because I have trolls on ignore. soon you will be on my ignore list as you have failed to put together a meaningful post in all your time here. You have no shares of the company and have never held shares, why are you here other than to be a troll?
6) departures of key personnel
7) deteriorating balance sheet
8) production and technical issues
9) no ability to scale roll outs
10) lack of technology partners to make the product a true enterprise solution
PCGS Currency used to be a subsidiary of CLCT but was sold to Jason Bradford (K3B, Inc). He pays a small fee to CLCT to keep the name. I think the fee is $50K/yr. Not worth the dilution of the PCGS name especially since PCGS is now doing currency in Asia.
Collectors Universe, Inc. v. K3B, Inc
Filed: July 6, 2015 as 8:2015cv01069
Plaintiff: Collectors Universe, Inc.
Defendant: K3B, Inc - Jason Bradford
Court: Ninth Circuit › California › California Central District Court
Type: Contract › Contract: Other
I thought the Gossage post of a 20% return seemed to be their "declare victory" speech. It has gone up almost everyday since then. The NYC and Chicago quarter close medallion prices are fairly close to what they were in the previous quarter. So this quarter will not have a huge write down. As such, profits will be good, and the dividend will probably be 25c again
Hillary is running on an anti-Uber work platform
and just think, those 3.3M+ shorts have no way to cover. So your shilling is going to cost lots of people money. Longs hate you. Shorts will soon hate you. I'd watch your back. People have wound up with cement shoes for less.
the fee is actually a percentage of actual currency revenue. Here are the totals by year:
CLCT sold the currency division in Feb 2009 for $354K, paid in installments over a few years. The installments were $50K. The license fee is in addition to the installments which are now completed.
According to the currency principal, he has a signed agreement through 2028
just out today:
TotalTrax Announces Launch of New Software and Hardware
Posted by Phil Van Wormer on Jul 14, 2015 12:30:00 AM
Looks like it now does what IDSY has done for years.
the new product now has cellular as well as WLAN/WiFi. Looks like these guys are a couple of years behind IDSY. Now if their product comes out bug free...
WalMart is in the process of spending millions upgrading their IDSY system. They aren't going anywhere. Raymond has a history of wild fluctuations. Your analysis is pedantic and off the mark. It is clear that TotalTrax is years behind. A 47 person company isn't going to take over the world. Welcome to 2010 TotalTrax. What took you so long? Now hire someone to update your website and get that up to 2010 as well.
No wonder his wife won't take his last name. She went to college and is ashamed of him. She really married beneath herself
and let's be real about the whole thing: maybe the technology is just not worth it to companies. So what they save a forklift or two or some maintenance. Probably not enough to move the needle in most orgs.
Still, the New York Supreme Court said last month that Citigroup’s retail subsidiary could seize 89 medallions, valued at $31.5 million, from taxi tycoon Evgeny “Gene” Freidman, who buys medallions through companies with names like Bombshell Taxi and Vodka Taxi. Andrew Brent, a Citigroup spokesman, said legal action is “a last resort” and only comes after “repeated attempts” to help clients.
Freidman, who says he “bleeds yellow” for New York City, has called on regulators to better shield the city’s taxi industry from the threat of companies like Uber. “New York must stand up to the hostile takeover being attempted by a Mafia-like Silicon Valley, in conjunction with predator banks,” Freidman said in a statement last month.
An Uber spokeswoman declined to comment.
Ethan Gerber, executive director of the Greater New York Taxi Association, said Freidman and Citigroup have resolved conflicts over 43 of the 89 medallions. A final hearing for the case is scheduled for Aug. 6. “We have more of a problem with the lenders than we actually do with this revenue stream,” Gerber said. “The medallions are still profitable. They’re still getting drivers out. They’re still making money.”