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I guess you can get away with that since its "imminent". You would think that you would have dropped the news coming soon rumors by now but hey, it's your reputation on the line
Doubt it. There is no Christmas presents here
Depends on multiple factors. 1) are the contracts universal or individually drafted? 2) if so, what are the terms of agreements for contracts? 3) is there a termination penalty and what? Ect.
Sounds like they realized that their business plan was flawed and costing them money so they are drafting a new contractual agreement. Now I could be missing something but I think contracts upon freight is a much better idea than reliance on consumer facilitation.
To answer your question, No it doesn't mean that revenue will be over 4 mil just by itself. However, it is a safety blanket for the company and a good adaptation at that
Financials still speak louder than potential. Most people really don't care that all those states are now legal. If the company isn't taking advantage and putting up good numbers than there is no reason to rush
It's a thing of beauty isn't it
Been saying that for a long time but people chose to believe a rumor starter poster instead of looking at the history. I'm still a believer that he is using this shell to move money and every investor is helping his scheme but that's hard to prove
Way to flip the books...
Here is a fact- One year ago I went to best buy and I was looking at the item racks for a graphic card. I had no idea what to look for, and after seeing the price on those suckers I wanted to get the best bang for my buck. When I was looking through at them I saw a bunch of AMD and Nvidia. Now I had never heard of AMD before and I had recognized NVidia from somewhere. I went with the nvidia card because I had seen the name before therefor it became an assumption that they were the preferred brand. That's advertising working right there and that put $325 dollars on NVidias revenue sheet. To say that targeted advertising is insignificant it pretty far fetch. I challenge you to check yourself and make you are not the one in denial before posting again
I think you need to learn what facts are again then
No you arguing with me. I don't think you know what you are arguing about anymore. All I was saying is esports will be a great way to build their brand name and I have no idea where you are taking the argument
Last I heard the cars only accounted for a small portion of their income. AI I'm sure is more on an expense rather than source of income for now (research). Gaming is their main source of income and will continuously bring in solid profits as long they maintain the apple business model and release new (barely better) products every year.
Ok well I'm starting to think you don't really know what you are talking about so I'm gonna stop talking to you now
Wow 20 million traded in the first hour
Well I don't know about counter strike but other games such as overwatch fps definently matters. Sure people don't ask the specs but that's because, like you said, it's displayed under the stream. The only reason they ask for mouse/ keyboard is because they are not part of the specs and the streamer often doesn't show them.
Either way that has nothing to do with nvidia sponsoring esports. The thing is, esports are so new that they are getting a huge plus to their brand name while spending a portion of their advertising budget. They are doing it right, you can watch as AMD follows NVidias business plan. They are doing it right and it shows in their financials so I don't know where you are coming from.
Ps, I am very familiar with the twitch atmosphere. My buddy is one of the top streamers over there, goes by sodapoppin
That's not true at all. The mouse and keyboard are cheap, pushing maybe 100 for a top tier item. My 960 was pushing 350 but also allowed me to surpass 60 fps consistently. They do far more than just get their name out there by sponsoring esports. They sinc their games to have the best performance through their GeForce experience. In fact a lot of games display the nvidia logo on the title screens.
Their bread and butter is gaming, to say that esports isn't a good thing is just plain ignorant
Oh yeah I'm not arguing the current pps. It's up almost 30 dollars from 1-2 weeks ago which is no small endeavor for a stock of price. However, I do stand by building the brand name up for future growth
Depends. I think that a lot of these countries probably have never heard of nvidia but when they see all the pros using the cards + the nvidia brand name everywhere, they will be inclined to look into them. Then again, nvidia has taken a huge chunk out of the market and eventually you will saturate the market and level out
Advertising of course. It's the same concept of companies that sponsor sports teams
Yeah, it's often in small blocks. Now I can't say for sure since I'm not watching L2 but if nite is there I wouldn't doubt it
There is a 2m note out, it could always be dilution
I really like how nvidia is positioning themselves in esports. The market that is being created in esports is growing huge and quickly. With Mark Cuban backing the games, it's finally gaining the stage this last year. Nvidia is a backbone to esports so far and now they are the go to brand for increasing your gaming experience. $$$$$
It's not MMs, it's just normal trading. The MM bs is just a scapegoat
David Ross at the plate?
