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I will wait for GNIN to file more information with SEC. They need to file P&L ( quarterly) and show us future guidance to gain investor confidence.We need to see sales.
One another thing I have noticed...they don't reply to mails sent to the investor relations team.
I will keep that in mind going forward. They filed sales of 500000 with the SEC....so presumed that the sign ups and distribution network news is true. No matter what, SEC should take action against GNIN and the CEO for fooling the masses like this.
We should all send a signed document to SEC to take strong action against such fraudulent news and reports.
I was unaware till now that the press has been releasing false information all along and misguided everybody. I still cant believe that the information of distribution sign ups can be fabricated like this. This is a serious issue if this is true.
Will SEC do something about it??
I will be closely monitoring GNIN and see if there is a possibility to re-enter...its just not time to completely discount the stock..
Hey..Take it easy...
No body can predict the market... this is just my opinion or rather expressing my thoughts... Penny stocks are risky.. and runs based on lot of assumption..it might as well go below the dollar... without supporting news/ reports
There are several better high valued dependable stock where you can invest in.
At this point....I will wait for more evidence
It is a question of current valuation vs future valuation. You cant suggest .10 as a price without looking at the future guidance and projections clearly...ie demand for the products, product line etc. If the projection is as estimated..it will be be several times current ebitda..which obviously we are not aware.
Yeah..that makes sense..The share value is high for now.... but if the projections are great as what is likely talked about.. we could see a rise. Again finally it will be evaluated by final valuations and finally future P/E. Don't just discount this stock completely as a complete looser yet...wait for some more evidence.
By the way I sold my position but might re-enter based on further dips/news. Just out of curiosity..did you ever own any position in this stock as any point?
How can you say this so confidently. Do you have a solid reasoning behind what you are saying?. If you are suggesting as a pattern with penny stocks..perhaps I might agree..but this may not be such a case unless the CEO is outright lying about all the sales and revenue figures...which will result in fraud and legal issues later to time.
That's good deed. good luck buddy and have a nice day
:). You know it all.
Investing in penny stock is gambling!!!!! and that is why it is still in pennies!!. You can make returns like 100-200% in shorts runs only on stocks like this.
I don't invest a whole lot of money on penny stocks. I understand the company fundamentals and markets before investing in any stock and most of my investments are on other valued stocks.
The assumption that GNIN might bounce back is based on the sales figures and continued distribution tie ups; again this is just a hopefully assumption based on news reports. I have not read the latest financials and am sure no investor has had access to that...if they had...we could have had a good valuation and lot of bigger investor would have pulled the stock up by now.
I cant vouch for Bruce... but if the company has filed with the SEC for sales which is not in place..then it is a another case altogether. i dont think false sales reports and tie up will be widely published like this. I am not sure about the nature of Elay business either; I believe it is into consulting and no real products there.
GNIN filed with SEC - USD 500000 product sales in the last 3 months.
GNIN signed up with Perfetti, Vernon, Canadian retailers and several other wholesales too establish distribution.
Vernon has placed product reorder already; that mean customer acceptance.
I have no idea of GNIN's expenses.... so cant really say about their net margins... ( profitability )...ie why financials are necessary to strengthen my case.
In the end this is still a penny stock (because so many of it are hopeful assumptions) and hence the risks are higher.. If the sales are growing... it is highly likely that there will be a bounce back...
Again stocks are all about betting against the odds... I find that there is a strong case for a comeback.
Some investors played smart and made quick money at the expense of other ;)... but if the company fundamentals are strong...stocks will eventually rise.
I strongly believe based on the gnin's partnerships and growing sales, stocks will bounce back. Current stock dip are based on some smarties trying to short based on the pump and dump theory. We need to see the financials for sure to have a better understanding of the firm. Having said that the product orders and reorder make a strong case for revenues. We must understand that there was no dilution at all and in fact there has been a 24% dividend declaration. So the drop does not make sense....we have to wait for the stocks to bounce back...Gnin needs to give us more evidence of their financials!!!!!!!
Some investors has shorted to make quick money but I would expect a bounce back sooner or later. There sales orders are genuine..so revenues are on the increase. There are rumors that they are having a new tie ups with other major retailers and new sales orders. The risk/reward ratio is high, but the reward will be good too.
There was a news sometime back that Vernon sales placed a reorder with GNIN. They are based out of California. It would be nice if somebody in California could check the shelves at Vernon's stores.