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You obviously don't know the stock or the management.
If you've done the DD, you would know otherwise.
I see lot of similarities.
TLSS has lot of room to run no doubt.
It can happen. Look at what ALPP did just recently.
Granted it has less shares outstanding but revenues are not too far off compared to TLSS. It went from 5 cents to $4.40 in less than 1.5 months.
Anticipating a Big Volume Day
March towards .27 continues
Headed higher
Slow and steady march to near term previous high of .27.
It's coming IMO.
Sideways trading and high volume on up days are very telling.
Based on what I'm seeing on price action and technicals, I'm very bullish.
Yesterday and today were buying opportunities.
This will likely be the last time we will be under 4s IMO.
All aboard!
Today and tomorrow are great buying opportunities
I'm actually glad to see some profit taking as it was going up too fast.
Little pause and some pullback is healthy for the longer term climb.
IMO this is headed to the previous high of .27. Likely will run past it.
Why? Because:
1. Debt has been paid
2. They will continue with new acquisitions
3. They will likely be uplisted to OTCQB in the next 30 days
4. They are working towards uplisting to NASDAQ by October of this year as mentioned in 8K which means they will have to have their financials in order
5. I expect to see new contracts/customers to replace Amazon
6. If we get lucky, there may be news about extension or new contract with Amazon as well. I do expect more good news to be had in the upcoming months.
I have been seeing lot of sideways trading indicating accumulation.
Price is too low to attract any big investors yet but retail investors and maybe small hedge fund investors looking for high risk/reward maybe taking a small position before the new year, just my thoughts.
I see TLSS on a steady climb past previous high of .27 in the next 3 to 6 months.
Added last week. 1.3M shares and holding.
May We All be Prosperous in 2021!
I hope everyone immunity from COVID from safe and effective vaccines and wealth from TLSS!
Take this for what it's worth
This poster believes we will see uplisting to OTCQB.
https://www.reddit.com/r/tlss/comments/knqvgp/8k_section_421_otcqb/?utm_medium=android_app&utm_source=share
Whatever happened to Air Force Contract in August?
I left this stock in June when I had lot of doubts about Conway.
Looks like it was the right move.
The Company owns or leases an aggregate of approximately 256 trucks or delivery vehicles and employed 588 drivers who worked in shifts that allowed us to utilize most of our transportation equipment on a 24/7 basis. GRC Trucking is also now a wholly-owned subsidiary of TLSS and adds 20 more drivers with 32 trucks total. More FedEx, UPS and USPS point deliveries.
Both Prime EFS and ShypDirect are providers of logistics services for FedEx and UPS, including “last-mile” deliveries to residential and business to post offices.
In November TLSS entered into an asset purchase agreement to acquire substantially all of the assets and certain liabilities of Cougar Express, Inc., a New York-based full service logistics provider specializing in pickup, warehousing and delivery services in the tri-state area. The transaction is scheduled to close no later than January 15, 2021, subject to the completion of satisfactory due diligence by the Company and TLSS securing financing for the acquisition. According to CEO John Mercadante, “We are very excited about the prospect of joining forces with the Cougar Express team, a profitable, family-run business with a successful 30-year history, diversified and loyal customer base and stellar reputation. We believe that this is an ideal complement to our current business and provides opportunity for organic expansion.”
TLSS has been moving steadily higher in recent trading and volume has been increasing steadily topping $700,000 per day in recent dollar volume. TLSS saw a spectacular rise to highs of $0.27 earlier this year and Investors are looking for a comeback to previous highs. The Company is doing huge numbers; for the 9 months ended September 30, 2020 TLSS reported $23,503,000 in sales putting the Company on track to easily top $30 million in sales in 2020. The increase in sales was due to the Company’s expansion into new markets in Florida, Georgia, Ohio and Tennessee. securing new business, a full nine months of operations in its box-truck line of business. securing Payroll Protection Program loans which provided the funds needed to enable the Company to maintain its level of employed drivers to meet the increased delivery demand of its primary customer during the height of the COVID-19 pandemic. John Mercadante, Chairman and CEO of TLSS has led a restructuring effort which includes cleaning up the balance sheet, improving operating results to better position the Company for future growth, as well as up-listing to the OTCQB® Venture Market where the stock will be significantly more attractive to investors.
https://microcapdaily.com/transportation-and-logistics-systems-inc-otcmkts-tlss-surges-up-as-shypdirect-prime-efs-and-grc-trucking-gain-traction/129234/
IMO, 8K is good
It is simply profit taking on the news after 6 straight up days.
