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Why do you think a CEO must inform shareholders of fund raising for operations? I agree he needs to report it in the financials but I have never heard of a CEO telling shareholders about each note prior. I think it is pretty clear, albeit a guess, but I think he either got a rotating debt from a private investor or lending institute based on signed purchase orders (been done by many pinks with actual product) or he continued to work with Kodiak. He did say he wants to avoid dilution; however, I am not sure what options he had following the recent share price decline. Just my opinions and guesses since we don’t have proof yet.
Large gap between bid ask. Likely to move sideways a bit now until Qs. For the chartists out there, if we do trade sideways for a week, does that constitute as a cup with handle?
This one seems like a no brainer on paper. I estimate they need about $60,000 a month to cover operating costs based on the last 9 month financials. That is unless costa have skyrocketed for some reason, but I do not have reason to believe that yet. Each of these contracts was reported as $20,000 per month. So basically we need one more for break even and anything above and beyond that is profit. Why do we even need the crypto security to value this one at much higher than $2M???
Nice to see 1 million plus on the bid with 1/10 of that on the ask. Once the chasing begins this will really be exciting. Definitely back where it belongs around $0.02 until the Qs hit.
Those $0.0163 ticks seem very much like MM manipulation. Who would sell there if the going rate was $0.02. Either they don’t like money or it is just MM fishing for loose shares before the move up. Things are looking bright. Can you imagine what happens if we get a Q or a few Qs this week?
Very true. Not enough volume and volatility for day trading. When it runs it will move fast. Anyone not holding a ticket would be left behind chasing well above $0.02 if not $0.03.
IMO $0.015 is an excellent entry point here. That assumes we get financials. All bets are off if Rossi never delivers, but even the first outstanding Q (not revisions to the previous) should propel us close to $0.03. The expectation from there would be that the rest can and will follow. I stand by my estimate that this will be a $10M market cap company when current and the STOP is removed. That would be over $0.08 per share. That is far more than a triple. Downside at this point appears to be the support at $0.0125. Worst case I can see $0.01 being the basement for now. That is only a 30% downside. Upside is 10x or more the downside. Strong Buy!
Not many 1’s available. I have had my order in for three days and no luck. Just not willing to pay 2’s yet but if the game plan is released before I can get more then I may have to.
Read the sticky note to learn all you need to know about the potential here. Upside greatly outweighs the downside. Accumulating.
My GTC AON order won’t fill. Some lucky peeps got 15M today.
Boom...10M Bid. If you are looking for the Exits there is no excuse now.
Someone looking for a nice chunk at $0.0131. New bottom???
Upside is more than 3x downside. Great entry point here. If I had to guess I would say we see $0.03 by April and $0.06 by year end assuming the financials come. Downside is that they never release any financials ever again. Always that risk, but the likelihood and the potential far outweigh the risk IMO. One of the best penny plays in the OTC, but not a day traders stock. Bottom should be around $0.012-0.01.
Bid building. The word is out. Steve could crush it if he can publicly release the business plan soon.
That doesn’t answer my question though. The CEO cannot sell his own shares to fund the company. I mean treasury shares or perhaps he received funding in exchange for shares. Can he dilute to raise funds without first announcing an authorized share structure? 10B according to OTC markets as of March 2017. They already had at least 8.16B at that point. I am confident that the transfer agent will not disclose the current structure until the new management forms the business. Can we already be over 10B???
I am still not sure if Steve can sell EEGI shares yet. Can anyone confirm? I’m thinking that the name change would lock that down. Also, without publishing an authorized share count, I don’t think he can sell shares. Otherwise he could sell billions and then announce a reverse split plus a new authorized structure. Doesn’t seem fair, but I am not certain.
Can a CEO be wrong more than once? From this board it sounds like no. It sounds like that is the definition of lying. From what I have read, heard and seen the CEO was wrong, but I have not seen any proof of intentionally misleading investors to any financial gain. I’m sure the reply will be that we don’t have financials to prove anything...thanks!
Just wish we would stop seeing 1’s on the Ask every day. I would love to know who wants out that bad at this level. They could be making twice what they are getting.
How does 90 million shares trading hands on 1/2/18 not get this off the bottom? I am confident that this will soon be moving north but there is a lot of strange things about this one. I know some folks have held for a year or more and might want out, but over the past 3 months about a billion shares have traded. It has to be more than that but I don’t understand what. If Steve acquired the shell can he already be diluting? Wouldn’t they first have to announce the new share structure?
Why? Maybe Rossi is waiting for the next Q which will show decent revenues in order to show the ones that have no revenues. I doubt it but anything is possible. If he is trying to setup the private placement maybe he wants do file everything when the ducks are in a row and a full quarter of earnings are on the record.
