RE:RE:Why we should buy more now than ever beforeBobwins wrote: While all those things are true, it's also true that Reliq issued over 20 million new shares this year at .40 and 1.12 each AND another 10 million warrants with conversion prices of .60 and 1.75.
It's been long enough so that all those shares can now be sold and that's likely the main reason the stock price has been sliding since the spring financings. There were 12.5 million shares sold at .40 and each of those investors could sell their shares for the current price and triple their money AND still hold 6.25 million warrants that could be exercised at .60.
I don't know how long this stock overhang will last. It will probably take some very good news from Reliq to support enough buying to clear out this stock. Average daily volume is decent at 820K so those that want to sell should be done this year. Those that are saying this is the bottom could be wrong. We'll have to see how it plays out.
The annual report is due end of October. That will contain the period ending 6/30 so it won't show great numbers. Likewise the Q1 report for period ending 9/30/18 won't be good because the first hardware shipment wasn't received until August.
We need new contract news, good onboarding numbers, an expansion into another state(s) or good news from one of the trials to entice the recent investors to hold their stock instead of cashing in. We need some good old fashioned GREED!
While some of the thing that you say are true, here are some other facts (and corrections).
1- They announced the first hardware shipment on July 12, NOT in August.
2- Define "not good" for financial reports? q1 revenue $259,000, q2 revenue $878,000, q3 revenue$1,132,000. Q4 revenue should be over $2,000,000 (or about a 100% increase quarter over quarter.). The upcoming Q1 numbers will indeed be about the same as year end, due to the hardware issues that have already been dealt with. How many companies do you know have that kind of growth rate? And with the hardware produciton being ramped up, you haven't seen anything yet!!!
3- Markets are supposed to be forward looking. When I look forward I see massive revenue KNOWN growth, with great potential for it to go much highter due to new contracts.
4- According to your own post, a bunch of shares issued at $1.12 with warrants at $1.75. Well the warrants are out of the money, and the $1.12's aren't a screaming return at these levels either. Besides, many on this board alone got in at even better prices, and we aren't selling... If those new issues wanted to sell at 3 times their money, you would think they wouldn't have already sold when they could have got 5or 6 times their money!!!
Can this still go down? I guess so, everything can go down. However, it doesn't make sense to me....this company does nothing but announce new contracts and pilots. I bought at levels both lower and higher than today's price, if I was willing to pay more before new contracts were announced, why I would think they would be worth less now. This is a long term game. Don't lose out on massive returns because of a short term raid......