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CapEx was needed to keep pace with industry changes. Earnings dropping fast. Competition w/wireless is going to be headwind. Gets more interesting around 7.50 iff they can maintain dividend.
Still a company in the business of selling stock. Another offering put up today.
The RS has to be big enough to get the share price to where you can get institutional investors involved. Generally more than $5/share.
AS of today's filing all of the Zeff shares are gone. Should stabilize and hopefully go up from here long term.
Anyone in this? Why does it stay so far below book? I know it is cyclical but seems pretty solid. BV $14.
Are you averaging down at all?
If this is going to be paid out at $1.48 on reverse/fwd split why is not trading closer to the payout price?
If you want to see a Robinhood chart that is very interesting check out TTOO. They had news yesterday on their Covid test becoming available on their machines used for other pathogens. Early stages of a great story. Stock not popping yet.
Low float pump and dump and several other reasons noted in comments yesterday. None actual business related. Would wait until settles to close to last weeks price.
Looks like Zeff has another 104,000 on the ask at .31. Again not sure why the company is not buying these. Could be another rough afternoon.
Well, I guess it was because Zeff Capital sold a big portion of holdings. They have a lot left. Hopefully this will be a trim and not an outright full sell off. If they were going to swell a big block of shares why not contact the company? As far as I can tell they still have their share repurchase program open with plenty available to cover this sale event. Their purchase up to was set at $.38/share and Zeff sold down to $.25. Makes little sense.
Don't know what happened this afternoon, but for a company where they have an open order to buy shares at .38 and beneficial owner buying shares on Friday the bottom sure dropped out.
LAST!!
Dividend suspended until further notice. Was a nice run.
Any idea on the effect on sales for their locations? For reference in my state I have 3 stores and we are forced to do drive-thru only. No COVID in the area but state mandated rule and our average sales over the last two weeks are down about 35%. Obviously we have some labor savings etc. Just wondering if any casual observation info out there on their store traffic in their markets.
Best case this survives as a pink sheet listing. The two majority holders are picking it clean. CEO leaving and independent director also leaving.
If you remove all tangible assets from a company and do not pay dividends there is little incentive as an investment. It turns the company into a cash generating entity with no reward for shareholders. Management will get all of the benefits generated through their pay. Good for them and bad for investors. Basically you end up owning the management and brand, that's all. Where is the value?
When this first listed I told everybody this was a scam. I knew the family name and lived in the area. There was no airport in the area he said it was going to be based. Then it changed to an Iowa airport. Look at the SEC complaints for this CEO. He is a broker and nothing more. He was sanctioned for taking money from an old lady - seriously. This is simply a years worth of income for selling scam shares. JMTC
I have been recommending to friends as a hedge against a market downturn because it has been so stable for so long. I think the added buying on such a low float has an effect. Not a traders stock so most are buying to hold making the available shares more expensive. I saw it happen when I was trying to buy the 40's. By the time I was done it was .60's. Financials are flat so I don't think I would be paying in the .80s. JMTC
Anybody on this board? Thoughts about how much longer it will take for new guys t turn this thing around? I am thinking two more years before audited financials come back.
Negative equity and admitting they need more funding. Basically going to file BK it would appear unless they can keep getting more suckers. Everybody getting paid but the investors.
I live in WI and recognized the name so did a 2 minute search. This is not an investors stock. Scam all the way. The CEO literally took (stole) money from a little old widow in the 90's. Polk CO. is not a rich or populous area in this state. Where would the customers come from? Makes no sense. Save your money and move on.
30 Million shares equates to .0011 on share price. Beware the pump.
It would appear as majority owner that Whitmore can issue himself shares at any time now. Recently paid $.40 for over 4million shares. No way you can be treated fairly in this anymore. I'm out with a small loss. Better than it turning into a big loss.
How does a 200,000 share trade happen on the NASD? Am I missing something here? MM's exchanging shares?
They are losing money and basically are saying they will continue to lose money for several more quarters. They are diluting the stock tremendously because they are limited on the traditional financing they are getting and do not have enough cash to continue operating negatively. Last sale of stock @ $1.10. I expect to see this drop to about $.50 before leveling off and perhaps growing in about 2 years. Management has not shown they can control costs yet.
Backlog is really not important in this company. Asset value is the whole story. The value of the content library is huge. May be long term investment but in the end I like the potential in a sale to a larger entity. Eventually, if not sold, I would expect to see some kind of dividend or share buyback implemented. Like the insider buy @.60. Mr Kellogg must have enough but surprised he's not averaging down some.
Quarterly out today is not as good as annual. I am also unsure of what to think about the transition of ownership that is beginning. Obviously the family wants to maintain control and they have about 60% now. Somewhere along the way a portion of this business went back to Goldman because they are no longer in appliance distribution. I could not find where it clearly was ever stopped or sold back to the Goldman company or wher it went.
I liked this a lot more 2 years ago. Holding but watching with a wary eye. At least the bank is making sure there is an independent CEO or they pull the financing.
I've seen this pumped in a couple of places. I don't think I would buy until it is back closer to his original buy amount of $1.54. There is potential at that price for sure but with no definitive new contracts it is a gamble at anything above that.
More good news.
Not good when CFO pulls the plug. Usually they know best.
Anybody have any thoughts on recent mailing? Looks like Menards and family are being taken out by new generation. Board ouster of only independent person and bylaw changes. POA and GUARDIANSHIP? I believe we have a coup.
Nice trade today. Too bad it was small. Still nice to see a double in a day.
Govil is taking it dark. Not much hope for now. Check back in a few years.
With insider now above 50% can control and delist. Probably go dark to save cash. Time to bail.
Agreed, isn't worth anything until shows a profit and that won't be anytime soon. Speculators.
You could buy all you could handle of this for $.50 for a long time. Dividend was a 1 time event triggered by a sale of a portion of the company. The company is now smaller so the high side of this should be no more than $.50 again. Note insider purchase of de-facto owner at $.70 and only 100 shares. I think that is a good indicator of the high side value of this. He may have been sending a subtle message.
Some companies are run for noble reasons by scientists and are not terribly concerned about making a lot of money, just making enough to sustain status quo. This strikes me aas the situation here as the owners are scientists. The sale involved teet dip basically and not a terribly exciting/noble cause but did provide some $.
Any idea what portion of this purchase was Heritage?
Also a note, I agree this should be doing better. If the markets go down and companies/economy becomes stressed this is the business to be in.
Two things: If this were actually a change, even temporary, it should have been disclosed on an 8-K. Second if it is a mistake it seems to be a rather large and disconcerting one. I let it slide the first time but now again it just seems to be totally out of character for this company and makes me wonder what we do not know. This is a red flag when put together with the delays in the new product. Either of these two things would be SEC violations and do not bode well for the long term future.
Is there some long term issue with this dropping like it is? I really don't see any long term justification for the drop.