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At .50 the market cap hits just over 150MM. That will be 1.5x revenue in 12 months. It is still currently 7x yearly revenue historical. But only 6x quarterly revenue projections. But we won’t see those reports for a while.
If it goes down as some are suggesting into the 40s or lower, I’m expecting others to bail without waiting the next 90 days and others will get in big for the coming 6 months recovery and growth.
The big question is where is the bottom and where is the next top?
At 8MM revenue per month, which might be reported after the quiet period, people will jump on anything under .50.
I wonder how many people sold other stuff and hope to see settled cash sooner than later and if the downside will continue or not. I just freed up “some” and next Tuesday we’ll see what price I can get. Anything under .55 looks really good.
And the upside from .55 to even $1 will be nice for anyone with any funds laying around. Scary to think of putting more in. But hard not to at this price.
Now that I am ready, I assume it will go over .75 by Tuesday. Hahaha.
How’s everything going for everyone?
I’m down $66,000 now feeling some of the pain.
This coming week is interesting. It’s after the 15th. Shorts may not care, as they might be shorting and covering. But at some point, if these are really borrowed shares not naked shorts, there will be a squeeze.
Everyone knows that almost everyone is tapped out on buying and the uplisting will be the only thing bringing fresh blood. Once that happens, the pumpers will grab their shares if they can and go full on to let this fly again.
They are trying to shake the trees and it seems to work for many. Or why keep doing it?
They want some of those who got in at .10 to let go.
I haven’t posted in a while. And I looked at the share price once or twice. However far it drops does not really matter. At some point, those who are selling will be buying. When this was at .06 I was expecting a run to .80 and a correction after that. It zoomed passed my estimate and everyone here helped me hold longer.
Now, it is falling and even if it is regular shorting and not naked shorting, people believe it will go down in price. And until they start reporting monthly 8MM per month this is the shorts best time to make up for missing the first entry point at .04-.10 - they will short it but at some point, it will be too close to keep shorting. They just want a little more. Then they will start buying. Hopeful that they get enough shares at a good price to make a 300% run.
.58 seems like a great place to reverse directions, and different players will switch at different times... waiting for that news that starts the 25% growth day one, 80% day 2, and 100% day 3.... and then... who knows... depends on when it happens, the news and sentiment. If they can make a 400% increase the better, then it gets sold and shorted to 50% of that high.
So .58 to $1.60 seems like a dream but it can happen in 4 days from the start of the full reverse. With potential for $2.30 range before a correction. Because we still are not at 12 months historical yearly revenue to support $2.30. But in about 18 months we will be.
If you can stomach the roller coaster, it will be a learning experience. Very few OTC companies will actually succeed in making it past the roller coaster with a higher price. So many fall away. But even those get hyped occasionally. This one has substance, and a profitable core business.
If it takes 5 years to reach $5 does it matter if it dips to .58 for 1 month?
Hell, Bitcoin dropped to $3000 from 20,000. Does anyone who held care? That was a long hell wait though.
I have to tell myself to stop watching unless I’m in a position to buy or sell, there’s no need to watch the price.
Do I watch Home Depot daily? No. But are my shares I bought at $147 a nice price today? Yes!!
Am I kicking myself for selling at $130 from $87? Not really.
It’s all relative.
Highs and lows happen. It just sucks when you buy high and have to wait.
2 years is short in investing timelines unless you’re a day trader.
Picture the 5 year journey.
If they RS to get to Nasdaq the question really is what would be the multiple to expect. The market cap would be the same. But yes an organic $4 versus a RS $4 is much different from one another.
Looking at the shares OS and the revenue growth a 5x multiple seems very reasonable, but that might only be a $2 price on 100MM shares, though it will grow from there.
It’s not a bad thing to RS to get there per se.
Lots to discuss on that angle.
Someone keeps selling me shares at .803 - there is a large bid at .802 and anytime I squat on .803 it fills. So park 2500 there on a bid and see if it fills for you.
If they are in a quiet time while waiting 60 days (43 left?) they won’t be releasing monthly numbers. However we know that cornerstone made $3 Million In the first quarter, and I am assuming that ended March 31, but not sure their fiscal year. And that is typically 10% of the yearly revenue, so they are hoping they hit $30MM with cornerstone alone.
So they may be able to get $60MM run rate this month, and if they close another deal, in two months they expect to be hitting 8MM a month or higher. So this quiet time will likely be the lowest we will see ever.
