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not a good quarter. Will have a look later but a loss for the 3rd quarter with a 600000 income but a little more than 800k for cost of good sold and about 85k in other expenses.
But as it happens before, there could be a lag between charges and revenues booked. To check.
Not expecting any positive price action based on this unfortunately.
When should we expect the 10K ? 29.11.22 last year. Should we expect it before ?
The interesting information will be:
- revenue : were they able to enroll new clients. And for what amount
- financing : how did they or are going to finance the costs until income is higher than charges.
I don't see the stock trading dramatically lower untill the 10K as there should be some buying the rumor activity.
But I am not sure the stock would go a lot further than the high of current trading channel (0.0040-0.0068).
As I am not a NSS believer, I am eager to read the financial statement to review my opinion about the stock and the Company.
GLTA
Still hoping to have a little more than just the financial going forward but I am eager to read them.
you are the one getting emotional as you post here just because you are angry with SB not sharing your opinion about another stock.
Spending time making fun of the low volume here may provide you some short term satisfaction but certainly doesn't deserve you in terms of respect, recognition.
At least you bring some action on this board.
GL with your investment.
Hopefully bringing interest here and a pps leg up.
is this truly what you have to answer to my post ? seriously ?
Yes, it is SMALL volume. What can I say ? Do you prefer that I use "very small" volume ?
Yes. it is small volume on average. It has been small volume in average for a long time. Oh sorry : "very small volume with some days with nil volume and others with more volume" so "very tiny small volume"
On the main quote page / historical and you will have the stats (avge volume, avge price) :
past week average usd volume 1668 usd
1y average usd volume is 1936 usd
3M : 834
3Y 36000 USD
GLTU
Yes, something everyone should try to keep in mind.
And also, not to get personal. A little harder as anyone who is critical of one's investment is seen by default as an enemy.
On some more sophisticated investments boards (for biggers regulated stocks), I used to hate some posters just because they were focusing on the negative aspects of the stocks I held; showing with clear arguments why the situation wasn't as good as stated by the management. I should have listened to them most of the time and would have been able to maximise in a better way my investment.
We tend to fall in love with our stocks, listening only to the one in line with our position. I learn to "sell" but it took me years of disappointing experiences.
Her on IH, we are dreaming to own the ONE, the life changer ticker, either because the Company is doing something, or because with hope to be invested before the pump of our life.
I tend to take small positions in quiet otc companies with no or small dilution history and look at this pocket as a private placement : stuck until one of them make me happy. No need to post daily as anyway, there is most of the time no interest.
Worked well twice the past years... one was JNSH. The other one, SB knows the stock Some are still with heavy bags in some kind of private company having a disruptive product for years but so disruptive that it is still in the one-man show lab I guess.
To make it shorts, nothing to say about jnsh : small volume, nice but non-audited FS, no pump for years. So either it is a scam but usually scam are diluting as they are here to make money, or it's a small Company running its business, not focusing on shareholders at the moment but maybe creating the ground for a nice return in the future.
glta
I guess Taz is referring to the financial statements notes being a copy-paste quarter after quarter.
I can disagree.
Cleary JNSH has been providing the minimum requested information only: quarterly numbers with associated notes.
We are missing some business update as well as an updated website.
Clearly not the Company priority. Frustratring on one side as shareholders should be able to get a little more but this is why the stock is undervalued compared to the assets and revenues and this is why I keep my position, waiting either for a new communication strategy or for new trading inflow.
I have a nice position here but not big enough to consider visiting the Company (I am not in the US) or to spend more time than I should to dig into the subsidiaries local fillings .
So my due diligence is quite limited but maybe I should at least try to get a direct contact with the Company before end of the year.
glta
Yes not worth your time. Personal
Anger brought this poster here. At least we are getting some entertainment with this broken weak rhetoric.
Waiting for next FS here but for once, price is lower in anticipation. Tax season could play a role but anyway, such low volume makes it impossible to analyse the price action before the release.
Hoping to see more interest here going forward. I miss then old days lol.
