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Good luck devil dog! I keep adding every day, averaging down. Adding more today. Only a matter of time before this rips north. Earnings will be reported 5/6 after hours, which is when I suspect all the naysayers will quickly realize Coinbase is a cash cow.
Optimistically speaking, COIN has just about ended up where many thought it would go.
Companies of a similar size that IPO land about 37% above the direct listing price, which in this case was $250 for COIN, and 37% upward puts it around $340. (Reference:
That's a speculative, negative assumption but you're not wrong to be concerned.
I've tried a few other crypto trading apps to test the waters and found Coinbase to have the better tools and charts, albeit there is always room for improvement. Coinbase has built a brand as being the more trustworthy and easy to use crypto trading option, which I think will translate to customer loyalty.
In many states like WA, for example, Coinbase is also one of the few crypto trading apps legal to use. Others include Gemini and Binance.us, which have comparable fees. The other trick that crypto trading newbies fail to realize (perhaps at first) is that Coinbase has two apps: Coinbase (higher fees, simple to use) and Coinbase Pro (more complex, better chats and tools, and above all lower trading fees than the normal app).
Coinbase isn't going anywhere. I strongly believe it will be a major player for years and years to come. Won't be surprised when COIN hits $1000 per share, again, Long.
I'm in the 'jumped in too soon' boat, but averaged down to around $325 per share.
I use Coinbase and I have many friends and family members who do as well. Reality is COIN makes truck loads of money on crypto trades - operating with gross margins at 89.39%, according to Etrade.
Yes, today's trades are mostly based on technical data due to Coinbase having just IPOd. Those who jumped in looking for a quick buck are probably hurting and not happy. But I'm still in it for the long term; Longs will be cheering IMO.
In at $331 and HODLing for 5-10 years.
No brainer for those who trade cryptocurrency and know where it's going.
Good luck!
Truly impressive website, and their iOS app is rated 4.9 on the Apple store.
This is a SOLID company.
https://www.healthlynked.com
Gap up tomorrow. Love that insiders are buying.
WEEEEEEE! Looking strong. My average is 0023 and no doubt we will see 50s
Exactly. Interestingly, if the float is much smaller than my original estimate, the company’s value based on revenue and 10X multiple would be even higher than .0016 price per share. From a market perspective, anywhere from 6x to 10x (and even higher) is very common; in fact, banks regularly use this range during underwriting processes when valuing a company seeking a loan. The market does the same thing.
BLDVs latest press release indicated that when they release Q3 financials, their $250K in revenue will be included, and that’s all the verification we’ll need for PPS to make a major move upwards.
"The combined group is one of the best application writing teams in the industry," continued Mr. Alper, "Recently in Missouri we were involved in 15 applications that produced a revenue of over $250K that will be reported in the 3rd Quarter numbers, but it doesn't stop there, in select applications we were able to give a significant advantage by leveraging IP owned and controlled by H360."
I haven’t seen the float, is it at 7 billion? I’ll assume so. Ok, so then in a PPS calculation we can see that $250K x 4 (for annual revenue) is $1M. Add a commonly seen in the market 10x multiplier for annual revenue and we have a $10M company valuation.
10,000,000 / 7,000,000,000 = .001428 Price Per Share
June 2 is when that Vegas event begins, and BYSD is supplying the CTM machines for it. Correct?
Sounds like all next week there will be quite a lot of buzz around this and one of the big players making money is BYSD.
Mmmmm’mmmm!!
These are the types of catalysts that get me excited.
Enjoy the long Memorial Day weekend, but next week can’t come soon enough!
Wow, love what I see here. Count me in!
I've been lurking for a bit just researching DD, everything about BYSD is salivating. We'll see new highs very soon.
“Many small companies rely on selling convertible debt to large private investors (see private investment in public equity) to fund their operations and growth.”
Like I said, it’s only “toxic” if the company is unable to grow (ie. Sell its products). You’re assuming it will fail to sell its products. Actual investors are hoping for positive business announcements, which appear to be the case here.
According to the link you provided, "Net cash flow used in operating activities for the nine months ended September 30, 2017 primarily reflected net income of $2,928,184 and the add-back of non-cash items consisting of amortization of debt discount to interest expense of $492,667, a gain on derivative liabilities of $4,366,056, provision for bad debts of $1,500, stock-based compensation expense of $229,289, stock-based interest expense for debt issuance costs and modification of $134,801 and debt issuance and settlement expenses of $58,500, and changes in operating assets and liabilities primarily consisting of an decrease in accounts receivable of $33,889, an increase in inventory of $153,132, a decrease in advances from customers of $74,876, a decrease in advances to supplier of $120,362 and an increase in accounts payable of $29,497."
You're not using the term "toxic debt" in the traditional sense. It sounds like your definition of toxic debt is money they used for operating activities, not actual bad debt that will never be repaid (unless you're assuming their products at The Home Depot and on their website will never sell).
Also remember that this report is from 2017. Today we learned from the company that they will be "announcing positive business" developments shortly:
$PFWI Petrone Worldwide Inc. looks forward to announcing positive business a developments as they are achieved in the near future. pic.twitter.com/CuvXCu1ICc
— Petrone Worldwide (@PetroneWorldwid) April 13, 2018
Picked up some shares. I like how for the nine months ended September 30, 2017, PFWI reported a net income of $2,928,184 -- compared to -$698,946 for the previous nine months in 2016. This rapidly growing company has products online and in retail. What's not to love?
Net income: $2,928,184
Current market cap: $492,296
We have long way to go to reflect the true value of company.
