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Good for you. Like many of us that have been here for at least 3 years, everyone is buying when they can and holding. Good luck to you! Patience is a virtue around here ;)
Agreed. If you've listened to Rick's podcasts, interviews, statements ,etc., this is going to be a process over a period of a few years in the reverse merger and acquisitions. If you're not willing to wait that long or if you're just looking for a quick OTC flip, you won't find it here. He has even said that all ways to get funding are on the table to see this thing through. Again if you're just looking to bash to try to be the self prophesizing 'I told you so' kinda guy, then leave. This train is going to be a journey. Not a quick process.
Help make it rain Rainmaker!!
Hasn't been up to 0.049 in a long time! :) Volume is always low. Folks just holding.
He did say ticker name change is a part of this whole process. No ETA though but the audits, etc. have to happen first.
Agreed. That's why I've quietly held (and increased) my position.
Thanks high jumper! That's the one I saw too. There was also an aerial photo on the website (looks like it was taken from a plane).
Yep. Sleepy Joe promised a return to normalcy financially and politically and it seems like the world is a breath away from going to Hell in a handbasket thanks to his leadership (or lack thereof). It's now starting to raise its ugly head in the stock market.
I went on the website today and looked at every link, etc. Everything has been updated and they're functioning. They did say that 'upon financing' several times in relation to the Houston project. I'd be worried if they were late on financials, 8K reporting, etc but they never are and they are incurring administrative expenses. Basically opportunities for funding suck right now.
Yep. Once LBRMF confirms financing to get Houston going, this thing will go over $1-3/pps literally in a matter of days upon the announcement. I remember when it went from a 0.09 to 0.45 within a week's time when there was word we might have secured financing a few years ago. Kearney: Git er done!
A good leader would tell your investors the status, whether good or bad. If we're in a holding pattern because the financial terms of financing are just to high, etc. I can live with that as opposed to hearing nothing. Obviously they're willing to pump money in to run the skeleton day to day operation from a financial and business standpoint. Still, the silence is deafening. It also doesn't help that inflation is still out of control here in the U.S. as the interest rates cascade to other world lending markets too. Like I said, if Biden wins, I'm not optimistic of things moving forward for the next 4 years after 2024. Still holding my 7 figure share position but it is frustrating. With hostilities increasing with China, the Western world is going to need Canadian iron/ steel, especially if we get into WWIII with the Chicoms, Russians and Iranian mullahs.
This board has been quiet! Jeff, when is the next investor call? Thx!
Demand > Supply = Good. No one is really selling. Everyone is accumulating.
I usually don't but this one I am dude.
Chum, this one could take 12-24 mos to really make some noise buddy. If you can’t wait, go trade something else. Like Rick said, if you don’t want to be on the train, hop off. No harm, no foul. It’s your $. If you got time to wait then great. You seem impatient. Like I said, 12-24 mos at least.
I hate to say it gents but you win some and you lose some...more so losing on the OTC. This is one of them unfortunately.
Maybe we'll see Rick on Claman Countdown in a year or two as they do a story on Reachout and as it hits the NASDAQ :)
I have a feeling we're going to hear something by the end of year. Just a gut feeling. I hope I'm right lol.
lol..I think the Volcano blew his load and has moved on...
This....
Dang. Have you reached 8 figures yet in shares??
True. But there's a long term vision for a company that already has solid revenue streams which, is uncommon for an OTC stock (which are usually start ups, etc). Would you rather invest in some shady OTC start up or a company with no revenue and only 'potential' or a company that has been around for nearly/around 10 years and has enough resources to acquire smaller businesses in the industry and is needing a way to be publicly traded for capital, etc?
Load and hold. Slow and steady wins the race. Like someone said, nothing earth shattering is going to happen. If you're looking for a quick 'overnight' profit, its not going to happen. He's in a part of the cybersecurity market where there's no real big players (small-mid size businesses). Everyone wants to get in on the big boys like Crowdstrike, etc. Sure you can take profits on 'pennies' but those that have the patience of Job will be rewarded in time I believe. Like Rick said, if you don't want to be on the ride, then no pressure. Just get off so you don't spread negative vibes. This one is going to take several years to evolve.
