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Your guy is a lawyer and I'm sure he knows what he's doing or has talked to someone on the case, so I think anyone would have seller's remorse at whatever price they settled on.
Everyone here seems to be here because the put a lot of value in this.. lowest $ I saw was yours at $0.15, and that's 10x where it was trading when it shut down last year.
He'd be crazy to buy at anything anyone would be willing to sell to him at, and anyone would be crazy to sell to him at whatever price he'd be willing to pay for it.
Good luck all!
i don't disagree, that's one of the items I alluded to.. Until we are consistently on time, I think it will drag on the price a bit.
I agree with where you are going and while I'm certainly looking forward to Q2 numbers, I'm less focused on them as I was a few months ago. I think they'll be good, but we're in process of ramping up. People thought Q2 would be amazing because of fluid sales... but I think we've all had to take expectations on that one down a notch or two.
I think Q2 was great from an adding distributors and getting equipment out there perspective... I'm just not sure how much it's going to show in the numbers. Frankly, I don't think Q3 is going to capture how good things really are.
My big thing is the 413M in warrants. If we ever pay off debt and those get removed, count on us shooting up regardless of what the rest of the filing says. Conversely, if that is still out there, then great numbers are still going to have that overhang, kind of for the reasons you mention.
Great production, Great sales, but until investors feel confident in how it all ties together ( especially since we have no idea how/when the company is paid by distributors) how the debt is being handled, how the filings will be going forward, etc... I feel like there is going to be a drag on price and we'll never quite be where we should be.. which means I'm holding for a while! :)
Thank you for posting this and getting it out there for discussion. I feel similarly but Rich is a nice guy so I've been hesitant to say it because it's really not about him.. He's doing much better than I would in the role!
My hope is that he is a part of a longer term plan and that he was hired in anticipation of getting filings in order and being able to communicate a lot more. I hope that he's a representative for distributors (they need someone potential clients can go to and verify things are legit), and maybe a voice/face for PR and just getting our name out there.
I'll give them the benefit of the doubt... and even if I didn't want to, I'm still holding my shares because even in the worst case scenario where Rich's role remains exactly as you describe... I still believe in the value here. If in a couple of years we need to expand our IR Services, it can be done.
In the meantime, I believe ( could be wrong) that Rich gets $3,000 a month and 1,000,000 shares for the first year. This is not a fortune, so any positives we get from his work would be a bonus.
I totally agree. Rich is great.... but you're right about the same 3 question thing.
I actually asked him about the lawsuit and about the warrants. He didn't know about either and said he'd get back to me. That was a week or two ago. Not a complaint at all.. I know his hands are tied... but at the same time, I agree that answering basic questions and not answering other questions is not ultimately going to be a good use of his time, and I hope they are able to expand his role and do more PR than IR.
While it's nice to have someone to reach out to, I'd ultimately rather see that money applied to the business in a way that can positively impact the bottom line. Rich is a good guy and so hopefully they'll find a way to make that happen!
Good morning all... Hope we have a great week!
I encourage everyone to review any sell limit orders you have out there.. Maybe you added one a while back at 8 cents and forgot about it or something. We have waited all this time, don't let someone pick off your shares for less than they're worth!
We've paid our dues, let's make sure we can enjoy the rewards from waiting!
Good morning all! Just wanted to post some highlights from the recent filing with my thoughts (in bold)
" As of June 30, 2020, the Company has made deposits of approximately $6,100,000 pursuant to a purchase of equipment costing approximately $7,200,000. The Company currently expects to commence operations in late summer to early fall of 2020 at MedRecycler-RI, Inc.’s West Warwick, Rhode Island facility." Pg.12
This is especially good since we'd seen other, later, timelines.. Something a filing or two ago said late fall to early 2021. This is current as of June 30 so this is great.
Advertising costs, $48,447 pg.13
I like to see that they're already spending on this, trying to get clients. It backs up the idea that we're close.
Leasehold improvements of roughly $500,000 more than this time last year pg.13
Same as above. This is a lot of money and work going into the facility... wouldn't be happening if they weren't sure it was going through.