We likely only have one month to play volatility before we buy and hold for the run. Whether it runs from .75 to $3 or more only time will tell, but with uplist, and investors coming with bigger wallets, and increasing revenue, I have to believe it is possible for this to run 400% minimum from whatever the price is pre-run. It might correct after or keep growing.
Those who have the guts to keep holding long will likely outplay every one.
If I am able to get 216,000 shares before the run to $4 it would make me a very happy person.
And on an outside chance they get a grant, and it runs to $10 fast enough to keep me from selling, well, that would be life changing and I would be grateful for all the encouragement every one of you long hold investors provide.
I can hope and dream.
Stack, yes I think it’s the name of the game. Penny stocks are an odd beast. Most people doing penny stocks are day trading or flipping. Because most of the game is to trust no one; Believe all penny stocks are crap and 90% are lying and the world changes while they try to make the business work.
SIRC may be different, but not everyone sees it. There is always another quick play to be made. In our case, growth, numbers and investors are those things we need. The flippers also help make it run hot.
Our last run to $3 was not normal. Our next run, if it hits $10 before end of year would not be normal.
Belief is all that matters. Get people to believe it is worth $10 and it will get to $10.
Everyone here believes it is worth $5. It will hit $5. As long as nothing breaks that belief.
Just my opinion.
I don’t think it matters that much. Depends on how and when things are sold. I sold almost 40k shares between .85 and .92 and today it hit $0.99 and $1.03. If it does matter, then it should matter when I buy 40k shares on the way down, but that did not seem to matter either. And unless 1000’s of people come all at once and buy and or sell, the single person or 10 don’t really move the price. If I had 400k and did market sells that would be a different story. But putting a sell order in for 2500 shares 15 times throughout the day does not really help move the needle much.
Would love more discussion on this.
If I buy at .77 and sell at .92 what is the net effect? Did I help it go up to .92 with my buy orders? I don’t think so.
If I dumped 50,000 at once as a market sell, it might change some opinions. Then again it seems like people laugh at it when they believe it will go up.
I’ve seen these price changes during the down days and they are not really big orders doing it. If someone wants a lower price, they want more shares. So they don’t want to sell a lot of their own shares. And someone who shorts, has to cover. We’re in the bouncing ball phase I think for another 2 weeks.
But at these prices, anything can happen.
But likely not because one person sells or buys 100k shares or even 1million shares as we have seen big dips recover quickly when the market in general believes it will go up and market makers agree.
.028 to 2.20 is an awesome run no matter what else happens. And to each his own on how they play an amazing company. In some ways it’s hard to go wrong if the company actually grows and becomes successful as long as you hold Something as it grows. I think most people who sell everything on a hot stock dislike it going a lot higher, but even holding 10% and having it go up 10 times is still another 100% on the original. (Well the math may actually be different, but I think the point is that you can still be happy you held some.)
For those who sold everything, having these dips might just bring them back in.
So far, the ones who are hurting most are those that might have gone in big at $2.79, but even they should get a good return if this really reaches NASDAQ this year, or even next year.
Playing the market is not for everyone, and I would suggest to anyone thinking of doing penny stocks, it’s easy to lose money going in big and holding. I have 4 big entries for me that crapped out which nearly wiped out my account. If SIRC had done the same, I likely would have had to admit my failures with entry and exit decisions. And that lesson I hope won’t be forgotten. And therefore it makes me nervous making big risks.
What I should do is risk no more than 10% of my portfolio on penny stocks. And I am hoping to stick to that when SIRC gets to NASDAQ by rebalancing my account.
Desperation as well as ignorance can both lead to disaster.
I’m hopeful though that everyone here is able to fair well with this stock and there are no surprises.
But I’ll take profits when it makes sense for my mental health. It has nothing to do with where I think this company is going, it is just about how much I want to risk while it is getting there.
Timmykins, just read your post after posting mine. Glad to see others who hold a bunch and take others to play the market. It’s actually quite thrilling on a stock that I really believe will be $2 or $4 or more within a year knowing we are in a quiet time and everyone is trying to gain cheap shares before the next run. I’m just trying to lower my average for shares I bought at $1.45 on the way down after selling high.
I did not expect the long slow slide but since it has I’ve been throwing a lot back in and take it out on reversals just to put cash back so I can catch a dip. I got my average from 1.10 down to .95 at the expense of putting more back in than I wanted to hold long-term.
