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had my ass kicked shorting W........
any way,get back to cpac.
"Capstone and Stewart just F'd up with their running of this venture and put on a good show selling the promotion of the smart mirror with minimal sales. That's why we're hoping for the next product in development. I'm sure that its a disappointment within their own office too and hopefully they realize that if they want to stay solvent, they're going to have to develop a new product line going forward."
financial damage is likely be huge,i do not believe there is enough resources(financial/mental) to develop a new product any time soon.
again,what i be looking for
1 50%+ sg&a cut,ok with Aimee gone
2 swift resolution on mirror
3 damage control,back to legacy line,refinement that is,to the big box stores
4 stay and be a good "copycat".
so far
option reward to employees.not good,capc management can not accept reality(number,number,number,are all bad).in one more q,it would be fighting for bk.
ps-bloody monday??
part of the smart mirror marketing pr was......
add value and enhance/supplement users indoor exercise experience,covid 19 should have helped,not hampered.
optimist:
ok with 80% revenue drop due to covid 19:then you should buy truck load at these cheap prices.
pessimist:
a dud,self-inflicted has nothing to do with covid19:wait until price dropped to 3-4c in october.
my argument:
capc smart mirror is a dud.covid 19 increased number of people exercise at home and the demand of indoor/outdoor equipment skyrocketed,and capc smart mirrors smashed into the wall with lack of sale/revenue!
"home-friendly environment is increasing the demand for home fitness equipment as the customers are keen to exercise daily."
https://www.prnewswire.com/news-releases/home-fitness-equipment-market---growth-trends-and-forecast-2020---2025-301069056.html
"Bike sales booming amid COVID-19 pandemic, stores struggle to maintain supply"
https://www.ketv.com/article/bike-sales-booming-amid-covid-19-pandemic-stores-struggle-to-maintain-supply/32589397
reality check:
when you lose $1 million per q,how much time do you have left to "right" the company??
chartist point of view.......
"island reversal" and "2nd reversal" since 6/8/20 peak.
The "Greatest Bear Market Rallies Of All Time", And Why This One Is Ending........
https://www.zerohedge.com/markets/greatest-bear-market-rallies-all-time-and-why-one-ending
bottom line for 1q 2020....
projected:
loss of $1 million
cash balance of $2 million
action items before touching:
cut sg&a from $650k to $350k(not rewarding employee w/options,window dressing and totally BS)
smart mirror write-off and on/off resolution
if not,my estimated stock prices:
2q 5-7c cash balance of $1.0 million
3q 4-6c cash balance of $250k
4q 3-4c(best entry point)
ps-finally reality/truth for the future is clear,a BIG nothingburger,after 3 + years of hope/waiting and money down the drain among the faithful.oucchhh.
dear s.g...........
since 6/8/20,the path of least resistance changed,biased down and not up;and our "sputter cliffy" became a pig.
facts are facts,by putting lipsticks on your favor "sputter cliffy" would not make it fly again,unlikely for the next 3 months.
action taken today:
roll down
7/2/20 5.5c/6.0c credit spread(opened on 6/19/20 for a credit of 22c)
to
7/2/20 5.0c/6.0c credit spread for additional 26c credit today.
or
sold/short 7/2/20 5c/6c for 48c credit(payout 1:1)
i do what i say,no lipsticks.
good eye......
fire sale ahead.
from nt-10q.....
"There have been significant changes in the results of operations as compared to last year with revenue reducing by approximately 80% which has necessitated further research and disclosures. An estimate of the results at this time would not be reasonable until we have completed the evaluation and disclosures of the impact of COVID-19."
a bit more:
1q 2019 revenue was $2.978 million,and is this the base for
"revenue reducing by approximately 80%"????
"Houston we have a BIG problem!
ps-have you $ ready,fire sale ahead is likely.
capc smart mirror nemesis......
this is why i am so pessimistic:
8" HD display and cheap.
https://www.staples.com/amazon-echo-show-8-smart-display-8-hd-display-charcoal-b07pf1y28c/product_24421381?cid=PS:GooglePLAs:24421381&ci_src=17588969&ci_sku=24421381&KPID=24421381&gclid=Cj0KCQjwudb3BRC9ARIsAEa-vUu3BeJ82QjBH6kDEArn4nGQJNooEpLnOSC8-HrgK51cWX6hNY_ZHtQaAo0lEALw_wcB
plus
a sheet of clear glass.
https://www.homedepot.com/b/Building-Materials-Glass-Plastic-Sheets-Glass-Sheets/N-5yc1vZaqjn
my plan.......
no touching and waiting for the next ER:
1 if mirror flopped,buy the stock below cash value(5-6c)
2 if mirror took off,buy the stock above 10c+.