I mean, yeah I'm proud that he can take a stand for the people but we're so conservative down here. It always gets shut down but it doesn't really bother us too much because most people turn a blind eye anyways. Texas will be one of the last states along with Oklahoma but I'm and advocate
I feel you. They are awfully pricey. Either way, hope you bought the large dip, the Bulls are back in business
Actually, I'm from Austin so I know exactly what I'm talking about. Willie Nelson always puts up a respectable number
Or they can vote in willie Nelson finally
This happens all the time. It never passes
Why? As already mentioned the 4th quarter is going to be when the consumer rush comes in. Majority of the gamers are teenagers and will be looking for nice upgrades to their system come Christmas time. Plus, esports is becoming a big deal and quickly. Another plus, virtual reality headsets are just now picking up steam. If you ask me this market is already huge and is still growing rapidly. Until nvidia can come out with a graphic card that displays reality (won't obviously), there is always going to be a demand for the new GeForce. I currently have a 960 and am looking to upgrade as well
Probably not that bad of an idea. Honestly both the companies are some of the best options on the market. Nothing but growth
NVidia is killing AMD which is really their only competition. Although I did hear AMD is coming out with their "game changing" product but we've all heard that one before right
That's not really the point. Yes Surna is generating increasing revenue, but if you go into the 10-Q you can see that it came with a lot of factors that can't happen every Q (such as budget cuts). At current production/installation rates, that net loss is going to continue to accumulate.
You just assumed that this 2m note is the final note that the company will have and once it's over Surna will just be "golden". I don't really understand that logic so correct me if I'm missing something but I still am an advocate for the company to make big changes and match their rising star capability in an emerging market. Let's be real here, there may not be much competition now but it's a billion dollar industry, there will be a lot more to come.
Surna still has a long way to go but the potential is well there. I would be ok seeing another 2m note if that means Surna can increase output ratios and build up their name through higher frequency.
That's saying they don't have to take out more loans. Once again they have 12 million net loss over the years. That takes a lot to overcome, way more than your dumb tax cut idea
I wouldn't say they are amazing things. Sure there is a tax write off, but there are a lot of better alternatives. Yes California will play a bigger role but surna still needs to get their name out there (which they cut the budget by over 80%)
I see where you are coming from but that's talking way down the line. There are so many factors that come into play on these niche companies. Competitors will attempt to build technologies to make the Surnas current technology obsolete. They have to increase production and continue research to be major competitors. Just being the early worm can only get you so far
There are a lot more factors that would change the outcome but that's getting to far ahead of our selfs. What matters is srna is increasing revenue even though the majority came from budget cuts. It's all process, but they do have time working for and against them
You are right. I didn't have a valid point i was trying to make other than my screw rainmaker mentality. I apologize
By connotation, I mean (positive vs negative). Shares sold into the market count as a form of revenue, however shares can also be exchanged in exchange of debt. Its something that I would have to see the next Q and % swing to better understand.
My point isn't that this is a bad company it was simply a counter argument to rainmakers obscure comment
Once again, that was just a copy and paste of the 10-Q from a post I did over a month ago. I am at work. I do not have the time to go into the 10-Q and find the specific section he is referring to
Ok I'll give you that. I used the word debt instead of netloss. Regardless, they are essentially the connotation
All I did was copy and paste the words straight out of the 10-Q
Not even close? What a joke
Conversions of promissory note balances to common stock- 889,905 (August 15 10-Q) shares issued- 17,888,828.
Deficit in working Capital of approximately 3,465,000 as of June 30, 2016. Additionally, the company has generated cumulative net losses of approximately 12,514,000 during the period of inception through June 30, 2016.
Revenue increased to 1,891,000 as compared to 1,678,000. (13% increase)
The decrease in advertising and marketing expenses from 93,000 to 29,000. ( 69% decrease and a bad plan in my opinion)
a net operating loss of 1,450,000 compared to 2,395,000 6 months prior
Preferred stock: .000001 par value 150M authorized 77M outstanding
Common stock: .000001 par value 350M authorized 145,268,135 and ,125,839,862 shares issued and outstanding, respectfully.