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Just got lazy and skipped a couple too many accounting classes. I'll get the additional research typed up tomorrow morning, I have run out of time tonight. You will really find it humorous.
Well the first thing is 9 Month Net Profit from Operations = exactly Total Assets
Their current assets equals the 9 month net profit EXACTLY? (Laughable to try and reason how those would be exactly the same.)
The unexplainable is the Cash Flow statement. Doesn't take a rocket scientist to understand the errors here.
And Lastly the share retirement makes no sense:
Within the same release it quotes 3 different dates that the shares were retired.
GBHD stated the outstanding volume to be 156,800,748 (257 prior - 101 retired), which simple math says that it should.
However also in the statement it also says the share volume to be 171,451,248?
Hmm... Inconsistencies across multiple documents is highly questionable, but within the same document is just inexcusable.
I have been waiting for your arrival. I thought you would find it most humorous. It has been an interesting sequence of discoveries and realizations. It really started on Monday, so it hasn't just changed over today. The first is the unexplainable recent financials, which no one has supplied an explanation to. Why? because it is impossible to explain under GAAP or even any other international accounting principles. I am still waiting for a response on that one?
Wewin, the reason it has been getting dumped is because people really looked into the financial release and it makes no sense whatsoever.
Wow such hostility. Understandably so, I was frustrated when I started realizing the stock is worthless. For clarity we can take it item by item. Still have not gotten any answer to the recent financial statements. If I have to explain what all is wrong with them then an intelligent response is not possible. I have a solid accounting background but I also had 2 CPA's and full time accountants take a look and they laughed out loud.
Understandably skeptical, I would and have been to negative posts in the past too. It certainly is a drastic change of opinion but it is easy to turn 180 when you realize the company is a scam. The red flag for anyone should have been the recent financials. Anyone educated in accounting will realize that the financials don't make sense. Very big mistake on someones part releasing those as they are. Anyone smart enough to notice was dumping on Monday. Sadly innocent people were buying up those shares at premium prices (especially premium given that the stock is worth 0$).
I am glad they made it though because that is what led to not just looking into GBHD, but also Yes International, CS&S Enterprises, and the Robert W. Wright Law firm. Follow those items and look at the commonalities among them. Common clients they share. Common characteristics of the clients. Coincidentally SAME ADDRESSES those "multi-million dollar" corporate clients all share (very lazy job of hiding it). I don't mean Yes International and GBHD having the same addresses either.. I mean multiple other "multi-million dollar" corporations with the EXACT same address.
And what do you know, all those common companies eerily have the same accounts hyping them on InvestorsHub. TAKE A LOOK INTO THOSE FIRMS AND THEIR CLIENTS FOR YOURSELF, I promise it is worth your time if you are a current investor. Other than the same exact building for a headquarters, you will notice a solid trend of their businesses tangibility.
It takes a decent amount of searching but you will eventually get to the bottom of it. Nothing but smoke and mirrors.
Had not sold my shares yet. Not going to release research of the company being a scam before I get my money as far away from it as possible. So yes there was a different motive behind that post.
Sad to admit GBHD is a SCAM.
Huge red flags went up when the financials did not add up recently. So over the past couple days I have been doing a lot of due diligence on the company as I have been accumulating a large amount of shares. After recent research in the company my conclusion resulted in the selling of my entire position today. (Sorry to the people that picked that up.)
I won't be recommending actions to take, but I figured I would inform people of what I have found so that they could do due diligence of their own. If you look deep enough, you won't likely enjoy what you see. Hopefully it will still be possible to salvage whatever you can before something major happens. It didn't feel right walking away and not informing others given I have bestowed so much confidence in this company in the past.
I will make a write up of some of the key findings tonight/tomorrow morning. I don't recommend taking my word for this, go see for yourself.
Shedding some light on recent activity:
Why no significant PR yet:
The financials have been posted through OTC market websites (as they always have). Given they are not an SEC compliant company (currently) they will not be able to have these financial releases hosted on major market news wires. This is not uncommon.
