OMG, the chart looks so ripe for the take down. Only clown heads buy the top.
Sentiment: Strong Sell
It will not hold $9.00, i can guarantee you that. All the Wall Street firms are shorting the snot out of it.
Sentiment: Strong Sell
We'll see about that, gatoraid. Enjoy your one day in the sun, because it's all downhill from here. Shorts got great entry point today -- right in your #$%$!!!!!!!!!
Sentiment: Strong Buy
I guess I am the only one who wasn't surprised by the success of Robocop. Everybody in the world loves Robocop. But Eterrnity Warriors? Never heard of it until I researched GLUU.
At prices below $.40, it would make sense for the company to authorize a massive share buyback plan. With their current cash flow, they could easily buy back 2+ million shares per quarter at these prices. The resulting reduction in sharecount would increase the price of the stock, and eventualy qualify for Nasdaq uplisting without doing a reverse split. It might take quite a while, but it would put them on definite path to success and increased investor awareness.
$1.00 is the minumim bid requirement for CONTINUED listing. That is, for stocks that are already listed on the NASDAQ, they must maintain a bid price of $1.00 to remain listed.
TALON, on the other hand, is presently concerened with INITIAL listing requiremets. And I discovered a change in Nasdaq: the minimum bid requirement for initial lsiting is now $4.00, and not $5.00 as i had previosuly thought. This means the stock has to maintain a $.20 bid to comply with Nasdaq initial listing (post 1-20 split).
By the way, I had a bid in to buy a small amount of shares at $.25 today. But I could not get filled, even though trades were crossing at $.2403. This is just one problem with OTCBB stocks. And it is why the company is seeking uplisting.
They won't be able to uplist to Nasdaq or AMEX without doing a reverse spit. It's just the basic facts.
Be careful what you wish for. A mature company would imply a P/S ratio of no more than .70. And as the company gets huge, each additional acquisition will have less and less impact on their revenue growth rate. You had to be in this thing early to catch the growth euphoria. When Mr. Market wakes up one day and decides most of the growth is priced in, there will be no warning sound.
I think they have a year to do the reverse split from the time the plans were announced. In the meantime, i think the stock needs to maintain a minimum bid price of $.25 in order to meet the uplisting requirement for Nasdaq (which would be $5.00 post-split, or $.25 pre-split based on their maximum allowable reverse of 1-20). And since Lonnie said on the conference call that the purpose of the reverse split is to attain uplisting, then it makes sense that they would only do the reverse split if they can meet the uplisting requirements (which would imply the stock keeps a minimum bid of $.25). It's interesting to note that the stock has been fighting to hold that $.25 support level, although this could just be coincidence.
The news is out, and it's good. No dilution. Looks like a green light for growth.
I don't know, but you should forward your findings to Glu mangement so they can take appropriate action.
Just recently, I've been seeing TV commercials for two very popular mobile games: Candy Crush Saga, and Clash of Clans. Has anyone seen any TV spots for Deer Hunter or EW3? Just curious. Thanks.
Look at the recent investor presentation on the XPO website. Go to slide 26, you will see that the fully diluted sharecount stands at 57.9 million shares:
Common Stock Equivalent Capitalization as of 9/30/13
Common Shares 29.9 million
Preferred Shares 10.6 million
Warrants (Strike Price $7 per share) 10.7 million (7.3 million dilutive)
Convertible Senior Notes 8.7 million shares
Stock Options and RSUs 1.3 million shares dilutive
Fully Diluted Shares Outstanding 57.9 million shares
In a previous slide, management states that the annual revenue run rate will be $2 billion after the acqusiition of Pacer. At today's shareprice, this equates to a P/S ratio of .87. Compare this to CH Robinson, a large profitable truck logistic with a P/S ratio of 0.7. Personally, I could not pay a forward P/S on this thing greater than 0.6. This would mean a maximum shareprice of $21. Who's paying over $30? It's as if the laws of finance have been suspended for this stock, and their capital structure (including 58 million fully diluted shares) is not relevant to investors. Simply amazing.
At any rate, congratulations to the long-time bulls who have had the nerve to hold on for the perilous ride. If I had known the market would totally ignore the rate of dilution, I would not have sold out under $20. But as they say, hindsight is 20/20. Congratulations to the winners.
Interesting analogy with RAD. I agree a move to NASDAQ would create more investor interest, as would steadily increasing revenue. But I thought their last quarterly report was actually pretty good, and it did not warrant a selloff of any degree. Adding to the mystery, is the fact that the stock really began to plummet immediately following a post-earnings investor conference (LD MIcro-Cap). So I am left to conclude that buyers are waiting to see how the promissary note is cleared by the January 12 deadline - whether it involves more dilution or a bank loan. I have a feeling that once this veil is lifted, we could see a relief rally.
The bun was moist and mushy and there was hardly any beef. And the "spicy" ingredients were not spicy at all. Nobody is going to order this gargbage a second time. Nobody! Even White Castle has better quality burger than this. Epic fail.
Sentiment: Strong Sell
The slow march to $.05 is well under way. In a few months, when it becomes clear that this stock will be delisted from NASDAQ due to failure to maintain the $1.00 minimum bid listing requirement, then investers will really start start leaving in droves. As for now, only the smart ones are able to read the tea leaves and bail before the real pain begins.
Thanks for the feedback, birjar2. You've done your homework it seems, and yet this is the first we've heard from you. I wonder what you make of the recent weakness in stock price - whether it's related to the impending debt restructuring (dilution?) coming in January, or profit taking, or something other. Take care, and Happy New Year!