Replies to post #115225 on Savvy Trades and Investments

[larrybaz]

HOUR - Funny stuff, gilead! I guess that's an alternative source of financing for them. It is a bit unorthodox. Their interest expense looks very manageable, so hopefully they are using them judiciously, possibly paying them off monthly and capitalizing on the rewards.

They also have a $4M related party loan from the CEO/95 percent holder.

[hweb2]

Haha great visual on HOUR. And nice digging on the credit card thing. HOUR does have a slight feel of China scamminess. But that doesn't mean it can't go up (look at the big pop today). And will probably go higher if they hit their guidance.

Did HOUR used to have a different ticker/name? Surprised I haven't looked at this one before. Good find larry!

[jtomm]

HOUR - This is an interesting discussion of a request to partner with them. They left out the hair on fire and credit cards part, but still interesting to see how they operate:

https://sellersasksellers.com/t/ever-heard-of-hour-loop-inc/2256

[BTuna]

The credit card thing just brought back something to mind I dealt with about a year ago. . .I recently became unemployed after working for a horticulture startup co. Long story short, I brokered a "direct from a Chinese factory deal" for some motorized ball valves for three of my former companies' facilities. Met the sales rep through Alibaba, but my company wouldn't pay through Alibaba because they didn't meet our accounting standards. So we did the payment direct to China with, you guessed it, credit cards. 40k worth of valves. I couldn't believe there wasn't another way offering us some protection, maybe HOUR has a similar reason.

The valves turned out to be great, they were unbelievable quality for the price, and I saved my co. close to 100k vs domestic source.