Yeah, Harry. For people buying this stock these 'few bucks' is a lot of money. Oh, by the way, I see someone unloaded nearly 20,000 shares. Stock reacted and closed at the low of the day making ANOTHER all time LOW! I wonder how much this person had in the stock? Probably a devastating loss but got something knowing this is going to $ 0.00. This LOSER got as high as $12 per share when this facade was commenced (pre reverse). Now it's 5.8 cents per share. Wow!
Does one need any more examples of why this stock is a LOSER? Today, with less than 3 hours trading someone (or more)bought less than 300 shares and the stock pops almost 10%. Yes, that's right! 10% on less than 300 shares worth collectively about $ 210!!!!!!!!! $ 210........This is why you AVOID loser stocks like this. You can get killed even shorting a LOSER like this....
Now, today illustrates what a 'small float' entails and when there is NO interest among traders with this company. Today, a TOTAL of 2,400 shares on the BUY side creates an upside of over 8+% today. To demonstrate another way to look at this, this 2,400 shares equates to a 'whopping' $1,656 approximately total buy side for the ENTIRE day. So, $1,656 TOTAL gives current investors (a term used very loosely here) an 8+% upside. I guess it's good for the ego....
but NOTHING else.....Perhaps, all existing shareholders should issue say $1,000 orders and create substantial upside. Maybe you can get the stock above $1 again before NASDAQ issues the dreadful warning and eventual delisting.
A troll trolling a troll. Even a message board about Swisher is beyond absurd. How long before pmdkia chimes in to fight with his imitator?
Thanks for the vote of confidence, PMK. Can you share anything about the national accounts? I heard they have signed a large assisted-living account. I have been seeing more Swisher logos. One was in a highend steak and seafood account in Texas and Florida. Another at a Texmex chain with about 40 stores. Definitely making progress.
When is it not a good time to buy?
Do you see them releasing financials?
Name one national account that they have closed in the past 6 months? (they have lost several which I can name)
How do they plan to reduce the 100k they are still losing weekly?
Who in this industry (that has any talent whatsoever) did they hire in the past 3 years?
How will them fund their debt and losses over the next 6 weeks, and if they can't then who will pay the employees?
The bottom line is you should have gotten out of this a long time ago.
Sentiment: Strong Sell
Now is the time to buy. Huge national accounts being closed. Expenses have been cut and this stock is on it's way up. Ignore all the paid bashes and shorts. Swisher is about to explode. In a good way. Pennies make dollars.
Sentiment: Strong Buy
Not entirely irrelevant. My point was if Swisher's lease ends for some reason, the building/equipment, is still going to making product for someone. If ex Mt Hood folks get back into the business, or another local company needs a production facility. The Mount Hood reputation vs Swisher's reputation in the NW, it makes no difference who owns the entity, Swisher will not retain ANY of the business, and not have a base of operations in the NW.
But that could be said of other areas too.
What would you think of a stock that had $4,900 TOTAL on the BUY side for the ENTIRE day? Well, this is what happened with this LOSER. That was the ENTIRE day of BUY trading. That's about 7,000 shares TOTAL! Incredible!
Sentiment: Strong Sell
SWSH owns Mt. Hood, the entity, which is what has the value. Who owns the buildings they occupy is irrelevant. They are likely paying way too much for rent, those con artists have to make money somewhere!
Swisher did the same in Chicago and in NJ. Investors really are not that intelligent people. A lot of their employees were not too smart either. Giving up stability for empty promises.
"Mt Hood" is not owned by Swisher!
Check the business name registration.
The building and all the equipment are all leased to Swisher.
I can imagine a couple different scenarios that don't include the blessing of Swisher or the SEC.
Almyette is partially correct here. MT. Hood does have some value. However, that value is connected to the entire Swisher package and they are unwilling to see off parts of the company (to former owners or anyone else). The mentality is basically all or none. Meaning, if they sell off MT. Hood then they are conceding that they are not a national company and they would have to close up shop within a couple of weeks. If they keep MT. Hood then they are drowning that asset into bankruptcy along with their entire company.
I am not sure how clear I come across here, but the point is that if they broke off 10 to 15 different sections, then their value would be more than 12 million. But if they sell off just one piece then they are essentially selling the company for that price.
You have to remember that some talented reps here are just waiting to take their business elsewhere once the non-compete is no longer a threat (even though it already isn't a threat because they cannot enforce it).
The techs will get hit the hardest because they will be out of a job or need to take a drastic pay cut.
The correct thing to do now is to put the entire company up for sale in sections so that they sell it all off at once to many different buyers. But they won't do that because management wants to milk every last cent.
Sentiment: Strong Sell
If Mt. Hood were so valuable, they would have had no problem spinning it off already. It isn't worth ANYTHING unless someone buys it. Good luck with the SEC going along with it being sold off, without also taking on its share of accumulated corporate debt. Add that in, and it doesn't look so shiny now! If Mt. Hood does gets another new owner soon, those inbred Oregonians are going be at their last straw, and fleeing too.
Ecolab isn't just standing on the sidelines. They are blitzing every one of SWSH customers every day, promising better service and results. They long ago stole anyone worth taking.
The reason its all doom and gloom, is because its all doom and gloom.
There are some assets remaining here, but I think its obvious any potential buyers are waiting for the BK fire sale!
Hey guys...you already have this company going to bankruptcy within 30 to 60 days. Mt Hood alone is worth more than the market cap of this company. I used to buy their chemicals. I'm not the arguing type, but all I hear is negative, negative all day long. I know why, but come on give it a rest already. BOL. Might as well hang in there and see what happens. Good luck, we are going to need it!
July 6 was last day SWSH traded above $1/share. 30 business days from then is Aug. 18, 3 days after Q2 earnings release. THIS FROM NASDAQ: If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements. Thereafter, if such a company does not regain compliance with the bid price requirement a second 180-day compliance period may be available. A company listed on the Nasdaq Capital Market may be eligible for an additional 180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary. Similarly, if a company listed on the Nasdaq Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to the Nasdaq Capital Market, so as to take advantage of the additional compliance period offered on that market. Such a company must meet the $1 million market value of publicly held shares requirement for continued listing, and all other requirements for initial listing on the Nasdaq Capital Market (except for the bid price requirement), and provide written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.
With numerous people in key positions leaving and customers leaving as well, I can't imagine this company being around through the end of the year. The only reason they had cash was due to the sale of a chunk of the company. They are bleeding cash. When you look at the stock price, calculating the reverse stock split last year, it is currently trading at about $0.07. There are plenty of reasons for that. Selling of part of the company and manipulating the stock price is just putting lipstick on a pig. Run far and run fast.