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What the hell is wrong with you?
I'm glad you posted that. I thought I might be hallucinating. 😁 Could be a nice breakout underway.
Agreed. Some of the contorted logic on here used to bash a company is truly mind-boggling.
Let me get this straight. So what you're saying is this CEO is just using this company to sell shares at extremely depressed prices, relative to what he could get if he went pink current, in order to enrich himself? But where's the evidence he's selling shares? The outstanding hasn't increased and he recently reduced authorized shares. Just saying, if I were the CEO executing this strategy you're suggesting he's employing, I'm pretty sure that I'd go pink current, promote the hell out of the company, and then unload a bunch of shares. Since he's wealthy and doesn't need the funds, why would you settle for a small fraction of what you could get?
After a cursory glance thru your package on my computer, which is truly the only way to view this, I am stunned by this amazing package you have put together. Thanks for your incredible research and even more, making this available to anyone who follows you or the GGSM board. I'm feeling very comfortable holding and adding to this position based on the solid verifiable DD you have put together. This seems like one of the most undervalued situations on the OTC.
I absolutely agree with that. And anybody with a short-term mentality that's watching every tick may have to suffer for awhile. But if the CEO keeps his promises and I honestly believe this guy is a lot more determined and has a much bigger vision than most hit and run traders that post on this board suspect, then this undervaluation situation works to our advantage as he scoops up a lot more shares at this level. I just wish he had bought a billion shares at .0001 and .0002 before announcing anything.
Thanks for providing that link to movie receipts in China. That certainly provides some additional insight into their likely revenues. Even if it's $10 million in revenue, that's a massive increase and allows the business to grow and provides money for share buybacks. And this latest tweet that they've invested $3 million for more releases, should continue to increase those revenues. Hopefully, Deng will save us the trouble of figuring out the quarterly sales with some revenue estimates in the near future, although I would rather he just buy back shares while the stock price is depressed.
Mustang, sure hope your estimates are in the ball park, although they seem optimistic. Early on in the Eras tour, there was a tweet on 1/2/24 that receipts were already at $2.1 million. My impression was that this included the receipts from the ERAS Tour and the three day weekend of the just released movie "The Shining." I'd say it is reasonable to assume that the total from these two releases by now has hit $5 million, possibly more. Then on 1/27/24 ABQQ reposted a comment that "ABQQ TV could be the Netflix of China," so I assume there are significant revenues from that. Then on 1/28/24 the movie "Too Simple" was released in China. (This was tweeted on 1/20/24.) But there have been no further updates on that one. Then came YOLO on 2/10/24 which has already hit $3.7 million in revenue for ABQQ. And there are other on-going revenue streams that the company hasn't tweeted about, and the big unknown is ABQQ.TV, which the company has not given any revenue guidance, as far as I know. So based on what ABQQ has tweeted about, the company could easily exceed $10 million in revenue this quarter, but $50 million seems high based on my limited knowledge. Can you elaborate further?
Just a matter of time. After all, it is the revenues which will both support the stock buyback and further drive their business investment to support higher revenues.
Another very impressive development. Can't wait for the April financials or some preliminary quarterly projections.
Lolol Yeah, I guess that's the Granddaddy of them all.
Lol... No, I've seen him in action too many times and he meant .0002. Of course, he really didn't think it would get there. Just being the usual jerk he always is.
Now, here's a prediction by Trend Trade yesterday that will live in infamy! LOLOL "CLOWNS WERE WARNED...GOING BACK TO .0002"
Loving the nice grind upward in price this week. Those revenues reported in the first two months of this year are spectacular and should allow the CEO to proceed with the buyback in earnest. I do believe the CEO is serious with his NYSE goals, and the huge undervaluation in the stock price works in his favor on the buyback.
Wow!! That's kind of massive news... a 20% outstanding shares reduction.
Yes, I agree with you. Any other stock with these kind of buybacks at prices well above where we are trading now makes you wonder what kind of manipulation is going on. I added some .0017s today and will keep adding if it goes any lower. I just get the feeling this CEO is a lot more ambitious and knowledgeable about what he is attempting to accomplish than our resident bashers are giving him credit for. At any rate, with the access to funds that he already has and a lot more seemingly pouring in, I just think it makes a lot of sense to have a nice-sized position here and be prepared to wait this out until the stock price reflects the success he is having.
Agree we are severely undervalued here. That PR yesterday about the new movie advance sales was no minor item either. Can't wait for the tweet that mentions the expected first quarter's revenues. Assuming the CEO is continuing his rapid buyback, this low price works to our advantage if we have more than a week or two time horizon.
You were right. Deng always exceeds expectations.
Patience, Grasshopper. 😁
Sounds good Calvin.
Well, by all means please tell us what else you see in the near future in your crystal ball. 😁
Very important to note. Did not expect another Form 4 today. Very pleasant surprise.
Fantastic summary AJH92! Makes the research easy. Thank you.
Yes, I agree. I understand that people who bought a few days ago are legitimately upset. But the debt forgiveness and the acquisition of a well-spoken reputable CEO are being entirely overlooked. This just looks way oversold to me.
