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.
AN update on SkiQ would definitely be appreciated. That product's been the primary focus of this board, but it's hardly mentioned at all anymore by the company itself. I assume that they are not connected with the T-Mobile router that sounds similar, but are they? And how can they put out articles these days without even including mention of their stock ticker?
Stocks that have a history of dilution cannot be long holds. They can be traded and you can make great money from them, but I can't imagine people ever want to invest in $SRMX so long that they're next paying debt on a smart garage door opener.
And I think Max Li is greatly overestimating everyone's obsession with "energy conservation". Take away the light socket that can handle any light bulb (I like that), and I've liked none of the post-SkiQ ideas. I don't want a future where I'm talking to light switches or reading energy reports nightly; I don't like video cameras in doors, and I don't even like a future where I'm essentially forced to own a smartphone.
Interestingly, all reviewers with verified purchases tend to be quite critical; non-verified buyers claim to love it for the most part.
Only a year ago, there was a press release regarding the great sales with the surge suppressor. Here is the latest Amazon review of it:
https://www.amazon.com/gp/customer-reviews/R2FHU8UGLG7LR6/ref=cm_cr_othr_d_rvw_ttl?ie=UTF8&ASIN=B00TBDXO9Q
Customer Review
1.0 out of 5 starsFrom a Smart Home Expert: DO NOT BUY!!
ByAmazon Customeron June 9, 2018
Size: 6 ft|Verified Purchase
I received these yesterday, six of them. I tried for hours to get them working, but the cloud control website they use is either being hacked or has been abandoned. The website will not stay online for more than a few seconds making it impossible to enroll the device or even use its 'Smart' controls. I tried to contact the manufacturer this morning on their company website and the the contact form would not submit. I tried to call, but the number is disconnected. I even tried a direct email, but it was returned as refused. The company's facebook page has also been shut down. Seems like they just unloaded these to Amazon and bailed! Again, do not waste your time!!
Does anyone recall if the "NDA" stuff has ever been mentioned in a press release, or in an SEC filing? Or has it only been in email correspondence with shareholders?
Moral turpitude should definitely be frowned upon.
If the thermoring and the smart dimmer (that can dim lights even when you're not at home, if I recall) is now the new focus for the company, would that be a negative?
Only SkiQ will be SkiQ as the name is trademarked. The technology is not patented, etc -- if I am wrong here, please correct me, but I don't think any company would be able to patent the technology -- so it's possible T-Mobile might have a winner with that product -- especially if it also offers a cost savings. I was not expecting SkiQ to offer a cost savings, as their prior products (like the surge suppressor) were all priced fairly high prior to going into the discount bins.
Are Northridge diluting particularly hard today for a reason? Is another lawsuit on the way? Hard to know what's a good price to buy without knowing the future at all.
No ticker change is assumed now, but why didn't it happen?
Is SkiQ still a big part of the future -- or is this more a thermometer company? If their products are good, why can't they sell them to a company with some cash and good credit -- as all the produts require customer service and advertising money that Tricascade lacks.
So their dimmer gives one the function to dim the lights in a room or on a floor you are not in.
Finally!
Being very serious, I do not think a lot of home builders want a pollution index device built into new homes they are trying to sell for a lot. If the air quality is good in and around the home, that should be expected; if one gets a bad reading, just gives one a new reason to not buy.
So their dimmer gives one the function to dim the lights in a room or on a floor you are not in.
Finally!
Being very serious, I do not think a lot of home builders want a pollution index device built into new homes they are trying to sell for a lot. If the air quality is good in and around the home, that should be expected; if one gets a bad reading, just gives one a new reason to not buy.
The new financing update suggests they have $35000 in cash, around $175000000 in debt, and they continue to lose money on a quarterly basis.
I am in awe of those who managed to make money on this during its last ascent to 2+ cent range. Whenever it dipped, i never had the confidence to hold, as this company seems more bankrupt than those which have already went bankrupt.
Hopefully they will do a reverse split or a few of em after their next financings take them near the 3 billion share threshhold. If they become a low float again, it's much more easy for stock to go up irrationally.
thanks for that info!
Tricascade has an Instagram link (https://www.instagram.com/bright_energy/) on the Tricascade site which suggests they were once called Bright Energy. Perhaps they lost that name after finding other companies with more or less the same name (Bright Energy Solutions, Bright Energy UK, Bright Energy Limited). Anyway, are the commercials on the Instagram site their commercials (circa 2015) or are they read-overs of some other company's commercials? I'd assume they are theirs but they only include a few seconds to each, then keep replaying it.
GEVO is more similar, IMO, in the way that past experience in the stock can screw up future opportunities.
