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Anybody know why Go800 TAXI used to work great, but for the past 3 weeks, the word is unregistered??? Not a good sign, imo. Yes, I'm still invested, but not happy with the simple, yet lucrative keyword "TAXI" not working.
RSInvestor
The only real advertising that makes any sense whatsoever is a major company rolling this out nationally. Think GEICO/FORD/ALLSTATE on national television. Then, every other major corp will play catch-up because a fellow S&P500 company came up with a better marketing idea.
Seriously, trade ads, word of mouth, ambassadors, etc., not nearly as powerful as one solid company putting it out there.
BTW, Brad, fellow Indiana guy here. GLTU, bro.
RSInvestor
Most excellent post. Agree across the board.
Agree. We'll have to divide up the list and post yea's or nay's.
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This was my question, posted earlier. My interpretation of the 144 comment is that he believes that the restricted shares were being sold off into the market. This would increase the float considerably, but does not explain how the outstanding shares number is way lower than float. The numbers don't add up.
To RobWeiss37: Where is your post in which you got in, after your last "I'm out" post? Accountability.
Done. I'll post if they answer my "support ticket".
Thank you for the link to the report.
Can anybody explain how the float (public shares available for trading) can be 50% higher than the outstanding shares (public plus restricted shares held by officers, insiders, etc.)?
From their report:
Outstanding Shares: 1,550,586,076 as of Mar 28, 2010
Float(shares): 2,322,000,000 as of Dec 7, 2009
Has there been a significant buyback between Dec 7 and Mar 28? I don't know of one.
RSInvestor
You are correct. The float is 1.3bil, with auth. shares of 2.4bil. Wow. I think I was confused with another stock I own.
Estimated Market Cap
$40,315,238 as of May 12, 2010
Outstanding Shares
1,550,586,076 as of Mar 28, 2010
Authorized Shares
2,400,000,000 as of Jan 17, 2010
Float(shares)
1,365,870,849 as of Mar 28, 2010
Number of Shareholders of Record
971 as of Jan 24, 2010
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=goig
So let's say Google loves the company, and wants to buy it for $500,000,000. At current revenue projections, maybe that's fair, just a wild estimate. Divide 500Mil by 2.4bil, and you get a buyout PPS of $0.21.
RSInvestor
You mean no FURTHER dilution. They have 1.2billion authorized shares. That is huge. By my count, only about 100 stocks in all of the NYSE and NASDAQ have larger share bases (over 8000 stocks in this pool). If anything, they should be buying stock back at some point (not soon, necessarily).
RSInvestor
I agree. There may be a master plan by which they launch April 15th, advertise to almost nobody, then see how it goes. Doesn't make sense to me, but maybe the backend isn't ready for prime-time, or maybe they are focusing on a few secret huge clients.
The latter would do more for the company than any advertising GOIG does. All I know is that shareholders are doing more to spread the word than the company is. If this quietness is part of a larger plan, then great. If it is just slow, unaggressive execution, then we need to rethink this investment.
RSInvestor
These ads are awesome. They keep getting better. GOIG probably won't allow the walking fingers, though, since that is likely a trademark. Nonetheless, great stuff.
RSInvestor
Those were the "color commentary". No value added, only for entertainment.
Have a good rest, and good sparring with you.
RSInvestor
lol. Charts are just tools, not crystal balls. Plus, the stock action lately has been fairly dull, so a little side discussion isn't a terrible thing. This was more of an academic debate than a reading of future price moves, anyway.
GLTU
RSInvestor
We can shake hands on that one. I agree. Rather than eliminate the tools of progress, though, why not educate so that we all become better.
On the other hand, some investors are just doomed to fail because they lack the curiosity and technical ability to grasp all the pieces and parts necessary. There isn't a lot to be done for them.
Thanks for the insight.
RSInvestor
I understand where this statement is going, but I can never get on board with anything that contributes to the constant dumbing-down of America. "It's too technical..." BS. Google it or Wiki.
I'm not lashing out at you in any way, but this form of mass compliance and lowest common denominator targeting is not helping anybody.
Rustler,
Thank you for taking the time to provide such a detailed explanation of your position that log charts are cheating. The one thing you are still not getting is that log charts show %change instead of $ or point change. It's all the same data, just displayed differently.
For instance, should I invest in the stock below? One chart shows dead money (weekly), and the other is a nice uptrend (Point and Figure).
RSInvestor
I'll respond because this is fun, and your tone is condescending. Your first sentence is only an accusation ("showing a false angle"). Why is it false? By what standards? How is it less valid than the angle found on a different chart?
Your second sentence is only a definition, followed by a baseless assertion. You don't explain how the distortions are misleading.
Really, if you feel this passionate against a type of chart, I'd expect to see some actual defense. No disrespect intended from me.
RSInvestor
Actually, I read your posts, and you clearly explained nothing. Just saying it's cheating and claiming spacial boxes are uneven isn't an explanation.
On a percentage basis, the chart is moving up quite fast. from <.01 to over .025, that's a 150% move. Even ignoring the move to .06, this is still in an uptrend. The uptrend is visible in both the log and arithmetic charts, but easier to see on the log chart.
Besides, log charts are considered a valid form of presentation when, as I've said, percentage moves are so big that the trend is hidden by arithmetic graduations.
RSInvestor
Rustler,
How are log charts "cheating"? The only difference is instead of equal increments representing equal point changes, those equal increments show equal percentage changes. They are most useful when the whole span of a chart encompasses a huge percentage change (like a 100 year DOW, or most any penny stock).