This.... also like Rick said, if you're not wanting to be on board for the long haul, that's OK. It's your prerogative, your $. Many of us know this will be a process over the next few years. He's said that much.
Thx Rick!
Thx Jeff!
If the Feds start lowering interest rates that might bode well for financing :) Fingers crossed for late 2024.
Jeff, thx again for the update! For those fellow investors that missed it you should join the next one if you can. Very informative and transparent.
Great synopsis and logical take. That's why I'm holding firm and know this could take several years to really get going. I've got time and I consider this a long term investment.
Great thx Jeff!
Yep. When you really start to look and analyze these so called 'leaders' (their linkedin page, work history, education, etc.) You'll see trends are either warning signs (or not). The more I learned about Damoa, Just a lot of pomp and no circumstance. No true business substance. An entrepreneur vagabond shadowing as a business CEO, etc. I started selling and moving funds elsewhere. I also believed that the tech wasn't going to address their power needs sufficiently. Also I think the Biden administration's all in model of non fossil renewal energy sources and battery power only is asinine. Right now its not cost effective. Just ask Rivian...ugly vehicles aside. While it was a cool video on the GLID site, it just isn't reality. I think combustion engines are still going to be here for years to come with regards to moving large weight shipping. As for this truck stop, it's truly hilarious. Again, my only hope is that someone with any business sense, integrity and not a 'Nigerian prince' will resurrect the shell in some viable reverse merger or acquisition through a legitimate business that is already generating revenue. Here's to finding another 'Celsius'.
This. 100%. OTC is known for the land of impatience. Any real business isn’t going to have weekly updates for its investors. That’s just reality. Patience my dudes.
Unfortunately this happens a lot in the 'shell game'. So is life in the OTC. There were warning signs to me from Kevin Damoa. One tail tale sign is that these guys are into multiple entities in short amounts of time. If they were so highly touted why are they moving from one company to the next in such rapid fashion? They throw around CEO, COO titles like they're going out of style and don't have much substance. I've got a very small position which is worthless but maybe someone will resurrect the shell through a successful company like a reverse merger, etc. One can only hope. These guys remind me of the Nigerian prince schemes. Looking for our money and promising riches beyond compare.
I remember when that happened! It got up to about 0.40-0.45 pps! As we can all see on the aerial photos, the roads have been cut, gravel laid to the rail line. Hopefully our patience will be rewarded in before the end of 2024!
Like rain said, it's going to be a process once the financial feasibility study-analysis is completed. What will hurt/kill this thing is if interest rates don't come down. In reading the update, they're exploring options on all fronts. Again, nothing shocking or new but just glad they documented what we've been thinking all along in the financial update. This thing is still alive, perhaps not on life support but it's in a comatose state. A confirmed financial backer/financing will be like an adrenaline shot to the heart (think Pulp Fiction). I'd like to see this thing spring back to life like Uma Thurman after she flatlined OD'ing on coke.
Yep. I think we all suspected that's where it was at. In the last few years with climbing interest rates and less capital out there for those to invest in this doesn't surprise me at all. Again there's optimism in the document but reality also. They had to lay it out on the table. At least there's an official document explaining that much and with an updated website. There's a chance but there's also not a chance lol. Praying they secure funding in 2024 sometime to start mining!
Yes! Glad to see it's finally out of the 'staging' phase. Site looks very similar from the past but with more updates and a few more landing pages. You're right. They wouldn't spend the time or $ to do this if things weren't still moving albeit slowly. I'm still holding long...
For those of us that stick with this if that comes, the view from above is going to be awesome.
thx for sharing GTC.. they're quietly moving behind the scenes for sure..If their business model pans out over time, this would be a steady small cap type winner.
Yep me too lol. I’ve got time.