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I did the same thing, bought first 310k @.023, almost bailed in January, wondering if it was a shell company, but started getting a hold of them and then kept adding as I made profits off other stocks...so blessed to have found this...
For the first two qtr.s of 20’, profit before SG&A was almost 2.1 million...after SG&A, 572k loss... Or on pace for a 1.1 million net loss on 20 million revenue, note that their net losses are decreasing from 2019 so they are displaying improvement. I believe they are in a very strong position if they maintain improvement pace coupled with revenue increase.
Sorry, didn’t have time to get to this earlier but wanted to address it, I think it is worth discussing. In principle and heart, I agree with you, however, I don’t expect a profit for a year. They will continue bringing in revenue turning cash and growing, it’s hard to be profitable when you’re growing, Tesla, in my opinion, has yet to show a net profit from operations after 18 years and look at what that company stock is doing. I know life isn’t fair, and likewise, stock prices are not fair, there are simply some red-headed step-childs on the market who outperform others with ridiculously more valuation.
Point is, no one should be heavily disappointed or expect profit to affect share price at this point in the game. Ultimately we are dealing with economies of scale, they have the overhead it takes to run several combined companies, push PR, legal fees for auditing and up listing... Simply put, the cost of growing and expanding. Until revenues jump to between 40 and 100,000,000, the weight of overhead is going to be too high to show profits. That is why the CEO points towards gross profit margin of operations, he knows he has to get sales higher and overhead down before net profits will occur.
There is a balance there however, they should not be burning through millions of dollars of cash just to keep operations afloat... that will be a problem as well, I will be watching that situation with you
Endless .114’s
Ha...I check that daily ;)....only 62 million at DTC, total float is 138 million, authorized, 250 million. They are doing very well at maintaining a tight share structure. Intent on building value.
https://www.otcmarkets.com/stock/SIRC/profile
Plus it’s above on the message board.
I agree the revenue spout solidified the floor today!
Didn’t get the pop today that everyone thought it was going to....because nothing has changed. On a positive note, I was concerned about them not bragging on revenue yet...looks like it is maintained. Now, we need audit completion, on-time financial reporting, and up-list timeline...these will put it out of the teens for good. Albeit, it should already be at .20-.30 in my opinion. Finally, who knows what it does upon up-listing...
Good to see confirmation of a $20 million run rate...wish they would get audit completed, hope they report 3rd qtr. without filing for an extension!
Pardon my novice level...what does Puma showing up as a MM mean?
If this thing pops off an audit completion and/or uplisting, I’ll be surprised if it doesn’t land between .25 and .35...that is still only 2x 2020 revenue. Guess it still depends on how known it is. I just think the IR firm will go into overdrive...
The more I research, and try to find another company even close to this value, the more I agree...If they can hit 90 million in revenue within the next two years along with successful audit/up-list, five dollar share price will only put them at 650 million market cap....Going back to the IDEX comparison of 16 million in revenue and 1 billion market cap. I just can’t find anything close in value.
Mercutos, Awesome tip, greatly appreciated, I already checked out one of his recent picks...RSCF, it blew up from where SIRC is to 2.78 just in the last week. It is only a $12 million market cap with 100 million shares structure and $1 million in revenue. Makes me think letting this company go at a dollar is probably too early by a fair margin.
Nice find, enjoyed the discussion, hadn’t considered the commercial applications of the EV charging when the blink announcement came out, was more considering residential.
Anyone have any other companies, while I don’t expect them to be in such a phenomenal position as this one, perhaps are 2 to 3 years from blooming as SIRC is about to?
Once solar integrated breaks a dollar, I will be interested in putting 10 or 20% in a couple other prospects. Maybe I’m spoiled here, but I haven’t found any yet.
Nice Televet...That makes you the largest shareholder on dollar board!
I keep getting passed, but am now at 1.479
Probably more, but the robins can’t touch this unless it hits the NASDAQ can they? I don’t know if they can trade QB or QX.
Want to get into a company with double Taug’s market cap, but literally 100x the revenue? SIRC...for the longs, not the traders.
