At least there is a greater chance for GBSN to be bought out, given they have multiple FDA approved medical testing products.
52,000 downloads in June, then 30,000 downloads in July after spending hundreds of thousands of dollars in advertisements/investor money.
That is the worst thing that can happen to a company with no revenue and loads of debt, all at the same time the rositano bros. raiding the company funds as their own piggy bank. It's quite laughable that they think they can actually get revenue when downloads decreased significantly after such a expensive ad campaign.
I think it's time to start loading up.
Sentiment: Strong Buy
Will watch for uptrend from here,
Oversold..I'll pick up some here.
Sentiment: Strong Buy
The first phase of advertising failed, now they are going to the second phase of advertising? lol it doesn't make any sense.
Instead of using the $300,000 for improving the app and making it more user friendly with unique features, they are going back to advertising. I don't understand these people at all.
Outstanding shares are not updated on yahoo
New date shows 663 Million shares outstanding and 3.9 million market cap.
honestly, if the downloads didn't go down, I would have probably held my shares,but that was a pretty steep drop in downloads...totally unacceptable
I honestly don't see how much ad revenue a company can get when their downloads get cut in half, month after month..,especially after such an expensive ad campaign.m .I think it's wishful thinking to get a pump out of the stock price. Please correct me if I'm wrong...
These headlines about "designations" are very deceptive. First things first, most of the 30,000 downloads that occurred for July (down from 50,000 downloads in June!) were the unpaid version. And they claim the number one designation for the "paid app" was for ""Australia, lol, these designations change by the minute. something is very fishy about these PRs.
If you look at all the PRs, they always repeat the same deceptive story the day after as well, but in different words. One by marketwired and one by accesswire. With an app, all that matters is user growth and downloads. Downloads got nearly cut in half from June to July even after such a high profile ad campaign. There is negative growth in the app! These are deceptive and false pump pieces designed so rositano bros can dump their shares at the open market.
I could be wrong but with negative growth in downloads....what kind of revenue can you get...I sold my shares at .01. I will watch and see what happens from here...but I can't see myself getting back into this with negative growth
How can CEO be satisfied with these results after spending so much money. We have negative growth in downloads!
52,000 downloads for month of June. Now 30,000 downloads for month of July after all the expansive ads?? That's not good!
Not upset. I believe the PRs are BS, so they can dump shares. The only factor that matters is the monthly downloads. The monthly downloads for last month shows that there was a huge decrease even with the expensive ad campaign.