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Nope, I wouldn't reccomend being bearish on this company at all. Great value.
Because the one-time dividend drained their cash, imo.
You had to explain to her what a share buyback was? rofl! oh god...I would think if she came from a company like ernst and young she would know this? oh well...
It is rare that otcbb stocks do buybacks, but it has happened. But I doubt it would happen in this case. Makes no sense to be engaged in equity financing and a share buyback at the same time.
Maybe they have things in the works that investors don't know about yet which gives them confidence. Look at the deal they got with a NATIONAL chinese government department. They could quickly become one of the big fish in the pond. Chinese pharma is still in its infancy. If you had invested in astrazeneca or pfizer when they started out, these kind of worries would look trivial in retrospect. Who are going to be the big Chinese pharma's in the future? Its anyones guess, but GTEC's risk/reward ratio right now i the best I can find. They are investing in the future as well or better than anyone.
Along those lines, the chinese pharm industry appears ripe for consolidation. I think you will see some of these smaller chinese co's start to merge. It would make sense, esp for the ones that are stuck on the otcbb while their brothers and sisters are on the nas/nyse getting rich off of absurd multiples. My "dream ticket" would be a lotus/gtec merger sometime in the future.
I too think its possible for them to uplist without doing a RS, if you wait a couple years. Everyone wants the quick money now...but you could be much better off thinking in time frame of year by year rather than quarters or pr by pr. It's volatile now because you have all these day traders hopping in and out, but I think the trend will still continue to show us headed clearly higher and higher, even on the otcbb. I know I am accumulating consistently,
GTEC is almost all you want in a stock, its:
A growth stock
Serving a growth market
In a growth country
at a deep value price!
My only point of concern is that I hope ownership is committed to building shareholder value, realizing that it lines their pockets too, in the long term. I really, really, hate seeing companies with plenty of cash use equity financing.
I second that!
Looks like we are gearing up to break out for good this time *fingers crossed*...I was lucky to squeeze in a few thousand more at .25 the other day. Doesn't look like these bargain prices will be around much longer. GRAB 'EM WHILE YOU CAN!
Beat me to it!
We don't need a gimmick, all we need is time for the updated financials to scream out what an insanley low price ratio we are trading at respective to our (presumed) growth rate. So far we have news releases about the new company but not the filings which count. I would definately not get impatient and hope for gimmicks and "pops", instead enjoy accumulating at the good valuation while you can. I have been buying exlusively GTEC on the dips since the reverse merger, its the best deal out there as long as they don't screw something up.
The wild card out there as Carl mentioned is the equity financing...ideal scenario would be we make a nice run after the filing to get the PPS at a good level for a RS, the RS is done, and then the rest of the financing can be done. If the financing is done before the RS then we could languish for some time, I'm afraid.
You should be able to get a few more in between .22 and .23 before we take off, imo. Not too many though from the looks of it, depends how much you are talking about.
Really tightening up here, looks interesting. Get it in while (or if) you can.
Some OTCBB stocks I own that I consider good long term investments are: GTEC, BOBS, CHWG, CIWT. Some interesting ideas on this board. Good stuff.
Hmmm...Interesting points. I just thought of it as getting it in as cheap as I can. Eventually this thing will be (mostly) driven by valuation instead of technicals/sendiment so I feel like...why not take advantage of people being irrational to lower my cost basis? In the long run it'll work out well.
We sure are! grrrrrrwwwl
I'm very heavily invested in GTEC as well. Not 85% but its up there with ya.
IMO: under .25 is worth nibbling on. Swing for the fences if we get under 200 day MA. Thats just how I'm playing it anyway.
Yeah I was gonna say lets not compare GTEC to a sub-penny stock please..lol. I hope our train runs nothing like SWVC's!
At "4 bags" from this point I will break even so I hope we do have a run off just one restaurant so I can get out with my money back and maybe catch it when it goes back down, because such a reaction to a solitary restaurant opening is unsustainable irrational exhuberance. Makes money if you are a day trader but I'm just a regular investor.