i believe 1 is the likely outcome,and my reason for buying are
1 connect surface devices are the future
2 failed experience of the mirror is a plus
3 failed direct marketing experience is also a plus
4 sourcing out of china is a plus
5 better at sizing up itself next time is a plus
6 better risk taking: better being a copycat is a plus
7 legacy box customers are a plus
8 .............
or
i think of it as buying a development company,full of pluses,from its past mistakes,and the bills are all paid:i am assuming it can learn from its past,thus the odds of future blunders by capc are capped to a low minimum.
again,i assume case 1 and capc management can monetize from its past mistakes going forward.
trend is not your friend for the longs.....
peaked on 6/8/20:
$7.09
first friday(6/12):
$6.32(closing)
second friday(6/19):
$5.60
third friday(today):
$5.32 as of 3 hrs before closing.
and
highly probable going below $5.0 in the near future and soon.
or
for the next few months,this pig would not fly;no matter how much lipsticks you put on it,"sputter cliffy" is dead on its track.
are we back(down) yet?death by 1000 cuts.......
july down below $5.0(75% chance)
august down below $4.25(50%)
september down around $3.5(50%)
october price is so low who cares.BUY,BUY,BUY.
ps-have you money ready for the OKTOBERFEST:"SPUTTER CLIFFY" can be had for around $3.50 again with 50% probability.
ooops...
sold 19 contracts,not bought 19 contracts.i am so thirsty,my brain is shaking.
are we back yet??
I think I just got my beer money,I am too thirty not be a chicken little.........
just pick up a BIG PENNEY in front of a languishing steam roller named "sputter cliffy".
option expiring in 5:36 hours:
bought 19 contracts of 6.0c@1c for $19.00.wooowww.if leftover,may be some peanuts too.
there are different levels of darkness.........
i am betting on release of an abridged quarterly unaudited report similar to those given by
1. nmxs
2. cmpd
if 100% dark,like txhg,i am out.
ps-current pending litigation may be the driver of going dark,thus reducing the chance of self-incrimination.
Loitering at $5.50.......
Are we back(down to $3-$4) yet??
what to watch next week.........
can it stay above $5.5?
if not,are we back yet??
i am very thirsty and need........
my chieeepppp beer money?
pick up 5 contracts of $5.5p option,expiring in 2hr 45min for 2c.
easy money or death trap.......
clf@$5.84
6/19/20 otm option(expires in 1 day):
$5.5p 3-4c(my pick if someone held a gun to my head)
$6.5c 2-4c
had my ass kicked last week,i am definitely hiding in my hole and count my pennies,just may be enough for a chiiiieeeppppp domestic beer.
@$5.92 oouuccchhhhhhh............
are we back(round 2) yet?
round 1:
from $3-$4 to $6-$7
round 2:
back to $3-$4 from $6-$7
ps-clf bears are cutthroat and relentless,a heavy weight,they can crush you with a blink of eye.
more bumps ahead.......
GOP Senators Balk At Trump's $1 Trillion Infrastructure Bill:
https://www.zerohedge.com/political/gop-senators-balk-trumps-1-trillion-infrastructure-bill
Bolton's Book Revealed In Coordinated Leaks, Claims Trump Asked Xi Favor, Dems Fumbled Impeachment"
https://www.zerohedge.com/political/boltons-book-revealed-coordinated-leaks-claims-trump-asked-xi-favor-dems-fumbled
ps-will stock market ignore the likely political fracture of the GOP and how much longer before mr trump goes extreme(plays hardball as an independent)??
eventually the destination would reach $10.00+........
the million dollar question,how likely the journey will take us back down to $6.0- again and soon(this friday)???
mr markets says 33% likely(3 to 1 payout).
6/19/20 put option:
$6.0p 4-7c
$6.5p 18-22c
what option market is telling me.......
base purely on numbers and zero bias.
6/19/20 option(4 days left):
$5.5p 7c-9c(premium)
$6.5c 12-11c
two weeks ago $5.5p can be had for 2c(got lucky,had partial fill at 1c) and $6.5c can be had for 3c-5c.
so what.
what mr. market is saying:
50/50 directional,up or down.
due to uncertainty(volatility),premium is 3x-4x higher now.
are we back/done(bearish) yet??
ps-no clue of direction and everything expensive,i'll be hiding in my hole,no action on clf in the near future.
"beer money" this weekend?
or eat sh*t.
bought 6/12/20 put option(expiring in 1 day):
5.5p 8c
5.0p 3c
are we back(down) yet?
my play......
option and chiiiiieeeeeeppppppppppppp.anything also is above my pay grade.
are we there yet?
