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In this geopolitical and inflationary climate it seems logical to snap up some of the better competitors. Consolidate the market space so to speak. I mean $400 million annually for a micro cap company isn't chump change. They were to present at the canaccord conference today but they do that every year.
With their current share structure and $400 million in yearly revs the pps, as I calculate, should be around $5.00. Dwelling down here in the low $1's is way undervalued imo.
How's it going Joe. Always interested in your take on financials. Did you listen to the conference call? The elephant in the room, which was barely mentioned, is the .70 cent loss EPS. It's a goodwill write off, or so I take it as such. The rev's were outstanding IMO but that $57 milly write off just doesn't look good. If you still follow this, what's your take on Q2? TIA
It will not multiply by 10. The closing price of .004 would become .0004 if the split were to happen now. I personally have never seen a forward split on a sub-penny OTC stock. It is always a reverse split so that the company can dilute and wipe out bag holders in the process. GLTU
Great pickup. Unfortunately I'm unable to watch the trading closely enough. I had a buy order in the $1.50's but it never filled. I'm just glad to see it moving north. It's way undervalued down here IMHO. GLTU
The last two major runs topped at 7.50 and 8.50. The first one retracted all the way to 1.01. If the 2.00 level doesn't hold here it may slide to the 1.25 area. I'll pick up a bunch if that happens.
Well Joe should we put a fork in this? The Q wasn't terrible but the changes being made to upper management is not something you'd expect from a well run operation. Interim CEO, new CFO, I mean these are major changes.
Well for the time being the shorts are going to have a field day with this.
I really don't understand why they took the conference call transcript and put it into a 8k. They flat out admitted that they expect a 11% to 13% drop in revenue going forward. Whether it's short term or not the market didn't like it. Hell, I don't like it. They still are having a big problem finding an identity. Oh well, if it tanks back towards $2.00 I'll be buying some more.
One thing is for sure, this stock is not for the faint of heart. :)
Certain stock holders of record have agreed to basically exchange their common stock holding for an undisclosed amount of Series M preferred stock. The common stock was returned to the company and retired to the treasury. I believe that they're still counted into the authorized shares but not the outstanding shares.
I've been poking around a bit but so far I haven't been able to dig up any info as to the recent volume increase. Are you able to shed some light? TIA
Whats your opinion of where this is going?
Almost 6 million in volume during Fridays trading. Something appears to be cooking. The trade volume has been creeping up in recent days. Any thoughts?
You've been here since before the Karma Sutra vodka days. I know because I was too. GLTU
Well I would be a happy camper if it hit .05 so I would not complain if it hit .10 GLTU
yes, I corrected myself. When numbers get that big they all look a like
1,942,803,996.6 divided by .30 = 6,476,013,322, which is the OS. I meant Billion not Trillion. I'm at work and the zeros are blurring together :)
The OS here is 2x that of TSNP, so .30 would be virtually impossible. Just to put numbers up, with the current OS @ .30 pps the mrket cap would be $1,942,803,996.6, that's trillion. However, .10 is possible and would make me very happy. GLTU
Looking at the 1 minute chart via Schwab, there was a trade at .0025 at 10:28am. It also shows that the low today was, in fact, .0025. So there is no gap that I can see. This is via Schwab, so take it for what its worth.
This I totally agree with, lol
The whole shale sector is getting its assed kicked. If the Dems take control you can kiss the industry goodbye.
LOL
You mean the merger with a OTC company that has been pushed back? Like I said, with all these smaller energy companies having to file chpt. 11, I'd be careful. GLTU
Just FYI, both $LONE & $OAS have file for BK so I'd be careful with $CEI.
From June 30th 2019 to March 30th 2020 the company dumped 83 million shares. What's in store for the next 9 months?
They are all deferred shares issued as part of a stock incentive plan. They will vest in 3 segments over the next 3 years.
$QEP may look to fill lower gap @ .56. I'm waiting.
$WLL is a Q play, heavily shorted.
$CPE, $DNR, $GTE, $HAL, $NOG, $NS, $OAS, $OIH, $PBR, $WLL.
$WLL looks good for 100% plus. Been watching it.
This was originally a Phillip Frost play, the only one I ever played. Tiger Media did a reverse merger with Cogint which in turn spun off Fluent and Red Velvet. I believe the Dragon Chain connection lies with Red Velvet. I have free shares of Red Velvet due to the spin off. I'm just holding on to those to see what happens.
I believe this to be a big winner in the long run. I've been playing this since Tiger Media. I've road out RS's, reverse mergers, spin offs, and have never lost money. In the end I think your daughter will be happy, and if she's happy, your happy :)
I've picked up a few at these wholesale prices. This stock is way oversold. This was in the 7's not long ago and should make its way back into the 4's soon enough.
I too thought the earnings were good. I have been expecting a pull back but not to this extent. Will be interesting to see how much more selling takes place. Might get a chance to pick up a few more cheap.
definitely going in the wrong direction now.
wasn't expecting this after the earnings. A lot of shares being dumped.
I looked around a bit but found nothing. I thought maybe SA but nothing there.
What's the catalyst for this latest sell off?
Not looking good. Has broken through all supports.