Thanks for your helpful comments. Your perspective is beneficial. I also can understand your sense of frustration. I concur that it seems the recent news was mismanaged. The good thing remains for us that when you peel back the onion, gold prices are the driver and this pause for GSS will likely be just that.... a pause. Given that gold continues its trend up, it's probable that once the GSS engine revs again, the stock could regain some ground pretty fast, making the present discussion a quickly fading memory. All the best and IMO,
I just bought GSS "BECAUSE" of the recent financing deals. I'm a retired accounting professor and retired CPA. I can tell you the balance sheet showed without a doubt that there WAS NOT ample time to wait on the share price to rise. I'm amazed they were able to defer it as long as they did. The current ratio had gotten under .4 and the book value is significantly negative.....however, these equity deals will change all that. GSS need to raise money a while back; I think they did really well to keep things going so that they could get the much better price that they did.
It takes money to make money. Gold is going up and appears to be on the front end of what could be an extended bull run, IMO. Currencies of the world are in the toilet and the U.S. Fed doesn't know what to do; economic data of late is all over the place....monetary games are starting to collapse. Yes, IMO, gold is just starting its rise.
So, IMO, this is the time for GSS to assure its future. Had it been financially healthy, it wouldn't have needed financing at all.....but GSS was desperate per the balance sheet detail; there was no way to stay afloat, much less take advantage of the early raging bull in gold. Now it can do both.....stay afloat and go forward fast. That's why I was buying this past week.
Worrying over the CC is majoring on the minors, IMO.
I can see your mom training you as a child....
Mom, what's that......She says "odd that"
Mom, what's for supper.....She says "odd that"
Mom can I go out and play.....She says "odd that"
Some face stunted growth in this world....you grew up with a stunted vocabulary.
IMO, we just need one more strong quarter in September. Borg's share count will have to be depleted so much by the next report that he becomes a non-factor for the first time since this all started back last November. The CEO hasn't sold a share of his proposed filing from early June. So, I rationally conclude we need one more good report.....if we get it, this thing will finally head up where it belongs, IMO.
I'm thinking that KTCC is putting itself on the block for sale and that it needed the audit done for an interested party. If anyone is courting KTCC, that party does not want audited statements from a year ago. It's just speculation.....but it is a potential explanation for the hurry up. It was not the results today that explain the rushed report. JMO, Hopeful
How does a small company get its auditors to finish within 26 days of the close of the fiscal year?? I'm a retired accounting professor and investor of many years and I've never witnessed a single small company have its annual report completed this early. This is not just several days earlier than KTCC's norm (latish August) but almost a full month. So, yes, it's very early, but as an accountant, I'm more caught by the audit company completing its work this early. They clearly had to manage the audit much differently, getting some of the field work done much earlier than usual.
As I stated before, KTCC does not even get its quarterly reports out this fast......and those reports are not audited. There must have been some reason that motivated KTCC to impress upon auditors a "need" to have this annual report done very early. It's just my opinion but it is based on how unusual this really is. I hope it bodes good for us KTCC investors. Best to all,
ERROR.....I wrote DTII has 170,000 in current assets.....that should be 17,000. It''s 17,000 of current assets against 1,200,000 in current liabilities.
This stock mention is shameful. Even if it shoots to a buck, to offer such a mention shows no regard for the company's financial plight!. DTII has $170,000 in current assets and almost 1.2m in current liabilities in the form of almost 900K in short term debt and the rest in A/P. Further of the 170,000 in current assets, the company has 100 dollars in cash. The current ratio is .01 representing that for each working capital dollar owed, there is but one penny available in current assets and zero cash available (well, the 100 bucks can be seen with a good telescope). Exactly how is the company supposed to provide any product or service whatsoever???? The words to key in on with your post are "story stock" because this is not a viable company. It is complete life support now.
VTSI is not just a story stock....it's a solid financial company meaning it has genuine investment potential. DTII does not in any sense of the words "investment potential."
I was listening to national news today on the very sad Dallas tragedy (and I sincerely mean tragedy). Texas Representative Will Hurd was being interviewed on MSNBC and asked about what can be done. One of his foremost suggestions was for increased police training for active encounters. I find no pleasure in VTSI's increased need due to such events.....none whatsoever because I wish we read about no such occurrences ever. There's little doubt the company's services will be facing ever-increasing demand and that its training is meeting a very real (albeit unfortunate) need. IMO.
Someone would do you a favor to find the people in the white coats who can provide you with a nice padded room and a very tight-fitting customized jacket.
The futures market for gold and silver is crazy again.....of course, the US market is closed tomorrow for the 4th but commodities are trading tonight. Silver was up at one point (about 15 minutes ago) to well over 21/oz....up 8%....and gold up big too. It's subsided a quite a bit for the moment although still up big. Wow; demand is screaming!
Following historical price points, SSRI could (with ups and downs along the way) move to $16.92, then 18.34, 23.90 and 35.94 depending on how the bull market in metals progresses. IMO, Hopeful
Happy 4th to you and your family, Tab. I hope stri will prove a winner and I can feel good saying "you are welcom." I'm excited about VTSI and sure appreciate that mention a long time ago.....it has boosted my numbers nicely. I'm also with you that VTSI is going to keep growing in this environment today.
to over 19/oz. Silver is up tonight well over 2% after a mega day up today.
A director just stepped down in an 8k filed yesterday. I wonder if STRI will cash out.....that would great for shareholders buying at this level, IMO.
P.S. I'm being paid 10% interest for lending my shares. I'm sure my shares are borrowed for shorting. That's pretty brash to pay 10% interest, IMO....shows no fear of shorting down here. I hope DCTH can produce some results to make the shorts aggressive buyers to cover before too long but I'm not holding my breath.