The clear answer as to why they have not made huge PR with the last 2 financials is because they are/have been RETIRING SHARES. And they are/have been in large quantities. Why would they try to send the price soaring if the have intended on retiring shares? They wouldn't. This company issued almost half a billion shares to raise capital to get the company going. If anything, those were the times to be really skeptical. Now that the companies performance allows it, they are retiring some of the unnecessary share volume. I would honestly be more worried if they hyped up the the last 2 financials and then retired very expensive shares (signalling a stupid management). Now if they do not intend on retiring additional shares, I would expect within the coming quarter for there to be larger PR announcements about operations and profitability. But for now, it makes complete sense that they have kept performance quiet.
I will be the first to admit that it is not the best for shareholders current value, and unfortunately there is little shareholders can do on on an individual level other than go out and hype it yourself (but then you are just one of those people hyping a company, whats new). The key thing with a share buyback (especially on this years scale) is to look at whether the company is continuing to grow or regress. Often companies will be buying back shares but they are sacrificing cash flow operations and assets. That is not the case here. Clearly they are growing significantly through organic operations and acquisitions. Most larger companies with significant following can't keep this kind of incremental performance quiet, but a company of this size can for at least a little while.
Why something "fishy" is not going on:
I have personally contacted the law firm and the accounting firm (Both of which are consented on the financial statements). I have not contacted them since the most recent release, but I intend to because there needs to be more transparency with the current accounting. Either way, both of these are firms with many clients and steady business from other pink sheet and even SEC compliant companies. I am not going to waste my time listing all of them, but do some due diligence of your own and you will be able to easily find them. I would be willing to bet that most of the skeptical people have not researched/contacted these firms. Because once you do, you will see tangible operational companies with large volumes of business. Given these firms have many clients (some much larger than GBHD), they don't need GBHD's business. They certainly don't need it bad enough to overlook foul play going on, which they would then be tied into.
I will admit that the company does have transparency issues with its accounting and operations. But they are working on it, these are part of growing pains when your companies sales are increasing at these rates. Things like creating a website to help explain all the business units really wasn't required, they wanted to do it to help with clarity of their business for shareholders. Now moving forward they will need to be working on transparency and PR with the financials.
The sad fact is that this year the low PR makes perfect sense from a company operations standpoint. Also a fact that they are currently lacking with transparency in accounting. But can those 2 items justify a debt-free company trading at 1/2X Sales? or 2.5-3X earnings? That is your call to make as an investor. Everyone has their own risk/reward. If you think it is too risky, then get out? If not, then buy up the continued scare sell of shares at these prices.
At current prices and the upcoming outstanding share volume of 150M, the current market cap will be ~30M$. In 2012 or 2013 that level could be somewhat justified, but not after this years performance. Once the PR begins to increase, this stock price is going to be at much higher level.
The only real thing left is to get audited financials which will hopefully be happening for the Q4/Year end financials. Even without any further growth, once this current performance is audited this thing is going to take off to well over 1$ range. Again though, they are still certified financials so if the parties were to represent false or misleading information they will be going to prison. And those individuals are aware of that so there is little doubt in my mind they are accurate. But with this kind of cash flow and net profits they should have no problem getting audited financials very soon.
In regards to the low PR, they are likely keeping the performance as quiet as possible for share buyback reasons.
TRADING AT 1/2X SALES?!?
SALES IN THE LAST 2 QUARTERS ALONE 48.3MM$
AND TODAYS CLOSING MARKET CAP = 49MM$?!?!
THIS IS ALSO ASSUMING NO GROWTH, WHICH THIS COMPANY THROUGH ITS RECENT ACTIVITY AND ACQUISITIONS HAS SHOWN NOTHING BUT INCREASING GROWTH QUARTER OVER QUARTER.
