Movin' on up!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He is all in
And who better than the CEO to look to for guidance as to when to buy. I feel very comfortable with this investment at this time.
Fortunately
I took the crumbs of this and bought ELYS between $1.50 and $2.40. That one has brought me back some but this stock has really been screwed by the pandemic and such an aggressive growth strategy that they had nothing to fall back on in a catastrophic event like this. My sin was falling in love with the stock and not selling when I knew I should.
Thats true
I was thinking more of the effect on shareholders generally in terms of trading.
The insider buying
At this level is akin to a larger company doing a stock buyback. The shares are taken out of circulation and the float effectively shrinks. Great deal for us.
Based upon what we have seen recently
If we can breeze past $4.50 without stumbling too much we should be good to $5.00+. If something changes then all bets are off.
This will be at least 3 or 4 times
This float has fully traded in the last few weeks. The floor must be pretty high. Not only is it good for the current share price but it keeps the shares in stronger hands.
Haven't heard from ADHES for a while
He is a person very much worth listening to. He has a good grip on the industry and this company.
We are so far doing well
At these natural resistance points. It shot right past $4.00 for a bit. It triggered some selling but not a whole lot. Looks solid for a continued move north.
Something is afoot
This is a really nice run. This stock is finally getting traction in the marketplace. The trades are getting bigger all the time. When the 10k orders replace the 1k orders stocks explode. We are getting there.
A couple of years ago
Luca also went on a buying spree, if I remember correctly, before the split when it ran to over a dollar. He has gotten hit a bit on those shares but it is nice to see him getting back in. Our BOD support the share price and have handled the finances of this company beautifully. I am going to have to check the pre-market tomorrow and get the shares I didn't get today. This PR may move the needle.
I should have bought a few thousand @ $3.00
We'll see how tomorrow goes. The after hours action was great. This stock responded to an insider purchase like that? Some positive news will really give us a boost.
Mr. Ciavarella
Is loading up big time. Good things on the horizon.
That is what I was thinking
And all the shares accumulated at almost exactly .25 no matter the bid/ask is so strange that it cannot be meaningless. I truly believe that before long we will wake up, check our stocks, and be very happy with this one.
Website update
Southeast edibles 2020 (seecbd.com) coming soon.
I was think more about
The need to raise significant capital through a share offering. The conditions would be so onerous as to almost be a death-spiral situation. I am sure they have enough money to get by for now but he said 70k connections won't happen until summer. I hope they can recover and do well. If I am wrong I will be happy about it and may even buy back in. Time will tell.
No it doesn't
But I don't see any way around it. There is no credit market for this company with this share structure. I still like the tech, the concept, etc. The problem appears to be a management team that cannot effectively manage. When the pandemic hit this company was caught with its ass hanging out. Zero preparedness for any setback. I see no major improvement for at least 6 months or more. Any money, even at a loss, is dead money here in my estimation. I may be and would love to be wrong but I am not.
The volume died
Chiefly because this company is finding its equilibrium. We really don't know what a normal trading day looks like. The volume of millions of shares could not possibly keep going as the float is less than 10 million. The exuberance passed and now we make a floor. It is holding very nicely at $3.00. If the price was weak these small trades would be killing the share price.
Right you are Prime
On this stock I made the cardinal mistake of liking a stock instead of being clear-eyed. I knew I should have sold at $2.50 yet I rationalized, justified, and hoped to the tune of a $20k loss. It was my own piss poor trading that did it, nothing more. This company is toast. A second consolidation in a year? They are only doing it to get the price up to sell more shares. They have regressed to acting like a ten cent stock. The company has value but there are so many convertible shares out there and such a dearth of obvious revenue increases that I must bid adieu. One last thing, look at McMeekins performance as CEO of Progressive Gaming International llc. It is illustrative.
S/P holding up under very light volume.
That is a great sign. If we can stay +-$3.00 we will be ready for the next move up, most likely when we are approved in D.C. These types of days can be as important long-term as a quick run up.
Retrenchment of 10%
And the volume is waning. I am hoping that we can find a spot around $3.00 where we can further consolidate and then continue north.
