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I almost dumped mine too but since I have multiple brokerage accounts, I did some digging. That's why I wrote to IR. I'm glad they set it straight.
DID ANYBODY CATCH THIS?
4:31:06 PM : KJ: Charles Schwab Initial Question: Dividend Inquiry
4:33:51 PM : <> An investment professional is joining the chat.
4:33:51 PM : <> Welcome KJ. My name is Gretchen K.. I will be helping you today. Your reference number for this chat session is 7529413.
4:33:56 PM : Gretchen K.: Hello Karl! My name is Gretchen. I'm happy to help you today.
4:34:24 PM : KJ: Hi Gretchen!
4:35:20 PM : KJ: I contacted your company about 30 minutes ago but did not have all the information amidst conflicting reports.
4:36:06 PM : KJ: Your website is showing GECC a dividend of $0.0083
4:36:27 PM : KJ: TDA says the same.
4:37:01 PM : KJ: However Nasdaq and Etrade are showing $0.083 instead.
4:37:36 PM : KJ: In light of the conflicting info, I contacted Investor Relations at GECC.
4:38:08 PM : KJ: This was their reply:
4:38:27 PM : KJ: Hi KJ,
GECC pays an $0.083 per share per month distribution. Distributions have been declared through September 2020, payable in October 2020,
Thank you,
Adam Yates
Great Elm Capital Management, Inc.
800 South St.
Suite 230
Waltham, MA 02453
(p) 617.247.7675
(c) 978.985.3613
ayates@greatelmcap.com
ayates4@bloomberg.net
4:38:48 PM : Gretchen K.: OK. I'm with you so far.
4:39:30 PM : KJ: Can you please check it out and make corrections on your website. It's screwing up my statistical data.
4:40:21 PM : KJ: Not to mention I almost wanted to sell at that erroneous distribution rate.
4:41:52 PM : Gretchen K.: Let me see what we can do.
4:42:07 PM : Gretchen K.: What page are you using to see that quote?
4:43:58 PM : KJ: I'm on GECC page, Dividends tab.
4:44:14 PM : Gretchen K.: Upcoming Dividend
Upcoming Dividend Table
Announce Date Jun 25, 2020
Ex-Dividend Date Jul 30, 2020
Payment Date Aug 21, 2020
Amount $0.0083
Type Regular
4:44:42 PM : Gretchen K.: I see. So there may be an extra 0 in there.
4:45:17 PM : KJ: Also the computation makes ACCOUNT SUMMARY / INVESTMENT INCOME tab computations wrong.
4:45:42 PM : KJ: Yes, there's an extra 0.
4:46:17 PM : Gretchen K.: I can report this issue for you. We use a third party vendor for this reporting information.
4:47:41 PM : KJ: Thank you. Does that mean you also paid the last three months wrong too (according to the historical payout)? Or is this for for website data?
4:48:11 PM : KJ: That part doesn't apply to me but just asking.
4:48:17 PM : Gretchen K.: Just for website data. We pay out the dividends received from the company directly.
4:48:58 PM : KJ: Cool. Thank you for your time! Enjoy the rest of the day!
4:49:17 PM : Gretchen K.: My pleasure! Thank you for your time. Take care!
DID ANYBODY CATCH THIS?
4:31:06 PM : KJ: Charles Schwab Initial Question: Dividend Inquiry
4:33:51 PM : <> An investment professional is joining the chat.
4:33:51 PM : <> Welcome KJ. My name is Gretchen K.. I will be helping you today. Your reference number for this chat session is 7529413.
4:33:56 PM : Gretchen K.: Hello Karl! My name is Gretchen. I'm happy to help you today.
4:34:24 PM : KJ: Hi Gretchen!
4:35:20 PM : KJ: I contacted your company about 30 minutes ago but did not have all the information amidst conflicting reports.
4:36:06 PM : KJ: Your website is showing GECC a dividend of $0.0083
4:36:27 PM : KJ: TDA says the same.
4:37:01 PM : KJ: However Nasdaq and Etrade are showing $0.083 instead.
4:37:36 PM : KJ: In light of the conflicting info, I contacted Investor Relations at GECC.