I did, within an hour...I was told the qtr. report would be on time. Still not sure what is holding up the audit.
Wow, impressed this is creeping back towards .10 instead of drifting towards .07 on no news. Great sign!!
Yeah...I was referring to the standard site, not level 2—I always have to go to my broker sight if I want an accurate bid/ask to the minute.
I-hub is always 10-15 minutes behind.
Couldn’t take it anymore...messaged Massey for an update.
Spot on...unless something gets published tomorrow...
I agree with havasu...weak-kneed traders will continue to sell until more news. The question remains, at what point do they file audit with OTC, and what was revenue for qtr. ending Nov. 30, and....who knows what the timeline will be... I read recently is easy to tell when a stock will go up or down, nearly impossible to predict when.
I agree with havasu...weak-kneed traders will continue to sell until more news. The question remains, at what point do they file audit with OTC, and what was revenue for qtr. ending Nov. 30, and....who knows what the timeline will be... I read recently is easy to tell when a stock will go up or down, nearly impossible to predict when.
Over 50% of float has traded volume-wise in 7 days. Slowing waaay down, price stable and higher...
Shaky knees/traders selling and buying the bump. People loading off those getting shaky, wish I had more cash...
I would expect announcement by next Friday...one thing you will get used to with SIRC, quick to brag, slower to prove...ultimately, usually end up proving it and fundamentals haven’t changed, relax.
S-1’s are for initial offerings are they not? The company is already public.
Yep...Fundamentals haven’t changed, the only thing bringing the stock down is failure to execute audit and up list, if they don’t fail at those two things there’s no reason it won’t triple or quadruple from current price without an irrational spike. Truly, If they become fully audited and are exceeding 40 million revenue, 100+ million market cap should be baseline.
“Markets will usually pass through one of the more trusted sources like NITE, ATDF, ETRF, and ARCA. Seeing a level 2 screen which only has these on it is what’s referred to as a “Clean Level 2” – one with no dirty hands on it. Typically, these four are there to do what markets makers are supposed to do which is simply fill buy & sell orders without attempting to manipulate the behaviour pattern of a particular stock”
I can’t see level 2, how many MM’s and who?
That’s what we need...2-sided announcements.
Sorry, can’t get over this...SIRC, 20+ million revenue, 10 million market cap.
IDEX, 16 million revenue, 500 million market cap. Almost assuredly has more than 10 million debt as well.
I don’t see this moving the needle much, need audit completion and up list, then articles like this will greatly increase exposure of the equity. BUT, I know I’m preaching to the choir, but IDEX, in the NASDAQ, sitting at a 500 million market cap with 16 million in revenue and a dollar per share loss, solar integrated roofing is stronger in revenue stronger and earnings per share with a 10 million market cap.
10% spread, thinking MM going to have to let this run soon.
Westener, audited financials are what we are all waiting for and a part of the up-list process. Expecting 3-8 weeks for both to be announced, along with the next qtr.results. Audit should be complete this week.
Yes, from what I understand QB is the first move.
Personally, I would love for it to be an early Christmas present, however, I will not be holding my breath for any less than 60 days.
Side note, I never heard of Market Makers until engaging with the team on this board, starting to understand that market dynamic a lot more. Interesting and powerful to know what we are up against. Will have to learn to think like a MM!
Classes won’t touch what you can learn from a host of others on boards or Seeking Alpha, or internet in general combined with simply watching and learning companies and markets. I am used to 15-20 PE ratios, so I can hardly stomach most of the market right now, but there are still bargains out there. As Mr. Muse stated, look at company details in regards to financials and operations. Don’t invest in sectors or vehicles you don’t understand, every sector has a curvy road or background you only learn by watching it...sometimes for years. What I have found is a strong ratio of revenue to market cap is always a strong indicator of value if not offset by gross debt.
Very nice, thanks for the response. I am quietly hoping I can get to 6-figures before the bubble pop, then diversify into some rentals with 30%. I believe I would have to quit my job first to have the time to manage. I am surprised every month that new home sales/starts continue to rise...I feel like any drop in the economy will tank real estate by 30%.
Nice, residential or commercial? Do you see another bubble forming?