During the six months ended June 30, 2020, the maturity dates of the notes were extended to January 2021, with semi-annual interest payments due on July 29,, 2020 and January 29, 2021. As consideration for the extension, $436,250 was added to the principal balance of the notes and recorded as a debt discount to be amortized through the new maturity date. Pg 15
I think we already knew about this, but still glad to see maturities extended. $436,000 is a lot to add, but that's what it takes!
The Company has filed for a dismissal of the suit with the Superior Court of New Jersey pg.18
Good for them! It's a waste of our money and counterproductive. Anyone studying the filings knows that they did this for the good of the company. Really hope this gets dismissed and doesn't cost any of Nick's time or money
" We have plans upon the successful launch of our phase one to double the capacity of the facility" pg. 23
Not sure I'd heard this before. I know we have a limit of how much intake there can be per day, but I'm glad we're going ahead with phase 1 and can add more later if we want. The big hurdle now is getting the thing up and running. Size/capacity are secondary issues.
Overall, a positive filing and I look forward to more good news to come. I think it's a 'buy' at these levels and may add if I get some funds in time before we take off.
Have a good weekend everyone!
I totally agree. No reason to fret about the price one day to the next if you are holding either way.
I guess we'll see 0.06 or $0.07 after Q2, but what I'm pretty sure of is that we won't get to what I believe is a 'fair value' such that I'd want to sell.
So.... if anything, I should root for low prices for now, so I can pick up a few cheap ones where I can. I'm tapped out, but kind of hope another stimulus check comes before we take off!
Blast from the past! How are you finding this old post of mine to reply to?
I continue to be impressed with the price here and congratulate those who held where I sold at $2.50.
Overall I think I made about $50.00 on BRKK so I'll consider that a win.
I think you guys have a good lawsuit and there's some potential, price is just a little high for me right now. Best of luck!
I give it about 25% chance we'll see the Q2 today. We are on the right path with being more timely but may not be all the way there yet.
I am holding either way so not really sweating it. Numbers should be very positive and those things are worth the wait.
Have a great day and find something else to focus on :)
This is great. I know I sound like a broken record saying this but as always, thank you for posting.
I have a huge chunk of my net worth in this thing, probably a higher % than anyone here... and while that's a calculated decision that I'm good with, I really do appreciate seeing your progress and I know that's progress for the company on the whole as well.
As always, best wishes with your endeavors!
Good morning and welcome!
For the time being, the company is far more interesting than the message board :).. Until things start happening, not a ton new to discuss.
Speaking of... Has Q2 been filed yet?
This is really an amazing graph.
Thanks for sharing with the board, I hope true longs read this and think twice before they sell for a penny or two gain.
I do see $0.06 or $0.07 in the near future (which is lower than where some see it)… but I also want to state that I'm going to hold at those prices because I think it's worth more. we'll see how far we get this week.
To me the big question is the warrants. DE, what is your take on the 413m? Do we have the ability to pay and make those go away, or are they 100% going to be exercised at some point. I think that HUGE derivative liability is going to be a drag until it's all settled and done with.
Have a great week!!
Agree. Bigger picture is that we're looking at days rather than months.
I like the idea of avoiding the stop sign from here on out, just because I think it makes uplisting talk sound far-off when we can't meet the reqs of the one we've got, but I'm thinking that won't be an issue going forward.
Being scoffed at for suggesting a 50-75% gain isn't helpful IMO.
I own a ton of shares and would love to see it go to the moon... but I also appreciate reasonable discourse. Obviously someone suggesting such a gain is a 'long' and shouldn't be attacked as if ulterior motives exist.
Many people are making the point that a lot of the good results from Q1 wouldn't show up in Q2 because of extensive lag... but that factor would also be present in Q2.
We should see some gains on the next filing, but the Q2 alone isn't going to get it done. There's been some mystery around the UK, around #'s of hospital placements, around royalties/licensing, around the lawsuit, etc. Hopefully those are answered in the coming months.
At these prices, it's a good deal and I feel like I don't need the answers to all of the above, but if it triples from here I think I'd need to study my targets a little more closely
Same here... I kinda think they'll be underwhelming when stacked against people's expectations.
