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USAF new ticker if available imo.
I totally agree with you about USA Fashion. Good call on that. I hope it happens.
It'd be a great brand name, easy to remember and good feeling with their typical customers.
I think you're right. It would require more revenue in the 4th quarter than in the 3rd or 2nd, but I see signs that mask sales were likely higher during November in the runup to Thanksgiving travel, and leggings sales always bump up in December for the holidays, so I think Q4 sales will see a nice bump up and $5m for the year is very achievable.
After that, usually Q1 is down as holiday sales aren't there, but 2020's Q1 was so low that it should be an easy hurdle to clear on the year-to-year comparison, to keep things going.
Nice uptrend forming on the brav chart.
Bottom rising at about .0003 per day.
At that rate, in another week, .0060 will be the cheapest you can get.
MDIN perking up today. Any news?
I wanted to get a sense of revenue and expense trends, including per share numbers. The annual reports just show totals for one year each, so I made my own table, pulling numbers from https://www.bravada.com/disclosures/. The numbers below for 2020 are the 9 month numbers multiplied by 4/3 (to annualize them). The actual numbers could end up higher considering Q1 was much lower than Q2 and Q3.
2017 full yr 2018 full yr 2019 full yr 2020 annualized (4/3 of 9mo)
Revenues $983,959 $2,691,822 $2,699,744 $4,327,657
Rev aft returns $919,935 $2,637,608 $2,654,760 $4,269,173
Gross Profit $431,955 $1,132,765 $1,077,744 $1,822,524
Total Expense $526,803 $886,107 $1,071,500 $1,041,566
Net Ordnry Income -$94,848 $246,658 $6,244 $780,958
Net Income -$98,779 $250,149 $59,162 $792,564
Equity $330,087 $580,236 $639,398 $1,431,965
PER SHARE
Rev aft returns/sh $0.0013 $0.0037 $0.0038 $0.0061
Net Income/share -$0.0001 $0.0004 $0.0001 $0.0011
Equity/sh (bookval) $0.0005 $0.0008 $0.0009 $0.0020
So, any guesses on what caused Friday's drop?
Those accountants would not probably play with the share structure and sales like they were asked and that is why the accountants fled the scene.
say bye bye to the 1.7M at .0043
Usually companies will start with a quiet launch of a new site, and work out some kinks in the site before announcing it formally.
Hmm. I have a dog. Maybe I'll try to order something. I was pleased with the experience of ordering masks a few months ago.
BRAV is tradable on E*TRADE! They lifted ban
No it doesn't.
https://worldofpets.com/
It's more likely that they're thin Profit margin Meant he didn't want to spend money On something that at the time he didn't have to do
It was dark so long because they went through 3 bad accountants before finding one who could clean up the mess. He probably cost a little more but the boost from mask sales more than covered that.
https://www.bravada.com/faq/
Try Fidelity. No restrictions on buying, and no commissions.
On the FAQ on their site, they say:
"BRAVADA releases financials 4 times per year, 45 days after the close of a quarter and an annual report that is due 90 days after the close of its fiscal year (December 31)."
So that would mean we should expect the Quarterly results on Valentines Day, and the annual report in late March.
How long has this "charities" page been up on their website?
They're giving over $100 per month each to 8 different charities which should very much appeal to average Americans:
https://www.bravada.com/charities/
Combine this with the USA Fashion branding, and BRAV could generate a lot of good will and passionate US customers. Hoping they'll push the USA Fashion branding and even change the company name, as others have mentioned.
I think now he has enough cash flow from the mask sales to be able to hire better people for the accounting, and he clearly has more competent help than before based on the recently filed reports. Based on that I believe they'll file them on time.
Yes, looks like the recent uptrend fits with your timeline, too.
The last 10 days it's gone up about .0001 every other day, steadily.
If it keeps that up, it'll clear .004 the first week of Feb, and once it clears that hurdle, it could run.
