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Yes you too... Almost weekend
With the massive wall of 35 millions of shares at ask, the stock price went up today with 25% to 5...
At the end of the day the buying volume was much higher than the selling volume.
The stock was pushed down to 4 with only "20.000" shares, so value of $8 ! Just to get the 4 at the end of the day....
https://www.otcmarkets.com/stock/ABCE/quote#trade-data
It is a bit strange, but it seems that the bottom is indeed higher, around 4 now..
More news is pending, but when it gets out? no clue.. not today, maybe tomorrow or next week, ....
That are conclusions made after all happened, so based on passed events/stock prices....
I agree their is some dilution happening, a lot more in the past.
But with a dilution even today it is back to 6 now, maybe many are buying at 4 and selling at 6, 50% catch....
It could happen, but 3 days higher volume till now is good.
For the moment back up to 5....
Now it broke to 6 :O That is good for the uptrend...
Maybe some news soon, like some said the other 2 reports yeaaah
Ok but multiple bigger buying volume is coming in... so not only you :D
Same volume as the whole day yesterday!
It seems more buying is coming now, it turned now to "buying volume" with already 65 million shares !!! :O
No worries... they will catch up very soon...
The good news is that new reports will be coming..
The Q1 soon, thereafter the Q2.. maybe later, maybe not.
All those presumptions based on the late filing because of changing to an accounting firm that didn't deliver the reports in time...
Another good thing is the current accounting firm delivers the reports...
So they gave us the good news that we didn't expect to come! Thank you !
Really 2 reverse split of almost 2 years ago and more ?
While revenue is much higher than at that time ? Their results started to improve from 2016 ( yes 2019 not good because of restructuring )..
We need to have more news and information to know how it will go in the "future", stock prices are based on the future outlook...
and suddenly the dumpers are back when it goes "slight" down too...
We have to wait and see yet... Till now it is the profit takers ( it is 3rd day). But if it goes up after, then we have an other story... but the chances are not big yet.
No clue if the run is over, probably still going up, if news even more.. who knows..
But don't use old information !!
And your information of reverse splits is incorrect !
And this is almost 2 years ago...
Dividends & Splits
SPLIT DATE SPLIT TYPE SPLIT RATIO REC DATE PAY DATE
12/21/2018 Reverse 1:20 — 12/21/2018
shs decreased by 1 for 20 split
01/13/2017 Reverse 1:10 — —
More info : https://www.otcmarkets.com/stock/ABCE/security
Q1 and Q2 everybody knows it will be bad... that was "already" in the stock price at 2 ( not 1 !! ), for all companies you have to look to the future quarters, those are still insecure, many business started to open again, almost no lock downs anymore.. everyone is adapting
ABCO Energy never published fake news
they published the reports ( this time to late because accounting firm didn't do its job ),
they come out with news of REAL sales,
they come out with the notes, also the paid back ones...
But you know also that is already "known", stock holders/people expect it will be bad..
More important is Q3 and Q4, if it is improving
The volume is good today, till now still buying volume. 2 days in a row would be nice to start.
Note: Almost the same volume of yesterday ( not even 2 hours )
I am not wrong look from 2016 - 2018, yes 2019 is the transition year like some said.... incredible how to turn it around while we only have that news since friday, before same wrong arguments
That is true... I said it already many times, look at operational loss, since 2016, getting better and better.
Now beginning of the year they did a clean up of debts, buy building for optimisation for later on and they bought a profitable HVAC company.
But the company was hit, like many other companies, by corona, but still in end march they posted that they adapted them to it for doing business etc.
Which was in the beginning of corona in USA
Because some sells of 1 million ?
Last month they claimed that too, there was almost no dilution, months before yes.. but still great and the "float" is what counts..
Yes that means they got the HVAC company which was profitable. But only in numbers of 2020
And the news is not so good, but stock price reflects future... so I have no clue, should be better after corona, or maybe they will release sales news !
Back at 7 with 165 million... let's see what happens..
True.. but that is like those saying, don't buy, bad company...
higher ask at 6 suddenly, low 7.. let's see break it
It is now up again at 7 with 121 million shares... run is not done yet..
Of course they have to use it for the payroll.. So meanwhile a cost less , right ?
