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Several:
Revenue generating deals;
Movement on the 10 million dollar suit, hearing set for Oct 3,
And of course getting current.
Huge things in the horizon.
Hi fourcloze,
This is why ABHI is suing PC drivers for breach of contract. That case is moving forward and a hearing is scheduled for Oct. although we may be hearing something before that. This company is full of potential and it's just a matter of time.
YES!! he did state his intention to own 100% within 3 years. HUGE!!
Exactly! just look at everything that has transpired since the CEO outlined his plan in March. Can't wait to get the AUG 10Q and debt reduction news like many have said before this will be .03-.05 soon! Best deal in pennyland by a mile!! Oh yeah and he stated in that interview his desire to uplist to a big board, LoveAndLight had a great post recently that outlined exactly how that is very likely here.
Outstanding 8K thanks for posting L&L!!
Have to take a look at this one, looks ready to go.
Folks this is just the beginning
A great day here another alliance made another huge step towards revenues, and it won't be long now. Congrats to all the faithful longs who have held out, its been a long road.
Acquired the whole pie. Mmmmm pie
Pre big red acquisition assets were 20 million per the CEO
After acquisition approx 30 million
Debt currently at 29. Doesn't include preferred shares plan
Great point!! The company just turned a huge corner and is now profitable and has more in assets than debt. The market won't know until the latest 10q comes out in August.
Good to hear from you!! Yes imo at least a penny here soon.
This is just the appetizer my friend. The main course has yet to be served.
BTGI currently has 118 trucks and 165 trailers.
Currently approximately 30 million in assets
Projected 30 million in revenues 2017 (pre big red)
40 million in revs post big red.
Pre- preferred shares debt 29 million (with the big red acquisition the company now has more assets then debt thus officially making BTGI profitable)
Once the preferred shares kick in the debt goes even lower and the remainder of the financing is low interest bank financing thus increasing the margins.
Way undervalued here folks. The market will catch up.
Post of the day LoveAndLight. For anyone with any questions there it is. A very realistic and very possible voyage to dollar land. I agree 100%. Thanks L & L
Great post!! Yes otc land tends to attract some interesting folks, but the reality here is it's just a matter of time and a very short time. Within a month we will receive debt reduction news not to mention a grand slam 10Q. This will attract high net worth investors including institutional investors. Then we will be looking at a company that is making approx 20 million cash positive a year at least!! lol try to find a company in otc land that generates 40 million and only has 20 million in debt. After debt reduction the majority of that debt will be legitimate bank financing thus reducing the interest rate and increasing the profit margin. Forget the day to day nonsense of folks with agendas. hold for a couple months to a year and reap a huge reward.
Moving forward: within a month expect to see a deal with the preferred shares to massively reduce the current debt, In fact Peoples Bank must have already been fully briefed on those plans as evidenced by their funding the lastest acqusitions. Also very strong 10Q, the strongest yet for the company, this should result in new anaylst coverage, and institutional investors coming in. With these things in motion the PPS will rise to new highs and then the CEO will uplist just like he outlined in his interview. In short the debt should be down to about 20 or so million, and profits expected to be over 40 million. These prices wont last long get in while you can.
Yes LoveAndLight speaks the truth!! This is gonna be a game changer for some but not all.
Great point!!
Fy16- 18 million in revenue
Fy17- 30 million in revenue
Fy18- 40 million in revenue
Can you see a pattern
Hi Jkitty,
Yes there was a fear induced typical otc sell the news Friday dump. However we have more buys then sells and one thing most chartist don't factor in is all the companies fundamentals. BTGI is way undervalued here. Does anyone really think a company that has 40 million in revenues will be under .02 a year from now, the current 52 high? We may play some OTC games here but imo we are going up slow and steady and in one month we shall see new 52 week highs.
Those "factors" are made up of typical OTC pennyland fear and disbelief that a company here is going to generate over 40 million next year. But that is the reality here and the shareprice will increase slow and steady. Another huge factor will be the next 10Q released around 8-15, plus confirmation in the debt reduction. All these things occurring within a month will send this stock to its proper evaluation and out of the reach of OTC flippers and fear mongerers.
Yes it is!! Thanks for posting. BTGI is a long term investment not for daytraders.
