RE:RE:Let's Talkhellz wrote: Debbie Downer Hamilton. :) .lol..
Just Kidding there bud...It's always good to see people thinking of "fundamentals" but in growth stage companies you have to shift your focus to potential & growth.
I only skimmed that report...and what I saw were some cool nuggs & some horror #s.. (this is off the top of the head so may be wrong)
1. Assets increased 5x yoY
2. Went from 2 Revenue streams to 5
3. Debt to TA reduces from 128% to 23%, while reducing debt by $2M
4. EPS..sucks...
5. Far ways from being profitable.
By no means is it pretty, but markets reward potential more often than it does reality..
for instance...
https://www.businesswire.com/news/home/20200714005329/en/Facedrive-Reports-Quarter-2020-Financial-Results are these guys worth 1.2B, or 2.5B at their peak??Not Likely...So key in on the potential & share structure & market sector. Least that's my vibe...Canadians maybe think these markets are actually fair lol..it's all a game!!This GAME piece on the board is solid..until it isn't anymore. Don't fall in love wiff these hose!
MrHamilton1965 wrote: Is it just me, or is there an elephant in the room that we’re not going to acknowledge?
Thank goodness for Frankly. Seems like they are the suspenders keeping our pants on, however, it seems like the revenue they brought along was almost negated by expenses such as salaries.
How long can we last when we make half a mil a month and spend almost 2.2 mil a month?
I’m no expert by any means and Frankly [pun intended] I’d say I’m an amateur, but this equation doesn’t seem sustainable.
Almost 40 mil in debt leaves my stomach a little unsettled, but I think by nature, I focus on the negative and I’m a bit of a Debbie Downer.
I’m not going to kid myself that these folks will be EBITDA positive any time soon, but I’m ok with that. Just worried about liquidity and solvency. How many times can you go to the well and split?
Hey HELLZ [and others on the board], you may want to read this interesting and important article/news.
HELLZ, when you said this is a game, you hit the nail on the head, as this article names a few of the games, but I've posted it here in relation to FACEDRIVE, in case you have interest in that stock.
The article names a couple other popular stocks that were 'gamed'
https://archive.st/archive/2020/9/stockmanipulators.com/v3ix/stockmanipulators.com/moez-kassam-and-anson-funds-a-tale-of-corruption-greed-and-failure/index.html