headin' to Austin, TX
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Remember the last cc where at the end of the call one guy asked Frank why he was running the company into the ground, and everyone was apologizing for the guys comment and calling him an idiot?
Perhaps people should take that question a little more seriously next cc...that is, if there even is another one.
Amazing how "support at .0009" is said with conviction. Allyssa, you were here back in the Gdhi days when it was trading above .001. Now you say "support at .009" like that's good news?!?! This company/merger has been and is a giant cluster. Feel free to reply with bullet points of why you think I'm wrong. I'll let the stock price and outstanding share count continue to prove my point.
Have a great weekend!:)
Wow. Haven't been back here in a while. I suspected the price would decline after that last conference call but not this dramatically...
Not hearing much from Phil these days it looks like. Did he move on, too?
I'll be visiting in August. I'll be taking pics and vids and posting...if they're still around.
To the companies credit, they stated publicly in plain English at the end of the cc that issuing more shares would occur. I dumped a lot then thinking I was smart....however the smart move would have been to sell it all. Oh well, live and learn....and only buy back in when I see a pr/financial statement with positive cash flows behind it. I can't retire on hope and "positioning"
Want a couple million more? Would be happy to sell them to you. No one else wanted them Friday.
Disagree there. They have plenty of shares to issue to raise money that they freely admitted they will likely do.
As someone who was looking to unload shares to invest in another opportunity and because I was not satisfied with the CC, I can attest that noone is here to "scoop up" cheap shares. I only sold 1/4 of my position (tried to sell more but could not get filled over .0031), but it was a chore to do. Believe me, I would have LOVED if some other fellow longs would have considered .004 cheap and taken all my shares, but they didn't...because they aren't.
I empathize with Bakerboy a lot here, as I feel like he and a few others are genuine in their sentiments on the stock. You hope it does well, but when it doesn't, you need to acknowledge it and sell/buy accordingly.
Hmmm. Although it is interesting, the buying volume only adds up to a few thousand dollars. Could be insiders playing games...could be someone with some cash just trying to get a flip. Who knows.
Def. seems like most of the shareholders of this company have been scared off (for good reason). GOIG is one of those companies who have an idea that is really interesting, but when it comes down to me using it for my own business, it just doesn't make sense to do.
We use dropbox for our cloud storage and would consider using Gobox if it worked on mac computers (seriously? only PC?). I've signed up for a Go800 account and have even told a few customers about the service, but when it comes down to it, even if they know my twitter name or business code, they still have to remember the number to text to Go800. And if you make the argument that they can just save it in there phone, then why not cut the middle man out and just save my number? Just for my business, doesn't seem to make sense.
And the only way I see it making a lot of sense is on billboards/buses/and commercials (quick ads that people don't have time to take the number down), but only if Go800 became so popular that everyone just knew "oh, that's Go800." But they don't, so here we are.
Anyway, I'll continue to watch as I think the Go800 idea is interesting and the GoBox has potential if it can run on all platforms and do head to head with dropbox in that respect.
Peace
Anyone seen Marble Arch's webpage?
http://www.marblearchusa.com/
ummm...
Any thought on the buying volume? Been on the sidelines for the last few months and its been dissapointing to watch this fall to no bid.
Here is what took the wind out of the sails for me regarding Marble. Yes, it would be great to get more eyes on the company, but I don't want it to be done in a similar fashion that PSC brought eyes to the company (aka pump). I'd much rather have the company's real success and financial gains be the light that attracts new investors.
But mainly, if, indeed we are going to attract new and/or large institutional investors, why was the statement made that they will very likely issue additional shares in the future? Surely, no institutional investor will want to invest in a company that stated themselves they foresee diluting investors. Of course the other option is CAGR issues more restricted shares at a price far below current price to entice investors, which still hurts the common shareholder.
It was not a trick question and I was very glad someone had Frank answer.
Anyone have a recording of the CC so we can hear the quote about additional shares at the end? I, too, can't give an exact quote, but it wasn't like a "we might" or "hopefully not, but..." but it was to the effect of "yes, that is a good possibility" or something. Again, I can't remember exactly how he phrased it but it was enough to encourage me to dump additional shares before close.
