I don't see it being ahead of itself at all, the stock has actually traded very well building support along the way. Now I will say I would prefer it to base a little at .02 before attacking the first gap to build more support but this is not a momo P&D type play.
This play is a full blown reversal that is just starting as people start to take notice. People were holding off as most were waiting for the last of the converts to be sold into the market after the news of final conversions. this is what will saw when it pulled back to the .009's where you saw tremendous buying and accumulation.
The CEO seems very intelligent of the market and what it takes to make a company attrative to shareholders as well as creditors. I think the fact that she is an accountant by trade helps with this as being one myself I have worked on many different sides of the finance world which gives you great insight as to how things work.
I think she is going to be one of the few that used toxic debt to actually build a business and achieve revenues.
AS people have stated, the price was in the .30's as recent as October when the debt sprial commenced. But look at what we have now.
-O/S is 300M, the float is 250M. At .02 that's market cap of $6M
- This will uplist to OTCQB status shortly, which is why we saw the form 3 followed by the share conversion. Getting all filings and items in order for clean uplist.
- CEO traded in common shares that could be sold into the market for preferred shares that are restricted, and she didn't give herself some wild conversion of 10 to 1, she kept her same share structure taking 150M shares into 50M preferred as a concersion of 3 to 1. This is unheard of and cannot stress how much this shows she is for real about shareholder value.
- After the 2nd quarter 10Q via the PR dated 1/13 she raised the revenue guidance for the full year 2016. the guidance she put forth was already $2.7M to $3.3M which is great in and of itself. She raised it to $3.5M to $4.5M. Their year end for 2016 is May 31st, 2017. there was no reason for her to raise the guidance by 30% unless she knows what it is coming.
So let's add all of the pieces together. She was willing to take away 150M of her 200M shares that she would be have able to sell at will for preferred shares that are locked for a year. She raised revenue guidance with 2Q's left in the year knowing that Amazon launch is happening in April. Now nothing is a given in business and particaulrly the OTC but I think she is close enough now that she knows she can pull it off.
This is what's going to happen
- Uplist in next 30 days
-3Q report showing improved balance sheet and increased revenues
- PR about Amazon
- Financing news that is none dilutive as she will be able to leverage the revenue's/PO's from Amazon
- 10k showing $3.5M to $4.5M in revenues
If all of these pieces can come together and she throws out 2017 guidance that is say $5M to $8M, becomes cash flow positive and turns a profit, the sky's the limit.
The key is all of the above combined with such a low float. This is not getting ahead of itself at all. people are just starting to see the big picture and realize this could be the biggest runner of 2017 is all of this falls into place. This is truely a 1 in a million OTC stock with what it has in place.
GLED wasn't loading subpenny for nothing and happily sitting in the ask at .09.
Big props to Cheds for spreading the word and getting me to stumble across the gem
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