RSInvestor
I don't think the OILSPILL was fluff, but a happy easter message is. The magazine they are advertising in has a circulation of 45,000, not millions.
Also, the ad doesn't directly result in revenues, which is what investors should be focused on. Again, a national company signing a contract with intent to advertise the service, that equals revenues.
RSInvestor
Running a magazine ad is probably not considered news, since we expect the company to market its services. On the other hand, announcing a major corporation who will advertise on national tv, that would be newsworthy.
I'm glad GOIG doesn't put out too many fluff pieces. It would smack of desperation, which for a solid business plan, is unnecessary.
RSInvestor
That is a very respectful and responsible post. Thumbs up.
Actually, I called the OILSPILL number the day of the press release. A nice lady answered, and I just said "I'm sorry, I got the wrong number." She was polite, and it was clearly the BP hotline.
Nice, bright red letters, to boot. I hope it brings them lots of business.
Excellent post. Very insightful, thanks.
RSInvestor
HP,
I always enjoy your posts here, and you are definitely a positive influence. However, don't you ever get the impression that all the energy and hope for this company is in the future? I mean, so many posters here talk about next week, next month, next report, next PR, next customer, tomorrow's open, the next move on the chart, MMs getting toasted (a whole other discussion) etc.
I was lambasted today for raising valid questions about how the marketing execution is going, and still this board seems to only live in the future. Yeah, it's a great concept, and yes, I think it is revolutionary in terms of killing the 800 number. But until the company shows that they are willing to risk big dollars by going national, how confident are we supposed to be?
Maybe I'm still being impatient, but I have analyzed companies and charts for 15 years. The authorized shares has me concerned, but I am willing to let that slide based on the huge potential here. Now, I see Mickey Mouse marketing, with the hope that June will kick ass.
June is the start of the 3rd qtr, so probably no real revenues to report until Sept, after the 3rd qtr. What is the driver to move this stock until then? What is the opportunity cost in sitting with money tied up until real revenues are reported? Yes, contracts signed will be good to know about if they report that in June.
Until we see a national ad by a major corporation, I think this message goes widely unheard. After that, it should catch on quickly.
Just my thoughts, and not trying to bash. Just asking the same real-life questions any active investor would ask.
RSInvestor
That's the same thing I'm talking about. As shareholders, we have the right to challenge or question a company to build shareholder value. They are using our money, after all. Nobody's trying to run the company for them, just wondering if the current plan is the best one. I don't see that as whining at all.
"...fact that a lull in PR has created some unhappy kids in the sandbox so you know, sometimes you just have to let them cry and whine for a while and then they realize that no one is listening to them anymore. "
We had PR this week. I'm not even discussing the recent share price specifically, I'm talking about demand for the stock and interest in the service. My concern is with how they are executing the business plan. Getting the word out is the job of marketing and sales. So far, I have seen little marketing (no national campaign on TV, print, no major players advertising like GIECO, etc.).
And sales? Hiring the first 100 folks of the street who apply doesn't appear very structured to me.
Facebook? Posted by a handful of investors? I'm pretty sure that Go800 is supposed to be marketed to companies, per the bus plan. My concern is that I haven't seen much of an effort to get it out there. No question FB has the ability to make something catch on, like piano playing cats, but how many marketing executives will see it there?
I'm just saying that a few investors/champions doesn't seem to be the best marketing tactic to gain widespread product excitement. How has this happened in the past? Which products/services have gone viral as a result of FB exposure?
The google placement is great, but you have to know "Go800" in order to search for it. For a launch that is almost a month old, I see very little in the way of getting the word out. MoneyTV, a youtube commercial, small ad in a trade magazine that has 45,000 subscribers. None of these are big time. I'm not bashing, but honestly trying to figure out where the "viral explosion" is coming from, and when. Who knows how that will start?
There is a lot of "wait til next month..." and "new PR coming next week...", and "charts say bounce here..." etc. The truth seems to be that there is little demand for this stock (likely due to huge A/S). Also, we had a PR this week, and as far as I can tell, it went nowhere. Again, not bashing, since I'm in for a half mil, but the word doesn't seem to me to be getting out. Does anyone else feel the same way, or have the facts to contradict me?
If someone launched a cool technology but nobody heard it, did it really launch? (paraphrase of the old tree falls in the woods question).
Just asking questions here. No need to flame. I hope somebody can enlighten me with more than "it's awesome technology and cool and convenient". We already know that.
RSInvestor
"SEQ" trades are "out of sequence", meaning the trade took place earlier in the day, and is just now being reported. I don't see any bullishness nor bearishness about it. It can show up as any price that the stock has previously traded.
Today's volume in the first hour is 21% higher than yesterday's, about 2.6mil greater.
It sounds like that trade was a delayed trade, recorded after the close. This happens to many stocks, and it is usually associated with large orders that get filled over many smaller trades through the day. Typically institutional buying/selling on the big board stocks. There is no way to know where the market was during the trade, so it could be a buy or a sell. Either way, it's a huge position.
RSInvestor
a cup and handle pattern can form on any time-frame chart. The daily and weekly charts require weeks and months, but for a 5 min, or 60 min chart, it could be a matter of a few days. The key to look for on a C&H is lower volume on the pullback (handle). This signifies weak selling pressure after the recent run up (right side of cup part). A break above the recent high is the confirmation.
The company pays for it. I've read that normal 800 numbers cost the company 6.5 cents per minute, so Go800 is a better deal.
Daily chart looks very bullish. Higher lows since March.