I lost on a GEVO pump two weeks ago, and failed to have faith that yesterday's press release (which was good) would keep it from dumping yet again.
Financing was only good if the terms were good. They weren't. They do allow for the stock to stay as it is -- junk, with the occasional 200 percent jump. Worth following, not worth going long on. Company should have found a partner or been sold outright. Cayman Island lenders also lend to DRYSHIPS.
This seems the biotech equivalent to that IMO.
I liked your post a lot too. Best of luck.
Significant number (above 10,000) on the BID right now. No clue how this will turn out.
In cases of financing, partnership, or buy-out, everything seems past due.
Perhaps you're already there, but between now and tomorrow, make sure you've done enough due diligence to be comfortable with any trading decision you make. And with that, feel free to ignore the below babble.
But from my own experience in the world of crap stocks, those that go bankrupt tend to rocket the trading day before so that institutional and hedge fund investors can get out. If H2004 is correct, he thinks this will go gently into that good night, and I don't personally see that.
Also, from my own experience, the 20, 50, and 200 day averages do have a big importance in sales of companies. I don't know the adjusted 200 day average for this stock off-hand, but I definitely do not expect more than double that in an acquisition. I likely would bet only a 40 percent premium. So this company will be acquired for cheap, IMO, if they get acquired. But "cheap" by my definition was still worth a gamble at current prices.
Duluth metals went from 26 cents to 9 cents on its last day of trading, then sold for 45 cents. A slightly different scenario for that stock, but proof that good endings sometimes happen. I think most people here wanted a greater risk reward ratio, but company did what it could to raise the 20day, 50 and 200 day averages for a reason imo.
I expect acquisition or partnership. Acceptable gamble at current price. Would not be surprised if PPS takes a huge hit in last hr, but expect good news afterhours.
Never will forget the lack of comments and general quiet of the board on May 5 (when the stock last had an extremely pleasent run). Expect the same today -- little conversation if news is good, tons of posts if news is bad.
I think its market cap has more than tripled since January as its share price has held its own, more or less, while being diluted over an extra billion or two of shares.So in a sense, company valuation has gone up.
Hard to say whether stock has done poorly for shareholders, as shareholders should be swing-trading it, not holding it, and the daily variance between lows and highs suggest some are doing very well via this method.
Anyone reluctant to swing-trade it likely changes their mind each time a new suit gets filed.
To those frustrated that non-investors follow this thread, get competent management. Current mgmt has an army of pumpers that seem willing to allow mgmt to dilute the company, with no complaint, for any reason at all. This is unheard of, and so it's fascinating. I prefer checking in on this thread than on that of any stock -- the good ones, or the "gambling" ones -- that I own.
i literally would not even want a free "smart" thermometer. That Max Li diluted this stock a good billion shares on thermometer-related bills alone is ridiculous. Y'all are far too kind to him.
Sizeable number on BID right now. Personally added 1001 shares today on ASK, at 10:15 and 10:17 AM. They are so far the last trades of the day, so it does not appear I helped to ignite a pump. Or did I?
Bad companies whose stocks have went up 1000 percent in recent memory (DRYS, DCIX, DCTHD, ICLD, RSLS) are really hard to sell when a 50 percent pop doesn't put a real dent on your debt, etc. It's impossible not to get really optimistic, and hope for 500 percent.
Just a comment.
Won't pretend to know what the stock will do this year, but it's obviously a risky one to go long on for any stretch of time. Good luck to you.
Since you have invested a lot, did you read the 10 Q? They didn't speak of just one financing for 2018, they expected the need for multiple financings. They hope to have enough liquidity to pay debt payments when they are due, and they obviously need to make sure that they do make those payments. Hence talks of a credit facility, and their routine financing vehicles.
The profits for this quarter mostly came from the sale of an asset (that they can't continue to resell each quarter, as it's no longer theirs) and debtors will definitely want real cash, not accounting tricks, to satisfy the debts owed to them.
It was a well-written press release that gave investors the pop they desperately needed, but the company is the same company people hated a day before they released that 10 Q.
I personally don't plan to buy more shares on anticipation of a buyout until May 30-31. Lots could change before then. If a financing, I'll wait for the bottom. And if they finance $1 million at a time, I'll personally just invest elsewhere.
There is evidence supporting against bankruptcy. The other 2 scenarios (be it financing, or a buyout) are worth a gamble IMO in a situation where reward is far greater than the risk. If it's cheap, even cheaper than now, and if bankruptcy is essentially off the table, then the odds aren't bad.
fair enough comment, but most investors would consider an offer valuing Delcath at, say, $12-20 million MC, to be a cheap acquisition.
