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If this is all true I hope he goes to prison for a long time. I guess he wasn’t playing 3D chess, just cheating shareholders.
In the past his MO has been to buy when he’s confident long term and and it’s a mediocre quarter or the company is loading up on debt. If it’s a good quarter and no debt increase he doesn’t buy. Just something I’ve noticed.
10,000 Jones. No comparison in management.
Does anyone know if the $5MM liquidity preference goes away if the preferred shares are converted to common? Or does it still exist if the preferred shares are converted?
Probably going to be an average or below average quarter and he may be signaling to investors that big things are around the corner. Just my opinion.
http://www.otcmarkets.com/stock/GLGI/news?id=88426
Why has no one mentioned this?
In the 2013 - 10k I see expenses that aren't explained. Is Dr. D. the related party receiving 700K+ each year over the last two years?
I tried to ask this question on the conference call but they kept ignoring it.
(10K) Amounts billed by related parties:
2012 - $761,832
2013 - $719,270
If Dr. D. is paying his Orthopedic company 700K plus his salary of about 100K and giving himself all these options he is RAPING the company. I am angry by his lack of assertiveness in operating the company. This company can find a model that works if they tried at all!
Maybe this is a P&D campaign and Dr. D. is involved in some way. If so, he should go to prison...
agraff04
$GLGI is my favorite stock right now. My 2018 price target is $4+. I see 10+ million in EBITDA and very little debt.
$AMD could head lower BUT I expect during a few week period in the near future will see it near or above $6.
Management is good. $SKUL = Buy
$call should reach high $20s in 2015. Time to buy.
The last week or so there has been painting down but there were no comments about that...
This stock is going to $10 ;) Everyone don't sell ;) This is a miracle company ;) Would I lie?
Be careful. Be cautious.
after 2 years I am no longer disappointed. I expect it. how can anyone be this bad at running a company. and please stop diluting the company to pay crappy people. do I still believe? I'm not sure anymore. I'll keep holding but if yet can't sell the halo this summer I'm out. Dang Donovan. He freaking stinks at running this business.
Be careful be cautious.
Agraff04
If the Q4 '13 and Q1 '14 aren't good (as per the usual) I am going to punch something. Let's hope they have actually made progress in new centers and actual revenue and profitability. The last two years my money has been pounded in this stock. Good thing I own a lot of $GLGI to make up for $SPIN so far...
Be careful be cautious.
Best,
agraff04
Yeah, the only thing on the Q2 conference call that gave me any real hope is the joint partnerships they made reference to. This next conference call will shed more light on those partnerships and the role the HALO plays in the partnerships.
I don't now what to expect but it is the glimmer of hope that I hold onto for somehow rapidly growing the revenue and profitability. But in the 20 to mid-30 cent range the company is undervalued for what it is and truly undervalued if management has a real plan to grow this into a real business. With that being said if I were a insider and I saw the promise they say on every conference call I would be gobbling this stuff up. Heck, get a loan from a credit card at 0% interest for the first 12-18 months with a small fee and buy it up if you know it's going to $5 or $10 in the next few years. But we haven't see much of that happen yet.
I hope we get some PR every few weeks that will help investors understand how $spin intends to benefit the shareholders in the near term. Normally when a company is quiet it is a good thing but so far the silence hasn't amounted to much. I still think this stock is a ten bagger from this price over the next two years. Time will tell.
best,
agraff04
The gap has filled! All we need is some consistent good news (bi-weekly) or monthly (at worst) AND... a consistent increase in loans (revenue) & increased collections (A/R) and this can get back to a dollar+ before the end of 2013. A triple wouldn't be bad but we need managements help on this one.
agraff04
positive thinking!
That gap needs to fill from .2897 to .3321 before this can run. Gaps are not a stock's friend. IMO.
agraff04
That's why I am still here. I try not to whine about things I don't care about. I care about $SPIN. I run a business and I know how to get 50% growth year over year in a start up and how to make a profit. Most people rise to expectations and I have expectations for $spin.