I believe round 1(bullish) is officially over at $7.06 on 6/5/2020.
round 2:
million dollar question,how low would it go and how long??I have no idea,but do know shorties can be relentless and a bitch,as history shows.
put update:
back to selling 3.5p for weekend beer money,from 3.0p.
dumped my shell stock for 4.5c+.......
ready to pick it up again at 2c or less.It is likely our pumpers are out of steam and money:at this low price,no action,not a good sign.
ps-many moons ago and a perspective,i bought few shares of this real asset before merger at 3c.
"if the $700bn actually leave the account at Fed and flow into the real economy before quarter-end, then it is likely a massive boost for risk assets."
million dollar question,has market priced in the "Fed bluff"??
https://www.zerohedge.com/markets/treasury-about-flood-us-700-billion-over-next-three-weeks
are we there yet???
90%(bullish).
""Stanley Druckenmiller ....admit that he "underestimated" the power of the Federal Reserve and that he had been "humbled" by the market's V-shaped recovery.""
https://www.zerohedge.com/markets/ive-been-far-too-cautious-druckenmiller-admits-hes-humbled-fed-enabled-v-shaped-market
ps-V-shaped recovery(bluffing game):50/50 is my guess,not 90/10 by mr. market.Almost time(??) to place a new bet,on the next round(round 2).
The demand for hedges is almost non-existent as traders chase the greatest stock surge in 90 years with levered money......
"Optimism Has Become Excessive"- Speculators Are The Most Levered Long In A Decade"
https://www.zerohedge.com/markets/optimism-has-become-excessive-speculators-are-most-levered-long-decade
everyone is FOMO and moving to the other side of "cleveland cliff casino" cruise liner,
or
go short,cheap,cheeeaaap,cheeeeeeeeeaaaaaaapppppppp......
90 years cheap?WoWWWWW.Do i know what's going on,absolutely not,and who cares.Its all a bluffing game.
option view......
july 6.5c/7.0c debit spread(35 days until expiration):
bid 0.16 mid 0.215 ask 0.27
or
you pay 21.5c(average) for 50c(28.5c max net payout).a bit low for my risk tolerance.
or
mr market says 40% likely for $7.0+ in early july,and his record so far has been pathetic.
are we there yet(round 1)? 80% yes.
are we about to go back(round 2)?? waiting for 100% above,everyone on the same side of the boat again,and i go short: "leverage and capital preservation" playbook.
when fundamental is marginalized and central bank "put" everwhere....
the new paradigm is "cheap leverage" and capital preservation.
ps-again,will we go to $7.00,I have no clue.If everyone is on one side of the boat,I will bet(cheeeeeeppp) against it and be on the lonely side(for big payout) without hesitation.just like a professional poker player,don't even look at cards at hand,it is all about bluffing.
how long would this last?
who cares as long as you got cheeeeep bets and high payout and chiiieep beer,players welcome to "clevend-cliff casino".
almost time to reload @2c and less........
chance to built up stock again,before next "pump and dump" scheme.based on the intrinsic,the company is worth no more than 2c.
going to $7.........
or head fake?The payout for hitting $7.0 in 43 days is 3 to 1
or
clf July20 6c/7c option debit spread is
bid 30c ask 35c
or
Mr. Market says unlikely of hitting $7.00,33% chance only.
as the casino money velocity gone mad....
bad bluff is everywhere,an opportunity to be had again and cheap??
clf 6/5/20 6.0c option journal as of 6/1/2020(4 days till expiration):
@5.43 14 contracts 0.03(BIG THREE CENTS
@5.33 11 contracts 0.01(BIG ONE CENT)
@5.38 25 contracts 0.01
why option(from the best of the best):
pr......
https://quotes.freerealtime.com/quotes/NMXS/Quote
June 3, 2020 9:49 AM
VETERAN TELEHEALTH PLATFORM, NET MEDICAL, INTRODUCES FRICTIONLESS, 1-CLICK EXPERIENCE TO MAKE PROVIDER SPECIALTIES MORE ACCESSIBLE TO RURAL, REGIONAL, PANDEMIC-HIT POPULATIONS
Leaning on two decades of experience connecting providers with the patients who need them, Net Medical's new features reduce healthcare waste, inefficiencies and access blocks
Albuquerque, New Mexico--(Newsfile Corp. - June 3, 2020) - Net Medical., (OTC Pink: NMXS), a global telehealth platform and premier provider of online medical services and support, today announced a suite of new features within its suite of telemedicine services.
"Telehealth has been around for a generation at this point — tackling then as it does today the same problems of healthcare accessibility, affordability, overall waste and credentialing, yet the pandemic has accelerated telehealth adoption by healthcare systems, providers and patients," said Dick Govatski, CEO, Net Medical. "The question has never been regarding which problem telehealth solves, the question our customers have looked to us to answer was how to make the experience enjoyable, frictionless and secure."