I don't want overnight money generated from media blitzes, as much as I want to get consistent, long term returns from investing in a solid company with a solid growth plan. Just my preference I guess. Roller coaster rides make me barf.
I hope so. When it looks like there is real progress being made I may jump back in. As long as its just talks and plans I'll stay far far away and watch.
I remember when I bought my shares, i scanned the message board every day because uplisting to the AMEX was "imminent" and everyone on here thought it would always be "next week". lol...so much for that. I made a lot of money on one story stock so I bought this one with similar hopes because it is the best story I could find. But I think I just got lucky the first time. FRPT actually executed and I got out with a 30 bagger. UWKI talks about executing but hasn't so far.
I really want Uwink to succeed but as time goes on my doubts grow.
"That said, management's been talking a good game, but producing very little."
And that's all I'm saying.
I completely own up to the fact that buying some shares at 4 bucks was a bad descision. There are no fundamentals here that justify a stock purchase at almost any price, much less averaging down on your position. Its better to agknowledge that and move on than to continue to cheerlead a losing stock because you have an affection for the CEO. Look at how fast spicy pickle is expanding...Uwink is light years away from that. (disc: I do not own spkl)
I never posted here because this stock seems to have a very active "stock cult" that cheerleads it. I hope the company does well but at this point I have my doubts that many shareholders will share in any success. Most successful companies don't need to go public before they even get started. It was dumb to buy my shares of UWKI and I own up to that. Fortunately it was a relatively small position but it still aches to see this plummet in PPS.
I never said i was misled or Uwink was unethical. I made a wager that we would have made a lot more progress than what the company has made by now, which was based on my DD. I believe the company wants to succeed but is mostly all hype.
I acknowledged my mistake, and just am saying its foolish to buy shares when they have no where to go but down.
I bought my shares around 4 dollars. Now i'm looking at a 400% gain just to break even. Some people will be celebrating on such a pop, but many will just have started to break even. I could buy now, but whats stopping them from going to .20? Whoever buys at the bottom could make some good money but everyone else is probably screwed,imo. Oh, except for Nolan.
No more story stocks for me. You have to wonder why Nolan didnt go for conventional funding for his great idea and instead decided to sell the public a bunch of OTC stock? I'm not saying he is trying to screw us...in his last financial dilemna the bank got paid eventually. But they didn't make a lot of money. As investors we probably won't either. We are Nolan's bank.
Well that makes sense...I doubt many accredited investors would have risked a lot of money on a PP for a pre-revenue company. I feel dumb having bought the little bit I did buy. But then again, we were all lead to belive that major profits and expansion were just a matter of raising a few million dollars and a couple months to open up lots of restaurants, since they supposedly had so much lined up and ready to go.
As a shareholder I hope Uwink does well. I just think it would be foolish to buy any more shares until there are real revenues, not just "plans" of having revenues one day. At this rate I am wondering whether they will have to dilute again to stay afloat. Without real revenues there is no bottom to a stock price, no matter how good the "big idea" behind the stock is. Lesson I learned the hard way.
I'm not suprised that it wasn't the bottom per se...Dilution via PP in my experience is usually greeted by the market with a drop in share price to just below what was offered the institutional investors.
But what usually happens is that the company posts up some great revenues and news shortly thereafter to push the PPS back up. But this company promised all this rapid growth to both us and the Merriman guys and hasn't grown a lick. If they have any hope of ever being on a big board they will need to do a lot better job expanding than this. There are other startup restaurant companies growing much more easily and rapidly than uWink. We'll be lucky to get one or two new restaurants open this year from the looks of it, lol.
Uwink needs to get on the ball before its PPS is just a few cents again. The stock is in freefall. With no significant revenues, there is NO bottom to this stock. I think it would be foolish to make any UWKI purchases until they start delivering. I'm just a regular investor, if Nolan wants people like me to finance his dreams, there are BANKS and VC firms for that. Stop trying to sell stock to the public to do the job of banks.
