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I found it. I finally some interesting evidence on what might be going on with LUVU "panic selling"
So there is a guy named Curt Kramer who owns 5.3 million shares as of October 22nd 2020.
https://backend.otcmarkets.com/otcapi/company/financial-report/260910/content
This guy has been involved in some shady shit over the years.
link here https://www.sec.gov/litigation/admin/2016/33-10239-s.pdf
its the same guy. They are both from Great Neck NY
more info
https://www.reuters.com/article/us-sec-pennystock-settlement-idUSBRE9AO11420131125
The crazy thing is RSCF did basically nothing on the first 2 P.Rs they released...... when i say nothing i mean it increased by 50%.........but compared to where the stock price is now. it is nothing. 20x returns in 3 months.....
100% my friend 100%.... it will crash eventually but idk when
RSCF $1.77 wow just wow
I feel like Tesla's are great cars. The problem is if something were to go wrong you have to go through Tesla to get it fixed. even if it was something minor.
This video explain it well.
I have owned a Chevy a Ford and now a Toyota..... I would say by far a Prius is the best car i have ever had. a stress free low cost/ low maintenance. Great on gas car. 55mpg city is great. 105k miles on it.
NEver had any engine problems. Never had to change the brakes. Has not made any weird noises yet. the only thing to worry about is tires. and an oil change every 10k miles
I feel like Hybrids are the best of both worlds at the moment.
My Ford Exploder went at 96k miles. The alternator went. constant battery problems. Oil leaks started to happen. Noises etc.
My Chevy Spark the coolant tank rupture on 3 separate occasions. The belts wore down way to fast. The brakes were horrible and i would always have some misalignment issue crop up. That car eventually crapped out at 140k miles.
My personal opinion . No one knew about this stock Pre Covid.
It was an extremely illiquid stock with flat line Rev's and basically a break even or slightly losing money company in the 5 years prior.
Luvu got pumped up way beyond its value and marketed as a Covid PPE play among the internet community.
LUVU has lost its hype and by looking at the chart it has been left for dead.
The thing is, if you exclude the PPE now LUVU business is actually growing at record numbers and their products are in the perfect market to take advantage of the shift from working in the office to working in the home.
But traders don't find that aspect "sexy" pun intended
With covid cases rising i could see this pop to 30 cents if they get another government contract. although it would have no material long term implications for the company
Their is no reason not to bid sit here currently. Someone is panic selling hundreds of thousands of shares it seems every week. IDK maybe its stock options exercising. But that would only be a couple of million shares in total and this has been going on for a while it seems like now.
Until that random seller proves they are gone. LUVU stock price is not going higher.
Maybe the virtual presentation on Monday will help a little showing how god damn undervalued the company is.
I was right should of had a bid in the low 0.07s yesterday...... my yearly car insurance bill came up..... so was not able to do it this week.
But don't worry we will hit the low 0.06s range next week.....................
I will continue to add every week on this selling though
I added 20,000 shares at 0.081 bringing my average down to .098. Their is no reason to buy shares at the ask for people like us with all this selling.
The only way i see this reversing now is that volume has to completely dry up on the selling side for a couple of weeks. Then i can see people buying at the ask again. or some kind of positive news catalyst.
I'm going to put a bid in the low .07s because honestly it will probably happen next week also.....
LUVU was trading in the 0.05-0.07 cent range in Spring 2017 and spring 2016. when they had the same amount of shares. a stock deficit of 2.5 million and net income for the WHOLE YEAR being around 200k.
This year in their historically worst Q. LUVU did 330k net income for 1 QUARTER!!!
The fact they did more net income in their worst Q this year than all of any previous years combined net income and we continue to sell off is mind boggling.
I''m not even including the 880k net income from the one off PPE sales
i don't think so. Their is just to much money floating around out there. Also people have instant access to buying and selling stocks. I could defiantly see a flash crash of like 40% but no way in hell in last 2 years.
but how much would rent/lease cost at a place like that?
LUVU... the on red flag is you can call it that is the accumulated deficit. It was 2 million in the red although improved it is still at 900k
I feel like trading/ investing is more about finding the company that is in prime position to take advantage of the hype more than actual fundamentals these days. Was that always the case? i guess the internet boom stocks in the early 2000s
Look at EV stocks or the marijuana boom a couple of years ago. The Covid plays. etc.
Alot of these companies are legit but the stocks are way overpriced.
RSCF is a 70 million dollar market cap right now. I don't think anyone in the world would pay that much to buy the company
LUVU this made me laugh....
thanks for the responses.
RSCF: guys im really depressed about this one. You can look at my post history and i w as on board here for 100k shares at 9 cents.
