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.
The 10Q hopefully shows a reduction in OS or debt or at least it stays flat.
Nice 'newsletter'. Another NT10k
April 14th. The date of the latest PR. I'm not sure why it's not listed on the board news, but here's a link: http://www.marketwired.com/press-release/coroware-announces-delay-in-filing-of-form-10-k-otc-pink-cowi-2115120.htm
Lol. Looks like it's going to be another slow day on this board, until that 10k is released.
In this case it appears that COWI distributes it's PRs through marketwired.
I'm guessing the 10k won't be filed until fall. Historically, the 2013 wasn't filed until Nov 24 2014, and the 2014 10k was filed on Aug 24th 2015.
Why should this year be any different?
Skipping the debate on whether or not cowi CAN buyback shares, it's just that it doesn't make sense that they SHOULD.
Why buy back shares to reduce float when you have all this convertible debt that can instantly balloon outstanding shares and undo their attempt to reduce float?
Any spare revenue cowi had needs to go to reducing C/D.
Exactly!
I also wonder if the unnamed seafood company in the pr was part of the q1 revenue guidance pr that came out earlier.
That hopefully bodes well.
Amen brother.... let's get to .001c first
With 1.4M revenue 1st Q and 10M goal, I'd say they're a bit behind pace. That is, unless they know something big is coming soon. Something perhaps related to a large company like MS...
Hold onto this stock! Once this stock hits 5's you're going to see some serous s***.
(That's when you should see a short covering rally).
I hope COWI's buying all the 1's for maximum buyback! That could certainly reduce the float.
Good day today! What's the news?
Exactly! Not long before these foolish 0.0001 sellers are gone.
Sure, even with the buyback, they're only still in penny's short term. They could sit in the OTC markets long term or R/S and end up on the Nasdaq by the end of the year.
Can't really go lower than 0.0001. a R/S would allow the value of the company to go even lower, potentially back to 0.0001 but now you have less shares. I'm not saying this is where COWI is headed. I feel quite the opposite, even if they do an R/S. But in penny land, R/S are usually bad news.
Now, let's say COWI finishes its Repurchase program and successfully makes all the repayment of their debt to YA Global, then posts a great 10q. Then a R/S to upgrade markets would be welcome with great support.
Mondays are better than Fridays. short-term response to Friday earnings announcements is 20 percent smaller than the response on other days of the week
Probably for the best. OTC Pink No Information is usually a stop sign for my investment dollars.
This should be posted on every board!
Yes. It is known that the filing on the 15th will show a net loss. If instead there is already a profit, then there will be fireworks. I believe people are looking to the October filing for full profitability.
I prefer this:
I think he just accidentally a word.
Here's the SEC release: http://www.sec.gov/litigation/suspensions/2013/34-69073-o.pdf