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Looking at MarketWartch, EXPO which is company with a $2.3B market cap shows as a competitor of GLFH. For the dreamers out there, a similar market cap for GLFH takes the share price to $30+
Going to the lower end of the competitors and looking at their market cap you get to WGRP with a value of $35.8M which when similarly valued we get a share price of .495 for GLFH.
Can't wait for the 10Q so that we can see the company become a true competitor of the others as GLFH moves towards that lower end number and just maybe starts to look dollars in the eye later this year.
I'm with you on this, in that I would only want a starter position if I was taking a position right now. Thankfully my avg pps is .045 so I plan to just wait for the next leg up.
I have broken most of my OTC rules with this stock; normally, I'd be sitting on "free" shares at this point and would have flipped when ASCM showed up with the RSI pushing 90. I would have sold for another flip a second time into the 250K bid that got filled last week.
In this case, the normal OTC rules that I followed would have netted nice profits and additional 40%+ shares in my account (and I was tempted,) but this stock I view as a pure investment and don't want to miss the next leg up because I was playin OTC games with my shares. I've got a nice stash, though not as nice as some of you other folks, and I'm excited to where it goes. .40/.80/ 1.20/3.50 Whereever the price goes is going to be a fun ride!
Dinner at Brennan's and a little zydeco with a trip down Bourbon to clown around around with the street performers...one of my favorite places to spend a weekend!
GLFH is going to pay for a few weekend trips!
Let him paint. Doesn't take much to see that most sales were closer to our .21 base that they've been at the day's sale prices.
And todays Blue Light special has come to end!
LOL...I see enough that I would not invest here as a long, I'd be looking for nothing more than a bounce play that I can get in then get out for a quick 20-30% gain.
Waiting on the sidelines for now though.
Just came across this ticker running through my screener search and have some interest here, gonna do some more DD. One question, is ASCM hanging out here full time on both the bid and the ask? I'll feel more confident with them gone. Downward pressure may not be done with them on both sides. I may look for an entry around .16 or .17
6 posts, all about coming news (ie. Tucker Pipeline?), but no links or any other info to back up the claim of news on the way. I'd love for you to be right and if you are right, I'm going to be convinced you're an insider with Galenfeha, Tucker, or some other affiliated party. LOL
We shall see. With or without news, GLFH is a gem of a stock here on the OTC! Holding long for huge rewards here!
Have a great day!
Nice base to be sitting at in the .19-.20 range, but I think without news, we aren't going any higher for about 2 weeks. Maybe the week of 5/7 will start us moving upwards towards a .30 pps in anticipation of the 10Q.
Longs may get another chance at getting some shares in the .15-.16 range when we see some of those with avg pps holdings in the teens get impatient and start selling off some of those big blocks at .20 into the bid.
Either way, should be a quiet couple of weeks with little movement unless we get some early news befroe the Q drops. Just me .02's worth of thought today.
ETRF looks to be trying to control the price, CDEL may be someone who is just getting nervous, and everyone else is camped near .25+
All is well here!
Puts my stash to shame...I'm hoping we push to a little more than a buck to get me to a six figure return. You're going to have an awesome payday (and tax bill) soon!
For $22, tell CDEL to clear their order. LOL Nevermind...Done!
I was tempted also, and would have pulled the trigger if I though the pps was going back to about 16. If I see another chance to flip my holdings into a stronger position; I'll probably do so. Just don't trust that we will see 16 again...at least not where I could repurchase 100K+ shares at that price. The bigger risk yesterday is that I would have sold into that huge .22 bid and watched the price continue to climb.
I like the sideways action with time for the RSI to cool a little and alleviate technical signals that would push others to sell of and create another ASCM situation. (Although, that did give an opportunity to double your holdings at no cost if it had been played right...I didn't do that either.)
Happy to hold what I have at my .045 avg pps.
Gotta have the occasional quiet day. That $60K block at .22 yesterday was huge! Should give confidence to anyone who may be waffling here and thinking of selling today that larger investors have faith in this company along with the insiders who have been buying throughout the fall and spring.
