is...retired
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Yeah, for anyone that has never read filings before, they cover every possible happenstance. It's called covering your ass. They all have such clauses. Grow up, read a few, and get with the system, instead of trying to blow molehills into mountains.
They HAVE to mention the negatives along with the positives. Holy crap, some people are totally ignorant of how business works.
Yeah, right. Based on absolutely what? Not a damned thing. Like weather forecasters - probably right about 50% of the time, brag about it when they are right, but don't talk about it when they are wrong.
Happy forecasting.
Right. I'm long, and treat all my OTC stocks that way. I don't invest in anything I don't think will be successful, and in fact increase in value by at least 10X. I've been in GIGL since $.12, and I do think $1.20 is reasonable within a year. That, basically is all I need to be an investor.
Imagine if everyone worked that way. Most trades would not even happen. We'd buy, hold for 10X and sell part of it. Well, that's how I roll, anyway.
Revenge. While digging graves, dig two - one for yourself.
Does anyone, anywhere, actually think a vengeful poster has had even a penny worth of change in a stock price? Of course not - you can't be vengeful without everyone recognizing it and, in time, blocking the vengeful posts.
If you are seeking revenge, you should look first to yourself. YOU chose to invest, YOU did (or did not) do your due diligence, and YOU decided when to sell.
I, as a matter of practice, block all vengeful posters. There cannot possibly be anything constructive for me to read from such posters.
Yeah right. And shareholders at large are reading IHUB for investment advice. Do you not understand that the large shareholders have a direct line to the company, and even help make things happen?
We just see the results of these negotiations, and try to surmise the future of the company, and our investments, as a result.
I don't think major investors, that help change the direction of the company, have even heard of IHUB. As I said, crumbs. If we are smart enough, we can read the signs and make a profit as a result. Or...if we misread the signs, we lose out. For everyone that makes a dollar, someone else loses a dollar. It is simply a matter of being smarter and following the signs.
So, ok, the OTC covers 10,000 companies, each of which may be reporting at least 4 X per year, plus any other public announcements.
Exactly how long do you think it would take such a company to resolve just one of those companies new information? Christ, give things a chance to roll through.
If you think that's slow, write to the IRS. I have. Takes weeks to months to even get a response, and usually it's wrong.
Well, a combination of due diligence, keeping up with the times, and a general knowledge of the direction things are going overall will at least help you have a bit of a vision of what may be to come. No one invests in a company that they expect to be a loser. More fun just to go party with your money than give it away.
But, your 50K shares against my quietly acquired 6M shares tells me that if this company does anything close to what it should be able to do, I will be riding in a Lexus, and you'll be riding in a Pinto.
If you don't believe in the stock, why are you even here? I can never understand why people post negatives against a stock even though they own it. And if they don't own it, what the FK are they doing posting about it at all? There are thousands of stocks on the OTC, if you don't own, and aren't interested why don't you just shut the FK up and go post about something you LIKE?
The paperwork has been submitted, perhaps without a 'lawyer letter' that is apparently still needed. After it is all submitted, it is up to OTC to review, ask questions, process, then report out. I would not expect a final annual report to be posted by the company until it is accepted and approved by the OTC because changes may be required.
Give it a break - this stuff takes time, but it will happen. The 2016 annual report this time is all AMLH. 2017Q1 will be a mixture of both companies. Going further, there will probably be divestitures of AMLH properties, and added revenues from the new company.
Because they went public through a reverse merger with a defunct public company, I would like the CEO to continue to give updates on getting the new company up to speed.
There will be a new ticker, in time. Meantime, the arrears reporting must be completed, at least to OTC, as well as the 2017Q1 soon. Getting current will remove the stop and allow all brokers to trade. That is important.
He is showing that he is giving his attention to getting the new company up to speed. Once it is a going concern (again), I suspect there will be less financial chat and more business chat.
I suspect there will be a sale of some of AMLH assets that don't align with the new company. Below, a description of AMLH's business.
Company Overview
American Leisure Holdings, Inc. develops vacation real estate in Orlando and Florida. It manages and distributes travel services; develops, sells, and manages travel destination resorts and vacation home properties; and develops and operates affinity-based travel clubs. The company also supplies travel and leisure related products, such as ticketing; corporate travel management that includes reservations, profiled service levels, financial and statistical reporting, and supplier negotiations travel packages; leisure sales, including sales to individuals, and travel and vacation clubs; and corporate meetings, special events, and incentive planning. In addition, American Leisure Holdings maintains an online reservation and booking Web site at traveleaders.com, which allows corporate and vacation clients to book airline flights, hotel reservations, car rental reservations, cruises, and vacation specials. It provides travel services through various distribution channels, including traditional brick and mortar regional and branch offices, onsite corporate travel departments, call centers, and Internet-based technologies. The company was founded in 2000 and is based in Orlando, Florida. As of August 13, 2007, American Leisure Holdings, Inc. operates as a subsidiary of American Leisure Group, Ltd.
