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Clay, next time you do a COHO chart run a streamer on the bottom talking about how COHO is a strong buy. Need you to start being a team player here...COHO
Anybody...show me another OTC company trading under .002 with the fundamentals COHO has and with a CEO who is financing all the business acquisitions out of his own pocket.
Final good news from the financials is it clearly shows where tangiers converted their note to 194 million ish shares but can't sell until 18 Jan 2019. So there will be no dilution for at least 5 months. And I the latest business update Orie said they were going to pay that note off prior to any shares being sold.
One more thing to add. If you look further into the financials you'll see where ORIE paid $50k out of his pocket to acquire evolve It clients. This is the first time that has been disclosed. ORIE has been financing the majority of the business transactions for COHO. That tells shareholders that he is 100% committed to the success of his company.
Let's put this in a better context. POTN posted revenue of a little over $20 million last year. On that $20 million in revenue they only had a profit of a little over $200k. So given COHO's profit margin this company is going to be hugely successful.
Financials look pretty good to me...for the 6 months ending Jun 30th they made $546k in rev. That equates to $91k a month in revenue. On that revenue they made $310k profit. Which comes out to be $50k a month profit. Explain how these financials are bad.
"As we have discussed recently, we continue to look for new acquisition targets. We are currently conducting a full operational and financial review of potential targets to ensure that they are a good fit for our business."
This was from the company update. Read the second sentence. Clearly states they are currently vetting new acquisitions.
What else people need to understand is that COHO was profitable again this quarter without the new waste contracts, the 70% increase in cloud computing, and evolve IT revs. Next quarter will be even more profitable than this last one.
Clay, get off the sidelines and tell your followers to buy COHO...we all know it's going up...
P.S. your video clearly shows COHO is bullish, even a novice can see that.
Please, someone tell me how retail can short a penny stock and what the @#$%## broker you use. I have a brokerage account with fidelity, etrade, and capital one (formerly orange). Let me tell you what none of them let me do....short penny stocks. I've even called and asked and all of them said they dont allow penny stock shorting because the shares are not readily available. So the only shorting that goes on in the OTC is naked shorting by MMs. If anyone has proof otherwise (not just heresay) please enlighten me.
No worries....COHOOOOOOOOO
Go to otc markets and look at the 6 month financial statement they just posted today. You'll find all the info you need.
Financials are pretty good for a startup...
Paid off $80k on their $470k loan...
They are bringing in $80K a month in revenue and making a $50k profit on it...
After everything was paid for still had money left to put in their piggy bank.
COHO is solid...buy and hold for pennyland.
Also, another huge positive is that they paid $80k off on the $470k loan for the cloud upgrades...$391k remaining. That's no chump change.
Yeah,I feel ya. The financials caught me off guard to. I was going to sell 3 mil on Friday in anticipation of the financials and people selling on the news and then buy back more shares.....but that didn't work out so well. C'est la vie...it will go back up. Just hold.
Yeah Doc, I thought the same thing this morning before opening. I was like "really" we couldn't have gotten the news on Monday. This was poised to break 17s today after yesterday. Oh well, disappointing but the financials are pretty solid for a startup. This will climb once the panic subsides.
Look at it like this. They made $310k profit for 6 months. That is $50k profit every month, and that is before you add in the new waste contracts, evolve IT revs, and the 70% increase in cloud revs, and on top of that after everything is paid for they have $34k to put in the company piggy bank. I know this goes against everything OTC traders learn, but COHO is a long term hold....flip for pennies if you want, but I'm holding.
On a positive note 164 million shares just traded hands all above .0011...that got rid of some more of the trips holders.
It isn't broke yet.
You guys who flip are clowns. Just a couple days ago you and your buddies were buying millions of shares...now the company is garbage and I should sell. Clearly you sold and want the price lower. Why not just be honest and say that instead of talking about how this company is garbage. I haven't sold a single share....sitting on 98,311,000. The financials are great. A profit of $355k...gives us a yearly projected profit of $1.4 mil...and that's not considered the new waste contracts or the increase in cloud computing....I think I'll hold. I'm not interested in flipping for pennies.
What people need to understand is that this company is just getting started and they are already profitable and continuing to expand. We are not investing in company who has some wazoo business plan to discover the next great technology or a phone that may or may not exist. We are investing in a start up company who has a CEO with a proven track record and the company is not only producing revenue but they are profitable and its trading at .0017. Let that sink in. Way undervalued...
Tarawa, if you dont mind me asking what kind of work are you doing in dubai...if you get a chance check out the Atlantis resort and indoor ski slopes. Take care.
Nice....keep loading. Anything at these prices is going to give a huge return.
Get'em while their still cheap. She is poised to blow.
This board is pretty quiet considering we're up almost 200% in the last two weeks, company is profitable, Q is going to drop any day, cup and handle formation showing in the 3 month chart, all signs of a huge impending run...COHO
nice close....slow march to 2s
Look at post 93118....
Screenshot of what?
If people buy it will move. Still lots of people on the sidelines watching....for what who knows...ALL INDICATORS POINT TOWARDS BUYYYY!!!!
Now is the time to get in. When this thing goes people on the sidelines will be regretting it.
Agree 100%...we have found a great OTC stock here. Great fundamentals will keep this moving forward.
This chart is setting up for the perfect cup and handle formation. As soon as the handle is complete this will go higher. There is a reason chart formations are studied and invested in. Do they always do what they are supposed to...no. But the percentage "for" is higher than the percentage "against". Just like the psychology that goes into trading when a "Clay" video shows up that same psychology comes into play in these type of chart formations...COHO is golden.
Coho is going to pennyland whether it takes 3 weeks or 3 months. What is different about COHO and other otc stocks that you dont want to hold long is that COHO is not just a company with a pipe dream. They have a plan, they have revenue, and the company is already profitable. On top of that the TA is updated bimonthly....this company has to much in store to flip for pennies. Buy and hold until this hits copper.
Hold on to COHO and you will...
I use Fidelity. They don't let you trade penny stocks on margin. They're just in my margin account.
Please do because it will mean more shares in stronger hands.
Ok, I was off by 54k shares...I will remedy that tomorrow.
My philosophy in life is "Say what you mean and mean what you say". I don't have the time nor any reason to lie to a bunch of people on an ihub board that I will never see. So I can assure you that what I post is true.
Question for the board. Why dont people on ihub talk about their entry price or how many shares they're holding. I'm not new to investing but relatively new to ihub. I've been here a couple years just never posted until recently. I've gotten a couple pm's that said it goes against ihub ettiquet to talk about either. Just curious as to why. Personally I like knowing how many shares people are holding (if they're truthful) because it shows how committed they are to a stock, and as far as your entry point who cares if you say what price you got in at....I'm holding 98.3 million shares at .0011 avg. So I'm in the green. I have no problems talking about my wins and losses. I think it makes it more entertaining. To each their own though I guess. Anyway good luck to all...COHO
Agreed....we found the goose that lays the golden eggs....COHO