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Document from Nevada SoS says that GLGT is Turbine Aviation signed by Victor Farias. Apologies for typo
I have seen the document from the Nevada SoS and it clearly says that Global General Technologies is not Turbine Aviation and it is signed by Victor Farias
So does this mean that they registered in Wyoming and are no longer registered in Nevada as per OTCmarkets? I know on the Nevada SoS page they are not active.
A chart will not tell you if something is a scam or not. There are plenty of scams that run and there are plenty of good, legit companies that tank.
There is always more to the story than the chart.
Porky the new Pikachu calling for .03's
I guess its fair to assume you have gone full blown flipper mode. Which is fine, just be honest about your intentions You state that it will hit .03-.04's based on shorts alone. If they could not bring it below .055 the last time they tried it will be very hard to do it now with more shares lock in longs hands.
Everyone acts like stocks don't move in the summer. There will be plenty of stocks that run just like they do any other time of the year. sure there will be low volume days but it doesn't preclude a run from happening for various reasons.
WA Retail sales soon
CBD Oil sales
Store openings
American Smoke Total Vapor mail order program launch
Q2 earnings 8/15
These are just the things we know about.
I understand the Risk/Reward of the OTC, that is why we are all here right. I just like it much better when factual info is passed back and forth instead of baseless pumping/bashing.
We as ihub posters have no impact on the share price. But by providing a place where retail investors can get facts about undervalued companies and discuss the pro's/con's about a stock can help the little guy win once in a while is the stacked game. Too bad there are too many snakes on both sides of the fence
Thank you, this is a real response proving relevant info, not MELY to the MOOON
$1.6 tax carry forward helps a little bit on the bottom line.
Yes, they continue to look but are unable to find. So the question is what will the O/S be when they find it.
Increase in reserve is so the investors can convert, convert=dilute current share holders. They basically said, we increased the A/S because we couldn't get non-dilutive financing
For the 3 months ended 3/31 they had total expenses of 545k
Revs 2M per year/4 250K/Quarter
This means even with 2M in revs they still may not turn a profit, this increases there chance in traditional financing but look at VP$R, did $1M in Q1 with better SS and still needed convertible debt. Now convertible debt is not a bad thing, even the big boy companies use it but it is a concern that a RS can happen.
I just don't know how much it will run before a crossroads happens
I was hoping for a bit more of a discussion on the potential of the stock and the impediments that will prevent it from attaining its potential. I do not like bashing just like i do not like pumping. I like facts that can be used to make a informed gamble
Right now the debate in my opinion is rate of dilution vs. rate of cash flow/profit not sure what will win out.
News is bittersweet, go live June 1st but more dilution in the future. Minimum 3B is what its looking like all said in done. This gives it limited upside valuation wise
.01 = 30M Mkt Cap
.05 = 150 Mkt Cap
.10 = 300 Mkt Cap
Revs say are $10M, pretty lofty, profit margins 20%
10M x 20% = 2M/3B = .00067 x 50PE = .03
5M x 10% = 500k/2.5B = .0002 x 70PE =.014
you get the idea. This has the potential to run, cause to be honest its the OTC must of this valuation crap means nothing here, I know look at FITX .06 and over 3B I know its just how things go. I am more of a mid/long term guy at heart and try to find potential growth companies that are past the development stage. It is like making it to the NFL going from development company to revenue generating successful business. I did find this as a trade and made out well on the initial run. I've come back again as I am interested in the potential of bitcoin and the companies that are trying to get in on the ground floor. I am just not sure of a company based on a volatile digital currency that is raising the O/S and A/S at a increasing rate due to the inability to get traditional financing. Until they can show some sort of earning potential and ability to generate cash flows it will be difficult to get non-dilutive financing.
What am I not seeing, why will this run, just on pure mo-mo?
A/S is 7.5B and O/S is at least 1,007,441,454 most likely more as that was as of a week ago.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10004164
https://www.nvsilverflume.gov/businessSearch
This does not mean it is a good/bad investment just simply the facts. They also raised the A/S to allow themselves to dilute and cover the convertible debt and preferred shares
with 1B outstanding could .05 pps be achieved, sure that would be a $50M market cap, but it seems this may top out in the 5B range is they cannot generate enough revenue to sustain their growth otherwise i see them relying in convertibles until they are generating steady cash flows. Then they R/S to clean up the SS.
Looks like they want to drop it, ask just started stacking, hopefully they start to cover.
That was as of 3/31, look at bottom page 1
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
As of May 2, 2014, there were 1,007,441,454 shares of the registrant ’ s $0.00001 par value common stock issued and outstanding.
The price will not go up because there are conversions. If those people want out they will sell and drive the price down if there is not buying support to overtake the downward pressure of 25M shares
O/S is over 1B, in January if was less than 300M, some would call that dilution.