I tried to hit the $1.02 this morning and missed it. Anyone’s guess where it goes Monday. If it dips I will re-buy and if it spikes I’ll hold for another larger daily spike.
My goal is to hold 100k until nasdaq, and my spike in shares reached 211k again this week, Now back down to 170k.
For me it is just about playing the game with a stacked deck it feels like. I know there is a chance something bad happens, so I keep collecting cash where I can. But my strong belief is in their reaching nasdaq because this will run again once the reports start showing revenue so that shorts can’t fool anyone .
But in the short term, this will be volatile, and if I’m wrong, and it runs, I still have my “extra” shares I got on the dips.
I don’t pump when I’m selling. I pump when I’m buying because I want others to get in low. Sorry I might have pumped some when buying at 1.45...
And when you’re down a lot, it makes sense to make up for it, lower the average, get more shares to turn into cash when needed.
Mine is also in an IRA
60 days... feels like such a long time even if we have 45 days left.
But it is amazing they believe they could get to Nasdaq price this year... my plan is to buy and sell volatility between .80 and $1.00 (with a small portion) for a few days more if it drops Monday. My funds should be settled by then from the selling at .99 this morning.
I know it is crazy but I am finding a way to be happy for substantial dips in the short-term. I was buying like crazy from .83 down to .73 so I am in almost as much as my share count I had at .06....
Don’t try this at home. Hahaha. It’s just me getting the thrill a lot like speeding, but safer. If I sell at .99 and it dips to .80 and I believe it will hit $4 this year the only downside selling the small runs is missing out when it takes off early. Which it might. But those buys we’re supposed to be held in cash and safe storage anyway. And making 15% even was better than putting in a CD or bond or money market or dividend fund, etc.
Do any of you take a portion and trade? Maybe not day trade but just trading volatility on one that you believe will go up and has gone down a lot?
I lost a lot before on buy and hold, so I do a lot of short-term trades to just climb out of the hole that I dig with some long term buys.
I bought some $asck today which is likely insane. I’m down 95% on that one and I am hoping for some odd news to allow this averaging down to allow me to get out green. Don’t buy it. It likely is a scam anyway, but very low market cap after the downturn after R/S...
Which ones are you trading volatility on? If any?
Timmykins:
Agreed. At the moment the scare tactics are working. Everyone feels it. And those wanting cheap shares know it.
It will turn.
Share count is a little unknown. But if we assume 270MM shares at .75 the market cap is $202MM.
On 50MM revenue that is a 4x multiple which makes sense in a depressed cycle.
At $100MM revenue that’s 2x multiple, which is like we were before the big spike. I expect we will see $1.50 as they post revenue of $8MM per month. As a minimum.
I know we believe it will go higher, but it may take more time to get the same hype that was there before.
I think many of us just want to see an uptrend development.
The slide down causes more excitement when it starts to turn.
Anticipation is amazing.
Everyone hates the slide. I keep buying. I might be crazy but I am almost back up to my highest share count. At this point, it scares me to see the slide keep going down, but I know that at .58 cents, the market cap will be almost like when we were at .10 once we hit $150MM revenue and growing. If it has not shot up before then, it will. A fast growing company will not keep a 1.5x multiple very long. And the slingshot effect could make it hit a 20x multiple again if it stays low a long time.
Once they start showing revenue and cash flow on the books, and show all the great things we expect, price will correct.
It’s a little scary as it slowly slides...
Almost better to not watch for a while unless you’re buying dips.
We have about 3 months of pain to endure.
Unless something changes the push.
Anything can happen.
I expect a slow turning of the curve, so I expect .72 almost all this week. But who am I? I know nothing.
Interesting how the investor presentation shows market cap updated this week based on shares outstanding as of November 30, 2020. In some ways I understand because they don’t have the revenue to report for those outstanding shares, and price is often based on historical reports with some influence of forward looking statements.
169MM as of 11/30/2020 and that is mostly the shares needed to get to their Q3 report which is the latest. And much of Q4. The Q1 report is likely the one where more interest will come. And some excitement. As long as nothing really bad in the economy pops up this year.
Hang on... the days and weeks will pass quickly if you start researching other stocks to buy when you have funds again.... research now to find the jewels that are tanking but have real value, not hype.
