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As a business owner with wholesale and retail sales, I can tell you that if we have back orders, we would always fill all wholesale orders first before even offering any of it on retail website or to the public.
If the goal is to grow the company big then its better for them to focus more on their Business to Business sales than retail, IMO
I have a question for people that have been following the company for a while:
How long have they been sold out their merchandise? Is this as a result of August sales? and how long before they get new merchandise in usually???
I assume most sales are on back order right now
I appreciate any input in that regards
Thank you
He doesn't like spending money on PR's
I wish he would consider opening a twitter account though, that would be a great form of communication, IMO :)
I think we will break 30 very soon possibly even tomorrow
Lets see
GLTA
Yes, I believe it is, building a nice base again in this range
Its trading exactly like it did before the break of .060's last week or so ago
0.075 is not that far off :)
JMO of course, GLTA
The Ascending Triangle is a very Bullish chart pattern
Google Ascending Triangle Stock charts and study up :)
Agreed 100%
Well said!
I see Ascending Triangle forming on the chart
There is always a risk but it should be moving up in my opinion and pass previous resistance levels soon with any good news.
GLTA, Long POTN
Yes! $$$ added more today :)
Its dumb retail selling right now, flippers IMO
Received news and update from CEO!
Hi everyone, The CEO is scheduled to have another UpTick interview sometime between OCT 2-15th, not sure when that would get broadcast but I assume its fairly close to interview date.
He also mentioned that they are working on restructuring the debt for 2018 and are using the A/S to lower the debt in general.
It seems like there is a lot going on behind the scenes that we are not seeing. The dilution is not the whole story, hopefully we will have a lot more clarity in the interview.
Maybe someone can contact UpTick with some shareholder questions :)
Holding all my shares tightly and considering buying more in the near future. The company is not generating any new debt and the old debt is being dealt with. Very undervalued even if the A/S is maxed out!
Can't ignore the risk/reward here IMO
GLTA and Long and Strong BTGI
Yes, and when it happens it will not be expected and it will be very fast
When its going to happen I really don't know but I know it will!
I truly hope sooner than later, I expected this to be well above 05 by now, If anyone is good with filings maybe they can give us a sense of whats coming up as far as the debts, I believe the rest of the notes are not dilutable at these levels, PPS has to be above 02 for them to be transferred and only at a small rate.
I'm hoping that is the case because that PR alone would push us over a penny in no time IMO
I agree on that, wish we had more clarity and more PR/Updates, maybe a twitter account would be a good idea
what I do know is that once the debt is reduced we fly so I'm holding for those golden days :)
He doesn't care about share holders because he is getting rid of debt?
Not sure if I agree with you
The overall health of the company is getting better and better and the shares are being sold at a huge discount.
We know that their revenue is consistent at around 6.5 mil per Quarter, that over 2 million per month! Show me another company that has that kind of revenue at these levels in OTC? And that was before Big Red Acquisitions and the purchase of additional trucks and trailers.
The debt is reducing either by selling parts of the company or by diluting, BUT its reducing! and as someone mentioned before most of the notes are not transferable under 0.02 so it seems to me after this is all said and done thats where we should be heading very soon!
Just my opinion!
Honestly I wouldn't worry too much about that as the health of the company is continuing to improve and will soon be profitable
You must remember that the company has taken a huge turn during the recent months, all of these debts and dilutions are due to old businesses and management. It will not last forever and it may be already be over till we reach multi pennies.
Just buy and hold long term and you will be fine IMO
This stock is acting like there is news coming out soon IMHO
It could easily breakout here with a little buying pressure
The stock is stair stepping up very nicely and making higher lows
I don't see this hitting low 5's at all
I added today, looking for more to add if it goes lower again
Its up from here in my opinion
Stay safe!
I'm sure with the new bank loan, they were required to purchase a strong insurance policy.
I'm sure they have insurance that would cover any damages, not worried about that
bought whatever he had left at 28
we need to clear out 30
looks pumpers have some more shares left at 0.06
A lot of traders sell on news days, it happens to most stocks, unless the news is so positive in nature that it brings large volume of buyers, then it will go up
But most traders buy on a dip or a rumor and sell on the actual regardless of how good the news is, or how its trading
take a look at most OTC stocks, its pattern with almost all
Its the pumpers themselves who are selling
seen this many times, they should leave soon IMHO
someone just bought 400k at .06 :)
The chart shows higher lows building, step laddering upward tred
good chart, good entry, good fundamentals
I'm in, bought in yesterday in the high 5's
$POTN
I believe it was 1.4 million in July :)
Up on low volume is always a good thing in my opinion
I agree the selling is done!
what is your short term and long term targets for this stock?
thank you
what are the upcoming catalyst for this stock?
Thinking about starting a position here
Thanks in advance
I really think around 30 area is the new bottom for this stock
Lets see
We spend most of the day in the 20's because of panic retail selling not the note holder dilution, he stayed at 30 the whole entire day
You don't know how many he has left and neither do I, but what we can guess based on his actions
He didn't seem desperate to sell at all yesterday and that should tell us something
you may be right, but only for a few more days maybe even just one, what I'm saying is to look beyond that
If you are a day trader then you would be right but most of us are not day trading this one
0.003 is the bottom from what I can see at this point
Why because they issued shares to reduce debt? That's your definition of pump&dump?
LOL, I wish this CEO would pump a little!
No, This is the bottom for this stock and thats what I'm saying
Buying at .003 or lower is a good solid long term investment, he doesn't have infinite shares, his shares are limited just like yours and mine, He will eventually run out, the scary part about dilution is not knowing how far it will take the stock down, if he is not selling cheaper than .003 that is a good sign. Plain and simple
If this is not for you, its fine, there is nothing we can say to change that
IMO, just buy undervalued companies and hold them till they reach appropriate valuations
Thank you
He is not going lower than 30, been sitting there all day :)
I added 1.2m today
He is not selling lower than 30, and May leave and come back at higher prices
Which interview are you talking about? In March?
They didn't have Big Red back then
He doesn't want to sell lower than 30
If he wanted to take this down further he would have done it by now, remember this is not the company selling but the debt holder and they don't want to loose money by selling too low.
I think he will stay at 30 until he is bought out, all others are retail panic sellers
I hope you are right about that and that is what I want to believe too
The only good news is that the company is not generating new debts and once the old debt is dealt with, the sky is the limit
It may just take a little longer to get there or it may hit us in a surprising way
a little frustrated but I'm also hopeful