You haven't lost anything unless you have sold. Same as upside - you haven't made any money unless you've sold.
The stock price tells you where you are, not where you are going.
To check on the 'STOP':
AMLH OTC STOP
Fidelity has its rules. If you don't want their restrictions, choose another broker. I use Etrade, and it has never blocked any trade, even on AMLH.
I think they give you $600 to start a new account, and something like 60 free trades. I pay $4.95 per trade.
Yes, of course. Their last report was through September 2016. We need the 2016 annual report plus Q12017 soon. I don't imagine there is any revenue to speak of at this time, so we are going on hope/hype at this point.
I do wonder, however, just how long it will take the new management to begin actually making money.
The stop sign means the company is not reporting its results and some brokerages won't trade (let you buy) it unless it is current. Fidelity, for example.
Good to hear from a pro, though. And, uh, a real pro would have understood the question, instead of thumping his chest about how good 'stopped' OTC stocks are to trade.
People still go through garbage cans looking for cash, too, but most of them don't find it. The STOP is there to help you not lose money.
Yes, I put a little money into this stock too, but no more until the stop is removed, and there is some actual reporting showing the company is making money. Fluff never made me a penny.
I think it was a real analysis for ICLD when ICLD was in a much better position at 'about' $.87. I looked up the original analysis a couple weeks ago.
STOP on OTC
NSAV STOP
Yes, there is ONE analyst, and the analysis is over a year old, when the current stock price was about $.85. Going from .85 to $6 is not unreasonable. Going from $.01 to $6 is not even realistic.
Please don't post stale reports (that we've seen dozens of times already) as if they are current. It just makes the rest of us crazy.
Since I use etrade, I have no restrictions on trading AMLH. As I understand it, all brokerages let you sell such stocks, but some restrict buying.
Not a very sophisticated view of the financials, which we have not yet seen.
Yes, they sold an asset. Yes, they used the proceeds to pay down convertible debt. (Like they had a choice - there are no shares available to convert!) Yes, the 11M that asset brought in revenue is gone.
That does not mean they don't have higher revenue in core business that would make up the difference. We will have to see, which will be in about another month.
Meanwhile, in the absence of meaningful PR, I don't expect the sp to do anything spectacular. I'm happy I got in where I did, am still way up on this investment, and expect to make several times more this year.
Stop still present:
AMLH STOP
Right - they bought a company for $1M, sold it for $5M, and it generated $11M per year at last count. Yeah, that sounds like a pretty poor decision.
Market cap is simply OS X price of 1 share. How does a change in assets figure in your mind, or are you assuming that selling off non-core parts of the company to reduce debt will also reduce share price? This ain't brain surgery, there are only two terms which are multiplied.
ICLD was 'built' by buying various companies to get a core set of assets that are needed for the business plan. Often, there are parts of such a purchase that are not applicable to the business plan, so selling them is a no-brainer, as it helps to pay for the core parts that are needed.
The leaner and meaner ICLD becomes, and the more the debt is lowered, the higher the stock price will go, and thus the market cap will rise.
AMLH does trade ok on etrade.
You heard wrong.
My computer does not have a problem. Malwarebytes (premium) doesn't block just any site. There is something wrong with ggstudios.com.
Anyone using Malwarebytes Premium will be blocked, not a good thing.
Ggstudios.com is blocked by Malwarebytes. They need to find out why and fix it.
OTC companies are not required to report anything to the SEC. From the OTC site itself:
A Company's Obligations on the OTCQX, OTCQB and Pink Markets
Financial Reporting - Many companies are not subject to SEC registration requirements, and therefore, do not make regular filings of financial information and other corporate events with the SEC. Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure. For a detailed explanation of SEC registration and reporting requirements and the exemptions available from those requirements, please see the SEC's Small Business Question and Answer Page
Corporate Actions - SEC Rule 10b-17 requires all OTCQX, OTCQB and Pink companies to provide timely notice to FINRA of certain corporate actions, including dividends, stock splits, reverse splits, name changes, mergers, acquisitions, dissolutions, bankruptcies or liquidations, at least 10 days prior to the record date. Companies who fail to report such corporate actions in the required time may be subject to fines up to $5,000. For more information, see FINRA's Notice to Member 10-38. For further details, contact FINRA’s Operations Department at 866-776-0800
ICLD stated the RS would be BY OR BEFORE 8/29, at UP TO 4 for 1. If you are going to correct people, at LEAST get your facts straight. It is all published, there is no need for guessing and you just look uninformed when you make claims to the contrary of publicly stated facts.
Yeah, that - the filings - not the fillings.
It appears to me that many on this board either don't understand these words, or don't even read them. It is all there for anyone to read. There could not be so much disinformation, or purely bad speculation, if people just spent a little time understanding what the company has already published for all, publicly.
It is disappointing to me that so many uninformed people make such egregious opinionated claims that have no basis in fact, at all.