Patience will be rewarded throughout the year here! Nice to not have to worry about this OTC stock!
Staying right here in the 22 - 23 range all day would be fine with me! Let the big money get some of their order filled while we keep the trend in place with a little sideways action.
Even VNDM has removed their order to sell at .25. Nice!
Seems OTCX has been trying to control the market and walk the price down a bit today like ASCM did. LOL. Can't spook shareholders today, although they may have slowed the ascent from the pace we started the day at.
Thank you for taking the time to put all that together to explain past, present, and future to those who are long or considering taking a long position so that we can all have a clear vision of the big picture here.
GLFH is very likely on the way to becoming a big company in just their 3rd full year of business. (Off the top of my head, I think it was 2016 when they got started.)
MVP, you have detailed some of the PAST reasons why GLFH's stock price fell to the .01-.02 range; which has given us a great opportunity to get onboard with a very young company that has a defined plan moving forward towards profitability and increased share prices.
This is the OTC and there are reasons why a companies stock price is in the pennies, but all that you state is in the past. $3.6 mil in losses over the life of the company with no dilutive financing sounds like a positive to me compared to most OTC companies...you have to remember that this company has only been in existance just a few years and it takes time for most to gain market share while finding its identity. Looks like the niche that GLFH wants operate within has been discovered and the company, along with shareholders are well on the way to a profitable future that will provide a 5 to 10 fold return on investment at a minimum from these levels.
Thankfully for some of us, we are already sitting on 100-150%+ returns at the current level.
You state things that are very true to most OTC stocks and I am in a couple of those wash, rinse, and repeat stocks where I make $500-600 most every time I flip them.
However you make such claims here where just looking at the charts and history of the company (from 2015 to current) to see that there hasn't been any diluting actions and the current FINS (that are audited) confirm the lack of convertible debt which is requuired to do the wash, rinse, and repeat thing where the company is merely surviving through the sales of stock shares and false promises.
Further investigation, and personal discussions with Ketner, give most of us the confidence that GLFH has a real plan that they are in the process of executing that will take us to the .40-.50 range at a minimum and quite possibly the the $3.50 area.
GLFH is a gem among the OTC and the 10Q should show progress with the revenues and growth.
Right or wrong, you're more than entitled to you opinion. However, you haven't been following this board for "quite awhile!" Virtually no one has been following this board for more than 6 weeks when this company showed up on a few of our stock screeners and radars as many of us are constantly researching for opportunities given by GLFH.
IF, you bought in at .015 as you stated and sold out today then just be grateful for your ten bag return??? But to only have a few posts in 6 years and for them to be right here at this time...now that's FLUFFY!
How's that for a little confidence boost!
Book value here $2.42 Could make for a quick profit as things shake out and find an equilibrium point; however, I think I'll stay out for now. Just when you think it can't possibly get any worse...it does. Gonna watch for a point I feel a little more comfortable and prob jump aboard.
I have a 1500 shares of TVIX that I am planning to sell today, watching L2 and waiting to hit the sell button. I'm considering using those profits funds to increase my holding's here.
Easy ten-bagger from these levels after the FINS are released.
Congrats, was watching another ticker and looked back to see that someone got impatient, LOL, great news for you!
It's worth a try, it was working for ASCM. OTCX can't seem to make up their mind if they want to sell or not. LOL
Strong hands at this level.
Surprised and glad to see ASCM go away today. Now for the calm before the storm when FINS are released!
Someone needs to clear out the few .15's that are available.
I think he monkey's around until we get the current filings. Suspect volume will be down a bit today and we sit right here at 15 until we get the filings.
Knowledge of the types of trades ASCM specializes in mixed in with a little experience and understanding of technical trading.
I love fundamental trades which is why I am in this as a long-term hold, but others are still trading this as a tech trade only along with ASCM manipulating prices to their benefit the last two days. This will shake out and we will back on track, gotta remember the fundamentals and the fact that this is also a low floater so shares available are limited.
Have a great evening!
