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Kind of irrelevant when your revenue is cratering. At some point, they'll have to start diluting again to keep the doors open, just as they always have.
This is holding up decently, but I'm planning on buying closer to 0.1.
Yes, but the bad math is in thinking that that is a fair valuation for a profitable company rapidly increasing its revenues with 3.3 million booked in the last year alone.
Might want to double check your math.
Not sure when the permabears took over here.
Given the fundamentals, $5-$10 wouldn't really be that hard.
We ended nicely up for the week. I am optimistic about the near term. (That's compatible with the fact that I suspect it is a garbage company with no real future.)
Even if we don't, any close around or above 0.021 would look pretty good to me.
Game over. I'm kind of amazed at the gullibility of so many here who thought things might end differently.
My plan is 0.04-0.5, though I always assess things as time goes on.
Agreed, someone is buying, and that is good. What level they will sell at is the question.
While this is true, the story for each individual stock needs to be kept in mind. CLWD has seen its revenues fall by 50% in the latest quarter. That doesn't bode well for a company that wants to portray itself as a high growth marketing company.
I too believe there will likely be a decently strong techincal rebound that will be good for a trade (and I have set things up accordingly, with a lot of buying around the 0.016-0.017 level.) But I doubt this will ever return anywhere near the highs of a few months ago.
Ah yes, the old 'waiting around for real money' way of thinking. Those are the unfortunates who saw the PPS increase 10x then watched it all evaporate away. In the world of pennystocks, holding and 'waiting for real money' is an absolute losing strategy - probably the worst possible strategy anyone can have. With more experience you will come to see this.
> we are barely able to hold $0.015 a share
Not sure what you mean - 0.015 has held very well, and acted as a great base for some trades. You might have hoped for a higher support level, but there definitely seems to be decent support at least at 0.015.
No, this has very little to do with COVID. Even before COVID they never had enough free cash to pay off this magnitude of debt. So let's not pretend that everything negative is due to COVID and that it is smooth sailing from here on.
The Oasis debt hasn't really gone down much over the last quarter, so the dilutive pressures will remain largely the same for a while. I don't see how that can be considered anything but bad news. They are still nowhere near making a profit to consider paying it off.
See note 11 - looks like they still owe 138,803 to Oasis Captial, barely down from the last quarter. It also appears that Oasis Captial has been performing a significant amount of dilution in the last quarter. So they are still deep in debt to toxic lenders. On that crucial front, the news seems pretty bad. The dilutive pressure will remain for quite some time; probably at least much of this year given the slow rate and which that debt is being paid off.
Of course I sold after that crazy run up. Not sure what your point is.
Sounds like you missed the point. You might want to read more carefully. Critical reading skills will help you in your investments as well.
That's up to you. I really don't care. Everyone should be forming their opinions based on the facts in the 10Ks and 10Qs, not what people say here anyway. And those facts seem pretty clear to me.
No, I sold for significantly more than 100%. I was in at 0.0020 and while I certainly didn't sell at the top, sold not too far from it.
Gotta join in the pump, then sell to the idiots who are stupid enough to believe it!
Don't hate the player, hate the game. At least this time, I am being honest up front. I even told you all an excellent entry point, weeks in advance. Why didn't you link to that?
Never heard of 'last futurist', but that article is largely garbage.
I absolutely did not miss the last amazing ride.
By not falling in love with this stock and selling 100% when it was clearly overvalued, I made more money than it is polite to say.
If you love the fundamentals, you haven't looked closely at the fundamentals. Don't fall in love with this company; just trade it smartly.
I think a rally to 0.04 or 0.05 is not out of the question.
I don't know how much higher I would expect beyond that. The valuation is already very stretched at that point, so it would take a lot of hype or a BS PR to go much further. The cratering revenue in the last earnings report I think will really act as a reality check. So don't get greedy.
I hope people were buying around the 0.016 level as I'd been suggesting. I loaded up a significant amount around that level. The next and hardest step is to let things run a bit, but also not get greedy.
I think this company is ultimately probably worthless and their 'AI' technology probably a joke, but in fairness I don't believe they have much if any toxic financing.
> It still could be game-changing technology digital advertising .
That seems pretty unlikely at this point.
Like almost all pennystocks, one should only be trading or setting things up for a flip here. This pennystock is not some sort of exception.
Lol. Well, the company has a lot more cash on hand - I'm surprised no-one has jumped to the company's defense by pointing that out. Still, in the face of declining revenues all that money will eventually be pissed away. Unless revenues are increasing, all the rest is basically meaningless.
Revenues basically halved year over year. What a disaster. Let's not pretend this company has any real future. It will never see the highs of a few months ago.
Still, there is a chance of a rally from these low levels, but be ready to sell. Don't fall in love with a pennystock the way some people on this board have.
> we should see significant rise in the sales
I don't see any reason to believe that. They have only been advertising their contracts with insignificant 2 bit companies. Let's not pretend we don't know what that means.
Valuation is already decent. Still, a run will probably happen, though it will come back down again.
Nothing that you have said entails that any bitcoin company is a buy at any price. I assume you are not silly enough to believe that.
If you have anything to say about that later issue then it would be valuable. But refusing to go beyond the mantra 'bitcoin = $$$' is going to lose a lot of people a lot of money.
It's the trajectory of the OS that matters. This company has a long history of raising the OS and reverse splitting. It would be completely naive to think that the OS now is a reasonable basis on which to perform some sort of valuation.
You'll have to wait until the next update to see how much they are diluting now.
The OS has been steadily going up. That coupled with a lack of buying interest means that the price is going down.
If you think that means they can dilute without the price going down, you need to learn more about pennystocks. Nothing you said was particularly relevant.
Or hey, clutch your pearls and be mystified everytime the price goes down. I don't care if you don't want to accept the obvious explanation.
It's almost like you keep forgetting the obvious fact that everyone has known for years: this is an unprofitable company that uses dilution to keep the doors open.
This is not a matter of opinion, but a matter of public fact.
Agreed, L2 is showing some support in the 0.16s, and I have bought a few million in that range. We'll see how much legs a rally might have. Of course it is possible that some further declines might happen, but I am somewhat optimistic.
It *can* be moved up or down, but the reality is that it really only moves up, and the OS goes up with it. Let's be real.
> I do admit some of the moves by the company increasing the share structure was beyond me.
Those moves are basically devastating to most of the predictions about the PPS made by the permabulls here. The smart strategy is to get out before the serious dilution begins. (And at some point it will - the AS wasn't raised for no reason.) I agree that there might be some time before that though.