watching
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I am more concerned about the many potential conversions that have no floor due to default terms or lower pps issued stock in the latest 10Q. ICLD may be holding but the rest of the note holders probably will not.
FYI - for those of us who had Scottrade morphed into TD America, be sure to verify your cost basis again this year. I had to go back to 2015 beginning for SGSI month by month to recalculate it and found a 45% excess capital gains. I had previously checked the basis long ago and updated it online manually but apparently it does not necessarily carryover to the 1099-B.
GLTA
I call it informative transparency to assist those who can not take time to listen to Red Chip. As a former Public Accounting Firm owner I have my own experience to form an analysis as to what I would like to see and what is/is not there now. We always hope management will pay a little attention to what is offered here... Choose your own path.
GLTA
RedChip Interview like before: Promote company strengths. No mention of financing, convertible debt issues, timeframe to get operationally profitable, nor the latest TNS acquisition. It must have been recorded a month ago since a $32 Mil revenue level was mentioned. If it gets outside interest, great.
I ask myself, if revenue goes up 25% by acquisition and dilution caused by convertible debt goes up 100% due to lack of cash or ? to payoff contracted loans, what have I gained? How long before a significant amount of contracts become profitable and will the client price increases decrease revenue? No good answers to this visible...
Sigh. Must I wait another 2 years?
CHeck with your broker. Market shows no restrictions...
Normally an accretive acquisition sends pps soaring. No so here since 2017 when the R/S killed enthusiasm and the so called need for it never materialized. More convertible debt is not the answer for any more acquisitions. Digestion of existing operations to make them super profitable quickly and be able to absorb the painful financing terms without dilution is part of what is needed.
USE the 5 mil loan recently arranaged to payoff all the existing convertible debt, MANAGEMENT !!!
The SGSI 10-K provides all the information one needs to understanding its financing progress for those who care. It does not need your FYI. For myself, I compiled a detailed spreadsheet of both ICLD company(s) sells and transfers along with outside institutional financing, whether with or without conversion. THis analysis includes original notes, terms, scheduled paydowns, sales of partial loan to 3rd parties by ICLD, interest, dates and rates of conversions, derivative valuations and potential dilution, among other things. It tells its own story along with the asset and cash flow trends.
I have made my own decisions. What is your interest here?
Typical Games... My current bid without restrictions is much higher than what shows or even what 99% bought pps in the past week. Sophisticated traders have the tools to see all offers... so, games a foot while we wait.
The current PR is buying time and investing in promo exposure for a future push based on progress, AIMHO.
We shareholders are paying through the dilution nose to do this. Amateur business stuff...
DREAMING... THIS PROMO IS PART OF THE UNBELIEF
MORE DILUTION AND DELAYS... EH?
SICK PPS... thanks the dilution management!
The selfish share issuance of late, the ongoing convertible debentures this year, the silly pumpers, all resulting in dilution and unprofessional approaches with no end in sight. The future looked decent until recently with hope for an acquisition or (better) a buyout. Anyone can multiply a company with debt on the backs of shareholdlers, but the LTV approach soon comes to a sad end. I was hoping for a change in attitude in the webinar...
How about more value per share? Anyone want my shares at $26 break even?
WEBINAR:
1. Nice professional looking charts and execution of interviews.
2. Talk was general with no strategic financial insights not already available.
3. Hinted at "flushing" out old convertible debt but not enough information to determine % thereof nor how.
4. My/EcoMike's submitted questions (7) were not specifically addressed which were profit and dilution issues.
5. Adequate reminder of operational potential but no timelines of gross margin improvement, etc.
6. Next acquisitions hopefully next year was their comment. No info on how to finance, etc.
Good questions to ask management directly. Please post what you find out.
Most of the day was up. Beats the small "scrape" jobs I saw. WE all await better foundational days...
The PPS follows closely the Quarter over Quarter bottom line, not revenue coincidence, as well as a stable O/S # shares. Double whammy lately...
My IRA shares breakeven at $25... hmmmm...
Year end selling, loan conversion and manipulation may be the temporary reason as very few could make a profit at this level...
Games a foot... I am the proud owner of 2 whole shares at .221 when my stink bid was .25. Cheers around, eh?
THis is prime tax loss selling time and some are doing just that IF it helps them...
It is nice from one perspective to see same organization comparisons. On the other hand, a company can grow by internal means or acquisition, so YoY has focused company meaning as we watch all the financials. IMHO
"comparing YoY is a waste of time in most sectors SEC/OTC should change the regulations and insist on QoQ numbers presented."
FYI per latest 10Q says to date: 290K shares were acquisition debt conversions, 5.5 million shares were allocated for non-employee compensation of which .5 million were issued in October and all need vesting. These appear to be pre-R/S numbers. Still some explanations left... no conclusion drawn here.
Confused... please explain what the ICLD fall have to do now with SGSI?
EcoMike answered that well. I hinted in another post about that. BOttom line improvement is the real goal and it is happening. Amazing year to year YTD figures, right?
Agreed for better PR person for shareholders... For the first time there is a Proforma comparison to actuals in the 10-Q for last quarter. A significant difference in Revenue there (higher in Proforma) begs the question of whether value of work of this YTD amount was completed but just shy of GAAP, etc. guidelines to declare formally.
Thanks for being here!
Latest 10Q... it was very encouraging to see the latest quarter's year-over-year revenue increases (3x), expense level improvement. New higher profit contracts will improve upon this trend for quarters to come IMHO...
The market does not tell the truth, either. It is selfish and revengeful motives up and down the line. Have we not seen other companies with less potential deceptively flying high only to crash on less transparency? Why did Yahoo and others lose big $ for many years before turning the corner. This one did it quickly with an inherited rocky foundation.
The majority here are confident and so we stay and do our best to pick up a few averaging shares at low cost. No reason to be in panic mode.
GLTY
For a growing company that has made such expense and revenue strides...
it has the undeserved Rodney Dangerfield label... "I don't get no respect!"
12 whole shares bought today at .35 after last night's last transaction of .589. My, isn't that investing at its finest and wisest?
More to Come... Dave Garroway on the old Today Show 55 years ago.
Last transaction of day was a buy at .589 if one looks at the detail with no drop in closing price. The TDAmer screen for me shows is wrong in summary but right in last sale view.
Manipulation... may the they rest in unpeace.
I see where almost 6 mil of O/S is restricted = good news. Part of this may be reflecting the 1.5 mil previously announced for management as strategy protection in upcoming acquisitions or … ???
No big deal and A/S is the same.
I am truly pleased for those who could get in so low. Some of us ran out of powder like my ancestor at Bunker Hill so the breakeven in my IRA accounts is $27 now. I still hope for the best...
SPS50
10+ years
In factoring, the receivables are not fully "sold". Most agreements have fine print that keeps the risk on the original owner of the receivables and thus the risk as well. The collection rights are what is transferred. Factoring is about time and use. It is well known that big companies/governments stretch out their payment of receivables well beyond written terms and dare you to stop doing business with them. They refuse to pay late fees. Thus SGSI(D) gets working capital sooner but by accounting rules must still maintain the liability on the books as offset until the collection officially clears. Someday soon we hope they will have a more stable balance sheet to dictate better terms for financing. I will let you judge if it was wise. I trust the future 10-Q's etc will confirm it. JMHO
SPS50 MBA Finance, CMA
Is the company name miss-spelled in the header on purpose?
Thank you. Good to know...
Thanks, tried that. In the fine print after transfer from Scottrade. Life...
Experienced a $38 reorganization fee for R/S on my account in TD Ameritrade. Just an FYI...