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So I shouldn't even buy in at $3?
Their acquisition is a dog. The market knows it will require lots of capital to get it right. They already are losing huge with their motorcycle business. Add in huge investment in the auto portion, and they will need to do a raise by end of Q1 to give them funding to clear Q2. This is now at $5. Will be at $3. Massive dilution by Q1 2019. Stay away until the smoke clears. Interesting play AFTER they are about to clear their financial hurdles....not as the bar gets raised higher and higher.
They are buying low and selling high. They have a algorithm that gives the consumer a lower then wholesale price for their bike but also offers a quick check payment and saves the time and price of having to sell it themselves. Then units are sorted and sent to the auction where that type of unit will bring the most, then sell it higher then what they paid for it....
Taking a look at the business.
Can someone explain just how they manage the risk associated with entering the chain of ownership by paying cash and reselling?
$8!!!! Looks like everyone (but me) is missing out on this one! $$$$$
This should be a good buy today --- #Hoping
Best stock in the nasdaq, all to myself.
RMBL moved from the OTC to the Nasdaq:
http://otce.finra.org/DLDeletions
Yes, You Never Know.
$7.00 now, guess we should have grabbed those shares @ $3.50......but as the old saying goes, hindsight is 20/20
Was hoping to get some shares in the $2 - $3 range but it doesn't look like it's going to happen, $3.50 is the lowest I've seen yet and I have been following this from the beginning.
I think this is going to be pretty good, you got many of the execs and/or founders of both AutoNation and Vroom, just missing John Elway, both of which were massively successful.
It's been pretty illiquid thus far, but they are going to be launching here very soon, sometime in April, got to figure that it will get some decent press coverage when that happens and bring in some new blood.
Looks interesting. Just noticed some Form 4's and a 8K are showing from yesterday. Shares can be had for $4.00. The bid was $3.50. Ask $4.00 What are your thoughts on these offerings?
Thanks I appreicate it..
$3.40 X $3.50 cheapest shares we have seen available here.
i like the potential. but im going to wait a few weeks to see where this settles in at. nice find :)
Going to basically be Vroom.com but for motorcycles rather than cars, some of the same folks involved as well with Marshall Chesrown and Steve Berrard.
Wish this was a little cheaper but in the long run, if it can achieve anywhere close to the success of Vroom, it's probably going to be quite good.
IMO I think we'll see shares come available more regularly pretty soon, there is going to need to be some liquidity. I actually don't have any shares myself but I might pick some up once more volume starts rolling in.
The website says the service will launch this month.
http://www.rumbleon.com/
Thanks, Yes a Forward Split would be good. the spread is crazy.
I have not contacted the TA myself but OTCMarkets is showing this, which seems about right according to the filings I believe.
Authorized Shares-- 99,000,000-- a/o Feb 24, 2017
Outstanding Shares-- 6,923,809-- a/o Feb 24, 2017
Restricted-- 6,898,809-- a/o Feb 24, 2017
Unrestricted-- 25,000-- a/o Feb 24, 2017
Float-- 25,000-- a/o Jul 13, 2016
Has not traded many shares at all in it's history, I've been following since the merger and have only seen shares available on the ask a couple times. Really needs a forward split IMO.
10:56:13-- 4.10 100 OTO
10:25:31-- 4.10 100 OTO
10:22:07-- 4.10 400 OTO
02/28-- 4.10 1000 OTO
02/28-- 4.50 300 OTO
02/02-- 4.25 100 OTO
02/02-- 4.25 100 OTO
02/02-- 4.00 100 OTO
01/26-- 3.75 100 OTO
01/10-- 3.50 500 OTO
01/09-- 3.50 500 OTO
01/22-- 0.245 2500 OTCBB
01/22-- 0.25 2500 OTCBB
Good Morning BB. Whats The Share Structure on $RMBL?
Thanks
:)
Rare block of cheaper shares available today.
RMBLB changed to RMBL:
http://otce.finra.org/DLSymbolNameChanges
Smart Server, Inc., RMBL, changed to RumbleON Inc.. RMBLB:
http://otce.finra.org/DLSymbolNameChanges
$4 x $4.25 tightest spread I've seen here yet.
SUYT changed to RMBL:
http://otce.finra.org/DLSymbolNameChanges
Here is the website, looks pretty interesting.
http://www.rumbleon.com/
8K out today, asset purchase agreement.
PR as well.
http://finance.yahoo.com/news/smart-server-today-provided-following-133000592.html
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11773421
8K filing out yesterday, they have secured a decent amount of funding to start this thing up, just got to figure out exactly what 'this' is.
Looks like $1.50 range will be a good starting point for trading, still waiting for blocks to appear though.
Been trying to figure out what Berrard and Chesrown have planned for this, obviously they are big time in the auto industry but that doesn't necessarily mean that is what they are doing with this.
I find it particularly interesting that they changed the ticker symbol of this to SUYT but not the name of the company. Marshall Chesrown's Linkedin page has him as the CEO of SUYT Inc but no details on what exactly it is.
https://www.linkedin.com/in/marshall-chesrown-7735a513
The domain SUYT Inc is available, however, SUYT.com has been taken and was updated July 2016, which is the exact same month Berrard changed the ticker symbol of the shell to SUYT. The website itself SUYT.com has nothing on it as of yet though.
https://www.namecheap.com/domains/whois/results.aspx?domain=suyt.com
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11501495
Whatever the case there are no affordable shares available here anyway. I just enjoy sleuthing and trying to figure out what folks are up too with shell companies, especially when I see players like Berrard and Chesrown involved.
8K out Marshall Chesrown now CEO & majority shareholder of this shell, Berrard still owns 39% though.
Be interesting to see what these 2 guys got planned for this one. Chesrown has had his successes and failures in life but I wouldn't bet against him in this venture, whatever it may be.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11655087
Pristine shell, probably impossible to get any cheap shares though with only 25K float.
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