I am of the belief this is healthy profit taking and cooling off from overheating before the next/gradual climb up.
I agree
This is not a pump and dump but appears like it has legs for longer term climb - we'll see
I think it will more likely be like ALPP
There still seems to be lot of shares being unloaded
Likely some are still converting but also could be from short-selling, or from company selling shares. It is holding back the stock.
I prefer slow and steady climb over a quick spike and crash.
I think those that know the company and management believe in the longer term outlook myself included. Holding out for the big payoff when this stock really starts climbing. All the bad news has been baked into the stock price IMO. Lot of good news to be had.
Merry Christmas and Happy New Year!
John Invested personally 2 Million Dollars.
John Mercadante, Chairman of the Board, President and Chief Executive Officer John cofounded Leisure Line, Inc., a motor coach company serving New York City and Atlantic City, New Jersey, in 1970 and served as the Chief Executive Officer for a ten year period through the sale of the company to Golden Nugget in 1980. At the time of the sale Leisure Line was generating approximately $11 million in annual revenues. In 1988 John cofounded Cape Transit, Inc., a motor coach company servicing Atlantic City, Philadelphia and South New Jersey. Under John’s leadership as CEO, annual revenues at Cape Transit grew from $2 million to more than $11 million. In May 1996, Cape Transit became one of the founding companies of Coach USA, Inc. and John Mercadante became Coach USA’s President and Chief Operating Officer. Coach USA had over 70 acquisitions during the three year period following their 1996 IPO. John was an integral part of growing Coach’s annual revenues from $100 million to over $1 billion in revenues in just three years. John has personally invested over $2 million in Prime EFS.
Doug Cerny, Board Member, Chief Development Officer Doug joined the Company in April 2019. Doug was the Senior Vice President and General Counsel of Coach USA, Inc. A major portion of the acquisitions completed by Coach USA were through the teamwork of Doug and John Mercadante in conjunction with personnel experienced in financial, integration and human capital management. Doug has extensive experience in mergers and acquisitions and business transactions.
I've Seen This Game Before
This is going to be slowly taken down to a penny or lower in the next couple of months.
Factors at play IMO:
1. Conversion still taking place
2. Shares being shorted
3. Company may be selling shares
Shares are still being flooded and sold at any signs of strength.
Looks like the latest climb was a head fake
Expecting this to slow drip back down to a penny
Endless deluge of shares still being flooded
I think this may go the way of ALPP
Great entry point. We are still at the bottom IMO.
Why This Will Trend Up Steadily
1. Most of the conversion is complete
2. Restructuring is making positive progress
3. Holiday season to boost shipping volume
4. Focused on growth through acquisitions
5. Oversold - stock price and market cap is cheap
6. Chart/Technicals indicate buying opportunity
GLTA
Will This Go The Way of ALPP?
Just might with some positive catalyst and news along the way.
The Company owns or leases an aggregate of approximately 256 trucks or delivery vehicles and employed 588 drivers who worked in shifts that allowed us to utilize most of our transportation equipment on a 24/7 basis. GRC Trucking is also now a wholly-owned subsidiary of TLSS and adds 20 more drivers with 32 trucks total. More FedEx, UPS and USPS point deliveries.
Both Prime EFS and ShypDirect are providers of logistics services for FedEx and UPS, including “last-mile” deliveries to residential and business to post offices.
If Amazon signs long term extension, stock price will take off IMO
They need to announce new business or extend their business with Amazon or both then stock will really fly.
It is pretty clear this is being taken lower.
