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If you say so, still waiting for some sort of proof of your claims.
So you're claiming some one with no idea what SOLI does picked up $15k of shares this morning?
Interesting theory, I think it makes more sense that someone is doing real DD and likes the prospects here.
Why don't you sell instead of waiting? Seems you're setting yourself up for failure which I'm sure is going to hurt your feelings.
KAVL used to be UCRP.
UCRP had 68M outstanding shares, all owned by different individuals and insiders of that old company.
KAVL purchased the dormant shell and obviously all 68M old shares and shareholders came along with us. They had a 500M share control block, which they eventually moved 300M to preferred to get us to where we are today.
All NEW shares from the company are restricted. The ~4M added per the agreement with QuickfilRx are all restricted. The 300M that was moved to preferred can't be unrestricted for years to come.
Pretty straight forward. You either believe in the prospects, and the low P/E ratio for a company that may possibly generate $100M in revenue in 3 Quarters (currently sitting at $55M for 2Qs) or you don't.
The shares are in the o/s, they always have been. They just weren't part of the unrestricted count.
That can be said for a lot of things. But, it's tough for us to be in someone else's shoes, especially someone holding a few million shares of a company they may or may not have done any research into.
Why do insiders of major corporations sell their stock knowing that in a few years it will be worth more?
It's an assumption but I'm pretty confident that is the case just based on the lack of increase in the O/S outside of QuikFillRX's revenue commission whose shares are locked up until Summer 2021 confirmed by management.
The biggest reason behind my assumption is when I got the newest unrestricted number on 9/8/2020 it increased by 5,950,000 on the dot. Looking through the old filings you'll see that 2 of the ex insiders had exactly 5,950,000 shares combined. (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158361637)
The recent increase of 6,024,000 I have no idea what that is. Could just be some more shares that old holders finally converted since there is no equal increase in O/S to prove dilution.
80k volume today, moving in the right direction.
Rico Portaro <rico@empirestock.com>
3:10 PM (44 minutes ago)
to me, info@empirestock.com
158,789,105
Rico Portaro
Empire Stock Transfer Inc.
1859 Whitney Mesa Dr. | Henderson, NV 89014
P (702) 818-5898 | F (702) 974-1444 | www.empirestock.com
O/S hasn't changed per T/A this afternoon.
So many shares have traded over the last few weeks, multiples of the O/S and unrestricted count. Not sure what is going on.
We know there was a wall street firm involved before the suspension.
What if they were waiting for us to hit certain targets before they got more involved? What if over the summer we hit those targets?
This is all speculation, but I don't think we should be surprised given the industry and the CareClix name spreading around the world.
You know how we uplist? With results. Show some patience and take advantage of these prices.
When we do uplist you think we'll be trading anywhere near here? No, so thank the dummies who sell their shares and add to your stash.
I'll take some free shares :)
I still don't know why this is all a surprise to you. If old insiders received the shares, then yes, there is no price they will stop selling at.
Love that city, went a few years ago when I was in LA for work.
Would be very hard to ignore a company that has done a billion in revenue in a few years time. I will hold for the long term here as well unless they give me a reason to sell my shares; and no, old insiders converting their restricted shares is not a good enough reason for me to bail.
Definitely a good hold for those with patience.
I'll scoop up what I can lower if folks can't hang.
Not me this time haha, I scooped up mine last week, but it is good to see!
People keep assuming since we're on the grays that the actual company (not to be confused with the ticker) has been halted and isn't doing business. The company seems to be growing by leaps and bounds through, again, verifiable sources.
Anyone got a screenshot of their linkedin from Jan/Feb of this year?
Incorrect.
Gray sheet companies rarely ever continue to file SEC forms, rarely continue upkeep and updates to their website, rarely continue to ink deals with large cities, rarely continue growing their business because, well, rarely are gray sheet stocks actually real companies.
The difference here is, CareClix is a real company. There is no denying that because there is so much information you can find with third party verification.
Glad I scored some more sub 02s last week!
We shall see what happens. There are definitely flippers involved here, but with the amount of shares traded, I have to assume a bunch are being accumulated for a bigger move. Would love to see a nice float lock, if it isn't already.
So I was right :p.
That has me intrigued. We've traded nearly 230M shares or 150% the O/S in 2 days. Sounds like someone is accumulating!
Unchanged is my guess. I haven't reached out to the T/A since Friday morning though.
Some folks here may be a bit overleveraged. It happens but patience will prevail.
Fundamentally I'd rather be holding KAVL over all the stocks in the top 10 active boards.
Let's see how Q4 ends up, and then Q1 we should see the addition of 7/11 sales and the bidi pouch.
Would be nice if these guys tried to enter the larger category where Altria and other big boys are in. (Assuming that is non-disposable).
