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.
great comments!
So true, buying at $1/share is getting a piece of this company with a value of $250M, which is a steel considering our offer in Nov for $330M!!! (which again, was before the launch of Wellness Juice)
And if the company posts the expected $7.5 mill net profits through Q2 & if there were no more sales through 2014 (which is ridiculous...) a $1/share would give them a P/E of 34.
I however don't only think they will continue sales through the year, I believe they will INCREASE!
With the up and coming Wellness Water kicking off shortly (private label deals are in negotiations as we speak and expectations of national roll-outs to begin in 2015 with sports endorsements in the works as well.)
There's no question Wellness Juice is turning out to be a real success story here, and it's been stated profit margins on the product is between 29% and 31%. We still need to see how well Wellness Water is received in the market place, but considering profit margins on water is often in the THOUSANDS of percent... Should make 2015 a year to remember for GBHD
Exciting times, can't wait for this party to get started
Thai
IMO, Ed should speak out on the situation in either case tomorrow to do damage control.
Either put out a bad PR without validating facts, should be apologized for
Or we're looking into how someone was able to issue a non sanctioned PR...
Let's see how it's addressed, that should speak volumes. Ignoring the situation would be bad...
Either way, changes nothing in my books
Like the theory though
Nice!
Look forward to your followup
MyECheck.com gets their news from yahoo automatically, that was spotted many months ago before the new website was put in place. It's not added manually.
Every PR released by the company has been tweeted & put on FB.
I'm not saying the PR is false, but all the normal signs we've come to see from the company are missing.
Besides social media, the biggest question would be, where is the PR on otcmarkets??? I really don't believe any PR from the company would be excluded from there...
How interesting...
Hadn't thought of that...
Not marketwire
No tweet
No FB
No OTC MARKETS...
Fishy...
Another nice 45% sort today!!!
Someone's gonna be in for a hurting real soon
No worries, it'll all be over with soon, like ripping of a bandaid
Amazingly, there is a distinct possibility we hit the 200dma (that would be a wet dream for me!!!)
I will gladly double down if that happens!!!
Ignorance can be a blessing in disguise :)
Thanks dum dums!
Another beautiful day here, almost all buys!!!
Sure we'll see a good amount of shorts AGAIN!!!
Thanks so much for revealing this gem inzane!!!
Owe you one
The fun is about to get started here
Short sited opinion
1 mistake hurts shareholders dearly, makes no dif to me, I'm in for the long haul. Still as excited as ever, good luck to all
I'll be glad to pick up more as the selling continues
Thanks for the opportunity Ed
Putting things in perspective, here are a few things to consider;
Back in Nov 2013 there were 408,801,248 shares outstanding, for the year 2013 they reported total sales amounting to %7,819,226 gross, with $1,943,783 net. When Q3 results were released on Nov 18th, the share was trading at 30c/share, which gave the company a market cap of 122,640,374, with an earnings/share of 0.0047548362670361 gave the company a high P/E of 63. With the takeover bid of 80c/share, the desired acquirer valued the company at 327,040,998, giving GBHD a massive P/E of 168! It was definitely a good offer.
Since retiring 151 million shares, based on 2013 numbers would give the company earnings/share of 0.0075398510095653, at 80c/share, that would result to a P/E of 106. at the current PPS of .40, gives the company a P/E of 53.
But hold on... That was based on 2013 earnings... Before the launch of Wellness Juice (our flagship product). With expected sales through the 1st 2 quarters expected to top $25 million & Net profit expected to exceed $7.5 million, that changes EVERYTHING!!! If the company made NO sales for the remainder of the year, that would mean earnings of 0.0290921787934867/share, at the current PPS of 40c that would give GBHD a P/E of 13!!! ARE YOU KIDDING ME!!!
If the company is able to maintain its sales numbers through the remainder of the year (without ANY growth), Net profit is set to top $29 million... Under the current share structure, that would give them an earnings of 0.1124897580014818/share & at the current price of 40c would give them a P/E of a STAGGERING 3.5!!!
if we take a reasonable P/E of 20, the share price would be sitting at 2.25
I'm no genius, but I recognize a good deal when I see one. With a number of catalysts ahead of us, I plan to stay around these parts for quite some time. I'm confident in the management & direction of the company. Some newer investors may think they're late to the party with the recent appreciation of the PPS, but I say, the party has yet to begin!!!