Tomorrow will likely be the day this goes under a penny.
There doesn't appear to be any end in sight.
So much selling pressure
Even when there is so much buying, there are deluge of shares being dumped
Conversion, shorting, and possibly company selling shares
I think we see sub penny tomorrow
Sad.
Tomorrow, we will likely see sub penny
Deluge of shares being unloaded
There are lot of shares being bought but they are getting taken out with deluge of shares sold.
I think there are three things that are likely in play.
1. Shares are still being converted
2. Shares are being sold short
3. Company could be selling shares
There is just non-stop shares being unloaded.
Here comes the penny
Agreed. Price at this level is ridiculously under priced/valued.
Even with the large number of shares from this restructuring efforts, yesterday's earnings report shows compelling progress.
People that are converting to shares and selling shares now are short changing themselves IMO.
Restructuring Efforts Paying Off
Better numbers than I was expecting
John Mercadante, Chairman and CEO of TLSS, commented, "After having achieved operating subsidiary profitability for the first time in the second quarter, the negative impact of the sudden and unexpected cancellation of our Amazon Delivery Service Provider ("Amazon DSP") business began to materialize during the third quarter prior to its actual termination. Even with that, year-over-year operating losses were 64% and 73% lower for the three months and nine months, respectively, due in large part to our successful restructuring efforts. Our goal remains the same, to identify opportunities to profitably grow our business through strategic acquisitions and organic growth, which we believe, would have a positive impact on shareholder value."
Revenue for the three months ended September 30, 2020 decreased $1,449,000, or 18.68%, to $6,310,000 as compared to $7,759,000 for same prior year period. Such decrease was due primarily to the reduction in the Company's Amazon DSP business amidst its notification in July 2020 of the termination of such Amazon DSP agreement as of September 30, 2020.
The Company had a loss from operations of $1,172,000 for the three months ended September 30, 2020, which is composed of losses from: (i) its operating subsidiaries of $553,000 and (ii) the parent company of $619,000, as compared to a loss from operations of $3,290,000 for the same prior year period.
The Company had net income of $35,602,000 for the three months ended September 30, 2020 due to: (i) non-cash derivative gain of $37,826,000; (ii) gain from extinguishment of debt of $907,000 and (iii) other income of $92,000, which were partially offset by: (i) the loss from operations of $1,172,000 and (ii) interest expense of $2,051,000. This compared to a net loss of $11,361,000 for the same prior year period. The Company had net income attributable to TLSS common shareholders of $35,602,000 for the three months ended September 30, 2020 as compared to a net loss attributable to TLSS common shareholders of $12,342,000 for the same prior year period.
Financial Results for the Nine Months Ended September 30, 2020
Revenue for the nine months ended September 30, 2020 increased $1,839,000, or 8.49%, to $23,503,000 as compared to $21,664,000 for same prior year period due primarily to: (i) the Company's expansion into new markets in Florida, Georgia, Ohio and Tennessee that were not operational during the first and second quarters of 2019; (ii) securing new business; (iii) a full nine months of operations in its box-truck line of business that commenced in February 2019; and (iv) securing Payroll Protection Program loans which provided the funds needed to enable the Company to maintain its level of employed drivers to meet the increased delivery demand of its primary customer during the height of the COVID-19 pandemic; but which was partially offset by the reduction in Amazon DSP business during the third quarter, as discussed above.
The Company had a loss from operations of $3,920,000 for the nine months ended September 30, 2020, which is composed of losses from: (i) its operating subsidiaries of $441,000 and (ii) the parent company of $3,479,000, of which $2,000,000 is attributable to non-cash stock-based compensation and consulting fees as compared to a loss from operations of $14,751,000 for the same prior year period.
The Company had a net loss of $35,506,000 for the nine months ended September 30, 2020 due to: (i) the loss from operations of $3,920,000; (ii) interest expense of $7,168,000; and (iii) non-cash derivative expense of $31,836,000, which were partially offset by: (i) a gain from extinguishment of debt of $7,151,000 and (ii) other income of $267,000. This compared to a net loss of $37,970,000 for the same prior year period, which included a loss from discontinued operations of $681,000. The Company had a net loss attributable to TLSS common shareholders of $54,202,000 for the nine months ended September 30, 2020 as compared to a net loss attributable to TLSS common shareholders of $38,952,000 for the same prior year period.
