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It's a chicken and egg thing with emerging technologies with small customers and NDAs. EliteCrete assumes they have a competitive product offering using HCTI hardener that is superior to competiton in performance and cost. They think they can gain significant market share with the formulation by proving these results to the marketplace. If all their competitors read a shiny PR about the secret ingredient - they all rush to HCTI and formulate the same way quickly eliminating not only the performance advantage from EliteCrete- but also cost as the bigger players can buy more nd drive down their costs. The NDAs are necessary for innovation. Without them, the larger players would continue to rely on old tech (across any platform). No new competitors would emerge knowing they would do all the leg work and then just get crushed once market acceptance occurs. Sucks for shareholders as you want the world to know so sales can increase exponentially but that is not the way it works
This looks like it is going to move quickly thru trips
I'm not talking about fluff PR pieces or such. Just a quick, official tweet on CD remaining each day or at least at the EOW so long term investors can counter balance the clippers and shorters. Without a real time balance, we are just set up to be abused by the naked shorting machine that is synonymous with convertible debt. Give us some leverage
If he isn't happy with PPS, why not constantly update shareholders with amount of debt left to be converted? Then shareholders can look at remaining debt, figure the discount to market, and make some informed assumptions on how many shares and at what price remain to be converted. Using past filings to get these #s is like looking in the rearview mirror to determine where you are going based on where you've been.
I certainly haven't been here as long as many on the board but right now, as a long term investors, why should I trust this pinkie is going to be different than 99.5% of the crap down here? Is there $20K or $200K left to convert? Makes a monster diff in the death spiral. If investors were confident in the amount and impact, we would be significantly more inclined to buy up the supply and thus drastically reducing the dilutive effect of the conversions. But pretty much everyone of us that habe invested (not traded) in this realm has probably been burned badly. So-update us and help us help you (with PPS). RIGHT now, the unknown is only helping the filters, shorter (pretty much same groups) and the day traders/flippers.
I don't know Jan. Never have conceded with him. He may be pure as the snow. But right now, this company is being pumped in with the rest of the trash and he doesn't appear to be communicating directly with shareholders to prove otherwise.
Consider posting the pics to the $HCTI Twitter feed. Will help with product/company exposure.
I will reiterate previous point/post - if Jan wants to be considered above the usual OTC BS - post on Twitter the balance remaining of each note on a daily basis so Investors can understand in REAL TIME the conversion impact and how/when to increase holdings accordingly. There is no obvious bottom in sight.
It's hard to defend company or discuss long term when the short term OS situation is a crap shoot at best. Tell the shareholders how much debt is left to be converted so they can make an informed decision on how to proceed. This is BS. Loan fell thru. That happens. But Investors deserve real time information on these conversions after the loan fell through. If Jan/company wants to be treated differently than typical OTC/pink sheet stock - they need to act differently. Be beyond reproach. Is there $25K left or $500K left to convert? Let us know. Don't tell us to way for a quarterly filing or an 8K saying it been paid off
Very frustrating. I get financing can fall through and/or terms werent want they appeared to be. Buy-keep the shareholders updated on what new timetables and complications are. ESPECIALLY when the stock is being wreck with dilution. Many bought in/increased holdings based on the 1st bridge loan being accepted and these toxic debts not being an issue (paid off before converted). Been no update since they announced the New finance option.
When is the expected close?
When is the expected cash come?
How many dollars are left to convert?
Help the shareholders that have been helping you/the company.
Some volume and another 50MM offer added on the ASK.
Someone posted a little while back an approximate share count based on volume when they were still current. At that time, their model showed 2.25-2.5BB. Don't remember the poster to look it up but the assumptions were sound. Could be 4BB as well. Doesn't really matter a whole lot in the short term if it starts to move.
Those 1s arent endless but they sure appear to be that way. Several times this has traded several hundred million out of the blue and within days to hours, the ASK is again flooded with 1s. Maybe this will be the time they finally get absorbed and it moves forward.
I appreciate that. Would like to see them. I was trying to get a better idea based on last update but it somewhat became trivial depending on how fast the price was driven down and increas8ng shares each conversion. The positive side is even wth the large conversions and increasing OS-buyers so far have been stepping up. So maybe it will be a win win for the investor and the traders.
Based on what? Care to put that in a chart or put some numbers behind that assertion to provide some objectivity?
Wasn't clear from that last update how many thousands of dollars were left to convert.
Apparently some on here still don't understand that concept...death spiral. CD is almost NEVER good for investors. It's fantastic for active traders (volatility) and easy money for the lenders working in concert with MMs who work in a never ending concert of naked shorting and covering with conversions. We got burned pretty bad with the financing following through. Hopefully company gets a fast close on the new line or else the conversions could blow this rich into low trips within weeks.