Meanwhile back trading some more liquids otc stocks but I am less and less involved in this market.
And boards looks more and more an arena for personal attack and anger.
Take care!
Closed today my second trade here.
Small trade and peanuts gain but I still believe that any substantial
Rally needs great financial (waiting for them):’if they deliver some
Goods numbers and business improvement, people on the sideline will
Consider taking a position.
In case it is a copy-paste of last quarter, I suspect that the stock will break the range by the bottom.
David, I hope you will be soon featured in a tv show as « the man who became multi-millionnaire with one stock »
I do thing that normal discussion between people with different opinion is the purpose of any board.
I brought some information about how regular shorting works and do not understand why this should lead o be part of any kind of list.
As I said, I currently consider DBMM as a stock to trade, not to hold. This until audided financial statements shows that the Company is on track for better days as touted by the management team in the last PR's.
Sorry to be pragmatic.
For the record, I stated a few days ago that DBMM was in the lower range of the current trading zone (0.04+ - 0.065), that it could revisit the 0.003+ in case of some selling pressure and that a good strategy could have been to have some buy orders in that range just below 0.04. Worked quite well and next days will show if we are bottoming out.
My guess is that we could see some buys in anticipation of the financial statements and buzz that will surround them.
It's quite reductive to categorize people as either pumpers or bashers imo.
GLTU
This is my understanding with one addition:
The dollars amount shorted is recalculated daily, so if stock goes up, the value shorted goes up and so the amount to be paid.
On the opposite, value down, fees to pay down.
As you said there
Are other fees, margin requirements and so on.
This is not a fee amount per share, but a fee rate to apply to the value of your short.
I try to keep it simple as shorting fees are a little more complicated (between borrow rate, borrow fees, interest paid and received.
But if you wnat to go into examples, pls refer to these two links explanations.
https://www.interactivebrokers.com/en/pricing/short-sale-cost.php
https://www.ibkrguides.com/reportingreference/reportguide/borrowfeedetails.htm
They are other possible fees applied by some brokers. I wrote about that as well a few weeks ago if I recall correctly
GLTY
Please refer to another post I wrote:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172956260
Many reasons from few lenders to high demand, or perceived risk, volatility and so on.
Here a simple answer from IA.
Looking at some peers as per my post in ref, there has been a global rate increase, so difficult to understand what is Company related, or what is market related.
GLTU
A little repost about these borrow rates
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172971427
😉
USA - Short interest rate and shares availability with Interactive brokers.
As this interest is brought quite often here to assess DBMM short situation, I believe it is nice to have some public tool to compare this 12.27% interest rate with the others stock short interests rates.
if anyone is interested :
Link How To :
https://www.ibkrguides.com/kb/article-2024.htm
I suggest you use the Windows explorer tool. When all the files are displayed on the local server, just copy/paste on your local drive the file you would like to check
It's a text file than can be opened with Excel.
I did it for the US stocks available for shorting on Interactive brokers.