How can they be spending money on a stock when they have no understanding of the meaning of the SEC filings? That's crazy! It also means I, and others like me, will probably end up with their money.
And, if they are not invested, why even be here? That's another crazy idea!
After the RS:
Well, this one is due to the fact that they have more convertible debt than they have shares available. The two choices are to pay off the debt, or give them shares. There are no shares, so that is not an option. Paying off the debt would have to come from revenues or selling something. Or new debt with different terms.
What to do, what to do? Oh, maybe have another shareholder meeting to increase the AS. Yeah, that's the idea, increase the AS so the dilution occurs over more total shares. Nice. Not.
Or, reduce the OS - same number of total A/S, but now there are available shares to meet legal obligations for convertible debt. That does not mean the CONVERSION will occur, it means they CAN meet the legal requirement in their debt documents.
So, the RS is REQUIRED just to be legal. It does not mean that the debtors will just automatically choose shares over payments. The conversions are in case ICLD cannot meet the payments + interest. Conversions are how companies ensure they get paid when a company doesn't pay their payments on time.
So, let's see a little intelligence regarding the reverse split here. It is needed to meet legal requirements. It is a better option than increasing the AS. Something HAS to be done, because they are in breach of contract right now.
Upcoming news will make clear what is being done, and why. All this stupid prediction is just that - stupid predictions. Munroe knows how this all works. He wants his own investment to pay off too.
Anyone that thinks ICLD is not working their way out of bad debt and making a profitable company should just sell their shares and move on.
Why on earth would anyone hang onto these shares if they didn't believe that? And, why would anyone stay on this board predicting doom if they still had shares? The answer to that is that you don't own shares and predict doom. As soon as you realize that, you can see who owns shares and cares, and who wants to drive the price down through erosion of confidence.
The due diligence has not changed. No amount of chatter on this board changes a thing. If you invested because of fundamentals, you should only buy/sell because of changing fundamentals. We will only learn of these changes with public releases.
There will be a RS.
It is already approved, and it is necessary to reduce the OS BECAUSE they have convertible debt and no shares to give. That is an illegal situation, because their convertible debt holders are guaranteed that they can be paid with shares or cash + interest.
This is not my opinion. It SAYS SO in the annual report and other SEC filings.
[AMLH is gonna be my next tattoo. :)]
You might want to wait for the ticker change... :)
GLTY learning and growing wiser and wealthier.
AMLH and The Engine - some background on The Engine:
AMLH-The Engine
ER will be released when it's ready, and it is common to file an extension to file. Nothing would surprise me, especially if there is good news that can't be mentioned yet. Last year I think it wasn't released until June.
So, patience is in order. It will come, and then we will have more to talk about.
News will come. Hopefully, more than one item in the PR.
I've noticed how people get excited and buy when a stock rises without news, and sell when it falls without news, no other evident reason present.
As has been said many times, the stock market is a mechanism to transfer money from impatient people to patient people.
Buying on dips makes sense - just a better average. But going crazy buying or selling on strictly what the stock is doing at the moment is crazy - if there is no reason for it to go up, there is no reason for it to stay up! Likewise down, except those represent buying opportunities.
Of course, this all goes toward stocks in which proper DD has been done. If the fundamentals are good, and no negative news has come out, the fundamentals are, uh, still good. Such is the case with ICLD.
No, not a stock price, a buy rating between 1 and 5. 2 is a buy, 1 is a strong buy, etc.
A buyback would imply they have cash to spare, which they do not.
Buying back stock just so debtors can get it at a discount is simply never going to happen. No one is that stupid.
They use their cash to pay off debt, not buy their own stock.
That's funny.
The target right now is 19+ mil ICLD. I had to create a position in $AMLH and had no cash left, so I sold 3 mil ICLD. I will have 10M amlh soon. And just for the curious, my other promising investment is GIGL. Those are the only three OTC stocks that I am participating in at this time.
Each of these shows tremendous potential, any one of which could make one independently wealthy, if properly invested.
I made one misstep with ICLD where I expected it to top out a little higher, at which point I would have sold enough to recover most of my investment. It didn't get there yet, so I didn't pull the trigger. (10X on my lowest, at $.012) So, 12 cents would have triggered my first sell.
Alas, it didn't get there, so my strategy had to change. I'm still holding ICLD long, but selling enough at a profit to increase my holdings in the other two. I absolutely expect my ICLD to provide the return I originally expected, but obviously not as quickly, so some of the investments in ICLD had to be reversed to get cash for the other two.
Share buybacks, and dividends are how companies dispense excess cash. You don't buy back shares when you have convertible debt. Every share you buy back at market price would disappear into a convertible debenture at a discount. Might just as well throw the money out the window.
Of course - a minimum of 90 days, and possibly more with extensions. Common knowledge, if you simply look up the reporting requirements for OTC. What you will find is that there is no requirement at all for OTC.
But not reporting to the SEC will not get you back on Nasdaq, which is where they should be targeting.