Where did you get that info?
By last qtr I assume you mean 2nd qtr ended Jun 30th as in the 3rd qtr ended Sep 30 it never traded at $1.41 and for most of the time in the $1.20's and lower.
Hard to believe that they could have avg'd $1.41 in the second qtr unless they only bought during a small window of about 15 days when the stock traded above $1.40
Talk without documentation and full disclosure of costs etc means nothing to me. Nothing posted in words that I can find on Edgar or Sedar. If it was a material thing to the company it should be mentioned in the annual report. NOT.
My concern is why not? If this is a winner which it could be why is it being kept out of filings. Are they keeping it down so they can have several more dutch auctions and pull in more cheap shares. I said a long time ago that the game plan is eventually get the OS shares to a point where existing Management can put together a buyout and take it private, then a couple of years later sell out.
Just to be sure I went and grabbed pdf of annual report and did a search for TING, Nada
What the hell is going on just because it was launched after 2011 it doesn't get a mention?
Deferred Revenue is a simple but complex accounting term. Simple because the nut is it refers to all the Revenue paid to the company with respect to in Tucow's case prepaid domain and related fees that have not yet been earned. Complex because it can be difficult to determine the health of the company because if they don't have the cash or other assets to cover future expenses should the situation change they could be up the creek without a paddle. In Tucows situation it has been going on for years and in the past they have squandered the funds on investments that didn't work out.
Ting is the best investment they have got into in years and unlike some other follies doesn't appear to have been bought at a ridiculous price.
Looking at the recent earnings it is important to realize that TING only seems to have provided a small portion of the net earnings. Retail which includes TING is up only about 650,000 in revenue and the net after expenses year over year is up about 144,000. If one looks at the change from last qtr to this qtr results to me are not that great for TING but it is difficult to break out the results for this new service as they changed their reporting method this qtr from last.
Nice to see the strong cash flow number and earnings increase though and while I have been hoping to buy back the shares I sold below a buck this stock may not fall that much now the news is out. Its to bad its such a bad market
And you want to tell us what the short position is that will do this fantastic price jump.
I think their are less than 50,000 shares short for any real effect to happen you would need about 10-20% of the float
Well Rocket man I have been in this stock since 2008 when I bought a big position at prices from .25 -.35 My cost basis is very low and I have sold on occasion and repurchased on pullbacks.
I have been investing long enough to know that stocks don't keep going up and away without pullbacks, but you never know so better to keep a solid core position take profits from time to time and get back in if the opportunity arises.
You will note that I said HOPE to buy back!! Hey they could project fantastic future profits when earnings are reported (not likely as insiders want to keep buying back the stock so they will be tempered on what they say about the future) and if it goes back up before my bid that's fine as I will make even more money on what I kept.
And young Ryancanady keep on investing, just make sure you are doing some DD, making decisions without to much emotion on the hype that gets generated. I personally don't agree with buying odd lots of low priced shares as you usually have to take what the MM wants to give you. With a board lot he has to fill you at your bid/ask before dealing with someone below your bid or above your ask. So you should stick to multiples of 100 shs for best pricing and always keep in mind the commission paid to buy and sell.
Good luck with your investments.
The stock closed at 1.33 yesterday so today if you had put in your sell order at $1.33 before the opening the MM would have had to fill your ask before he could sell it at a higher price which was done on numerous occasions this a.m.
At least 11000 shares have traded today above yesterdays close.
Its amateur hour again on this board what price did you try to get? Put in a reasonable price and then go away you probably will be out at the end of the day.
My take is the stock is currently trending down with those looking at sweet profits and just in for the momentum play looking to bail before the earnings which I assure you will not support the current price. If Ting is the real thing which it looks like it might be then those with longer term outlook 2-3 qtrs away should stay in.
I am a long term holder and have sold half which I hope to buy back under a buck.
Just put in an order at the price you want. If it trades above your price you will be out simple as that. The MM likes to try to control the market but if you pick your price and it goes above it then you will be gone.
I think a lot of small time buyers/sellers try to get the bid or ask and they only get filled when the price trades above or below their price target.
I did that back at .88 now wish I had held off. Over the past few years I have always been able to buy back my shares a dime cheaper than I sold them at. This time I am not so sure. This Ting thing is the most exciting new concept these guys have had in years. Every other venture was destined to just lose money, this one might lose money but investors will be excited by it.
Insider Overview :: Tucows Inc. (T:TC) [?]
Log in or sign up for an account to add this stock to your watch list.
Holdings trends & enhanced charts available in PDF report. Click here for details »
Filings by Transaction Date
Filings by Filing Date
Filings by Insider
Latest 10 SEDI filings (by transaction date) for TC within the last 6 months [?]
