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.
$SIGO. elkonig, your information appears incorrect! Based on the last Q report thru April 30 for 6 months the G & A expenses were $114,402. That's averaging $19,067 per month. The company is running 70% profits based on the August revenues for just 1 week of $158K. That's plenty for a divvy of $50K to be paid out next month for August.
http://www.nasdaq.com/press-release/sunset-island-group-to-implement-monthly-dividend-for-shareholders-20170807-00656
$SIGO. Amazing there are MONTHLY dividend payouts with the first payout in September for the August profits! That will add up to quite a sum annualized.
$SIGO. Seems to be a tough stock to short due to the tiny actual trading float combined with NO convertables. Strong hands likely holding 75% of the 4 mil o/s and trying to cover any short would be a nightmare IMO.
$SIGO. These "monthly" dividend payouts could get quite HUGE going forward. Today's news of $.001 for August revenues/earnings is just the start. I don't know of any other stock that does monthly dividend payouts based on the prior months revenues/earnings.
http://www.nasdaq.com/press-release/sunset-island-group-inc-announces-shareholder-dividend-for-august-20170822-00297
$SIGO. Sellers took their profits and gave longs a chance to load more. L2 shows a super thin run up from here!
$SIGO. I'm sensing and IMO that 3+ mil out of the 4 mil shares available are locked by strong hands. Leaving just a very few for new investors. Would like to see a few large marijuana institutional investors try to pick up at least 1 mil each! There is only approx. 4 mil in the o/s.
$SIGO. The filings are pretty much self-explanatory + the fact the company is giving a tour of the facilities in October and I suspect will also give forward guidance and answer questions during the tour. Pretty transparent with all these filings and being a reporting BB stock. I think it should be easy to see the goings on with this company and know the officer shares are locked for at least 3 years. Who knows how high this company's revenues/profits will be by then.
$SIGO. Nice stock price analysis. Here's one I use on virtual debt free companies with HUGE fast growing revenue/profit potential like $SIGO.
For $SIGO - $46 mil revs/.50 EBIT = $23 mil x .60 (40% tax) = $13.8 mil/4 mil o/s = $3.45 EPS x 30 PE = $103.50 price per share.
$SIGO. Only 4 mil available. IMO, there is currently about 3 mil being held by strong hands for major $s while traders are whipping around 1 mil or less in shares.
$SIGO. I think if you read the S-1 filing, those shares "if" private placed are restricted for at least 1 year. That private placement deal may or may not happen anyway IMO. Only approx. 4 mil in the o/s for a very long time since the company officers just filed moving their approx. 46 mil common to preferred share status with a 3 year lockdown.
$SIGO. Approx. 4 mil o/s and over 1/2 mil traded so far today. More shares are getting Locked Up IMO. $20+ soon IMO.
$SIGO. And the beauty part is those preferreds are now locked up for 3 years by the officers/owners which is a long time.
$ASTI. dumbof, that recent redemption of of ALL convertables news is Awesome!
Between the recent prior redemption of preferreds to common by certain stockholders combined with this recent clearing of all convertables, I estimate the Total current/long term debt to have dropped at least $5 mil to the $15 mil or less levels based on the latest 10Q. Now if Boone would write a check for the balance of the TOTAL debt owed, that would be SUPER Awesome and should enhance Hong Kong Boone Group's stock value significantly with hopefully some large revenue contracts.
$ASTI. I agree about the Boone connection. Luv the words "potential Crown Jewel" and "swiftly" in the following August 14 link quote from Hong Kong Boone Company.
“Our long term vision is aligned with Ascent’s strategy. I am glad that investors and shareholders are beginning to take note of this potential Crown Jewel. We will continue to provide other support to Ascent Solar through our vast resources in China to help Ascent Solar swiftly commercialize its state-of-the-art technology and unique PV products in the Greater China region.”
https://streetregister.com/2017/08/14/investor-confidence-is-high-in-ascent-solar-technologies-inc-otcmktsasti/
$ASTI. Thanks for the update. Probably a good idea ASTI didn't follow through with the deal. They can expand mfg. in the U.S. if they have to IMO.
wellbri4, thanks for the info. I couldn't find anything current about it either way.
$ASTI. Is this JV agreement from about 4 years ago still in place with Suquian?
http://www.businesswire.com/news/home/20140102005340/en/Ascent-Solar-Signs-Definitive-Agreement-Build-Manufacturing
$WWIO. Hoping for good news here. What and When are the million $ questions.
$KALO. Not exactly sure what you mean ohmyohmy. If KALO is in operation with a capital restructure, merger, or whatever, it is currently being done quietly. The last couple of filings this past Spring did state that FE Pharmacy, Inc. (FEPI) and I assume FEPI owner Rajni Kassett said KALO could not say anything to anyone without the permission of FEPI. And, I think the company was going current no later than Oct 7 which is not too far away. We will soon see if those filings meant what they said.
