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I am in!
This guy needs some justice.
Macod,
I am in your camp of explanation. If this was a total con,
there have been too many opportunities for him to sell millions of shares into the pump and reaped a little reward.
I truly think he is trying his best to pull this off.
I am NOT purchasing any additional shares until we hear from Ward by an sec filing. INHO this lack of maintaining a fiduciary action is irresponsible. Anyone else see this in the same manner?
Link please!
Picked up more at .247
I agree. That is what I am going on as well. Need to get some sleep tonight. Just bought more at .255
I was under the impression this was a done deal with the Mexican government. If approval has not yet happened this is definitely a highly speculative investment. no?
I added through out the day between .28 and .29...
32000 and counting.
Thank you for the information. I decided to wade in with 3000 shares.
This is the deep state market vs. the PEOPLE!
Do not let them win....
Some on this thread are trying to drive it down...
Still accumulating!
This is the year or BUST.....Yikes
Is anyone out there interested in this Stock?
Or anyone with new DD?
I am looking to start a position at or around the current price. Does anyone have any input on the fundamentals?
It s a poison pill.....
I have been away from the board for a bit.
What drove the share priced down to this level???
Somebody please help me understand!
This has got "SHORT ME" written all over it. I bet the burn rate will be 30% a year.....
With all of these WEED public offerings it still bowls down to the numbers:
Current PE
Trailing PE
Forward PE
Aggregate Mkt Cap/ Net Income
Aggregate Mkt Cap/ Trailing Net Income
Expected growth - next 5 years
PEG Ratio
Therefore from the balance sheet you plug in the numbers and it tells you what market cap the company should have over the next 5 years. You then see what management is doing in terms following a growth plan. Then you decide whether to invest or not.
Unfortunately, there isn't much history in this sector so you must go conservative. A company generating revenue of 2 million dollars with negative earnings would should not have a multiple of an Amazon for example:
PE Ratio (TTM) 178.74
Like some have implied.
KAYS = PE Ratio (TTM) -3.68
Kays currently has a market cap of - 12.39M. At a dollar a share that would give a market cap of 124 million on annual in come of 2 million with a deficit of 10 million. Therefore, a negative price to earnings ratio. It would be all hype!!! No substance. Even management doesn't explain the numbers, they just put carrots out about the future.
It's all in the numbers and not in the hype. These weed stocks do not have an 80% margin. At best we are looking at a 40% margin.
So be careful and look out for the hypsters......
With all of these WEED public offerings it still bowls down to the numbers:
Current PE
Trailing PE
Forward PE
Aggregate Mkt Cap/ Net Income
Aggregate Mkt Cap/ Trailing Net Income
Expected growth - next 5 years
PEG Ratio
Therefore from the balance sheet you plug in the numbers and it tells you what market cap the company should have over the next 5 years. You then see what management is doing in terms following a growth plan. Then you decide whether to invest or not.
Unfortunately, there isn't much history in this sector so you must go conservative. A company generating revenue of 10 million dollars with negative earnings would should not have a multiple of an Amazon for example:
PE Ratio (TTM) 178.74
Like some have implied.
TRTC = PE Ratio (TTM) -6.67
It's all in the numbers and not in the hype. These weed stocks do not have an 80% margin. At best we are looking at a 40% margin.
So be careful and look out for the hypsters......
Nice pictures, can you explain the balance sheet and how you are going to reduce expenses?
Buy at .065 and sell at .085...
Only way to make money off of this scam.....
I agree with you on the stores. The only way this will survive (in terms of our investments) is increase revenue and cut expenses. Unfortunately, there are tricks that management can use to keep the company as a cash cow and we get the short end of the stick.
1. They issue a great deal of convertibles into stock.
2. They issue more stock.
3. They begin with the reverse stock splits to artificially spike the stock price and throw out press releases to attract new suckers.
4. They sell into the stock price peak.
5. They repeat and repeat until the the stock price is fractional.
Then they privatize the operation.
I have been burnt by this scenario before because I trusted what seemed to be good intentions.
You can make make money by playing there game and penny trading this stock.
It is truly sad that these guys cannot see what a gold mine they could have if they this was treated as a growing business.
Right now it would require 10 stores (grossing 1 million a year ) to justify the debt.
Well, it is just as I expected. But first of all I am glad they reported in a reasonable time frame. But the Accumulated Deficit of (10,890,446) is way out of line. I think some of it is a carry over from the bio-fuel business. But no matter what, they are spending a million million a quarter for something ?!?!?
Assets are down liabilities are:
Total Current Liabilities 2,923,058 verses a year ago of 426,941.
Folks this company has a burn rate that isn't sustainable.
I can read a balance sheet and this one is ugly!!!
You dreamers can smoke some product and look for the best in a bad situation, but this is not worth 8 cents a share.
