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Likely a hedge fund
I think this will run north tomorrow like TLSS did when it ran to 20 cents.
TLSS also had a 10% breather like we did today after the initial gains.
Based on the Strength I saw today as well as merger completion tomorrow, I expect to see green tomorrow.
10% profit taking on only 269.3M volume, compared to 378.3M and 477.5M (last two UP days with stronger volume), I think we will see the same type of move as TLSS when it initially spiked from .018 to .0689 and pulled back about 10% before heading higher.
The news will come in the form of a Tweet from Brian tomorrow
Then 8k and PR on Monday
Last day before the train leaves the station
Today's healthy profit taking was warranted before the next leg up
25M share T Trade yesterday at market close is very telling that big money is starting to pour in
Great minds know alike
Correct. Big money is accumulating. I see much more upside with stock price likely catapulted by merger completion tomorrow (Brian's Tweet) and 8k and officialy PR on Monday.
One of the strongest stocks I've owned and I've owned lot of stocks over the years. Big money knows this company has potential to go from pennies to dollars. From OTC to Nasdaq.
I saw this stock initially as a near term hold/trade but I am reconsidering my decision of going long with my 4M shares.
That was a great buy close to the bottom
Today's Dip Was the Buying Opportunity Those on the Sidelines were waiting for
Predictions for tomorrow based on the charts?
I have my interpretation of the charts but I'd like to hear from others.
That was a healthy pullback
Took out stop loss orders as well as weak hands
I still think we're headed higher
I'm gonna sound like a boring wall street analyst but I'm revising my estimates to 10 cents.
I have my 4M limit order at $1.50
I've done my job
Past Yesterday's Volume
Yea, when a stock becomes hot, you always have contrarians that appear out of nowhere making statements far from the truth. It is clear they are passing through regretting why they are not in it.
When you have a bull run like we are having now, what I would call second tier chart indicators have less impact. Breaking 50 day MA and strong volume are first order indicators that almost always tend to be correct.
I see us potentially making a run like TLSS did from .018 to .20 in the near term. Conservatively 4 to 5 cents on the low end IMO.
Yes it does. Yesterday's strong move up on four times the volume breaking the 50 day MA is confirmation/validation of further upward movement as seen by today.
Gapping up Bid .017 Ask .0174
From technicals point of view, following are the reasons why we will see nice run rest of this week IMO.
1. Today's gain of 47% was 4 times average (222.3M) 65 day volume (55.7M)
2. Broke through 50 day MA on strong volume
3. Closed strong at high of the day
4. 3 and 6 month charts show we're due for a pop/run
5. Penny stocks as of late have been running anywhere from 300 to 600% and higher even without a strong catalyst.
Obviously from news point of view we have the major catalyst with merger by Friday with offical 8K and PR on Monday. Tweet on Friday.
Also remaining debt conversion should be far along close to completion (if not done).
Today is Only the Beginning
Near term upside IMO is conservative 4 to 5 cents by end of this week
Locked and loaded
Should see strong gap up in the morning
Fully loaded, now at 4M shares
I anticipate us gapping up in the morning
If it was big money buying the stock, we wouldn't be sitting where we are even with this remaining conversion
They are selling into any strength keeping the stock down
They could be making so much more by letting this run after establishing an uptrend. Majority of the buyers are retail buyers right now and there are many more buyers than sellers
Remaining $100k currently being converted.
Another $7 - $9k by $1M long term debt holder investor also is converting every few days per Brian.
Even with all the enthusiasm, it is too much to absorb by the market.
This is looming over the stock like a heavy anchor.
Not unexpected but disappointing
Yes I do with news and updates through Gregory FCA.
According to Brian, he said he will have investors buy back shares.
I think a nickel is very possible by/on merger day
I'm holding my 2.67M shares.
OZSC is a longer term success story IMO.
If their outlook materializes, timing to the dollar land will not take long.
Good points.
The effect on share price will be combination of revenue, profitability, OS, and Outlook (high level factors).
With overall Power Storage market growing, even if you assume zero sum game if they have same amount of business as prior year, because the market is growing you expect their revenue to grow even without non recurring revenue from this air force bid/contract. I believe the span was over 1 to 2 years (need confirmation). The market will price this into account long term. Even with 80k per unit (conservative price) with over 4000 units, stock price is headed to at least a dollar IMO within a year. Speed to dollar land may be exacerbated by buyback of shares by their investor(s) or by the company themselves. Also the run to dollar land may be fairly quick with proven and reputable PR firm Gregory FCA.
