH signed a deal with Mast Hill Fund for $878,000.
One of the terms included in the deal is: a five-year warrant for the purchase of 198,343 common shares of the Company at an exercise price of $0.01 per share
I want you to read that again because EFSH management gave away 198,343 shares at 1 penny.
Not only does Mast Hill get 12% annual interest on the $878,000 which really wasn't 878 because Mast Hill charged them so many upfront fees that EFSH got something like $750,000, but they got 198,343 shares for a penny. YES, A PENNY.
You can be rest assured that Mast Hill will be selling those shares now and making a profit whether they sell for $1.30, or sell for $0.90 or selling for 5 cents a share. It is a profit as long as it is for at least 2 cents a share.
EFSH is heading to 5 cents pretty soon.
They are paying a dividend in the form of warrants to purchase the Company's common shares at $4.20 per common share.
YOU WOULD HAVE TO PAY $4.20 a warrant
That is NOT a dividend in the form of what you probably think is a dividend.
You may want to read the entire press release they issued on the DIVIDEND.
If you are referring to the dividend they issued last quarter - Common Shares in the amount of $0.13125 per share. It sounds like a great number, but the stock back in april was $12.18 cents a share. You have lost over $10.00 a share, but I guess 13 cents in place of $10 is a good value for you.
Maybe I am old school and I believe in fundamental investing, but a company with only $1.5 million in cash as reported in the last 10Q and losing money and has negative cash flow should not be issuing a cash dividend of 13 cents, or any amount.
As for the warrant dividend - what room was everyone in and what was everyone smoking when they thought of that dividend deal.
As for ThinkEquity announcement it is for their subsidiary 1847 Cabinets which means they hired ThinkEquity to sell 1847 Cabinets. Nothing wrong with that, but it doesn't bring any value to investors. I am still stuck with some shares because I sold most of my holdings but I can not get rid of them all.
No liquidity in this dog has me stuck with some fleas
Screw it. They're paying decent dividends. And they are operational with a good market cap. And they jumped off the pink sheets. I will grab cheap shares when I can.
Problem is no one knows about this dog.
This dog does not have fleas, but if no one knows about it no one is buying the shares.
If no one is buying the shares then the stock will not go up.
It's as if EFSH management want to keep this company silent or under wraps. Does not bode well for investors.
This company and the people behind it are rubbish.
So worthless, right?
"Warrant to buy shares @ 4.20 each"
Divi issued! TDA shows as 280CNY0201
Warrant to buy shares @ 4.20 each.
Need to read all the caveats.
My point, which I didn't have to think I needed to elaborate, was that EFSH management, specifically Mr R is not doing what needs to be done with the stock.
My point, which I think everyone in the world knows, is that Mr B at Berkshire Hathaway has always been an outgoing personality and he has admitted and spoke about in a number of interviews in 1964 and especially in the late 1960's that investing is very much being self-promotional and has many tendencies that are associated with investors psychology.
If you look at his interviews in the latter part of 60's and throughout the 1970's he was self promotional and you can see he understands psychology plays a big role in the investment world.
I read many of books on him and watched many old interviews.
he stopped talking about self promotion and psychology in the 80's, only because it was too cerebral for most people and most investors don't understand the psychology aspect of investing and I am guessing, because I never spoke to Mr B so I have to guess, but explaining the psychology of investing to investors is not an easy task.
Good Bye EFSH and good luck.
"what Mr Buffet did when he first started Berkshire."
Buffett didn't start Berkshire Hathaway. It was rooted in the 1830s as a New England textile mill. Buffett came to BRK around 1965. You are buying utter rubbish.
I'd recommend you switch to large cap blue chips (including BRK) or index funds like the ones I've long owned.
My ride with this company has to come to an end starting today. I bought shares hoping that management was going to be doing the right thing but these special warrant dividends and not being aggressive to bring in other investors is creating a slow death here.
I am going to take a loss but at least I can use it to offset some profits for this tax year. I wanted to hold the stock because I like this business since it is like a mini-me to Berkshire Hathaway but Mr Roberts does not understand what Mr Buffet did when he first started Berkshire. Before Mr B became a household name he was hitting the street with his feet talking up Berkshire Hathaway to a point that he was getting so many investors buying into his concept and word of mouth just grew to a point that make Berkshire stock growing its shareholder base and when Mr B needed money he just went to his shareholders and kept raising money.
And after a decade he became the Omaha of Nebraska and on the tip of every tongue on Wall Street.
Someone needs to tell Mr Roberts that investing is part psychology, part good business and part having a CEO that can get investors to buy his stock. Stocks don't go up solely on good business, stocks go up because other people buy the stock. I am pissed off because I am going to end losing about $12,000 on this company.
Good Luck to everyone here but it has not been an exciting ride for me.