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1234... I think there's a good chance you might be right. The volume traded just doesn't seem high enough to suggest a great deal of dilution is going on.
For example, on may days, we seen trading levels less than 500,000 shares... and a high day is about 4 million... maybe even 6 million shares traded on a couple of days. So, let's assume an average of maybe 2.5 million shares traded per day - which I think is actually high. Over a month - about 21 trading days on average, that works out to 52.5 million shares in total traded... and not all those shares can be purchases of shares from Streamtrack's debtors.
So, bottom line, I'm not panicked... yet. ;)
My fingers are crossed... achievement of profitability would be awesome news!
Now that's interesting... 2 sales of 1.5 million shares each at .00365 and .0035 respectively. Looks like we might have another player adding to their position.
Hopefully, that will all come out in the next 10-Q.
Good luck to you. You might as well get them while they're cheap. But, selfishly, I hope we can't get these low prices too much longer. :)
That is the $64 question. This should be the third quarter in a row of good financial news. I've always heard three positive quarters is what investors are looking for. So, hopefully, this quarter's announcements will move the stock positively and with better PPS sustainment.
That's a good point. What would you like to see Mr. Hill/ The Company do? It seems they are locked into their financing with Redwood for now.
Wow! Somebody's trying to buy a whole bunch of cheap shares. CSTI has 1,584,600 shares posted on L2 for sale on the bid.
Nice! I like Michael Hill's attitude! It shows he cares. Someone in Southern California should take him up on his offer to visit their company and report back to us. I'd love to hear about their facilities, IT infrastructure, and development and testing operations... as well as their partnership, sales and marketing goals that they are willing and able to share.
And, somebody bit and took 83,000 off their hands at .0038.
Oh well... more cheap shares for the Longs.
That's very interesting Kid Biscuit. I'm glad you caught it and sent the info on to StreamTrack. I could imagine there are any number of competitors who would like to see StreamTrack's listener numbers to slow down or not be properly documented.
Looking at L2, it appears that we have three low ball orders of 100,000 shares each (.0038, .0033, .0031). Got to wonder if we don't have some shorter trying to make a spread on a 300,000 sale that occurred earlier this morning at .0041.
1234... I suspect the CEO was advised by his legal advisory and management team to lay low for until there's something to talk about. He was answering quite a few emails there for awhile. But, we do know from his emails that they are about to make significant changes to their applications interfaces... particularly the mobile applications, as he actually sent me and others some of the screen shots.
I suspect once they release the 10-Q, and once they have their new applications completed, that we'll start to see more communications from the company. Until then, we wait...
I'm sure StreamTrack's executives saw Redwood as a lifeline with some admitted risk. They converted out of their debt with Asher, eliminating an immediate dilution threat, in exchange for six months of new financing before they have to deal with Redwood's convertible debenture.
In the meantime, we know their listener base is growing, as are their revenues per listener hour - increasing from an average of .093 cents in calendar year 2013 to .127 cents for the two months following release of their UniversalPlayerTM... an overall 35% improvement in revenues per listener hour!
In short, their listener base is growing, and so are their revenues received per listener hour.
Business is about risk. Without risk, their is no investment opportunity. The Longs here are hoping Mr. Hill and his team are making the correct risk-reward decisions. We also know there are folks shorting this stock... and they obviously hope Mr. Hill and his team get it wrong, and Redwood eventually converts their debenture and dilutes the stock.
Time will tell who is on the correct side of this investment.
AIMO,
1234... the low PPS today doesn't bother me. Absent any news, I suspect Longs are still loading while the prices remain low. I know I was.
GLTA,
I wonder why Asher had to report this information? Perhaps it was part of their settlement agreement with StreamTrack?
Where is everyone this morning?
We're getting close to when the CEO will release the 10-Q. Based on what we've heard and seen so far, it should be a great announcement. GLTA Longs!
Now who does that... sells 80,000 shares at $.0043 when we've had a whole morning of hitting the Ask with increasing PPS? Even if they bought at $.0039 last week, they made a grand total of $30 - before fees. Crazy!
This is not a stock to flip and make money on. It's only a Long's play... until we have real news from the company that will drive volume.
AIMO,
Thanks 1234.... much appreciated. Happy Fathers Day to all Fathers invested in STTK.
