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You gotta spend money to make money! And by the way, if you back out that $6M one time charge the daily loss comes to around $67.5K/day... ashtray change compared to other non profitable publicly traded companies out there.
The only people upset with the earnings report are those who don't have a clue about ICLD. They haven't done their DD or they're just here to bash the stock.
I'm still long and holding on to my shares. There was nothing in the earnings report that I wasn't expecting. And the bottom line is the balance sheet is in much better shape now than it was a year ago. The company is moving in the right direction in my opinion, albeit the stock price isn't lol.
I plan to add more shares tomorrow after my funds clear at the broker, assuming the price is still down.
I respectfully disagree. Compared to last year the quarterly report looks beautiful to me. The report proves to me that InterCloud is moving in the right direction... and that's all that I'm concerned with at this juncture.
Becoming earnings and cash flow positive isn't a sprint, it's a marathon. Overall, I'm happy with the quarterly report and I hope to see the positive trend continue into subsequent quarters. The trend is my friend.
Cheers!
Firstly, thank you for your service and sacrifice sir.
Regarding ICLD...
In my opinion if you hang on to your shares you will be able to eventually sell at a price substantially higher than the current share price. Don't get discouraged on the down days. Stocks go up and down, it's the nature of the beast.
As you know, trading penny stocks is risky business. They're penny stocks for a reason. That said, a person can still do quite well and make bank trading micro cap companies such as InterCloud assuming the stock trades liquid enough and there is real $ volume traded on a daily basis.
Hang in there! Everyone's circumstances are different, so only you will know when it's best to sell or to add more shares. The thing with penny stocks is they can move down or sideways forever, but they can also in a single day or two pop enough to make up for all the pain and suffering of holding through the bad times. No guarantee of course, as any stock can go to zero.
The ticker symbol for Intercloud as of now is ICLD. And ICLD closed down yesterday about 3.6%. It wasn't down over 30% as IHUB was reporting. The reason IHUB was showing the wrong percentage down is because IHUB was basing the previous close price on what Intercloud was trading at before the reverse split (before the extra D was added to the ticker symbol).
If you had ICLDD shares yesterday then today you have ICLD shares. Today they dropped the last D from the symbol, the D that was added on after the recent reverse split.
I'm all in boys and girls! I hit the ask a few minutes ago at .0189. Holding 282,574 share now for the big payday. Got my average cost down to just under .03/sh.
Best of luck to all!
I agree. I just picked up 176K shares this morning, added it to the 20,300 post split shares I already had. Of course I paid .0223 this morning so should have waited a little lol. But I'm not concerned. My average cost per share is a lot lower now even if I paid .0223. I'm liking what I'm seeing now. In my opinion this stock will be much higher within the next 12 months, I can wait. It could be a takeover target too with the market cap so low for a 50M/yr co. News of ICLDD being acquired could send this stock many multiples higher in a matter of minutes.
I'm fully aware this is a gamble. But I'm a gambling man. Greater risks sometimes means greater rewards. If I lose it all oh well, wouldn't be the first time I had a stock go against me, and it certainly won't be the last.
Long and strong ICLD!
Best of luck to all whether you're long, short, or a day or swing trader.
That doesn't concern me. I bought yesterday at $1.77/sh to swing trade this pig. I can hate a company and a CEO but decent money can be made trading sh!t like this. DRYS isn't investment material, I get that. But I'm sure most traders here understand that too. If you want to buy and hold, buy dividend paying blue chip companies that have positive earnings growth and positive free cash flow. DRYS is a lottery ticket at best. IMHO
ICLD along with their subsidiaries lease 12 locations with a combined square footage of 39,348 sq' of office space. They pay $41,864 per month to rent those locations. Hardly chump change in my opinion ;)
Well your cost basis is better than mine. I have 10,260 shs at an average cost of $1.47 including broker commissions. And I remain hopeful too of some good news before the year is up. If nothing before that then I will just have to assume management was full of hot air as in the past regarding partnerships, etc..
