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TD Ameritrade is giving the following headline (but no link): *MGO Global Exceeds Full Year 2022 Revenues In First Five Months Of 2023(Benzinga)
"RSS will not reduce the total number of authorized ordinary shares that the company is authorized to issue, meaning that after the split, an additional ~1.7 billion shares can still be issued."
Say it with me now: "DILUTION SPIRAL"
$100 Million dilution 5/9/2023, and they already need another $300 Million barely a month later, plus announcing a R/S that will probably be 1:90. I'll also point out that they hid delays to their phased delivery plan (which I've been saying for weeks they won't deliver) in this horrendously bad news.
FFIE is using common shareholders to line their own pockets with no real possibility of future profits anywhere in sight. Stay away.
0 chance of this bouncing back to last week's high (let alone above it) on Monday, or until the r/s happens for that matter. This is a sinking pig.
R/S can't happen until stockholders have had a chance to vote on it was my understanding (though I skimmed the PR & could be wrong). If that's the case we're looking at weeks of decline before a crappy R/S to get us above $1.
Dilution & R/S is their plan to prop up this POS company.
This'll drop below $.10 before the r/s. Stay away.
They literally just announced the only way they can hit dollar land is with an r/s, but nice try.
Bwahahahahahah
Been saying for weeks $FFIE is propped up by dilution and y'all are acting all surprised at a R/S the second it starts to gain traction.
FFIE is junk. Never going to make a profit, never going to have a product they can produce more than 500 in a year. They're playing at making expensive toys with borrowed money they never intend to repay.
Better flip for profits while you can, because once the momo leaves and the technicals take back over it's back to the $.20's.
It's not going to matter how long they have to get over $1, because they're not going to get there. You could give them 10 years & they'll probably be languishing around .0001.
Looks like last week's short squeeze is over, heading back to our normal new low after new low after new low...
Dilute with convertible debt, R/S, dilute with convertible debt, R/S... it keeps businesses going for decades without ever having to make a profit on what they're selling.
Unfortunately it is also at the expense of shareholders.
Oh look, ANOTHER 5+% drop day.
/trash
I just call it like I see it, mostly to take my mind off real stresses & for fun. In this case, we have a company that's creating a super high end supercar, as yet market untested, which appears to be financing through massive convertible debt.
I can't be convinced FFIE is going anywhere but sub penny until that convertible debt is paid off, which I don't think will happen anytime soon selling only 300 cars at exorbitant prices.
Agreed. Rampant dilution with no end in sight for a product that'll never make a profit.
$180,000 price point is not going to be a tesla killer. Drop that to $70k and maybe it has a chance.
Surprise, surprise. Convertible debt strikes again with a 7% drop. You must have bought at the 12 month low to have any gains. Hold much longer we'll have a new low.
"Holding Gains" is a strange way to say 97% drop since the 52 week high.
Have they actually produced anything? Best as I can tell the only production movement they've managed is to get lenders (mostly insiders) more and more convertible debt.
$100 Mil in convertible notes tells me otherwise.
Solid volume bump the past week. Is this because of the EPS beat last week or the new Head of Finance? $FFIE
Maybe, maybe not. But there's money to be made in MOMO & FOMO.
$GEGI
Looking at the charts, the biggest jump was yesterday. So unless you're basing your "chart pattern" on only yesterday, there's no pattern indicating a 300%+ jump is coming in the next 32 hours. Even if you are only looking at yesterday, a similar percentage increase today doesn't hit those numbers.
Picked up a starter this morning. Hopefully the past month's trend upward continues. $GEGI
That was huge news... when it came out in July.
NEWS: AAWH ANNOUNCES Q2 2022 FINANCIAL RESULTS
Q2 2022 Financial Highlights
Gross Revenue increased 16.2% quarter-over-quarter and increased 20.7% year-over-year, to $117.7 million.
Net revenue, which excludes intercompany sale of wholesale products, increased 14.6% quarter-over-quarter and 17.0% year-over-year, to $97.5 million.
Retail revenue grew 19.4% quarter-over-quarter to $75.6 million. Gross wholesale revenue grew 11.0% quarter-over-quarter to $42.1 million and wholesale, net of intercompany sales, grew 0.7% to $21.9 million.
Net loss decreased to $21.2 million during the quarter, compared to a net loss of $27.8 million in Q1 2022.
Adjusted EBITDA1 was $20.9 million, representing a 21.4% margin, a ~220 basis point margin expansion quarter-over-quarter.
As of June 30, 2022, cash and cash equivalents were $140.6 million, and net debt2 was $152.7 million.
AAWH Announces Q2 2022 Financial Results
Why tf is PSHG dumping on this news? I would understand a small pullback but to drop to $.31 on news of a $.45/share offering seems like major overkill.
$PSHG
Nice news. Picked up a starter.
$PSHG
Initial dump could have also been profit taking after 10 days straight of green. Seems to be bouncing off the low at the moment.
Thinking we'll blow past yearly high during initial rush this morning. Then volume will dictate if we come back to close the gap or rocket.
Fundamentals don't matter much on the pinkies, MOMO is gone here. Either cut your losses or hold your bags till it's back - which it probably will be, as fundamentals aren't bad (so decent news should be forthcoming).
Solid close today. MOMO/FOMO alone will drive this to dollarland IMO.
$SIRC
10d chart peaked my interest so picked up a starter here today. Is the movement based on the company or the general infrastructure bill?
$SIRC
$EMGE up 300% from 10 days ago, hits a single day pullback to same level as 2 trading days ago. This should not be startling/unexpected.
Fundamentals haven't changed. IMO this is flippers freaking out and dumping when discovering that they couldn't make 10,000% gains here in less than 24 hours.
Still think we'd have flirted with a nickel today if it weren't for the 1 milly dump around 3:20. Can't blame someone for taking profits. Fundamentals today were good, a lot of new accumulation forming a solid base. We'll bump right back to .04 tomorrow & grow from there.
$EMGE
NEWS: AAWH to Hold Second Quarter 2022 Earnings Conference Call on Monday, August 15, 2022
NEW YORK, July 14, 2022 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U), (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, today announced that it will hold a conference call on Monday, August 15, 2022, at 5:00 PM ET following the release of its second quarter 2022 financial results after market close.
The earnings conference call may be accessed by dialing 1 (888) 390-0605 with conference ID: 06364687. A live audio webcast will also be available on the Investor Relations section of AWH website at https://awholdings.com/investors-overview and will be archived for replay.
I'll be (happily) surprised to see .07 TODAY, but we'll at least flirt with .05 if not jump past it during power hour. IMO
$EMGE
Even snagging 4's is a deal at this point IMO. I still think we hit or bounce off .05's during power hour.
$EMGE
My original thought on $EMGE was that we'd hit a dime, but now looking longer-term this is reminding me of several others that reached over $.50 in a 6 month to year timeframe. Some solid fundamentals here for an extended run IMO.
Agreed, nice churn with new base formed.
$EMGE