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I agree. We didnt see the insane volume amounts pouring in like the MJ stocks did. We just organically trended north as more and more news painted the picture of whats to come here.
Booo hiss booo.
Let er rip! ;)
Much of it was, and some of it was cash payments as well in Q4 as far as I remember. Q2 and q3 involved some writedowns i think. But were splitting hairs with these dollar amounts and where what goes. Revenues are starting to skyrocket, and that debt that was written down could have been made with cash easily this year.
Current 362% QoQ growth + automated, lower fixed cost, already profiting as of Q4 business plan = happy US ;)
MYEC
Ugh. I really dont want to go back and dig up the numbers. Either way, we paid debt down with our profits, not other debt, and well be debt free within the first half of this year. There isnt that much left.
Lol nice. IMHO out of the billion float i can see a couple hundred million being retired overtime before it becomes too inefficient and pointless to do so. I also think its possible, but not required, that Mr. Starrs retires a similar amount. Other than that I just dunno. But either of those moves will be huge not just because of the obvious share structure benefits but asa massive show of strength.
Accumulated deficit and debt are two different things. We profited last year but used that money to pay down the remaining debt, of which little remains. Were bringing in waaayy more in revenues already then we are paying out in expenses. Thats how we were able to pay down that debt last year, with our profits.
Oh i could definately get down on a buyback. I suspect thatll definately happen. I think theyd start with that and switch or add a dividend years down the road. A buyback can start at anytime.
Oook so 240k*4 = 1million. But these numbers are a mundane detail imo. It was just me stating how weve become decently profitable with a speck of market penetration.
How about we take our 362% quarterly sales growth, chop it in half, and run the number out 5years then tack on a hyper growth PE ratio. We dont even need to add the fact our profit margins will be much higher becauseof a lower fixed cost load.
The CEO himself said exponential growth
200% growth in Q1 gives us 400k, 800k, 1.6mil, 3.2mil Revs end of 2014.
7.4, 14.8, 29.6, 60million revenues end of 2015.
120mil, 240mil, 480mil, 1BILLION in revs end of 2016.
Etc etc etc. If were doing a billion in revs and u throw in a PE ratio we have a multi dollar PPS.
Obviously growth will have to slow over time but you can see how fast it compounds on itself. I basically halved our current growth rate and got these numbers in only a couple years time.
MYEC
Nonsense. The share structure is completely fine. Those who knock it are missing the big picture completely. We will be a multimultibillion dollar company which puts us in dollarland. There are numerous big board stocks with waaayyyy higher share structures.
If we change it then going to a buck loses its coolness by whatever ratio a reverse would be. Im interested in overall market capitalization, and that is stationary no matter what share structure we end up with. And our market cap should end up being nearly unprecedented IMO.
We have the key to the door of the fastest cheapest safest way to MOVE MONEY. Demand will snowball with awareness. Its a dream scenario.
MYEC
Again, yes it will cost money, but its all relative. If other businesses can afford doing these things than so can we, again much easier because the heart of what we do is automatic. I understand that automation is part of the reason we can charge such cheap prices, but with the explosion of payments coming to the world the sheer volume will make up for any of that IMO.
Theres never, repeat never, been an opportunity like this because their has never been the tech OR the market we have at this current moment in history. We just have to look at the other entities like Facebook, Instagram, etc. To see where we are going and just how fast. They have gigantic valuations and still need to work on monetizing, whereas we are doing that right out of the gate with the people we "sign up".
Of course they have overhead, but as a PERCENTAGE of revenues it is, and will remain a paltry sum in comparison to other industries. As our revenues go up, fixed costs as a percentage tend to decrease, not increase.
Our business plan is unprecedented in its capabilities, and will bear itself out over time. The operation we have in place, the service we provide, is fully automated where in other entities they have humans doing the "work". The upkeep, the development of our service, is and will remain almost nonexistant. It just doesnt take that much money to design or upkeep Apps and such.
yes we will have storage facilities and sales teams etc, but our personel will cost a fraction as we wont need nearly as many around being the meat of the business is automatic. The storage facilities will likely be our only input that is comparable to other businesses IMO.
4Q was $170ish thousand in transaction revenue.
Yea i gave it 5-10year window. Thats an eternity in the modern day business world.
I think youll be pleasantly suprised. One of the reasons for dividends being that percentage youve listed is because their are higher fixed costs in other businesses. With a profitability likely many times higher than typical companies we can throw out the history books on dividends IMO.
MYEC
There were up front licensings fees in there as well.
Just a matter of time!
Absolutely. it just depends onnshare structure and profitability. If/when we start pulling in billions in profits, well need to do something with that money or itll pile up Apple Style (hundreds of billions cash on hand). And our infrastructure is nonexistant compared to any other industry BY FAR, which limits the neccesary places needed to spend revenue. A buck a share per year is $3 billion in profits they dont know what to do with.....totally within reason. Andthis way, Ed wont have to sell his shares and can live off the dividend payments alone.
We made a million bucks in half a year on a SPECK of transactions.
Drumrolllll 700 MyStocks
50-100k is possible IMO. I see dollar dividends per year down the road.
Meeeee toooo
I am too, but not because of that analyst from CNN. Thats years old and based on a dif share structure. But if things come to fruition here its not impossible to see that quarter TRILLION valuation that 75bucks a share represents. 5-10years away though. When you get that high were talking about becoming one of the largest market caps in history.
But if anyone can do it in rapid style its MYEC. Automated rampup and insane profitability.
Bravo, follow #6
If it goes that fast we are gonna know it!
Ah comeon! Hate?! Hes such a doofus and doesnt take himself seriously even, that hate is too strong IMO ;)
Nice post though. All fuzzy from the Mj stuff. And anyone exposure is good exposure.
INTUIT QUICKBOOKS BISNITCHES. We are underestimating that DEAAALLLL
Ohhh spit
$$$$$$$$$$$$$$
Holy crap really?
It seems impossible to dodge
All this DROW hodge podge,
But I dont give S#!+,
theyre the idiot,
Their posts are just a mirage.
MYEC
Just because we clear that amount doesnt mean thats what we make revenue wise. We typically make like one percent or less of that. But even so, itll be absurd the revenues and profits we see.
MYEC
Its promising other than the predicted heel dragging by the banking entities. They completely dislike one alternative and propose changes to the other. I was getting bogged down hard trying to read the trail of BS....need a break before i tryagain lol.
Whoops wrong board
Gee what a shock that the bankers are dragging their heels on both "alternatives".
Gee what a shock that the bankers are dragging their heels on both "alternatives".
Insanely good
Yup. I called him out on his selling while it was happening and he just ignored me. Its entirely possible he does still have a piece of his position, but its the whole "im 100% positive were going to .25 and im in it for the long haul" vibe followed by dumping his shares that irks. People are free to do whatever they want however they want but it doesnt make it ok IMO.
Hes basically USING his followers under the guise of helping them when you transfer over to that type of mindset .
MYEC
Yea, theres been big ttrades every day for awhile now. We are looking ready to bust out soon IMO.
Either way, just a matter of time
Yea compared to my shotgun blasts you esentially called in an airstrike ;)
Boom on the ask. Runnin out of shotgun shells.
MYEC
The epitomy of talking out of both sides of your mouth as well as some other, more smelly orifices. IMO.
MYEC
Indeed.