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I guess the question is what state of the art product are you talking about? Can ypi point to anything they have in the market right now generating revenues.
they've been pumping the IOT thing for over 6 months and it blew up the stock, but if you look at the transactions they haven't been IOT related. I think the old CEO was trying to bring in the businesses he knew to help balance sheet and income statement. Now that he's gone not sure what's going to happen with that.
Mansour is probably going to start driving the IOT business but that's been on going for awhile. They need to get their pet tracker on the market and prove the market wants it. Their indiegogo campaign only raised 59k going into 5 months. That's not really mind blowing when other campaigns raises hundreds of thousands of dollars.
Time will tell.
Just realized it hit below 2.00 today
Seems predictions are in your favor
Finally got the balance sheet for ECS
https://backend.otcmarkets.com/otcapi/company/sec-filings/12786229/content/html
Basically looks like the company overpaid for a very low profit company. Interesing that the Ugopher business could potentionally bring in close to 50mil and still not produce anything to the bottom line. Hopefully they can get some synergies lined up to reduce the COGSS
depends on exp. with enough exp then they could make it work but if they are just learning then it's gonna be a problem. We'll have to wait and see. They create LLC's but don't really hear to much progress from them.
That's what it seems. I question the experitise this othet companu brings.
About Lara Group
The Lara Group is a leading firm in Costa Rica.
Mr. Lara is a Costa Rican attorney. He specializes in providing legal consulting in international tax planning and real estate development for individuals and companies from Latin America investing in the US and US individuals and companies investing in Latin America. He is a member and partner of InterTax, a legal and accounting services firm with offices in Weston, Brickell and Orlando, Florida and San José, Costa Rica. Mr. Lara has been at the forefront of the financial technology landscape in Latin America since the formation of the Lara Group. He is a frequent speaker in industry conferences in the region.
Uh-oh, watch for the pr for their entry into block chain in the next couple of days
Fundamental valuation does have this priced lower. We'll see how it works out
Gradual decline is what i expect till we see news that generates massive amounts of revenues.
Absolutely agree. We see this alot. I tend to look more into what the company releases and how often they release. When it comes down to it, for any investment you make you have to have some type of faith in what the company releases. If you have no interest you move on. If there is any interest then you measure the risks and decide if you want to take it or not. Every single equity investment is a risk. It's up to the investor to decide if they want to take it or not.
LOL. Everyone should make their own money their own way.
I'm happy with mine also. Let it ride.
Any idea why people are so mad you bought this stock?
price already took a hit.
sit and wait, sit and wait.
I guess some people saw something scary as well
Pump has already taken place. It looks to be ramping up again. It shouldnt be any surprise they need to issue more shares. Dilution should he an expectation to anyone buying this stock right now
well if your do the due diligence you would know the pattern and decide if you want to take that risk.
I knew and i'm taking the risk. Doesn't bother me any. LOL
Last time i checked financials have been disclosed. Always late but disclosed.
not on the market yet
Thanks for the "good news" which we all knew about. Exactly whats good here and how does it help the bottom line?
Thanks for the "good news" which we all knew about. Exactly whats good here and how does it help the bottom line?
Still no iot product on the market
It didn't say the 8k just reported it. Very interesting, he's pretty much responsible for all the revenues coming in and the asset purchases. Not sure of the direction of the company now. Mansour was really responsible for marketing of the orb. Not sure how much he was into Ugopher and how much attention it'll get now.
I think better news would be how this helps the bottom line.
Management Changes for GOPH
https://backend.otcmarkets.com/otcapi/company/sec-filings/12770902/content/html
2 new Board of Director Appointees.
One of them very interesting
Robert Yaspan, age 72, has owned and operated Law Offices of Robert M. Yaspan since 1997 where has focused his practice on business reorganizations and real property law. Mr. Yaspan received a Bachelor of Arts degree in History from the University of Chicago in 1968 and a Juris Doctorate from University of Southern California in 1971. Mr. Yaspan is the manager of REKO Holdings LLC, a significant shareholder of the Company.
On May 17, 2018, Mansour Khatib, Chief Marketing Officer and director of the Company, was engaged as Interim Chief Executive Officer to fill the vacancy resulting from Gregory Bauer’s resignation as Chief Executive Officer and director of the Company. In addition, Michael Murray, a director of the Company, was engaged as President of the Company. The Company and Mr. Bauer entered into a Consulting Agreement for a period of one year for compensation of $15,000 per month to provide services associated with prepaid financial services.
Myself and others have tried and they wont address it. Which is fine.
why would non shareholders be on this board for 11 years?
This company must be great. Why else would people spend time researching and participate in message boards for years.
I thought i said the ce has to remain for a minimum of 30 days but the company still has to get current. I couldve sworn you said it wad going to no bid and sec was stepping in. Lol, hows that no bid coming. Company has been slow on reporting before so no big surprise there. Good thing about being a long term investor is that i can just sit and wait. Zero losses incurres.
I think everyone is waiting for all this to happen. Its good to know you seem to have inside information
Im glad you agree the company still needs major investments in order to move forward. Interesting that they are not getting it.
They need to have an investor come in with the same belief that everyone else has and invest 10s of millions of dollars. Getting equity financing at 50% discount doeant show a lot of confidences
I've been making this point for awhile which is why i say the stock is over priced. 83% of the assets are intangible. If you take that out of the equation then your looking at -4mill in stockholders equity.
If anyone does the slightest DD they'll know some claims are incorrect
A couple of people have claimed zero debt but balance sheet shows 6.5 million.
Recently someone said the company was in the black but the income statement clearly shows 14mill net loss which translates to -.16 per share loss to shareholders.
Can you please provide the information that shows the company is in the black. The 10q says very red.
1st Quarter Earnings out
https://backend.otcmarkets.com/otcapi/company/sec-filings/12752533/content/html
Highlights:
7.8 mill in revenue (Almost double from previous quarter)
Reko converted all Preferred Series D shares
Total assets up to 12 million (10.4 mill are intangible)
Areas of concern
Profit margin is 2.5%
Without acquisition cost losses still amount approx 4.2 mill.
Ugopher is still the money maker but those margins really need to improve.
they seem to be burning thru a lot of cash. 1st quarter reporting i believe should be this week. Interesting to see the revenues from Ugopher. This is the part of the business i'm interested since no one else seems to talk about it. lol
If the PPS is so low then why the the new equity funding price at $1.65? GOPH just sold a lil over 1 million shares for half the current market price.