Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Oops. Went the wrong way. Shocking
Rocking the penny today!
Told ya!
Smart move. Todays close, high until doors close.
Clearly strong fundamentals
Looks like free fall soon. They lost support to not hit 1. June looks like a bad month for CONVECTIUM
Good post
The new machines have been out since December. Their reputation is so tarnished, people aren’t buying them. How many customers need to fill 100 cartridges in 30 seconds? Answer that question then you’ll realize why this company is tanking.
Nope, people knows it’s a dog and you’re watching it die. It’ll going to drop a lot more in June
I’ve only posted the truth. Not fired nor disgruntled. I just want the truth out there.
Nothing I posted was a lie. Danny was dishonest, The current team is as well. They spent months creating financial records for the three years before 2018 so they could go public. I’m not saying they cooked the books, but they were very creative. Their QA/QC process is broken and they haven’t fixed it yet. Their returns and substantial, especially their carts. That’s why hey lost Candecent, MariMed and many other key accounts.
The management team can’t lead and nothing has changed or improved with Mark at the helm.
One last parting comment, the CEO can fire the Chairman if he stacks the board. Mark raised the working capital for Convectium and he was able to stack the board accordingly.
Lindsay is a nice sales person. I suggest you call Mark or the CFO for real information
Sing didn’t take over, they simply have a minority stake
Relax, don’t get so worked up. Why are you trying to make us think Convectium is in such great shape, when many of us know first hand that it’s not? You’re either on Convectiums management team or a hired shrill.
You keep saying the same things over and over and none of them are true.
Website maintenance and server maintenance are two completely different things. To update their website is a simple thing. To not update immediately is a sign that Marks eye is not on the ball. Little things are slipping and large things are too. According to employees who are there every day, he not engaged with running the business. When he is in the office, he’s either hungover or still drunk from drinking at bars all night. He also is severely disheveled to the point of forgetting to wear shoes.
I don’t have to more research than to understand the players and know the employees.
Some people never learnt readin’ and comphrenshun so good. So I’ll tell you, the filling machines fail over 70% of the time; that’s bad. The cartridges fail about 80% of the time; that’s real bad.
They’ve experienced QA problems for as long as Convectium has been a company. That’s bad. Mark was supposed to fix the problem. Mark burned through millions of investor dollars to resolve the Quality issues. He didn’t so he and his team failed.
He lost a lot of key customers. Well, all of them. He decided to no longer make cartridges, optimized for their filling machines. So now they’ll sell filling machines and try to make them compatible with competitors cartridges. Not sure how they will configure the machines, and neither does Mark.
So the Machines and cartridges are directly related. Because Mark and his team didn’t figure out how to make cartridges optimized for the filling machine work, Convectium’s business model fails, as does the company.
The secret sauce was to sell millions of cartridges to be successful. The filling and capping machines only work, if the cartridges work.
They’re not making any money, they’re steeped in red.
They only lease office space. Period.
They outsource design and manufacturing of their filling and capping machines.
They used to outsource manufacturing of their cartridges until they realized they couldn’t manufacture a cartridge that didn’t leak. They now purchase their cartridges from a supplier.
They don’t design anything, they build nothing, and they only lease office space.
They are very good at lying, and excel at losing millions of dollars of investor funds.
The management team has accomplished nothing and has done nothing but prove what losers they are. Danny was bad, but at least he had a vision.
Almost all is NOT all. Calm down, I received this information from several employees of Convectium. Details include defective motherboards that take months to replace/repair. Customers demanding replacements and flying engineers across the country to setup the new machines. Crating and shipping machines back to Convectium. Their office is full of returned machines and cases of defective cartridges they can’t sell.
Again, this information is directly from employees and contractors who work for Convectium. Go to their website and look at current employees. Danny is still listed. He was fired a month ago. You can then quickly judge for yourself how well this company is managed. I just checked, he’s still on there.