As an example, I've sent Mr. Hill two emails in the past two days on this subject. It's not that I want to bury him in emails... but he needs to see that we have a number of Longs invested in this company, who are paying attention... and we need his help to protect our mutual investments.
It's to his benefit, and those of his employees as well, to keep the shareholder community properly appraised of the company's efforts to resolve their debt situation... in order to stop the downward spiraling of the PPS - which will only get worse as the number of shares available for dilution will increase with ever lower share prices.
Michael Hill has claimed in several emails that the ASC Recap situation is addressed. I would encourage everyone to write him and ask for a Press Release or SEC Filing clarifying the situation.
Here's my two cents...
RadioLoyalty is doing just fine, their customer base is growing, their ad revenues are growing. I expect to see the same going forward. Perhaps they can achieve overall profitability with this piece of the business on its own.
RobotFruit is a development tool for advertisers. Here's their description of it's capabilities:
Here's my two cents...
RadioLoyalty is doing just fine, their customer base is growing, their ad revenues are growing. I expect to see the same going forward. Perhaps they can achieve overall profitability with this piece of the business on its own.
RobotFruit is a development tool for advertisers. Here's their description of it's capabilities:
That's a very good question. There still has to be some cheap shares coming into the OS... but as 1234 has implied, I don't see how it could be 10s of millions of shares... the trading volume hasn't shown that to be the case. There may be a few flippers playing with the stock at these low rates... but I have to think there's also a lot of accumulation still going on by the longs.
AIMO,
It's interesting to me that VFIN has put out a bid for 100,000 shares at .00021. Who do they think has that many shares for sale at that price?
How does one STTK share at .0037 get traded? I just don't get that. All the other trades surrounding it are rounded off to the nearest 100th (i.g. 15,600, 10,000, 65,000, etc.)... so the single share trading by itself is a real outlier.
Thoughts?
loadnlock... well said!
Wow! A T-Trade of 3.167 million shares at 16:02 PM. Total volume of 8.821 million today.
pickit... you kind of have to wonder if one of their competitors is shorting them in order to make their cost of capital exorbitantly high. Or, maybe even a potential buyer... who wants to keep prices low while the company gets its products released.
Oren... the last published OS was 82,823,357 shares of the Issuer’s common stock outstanding as of April 29, 2014. I don't know the Float...
Perhaps with the thin trading we had yesterday, and on many other days - waiting on new news, the Market Makers have had no choice but to short in order to make a market... and make any money themselves.
I don't know. It's been weird for sure. How does a company that is clearly demonstrating customer and revenue growth, solid reduction in expenses, and advanced technology and new business announcements, continue to trade at low levels that are not commensurate with its real market value.
I look for the next quarterly Report (10-Q). If revenues are again up, and significantly up - as we expect them to be, that will hopefully attract many new investors, and increase demand above this threshold that has prevented the stock price from increasing.
Are Market Makers still allowed to Naked Short a Stock? (e.g. Sell short without first borrowing the stock?) And, is it even allowed for a Penny Stock?
Dry... here, copied below, was Micheal Hill's rebuttal in an email sent to me the last time I asked him about the comments you were making. I haven't heard anything has changed. Have you?
loadnlock... I think you may have misunderstood my comment. I do believe the next 10-Q will bring great news on the revenue front... and hopefully, that will start bringing in new investors.
Like King Koopa, I'm a bit disappointed this stock didn't get more traction on this last technical PR. I think the issue we have here, is not enough people understand StreamTrack's business model nor technology. Maybe its not sexy enough yet.
However, increasing revenues and profitability will eventually brings folks in. Like King, I wish we were trading over $0.01... as this stinks to see the company, and our shares, undervalued as they are.
I'm hoping a decent earnings announcement will do the trick.
Regarding "T trade. 165k? .0062"... Definitely weird!
Windsortrader519, I'm definitely hoping you're right. Given the timing of the recent press release, that could suggest someone is interested in acquiring their technology... by acquiring a large share of the company's Float.
Actually, I hope that's been in play for awhile now... evidenced by the previous large after hours trades that occurred when the stock price was lower through dilution.
Question... I'm looking at L2, and I don't see what makes you think there's an after hour trade setting up. To me, it looks like a light trading day. What are you two looking at?
Thanks,
I was thinking the same thing when I saw the 3.126 mil Form T trade last night.
The blue colored "Quote" is what the CEO told me about himself.