suspicious...prearranged trades are illegal. with such a volume spike FINRA going to take notice..along with traders who will see this on scans tonight. Could be trading opportunity if traders decide to get interested.
After a quick look, my assessment is they have more of a profit margin problem than a banking problem. 11% gross margins....ewww. Hard to make money in any business with margins like that. Cheaper money isnt the answer. They need higher profit business. Adding higher revenue with 11% margins could actually just put theiir profits more under pressure as they will have to go to WF for more cash. Just my opinion based on a very brief review.
Based on what you are saying the companies you are looking for are not on the OTC including CCNI. Why buy a company that has no catalyst for price appreciation? CCNI will not have meaningful pps appreciation by net income alone. That move has already occured from 20s to where it is now. Even after that amazing 10Q the stock is down. The turnaround story is over. Now what? What purpose is there to buy CCNI? A dividend coming or something? I see no investment opportunity at current price..just my personal assessment. Buy something with growth potential if you are going to risk $$ on OTC stocks. Too much risk for not much reward with CCNI. Same with CRRS even tho its not on OTC anymore. Look at what happened to that pps once the story was over. Like the sound of a TV after the movie ended.
Are you trying to be a troll??? The Transfac deal started at 70 and they raised it to 85. Are you just now reading LAST years financials or what? Stay current slapnut.
It doesnt trouble me because I understand what they are..non-cash expenses. While that may translate into overhang in the stock price, it also translates into the co is going to be profitable once the accounting voodoo is done with the debentures.
no worries mate...wouldnt worry about one Q to the next. Frankly surprised they were able to show positive EBITDA with so many new locations. Clearly the older ones are paying for themselves and then some. This puppy just needs more time before people try to value it on earnings. Value it on growth my brotha!
Here's some actual good news. 10Q is out.
Non-recurring acquisition and expansion costs 223,154
Adjusted EBITDA $ 344,731
closing soon? LOL based on what? They arent losing cash. They are in no danger of closing. Obviously you are a paid basher or an idiot if you believe they are closing.
I used to follow CCNI closely some time ago. Yea they have earnings, but, look at how they got there...basically the same strategy as LTNC. What CCNI looks like now is what LTNC will look like in 2-3 years imo. Aside from a comparison and just looking at CCNI, the company has reduced its overhead a ton. I dont know if they can squeeze much more earnings by cutting. The revenue (sorry patrickwelp) is NOT growing steady. They had 1 quarter with a 7% increase but still behind last year to date. So without growth what is there to invest in? They are on the OTC. No one cares how profitable you are. They want growth!! IF CCNI cant grow, its boring. OTC investors dont like boring, which is why I stopped following it after I made a ton trading it from the teens to the 60s. Story is over imo. STAF is another one you may want to look at. Wait for the pulldown though.
I think they had this option..just open a few locations and make bank then go public etc...but the co was taken public at ground zero. The early investors made out well and some along the way did too at certain points if they were smart with their trading. The stock price aside, is the company doing well? Thats what we need to be able to answer to determine if this stock is going anywhere but down. They had positive ebitda in Q2. Anxious to see if they repeat in Q3. IF they do, this tells me that the bets on opening so many locations so quickly is paying off and will payoff huge over the coming years. That doesnt mean the stock will go up necessarily but a good indicator imo. Fundamentals always win out over short term volatility.
The co is 3 years old. Anyone expecting net profit is unrealistic. Its a growth co and thats what they should b focusing on and they r. Worth pointing out that they DO have positive ebitda, at least last quarter. For a co 2.5 yrs in thats fairly above average. Also, I dont think they need "saving". Saving from what? The stock is undervalued and that sucks (also common on OTC unless u selling snake oil) but that doesnt mean the co is in trouble. Dont confuse the 2. The company has not lost any real amount of cash. Look at the CF statements. All the losses are due to accounting for derivatives and debentures. As a private co LTNC would be earning at least $500k/yr.
Revenue in the third quarter of 2014 increased 7% to $27.7 million compared to $25.9 million in the third quarter of 2013. The increase in revenue is primarily attributable to the 10.6% increase in same store sales.
I dont follow this. How did they show same store sales increase of 10.6% but overall sales only increase 7%? The math doesnt add up there. Also YtD sales are still down vs last year. Something is off here. Been a long time since I really followed this one. I'll have to do some research.
I don't know..maybe all this: "Mrs. Thompson brings with her, 25 years of experience in management, which includes six years of experience in customer service and human resources, and 14 years of operations management expertise. Mrs. Thompson is an energetic leader and excels in implementing processes that drive revenue growth, financial performance, and operational excellence with a strong focus on customer satisfaction and brand loyalty." I doubt the CEO would entrust the company to a rookie after spending 3 years building it from scratch. I am a little surprised he didn't pull someone from within the industry given his previous appetite to do so, but the fact that he didn't when I would normally think he would gives me pause that he has a larger plan. Ive been following this company for a long time and spoken with the CEO on a number of occasions. Hes young but very smart.There is a method to everything he does, at least that's my opinion and take that for what its worth and with $1.50 you can buy a coke.