Each week that passes, gets us closer to uplist, more acquisitions, and reports of higher revenue and expansion. We know they intend to hit $100MM in revenue. We’ll know fairly soon, how many shares were needed to hit it, and we should know by end of year what the new growth rate looks like.
If they keep pulling off large growth and profits after they hit 100MM, does anyone think they can’t get to $5 within a year?
They are at a 60MM run rate now. That’s 15MM per quarter. That will be on the Q1 report to validate it.
They were expecting 5MM per quarter for Q3 (I think the final was 4.3MM?). Not sure what Q4 will show. But it won’t show $15MM maybe $6MM?
So the quarterly reports will go from $4.3MM to $6MM to $15MM to $25MM within 1 year.
500% revenue growth in 1 year if they pull this off.
And they go from a few states to many states, and a few products to many products, and a few leaders to many leaders.
But the revenue growth per quarter, then whatever the new guidance will be next year will be believable.
Mercutos, the more revenue, less multiple.... here is my thoughts. they said they would slow acquisitions to focus the business after they reach 100MM milestone, yet they will still grow organically. This could mean slower growth as a percentage. From 20MM to 100MM to 150MM, etc is slower growth and may lower the multiple. I’m not claiming I know the multiple this will carry steady state. And projections are limited. Are they planning 100MM now and $200MM next year or more like 165MM... we don’t know that yet. And the difference in multiple I present are just examples. That show it is higher than where we are now.
My posts are sometimes stream of consciousness in between meetings haha.
Anybody’s guess on opening today. But this gives us guidance. I like the sunrun partnership mentioned. I like the grant application mentioned.
I like the focus on synergies and systems which help them be more profitable.
I like the timing of the update.
It may not stop the bleed. We’ll see. But it could start the beginning of the turnaround.
60MM run rate at 10x multiple is 600MM because it’s growing fast. 100MM at 5x multiple is $500MM both are where we’re headed.
Well I like high risk and high rewards too. And this one stock can be a game changer and I hope I can find another one or two. But at the same time consider always that a large buy of $1MM could go to $10. In the wrong circumstances.
Trying to get rich when most people dump a stock a lot sooner than richville makes it hard to get rich unless you risk a lot at one time. Risking a lot at one time can be disastrous.
On $MGTI it looked like it was set to run well. We were up 800% and I did not sell and others had invested their life savings. They had multiple streams of income and business units. And we did not sell. It was a high of $8. Today it is trading at .08... I lost half. I got out finally on the last surge it had at .27 with an average price of .58.
At the low of .017 I could not buy as they were not current. And it was hard to put even more in. I had bought at .03 to get my average down, just not enough. Close though. One day it might run because it is still in business, or one day it might close shop.
Penny stocks are very high risk. And this latest market has been favorable. But I’ve been through 4 very dry years.
I am heavily invested still. More than my comfort zone. But I want a great return also. But I will be more conservative in my guesses, and more risk averse. Also I will be more critical if things start to unravel. This year it really looks promising.
And if they pull off $200MM revenue in 2 years, the price will take care of itself.
Some think $58MM run rate will result in BLNK level prices but I don’t believe that.
There are a lot of unknowns coming with our economy. We have a short window.
I’m hoping for a big change within 6 months. If it takes longer I fear for other factors to negatively impact the rate of growth.
GLTA
Value we expect to see. I think Chill posted numbers a while back and their on the info board.
Revenue from each company with all the acquisitions is about 58MM historical values, correct? This should show up as real quarterly revenue for Q1 since most of these closed before March 1 (beginning of Q1)
At 58MM yearly and 270MM shares(guessing) that could easily be $1. We’re only 3 months away from that report give or take a few weeks. And the quarter after that should see $100MM revenue run rate (25MM per quarter) that will be amazing and that could easily get us to $2...
So we have six months to watch progress, not stock prices. Focus on the business. Talk about how many sales they can make per city and be reasonable in the guesses.
Use some historical facts and reasonable projections and type up notes and share them.
Cornerstone was in how many cities in 3 years and made how much per year?
4 cities and 12MM right? And growing fast.
Orders per household increases will grow it.
List off all the cities and figure how long it takes to start selling and bringing revenue. Maybe 3 months for a new city to have a steady supply of work for 1 crew. 10k per order maybe 2 orders per week. 100k per month or 1.2MM per year for new cities with 1 crew.