I'm 30 years old now and i only have $20k in invesments/savings. This could of been a life changer or starter for me. I don't know how to cope with this one. Iw as 100% on board 3 weeks ago but after the first couple of pump like PR the stock price did nothing. Now it caught on fire.
How do you guys cope with something like this. Thanks
Ive lost all my money in my early 20s gambling. I just can't get over the fact this could of been the one
LUVU trailing 12 months Net Income is 1.23 million. Trailing 12 months EBitda= 1.75 million.......again a 7 million market cap
LUVU. stock still in a slow downtrend despite fundamentals The more I research the growth in the home sex/ home comfort furniture industry. The more i like them long term.
I guess the market is pricing in this is a one as a one off PPE play when it really is not. 7 million market cap seems insanely low. For a growing company projected at a minimum to do 1.2 million in net income over 12 months.
first bought in at .12 averaged down to .105
i guess ill keep adding and chasing in the downward trend direction
RSCF is why i don't chase it was a great buy before the pump crowd got a hold of it. Whhen KIK first mentioned it below .10 people on this board could of made alot of money
people are chasing growth stories . they all want to find the next tesla
Found a something regarding a home furniture boom going on right now https://www.npr.org/2020/10/16/924648203/furniture-industry-booms-despite-the-pandemic
" The pandemic has hammered some sectors of the industry, like commercial furniture. But home furnishing sales are booming"
"The boom has been driven by online sales"
LUVU specializes in comfortable foam filled furniture for the home. through ecommerce sales..
So that would put Revenue over 6 million and Net Income around 500k? being conservative
PPE is just a bonus here. They grew 30% with very little PPE sales. LUVU is a growing profitable company in the Ecommerce space and one of the leaders in the Sexual Wellness industry which is also growing.
LUVU is not worth 40 cents a share when it got over extended on the Mask hype. and people have left it for dead . A growing company projected to do 20+ million in Revenues + 1.3 million in net profit is worth alot more than a 8 million dollar market cap.
Read the summary of this report https://www.businesswire.com/news/home/20201005005329/en/Sex-Toys-Market---Actionable-Research-on-COVID-19-Increasing-Popularity-of-Sex-Toys-to-Boost-the-Market-Growth-Technavio
i was 10 years old in 2000 i had no idea what stocks were.....
the problem is the stock got way over priced on the mask hype.
This 10-Q shows that they can be profitable 330k in net income with less than 1% in PPE sales like you said.
The next Q(historically their strongest Q) will be even better since it's the holidays and people will be spending more and more in the Ecommerce space. and that's where LUVU growth is
LUVU will have 20+ million in Revs and 1.5+ million in net income from now until next year.
I'm holding/ a strong buyer on any dips.
PPE is just a bonus here and not the true story
LUVU 10-Q out. Solid quarter not great but not bad.
Trailing 12 months Net income is around 1.2 million
Sales have increased by 30+% as it seems that they are shifting to mostly Ecommerce and continuing to grow
So basically LUVU has a trailing 12 months with
$18.5 million in Revenue
1.2 million in net income
with YOY of 30%+ increase in sales in mainly due to growth in Ecommerce
but is trading at an 8 million market cap
What is the average P/E ratio for companies like LUVU?
. To be fair we did both profit nicely. just damn if we held to these prices for like 2 weeks more it lifts pressure off the daily grind by hitting a homerun like that
RSCF i am that idiot haha. i sold out to early...... i was with KIK on before it exploded ..... sigh
personally i'm not going to chase. i had 100,000 shares at around 0.095 average i sold for around .125 average.. i just have to let it go. gl to you
i joined the party but left early. i hate my life ....... even if this is a pump and dump everyone would of made 150+% today
RSCF congrats to KIK for finding this early and to all who got in early it is going parabolic now. I'm guessing news of some contract has to be coming for the price to move this much
RSCF i did not hold i took 30% profits.. i'm an idiot wow this thing is going crazy right now. congrats if you still have shares
RSCF going off right now any news?
It is kind of hilarious that the first Business day after Biden is elected they come out with a viable vaccine news.
glad i cut my losses on shorting the market last week on that news.
Alot of buying pressure on friday but was painted down at the very end of the day. i noticed mm PUMA finally disappeared on the ASK which may mean the seller is done. I have a really good feeling about this quarter.
Ive have gotten slammed trying to predict things the past week though
Biden takes AZ NV MI WI,
TRump takes PA,NC, Georgia
in that estimation
it looks like Biden is going to win 270-268. Those congressional districts played a huge role in this one in Maine & Nebraska
I bought UVXY at 16.74.... i couldn't help my self
i got stopped out lost 18%.....fml. terrible trade on my part. should of jsut held BGFV.....,.