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.
That is true. Maybe Komo is now back to frequently issuing press releases containing good news. Today's specific news might be an indicator that soon Komo will say they have entered the USA market.
Today's volume is the highest since November 12, 2021. Perhaps by the end of today the volume will be higher than it was on November 12th. If so I think that will be very interesting. The stock price has been trending up since December 14, 2021.
It is not surprising that there is high volume in response to the good news, but I wasn't expecting such to happen this soon since it seemed to me that the stock was stuck in narrow trading range at low volume. But, even today the vast majority of the volume during each minute is less than 20,000 shares and sometimes there is zero volume for periods of 30 minutes or more.
Thanks.
Since you appear to be interested, I checked my records and I noticed that I have not sold any $KOMOF since November 12, 2021. Last month I bought back all of the sold shares (at prices lower than what I sold them for in November).
I agree that today likely will be an up day for KOMOF.
Since you say I missed the point, please tell me what point I missed. I am aware that the volume for $KOMOF today is much better than it was yesterday, and I am surprised by its stronger volume for today.
I haven't sold any today, nor in the past 2 weeks or so. My ask is above today's intraday high. I have not been dumping.
Though the volume might be much lower for the market than usual, for many stocks (such as on the stock exchanges) there is ample volume to enable me to buy shares and to sell shares.
I'm not a day trader, except that on rare occasions I will buy once and sell once a specific stock on the same day. [My account doesn't even allow me to do any more day trading than that, or even "pattern day trading" - my account has no margin.] What I want to do is reduce the cost basis of my shares (to below 10 cents/share) and that can only be accomplished by selling some and then buying more at a lower cost, and then holding the lower cost shares.
Yes the volume is extremely low and yes that makes matters difficult for traders. The trading volume was very disappointing to me today. The total volume of shares traded today was only 36,693 shares. At an approximate average price of 10.5 cents/share, that means that approximately only $3853 traded on KOMOF today. That makes it extremely hard for me to buy a few dollar's worth of shares (to add to my position) at a desirable low price. It also makes it extremely hard for me to sell a few dollar's worth of shares at a desirable high price. This extremely low volume situation, and general stock market factors, has me wondering if I should permanently reduce my holdings of KOMOF, for it could be many months before the price and volume becomes much higher. Fortunately there are some days where the total trading volume is more than 100,000 shares.
Maybe so, but for now I holding/trading it.
What Komo didn't say was that the November revenues dropped considerably below the October revenues, but such can be deduced by doing some math on what they reported. They did possibly hint at the drop in November when they said "Our significant increase in revenues in December was a surprise since we experienced many delays in distributing our products outside of British Columbia due to weather conditions and widespread labour shortages".
Correction of prior post: I mean to say "implies" instead of "applies".
I think it is very misleading that Komo said "expand throughout Canada and the United States" since it applies they have sales in the USA (in order to expand somewhere the entity's operations have to already be there). They currently have no sales in the USA [unless maybe they made an unannounced sale to a distributor in the USA]. I think the wording was an oversight on Komo's part and not intentionally misleading. It would have been more accurate to say "expand throughout Canada and near entry into the United States".
Komo Plant-Based Foods Announces Record Revenues in December - with 35% Profit Margin Reported Last Quarter
See https://ir.komocomfortfoods.com/news-events/press-releases/detail/74/komo-plant-based-foods-announces-record-revenues-in .
Thanks for that info.
I'm not making a complaint; I just think it sounds strange. Did any of you people on the stock forum board even notice the press release until I commented about it a moment ago? The PR says what the money is intended to be used for and that is good news, including in regards to Komo's future entry into the USA market. I might email Komo, but Mr. White (the contact person for investor relations) doesn't answer all of my emails, though he does answer some of them.
That makes sense to me, but what had me concerned is that the wording of the press release seems to be saying that Komo is forbidding anyone to distribute the press release in the USA.
I understand that the private placement is just meant for Canadians, and I have no problem with that. But I thought it was very odd that it said that a copy of the announcement was not even to be disseminated/distributed within the USA. Knowledge of the document is important information for USA investors/traders; the information has the potential to effect the stock price of KOMOF on the OTC marketplace.
