Post by
ScarletSpider on Aug 15, 2024 1:51am
I Am Definitely Changing My Strategy Here.
After todays presentation despite saying and standing by calling the companys progress solid and excellent overall growth the issue of share suppression and fmv needs to be addressed if the company wants liquidity to hapoen. You cant expect people banging on the doors literally breaking it down if despite the solid quarterly gains the stock keeps bidding at bottom prices and hardly moves up relative to the 52 wk high .175 current had the shares moved and stayed closer to at least .10 and with solid progress if nothing else at least holds last value lets say .10 then at least people feel ok not great but not disaster and rigged as i feel it is now.
(2) i am not surprised at what was said about the 50 to 60 million and the potential 200 million yearly. I said very clearly if this company wants to play in the Nasdaq sandbox it may get away with 50 to 60 million a quarter but clearly even that doesnt look like you can. It looks like you would need 100 million plus. This company focusing on a niche and current growth trajectory is years away. It may make 20 milliom a quarter a few years down the road
(3) the need to consolidate up to 10 to 1 is confusing and not necessary as far as i am concerned. If you want better share value and liquidity insiders need to stop suppressing the share value and or provide way better support so potential new blood sees there is a chance to make money on upswings more so than constantly adjusting down. People who bought in see it properly will trade purposefully we should regardless but nobody wants to feel they are playing a rigged game especially when financials and growth are showing otherwise
(3) i will not look to add at .055 or less anymore unless i traded out made some money and think buying again when i do i will make money. This falls back to my secondary pick and while i am now not likely to buy as a primary pick i still will not look to sell as much as i can hold off although my first strike may have been .20 i am moving this down to a dime not saying i will or will not do so i dont know but now if this should run up to a dime and because of its history of collapsing when there was no reason to it is likely i will take some money out. Honestly i should regardless of here or anywhere else. In run ups 9 out of 10 times the stocks fall in a shiate market like this they will fall not keep running
There was no way as i said that the interest should have been raised the way it was and now it will take time for rate cuts and monies to flow back in
On the whole i am pleased with the progress not surprised or disappointed but will scale back near to mid term expectations meaning i am not ruling out Nasdaq or what i saw of this company who knows things could change but i am now moving in what the CEO said and ok with that. Outside my main point of contention fmv for shares i am quite impressed with the growth and i will give credit is due.
I simply raised all the reasons why my strategy will now change and as i am moving away from flogging a dead horse to finally trying to get off posting on all the SH board i have just posted an opinion whether or not people care lol.
I have come to learn in todays stock market buying and holding entire positions is extremely risky as companies go under especially in times like this despite painting a rosy picture ndva had a 5 million owing to sndl and despite the growth the optimism having SH write ups conveying to readers it should make it through it went into bankruptcy done like dinner. Others like petroteq had corrupt management done like dinner. Now while insaid what i have about Playtech and feeling rest assured well there were companies that courted billiomaires infighting done like dinner. It simply doesnt pay to do what Buffet did but take money out with designated shares and make sure you get your principle out at the very least sooner the better.
While at this time low liklihood the partners back out we still havent seen fmv not a comforting thought at all so on a run i said i will likely pull money out and i usually look at near 200 to 300 chunks i may also think about whether i take only that much out or more. I feel secure enough right now over here to do that but anything can change on a dime no pun intended. I will need to see where i can optimize my near term gains strategically trade and or limit my losses and protect against the type of down turn as we had from last year to this one.
I will not any longer post my buys and sells or yap beyond this hopefully. Like i said a hopefully final post whether people care or not...performance A+ i cant really expect too much more here the CEO said it like it is i appreciate that him keeping it real....the other part no need to say. Overall despite how i feel about the other part i will focus on the good as much as possible and give this a B rating. It is my job to look after my shares but i do hope the share suppression/lack of share support and fmv is addressed. There is 0 excuse or absolution on this.
To end positively i am quite pleased with another solid quarterly and have 0 doubts the next one should be quite solid with either more gains equal or a slight drop. It is hard to expect just all up this maybe somewhat cyclical hard to say although in the past i thought i read that at some times in the year the business wasnt quite as strong but regardless up and downs are to be expected.
My approach will be a very laid back one now seeimg where things are while i am excited and hopeful for decent future values there are things that i am considering and taking into account and will as i once said see this like i do my holding in axe which after 2 yrs is still on hold due to needing 5 million to commence heating. In other words i am not going to be excited with this moving up to a dime anytime soon unless all this share suporession/lack of support is fully dealt with..maybe this sees better than a dime this year but there is currently no indication of that as this is again floating down but it just shows despite the strong positives that management and insiders can kill a stock its growrh and potential. Instead of doing that be fair and instead of lookinh at the niche you could be playing with the big boys. Oh well like i said i am not ruling it out but i have to take what was shown in the presentation at face value and the history as to how this has been trading which has much to be desired and holding back the companys full potential. I still see greatness with the necessary change and will hold a decent position not sure if that remains 25k preconsolidated or less but one thing i will take some money out next run to a dime or plus a bit whenever that is i am yet to decide 1500 or more.
Glta
Comment by
a2bman on Aug 15, 2024 8:12am
Number 3 is right on. theres a lot of insitutionals that wont touch anything in the pennies. maybe they should go for 20:1