Especially in OTC the old Reagan adage applies: Trust but verify.
Unfortunately, I've been flat out lied to by several OTC CEOs that seemed to provide no reason to not trust. Simply too easy to fleece people in this realm. Rewards are lucrative and the risk of getting caught and serious, punitive or criminal penalties being applied is minimal.
I was buying into the close even though large chunks kept plastering ASK from CDEL and NITE. AXEG was constantly unloading (diluting). Hopefully will know in a couple hours if I was buying while others were fearful or whether I loaded a bag to hold. I'm not even sure it is 50/50 though right now. While Jan has never pumped this - no update on $5MM bridge load and a 6:00 PM release on Friday on Labor Day Weekend generally isnt a sign of positive news
This BOD and management team has done absolutely nothing to deserve respect and the last 3 or 4 years. Their compensation is simply outrageous for the results and performance of the stock and bottom line
430K BID at 4 was ignored all week. Finally removed Friday. Since well over half million was traded well under that amount - I am very, VERY cautiously optimistic that the selling is over. Could be another pause to get buyers to come back and support the price for another round of selling.
Ma still remains the only one in mgmt that has been buying. Pathetic.
Their growing season must be a long one and/or overflow production will be paid a significantly higher rate to bring in $1.2MM at $50K/week. Well within the realm. I assume they are splitting net profits but it wasn't defined. It would certainly provide decent revenue to help secure traditional funding but they still are very asset poor for collateral. Thats why I think it is critical for an update on the $5MM in traditional financing meant to be abridge loan.
According to 10K - SG&A for last fiscal year was $305K or around $76K a quarter.
PR said $10K per truck in revenue at 5 trucks a week and going through the fall. For sake of numbers - let's assume that is 4 months as they were expecting to go later in the season due to growing season in region so that is $50K *4 weeks* 4month season which is $800K revenues probably on top end.
I don't know what margins are for this type of produce commodity but let's assume 20% (USDA.GOV #s for all farms where majority fall under 10%). So that is $670K for product and $130K gross profit. IF they sustain this revenues for 4 months and operate at 20% gross margins - they would cover almost 2Qs of overhead.
However- if they are in the more commodity 10% range - that number drops to $73K in gross margin and that is for a 4 month season. If it is a 3 month season - that drops to ($50K *12 weeks =$600K) around $55K gross margin. On the higher end, they would cover maybe two quarters of SG&A and that doesn't count interest expense, legal, consulting, etc as laid out in 10K.
While the revenue stream is critical and will continue to grow as they expand their acreage, variety, yields (and thus effective growing season), it will be very.limited and short term funding WILL be needed to cover yearly expenses BEFORE any real capital projects could begin. This is where the $5MM in conventional financing is critical (no dilution) and provides a bridge to a more substantial and needed capital loan for the resort project
That's a big part of the problem - very difficult to verify independently. Further, if too much information is provided, then you have paid promoters/disrupters sending deals sideways. Tough to find that balance but CEOs have to realize Thats the devil and shareholders trying to verify/substantiate may just be doing due diligence vs being a pain in the was or disrupted.
I'm invested here due to the relative transparency and ability to do some relatively basic 3rd party verification (on the farms). Lot tougher on the resort deal and having legit financing is key to moving that forward. Produce revenues will barely be enough to cover quarterly overhead
I can't speak for him but transparency can be an elaborate illusion in OTC world. Been burned several times by "transparent" CEOs. Unfortunately, they have to accept that even the most die hard long term investors have to remain constantly skeptical in this realm due to all the bad actors.
It's not unreasonable for those long termers to ask for an update/clarification on the financing that was supposed to be a true bridge to development and eliminate toxic lending
LOL...that has to be the most honestly refreshing thing I have ever read on this forum...
My initial reaction to the question speculation that buying was on financials was basically - yeah. Last time investors thought they were getting close there was a lot of volume on anticipation the financials would reveal the announced revenues and that the company had "officially" entered into the producer state vs R&D. This will bring in some new money and old money will hedge against current holdings.
MGMT could have provided more info to the long term investors by extrapolating on the revenue numbers in the shareholder update. Travis has done a good job summarizing where they "should " be based on announcements but the company hasnt followed up to confirm they continue to move forward at the rates previously announced.
It is better for insiders and long term shareholders for the long term stability if those same people are the ones buying now. So - give us a bone and confirm what we are trying to "believe"...have they finally turned that critical corner.
There has been such a sustained and coordinated selling campaign for so long ( one has to assume it is coming from Syrbnik estates due to size and duration) that it is difficult to see any bottom. For those long termers (which I am one - all the way back BEFORE Ma took over), it is hard to be positive or think this is a bottom when we've seen so many false bottoms since 2013.
