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I can't understand it, although I know at this pps, TOMZ is very undervalued.
Welcome, and congratulations. It is definitely undervalued, and I believe it will be moving up again soon.
GLTU! TOMZ
You're right mick, this is good news! TPT can test and administer vaccines from the QuickLab. Win-win!!!
GLTA! TPTW
At one time I didn't think we'd get the full value out of a buyout. But now I would welcome it in a heartbeat!
It seems that this is being held down at times by someone putting up a wall, however just like today those walls will fall eventually. During these slower days without news, slapping the ask will help keep the pps from dropping further. There are a few here that do it, and everyone benefits.
Exactly, I don't get it. I'm hoping that one day others will see the potential here, but it seems like it's a secret unfortunately.
I'm not sure what you're trying to say. What is actually going on?
It is thinner, thanks mostly to one large volume buyer today, and a few others buying on the ask. We definitely could use a PR soon with some good news.
If you buy on the ask it will continue to rise. If you bid sit, the pps will come down, given everything else staying the same. People trying to save a few ticks is why the pps drops so much week after week that we don't get news.
Nice job to whoever took down the wall.
I still have faith that the true value of this stock will be realized eventually, although this is hard to watch on a daily basis.
Nice news, but unfortunately followed by plenty of selling and a lower pps so far. What will it take to get TOMZ up to it's true potential?
CDEL playing some games this morning, selling multiple 19000 blocks for 37 when slapped at 38.
It's the Miami Heat logo.
There is a demand for it, whether some people can see it or not.
GLTU! TPTW
I posted last week that my wife's boss was flying internationally from San Fran, and needed to provide proof of a negative Covid test. She searched for a long time before finding a testing location that could provide 24 hour results for a PCR test, and charged $365 out of pocket. $130 is a steal for international travelers that can get testing results within 15-30 minutes.
GLTA! TPTW
Ticketmaster has said it is looking into having audience members at concerts show proof of a negative Covid test, or possibly the vaccine. It would not be necessary for a QuickLab to test or administer the vaccine to everyone, just the ones that need it because they haven't done it elsewhere. It could be very lucrative.
https://www.today.com/tmrw/ticketmaster-asking-future-concertgoers-covid-19-test-results-or-vaccine-t198908
GLTA! TPTW
You are spot on here WM. They need to recognize that they can't do everything, and let the people who are specialized take over those jobs...PR, IR, sales, etc. This company has the potential to do so much better, and I'm hoping that this is a wakeup call to make that happen. Unfortunately, I've said something similar after the last 3 conference calls now.
GLTU!
Very good points here 19 RGS. I think using a PR firm will bring a lot of positive exposure to Tomi, and a lot of us have suggested it for some time now.
Your concern about a sales team was brought up by me as well, and I suggested that they hopefully have a young, hungry sales team working for them to bring in new business. Harold did say there was a sales team buildout, which is good. I don't know how aggressive they have been in the past in cultivating new business, but hopefully that will change asap.
GLTU! TOMA
I sent an email to Harold and the info@tomimist.com address after the conference call, and heard back from Harold fairly quickly yesterday. I'm not going to copy it here, but I let them know how displeased many of us are with the numbers yesterday (and the last 3 quarterly's, and the selloff in after hours. I know that Dr. Shane doesn't really pay attention to the stock price, but as a public company that is something they need to be concerned with.
To paraphrase, Harold replied that replied that they too were disappointed with the numbers, although that as things played out during the quarter they actually exceeded their expectations. I'm not sure how true this statement was. He did say that the pipeline is robust and outlook is positive.
I'm not going to sell anytime soon, and still believe that Tomi is undervalued, and that the numbers will soon catch up. Unfortunately it's hard to watch the slide we've had after each of the last 3 earnings releases.
In Q2 we had $10 million in revenues, and the expectation was higher, thereby creating a selloff. In Q3 they show $4.3 million, which is a record from Q3 of 2019, but quite a bit less than the previous quarter. I know I was expecting $6-8 million for the quarter, and felt it was conservative. This company has a ton of potential, but is underachieving right now.
I think all shareholders need to write to the company and let them know how we feel.
This conference call and the Q/A session is a joke. Attacking a shareholder who is asking a question about revenue is not acceptable. You are a publicly traded company and have an obligation to create and maintain shareholder value, which the company clearly has not been doing.
