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GM as well.
While I did get a laugh out of the painted tape at the close. I was more impressed with the $11K purchase/sell on 228K shares at $0.48, when in June we were at $0.02 and the stock couldn't trade 5,000 shares.
Wait! Did I read that correctly?
Isn't it interesting how a billing label shows up and all of sudden there are millions of shares available on the ask. It's like shareholders are looking for any opportunity to dump their stock.
So, assuming they actually paid for the 500 units, as opposed to the supplier creating a Net 30 invoice, it would make more sense to order inventory as opposed to paying the CPA for a financial report.
I'm actually impressed that the company placed its first order of air handlers in over a year. However, 500 units in over a year, or nearly two years is not much to get excited about. They still need to sell them...LOL
Still quietly waiting in the shadows for now, with more stock than one needs.
Hoping to hear something out of management sooner versus later.
Totally agree about the $0.05 resistance.
Good morning from the West side!
I used to run lease vs. buy scenarios for companies back in the day. It is not always wise for a newer company trying to grow to buy as opposed to lease.
When you consider the amount of capital (down payment) that a company is required to tie up as opposed to placing into operation to grow the company alone can be a strong counter argument against buying.
Additionally, a lease payment is 100% write off on income as opposed to making a mortgage payment. One should not be so fast in claiming a purchase is better in terms of an ROI over leasing. ESPECIALLY, if one is considering a downturn in the market, as so many are right now with real estate.
Bottom line, ALTD is currently a growth company, not a real estate company. What this lease demonstrates is an ability to move the company forward.
I do believe we are about to see that long awaited nickel.
Good eye!
Thanks brother!
Here is my take as a developer for the past thirty plus years.
ALTD started down the path of purchasing the property as reported several months ago, just as commercial lenders started pulling credit and being aggressive. Doesn't take a rocket scientist to understand how this came down.
Once they confirmed they couldn't pull the needed financing, they went to plan B and found a company to step in and buy the property to set up a lease arrangement.
NOW, here is where it gets interesting. As a developer, we need to see financials that will support stepping into purchase a property and take on the associated risk. Also, the lender AND the developer need to review financials on the tenant to assure them they don't have a property going dark.
With lenders "pulling financing" as the market is set to implode tells me the company has more going on than meets the eye this morning. Which would also support why today's news is met with no buying or SELLING.
Today is a big day for the company, to pull off any kind of package in the current forecasted market is a BIG DEAL.
As I posted days ago, the deal was not designed to see a run on the stock.
Revenues are the key here. Not taking on debt IMO.
If investors thought the purchase/lease was going to run this stock, they would be DUMPING shares into the news.
Take a look around, NO one is running for the door here.
For the adults in the room. Here is the flip side.
MY L2 is not showing much on the ask, which is interesting on the normal sell on news gang.
The larger buyer appears to have pulled their bid, looking for the sellers. Given the spread on the bid/ask, I'd say the market with the news drop is pleasantly quiet.
RJ, good stuff.
I'm in the camp that this will take longer, based on what is about to unfold in the UK that will likely bleed over into the US markets in a really big way. Let's hope I'm wrong.
Nailed it!
It has been nice to watch the large bidder moving up his bid over the last two weeks. Smart buyers are in the shadows IMO.
For some...LOL
Deals like this don't take a holiday. Well maybe the county recorder.
Given management likely has its hands full right now, the PR is likely not as important as the balance of the too do list.
In order to "take over" the deal would have to record, which it likely did on Monday.
I'd look for a PR tomorrow or Friday.
Meta's business model is night and day when compared to what GG and TCG are building.
Now add in all the baggage that FB/CEO has, and you can see why large part of the market is looking for a different opportunity.
On a risk reward level, FB is currently trading in the $200+/- range.
In Oregon, it can record the same day, if the closing is signed and "approved" by the lender before 1:00 pm. However, it is likely the paperwork was signed on the 31st and wrapped up the following day or two.
Here is the wild card, some lending sources can take longer to review the signatures and fund the loan. As a rule of thumb, the turnaround is 24-hours on these larger deals.
If staff is in the process of changing over signage, It's a done deal!
One can likely look up the online county tax assessor to confirm if interested, just by using the property address.
Investors should see a PR this week. Likely before the end of the week, given we have a short week.
Totally agree.
Wasn't much of a call, when you're watching the bid blocks increasing against the lowering ask volume...LOL Somewhat of a no brainer!
