Romans 5:8 But God demonstrates his own love for us in this: While we were still sinners, Christ died for us.
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Could gap to .02 imo
Huge revenue news!Transportation and Logistics Systems, Inc. Announces Preliminary First Quarter 2020 Revenues Increased 49% Over Same Period in 2019
Organic Initiatives and COVID-19 Spur Growth
WEST PALM BEACH, FLORIDA, April 28, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Transportation and Logistics Systems, Inc. (OTC:TLSS), (“TLSS", or the “Company”), a leading eCommerce fulfillment service provider, announced today that its preliminary first quarter revenues for the period ended March 31, 2020 increased by approximately $2.8 million, or 49%, to approximately $8.6 million, compared to $5.8 million in revenue reported in the same period in 2019. The Company advises that these numbers have not yet been reviewed by its auditors due to the pandemic and may be subject to adjustment.
John Mercadante, TLSS Chairman and CEO, indicated that “the increase in revenues was primarily attributable to:
the Company’s expansion into new markets in Florida, Georgia, Ohio and Tennessee during the Fall of 2019;securing new sales opportunities;a full quarter of its box-truck line of business that commenced in February 2019; and,greater demand for the Company’s services due to the increase in online ordering as a result of the COVID-19 pandemic.
Mr. Mercadante added, “As the Company continues its aggressive restructuring efforts to reduce debt and streamline its overhead, our highly talented operations team, that has extensive eCommerce experience, is keenly focused on generating new, higher margin revenue. Moreover, we believe that the Company has successfully built an operational flexibility to quickly respond to new organic growth opportunities and is well-positioned to capitalize on the growing eCommerce revolution, as evidenced by its:
one-stop shopping through our last-mile, mid-mile and line-haul capabilities which we believe is a very attractive portfolio offering to new potential customers; three (3) warehouse facilities located squarely in the middle of the most densely populated portion of the country in the New York metropolitan area. This affords TLSS with significant warehousing and third-party logistics opportunities, especially since, as delivery speeds increase, distribution is moving closer and closer to the end user; and,a hybrid employment structure which affords TLSS the ability to scale rapidly during seasonal spikes in volume, without incurring excessive costs commonly associated with a short-term ramp up. The Company accomplishes this by strategically utilizing employed drivers to fulfill our daily commitments and independent contractors to flex up and back down during seasonal spikes in volume.”
The Company’s final financial results for the first quarter ended March 31, 2020 are expected to be announced in mid-May 2020 and will be filed in its quarterly 10Q filing with the SEC.
About Transportation and Logistics Systems, Inc.
Dear Valued Shareholders,
For Transportation and Logistics Systems, Inc. (the “Company” or “TLSS”), 2019 was a year of both encouraging developments and several challenges.
Revenue more than doubled during the year, reaching $32.0 million, compared to revenue of $18.1 million in 2018. These gains reflected the Company’s expansion into four new states and a large increase in volume from our primary customer, Amazon.
8 million first quarter and over 32 million last year lol can you say multi dimes and quarters coming
Yes sir! We start our huge move today TLSS
Boom told ya news coming
190 million in volume with approximately 20% in dilution is 38 million. The OS is probably 40-60 million imo
TLSS huge 8k yesterday, on news watch this morning
About 50-70 million
No alps or Paul today, great sign
News is dropping tomorrow imo! Historically they put Tuesday news. Today was an 8k tomorrow we get news imo
To be honest I've only seen gled on huge otcqbb movers
Pure speculation but the company usually drops news on Tuesday, I'm expecting a huge move into close
Need to get through .016-.018 range for full breakout. It's coming TLSS
TLSS breaking out
Does that factor in 32 million in revenue?
32 million in revenue last year and a forgivable 3 million government loan. Where does this put our market cap?
Not too surprising, many posting they are flipping .012-.016 for decent gains. They are playing that channel while CFGN and Paul were selling. Dilution has decreased significantly and will blast through .02 once traders realize selling is at the end. .06+ is possible this week
Trading very well this morning
Remember 8k from earlier this month, we did 10 million in 4th at and 32 million in 2019
That was an 8k too, nothing better than an sec filing
No ttrades
The volume decrease is a huge sign we are near the end. .05-.10 is not out of the question next week imo
Huge move coming 5 milly bid in
Dilution has significantly decreased which is a huge sign imo
Bottom is confirmed here, should run past .02 today imo
Been watching like a hawk all week, no doubt dilution is nearly finished.
Added finally, we look like we are ready for breakout
MMS taking bids out already. Dip then rip
Let's see what Paul and CFGN have to sell out there gate. Hopefully they let it breathe today
He's actually trying to be informative on the dilution. He was asked a question a couple days ago and was kind enough to dig through the filings and give an explanation of why the dilution was so heavy. Just letting us know the facts
Thanks for clearing that up, very informative. Need to dig in to note conversions a little deeper.
Otcx,paul,cfgn just missing alps on the ask the whole party
80% discount is crazy
Nobody knows the OS officially. Some say they received an email from the ta stating 500mil. Idk all I do know is the full ratchet warrants are in play and the lower it goes the more they get. Float at this point is probably 30-50 million imo
That was just an example. I don't know exactly how many shares they have but if they had to raise the OS to 500 million then it could be significant.
The full ratchet warrants he's referring too let's us know that the lower the price the more shares they get. That's probably why the raised the OS to 500 mil because they didn't know how low the share price was going to go. At 2.50 conversion price down to .01 they could have started out with a million shares now they have 250 million because of the warrants
Thanks for the breakdown. Sounds like they can be extremely brutal.
How do the full ratchet warrants work?
I don't have a clue what to make of this situation
.02 break?