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Sounds like there are various stories about what's real and what's not. Earlier announced deals seem to have been suspended or canceled. And who would pay $100 million for no numbers other than another shell. As indicated, anticipate it's someone close to the company. More machinations without any numbers or identities. $100 million?? Be serious.
Wouldn't surprise me and there are others too in the shadows most likely. How can this be valued in a deal at north of $100 million. But note that the deal is "in kind" so shareholders will just get a different piece of paper. Likely another shell that's been hyped even higher. Just scandalous. And no disclosure on who? Come on. Frtd always releases the deals it was doing prior to. Simply something to boost interest. Don't be surprised if the acquirer is owned by an insider which valued its shell at $500 million and thus frtd get diluted away.
Amazing. Just when a disclosure was to happen, company announces an LOI for $.12 per share, thus placing a $100 million value on the biz. Are you actually serious???? Sure the acquirer is another high priced shell that is valued even higher. Ponzi par excellence. Orchestrated so that hard questions are not responded to and CEO attempt to position himself as the great value creator. Story only gets better. Won't be surprised if this isn't an inside deal.
Proof up. Show the numbers.
Yep. Believe the quadratic equation may be necessary.
Need to count the shares. And WHO owns what. Factor in the preferreds and new light will shine. And how are things being acquired? With what? More shares? Seems like a bit of conflict in buying shares on one hand and using shares to buy things on the other hand. Is there a plan? Where's the cash? And what did that cost? Lots of questions to be posed to the CEO.
What did they pay for it??
Well best of success on the moves. Seems that management should be courting investors that believe in their ability to create "intrinsic" value as they describe their goal. But given the nature of the float and level of trading it would be very difficult to build a company thru investment and acquisition as you use your public currency to do such. If this was a fully funded SPaC then that's different. But this is truly a confusing approach to creating value. What are they using to acquire or invest? No apparent funds and I doubt if a seller would take this stock as payment unless there's a floor on the price to protect the seller.
Fair enough. Trading as you know adds to volatility. And yes there are those that move in and out quickly. But if as frtd claims in its description that it's goal is to build intrinsic value, it should be courting investors that just hold and allow the company to perform. To allow a stock to move from $5 m in value to $70 m and then back, there appears to be an inconsistency here.
Yes. That is amazing. $60 million of value on news. Is it better to invest on news or numbers? As mentioned, if the company was valued at that level, they should sell stock taking advantage of the premium and build a cash hoard. That is so they could do these proposed deals. Rather they talk of buyback. Why no discussion of a reverse split to get the share price up? More investors would enter as many don't participate if the price is below a certain threshold. And they want to graduate to Nasdaq? With the volatility, this is purely a trading stock, not an investing stock. The news seems to have a negative effect on things. Show some numbers and bring in "investors" who believe in a value creating story. Not traders looking to capture a cent or two. Think about it. 17 million shares traded a day less than a penny, or in total $170,000 can move its market cap by tens of millions. I believe that an amazing phenomena. So are you a trader or an investor.
Admire your commitment to this. I'm simple minded and would like to see the numbers. How are things being financed here? Any clue? Heard the website deal was an insider transaction. Why don't folks that are on the other side of all the various deals provide any comments? You would think if their businesses have a great new shot in the arm, they'd be doing their own pr? Show me a balance sheet with resources to consummate deals then I may not be skeptical. And I just downloaded the 10k again. Did anyone notice that the balance sheet doesn't foot? That is the assets don't equal the liabilities plus capital. Boy. If one is filing public reports you had better make sure you understand GAAP accounting. Someone should pose such to the CEO on the pot show.
Why would any business blatantly expose its margin structure to those you but or sell from. Think most doing business after seeing such margins would renegotiate either on the buy side or sell side. With the margins seems like the consumer will be paying a markup of many times. Suggests that if the margins were this good many others would jump in the space competitively and compress margins. I get further confused on what this company is about and why there's such passion about it. Show me a private company actually doing even $5 million in revenue and is profitable and that would be investable. Lastly the post about the sec focused on mj companies has to be incredibly disconcerting. What the ones that got suspend, please compare their press with this. My sense of value for this is a market cap of $100,000. So on 900 million shares (remember there are other classes of stock besides the common) this is overvalued by maybe 60 times. Will be interesting to hear the pot pitch this weekend.
