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Finally, Searchcore is going to upgrade its own website. They welcome your constructive suggestions and even vounteer work. It will be done by the end of May, 2014. My best, no one.
ZXTOOLBOX:
Carefully read the annual report and I think you will agree we're headed up now. Also, note that (if memory serves) there are 103 holders of record of SRER. It's OUR company. I skimmed the report, and need to read it in detail, but I was not convinced by the explanation of why SRER would suddenly branch off into a bricks and mortar business in a highly-competitive market (selling manufactured homes from a company in Australia). For your convenience, here is a link to the annual report for 2013: http://www.discountedgar.com/data/srer/filesUploaded/srer10k123113.htm
I'm still appalled at the terms of at least one of the loans - I would have lent them the money myself on better terms than the ones presented (if you don't see this in the annual report, check prior filings - sorry, don't have a link, just remember commenting on one of the pressers. (I'm the only one who comments, it seems).
I now own 115,000 shares. Still think that with GREAT AND PROFESSIONAL MANAGEMENT SRER will succeed in becoming profitable with income generated from services, rather than sale of assets (Weedmaps). (The Weedmaps sale was a one-time event that temporarily made SRER look like a much higher earner than it really has been in the past five years.
My best to one and all, and please, is there anyone out there who'd care to have a serious chat about this risky but intriguing company?
Cheers,
Merry
Sentiment: Strong Buy
I also posted on Yahoo
Wisdom Homes doesn't seem to exist yet in either Rhome, Texas, or in Oklahoma. Can someone provide the mailing addresses or at least a copy of the first page of the lease?
And where is SRER going to be getting the money for these new businesses?
I looked over the repayment terms on the Asher loan, and they're just fine if Asher is old-fashioned Mafia.
I would lend SRER the money on far better terms than Asher did - IF, however, SRER could demonstrate it has the collateral for the loan.
I am just a small individual investor who now, foolishly, owns 110000 shares of SRER.
Value other opinions based on EVIDENCE. I ignore the hype, insults, and "screaming" posts.
Merry
Hope this stock has hit bottom and is on its way back up. It has a PE and eps and it's an American company with track record so I don't understand why it's a penny stock. I bought some more today..
I'm being either a genius or a damn fool. I've been buying down to $0.07 and up again. I have 101,000 shares. I'm half down because I started buying when the stock was much higher. SRER would have to climb back into the 0.20's for me to break even. I'm kind of concerned about SRER suddenly branching off into recreational vehicle sales. I thought that computer advertising was their forte, and was looking for another success like Weedmaps. But leasing a place in Texas, changing direction - that seems like a huge risk, especially in a very competitive market. Where is the funding going to come from for the lease, president's salary, and all the other things that will go into starting Wisdom? Will SRER take out more loans? Will they further dilute the stock? Remains to be seen. The company provides little or no information, and this board and the one on Yahoo are almost never used for discussions. My best to all. Merry in WA State, home of the Seahawks!
Practiced what I preached and bought 15000 more shares today at 17.00. I bid 17.25 and lucked out. Now I own 30,000. This is clearly a purchase where I hope I did the right thing. I did VERY well with SIRI and Groupon, but screwed up with FSLR and some other stocks, so please, do your own research. I will not post again for a long time. I'm disappointed to have received no responses, so I assume this isn't the best board for following this stock. (Any suggestions for a more active message board?). Thanks, herronisland (a real place, in WA State, US)
9/9/13 Today's press release is encouraging, but I wonder why the volume is so low. If I could afford it, I'd buy more (I own 15,000 shares with a sell order of $1.00).
Here's the press releae:
http://finance.yahoo.com/news/searchcore-announces-video-marketing-program-120000533.html
herronisland
I believe that SRER is near the bottom and will now rise, albeit slowly, for the foreseeable future.
Although SRER apparently had to or wanted to sell Weedmaps.com to fund their other ventures, they succeeded in building that website and I think they'll succeed with their other new sites, such as Tattoo.com. I see smaller businesses - ones which can't afford keywords on Google etc. - being their initial subscribers, to distinguish themselves from the mob in ways that are no longer possible without paying big bucks for web advertising. .
I'm also encouraged by their recent financing. To me, that means a company examined their books and liked what they saw enough to lend money.
I'm going to stick with it, and maybe buy another $1000 worth at these levels.
Be aware, this is a very high risk. Do not buy shares with money you can't afford to lose.
Ah, the delights of being single, and not sharing finances with anyone!
My best,
Merry
I posted this on Yahoo, too:
I bought another 140 shares (DON'T LAUGH!) this morning at $2.85. I now own 450 (DON'T LAUGH!). I consider this a risky investment and couldn't afford to buy 190 so I'd have a round 500 shares. I'm going out further on a limb then normally on a penny stock, but I think this stock is going somewhere - and I'm female and am looking forward to (well, "looking forward" is a bit strong) -- hoping that my OBGYN will use this on my future paps. Then I can report back to this board!!!
Merry
It could be a bad thing if the Board Chair (or anyone else) is masochistic and suicidal, or has a bad gambling addiction.
Since there's no evidence to support any of the above, it's more likely to be a good thing. A $100K purchase shows real faith in the company.
That size purchase, combined with any evidence we can find that the Board Chair is a wise person who makes well-thought out, planned, and researched financial investments, would give me confidence in adding to my vast holdings (currently 310 shares - I don't have very much money to put at risk.)
So, does anyone have good background info on the Board Chair? Does he have a good track record? Is he smart and savvy? Does he know how to lead the company to victory? I haven't done the research myself - if any of you have, please share.
Meanwhile, I'm going to throw caution to the wind and buy 90 more shares if I can get them between $2.50 - $2.60. If I had a lot more money to put into a high-risk stock, I'd do it with this one.
But I acknowledge that I haven't done my due diligence - I'm going with the story so far.
Merry
Washington State
I hate writing that includes stupid, ancient legalese like "herewith." There's absolutely no need for it!
A ranting attorney.
LOLOLOLOLOLOL!!!!
You should publish this somewhere besides here!
PRVB - what would you suggest to wait for in price if I want to buy just a small amount (say another 200 shares?) I don't have much money to invest.
Thanks for your thoughts!
How come there are hardly any posts on this board? The only other one I know of re: CYKN is on Yahoo. Is there a better board for CYKN?
Thanks
LOL!
I'll close my eyes and cross my fingers.
Or, perhaps I'll cross my eyes...
Merry
Thank you!
Merry not Mary
:)
Hi from Washington State. I know you're all going to tease me, but I don't have a lot of money for risk investing. Thus, I just bought another 700 shares at .28 and now own 1200 (ok, stop laughing!).
I don't understand all the terminology on this board. For example, what does "RS" mean?
I'd also like to know whether the reverse split being discussed is a done deal or just wishful thinking. I'm afraid that if there is a reverse split the price will drop a great deal afterwards because reverse splits are usually looked at negatively (am I correct?).
I plan to hold onto my 1200 shares for a few years unless things really go south.
Thanks, and hello!