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How do you know that?
I don't think you mean individuals who make use of their service. As far as I know, Conversion Labs' services are not distributed/sold to other companies. They are not selling a software platform for companies/individuals to use.
I have been in contact with the CEO of VODG. Things are progressing well with the SEC and the filing of Form 10 for relisting.
Thanks. I'm so disillusioned by the company/stock that I probably won't bother. I'll listen, once again, to what they have to say at the end of the month and go from there. I already sold 1/3 of my shares at $1.58 in my taxable account and am holding onto the rest of my shares, for now, in my 401K given that there's no tax loss benefit to be had.
Newsletter?
So is mCloud now an amazing buy or are we looking at its possible demise? It's not good to sell based on stock price or performance so before I do something stupid (given how under water I am), thought I'd ask. Thanks.
Sorry if I'm being dense, but I'm wondering what prompted your reply to that poster's comment. While I'm not so sure, given what they said during the conference call, that further dilution/financing will be necessary, this guy thinks it will be. I'm not seeing that's anything other than one person's opinion unless I'm coming in at the end of a longer conversation or just missing something.
"Market makers" not "Money markers"
Try that three times fast.
> Only 1550 shares between here and $6.50
Unlikely that few. Money markers do not necessarily show all shares they have available. And, if a market maker has shares at a higher price than other shares they are selling for clients those lower-priced shares will not show.
Who is the "they" that controls whether the stock moves up or down?
I'm up 4.5x in 7 months on CVLB(D). Some people choose to take a profit when up that amount, especially after a reverse split where they feel their leverage is not what it was previously. I hold shares in companies that are rapidly growing, like Conversion Labs, until they demonstrate otherwise.
A 2.5x return does not seem particularly massive given it's current share price. I'd like to see a lot more out of this company than a US$4.20 share price in 2 years.
I sold some of my shares today at a very nice loss and hold my remaining shares with about a 50% loss and will buy back in when I see positive news. I may not catch the low but darned if I buy more not knowing the direction of the company. I really believe that COVID screwed them up but as I said in an earlier message their ability to turn things around will continue to be hampered as long as we are in the midst of a pandemic.
They may not have additional revenue until 3rd quarter next year, given what they said during their recent earnings report re: inability to further execute their business plan until COVID resolves. Can they last that long given their burn rate?
My thought, exactly. A 5500 share purchase is nothing. One would think that a company's executives who had great confidence in the future of their company would be buying their stock hand over fist at or near the 52 week low.
The focus needs to be on growing the company not on the stock price. If the company executes its business plan successfully the stock price will follow.
So how many people, given the very low price of the stock are buying more? I'm not; I have enough shares at this point. I had bought a bunch more at $2.83.
To be clear, I think they will make it which is why I have not sold any of my shares. It's just going to be tough sledding for a while.
I'm not sure why NASDAQ uplisting is of great concern. Plenty of companies do well without uplisting. I missed the first 10 minutes of the call but for the rest of their presentation and during the Qs and As it was not brought up.
At this point it's a matter of generating revenue that exceeds burn over the next two quarters. Russ did put in a caveat and it's huge- "if" COVID is such that we can execute the installation of the assets in our pipeline. I see it as a race against time. My money is where my hope is. I think the company is doing whatever it can to generate revenue. Will the revenue come in before the cash gives out is the question I live with.
I want to see announcements like this:
https://finance.yahoo.com/news/star-jets-international-inc-jetr-130010102.html
I'm not trying to hawk that stock. I could care less. But that is what companies do. They have press releases where they announce signed contracts with associated dollar amounts. That is what I find missing with MCDLF. If what they release at their conference calls and announcements of acquisitions and the possibilities they create is sufficient for some folks then that's great. I'm used to getting updates that I don't have to guess whether or not the company in which I own shares is on track to be the dynamo they purport to one day be. The stock price is stuck where it is for a reason. From where I sit it's because they are not presenting the kind of information that new (or current in terms of more shares) investors need to buy into the company. I'm done messaging. It's a waste of bytes. We'll see what happens. I have 20,000 shares. I have my money where my hope is.
I saw their last presentation and that will be the last one I watch. I'm tired of the unrealized promises and the extraordinary decline in stock price. Yes, COVID is part of it. The only thing I care about now are results. Slick videos, multiple press releases and video conferences become of diminishing value over time without a demonstration of movement toward meeting performance goals. I, like others, give them until the end of the year. I tend to hold stocks for many years and am patient knowing that one day they will pay off. What's different here, for me, is that predictions were made that don't even seem remotely close to being realized. I write this not for this board but in case someone from mCloud follows these messages. I'm sure that for many folks here I'm preaching to the choir.
"I expect it to turn around very quickly"
Why do you say that? I certainly hope so.
Yes, I'm aware of the $3 listing requirement. But doing another reverse split is not a good way to get there. I don't mind reverse splits but if they announce another one so soon after the last one the stock will tank even more. It can be a never ending cycle was my point. Let's get there the old-fashioned way -- because we earn it.