Any verification
Of missed payrolls than a statement from some poster quoting another poster on another board? I am sure the people on the Yahoo board possess information that is otherwise unavailable but sometimes discretion is in order.
Indeed you did....and right you were !!!
I may do the same
If it retrenches a bit I will buy more. If it keeps going up toward $4.00 I will be content to ride this out for a bit.
The buying has gotten to the point
That it is obvious ELYS is attracting a lot more investors than flippers. This move has been quite interesting.
All signs pointing north!
This is a really solid. These rallies are so tough to time. I bought 5000 @ $1.57 two days before the first day of increases. I sold @ $2.05 to take advantage of what I was sure was at least a moderate pullback. I had to but back in @ $2.40 the next morning! Mr. Ciavarella bought 100k the next day and it has been moving every since. What a run!
Looking good!!!
It occurs to me that the tax potential of sports betting may encourage more states to accelerate their legalization efforts. Mix in the possibilities in Canada and you can see the potential is there. I believe our solid management team will put us in a position to succeed.
I thought today was a good day
We bounced off of $3.00, retreated about 10%, and finished strong. If it had further sold at the first sign of weakness it would be a bad sign. Tomorrow will tell a lot. My question would actually be why did the market value these shares at $1.50 last week and $3.00 this week. That much price movement is not an accident. We shall see.
The possibilities are endless
Imagine what it would do for ELYS to get their software working at a company like Fanduel. That is the kind of move that could take you from ascending to lifting off. I can see in the future a deal like that being feasible. We just have to stay the course.
That is the best part
I knew the long term debtcwas handled but I thought there was a trailing block of convertibles. Knowing there is none really is huge not only for share price growth but for attracting investors. Share management is such a big deal that a lack of it can really hurt. All signs point north!!!!!
Actually, if I remember correctly
Back in Feb. we were at approximately this quarterly revenue, or even a bit less, and had this share structure and we were at around $4.00/sh. Looks like we are headed back.
Actually, if I remember correctly
Back in Feb. we were at approximately this quarterly revenue, or even a bit less, and had this share structure and we were at around $4.00/sh. Looks like we are headed back.
It is actually
Just an ad dressed up as a piece of investigative journalism. I only pointed it out because crap like this lacking context and only citing worst-case scenarios can hurt a stock when it is already suffering from a catering share price.
Resistance @ $3.00?
We hit $2.93 today and the sale wasn't that much. The way we blew through $2.00 makes me think we may be able to pop over $3.00 fairly easily.
This illustrates the other perspective
How many companies have taken a stock/cash deal to be acquired by Mcloud. They have all done DD, most recently this year. Did they all miss something?
Don't forget the long term debt
The company just sold those shares and cleaned all the debt up. ELYS has no long term debt and minimal convertible exposure. There is no going concern qualification so we can rest assured that they can meet expenses for a year. Any deals would be great for us and the RIGHT deal could really line our pockets.
As demand increases the need for liquidity will follow. Then, forward splits become necessary. This is all down the road a bit but it can happen. Vaccines are at hand, series "A" in Italy is going on, the cafes will soon be taking bets.....looking up on many fronts. Let's make money!!!
The one bright spot
Is that a Covid vaccine is rolling as we speak. They anticipate wide availability by spring. If we can hang on a few more months things could look a lot different. That said, the basic anxiety we all have about this company is valid. They have to put up a lot more than vague assertions and claims of "big interest". Plus, I am still perplexed by that Building IQ fiasco. How do you give a company $500,000 without extensive DD? If it was fraud as the company claimed where are the lawsuits and criminal charges?
We have roughly doubled the share price
In about a week. This stock got really popular all of a sudden. I keep waiting for the profit taking but it just keeps rising. This is the beauty of a low float stock unencumbered by long term debt and possessing a very valuable product in an industry that just prints money. Yeehaa!!!
The beauty of this company
Is getting in at the very beginning in North America and having a solid history in Europe. The initial attack of Covid about killed Italy yet ELYS rode out the headwinds and, with just a few shares sold, are now set to grow. The finance are in order and growth is occuring. It is a real testament to this company doing things the right way. Onward!!!
That was the impression I had
Thanks