However, there have been hundreds of thousands of shares dumped well below 4 in the past several months and having 500K sitting at 4 for two days would otherwise APPEAR to be a strong bottom/turnaround if it wasn't for the pathetic history of the company/BOD.
If it remains, I wouldn't be surprised to watch the ASK move quickly on the "hopes" this was the Last bottom and the liquidation is finally over.
Lot of shares have been removed from the ASK vs yesterday. Looks like a 50MM difference. Down to 150MM. Sad that this is "positive" when we had BIDS over that just a month ago.
At $0.05 and a market cap of $1.5BB they would need $50-150MM in revenues and growing to justify the multiple. This is OTC world so valuations mean little when the mob piles on but ultimately they usually come into perspective and guide PPS.
I did not receive the last two. Checked spam folder as well. Had that email address saved as well.
I agree. Better be for the research price.
Newsletter is a good start. Wish he would have been more specific on timetable for 2017 #s since expectation was put in place earlier this year for 1Q18 to be current. Further, why not update shareholders on current revenues since the last update? In this realm (especially with past history), it leads to default assumption that they are not positive/increasing.
Anyone else NOT getting th he newsletter who signed up for It?
Hopefully we see 2017 #s within weeks vs months.
Seeing more 49 share trades again today. All seem to be low volume, trip tickers but the similarities seem to end there. Some are real companies with real products and others are complete shells. Haven't spent any real time trying to bunt down the reason but if anyone knows - please share. On the surface, looks like blatant signaling.
I just tried it on mobile site and had no issue placing an order for 100MM shares. I dont know if it changed since I last tried or if I was doing something different. Neither their TDTrader or TDAmeritrade mobile apps allow 8 digit trading. I dont know why the company would make the distinction or if not enough people commented/complained for them to fix/change the apps. There are a lot of bugs/crashes in both of their mobile apps that users have addressed the still have not been corrected so I doubt this would be changed anytime soon. Thanks fo3 pointing out the website allows it.
Company needs to address where they are at time wise in filing 2017 numbers and getting caught up in 2018. Original time frame was 1Q18. While the verbiage used was "hope to" there is a big difference in missing that by a month vs two plus quarters...
I haven't been dealing with these trip stocks for long so it has been awhile since I've actually used the main site. I will try that as it cant be done on any of the mobile apps. I thought I tried on the mobile site but may not have. Thanks for passing that along.
Sorry - I missed a 9. Should have been 9,999,999. I can't enter 8 digits for a trade and I have been with them since they began. I dont know if that can be changed or added on but it has been like that on my TDA account long before the TD Waterhouse acquisition. Only has been an issues on several.occasions for me so I never looked into further. How many digits can you enter? Which interface? I use their mobile apps and the website and all limit me to 8 digits
TDAmeritrade has a limit on buys and sells at 999,999 as well through there online platforms. It might be possible to execute the order through a call in to one of their brokers but I've never tried. Basically you will have to put in three orders at your price which is generally better anyway from a strategic standpoint. You will spend the extra in trading fees but ultimately it will just be $21 instead of $7 for the 3 separate trades
They've been talk8ng about deferred revs ever since original GEHC deal was inked...
CDEL just flashed 581MM at 1 and since it backed off to 131MM. Once again we are back to 300MM at 1 on the ASK. While that is only $30K, it represents another major step backwards for long term investors.
Where is the company at on 2017 filing? How far behind will 2018 be to get current? Where does company stand in terms of commencing revenue producing operations on the various agreements that have been announced over the last 5 years?
Patience and benefit of the doubt is perishable and clearly evidenced by the increasing ASK. However, so far it looks like the offer remains retail and not dilution.
Thanks. Did he say they were getting completely out of trucking?
I have. Not quite as direct but close. But I'm also relatively "new" here as I've only been a shareholder a couple years. If someone who has been around for longer and has actually spoken to Darrin/others and have more of a relationship developed - it may come across more productive. The replies I have receivedhl have been very vague though usually (quick). Did Not receive a response (yet) to my last email along those lines.
What did you discuss with then? Did you speak with Gurba or someone else? Previously he responded to emails but I havent received replies to my last two. Can you ask him to put out a shareholder newsletter updating us on current 2018 revenue expectations, short term debt due in 2018, and update on the remaining business units?
The only news recently has been decidedly negative and doesnt suggest business will explode. That being said, the overwhelmingly negative posting generally found on here doesnt help.
Not that I've seen. ASK is back to more normal. 75K at 18, 10K at 19, and 40K at 24.3. Seller may have broken up order into smaller chunks