Thursday, November 15, 2018 10:19:29 AM
I saw a huge jump in revenue, almost 10 Mil in 12 weeks for SGSI. not sure where see you a drop in revenue? If they cut unprofitable dollar swapping revenue to free up cash flow to generate profitable revenue instead that showed as a 20% revenue drop and the operating loss fell 95% I would dancing in the streets.
Oh, wait I am dancing in the streets.
What I do not like is the market unwilling to buy up the last printed shares at $2 and higher right now. If I was still buying and adding I would tickled pink, LOL.
Any one besides me notice the bid dance battle going at the best bid, on L-2, 42,000+ plus shares at the bid at .27x????
42,000 x200 = 8,400,000 pre split, a bid volume we have never ever seen on this stock since the IPO in 2008
I made made my last large buys at .30/.31 right after the R/S
And could have sold at $4, $2, and easily at .80 in recent days
So my finger is hovering on the bid/buy more right now.
IMHO the only reason the stock is not at $10 now is for the moment there is more supply available to sell at under $1 cost than demand. I think they already printed all the last shares to convert the remaining debt, what I do not like is that they have failed to 8-K the fact they printed 2.9 Mil restricted shares to apparently pay off the last of the convertible debt, probably owed to Icld?
I am still long. I like the 10-Q, it was way better than I expected or hoped for.
If there was no convertible, and no cheap shares left to sell from its conversion, I have no doubt the stock would be at $10/share.
Once we have bought all those shares, look out over head, Imho!!!
GLTA!!!
All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.
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