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Watch Melvin do a follow up tweet tomorrow with another little snack for us.
L2 looks wide open. that bastard CSTI is sitting at 14
This is pretty important, "after undergoing a thorough examination by Cisco and independent verification by third-party auditor."
Yep exactly
Yep yep yep
The more this holds the more it consolidates the more it stair steps up the more confidence people will have. I believe in this stock but I’d be lying if I said I wasn’t still skittish because it’s the OTC. But this one does have the ingredients to make it to a $1.
Yep hope so too. or at the very least get some comment in the next filing. But i think the timeline he gave a while ago is probably still accurate. Like I said i'm down far enough I might as well hold
up 33% LFG (still down 73% lol)
End of March. There was a timeline give I though prior to RS bullshit
I went and re read the press release on the merger and was just thinking the same thing. I expect volatility in OTC but there's no reason this isn't dollar worthy. Melvin and VeeMost are no slouch. I hope everyone has read:
https://www.globenewswire.com/news-release/2023/02/14/2607911/0/en/Global-Developments-Holdings-Inc-Executes-Merger-with-VeeMost-Technologies-LTD-A-Cloud-and-Cybersecurity-Company.html
Chart is still looking really good here. Trading within the BB's and above the 50ma with the 50 ma on a trajectory north which is a great trend. BB's are tightening as well.
Shell risk removed....I dont' want to make a big deal out of it but it is definatley a step in the right direction. Time will tell if it's an indication of "more" to come or not but again its def not a bad thing.
Yeah and the 1 for 20 is not a big deal
I wonder if they're plan is to update OTCM info that would help with them being well received.
Yes the shell risk was removed
"AGSS
3,01
Shell Risk Removed"
Shell removal
Post of the year
9.5 out of 10 times there’s dilution so it provides cheap shares for the mms to cover and they come out way ahead. It’s typically profitable but this time it could prove to be the anomaly.
I mean why sell now? It’s down far enough I’m not out much more to hold idk maybe just me
That's the good news. I'm holding for now to see what happens if anything.
Jus bought at .1209 and they filled me at .1198
Good point. Makes sense, that if they are trying to bring exposure to the company they don't want people seeing a shell badge.
Right! and could mean they are working on finally updating OTCM which would be nice
I don't beleive in the pump "someone knows something" but it feels different with more MM's and today the shell badge is removed who knows though
$AGSS
?? AGSS
?? 3,01
??? Shell Risk Removed
cont'd I'm here for the last sentence.
In summary, 2020 was a profitable year financially despite COVID-19.As a company with 92% of revenue from federal contracts that were considered “essential”, we continued to operate at full capacity. As you will see the Operational Net Income for 2020 was 4.5% which is high for our industry. The year ending 2021 reflects a normal year except for the purchase of AGSS.
The reality of the guard industry and the Federal Contract market is that it operates on very tight gross margins. For companies our size around $20 million in annual sales, the bottom line fluctuates between 1.25% to 3%. However, the administrative overhead required to manage this volume of federal contracts can handle 2 to 3 times this number. Thus, as contracts revenue exceeds $20 million, the bottom-line profits grow significantly. As you will learn in our discussion about the strategic plan moving forward following merger with additional government contract and with acquiring a couple of competitors our operational net income % is expected to exceed the industry averages."
Going back through the 8k...
"Because we were engaged in a reverse merger, it may not be able to attract the attention of major brokerage firms.
Additional risks may exist since we were engaged in a “reverse merger” with a prior “shell company.” Securities analysts of major brokerage firms may not provide coverage of the Company since there is little incentive to brokerage firms to recommend the purchase of the common stock. No assurance can be given that brokerage firms will want to conduct any secondary offerings on behalf of the Company in the future. Due to this challenge management is taking steps to increase awareness of the merger and have laid the groundwork to ensure our company is well received in the marketplace."
Not an expert but do they do an offering in conjunction with uplist? I think WISA just did something similar. taken from a guy on twitter
"$WISA - Recently did a 1 for 100 stock split. Float extremely low. 52 week low, bottomed out. Recently closed a $6.2 million dollar offering at $10.68."
Not sure on that, perhaps someone can chime in that knows better.
It appears to be holding up well here. This is how sustained runs and real gains are made.
Just got my shares....now my account is back down to earth
"Additionally, a stock-for-stock transaction does not impact the acquiring company's cash position, so there is no need to go back to the market to raise more capital. Taking over a company can be expensive—the acquirer may have to issue short-term notes or preferred shares if it does not have enough capital, which can affect its bottom line. Initiating a stock-for-stock merger prevents a company from taking those steps, saving both time and money."
Wonder what today brings!?
So solid to close bove $3!
something is major fucked up with my TDA acct says i'm up 23,000 %
If you go to Barron's website they have updated key executives and list Michael and Doug. Nothing for BOD....I'm hoping we start getting some updates there as well. I assume LG can bring some key people on board. Have a long run way of catalyst...updates on acqs / BOD's
https://www.barrons.com/market-data/stocks/agss/company-people
It's pretty good.
My thought as well. I'd love an "introduction" to AmeriGuard type PR reiterating what's in the 8K.
Any significance to that? perhaps different buyers?
My luck traders will play the crazy low float and I wont have my shares to sell