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I tend to agree with you, this kind of hemorrhaging isn't sustainable in any scenario
I agree on all points, I just got in this week.. and doubled down today. But definitely not hedging the house on it. Where they are right now is what makes or breaks empires, just have to hunker down and see which path they decide.
Bankruptcy might be a little alarmist, but it is worrisome that they're floating on massive Goodwill loans to keep the lights on with the aggressive growth strategy. If the lenders pull out at this point, there's almost no equity in the company for shareholders. But, it looks to be a turnaround quarter for them, just need to restructure their aggressive strategy and make some tough decisions
I think we'll over a month to satisfy one due out seems a bit unreasonable for shareholders. How does this reflect on the product, if you can't meet standard filing timelines..ever.. not in a single instance
You're saying almost half a quarter late is unreasonable? Welcome to the lclp roller coaster
Starting to look like I'm out 4 grand, can't win 'em all I guess.
Ouch...
To be fair, it was a completely different company at that point, with the ultimate goal of competing with GoPro. This company (sans name) is still proving their worth
I'll be surprised if we see that 10K before Friday - still watching just in case
Meh, not gonna happen today I don't think.. this is getting a bit obnoxious
We're all in pretty deep at this point man, not worth getting out until 10K at this point.
It was posted Friday.
If the revs don't reflect the expectation, I agree.
Really anyone's guess at this point. They couldn't file on time, filed for an extension, and blew that timeline as well. So really no rush at this point, they're already delinquent on their filing.
Was really hoping to see that 10K today
Forgive my ignorance, but what exactly happens if they file for extension, and miss that deadline as well?
Hmmm.. I didn't really have a contingency plan for not posting 10k today lol
They usually drop their filings pre-market, we'll see if they do again.
Of course it's scared money, they have 5 billion shares - makes it pretty difficult to keep momentum when they seem intent on keeping it in the trips
Meh.. figured it wouldn't last more than a day before they got in on the action. Was a good run though
Just waiting on them to drop their filing for extension on quarterly. 90% sure they won't be filing on time.
Who knows at this point if it will come back, that A/S is pretty massive.. so unless it's a stellar quarterly. My guess is they'll file an extension for that though
So they have until Oct 15 to get it over a penny and stay there, and they just increased shares to 5 billion? I'm guessing that means they're just dumping as many as possible before R/S to stay listed?
Some news would be helpful
This thing is just going to sit stagnant after the A/S increase. Needs some pretty stellar news before making any meaningful movement.
Every single time this thing starts picking up momentum, something like this happens. Well, see you in trips guys - onto the next one
I must be missing something here, don't run into a lot of stocks that publish positive news and drop because of it.
Welp.. trips it is, was fun while it lasted