A few example with
ticker / Company Name / Shares available for shorting / associated % yearly fee rate to pay
Fwiw :
nbr of usa stocks with shares available for shorting = about 17'500
nbr of usa stocks with fee rate < 10% = about 13'200
High rate:
#SYM NAME AVAILABLE FEERATE
ALPSQ ALPINE SUMMIT ENERGY PARTNER 400'000 1'192.4355
LEO BNY MELLON STRATEGIC MUNI 150'000 932.5373
BPTS BIOPHYTIS SA-ADR 9'000 873.9027
RNAZ TRANSCODE THERAPEUTICS INC 25'000 785.8577
ONCSQ ONCOSEC MEDICAL INC 90'000 714.9818
NIM NUVEEN SEL MAT MUNI FD 10'000 675.9791
SVRE SAVERONE 2014 LTD -ADR 45'000 648.2421
AVGR AVINGER INC 65'000 642.8287
SQL SEQLL INC 2'000 638.1958
PKBO PEAK BIO INC 25'000 616.7817
BJDX BLUEJAY DIAGNOSTICS INC 20'000 569.9458
AHI ADVANCED HEALTH INTELLIGENCE 15'000 554.5013
GBNH GREENBROOK TMS INC 100'000 543.2075
APLM APOLLOMICS INC 15'000 537.5890
VCIG VCI GLOBAL LTD 10 531.5063
AMBI AMBIPAR EMERGENCY RESPONSE 10'000 531.1867
OKYO OKYO PHARMA LTD 15'000 505.0404
Middle:
#SYM NAME AVAILABLE FEERATE
GSL PRB GLOBAL SHIP LEASE INC 150'000 73.6625
SHPH SHUTTLE PHARMACEUTICALS HOLD 600'000 73.6510
LINUF LINIU TECHNOLOGY GROUP 150'000 73.4887
RDFI RAREVIEW DYNAMIC FIXED INCOM 400'000 73.2837
COPAF COPAUR MINERALS INC 200'000 73.0009
TGH PRA TEXTAINER GROUP HOLDINGS 25'000 72.8507
AIAD AIADVERTISING INC >10000000 72.5469
GGE GREEN GIANT INC 45'000 72.1701
JORFF CONSOLIDATED LITHIUM METALS 2'800'000 72.0922
MSBIP MIDL.STS BANC.INC ILL DEP.SHS REPST 200'000 72.0658
LLEN L&L ENERGY INC 150'000 72.0009
FBY YIELDMAX META OPTION YIELD 15'000 71.9305
NCRA NOCERA INC 45'000 71.7790
CDVIQ CAL DIVE INTERNATIONAL INC 950'000 71.7735
FRCHL FRC 5 1-8 PERP PFD 150'000 71.7025
MWG MULTI WAYS HOLDINGS LTD 450'000 71.6222
TMBR TIMBER PHARMACEUTICALS INC 95'000 71.5922
MOB MOBILICOM LTD-AUSTRALIA 90'000 71.3954
KBLB KRAIG BIOCRAFT LABORATORIES >10000000 71.1829
Same as DBMM:
#SYM NAME AVAILABLE FEERATE
BTAEF BETA ENERGY CORP 50'000 12.2720
CSKI CHINA SKY ONE MEDICAL INC 100'000 12.2720
CVAT CAVITATION TECHNOLOGIES INC 600'000 12.2720
DBMM DIGITAL BRAND MEDIA & MARKET 3'200'000 12.2720
GDVM GLOBAL DEVELOPMENTS INC 7'200'000 12.2720
PNNX PENNEXX FOODS, INC 100'000 12.2720
QMCQF QMC QUANTUM MINERALS CORP 200'000 12.2720
RMSL REMSLEEP HOLDINGS INC >10000000 12.2720
SODI SOLITRON DEVICES INC 200'000 12.2720
ASDRF ASCENDANT RESOURCES INC 25'000 12.2590
DIT AMCON DISTRIBUTING CO 25'000 12.2564
DMB BNYM MUNI BND INFRA 2'000 12.2564
VEGA ADVSHRS STAR GBL BUY-WRITE 4'000 12.2564
ANPMF ANDEAN PRECIOUS METALS CORP 35'000 12.2551
IGEN IGEN NETWORKS CORP >10000000 12.2527
Lower:
#SYM NAME AVAILABLE FEERATE
CNK CINEMARK HOLDINGS INC 2'600'000 0.3477
VTLE VITAL ENERGY INC 1'800'000 0.3476
JBLU JETBLUE AIRWAYS CORP >10000000 0.3475
ZGN ERMENEGILDO ZEGNA NV 100'000 0.3473
ADP AUTOMATIC DATA PROCESSING 9'400'000 0.3472
FL FOOT LOCKER INC 700'000 0.3469
AAPL APPLE INC >10000000 0.3468
LILAK LIBERTY LATIN AMERIC-CL C 8'200'000 0.3464
CLNE CLEAN ENERGY FUELS CORP 9'000'000 0.3460
FBMS FIRST BANCSHARES INC-MS 1'100'000 0.3456
BURL BURLINGTON STORES INC 2'200'000 0.3452
NBHC NATIONAL BANK HOLD-CL A 2'700'000 0.3448
SGRY SURGERY PARTNERS INC 800'000 0.3438
RC READY CAPITAL CORP 4'600'000 0.3437
CXT CRANE NXT CO 1'300'000 0.3420
SDGR SCHRODINGER INC 900'000 0.3408
PPC PILGRIM'S PRIDE CORP 3'700'000 0.3406
TRN TRINITY INDUSTRIES INC 4'700'000 0.3400
MBB ISHARES MBS ETF 2'600'000 0.3398
ZIP ZIPRECRUITER INC-A 1'600'000 0.3396
BRBS BLUE RIDGE BANKSHARES INC 40'000 0.3392
XRAY DENTSPLY SIRONA INC >10000000 0.3388
The best way to fight all this is to improve the balance sheet.
