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YOY growth was 45% for 2014. I can't seem to find another ticker with 24mm in revenue and 45% growth that trades at 0002 and a market cap of $180k.
Who files an S1 to just "propose" a R/S? They filed to raise capital and uplist to Nasdaq. It says so right in the S1. Yes they will have to R/S to complete the raise and uplist. This stock is so undervalued when the R/S happens it's going to run hard. The underwriters have to run it to raise that much capital.
Fact is the opportunity to get cheapies is about to end. I have my tix. GLTY.
Looks like someone is about to give them $17-28 million dollars.
Well the IRS is liability, not debt so he's right and obviously he's referencing convertible debt.
So which is it? Did he take a bunch of debt or didn't he? We already know the real answer because it's all public. Don't know why we have to keep fabricating things.
The co has a market cap of $169k. With its massive revenue I'm happy to be able to pick up so much stock at such a low price.
We can't really call that "gave away" then can we? How about issued stock to reduce debt? The CEO told us months ago this was coming. Paying off debt with stock and cash. Seems like a much better strategy than carrying it forever. Now I will say the timing was poor. I don't know why he waited so long to let this debt convert. Let it all convert and just get rid of it. Don't even pay with cash imo. There are smart people that will buy this cheap stock.
The revision was given right after they announced the insurance. Why try to make it into something it wasnt? He missed my 4%. We get it. All this other blabber about lying to shareholders is just that, blabber. This co has been more than transparent, perhaps even too much.
Most are doing their DD and finding out how undervalued this stock is. That's why we see so much volume.
Yea he revised them. And let's not forget he revised them after culling business that didn't fit for the co with their insurance program. And he missed the revision by 4%
These are facts.
That's more than just saying "he had to revise and missed still". These are twisted versions of the truth (lies).
People should look at ALL the facts when doing DD. I'm happy to see this stock under so much pressure. We are going to make a killing when this debt is gone.
Like someone else said..they missed by only 4%.
The industry as a whole has most market caps around 1-2x revenue. There are some as low as 60% and some as high as 5x. Even at 60% this co would have a comparable market cap of $14.4mm. I don't think we get anywhere close to that until the debt is gone, but once the debt is gone and this co shows its balance sheet and income statement with no debt, vrooooom!
I dunno where people come up with this stuff. Lol bankruptcy? Like that's going to happen. Dreamers can dream though.
No one cares what color they are. They are fully reporting. Being QB or pink is arbitrary.
Precisely.
I think we all know those claims are either made up or some twisted version of the truth. Let's face it. If there was all this massive turnover I'm sure there are unhappy jobless people. Maybe there was. Maybe there wasnt. Until the co releases it's turnover rate (does anyone actually do that?) is just heresay. And of there was massive turnover maybe it was a good thing. We are only getting part of the story and the part we are given is so vaguely presented who knows what's actually true.
I'll stick to facts and what the co publishes. They are fully reporting after all.
Validate by giving verifiable details. What fines, how much and to whom? What debt is unreported. If we know so much I'm sure we can share this info with everyone.
Or maybe since the company is fully reporting there is no unreported debt. Let's face it. There is no unreported debt lol.
They have $24mm in rev so obviously they have market share.
If they have offices performing so poorly maybe that's why people got fired.
Just too much subjectivity in the "facts" being presented not to call them lies.
Keep guessing, or just go read the PRs.
Look harder. I'm not doing your DD.
They paid off debt. How is that spin? I appreciate the updates.
Look through the PRs. It's there.
Interesting fiction. But facts show no debt added since November.
Interesting opinion. I like facts.
We were given a total debt count subsequent to November so whatever they added it wasn't much and is fairly irrelevant.
Why is the 10k going to be interesting? They've told us the interesting stuff already.
No debt added since November!
More opinions there than facts. I prefer to do my DD with facts instead of fiction. This is going to be the stock of the year. Get in now or miss the ride to major gains imo.
Did they have $24mm in rev? CHECK
Is the co less than 4 yrs old? CHECK
Did they generate that $24mm in rev last yr with only 6 mature offices for most of the year? CHECK
Do they have over $5mm in assets? CHECK
Are they self insured? CHECK
Does the CEO constantly communicate with shareholders? CHECK
Has their gross profit margin % almost doubled in 1 year? CHECK
Did they just increase their line of credit to $4 million? CHECK
Do they hundreds (thousands?) of customers? CHECK
Did they agree no RS til uplist? CHECK
Did they double their locations last year and the year before that? CHECK
Did they have over $1m in adjusted ebitda last year? CHECK
IS THE STOCK UNDERVALUED? CHECK
I can do this for days.
I doubt there is 1 single other OTC co less than 4 yrs old with 24mm in revs with a 400k market cap.
Regardless of who claimed what and when the revenue is huge for a 3 yr old startup. Stock prices don't change that. But the revenue and positive ebitda will eventually change the pps once the debt is gone. Cheers.
Can't wait to see this co debt free with $30-40mm in revenue and $2mm+ in EBITDA. CEO won't do RS til uplist. 50 bagger imo.
Yea it means there's about 650mm shares that won't get issued.
Well I guess the allegations that the co had no cash was wrong. $150k paid to note holders. I disagree with the strategy of paying any of these notes in cash but it does demonstrate that some people have no clue with the blabber that they spew.
There are lots of successful companies with more liabilites than assets. What's important is what kind of assets and what kind of liabilites. For starters, over $1mm in liability is derivative based, i.e. paper. More importantly for a startup is revenue to debt ratio, which in this Co's case the debt is less than 20% of revenue. I don't have an expensive education from Boston but I know this.
Agree 100%!!
Well let's see. $3mm+ in receivables. 400k+ in cash. 250k+ in restricted cash. More than most cos trading at 0004/0005. With its $24mm in revenue and debt being reduced not sure how anyone can't see the value.
According to the financials they have over $5mm in assets. Also they aren't paying 10% off the top for financing. Just making stuff up. Short and distort eh?
If they make less money I'm sure they care.
Even converters don't want to try and sell stock at 0001. Their gains would be severely limited compared to what they make on a volatile stock. I don't think they will push this much lower unless there was some bad news or something. I'm content to keep adding shares nice and steady.