Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Exactly!
I understand his constraints about speaking of the ARIA revenue. But there are other things he can explain, for instance other milestones he's hoping to achieve, what's going on with Sparta, and CLEAR. The OTC is probably 99% companies that will never amount to anything. And just like people are judged by the company they keep, Shawn needs to demonstrate to other than the IHUB faithful that GRST is different. I don't see it as being impatient, but investors need affirmation that they've made the correct investment decision, and the recent price action suggests otherwise. Money flows to where its treated best, and I think that explains all the recent selling.
True supporters bid ABOVE the ask!!! LOL
To those who say sell and move on if you're not happy, just try to sell millions of shares, even if you break it up into small chunks. It can't be done in the absence of buyers and with low volume.
To those who say they believe in the company but wish Shawn would communicate more, which was where I've been, why do we still believe in the company? Who's to say when Q2 fins are available that we'll see the revenue we're expecting?
To those who say "I'm not worried, I know what I own", how do you know? Do you have inside information?
This is an unforced error by Shawn caused by his lack of communication. As the price erodes each week, more buyers are trapped at higher levels and will take advantage of any price spike (if it ever comes) to lighten up. Personally I had GTC sell orders at levels much higher than here, that I have adjusted downward as I no longer have the confidence in the company that I once had. Multiply that action by the many investors who feel like I do and you can see the problem. Why won't Shawn give a progress update?
Go ahead Shawn fanboys, let me have it!!
Price is truth. It's up to Shawn to demonstrate that the company is worth more than that. Or to make investors believe in his vision. So far he hasn't done this.
"Health care companies, I would imagine, would especially want to maintain their duty of care for shareholders who have money on the line and are trading based on the public information provided by the company imo"
Any well run company should care about this.
You know that old joke that if you look around the poker table and can't tell who the mark is, it's probably you. This price action doesn't make any sense to me either but I suspect there are those who know exactly what is going on.
But you could have said the same thing about the "idiots" who sold in the last week or two in the 5s, that being the lowest price in weeks, at the time. If they redeployed those funds into a winning trade then they were "geniuses". The same for today's idiots if the price is in the 2s in a couple of weeks. And Shawn is just a helpless bystander I guess.
There are investors probably holding 10s of millions of shares purchased at higher prices, who are getting frustrated and selling into any price spike. This is a self-enforcing feedback loop as other shareholders may start doing the same. Time will tell if they are idiots or not.
And you know this how? Serious question. Why is the message of the market different from what we think we know about this company? Why is Shawn unable or unwilling to provide investors some verification that we're on the right track? Hope/faith is not an investment strategy but it seems like it's all we have left.
If you're still buying I applaud your intestinal fortitude! I was ridiculously overweight this stock months ago but bought more at .005 thinking "how can it go any lower"? Well,now I know. GLTA.
In his defense, maybe he has no experience running a public company (I don't know) and figures he'll just stick to growing the business and the stock price will take care of itself. But hopefully there's a Board that can advise him differently. As I suggested, it's easy enough to put out a press release, do a conference call, podcast, etc. to inform shareholders as the current developments. Sure, many posters here bought in at much lower price levels but that ignores what's happening now. And again, unless this company is not what we had hoped, this situation can be fixed if Shawn is willing to listen.
I think this is an unforced error by Shawn that he's running out of time to correct. Potential investors see the price action and see no reason to put their money at risk. Existing longs are trapped at higher price levels and use price spikes to lighten up. As the price continues to erode more people are trapped and inclined to sell into rallies, capping any upside.
In my opinion either this company doesn't have the potential we thought we saw, or Shawn is failing miserably in his role as CEO to keep shareholders informed. I don't see any other way to interpret this. Here's some free advice Shawn - Set up a camera in your office and record a 15 minute podcast setting out your plans for the rest of 2021. It's easy, cheap, and might help turn the tide.
Why can't I get this Simon and Garfunkel song out of my head?
"You know the nearer your destination
The more you're slip sliding away"
Honestly I stopped looking at Level 2. The MMs know investors look at it and play all sorts of games, to the point that what we see doesn't have much value IMO. Someone has shares to sell, and as long as that's the case you slapping the ask makes their sales more profitable. If/when we get the news we all hope for the buyers will come and outnumber the sellers.
I generally agree with you. We knew the Quarterly was not going to have the revenue from January/February, but management could have issued a press release giving an operational update. I do believe we are one of the few "real" companies on the pink sheets, but if the investing public is going to believe it then management needs to make more of an effort. And it's not pumping, as it's in everyone's best interest to support the stock price. And by the way, encouraging other IHUB posters to "slap the ask" is foolish and I have to question the motivation of those who continually tell others to do it.
I think the point you're making, and I agree with, is that we think we own a great emerging company but the price says otherwise. If, as we all KNOW we're getting a promising quarterly report in a couple of days one would have thought the price would begin to reflect that. GLTA
Typically when a company authorizes a stock buyback program, it's for a stated amount of money to be used to buy back stock over a set period of time. It's very possible that in a year or two we'd be in a
position to buy back stock. Or if we sell the Canadian property maybe not all of that cash is needed for operating purposes. I think announcing such a program now would have good pr value. Plus I think over 2 billion shares outstanding might not be unusual in the pinks, but it's still a bloated number in my opinion and makes it easier to manipulate the share price.
I'd like to see them announce that they've authorized a share repurchase program. I know a growing company probably has better uses for limited cash flow, but look at the math. At .006 per share, $6 million basically reduces the O/S by half. It shows confidence on the part of management that the share price is grossly undervalued which would really be a boost to investor confidence and probably put a floor under the share price. And they don't actually have to buy back a lot stock, just announce they've put the program in place. Or have the Leon's give GRST a low interest loan and retire a chunk of stock. Wouldn't that be nice?