IF WE ASSUME SIMILAR MARGINS GOING FORWARD (WHICH THEY WILL INCREASE AS OPERATIONS BECOME MORE EFFICIENT), THE COMPANY WILL HAVE NET PROFITS EXCEEDING 20MM$. THEY ARE CURRENTLY TRADING AT ONLY 2.5X THAT. ALL OF THIS WITH ZERO DEBT
COMPANY SHOULD EASILY BE VALUED IN THE $1.00+/SHARE. ONLY THING IT REALLY NEEDS ARE THOSE AUDITED FINANCIALS.
Breakdown of the Q3 Financials:
Sales - 31,174
Cost of Goods - 24,958
Op Expenses - 333
Net Profit - 5,883
Q3 Assets - 8,965
Q2 Assets - 6,289
Increase in assets over the quarter of 2,676
Liabilities - None as usual
NEWS. Unbelievable! Retiring 40% of outstanding stock. Companies never ceases to amaze me. GET READY.. that $.50 might be behind us shortly. Couldn't have more reaffirmation of the companies outstanding financial and management performance than this.
Upcoming financials are going to be outstanding.
http://ih.advfn.com/p.php?pid=nmona&article=64315429&xref=newsalert
Nothing material financially drawn from it, but it is good to see that they are narrowing the scope and acknowledging a Health and Wellness focus for the companies current assets and future development. Anxious to see the performance scale that True Health Wellness will be contributing immediately as they have said it will be immediate value added. This company really is making a lot of big moves right now. It is going to be a very good month and final quarter for shareholders.
Such cheap pps it is hard not to. If this company keeps pace for this year, it is currently trading at just above 1X sales. DEBT FREE. Typical margins ranging in the 30%, and after researching some of their new business developments, those margins will easily increase even higher. Truly just an under followed situation, but more and more eyes are coming and will be coming when this performance keeps compounding on itself.
Me too. Thank goodness I had a little cash free up today. This upcoming month is going to be huge. Won't be floating down here much longer.
Great developments today. I have been anticipating the financials so much that I almost forgot about the development of the website. I couldn't be more pleasantly surprised. There were a couple of confusing setbacks with the websites launch but it was well worth it to release this final product. Very clear and informative on all the business units of GBHD. Another item is the final acquisition of the exclusive rights to pharmaceutical treatment of endometriosis. I am by no means an expert in this subject matter but this is something that could have huge upside potential in the future. Anxious to see future releases this year on the products development and distribution capabilities. This company is making a lot of big moves in multiple industries that are going to pay off big down the road. Even more anxious now to see the upcoming quarter and year-end financials. Big things are coming..
Slight over reaction to this recent activity. Yes it is unfortunate for shareholders given the depreciation in price but this in all reality this "BIG SELLER" has only 1% of the outstanding shares out for sale. Unless this is just a chunk of their position, this seller does not have inside information holding a mere 50$ position. A multimillion dollar company with a current market cap of almost 6M$ only has someone selling 50k$ worth of stock?? So what is leading people to believe that this person is going to have inside information? IMO that is some real board logic.
The only equity positions that I am or have been involved in that get big inside information are positions that exceed 5% or more. And to receive any kind of inside information the individual or entity has to sign and register a strict non-disclosure agreement. SO in the event that this individual does have a relationship with Coda management to get insider information (which they wouldn't with 1MM shares) he would still be under strict regulations against trading the stock. Now if he isn't getting the information from Coda management then the only other possible assumption would be that he has early information on the litigation from people involved in the court proceedings?? I hope that I don't need to explain why and how that would be very uneducated to believe.
Sure this is a person with a good sized position that believes the stock is a sell at .06$. And that is assuming that the individual doesn't have their own pressures outside of this investment forcing them sell. Even then, this is a person who believes that the stock is going to continue downwards from their own individual outside perspective. My guess is it is an individual who has been holding there position for some time now and has decided the risk of upcoming news may now be worth the reward. IMO it will be well worth it.
