Easy to spot his mental illness.
I do believe you might FINALLY be getting it.
Your words, not mine. (flim-flam)
I owned this stock going back 5 years before the current guy who has a 13 year track record of massive losses & nearly no revenues. They went thru a half dozen other pipedream businesses that never made money or had material revenues.
They had a massive reserve split and nearly every moron who bought the stock in the open market has lost a lot of money.
The have connections with numerous dubious characters.
Mark Roy Anderson is their mentor and he is in federal prison.
You think a CEO that has lost money for shareholders for 13 straight years has a sparkling record ?
In my learned opinion, the entire company exists to sell shares to suckers.
Beats a real job.
Or maybe you really think he just needs a few more decades and he really will strike it rich ?
Look up Mark Roy Anderson. Look up Augustine Fund.
Augustine has been involved in dozens of scams over the years. Anderson is in prison.
I really believe this company exists to separate people from their money. The only reason they haven't been shut down is they are pretty good at disclosing EVERYTHING they do.
its all there in the sec filings.I guess regulators figure if you are too stupid to learn how they have always operated you deserve to lose your money .Their past 13 years document a STAGGERING amount of losses.
I have no doubt they will never earn a profit unless they start cooking the books. Which you can never rule out.
I would bet my right arm that they never have material revenues from the water filter.
Whatever "serious research" you did was woefully inadequate.
13 years shows a pattern of failure and a pattern of deception.
I really don't have the time or patience to teach you what you need to know but trust me when I say there is a 99% chance you lose money holding this stock.
13 years, never profitable, nearly no revenue. Multiple changing businesses. Always issuing shares like they grow on trees.
They are SUING me for telling the truth about them.
They are trying that is. Apparently getting a process served is above their level of competence.
They have no chance at winning the SLAPP.
A strategic lawsuit against public participation (SLAPP) is a lawsuit that is intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition.
The typical SLAPP plaintiff does not normally expect to win the lawsuit. The plaintiff's goals are accomplished if the defendant succumbs to fear, intimidation, mounting legal costs or simple exhaustion and abandons the criticism. In some cases, repeated frivolous litigation against a defendant may raise the cost of directors and officers liability insurance for that party, interfering with an organization's ability to operate. A SLAPP may also intimidate others from participating in the debate. A SLAPP is often preceded by a legal threat. The difficulty is that plaintiffs do not present themselves to the Court admitting that their intent is to censor, intimidate or silence their critics.
99% of the people that paid retail for this stock in the last 13 years have lost money. Many of them LOTS of it.
How did you hear of it ? Lots of paid touts out there.
They don't care about you.
Would suggest reading the last 13 years of SEC filings.
Even complete morons should be able to see a pattern.
Hint...they haven't changed CEOs.
It boggles my mind.
Guess I better get on my billboard plans.
If I have to spend a grand, Im going to spend $50k exposing this guy for what he is.
Like the last 13 years of SEC filings don't already do that.
I just don't think there is going to be a huge unexpected negative over the next few years. Expectations are being held very low so I think they will only beat them going forward.
I just think TUES could have 3-5 years of consistent EPS growth and the market likes consistent EPS growth.
But, Im out. The CFOs large buy was interesting. He didn't buy that much just to get in the CEOs good graces, he was already there.
And Becker Drapkin still holds a small position.
Not just Sterne Agee. Much of the street seems to think they are building this company for long term sales & profits and while 75 cents this year would be nice, its just a year off. And the cost of capital for many people like myself is very low.
I have cash sitting there earning 1%.
$10 would be a bargain. You act as if these guys are some fly by night hucksters rather than guys who made Michaels shareholders 10+ times their money.
Not with Lion funds 20% and the major proxy advisors not going for groveland.
Ideally, 2 of their guys would be elected, but I don't think that happens. Its a straight win, This year anyway.
Next year, a bigger firm will get together a better slate and take a meaningful position.
Someone, maybe gabelli, has been funding groveland.
And you will not that gabelli never said they would vote for groveland. So I expect they may only abstain.
I look forward to you reporting on the meeting. If I was closer, Id have to be physically removed. This entire board is negligent at best.
I think $1.75-2.00 in 3-5 years is possible.
A 12 multiple=$21-24
a 15 multiple=26.25-30.00
an 18 multiple=31.50-$36.00
The alternative of course, is the entire company is a fraud and senior mgmt will not stop until they are imprisoned. (I figure the odds of this Black Swan are less than 1 in 1000)
The 2 closest stores to me are STILL THERE if that's any consolation.
If you were faking stores, you'd think Central Alabama would be a good place for fake stores.
BH has ignored their requests. They intend to not support BHs slate unless they get written notice that BH is not voting the lion funds shares.
Also, Gabelli has continued to sell shares. A total of 1300 more from 3/23-4/2 at prices ranging from 414-428.