[Amended Filing] Amended Filing
As of 11:59pm ET February 16th, 2012
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Unit
Feb 2/12 Jan 26/12 Ralls, Rawleigh Hazen Indirect Ownership Common Shares 10 - Disposition in the public market -4,120,465 $0.770
Feb 2/12 Dec 26/11 Ralls, Rawleigh Hazen Indirect Ownership Common Shares 10 - Disposition in the public market -157,470 $0.770
Dec 20/11 Dec 16/11 Ralls, Rawleigh Hazen Indirect Ownership Common Shares 10 - Disposition in the public market -500,000 $0.750
Sep 15/11 Sep 14/11 Woroch, David John Direct Ownership Common Shares 10 - Acquisition in the public market 8,792 $0.750
Sep 8/11 Sep 6/11 Karp, Allen Direct Ownership Options 50 - Grant of options 37,500 $0.750
Sep 8/11 Sep 6/11 Stern, Stanley Bezalel Direct Ownership Options 50 - Grant of options 27,500 $0.750
Sep 8/11 Sep 6/11 Schwartz, Jeffrey Direct Ownership Options 50 - Grant of options 37,500 $0.750
Sep 8/11 Sep 6/11 Ralls, Rawleigh Hazen Direct Ownership Options 50 - Grant of options 20,000 $0.750
Sep 8/11 Sep 6/11 Morrisett, Lloyd N. Direct Ownership Options 50 - Grant of options 37,500 $0.750
Sep 8/11 Sep 6/11 Ito, Joichi Direct Ownership Options 50 - Grant of options 20,000 $0.750
Sign up for an account or login above to see all SEDI filings within the past 6 months.
Tucows Inc. Insider Report Only $20.00
Meaningless noise and should be ignored as it as no impact on the stock.
Probably a means of booking a profit to apply against some losses prior to year end.
So the past 2 dutch auctions have provided long term holders the opportunity to sell their shares at .70 and repurchase at .67 for a 4.25% gain or 9% overall. I have followed this and will continue to put all my shares forward in any future dutch auctions.
I have held a long time and my average cost is now below .30 from buying and selling over the years.
Personally I could care less if I owned or didn't own my shares (mid 5 figures) and if they get bought out and I cannot purchase back for about a 4% discount then to bad.
I have become totally disenchanted with the company due to the go mistakes made by management purchasing crap companies when all they had to do was stick to the core business making lots of money and buying up other registrars and dominating the industry.
They now seem to recognize that the business can earn lots of cash flow and have a plan to steadily move out the smaller shareholder and eventually privatize. Every dutch auction or open market repurchase increases along with option grants increases control by management and friends. They have reduced total outstanding shares over 10% so far this year while options have increased their holding about 1.5%
I still would recommend purchase in the below .70 range provided you have some tolerance for risk, as a decent reward is possible going forward. Risk is still there however as there is always the possibility Noss and Cooperman (who I believe are bright guys) could still get carried away and make another stupid investment as in the past.
Put on your calendar & check Edgar once a week.
It amazes me how people put significant change into a penny stock and don't follow it fully.
I don't [post much on here anymore but still follow. The companies share price should steadily improve as long as they don't buy any more crappy companies to stoke their egos about getting larger. Those expected this company to trade based on multiple of earnings will probably be disappointed. It is very likely to trade on a multiple of cash flow somewhere between 6-10 times/share IMO
So the market maker manipulated this stock to close at .40
Give us a break from such nonsense.
It trades 20,000 shares all day, over 13,000 of which happened in the last 4 minutes. Face facts nobody really wants to buy this pig except the company and insiders. I am surprised that with someone wanting to sell that much stock with so little interest the MM didn't take it down to .38 or lower.
Kalafella you need to check your facts. Bad for someone that has been around here a while.
They haven't purchased any shares on the open market last purchase was the last dutch auction.
Any repurchases are treated like an insider and they are cancelled after purchase. Whether they are bought on amex or Toronto exchange they get reported here
After reading 14 posts with little if any value over 2 days I put this jerk on ignore, hopefully others will do the same and he will calm down.
To much crap already on this board.
Todays announcement of the hiring of MKR Group for Investor Relations shows me that Management is concerned by the recent purchases by Platinum group.
The recent initial insider report shows purchases for past 60 days of 2,262,679 shs for $1,667,756.49 or an avg price of .737 per share. It also shows their total holdings were 3,694,306 meaning they already owned 1,431,627 shares and these were most likely purchased at a much higher price. I am guessing that as they started purchasing almost daily at beginning of November that their average price on their original holding was possibly at least .90 per share. This would mean their average price so far for shares is above .80
What does this mean to us retail holders.
Well this Platinum bunch seem to have a history of pressing companies acquired to create value. I am pretty sure they probably will have purchased more shares and this should soon be shown in filings if they have.
This hiring of MKR group indicates some concern on Tucows part and they have never shown concern for the shareholders in the past.
Bottom line is don't sell your shares and some might want to double down at this point which I believe should be close to the bottom. Tax loss selling will be over soon and the remaining shareholders will have little reason to sell.
Further to my msg these are their share purchases
List to long to post. link to edgar here