Well I definitely didn't anticipate this much volume at this price. But again, it isn't that much being put out there (right now). Yesterday the 1MM shares at .60 still isn't even 1%. Clearly someone is sick of holding and doesn't want to wait for this litigation to be resolved. I am doubtful of someone having advanced knowledge of the ruling and selling out mainly because that volume of shares would be pretty risky to try and dump(insider trading). Outstanding opportunity for anyone interested in getting a large position for no premium whatsoever. Unbelievable discount being applied to these shares right now. Unless an individual were to think the company is going BK, this valuation and desperate selling offers an outstanding entry point.
ALMOST EARNINGS AND NEWS TIME.... I can't wait. I have no doubt this company is going to continue to impress. If they keep on track with last quarters earnings release we can expect to see them in the next week or two. Need them to at least wait a couple of days though so I can clear up some additional funds to purchase as many as possible at these levels.
I also agree that even given the worst case scenario these pps straddling .06 are unreal. Every investor has their own situation and objectives so I don't want to say that it is ignorant because someone may just be tight on cash and need that money. But in all reality if they are just selling to sell the stock then it is a very ignorant move at those prices. I have been loading up as many as possible. I have a strong feeling that we won't be seeing too many more shares crossing the table at those low levels anymore though (unfortunate for buyers). And if they do, they won't be staying out there long.
Someone that is educated on the company and their current situation would be ignorant to ignore shares sitting out their at this value. Those low volume trades (opinions of few) value the company at less than 1/4 x sales and less than 1 x yearly net income. LESS THAN 1X NET INCOME. I realize their are strenuous circumstances on the company currently but not outcome from the current litigation can justify those levels at all. And we have clearly seen that the convertible debt holders (ALSO CURRENT 20% EQUITY HOLDERS) are 100% backing CDOC throughout this situation and willing to extend debt terms with negligible effects to CDOC. Their interests are highly correlated to all of us shareholders. By extending the debt without any stipulations or high fees, that also shows the confidence the debt holders have in CDOC winning this lawsuit. And the debt holders knowledge of the situation is far superior to that of any of us in the public. If they truly thought CDOC would lose this, they would be proposing very different terms and/or fees.
Bottom line is that these levels are great investment opportunities if they lose that lawsuit. If/When they win though.. this will easily be at 2.5x current prices. When they renegotiate the debt and get that situation resolved for the long term, this will take off. It will almost be comical to look back on these valuations. I know I will be wishing I bought up more.
Do not overanalyze these fluctuations in the price per share in the short term. To put things into perspective why people should not:
Since the most recent little peak of almost .40$ on September 16th, the companies stock price has been cut in half to levels straddling .20$. DURING THAT SAME TIME PERIOD THERE HAS ONLY BEEN 2.351 MM SHARES TRADED TO CAUSE THE CHANGE. Even if we assume that none of those trades are re-trades during the same time period that is ONLY 0.9% of the outstanding shares being traded. NOT EVEN 1% of share volume was traded to cause the change in price! Sadly some individuals see this price decline and it shakes them into selling and salvaging whatever they can because of fear. The price decline over the past month is the opinion of the very very few. Whether it is price manipulation or a desperate trader that needs the money, the fact is that their opinion of the stock price does not reflect the companies worth. Don't be fooled by it and know what you own. Don't be influenced by the short term extremely low volume trading.
One of the big reasons I have been absent from the board for a while is because this isn't a company that can have its equity analyzed on a daily basis. This company at best can provide information that can be analyzed on a monthly basis and around their earnings times (hints why I am back for discussion). I have done my due diligence and I have joined the 99% that are well aware of the company they own. These small fluctuations will not bother me no matter what my personal cost basis per share is because I know that when the market realizes its value it will be exponential from current levels.
We have discussed this multiple times on the board, but even in peak times this year of almost .50 over 90% of the shares still didn't budge. The company is making major moves over this year through investments of retained earnings and once those investments come to fruition, this stock will explode. With these levels of performance it will only be a short (<1yr) time until a major acquisition offer comes in and/or the big fund eyes get narrowed in on taking advantage of this arbitrage investment opportunity. Only thing I plan on doing in the short term is to continue to take advantage of these unbelievable price levels and read news about the successful operations of Global Holdings.
