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El, no never audited FINS released and there was company PR news on this board about jail contracts that they were awarded etc...but it all was removed probably 4 weeks ago. The lats PR was dated back to 2013. Dont know how that kinda info gets erased or who does the erasing?
El, It is quite funny that there are a few here that have nothing but gloom and doom predicted , they admit that they own shares but wont sell them. It defies common sense actually but I don't think they will ever see it this way. My god they should sell at the BID and get out of here!!
El, I do think that there would be some upside to GPSI even after they sold off their jail accounts. I anxiously await the news.
I think SECURUS has a huge presence in the prison industry already with phone and commissary business and this is an opportunity for them to get the Kiosk business as well and it would allow them to expand their position within the prison systems. It makes sense and is a smart move in my mind. I don't know if they would be a licensee or own the Kiosks or whatever but in any event a huge cash infusion will allow the management of GPSI to pay off the early high interest debt that is lingering on the books and move forward with cash and ready to dominate the government space.
El, to answer your question about the figure I came up with. LawDog has info on how much money comes into these kiosks weekly/ monthly and has posted those figures before. I am figuring that there are about 150 Kiosks deployed throughout the jails that they are under contract with (jails only) so at the very minimum each Kiosk takes in average of $1000 per day, and it could be $3000, but I will figure very low. So $365,000 per year for each Kiosk x 150 Kiosks would be 54,000,000 processed each year. If the average take per day is $2000 then we are at $108,000,000 per year... And so on. Law Dog could attest to at least one Kiosk and the average daily and I think everyone believes that he works in the system. So it's formulas like this I use to determine what I think this company is worth. Since there are no financials to go by I connect the dots. And thanks for the compliment that says I know this business..well I do know a lot about it actually and that's how I found this stock originally. I am a trader on the big exchanges as well and GPSI is the only penny stock in my portfolio but I am confident that it will be performing quite nicely in the not so distant future. I owned GPSI for mny years and have actually bought stock at .0005 and saw that go to .02. That is a 40 bagger... Those types of gains don't happen on the big boards.
Eleniak, yes I have been buying the stock all the times that I mentioned I did. What I'm saying about the jail side is that it is my personal belief that they are processing between 50 -60million annually (minimum) and so that alone would generate almost $2 million in revenue. If SECURUS was going to buy that portion of their business it would generally be bought at 4 or 5X that number, so my guess is it could in theory be worth up to 10 million. This is just my theory based on information I have compiled over the years. I think GPSI is grossly undervalued and it will soon start catching up to where it should be in value and will get more attention than the ten people here, myself included. This company is so tightly held and I would all but guarantee there is no institutional owners of this stock but rather all private holders.
Eleniak, didn't know you were a woman so my apologies for one or two emails of mine where I referred to you as ' brother'...so now I will say sister. Ron is right about the future being in the court spaces and municipalities and here's why. Once a Kiosk gets installed at a jail/ prison it will reach its full capacity in the first year probably meaning that it will be used by whomever is going to use a kiosk ( which is most everyone) but there are only so many beds in each facility and there are a certain amount of visitors that are regulars for each inmate so in a way you can say that the Kiosks have a bit of a ceiling built in as far as revenue goes. The revenue could increase by visitors putting more on the inmates books...but the bed count still stays the same.
The court spaces however are unlimited in revenue potential because of the vast amount of bills and fines that a person can be paid with these Kiosks. So I would agree that this is where the big money is and what they should focus on. I also know that their jail accounts are generating a lot of revenue and the Kiosks that are currently in place in the jails they must be processing probably upwards of $$ 55 mil a year. So it would be smart for the telephone company in the jails to also handle the Kiosk business and that would also allow them to branch out and get the commissary accounts as well ,if they don't already have them. Jails love to streamline. So jail Kiosk business alone should put the value of GPSI way way higher than its current market cap. Like 5 times higher right now...
El, stay strong and don't let the haters get to you. This board is a personal blog site for them to vent their emotions. I will celebrate the day the news hits....it's countdown time.
El, yes I saw that on L2 but it's right back to where it was at .24. A non event really. News is what we need to make any difference here and you and I both know its coming.
Gumbi, that guy was a crook and the Hodges parted ways with him long, long ago.
I just asked it if the Feds were on their way to So Cal with indictments in hand and it read '........................... 'DONT COUNT ON IT' And then I asked if Good news was on the way and it read ' IT IS DECIDELY SO' ...I love the magic 8 ball.
