Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Too funny... I sold my 22,000 shares in October for 60 cents per share, it's unbelievable that so many people held on thinking it would go even higher.
If nobody can buy it, how the heck will the share price go up? That's why I sold all of my shares last week. If they ever fix their problem then I'll rebuy.
This is a very nice summary... thank you for posting it. I see a red flag... $2B sale, $.1B "revenues" which typically is gross profit not net profit, that's only 5% GP which isn't much. How did he manage a line of credit with a PPE manufacturer for $1.9B and what's that costing him per month? I work for a company with 700+ locations and multi-billion dollar annual B2B sales, we figure the cost of cash at 1.2% monthly between when we pay our invoice and when we get paid. Assuming he somehow got a better deal than that, maybe 1%, then he has to receive the product, he has to store it, has to pay for it, has to deliver it, then has to wait to be paid. That 5% can be eaten up very quickly. As a distributor I sell lighting jobs on a regular basis that are $200,000... if we can ship it direct we might go as low as 5% GP but it's rare, we typically won't touch a 5% direct-ship order because there's no profit in it. If it goes through our warehouse we won't touch it for less than 10%, which we figure as our break-even number. It's not about the dollar amount, it's about cost as a percentage of the order. If you're delivering watermelons to Walmart and you're barely breaking even with one truck, you're barely breaking even with twenty trucks, even with two hundred trucks. Unless the $100M is net profit, which prior to delivery can be only an estimate, I just don't believe this is a real transaction.
Is that chart the reason the share price went up 40% Monday 12/28?
Thank you for posting this. I had 45,000 shares that I bought at 20 cents and sold at 59 cents, which in hindsight was the right thing to do, but because of your post which makes perfect sense I just bought more shares when the market opened at 12 cents. You nailed it, and I want to thank you for sharing it. I believe they're going to fix their listing issue and this stock will quickly be a five-bagger when they do.
I've watched this board for months now, every day a hundred posts that this stock is going to skyrocket yet it just sits. For months, just sits at 3 cents. A nice bump up to 6 cents today on huge news, and that's it. Just sitting at 6 cents. Oh I'm happy, I just sold enough to cover what I paid for it, now I'm sitting on 10,000 shares with zero dollars invested. I hope you are all right and it goes to $1, but I'll be damn surprised if it ever hits 20 cents.
Any thoughts on the proposals the shareholders are to vote on? "increase of the total number of authorized shares of all classes of capital stock from 221,000,000 shares to 500,000,000" doesn't sound like a great idea.
Willbone, he said he wanted good information, not wild-ass guesses. The only good information on LSCG is that nobody has any idea what's going to happen.
That's a terrible video. Shows nothing of how it works. And it's cheap looking.
I sold about 2/3rds of my shares once it hit 60 cents; not because I don't see great potential in the product line but because I don't trust the corporate structure and their lack of reporting. Seen it too many times, you hold on thinking it's gonna keep going up and then it starts dropping, and dropping, and dropping, as investors take their profits. So I took my profits. I hope it keeps going up but I had 40,000 shares, I couldn't stand the thought of it dropping 20 cents and have it cost me several grand. I still have 13,250 shares in case it keeps going up, but really with the stock still reading caveat emptor who's going to keep buying into the 70 cents range and above? If they ever fix it and start promoting the stock symbol, I'll buy back in.
You mentioned the Boeing announcement, using Healthe Inc... Healthe is a division of Lighting Science Group $LSCG, that's the real noteworthy news.
He also said this a while back: "We also like OPTI a company that sells Optimized Fuel Technologies that increase performance and mileage by 33% and blocks fuel emissions. It’s revenue has been growing quarterly just like the stock price. Since January 2017 when we first recommended the stock at $1.00 OPTI has climbed every month and is now trading at $9.00. Buy this stock now and hold on to it. We believe it has a value as high as $31 per share down the road." Sounds like a pump and dump guy. http://skyrocketingstocks.com/srs/
Nice Sunday PR for Healthe. Not much new except a bigger perspective of "superbugs" rather than just Covid.
https://goldseek.com/article/light-covid-tunnel
Not nearly enough volume today to push it up. Avg volume is 70.7M, today was only 47.6M.
THIS is the primary reason to be investing in OPTI, everything else is speculation. Kevin came on after this patent was awarded, so this obviously is his focus. Note that OPTEC does not have a patent on the technology, only this particular application. https://optecintl.com/optec-ceo-receives-united-states-patent-pending-approval-for-uv-c-led-lighting-use-in-cellphones-tablets/
Note: For info on the patent holder of the 222 nanometer wavelength Far UVC that is safe for human skin you have to refer to Healthe, a division of Lighting Science Group, $LSCG.
Volume is way below average; nothing happens until the volume happens. This is not a typical penny stock, this is a very traditional way of building a solid company... they don't care about the stock price day to day or week to week, they have a great product with a need in the marketplace and patents to protect themselves, they know the stock price will eventually rise to what they deserve. If the company is successful, their shareholders will reward them. The floor now appears to be around seven cents, what was the floor a couple of months ago? One cent. That's outstanding progress, a seven-banger. What will it be in a couple of months? I would expect the floor to be doubled at 14 cents. Not gonna get rich quick, sorry to disappoint. But 6 months from now? Should double again, to 28 cents. And if we're lucky, sooner. Meanwhile, patience...
Monday there were 5 purchases of over 166,000 shares of this stock that has an average daily volume of about 100,000; that suggests that they were not random retail investors but rather people "in the know". Since LSCG stock is something you have to search for or be tipped off to rather than stumble across, and this Senior Living Community has dozens of similar properties nationwide, my thinking is that some of the people in upper management jumped on board. Let's say the VP of Sales made his presentation to the big wigs, then in a private discussion with them quietly said "Our stock is dirt cheap right now and something like this will really make it pop" (wink wink). Naturally they're going to buy a bunch of it. I don't know if that actually happened but I do know the lighting business as I've been in it for 30 years. Anyway, this makes me think to watch the volume... if there's a lot of volume then they're spreading the word and the stock will rise, but if the volume drops back down to average then they're keeping it quiet and it's going to settle down until something else big happens.
I'm new to this group, glad to find others chomping at the bit for the stock price to go up. I believe it's going to go to $2 but it scares me when it drops below 20 cents. I have as much as I can afford to lose tied up in this stock, at 42,500 shares; my first 10,000 shares I paid $90 for, before I really grasped the potential of this product line, and it makes me cry now that I didn't buy more then because my next 32,500 shares has cost me several thousand. I bought my shares on Schwab, I tried to buy some on Fidelity too but they said they wouldn't sell LSCG because of the caveat emptor status; are any of you concerned about the limited availability of purchasing the shares? Is there anywhere else online that anyone has found good info about what's going on with the company's financials? I assume they're cleaning up things to get rid of the caveat emptor status but I'm just guessing and would love to know if any of you know more about that.