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Take a look at the q3 10q. (Last filing before the q4 netcapital "catch up" adjustment).
Roughly $120k of revenue. Now tack on the $20K/month of netcapital units that they can recognize as revenue.
You're at $180K.
Looks like they added four-ish new customers to the contract base, which would likely add another $60K.
Now you're at $240K.
But we don't know if there was any drop off from previous customers. So take that $60K from new customers off and set that as your low point.
Now the low estimate is back to $180K.
Mid estimate is $240K.
Stretch estimate would be another $200k in one time revenue showing up (either change in netcapital valuation or an arm's length transaction for one of their other holdings allowing them to recognize revenue).
Anything is possible, but I'm not expecting them to hit $700K in revenue this quarter like they did in q4.
$240k in revenue would be 100%+ growth vs. q1 prior year.
Just don't want people getting all pissy if the 10q doesn't show an enormous run rate.
Correct. Notice the 4 million share ask wall that got thrown up as this approached $0.013?
MMs can't have this break up that fast on low volume and no news. The crash would ruin the stock for weeks.
I'm long and strong, but record earnings isn't happening unless you factor out one time netcapital revenues from q4.
I'm guessing revenue from the quarter will be $150 - $250K.
Yep. On my watch list. I'll follow the volume back here.
Good luck!
Investor call is on the 25th. Means we should get the 10q around the 23rd if history serves as a guide.
Interesting that the stock ran up 25% the same day the call was announced.
I actually think this has another run in it. Low float. Needs news.
Feel bad for anyone who got shaken out in the $0.009's
What was that about driving it down to $0.004 and then riding it to $0.01?
Bailed yesterday. Hope this goes on another run for you guys.
Liquidated my remaining shares this afternoon. This might go for another pump run, but it will have to go without me!
Ouch!
LAHO suspended?
Relax. It's a joke!
Found the ask wall guy!
I'll bet Costello shovels some turd in here. Definitely not a billion dollars in hedge fund assets (which he wouldn't own anyway).
Maybe a few grow facilities. Has to be something that gives him plausible deniability when the SEC starts poking around.
Pretty sure a few grow facilities MIGHT support a market cap of $5-10 million dollars.
Which means this has a long long way down to go.
Suspension? Definite possibility. Empty shell with no revenue or assets runs to a $350 million market cap in eight weeks?
Can't imagine this isn't on the SEC's radar.
No amount of pumping would fix that outcome.
You know what would be funny? If Costello bought another shell for $300K and dumped his assets into that. Really nothing stopping him from doing that.
The market cap at $0.0105 is $7.8M. not exactly blowing anyone away.
And we have thoughtful discussions here all the time. You don't seem to be doing much more than asking passive aggressive leading questions.
Tell you what - go read the public filings, PRs and company Twitter posts and then come back with specific concerns.
If you can't get over the valuation of netcapital investment units at $913 a unit, then we don't have much to discuss do we? Especially when your contribution is "well, I think it might be lower than that"
Dynamite analysis.
Lol. This lost $37 million dollars last year? And cash is down 50% from prior year?
Who's buying this garbage?
Why is it that multiple people respond to Rosie's PMs in public?
Care to link to proof of the guy showing that he owns 100M shares? Why wasn't he listed in the 10K?
Oof...logic...gets you every time.
Steven Ross is either involved or he hit the absolute lottery.
Imagine the luck - you run a pump scheme back in 2012, get the price up to $0.61 before dumping back to $0.003. then,7 years later, some dude buys 55% of your company and runs the price up to $1.21!!!! And you still own 25 million shares!!!!
That's what they want us to believe about Steven Ross.
Yes, people made money here. But this is a joke.
Steven Ross, one of the guys who ran the original P&D on this ticker back in 2012 is now worth $31M on paper.
As of the 10Q, this guy owned 25 million shares (roughly 10% of the company).
Costello has claimed that he has no idea who Steven Ross is. Even though he's listed in black and white in the 10Q.
And yet, Costello has the time to go on other boards and pump other tickers.
This is such a joke.
Costello is a joke. Just look at where this ticker is heading.
Lol. Costello invests in this turd and it tanks. Guess DCGD is next!
Anybody else notice the $280K in deferred revenue on the statement of cashflows?
Isn't that a pretty good indication of things to come?
Someone purchased a significant block of netcapital investment units in an arm's length third party transaction. That is what allowed valuesetters to put a value on their earned investment units and write it onto the balance sheet. That's as good a measure of valuation as any.
Each of these women has an ivy league background with decades of experience. Working at a large company, they could easily pull in $200k - $500k per year in total compensation. I find it very hard to believe that they would spend three+ years of their lives in a complex scheme to sell their 20 million shares between $0.01 - $0.015. not exactly a great use of anyone's time. Hell, my RSUs (in the company I work for) are worth more than this CEO, and I'm just an Excel jockey.
What's the gross dollar amount of investments that they had on the balance sheet in the 10k?
I believe the value of 1 unit of netcapital is just under $1k (from the footnotes). Should be able to back into an upper limit on the number of units of netcapital from those data points.
Almost fell out of my seat when I saw that he was posting on other boards.
This is getting nuts.
Honestly, that's what this comes down to. You either believe the 10q will have similar results as the 10k or you don't. MMs are trying to force some trading here (they don't make money when the ticker sits), but I just don't see this moving out of this range until we get news - either the 10q or something else meaningful.
Ironically, I think this would trade better if they just let the price move up. I'm guessing that most longs wouldn't even think of selling down here.
Pretty sure the clown confirmed it was his account the other day.
Who the heck even knows what's real around here anymore.
If that is his account, would you think it's weird that he's posting?!?!
Lol. Now Costello is posting on other boards. I'm sure lots of guys running billion dollar hedge funds have time to play on i-hub...
Thanks for the shout out. I'm surprised you still have any cash left to invest after some of your recent trades. Did you get some birthday money from Nana?
Lol. Looks like the clown show is in town. Back to try to make another whole $250 flipping?
Remember when you announced to the board that you were dumping a whole 25K shares (guess you had to get that money back in mom's account before the weekend). And then the price immediately rebounded three seconds later? Lulz.
Oh, way to private message me and then immediately block me before I could respond. Super impressive.
Agreed. If someone actually wants to dump shares, setting up a 1.35M share ask wall is the worst way to do it. NOBODY is buying into a wall like that. You would set up a bunch of smaller orders and let buyers nibble on them (see any of the current big board dilution pigs for examples).
No, those ask walls are there to cap the price. Many different reasons why a person (or MM algorithm) would do do that, but it's almost certainly not someone who actually wants to sell those shares.
I think we picked up a lot of new longs today around .0101 - .011. I added a bunch of shares down there, but the new people that found this ticker because of the pricing action are important. A healthy ticker needs a little bit of buzz.
And your deathstar trade was a power move. Highlight of the week.
He dropped a whole 25k shares! Total clown.
Holy crap. Green!!!!!!
Made yourself a whole $250. You can move out of that basement any day now!
Wake up!
Anyone seen longface?
10q is due out in a couple of weeks. 10K had absurdly good results. We're all hoping for a repeat.
Welcome to the party!!!!
In the Empire Strikes Back, the rebels get their butts kicked, but are set up for the big win in "return of the Jedi".
I'm not slapping the ask. If they want to sell me shares, they can sell into the bid.