Buying a company gets them crews and customers and cities. Maybe already making $1-2MM per month 10 acquisitions. $100MM more revenue per year no new development.
Keep running real numbers based on employees and outsourcing they do.
I am not suggesting entry and exit don’t matter. But trying to time for maximum $$$ normally leads to more issues than it is worth. The goal is to increase your investment, not make home runs with every stock.
Don’t play penny stocks with the goal of getting rich. That is a mindset that will cause bad decisions.
This one for me was one out of maybe 40 different companies that I have bought and sold and is the only one that I got in at a great point and had this big of an effect.
I made $30,000 off of $FDBL but the price has already fallen. And I bought more and it went down more.
The prices go up and down. Each person needs to know if they are a player, long-term investor Or somewhere in between. 90% of penny stocks lose long term.
This one may actually become an investment, but every decision they make matters.
Anything can happen at any time. The longer you hold, the greater the risk until they have solid ground beneath them. And they are trading at a reasonable multiple or PE for the industry that is not in Hype mode. Some industry growth is better than others and investors will pay more.
You have to look at reasonable projections for revenue growth, and shares used for acquisitions and not use old data, you have to make educated guesses. No one has the crystal ball even with historical information.
Look at $asck - for years they projected $45MM in revenue. They completely did not deliver. I still hold them, watch them and one day if they are not a scam or die of old age they might run again.
We are in projection mode. Forward looking statements that give us a sense what this could be worth in the future. But today, if they were bought with cash, what would the price be? And why?
Cornerstone sold for 6x yearly revenue (12 months trailing) to SIRC. So would another company buy them for $600MM as soon as they post a $100MM run rate? Why not. It is possible. But they are at $20MM on the books so they look like $120MM value. And with 250MM shares or somewhere there about they look like .50 if someone was just starting to look.
My main point was short term volatility for those who already have their shares won’t matter in 1 year if nothing bad happens.
Also, in 8 months we will have two real quarterly reports to help show potential growth and success factors or issues if there are any.
We sit and watch and they’re out there installing roofs one customer after another. It takes time. Give it 6 months and see what happens. I’m betting a lot will happen in that time.
AgeofReason, likely no one is great. I go for specific types of companies. I will never tell anyone to buy or sell. I will try to give perspective. I do look at multiples for a company and it is my rough guide. I also look at Twitter sentiment. I also look at future growth projections, and I look at how much a company diluted in the past or why they sell shares and what they do with them.
Before cornerstone, the 26x multiple was way high. I started buying again at 1.40 and do not regret. I buy 5k or 2.5k at a time and watch.
The correction is so deep because of timing. The shorts know the historical filings can produce fear for those who have not researched, watched the videos, talked to leadership.
So MUCH has changed.
My rule of thumb is 800% in a week likely will correct. 400% in 2 days will likely correct. Personally I sell some at 400% and wait. If it hits 800% is sell some. If it keeps going I keep selling. This took a lot longer to correct. I expected it to run to .80 before the cornerstone acquisition.
I was blown away it hit $3. And by the time it did I did not have many shares left to sell.
If I sold all right at the peak I would have had $200k more. Never look at coulda/woulda/shoulda.
Make a plan, and stick to your plan. If buy and hold is your plan, then best to not watch the volatility. We are up a lot from 3 months ago. Check back in 3 months.
If you sell at 200% and sell all, then adjust as you see fit.
This is a great long term hold. Nothing between .50 and $1.50 matters. That is only $1 spread. This will be $20 one day. And it will vary from $15 to $20 up and down at points. Everything is relative.
A special thanks to Mercutos, livnchill, trip trap, oh and I can name quite a few but I would miss someone, but all of the longtime investors, who are in deep, you keep posting the relevant forward looking statements we can use to gauge their execution. If they meet or exceed expectations, no one will be kicking themselves unless they sell out too early.
All the stuff Mercutos posted and was added to is very important as the reason to not think about how much your account has shrunk on paper. This is not going to lose 90% like some of mine have in the past. From my initial investment at .23 to my many at .03 it was painful to see it go down that much. This could go lower. But revenue numbers are coming that will cause a turn the lower it may go.
Demand will increase with uplisting especially if they give us some real updates on revenue, and we see them growing like we expect.