Tomorrow I plan to put a limit buy order in for a thousand bucks worth at 80 cents. Short term I kind of hope it doesn't fill but if it does or doesn't I'm OK with it with a longer time frame in mind. Pre-split 1:3 that's only 27 cents a share. Book value alone they should be worth that, but what the hell do I know.
Best of luck to us and other longs who might be lurking about.
PS: I would be happy with the announcement of just one confirmed partnership before the year's up.
Well I put another grand into my Scottrade account Friday but the funds are restricted for 3 days on stocks under a buck. I was hoping to pick up more cheap. Trying to lower my cost basis on IVAN. But I'm not going to be in a rush. This thing has been in such a huge downdraft that I think lower lows are still right around the corner, assuming no news. But should this continue to go up which I highly doubt, I'll just put that new money to work elsewhere. I think I have enough shares of IVAN at this point but always looking for shares on sale two or three for the price of 1.
Me too but dayam! This is getting painful to watch.
I keep buying on the dips to average down but the gap is still too wide. I have 10,258 shares at an average cost including commissions of $1.47. So I need almost a 60 cent gain from here just to break even.
But I'm not going to sell. I started buying this back in mid Feb 2013 for a reason and thought the shares were cheap back then. But on that initial lot purchased I'm down 59%. Bought 15 additional lots since then and picked up 1300 more shares yesterday @ $0.9148 ... and already down on that one too lmao! I just can't catch a friggin break!
Buttttttt, putting fresh powder in my broker account for another cheap purchase perhaps next week when it's at 80 cents or so. Should be around that at the clip its falling. Can't catch that falling dagger! My fingers are all sliced up and blood is pretty slippery but I still think if I keep the faith I will be justly rewarded within a year or so. Will just see how this thing plays out.
I hope management isn't lying about their comments a couple months back regarding progress with regulatory approval and the financial partners. They were predicting good things second quarter and this Summer. Well the second quarter is about up and no news. But Summer just started 6 days ago so there's still a chance for good things to happen!
Best of luck to all the longs here!
Yeah, it's called a pump and dump. Don't fall for it!
And to think I bought 10 million shares of this at .0006 hoping to flip it for a quick is. This POS never had an up day since lol. Oh well, another lesson learned. It's only money and like my Dad always said "When you die, you can't take it with you". No reason to worry about selling now. I will just watch this decay to no bid. It's been a while since I had a winner winner chicken dinner.
Don't worry because it's not true. If it's the same HP* I'm thinking of they're a $52B company. How does a company with a market cap of 399 thousand bucks acquire a company with a market cap of 52 billion dollars?? LMAO!!! A snowball has an exponentially better chance of staying frozen in hell than that ever happening!!
Most times, companies of operations that never make money (or at least real audited money) like to keep changing company names and ticker symbols and reverse split the hell out of their stock to make it harder for potential investors to research true intrinsic long term stock price declines. And the more miserable the long term outlook of the company, the more often said company changes their company name, ticker symbol, and share structure.
No one likes to see a chart that starts at over a million bucks on the left go all the way down to a penny on the right. So they do everything in their power to hide such hideous charts.
Well they're raising the A/S to 20B shares for a reason. And that is to eventually dilute the O/S to that over the next year or two. 20B shares x 2 cents equals a market of $400 million. Almost half a billion bucks for more or less a shell operation? Not in a billion years. The current price of .0002 is going to look real good after they reverse split 20 for 1. After that split, theoretically the PPS goes from .0002 to .004. But at .004 that gives them a big spread to dilute the share price back down to .0001 again.
Or let me explain it this way: Say today you own 10 million shares at the current SP of .0002. Your holding is worth $2000 today. Now say tomorrow they revers split 1 for 20. In theory, at the instant of the split your holding is still worth $2000, but now you only own 500,000 shares at a share price of .004. Fast forward a year or so to where the price per share is once again .0001 (not a matter of if, just a matter of when, look at the chart). Your 500,000 shares becomes $50. Now reverse split that again as history suggests they will, your $50 holding becomes $1.25. Your $2000 diluted to $1.25, that's painful. But not as painful as if you started with $10,000 because that would have become $6.25.
So do you see why the current price of .0002 looks way over valued a year or two from now?