Vaccines normally take 3-5 years for other reasons.
This vaccine took 9 months to get through clinical trials to approvals.
Yes, that's fast, but not crazy when you consider:
1) They had lots of test subjects. Recruiting 1000s of volunteers for phase 1, 2 and 3 clinical trials was easy and quick, compared to most vaccines which take a long time to get enough people enrolled in trials.
2) Lots of government funding support for the trials
3) FDA bumps to the front of the line for review.
So, yes, it was fast, but not due to cutting corners on collecting data.
You're kind of right about the long-term health effects data. That's why it's emergency use authorization. Still, they have some data in the 4 to 5 month timeframe, and so far, so good.
Folks, I hope nobody makes investment decisions based on this biowarfare theory. It's been well studied by scientists who can easily tell if a virus is man-made or natural. They've determined that the current pandemic virus is definitely natural, not manmade.
However, mask sales might stay strong through May, given the time it will take to rollout enough quantity of the vaccines.
I have Fidelity, Etrade & TD A.
Fidelity is the only one where I can buy BRAV online.
It's also commission free for BRAV, unlike the other two.
That's too simplistic. Think about it.
Let's say mask use has to get above 80% before Covid starts going down.
Let's say mask use is actually at 50%, and then goes up to 60%.
So, mask use would be increasing, but Covid would still be increasing as well, just not as fast as before.
The numbers are overwhelmingly convincing that in states where mask use is high, Covid rates have gone way down, and where mask use is low, it's increasing.
I agree. That's where my expectation level is as well.
Sorry I won't be selling any to you at these levels.
I already added as much as I could manage for now, at .0025 last week.
So for now I'm watching and waiting but I could jump in to buy more at any time.
Certainly not selling.
Revenues have dropped compared to previous year's quarters, for several quarters now. The only sign of a possible turnaround is a recent significant surge in website traffic, but that is no gaurantee of increased revenue. In the absence of evidence of increased sales, the price and volume are stagnating. Volume will probably pick up when quarterly results are due.
All this gloom and doom is in contrast to their largest revenue producer, OnlyLeggings.com, having just broken all its previous records for website traffic in a quarter. They had their highest reach, highest pageviews, and best rank of any quarter in the company's history.
Of course, in recent quarters, their traffic has not converted to revenue as well as in the past, but with such a strong uptick in traffic this quarter, I have to think their revenues at least rose a little compared to Q2, and possibly a lot.
I have no idea what's driving it, but it's unprecedented for this time of year, just coming out of the slowest time of year. Now is when things usually start to pick up, but this surge started 2 months ago, and has been sustained high traffic, with only an occasional down day.
I am hoping it's leading to revenue, but I have no idea whether it actually is.
Some people will think cyan instead of cyanide. Cyan is a nice color.
Look, I'm a supporter of MDIN, too, but let's be real. Scottrade's penny stock policies do not affect or prove one way or the other MDIN's status as chilled.
All evidence and common sense say that the chill is still on, as much as I wish it were off. Anyone continuing to argue that the chill is off will lose credibility in the eyes of many here.
By the way, I sometimes trade penny stocks on Scottrade. They charge a lot extra in commissions for anything under $1 per share, but they do allow most to be traded.
The results for the 30th day of the traffic surge were impressive.
OL's 1-day traffic reach and pageviews were about double their averages from the last couple of weeks, which were already high.
Yesterday's 30-day average rank record for OL: 74,457
Today's new 30-day average rank record for OL: 72,787
Today's 1-day world rank was 43,397.
WOL and VV had good days, too, also getting under the 100k mark for rank for the day.
Yesterday's 30-day average rank record for OL: 75,416
Today's new 30-day average rank record for OL: 74,457
One more day of improving 30-day average expected tomorrow before it levels off.
A couple times I've mentioned the traffic surge that started July 27th, but haven't given any hard numbers. Well, OnlyLeggings just reached a significant milestone here on the 28th day of the "traffic surge".