MELY has sold 800M share since January which equates to $1-$2M in profit. So the company increasing the A/S after selling a crap ton of shares is a concern. So are we saying the company sold $1M in shares to get 10 servers for max $30k so where did the other 700k-1.3M go
Not saying they won't be successful and that the price will not rise from here. But the rapid increase in O/S and 2 increases to the A/S this year is a cause for concern.
Great point, people loaded last week knowing that it was the bottom and sold after the news yesterday for 40-50% gains. Not bad for a weeks trade. Until the volatility stops they will continue to flip. What we want to see is slow growth and not the peaks and valleys that we have been experiencing.
Most on here yelling .20 are the flippers, true longs on this board articulate the direction of the company and its value, they do not throw wild price predictions out. Anyone calling the lows and the highs is a trader
They do not support a RS as much as they are open to different avenues to achieve their goal.
They have done everything right since January and have only been public for less than 6 months. They have aspirations of uplisting to higher exchange. They would not do something that in their opinion would hurt their chance of attaining that goal.
They have done nothing to make me questions their plan. People are only reacting to the share price and not the fundamentals of the company. Once again, they look better now then they did when they were trading above .30 the only change is the share price.
People keep claiming patience and that they are holding long term, but all i see on this board is expectations of the PPS to rocket back to .40 in a week. It is not going to happen, we need a slow rise to Q3 earnings. Things will be fine, only be concerned if the reason you invested has changed.
This stock has been a favorite of day traders and flippers since the sharp decline. It is trading very predictably in a tight range allwoing for 10-20% gains.
Are you saying that they did not make over $1m in Q1 and were profitable in 2013 their first year in operation? How can the company or Dror be a scam if they are making money? Not everyone is successful on their first or second or even third venture. What matters is what he is doing now not his past failures. How many times has Donald Trump failed? He is still considered a success and many would be more than happy to do business with him.
Seems they are diluting, why else are the sells going to ticks below the bid.
I am fine with dilution thus far as they are doing it for specific reasons and not simply to sell shares
No intentions just stating what i am seeing. I have shares that i am holding waiting on news. We know that GLGT is now Turbine Aviation and that Victor Farias is involved. But other than that we know nothing concrete, just speculation.
L2 flipped today with it being heavy on the ask side and little to no bid support and volume is similar to last 2 weeks of trading. Interest seems to have dissipated with many wanting out today. My guess is a lot of people selling today but in much lower and are cashing out to move to the next play as no new news has surfaced.
I think this is still a great risk/reward play but with over 3.5M on the ask and less than 1M on the bid, this is looking like it will drift lower until the interest comes back
no buying volume today, nothing but sells. Need some more interest before we head north. Might break .003 is no interest shows up by tomorrow
L2 not looking good, without support this could crash
Slow and steady, lets grow organically this time around and phase out the flippers. The wide swings has kept this down as it has been a flippers dream. Break out of that pattern and appreciate based on fundamentals.
See you at .20 by Q2 report in 11-12weeks
Looks like the flippers will drive it back down without more bid support. Regardless this has been a positive day after yesterday. Hopefully we start the slow upward move from here.
Slow and steady rise till Q2 earnings is what we want. 5-7% a week until Q2 earnings would be fine by me. Would put us around .14-.15 leading into what is going to be a great report
And further they have a net loss for Q1 of $56M with -6.5M in cash flows from operations. There is still a big value disparity between VPOR and its peers
ECIG has market cap of $600M with $1.8M GP for 2013 and -20M in Net Income. If VPOR keeps growing QvQ there is no reason that they cannot have 300-400M market cap.
RSI on daily and 60min both around 30 and price hugging the lower bollie so yea i think it is way oversold at this point.
L2 not looking good, no bid support
True, but it shows you how fast it can run on very little volume. If news hits this thing can move in 100% increments. Hopefully volume surge today means there is something coming soon.
Didn't see any one post this tweet from Yaniv
https://twitter.com/YanivNahon/status/468953364529942528/photo/1
They sure seem like they are moving product. All we need to do is accumulate and be patient as everything that i have seen has shown that this is a true emerging growth company that is on its way to big things. An uplisting in 2 years would not be far fetched.
What is the rumor
Guidance is never in the filings it is always in the PR
The RM is happening, its just a matter of the SS as there is always a risk of a split. The DD on here has been great, but i also purchased a copy of the original amendment which states GLGT is now Turbine Aviation with a vote of 53.5% and signed by Victor Farias so when i saw that i was pretty confident that the RM was happening as has been stated.
Even so, chart looks good
Your right so if the O/S of over 600M then the float must be as well. At least others are backing up their claim all you are going off of is OTCmarkets which is updated by the company and clearly hasn't since January.
650M is not a bad O/S, but lets be honest and not use old numbers
Then how is the O/S over 600M
It is more like 650M, company has diluted over the past couple months. Someone else pointed out you can recalculate on one of the recent filings.