They are accumulating. It's gonna blow past 8 today
Exactly!! Huge news. "Well over 40 million" next year.
Lol. .013
Good point considering the level of expansion we are seeing lately: the buying of 35 new trailers, the big red acquisition and increasing the stake in global frozen trucking. Another very telling point is the latest financing through people's bank. BTGI has made the difficult switch from toxic to nontoxic financing. Not many otc companies ever get the chance to do that. Look for more traditional financings moving forward. Obviously the banks like what they see.
Yes very exciting time to be getting into this company! Announcement of the Big Red deal finalized this week, Aug release of quarterly numbers, expected to be better than last quarter, and announcement of debt consolidation, which could come at any time and will send this to new highs. alot to look forward to here.
Yes I think we all are currently losing in this one, but it's only a loss if we sell and I usually measure that after holding for a year. About dilution after talking with several folks I believe it was a former insider selling a huge chunk that brought us down here. This one is gonna take some time but looking at how Alain and Kevin are proceeding, recent litigation and letters, it's just a matter of time. The next court date is in Oct I believe, if we make it to that without a deal it will begin to pick up some speed from there.
Glad to hear your doing well keep the faith my friend.
Good my friend I'm hanging out over at another play right now. But I'm gonna take my gains from there and quadruple down over here soon. The lawsuit is progressing and I believe we will see some movement soon there. Also Alain has recently said they are Hoping to close a couple deals soon. How are you it's good to hear from ya.
I did when he refers to no dillution hes talking about the debt reduction with the preferred shares, he never says no dillution when it comes to an acqusition.
As for credibility the CEO is literally taking each step he said he was going to in his interview in march.
Hilarious lets just take a look at the last few months:
BTGI- sold its tech ordinance unit for over 10 million and reported record revenues for the quarter above and beyond that sale.
BTGI- dissolved two other units consolidating and focusing on the core business. Huge savings
BTGI- announces huge acquisition of big red trucking adding about 12 million a year to profits.
BTGI- due to an increase in customers adds 35 more trailers increasing profits and using non toxic funding which speaks volumes on the financial health of the company.
Now the dilution, he's raising a small amount to fund the acqusition that will bring in 12 million plus, 30-40 million shares dilluted for a 12 million a year payday no brainer. With a ridiculously low float hovering around 350 million this is a steal at these prices. Now factor in the debt consolidation he specifically outlined in detail in his interview in march, this is going to explode within the next few weeks.
Just want to say I agree with LoveAndLight and think .03-.05 after Aug numbers. After debt consolidation the gloves come off it could go dollarville after that.
Just received confirmation from the CEO that the float is only about 350 million. Hilariously low float for this thing. That's why it moves so fast.
Thanks for the info LoveAndLight you are 100% correct.
The bad: yes it's dillution just about every otc player does it.
The good: 1. they are doing it to fund the acquisition where most otc land stocks do it to survive.
2. This means the acquisition is going through.
3. T trades are usually the sign that the dilution is either over or close to it.
The fact is it's a small bump and this will continue its climb north once it's announced. I would rather have them dilute before the announcement rather than during the run after. IMO
BTGI
Q2- 2016
Revenues- $4,987,243
compared to 2015- $486,286
First six months of 2016- $5,400,512
Q2- 2017
Revenues- $6,259,160
First six months of 2017- $12,646,404
Those numbers don't count the big red acquisition or the additional trailers at roughly $17,000 month per truck in additional revenues. (Per the trucking association as of 2012)
Look at the accumulation line on your chart. Pointed way up today. High as its been in a while excluding that pop off the rev news.
Lets recap the last month and a half:
BTGI- sold its tech ordinance unit for over 10 million and reported record revenues for the quarter above and beyond that sale.
BTGI- dissolved two other units consolidating and focusing on the core business. Huge savings
BTGI- announces huge acquisition of big red trucking adding about 12 million a year to profits.
BTGI- due to an increase in customers adds 35 more trailers increasing profits and using non toxic funding which speaks volumes on the financial health of the company.
Upcoming: debt reduction via the Prefered shares and closing the big red deal. CEO is doing everything right. .03-.05 near term IMO.
Solid accumulation today, all the mms couldn't keep it down. Just like sharky said volume precedes price tomorrow we should bust through 8.