Even with the worst case dilution this price per share at .06 range presents a fantastic buying opportunity. 6MM$ market capitalization is just ridiculous for this company and the revenue/earnings it creates. Sure there are risks associated with the company currently but the return potential is farrrr outweighing those risks. This is clearly weak hands with low volume bringing it to these levels. Fully plan on continuing to exploit them.
No brainer indeed. Hoping they don't get those quarterly results out until atleast late next week. Will have a little bit of extra funds to hopefully buy up some more of these cheap shares down here. Hands down the most upside potential equity I have in my arsenal right now.
And yes, there is clear price manipulation going on every day with this thing. Most of the time its a fund trying to scare the weak hands into selling lower and lower so they can buy up at major discounts. Sadly works quite often. But either way, those weak hands will be selling way before I plan on it so it is better to get them out now. Perfect example right now with the 100k+ bid sitting out there with a clear trap put on the price. Likely the one that immediately sold down the price after your buy.
I AM BACK on the board. I never left GBHD though. Actually been just adding and adding as people continue to sell at these discounted prices. I couldn't be more excited to get the 3Q financial results, which we can be expecting to see in the coming weeks. This company has been so busy with acquiring positive value-added business segments, I am anxious to see everything integrated together. While it may take a quarter or 2 to realize large value from these acquisitions, we will still be able to get a look at what GBHD is going to be capable of in the future.
Still hard to believe such an undervalued opportunity exists with this company in the market. THE COMPANY HAS HAD 25MM$ in revenue in the past TTM?!? and people are going to continue to sell shares in the .20-.30 range or Mkt Cap 50-70MM$?? Currently they are trading at 2X their companies TTM revenue. 2X REVENUE?? WHAT? I really don't think people are analyzing what a pps like that means when they are selling it. But doesn't bother me, I am continuing to exploit those weak hands and soon reap the benefits.
I could see a justification for maybe 3-4X revenue for the most conservative investor if they had a decent amount of debt. BUT THEY HAVE NO DEBT. Hopefully people realize how huge that is, and not just for the financial health of the company. But it also represents a management that is extremely smart to be capable of having this growth pattern without taking on any debt.
People are likely frightened by the wild swings in price. That is largely because of 2 reasons. The first is the relatively low amount of shares that are traded actively over the short term. If you look back to the peak times in the past couple of months, there are still very little volumes (compared to the outstanding amount) traded. Lower available volumes will cause buys to have to pay higher premiums for getting large volumes. That also goes for the sellers. They will have to sell at major discounts to get out of the stock whenever they want. Poor trading strategy only increases the effects on those 2. Don't sweat a premium price paid for the shares though, this company is worth so much more than it has traded for ever. (Unless you really need the funds today or something, bc then you may be in trouble).
The second reason: The mix of trader types in this stock. The majority of shares being held are not speculative day-traders. They are much larger funds waiting on a long term payoff. There is also a minority amount of traders that are continuing to trade this stock like a penny stock. These individuals are the ones responsible for the wild swings downward lately. Again even in the most peak prices of the past couple of months the major ownership hasn't even flinched. These are the owners that talk daily with management and know much more than we do. They know what this companies worth. And ITS NOT IN THE CENT RANGE. JUST WAIT, THE Q3 FINANCIALS ARE ALMOST HERE AND THE YEAR END FINANCIALS WILL BE SOON TO FOLLOW. ITS COMING..
The conclusion to the lawsuit should be coming shortly within the next couple of weeks. No new news has stimulated the extreme price discounting we saw yesterday. It is just weak hands or people that desperately in need of the cash selling it for whatever they can get.
