Long Time Investor moving into pennies
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Thanks for sharing, keep writing, everyone needs to understand the details instead of just hype, that builds long term holders. I have purchased more at .01 so I am going to try patience on this one.
Still wonder who they were in contact with before BK. In small size companies medical industry there are alot of partnerships because it is difficult for one company to do everything all the way through commercial manufacturing.
Good morning Advisor, what do you know about their progress with this technology in Israel or Australia? It appears there was some history there.
Hi ProAdvisor, thanks for your insights, can you help me understand why there was not a major medical partner/sponsor for this company when the patents appear to be great and life changing. Another question may be has there been any advancements with this technology in Israel or Australia? Are there any potential partners/medical companies in Israel or Australia that were interested before the BK that are now ready to get back after these treatments? Thanks for any feedback
I am thinking the 0.01 should hold so time to add to my position. Like you, waiting for all the updates and adding when my other plays free up $. This should be a new base to minimize any risk.Been a great January
Looking at this scenario of alot of selling the past two weeks to keep this down my opinion would be when the news hits this will blow through the previous .006 high very quickly. There will be little resistance in the short term for 100% gain.
Depending on how good the news is will determine if there is a pull back when it hits 1 penny. Would like to see a new base at .01 in February.
Do you ever wonder why filings at a company that is not doing anything take so long? Is it because they dont have a full time employee or the company is really run & owned by someone else like qest? Since Qest has the largest stake in this company shouldnt they be more aggressive in producing financials and doing deals? Or are they stalling because they do not have a deal to finalize yet? You would think qest would be working 7/24 to get this current so makes you wonder if they can do this? How many years have they been involved?
Where do you receive info on your prediction of upcoming news? Do you know someone that works at this small company? They have had this technology for a long time so why hasn't it been incorporated into more than their own golf cart? It sounds like a great idea but little tech info is being shared to show public it is going mainstream. This looks like a typical small operation that will continue to work on their idea until someone Else comes along and commercialize it as the original owner/engineer usually do not know how to do that. I am buying some shares but will wait for a bigger purchase until they find a person who can drive this. Unless TooYoungToDie can reveal a source for me to contact? Thanks
You may need to do more research on GTLL unless you are a pumper, then you are all good. Staying with Puge and their coming announcements, at least they will have some revenues with the health care clinics, does gtll have any revenue?
Yes, that was another item I would think they would do based on their PR strategy of let the news trickle out, there will be more news. The assumption here is now they have their act together so they can start releasing info on activity. Also Qest knows they cannot let this stock sink so it is in their best interests to keep presenting positive news from this day forward to keep stock price up. Easier to do deals when you have capital in the form of a valued stock.
Wednesday was the news, trying to complete two acquisitions/mergers with companies they know. One is with health clinics (plural meaning multiple locations) and another company who has new technology for the solar industry. Solar is making alot of strides and becoming cheaper everyday. Biiden will expand solar credits/payments so that business will get a good influx of interest and capital. Both appear to be good long term plays, clinics should have revenue, solar tech probably needs to get incorporated into the panel manufactures before big growth. Mfg are always looking for new tech, they never build inventory on old styles as they know new tech is coming. Overall it is positive and probably the reason why "traders" didnt hype this up too much this week.
Decided to keep this this instead of trade it. Hopefully this keeps doing these small moves up instead of large moves that encourages outside traders to mess with it. I expect with the release of financials and other positive news in the near future will provide minimal risk. Not much they could say that will hurt this.
Yes, low risk this week with support at 4. Bot more after lunch, it took a while to take my ask but they went there, interesting to watch this stock trade on chart with selling into this move higher
bunch of scientists running company, not PR people or investment bankers, so the stock price and shareholders are not managed well because the investment bankers will provide self servicing advice to the scientist
Penny, if they know they have something, which they do, then they should bank finance and pay off when the revenue shows up. When you issue/give away more shares, that ultimately hurts shareholders from making alot of $ from their investment. in long run, if successful, 3 bil OS is not bad for a medical company, but RLF does not have numerous drugs like others. Since they are swiss company I am not sure they care about US shareholders as we are along for the ride. Knowing this I do not think they would bother with R/S on US shares. they just let them ride so this would be a slow long term play here
The issue over past year is the dilution in outstanding shares, went over 3.2 bil. they gave away the company and did not protect the shareholders. Currently a $1.3 bil capitalization with no revenue so how good is that, sucks. Need to get results from their trails into the public. hard to believe this will go over $1 which is over $3bil cap until they get a revenue contract or deal with bigger company. For long term they can take their aviptadil into many areas to grow company as it is a great drug, however how much will they dilute this before that happens.
