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I heard the same rumour....
Taking a flyer, if its true that they're moving to being a blockchain company, then look out above.
http://www.avoidthebag.com/2018/01/glowpoint-inc-buying-rumour-glow.html
What's goin on? Its trending up again. Any news???
GLOW (.34) I am loading again!
Sure does. I’ve been a long here for a while. I like their model and chances are they could expand through M&A.
* * $GLOW Video Chart 11-27-17 * *
Link to Video - click here to watch the technical chart video
GLOW 102% up today.. the next big mover will be NVTQF, blockchain stock. it has 9 patented products. outstanding shares 35 million. insiders hold 55% of them. all blockchain stocks trading at multi-dollars level without revenue and a patented products. NVTQF has 9 patented product.. don't miss it.
Something's definitely big going on....institutional/insider buying? I haven't seen this action for a long time.
GLOW 50 cents!! followers made 100% since my call at 25 cents
I wonder what POWER HOUR brings? Very intriguing action today.
About time to glow!!! I saw a 450,000 @0.40 buy earlier then followed with big blocks buy orders. This is an unusual trading activity. My GLOW holding lookin great!
GLOW 40% up here we goo, patience pays off.
Something's brewing??? Popping up on record volume :)
$GLOW Just broke out of inverse head and shoulders formation. Potential upside over 45%; price target: .45
[url][/url][tag]insert-text-here https://www.tradingview.com/chart/1mhiPRFW/
The market for all forms of conferencing and collaboration is rapidly evolving. While demand for remote access to colleagues, clients and partners is clearly increasing, the means by which we do so is expanding and more diverse than ever,” said Glowpoint (GLOW) President and CEO Peter Holst.
“With a strengthened balance sheet, the Company is now developing new services that extend its mastery of video conferencing into a broader support platform with the goal of accelerating end user adoption of UC1 applications. According to Wainhouse Research2, the 2016 UCaaS3 market was $6 billion, and is projected to grow to $14 billion in 2021 – a 5 year CAGR of 18%. There were 133 million UCaaS seats in 2016 – projected to grow to 343 million in 2021 but only an estimated 18% were actively used for UC. Given the growing market opportunity for end user adoption, the Company intends to release a subset of new services in the first half of 2018 to a select group of current and prospective customers who want to accelerate user transformation quickly and efficiently as they move to cloud services. We look forward to working with our customers and partners as they look to more effectively migrate and adopt next generation collaboration services.”
“We are pleased to have significantly strengthened our balance sheet by completing both the recapitalization of our debt in July and then closing a preferred stock offering for gross proceeds of $2.8 million in October,” said Glowpoint CFO David Clark.
$GLOW Revenue of $11.4 million, net income of $5.8 million and adjusted EBITDA of $1.0 million for the nine months ended September 30, 2017, or 9% of revenue. Adjusted EBITDA is a non-GAAP financial measure, see GAAP to non-GAAP reconciliation later in this release.
Cash of $1.4 million and working capital of $0.7 million as of September 30, 2017.
Market cap 9M
Added more recently. I Can't believe this is trading at this very low level.
agree, GLOW is the next cash cow
Got my starter here. Extremely undervalued! Been observing this stock for a month now.
GLOW is getting ready to blast off!! . The company eliminated
$9,362,000 of debt and accrued interests in August 2017. Also GLOW reduced the outstanding shares by 385,517.
Read this August 01, 2017 filings:
http://filings.irdirect.net/data/746210/000074621017000019/a8ksecearningsrelease-q217.pdf
2) Now the company sold 2,800 pref. shares got 2.8 million dollars.
it is convertible and conversion price 28 cents.. shares was trading at 25 cents and conversion price 28 cents why? because it is worth, big future expectation.
https://ih.advfn.com/p.php?pid=nmona&article=75919104
After conversion the company will have 46 million outstanding shares.. over 10 million shares held by CEO.
i believe after elimination of debt we can see much better financials at q3, that will will be released about Nov 01, 2017.
