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justnmirrors

03/12/21 7:07 AM

#46177 RE: mary777 #46173

Have you at least read the most recent Annual report before making that leap?

I did flip out of this Wednesday to add to a higher conviction position and start a new one still on the ground floor..hope I'm wrong here and you charge to the moon, but they don't have cash or significant revenue (or any news indicating a ramping up of customers) to cover operating costs, and admit in the going concern disclosure that they will have to raise additional capital through stock offering(which they can only do through increasing the AS if they don't want to rs)

The two classes of preferred stock having par value of .001 vs .00001 for common, unless I am wrong means the preferred shares convert into commons at a rate of 100 to 1..which could mean billions more in dilution

If they get some solid partnerships and adoption from a big city or two with some clean infrastructure grants, you will be golden, and if I got in early I would be happily riding free shares to see what they can do long term, but they had over $2M in accounts receivable according to the 10Q from 2018 which was the most recent filing before these just up. That would be from the Chicago suburbs news on otcmarkets.com, but unless they got it all in Q4 2018, it just disappeared or they didn't complete the work because there were 0 revenue reported for 2019.

Sorry to bear thesis on your parade, but I don't like what I see yet and a yield sign is still a red flag with filings still missing to get fully current and big hurdles beyond that to be fairly valued anywhere above .00~

GLTA and hope I'm dead wrong
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copytele

03/12/21 7:51 AM

#46180 RE: mary777 #46173

Gap-ness alert