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How much CXAC do you have, Jersey?
I am jealous
I am sure glad I put my Equity line of Credit into CXAC yesterday. I am going to Disney World!! LOL
OTCBB and Pinks seem to be acting better. Nice to see finally
hampton--I like your figures. If you are right, and the company does better than $10 million in revenues for 2008,say, $15 million, 2 times revenue could give GLGT a price over $0.30. 1000% gain looks like pumping now--but if the Silent Soldier gains any headway in India (checking the past PR's) and maybe the Shanghai 2010 World Expo, we could be looking at that .30/ahare.
Funny thing how sometimes you can argue a case for much higher prices, but until the stock starts to act like more than a few see the possibilities and buy accordingly, the early birds like us just do not feel comfortable enough to buy heavily.
But when GLGT gets over .06 on much higher volume--which I believe will happen after the transaction is closed--buying alot more will obviously a good idea (especially, like you said, if SmartWear needs to start acting like a public company with business development disclosures ---usually in the form of filings and press releases).
PGSW--wheeeeeee
Let's say 100 million shares outstanding and the stock goes to $0.15. That is a market cap of $15 Million. If they come in at a minimum of $10 million in revenue, then the Price to Sales ratio is 1.5.
1.5 x revenue would be too low for a company that just increased revenues year to year from $2.6 million to $10 Million. That is a 200 plus % increase. And that forecast factors in nothing from the Silent Soldier technolgoy from GLGT.
Using an assumption of only 3 times revenue (pretty low IMO), the market cap would be $30 million when the stock is trading at $0.30.
5 times revenue is a $0.50 price.
And, again, this is assuming that $10 million is coming in--and that there is a very real possibility that GLGT's technology coming into the picture will provide revenue.
So, to me, buying some at $0.03 is a "calculated risk" with real potential for a 1000% gain in the event that contracts that reveal how they are getting to $10 Million are announced and what Silent Soldier contributes to the top line.
Hmmmm---- even if I discount the possibilities by 50%, a $0.15 price is still a 500% gain from here.
And what if the $10 Million forecast IS too low when factoring in Silen Soldier? Then you can up the target price.
Calculated risk, anyone?
You were right on GLGT, pennies. Your chart said it would go sideways for awhile. Is the chart shaping up--or looking worse now?
Thanks
I thought I was just hearing things! It was Smartwear mentioned on CNN. It was not about the company, but about RFID and keeping track of individuals like children. One line mentioned Smartwear, but by the time I got to the television --I was in another room--the segment was over.
Thanks for posting.
The Surge IS working.
Just a little DD on SIRF
Only two buys from Internet manager
By MarketWatch
Last update: 11:12 a.m. EST Feb. 12, 2008
BOSTON (MarketWatch) -- Ryan Jacob, manager of the Jacob Internet fund, says that the revaluation of multiples for all stocks is hitting the technology sector particularly hard and noted that investors will be dealing with "significant headwinds" in tech stocks all year.
In a radio interview with Chuck Jaffe, MarketWatch senior columnist, Jacob noted that investors who want to swim upstream need to concentrate their picks, choosing fewer stocks and picking them with particular care. Not surprisingly, the majority of stocks he reviewed during the interview were classified as sells.
Jacob said he expects a Yahoo-Microsoft merger deal to get done eventually, most likely over the next few months and at a price below the $40 per share that some Yahoo investors are hoping for. That said, the uncertainty over the deal made Yahoo (YHOO:7.57, -0.53, -1.9%) a sell based on its short-term characteristics -- even though he noted that he likes the looks of the stock for the long haul.
Jacob MSFT 2put buy rating on Google (GOOG:504.60, +1.74, +0.4%) and Sirf Technology Holdings (SIRF: 6.51, -0.28, -4.1%) , the latter in spite of a 70% haircut in its stock price in the first six weeks of 2008.
SIRF chart
You are on a hot one, chevy. Hang on!
When they close the deal--that is when I expect the volume to kick in. And when we starting seeing ongoing PR's on the two companies business plans. Smartwear obviously has revenues--and must have announceable events on a periodic basis. And GLGT has the Silent Soldier-the technology that SW was looking for.