I believe we can see easily 50 cents.. expecting nice movements
1) Smart investors accumulates and holds. Why? The company eliminated
$9,362,000 of debt and accrued interests in August 2017. Also GLOW reduced the outstanding shares by 385,517.
Read this August 01, 2017 filings:
http://filings.irdirect.net/data/746210/000074621017000019/a8ksecearningsrelease-q217.pdf
2) Now the company sold 2,800 pref. shares got 2.8 million dollars.
it is convertible and conversion price 28 cents.. shares was trading at 25 cents and conversion price 28 cents why? because it is worth, big future expectation.
https://ih.advfn.com/p.php?pid=nmona&article=75919104
After conversion the company will have 46 million outstanding shares.. over 10 million shares held by CEO.
i believe after elimination of debt we can see much better financials at q3, that will will be released about Nov 01, 2017.
I believe we can see easily 50 cents.. expecting nice movements
The company eliminated debt, now got working capital. i believe it will go up.. https://globenewswire.com/news-release/2017/10/23/1151767/0/en/Glowpoint-Announces-Registered-Direct-Offering-of-Series-B-Convertible-Preferred-Stock.html
shorts must cover their azzz https://ih.advfn.com/p.php?pid=nmona&article=75919104
Anything under .28 looks good based on latest filing
GLOW (.25)~ NEXT CASH COW~ target 1 dollar
25 cents bottom and accumulation point, i guess it will skyrocket to 1 dollar plus level..
hit the floor accumulation continues, low float , easy 1 DOLLAR plus
Ready to glow green!
GLOW time to load IMO.
GLOW was manipulated by shorts, but they will pay the price.. Debt decreased to zero level, shares reduced.. they should cover before hits to 1 dollar plus level.. low float..
GLOW(.25) ~ eliminated $9,362,000 of debt and accrued interests. Also GLOW reduced the outstanding shares by 385,517.
Read this August 01, 2017 filings:
http://filings.irdirect.net/data/746210/000074621017000019/a8ksecearningsrelease-q217.pdf
I guess we can see a great financials at Q3 because of eliminating debts and interests..
Hi Clay, recommend you to read this news, something is boiling https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135260086
* * $GLOW Video Chart 10-09-17 * *
Link to Video - click here to watch the technical chart video
GLOW will be a new cash cow!
GLOW~Debt and accrued interest eliminated! SHARES DECREASED!
Glowpoint Announces Completion of Debt Recapitalization
Eliminated $9.36 million of Debt Obligations Resulting in Significant Accretion to Shareholder Value
DENVER, CO, August 1, 2017 - Glowpoint, Inc. (“Glowpoint” or the “Company”) (NYSE American: GLOW), a managed service provider of video collaboration and network applications, announced today that on July 31, 2017, the Company completed a recapitalization of its existing debt obligations as described further below (the “Debt Recapitalization”), which, as of July 31, 2017, eliminated $9,362,000 of debt and accrued interest obligations and reduced the Company’s outstanding common stock by 385,517 shares. As of July 31, 2017, there were no remaining obligations related to the Main Street Term Loan or SRS Note (each defined below).
“Completing this critical phase of debt restructuring provides the Company a foundation to re-align capital structure and market opportunity. Having materially eliminated outstanding debt obligations by over 80%, we now look forward to focusing on product development and expanding our market-leading support platform for video collaboration through the addition of cognitive services and advanced analytics,” said Glowpoint President and CEO Peter Holst.
“We are very pleased to have completed this Debt Recapitalization, which eliminated $9.36 million of debt obligations and resulted in a significant improvement to our working capital position as of July 31, 2017. The Debt Recapitalization resulted in significant accretion to shareholder value as it is expected to increase our stockholders’ equity balance by approximately $8.7 million and reduced our outstanding common stock by approximately 386,000 shares as of July 31, 2017,” said Glowpoint CFO David Clark.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12200591
GLOW has 33 million outstanding shares easy 300%
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