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One thing is sure, this time the stock is preparing to go higher..
This is the first time that we had so many days with "buying" volume !
Also the volume is much higher than the last 6 months!
All great buying signs, maybe a news report could trigger this flying up quickly, maybe without based on technical analyses !
Thank you for sharing that information.
You are faster than the company itself :)
Another proof that it is a real company with real contracts and revenue !
It is about ABCE here
The stock price has created a great bottom the last months....
Volume is much higher because ABCO Energy catched up the reports :
1) Full 2019 report ( so with Q4 )
2) Q1 2020
3) Q2 2020
Why they had a delay, they changed of accounting firm, but that firm didn't do nothing..
Finally the company had to go to another accounting firm. The actual one, the one that delivers
Next report coming up is "at least" Q3 2020 ( but Q3 just ended 31 september ), so they have some time
Spikes in volume recent market days because the stock is "Pink Current" ! ( and no warning of not reporting )
But what do you expect with the covid-19 crisis being added.
Many companies have the same problem...
Great news it became Pink Current ! Really good start for this year..
AND we had a sooooo high volume, on top of it the highest volume !! Look the volume chart.. This is a big positive for today !
And this should go away soon "Delinquent SEC Reporting".
They are up to date again... next is Q3 2020 but for next month or after... Yeah !
A really good Q2 2020 report !! It is better than expected !
The net imcome loss from operations is higher, but that is in the full "covid-19"-period. This is normal.
But what is more important are 2 things :
* They reduced interest on notes payable by more than half !
* They got "Change in Derivative Gain" which is really high
Because of those really good things the net income was only -18K instead of -350K or more !!! This is much better than I thought..
So Q3 2020 will be better and this "real" company is really have better future and results will proof it !
But it went up from 1 / 2 to 5 / 6...
That is not true.. It is still on the support/resistance of 3 / 4.
Waiting for more news. the report of Q2 2020 or other news.
The range of bottom/top is still 3 / 4, with the recent moves it has been shown that the bottom 4/5 is not confirmed !
This is normal with the recent global cool off in stock markets !
Soon more news out for Q2 2020, maybe other news and later on Q3 2020
Yes it is true.. the chart looks better and better, slight higher bottoms..
While ago it was 1/2, then 2/3 and now it is 3/4... now trying a bit higher again... but we need to have the last missing report Q2 2020
Here another chart from someone else, it says that the down trend is over, so at least stabilizing, with news the trend will become up !!
Look the chart :
https://twitter.com/i/web/status/1307509413914140674
That is old news... we saw that already going up since previous months, but 2 months no dilution anymore..
Now there is a new report out but not the one we expect yet....
ABCE: ABCO Energy, Inc. SEC Filing - Amended Annual Report (10-K/A) September 16, 2020
Small modifications they did I suppose.. that is why stock was up yesterday They knew something was filed...
Up to Q2 2020 report ;) or other news...
Indeed the actually bottom maybe went up a little from 3/4 to 4/5
But we need news like the report and more news of company
Indeed the actually bottom maybe went up a little from 3/4 to 4/5
But we need news like the report and more news of company
Big buying volume.... often it means tomorrow some news out...
Q2 2020 report ? or other news ?
So 138,4 million at bid of 3 and only 24,4 million at ask of 4! This could easily go up.. not today ( end of the week ), probably monday, within seconds if report out or other news
It will come soon.. the Q2 2020 report !
It will go up for sure... how long ? no idea ;) but maybe higher than before, before it was traded at 1/2, now it is 3/4 which is great.. but of course helps just for the upside IF the news follows...
If their deliquent reporting goes away, even better, back to business...
So now it is between 3 and 4, with bid 10 times higher than ask...
We very good bottom here till news out !
It seems that now the bottom is 4 indeed.... good we went up and another bottom..
Technical analysis says with higher bottom more demand than selling...
Great news !! Really good !!
Sorry but this is not correct....
It is Pink Limited that is correct !
BUT still : "Delinquent SEC Reporting"
They need to post first Q2 2020 report, this will be very soon, in a week I guess, they took 2 weeks time for Q1 2020
This is true.. because he didn't speak about the rest of the report...
Gross profit lower ( -50% ), because revenue went down to half !
BUT net loss from "operations" is not big down, small down !
The net loss is even "much better" than compared with the Q1 2019 !!!
PS : Do not forget COVID-19 started in China, their suppliers !
This means the costs will be under control and on top of it, they pay for something they will earn at the end ! So great long term view !
This is very good news... they don't need it anymore! That is another positive sign !
I see that the volume at bid gets higher and higher... good sign !
And proof of being a real company with pro active managers !! Really good what they did !!!
I quote :
"As noted in previous paragraphs discussing market conditions, ABCO could not finish its backlog of work and expand into the markets of LED lights and commercial solar markets without maintaining staff, facilities and sales expenses. When sales revenues fall, and expenses are not reduced in equal amounts or percentages, the result is an increase of the percentage of operating expenses to sales revenue. Operating expenses for the two periods increased to accommodate our expansion of sales programs, but not in the same ratio as the increase in sales. ABCO chose to maintain a level of expenses that would not cripple the Company’s future."
Here is the proof many said about those special loans :
1) On May 3, 2020, Company entered into a promissory note evidencing an unsecured loan in the amount of $124,099.00 made to the Company under the Paycheck Protection Program (the “Loan”). The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), and is administered by the U.S. Small Business Administration. The Loan to the Company is being made through Bank of America, N.A., a national banking association (the “Lender”). The interest rate on the Loan will not exceed 1.00%.
2) On June 29, 2020 the Company entered into a Loan Agreement and executed a Note and a Security Agreement for a loan in the amount of $ 150,000 under the SBA’s Economic Injury Disaster Loan Program . The loan bears interest at 3.75% per annum and is payable over a thirty year period with monthly payments of $731. No payments are due for the first twelve months of the loan. The loan is secured by a pledge of all tangible and intangible personal property owned by the Company or hereafter acquired. The proceeds have been used by the Company entirely for working capital purposes.
Only Q2 2020 to come out in reasonable time...
Thereafter Q3 2020
Why you say that ?
Gross profit lower, because revenue went down to half !
BUT net loss from "operations" is not down as much !
The net loss is even much better than compared with the Q1 2019 !!!
PS : Do not forget COVID-19 started in China, their suppliers !
Q1 2020 report is out !!!
https://sec.report/Document/0001185185-20-001273/
News is really out !!! That is why it goes up again...
It is true that the stock price goes up often the day before "a" report is coming out....
So finally it ended at 6 yesterday Way above 4...
Brook the trend upwards, good sign.
News is to come out soon.
Soon the first report should be coming in... Q1 2020
They are catching up their reports, that is great !
Meanwhile stock ends the day between 3 and 4.
So we could go higher than the previous times ( it was 7 ).
This is true... It stays between 3 and 4 to end the day.
The reports will be out soon, then they finally catched up their reports.
Still report Q1 2020 and Q2 2020 to go...
Go read a book about it
Now more action....
Bid: 0.0002x232875294 Ask: 0.0004x52740120
They try to give wrong impression of stock price ! 240 at 2 incredible...
It will stay between 3/4 that is for sure, very low volume at 4 now ?
We could easily breakthrough 4 like this :
Bid: 0.0002x9080000Ask: 0.0004x430175
One buy of a million and crushed already ???
No surprise for us all. They will deliver the reports, a bit late but they will file and catch up for sure...
First soon the Q1 2020.. they changed accounting firm very late...
But we are missing the news for the moment..
At least for Q1 2020 AND Q2 2020, all the rest is bonus :)