$ASTI. Over 80% Insider Ownership as of June 21, 2017 per the following Def 14A filing on June 22, 2017. At that point in time there were 6,658,717,584 common shares o/s. This information from about 2 months ago is the most current factual information I have that shows insider ownership %. See page 11 of the filing link.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12141085
Since that time we understand the current o/s is approx. 8.6 bil and we don't know exactly what changes have occurred with insider ownership but I consider this "On August 10, 2017, the Company entered into a Redemption Agreement with the holder of certain Preferred Stock" Preferred Conversion to 500 mil common Shares an large insider transaction. I'm adding this 500 mil as another insider common share total. Link as follows.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12228182
The point of my earlier comment today is to demonstrate there is a HUGE % of insider ownership (by just a few) of $ASTI. + I suspect there are other groups/investors that may be holding strong another 10% or so of the Common Shares which takes away from the actual day to day trading float which was in answer to another posters question. So I'm guessing around 1 bil or less in the current day to day trading float.
$ASTI. You should do your own dd on this insider ownership. I'll post it when I get the time.
$ASTI. Hong Kong Boone Group owns 20% of the company as recently reported and the other insider groups own approx. 60% combined. Total approx. 80%. That stock ownership information is easily found.
$ASTI. Possibly Sales may not be the current primary focus of $ASTI.
$ASTI. Approximately 80% of the o/s shares are controlled by 5 or 6 insiders including Hong Kong Boone Group so these are not being traded. Suspect there are other groups controlling at least another 10% or so combined which just leaves a small actual trading float of less than 1 bil for retail. Us small retail investors are hoping to ride the coattails of the primary investors. Heavy financial restructuring is happening quickly thanks to the cash provided by Hong Kong Boone Group as noted by recent 8Ks. Thinking a Buyout of some sort is the plan.
$ASTI IMO has a product that other solar giants want. Looking at $ASTI as I would a fresh IPO as they continue with their financial restructure at a fast pace. Per yesterday's filing, NO more convertable debt with the $1.7 mil cash payment.
$ASTI. Nice morning read Vash87! Solar continues huge global expansion per all the articles out there.
Just a matter of time IMO for ASTI as the company keeps working on that balance sheet in a big way per the news this morning. Hopefully nice contracts are heading their way.
$SIGO. I expect if not already institutions will be all over SIGO trying to get a piece of the 4 mil float that is not already locked up by strong hands.
$SIGO. The company has already advised shareholders about the S1 filing for private placement of 20 mil shares while at the same time the company is considering lowering the current small 100 mil a/s also information to shareholders. Bottom line is the current 50 mil o/s where the controlling officers are locking up for 3 years 90% of the o/s. It doesn't get any better than that for such a very small common share structure. It also appears IMO and others that the current 4 mil float is also locked up by strong hands!
$SIGO. Currently only "Common" shares (50 mil) in the share structure. What is the relevance of your comment to the current SIGO capital structure?
$SIGO. Awesome close fellow longs! Just starting!!!!!
$SIGO. Absolutely. Some people play dirty when it comes to $s and providing incorrect information without current verification. It's our job to call them out and ask for updated verification to protect our interest in $SIGO!
$SIGO. What preferreds? I think the company indicated there were no preferreds unless you are referring to outdated info prior to the share restructure. . Your share structure posts so far today have been incorrect. Show proof of preferreds in the current share structure
$SIGO. If I only knew about $SIGO then while it was in the pennies. But, this is a rare gem with a low share structure and at the right place at the right time.
$SIGO. Bought 3 rounds of shares yesterday and thinking about another one here today. I have plenty. I'm not greedy. lol.
$SIGO. I like that and the position this company is in to benefit. Today's 8K shows how fast expansion will likely happen! Key supplier out of California!!! Big money will be rolling into this company IMO and I I think the officers are going to continue being smart about business as they are now.
$SIGO. Sigo has 100 mil a/s, approx. 50 mil o/s with 90% of that locked up for 3 years by the 2 officers, + approx. 4 mil in the trading float and I suspect the retail float is about 1 mil or less with the rest of the float locked up by long holders. The company has indicated they may drop the a/s lower from the 100 mil.
$SIGO. Hard to find a company like $SIGO that is beholden to no one but shareholders and puts that in writing! All treated the same!
$SIGO. Yes, I've already thought about that! Forward splits for a change as dividends too in addition to monthly $Cash dividends. Thinking if the company has 70% profit potential on say $40 mil in revenues that is $28 mil profits. Will most of those profits go back to shareholders? Hmmm. Then we would be looking at $.25-$.50 per share annually. By that time, the stock price will be $50+ IMO.
$SIGO. L2 is extremely thin with just a few thousand shares shown. Institutions won't care what the price is on a company like this IMO. They will buy whatever is left of the 4 mil float.
$SIGO. That's the beauty part of $SIGO! No toxic financing + 90% of the 50 mil o/s is in lock-up for 3 years by the 2 officers and the company is saying possible further reductions in the current 100 mil a/s! People are confused and putting this stock with a typical penny stock that has tons of convertables and little if any potential. This stock will likely go NASDAQ soon IMO.