At least he was being honest...
Any thoughts as to what was up with Brian? At first it sounded like he was on a car phone or something (but you're on the BOD for a company having their first CC to new investors...wouldn't you reserve a few hours out of your day to make sure you were in a quiet room with a decent phone??).
And then, I think he kept saying he was getting interrupted, and Jeff tried to help him out by hinting that ATT might just have bad coverage. However, we heard Brian hear and respond to Jeff easily repeatedly. The only time communication got fuzzy was when he seemed to be hitting his talking points.
I don't know...don't want to read too much into it if he's just not much of a public speaker, but on a conference call where you're looking to hit a home run, this was just a really uncomfortable moment.
Today's cc:
All questions I wanted addressed were...so credit to them there. Jeff, you are and should be the voice of this company. Professional, polite, enthusiastic and well spoken. I'll continue to follow cagr solely on the presentation you gave today.
Brian....ummm. You're a huge part of cagr...and that was awkward for everyone involved.
Frank, although I don't think you're an idiot or set out to drive the company in the ground, you handled that call professionally. Overall, I was impressed with what I heard but not to the extent of keeping my entire position. If it goes up, great. I still have a large position. But if it falls in the coming months as I suspect it will, I've got cash to rebuy lower. Win win
Cgi is an extension of what a wine tasting at a winery in the US is. Expect to eventually have all Cali wine producers and rotate promotions.
Jeff going over basics of why they merged and business. Nothing earth shattering yet.
...a sudden mil at the as of .0048. Not saying its the company....just frustrating.
Watch volume. If we get large sell blocks into this news, It'll be déjà vu all over again.
As someone who called Jeff, I can assure you he was careful in not giving any specific info that would be considered insider info. He said the company was excited for the call and that addition financing is needed to compete and grow in the retail sector. As far as what he's excited about and what exactly the money is going towards to compete and grow, he couldn't say.
Haha. Sports cliches. So true. I will guarantee these questions will be asked. How they are answered is up to the company....
1. What, specifically, did the restricted shares go to finance? (I'm hoping this won't need to be asked and will be a top item to be addressed right away)
2. Why were investors left in the dark half of last year while the stock fell to .0001? The IR guy...what happened with that? CEO corner... What happened with that?
3. How do you account for the large volume of shares traded into PRs last year? (of they want specific examples I'll have them ready). If it wasn't an attempt to unload shares onto investors, do they have any thoughts on what/who did it?
4. As an investor who has been involved with gdhi/china food/cagr for two years and invested a large amount of money with them, can they give any concrete statement ensuring me that I won't be further diluted? I know that's a tall order to ask, but considering the last two years and the amount of shares issued, I really don't care. Any way they respond to this will be very telling of their intentions.
With all due respect, the people you are telling to "have patience" have been here for over two years.
Nothing. Nada. Zilch. I spoke with Jeff last week after the shares were issued and based off that discussion, I decided I would at least owe it to myself to wait for the conference call to see where all of my money went to. Jeff is a very nice guy and was professional, although I don't know if he understands what a beating the average investor has taken the last two years with gdhi without any regard from management or IR ( or lack thereof). So when we are finally getting a response from someone who seems genuinely excited and happy to share the news of the merged company via cc... I made a personal decision to wait before dumping large amounts of shares on such a thinly traded penny.
Might pay off, might bite me in the butt. Either way, I'm holding until cc
I'm honestly surprised they are even having one. It was one of the reasons I thought the financials would be amazing. Why else hold a cc unless you have results that will overshadow the two year free fall investors have been on with gdhi? Oh well.
I think most people's issues are not that a start up isn't profitable. Had GDHI simply just merged with CGI to start a new venture, then, yes, this start up should be treated as such. But they reversed merged, and issued more shares (although they are restricted, but still...) And now with these new fins, GDHI investors see that this new company they now hold less shares in and have more room to fall doesn't SEEM nearly healthy enough to warrant a 1:10 reverse merge.
Again, I'm just an average guy investing so there may be details coming in the CC that will help investor confidence (which is why I'm not making any decisions until after CC).