I agree we should see 6 or 7 cents, but I doubt we'll get the clarity needed to make this really take off.
We'll see though!
Ahh... Sounds good.
Since we're on the topic.. What is your current valuation of shares and what do you expect when we get the Q2?
I hope to be surprised positively on a number of fronts, but I feel pretty good about the current price even in my low scenarios.
As far as the super=voting shares, those don't have any impact on dividends or profit... just who gets to make the decisions. I don't have any concerns about those...Those who own those also own shares... more than me... so it's in their interest to do what's best for the company.
Valuation...
This is in reply to a PM, but figured I'd go on and post this.
There has been a lot of talk on this site about O/S, dilution, etc. There are 413million shares 'reserved against default of debt'. We know that these are old warrants and it appears the underlying debt did default. I have written Rich and he didn't know the answer yet and is looking into it, but until I hear otherwise, I am essentially doing my calculations as if there were 1B O/S right now.
At $0.036, that means this is a $36 million dollar company.
Obviously this is a growth company so forward PE is going to mean more than current, but I'm always looking for something that's going to have a PE of 10 or lower within a year or two. So, question is.. Are we going to earn $3.6M?
I believe the answer is yes.
If we are in 60 hospitals/healthcare facilities by the end of this year, that's roughly $6, revenue, and I think it's reasonable to call half of that profit. Fluid sales are going to be $4m this year, and it's reasonable to call at least a million of that profit.
We are adding distributors, etc. and I'd feel good about anything under $0.05 before Q2.
Until the warrant thing is settled, filings are going to be a mess. We are going to continue to show a $20million or so loss (more if we go up) because of the derivative liability. I'm not too worried about that and don't consider it a 'loss' per se... but it's still going to be a drag.
If Somehow that gets resolved and we don't have that liability, we are going over 10 cents in a big hurry. Either way, shares are a good buy here at $0.036. Even traders should be adding this week to flip for a penny or two more once Q2 comes in.
Good luck!
January 19, 2021 is my guess for the new trial date.
Should we do a pool and whoever gets the new date right wins something?
I would be so disappointed with a buyout right now. We have so much good about to happen, we should win the suit, we should get profitable and cash flow super-positive...
I think anyone buying now would be getting us for far less than we're worth. I'd be mad about anything less than $0.20 a share. Let's get our filings current, announce what's been happening in the UK, communicate with shareholders, get some new auditors, and get everything in order.. and then we can talk about a buyout for a fair price.
I don't want to get rich on a bad deal
that is not relevant. Look at O/S then versus now. Huge change. Share price cannot be looked at in a vacuum, it's just one part of the equation.
I'd suggest holding, to be clear... Just not because of the reason you've stated.
Anyone who is holding here at $0.036 might as well hold for the Q2 which should be this week.
I'd be shocked if we close below 4 cents again after the Q2 is out.
Good luck!
This looks great. Thank you for sharing!
Anything surprising to you in the Q1 or is that about what you expected? (If you already answered disregard.. I haven't read in a few days)
Gary said a while back that there'd be no more dilution.... but looking at the warrants.... it's not like there is room for him to sell extra shares anyway....
Those warrants are for 400 million+ shares, and they're essentially free to the holders.
Every calculation here should be done based on 1B O/S.
Still a good company, just not going to shoot to the moon with that overhang that basically 40% of this company is owned by warrant holders who haven't even exercised the warrants yet.
"The number of shares outstanding of the registrant’s common stock as of August 13, 2020 was 585,701,486 which does not include 413,548,514 shares of common stock reserved against default on convertible debt and 750,000 shares for vesting of executive shares. "
I'd lose money on the shares I've got, but I'd probably buy more. Wouldn't be the worst thing in the world
http://www.msn.com/en-us/news/us/complaints-as-medical-waste-piles-up-outside-mexico-hospital/ar-BB17TuDX?ocid=ientp
Don't want anywhere in the US looking like this.
can someone explain what UL is? I have a sense from context of everything on here, but I've never heard of it before this stock
Thank you for the pictures sir.