IMHO
You are exactly right.... I was once a true believer in the CEO and his integrity. But, after seeing what is actually taking place it is like a store owner that goes into his own store and shoplifts!!!
This has all the ingredients to make all investors and management very wealthy, but with the dark cloud consultant and the Beverly Hills life style this management team wants to enjoy now, we are all stuck.
Without store announcements before the earnings release, this thing will tank. Revenue will look good, but expenses will be massive!!!
So don't look at the revenue, look at the cost of that revenue.
Anyone can spend 1 million to make 100 thousand......
Sad - sad - sad
Well, Craig better report the new stores opening before earnings. The expense side of the earnings will be brutal. I suspect the expense side will be in the 5 million dollar range. This will put the cost of revenue at an outlandish point. Of course much of this expense is for consultants and we know who the major consultant is.
If the new stores openings are not announced at the time of the earnings, we could see this back in the .07 range...
Now some will say I am talking this down, but with over 100,000 shares I would like to see management get rid of the "Consultant" and do what is right for us, the investors.
Just watch the numbers!
If you look at the expenses compared to the revenue and the then look at the cost per earning trend, you will see a company going bankrupt. Unlike the US government, KAYS cannot print money, but they can issue stock.
The only change for me will be the execution of the two new stores. New earnings report will include the usual suspects, consultant fees (who was mentioned earlier with his record as a total scam artist) and the cost of trying to get new stores opened. The report will be brutal!
So buy on the dips at about .065......
Thank you!
There is a fox in this hen house and until he is gone, this is not the place to be. These guys are not trying to create wealth for anyone but themselves. Stock pump and dump scum.....
Craig, what you sow you reap!
Hello! I have been out of the country for a couple of months and catching up on things. Everyone keep in mind what we are investing in. It boils down to two very clear and measurable points.
1. Vision
2. Execution of the vision.
The vision is a chain of KayaShacks similar to Starbucks.
So far we have two online and two in the makings.
It will require dozens to pay for the current overhead, but is is the this overhead that makes the vision.
So we need to see additional retail outlets, expenses stabilize and a cost per transaction algorithm put into place. As there are more and more transactions, the cost needs to be reduced.
Once we hit the center of X (cost going down and revenue going up), we have a major winner. Until then those of us who see the potential buy and hold. (Which I have been doing for a year.) GITA
(Good investing to all)
Thank you!
I will begin seeking this information.
You are hitting this point over and over again. So obviously this is important information. Can you explain exactly what we need to look for (inquire). Is it square footage, number of lights, type of grow lights,etc?
A penny stock with revenue and growth.....Just keep buying on dips and give yourself two years......The day this company shows any profit is the day it will go over a dollar a share.....
However, in order for this to happen, revenues must increase and cost decrease.....
Management knows this is where the wealth is, not the schemes presented by some on this board. There has been a great deal of work put into this company and it can actually succeed. IMHO
Very lucrative business. The margins can put Starbucks to shame. So, there is great profits to be made in this business. So far KAYS has produced. Only time will tell whether management is working for the shareholders or for themselves.
--------------------------------------------
With half the states in the country allowing some form of legalized cannabis, there’s no denying that the industry is becoming more and more widespread and significant.
In 2014, the year Colorado started selling marijuana for recreational use, sales totaled $699 million, but just one year later they already had soared almost 50%, with 2015 sales totaling a whopping $996 million.
http://www.forbes.com/sites/elyrazin/2016/05/18/how-retail-lows-could-lead-to-marijuana-highs/#66457b2624ec
Good analogy.
The question is, do they want to make a million;
or tens of millions.
I agree completely. Each store front is N+1. No different than any other chain or franchise. The success is in the number of operating units with synergy gained with each new opening. Not to mention the intellectual growth to the corporation.
You cannot expect profits in the first two years with any enterprise.
With the same running rates as experienced in the 4th QTR, four stores should gross 4 million annually. Based upon the current expense ratio, there might (MIGHT) be a new profit.
That is when the stock will go over a dollar a share and that is when management will make BANK.
Revenue for two stores in the 4th quarter = $233,321....
However,
Selling, general and administrative expenses increased were $1,553,654 for the year ended December 31, 2015, as compared to $1,079,739 for the year ended December 31, 2014.
So, If we continue at about 250,000 per qtr for 4 quarters that is 1 Million. Unless the administrative expenses come down, it will be a while before profitability.
Margins ????
While it is a major deal being late and especially this late, I think the accuracy of the reporting is even more important. Once we see what the company owes, the operating budget, gross sales, net income and forward information, then - we will know what to do.
For now, we are flat out STUCK!
I just want to see accurate numbers and read the game plan for the future.
This is an industry that will grow!
Well, I trust Craig takes the long view on this potentially profitable enterprise. He needs to be extra transparent to avoid going to prison himself. No matter what, (just like plants) what you sow, you reap!
ROFL.....
That is what happens when you consume your own product