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Fyreball remember we were talking about ISRG and how it had a good day up 3% and bolted over 800...? that was just a couple weeks ago..now its moving over 900. kicking my own butt over and over..and ARGGGHHH!
20,000 shares already today...we've got a little drama going on here...CFO leaves, new COO hired, prolly their most important filing so far coming up..secrets and dark shadows abound.....and who is Lucky Draw?? LOL!
So if super star Mr Lopez can keep his current businesses in Arizona/Nevada etc..he probably cut a deal similar to SUmmers...shit for salary but a boat load of shares..Lopez wouldnt jump on board if he didnt think the device could take market share and survive..since he has seen whats around in the space already...yes..agree..good move .. keep hope alive.!!
nevermind ...the page refreshed and the filing surfaced...werent we just talking about adding a subject matter expert...nailed it!!
Did I miss something..did wainer hire a subject matter expert?
yeah gotta give you kudos for calling that a month ago...Summers resignation letter must have been completely silent about reasons for leaving..but we know. I'm mostly concerned about getting those 900 back out and the next order started..doesnt have to be 1000 and cant see how they can...theyre about 500-600$ to make.. if they havent made progress there it might fall apart..cant make it with just 1700 units out.
With their 11 state certifications, franchises, top of the line devices and CA. boom market on the table, one of the conglomerates should acquire them while they're hurting. Might be our only hope...
the weird thing is Wainer is basically saying nobody has a clue why he left and they state so in yesterdays filing..bad blood maybe.. if you have watched one of the paid for videos of Wainer he comes off as a kind of rough guy...whiskey bar voice..sounds like a smoker...my impression was kind of a knucklehead. they need to pluck some experienced BAIID expert from one of the more established companies to get them on track..
Maybe its a good thing...not much for a CFO to do now that they have line of credit, its a small business financial structure..not complicated..just piling on the debt. He has a business already..maybe he feels he cant be much help vs salary and expenses and time. or....he knows what the quarter looks like and is running for the door...probably the latter. they have mentioned several times in the risks identified in filings that they just might not make it. i think i have already just mentally admitted this will be a loss in my portfolio..
Market anything but boring lately...consecutive new highs going on for weeks..egg on my face for getting suckered in to bigger pullback..leaders are killing it. my bull with a yoke and pulling hard is FB..really want back in NVDA but fucked that up again....news Tues is critical...if wainer is knee deep in non functional devices and no move on the next 1000 were going to 10 again..
Momma said there'd be days like this. I think we knew the Trump rally wouldn't last...now the chickens have come home to roost ( love that saying). BDIC and other OTC stocks like it with little to no volume are outperformers compared to the market on days like yesterday...just staying put. I'm looking for at least a 5% pullback on the major indexes. Got me some UVXY after the open yesterday..goes up on market pullbacks. hope you have some puts or insurance in place ... Or really big kahunas...
GOOS earnings during last couple years....
Revenue grew at a 38.3%, net income at a 196.0% CAGR and EBITDA at an 85.0% CAGR from fiscal 2014 to fiscal 2016 while margins have increased from 38.6% to 50.1%. The majority of Revenue from 2014 - 2016 came from sales in Canada (14.6% growth) while the U.S. grew 75.5% and the rest of world grew 41.6% demonstrating strong increases in brand awareness outside of their home market. In Dec 2013 Bain Capital acquired a majority equity interest
I have it on my penny watch list...interesting that it peaked a couple times at .05 and .04 within the last year but slid back to support at .02 ish. Good entry point? It's a Zen thing eh? Home security becoming more trendy and in some neighborhoods ....essential.
Nice job Fyre....you don't mess around with small positions...and have ignored CNBC talking head clowns...might be more runway on NVDA....to 200 perhaps..
Yeah I'm kicking my butt on NVDA...thought it was over but then they smoked earnings and shot up 30% ...Market knows how to humble...
Need update on several fronts....did they repair the 900 units and get them back out? You know...that's 900 drivers that had to go with a competitor to be able to keep driving. If my device went out, Autosafe has plenty of devices in reserve and it would get switched out same day. BDIC had to inconvenience a lot of customers that are now with someone else. It costs to change to a new device...
Status on the 1000 units "under production" Do they even have parts procured? Are they built?
STatus on Wainer retiring shares. Will it even happen now?
Shell company Lucky Draw. What kind of game is going on there with 1.4 million shares.
Remember in a letter to investors they said they were researching a pot device. Bullshit...and fine that they aren't. They have no RD budget anyway.
I tried to sell a big chunk of shares but no buyers...I'm stuck here.
Meanwhile. Keep GOOS on your watchlist...it looks to be breaking out of its IPO base and heading to 20. Good luck this week traders!
My big winner today...BDIC...up 5% BOO-YAH!!!
Yeah if Sobeck would take his .30 bids off we might get somewhere.. : -)
Put ESSX and CHROM on my watch lists...not much action.. you guys and your penny stocks..wtf? lol..
Yeah enough with negativity we have been dishing out ...fact remains there's a big pie to be had in the space...just want a decent slice of it, even if it's "just a sliver please".
Not really tk....almost 50,000 shares traded...bid/ask has tightened up...stock is up 4% two days in a row..and the ask has moved up to .37. If we get word that the recalled units are back in service things will be looking better...
more merging and consolidation of a going industry..I like it..anything blue collar gives me a woody...good infrastructure play in geo areas that are already on fire and the location..location..location...want to know more..thanks Sobek..
Yeah know you're right..but sure would like to get my bitch on...dont like being manipulated ..
French election sure juiced the market today..got my rally hat on..!!
heres a thought..since we are three of the most interested shareholders why dont we draft up a letter signed by all three of us..? Sobek could author it and we'll send it off. Happens all the time with shareholders..demand more transparency..gets some questions answered.