The macro market may have an impact, but revenue and cash flow will bring investors. From all over. And all sizes. The ramp to $3 on 20MM may have been steep, but the ramp from .80 to $5 on 150MM revenue is so very possible as well. It’s not that far away. And .80 to $3 is a lot easier on $100MM revenue than $20MM revenue even with double the shares.
Also if price dipped too low, they might even buy some back, who knows. They could stretch $5 into $15
Thank you peterpanwasjusthere. Can I call you Peter for short :)
I do hope some things I post can be valuable. There is no one right answer because there are so many variables and peaks and valleys. I love a good run when it comes and I was kinda desperate when this one happened, but I was telling people with a few others here for months on end before the run. And the decline this month will just take some time, but as long as they keep making good decisions, it will come again.
The guidance I’ve heard from them have been on public interviews. 100MM run rate by end of summer was one statement I remember. I believe it was stated on multiple interviews. As far as SEC filings or PR I have not seen guidance there, but I expect we should see some PR on milestones in the coming months.
The market and general environment for OTC stocks is a factor, but the biggest factor is the lull between reports of real revenue. At 20MM trailing 12 months to be posted as their next report, and likely clarity on outstanding shares, we are riding a 12x multiple at .80... so in the very short term the shorts are correct and we all need to keep the real numbers in mind when telling others the potential for share price in specific time frames.
Once they report multiple months of revenue sometimes having to see it in a quarterly report or maybe two quarterly reports, then you can adjust the multiple based on potential 12 months trailing revenue.
$2 will come. It’s just a matter of when. And all big investors who are not already in and holding from early are likely waiting for real reports to help guide how fast they buy. Right now, it’s going down and some more are taking positions. As it falls the numbers become more enticing. At some point, the desire will grow, and revenue increases will cause a lot more interest.
Stick to 4x revenue when deciding if you buy or hold. 10-12x can be selling points if revenue is not going up fast.
1-2x is definitely buying areas for big returns on a high revenue growth company.
We hit around 26x I believe at the spike with shares we knew about (138MM).
Now there are more shares, higher prices, yet revenue has not been filed on 10Q etc. so we have this period of 6 months of watching all the information. But if you’re not buying or selling and just holding, you’re looking for an exit only if things start falling apart and you see it before others.
This is a hard time. I am back in heavy for me, and the risk feels uncomfortable, but the potential for growth can’t be ignored.
I believe they do want to ramp revenue to 100MM and show it growing. They have cash on hand and are profitable. Which is a great place to be. They do not seem cash strapped, which is awesome for a penny stock. The growth they get may blow our socks off, but it will take time to show, and that ultimately is what moves the needle permanently. Spikes and valleys always happen.
You must be conservative when looking at numbers while hoping for the amazing spikes to come, because one day you will sell, and hopefully on a spike that you’re happy with.
Create your plan early. Take into account the comfort level of the down turns. You don’t want to create high stress on dips. We’ve all learned from hard knocks I expect, or this one is teaching us.
1.86 I believe will still be a great price in 3 years, likely sooner on a spike.
I honestly expect 300MM revenue in 3 years. Or sooner. Not later.
That will drive a $4 price pretty easily.
Those who expect $10 in 3 years, I hope you’re right, but I don’t need that to know what I have.
We’re probably 60 days or less to uplisting. What we could all do if funds allow is putting bids at the floor we think should be. I’m thinking .87 is a great place to put in a lot of bids. Shorts might try to break through them, but they have to cover in 1 day. So they can’t short too many if they know they will be sucked up by everyone watching.
Within 60 days this will open up to buyers who are on the side waiting. Some want cheaper shares, which I understand. It’s okay to have it drop if we’re not selling. And it will bring in more of those who sold high. And even more who are waiting for that right time to commit to the journey.
.87 is a good price if you plan to hold 60 days. Even if it dips to .60. I generally wait 1 week between buys unless there is a big dip.
Everyone has their own strategy. It’s painful waiting and watching if there is no action to do. For those, it’s best to check once a month.
I assume the low of .87 today pierced the .90 flat spot. The question now is what next?
I know short term does not matter that much. What matters is whether or not there is money left in the penny market enough to push them up to Nasdaq. I’m hoping we get there sooner than later.
But this decline looks to be making a trend that no one is helping reverse. Not enough interest as people are waiting for uplist. Many more want in than those who are in.
Maybe we can skim bottom soon.
I am telling friends to watch this ticker.