Just my 2 cents,
Thai
P.S. Feel free to sticky this along with my analysis of the company http://seekingalpha.com/instablog/7510531-marketman123/3030875-go-big-hold-for-dollars-gbhd
I still firmly believe once we hit mid 40s, we will have hit a point of no return, lighting the fuse to our short squeeze
Time will tell
Bid support in place!!!
Excellent job all!!!
40s reached!!!
The 50dma is quickly approaching the 200dma!!!
It's gonna pop!
Leave no sell orders in the 40s people, we're going to race through them
Anyone wanting in's going to have to pay the piper!!! Last of the 30s on the board
Shares seriously locked up tight here :)
Things are heating here, ready for the next move up!
40s imminent now :)
Keep watching, cuz you ain't seen nothing yet!
Thanks shorters for setting this up for us all!!!
I suspect the shorting will soon end as we move the pps up
They'll be too busy buying back those short positions they've mistakenly sold :)
MYEC will soon have their own card for transactions according to the good people at iCard1!!!
iTunes gift cards could actually be iCard1... Who knows... Would be great
CheckAlt still making waves...
Can you say Patent Litigation?
http://www.motoemag.com/2014/07/17/energy-capital-credit-union-taps-checkalt-for-mobile-and-branch-deposit-fraud-protection/
Think of it this way. Are banks our competition in general? No, they are potential clients which use either ACH or check 21. If the banks aren't able to do transactions for MJ, neither would we.
However, interestingly enough, the banks would indeed be competition to mj-pay, yet mj-pay is not competition to the banks
"A square is a rectangle, but a rectangle is not a square"
Thai
Project for the long game, not the short
GLTY
Thau
I love the news and all & will be a supporter of MYEC for years to come, but without knowing our previous transaction volume or projection of what is expected, I wouldn't get ahead of myself.
It's surely a feather in our hat, and shows customer satisfaction, but it all comes down to dollars... Yes it means more dollars, but how many is still uncertain...
Patience grasshopper
This extra transaction volume will impact our bottom line, quarter after quarter, year after year
Happy for the news, go MYEC team!
Love this part
"dramatically increase the transaction volume that MyECheck processes for Simplifile. "
Another Wednesday after school special :)
Expecting them to keep coming till Q2 results are out
Hopefully each will be bigger than the last
Long MYEC
Wouldn't take much pressure to hit the 40s
Strange trade...
Sold 20K at the ask @ at the same exact time the support went up, not down???
Show us a nice slap of 33,600 to start
So true...
Right there with you
Only need time here & I'm pleased to collect my dividends as we wait
Welcome!
You're in good company here!
If they bring in sales as expected for the year, have successful launch of Wellness Water, close a few more lucrative acquisitions & complete audited financials at some point this year, I see this company graduating to one of the big boards
I'm not going anywhere any time soon
Fortunate for buyers today that the MMs are willing to short this bad boy
Thanks for reposting this, very true statement & the company will have no problems covering those costs this year
Well articulated & yet, removed...
All the same, I agree completely & know what I own...
Long GBHD
Np, just sit back and watch the rest of us make good judgements on our investment decisions (reflected in the steady rise in pps)
Better buy a lot of yearn
As a reminder, the 80c offer that was refused was prior to the retirement of 151MILLION shares!!! So under today's share structure, that represents an offer greater than $1.25/share!!!
Oh! And that's before the launch of their flagship product Wellness Juice!!!
Epic quarters results ahead, probably upwards of $25 million in sales (which is about 4.5x TOTAL sales for 2013!!!), quarter after quarter, things will only get better from here
Go Big, Hold for Dollars!!!
Long GBHD
ThaiLove
As I recall, Sharkness is the only person that had negative comments to share on it...
Whatev...
Close to $100 mill for the year if fine by me