El, good morning. Level 2 just sitting pretty much the same as always. No action.. I may buy some more today if my magic 8 ball says to do so.
Stanley, good guess..You are right in the ball park!!! Yes, I have always been a believer ever since 2011. The RS was a set back for sure but in all honesty it had to be done. They just couldn't have billions of shares authorized and realistically move forward and be taken seriously. And as I posted a few days ago, fins on small cap companies are all in the red during the growth stages so I don't put much weight on none being released. I did get more info from my broker friend and he said that he did find some financial info that was released a few years back and it showed the loans, (the high interest loans)that the company has on their books and a balance sheet as well is floating around out there. So, he said that if the company ever releases any current news that addresses the debt being paid off (or even paid down) and has news of expansion and growth or if they release some new revenue figures then to compare the two sets of numbers and a person could get a pretty good idea of where things will go/ are going. He is researching this for me as a favor and he has information sources that are far more sophisticated than the IHUB board so if he ever stumbles across something he will forward it to me.
EL, guess what? On etrade pro level2 it shows the ASK now at .30. The .24s are gone. It doesn't necessarily mean it will stay here but if it does and we get a few buys tomorrow the stock will be at .30 by Friday...just like you predicted! Now I can't wait until tomorrow.
El, you never did announce an exact date for the news and the the 13th was created by the bashers. So, after todays action you are right that ASK was lowered by 1 cent to get some action. Its back at .24 now on level 2 any I will post tomorrow what it says. So, my broker buddy says that after looking further at the price action over the last year and the amount of shares being offered on the ASK that there is a very small float and maybe literally only like 100 shareholders...it's just stagnant and everyone is just waiting to see what happens here. I buy some every week and will keep buying all the way until news comes out.
El, 7000 shares went on the ASK today at .23 but no buyers. It came off of level 2 since then and lets see what tomorrow brings.
They actually do show up on the BID now at the very bottom :
ATDF 0.0001 10K
El, yes ATDF had aprox 5000 shares on ASK yesterday at .24 and now they have bumped up to 10K at .25
El, Here is what level 2 looks like right now. It's the same as yesterday but the 10K at .25 on ASK is new today.
Here is the ASK:
CSTI 0.24 2500
ATDF 0.25 10K
PUMA 0.30 2500
CDEL 0.345 2500
NITE 0.38 2500
ETRF 0.38 18K
MAXM 0.46 2500
CANT 2.00 100
Here is the BID:
CDEL 0.2101 8500
NITE 0.21 2500
PUMA 0.18 5000
CSTI 0.15 5000
ETRF 0.14 7500
CANT 0.0001 10K
MAXM 0.0001 10K
VFIN 0.0001 10K
El, I will take a screen shot of level 2 and post it here on the board in a bit. I'm only communicating with you and Stanley and anyone else that is here for information. I put all bashers on ignore and am saving all my posts for good info.
Stanley, I got my answer already and my guy is still up. Good news/ bad news about Coming up with a book value for this company but here goes though. First off ...all major components used in putting a value on a small cap company are missing on almost all penny stocks and most certainly on this one and the missing link here is of course financials and that is a given so his advice is not so much to worry what the book value of this company is but rather to determine if it is worthy of any type of investment or rather bet. So , he said to look at the 52 week high/low and research each big move up or down. If a big move up or down doesn't have a positive or negative press release/news/ sector news.... attached to it..then it's most definitely not a stock being manipulated by MMs and it's not a pump and dump...it's just neutral. Then he said to research if their product/ services are in a sector with strong growth potential and demand and are they well established in their sector and/ or making progress. Do they have a good business model...so pretty basic stuff...
The best news though is that he said even the small caps that do file financials have horrible numbers and are all NEGATIVE in the early growth stages and that is nothing to be alarmed about anyway If a company has true potential and is in the early stages of fast paced growth. Financials for small companies like these are often outdated and inaccurate the moment they are filed so you have to read between the lines. So that's basically the reply. To me the best advice of all was the high/ low for the past 52 weeks and there was not one single press release from this company to drive it either way and that proves ( to me) no manipulation from the company or the legendary MMs that are rumored to be running the show here.
Once/ if audited financials were released there are methods of placing book value on this company by a formula of debts vs earnings vs gross overhead vs Capitol base...stuff like that.
