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Zacks Ranks QMCI a #2 (Buy) Stock!
Surprised to see a Zacks article touting QuoteMedia as a value stock. The article was released on 4-16-24. The next day volume was 545,390.
There is a link to the article on the QMCI website.
No!
i don't think there is anything meaningful in the pipeline. Based on what DS said during the last call, and what the Chairman said in the earnings press release I would be surprised if any significant deals are signed before the end of the year. This void in signings seems strange! To me it looks like something that was close to being signed fell apart.
I am troubled by one sentence on page 16 of recently filed 10-Q.
See my post #1782
There was nothing on either the bid or ask side of level 2 showing a block of that size available
I think the folks at Noble Capital Markets said it best:
"A Decent Performance, But We Were Hoping For A Little Bit More".
At least the P/E has been cut in half.
Conference call has been attached to the website.
Looks like .30 is the new .25
Buy orders for 100,000 + shares @ .3000 and up.
Maybe Just Maybe...............It's Happening
52 week High, Large Transactions.
bobbo: I would vote for a $1.00 per share offer. If I remember right during the 4'th qtr 2022 conference call DS said they were busier than ever and sending out replies to bid requests almost every day. Signing a few more big deals soon would make $1.00 per share, or more, a very real possibility.
Conference call has been posted to the QMCI website.
The call was very low key. No surprises. The usual talk of a brighter future that just seems to never get here. Only one question asked.
I'm convinced the most interesting thing about the future is the owner of ~7% of the company!
11%???????
Not the number I was expecting! see what they have to say Monday.
Reaper and Bobo - nothing really new from the Q & A session. Usual questions, usual answers. Nothing was said about the huge white elephant in the room! Personally, I don't think anything will be said until after some kind of a LOI is signed. There is no way Mr. Giles spent that much to be a passive investor. On a side note, it seems the 13D in Dec may not have been necessary. There is no mention of any 5% shareholders in the annual.
Some of the highlights:
Margins should continue to improve to ~53%
2022 revenue didn't include much from 2'nd bank deal.
They are busier than they have ever been responding to requests for proposals.
See QuoteMedia.com for 2022 Annual Report.
I am convinced that someone in Fountain Hills walks around with a list of shareholders willing to sell, while someone in Vancouver walks around with a list of shareholders wanting to add to their position. Then maybe every couple of weeks they compare lists to see who they can accommodate.
On a different note - still watching for some news regarding the plans of QMCI's new 7% owner.
WOW - QMCI UP 41/2 CENTS In One Day!!!
Is QuoteMedia jumping on the meme stock train?
Reaper - You may have hit the nail on the head.
Interesting times. See where this leads to.
Looks like Mr. Giles is also CEO of Embed Financial Technologies, which was bought by FTX US in 2022.
See SC 13D link on QMCI website
From QMCI's own web site:
@ 14:43 3,005,000 shares @ $0.20
@ 15:08 - 2,948,027 shares
68 Trades total for the day Value - $1,232,982.56
QuoteMedia to Present at the Planet MicroCap Showcase: VIRTUAL 2022 tomorrow (Wed.)
DS will present a 30 min. overview of the company. Apparently you have to register at https://planetmicrocapshowcase.com/ to watch the 12:30 presentation.
Personally I'm hoping DS announces he would like to sell the company and for anyone with deep pockets to call him.
Reaper - Your numbers are sound! And I agree that you would think that there should be little downside risk to buying at these levels. I don't think the recent selling had anything to do with QuoteMedia. Sometimes people have to raise cash and stocks like QMCI suffer.
On a different note - I don't know who sucks more, my broker or the exchange that QMCI trades on. I've had a GTC order in since Monday that has yet to show up on level II.
Done ranting.
Good luck to everyone. We Will Be Rewarded!!!!
I needed more shares like I needed another hole in my head, but I just couldn't help myself.
I've been watching other QMCI boards and I tend to agree with what a few posters are saying. A few are calling QuoteMedia a takeover play. While "takeover" isn't the right word to use, I agree that shareholders will most likely not be rewarded until the company is sold. It's obvious that DS doesn't care about share price. He practically said so on the recent podcast interview. With the amount of shares he owns it would be impossible for a competitor, or investor, to buy enough shares to force a cheap sale.
I believe the current plan is to keep growing the company, piss off as many competitors as they can, then let a pissed off competitor buy them.
It's just a matter of time. The question is, how much time?
The 10 minute 2'nd quarter conference call has been posted to the website.
Extremely conservative revenue projections
10 - Q is out
If you're the kind of person who believes the glass is half full rather than half empty you have to also believe that this is an incredible buying opportunity!
See #1695
Once again, interesting comments from Robert J. Thompson, Chairman of the Board. As part of the earnings release he said "We continued to increase our market share, developed important relationships with client and partners, created new innovative product and service offerings, and we are continuing to explore other opportunities to grow the company".
1'st Quarter Conference Call has been posted to the QMCI website.
QMCI Signs Another Deal! QMCI announced today that they have signed a deal with The Motley Fool.
Q1 Financial Results and Investors Conference Call May 13'th.
Conference call 2:00 PM Eastern time.
ID: QUOTEMEDIA
Should be all good, except maybe margins (which aren't crucial at this point in time).
It's pretty bad when the company you pay to say good things about your company is single handily responsible for blowing up your companies stock rally!
See recent news below.
QMCI Signs Another Large Agreement!!!
QMCI announced today that they have signed an agreement with one of Canada's largest banks.
bobbo5 - I would like to think that would be quite a safe bet.........................but I've been wrong before!
I don't understand why there are sellers at this price. Things look better now than ever before. Maybe sellers need cash for margin calls.
Yearend conference call has been posted on QMCI website.
Check your conf. call in number. Original press release had the wrong number! The correct number is 866-831-8713.
Earnings release in a.m.
Conf. call at 2:00 PM
Conference ID = QUOTEMEDIA
I wish all my stocks were holding up as well as QuoteMedia is!!!
Over the weekend I read the Q3 earnings call transcript again and couldn't help but come away encouraged. Clearly the size of contracts being won is growing! A few of the statements from D.S. I found most encouraging are:
"I'm incredibly happy that we're seeing many more large firms
coming to QuoteMedia for our products and services"
".....on tract to win some of these larger deals..."
"we're certainly busier than we've ever been"
I believe before long people will be saying "I wish I bought some / more when the price was $0.17 per share!"
Happy New Year to my fellow shareholders. During this year let's hope QuoteMedia:
Builds on 2021 momentum
accelerates sales/revenue growth
attracts new shareholders
and demonstrates they can land (sign) the large contracts