Medical-grade Telemedicine
With many new entrants into the $20 billion telehealth market[1], Net Medical focuses on the quality, privacy, security and ease-of-use its robust platform provides. U.S federal and state restrictions have loosened as of late to better provide healthcare accessibility, especially during the COVID-19 pandemic; however, those changes have largely been to ease historically clunky state-to-state credentialing needed in the old system.
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Net Medical User Case
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7194/57173_9b0d755f242be98c_002full.jpg
Global Telemedicine Market Outlook 2020, Research and Markets
"Net Medical offers services to providers in every state and many different specialties -- from primary health to neurosurgery -- and connects those providers with patients down the street as easily as to patients across the ocean, and the focus has always been providing a medical-grade experience," said Govatski. "This is not a video chat with friends or family. This is personal health information, a private conversation with liabilities providers know all too well. Patients need to feel the same comfort level they would feel with a provider in an actual exam room, and providers need sophisticated but straightforward solutions so they can support the best possible patient outcomes."
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Net Medical Online Image Viewer
To view an enhanced version of this graphic, please visit:
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A Expanded Features Suite
The new features provide a thoughtful, streamlined, complete solution for providers, regardless of specialty or healthcare setting.
"Our experience in the market over the past two decades makes the features we introduce not only data-driven, but also frictionless," said Rafael Rubio, president, Net Medical. "The Net Medical approach to technology is to move it as much to the background as possible. We want patients to forget they are visiting a doctor through a screen. How do you do that when the encounter is entirely experienced via telehealth platform? We make the entire, live encounter accessible with just one click."
New and expanded features include (video demos can be found on Net Medical's YouTube channel):
IT services for telemedicine, including the industry's only 1-click experience
Expanded call center operations
Malpractice insurance
Online intake forms
Integration into provider's EMR
Video conferencing for outpatients
Fair market value analysis
Follow up visits (rounding)
Credentialing and licensing services
Dr. Ernest Madu is an internationally acclaimed physician, featured on Ted Talk stages and largely considered a knowledgeable voice in the telehealth space. As a longtime Net Medical customer, he has leveraged the New Mexico-based platform from his home in Nashville to serve cardiology patients across the Carribbean and his home country of Nigeria.
"We as healthcare providers are in the profession because we believe in its power to heal and improve communities, oftentimes the communities in which we were born or now live," said Dr. Madu. "Our success in serving a community was historically based on a patient's ability to travel or afford services. The pandemic has reminded us that geography is a superficial barrier to effective healthcare, and we need partners like Net Medical to help us deliver on our oaths and capabilities."
About Net Medical Xpress Solutions, Inc.
Net Medical Xpress' Telemedicine programs provide diagnostic and clinical medical services to mobile companies, urgent cares, hospitals, trauma centers, imaging centers, jails, nursing homes, corporate health departments, and outpatient medical facilities. The company's proprietary, web-based Telemed is the foundation software, which enables medical providers to make real-time assessments of patients' conditions and treatment needs.
For more information, visit www.netmedical.com or contact Jen Asbury at 303-241-3126 or jen@netmedical.com
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57173
copyright (c) newsfile corp. 2020
News Provided by Newsfile via QuoteMedia
wowwwww......
are we making money yet?
ps-$7 dollars within 3 months?hi option premium says highly likely.
Citi Says Bear Market Rally Since March "Driven By Short Covering"
"equity rally since March lows has probably been driven by short covering, given the $120b outflows the asset class suffered over the period."
https://www.zerohedge.com/markets/citi-says-bear-market-rally-march-driven-short-covering
best for the last.....
10k:
"As of February 29, 2020 and February 28, 2019, we had a backlog of approximately $775,000 and $240,000, respectively, in unshipped orders."
or
we have a high probability topline of $1.0 million next q,taking out the $25K accounting expense,eps should be about 1/2c+ or pe=4-.Cost of sale of 55%(gross margin of 45%,2019 historic average) is used for this calculation.
wild card:
"Cost of sales and gross profit percentage. As a percentage of sales, the gross profit margin during the fiscal year ended February 29, 2020 decreased to 45% from 48% due to product mix and timing of significant sales. The Company believes that the average gross margin percentages overall can decrease to a range around approximately 40% in the foreseeable future."
I also saw it in the 10K.....
"Audit fees. The audit fees in fiscal 2020 and 2019 $75,000 and $69,900, respectively, related to the audit of our consolidated financial statements, and quarterly reviews."
or
between audit fee and accounting fee,it is most likely be above $100k+,almost 1/2c eps per year.