It is not mentioned in the press releases section of Komo's website. It is mentioned on SEDAR (which Komo provides a link to: namely https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00047462 ). On the SEDAR site it is the item called "Dec 31 2021 16:12:10 ET News release - English PDF 58 K". A number of documents which KOMO files with SEDAR are never announced in a press release on KOMO's webite. For example, such is also the case with a press release (filed on SEDAR but not listed on KOMO's website) which on SEDAR is listed as "Oct 29 2021 20:16:46 ET News release - English PDF 54 K". The first part of that document says the following.
SEDAR is the web site which publicly traded Canadian companies have to file reports to. At https://www.sedar.com/sedar/faq_en.htm the site says the following.
"Komo Plant Based Foods Closes Private Placement
Vancouver, B.C. – October 29, 2021: Komo Plant Based Foods Inc. (CSE: YUM) (OTCQB:KOMOF) (FRA:9HB) (“Komo” or the “Company”), announces that it today closed a non-brokered private placement of $160,000 to one subscriber for units (the “Offering”)."
''
1. What is SEDAR?
SEDAR is the System for Electronic Document Analysis and Retrieval, the electronic filing system for the disclosure documents of issuers across Canada.
2. Who files documents on SEDAR?
All Canadian issuers that have issued securities under a prospectus or prospectus exemption are generally required to file their documents in the SEDAR system. In addition, some third parties who are involved in transactions such as take-over bids or proxy contests may be required to file.
"
I am very very skeptical of one claim mentioned at http://conferencecalltranscripts.org/summary/?id=10271811, namely the statement of "Investment Holding, Bd1, a major owner of Ascent Solar Technologies, has now declared ownership of 0 shares of the company." That claim is why I had asked you what significance you think it has (regarding the ownership level of BD1). The most recent SEC filing (dated December 29, 2021) says that BD1 still beneficially owns "89,000,000,000" shares - not zero shares.
I am shocked that the stock was up 56% today, but maybe it had to do with the claim of: "This form is usually filed as a prelude to a company officer either receiving options or buying company shares, so there may be more to come from Bd1."
Today I noticed that Komo filed a press release on December 31, 2021 with SEADAR. Did any of you folks notice it? The very first sentence of it (at the very top of the press release) seems strange to me. I've never read any press release saying anything like that before. Because of what it says I don't intend to quote it, since I don't want to get in trouble with Komo. The 3rd paragraph in the body of the PR gives me an idea (a benign idea) of why the top of the PR says what it does.
What do you think the significance is of that (regarding the ownership level of BD1)? Does it it mean it is a good time to sell shares? Or, does it mean it is good time to buy shares, or does it mean neither?
It is very impressive that KOMOF closed at about 13 cents/share today and that it had two spikes today to that price - on relatively high volume! The price spikes happened when the volume spiked! I am very optimistic that the stock will close at 15 cents/share or higher during next week.
FCEL's stock price movement during this week tells me that $FCEL stock will likely close below $5/share during January 2022, very possibly during next week. I think it is wise for long-term investors to avoid buying FCEL for the next few months.
$NEE is an excellent stock for buy and hold investors, those wanting to hold stocks (of leading profitable companies) for more than 10 years.
Since the price movement of yesterday through today has reversed most of last Tuesday's gains, it seems to me ASTI has resumed it downward slide and will likely have a down week during the first trading week of January 2022. It seems to me that $ASTI will very soon revisit the intraday low of about $0.00200/share it had on December 24, 2021. I think the prospects are high that sometime during January 2022 the stock will close below $0.001970/share (except of course that due to a likely 1-for-5000 reverse split the price might appear as $9.85/share).
I bought some shares of $NEE about a week ago. I noticed that in the very long term on a total return basis it out performed the S&P 500 Index, and that NEE is a fairly low risk stock. Awesome! I like it very much that the company generates electricity from renewable energy sources and that the production cost of renewable electricity continues to go down. NEE is a major portion of the newly created conservative section of my stock portfolio in my ROTH IRA brokerage account.
The 50-day and 200-day moving average of $NEE have very strong upward trends and that bodes well for higher future prices of the stock. Excellent!
The recent interim financial report has good things mentioned in it; sales are growing at an enormous percentage rate. $KOMOF's stock price is holding up well and I noticed it closed up today to very close to what I paid for it when I bought it back last week. That is encouraging. Also KOMOF's MACD line is continuing to rise and I think that indicator bodes well for the stock rising next month, especially if great news is released next week by Komo. The stock has been trading on low volume for awhile (many owners of the stock are probably reluctant to sell their shares), and when the really great news comes out the demand to buy shares will likely quickly push the stock up steeply, in my opinion.
