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Re: Mr Clutch post# 55986

Thursday, 07/24/2014 9:47:01 AM

Thursday, July 24, 2014 9:47:01 AM

Post# of 158782
Dude,

"What was the deciding factor(s)? "

I looked at a number of factors:

1) limited competition in this space
2) While ADCS has a questionable past with chills and other issues, it seems as if they are getting their house in order and striving to increase investor confidence
3) they have revenue now, admittedly is is tiny with 7 accounts, but it is still incoming cash flow
4) they are operating and securing business in multiple states, and establishing a 'national' brand
5) this sector will continue to grow as more states open up
6) there will come a time when the banks and credit companies will come in and flex their muscles, however ADCS and GreenStar has an early start and can establish brand loyalty beforehand, especially with the rewards card
7) this company is very cheap. Companies with no cash flow in far more competitive industries have obtained market caps several thousands times higher.
8) while I have complained about the lack of information and sales data, such data was forthcoming and the company is not hiding anything