I've said it many times already, but I'll say it again. Bidi stick was the test. Look how many distributors we are connected to now. Any new product is going to instantly tap into that distribution network without the multi-month ramp up period like we saw with Bidi Stick. That means the Bidi Pouch and any new product should scale to near Bidi Stick numbers (assuming demand is as strong) within a much shorter time.
We missed nothing nicehit.
Look at the company's linkedin. If they missed the virus the first time around, then why have they hired dozens of individuals since March? Companies are laying people off, but not CareClix, wonder why?
Hopefully there are more in this area so we can hold the line.
Yup, finally a big bidder. We need more of them to get rid of these fools.
You have valid concerns.
I decided to disregard those 2 old quarters since they weren't actually in business yet.
I think results are due mid December, hoping to see more growth!
Yes, a very big positive that you rarely see in OTC land.
Just a bit confused, are you saying there is a going concern?
You said we're at a 25x though, we aren't even close to that.
You can't do a P/E ratio based on 2Qs, that's not how it works. That's why I annualized the data we do have, and also did an assumption where we stayed flat on Q3 revenue for 4 quarters.
The hope is obviously that we grow, but until we see Q/Q growth and can start making assumptions based on growth, we are unfortunately most likely limiting our P/E ratio due to a conservative EPS.
The selling pressure is what is causing us to be down here, otherwise I'm sure we'd be over a dollar. This is the OTC, valuations are usually thrown out the window. Also, I'm sure a lot of OTC traders don't even understand PE ratios since most of the time OTC stocks are losing money/non revenue producing.
Our day will come, patience is key!
That would be under the assumption that CareClix has sat on their butt the last 7 months, which as seen by everything EdF among others have posted is completely inaccurate.
The company is growing, but the fact we're on the grays under an obscure name like Solei Systems doesn't help the fact.
When financials are posted, when the ticker & name change occurs, then the share price will catch up.
If you believe the company will post financials and then the ticker/name change, then buying in the .30s is a gift. If you don't think they are going to get off the greys, then you'd be silly to continue holding.
Agreed, I picked up more Friday at .30, and had bids lower.
They will run out of shares and when they do expect a correction in share price. If that doesn't cut it, then just gotta keep holding. Revenue and profit growing, unlike holding 99% of dead otc stocks.
It definitely sucks to see it down here but again this is one that is actually fundamentally undervalued.
Can't wait to see next Q. Even if growth is minimal it still shows a growing company during a time when lots of companies are struggling to stay open. Go KAVL!
They will run out of shares. If you look at the daily volume you can tell they aren't very close to running out.
Patience is definitely needed during these times. Let the fundamentals speak for themselves.
We won't be uplisting any time soon I don't think. There are minimums needed for NASD.
We know a lot more than that my friend.
We know the business is growing and generating contracts across the US. Recently we found out they are working with Facebook, city of San Diego, and we know that NYC is promoting CareClix to their senior population. Additionally, we know they are hiring folks all over the world during a time when a ton of companies big and small are firing/furloughing people and filing for bankruptcy.
That above is all fact.
The only speculation would be; how much revenue they are generating and when financials will be posted.
It wasn't a tweet, it was found on the bidi vapor website where it also mentions 7/11...
https://bidivapor.com/bidi-stick-pre-orders-available-this-october/
6 Month Net Profit: $3,721,069
Current O/S: 277,282,630
6 Month EPS = $0.0134
P/E ratios are based on the last 4 quarters, so we have to improvise and annualize what we do have. If we did that we would be at $0.0268, but I think it's more important that we focus on the Q3 results over Q2, since Q3 is the first full quarter.
Q3 results are a bit skewed because of a lower tax amount due to some errors in the cost of revenue and G&A expense for Q2 (IE, they overpaid their taxes in Q2 and used that offset in Q3). Looking at the 6 month in total, there is a 7% net margin. 7% net margin on Q3's $32,375,309 revenue totals $2,266,271 or an EPS for Q3 of $.0082.
$0.0082 * 4 quarters = $0.0328 (This would assume 0% growth)
So an EPS range of $.0268 and $.0328
Based on the close price, we are trading between a 9.7x and 11.9x P/E ratio.
Considering the fact Bidi Stick is now a top 5 player in the disposable e-cig market, it saw industry leading growth rates for the last 4 weeks from the report date (2,339%), and we're adding a new product (Bidi Pouch) which is in a category that grew 500% in the last 6 months, it's hard to explain why we're only trading at a ~10-12x P/E. I'd argue we should be in the 30-50x range based on what I just said and the fact the company continues to partner with more stores across the US, and internationally.
A 30x P/E on the low end of the EPS range is $0.80 per share. On the high end of the EPS range it's $0.985. Don't forget, this 30x on the EPS of .0268 or .0328 assumes no growth at all over the next few quarters.
Have a good weekend all!