Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Grodnik! Talk to us! We have no volume and no bid!
This guy has killed us. He is financing a movie, ok great, so tell the world about it for gods sake! What the ?
Buy those .0001's!
Won't surprise me, but this is headed for dollars unless the flippers go nuts. This income with a reduced share structure, plus a dividend and up listing = dollars.
From our current price per share, a .01 quarterly dividend is incredibly impressive. If that continues, it obviously equals .04 annually. The yield for that is insanely high until you reach say $1.00 per share stock price, giving it a more normal 4% yield. At $2.00 dollars per share, the .04 annual dividend would be a 2% yield, still very reasonable, normal in fact.
If they have the cash flow to keep that up, or even increase it with increased deals and cash flow, multiple dollars per share stock price make sense. In the short term things look good, but if they can continue this trajectory, the long term looks GREAT especially when they are talking about up listing to a higher exchange which would mean dollars per share by definition.
Bottom line, a company that can pay a .01 quarterly dividend/.04 annual dividend, should be in single digit dollars per share when it comes to stock price.
If they want to go to the Nasdaq, their price has to be in DOLLARS. Here is what it says for Nasdaq. I am sure NYSE is similar. Any major exchange in the world would have similar requirements.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
Read more: http://www.investopedia.com/ask/answers/121.asp#ixzz3ix2Mf2WC
Follow us: @Investopedia on Twitter
I like that for short term, but medium to long term, we could see much higher than that if everything we are seeing is true and continues to be built upon.
They are doing the right things if they want to move to a higher exchange. The buyback could be incredibly significant. If they have 1 million dollars left or so to buy back shares, even at .01 that is 100 million shares they can buy back and retire. Obviously, if they buy them back between say .005 and .01 they can buy back even more. This would leave a very reasonable OS/Float that with revenue could meet the requirements for a major exchange and give us a decent EPS. Put even a small multiple on it and we are talking a major price per share compared to today.
Senior listed Exchange?
The July 31 PR stated...
"Additionally, one of the Company's fundamental goals over the next 9 months is to graduate Calissio to a senior U.S. based exchange. The opportunities and benefits of a senior listing are of paramount importance for Calissio to continue its rapid growth strategy."
I am surprised people aren't talking about this more. This is huge news is it not? There is no guarantee it happens but if they continue to retire shares and maintain their income, and then do what is necessary to go to the NASDAQ for example, that is huge! CRGP would need a minimum price of a few dollars if I am not mistaken in order to qualify for the NASDAQ. Is that their goal over the next 9 months?
Wish we had some volume!
Buy those .0001's
Anyone here who has been able to talk to Grodnik?
Is he still alive? Is he in a coma? Does he give a bleep at all about shareholders or his company for that matter?
I wish I could laugh at this, but I can't. This Grodnik is such a bad ceo, I can't even believe it. I understand if he needs to wait on the other companies to announce stuff about the movies perhaps, but that doesn't stop him from giving basic updates about what is happening and what is planned in general for the company. We have gone from having great momentum to having no bid! I am furious about this. My own fault for thinking we had something going here. Somebody please buy these .0001's
Buy those .0001's!
The end, meaning we will just stay at zero bid like this for months and months? This CEO is just the worst! I am blown away by his incompetence. I am not asking for the world. I am asking for basic regular communication. For example, someone posted an email where he said they are doing some movie with Seagal? Well, if true, why not put that out as update!? This is embarrassing sitting here with no bid and no volume. And he doesn't say anything for months and months!?
We can't even get any volume at .0001 now? SIGH.
Buy some .0001's
Awesome. Buy some more and I hope others do the same!
By those .0001's !!!
Now there are a lot of .0001's just to get through! No bid, no volume.
This CEO refuses to even give anyone a reason to buy at .0001.
I have never seen a CEO this inept at basic communication/updates. We could have built some momentum, instead he killed it.
He doesn't seem to care at all.
It is just retail selling. People are sick of waiting on a CEO who says nothing.
None of the believers can buy out the .0001 ask?
What was all that volume back a few months ago? grrrr
Now can't even get past the small .0001 ask?
Really wish we had more action here!
Let's hit .0003!
I think so too, but we need a big push to do it. Without news, is it possible?
.0006 seems a million miles away right now, but it won't take too much to see .0003, we just need more interest/some news etc.
yes, but I don't see how there will ever be interest here again? There is no volume day after day!
.0006 .0007 by when?
No matter what we need to establish a FIRM .0002 by .0003 IMO
What do you think about the action so far today? I think it is OK, but not great. We need more .0002's and less .0001's going through.
Come on, let's get back to .0002 bid .0003 ask and build a solid base there!
Come on everyone, we had some volume this morning. Let's go!
I am tapped out, but we need some people to buy those .0001's
A little action this morning, so that's good!
So you believe it will go back to .0002 bid then?
Why are you here? Are you invested in a scam?
So do you think this one will have a run, and if so, what kind?