Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I thought this warranted another post for those that may have missed it before
https://www.reddit.com/r/tlss/comments/igndmn/i_spoke_with_doug_cerny_chief_development_officer/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Nicely played with GAXY
For me, I'm sticking to TLSS as my buy average is in mid 4s.
I'm down but I'm not going to sell at a loss when there is lot of good news on its way. Also GAXY is already up so much I'm not going to be holding the bag. We'll see but I think we're near the bottom if not at the bottom on TLSS. Good luck.
7 Days of Red Since Earnings
Let's go TLSS!!!
Give him a break.
He has a very limited vocabulary.
Great day/price to add to your position
FedEX or Walmart, I'll take either.
All the online retailing business is growing.
The more items bought and higher the growth, demand for TLSS's services will only increase.
My take is that while Amazon was a big and important customer, the void left by Amazon should be easier to fill through partnership with other retailers who will need additional logistical support in meeting the demand on transport and deliveries.
Another reason why I think near 2 cents is the bottom is the conversion price of Bellridge Capital notes was fixed at 2 cents.
Typically, I don't see stock price go below the price of these conversions.
https://www.otcmarkets.com/filing/html?id=14319753&guid=xb76UWsosfbtIth
Yes, but I anticipate news of new client(s).
There is rumor that it is FedEx but only a rumor at this point.
IMO, We are near the bottom and this is a great area to add or start a position.
Uplist news coming in the next one to two weeks
It's only speculation.
John knows it is not preferred by investors.
If he does RS, it will be because it is needed in his restructuring efforts to turn the company around.
His compensation is mostly stock based so he will make strong effort and take necessary steps to see the stock price appreciate.
I suspect until we hear of any news/update, we're going to be bleeding slowly.
It is only a losing proposition if you ONLY take dilution into account.
However, investing in a company involves revenue, profitability, EBITDA, Customer clients, uplist to OTCQB, future outlook etc.
Future outlook is the most important of all considerations.
If John can give investors confidence on improved future outlook based on new clients as well as positive direction in restructuring, the stock will react accordingly. Also if RS happens and its for the right reasons, it is not necessarily bad as it will help attract bigger investors.
TLSS is the only penny stock company that I know with more than $8M in revenue per quarter. There may be others but I'm sure not manny. This is a revenue for a small cap not a penny.
No need to explain what dilution means.
I am a seasoned investor.
But at current price, with restructuring ongoing, I think the risk vs. reward favors the buyers here.
The outstanding debt was from previous management.
People who are investing knows this.
While this may go little lower as part of ongoing restructuring effort by John, I think there is more good news to be had since most of the bad news has been baked into the stock at current price.
It doesn't matter how you put it. They are paying off the debt by share conversion. This is common practice in penny stocks. Ideally you don't want to see any dilution but that's the risk you take.
If you want sound balance sheets, invest in fortune 500 stocks. Your money will be safer but your returns will also be less.
If you want to make big money longer term through experienced management turning companies around where the management is taking the company from the bottom where we are at on a turnaround, TLSS might be that investment you want to invest in. It's higher risk but higher reward.
If you are a day trader, you are looking for volatility and there are other more volatile stocks out there.
To pay off the debt and to restructure the company, I think its par for the course needed by John. Not desired but necessary to bring the company living up to its true potential.
Yup. More good news than bad which should propel the stock to much higher levels. This is not rocket science.
History is bound to repeat again.
Turaround is expected with TLSS.
As far as I can see, most of the bad news has now been priced into the stock.
Now, in terms of news we expect from John going forward:
1. New client(s) update to replace Amazon
2. Uplist update to OTCQB
3. Update on the restructuring and debt payoff
4. Forward outlook
At this point, any spark and we fly IMO
Derivative liability of $69M represents the value of the conversion options on debt with a principal of $1.5M. Input to valuation include expected share price movement. It simply means $1.5M debt is convertible into equity with value of $69M. This signals good news/positive!
The net loss was attributable to issuing shares to pay off the debt.