I don't know, but I hope they're done soon. I going to have to join G.A. (GRST Anonymous) because I feel a compulsion to keep adding shares at these low prices. I'm way over-allocated.
They are working a very large sell order from someone with a limit of .0057 or better. And the seller wants the shares sold as soon as possible. Sure CFGN could play around and let the pressure up so that maybe they could sell some at .006 but it would take longer to fill the order and there's no benefit to CFGN to do that. We just have to hope that there are not too many shares left to dispose of.
It's been almost 2 months since the news that we had signed the MOU with Sparta. Surely there's some updates Shawn can share with us?
I don't want a company issuing fluff press releases just to pump up the stock, but this seems to be the other extreme. A higher share price benefits the company as well as investors. Is there really nothing of interest happening with the company?
Assuming you're buying shares of common stock on the open market, I'm not sure how that's helping the company take care of debt and support the new operation. But I do think your DD has been impressive, and after studying the 10K closely, I bought a boatload of stock and am now a whale by your definition (well, that and the blubber around my waist LOL). I still am a little concerned by the lack of anticipatory increase in the share price, but "you pays your money and you takes your chances"! GLTA
I certainly hope you're right that he's doing everything he can for shareholders, and the lack of price appreciation is only temporary. There has been some great DD by posters here. But that information isn't proprietary to IHUB, so one has to wonder since everyone "knows" the great numbers coming in the next Q or 2,why the stock price hasn't moved? A great company operating model does not always equate to a great stock, and I'm hoping it's just a matter of time until the latter catches up to the former.
Don't take this the wrong way, because although I don't post much I think I have as many shares of this as almost anyone here. But there's a difference between being able to run the company and being shareholder-friendly. As an example, sometimes a smart exec decides bankruptcy is good for the company long term, but obviously wipes out the shareholders. I'm not in any way suggesting that's a risk here, but I'd like to see Shawn demonstrate he's looking out for his shareholders, as well as running the company.
My suspicion is that the SEC is complicit in all of this (adjusting my tin foil hat). Having received a lot of criticism in the wake of Reddit/GME, they are trying to "protect" (end speculation) the retail investors. People think the SEC is here to protect the little guy but their mission is to protect the "system". I think I read JANE and others showed up on about 78 OTC names a few weeks ago, about the time the OTC rout started. It's not too hard to connect the dots if the SEC was really interested in doing so. The problem is the market makers can keep the pressure on even if the individual companies come out with good news. I don't know how this ends.
Who knows? But I'm heavily into WDL*F and after a great podcast Monday night the price has collapsed. HMB*L is another one with great potential getting killed. Maybe all these companies are garbage, but it still is odd that the investors came to that conclusion all at once.
This is not a company issue, IMO. Take a look around the OTC. Many decent companies being taken to the cleaners. I'm not sure what reverses the trend (if anything) but I think GRST could announce they that had cured cancer and the stock price would probably drop 10%!!
First post here. My other OTC plays are also down double digit percentages today. This really sucks, but the action today is not WDLF related.
Don't forget, warrant holders are investors too. If the company is taking actions that are detrimental to warrant holders, that's not good either.
Amfil Technologies
? @AmfilTech
Aug 13
More details regarding these deals including the specific cities etc will be announced via formal pr later this month. Next stop is Colorado on Wednesday for the remainder of the week!
They gave a general update on Amazon scar product sales (beat expectations). They gave time frames on the stem cell cream and on Cannophen. It's a stock selling at fricken' penny and some of you complaining that they weren't more polished on the call? I just added.
Just so I'm clear, people are concerned about the fact that $8,000 of stock has been sold so far today? Keep your eyes on the prize!
My thinking is that if Mr. Terry can spend the time he does responding to Shana, wouldn't it be better to reach a wider audience by publishing something for all investors? Especially when there are negative rumors being spread. Watching paint dry is MORE exciting than following this stock, but at least it seems like there is some progress.
First time post here, I hope I'm not mistaken for a basher. Mr. Terry should communicate more with shareholders. There have been two press releases in the last 8 months. If he can take the time to respond to Shana's emails (and I'm sure she gets his okay to post his responses) then he can communicate with this entire shareholder base. If there's nothing officially newsworthy, then how about posting a shareholder update? I certainly would like to know what's happening on a number of fronts.
I have a small position here so maybe don't follow as closely as I should. But I just kind of shake my head when I read all of the negative comments on different Ihub boards. (btw, I agree with your take on BVT*)
This is a penny stock, trading at 26 cents. It has some warts, or it would be trading at 26 dollars. I'm invested for the potential, I expect some hiccups along the way. If investors waited for the all clear before buying shares, it would cost multiples of what it costs today. Until the company is proven to be doing something wrong (not just one insider) or their IP is shown to be worthless, I'm excited about the possibilities.
Back to lurking. GLTA
Thanks. It will be interesting to see if/how the market reacts tomorrow.
He may well be, I've never heard of him. Obviously OWCP is not on his recommended list. The timing of this is a little suspect IMO given the strong day Friday. I guess the question is how valid are the issues he raised?
https://finance.yahoo.com/m/282bb19a-3351-3bff-b2f0-7bba1dc63d83/avoid-these-obvious-mistakes.html
Hit piece on Forbes this morning. (Sorry I don't know how to properly link to it). Regardless of the author's agenda and the validity of his comments, this will probably kill the momentum that we brought into the weekend.
Maturity and civility not strong suits? No matter.