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This is a message board...anecdotal, informal for opinions, complaints, etc. One can hope. Investors always buy at their own risk.
If this thing uplists and hits over a few $ per share, we should hold a virtual party to celebrate. For those of us that were here at the ground floor. Seriously.
That's my thought as well GTC. In some of these acquisitions there was probably some assumption of liabilities and operating debt with consolidation moves which I think would be normal. The savings through consolidation for economies of scale would occur later down the road. I'm not concerned either. I'm just going to sit back, RELAX, and let Mr. Jordan and co. execute their long term plans :)
hopefully
I wouldn't worry about it. Someone wanted/needed out obviously and was willing to sell way low. Not that much volume.
Would it ever reach a share price of $330? Probably not but I think it could do very very well if it gets the name change, uplists, continues to acquire revenue generating MSPs with a consistent EPS eventually.
Agreed. Unlike the big companies like Crowdstrike or Palo Alto who have big clients, Reachout is the only one that I know of catering to small and mid size businesses. His plan makes sense and he's one of the first to consolidate those offering such services in this space. I know this won't be a 3 figure stock but anything more than a few dollars pps would be just fine in my book over the next few years. Who knows what the future holds but I feel better about this one than I do any of the other ones I've invested and left in the past in the OTC.
I'm less versed on the aspects of dilution and special financing although I did remember Rick saying that while he didn't want to do that, that 'everything' is on the table to get to the destination point and that he'd always try to do the best he can. I just know that unlike many OTC start ups, this is an operating company in the cybersecurity space and he's quietly acquiring other similar companies in order to consolidate and improve the economies of scale.
Interesting. I'm not sure either. All I do know is that this is a company with revenue streams and they are in expansion mode. Several things afoot here over the next few years. That's why I'm here...and staying put.
I wonder why..... perhaps war?
lol it can be to some...
I got rid of my total position earlier this week. Later dudes.
This is one of my remaining ones I'm invested in as well. I've got time so I'm willing to wait it out over the next few years. While I do have a 7 figure position, I don't have a lot of $ in it because I bought in so early. If it comes to fruition, it'll be like winning the lottery for me though. I do like the fact that they are an operating business currently, has staff, generating revenue and acquiring companies in the same industry. That's why I'm here. If this Rick and his folks do the items necessary and also move to one of the big boards, it could be well worth it in time. Again I think it's going to take a few years.
The OTC investor is a fickled one and can be swayed easily. Hold fast :) No worries.
If you don't like YRCM, sell your shares. Plenty of people here that'll take them off your hands...and one less thing you have to complain about.
I think they want to. Everyone wants to make $$ and Kearney is putting in his own $ to keep it running until financing is secured. Like all loans for operating capital, sometimes the landscape is just not favorable and takes time, perhaps years. High interest rates, banks being risk averse, even with a good PEA/ feasibility study in the current climate. I'm hoping for something to unfold/move near the end of 2024. That's just me. I think if there's a change from Biden, things are going to start opening up and inflation and interest rates will go down with a refocus on energy production. Much of the 'infrastructure' related to Houston is regarding transportation (Rail line, roads) and the equipment. Again, I think all tied to the cost of doing business. Investment Capital is just not cheap/favorable right now.
Like some of the stalwarts here, I'm in it for the long haul. Unlike many OTC stocks, this one has had a track record in the past WHEN it has been operational and mining. Anywhere from a few $ per share to over $11 pps at one point...and I think it'll move fast once financing is secured. Their website is alive and well and updated now. It's not far advanced or interactive but it does give necessary info. Again to invest in this one you have to have patience. This board is cathartic in many regards for us long time investors. Again, I urge you to look back historically when they were mining in the 2010-2012 date ranges.
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.