There are 3 insiders that have invested $250,000,$640,000 and $5.5 million. These buys occurred at .365 and .44 so that is the company executives putting their money where their mouth's are so to speak. The more I look the better I like this company at least the insiders have something to lose and when that is the case they work harder to make a successful company. I will buy a lot more and not sweat the dips if they occur, if they believe in the company so will I. As always just my opinion
And 850,000 shares bought by insiders and only one is a option exercise! And one sell @ 50,000 shares it does appear we go up from here!
I suppose that is a good thing!
I thought it was a mistake but it does not appear to be. Wow that would be a horrible investment, I will trade .035c for 2.5 million any takers ha!
With all the recent news wouldn't one think this would already be much higher, what is it going to take to move this. Just wondering what your thoughts on that are!
But I might jump in!
I mean when the ask is over 100% of the bid, that to me is just so strange you would think they could make more having the ratios closer and the volume higher. That's what I would think anyway, but I guess they do have way more experience than me in the game.
Really no I was not aware of that, but still the company does have the chance to make it. I know all stocks this cheap are a risk but I believe the potential reward could be there
Oh really I read the 10Q and am and have an accounting degree, their allowance for doubtful accounts is 0. Which means they collect all accounts receivables but good try. For a .36 stock you show me another company with exponential sales, and is as financially as sound as them. A year ago their sales sucked now they do not your missing the picture. I could be wrong but I believe in this one and nothing is certain but this has a better than average chance for the price it could make some rich. For that reason investors will follow. As always just my opinion
Check the balance sheet they still have more current assets than all liabilities so they are still funding their "so called" massive losses.
Ok now that they finally f*****g posted, The cash burn is attributed to putting in high end vending machines, these machines will only incur a cost once. Why do you think Zacks even covers a penny stock. Revenue growing, gross margins growing and this has an opportunity to become a real company. I bet with in a year from now I will be laughing all the way to the bank, bet on it
Yes I did but you also have to consider it costs money to put in the self automated machines but once they are installed that cost is over with.
After just going through their books, they are quite financially sound for a lower price stock. Just their current assets could take care of all their liabilities twice. I do not know when they will pop but this is a buy and hold. Got a great product sales are growing exponentially, and plenty of cash to stay in business. They got the golden three and that is hard to find in such a small priced stock.
Jamn quarter over quarter sales are incredible this has the potential to be a real company!
Lexg has 0 in revenues for several quarters their books are way worse and yet their market cap is double that's the market for you.