I think the share structure scares most off here. I've got 75K shares at .006 but I leary of adding more. Just don't trust the number of shares outstanding.
Oh yeah, that's huge. If there was toxic debt on the books, I would have have flipped a couple of times, sold out in the .10-.12 range, and sat on the sidelines happy with the earnings.
However, for a real company with earnings and a plan such as we have here, the rules revert to my investment rules where you buy, hold, and look to add on dips.
Nice! Thanks for the info, the one area that shows the ticker to be bearish is the RSI...and damn if that ain't the one rule I have in my bag of trading tricks that I broke with this ticker. Rules told me to sell at .23 and look to re-buy at .16, I just didn't think this stock was gonna follow the "regular" path. Oh well, it's still on the way to dollars, just wouldv'e been nice to "flip" my 38K shares into 54K shares.
Thankfully, no other rules have been broken or I'd take my profits and sit on the side for a day or two and let it settle back down and most of us had to expect some downward pressure due to the high RSI numbers.
I'm with you on your math and put $5K into this ticker at .033 and sold out at .012 taking my hit. Unfortunately, I think Toxic Avenger is right on this one. If you can hold out long your plan may work out because as of now this is a fairly clean shell that might be attractive to someone with a real business plan. Otherwise, TEUFF share holders are probably SOL.
I keep watching though because if they ever do ramp up operations again, we will see this ticker make a run into the .40 - .60 range I think. Shouldv'e taken TA to heart before jumping into this thing earlier. LOL!
If we had slowly walked up to this price point we'd all be happy. Unfortunately, we got a taste of the ticker being .10 higher. All is well, shares are locked and ready for the next move.
Spoken like Buzzy himself. LOL! Like I said, good luck with this, but I DO NOT trust Buzzy. Only those who have yet to be burned by him show him any real trust by discounting all his negatives. Fernhill was more than issues with the learning curve as you say, it was Buzzy manipulating things to maximize money in his pocket. Potential you say for Fernhill and Leap of Faith???
All I know to say about potential in the land of stinky pinkies is that you need to wish in one hand, shit in the other and tell me which one fills up quickest.
With that, I'm going back to being silent on this board, though I will be watching, flipping this POS, and reading the gripes about where my shares are and how stupid Buzzy is when the Leap of Faith share thing fizzles into the realization that all Buzzy does is let his "investors" down. GLTU and everyone else buying into the same lines that were used to sell the Fernhill spinoff. The results will be same because Buzzy is the commmon denominator and he has left carnage and dilluted stocks with no value in every ticker he touches.
You are correct, just know that FHBC was established at .50 a share and some are just now having shares released to trade at a value that ranges between .005 and .006 while others are struggling with whether or not their shares will be released. No doubt some are in the same boat as I and never recieved their shares even though they were share holders of record on the ex-dividend date.
Hopefully this spinoff goes as you are hoping! Buzzy's track record just isn't very good. Thankfully, if you are buying a bunch of his VGID shares to get the spinoff shares at the current prices, you should be able to get out of the investment with minimal loss at worst and at best, you're right!
I wish you the best and hope you get your million!
Read the origiinal statement; the original statement was that no one was going to make money flipping VGID, only those who bought and held would make money. I simply laid out what I have done over the last 2+ years in this stock.
I am simply a guy who has figured out how to make a little cash off guys like Buzzy. I did give him the benefit of the doubt when many were saying "beware Buzzy's tactics" 2 years ago...they were right then, and we are right now. Buzzy will only disappoint. However, if played right (and I showed you how I do it), tou can make a little cash here. Or, buy and hold and watch your accounct value shrink.
17 mil market cap in FHBC and 36 mil market cap in VGID; those numbers aren't going to happen.
And to you! I do hope that for those who are long here have things work out in your favor! That way we will have all made a few dollars.
Because it is. LOL It's a slot machine if you show a little patience and flip it just right, just like this ticker is going to be. Seems to be in a range of .005 to .006 right now. I'm not ready to jump in for 20% flips, but once this pig develops a range that returns 30%+, I'll be here scooping up cash on a regular basis.