And yes I own shares of this that I purchased at .0003 back when this used to trade on heavy daily volume. I was hoping to flip it in a few days/weeks and make a quick 50-100% profit or so. But now it looks like I went from being a short term stock holder to a long term stuck holder. But believe me, it's not the first time I got stuck holding empty bags of a pump and dump operation (CCTR comes to mind too). It comes with the territory of messing around with stinky pinkies or penny stocks in general.
Disclaimer: All the above just my humble opinion.
The shares I own would be worth $5.6 million at 30 cents each, so I know that will never happen because I'm not that lucky. I'd be extremely happy if this ever made it to half a penny, but I still believe my odds of hitting it big are better in Vegas at a craps table. At least there odds can be calculated because there are only so many combinations that two dice can roll to.
With a Verges company odds can't be calculated because there's no telling what a crook can scheme up. Odds are unlimited and can easily all be stacked against me. Put it this way, my odds of getting rich are better winning the Lotto PowerBall ... even if I never purchase a single lottery ticket.
Let's not forget the big town hall meeting coming up Sep 13th when Verges announces continued revenue growth, and a 1000 for 1 reverse split and an increase in the A/S to 4B shares. I can't wait!!!
It seems like you put a lot of faith in SEC filings. Sub penny stock companies can and do lie on them all the time. I've personally owned stock of 3 that did; RMEC, SPNG, and CKYS (I have a real knack for picking winners). Hell, even big companies, Enron comes to mind. The problem is, there are too many publicly traded stocks out there for the SEC and DOJ to police. Some do get caught however, but the majority don't. In my opinion, that's why there are so many sleazy publicly traded companies out there. They're just playing the better odds of not getting caught.
I think NWMT is a scam operation just like the majority of sub penny stock companies. But that doesn't mean money can't be made trading their stock. I look at NWMT, CCTR, NUBL, et al not as illegal operations, but rather a legal loophole way of pulling off a ponzi scheme under the guise of semi legit businesses.
That was me. I desperately needed to raise a nickle for a coin toss. I couldn't find one under my seat cushion like usual.
We'd all be rich if it were that easy to buy and sell shares like that, especially when there's no trading volume.
Share price of .0001 by October 1st? You're more optimistic than I am! But what the heck, I'm still holding a bunch of worthless shares for the next pump. Might be a few years though at this rate. Nothing about this company worth pumping now. What started out for me as a quick flip turned into a long term hold. LMAO! But I knew it was a craps shoot. Looks like I sevened out. But it wasn't the first time, nor will it be the last.
I'm a contrarian so this is a buy signal.
In my opinion we'll be lucky if there's even a video. Chances of a real meeting with Verges in person is nil.
Unfortunately that's where 99.99% of these penny stocks end up, and the dilution pattern here is typical of these companies. Odds are always in favor of these going down vs up, just as odds dictate that more businesses fail than prosper in the real world.
All longs can hope for is that once in a blue moon pop in SP. Sometimes they happen but sometimes they never do. It's a gamble. If I could short this or any penny stock I would. But I can't so I'm long hoping for that elusive pop is SP.
I capitalized on CCTR when out of the blue it shot up 90% in one day on big volume. It can happen here too. But just because it can doesn't mean it ever will. I'm fully aware that I'm playing with fire, but I'm a gambling man. However, I still believe my odds in Vegas are better. At least with a pair of dice or so many cards in a deck, one knows what the mathematical odds of winning are. When trading or investing in penny stocks that's an unknown. It all boils down to how greedy or crooked the insiders are, and that's an unknown variable.
Let me know when you get out at .0005 because I'll buy more. Because if your luck is like mine stocks only explode to the upside after I close out my positions. I can hold a stock for a year only to see it trade sideways or go down, but usually within days of selling the price doubles or triples. I have that kind of power. My wife doesn't believe me though.
Would love a 10 or 20 bagger, but can't be too greedy. Will probably start unloading at a double to protect some gains, but hold a core position of the casino's shares for much bigger gains.
I'm a little more protective of my own cash, but don't mind taking bigger risks with other people's money. Based on fundamentals alone this should be worth at least a penny a share.