I have been to a courthouse in So Cal just to see an actual Kiosk installed and it's definitely real...so that was enough for me to keep going with them. Also, the PPS has been as high as .40 in the last 6 months and without a peep from the company and so it will really jump fast if something solid is forthcoming.
Also, I'm going to check level 2' tomorrow and see what the ask is. If there is only 7000'+_ available tomorrow on the ask I may just buy them and see where we go from there. I bought 2500 today and took a little bite out of the available lot. I have a hunch though it will go to .30 after these .24s are all gone. We will see. Also, my broker (voice of reason,)also said it must be a pretty low float based on the way the stock trades and the flat price and low volume/ no volume. His records showed 100 million authorized and about 11 million in the float and it was just his opinion that it's trading like that could be very accurate but again no OS updates from anytime recent. Again all the while reminding me that these stocks are gambling not investing. I prefer the odds of this stock though over any game in a casino, but they do have those free drinks.
Stanley, I will call him first thing tomorrow and ask him what one or ideally all of the methods would be that he is referring to and what solid info would be. And I should also tell you that he said there are a number of things that could be considered ' solid info' besides just financials . The announcement of partnerships, debt reduction, expansion into a new field, area, location,, etc could all be such examples of solid info. Of course some good news along with strong financials would be the perfect storm but all in good time and most likely not at the same time. I will post tomorrow his suggestion for the best method to value a penny stock with no financials to go off of.
El, Here is the info I promised. There are only 7204 shares for sale at .24 showing on level 3 as well. I have a friend who is a big broker in SF and I had him run this ticker symbol for me and its basically the exact same info showing on his level 3 screen as my EtradePro level 2 screen. Here's what else he said. Penny Stocks are gambling, not investing. These companies don't report financial data (we all know that) and therefore are NON transparent and so don't draw a serious investor type. His opinion after doing a little research though is that if they did report some solid info and verify the share structure it should pretty quickly trade at its current book value which can be estimated pretty accurately by several different methods. He also said that a broker (Like Etrade) can become a market maker for/on this stock at anytime if they so desire. There are certain brokerage firms that actually focus on penny stocks trading on the OTCBB but Etrade is not such a broker. They do however trade these stocks for their clients because they get 9.99 per trade. So, with that said this man also said it is very possible that there are only 7204 + shares available for sale and that the next buy in point is .30...it will take someone willing to buy those shares to see what level 2 will show as the next ASK price. He also said he would highly doubt that this is a well followed stock by MM's just based on the last two years action, the lack of information from the company, and the fact that the price has remained the same for so long with basically no action. There are thousands of penny stocks out there and 95% plus are just pure smoke and mirrors and the rest are legit and they have to start somewhere so they start here. That's what I learned today and that's a fact.
El, two more ask slaps and the supply at .24 seemingly dwindles. Next stop is .30 unless there are more sellers at a lower ask. Looks wild here.
El, and these buys are more than the average daily volume too. Not 100 share buys but 10,000 shares....that is definitely improving. I have someone looking in to see what level 3 says about this stock as I can only see level 2 with my Etrade PRO account and research tools. I will post that info in a bit.
El, we just had our first ask slap at .24 and it immediately reduced the amount of shares available also. So maybe there is really only 9700 remaining at that price???? I will chop it down some in a few hours and help to find out.
They are very confused. We can only wait and see what some news will do for their spirits.
El, like I said before there will be an onslaught of bashing in the coming days. There is no pumping by the company at all here on this message board. There are a few, 4 or 5, supporters of this company posting info here though and chatting back and forth. These others though they keep going over and over and over and over the same stuff. It's like they crashed a party and are sitting in the corner sampling the food and saying .I don't like these appetizers...and you say..well don't eat them...and then you say WAIT...who invited you here anyway? Your not having any fun, your pissed off, why are you still here? and then they say that they just want to hang out by the appetizer tray just to make sure that anyone wanting some food knows what they are getting themselves into...and how the appetizers gave them heartburn and based on their experience I will get heartburn also.
El, all good posts. I'm with you buddy.
Fish, I mean that I bought the shares before all the hoopla about fins being released. I saw the product in use at a California jail,and liked what I saw so I bought in...at a low price...so no they never lied to me...I didn't buy in because I thought they were releasing fins. And a real investor would never really look at a stock like this and this is a penny stock play and it's like betting on a horse race. So, yes I could see a real investor being frustrated with this company but it's a pinkie...