The 2 recurring worrisome situations: The lawsuit currently and their convertible debt. One of the main reasons I am not worried about the lawsuit. Coda's debt holders extended the note for one year on NO CHANGING OF TERMS. I have never seen anyone extend a debt maturity for a year with NO NEGATIVES. No increase in rates or big fee. These debt holders know much more than any of us on the outside do, and they know more details about this lawsuit than any of us do. They are not checking online courthouse reports, they are actually talking face to face with all these people. If they truly believed they were going to lose the lawsuit, they would have renegotiated on awful terms for Coda shareholders. We didn't see that happen though. We actually saw them not change a thing. Hinting at one thing.. Don't worry about the lawsuit.
Another reason I believe that Coda is going to win this lawsuit is because of the past trends of the plaintiffs. They have a LONG history of greenmail type stuff. Their past litigious history and settlements would suggest that they were looking to raise this lawsuit and then settle out of court as they have in the past. It is a strategy that sadly many firms are able to make money off of from weak companies not wanting to go through the court processing. Coda knew that going in and clearly have no intention of settling out of court with them because they know they will win this case.
Lastly, the Convertible Debt. The convertible debt holders also own 20% of Coda currently. That alone is argument enough that their interests are 100% aligned with ours. I understand the hesitance that comes with a company that has convertible debt but NOT when the debt holders are also owning 20% of the Equity??
This price level presents an unbelievable buying opportunity. There is no situation that justifies selling this down to a pps less than .06? That is a market capitalization of 5.6MM$?! Some people that are trading in a panic need to stop and realize what that pps trade actually means.. Coda's yearly revenue has averaged 22MM$ over the past 2 years. Their NET INCOME has averaged 5MM$? There are challenges moving forward with this company but I don't see any situation or outcome from the lawsuit where these price levels are justified. Get ready because when this companies lawsuit is resolved and operations are back to full potential, this stock price will easily be many multiples from the level it is currently at.
I am frequently checking for the resolution to their lawsuit. But sadly I don't have time to sit and monitor the market price of their stock so I did not realize yesterdays price levels till market close. I have cleared up funds and won't be making that mistake in the coming days.
This companies current situation from a pessimistic point of view: August they had record sales of 2.2MM, 6MM Fed K, and assume just 1.8MM for the other two months combined. That makes 10MM$ in sales IN ONE QUARTER. I know they wont be realizing all the revenue for accounting purposes, but bottom line is the currently activity level for this company in Q3 was closing 10MM$ in sales. And their market cap, even after this mornings little run up is still only at 15MM$?? And this isn't even factoring in the future growth potential that will be seen from closing contracts of this caliber.
Current valuation just doesn't add up at all. Only explanation is the limited PR. But under-valuations like this won't stay hidden too long. Especially when the Q3 official results are released in November. If you aren't strapped for cash, I would highly recommend holding on till then atleast. Very few investment opportunities with the upside potential Virtra has right now.
Couldn't agree more. This quarter is really going to be unbelievable on paper when Q3 results comes out (which I cannot wait till the Q3 results are released, this companies stock is going to take off), but it also is going to be huge in unwritten public notice. The contracts they have closed on this quarter will fuel so many future business deals for this company. The market is significantly undervaluing this company on current operations alone, much less if you factor in the growth potential for this company. It becomes almost comical how undervalued they are if you apply that growth premium.
Virtra has such a quality product in a ultra-niche market that once it gets the increased notice from the quarter, things are only going to increase more for them. Things are only looking up.
10M is EASILY attainable. Their recent levels already support and exceed that projection. The companies margins are very autonomous and predictable. The only thing I could see happening is their margins increasing even higher now with the increase in volume demanded.
Imagine just a P/e of 3 (which is unbelievably pessimistic for valuing this type of company), the companies market cap would be at ~30MM$ or .20 pps. That pessimistic view is 150% over the current market valuation of ~.08 pps.
I am not surprised at all that there is not significant volume now with the recent news and these price levels. The intelligent people realize this companies value is not even close to being realized. Not yet atleast.