If they can’t update a simple website, can you trust what they report in their 10Q?
That's why almost every filling machine sold the past 12 months failed. That's why their cartridges still leak and they decided to NOT sell their own cartridges. That's why Candecent, their multi million dollar account cancelled all of their orders.
Yeah, awesome planning and execution.
How is he a loser? He started this company with his personal savings from his garage. Investors begged him to let them become a part of his company. Mark Adams weaseled his way into leadership then pushed Danny to the side.
Frankly Danny may not have been great during the transition to reverse IPO, but Adams has been worse. This company is terrible and Adams is the bigger loser destroying it.
Because they don't update it? They still list Danny Davis on their website. Probably can't afford to keep it maintained
I agree. The concerns I have for this company moving forward are:
Lack of vision. By firing the founder Danny, they lost their creative and cheerleading capabilities
They are far from being cash flow positive and may run out of cash before they get there.
Their main product was cartridges. They are now out of that business and are relying on filling machines and capping machines. The profit is in selling many low margin cartridges.
They have less than $500k with a burn rate in excess of $1.4M?
They are laying off staff and placing sales people on commission only plans.
The management team is terrible. They have no vision, they don’t understand the market, and the behavior the management team is displaying is discouraging.
They haven’t delivered. They lost their largest customers. Employees are afraid of their customers and have no faith in the management team.
The founder had a great idea, but the execution has been dismal
Research is studying multiple sources of information then determining the correct course of action. Using the publication of Cons 10Q is like watching Fox News to determine who should be the next president
That's not research, that's reading what Con wrote. Read between the lines, revenues are down, losing key customers, and bleeding capital.
Sounds like a company insider publishing the 10k in the message board. I don't trust your comments
They made a decision to stop selling cartridges and pens; so they only sell filling machines and capping machines. How will their consumable numbers increase if they no longer sell consumables?
Their cartridges and pens we're not reliable. They leaked, custom orders weren't filled, so they continued to lose the large customers they needed to build their business.
That's easy. Buy any of their employees lunch, pay for a few beers and they talk and complain like crazy. They have no loyal employees, they are collecting checks for as long as possible then they're all bailing. Where else can you vape all day in the open at work?
They are a mess. When Mark does go to work, he's so hung over he forgets to wear shoes. The CFO still hasn't figured out how to determine their break even point, thus out of cash. They never figured out how to manufacture a product on time, according to customer specs, and was reliable. They lost all of their major accounts. I hate to see them fail, but they're done.
Unfortunately I'm very serious. They had a good model, but couldn't deliver. I think we're seeing the beginning of the end
So, 10Q states they're out of cash. Cutting staff, and stopped manufacturing cartridges. Sounds like bk is around the corner. Can't sell enough filling machines and capping machines to stay in business long.
That's why. All I know is they've made a lot of commitments and failed on delivery Everytime. They always have a nice website, but can't deliver
I was surprised too. I thought their products would be awesome given how expensive their machines and cartridges were. They had to replace our first filling machine, then they had to replace the motherboard. The needle adjustments were a hassle. I would have thought that their cartridges would have been a perfect fit. Instead they were leaky, a lot of issues with cotton absorbing my oils, and not filling correctly but
Ispoke with people at a few trade shows and I found a lot of people were very dissatisfied with the lack of quality of their products, the terrible response times, and the lack of dedication to resolve issues.
I think they've been in business for 5 years, so they aren't too new?
Nope it's Jacksam. You obviously haven't dealt with this company. I was planning my future opps on their equipment and cartridges, turned out to be a major fail. They have terrible products and their support is the worst I've ever experienced. They promised to resolve issues, that better products are around the corner. No, they deliver late, and the new stuff is worse than the old. I'm surprised they are still in business
What a terrible stock. Do they have a road map to cash flow positive? They call themselves a tech company? They have no tech, they design crappy cartridges that fail 80% of the time. Disaster