Don't go and get too successful on us or they're going to pull you into the SC Home Office to start running the show!
Seriously though.. they way you've gone about this is impressive to me, and if you are equally impressed with those running the show, then we're in good hands and good things are coming.
Have a nice weekend!
50% the Q1 comes today.. I'm more curious about UK status. The update had all the US hospital installations but said nothing about UK.
I know it's a different company doing that under us, but you'd still think it would make it into our PRs at some point.
I think bigger than the Q1 and even the Q2 will just be the whole 'getting current' thing. I get the sense that whatever news came the other day was just 'residual' old news that they were confirming, but that there's a lot more going on that they'd like to say.
This is going to be an interesting month!
Thank you sir! Glad things are going well!
Curious about O&G since I know the low price of oil lately has impacted the industry. I'd kind of figured that there wouldn't be a lot of new spending, but it seems they're just as interested in our product whether a barrel is $40 o4 $60. As far as potential customers, I see hospitals as 100% stable in that they'll always be there. Do you see your potential O&G customers that way?
I think it's thinly traded (on both sides) and so if someone wants to add 20 mil or get rid of 20 mil, it's going to move the price in a big way.
You're right that there are a lot of good things going on and not a lot of news to match. That's a reason I've been holding where I'd probably normally trade a bit more. We are in a big pre-news phase right now, and I see a lot of upside when things become official.
True story. I hope we're able to cover whatever expenses we have until all approvals come through.
That said... I've mentioned this before, but the fact that we have 34,000,000 free shares makes me confident that there are no issues.
If we really need $50,000 in a pinch, we could sell those.
Fact that it hasn't been done makes me think we're not in a precarious spot.
Thanks for posting that.
Reminded my of one time my wife stayed in a furniture store 2 hours after closing! They were too polite to tell her that on Wednesdays it was 8 instead of 10 or something. I think she bought something because she felt bad, and now you're making me hope that someone from that furniture store invested in UOIP as well!
Anyway... Glad your story is working out!
P.S. I'm 41, and starting to feel like you're the only person here younger than me :)
I believe that more recent releases from the company indicate that grand opening will be around January, correct?
I don't know the difference between operational, fully operational, grand opening, and all that. Guess I'm just happy if we're making progress and no big snags. A few months here or there will be meaningless in the long run.
Still holding my 10m
your number is as of 12-31-19.
Mine is from July.
We had 255 stockholders of record as of July 27, 2020 and 579,701,486 shares outstanding, which does not include 242,134,306 shares of common stock reserved against default on convertible debt.
Compare this to the last filing and you'll see that it's gone down.
We had 255 stockholders of record as of July 27, 2020 and 579,701,486 shares outstanding, which does not include 242,134,306 shares of common stock reserved against default on convertible debt.
I believe this is more recent than the 413,000,000 number.
This is the only thing that really matters on there
Compare it to last year, and we're headed in the right direction.
We had 255 stockholders of record as of July 27, 2020 and 579,701,486 shares outstanding, which does not include 242,134,306 shares of common stock reserved against default on convertible debt
That's the smile of a guy who feels like he is about to make millions. Defense should be very worried.
On the other hand.. if they ever get this stimulus passed those of us who are low $$$ might have a few bucks to add if the filings get delayed further.
As a long-term holder, my only real concern about the filings is that they're inhibiting current business. Based on recent posts, that doesn't seem to be the case.
Even if they filed and we doubled, I'm holding either way, so while it will feel good on paper, for long-term holders, the delay in filings should be seen as a buying opportunity and nothing more.
Or, the longer the delay, the bigger the pop, the more media attention, etc. I really think that if they drop 3 filings on a Friday afternoon and give the market a weekend to digest everything, we will be the highest flying stock in the market the following Monday, and that will get some people to notice. We might be on CNBC, etc.
We'll probably look back on this as a good thing.
What do you mean "freeloaders"?
Isn't this IHUB.. The whole point is to get information from others... You wouldn't be setting up a business if you hadn't 'freeloaded' from someone here at some point.
I get that it was probably not directed at those who legit come here for information, but I think it's important to make that clear