Unbelievable undervalued company right now. With the recent quarters performance, I am shocked this has managed to stay as low as it has. The only explanation is that it just hasn't gotten enough eyes on it, but it will. When they release the monstrous Q3 results people will take more notice. I have been a holder for quite a while now and I have no intention of taking any profits off the table . I think one would be ignorant right now to sell at anything less than 20MM $MC (.13pps). This quarter alone they will likely have recognized over 9MM$ in revenue. I am not sure how much they will be booking for this quarter (they won't be booking all the revenue in this one quarter for the 6MM$ contract.)
So right now it is currently trading at a 12-13MM$ market cap? Are you kidding? After the recent releases of record revenues in August, and NOW THE 6MM$ CONTRACT? Crunch some simple numbers and see that this is an absolute steal right now. Could easily be north of .20pps before years up. Just wait till this is all finalized in the coming quarterly report. IT IS COMING...
This is a true game changer. The synergy capabilities with this acquisition will be tremendous. Much more than a doubling in size. Hang on, things are going to get very interesting in the coming quarters.
The growth is going to keep coming for sure. This management has proven time and time again they are competent and capable enough to make it happen. Really anxious for some big news tomorrow.
Great analysis in that article Stocks. I have been long IVFH for quite some time and am in no way fooled by the recent slow walk down of the PPS. The volume traded over the past 3-4 months is minuscule. This company still has the core value that it has had in the past. Last quarters sales growth was not as high as some were hoping but I feel this quarters results will be much stronger. Once this quarters excellent growth is confirmed this company will be receiving a lot more attention. Also hopefully more light will be shed on the rumors of a merger or acquisition. This companies management has proven to be very competent and I have no doubt whatever they are planning will be big news. Long IVFH.
Well we definitely saw a lot of that activity yesterday. HOLY volume... Wish we could have seen more price appreciation with that but we're getting that into stronger hands at least. Volume dump made alot of great entry points possible for investors yesterday. I agree, it is highly doubtful any (smart) investors will be even considering a sale below 30 or even 40. There is big news coming down the pipeline for the rest of the year and it would be a shame to miss out on it. Once the performance is shown to be consistent and auditing is imminent, the MMs won't be able to keep it down. When this thing finally catches on, just watch out. It is going to amaze us all.
Congrats on the entry point. Still unbelievable to me that price is possible after the last quarters results. Market never ceases to amaze me.
Right now is a perfect example of very poor selling. Going along with what we talked about yesterday and the current suppressed pricing in the market. Over 100k shares have traded this morning and we only made them pay a 6% premium to get that much volume???? There is currently another 50k shares trying to be bought as well. So 150k shares are trying to be purchased this morning and you're not going to make them pay a premium for that volume?? That is selling 101 when you see that kind of surge in immediate demand. No matter what angle you take, that is very ignorant selling.
Someone clearly just found the stock, recognized the value and wants in. Make them pay to get that kind of volume. Make them come up to meet an ask price. I am in this for the long run so this short term selling has little effect on me but I am just thinking for the individual selling. Be smart and you could be making at least an additional 10-25%.
Very outstanding entry point for the individual(s) making the purchases, but very illogical for the seller. Again, at least those shares are now into smarter hands now. The sellers currently going down to meet these bids are not individuals I want holding the shares.
It certainly is a major secret waiting to get noticed. Like you noted before, the unaudited financials is the current achilles heel for this stock getting the proper valuation it deserves. Once the auditing firms and legal firms are confirmed (pretty much sealing the deal on audited financials) this stock should take off. Also future revenues confirming the ability to consistently perform at these levels will attract a lot more investors.
Another achilles heel is the current short selling of the stock. Today aside, there have been big volume trade days but the current shareholders are consistently going down to meet the bid prices (why? I have no idea because they could be getting a lot more just sticking to the current price at least). If I were an investor currently trying to get in on the stock I would be low bidding it also if I knew I could. The good thing here is that those shares are going into stronger (higher cost) owner hands. There was a good amount of volume traded during the past month period but relative to the outstanding shares it was still not that significant. One of the most comforting things seen in the past month is that there were at least 90% of the outstanding shares that never even showed when the stock got to .50$. Showing that the vast majority of shareholders know this company will be worth much much more.