> Note to McMeekn: 1 for 2 reverse split gets you on NASDAQ.
Were you being serious? Revs and earnings are what will get them onto NASDAQ or else they can keep reverse splitting until we each own about 10 shares.
I would typically buy more shares at this price to average down but I already have so many shares (avg buy price $3.50) that I just can't pull the trigger. So like all of us, I will wait to see what evolves.
Capitulation.
According to investor relations there are contracts being signed. If that is the case, why don't we get announcements to that effect? Perhaps they are tiny deals and not worth mentioning. But as the stock drifts lower, further away from any near-term NASDAQ listing, it would seem that IF they are indeed signing up new customers (or expanding their relationship with current customers) they would be publicizing that.
"And if that’s not good enough, the Governor of the State of New York announced all Malls will require air conditioning systems that filter the coronavirus before they can open up, I bet the phones are ringing off the hook both ways. Wonder which state is next?"
I sent the article to mCloud, yesterday, and was told their sales team is on it. Having said that, it sounds like the decision makers, at least in NY State, are thinking about UV light as the way to clear the air of active viral particles as opposed to mCloud's electrostatic fields. I look forward to the day we start hearing about that form of fomite/bacterial/viral air decontamination. mCloud has some work to do. Hopefully, they will get it done. The next 6 months will be telling.
> For new investors this would likely be a great time to buy into
> this company.
Agree. I sent a friend, who is looking for companies in which to invest, an invitation to tomorrow's session. If he's interested in buying shares of mCloud this would be a good price at which to buy.
I registered and sent in a question re: potential increase in revenues through 2021 because of the new acquisition. I heard back from Wayne Andrews saying that the question should be answered during the session and if not I should contact him. I wrote back to him asking his relationship to mCloud and also expressed how given all the acquisitions they have already made it seems little has come to fruition in term of increased revenues. Perhaps we will all be wildly and happily surprised at the next earnings call.
Thanks. Yes, I did see that. I can certainly ask how will this new business relationship translate into more business for mCloud and what are the potential new revenues through 2021 because of this relationship? I don't think they will entertain questions outside the scope of the purpose of the acquisition.
Have you written to John Fraser, the IR guy, at mCloud? I've written to him many times. If you haven't (or others haven't) it may be worthwhile to express your ideas/point of view to him. If it's just me or a couple of people it's just lone wolves out there giving mCloud a nudge. But if it's many voices, maybe they will start waking up to the actions they need to take and understand their investors are losing patience, especially relative to the expectations THEY created. Or if they are taking positive action, let us know the top and bottom line difference those actions are making.
I mentioned to their investor relations person that UV is getting all the press in relationship to air quality and COVID. Seems like a place where mCloud needs to insert/assert itself. The company also needs to start backing up its multitude of words and glossy images with those deals you mentioned to maintain investor support. The unchanging statement "we have x number of assets with these huge companies" is getting old. mCloud needs to start demonstrating that they are getting new clients/assets.
For a company that says that want to get listed on NASDAQ they are doing everything they can to ensure that doesn't happen. I hope another reverse split is not in our future. The company reminds me of a start-up biotech. It's always a race against time and money as to whether they generate enough revenues and profits to remain a going concern given their very high expenses.
I shouldn't have made my post directed at anyone. My apologies. It really should have been in general.
I posted out of my own frustration so believe that others are as well and wondered if people are losing interest. I'm long with many thousands of shares. Many. I see the press releases that generate zero interest in the stock. I wish they would say how the new relationships and latest acquisition translate into long-term revenues. I believe that's what potential investors are wanting to know (it's what I want to know). They make fabulous marketing videos but need to talk about contracts and dollars.
So I take it you and everyone else on this board didn't like what you heard in the latest quarterly report? Seems like the air has come out of the mCloud balloon.
It's hard to know what to do with the low-priced stocks and taking a profit is always great. Sometimes I've sold way too soon and other held on so long that the stock went down to where I bought it. My biggest win was Hemacare (HEMA). My apologies if I've mentioned it before. Average buy price was .28 across all my shares (most at .20 - .25). Eight years after I started buying it the company was bought out at $25.40 a share. I never sold a share in those 8 years. I figure it was a once in a lifetime event, although I would welcome a second occurrence. Let's see if ZMTP can be another Arris. Doubt it. It's a long way to go to being bought out for $7.4B.
I thought about selling many of my shares at $3 but if I did I''m sure it would have gone to $10. It's as if I enter an alternate universe when I sell. Ditto for when I buy. I buy for the long haul, in this case thinking as you do that we will be a $10 stock.
Thanks. I found that after I posted. An S-1. As you said, a non-issue. I wish I saw the stock drop below 1.84. I would have been all over it at that price. It will be interesting to see if Zoom can create itself as a large company one of these days. Many years ago it sold for $8 a share, then dropped into the pennies. My average buying price is 20 cents and I've added more shares even at $1.81 believing that the future will be excellent.
I can find no news. If someone put in an open order to sell 100K shares the stock would drop a lot given that it's fairly thinly traded. The current price could be a buying opportunity