- If there is a nice jump in the income in next financial statements, with new customers, you will see some lights at the end of the tunnel
- If you see non-dilutive new financing : this will bring more clarity about their ability to finance activities until being profitable
IMO these are the two sides of the coin : increase income, control debts
Until then, DBMM is a trading play.
Currently testing the low band of what has been the trading zone.With general market risk aversion and lack of new information, it will be interesting to see if it's hold. They are better bids-asks here between 0.004-0.0045 so it's difficult to know what's next. For anyone ready to take a position and with so low volume, it could be interesting to have limit order well 10-20% below this prices in case there is a quick visit down (as in August) .
GLTA
Re: borrow rate
Many here are still using $ instead of % when mentionning the borrow rate for short selling.
1) It's a yearly percentage and 12% is far from the biggest I have seen. i.e.I lend a stock on interactive brokers which ask 52% to the borrower and gives me 50% of this ( so about 26% yearly)
2) Yes, it has been going up the last months
3) Why : I let everyone "google" the question and pick what suits better his interead.
I thougt it would be interesting to compare some peers (tiny marketing company with equivalent capitalisation)
So, I did some comparison :
- DBMM : 3.7M USD amrket cap / revenue 0.28K / P/E -3.81
- MMND Mastermind Inc : 3.8M market cap / revenue 4.65M / P/E 7.61
- KBNT Kubient Inc (Nasdaq) : 3.93M market cap / revenue 1.17M / P/E -0.31
Short selling :
DBMM : 12% (was less than 1% end 2022
MMND : 11% (was 3% at the lowest on a 1Y graph)
KBNT : 23% (was 15% at the lowest on a 1Y graph)
So it seems it is not specific to DBMM even if I have just checked two peers so statistically not representative.
Comments welcome. Haters : no need. This is just information.
what newbies ? Do you think anyone will take into consideration a 33usd trade to make a decision to invest in a penny stock ?
Is it your rationale ? Have you ever seen this kind of strategy work out correctly ?
Seriously, why do you keep bringing baseless arguments here : how can you see any kind of pump campaign here and call me a pumper just because I comment the quarterly Financial statements of a stock I own.
Are you so angry you need to vent on anyone who disagree with you. you came back here just after I posted on your stock board that I thought it could be an entry point pps for a swing trade.
This kind of need to get personal is just a waste of time for everyone in my opinion. If you disagree with my comments there, just comment them, and say why. Give your advice, why you think I am wrong or right BUT no need to quickly jump here to copy-paste your "painting job" post" which certainly don't deserve you.
TIA.
But what the hell are you telling. Are you sure you are answering to the correct post?
You are truly special!
Glty
Not sure to understand. Is this what you want to bring here?
Is it because I posted that we were hitting the trading low range with your
Main investment?
Please…. Bring something else than this basic paint
Job post
Thanks for your rational. Nice to have this kind of expertise you bring here
Nothing new here except we are testing the low of the current trading zone. Maybe time for a new swing trade for retail.
Lack of volume isn't supportive and spread is often quite large.
So not sure worth playing it this time.
Regarding your NSS estimate, why not use 0 to 5B range because such a large range is simply to big to make sense anyway.
