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I remember taking a rash of crap on what we tried telling them and how thourough thier research was. Oh, and how Mark can now lead them to unheard of wealth. The bad news is that they aren't even to the end of the quarter yet. At this point Q2 numbers won't really mean much. Zero is still zero. Ah, what do I know? I do feel sorry for anyone that hung in to this point. There will be other deals.
Good luck to you. Worst case you only lose another $1.10
Take care.
I expected no less. Just curious, given there is almost no volume in the shares and you are a devote bull, are you adding to your holdings my moving large blocks in private sales?
The new machines were announced in December but I haven't seen any with the oil producers yet. Before everyone gets their panties bunched up, I'm not speculating. I work with a number of Cannabis companies that use solvent extraction processes to produce oil. Most of them also fill, cap, and label.
I'm just putting competing technologies into perspective. I don't sell anything to do with filling and capping; only solvent extraction processes.
When you roll in the E-Cigarette players there a number of companies that need high capacity machines. Same oil viscosities, same operating temperatures. Technologies from that industry segment are starting to dominate the Cannabis oil products business. Filling goes beyond just vape pens, they also have to fill, cap, and label micro-vialed products.
These machines fill, cap, and label, using a single machine at a rate of 50 per minute but they do so on a continuous basis versus batch processing. They also cost less. CONV, by design, are batch processing machines.
The CONV talks about 100 units per minute, and technically that's true, but since they are batched it's a bit misleading. You'd also have to factor the time it takes to transition to their capping machine which is also batched. Don't assume that buyers don't understand.
Before you decide to jump all over me again, please understand that I honestly don't care. You can do what you want with the information, ignore it, or call it a lie. It's all the same to me. For those of you that do actual research, I hope this is informative.
I warned you.
It should be obvious but no matter how accurate you are, and you’ve nailed it, no one on here wants facts that ruin the story they so desperately want to believe . Rather than considering what you say, you’ll be labeled a liar, or a disgruntled employee, or be told you can’t read financials. You’ll also be lectured on how the world of high finance actually works. It’s sad but very entertaining. I’m looking forward to the spin when this quarter’s results aren’t consistent with what they want to believe.
You’ve completely missed the point but it’s ok. Go with what works for you.
Lo leased plants either. No plant employees, no PP&E. Two vendors that supply the machines. They talk about dedicated plants. Sounds like they plants but it’s just a smoke and mirrors answer. Agree with the next guy. That’s ok if the parts look good. There in lies the problem.
I’m trying very hard to not volunteer my thoughts on this company. But I would urge you to dig deeper on some of your conclusions. Contrary to what the website might lead you to believe, the company doesn’t own a single plant anywhere, not in the States and not in China. Yes, I know what the website says. I also know for fact that their machines are manufactured for them by third party suppliers. There is absolutely nothing wrong with that. But there are no plants owned by this company. That’s why the balance sheet doesn’t show any plant related assets.
I give up. Good luck to all.
“If I know so much”? Does it bother you that someone might know something you don’t want to hear or do you know I’m wrong? I don’t care either way, I’m just curious.
Sounds like a great question for one of their sales people. Please let us know what you find out.
While you were doing in-depth website research, to prove me wrong, did it concern you that there was no mention, anywhere on their news page, or any other part, that they canned the founder and largest shareholder? You'd think that management might have thought it was material enough to inform its shareholders of material news. I’m sure they just forgot. Yes, I know, you can find it elsewhere on line.
Here’s the number: 800-605-3580
I appreciate your feedback. For you’re sake I honestly hope my read this all wrong.
You can thank me later. Have a nice day.
Let's be clear on this. I'm not the least bit concerned with people disagreeing with my comments or agreeing with them. I only put them out there because this is supposed to be an investment board and what I've said are things people MIGHT want to consider. I'm not promoting one way or the other.
Playing the tables in Vegas is a crap shoot. Investing in companies, at least in my way of thinking, should be more than that. To each his own.
Companies close their doors because of faulty plans or poor execution. The lack of cash is a symptom of a bigger problem, it's not the reason for failure. It's what put you in this position that a company needs to fix. Same with spread, volume, etc. Those are symptoms of the same issue.
What is better for investors, always, and it's why the SEC exists, is to be open, honest and transparent. I predict the end of this quarter will show results that are in line with my observations. For everyone that's long, I hope I'm wrong but I have nothing to gain or lose on this. No reason to try and convince me of anything. You can consider what I say or ignore it. I'm good either way.