Either this is one of the most undervalued penny stocks out there or one of the biggest scams on earth. I'm going to assume the latter to be the case, but be pleasantly surprised if the former ends up being true.
Look, if this were a sure thing it'd be trading at a penny now. There's a reason it's not, and that reason is; no one trusts this company and/or just hates them because of all the massive dilution.
I don't hate them for the dilution because they didn't dilute my shares ... YET. But I certainly don't trust them either. I'm just here to make a buck like most others. I actually have a bigger position in CCTR, but my comments here apply to them as well.
I don't think it's any kind of a sign. I think those tiny amounts are just part of bigger orders. When I buy odd lot limit orders at GTC for example I'll get filled like that at the end. Just a bunch of partial fills until my order is fully executed. Sometimes it works out where everything is filled at my limit price but say a couple hundred shares for just a few pennies, thus a tiny trade like that.
No but you can check Sunrise out here...
http://sunrisecorp.com/about.htm
Hey slob it's going great. But stop cussing and never mention that 4 letter word again ... UPDA!!! For the heck of it I just ran a Quicken report and it's even worse than I remembered. I invested $26,852 in it and proceeds at sale were $7,210. Lost my ever loving arse on that one LOL. But glad to hear that you finally got out of it with your hide. Now I'm pretty much all in with my mad money on these two losers; NWMT and CCTR ... some people just never learn! But in pretty cheap on both, .0003 here and .0007 over at CCTR. Hope my ship comes in but I guess time will tell. It is fun though when once in a while you pick that 10 or 20 bagger, really helps to offset the losses on the 95% that turn to carp. Best to you and all here.
I was kinda thinking the same thing too. And that's over a 3 year period at that! A little over $47K a month. Hell, I'm in sales and have a single customer who does over $130K a month with me and I don't even work for a $100M dollar firm. This to me by itself is a red flag. Why brag about a $47K/mo account when you're as big as you are?
But like I said before, I don't trust any pinkie stinky public company. The majority aren't legit in my opinion, and those that are are just shell operations. Butttttt, that doesn't mean you can't make decent money flipping their stock. That's the only reason why I'm here, not because of their fundamentals.
I'm not "investing" in NWMT and CCTR. Simply trading them. Investing in a company to me means placing your money and faith in a company and sharing in the profits via dividends and/or stock appreciation as the company grows over the years. In my opinion one should NEVER "invest" in a penny stock company. Your odds of making money in Vegas are much better. Penny stocks should ONLY be traded short term, never held long term in hopes that the company associated with the stock will ever reward you for being loyal to them. They couldn't care less about their shareholders.
So my point of all this being; why care about NWMT's fundamentals if you're only in it for a quick buck? I'm only here in hopes of an "out of the blue" pop in stock price. I couldn't care less about the company itself, so the feelings are mutual between them and me.
There is no doubt in my mind they maxed out the AS. A hundred and seven million shares? That's only two days of dilution worth ... maybe less considering the rate they used up the last billion shares.
LMAO. We must be the only two people on earth who still have a 20" screen TV. And mine has one of those knobs you have to turn for the 13 channels (which includes 1 channel of UHF). Don't have a garbage truck camper yet though. It's on my wish list.
But they're pumping the price down.
The MMs are going to have to do something soon or just quit making a market for NWMT if there's no money in it for them. No trades = no revenues for the MMs. They need to create trading interest whether that be to the downside or the upside ... preferably to the upside in my case. And while they're at it create some interest in CCTR. The more the merrier.
It doesn't take a rocket scientist to figure that out. All (OK, 99.99%) pinkies live by the law of the reverse split. My guess is they do at least a 1 for 2000 or there's no point in it. Makes the share price a buck, a nice round figure. And leaves plenty of room and a little more time until they dilute it back down to .0001-.0005 again for the next rinse and repeat cycle. But hopefully maybe a few good trading days along the way for us peons.
I couldn't do that if I wanted to. I have 6 grand in it and only $500 to $1000 has been trading hands on a daily basis. My selling pressure alone would drive the price down to .0001, akin to shooting myself in the foot. And that hurts.