With such low volume if you put in limit orders for 2800 all or none they don’t seem to fill very quickly. I put in several orders of different sizes to catch any short market sell at the end of the day. Most sell orders seemed to be less than 100 shares.
This low volume is just jockey moves trying to get good prices and keep price at a specific spot.
I feel like the slow dips down are a good time to add more than I need for any time they let it reverse.
With such low volume if you put in limit orders for 2800 all or none they don’t seem to fill very quickly. I put in several orders of different sizes to catch any short market sell at the end of the day. Most sell orders seemed to be less than 100 shares.
This low volume is just jockey moves trying to get good prices and keep price at a specific spot.
I feel like the slow dips down are a good time to add more than I need for any time they let it reverse.
As they increase revenue and growth the share price will move up. As it stays under $1 more people who do believe will buy in. When it does become a Nasdaq stock it will grow as they grow. With 15 companies they are reviewing, and money in the bank and running profitable businesses, it has the gas to keep going.
I would rather see this grow like other slow growing companies. Smooth and steady to build confidence. But as a penny stock there will be pump and dump mentality.
Whatever the real OS numbers are today, I’ll use 300MM shares as my estimate because by the time the revenue ramps and they buy more companies it will hit that.
The faster they grow the more growing pains may come.
But they could get to 100MM run rate (8MM per month) by July (Just as an expectation). When they do and if they have a 5x multiple on run rate, that will be $1.66 which is almost double today’s low. That is not a bad return in that time.
And 6 months after that it could get over $2.50. Which on today’s price is a great return.
So I bought more today.
I hope everyone else did too.
Once we uplist to QB how many new platforms does this open up?
Is it possible someone or group wants to keep this low before uplist to provide a bigger pop once the bigger pool of investors can come? And why would they do it this way
I know we all loved the fast action this got in the last 3 months, but some of us have waited 2+ years for that to happen.
I listened to the interview with Dave and Hunter. If I heard correctly they want to hit NASDAQ as the goal (aggressive I think) by end of this year. Did I hear that correctly?
They have several companies they plan to acquire. And they expect EV to be 25% of their business.
They expect 100MM revenue in 2022 (not run rate but full 12 months historical). That means 150MM run rate before 02/28/2022 if I am interpreting it correctly. And they hope to buy these companies and expand. Continue to grow on all sides.
Not sure why anyone is selling shares except to keep the price low.
Docsands, yes this is why I try to figure out the realistic shares as soon as possible and like to see audited financials to know revenue and shares, and why I estimate high on small companies that historically had to sell shares for growth or survival.
I’m now estimating 300MM shares to 350MM shares with run rate numbers because they will hit that by the time the run rate becomes the trailing 12 months revenue.
We need $150MM run rate to make $2.50 sustainable. That could be by end of year.
Yes. I believe they may start doing monthly reports, or I hope they do again, that shows a 5MM a month or higher run rate each month they hit a new milestone. I know it is hard with multiple companies and likely many different people running the numbers to collect them all in a way to report. But I think they may have to do monthly reports themselves and be accurate.
But if not monthly, yes quarterly reports showing increases like we expect will turn heads.
The reality is that the year end reports will show 20MM revenue and 250MM shares of stock and a $1 price will feel high for this exact point in time. As revenue increases greatly the excitement will grow and institutional investors will come. They look at numbers, not hype. The look at history and projections.
I had to buy at the end of the day. Another 5000 shares added. .915 price. My average is $1.02 still and I’m okay with the price. If I buy enough I might take some back out if it runs up past a reasonable spot for the situation. Like if they start reports of $6M per month, this will hit $3 again pretty fast. That’s about 3 months away.
Any extra you buy under $1 will be a great return on a 3 month period. Just my opinion. Anything can happen.
Re: cornerstone. I live in GA and my parents in VA. I have friends in different parts. People are starting to talk about it and consider it because of increasing electricity demands from different areas, EV and computer equipment- mining crypto coins not Bitcoin but alt coins. The demand for electricity will eventually drive up the cost and .05 per kWh will be more rare but that is an average in the southern states. BUT we get a hell of a lot of strong storms every year. Battery backup systems for the home will be important. EV cars are coming fast. Roof repair and replacement gives opportunities to add other products in the area before solar roofs are a bigger thing in this area. We have a lot more clouds and rainy days than Arizona for sure. So many things to consider about how the business growth opportunities pan out in different ways. Tornadoes and lightning damage a LOT of roofs every year.