But yes, if you are new to GDHI/CGI, you're right, this is a start up new company and you might be justified in not being as upset by FINs. But if you were an investor in GDHI and see that these are the FINs the company is using to justify reverse splitting your shares 1:10...you may be a bit bothered.
This CC is going to be entertaining...
1. Why the half year silence from investors as the stock price tumbled to .0001?
2. How do you account for the massive volumes of shares traded right after PR releases in 2011?
3. What was the reasoning behind issuing shares in Dec.? (they need to be specific)
4. What about these financials should have investors happy as stated in conversations with investors?
I am currently a large holder, long, and want to see this company succeed, but we've given this stock enough "wait, hope, and see"...
We are paying their salaries. We deserve some answers.
(And for those who will say this is a new company and that questions regarding Golden Dragon are now irrelevant, I strongly disagree. Had they held a CC last year and answered some questions and concerns, you may have a point...but they were silent. Frank is still majority owner of CGI, and if he want to keep investor money in CGI, he needs to account for 2011.)
Fins released over new years? What's up with that?
Fully loaded for the new year. I'm only going to check in a few times today...there is some obvious games being played, and it's the final day for everyone to get ducks in a row. Should be interesting...
A few thousand dollars and we're back at .0065? Anyone with L2 care to share if the sells above .0065 are just as thin?
Fair enough. I don't know of I'd use the word comfortable with this stock. If I was comfortable I wouldn't be planning on listening to this cc with my mouse hovering over a sell order. Believe me man, I've been burnt here. But at least, for the first time in 2 years, it seems like someone in management gives a crap about communicating with shareholders.
True. His comment was that the company is based around the retail supply chain. Competing with the bigger wine players in retail stores who have access to much more capital and inventory warranted cagr needing open itself up to additional investment. He did specify that the shares are restricted.
So, yeah, essentially I take it they are using those funds maybe for more shipments, getting into more retail outlets that can compete against the larger players, ect ect. Who knows. Of course, if I would have heard the CEOs gave up a portion of the shares issued to them personally in order to raise this cash, I'd be buying right now. I am currently holding til cc and if I don't hear anything specific about what this money went to, I'm selling out.
Jeff did say he was excited for the cc and the next year and certainly didn't sound like a guy trying to dodge shareholders. I stick with my initial thought...why would they issue shares before the cc?? Because there is something worth paying for that they are announcing. (only speculation)
Heard back from Jeff. Wow. Very impressed. Not only a nice guy but for those who are curious what the additional funds are for, I can confirm Phil's comment...it's for growth. And check my past posting record...I am anything but a pumper. In fact I've been a "stuck holder" the last few years and pretty vocal about it. Although I still don't love the increase and the phone call won't spur me to buy more, it has convinced me to at least hold until cc
-S
Called Jeff. Had to leave a message. If he calls me back, I'll be sure to share any comments that have not already been made.
S
Dear frank/cagr board,
Want to grow your net worth? Stop issuing shares. Want to avoid a really brutal and awkward conference call? Stop issuing shares. Want to be perceived as something more than crooks? Stop issuing shares. Want to give investors an ounce of confidence in what you are doing, STOP ISSUING SHARES!!!!
Reaching, Phil. No scenario where more shares issued into the OS hurts shorts.
Here is the only hope I have that maybe this isn't what it appears to be (dilution). If you were going to dilute and essentially rob the shareholders, why would you do it a few weeks BEFORE a conference call? Frank has two years experience in putting shares into the OS, and the fact that he's actually doing it in a timeframe that is going to force him to verbally account for them in front of all investors on call is very uncharacteristic of past performance.
Either way, will be an interesting call.
Phil....the OS just increased by nearly 30 percent...how is it prudent not to worry?!
Especially given this history of management?!?!?
Willi1, this board owes you some gratitude. Thanks for being on the ball.
TA number (877) 797-3632
They are very responsive. Give me a call.
Just verified that number as well. 530147957. C'mon fellas! You are having a cc soon and as much as I want to root for this company you keep doing things like this that are going to HAVE to be addressed now...