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.
Why should they do anything? They have a perfectly fine business model. Sell a few bags on a website, doesn’t matter how many.
THEN sell shares. When value hits sub penny, they reverse split and start selling shares all over again.
The old investors are wiped out, new investors get in thinking selling suitcases might be a good idea, repeat and rinse.
Thinking they care one iota about shareholder value is a false narrative imo.
Cuidado.
Or it might see anyone’s remaining value drained out just as it was this past year.
Reverse split and dilute sells better than their bags
This last dilute down from $6 to .15 was just disgusting
How bout BAG distribution?
Trump didn’t pass em? It’s dead.
Loaded another 10% while we reach lows again, when this pops I get a new Jeep brother as a reward for my patience. :)
Seriously, scroll back to the three year view and you get a nice snapshot of what this company is really doing here….
Dilute R/S Dilute R/S Sell fewer bags print more shares dilute…..
Fuse? Light? How is this not headed for another reverse split? Selling fewer bags, printing more shares?
Positive? Like what? The ink in the share printer was changed?
“Do the math on reverse splits”?!?
Dude it’s been diluted down 93% since the last one!!!
Folks trying to sugarcoat brutal toxic dilution….
Next they’ll continue diluting this down to a couple pennies then reverse split again back to $6, then dilute it back down again to nothing, then reverse split again, then dilute it down to nothing, then reverse split again, then….(you get the scheme:))
Who pays the salaries? Investors who see their funds vanish into the paychecks of a company that acts like its serious about selling bags so they can sell their REAL product line….continually devaluing shares.
Past year diluted from $3 to .20, that’s a 93% loss that went to pay salaries for the bag company that doesn’t sell many bags.
2020 Net loss $1,140,000 - 2021 net loss $3,817,000
Dilute dilute dilute
Last annual report 4/22 bradda…
Sales 2020 $183,000, sales 2021 $52,000
It’s going the wrong way brother!!!
Last annual report 4/22 (most recent) shows they made a GRAND TOTAL of $52,000 from selling bags.
The operating expense for that period was $2,013,000! That’s a LOSS of $1,961,000. Wow. They must have sold ALOT of shares to make that up!
Don’t put lipstick on a pig brother :)
All of 2021 they made a grand total of $52,000 profit from selling bags vs a $2,013,000 operating expense?!?
That’s a $1,961,000 loss! I’ll bet all those salaries get paid though.
What kind of business is that? One that HAS to nonstop dilute and sell shares robbing investors?
This company spent more in R&D ($40,000) than it had in total revenue ($31,000) for Q1! LOL!
$454,000 operating expense vs $11,000 profit on bags? LOL!!
SHARE SELLING pays the bills here brother, and reverse splitting.
LAPD fielding 500 Bolas? It’s about to be as common as a taser brother!
Expenses down, more and more agencies and trainers, Bola 150 is dope, international markets?
Oh yeah brother, check out the pump chump!
Each time their rating plummets further
Print those shares! Sell those shares!
We are entering territory where proper faith and time will result in a fortune.
Dilution machine that has no plan to ever stop, it’s how they stay afloat!!!
Holding something being brutally diluted ain’t wise
Brutal ongoing torrent of dilution is how Samsara keeps the light on, ruthless.
Reverse split last year, now diluted back into the dust.
Get ready for the next reverse split soon dude :)
Trips is the future brother :)
Thing is, nobody is gonna STOP using the bolawrap once it’s part of a department and helps wrangle in a few wild desperados.
The tool belt is forever larger.
One direction, up.
This Hulkamaniac has his 24 inch pythons wrapped around a winner here dude!
New Samsara designer shares freshly printed for you!
It’s gonna GO to a penny!
Share printer on overdrive, can’t add ink fast enough lol
I like the new investors :)
Some of them are return investors who ran earlier