If Delcath has been unable to secure decent financing, then Delcath would have to recommend that the best offer, however low, be accepted...
Of course, this scenario might not happen, but it's the one I'll likely be gambling on. Right now, at 1 million shares, there is no reason this stock has been this unexciting for the past week or 2 without some entity on either side helping to keep fireworks from happening.
It's always possible that interest has hovered around project, but that Delcath the mgmt have been uninterested in selling.
However, if they cannot get adequate funding, it's a case of either sell or perish. There is no interest to take this into bankruptcy proceedings IMO, so there then becomes interest out of necessity in accepting whatever offer there is on the table.
Mgmt would likely get a good chunk of change from the sale; investors who have arrived late to this swingin' party will do okay too, I would think.
I thought you'd agree with me about the reverse split -- that they absolutely needed it done so that they could stay on NASDAQ, and that it was partly her job to ensure it happened.
Given all the agreements she had with lenders -- forgiveness of certain debts, etc -- it's just baffling that she was able to stay on as leader after failing to push it through.
Right now, I simply think they would have done a financing already if that was the route they were going. I am among the few apparently who really think a buyout/acquisition will happen now. At what price? Much cheaper than most would hope, but at a far better price than May 31, COB.
Words like "honorable" seem ridiculous. All humanity has some good -- even killers/rapists will save a child playing on the street from a speeding
car -- but she was very bad when it came to getting the RS approved before they left NASDAQ.
It's not just the shareholder's/daytraders' fault there; I know of no other company that doesn't ensure they have the votes to approve an RS when they absolutely need it -- except terribly run ones.
The other day, I was writing one of my routine, rather negative posts, saying this company was going to go the way of $ICLD (which had become very illiquid, after once being a popular, heavy-diluting pump and dump). Well, $ICLD is now up almost 300 percent today ... on a quarterly report that's far from great, but who cares if one's invested in it? So one never knows, I guess.
230 M shares (correction -- my apologies) based on info from page 9:
- -
Dilutive shares related to convertible promissory notes - 127,735,252 -
Dilutive shares related to convertible preferred stock - 87,436,185 -
Dilutive shares related to warrants - 4,634,622 -
Dilutive EPS $ 4 230,979,608 $ 0.00
Diluted Earnings per Share (“Diluted EPS”) gives effect to all dilutive potential common shares outstanding during the period. The computation of Diluted EPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on losses. As a result, if there is a loss from continuing operations, Diluted EPS is computed in the same manner as Basic EPS. As of March 31, 2018, the Company’s common stock equivalents included 64,867,725 shares that could be converted based on certain convertible preferred stock, 33,339 shares related to outstanding warrants, and 417 shares related to outstanding options that were not included in the calculation of earnings per share for the period then ended.
It's going up, so congrats, but 290 million fully diluted shares suggests we're at 50 million MC now. That makes the stock seem overvalued already IMO, but nothing wrong with being overvalued, and the more the merrier, and glad to see folks doing well here.
They said most of the profit was due to an asset sale in the Form 10 Q. They still expect to reduce more debt via preferred shares (we're now at 290 million shares, when fully diluted), and to secure a loan facility to ensure liquidity (of which they are already in talks).
Stock appears PI-driven, at the moment, so as long as no one reads the 10 Q, maybe it's full speed ahead, but anyone who does read the 10 Q knows to have a finger on the SELL button.
A very funny post, thanks. It was nice to imagine workers at a store treating a possibly incoming router like the 2nd coming.
Did $SRMX ever file for an extension to its quarterly report?
The trading (or lack thereof) is interesting to watch but you can't draw conclusions from any of it. A single person buying over 10,000 shares at once could make this sub-million share stock seem as if it's about to soar.
They don't need to buy based on news. They can buy (or sell, or short) for any reason. Most of the people who invest on gambling stocks invest largely on their hunches as much as anything else, I would think.
Anyway, on the recent Friday where it actually did make a huge jump, it may well have been a single investor causing the action, and if that said investor sold out of his position by mid-day the following Monday, perhaps that explains why trading has mostly stopped since... but that doesn't explain it either.
Ticker, alas, could pick up at any time. It could shoot up, or shoot down. It has to be one of the most easily manipulable stocks on the market right now. That long-term investors are trigger-shy makes sense. That short-term investors have more compelling risk/reward opportunities makes sense too (as this comes with the risk/certainty of a near-term financing, assuming buyout does not take place).
But to say that news (positive or negative) doesn't matter because the ticker did little these last few days is a conclusion you can't make IMO.
The length of this post is ridiculous, apologies to all for it. But I babbled too long to just cancel post.