As I stated in the past, a common error has been to add shares before and after reverse split to make such assumption.
In order to have 7B nss, you need an assumption that quite any trade is a naked short trade. In other terms that there is stricly no trading activity : only people selling short and people buying and keeping the shares.
It means that as per today, you estimate that the count of all shares held by shareholders is at least 7B. Yes 7B shares held with no one selling.
I would love to understand who are these shareholders.
naked shorting usually is used for a short period of time : selling shares in advance, before getting them i.e by a toxic debt conversion.
If some groups were able to naked short 7B for years, I do not see how they would not just continue for ever if needed. Especially with a Company that has so small revenue and huge debts.
To make it short :
- for me it's a trading stock at the moment.
- all the hate and frustration here is insane and bring nothing, except entertainment.
- the last PR from the Company are more about the trading gossip than the business itself.
- as stated in the past, what will determine next move is the ability of DBMM to get new clients and increase dramatically the income.
- Next FS will determine the future of the Company and my opinion about its business.
GLTA
let me guess. Another wonderful day lol
you are the only one worried about the little trades here and there, up or down.
On another board, some will say "you've got an agenda" but here I know you are just sharing your expertise and great knowledge.
Thanks for your support.
Yesterday trade must a short covering or someone shorting. lol
Thanks for the info.
At least I have an excuse to keep my position lol
Having a bad day at home?
Try some
More sophisticated basher posts if you seek credibility here.
Nobody seems in a hurry to sell so reason of the low volume is somewhere else.
Volume has been anemic but fundamentals are fine. I hope action is around the corner.
Glty
If I recall correctly, I was categorized as a pumper from this padawan. In other terms, being long a stock and having positive comments about Financial statements showing a nice profit and great accounting rati make me "be a pumper". Funny same rational does not apply when promoting a stock with high debts and huge losses. There, it is call "being an long term investor".
again gread valued-added here. thanks for telling us that a single small tiny trade at0-0035 during the trading ours is a painting job when bid-ask is 0.0034-0-0036
Sorry but we all know the true reason of your post(s) here.
So let me summarize the current situation here_
- no volume
- range trading the past months, in the low range of the channel currently
- no PR or any kind of information from the mgt
- only public informaiton provided are the quarterly financial statements
- FS looking good but not audited
- big jump two year ago when all OTC went crazy.
- specific reasons were : Blink settlement and EV sector being pushed by administration.
- stable O/S, no dilution
- under the radar in otc land, no current interest.
- resident IH posters here _ GDH (bullish long term), SB (accumulation), TAZ (negative about jnsh), ORCA (KING OF THE CAPITAL LETTERS), Sarsor (patient trader/investor), a few others.. AND a few SB haters coming here for revenge bashing,
back to my CFD trading which replaced my gambling otc investment in terms of adrenaline and volatility.
another great insight lol
was thinking the same. Strange to try this kind of trade with such low volume here, if it is effectively the same selling straight after.
If you have less than 1000 usd for swing trades, you should look at stock with more volume and volatility imo.
I should check if I see the same kind of behaviours elsewhere.
Is it a good entry point at these levels ? Looks like there is a nice ask waiting to be bought but nobody rushing for it.
Should I wait on the sideline for the time being. Any thought ?
Time for your daily 5-10 identical posts to increase the statistics here... thanks in advance
hopefully good stuff in your mail
And more important, hopefully some tangible news soon.
thanks for your deep analysis.
What is your target price here if volume kick in ? higher or lower than current pps ?
nice volume this morning but bid-ask spread is still huge. wait and see.
the perfect storm.
great FS, low capitalisation vs intrinsec value, no change in O/S for ages, under the radar, no to poor volume.
Any pick-up in volume should trigger a nice run imo.
yes. low to nil volume the past sessions.
This will need a trigger as a corporate update but mgt has been more than shy to communicate except for the quarterly financial statements.
These FS are great but more is needed to bring action here.
calm before the storm hopefully
I think I will be in shock when (if) it happens lol
One of my longer bagholdings ever !