Sunday, October 08, 2023 6:53:44 AM
I wait until the reverse split happens before I short it because sometimes stocks under $1 go up for a couple of days, but they always drop and if shares are under $1 they don't always drop as quickly as I want.
TBLT will always drop because they keep raising money to finance their business growth. Its an oxymoron - Toughbuilt business is GREAT, but the stock is terrible. The reason the stock is terrible is because the CEO has never properly financed the business. He always went to traders to raise capital. He never went to investors. Every time he raises money its through a toxic financing.
The CEO owns less that 1% of the company but he doesn't care because between salary and bonus he made $1.4 million last year.
I am sure he gets reimbursement for many things like car allowance, meals and I am sure much more which just adds to the salary and bonus.
He is living his life through salary and bonus which at $1.4 million last year is good, but if he was real smart he would have financed this company differently and he could've had a nice exit strategy when a large company acquired Toughbuilt.
The next reverse split will allow Toughbuilt to stay on nasdaq, which means they can raise more capital which means CEO will make his salary and bonus, which means the business will continue to operate, but retail investors that buy the stock on the open market will lose their investment - AND THAT IS WHY A SHORT IN TBLT IS WELL WORTH IT.
Recent TBLT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:00:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:10:25 PM
- ToughBuilt Industries Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q • GlobeNewswire Inc. • 05/24/2024 08:10:00 PM
- Toughbuilt Industries Announces Receipt of Nasdaq Delinquency Notice • GlobeNewswire Inc. • 04/25/2024 08:05:00 PM
- ToughBuilt Obtains Purchase Order Financing to Fuel Supply Chain and Growth Initiatives • GlobeNewswire Inc. • 04/02/2024 12:30:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 09:38:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 02:13:37 PM
- ToughBuilt Industries Announces Closing of $3.5 Million Public Offering • GlobeNewswire Inc. • 02/16/2024 09:05:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/16/2024 05:01:26 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/16/2024 04:58:58 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:38:38 PM
- ToughBuilt Industries Announces Pricing of $3.5 Million Public Offering • GlobeNewswire Inc. • 02/14/2024 01:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/14/2024 05:15:16 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:14:34 AM
- ToughBuilt Anticipates Positive Operating Cash Flow by Q3 2024 • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:17:06 PM
- ToughBuilt Industries Accelerates Growth with Expanded StackTech® Ecosystem, Targeting $6.8 Billion Market • GlobeNewswire Inc. • 01/31/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 11:30:15 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/26/2024 09:09:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 07:30:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 10:00:28 PM
- ToughBuilt Industries, Inc. Announces Reverse Stock Split • GlobeNewswire Inc. • 12/26/2023 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:33:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:18:43 PM
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM