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It’s only 97 million ….
If all the offering (units) get filled, and all the warrants are exercised. If both those are filled and maxed out, then it adds 80 million O/S to the existing 17 million = total of 97 million.
The trade-off is that it brings in an estimated $16 million in funding for the company.
Yep, 3,000% is indeed awesome
Imagine doing one more 3,000% increase. Another 30x.
30x multiplied by $291,000 = $8.73 million in revenue per quarter.
And that equals $35 million in revenue per year (annual).
They bring that in, then we certainly are trading in a few dollars per share. So yeah, maybe something like that by 2026. They’re already showing proof of concept. I’m giving them that time they need to scale their business and bring in lots more revenue in the future.
Amen
It shocked me actually, lol.
Last time you were this bullish ….
We ran to $0.70
Yep, 3,000% growth in revenue
Maybe share price will grow 3,000% as well
We’re entering golden cross time.
We don’t know either way ….
They may get audited again, or not.
Again, time will tell.
All i know is that the market cap here is currently $1.4 million right now for a company who did $87 million official (audited) revenue in 2021, states they did $40 million last quarter, and has almost $100 million in total assets on the balance sheet (and when it was audited, same on the assets total value).
My guess is it depends
On if they become audited again or not. Investors are going to want to know if that $40 million revenue they made last quarter, and the $100+ million of revenue they made in 2022, was that officially audited revenue? Time will tell. No one knows for sure yet on that, from an outside the company perspective.
It’s actually $16 million in funding brought in
And not $17 million, if all gets filled, based on what the document says.
https://postimg.cc/Jy7q2LHB
If everyone exercises their warrants ….
That’s another 32 million shares added to the O/S, on top of the 48 million added, to the existing 17 million, to total (and cap) at 97 million shares if everything gets filled and exercised in this offer.
But in terms of funding:
They’d be bringing in $9.6 million in funding for the 48 million shares (at an average of $0.20 per share, from units at $0.60 average, as each unit is 3 shares).
And they would be bringing in another $8 million in funding from the 32 million shares added (if all warrants are exercised), since those are purchased at exactly $0.25 per share as an option to the ones investing in this offering. $0.25 per share * 32 million shares = another $8 million in funding.
Total funding being brought in is $17.6 million for the 80 million total shares (48 mil + 32 mil) being added to the existing O/S.
End result: 97 million total O/S (after 80 million shares added), and the company gets over $17 million total funding to help grow and expand.
They obviously aspire to be a $500 million (annual) company one day. It’s why they went public. They were doing $87 million audited revenue (year 2021 audited) as a private company. They went public to aspire to scale their business to several hundred million revenue per year. The trade-off is a higher O/S for shareholders, but 90+ million total O/S is still very small overall for a company who is attempting to grow and bring in $500 million in revenue (per year) down the road. They brought in $40 million last quarter, and we know Q3 and Q4 are even better than Q2 in the trucking industry.
Each unit is 3 shares ….
And they are offering 16 million units for $0.45 - $0.75 per unit.
Let’s say they average getting $0.60 per unit, and all 16 million units are filled (which is 48 million shares added to the O/S, since it’s 3 shares per unit).
16 million units (at $0.60 average per unit), brings in $9.6 million funding for the company.
Yes, 48 million shares gets added to the O/S, to bring it up to 65 million shares, but that’s still one of the lowest O/S you’ll still ever see in the OTC, and they end up with $9.6 million in funding, which goes on their books as added in basically the same value as added cash or net income in value, for them to do what they need to do to grow and expand more.
If you’re raising $10 million dollars, this is about the best way to do it in the OTC. Much better than dumping diluted shares in to the bid and crashing the price.
LOL ….
Maybe we can then get 0.002 of a share as a dividend for that.
Maybe they want to reduce it down to only 1,700 shares.
That’s basically what it would be down to, if they did a reverse split, lol.
Where are you seeing that at?
Do you have an exact page # ???
I’m looking at long-term debt on page 37.
Thanks.
They are growing quite a bit ….
Doesn’t shock me if expenses are going to be much higher than normal in the short-term.
Expansion always tends to pay off more in the long-run than immediately. Just ask Amazon about that through the years in which they would show a loss on their financials while expanding a ton at the same time.
Once “audited” financials arrive ….
If they only trade at 1x revenue:
$100 million / 17.2 million shares
That is just shy of $6.00 per share.
That category is vague ….
And yes, it can include operating costs for the newly acquired companies, buildings, and assets they’ve taken over.
General and Administrative costs:
Was only 21.3% of total revenue in Q1.
Was 43.6% of total revenue in Q2.
That category is not always going to be 43% each Quarter, as they had a bunch of one time expenses that occurred in Q2 that should not occur every Quarter.
They’ve already said Q3 and Q4 are their biggest Quarters of the year in total revenue. Even if they can keep General and Administrative costs down at 30% of total revenue (let alone 21%), then they will be very profitable going forward.
Gross Profit Margin = 40% profitable
$18.6 million gross profit from $47+ million revenue over the past 6 months.
$18.6 / $47 = 40% gross profit margin
Net Loss ended up being a loss of $1.8 million overall, due to expansion / acquiring other companies, etc.
More like bear-shit instead, lol
You misspelled “NOD”
I see you nodding your head up and down.
Their Facebook site is awesome.
Anyone who does DD on their Facebook site, especially Tim Evans personal Facebook site, can see just how huge this company is, and how much they are expanding so rapidly.
You guys have a great weekend.
Big things are coming here soon.
$2.00+ i believe now ….
With news of IDE submission, I think it flies to $1.50+ at first, before a pullback and then another leg up to $2.00+ soon after that, in anticipation of approval news.
You misspelled poop
Huggz is definitely loading this stock.
He’s had a crush for this stock since the days of Minsky presenting him with a Medal of Honor.
You were right about that prediction to $0.05+
I am going to go ahead and give you credit on that one. Nice one.
$5.00 within the next 6 to 8 months.
Correct ….
It would need to get off the OTC and be uplisted to the Nasdaq, before we could ever see $10.00+ per share.
It’s not about “who” posted it.
It’s about the calculated valuation (the math).
The math checks out, in terms of computing valuations for a projected market cap value.
Nearly everyone on here a few months ago were predicting anywhere from $5.00 - $39.00 per share originally.
Based on nearly $100 million in revenue.
Only 17.2 million outstanding shares
$100 million in assets
includes over 2 million in square feet of warehousing.
And also because of the valuation post from stervc in which he backed it up with mathematical science and research links.
Nothing has changed in the long term valuation ….
The fact they had to become non-registered and do unaudited financials for now was a small blip on the timeline, but only set us back 2 or 3 months in the long haul.
It’s very realistic here before Thanksgiving we could see the PPS still hit $10.00+
It all comes down to being registered again and then releasing the audited financials we’ve been waiting for.
If we see in the audited financials that Tradition did anywhere near $100 million, or even better than the $87 million they did in 2021, then the chase is on. And the share price should skyrocket.
$100 million revenue / 17 million shares
= $6.00 per share
That’s only a valuation at 1x revenue.
If the profitability for 2022 was even better than 2021, then we could see a market cap of 2x revenue ….
$100 million x 2 = $200 million.
$200 million / 17 million shares
= $12.00 per share.
I think we can see $5.00 - $12.00 per share if we get the audited results we’ve been craving for.
$25.00 as you stated needs even higher profitability, and another nice acquisition like another Karr Transportation to add to Tradition’s impressive catalog of what they already own.
Exactly ….
Carnes is already very successful financially. He didn’t spend this much time and effort here for 2+ years just to make a quick $100,000 or so.
And it makes no sense when the company (Tradition) did nearly $90 million in “audited” revenue in 2021.
Yeah, and eventually ….
Anything under a dollar will be a steal as well.
They are simply for control (voting rights)
Anyways, it would be pretty much impossible to convert all of those at once.
Are you stating if the stock gets uplisted to the Nasdaq, and is at $4.00, that there would be a large enough sell-off that it would drop the price 98% down to $0.10 ???
I agree ….
And I don’t think Carnes will convert any until the PPS is at least $4.00+, when they’re on the Nasdaq like you mentioned.
SEC registered by end of next week?
Including “audited” financials released by Friday of next week?
It’s amazing
That was faster than Usain Bolt
Thanks.