No bid is not a big deal at this point. I mean the only people buying right now are here and watching Steve’s Twitter feed. The $0.0001 Ask is what concerns me. Who in their right mind is selling millions of shares each day at the basement price? If they sat their Ask at $0.0002 then any interest would pay that. I just think the sales at $0.0001 are fishy. Any thoughts? Just can’t be impatient speculators bailing every day.
Even at 4.87B shares (per otcmarkets.com as of 9/30/17) that is only $2.4M market cap at yesterday’s close. Assuming two contracts per month (conservative) that would be well north of $5M in annual revenues. I always assume a 10 Price to Revs estimate which would be $50M market cap. So no, not too concerned with current outstanding share structure, but would not like to see an increase in the authorized.
I was a little disappointed in the action today. 12M does not scream momentum. I am also still worried about where the 12M shares came from. Who in their right mind would sell at the bottom a day after a large volume day? I am still confident that this will run when the business plan is published but I am keeping a couple grand off the table until then.
Can’t speak for everyone else but I’m a buyer at $0.0125, $0.011 and $0.01 right now. I’m not hitting the ask yet. If someone ones out then it will be on my terms. My story will change after the filings of course.
Definitely on watch tomorrow. If another 50-100M of 1’s do not show up on the ask then I’ll grab another 5M. Could soon be go time!
Man I was hoping for a major sell off into the year end. What happened? Perhaps the “float locked up” hogwash does have merit. I know, I know...no financials to prove it. What a scam!
IMO those that we’re planning to sell if the financials were further delayed have already gone. Nothing to drove this any lower. Only blue sky from here. $1.34M was too undervalued for the market. $1.8M is fair until the financials drop. I am still sticking to my $10M MC projection as soon as US sales restart.
The eleventh hour is upon us. Where is the sell off since we don’t have Qs in 2017? I’ll give you a penny for all you got.
This should be a $5M market cap company on these three contracts alone. Grossly undervalued at $1.4M right now. Keep the contracts coming boys!
Nice volume today. Could be starting the next move up. Definitely undervalued for a revenue producing company instead of one of these R&D lottery tickets that only gets stock deals from partnering companies. Can’t wait for the Q’s to silence the hogwash.
I will be in if it makes it to $0.02 but for now I am on the sideline. The problem is that the upside may be limited to like $0.04 or $0.05, which is still 100%. I was interested in how their product could be used in the alcohol industry to expedite distilling. That could be huge. For now they seem to be content with the sales on the reactors across the globe. They need a spark and unfortunately I just don’t see one right now.
I would not count of hearing the names of the buyers. They should have non disclosure agreements in place and they may be for the duration of the contract. Unless the hospital wants to use it for their own PR to sell how secure they are to patients.
I think one can reasonably assume that the other two contracts will be in the same ballpark. So that would be $72,000 revenue per month or $864,000 for the year (assuming they can maintain the signed contract for the duration). I would have to think that that would almost allow them to break even for the year. So any additional contracts above and beyond these three would really be the powder to lite the keg!
So let me see if I understand this...Rossi can put whatever numbers and notes he sees as right. He files that with the SEC who does not evaluate the correctness of the numbers and notes. Then if a disgruntled shareholder sues Rossi for misleading or incorrect financial reports, what happens? Something does not sound right there. Could Rossi maybe trying to be cautious so as not to open himself up for liability? Hmmm.
All we need is one well known artist to be pissed off at their current record label and then to jump ship at the end of their contract. With EEGI they would own the label instead of working for “the man”.
Patience will pay dividends here. Upside is many times the downside.
Pump is primed here. Liftoff any day now.
The week of the Q’s? Hope so!
Yes definitely some progress, but earlier this year I was thinking that the rebranding would occur around the SEMA show timeframe. I was also hoping that the latest shipments would say Worksport. The only thing I see rebranded so far is in Rossi’s Twitter pics, but I suppose that makes sense if the paperwork is still in progress. Also the latest product is only to fill Canadian orders. We have yet to reopen in the US market. I suspect that that cannot happen until Worksport is out there. I was also hoping to see a new website by now but if he plans to only sell to distributors then we don’t really need that either. I’m disappointed but holding for now.
The key message is that there are three (3) contracts and not just one. $600,000 annual revenues is huge for a start-up! If they can do this a couple more times it will fly.
Unfortunately I don’t believe we can get current this year. He might get a Q out in 2017, but I would bet against current. Looks like Worksport rebranding won’t happen until April or later. He can meet Canadian sales but won’t start US sales until after rebrand. So let’s assume he turns those containers maybe 4 times over the next year. That only equates to about $0.4M if my estimates were right. Oh well maybe 2019 will be our year. Tax write off time or double down after New Years???