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Most investors here have lost their entire ass and it going to 0 wouldn't matter at this point honestly
The company wouldn't be in crippling debt if they took action when they were getting beaten down after George's death. Instead they diluted and diluted and now they have to dilute more and more shares at these levels vs a lot fewer if they were able to suppress the bleeding a lot earlier on. They instilled no confidence after George passed and people panic sold.
I still have faith in this company to rebound, but they need to be securing better deals and at a quicker pace than they are. And need to do better damage control. We are at .0004 from .08 highs less than 3 years ago - that is not OK
Well that's certainly not true. But they have diluted their share count into oblivion. Existing shareholders got reamed and new ones get in at a crazy good price
" whether things we're done at the shareholders expense, does it really matter if profit is still made in the end"
This is one of the worst takes I've seen yet, congrats
All I see is $9 mil in debt and a "coming soon" page on their site that used to read "coming soon in first half of 2021" or something with 0 news dropped all year. No respect or sympathy for this company, they blew it
Gotta laugh at "the only missing piece is volume"
Well, yeah. That's a clear and present problem that the company is doing nothing to rectify.
https://www.covenantz.com/
Pericles/Madison are executives here at this new company
Also LOL at someone bringing this back down to 10 cents. I cracked up legitimately. That's some spiteful stuff right there
Low float means nothing without volume and more importantly, revenue
It pretty much is dead. Their new company is their only saving grace, and only if they merge it with SECI somehow
That being said, it is still being traded
Finally exited this after 2 years at a loss. Company moves slower than a snail's pace and the volume spike has died down drastically. Had decent hopes for this ticker but it's done absolutely nothing but put out fluff PRs that amount to nothing. Nothing major is coming for years. Aggrivating.
Today is definitive proof that this can still be traded
Volume needs to pick back up, we had a few good days now it's back to flat
Geordan owns a ton of shares at .06-.07, and IIRC there is no record of him selling any. Just something to keep in mind.
$1.1 mil in a quarter revs for a $6 mil market cap... this should be trading way higher. It's trading on such a small multiplier of yearly rev right now
Doesn't show that for me. Nor is it worth getting excited over really. SECI is not going to move until they put out some significant news. =
A few of us have been accumulating for quite a long time. Those who know, know.
The volume today is unreal. ALWAYS follow the volume.
Same. Been the strategy for a while now and confident it will pay off
Been watching this one for quite a while, this is going to be a very nice run
Also Covenantz is clearly the future of SECI, whatever it ends up being. If you want updates, follow that.
A sizeable chunk of that "net loss" is Pericles/Madison's salaries of $300k/year, which they obviously haven't received for the past few years given they've had no income. And they can't really get a dime of that until they get something going here. They also extinguished something like $2.5 mil from Dutro debt. $16 mil is in accurate as well, the last fins were way less than that IIRC. On paper it looks worse than it actually is. No income, but not too much actual worthwhile debt either unless I'm missing something.
That being said, they have had more than enough time here, and my trust is completely gone. Zero. If this ever gets bought out or they get something going, it can blow up huge again given the way they've taken care of the ticker - and I will jump back in if they have a proven business plan.
No excuses, no sympathy. They need to get sht done.
100%
This is BS
Only $30 worth today so far... sigh
This is a real thing, but not here. I have personally spoke to the court clerk who confirmed the trial was real, and the court system website has legitimate documentation on it along with PDFs tied to the case
Also, there was no insider selling during the rise up to $100, it would have to be reported
In addition, no extra shares were added to the ticker. They could have diluted to get a MM to work with them to get it off CE but they didn't want to screw with the low float
Larry Madison is just as involved as Pericles is, don't forget
If it wasn't a scam then the company or executives would be buying shares. They don't care to buy ANY
4 shares is not buying and selling
It's nothing
This was a scam and many fell for it. Luckily I only put in $50
Any time this thing gets going it gets beat back down fast
Why are insiders not buying, that's the real question
Dude you've been here this long and you don't know who larry is lol... he's the second in command
He technically owes you nothing, don't ever forget that. It's unfortunate but it's just the way things are. Larry is just as much to blame as well.
Do you even read the financials?
Plus they have a huge tax writeoff to carry forward, that is a HUGE plus for them
It's a tax harvest for someone who doesn't see a future in Sector 10 is what it is tbh
To be fair, they got kicked off Nasdaq because of something somewhat minor that he tweeted. Elon Musk tweets something FAR worse for Tesla and nothing happens. I wouldn't doubt that the opposition had connections in places that mattered to make that happen. It was a gross overreaction by the SEC, merely for saying he wanted to see PPS at a certain level while volatility was high.
At this point, yeah they absolutely owe investors a win. I hope they prove my doubt to be able to do that wrong.
All that being said, if you didn't take profit at any point during the massive runs, it's on you for being greedy. Plain and simple. Lesson learned for many. This thing ran from $5 to $100. Always take profit.
I want to see insiders start buying these tiny walls being set up, surely they have the income to do so
Short term milestone achieved today with 17s, very nice
Can you PM me this during happy hour?
Inevitable
2020 was just a rough year for them financially bc of COVID. Nearly every sector took a massive hit at some point. Time to move forward
Just need more volume and eyes on this. They need to start promoting somehow
DM it to me
I will forever hate that scumbag silky for what him and his group did after george passed