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Agree. Igen is in the right place at the right time, and they are ready to DELIVER the goods. It's an incredible opportunity for this company and one that they've been preparing for for years. It is all coming together now.
No doubt in my mind. That intraday run to .50 cents last week was no fluke. In fact it was a tip-off as to what the true potential is here.
It's clear as day to me. If the stock is rising 10-20% on VERY low volume, what do you think will happen when the volume spikes into the MILLIONS, with the float completely locked up?
We are not talking about some chincy EBay ecommerce sites either. Check out Tesla's shopify store for example. Impressive.
https://shop.tesla.com
Their market cap in 2019, was $170 million mainly from revenue from Tieshan Oil alone. Just returning to their 2019 market cap puts this well over $2 dollars per share, but that market cap was achieved BEFORE the acquisitions of Wandi Coal and 99 Holdings. I can't see any reason whatsoever this shouldn't return to and exceed their 2019 market cap, with probably more in the range of $300 to $400 million market cap eventually, which would put us easily at $3 to $5 pps longer term
And many other big names as well.
Budweiser
What, are you surprised to find the King of Beers on this list? Well, you shouldn’t be, because they registered more than $11 billion in sales on the Shopify platform. The brand has been in existence since the late 1800s, but only once they made their Shopify debut did they take the next step in engaging with their primary customers to drive extra brand loyalty.
Sephora
We’re back to the world of cosmetics, as the perennial superstar of the cosmetics supply industry uses Shopify to provide the best possible experience for their customers. They expertly integrate AI chatbots into their storefront to assist customers in finding the ideal items and have expertly categorized their stock for maximum searchability.
Oreo Cookies/Mondelez International
What red-blooded human being doesn’t love Oreo cookies? Well, they’ve also hit the online marketplace via Shopify, as the company decided to run a promotion where customers could design and order Oreo cookies to their own specifications. It was a rousing success almost immediately and was a great example of risk vs. reward for established retailers.
Red Bull
This energy drink juggernaut supercharged their revenue thanks to the online market they created on the Shopify platform. Legal restrictions prevent them from actually selling their core products online, but that hasn’t stopped them from making a killing on branded merchandise that their loyal customer base has gladly eaten up.
Nestle
You wouldn’t think a company like Nestle, with its tens of billions of dollars in revenue, would have any need for a Shopify presence, but you’d be wrong because it served as the underlying outlet for their Nescafe Sweet & Creamy instant coffee at launch. They built out an entire e-commerce operation, integrated it into their fulfillment operations, and included analytics, and did so in under eight weeks, a monumental success even for a company that size.
Interestingly, Tesla also uses Shopify.
The e-commerce platform Shopify powers retail operations of all shapes and sizes, but it’s not just for small startup businesses as some believe. In fact, some of the biggest brands use Shopify to generate millions (and in some cases, billions) of dollars in annual revenue.
Tesla
When you think of Tesla, you’re almost certainly thinking of electric cars and the company’s co-founder and familiar public face, Elon Musk. Tesla has shown that even the automobile market can be thriving in online markets, as their Shopify store is one of the most successful and easiest to use around, bringing them revenue into the billions each year.
I know that, but the report was filed on Aug 7, and that is the most current OS as of Aug 7
OS is unchanged 1,056,629,366 outstanding shares as of Aug 7, 2020
So what, you're bringing more awareness to the stock by creating controversy? I guess...whatever
With this solidly over .01, it should hit alot more radars over the weekend.
Today's action was very telling. The first run up to .013 before noon was an incredible explosion of buying and volume. Then of course sellers came in and brought it back down but the bulls took control right back and closed it at the high .0142. The way this traded today was a game changer imo.
NO selloff into the close this time. Very good sign for next week.
I think it will close strong judging by today's price action
Setting up nicely for a monster run
This is about as healthy a chart as you'll see. A nice combination of consolidations and advances. What you want to see for a sustained run.
The spring is coiling tighter and tighter.
As long as the share structure remains intact, I see this trading in the $3 to $4 range eventually. That range is line with the CEOs intention to uplist. He's a smart guy and I believe sincere and realistic with his intentions. He knows that any further dilution would make uplisting much more difficult.
We should be getting the form 7 monthly report either tomorrow or friday
Nice to see this finally waking up
Lots of accumulation today at these levels
$3 to $4 is completely attainable in short order
P A R A B O L I C
He bought 17 million in one purchase in June of this year
Don't think it really means anything, if you look at his history of buying, he's been buying smaller amounts of shares very consistently, like every month or every other month, for a period of several years. So, that pattern is just continuuing. Not to be taken as some secret "signal", but not a negative either.
We'll find out before the next 10Q. Form 7 on the cse will be out next week
Current revenue from Tieshan oil and Admall = $30 million
Estimated revenue from Wandi Mining = $50 million
Expected revenue from 99 Holdings in 2020 = $12-20 million
Expected revenue from Culmination Radiant = ?unknown
Over $100 million in revenue coming here very soon
But, that kind of revenue guaranteed for the next 20 years? Is not to be found on any other OTC stock
Yes but that $1.2b billion is over the entire lifespan of the mine. They expect to extract about 1 million tons per year for close to 20 years. That still translates to around $50 million per year in revenue given the current price of coal.
This PowerPoint is a great DD summary. Thanks for sharing
The dollar volume today was close to $800,000 dollars traded, which is solid but not HUGE, and it is up over 200% on that volume. That number is only going to increase imo in the coming days as attention dramatically increases here, and, you can imagine what will happen to the pps as the dollar volume goes into the millions.
Doubt that since he owns 30 million commons himself
Yep looks like Neil added to his pile again
Holy crap...just checked in here and saw the close. KABOOM! Can't wait for next week!
Well, guess I was wrong. Market is just crazy low here