My opinion on SEEK for today and future!
I will be completely honest with my views. I am a shareholder that owns 5 million shares at .004s, .003s, and .0002s with an average of .0030. When I have the opportunity to short this stock, I take it right away but I also have shares that I'm staying long with.
Today at this very moment, I believe everything is in the right direction for SG and the company. Positive Equity, growing profit, growing revenues, leased 2 office spaces, up-listed to OTCQB, eventually to OTCBB, hiring employees and T.V ads to come. I checked out the mobile version of thedirectory.com and it's pretty sweet. I determined that the first T.V. ad won't be out till about June 1st because I add two weeks to anything SG says when it comes to his timeline. A lot in the pipeline as of today!
Although all these great things are happening, the pps is not responding the way we would like it to. There are two facts that I realized about SEEK's pps. It will never drop below .002 again and we won't see a penny until share structure is being dealt with. 3.9 billion shares are to many and most of the debt SG received were compensated with discounted shares to MM's. As of today, SG has cut down debt by over $700,000. IMO, that's a very damn good sign especially when you can still be profitable. Again, IMO, I believe SG will buy back shares once he is completely out of debt, hence the no reverse split that he guaranteed for 2 str8 years. His company is growing and stated that SEEK will be able to profit 10 mill every quarter in about 12-24 months. When you can profit 40 mill a year, debt won't be an issue anymore.
I've heard many mention competitors such as Yellow Pages and Angie's List. I've done some DD on financials for both local search webs. I found out that Angie's List has never had a profitable quarter in it's history yet it trades in the dollars. Yellow Pages is indeed profitable but they averaged about $50K in all their quarters in 2013. SEEK just profited 212K in one quarter and they had no advertising!! That tells me that SEEK's business model is much better than both ANGI and YELP. Also, I may add, SEEK plans to go global, hence the global headquarters in Red Bank, NJ. This tells me that SEEK is very undervalued at this point only because the share structure is holding it back from breaking out.
All in all, I know there are many frustrated shareholders out there waiting for the penny including myself but going into this stock, I knew that I would have to be a true long. SEEK is a 1 to 2 year hold but IMHO, this stock will make anyone who holds for that long rich one day, maybe even sooner than that. I have no doubt in my mind that once SEEK rakes in 40 mill(10 mill/quarter) a year with positive equity, institutions will invest and buyouts will come! A lot of things you can do when you are that profitable as a company, even expand globally which I believe SG intends to do! Long SEEK