Some people on these boards want warm fuzzies and others want results. I want results and I want management to wake up and get moving. I wouldn't be writing this if I didn't believe with a little more urgency and dedication they could get those results sooner.
agraff04
The only thing real investors care about is results. Pipe dreams make stocks move in the short term but long term is all about results. $SPIN has had terrible results for the last 18 months and on every conference call all we hear about it how great the future will be. I hope so. I don't want to be the bagholder at these levels or lower.
I am glad the company is improving the method of quality referrals and future growth prospects but the reason this stock is in the tank, besides the short sellers who made great profits recently, is that the management hasn't performed like they said they would.
I believe the reason they are being so quiet is because they let all the their investors down with their 30+ cent earnings price target for 2012. The last three months have been so quiet it makes me mad. If this quiet time leads to poor or average results I will be disappointed. The shareholders and potential investors need information from the company, especially at this time of low spirits.
All anyone wants is results by way of increased revenue and profit. And along the way we need information. That's it.
best,
agraff04
No one is buying until they see Q2 results and if the HALO has done anything. If anything significant has happened then the whales will be back buying. If not, this company is is for more fun and lower share prices.
agraff04
Yeah, I'll sell while everyone else holds as it goes back to $0.001. :)
Less than 100,000 share above $0.0501 today.
Hop, I hope you are right but of the nearly 600,000 shares that have traded today less than 100,000 have been above 0.0501 so it's not looking good. No real buyers means bad things for $CLNO.
Good luck!
agraff04
One final thought then I am off for today. If you like stats and you may.
$SPIN has traded above $1.25 FIVE times in the last FIVE years. What is the chance it trades above $1.25 SIX times in SIX years? Food for thought. Have a great day y'all.
agraff04
I would rather the price reflect the truth, so that's good to know. I want it to go multiple dollars more than anyone - I am holding a lot of shares. Time will tell.
agraff04
The 10q talked about only 6 centers. I thought they had expanded into 9 or 10. Maybe they are delaying/stopping expansion until they have enough cash to grow into uncertain territories.
agraff04
EDIT TO PREVIOUS POST... I was wrong on management's stated revenue goal per clinic. They expect to make $300,000 profit per clinic per year not $100,000 as I had stated earlier. Management's goal is $200,000 gross billings per month ($25,000 net profit) NOT per quarter as I thought before.
This raises the profit estimates. With 30 clinics they could make $9 million+ in profit when running to capacity excluding the additional Halo sales and royalties which could be as big a profit center - who knows. That changes the possible forecast for everything.
This year they could easily beat my low estimates of $0.03 - $0.05 as I had stated in the previous post if they get the Florida centers profitable. In addition, if they keep the share count low this could be much bigger than a 10 bagger in a few years. I apologize for the error in the revenue and profits from the last post... I am almost as bad as management with my forecasts.
agraff04
I have my own theory as to why growth has not happened yet but why the future may be different.
It seems that they had a period after the first year where they financed a ton of crap cases and they collected on most of the cases but did not collect the amount they had anticipated based on their first year or two of operations. I don't know if it was due to competition or their own overconfidence but it seems to have happened nonetheless. Now they are financing better cases where they can get the 25% net profit but there aren't as many high quality cases they can get without building a network of reliable partners in lawyers and doctors - hence the lower revenue and profits that we have been seeing.
Over time I think they can get the 100k yearly profit per affiliate center they are shooting for once they build up the network. (Assuming 800k in gross revenue, 400k in net revenue, and a 25% net profit margin per clinic).
The company says on their website they want to go into 15-20 more markets and they are in a few markets in Texas and Florida. I am going to assume each clinic will represent a market which means the company could have 25-30 clinics (they already have 9 or 10 clinics started) when they are done expanding. If they had 30 clinics each making 100k in net profit then the company would be bringing in 3.0 million in net profit from their financing efforts. Also, it seems that this 3.0 million profit could be higher if they could get cheap money to finance their cases with ---> let's say with reasonable financing they can make 3.5 to 4 million in net profit.
This does not include the real potential for the company which I believe comes from selling and licensing the Halo and collecting a royalty on it. If this works they could make many more millions to add to the profits from their financing efforts. It will take a few years to roll out the clinics until full profitability but I think they could all be fully profitable in 2-5 years since they are already in 9-10 clinics right now.