Sometimes you think that a good deal is obvious to all--but most need more convincing. I have been early to the party before--just waiting for the keg to get tapped and I will be fine. LOL
Anyone follow SHSN? I am picking through the rubble today.
Do you have puts on CROX? Nice
Trading Alert on GLGT-- released 8-K AFTER market close yesterday.
LOI to merge with private company with revenues and a $10 Million revenue forecast for this year is now a BINDING LOI. Could be a good play if a PR comes out too. (Never understood why a company cannot get both done at the same time.)
8-K filed...
On February 5, 2008, the Registrant signed a non-binding Letter of Intent (the Ò Non-Binding January LOI “) with privately-held SmartWear Technologies, a security solutions provider offering solutions in the areas of homeland security and personal safety though patented and proprietary Radio Frequency Identification (RFID) and Global Positioning Systems (GPS) based technologies. Based on subsequent discussion between the Parties, they have agreed that the terms and conditions in the Non-Binding January LOI are now to be considered to be a Binding Letter of Intent, subject, of course, to standard mutually satisfactory due diligence and the execution of a Share Exchange Agreement between the shareholders of SmartWear and Global General.
A copy of the new Binding Letter of Intent is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5741952
Trading Alert--GLGT released 8-K AFTER market close yesterday.
LOI to merge with private company with revenues is now a binding LOI. Ask went up after the close. Could be a good play if a PR comes out too.
8-K filed...
On February 5, 2008, the Registrant signed a non-binding Letter of Intent (the Ò Non-Binding January LOI “) with privately-held SmartWear Technologies, a security solutions provider offering solutions in the areas of homeland security and personal safety though patented and proprietary Radio Frequency Identification (RFID) and Global Positioning Systems (GPS) based technologies. Based on subsequent discussion between the Parties, they have agreed that the terms and conditions in the Non-Binding January LOI are now to be considered to be a Binding Letter of Intent, subject, of course, to standard mutually satisfactory due diligence and the execution of a Share Exchange Agreement between the shareholders of SmartWear and Global General.
A copy of the new Binding Letter of Intent is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5741952
ONMC chart
Nice chart on GLGT. Looks like a BLUE SKY breakout coming up.
NICE move on AWYI
Good point. Really have not thought about Smartwear's investors. Getting Smartwear stock when it is cheap would be attractive if you already invested it through a direct investment. They might not even be thinking of getting some in the open market until after they close on it. But a Binding LOI is getting darn close.
I hear ya. Money goes to where it is treated best. And I have had my money abused before. LOL. Doing OK with GLGT right now.
AWYI, GLGT, CYBL, scanned
GLGT
CYBl
socal? Were you the moderator before? Come back. LOL
Things are looking good now. The ASK is now at .056.
GLGT Bid: 0.03 Ask: 0.056 Last: 0.042 ($): 0.006 Vol:301,900
Nice on BLLB, lang. Congrats
Waiting for one of mine to do the same.
AGIX on watch
Waiting for huge volume on GLGT. I may be early--but I am up because I am early
Looks like GLGT is getting a few others noticing the move up. Nice to see we are not alone. LOL
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26933166
Nice chart-- The close today will be key to tomorrow
GLGT chart on another board.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26802598
I believe that there will be survivors in this mess...and LUM will be one of them.
NLAI hit scan
Could you update a chart you did awhile ago, redsox?
TIA
LUM looks like it will be a survivor--especially with what the FEDS are doing with their Foreclosure avoidance programs.
And with Warren from Omaha saying he is interested in backingup the bond insurers, we might be able to get a little foundation back into the mortgage industry.
My bet is that LUM will still be standing when the dust settles.
THe GLGT side is just part of the new business plan.
GLGT overview--http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=glgt
Once SmartWear becomes part of it, we should really get some action with news. And their technology is selling. ice to see that SmartWear management thinks a 300% increase in revenue year over year is possible.
Thanks, looking to contribute ideas with all the others
CHRI has been nice
FCRZ--nice find, street trader
Wake up, SPCI
GLGT creeping up. Nothing exciting yet--but with some more volume, who knows?