Of course that is interesting...
Hopefully the Subzy doesn't post after they are loaded already :(
Like a couple of members stated a couple of months ago....
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%.
So they had the note in the beginning of the year for 9 months...
But they got another $124,099 as "corona" loan, with interest rate very low. This is the good news for the notes that was going to expire
As of December 31, 2019, we operated in Tucson and Phoenix, Arizona. The Company’s plan is to expand to more locations in North America in the next year as funding becomes available. We believe that the solar and energy efficiency business functions better if the employees are local individuals working and selling in their own community. Our customers have indicated a preference for dealing with local firms and we will continue our focus on company-owned integrated product and services offices. Once a local firm is established, growth tends to come from experience, quality and name recognition. We remain committed to high quality operations.
We were unable to timely file this Form 10K in part, because of the COVID-19 related issues. We have now adjusted to this situation and expect to be timely with our financial reporting. We do not expect to experience any significant challenges to implementing our business continuity plans nor do we expect COVID-19 to materially affect the demand for our services nor do we see any material change in the relationship between cost and services.
They didn't really dropped the 8K that is why it didn't go much higher.
They announced 2 days ago that they stopped the new accounting firm, they didn't deliver the reports ( like 2019 + Q1 2020 ) and yesterday they announced to have already a new accounting firm doing the reports now...
So still waiting for the actual results..
Be more honest please.. This just happened since may when they changed to another one, but the accounting firm didn't deliver..
The movement are most of the time linked with news.
Some company news like new sales or a report coming out via the SEC.
The reports lately are just informative with delays, changing accounting firm, and 2 days ago new accounting firm didn't deliver reports, yesterday they already too another accounting firm to do the reports...
Which reports ??
Full year 2019 ( with last quarter 2019 of course ) + first quarter 2020
We are at 5 now ? Nice going up, I didn't expect this run up.
But what me surprises the most is the high volume 135 million already ?
More informative news out later on, hopefully the results too
Wooow they were very fast to change to another accounting firm ! This is really good news, this only means the reports will be out sooner, when ? No clue !! Slight good news
https://sec.report/Document/0001185185-20-001082/
"ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
New independent registered public accounting firm
On August 5, 2020, (the “Engagement Date”), the Company engaged Slack & Company CPAs, LLC (“Slack”) as its independent registered public accounting firm for the Company’s fiscal year ended December 31, 2019. The decision to engage Slack as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors."
I agree, they will post the reports it will go up for sure.
BUT like I always said: this time just for a short ride up, like previous times, probably even higher.. after it will go slowly down again till the next quarter results
I agree on the part that the bad part is no reports for coming month or more...
The stock is has a big support around 2/3 now since weeks...
Now we will see for extra news.. maybe or maybe not!
Sorry I don't agree about the dilution anymore....
Look the statistics updated, not even higher since a month Yes I know before they did it for many months, if they were a bit clever they could have dumped less shares with slight higher price
NEWS out... but not positive nor negative.
The new accounting firm couldn't deliver the reports
The company lost 3 months because of it, but ABCE did change so late of accounting firm too... Not clever of them....
ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
Previous independent registered public accounting firm
(a) On August 4, 2020, ABCO Energy, Inc. (the “Registrant” or the “Company”) notified TAAD LLP (“TAAD”) that TAAD was terminated as the Registrant’s independent registered public accounting firm for failure to deliver the completed audit and the report of TAAD on the Company’s financial statements for the year ended December 31, 2019 and for the period then ended in a timely manner. There were never any discussions with TAAD about whether sad report would contain an adverse opinion or disclaimer of opinion, and such report was not qualified or modified as to uncertainty, audit scope, or accounting principle.
From May 7, 2209, until August 4, 2020, the Company has not had any disagreements with TAAD on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to TAAD’s satisfaction, would have caused them to make reference thereto in their report on the Company’s financial statements for such period.
From May 7, 2020, until August 4, 2020, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided TAAD with a copy of this disclosure set forth under this Item 4.01 and was requested to furnish a letter addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements.
The letter from TAAD will be filed by an amendment to this Form 8-K attached as Exhibit 16.1.
The Company expects to engage a new independent registered public accounting firm in the very near future.