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Why does a multi billion dollar company choose to do a reverse merger? (I realize it's not a multi-billion dollar company). The same reason Google and Facebook did IPO's (initial public offerings - ie: went public); to expand and increase profitability. Doing a reverse merger is one (cheaper) way to take a privately held company and go public in order to access public capital. What would they do with the $$$ they raise? Buy out more and larger companies, for one. Become a worldwide leader in their field by mergers and acquisitions.
Looks like VERT and ASCM are playing with themselves.
It's my opinion that converters are nearing the end of their supply, which means big reversal!
Gobble Gobble!! As in gobbling up shares! Nom Nom Nom!
Nom Nom Nom ... here go the 57's!
The hanging doji bodes well for a likely reversal.
I don't see MAXM anymore. Oh wait, there he is as $8.00!
Or the lawsuit the company has against the IRS, which would wipe out that liability" completely.
You didn't ask me, T, but I've been around for +10 years, and it seems like I'm seeing more of the "end of dilution" news than I ever have before ... maybe 1 or 2 every month it seems (I haven't kept track). The result is usually a good spike in price, but not always a sustained one.
Right?!? It could just climb back up to where it was yesterday. Fantastic contract with the entire state of Florida in the works!
So the Department of Health for the entire state of Florida is saying, "We want what you have. Just tell us how much it's gonna cost." I'm a contractor, and those are the absolute best customers to have!!! Name your price!!!
"The contract will be for the installation and maintenance of the HealthSpace CS Pro Enterprise cloud application for the entire state of Florida, with over 1100 concurrent users. DOH provides environmental health services to detect and prevent disease caused by natural and manmade factors in the environment. Further details regarding this contract will be announced once a final contract is signed by both parties."
The trading halt in Canada just gives everyone trading in the US a head start on the competition. Once the contract is negotiated and trading in Canada resumes, the price should scream northward! imho.
Gonna be one mother of a contract. "The Florida Department of Health has posted on MyFloridaMarketPlace Vendor Bid System its intent to award a 5 year contract to Health Space USA Inc., a wholly owned subsidiary of the Company subject to successful contract negotiations.
Health Space president, Joseph Willmott stated, "This is the largest single contract bid ever issued by an environmental health regulatory body."
10 trades have taken place since it was halted in Canada. Reason for halt in Canada? Pending Company Contract (which is a good thing).
Okay, but still trading in the USA.
Trading not halted!
We are on the cusp, the cusp I say!
The Hidden Gem of the OTC! Just waiting to be recognized for the beautiful flower she is!
All we need is a peep from them about ANYTHING they're planning, and this thing will skyrocket!
That $260K profit is for ONE QUARTER - 3 MONTHS! That means an easily possible NET profit of over $1M for a single year, and their growth seems to be a doubling each year! Now companies in their sector (PEO) have a market cap of anywhere from 10X - 18X annual profit. If you take $1M X 10, that puts the share price @ about $ .25. $1M X 18 puts the SP @ about $.45. But the way this company is growing, I wouldn't doubt that the market would put a multiple of 25X - 40X on this, putting the SP at $.60+ - $1.00, perhaps even higher!
That 260K net profit was for a single quarter! With 260K profit for one quarter, let's say an even 1M for a year (it was at 700K last year). At 40M+ OS (20M float, 20.4M held by insiders), that's .06 dividend/share/year. A conservative multiple in the PEO sector is 10 (up to 18). At 10, this price could easily be at .60!
Higher highs, Higher lows!
Wait'll lunchtime is over!
Level 2 can't even keep up with this action!
Okay, I just offered to buy at the ASK, and I was filled at the BID!
Then what do they do right after covering? Short again! smh
Short Squuueeeeeeze!
It might have something to do with the value of FRFS, which is an asset of GIFA. A reverse merger has not yet occurred, and FRFS might be name-changed to GIFA, but it is not yet GIFA - it is FRFS, and it has a multi-million dollar market cap. GIFA bought it at rock bottom prices, and it appreciated in value considerably prior to the end of the year.
Analytics is where it's at. I just read a report that the highest paid jobs in the private sector are for statistics/analytics. Jobs START at $160,000/year. Not enough people to go around. Add that to this newest hot sector, thanks to the recent Supreme Court ruling - SPORTS BETTING - and you have a recipe for success. BIG success.
Thanks. And who is Brodmann?
Thanks. And who is Brodman?
Could you be a bit more specific?
Because of the Supreme Court decision, CSRH can now turn their attention to US sports (football, baseball, hockey). It's an algorithmn, so can be readily adapted to these other sports which will interest the American gambling public. The research/development has already been mostly finished; the good stuff is about to hit the fan.
People cashing out before the big run. This thing's just being discovered.
CSRH is set up, ESPECIALLY with the Supreme Court ruling, to be a cash cow. Large development costs, but low overhead, now that they've perfected the concept, they are ready to fly. People will purchase the app - either it will be pay per play, or it will be a pricey subscription cost ($100 - $500/month imo - multiply that by 100,000 - 1,000,000 subscribers), and it will be worth every penny for those who love to gamble on sports. This technology will give them the edge in all their bets.
It wouldn't surprise me in the least for the next two or three days to be rather large green candles.
When news like this comes out (Supreme Court ruling okay for states to allow sports betting), there is a whole group of big $$$ that knows what to do with this information - finding the companies that are poised to monetize the profit opportunities latent in such a ruling. CSRH is on the cutting edge with its sports analytics applications.
This was probably the best news this ticker could have ever gotten. It'll take a day or two for the news to sink in - their customer base just quintupled! ($$$ wise)
No dilution at these levels, that's for sure.