Well fish you can look at it your way and I guess that is through the eyes of a skeptic. You are entitled to do what you want and you definitely should not buy more. You have theories, I have theories. In your next post though about unlimited shares you should maybe post what you just did now, along with your prediction and it won't look like your back pedaling.,all you said was that there was unlimited shares available at .195... And that was simply not true. You have a theory to explain why there was not unlimited quantities and it makes sense , maybe it's true, but it's after the fact. That's all im saying.good night.
Fish, if you feel you got suckered than you should sell out at a buck and break even or make a little even and move the money to another stock. That would be a wise idea based on your experience here. I just don't think that this company ever plotted to sucker anyone out of money . They maybe made some decisions that were not the best, maybe jumped the gun with saying they could release fins, off to a rough start. I can say that I held over 5 million shares before the RS and that went down pretty quickly in value and I also had to hold and still am holding...but I don't use the words suckered and lied to and all that drama. These guys don't know me to sucker me out of my money...and remember that, and this is the main thing everyone FORGETS...you bought into this company before you got ...suckered..out of your money. Think about that for a second what I just said.
Fish, I don't know what a significant block Relally means but let's say I believe you. You are the one, correct me if I'm wrong, that said there was unlimited shares at .195, and also at .20, etc. was that you? And if it was you, were you correct in that prediction? Where did you get that info? Was it verifiable? Are you a MArket maker? Maybe it wasn't you?
Stanley, you are right in the ballpark with your estimates as far as what I also believe to be a realistic goal. This was a $2 stock for a while after the split and there wasn't any solid fins available back then either. Fast forward two years, add a bunch of government accounts, pay off all debt, and license your product to a group that is at the forefront of the cannabis cash business ....and you have a $3 stock pretty quickly. We really only need the share structure to be 10.8 mil (or not far from that) and this is a slam dunk in my book. I think you and Gumbi and Eleniak can see the same. Fish and Surf and other non supporters...Im not trying to convince you of anything so don't freak out. This is just some food for thought for some of the believers. The good news is that we will all find out sooner or later. This is just like when two big dudes in a bar have words with each other and they agree to step outside to settle it. On the way outside they are both telling Eachother how they will Kick ass and knock the other guy out, etc...back and forth..all the way to the street. Then the get to the street, the fight happens and they both find out that one of them was very wrong. That's what this message board is like.. I Can't wait to see how the fight ends...
El, the board is heating up with disgruntled non investors that are trying to save us from losing money??? They act like we are asking them to buy shares in this company (or borrow their money so we can buy shares)and they keep posting all the reasons that they won't do it. NEWS FLASH for Non supporters.... Nobody is asking you to buy this stock, we are not asking to borrow your money either.. We are not waiting for you to admit that you were wrong,...
El, again I agree. When they prove their worth and potential to the investment world and reach full transparency and can lose the dark cloud that follows them based on their PAST performance they will rock. Too many people are forgetting that this is a real company with a real product in government facilities all over the map. And that's a fact.
El, you have again hit the nail on the head with your comment. The management is focused on growing and managing the business and they are not even looking at the stock price right now. It is what it is. Responding to some penny stock investors who are demanding answers is also probably not to high up on their priority list. They would gain nothing by answering the questions that come before them and so silence is the best response right now. Most of the info being requested probably breaches confidentiality laws anyway and deals with 'forward looking statements' so best to keep quiet until something solid can be shared/released with the world. That photo that Law Dog posted is a good one and that is Ron Hodge on the right. Those guys are going to soon be able to climb atop a mountain and yell ' hey bitches' just like Jesse did in the TV series breaking bad. And the manipulative trades today that Surf is already crying about...well 10,000 were mine buying. I logged on at 6am and could have bought in at .22 and by the time I get to my office those .22s were history. So I don't know who else bought in but as far as the manipulation theory you can throw that out the window. I have a lot of shares...buy more every week...and I will wait to see what happens. Nobody should buy shares unless you believe in the company, I'm not trying to convince anyone here to like this company but I will defend it when there is a blatant falsehood posted.
Like the M word....manipulation...it's funny that the smack just keeps on coming when this stock is already doing exactly like Eleniak said it would. Times they are a changing with this company..
You can sell at a buck and turn a profit...all is good.