Wow, this stock closed at only about $63/share today. Isn't that somewhat below where it closed on its very first of day of trading more than one year ago? To me, the strong falling trend in the 50-day and 200-day moving averages suggests further drops for BYND. Beyond Meat is facing a lot of strong competition these days in the vegan meat marketplace, making it hard for Beyond Meat to grow its sales.
Wow, this stock closed below 13.25 cents/share today. To me, the strong falling trend in the 50-day moving average, especially when combined with the downward trend in the 200-day moving average, suggests further drops for SPCE.
I think it is highly significant that this stock closed below the critical price level of $1.00/share today. The 50-day moving average has a strong declining trend which to me suggests substantial further drops are ahead for the stock. I thus think it is best to avoid buying this stock for the time being.
Why did $SIRC close down to about only 32 cents/share today (with an intraday low of about only 30 cents/share); was there any company news which triggered it? Today's closing price on SIRC gives another possible opportunity to buy back SIRC below 35 cents/share, however for the time being I think it is wise to avoid buying the stock. Maybe the stock will reach 28 cents/share again, possibly even eventually closing below 26 cents/share again. To me, the strong falling trend in the 50-day moving average suggests further drops for SIRC.
For another news article about today's announcement by $FCEL of their financials, see https://finance.yahoo.com/news/fuelcell-energy-reports-fourth-quarter-120000444.html . That article is even more informative.
At least FCEL reached a settlement with POSCO Energy Co., Ltd.
Wow, the financial news released by $FCEL today is stunning. I am so glad I had already bailed out of FCEL long before the dismal announcement [see https://www.barrons.com/articles/fuelcell-energy-stock-price-earnings-sales-51640782597 ]. FCEL's huge percentage drop today, including to an intraday low of below $5/share, fulfilled a prediction I made in post # 39861 way back on 09/10/2021. [See https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165860510 .] There I said the following. "I see the stock as dropping eventually to $5/share (though I don't have an idea of how soon that will be). It might be wise to buy shares at that level in anticipation of the Groton project being announced as COD, however the stock could still eventually drop below $5/share (perhaps even after Groton is COD), due to continuing weak financials." Thus far Groton is stil not announced as COD.
Atlanta1, what factors prompted you to buy $ASTI today?
Those are interesting ideas, but I don't think shares are being retired and I don't think the company intends to cancel the reverse stock split.
Thanks. The big percentage increase in price today is indeed impressive, but the question in my mind is whether the move up will be sustained beyond the end of this week.
Atlanta1, judging by the timing of your post (at 12:02:03 PM) and the subsequent action in the stock, it looks your action to buy shares (probably a lot of shares relative the usual volume for this stock) drove up the asking prices and thus trading prices of the stock today. Am I right? I know what is it like to see the Ask quickly jump up (and continue to rise quickly) when I try to buy a considerable number of shares of an OTC penny stock relative to the normal trading volume of that stock.
That is a good question. Thanks for providing the text of a PR to remind me of the details of the agreement. Though there is an agreement to purchase ASTI products I think I am correct in saying that "so far I haven't noticed any announcements of purchase orders by TubeSolar of Ascent Solar's products". I think that because ASTI has not yet announced that they have manufactured any of the "customized PV (“PV Foils”) for TubeSolar" and that there has not yet been any announcement that TubeSolar has placed a buy order (such as for a specific quantity) to purchase any of them, though both actions will take place later. It takes some time for ASTI to make the customized product and until it is finished there probably won't be any purchase orders. Mostly likely though ASTI has received at least part of a "Non-Recurring Engineering Fee" from TubeSolar.
In any regard, there has been no announcement (at least to my knowledge) that TubeSolar has yet purchased any of the "customized PV (“PV Foils”)" and no announcement that "the new manufacturing facility located in Germany (“JV FAB”)" has yet begun operations or has yet even been built.
Do you agree with the above?
I am glad you provided the text of the PR because I didn't know/remember that ASTI needed to make a customized product. I had thought they could sell an existing product of theirs to TubeSolar and thus I was surprised they apparently hadn't yet sold any PV product to TubeSolar. But, because ASTI needs to make a customized product, it is understandable that a sale apparently hasn't yet taken place.
I noticed a moment ago that Komo filed with SEDAR on last Thursday Dec. 23rd) during after hours and that the filings included an "Interim financial statements/report - English" however my home computer system is not letting me open the financial report. I will try later on a different computer.