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didnt fill anyway, holding again haha
ya this is not fun to watch
That's me man...should we wait around and have it go lower?
Just Q1 and Q2 profit with financials released show $2.5M profit. That would be full year profit of $5M. give it a 10x EBITDA, you have at minimum $50M market cap. This is without any revenue from GRONE, which just sold a $40M sale. There is definitely more profit in that, so I would say market cap should be around $100M.
how is the price not increasing, i don't understand here?
Agree. Going to have to sit tight for a bit, but you won't be able to get many shares at these prices. But prob another month or so of waiting.
This doesn't add up yet. If they are doing about $1.2M profit per quarter without GRONE. That's about $5M profit per year.
That would trade at 10-12x profit, so this should be at minimum $50-$60M market cap
This is ridiculous. I bought as much as I could risk on this last week, I know have over 1.2M shares. Hoping this is just a small set back, but hard to tell
Definitely agree. I am very heavily invested, over 600k shares. If the revenues are accurate, and they were doing 1.5M profit before the sales of the GRONE, then Q2 should have major profits. That would be a much higher market cap than the 25M or so we sit at today.
Looks like we are all about to lose a ton of money. Doesn't make sense with the revenues, but I don't have a good explanation to such a big drop.
So heres a few numbers. If quarterly financials are accurate, profit was about 1.5M or so. At 12x P/E, the base market cap is $20M. This was without any of the GRONE or other rev streams, so I would say we are pretty much at bottom right now.
This price makes no sense. If those revenues are real, you are talking about a $100M market cap minimum. I think we are in a sideways trade to find bottom then take off from there. Let's see.
When this goes current, what exactly is the difference from now? More people can trade it, etc..?
A bit hard to believe the market cap should almost $2B at a $2.25 price per share.
Now something like $300/$400M is definitely reasonable with the current revenue and upcoming revenues
by who?
This is still following the same trend as GLF* I had a few years back. Slow around 3-4 cents, then took over in a few weeks to 24 cents...that was on the hope of revenue, this is real revenue.
are we waiting on other filings, or just for OTC to update to current
Shares are pretty tight..Im trying to buy 70k at .038 and no luck yet. Thats a good sign
Wow, even better than I thought
what I don't understand is why a company like MRG* is running yesterday and today. The news was simply no toxic debt and potential of a lot of revenue. We have actual contract closed, no toxic debt. Is it just these filings that will change the game?
Just curious, what is the news that makes this over $100M market cap. Im not seeing revenues or anything?
Do you have the CEOs email? I'd like to send a note
pretty good volume so far today
On Monday we got notice that 'within 48 hours we will receive the login to upload current financials'. So they may still be waiting to get the login. Once they have it, I would imagine they should be able to upload quickly. Nothing concerning yet.
These filings should be out any minute...as long as they were truthful about it
interesting movement earlier...a lot of shares purchased today above current price
I just did as well...it still has the feel of one i held a few years back, it was slow for a bit then took off from .04 to .24 and this has real revenues. lets see
What does that mean?
really frustrating to have purchased in mid 3's when thy said filings should hit
Question here. If there is a $40M binding sale, with $11M+ due upfront...then this is already in the realm of a major company. Is that sale/ revenue fake? Or do people just not know about this. Or are any of the revenue number on OTC companies fake and they can pump out whatever article they want?
why all the way back down??
doesn't need to be $400M, even $80M is great
This one feels a lot like one I was in 2 years ago GL**FH. Went from 2 to 24 cents on pretty low volume the entire time. That was on the prospect of only $6M rev.
What other news are we waiting for here?
why did the volume drop so low today?
hit 2 bottoms and came right back, looks strong
If it consolidates a bit more here, then over 3 is going to be easy. We may get a double to 5 or 6. Looking nice
are revenues and management legitimate...nice website and all, and if true, then it should be valued much higher
why did it just tank
im bidding for another 45000 shares at .042 my current avg is .095, hoping to bring that down a bit