You're optimistic. Think about if this company was to reach $0.10 that implies a value of $70 million. and to acquire such businesses to support such value there would need to be some financing that comes in. What's the dilution on such new money? Supposedly the affw deal was to reduce dilution for the crowd deal. Dividend of 14% of another shell?? Someone needs to answer how these deals are getting funded and the cost of such. Can't be naive and assume revenues come in without paying for them. What's being paid for the online shareholder site or the vapor bites or anything? Someone is just giving revs to this company??? At this market cap, I would assume they need to be issuing shares like a Banchee to get deals done. They seemingly don't have cash to buy things so they need to use stock. And I simply can't believe the early mention of the notes they allegedly got from pro cap would have a conversion price as referenced. Why would anybody convert into equity at a $300 million value. At this stage?
Glad that seems to be support for management. Would seem that propping the stock would be a good use of the currency to do deals. Not having participated in OTCc stocks it is fascinating to watch the banter. I have a hard time committing capital without seeing numbers. Stories vs the filings are so different. Based on the pr, I would assume that q1 should show $5m in revs and be profitable. Why aren't hard numbers are provided? The mj business is highly speculative which seems frtd is only on the periphery at best. Auction biz is small. Nasor is absolutely confusing. And seems that someone questions the Crowdfunding deal, though that's a very hot space. The press today talks about the cloud. At the end of the day, what hot space is frtd NOT in. We have mj, crowd financing, cloud, seo. Wow. Sure this will soon see mobile apps, something to do with climate change, privacy, and drones to be forth coming. Check out the hot spaces and there will be a frtd initiative. Fascinating. Own a real company and build it. Produce numbers and play the multiples. Seems like lots of folks are "trading" this and not investing in it.
Will be a test of veracity. Amazing that rumors and rumblings can increase the value of this company to $50 million and then wipe out all the value so swiftly. Don't really understand where the company will derive revenues. Debit card business is very small margins, Crowdfunding also. And the recent website announcement confuses me as there are only 5000 listed stocks in the US and so it seems the company bought the next bloomberg. What did they pay for it and with what? Not to be suspicious but then again.....
well, looking at the 10k they filed, there wasn't anything on it in terms of revenue. and that was only about 45 days ago. wasn't there announcements of things last year?
what makes this company worth 9 million? are there any revenues or cash flow. anything more than a few pr pieces? please educate me. given that one can buy a shell for $100,000 and then drop something into it, it would seem that should be the price. i heard that they bought another shell. is anything in that one? if not, then you have something worth $200,000. on 900,000,000, that would suggest the price per share to be $0.0002. Am i missing something?
read the PR, and it seems like certain announcements are forthcoming, but seems like they are on the same topics. what do investors expect to hear and what will be the likely outcome for the shares based on additional PR? Are there specific expectations that the investors do or should have? Will there be an expected jump in the share price? or conversely, what will not meet investor expectations? How far can this swing from high to low?
Building is great. As long as the investment in the build adds value. I read somewhere that this company was buying back shares. Why? If the price got up to where the value was at $70 million, I would sell more shares and raise $10 to $20 million of dry powder and invest in growth, either internally or through meaningful acquisitions. Or as FB did with Oculus, use a high priced currency to acquire something. GOOG uses its currency, given its price, to pick up next gen technologies, while others take advantage of market premiums to raise cheap capital. Value is built through ultimately producing something, and public "currency" can perform magic. Using any capital to repurchase shares given the basic value of this business, I am completely confused. Always willing to learn though.....
Seems like investors in this 'pink' area look to some level of technical analysis, which is fine when there are underlying numbers to support basic valuations. We have a simple approach in valuing companies -- we look at top line, cash flows, growth rates and figure the appropriate multiples to be placed on them. also look at emerging technologies and traction at particular stages. historical performance is certainly some indication of the future, but new initiatives or acquisitions can add value. still, i am confused as to how companies on these markets can be valued as they are. Lemming effects, I do understand, but they follow a leader who hopefully has done deep research and analysis. Then they jump on board, as they don't want to miss out on an opportunity. Having been in the 'angel' space, assessing early stage and later stage companies, there is a methodology to placing value on the company. and also understand that there may be a premium paid for liquidity of a public company, but with the private markets transacting activity on a secondary basis, liquidity is found there too. so it really comes down to performance, numbers, and appropriate values. i apologize for my ignorance here, but i find this "trading" quite fascinating. maybe someone can explain what this company actually does. and why they think its valued at $10 million, let alone $70 million. If the price got that high, i would sell the company. simple mind.
does anyone watch the market cap rather than share price? while they are derivatives, with the number of shares o/s, the value of the business at $0.01 is still over $10mm. And when it reached $0.07, was there really $70mm of value in the story? Generally, most companies at that value are showing some decent numbers, both revenues and income. At $70mm, would assume a company is producing $10mm of cash flow. Am perplexed how this market works. What is the true overall value of a company with just PR? Tech companies with tangible stories out of Boston, Research Triangle and SV aren't valued like this. Very much a learning experience.