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That's what I'm thinking. It's tied politically, and/or to interest rates and energy production in the Northern Hemisphere. Down here in the US if we can kick Biden out of the White House you're going to see energy futures soar in terms of energy production but prices going down as a result for the consumer and industry. That will have a quick effect on inflation here in the US which has been crippling the low/middle class, which would then hopefully yield a drop in interest rates for industry capital.
100% agree. I'm not asking Kearney to give us monthly updates. Even just quarterly, heck, annually. The financial reporting can only tell so much. At least tell us what he 'wants' to achieve and his desired timeline.
Rick did say the auditors were 'in town' meeting with his staff to complete a revised 10-K report last week so hopefully we'll see an update soon.
Agreed. Clearly the message to us in that we as investors isn't factoring into whether or not they can secure financing, etc. It's odd. Compared to Rio Tinto, this is a small fish but even if it went to $5-6 pps we'd all be very happy once they start mining. I'm just hoping the financial landscape changes this year (or next) for someone to give them the funding/capital they need.
Ladies and gents, I suspect we will have no warning once they start moving/gain financing. It will just come out of the blue. When we least expect it. Bank on it.
sorry to hear that Birch...sometimes it's just good to leave your computer screens and the OTC market and just go barefoot and touch 'grass'. It does me good and yardwork. Life is too short. Enjoy the time you have and the little things. Live life away from the computer screen!
volume is miniscule. Nothingburger today...it's Friday. Party on.
In case...no news = no financing :( Hope this changes in late 2024/early 2025.
lmao...thx
What's the number you called? I have left multiple emails, etc. inquiring for the latest news ,etc. over the last two years.
Same to you!
Awesome sauce. Thanks so much Mr. Jordan! Many of us are in this for the long haul and know this is part of the process. Thank you again for your updates and transparency. Have a great Memorial Day weekend!
I'm so glad I got out of this one a ways back. Fortunately I broke even. There were warning signs with Damoa and with no product on the horizon I went ahead and jumped ship. Good luck to you all. I will say that Volcano was hilarious watching him pump this thing months ago lol.
Agreed. I've got the patience for Rick and co. to execute their business strategy. I'm here for the long haul.
Interesting. In the last investor call/update they had eliminated a several sales positions to consolidate operationally. I think they're still trying to build their customer base for revenue. That was their main focus. He also mentioned again one of their main investors who had already but in 7 figures worth of cash into the company. I visit their main web page and have even contributed to some of their artists they're trying to help out through their fundraising apps. This is just a bad economy where people have less cash to do things with thanks to Bidenomics/inflation. The good thing is that they're targeting smaller venues where the ticket prices are lower, and they're concentrating on the 'up and coming' artist market where there's always small cult followings. It's all about scaling it and hitting enough small venues to capitalize on the volume for revenue.
This is a message board...anecdotal, informal for opinions, complaints, etc. One can hope. Investors always buy at their own risk.
If this thing uplists and hits over a few $ per share, we should hold a virtual party to celebrate. For those of us that were here at the ground floor. Seriously.
That's my thought as well GTC. In some of these acquisitions there was probably some assumption of liabilities and operating debt with consolidation moves which I think would be normal. The savings through consolidation for economies of scale would occur later down the road. I'm not concerned either. I'm just going to sit back, RELAX, and let Mr. Jordan and co. execute their long term plans :)
hopefully
I wouldn't worry about it. Someone wanted/needed out obviously and was willing to sell way low. Not that much volume.
Would it ever reach a share price of $330? Probably not but I think it could do very very well if it gets the name change, uplists, continues to acquire revenue generating MSPs with a consistent EPS eventually.
Agreed. Unlike the big companies like Crowdstrike or Palo Alto who have big clients, Reachout is the only one that I know of catering to small and mid size businesses. His plan makes sense and he's one of the first to consolidate those offering such services in this space. I know this won't be a 3 figure stock but anything more than a few dollars pps would be just fine in my book over the next few years. Who knows what the future holds but I feel better about this one than I do any of the other ones I've invested and left in the past in the OTC.
I'm less versed on the aspects of dilution and special financing although I did remember Rick saying that while he didn't want to do that, that 'everything' is on the table to get to the destination point and that he'd always try to do the best he can. I just know that unlike many OTC start ups, this is an operating company in the cybersecurity space and he's quietly acquiring other similar companies in order to consolidate and improve the economies of scale.
Interesting. I'm not sure either. All I do know is that this is a company with revenue streams and they are in expansion mode. Several things afoot here over the next few years. That's why I'm here...and staying put.
I wonder why..... perhaps war?
lol it can be to some...
I got rid of my total position earlier this week. Later dudes.
This is one of my remaining ones I'm invested in as well. I've got time so I'm willing to wait it out over the next few years. While I do have a 7 figure position, I don't have a lot of $ in it because I bought in so early. If it comes to fruition, it'll be like winning the lottery for me though. I do like the fact that they are an operating business currently, has staff, generating revenue and acquiring companies in the same industry. That's why I'm here. If this Rick and his folks do the items necessary and also move to one of the big boards, it could be well worth it in time. Again I think it's going to take a few years.
The OTC investor is a fickled one and can be swayed easily. Hold fast :) No worries.
If you don't like YRCM, sell your shares. Plenty of people here that'll take them off your hands...and one less thing you have to complain about.
I think they want to. Everyone wants to make $$ and Kearney is putting in his own $ to keep it running until financing is secured. Like all loans for operating capital, sometimes the landscape is just not favorable and takes time, perhaps years. High interest rates, banks being risk averse, even with a good PEA/ feasibility study in the current climate. I'm hoping for something to unfold/move near the end of 2024. That's just me. I think if there's a change from Biden, things are going to start opening up and inflation and interest rates will go down with a refocus on energy production. Much of the 'infrastructure' related to Houston is regarding transportation (Rail line, roads) and the equipment. Again, I think all tied to the cost of doing business. Investment Capital is just not cheap/favorable right now.
Like some of the stalwarts here, I'm in it for the long haul. Unlike many OTC stocks, this one has had a track record in the past WHEN it has been operational and mining. Anywhere from a few $ per share to over $11 pps at one point...and I think it'll move fast once financing is secured. Their website is alive and well and updated now. It's not far advanced or interactive but it does give necessary info. Again to invest in this one you have to have patience. This board is cathartic in many regards for us long time investors. Again, I urge you to look back historically when they were mining in the 2010-2012 date ranges.
Good for you. Like many of us that have been here for at least 3 years, everyone is buying when they can and holding. Good luck to you! Patience is a virtue around here ;)
Agreed. If you've listened to Rick's podcasts, interviews, statements ,etc., this is going to be a process over a period of a few years in the reverse merger and acquisitions. If you're not willing to wait that long or if you're just looking for a quick OTC flip, you won't find it here. He has even said that all ways to get funding are on the table to see this thing through. Again if you're just looking to bash to try to be the self prophesizing 'I told you so' kinda guy, then leave. This train is going to be a journey. Not a quick process.
Help make it rain Rainmaker!!
Hasn't been up to 0.049 in a long time! :) Volume is always low. Folks just holding.
He did say ticker name change is a part of this whole process. No ETA though but the audits, etc. have to happen first.
Agreed. That's why I've quietly held (and increased) my position.
Thanks high jumper! That's the one I saw too. There was also an aerial photo on the website (looks like it was taken from a plane).
Yep. Sleepy Joe promised a return to normalcy financially and politically and it seems like the world is a breath away from going to Hell in a handbasket thanks to his leadership (or lack thereof). It's now starting to raise its ugly head in the stock market.