4:38:08 PM : KJ: This was their reply:
4:38:27 PM : KJ: Hi KJ,
GECC pays an $0.083 per share per month distribution. Distributions have been declared through September 2020, payable in October 2020,
Thank you,
Adam Yates
Great Elm Capital Management, Inc.
800 South St.
Suite 230
Waltham, MA 02453
(p) 617.247.7675
(c) 978.985.3613
ayates@greatelmcap.com
ayates4@bloomberg.net
4:38:48 PM : Gretchen K.: OK. I'm with you so far.
4:39:30 PM : KJ: Can you please check it out and make corrections on your website. It's screwing up my statistical data.
4:40:21 PM : KJ: Not to mention I almost wanted to sell at that erroneous distribution rate.
4:41:52 PM : Gretchen K.: Let me see what we can do.
4:42:07 PM : Gretchen K.: What page are you using to see that quote?
4:43:58 PM : KJ: I'm on GECC page, Dividends tab.
4:44:14 PM : Gretchen K.: Upcoming Dividend
Upcoming Dividend Table
Announce Date Jun 25, 2020
Ex-Dividend Date Jul 30, 2020
Payment Date Aug 21, 2020
Amount $0.0083
Type Regular
4:44:42 PM : Gretchen K.: I see. So there may be an extra 0 in there.
4:45:17 PM : KJ: Also the computation makes ACCOUNT SUMMARY / INVESTMENT INCOME tab computations wrong.
4:45:42 PM : KJ: Yes, there's an extra 0.
4:46:17 PM : Gretchen K.: I can report this issue for you. We use a third party vendor for this reporting information.
4:47:41 PM : KJ: Thank you. Does that mean you also paid the last three months wrong too (according to the historical payout)? Or is this for for website data?
4:48:11 PM : KJ: That part doesn't apply to me but just asking.
4:48:17 PM : Gretchen K.: Just for website data. We pay out the dividends received from the company directly.
4:48:58 PM : KJ: Cool. Thank you for your time! Enjoy the rest of the day!
4:49:17 PM : Gretchen K.: My pleasure! Thank you for your time. Take care!
I can't verify any actual mines. I first saw this plugged on the back of a ZHU$ post about a month ago. I don't think anything has changed dynamically since then. That being said, I took a starter when I saw that post just in case the MOMO set in. Overall a good trade. GLTA
I jumped out months ago but now I'm jumping back in. The risk is worth the reward. GLTA - $GRNF
So they used 8.4M in assets to pay off 8.4M in Debt! Nice!
Being new to this board doesn't mean being a newbie. I'm seasoned and am here for the long run. LONG AND STRONG!!!
Okay, I'm new here. I worked for an outdoor events driven company so we're still sequestered due to the coronavirus. That being said, I took a starter here with virtually no income, I believe in the company, and we're going to rock here. I've been an $SPR* guy so this is a no brainer! I'm doing my DD and it all checks out. I wish GLTA and let's do this!
Okay, I'm new here. I worked for an outdoor events driven company so we're still sequestered due to the coronavirus. That being said, I took a starter with virtrually no income, I believe in the company, and we're going to rock here. I'm doing my DD and it all checks out. I wish GLTA and let's do this!
Case: Acosta v. TForce Final Mile, LLC et al (cand-3:2017-cv-06624)
Court: Northern District of California
94. STIPULATION WITH PROPOSED ORDER to extend time to finalize conditional settlement filed by R. Alexander Acosta. (filed: 02/18/2020)
https://www.docketbird.com/court-cases/Acosta-v-TForce-Final-Mile-LLC-et-al/cand-3:2017-cv-06624
Confirmation of the 3.4B share reduction is in the latest filings.
Page F-1 (bottom of page)
https://backend.otcmarkets.com/otcapi/company/financial-report/237681/content
90 Days is standard operating procedure to get new hires off of a probationary period. Huge corporations use this tactic so as not to have to deal with unsavory labor initiatives or union sanctions. Offering a bonus to pass this probationary period gives the employee incentive to perform.
But for those who continuously deal in "FACTS", I'm sure you are quite aware of that fact.
