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all the Talking heads will be blathering on about unLucky Coffee
all day.
I have standing gamble order in under .50 purely an OTCBB crapshoot.
Many shorts to cover so we shall see
This is Not investing and I don't give advice because
I don't know shit.
Probably today
came off the low hot now it's dead
maybe some just didn't get the news I'm out 2.12
short squeeze is on time for some to close shop on LK
Institutions can't hold delisted penny stocks washout
back to 1.33 or sub dollar?
Retail investors still buying we shall see.
oh hey look there are 4 of us here
McEwen Mining Closes the Refinancing of Its $50 Million Debt
GlobeNewswire GlobeNewswire•June 25, 2020
TORONTO, June 25, 2020 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (MUX.TO) (MUX.TO) (“McEwen” or the “Company”) is pleased to announce that it has successfully refinanced its $50 million senior secured term loan facility (the “Term Loan”). As part of the refinancing, Sprott Private Resource Lending II (Collector), LP has replaced Royal Capital Management Corp. as a lender and the administrative agent for the Term Loan; and Evanachan Limited, a corporation wholly-owned by Rob McEwen, remains a lender (collectively the “Lenders”). The principal amount of the loan remains $50 million.
As part of the amendments, the maturity date of the Term Loan has been extended by two years to August 31, 2023. In consideration for the extension of the Term Loan and other amendments, the Lenders were paid one-time bonus interest of 3.75% of the principal amount of the Term Loan in the form of restricted shares of the Company. A total of 2,091,700 common shares were issued to the Lenders pro rata in connection with the refinancing.
The principal amount of the Term Loan will continue to bear interest at 9.75%, payable monthly. Principal payments of $2 million per month are now scheduled to begin two years later on August 31, 2022, and the final principal payment is due on August 31, 2023. The Term Loan can be retired in full or in part any time prior to December 31, 2021 upon payment of the principal and accrued interest plus a fee linked to the remaining life of the Term Loan, and after December 31, 2021 upon the payment of the remaining principal and accrued interest plus a fee equal to 3% of the remaining principal.
OMQS is gaining traction. Like to see San Mateo project spring
into other municipalities / Safe Cities global market
Multi year contracts roll straight to the bottom line after year 1
initial install cost.
Company needs to bring some real money players in and uplist
OMNIQ Corp. Receives Orders Totaling $5.5M From Leading U.S. Supermarket Chain for Real-Time Data Collection and Analysis As Part of Technology Enhancement
GlobeNewswire GlobeNewswire•June 25, 2020
OMNIQ’s solution to be integrated with the corporate operations and logistics system
Enabling real-time data collection, processing and analysis
SALT LAKE CITY, June 25, 2020 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced that it has received purchase orders during the month of June with a total value of approximately $5.5 million from one of the largest U.S. supermarket chains. The orders are for the supply of mobile data collection, computing and communications equipment.
OMNIQ is providing a suite of solutions that enable a more “contactless” approach to the customer’s retail and logistics operations. The hardware OMNIQ is providing, which includes rugged handheld mobile computers and barcode printers, is designed to enhance the productivity of the retail workforce by providing the ability to collect and track data using integrated features through handheld devices, with the fastest and most dependable wireless connection inside and outside four walls. The industrial-designed device improves efficiencies by enabling quick and accurate control of data collection, processing, shipping/receiving and inventory management.
Shai Lustgarten, President and CEO of OMNIQ, stated, "We have consistently demonstrated our value as a source of new technologies and hardware that enable our customers to operate at the highest levels of safety and efficiency. We’re pleased to continue to build upon our partnership with this valued customer, one of the largest retail corporations in the U.S., as they significantly upgrade and improve the efficiency of their operations. Our solutions embody next generation enterprise technology that’s as easy to use as a smartphone, with the durability to perform well in warehouses and other industrial settings, while driving employee productivity and keeping data secure.
“If we’ve learned anything from the COVID-19 virus, it’s the importance of hands-free, automated solutions to protect employees as well as end customers. Particularly in the retail grocery industry, the less hand-to-hand transfer of items such as produce from warehouse to point of sale, the safer everyone in the supply chain will be, and our products and solutions heighten the capability of ‘touch free’ supply chain management. We look forward to working with existing and new customers as they rethink their logistics and supply chain operations with an eye to more ‘contactless’ interactions. We believe our proprietary AI-based solutions are well positioned to contribute significant value to the Supply Chain as well as to the Smart City, Public Safety and Traffic Control verticals as logistics and supply chain operations continue to evolve to a more touchless approach.”
About OMNIQ Corp.
OMNIQ Corp. (OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The technology and services provided by the Company help clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023.
as trading range narrows gamblers own
larger % of the float.
Boom or bust not much in between when news hits.
Don't play with money you can't afford to lose.
JMO
Interesting read about swap lines and nationalization
which has been a concern for me in and mining holdings.
https://finance.yahoo.com/news/war-gold-begun-230000396.html
Production must be horrible. Like I said 2,000 Gold
we might hold a buck.
Truly pathetic
Might see my 2.40 target today
Volatility creates opportunity
Picked few up. Count down window closing.
2 0r 20 it's a gamble don't play with money you can't afford to lose.
Order in at 2.40
They need to add FLIR to Safe Schools solution
this would read temperature before entry.
Schools have always been a germ factory
University of Kansas Medical Center to Deploy OMNIQ’s Artificial Intelligence – Cloud Based Access Control Parking and Security System
https://finance.yahoo.com/news/university-kansas-medical-center-deploy-123010556.html
Raised $358,000,000 raised
Restrictions come off
Indeed was upside down on LK 45K averaged down at 2.40 set my
sell at 6.59 made a profit and dodged a massive bullet.
Got caught building a position it happens.
Now it's just a trade until it's not, looking to retrace back to $2.40
closer delisting gets more likely to get the dip.
JMO of course
Time to fill the gap
Wild week here in Chinese coffee land
Canadian operations should be excelerated
over Gold Bar much better return on currency exchange
and production cost
Given all that is going on in this country
have to believe Safe Cities initiatives will boom!
Technically good retrace taking out stop losses to
the 50 day- ouch
Oh no I'm good sold July 50's at 74 bought at 23
bought Oct. 50's back at 62 .
Rob has let this ship drift hopefully new Gold corp
employee can right this ships production.
Sold June 50 calls into spike rolled out to Oct.
Decay will eat you up if you don't trade or buy
far out of the $
Doesn't matter what the price of Gold is if you can't
get it out of the ground.
Looking to buy for .95 cup of coffee
Institutions can't hold
delisted penny stocks
they will short as far down as possible
to recover some lost $$$ while liquidating
Very Good news need a "partner" from that neighborhood
National Security issue: We must bring back production to US. Chinese
hold too many cards if we do not.
This going much higher IMO
Offering priced at $76 way above Fri. close
Going to $100 very soon my guess
Likely continued production issues that
shorts are aware of or they would be covering.
JM guess
Maybe Gold can get to $2000
the SP can hold a fricken Buck!
Should have dumped this stock the day Roth came on board
I've yet to see anything they touch work out.
Maybe someone will buy us out at put it out of it's misery.
Be interesting to see if 50 day holds at .86
This company is a leaky ship and we are last to know.
59.75 next stop my guess