My opinion is, Good investment at this stock price, but watch for dilution
This will run before next Friday, so everyone will need a trading strategy going into the News Announcements, like Chart said, should easily hit .007, my prediction is this will happen before News just on the Buy volume and anticipation. Then a short pull back into the News, Anyone's guess how much hype this will have after the News to continue a run after hitting .01 which will be approximately a $28 mil cap with 2.8 bil outstanding
Purchased more this AM to support this. Nice position now for next two weeks. Really do not see this floating down much with the build up for the news. Start looking for other outlets for leaks as companies like this have a hard time keeping a secret.
Like the trading the past couple days since the run up, if this holds above 2 and we get news in the next two weeks, this will have a new bottom to feed off so less risk. The news and not much volume should take this above the previous highs, watch the volume.
DPS, thank you for your reply, I appreciate it, trying to learn and do my DD. Yes, sorry, mis-quoted the AS and OS. Good luck in the New Year
Termite, Help me out, why a scam?
No Sales? No Product? Whats Up? Need More, Thanks
Hi DPS, this is the 8K on 12/14 where they increased the Authorized Shares to 20 bil. Wondering why if they are buying shares. Would be great if there are investments or acquisitions in the plans. Just wondering why? Thought you may know.
I understand the difference between AS & OS
https://www.otcmarkets.com/filing/html?id=14559142&guid=LEjqUpZDTYLxDyh
DPS, I made money on Tesoro, just sold too soon, may buy back again as it is the OTC penny land, they still do not have any sales.
As mentioned, own shares of Brew, buying on my knowledge, bot mostly because they are buying back shares, not trying to buy on hype, so asking for more insight on where sales are coming from if most restaurants are operating at 50% or not open.
How did Qest keep their debt with this company, should have been wiped out, need to get rid of the "consultant".
Good time to purchase more if this comes down a little, build up for next week.
DPS, I own some shares, small position, in the money and would like to buy more, but I am looking for reasons, not trying to bash, just want to learn what else to look at? It also puzzled me why they are buying back shares and then doubling the authorized number of shares to 20 bil. Why?
Millions in profits? They sold $1mil and had over $900k in costs for a 10% est net return, net return will go up with more sales however there will be more costs, so where did you say your "profits" are coming from? Even at $10mil in sales, using their cost numbers, they might be able to take in $2mil net, but as companies do at the end of the year they will spend money to purchase items they have been putting off & lower taxable amount. Accounting
Agree, the company should take over the promotion after their financial filings are current, then they will need to keep investors better informed, that will take this higher. They also need higher price to generate cash for the trials. Better stock price will equate to less need to sell shares for the trials. Actually surprised this has stayed this low for so long, buying little more now because of the risk is .005 and upside is very nice
Is this correct per their filings & News, $1mil in sales for 9mo, $4 mil in consulting fees, $80k cash, $54k in receivables, $800k in payables, As I see the result is alot of debt/payables to pay off. Is this why they are increasing the outstanding shares from 10 to 20 bil? That would indicate more dilution is coming, correct? Using shares to pay bills is OK with me however the $1mil is sales is a problem. Postponed sales are not sales, only hype, as many restaurants are going out of bus, the ones that do recover are going to need 6mo to a year to get back to zero. So what am I missing? Or is this all an opinion based on the filings I see for Nov-Dec?
Agree, will hit 0.01 next week with the website/announcement of the game plan, probably their acquisition/reverse merger partner. That will determine if it goes higher or consolidates at 25-30mil market cap.
I thought I read they were at 2.8 bil shares outstanding?
First the financials will be updated, then a PR campaign to increase stock price, then yr end financials in Feb so they can do a stock sale to raise funds for trial, will not raise funds at .01, will do above .10, this is an ok time for accumulation, still will be 10X money
Dilution and Dump is on. Company does a bad money deal, they pumped up SP then forgot current shareholders, dilutes the shares, offers warrants which will be executed quickly for more dilution. These shares & warrants will be flipped quickly. Then chinese company will take any info to china to begin making the same products which will be back here competing with ayro in six months. Mgmt blew it. Predicting this will be back to $100 mil cap / $4 stock until mgmt thinks long term and works for the company & shareholders instead of lining their own pockets as well as the brokers who did the deal.
What happened to the quarterly and year end report? Monday morning? I find it hard to believe that they did not release this week because they were afraid the overall markets may affect their news, ha. My assumption is they will come out with a DC sales pitch announcement before the financials so everyone does not get bummed about the Q4 financials.
