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Can a board Mod please sticky this so new investors can see a snapshot of coho's financials and how great this company is.
They made $310k profit on $546k in revenue in the first 6 months of fy18. Q1 they made $255k in rev with $110k in profit. Q2 they made $291k in rev with $200k in profit. With their profits they paid $86k in debt off. Finally, after all business expenses (including salaries, debt, rent) they had $10k in cash to put in the coffers...COHO is growing, and from the recent business update we know Q3 is going to show even further growth with more revenue and greater profits.
I just added more...thanks fliptards...love you guys.
42+million bid support. This thing just needs a little momo and it will go past .001 quickly.
Buy as much as you can at these prices. The fliptards will keep bouncing the sp around but when it takes off you want to make sure you have tickets for the ride...COHO
Well clearly you dont pay attention or you just dont know what you're talking about because there has been no change in the float since Jan, which means the run in May nor the latest run was done in order to dump shares.
With the company's fundamentals and year over year growth...it is just a matter of time before this runs. Look at LDSR's just released Q, they are awful. They will have to dilute just to pay the Bill's. COHO HAS A NET PROFIT after all business expenses are paid. COHO doesn't need to dilute to keep the doors open. We have a winner here.
Eventually
Well, I'm holding for gold...so the whole world can suck my nutz....
Take a minute to actually break down and review your comments. It's easy for you to stick your head in the sand and ignore the facts because you got in early and are still in the green, however that doesn't change the blatant lies that came from this company in order to pump up the price.
1. There will be no dilution...fact there has been dilution regardless of why
2. Our lawyers are working on finalizing contracts. Just an outright lie.
3. We have signed a letter of intent to acquire clec holdings. According to last Q it fell through. Why was there no update.
4. We are changing TAs in order to be more transparent. Another outright lie.
5. We created an IR department to be more transparent to investors. That lasted about a month.
6. Phones are with distributors. If they were they would have to be listed in the financial statements. There is no getting around this. Another outright lie.
7. There is absolutely no way under the sun that wewi has a $250 million contract and ANDI acquired them for 5 million shares. That is the equivalent of me coming up to you and you giving me $50 for every $1 I give you. Just not going to happen.
At the end of the day you can justify their behavior all you want but the facts speak for themselves.
On the contrary all I expect from any company I invest in is transparency and honesty. Regardless of the share price these guys have been nothing but secretive, misleading and dishonest. I understand businesses practices. I analyze them for a living. I dont invest very often in the OTC unless I find a company that has merit. ANDI had an amazing pitch in Dec and Jan that looking back they clearly couldn't achieve. They over promised and under performed. I've lost as much or more than anyone on this board but at some point you have to stop just hoping that they turn it around and see it for what it is.
I will buy back when its trading at .0004 and they have an actual product to sell. The problem is when it reaches .0004 there will be 6 billion OS. Then they will have to do a reverse split because it's in "our" best interest....biggest thing to ever come out of the OTC....lol
lol...That's what I was thinking too.
This is going to trips. That's why I pulled my last $40k out. They keep promising great things but actions are louder than words. They may just be clueless or they may be doing it on purpose either way it doesn't promote confidence in investors. Until they prove they aren't incompetent, I will go with what history has shown until they prove otherwise.
You may not get rich over night because of the flippers who chase pennies but if you continue to buy and hold eventually COHO will pay off hugely for you.
Coho....meant company with NET PROFITS....not revenue. POTN just sold $12mil in revenue with a net loss for 6 months of $1.2 mil. Just to put it in context. COHO had a net profit of $10k after all business related expenses were paid for the 6 months ending on 30 Jun.
If you want to get a feel for how legitimate this company is take a look at the fillings from 2016, 2017, and the 6 months in 2018. If COHO makes over $1.3 million in 2018, COHO will have increased rev 3 years in a row. To accomplish this task Coho only needs $375k in revenue in the 3rd and 4th Q each. Given the fact that evolve revs are now in play along with the new waste contracts that shouldn't be to hard to reach. A PROFITABLE COMPANY WITH NET REVENUE is trading in the trips. If you aren't buying at this price you're not very intelligent.
Agreed it's pretty disappointing how they lied over and over...contracts after vegas, no gagged TA, no dilution. Put out a pick of the phone and dumped millions of shares the next day. Not gonna lie, I bought there BS because of Green and Owen. They may be trying to build a cell company but that doesn't stop the fact that they have lied multiple times about what's going on. I finally sold for a $220k loss. Expensive lesson in the world of the otc. Biggest thing to ever come out of the OTC...what a joke.