I think we all know they need new mgmt, but don't see that happening anytime soon. I too regretted holding through Q2, and debated doing it again. However, I set my expectations lower and felt that if we hit $6-8 million in revenues we would be ok. I guess I should have set my expectations lower. Had management told me they expected $4.3 million or less for the quarter, I definitely would not have held. I'm glad they "exceeded their expectations" for the quarter. Clueless!
GLTU!
I'm not sure why I bother joining the conference call, it's just a bunch of numbers and highlights that are read verbatim off of a printout by the most boring narrator ever. I'd rather just read it for myself in a PR.
After seeing the selloff after Q2 was released, this seems about right. I'm holding much longer, although it's tough to see this get driven down so low right now. I feel bad that I talked my Dad into putting some money into this before the Q2 numbers came out. I can't even stand to listen to Dr. Shane talk any longer! And if I have to listen to him say Steri-mist once more...UGH! Someone ask him how Steramist is pronounced that way. Lol.
I agree that this is worth so much more than what the shares are selling for, but unfortunately the rest of the market doesn't see it that way.
The revenues of $4.3 million for the quarter exceeded their expectations? They just don't get it. The opportunity is here, and they need to work harder to capitalize on quarter after quarter growth, not for year to year quarterly growth.
IMO they need to get new, younger executive management, who are hungry to grow this company and take advantage of this unfortunate, but once in a lifetime situation for this company. They have a great product that could sell itself to a tune of $4.3 million a quarter with little to no effort. With some effort they should be hitting $10 million plus every quarter.
GLTA! TOMZ
I sure hope so, although I don't know how surprised I will be if they have a good quarter. Hopefully the pps will pleasantly surprise me too.
Some of the recent tweets have been a bit perplexing/untimely to me. This tweet about other companies being investigated for Covid claims doesn't seem necessary, but obviously they think it was important enough to send. Also, on Oct 27th they sent a really nice tweet about preparing schools for the new normal with Steramist. Oct 27th, really??? A tweet like that should have gone out over the summer, when schools were thinking about their plans for starting the school year, not a month or two after.
This is nothing new, and I think many of us agree that their PR work needs a serious upgrading. I'm hoping that they have been so busy with sales that they didn't put out the school tweet earlier. I guess we'll find out soon.
GLTA! TOMZ
Yes, you are correct and we have discussed that very point here as to the main reason in the drop of pps, of which we still have not recovered. It does not make sense that this stock price sits where it does based on the previous Q.
With the low float now, this stock has continued to see a steady decline because of the lack on any substantial PR's/interest. This low float should also allow us to move up quickly once we get some positive news. I am looking forward to the Q3 numbers and cc today as well as getting some forward guidance. IMO, this is still a great, growing company to invest in, which is why I have remained here long.
GLTU! TOMZ
Tomi did have revenues of $10M in Q2, as reported. People were thinking $15M+ because of Dr. Shane stating that they had over $8M in revenue after 6 weeks into Q2.
I don't want to guess what Q3 will be, however with the recent drop in pps, if we have at least $6-8M in revenues I would expect it not to drop further, and only rise.
GLTU! TOMZ
You mean sales numbers like this, just released in the Q, ending Sept 30, 2020?
Optec Product Sales $ 6,284,609
https://backend.otcmarkets.com/otcapi/company/financial-report/262770/content
My wife was trying to schedule a PCR Covid test for her boss, which is needed by tomorrow before he can fly. He's in the San Francisco area and they had to search for a long time before they could find someone that could do it in 24 hours...and they charge $365! Yes, QuickLabs are definitely needed for travelers, and our $150 fee looks like a bargain for results to be delivered in 15-30 minutes.
GLTA! TPTW
Most likely the MM's playing games to keep the price down, possibly for accumulation.
Getting off the OTC would make trading a lot smoother.
Looks like a fake ask wall. It moved up to 34 before it was going to get taken out.
Boiler plate material that is put in every company's financial reports...next.
I remember when you sold for a loss too. Ouch, that was a beating.
Exactly! I can't wait until we get some updates the 5G expansion.
GLTU! TPTW
Wrong!
"The product distribution is expected to be fully completed by December 2020."
They put out a PR listing their Q3 financials. I would hope that these are very close to what will be reported.
Optec Surpasses Previous Quarter's Income & Revenue by Over 600% for Period Ending September 30, 2020
https://www.otcmarkets.com/stock/OPTI/news/Optec-Surpasses-Previous-Quarters-Income--Revenue-by-Over-600-for-Period-Ending-September-30-2020?id=276293
This was from October 7th.