Have to wonder if the management gave themselves a bonus with the purchase of shares before coming out with good news. An ethical management team would announce good news when they have it, with the goal of moving the stock price up. but that is the history of this ceo and cfo, all about their pockets
I bot some of this as it looks under valued, the casino will be down the next month or two but the aviation is growing and as a whole they are making money, there is cash flow and earnings should have this over a dollar, Am I Wrong? Maybe the market needs to settle down before this goes up to where it should be Valued?
Who is selling 1,000 shares = $10 to keep the stock price showing the Bid .01, and have the stock close at this price? Who benefits? Maybe someone want new options issued at the lower price of 0.01 instead of the Ask at 0.02?
With so few shares traded in this stock I wonder who will be buying this stock if they do come out with a good or great quarterly report? Anything positive should move this stock price considerably higher if there is some volume, but where will that come from knowing how great the PR dept is and how trusted the CEO and CFO are on their forecasts.
Thanks Jimmer,
Assuming Ocean lined up a finance company in Jan, due diligence in Feb, Documents in March so no announcement until mid to end of March. Since the financials need to be finished by now for Ocean and the due diligence, why are they waiting to tell their shareholders?
Hi Steve, please help me understand why a president of a company who is siphoning off $90,000 a month from his cash strapped company would sell some options to pocket $1,114? Wouldn't someone who believes their company is going to the moon would want to keep those 74,000 shares because in 4 weeks they should be worth $5,000 or maybe even $10,000? Or does he think they are going to miss another sales forecast and the stock price is not going up?
I appreciate your help on this.
Sour grapes here, last year, maybe it was 2nd Q, they said did not make their sales forecast because they did not have the cash to process orders and get them shipped. I would take that as a Need Cash to process orders. I would also take that as their customers are asking them to finance production, as well as probably do not pay promptly in 30 days. The result of these situations is usually you give up money to get paid quicker, which lowers margin. My understanding is their competition is not as good, so hopefully the over paid CEO will use their position in the marketplace to secure down payments and aggressive terms from customers (but doubt that will happen) So as mentioned the Amount of the Debt Deal is important to know how long they can cash flow the business. So we wait for a non existent PR department to inform its shareholders
Sorry, just answering the question of why, with all the seemingly good, positive news for Spectra7, that the stock price is 0.02. I am a long time shareholder who has a higher average price, believes the company has good technology and has great relationships with high profile companies. However, the management blew it and it needs to be noted so more people can proceed with caution on this stock. It is 2 cents because when it comes to managing money and selling parts they have not delivered. the CEO has shown he does not care about shareholder value.
I hope this goes through the roof, $10 stock price, but until some hard information comes out on the financing and real sales numbers someone should only invest what they can lose on this one
I do appreciate all your informative post, sorry to bring the sour lemons to the party,
Steve, be honest, has management been saying for 3 years now they are going to sell millions? 2018 was going to be great,then 2019 was going to be the kick off year, now we hear it will be 2020, and we should really throw in that 2021 is going to knock our socks off with sales. Has management hit any sales forecast in the past 3 years?
Spending, Should a small company under $5mil in sales be paying their CEO over a million dollars salary? Should a company this size, who raises $7-8 million in a private placement be ready for another round of money within six months? How many PP have they done now? They spend like crazy, with no thought to conserve money until real revenue comes in.
The CEO does not care because he can ask for another set of stock options from the board to re-inflate his stock position in the company.
The reason why this stock is so low is the CEO and CFO have not shown themselves to hit any sales forecasts or spend money responsibly, so at some point the money is going to dry up.
Recommend you wait for some hard info on the Financing And then Hard information on REAL sales (instead of design wins which generate no revenue), OR you can place your bet, hope and pray that molex and the rest actually sell copper instead of something else.
Steve, am I wrong? I wish I was
As I see it the main reason why the share price is low is management, specifically the CEO and CFO. The board should fire them as soon as the financing is in place. First the CEO and CFO would miss sales forecasts, but that did not stop them from continuing to spending money like high school kids. then they would go on their hype machine again to milk the marketplace of millions of dollars in private placements, thus diluting the stock, only to do it all over again. Raise money, spend money, miss forecasts, Repeat. After a while the marketplace gets tired and says no more, the result is a dropping stock price. So Now the marketplace looks and sees no stop in spending, no uptick in sales (still lots of sales forecasts) and they know that this leads to bankruptcy. It is very surprising that the debt holders did not foreclose on this company and then take it private, they really missed an opportunity there. Now they seem to have a company that will come in and replace their debt to buy them more time.
The new questions will be how much more money can they get, remember they need to pay off alot of old debt, and then how long will that extra money last with the spending machine still turned on.
I would predict that the buyout will happen sooner and at a lower price than the $1.25 mentioned because the CEO and CFO will mess it up. They need to go.
That is my opinion on why the stock price is so low and still could go BK.