I don't think people understand just how great the Q report was. Why, because it shows sustained growth. They made $310k profit on $546k in revenue. Q1 they made $255k in rev with $110k in profit. Q2 they made $291k in rev with $200k in profit. With their profits they paid $80k in debt off. Finally, after all business expenses (including salaries, debt, rent) they had $10k in cash to put in the coffers...COHO is growing, and from the recent business update we know Q3 is going to show even further growth with more revenue and greater profits.
What's funny is there is only 3 people on this board who are calling for a lower price...but with no justification other than...."the price is going lower"....lol....clowns
I'm holding for pennies...these one tick flippers can call for 5s or 6s for the next two months for all I care. This company has clearly shown strength to hold these levels and will only get stronger moving forward.
Or just buy more...I dont need to make pennies for rent money...so I can weather the dips.
What people need to understand also is that even when it dropped to 8s, 7s, and 6s there weren't 100s of millions of shares available. This last churn the majority of buyers were above 10s. So we are building stronger bases every time this runs.
That reply to you was meant to be a new post, not directed towards you.
Matter of fact I'm even right now. If it hits 10 then im down a tick. I dont really care though. Last time it went down I loaded all the way to 7s. I'm not here to flip for pocket change. I'm here to make real money. If that means waiting a few months....no worries.
This is for you nut sacks that doubt I have 90+mill. Click on the post I'm replying to.
Yeah COHO is solid. It's just going to take some patience....something the OTC is not known for.
Good thing I'm holding for pennies. COHO
The people selling at 12s are just people who bought in the last two weeks or even the last two months that are just selling to move on. There is nothing really nefarious about this. 27 million in volume is really not that much. I'm still holding 90+ million shares. So if I decided to sell it would look like an endless supply on the ask for a week with the current volume.
That is a reply from Orie to a ihub member last year. Orie is the one that has 1.7 million invested in COHO.
Yeah, this company is just getting started. COHO....long and strong...755 followers now.
They spent $80k towards paying off debt....that is huge for a young business. Also, Quarter over quarter growth...and because of the business update 2 weeks ago we know the 3rd Quarter is going to be even better than the last quarter. Good things on the horizon for COHO....
Orie Rechtman, CEO of Crednology Holding Corp. commented: “Although the year started slowly, business has improved significantly since the beginning of April, with a 60% increase in the E-Waste division’s revenues. We anticipate exceeding last year’s Revenues and EBITDA for the full year.
Take a look at the first Q ending March 31. They had a rev of $255k with $110k in profits. That means the 3 months ending on Jun 30 they made $291k in rev with $200k in profits. That is a great increase Q over Q. If that same increase holds true for our next Q we are looking at $350+k in revenue with $250+k in profits. We will see, but I'm pretty happy with the direction this company is headed.
After reading through the Q again here are the highlights.
-6 MO rev was $546k with a gross profit of $310k. Great profit margin
-$79,505 was used to pay back loans
-the $134k note was converted to 194 million shares in Jul 2018 but can't be sold until 18 Jan 2019...Orie said they plan on paying that off prior to the shares selling in Jan or as much as they can.
-Orie financed another $50k out of his own pocket to secure evolve IT customers on top of the $65k he loaned COHO to buy evolve.
The best part is that COHO had a net profit of $10k after everything business related was paid. The next Q is already shaping up to be a huge improvement. Evolve revs, new waste contracts, and new cloud revs will be included. So an already revenue generating company that is profitable is only getting stronger. Any investment at this price will pay off hugely....COHO
Now all we need is ORIE to drop some news for the next acquisition.
Solid day after the bloodbath yesterday and the fact it's a Friday. Held up well and there is still a fat stack on the bid at 10.
When you're flipping every day you have to be right to often. Me...I only need to be right 1 out of 5 times to make a huge profit. Just my philosophy and it has worked for me. COHO is one of those you park a ton of cash in and wait for the payday. It could take six months to hit a penny but when it does that means it only took six months of my life to make a million dollars. I can live with waiting for that.
Agreed...that's why I'm here. I'm not a flipper. I buy penny stocks that churn higher on solid fundamentals. They are few and far between but when you find one load the boat and wait for the 10 bagger.
COHO, made $546K in revenue in 6 months. That is $91k a month with $50K of that being profit. You clowns that get on this board and say that the financials are bad are just stupid and have no idea how businesses are actually ran.
On top of that the next Q will show rev from Evolve, the new waste contracts and the new cloud revs. ORIE knows exactly what he is doing. He is building a business not some share selling scam.
That drop yesterday, completed the handle. Lets see a close above 14 today....