'Tis the season. ;)
I think things will begin to heat up here again. MJ stocks can be cyclical -- and the season is just beginning.
Go BLDV!
This is one of those great stocks you buy and sit on knowing what you own. Could be a week, maybe a month, but at some point in the very near future this sucker is gonna blast from this launch pad we’re resting on.
Millions in new contracts are flowing in by the week. Looking forward to what’s next... could it be the “big one”?
Great day today. :) With ten's of millions worth of incoming contracts yet to be announced, and all the news to follow, this will keep trending up.
Go SGSI!
“$1.2 Million in New Purchase Orders in Last Week”
That’s in addition to the $3.5 million earlier this year.
SGSI "has received over $3.5 million in new contract awards year to date 2018."
From the March 8 PR:
From what I understand, SGSI is on track to do $60-80 million by October. (New contracts on the way.)
Blue skies ahead folks :) https://twitter.com/OCMillionaire/status/973210055691546624
$22 million in revenues, low float, SGSI will move north. All the back and forth chatter looks hysterical to me and is a bit off topic. Almost as if shorts are scared and trying to keep this down with irrelevant, speculative noise. The fact is this company is making millions and was just awarded over $3.5 million in new contact awards just this year -- and more contracts are on the way.
SGSI is looking good!
Count me in. Current market cap is only about $3 million. This has a long way to go before PPS reflects true value.
$12 million in new revenue per year alone just from the hospital acquisition. PPS needs to hit .025 to reflect this for true market cap valuation.
I'm in Long. Added another $2K today, and looking to add more.
Nobody can know for sure but that’s the scenario I imagine is likely.
My guess is it gaps up and screams higher, breathes for an hour or two, then finishes the day strong. Stocks always breath, but with such a low RSI at current prices as well as a current market cap that is tens of millions undervalue, it may take another day or two of incredible gains before a breather.
I have yet to find anything negative, in fact, the more I dig the better it looks. The $1+ million in new revenue per month is simply icing on the cake.
Won’t be surprised to see .05 in the coming days or week ahead.
This hasn’t even hit the breakout boards yet ;)
More eyes to follow....
Oh, snap! $90M in revenue... this is going to .2 real quick. And here I was focusing on the $12M chunk change per year from the hospital. WEEEEEEEEEEE!
With $1 million in revenue per month with just the one hospital (not including the second one that's 2 or 3 times larger), that's $12M a year -- current market cap is only $8M. PPS will need to hit .025 in order to reflect the $12 million revenue from that one hospital alone.
Considering the second hospital is two/three times larger, that's potentially another $36 million in revenue per year.
Add all that up and PPS will need to hit .1+ for a market cap that reflects reality.
Based on all that info, I'm going to throw another $3K at RNVA tomorrow. Nobody can predict the future, but if you ask me, this is as close to a sure bet as you can get in the OTC world. What a gem!
It boggles my mind how the stock price ever got so low in the first place. :)
Excellent interview! The CEO sounds very competent and with incredible plans for the future.
What I loved hearing him say:
"The hospital collected about $1M a month in revenue," and "we will exceed that." Not to mention the second hospital, which is "two to three times that size" should give RNVA a "significant bump in revenue for 2018."
To da moon!
I saw that and giggled - we're looking at quite possibly the most undervalued OTC in the universe.
At today's PPS, if O/S is accurate, market cap is only about $85K. RNVA has so much room to run!
Count me in. RNVA, what a gem!
VMSI Secures Non-Toxic Equity Funding at a $150 Million Valuation
"This round of funding is in the form of a non-toxic equity investment and was completed at an approximate Company valuation of $150 million. According to OTC Markets, the Vita’s current valuation is about $68 million. This round of funding took place at more than 2X its current valuation, which would put the stock at around $.14 per share." Source: http://emerginggrowth.com/vita-mobile-otc-pink-vmsi-secures-non-toxic-equity-funding-at-a-150-million-valuation/
When VMSI PPS hits .16, market cap will reflect this $150 million valuation.
You're reading it wrong, that's the A/S.
More info: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138911890
It’ll keep happening too. :) Mega buys aren’t gonna stop until 80% of the float is retired. From the sound of it, VTNL may be buying shares for the next week or two in order to reach its goal, unless it’s buys 600 million shares all at once which is not likely (they seem to be buying in chunks of 30 and 40 million at a time).
That’s why I’m buying too. I’ve seen numerous mega buys yesterday and today.
VTNL is buying back hundreds of millions of shares at whatever prices people will sell at; if flippers let off the bid whacking peddle this will skyrocket.
POW! 32 milly slap at .004974
Grabbed some more today. Very healthy chart and momentum.
Looking for retest of .007-008 today, but would be outstanding to see new highs. Considering the share buyback to retire 80% of the float, and with $3.7 million in revenue in just 90 days, we've got a long way to go before the market cap reflects the true value of VTNL. IMO penny land is inevitable. :)
Gapping... the share buyback will commence immediately
You should do some more research on A/S vs O/S. Only one of them matters to shareholders.
We’ll soon find out!
I too would love to know the current O/S as well as how many shares the company will buy every day until they retire 80% of the float. Today was only the first day of the buyback campaign. Would be funny and awesome if the company only bought a couple hundred million shares due to retail also buying — they have to buy over 600,000,000 shares to retire 80% of the float. I highly doubt 60% of today’s trading was VTNL.
If they keep this up every day for the next week or two, it’ll continue to be a wild ride to new highs. Exiting, to say the least. :)