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Yes, that would help get this noticed and encourage higher PPS
That is why you said it was going down to .02 ... you are of two minds, they have a name for that! Maybe check yourself in.
https://finance.yahoo.com/news/edited-transcript-nymt-earnings-conference-012116623.html
" will now move over to Slide 6, our overview section. As of March 31, 2020, our investment portfolio totaled $3 billion, and our total market capitalization was $800 million. As of last night's close, our total market capitalization had moved up to $1.1 billion. Today, our investment portfolios are 100% focused on credit strategies, choosing to manage our strength of asset management in both residential and multifamily, while reducing our dependency on mark-to-market leverage. We have 57 professionals employed across 3 offices, all working from home since March 13."
"On March 23, we stopped meeting margin calls and began discussions on some form of forbearance relief from our securities lenders. Over the course of the next 2 weeks, we sold over $2 billion of assets, including 100% of our Agency portfolio and 100% of our Freddie K PO portfolio, reducing our securities repurchase borrowings by over $1.6 billion. By April 7, we were able to pay an additional $560 million in repurchase agreements by utilizing a $213 million in proceeds from sales initiated in March and $250 million in increased borrowings from our residential loan portfolio. As of today, the company has 3 lenders with a total outstanding of $1.1 billion in borrowings. We are in good standing with all, and ultimately, we never entered into any formal forbearance agreements. In addition, we have over $200 million in cash and $1.5 billion in unencumbered investments today."
Does this sound like a company that knows what they are doing ... HELL YES!
Roofus the doofus
I was going to jump in that one this morning until I did some DD and read the sec filing that they had to close the mine due to lack of funds!
Looks like we are having a good day in two of our holdings ...
Thanks guys ...
I just NOW recovered my entire IRA retirement account from my massive March losses ...
... again thank you guys SO MUCH for helping me to stay on track!
Well at least I am getting my retirement account back into shape! March was a disaster!
I knew there was a catch and for this stock it is ... nerves of steel.
There is a time to be safe and a time to be greedy ... this I think is the latter.
If they haven't gotten the $4M to reopen the mine then what's the point ...??? Am I missing something here?
Similar company $GMD also has 10B shares and trading range around .0024-.0036.
Badda Boom ... Badda Big ... Big Badda Boom
How many shares do we have to own to get there ... IYO (Bro from San Pedro).
How many shares do we have to own to get there ... IYO.
I have some issues with ...
03/27/2020 03/26/2020 8-K Special Events
"The company has since confirmed that its mining license
application cannot proceed without a valid exploration
license, and that it is ineligible to re-apply for an
exploration license due to the expiration of its
previous license."
How are we going forward with this problem ...
Throwing out a few ideas (since this is a long 3 day weekend):
This is all because we are assuming that we have a great CEO
OK, say they add 2.1B shares of cash for acquisitions and growth
This adds around $2.52M (2.1b X .0012) into their coffers
this increases the OS to 3B
Now with these funds he could grow this
to a 15M market cap company very soon (this year)
15M/3B shares = .005/shr (worst case)
Now Let's say he dilutes only up to 2B (1.1B x .0012)
1.320M and he is able to get lets say 8M in Revs
Market cap @ 3x revs of 8M equal 24M
24M MC / 2B shrs = .012/shr (best case)
so this year we can see $.005 to $.012
Before next years anticipation.
result 4x to 10x your money from now.
Great data, thanks!
Picked up another 500K shares after my post I realized this one is a dream!
If the CEO creates anticipated valuation of 5M Market Cap this can easily go to .005 in short term.
5,000,000 /
946,493,652
= 0.00528/shr
Thanks stervc for the DD!
That is one beautiful chart ... yummy!
Hey, Limitx21, just picked up 1M shares of this today. Now we can share two wins. I like OTC stocks with new CEO's that have rep. They tend to turn co. around and we can benefit in $$$$$.
It was a transfer from my 401K and proved very profitable. My stupidity is I thought a NY REIT would be safe when it was returning 13% per year in Divs. Boy was I fooled ... what an idiot!
Also just retired and trying to recover my massive losses in my IRA REIT stock back in March. This should do it and some extra if we get over .20 this year. I thank everyone on this board for the encouragement in this one.
Yes but they showed no volume in trades until mid march so anything before that doesn't really count as a measuring device. You can't (most times) run or access the value of a stock without some kind of trade volume, JMHO!
They have some shady history from before their spin off but I can't help but see this as an opportunity! Will watch closely! Love their latest report.
Thanks! I remember you from a few years ago.
Yes, I've been reading your posts for the last several weeks. My comment is focusing on the fourth quarter for trucking companies as their best season.
Look at their December quarter and this looks even better.
... and 4th QTR (Dec) is their best one each year.
What's great about pink sheet land is when a good fundamental and "momentum play" stock starts moving from its lows, we can see between 8-10x the returns CONSISTENTLY from those lows. NYSE and NASDAQ can't claim such violent moves. These are the times when OTC shines above all else! But man it's hard to spot these ... So the current lows on this run was .016 so expect it to go to between .12-.16 in the very near term, JMHO!
Getting ready to buy that yacht?
Hey stop reading my GTC orders ...
I will be unloading my oil tanker stocks for the extra cash if this starts selling off again. Though I think they will do well by end of summer this one will appreciate more JMHO!
Great discussion ... I have seen so much of this over the years and love how you explain it, thx!
... or just pop up here to Branson and we can take in a show ... ha ha ha!
TLSS quarterly revenues are not all even. Their fourth quarter trumps the other three. Look at their 2018 fourth quarter numbers! 12m of their 18M was made in Q4
https://www.otcmarkets.com/stock/TLSS/financials
While hiking my trail at tabletop lake yesterday I looked at the boats on the water and dreamed which one I could afford to buy when this is all said and done. Then I thought how expensive would your boat be being that you own +5M shares ... it was hard for me to imagine how someone on Ihub would be a multimillionaire from one stock when this is done and you will be (If you are not one already). It kind of humbles me and I am old at this.
Just looked over their reported financials, not sure why we are so far down here ... maybe the c-virus scare to ongoing (2020) revenues?
How is Jeff Bezos going to justify to his stock holders he is going to pay more than 100X the current Market cap for this company, PLEASE!