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Praytell, how did you conclude this?
This stock seems to defy all logic. Huge distribution channel, moving towards profitability, relatively decent footprint(poor exposure though). The 10Q's and rebranding have effectively turned the company around, yet because it's a low volume trader, people got tired of waiting [like you would do with any normal investment] and just kept selling. And it never stopped.
I seen crushing drops, e.g. PLUG and ICLD, but this has been epic with little rhyme or reason.
Yes by, from Newfoundland. Send some sun our way; it's just fog.
Long may your jib draw this one. The bottoms feel out, but it be gettin on soon.
Let's be honest with the numbers.
The 52 week high of $0.07 you're referring to is about as relevant as saying their 5 year high was $1.50. The highest number attained while in a decline since inception.
Some of the more important figures would be revenue and GAAP EPS, which thankfully the company has been competent enough to reign-in in a proper ans steady fashion over the past year, decreasing the loss per share.
Who knows, it could have a positive EPS by the end of 2014. The company still needs to work on it's PR and transparency to shareholders.
NT 10Q issued for 1st quarter.
Let's do this!
Looking forward to 10Q regardless of the PPS. Hopefully managment is reading these boards and starts fresh in 2nd Quarter, providing more updates to their operations.
Conversely, just because a stock is down to this level doesn't make it a sell. Atleast these guys have a tangible product that can be found in some form of distribution. So there is enough evidence to suggest there's a business unlike a lot of these subpennies where you see constant pumping of an imaginery product.
I never did get a chance to check out the meat product before they discontinued it. It has discontinued since I've been up here in BFE Canada working. And there is no DNA distribution up here, atleast not here in Newfoundland. Otherwise I'd be slamming 2 of those bad boys daily, during my mindbending 3 hour commute just to stay awake at the wheel.
I like the slow growth approach personally, but to defer your salary as a means to, I presume, bolster the positive image of the company will be for not if these guys don't start giving their shareholders information.
I'm a construction guy; I love KPI data. It's nice to know when we're progressing towards bigger and better things. I know it's not a fair comparison, but let's use Nestle for instance. They do a PR for virtually everything.
DNA should have PR'd their change management like all respectable companies do. They should PR nearly everytime the hit key milestones in production and distribution. Shoot, issue a PR for each State that hits their milestones. F***, even a PR for Asher wouldn't hurt. Instead we get a GD SC 13G telling us this without explaining how it would be to the strategic benefit of the companies "stakeholders" because the idea afterall is to enrich the lives of the community.....*while secretly making me filthy, stinkin' rich.
Seriously. How are investors to make an informed decision to invest in a company if there is little to no data available to use.
GET OFF YOUR A**ES DNA AND SHOW US WHAT YOU'RE WORTH!!! - I could use a DNA beverage to quench this thirst!
LOL!
It's unfortunate that these guys don't do more to inform the investors on the current status of operations. We instead have to wait for each filing to know what's going on. Even a simple letter to the shareholders mentioning hitting milestones on production or the introduction of newer product lines.
It's bad enough that this stock has such a low float that it's not liquid enough to move in and out of. While I do like the tension, I love updates even more.
They discontinued it in favor of focusing more on the beverage business.
This is brutal. A little PR or IR goes a long ways. What about some milestone updates or something to wet everyones appetite.
Let me start this response with, I believe in this company as a growing enterprise.
While $0.01 is possible, that's a little unrealistic just because they show revenues. I can give you an example of a company with similar A/S & O/S, 200x the quarterly revenues, a slightly positive P/E ratio and big income, and even they struggle to break $0.01.
Not to be a debbie-downer here, but FRCN has a negative P/E ratio. Their earnings are negative despite increased revenues. It will take consistent QoQ and YoY revs and earnings increases before they're really profitable. They would also need to have a distinct advantage in the markets they're involved with to ensure the PPS continues to move in the right direction.
I think what they're doing right now is the apprpriate means for ensuring an advantage. They're rapidly expanding into growing markets and expanding the franchise. If they keep up this pace, and of course shed themselves of POS convertible lenders-may they rot in hell, in the next 5-10 years, I can definitely see this company standing out from the rest.
As insane as it sounds, making a public spectacle out of generosity to charities and support for the fire fighters union would also help reinforce their presence.
Very nice. This should compliment the impending 10Q.
I don't think that's it.
It's possible Asher doing it. They have enough shares to do it. I've seen this happening with another company involved with them.
Investors at this level are no different than any other investor: we all want to make money. It's the people posting on message boards about the stock who's credit I would question.
A Form 3 is a standard disclosure of ownership; it's nothing significant.
To add to the advice of others on the board, if you've done your DD, use a MENTAL stop not an actual stop order. Subpennies are always subject to wild swings. If you know you have a good thing, then hold onto it no matter the rhetoric posted on these boards.
Try to switch you're thinking to 'don't lose money' instead of trying to profit all the time. If the price tanks, and again you've identified a good thing, double down and plan to cry yourself to sleep or choke a family member for the next few weeks. And when it turns around, take some profit and buy that family member, that you probably drove insane throughout this whole ordeal, a gift or a good meal.
Uplisting to Nasdaq? Is that fact or just speculation? Where do people even come up with crap like this? This company is nowhere close to meeting Nasdaq requirements. If anything, the way the OTCQB is restructuring, OTCQB could become an alternative to Nasdaq in the near future.
140,000 snapped up at $0.01. What the hay.
All for the greater good my friend.
X3. Know exactly where you're at.
That was my reaction last week when this thing was sideways. I dumped everything except for a small amount of shares. I'm taking my hit and moving on.
Not just the 10Q, but the 9 months ending September 2013 was $227,298 so something really isn't making sense on the 10K.
I'm not saying you're wrong. The problem is there's no way to tell where the number starts. It probably does begin at 1000. It's difficult to gauge current count because even a credit order can be issued via the same mechanism in some systems.
I've scoured the site looking for that information. I feel fairly confident that it doesn't exist, and that information such as that would remain proprietary until released.
Brilliant. Looking forward to next week.
What is going on with this stock lately? Is this a shake-out before a run?
Everyone needs to relax.
I'm new to posting to IH, but not new to following companies in similar situations as FRCN. When the contracts start posting, everything will start heading in the right direction.
Consider that company budgets for 2014 would have only been recently approved to allow for tendering or direct contracting. Also consider Texas is still getting cold snaps which would delay issuing orders for this kind of work.
You can argue dilution-this or sh*t PR/IR that, but the fact of the matter is there are other considerations. This is going to be a hot Summer. Being in construction myself, this is just kind of how it works.