The stock has massively outperformed the market for the 1, 2 and 5 year periods. The 10 year, not so much.
The bottom line is the deal was a good one. And Instead of $13.10, I think we'd be at $7-7.50 right now if it wasn't for the reverse split.
But maybe Blake insisted on it not being under $5.
These guys are worried about their ongoing business. Plus, the money is saving us some interest while they wait. I have no problem with them waiting for the IRS response.
The ongoing business is worth a lot more than the Jamul dividend. That's what we need to focus on.
And you can always sell some shares if you require cash now.
The interest isn't going to mgmt., its going to the entire company. And the interest cant be material at 1% or whatever. But if it saves us from paying 6-8% on borrowings its worth more.
I wont get the distribution on those shares. Oh well.
Pleased that we finally have some liquidity here at a nice profit.
Its been a long wait.
I think the stock could continue higher. I hope so.
Full of hatred. But the fact remains that only one of us owns or purports to own a pinksheeter with 14 consecutive years of GOING CONCERN CLAUSES.
Well, I actually own some of it too but am immaterial amount.
Im fairly certain pinksheeters are shortable. Not for people like you of course but for professional investors like myself. But, no worries. I don't short, my account is not even set up to short.
The only thing you have to fear is the reality that this company will never ever have material revenues let alone turn a profit. Its only been 14 years. I know, you have to give them at least 25 years for material revenue right ?
Where can I buy the odor no more cat liter additive ? I hear its the next big thing. High tech and all.
avoid companies with the following attributes:
Constant share dilution or preferred stock issuances
In many small company annual reports there is a section towards the top detailing the capital structure. There are a number of these companies that have lists of issuances dating back years, or preferred stock outstanding that is iterated into the N's, O's and P's of the alphabet. If you see this move on. The company is surviving on outside investor capital. You are their business model.
Companies paying for services in stock
This is usually closely tied to constant dilution, but sometimes it isn't. Equity capital is the most valuable capital a company can have. If management has determined that they're willing to hand out shares to newsletters, ad agencies and websites for the equivalent of a Google Ad mention it gives investors good idea of how valuable management believes their shares are. If management treats their equity like toilet paper then the equity is probably as valuable as toilet paper.
Constant name changes
When a business formerly named "Southern California Hot Dogs" changes their name to "BioHealth Sciences" and then "EcoWater Tech" you know you have a winner on your hands. Companies like this usually have a world changing invention that they refuse to demo as well. Avoid companies that use "enterprises" in their name, or ones that have faux fancy names. "The Park Avenue Warehouse Holdings" sounds fancy until you see they're located in Des Moines, Iowa and they own Wendy's franchises.
How many bought in private placements ?
I doubt hardly anybody bought in the open market.
Here is a wager...2 years...the stock will be at least 20% lower than the current 42 cents.
I think under 10 cents is possible.
Shorting is not practical otherwise, I would short the puke out of this because I believe its a zero.
Maybe after their next reverse split. If it falls to 10 cents, they can do yet another reverse split.
Nothing new under the sun with these clowns.
All posts on a worthless penny stock with 14 consecutive years of losses.
I own and post on dozens of stocks. This clown posts on ONE. Why ? Because I believe he is being compensated to tout. And his failure to disclose that is called SECURITIES FRAUD.
14 consecutive years of massive losses, 14 consecutive years of a GOING CONCERN CLAUSE. Massive hiring of paid touts.Technology is BS in my opinion. A few years ago they were touting odor no more cat litter additive. Really.Theres a reason they never have any revenue to speak of. Its a company designed to reward its executives with no work salaries. (In my opinion)I think their 14 year track record speaks very loudly. Read the SEC filings. Dont read the hype.
No worries. I believe $18 is in our future. Might take a couple years.
Money markets pay around 1%. 18 Month CD is 1.4%. 60 month CD about 2.05%.
RCKY yields 3.86% so if we only get the dividend for 5 years, that beats a CD.
Closed at 34.1 cents.
There will always be big open market dumping because they always sells shares below market.
Buy in private placements, sell in the open market. Rinse & repeat. 14 years of it.
Only suckers pay retail.
Anger ? Ive watched these guys mislead people for 14 straight years.
I will short it if it goes to $1. I don't think it ever will.
In fact, I wager they never earn a dime in the next 6 years. That will make it 20 consecutive years of failure.
When he passes, he can hand the reins over to his son. Why work when you can fabricate technologies ? (In my opinion, they have nothing of value)
I suspect this one will be too.
Immaterial= not requiring an 8k. But, even an 8k doesn't make it material.
This is yet another full of sound & fury signifying nothing.
14 consecutive years of massive losses and 14 consecutive years of a GOING CONCERN CLAUSE.
SMH at the regulation.
Yields nearly 10% however, they aren't making money. But they have enough cash to pay dividends for 3-4 years anyway. And hopefully by then maybe the company will be sold or something.
More upside than LOAN.
They are just here to scam you.
Go ahead, buy the stock. Wont hurt my feelings.
I could cash out of another 10% over a year. Probably need to rid myself of this chronic underperfomer.
The 33.9% in the tender is a nice start.