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Name one specific thing about the L2 that shows that. You can't.
Lol. It is basically at 52-week lows, and not going anywhere. Declining revs, increasing debt - this is a stinker and will sink even lower.
How is it setting up for a better run? It is basically languishing at 52 week lows.
Those involved with this company threw Trump under the bus a long time ago.
More concerning is the fact that in spite of inflated claims that they have discovered some sort of AI algorithm that companies like google (at 1000 times the size) still haven't discovered, their client list seems to be in the single digits and their revenue has largely been on a downward trend for the last handful of years. This company doesn't pass the most basic of sniff tests.
They need to unhitch themselves from the pro-Trump bandwagon asap. People are done with that nonsense. Trumpism has served its purpose of dragging in the low-IQ voters to vote red, but it is time to move on.
Revenues are basically flat, but total operating expenses doubled (from 1 to 2 million) with a net loss before taxes of 2 million. The company has basically no cash. Total train wreck.
Pure fluff.
This company burned its bridges with Trump a long time ago.
Lol, yes you and everyone magically bought at the bottom and posted hours later.
Zero details, and there is no evidence of GloriFi having substantive revenues of any sort.
I don't think there is a present threat of them going to the grey market, as they do seem to constantly make efforts to stay compliant and current with their financial reporting. Of course that fact on their own doesn't make them a good investment - there are lots of compliant companies that are still garbage.
'New sales' - lol, oh sweet child. Revenues have been declining for years now.
Well, their revenues have been steadily declining over the last few years, and their expenses steadily increasing. They simply have to sell shares to keep the lights on. Sad but true. Everything I'm saying can be verified in the publicly available financial statements.
> i mean why let folks know you have signed a multi million dollar contract
to sell shares
and even worse, spread out over multiple years.
When the specifics are not given, you should assume they are bad. That principle is very important with pennystocks.
I hope no one gets their hops up too much over this BS. Who exactly is the contract with? For how many 'millions'? Over how many years?
Real companies with real news don't out out vague BS press releases like this.
Would definitely want to see this close over the resistance at .0073. If it can't do that over the next couple of days, then SAD TROMBONE SOUND (yet again.)
Yes. Companies like this with continually declining revenues and increasing debts are going to get destroyed in this higher interest rate environment. This was always a stinker and the PR was always obviously BS, but now they are definitely effed.
Look at the most recent earnings report from a couple of day ago. Revenues continue to fall and debt is going up. They also announced they'll be selling a billion shares (literally) to try to raise money.
They're going broke.
Lol, how is that news?
The market seems to recognize it for the BS it is. If that's the only news this company has, it is in trouble. Recent lows broken.
What was that hope based on? Sheer optimism, or actual facts?
My recommendation is to focus on facts when either trading or investing.
Many pennystocks inititate IPO proceedings with this sort of paperwork; 99% of the time it amounts to nothing and no IPO happens. With this company's paltry, declining earnings, an IPO isn't going to be happening.
With Trump's social media company going under (everything the Orange idiot touches turns to sh*t), this company lost its last chance at a big client.
As interest rates go up and their debt becomes more crushing, this company will likely go under. Just grab the remaining trading opportunities when they come.
I still think this is good for a trade. Just bought some at 0.0073, not planning on holding for long though.
He actually threw Trump under the bus at the Jan 6 hearings. Let's just say that Trump and his followers are not the forgiving type, so I don't think this company will be getting much business from them in the future.
Looks like with Trump likely going to jail, they are going to be losing their biggest client.
Agreed - I think this is a great stock for trading, but the fundamentals are complete garbage and I feel sorry for anyone gullible enough to think that this is a vaguely viable marketing company.
Agreed, nasdaq uplistings aren't the miracle many seem to think they are. Check out NCPL - dropped about 60% in the week or so after being uplisted.
The problem with this company is declining revenues. Until there is some sign that that trend can be reversed, this isn't going anywhere. There might be some trading opportunities here and there, but the fundamentals stink.
He threw Trump under the bus at the Jan 6 hearings today!
Fortunately, the orange idiot is not competent enough to do anything about it.
The massive toxic debt means that long term the only direction is down. There is no bottom forming.
There was only a single trade at 0.016 a few days ago at a small amount of volume. For all practical purposes, it actually did not hit that level.
The fact that this couldn't even reach 0.016 before cratering doesn't bode well. I suspect all old levels of support and resistance are ancient history, and we have to look at how this behaves over the next few weeks to get a sense of the new levels of support and resistance. They will of course be significantly lower. As far as the fundamentals of the company go, they are garbage and no PPS is too low to be unreasonable. I certainly hope that comes as a surprise to no-one.
Dead cat bounce.
tickers like this don't move on fundamentals or news most of the time.
OTCmarkets.com, all publicly available.
Lol, nothing is going on in this company, whatever the website says. Their revenue has been declining for years and they have been increasing expenses. I don't see anything on their website that paints a different picture.
I think March highs are very unlikely - the most recent earnings report shows that the emperor has no clothes, and anyone who is not a trader will be willing to exit for much less than those levels. I think the 0.016 level might be reached, but anything over that would likely be a gift. We'll see how things progress, of course.
Agreed; the trick is just to have a realistic exit strategy. The company itself is garbage and I wouldn't believe a thing Parscale says, but this has been a great ticker for intermediate term trading, and probably still has some life in it yet. Levels of support and resistance are obviously being redefined, but I think a run to 0.016 is possible, though it would probably be a hard sell for me at that level, absent *real* news.
I actually bought some at 0.008 today. Who knows if it will get to 0.0055. I will be very happy to flip for a double; I don't think 18 cents is even vaguely in the realm of possibility given their cratering revenue and growing expenses. But we'll see.
Pattern is definitely broken, and the last earnings report was awful. Any myths about this actually being a viable company have been crushed.
It will rebound to 0.015 or so, and then it will be time to sell and move on to another stock.