I'm just saying that we've picked up a reputable CEO, especially when compared to what was here before, so after an 80% decline in the stock price, yes, I think we have a nice chance for a good recovery from this level. Who said anything about fluff PRs? Articulating the vision where he wants to take the company is pretty important information.
I'm new here. so not really familiar with what has happened with GEGI the last several days, but after watching some of this video with Travis Taylor, it doesn't seem like things are as totally grim as many are posting here. I watched enough of the video to be able to determine that Taylor is a whole lot brighter than most pink sheet CEOs I've run across, and I also agree that he wouldn't risk his good reputation on some scam operation bound for failure. So it makes sense to me to pick up a position after an 80% decline and see if he can put a spark into this. One well-written PR providing his vision for the company should be worth a nice recovery from here.
You couldn't hope for much better news from a BB stock, and I agree once the word gets out, this stock has some serious catching up to do.
Yes, I agree with you. The float was just reduced by almost 80% and in most OTCBB stocks, even a 10 or 20% reduction in the float would send the stock soaring. I've never seen a float reduction of this size and clearly reflects that management is in for the long haul. Once this gets discovered, and the enormity of the reduction is understood, and with only 36 million shares to trade, this could be an outstanding run. I've been patient for well over a year and see no reason to be in a hurry to unload until it reaches some semblance of fair value.
Yes, I remember those days unfortunately. I started buying in the .02 area after it made a massive pop to 15 or 20 cents on positive revenue news and seemed incredibly cheap. But I did buy more at .01 and then a lot more below a half cent, so with this eye-popping nearly 80% reduction in the float, there's plenty of reason to be optimistic about getting back to 2 cents with any good news about the business. This stock has just been totally under the radar for over a year.
With a micro 36 million share float, reduced from 160 million, I'd say chances are reasonably good that could happen soon. It does have some gaps to fill in that area. GLTY
Wow! Thanks for the information. Been wondering when this would get some attention with its microfloat.
Great post. I think what has happened here is that for many weeks ABQQ was about the only outstanding BB story out there, and then SPZ* came along, and today there were a number of BB stocks moving, so as you said, a lot of players got bored with the pause and downward drift in the stock price and jumped ship for some of the plays of the day. If they manage to reassemble their ABQQ position at the lower prices before more buybacks begin, then it may work out well. But it can be dicey getting back in with the steadily decreasing number of shares available.
Oh man, that may be the dumb post of the year so far. It's funny how you seem to understand that increasing the stock float thru dilution will have a depressing effect on the stock price, but you don't acknowledge that decreasing the stock float thru stock buybacks will have a positive effect on the stock price. You can't have it both ways where an increase in supply causes a price effect but a decrease in supply doesn't. You're messing with the basic laws of supply and demand, which means you're posting nonsense. These buybacks, assuming they're continued, will eventually have an explosive upward effect on the stock price.
Yes, this is an amazing story for sure with the CEO now owning about a half billion shares. There literally is no incentive to sell here, given the CEOs furiously paced buyback, because the upside potential so outweighs the downside potential. As ABQQ gains followers in leaps and bounds, the shares for sale are going to completely dry up down here, and I expect a steadily higher share price.
While I'm certainly not in the camp that this is going to spurt up into dollars overnight or even in several months or ever, I do think in the short-term that this has the potential for a major move. Let's face it, there are few really solid OTC plays, especially where the CEO is buying back shares at what I would call a furious pace. And you also have the Taylor Swift hype as an added bonus. So (1) given the dearth of legitimate OTC plays and (2) a lot of new investors moving into ABQQ as one of the few plays with a CEO keeping his word and doing the best possible thing for shareholder value by buying back a huge number of shares, the shares being offered for sale are a lot thinner now, and a new surge of demand could really pop the share price. Even if the stock doesn't move up quickly, it gives the CEO a great opportunity to buy a whole lot more shares at a low price, and that will eventually be reflected in a higher share price. Seems to be a very unique opportunity here.
Congrats Lindsay. Looks like our patience is paying off. Not sure what is up today, but I'll take it. Haven't seen any news.
Thanks for the overview. Looks like a major undervalued situation.
Same here. I've seen stocks with great news like this just get crushed for a few days until the MMs get all the supply they want from traders who capitulate because they want immediate rewards, and then the stock rises like an Elon Musk rocket, usually with me watching from the sidelines. Even though there's some question about this capital structure, the income news alone justifies a much higher stock price. And there's certainly a lot more upside potential than downside risk. So I'm holding and will add once I sense it's built a solid base and is ready to move higher..
I agree on this stock that a longer-term perspective will be necessary. With this type of undervalued situation, the highly unethical MMs are going to short virtually every share in the float and hold it back as long as possible, so they can frustrate as many traders as they can and accumulate as many shares as possible down here.
Please....no more RS BS from either you or Hobbs. That could be a consideration for uplisting to another exchange, but I'm sure the financial officer who just bought 109 million shares would wait until the stock reaches a proper valuation before even thinking about that.