I've got a limit order in to sell 2/3 of my position here...everything kinda sucks at this point but...the fucking demand out there for a good device is substantial and will get greater...but they came into the industry too weak to compete and get operational..in this space you need to step up with millions in capital ready to go. and look how the big players merged together like pharma and tech conglomerates...still interested here..but with a smaller position..too many other good things going on..Facebook now over 145...with several target highs pinned around 170,, I missed NVDA run and got in and out around 101 today...got some steel with Schnitzer Steel couple days ago..right before the big press conference when Trump bashed overseas steel and said the dumping of cheap ore is over...Letter X might be a buy here too...good luck this week traders!!
Also I'm not a securities attorney ... Is the company playing in the margins of what's legal or illegal related to accurate filings, PRs, major share purchasers or holders...I don't know. I think the PRs can be anything they want them to be but they have to come clean in any SEC filing to keep themselves out of jail.. Also can't cite them as the only company to bullshit investors ... Just don't know how long I want to wait around ..if I sell now and then they get 5000 units on the road in 2017/18 and increase earnings to near $1 mil a year and stock goes to $1. I don't want to be going ARRGGHH! and have to change my name to Sold2soon. By the way Sobbie good job finding Lucky Draw on page 30 ...I glossed right over it.
What can we expect from a guy that filled candy machines and ran a "tax resolution" company that probably took people's money like a real estate " foreclosure relief " outfit But now he's taking our money. I might have to get out of this at .40 if I can...
first impression is it stinks...fake physical address..doesnt really do anything...shell company feeling. no PR about it..all of sudden has as many shares as Doheny..WTF. first..1/3 of their devices come back in on a unannounced recall..and now a mysterious shell company owns 5% and we dont know how...SEC first complaint here we come..
hey Fyreball....did you see ISRG jump 8% to over 800 ?? ARGHHH!!
well thats kind of a bummer...
i think I mentioned earlier how finicky and faulty interlock devices can be..at least they're not installing bad devices in customer vehicles like some companies do. yeah they could of and should have warned us all that around 700-900 units got returned for repairs..i think they were mis-calibrated and not a parts thing. nevertheless..things are clearer now. its gonna take another full quarter or two for good numbers to start getting noticed...then maybe some decent financing can occur..
well that explains where most of those 900 units went..back for repairs. so this quarter if most of the units are on the road we should see around 3600 devices getting into vehicles. Dont agree with Wainer that they need a service center every 5-10 miles across a state. Nobody in the industry has that. And to think someone is going to loan them $50 million is a pipe dream. baby steps...get 5000 units on the road...get CA territory secured for the new law for first offenders in 2019 ..they have 11 states in which they are certified but only active in 5 or so. Morningstar rating not a big deal..need to move up a notch to highest level of OTC...and get this thing over .50 !!
well I looked back a little and the PR's were saying one thing and the filings another. is it 2600 units or 1700 actually leased and making revenue...they call it "deployed" ..what the hell does that mean? the 10K actual verbage was "majority of the units deployed" not all. but why would 900 of them be sitting on shelves somewhere. the distributor pays an upfront fee just to get them in the door..couple hundred or better I think..just to get them from BDIC so they are not going to inventory unleased units. this "recieved and leased in a day" rhetoric not holding water.. so somebody is pulling our leg.
Well this is what we get for dabbling in pinks...fuzzy math and lies. Most of the filing outlines all the shit that can go wrong...and that their internal controls suck...they need a good accountant/office manager that can clean up internal financial controls and reporting...neither Wainer or Summers have those skills...seems they're kinda fumbling around with the company.. There was no foward guidance except to say revenue will increase as the new units get leased..
i errored a little G&A were 458k last year 160K but still a $300K increase...
and..not much or any mention of Wainer retiring shares for sure..that I could see..
nothing about anticipated increased revenue and leased units in CA when new law takes effect..that alone could sustain this company..
under 80 shareholders like the three Amigos here...nobody likes us..
why dont they have to have a conference call open to shareholders?? cause they're pink? would love to ask some questions in an open forum to keep lying and avoiding to a minimum..what do you think?
upside is they did increase revenue 1000% yoy from $30K to over $300K. thats somethin anyway ..and if they can get 1500 more units leased and on the road that would double to over $600k a year...that should spread around enough to satisfy creditors and move a big step to positive cash flow. BUT....are they lying to us about how many units they really have and leased and on the road?? How do you explain company news that 2600 units "flew off the shelves" but oh..we really only have 1700 on the road. and how do you explain G&A cost of over $300K ..when last year it was $30K The only advertising they do is done by the state creating a list for offenders. They admit they are a miniscule new comer to the space. and frankly are really late to the party. bottom line is gotta get the 900 units made...and the 1000 being made ..on the god damn road.
Earnings: they say they only have 1700 units leased...thought it was 2600. Administrative costs up almost $300k for " advertising and consulting fees"?? Bullshit. Unless they raise more capital and retire the mountain of debt they've accumulated this doesn't look good. Wasn't impressed ..
yeah this makes me nervous that they are seriously late with release. But something would have to be seriously f'd up for this thing to go down more...but who knows...nobody. I love Intuitive Surgical...they make the Davinci robotic surgery device the doctor used to do surgery on me. Thats another one that could approach 1000 bucks a share in the next few years..
Most home gamers lose money...I'm down overall...but still in the game. NFLX off its close but still up for the day... Holding in there nicely.
When I started trading in 2005 BIDU had just IPO'd and rallied hard to like 130 or so ..then slid all the way to 40. Over the next few years it climbed to 700 before splitting. ARGHH!!