The question now should be would you buy this stock today, sell, or pass? We all get to make that decision on any holdings every day. No different here. The past, no matter where you might have gotten in, is irrelevant for all but tax reasons.
You are correct. Time will tell. I'd suggest this though, calling the company to see if anyone pics up might put your mind at ease or it might not.
Perhaps talking with an employee or a customer could do the same. The other guy already declared that I'm clueless. Let's just leave it at that.
Good luck.
Though your points are spot on, I've learned the hard way that there a people on this board that would rather not believe the facts and just want to stick with a version of the story they like. Let's not let the facts ruin a good story.
You win. Enjoy our weekend.
This thread is surreal. Have you ever wondered why real companies, that are traded on real exchanges, have analysts following them? Do you honestly believe that real investors, funds, and institutional investors simply rely on a company’s financials to make decisions to buy or sell?
You’d be OK if a company committed fraud to whipped up an imaginary prospectus to raise money? Would a company’s large investors be OK with getting diluted based on something imaginary in hopes that the greater fool theory is alive and well and hope that some moron will come along and buy it?
Do you need a conspiracy theory to discount what someone says about a company if what they say isn’t what you want to hear? Are the only comments on this board intended to drive share price in either direction? Perhaps some of these comments are intended to be constructive.
I have no skin in this game. I have no reason to pump or discount this company. I know enough to understand that things are a total mess and there are no meaningful steps being taken to fix things. I suspect that’s because they are already too far gone.
For your sake, I hope I’m dead wrong.
I’ve always wondered about the market in pinks. You’re going to bet on low floats and ignore the fundamentals? Have you wondered why the float is so low? I can go on, but you’ll dream up reasons why I must be lying or that I’m way off the mark for no other reason that you don’t want to hear anything negative. Do I honestly sound like someone that has never bought or sold stocks?
Does BS news actual provide value? This is rich.
I’m sure the world will change in the second quarter. I’ll stay tuned.
Sorry to burst your bubble. I have never worked for this company or bought their products. I'd advise you to stick to the fundamentals.
Take care.
Sounds like you have it all figured out. Only a few gaps you might want to look into:
Are they are making money on anything, machines or pens? Not revenues, income.
Do they have real IP?
Do you understand the difference is between Convectium's machine and the FT-F003 Machine that sells for $6,400.
Does Convectium's IP pre-dates this machine?
Do you know who is building Convectiums machines?
Do they have a single repeat customer?
Call the office. Does anyone pics up?
Did it occur to you that their trading volume is so low that it's virtually impossible to move a block of shares without the price going to zero? The investors are stuck.
Have you looked at the buy/sell spread?
Do you know they spent real capital to develop their machines?
What management is doing to fix the problem and grow the company?
Let me know if you see these guys attend another trade show.
Have you talked to any of the employees?
Are you adding to your position?cOr are you waiting for the updated numbers to come out in about 6 weeks?
I'm no longer long so I have nothing to gain or lose. Just being real.
For your sake, I hope you are right. I only recommend caution. Do your homework and draw your own conclusions. You'll know so much more at the end of the 2nd quarter.
I'm out. good luck.
I wish you the best of luck with this. If they make it to the end of the quarter you might want to revisit the numbers.
They didn't put up new management. The CEO and CFO have been there from the start. They ousted the founder. Not sure what happened there but this is the same management that got them into this mess.
Check out their product sales numbers. I can't draw the conclusion that there a lot of their machines out there. It's often what you don't see that tells the story. You can't tell how much of their sales were pens vs machines. Even if you make the assumption that their technology was decent, any reasonable assumptions you make on the revenue split would cast doubt that there are a lot of their machines out there. Permeated the market it a stretch at best.
Do your homework. Float, etc, doesn't mean a thing if the fundamentals don't exist. Even if you assume their product is good, the management team doesn't seem to be able to deliver.
I'll look at this again once see that the board has acquired a management team. How do you attract someone into this mess when you have a cluster on your hands and no money to hire solid talent?
Without management, no matter how good the technology might be, investment funds will go with the other hundreds of options in the sector.
It's really too bad. There are investment funds out there that are interested in their concept but they'd never touch this management group. I heard they brought in a consultant to look at things a few weeks ago but he never came back. Try calling the office and see if anyone picks up. The only way this gets pulled out of the abyss is for the board act as a board, find new management, and raise new money. I don't see that happening.
He’s right. This game is over. It’s been over for a few months. Mark is clueless and spent very little time at the office. Same thing with the CFO. They just missed payroll and have no idea how to fix it. The board seems to be asleep at the wheel and no legitimate investors will touch these guys.