At least that is my understanding from reading the 8K below.
The Company had a net loss of $67,655,000 for the six months ended June 30, 2020 due to: (i) the loss from operations of $1,961,000; (ii) interest expense of $1,963,000; and (iii) non-cash derivative expense of $69,807,000, which were partially offset by: (i) a gain from extinguishment of debt of $5,969,000 and (ii) other income of $107,000. This compared to a net loss of $6,961,000 for the same prior year period which included a loss from discontinued operations of $695,000. The Company had a net loss attributable to TLSS common shareholders of $67,655,000 for the three months ended June 30, 2020 as compared to a net loss attributable to TLSS common shareholders of $6,961,000 for the same prior year period.
John Mercadante, Chairman and CEO of TLSS, commented, “Due to the success of the restructuring efforts commenced in mid-March 2020, the Company also saw marked improvement in its overall operating performance, including generating for the first time, positive EBITDA from its operating subsidiaries of approximately $551,000 during the three months ended June 30, 2020. Shortly, we will be issuing a shareholder update detailing the specific restructuring measures implemented and the results achieved to date, as well as discussing the Company’s go-forward plans.”
8K Out
This is going higher
https://www.otcmarkets.com/filing/html?id=14339274&guid=w3P6Un_HezcCZth
The REAL Volume will come on Monday
All the bad news has been priced into the stock price.
Any news on earnings beating "expectations," the stock will move up fast IMO. I bought few days ago as I didn't want to be chasing once the earnings comes out.
Earnings tomorrow aftermarket
I can't take credit for this as I saw this from Yahoo Message Board.
Take it fwiw
$TLSS - Mr. Plums shall remain anonymous, so sorry for blackouts, but Mr. Mercadante was quick to reply to me kust now. Here you go. Verified Earnings are tomorrow AH. He isn't delaying because this shit is off the chain!
— Plums (@Plumzzzzz) August 13, 2020
This shit is more exciting than Christmas morning. pic.twitter.com/lKCVN5FRaL
Maybe will be in earnings announcement.
Earnings should be tomorrow?
Also remember it was the earnings that catapulted the stock up to 20 cents starting the run 3 months ago.
I'm expecting a huge quarter for TLSS. With many people staying home due to COVID, deliveries of online items through online retailers like Amazon and other notable retailers likely resulted in record volume and record traffic. Looking forward to updates on uplisting to OTCQB, debt restructuring, and future outlook. If they have a blowout quarter, I'm expecting a big run. Bought now so that I'm not chasing.
No pumping will cause a 71% pop without a good reason.
Short covering is more likely as earnings is around the corner and it was earnings that caused the run up to above 20 cents.
Monday's move was short covering
Yesterday's move was profit taking along with late afternoon overall market selloff.
I think earnings will be telling.
It was the earnings that triggered the run to 20 cents three months ago.
I think we will see the same this time around
What was the main catalyst for today's move?
I saw potential buyout tweet. Anything more solid?
Can you share the link where it shows substantive funding from UBS?
Well said. IMO, $30 is achievable before end of this year.
Maybe optimistic but not outside the realm of possibility based on potential of this stock.
I'm holding.
I agree. If they do get funding watch out.
It will be NVAX all over again.
If they don't, it will be a slower climb but will climb up nonetheless.
I think IBIO has a good chance of getting funding thorough Bill and Melinda Gates Foundation and/or through BARDA and/or upcoming 2nd Stimulus package with funding towards COVID vaccine makers.
There is one simple explanation of the selloffs we have been seeing
We moved up from 1 and 2s to 6s very fast.
MMs are selling off on any strength due to the meteoric rise of the stock price in very short period of time.
They are letting the stock "cool off" until at which time they see fit to drive the price up reflecting the potential of this stock.
I expect NVAX type of move in the upcoming months.
Best thing to do is to buy and hold IMO.
Maybe beginning of short squeeze
If IBIO gets government funding through the second stimulus, there is so much upside potential. They could get funding from Bill and Melinda Gates foundation as well through their relationship with IDRI.