InvestorsHub Logo
Followers 25
Posts 7077
Boards Moderated 2
Alias Born 06/11/2020

Re: CatchakowaBunga post# 103265

Sunday, 08/09/2020 11:08:54 AM

Sunday, August 09, 2020 11:08:54 AM

Post# of 112647
You have to remember that what you are reading is from a company that has a serious credibility problem. They will have painted a prettiest face as possible and is most likely the product of more than one meeting on the subject of this filing alone. Bottom line for me from any company is this single line in the filing that carries serious consequences if fraudulent. Can you say Sarbanes Oxley? Maybe this doesn’t apply to these stinky pink stocks.

"The net loss for the three months ended June 30, 2020 was $2,573,000 compared to a gain of $1,194,000 for the three months ended June 30, 2019."

Where did the 2.5 million in losses come from if they are showing improved earnings? Why the hefty dilution this run? Dig through those questions and you will see what is really happening with this company.

I am looking at others with year over year earnings, strong management and have made optimistic forward statements that if proven untrue would not only jeopardize the company’s credibility but also invites scrutiny from governing bodies. They are trading around or below what this one is.

Who knows, this stock may fly with the crowd of foolish traders out there now. Who in the past would ever had thought that companies like Hertz and Chesapeake Energy would see some of the best trading days in their history come AFTER they announced bankruptcy.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ATDS News