Another factor is that it is very under followed. It doesn't exactly make the front page of the financial news or anything. In the past its revenues were outstanding for the companies size and structure, but in the big picture they were still small in volume for any big investors to take notice. However with the recent revenues and growth in the past quarter, it will be the type of volume necessary to get the attention of larger investors. And it won't take anyone long upon discovering it to realize the under valued situation. The best part about this company is that it is so easy to see the value. They don't have complicated debt structuring or convertible share situations etc. It is analyzable by anyone with a basic understanding of accounting and finance.
The recently volatility IMO is due to short term spec traders trying to make some quick money (which I am sure many did). It surged on news of the quarters outrageously high revenues (rightfully so) and then when it cooled those traders have gotten out and some are still trying.
BUT I am confident the financials will be audited this year, the short traders can only last so long, and it won't remain unfollowed for long. Only a short little wait till this companies valuation will be accurate in the market.
No problem at all. Mostly all of my analyses were done before investing in them so it doesn't take much effort to copy it here.
Really just trying to help provide clarity for anyone sweating these very small term minor ups and downs. And also reiterate the unbelievable investment opportunity at hand. I'm in this for the long haul. Honestly the pps could top 1$ tomorrow and I won't be selling.
$GBHD
Another look at the extreme growth of this company. Over the past year they have grown:
Increase in Net Profits:
40% (2013 Q3 - Q4)
65% (2013 Q4 - 2014 Q1)
129% (2014 Q1 - Q2).
Which profit growth can be short sided given a company can liquidate inventories, increase accounts payable accounts, decrease accounts receivables etc.. so then we head to the balance sheet...
Increase in Net Assets:
26% (2013 Q3 - Q4)
24% (2013 Q4 - 2014 Q1)
25% (2014 Q1 - Q2).
Looking solely at the asset growth may be short sided for some companies, BUT THIS COMPANY HAS STILL NOT TAKEN ON ANY DEBT.
Increase in Liabilities:
0% (2013 Q3 - Q4)
0% (2013 Q4 - 2014 Q1)
0% (2014 Q1 - Q2).
They have consistently quarter over quarter increased their net assets along with the outrageous increase in net profits all based on organic retainable growth. Some people may see this as a shorter term investment, but this companies consistency for adding tangible value will make this a major long term value investment as well. Don't get me wrong it will be very profitable short term investment throughout the year. I still believe that as growth continues and financials are audited, this company will top the 300-400M$ market cap by year end. But this company has the performance consistency and management competency to be an even higher return in the coming years. This company has big things in mind,
"The short term (one year) potential is in the hundreds of millions in revenues. Longer term (3-5 years), this segments will be a multi-billion dollar category. The profits due to mass purchases, rebates from major manufactures (already in place), and synergies from tie-in partners such as custodial companies to service these locations is proportionate to the revenue growth."
I know these are just words, but they are proving pretty consistently that their actions are working toward these figures.
Over the next month or so they will certainly be releasing more details regarding the launch of WW and updating the sales growth for WJ. I imagine it will be similar timing to what we saw last quarter. It would be nice if they could roll out some updates before months end and keep this momentum. Either way, the good news is only going to keep on coming in throughout the rest of the year.
What I am looking forward to most though is the uplisting news. I imagine this news will be closer to Q3 closing time as it will likely not be taking place until year end. This is the news that will really cause an explosion in the stock price. Once these outstanding revenues and growth figures are audited it will appreciate quickly.
Still unbelievable to me that its value in the market is so heavily discounted right now. Its P/S has been hovering at close to 1? Unbelievable, only a matter of time and getting that uplisting. If the market doesn't realize its value, it is only a matter of time before they will start receiving offers again and those numbers will be significantly higher than what we are seeing right now.
Couldn't have a much better morning that this morning for buying with these high volume/ low asks sitting out there. stupid selling, but a definite buyers opportunity to get a big stake cheaply.
Agreed. very poor ask pricing going on with this volume. Great time for any potential investor to buy large volume at low price..