If the company keeps the share count low (below 25 million shares) and can successfully implement the above strategy the stock could/should trade in the $3-5 dollar range (assuming 10 times earning) in 2-5 years. A ten bagger isn't bad if you have been getting in at the 40-50 cent level. Unfortunately I think my average is closer to $1.08 per share.
The assumptions above are what I consider the best case scenario. I expect $0.03 - $0.05 cents profit per share this year, however, I feel the current share price is undervalued based on the current company assets (A/R) and the growth potential.
In sum, with a focused CEO, a quick entry into the medical products category, and a continuation of the current financing with cheap capital I think the company could be a ten bagger in 3-5 years.
Best,
agraff04
Maybe my expectations for $SPIN are unrealistic but I am still not satisfied with the company and with the lack of growth taking into account the new centers they added over the past 12 months.
When I heard on the call it was said that profitability in the second quarter is going to be close but not assured - I was disappointed. I heard many growth promises from the 1st quarter's conference call.
If SPIN can increase revenue by getting a 5 million dollar line of credit then go get it!!!!!!!!! If you are so confident in the company Dr. Donovan you should guarantee the loan yourself. That isn't too much to ask. Since the company has a 98% collections rate then SOMEONE will finance you without diluting the rest of us. There are many banks sitting on loads of cash looking for a place to put it.
I like Dr. Donovan but I hope there is a new CEO soon to guide the company full time. The lack of focus and direction is apparent.
However, I do like how company is in the game and how it's slightly profitable so it still can turn into something special.
I still have big hopes.
Best,
agraff04
The CEO bought a million more shares last fall at $0.18 and his total share count is well over 8 million. I never heard about this large purchase on this board... maybe I just missed it.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9229787
Does anyone know when the 10k will be released?
Thanks,
agraff04
There 10k says:
The Company has 900,000,000 shares of common stock authorized, of which 434,922,000 shares are issued and outstanding. All shares of common stock are non-assessable and non-cumulative, with no preemptive rights.
I wouldn't be surprised if it were a lot higher than that.
Because this is going to sub-penny soon. There are 434,922,000 share outstanding. Any real buying will get taken out. Be cautious be safe.
It was a disaster in terms of execution.
Key points:
Expect the first quarter of 2012 to break even with over $1 million in revenue. They expect growth after that depending on how the halo is received by medical company reps.
A few states they are considering expanding into are George, Alabam, Colorado, and New Mexico.
Dr. D ranted about caring about shareholder money and putting it in the best cases - since all cases are not equal. However, His monotone voice has killed muliple investors with boredom over the past few years.
Nothing exciting was announced or hinted. It seems they are as unsure of the company as I am. Or maybe they feel like idiots for giving guidance that was so wrong in the past and they are playing it safe.
Regards,
agraff04
That was a terrible conference call and I had so litte expectations for it. All I wanted to hear was some potentially great things for the future. I didn't want to hear.... blah blah blah I am a dirty tramp slut.
For full disclosure, I own quite a bit of $spin and I bought 75% of it for $1.25 average. I plan on holding through the 3rd quarter 2013 conference call to see if they turn things around and make some money selling and licensing the Halo.
I just need to vent.... WHAT THE HELL!! I just want to choke something right now. The company sounds like a bunch of idiots on all of their conference calls!! Answer the questions directly!!! Don't stutter so much!!!! OMG!!! Someone comfort me!!!!!!!
About a billion shares authorized in January 2013??? Why is no one taking about this!!! Easy dilution is possible. Read the company's filed documents and wonder. Be cautious. Be safe.
This stock is officially on the way DOWN!!!
This is a excerpt from market wizards:
– (Jack)How about breakouts that occur because there is a story in the WSJ that day? – that would be much less relevant. If corn is in a tight consolidation and then breaks out the day the WSJ carries a story about a potential shortage of corn, the odds of the price move being sustained are much smaller. If everybody believes there is no reason for corn to break out, and it suddenly does, the chances that there is an important underlying cause are much greater.
10. – (Jack) It sounds like you are saying that the less explanation there is for a price move occurring, the better it looks. – I do think that. The more a price pattern is observed by speculators, the more prone you are to have false signals. The more a market is the product of nonspeculative activity, the greater the significance of technical breakouts.