Nice fine!
Agreed!
A couple of well-placed machines in these areas would be a Hugh PR...LOL
Have to wonder if they have thought about leasing the $30K units that can produce the military grade water volume that they need right now.
The sad part is it looks like the water issues are here to stay. Looks like that geo-engineering is coming back to bite us in the....LOL
Did we just break $0.04?
While the focus here has been the closing, which is a good thing.
Revenue is the real value maker in my mind. Take look at the recent news out.
Do a goggle search on "Water emergency declared in Jackson, Mississippi".
It's just ONE example in the last month
So, while the company is building a new and improved athletic center. Let's not lose sight of the water issues that are playing out on a very LARGE scale, worldwide. Now ask yourself how these government agencies are going to deal with providing water to communities, "long-term"?
There is a reason why the company posted the tweeter pics on the water units being made. I have a feeling that demand for the units is ramping up.
Correct, I don't see them walking away with the clients they have in tow.
Noticed the same thing.
It is starting to look that way.
WOW, I see someone tested the 1M bid at 3 and wiped it out...LOL
Should start to get really interesting here shortly as we fall into the triple zeros, or land of the trips.
About time for the flippers to step in ahead of another company PR.
It's time grandpa to show the market another fluff piece to keep the morning crew.
Now this is what we call, bottom fishing! Hook, break out the rods.
You are correct!
Man, I've seen some strange trading patterns in my day. But this one is ALL over the place this morning...LOL
I've seen some tree shaking, and I've watched MM play a stock. But watching a buy over the ask of a million shares is telling.
Interesting L2 the last couple of days with the bid size increasing.
If I didn't know better, I'd say we are about to break $0.04 on this sleepy stock.
I really have no idea.
Now here's the good news!
Once Berman gets fitted for his orange jumpsuit, you get to claim your investment was a fraud and write-off the entire lose in "one" tax year as opposed to a straight-line method, only allowing for a partial write-off each year.
This of course assumes you didn't know the man's character before investing in his circus.
Check with your CPA for the details...LOL
Odds are against this IMO.
More like he saw the writing on the wall.
When your "free" ride is over on a sinking ship, one knows when its time to get out of Dodge, so to speak...LOL
Once a company's stock has no buyers, it makes it real hard for sellers to raise enough capital for the pool cleaner.
DC, I honestly can't answer your question.
For now, we are screwed. Big Token has no broad and is not current with its filings. To make matters worse we have a HUGE AS hanging over us. What could go wrong?
While I believe they are cleaning up the old records. My gut says the loss of the former CPA with all the knowledge on the company was a really BIG deal. Thus, the broad walking...just a guess on my part.
Until the company cleans up the records, assuming they are. We don't have much to look forward to in my opinion. Let's hope I'm wrong.
Anyone buying a million shares down here understands how to flip them on the next meaningful PR....LOL
Wonder who is being told to "load" up?
As for available shares to purchase, no problem. L2 is showing a very large number lately. Wonder who is making up the next PR so the "insiders" can unload their shares.
Funny how we watched a number of 1M share blocks sell a few weeks ago at $.005, with NO follow through. Looks like someone "averaging down"...LOL
Yes Sir!
Our daily share count has been around 2M shares. To see us at 3.5M with no news is a VERY good sign.
We should continue to climb for the next few weeks IMHO. A slow climb ahead of the closing would play well here for the longs.
Buy them under 3 while you can...LOL
Good for you, sorry you got sucked into this one.
I got out nearly two years ago when I saw how the CEO was hiring his questionable son with company shares. There's a reason why REAL companies don't allow this type of thing...LOL
I stick around to watch the good morning gang and to make sure newbies don't get sucked into the lies by this company.
While I took a small loss, its nothing to what a number of folks have seen here.
The writing in my opinion is on the wall with Vystar, selling now before this goes BK is better than leaving shares in a brokerage account that have no bid. On the flip side, sitting on shares that are 90% below their buy-in is hard to part with.
Totally agree on the other opportunities in the market. Just got back from a trade show on the Meta verse and can understand why so many companies are moving millions into the space.
Vystar WAS a Covid play, that play is now dead.
Totally agree my friend.
I have a good feeling here...LOL
Likely because anyone with L2 can see the number of shares available at 33.
The shares available keep growing...Ouch!
Count on it my friend.