Subpenny coming soon
I knew you were sarcastic.
Whether his claim is true or false, this management has been terrible in keeping the investors informed. Whatever credibility it had at Coach has been lost at TLSS (thus far). They don't have much to go to lose their credibility completely. At this rate, this will go sub penny in no time.
Disappointing.
It would be good to see some official press releases that has teeth not hearsay or second hand information with someone talking to John or others in management.
Management's Silence is Deafening
Sad
Sharks are smelling the blood now.
Silence from management is deafening.
New Doug Cerny call
I saw this post from Yahoo TLSS board.
I cannot confirm the authenticity but thought it was interesting read.
Take it for what it's worth.
"Ok! Sorry about that delay guys.
So it was a relatively quick call. He told me he has been traveling for tlss business for a few days, and seemed ready to relax so I didn't press him too much, but here's what I found out:
Lawsuits: Many have been and/or are being settled in their favor. The mazzola lawsuit in particular is still active for now yes, and he said that they wanted to get out of NJ court because (besides getting out of the plantifs home court) federal judges are much more no bull, and won't tolerate someone just suing to see what sticks. -despite this, they are trying to only do PR on things that are done and finalized. Don't look for forward hopes and dreams PR here.
I think we all misunderstood the FedEx thing in a way. They do have a contract with them for doing essentially overflow work, and yes they are hiring for it. They are currently negotiating with them on becoming an official FedEx delivery logistics company and in talks with other peer companies to themselves about purchasing FedEx route/zone rights in certain areas. Lots of regular business lined up in the pipe.
Taxes: they knew about them. But, when they made their decision to take over, their plan was to file the taxes when they had the breathing room, both in capital and human resources. And since the worst that could happen were some late fees, thats what they did. I don't like that I didn't know about them, but honestly, I didn't check myself to even see if I could find out for myself, or if they told us in numbers in an 8 or 10k. The PPP loan shouldn't be effected, and Doug said he saw the tax filings go through to where they needed to a few days ago. So its a shut case now.
Dilution: Doug told me that the shares being entered into the market are "mostly warrants being converted" and not tlss selling new shares, THATS a big reason why they filed for so many to be authorized. He also said they are almost done being issued. Dilution is done soon.
New outlook: besides the FedEx stuff, they are very close to at least one acquisition, they also have investors who have told tlss management "you bring us the right deal, and we have our checkbooks ready" to back an acquisition deal. He said they are "getting ready to see how truthful that is" but seemed positive about it.
They are basically already doing everything they can to capitalize on the surge for covid holiday time.
Reverse split: both he and John both have said it will happen at some point, but they have no idea what price or when that might be yet, I'd say their attitude is sort of "we will cross that bridge when we get to it". I would like to stress here that some people think this means they don't care about the investors, because they aren't obsessed with the day to day stock price. They care about INVESTORS by fixing and having their attention on the company itself. They are skeleton-crewing this with lean overhead. They both are wearing multiple hats here. But the overall take away here I think is that they are having small but solid successes, and it seems they are gaining momentum and bigger things are now possible and soon to be hopefully coming to fruition a bit. Then they can build off of that etc.
There were some other good questions I would like to ask, but nothing so much as I did ask, as he seemed ready to get off the phone. But he was kind and polite and sounded like he was honestly working as hard as he could for the company plainly. I'll try some others another time soonish.
Tldr: seems the holes have all mostly been repaired, they got some fuel, and they have now turned their attention to the actual direction we are headed and we are underway slowly is my assessment on my conversation, though that is my opinion."
Also backs up the likelihood of them coming out with an announcement with new partnerships and/or clients to replace Amazon.
Silence will be broken.
Doesn't take rocket science that TLSS will benefit from this as many have said all along including myself.