That is my understanding based on someone who confirmed with Waypoint IR John
I value feedback that is objective
It also depends on the bids. Some bids can be sole sourced meaning customer can go with their chosen vendor without all the different bidders bidding. It is not just lowest price but lowest price that meets bid specifications as outlined in the bid. If they have good relationship with Air Force which they said they do, they should be able to leverage their relationship to have customer use their product specifications. The more unique their product specifications are, easier to win the bid if your specifications are used to draft the bid.
Completely wrong. The link has nothing to do with bid process.
Keep in mind price is important but relationship and specifications, product features and product differentiation all pay a role.
I'm in sales and I deal with this all the time. Also in the business that I'm in, we deal with governments bids. I know the process.
If you have the relationship with your government customer, the bid specifications can be written around your product to essentially keep the others from bidding using what we call the lockout specs (specs that value differentiate from other competitors) to keep them from bidding. Even if your competitor bids, they will not win as they cannot meet the specifications. OZSC has said they have the relationship covered. As long as the bid specifications can be/is written around their products, they have very good chance of winning.
Assuming PCTI Revenue is ~$14M with conservative P/S ratio of ~5 with 1 Billion shares, stock price should be at least a nickel.
If Airforce contract is ~$400M, $400M/$14M equals ~28.5.
28.5*.05 equals ~$1.42/share.
If they buyback shares, obviously the pps will be higher depending on how much is bought back.
I added 2.67M shares on Friday
Will be adding more on Monday
Updates from CEO Brian Conway today:
This is going to fly next week.
Adding more on Monday.
1) ozoppcti will be new website.
2) Debt is down to $100k that can still be converted, but we got fortunate by having a beneficial investor buy up $1 million of the debt that the other bad lenders had, and plans on being a long investor.
3) After all the conversions, the current OS is sitting at 1 billion.
4) Brian will stay as CEO for the foreseeable future, until CEO Cathy of PCTi doesn’t need him anymore, then he will just go go back to running The Waypoint Refinery investor relations for OZSC.
5) They will utilize the Gregory FCA public relations firm to attract institutions and beneficial investors to buyback the OS.
6) Cathy has her eyes set on growing the company to the point where it gets bought out by some big name company like PG&E, Haliburton, etc., as the energy storage field is projected to be a $500 billion market, up from $50 billion in 2019.
7) Cathy expects to hear back about Air Force contract bid by August. And this is the only public PR they put out, but have a few more contracts they’re working to get.
8) Merge will be completed on June 26th, after everything gets signed, and Brian wires the final payments to Cathy. He will put out a tweet of merge completion, and the official 8k report is expected the following Monday
Global Energy Storage Market Forecast
US became the global energy storage leader in 2019.
https://www.globenewswire.com/news-release/2020/02/04/1979685/0/en/Global-Energy-Storage-Industry-Outlook-2020-United-States-and-China-Continue-to-be-the-Key-Energy-Storage-Markets-Supported-by-Strong-Regulations-Legislative-Policies-and-Incentive.html
https://www.luxresearchinc.com/hubfs/Lux%20Research%20-%20Global%20Energy%20Storage%20Market%20Forecast%202019%20-%20press.pdf
Good info. Thanks.
Nobody knows for sure since PCTI is a private company and all the numbers have not been released to public. We don't have the profit numbers but I have read revenue anywhere from ~$4M to $14M range. It's a wide range but Even if the revenue is on the lower range, I still see upside in share price even with increased share count. We'll need to see the details from the filings to SEC for confirmation/validation.
True common shareholders are paying for the debt conversion to enable the reverse merger but the reason why common shareholders are okay with that IMO is that once the merger is complete, the new company with its revenue and profit is so much more lucrative which will still more than offset the increase in shares and drive up/appreciate the stock price. It is little over a penny now but I see at lease a nickel coming in the near term after the merger.
So based on your logic/post, if and when the reverse merger is complete which should this coming Friday, we should see a pop in stock price since the merger went through. Are you saying there is likelihood that reverse merger with PCTI will not happen? All indications are it is moving along and will finalize by end of next week.
Slowly debt will be converted and there will be no more debt to convert.
But OZSC will have the financial muscle to increase the revenue, profit, and buyback the shares to retire shares without a reverse split.
Once merger is finalized, the next focus should be to reduce shares.