This stock is depressing. The last time I ever buy a "story stock". I bought some at about 4 bucks...was convinced they'd have a few stores up and running by now. Seems this company is all talk and conventions and dilution. Will probably need another reverse split to get on a major exchange at this rate, if we ever even get some real earnings. I like Nolan's history, but if this company weren't run by him, would this stock have all the blinded by love cheerleaders it has? Hell no...It would be seen as just another otcbb company in business to sell shares and dreams.
I'm with you on the outlook for GTEC, I think we could multiply our market cap easily...I think this could be a 10 bagger within a few years. A lot of other chinese stocks that are booming right now looked just like this a few years ago. Shit, a bunch of them are at PE's in the hundreds! I'm just saying that 17 mil in cash is not accurate anymore.
Just to keep it honest...No, not 17 mil in cash. A 10m dividend was paid to buy out the old shareholders. If I remember right they are at 4mil in cash plus the 5 mil Pope investment.
yep...have a net wide open to catch everything from .205 to .25 from now to the middle of feb...this is looking like how we were in October before we shot to .49. Put your seatbelts on and buckle up!
My fingers are crossed hoping to catch another dip to under .25 before the middle of february. Looks like we are gearing up for another run.
*echoes*
:)
Be careful with those pre-revenue, development stage company stocks, lol...I got a few of them myself but they are dangerous to accumulate. I like UWKI and MTSX's concepts for example, and have dipped in them...but usually those companies are public just to sell you shares, you finance the owners dreams. Sometimes they make it to the big leagues but far more just dilute, dilute, dilute...reverse split...dilute, dilute, dilute. Rinse, repeat. You need earnings and assets to provide a floor to the stock price. Otherwise it can go as low as it wants.
Thats why GTEC is such a great OTCBB stock :)
We are lucky to have found it early while they are still getting everything set up. When the financials are updated and every tom dick and harry out there can run a stock screen to find our terrifically undervalued company, its off to the racetracks to fair value and beyond.
HA!...I never would have guessed bell345 was the other identity though. I was thinking Fast Eddie or jp8888 himself. Good work! Its reassuring that we have a proactive, involved moderator on this board.
I put a lot of my portfolio in GTEC too when we were in that big decline...sold even some of my bellweathers like MKL to fund it. Sitting good right now and ready to add more GTEC on another drop. Another good otcbb stock i socked some money into a little while ago is BOBS.
Yeah the bid ask used to never get more than half a cent. There's real interest here, but some pumping going on too. I'm anticipating a pullback in the next few days especially if we touch .35...will have some buy orders in for .25 and under just in case. But if we stay green all the way through the next filing then who knows, we might take off for good this time.
GTEC is the real deal.
I didn't say you were wrong per se, I was just making an observation on posting habits, and the tone of such. Think it will dip under 20 again soon?
CRG is TheSubway.com. Will be interesting to see how these lawsuits play out. I bet they really thought they were getting a clean shell...new management can't be happy at all that they have to go through this BS.
Interesting....The one lone idiot theory is definately a viable one, haha...I just had (and have) a hard time believing that anyone could be that STUPID, and was leaning toward JP and co. hired to bash the stock down so the accumulation could happen.
Yeah I've held a position since pre-merger...I bought a little in the high 30s too but then really loaded up when we dropped, so I'm wayyyy in the green here. To be real we will probably drop again (I hope not) but I don't think we will see this stock in the teens again. If it ever gets under .25 again, back the truck up.
Also remember that, like it or not, this is still a company that gets spammed for and pumped (and subsequently dumped). Thats why I'm always nervous about breakout days like what we have had. Its a sound company, but its not trading on fundamentals, and won't for a little while.
You buy when the bashers/bears are out in full effect (jp888, Stock addict, Fast eddie etc) and sell some (not all lol) when pumpers like Meryl Saks and the guys typing in all caps and exclamation points flood yahoo. That's how I've made good money in this stock. Its rare that you find something you can make good short term money and is worth holding long term like this.