OnlyLeggings' 1 month (30 day) rank just reached 75,416. By my records, this is their best 1 month rank ever, beating a 77K rank in early December, 2013, and a 80,500 rank from December 2012.
...and it's likely to improve more over the next 2 days, since it's only been 28 days of high traffic, and the one-month rank is a 30 day rank.
Now of course, recent traffic hasn't converted as well into revenue as it did in those 2 Decembers, so I doubt this will mean a big surge in revenue, but it's a step in the right direction. An encouraging sign is that pageviews have been especially high, and that has seemed to correspond more to the revenue fluctuations than "reach" has (# of different people accessing the website).
When someone says "We're looking to" do something by some date, that is NOT a promise or commitment, no matter how much you want to interpret it that way.
That's just someone saying "this is a goal we've set for ourselves", which is VERY different than a commitment.
If the chill had been removed, MDIN would have publicized that fact far and wide, shouting it from the mountaintops. People would have reposted the news 100s of times on this board.
Look back through the history. The last mention we have from MDIN about the chill is Justin saying he'd resume the process of trying to get DTCC to remove it in a few weeks, and that was 2 months ago.
When you call a broker, you probably get a customer support person who doesn't know the chill status of every company out there, and doesn't have easy access to that information. The only reliable source is the DTCC itself, and they don't publish a complete list. They just publish CHANGES to their lists.
Trust me. The chill is still on, and we'll all know it as soon as it gets removed, because mdin will scream it to the world.
I agree. Based on the past, back-to-school hasn't given much of a boost to sales.
However, we have seen this in past years, for leggings:
Cooler weather improves sales.
Halloween improves sales.
Holiday shopping improves sales.
Those things don't start to kick in until late September.
However, this year, for whatever reason, August has shown crazy high traffic on OnlyLeggings, similar to the last 2 Decembers, which is their strongest month each year.
Not sure what to make of it. It started July 27th and hasn't let up.
To make it clear, traffic was down from Q4 to Q1 (normal) and only slightly up from Q1 to Q2, so it's wasn't really increasing traffic in those quarters.
However, revenue drop was proportionally larger than the traffic changes those 2 quarters, so the point is still valid.
Q3 so far has been even with Q2 overall, but that's because July and August have been opposite extremes, with July low (normal) and August very high (not normal). We'll have to see what September brings, and if any of that converts to revenue.
I still believe that for this stock, using adjusted Q to Q is the best approach, until it gets into a more regular cycle. Right now business issues are far outweighing seasonality, making it difficult to reach conclusions based on year-over-year comparisons.
Obviously, revenues were far lower than I expected for Q2. My estimates were wrong. Traffic -to-revenue conversion keeps steadily dropping. Eventually, more of that traffic will convert to revenue, and things will pick up. The question is when.
Over the last 3 weeks, traffic has been skyrocketing on the 3 main sites, especially OnlyLeggings. However, correlation between traffic and revenue has gotten weaker in recent quarters, so we'll have to wait and see how much that boosts revenues in Q3: just a little, or a lot?
Compare to 12 months ago and you'll be 9 months late in interpreting the start of the uptrend.
Coming up with a formula for seasonal adjusment, then comparing to 3 months ago will give you a better sense of exactly when things change for the better.
I'm not going to argue it too much, because I don't mind if a bunch of people are 9 months behind me.
I beg to differ. $500k would be a very positive sign. Why?
I believe that given the change in market conditions and their advertising strategy over the past year, that a year-over-year comparison is not as relevant right now as an ADJUSTED quarter-over-previous-quarter comparison.
$500k for Q2 would be significantly higher than the quarter before it (Q1), and Q2 has been lower than Q1 the past 2 years. Last year it was significantly lower than Q1.
$500k would mark a turning point from several quarters of seasonally-adjusted falling revenues to the beginning of rising revenues.