Every spring to summer to fall we see tarps on roofs until they can be repaired. The housing boom 10 years ago is generating a lot of new roof replacement today.
The roofing business is spread out to a lot of small companies all over and consolidating makes sense. Making larger brand names makes sense. It’s expensive and labor intensive and not something people like to do themselves, and needed every 20 years max and very common as an upgrade before selling.
Don’t underestimate the value of a streamlined roofing company. They can install a roof in 2 days with a crew of 10 people. And be profitable on every job. 5 crews, 125 installs per crew per year can be 625 installs in an area each year. Which is 12.5MM revenue per year per company with 5 crews of people and good sales staff.
That’s the cash cow that allows them to add onto based on having a relationship with the customer. Plus they can market to new customers with different products before they need a roof, then when they do who will they call?
Merging all these companies under one umbrella public company is an amazing plan. And solar roofs are a bigger thing where sun is strong and electricity is expensive.
EV charging in the south east may cause more solar power installs for government and commercial in our area. So much potential and it is just diverse based on location.
Don’t get hung up on all companies mastering solar. They are spreading out to be a home and commercial service company for big power products as well as fundamentals like HVAC and roofing just common house maintenance costs. And often upgraded before selling, or after buying.
Just my thoughts.
This will grow for years to come. The vision is solid
Damn trip. This chart analysis is friggin amazing. How the hell is it somewhat predictable more often than not? Is this based on humans and all the humans are taught similar things, is it trading algorithms? Neither? Some type of Magic hahahaha.
Chill, stressing and over analyzing come with bad experiences with penny stocks. You have to remember my starting point. I lost 60% of my account because of holding after being up 50 to 400% on multiple occasions. I’m not the only one who has gone through that.
I started 6 years ago with $53,000 in an IRA from a converted pension. My first penny stock went up 400% and I was sure it would go up $2 more. Everything was looking bright. My account was about $58k and then it declined, and declined and at a lower price I bought more. What started as $2000 which went up to $8000 became a $10,000 investment that declined to $340 .... buying and holding would have been better as I would only be down $2000 on that one not 10,000ish. Another one went up 400% and I sold but had only put in $400. I repeated that a few times and got better at picking. I made $600 to $1600 trying to get back my losses.
Another one seemed a sure bet. And they uplisted to Nasdaq and I was up 300% sold for my small gain and it fell much like sirc has, and on the dip I bought in heavy at $7000 and it doubled and I held all, and they defaulted on a loan and their major business was foreclosed by the bank. They merged and I was still up 50% but they got delisted from NYSE. And there it sits. I can’t sell. And who knows how it will turn out.
I had 3 other good ones I went in small with and 2 other bad ones I went in big with. I ended up down to $15000 left that was usable.
By the time I caught the .03 dip on $sirc I was sure it would run and I went all in with the remaining cash not locked up in a CD and put in $9000 at an average price of .045.
I had a good feeling this could run to .80. I was almost sure of it. And made a plan to start selling at .75 to recoup cash from all my losses. I only really needed .33 to recover all my losses and get back to $60k or so... and as this board grew, it gave me courage to hold longer. I put my sights on $1 and I sold spikes and bought dips in the .31 and .75 range just to get some back into cash.
The day it started running hard passed $1 I had a doctor appointment and was just watching it go up and up...
My current balance is 8 times my starting place for my entire account in this IRA.
When we hit $3 again I will be over 10x my starting point 6 years ago. I will be really close to the same if I held it all, but my goal was to secure profits while I had them and not keep making the same mistakes.
My strategy is now different than before because of experience and seeing hype and dump patterns in penny stocks. And the unexpected. I’ve seen market changes, fraud allegations, SEC actions and investigation, CVEM even on SIRC, defaults, bankruptcy, and dilution and failed business delivery, all in stocks I believed in.
I am happy to be on this journey with you all but 5 years of trading speculation and early stage companies gives me scars that I use to be safer for myself.
I still believe in this company and still hold $150,000 worth of stock at this price. I started with $9000 in it. I consider anything that is positive from this point on will have been a successful investment.
I don’t have to milk it for every penny to be happy with the results.
And how I played it was mostly according to the plan I created when we were at .06 and I told a friend who also bought about 100k shares and has since sold out and moved on.
Sometimes buying and holding is the worst