I was entertaining thoughts of a new ticker also. However sales are on the rise again. Also, she set aside the E class shares to pay for ongoing litigation so as not to drain company coffers. She appears to be moving in the right direction so far.
I like to stay optimistic because of the 3.4 billion shares retired. She could have easily included those in any future R/S that could be forthcoming.
I'm going to stick by her statement that no R/S may be needed. I was told the company has come a long way so I'm excited to hear upcoming updates.
Yeah, they turned on the faucet in sync with the PR.
Hate to say it but this is pure dilution. Almost half the OS traded already today and level 2 barely even moved.
Back in September, she stated there would be updates coming after she becomes current. Everyone went crazy on that news not realizing things take time. But now the filings are coming out. My guess is we won't see an update until the end of January or early February.
Gross sales contract and service revenue:
2016 EOY - 330,882*
2017 EOY - 406,880*
2018 EOY - 293,076*
2019 YTD - 240,833 (3 months ending September 30, 2019)
*Currently Outsourced
Notice that 2019 is NOT outsourced?
$PPJE
GASX poised for another run up!
Anybody see this?
You got mail ;)
Because she answers her emails and is quite easy to communicate with. At least for me anyway.
CEO is working with a new lawyer to get the proper letter out so we can get current. She will update when it is done.
I'm optimistic they will release financials. Some companies have been known to remain silent until all that is done. More than likely to avoid the headaches that comes with responding to inquiries that have no bearing on the process.
That being said, It is unfortunate that they have not released financials and investors are blind. However, people see the trucks, we know they have employees. We know they have operations in two areas. People have seen it. The company doesn't have to state it. Also, along with building up said operation, I don't think they'll jeopardize going to grays if the SEC moves forward on it's proposal for non-reporting companies.
What we don't know is:
1) How many trucks and vans
2) How many employees
3) How much revenue
4) How much debt
5) Actual AS / OS
Saying they are not viable is as speculative as saying they'll hit $1 (apparently, there are those who don't consider AS or OS and even that is up for speculation but I'll concede it's pretty outlandish.)
Just like a certain Greek shipping company ;)
Also direct admission by SR himself.
R/s in process now, revs should look best ever at fiscal year end... We've come a long way, finally 👍. Tech solid and ready for wide scale roll out. Took some time.
— Steve Reinharz (@SteveReinharz) December 12, 2019
In a round about way it does. Fed Ex's earnings could be construed as a direct result of their contract relations with Amazon. Which, by the way, started in June and followed through current. Last quarter falls within that timeline.
It can also be assumed that other carriers had to pick up the slack. People did not just stop shipping packages. Therefore, it can also be assumed that Web To Door also picked up some of that business since Fed Ex delivers in there operating area.
Currently down 10% from yesterday's close.
Not exactly 1% is it?
It may very well be the reason. He was convicted on October 25, 2019 per the SEC ruling. We all know otcmarkets is slow to update.
They can't get current yet. The attorney letter is no good since otcmarkets has that attorney on their "Prohibited Service Providers" list. I'm not sure if PPJE is aware. They need to fix this before they can move forward.
https://www.otcmarkets.com/learn/prohibited-service-providers
Not spreading BS. I got a lot of 1's too. I just don't drink the Kool-Aide and ask legitimate questions. Others should do the same.
Here's a serious question.
Amazon just forced their sellers to stop using Fed Ex ground for their shipping. Not only that, but they did it at the most crucial time, holiday shipping. Why? In retaliation for Fed Ex not renewing their ground shipping contract with Amazon.
So the question is, what's going to stop Amazon from doing the same thing to their last mile contractors (specifically Web To Door) when Amazon builds out their own fleet and no longer needs them? If they are going after Fed Ex, who they have heavily relied on in the beginning, what do they care about the little guy?
Nothing against Web To Door. I just don't like Amazon's cutthroat relentless mindset through all this. They have always grown their business at the expense of other smaller businesses.
That previous dump mid-day was probably some 18 year old getting excited, shooting his load and hit market sell.
Commission is free. At least on Schwab it is. It was just some random trader messing around.