10K out! BOOM we had sales in 2015!
Get this..
Since 2012 Spectrascience sold $707,000 worth of consoles to PENTAX.
Lets do the math:
Between June 2012 and today, there were 1398 days.
SCIE sold $707,000 worth of product within that time period.
That comes out to be $505 EVERY day, including weekends, for 1,398 days straight. Sure its spread out, but that's less than 4 years! It's only 3 years and 9 months! And this was spread out because they were still doing trials and setting up the final stages for distribution.
Think about it.. the $707,000 worth of product sold is out there; somewhere. It's being used. And once sales really start to rev up, SCIE will probably be bringing in $707,000 or more a year.
For 2015, SCIE had $6,600 in sales!
Wait, is $6,600 in sales not enough for you? What's better? $0 in sales or $6,600. WHOO HOO!
It's a start! and hey, remember, no one is forcing anyone to stay invested.
NONE of the 62 holders of convertible debentures served notice! THIS IS UNHEARD OF! These 62 people know SCIE will be worth much more and are waiting to cash in on bigger profits.
Get this..as of March 29, 2016 there are 800 shareholders of record. That's great because the last 10K also had around 800 shareholders. This means long term investors are still holding strong and are not selling.
667 million outstanding shares. That's a great number! I know countless OTC stocks with no product in the BILLIONS of shares. This is a perfect number for SCIE to work with in this upcoming year.
All of the $6,600 sales were from PENTAX which means PENTAX is working on selling the product in Europe. Now that we are in 2016, things are going to slowly begin to move forward.
and guess what we get to look forward to in May? The 10Q! Yet another filing! And more than likely we'll get yet another PR in April and/or May! Even more information which will help boost the PPS.
So, its obvious SCIE is at the end of the trials period, yet is still in the trials period. This is ok in my book because the last thing I want is to have the WavSTAT4 sold around the world only to have the product recalled because it failed. So.. do all the trials they want! Get it right the first time!
Some of the best points:
the 10K says LUMA was acquired in 2007
Scrolling down to Patents section, it says the LUMA patents had an average life of 16 years. This means SCIE still has SIX YEARS left of owning the patents to this technology!! THIS IS HUGE! we have SIX YEARS left to work with before anyone can copy SCIE's tech. meaning? Possibility of an acquisition, buyout, or simply own the tech and rule the market.
SCIE has 30 WavSTATs ready to role out to Germany and the UK. More sales to come.
I cant wait to read hotstocked.com's review of how horrendous SCIE's 10K is. Whenever I need a good laugh I read their site.
Depreciation expense is good. Lower than 2014.
Although everyone has the right to complain, in my opinion, only comments from those who read the 10K in its entirety hold water. SCIE did exactly what they said they would do. They had sales in 2015. The company is still doing trials, they have convertible debentures, but the holders aren't cashing in.
Let me reiterate:
Did you see the part how SCIE sold $707,000 worth of consoles to PENTAX since 2012. This means there is an initial demand for the tech.
In all, I believe SCIE is a company meant for serious long term investors and will greatly reward those with the patience and the fortitude to wait. For right now, I look forward to short term investors selling their shares and looking for another stock which will make them a 'million dollars' in 6 days or less. These sold shares will end up in stronger hands and, as the company continues to grow, these shares will be worth a lot more. All in good time fellow longs!
GO SCIE!
Get this..
Since 2012 Spectrascience sold $707,000 worth of consoles to PENTAX.
Lets do the math:
Between June 2012 and today, there were 1398 days.
SCIE sold $707,000 worth of product within that time period.
That comes out to be $505 EVERY day, including weekends, for 1,398 days straight. Sure its spread out, but that's less than 4 years! It's only 3 years and 9 months! And this was spread out because they were still doing trials and setting up the final stages for distribution.
Think about it.. the $707,000 worth of product sold is out there; somewhere. It's being used. And once sales really start to rev up, SCIE will probably be bringing in $707,000 or more a year.
For 2015, SCIE had $6,600 in sales!
Wait, is $6,600 in sales not enough for you? What's better? $0 in sales or $6,600. WHOO HOO!
It's a start! and hey, remember, no one is forcing anyone to stay invested.
NONE of the 62 holders of convertible debentures served notice! THIS IS UNHEARD OF! These 62 people know SCIE will be worth much more and are waiting to cash in on bigger profits.
Get this..as of March 29, 2016 there are 800 shareholders of record. That's great because the last 10K also had around 800 shareholders. This means long term investors are still holding strong and are not selling.
667 million outstanding shares. That's a great number! I know countless OTC stocks with no product in the BILLIONS of shares. This is a perfect number for SCIE to work with in this upcoming year.
All of the $6,600 sales were from PENTAX which means PENTAX is working on selling the product in Europe. Now that we are in 2016, things are going to slowly begin to move forward.
and guess what we get to look forward to in May? The 10Q! Yet another filing! And more than likely we'll get yet another PR in April and/or May! Even more information which will help boost the PPS.
So, its obvious SCIE is at the end of the trials period, yet is still in the trials period. This is ok in my book because the last thing I want is to have the WavSTAT4 sold around the world only to have the product recalled because it failed. So.. do all the trials they want! Get it right the first time!
Some of the best points:
the 10K says LUMA was acquired in 2007
Scrolling down to Patents section, it says the LUMA patents had an average life of 16 years. This means SCIE still has SIX YEARS left of owning the patents to this technology!! THIS IS HUGE! we have SIX YEARS left to work with before anyone can copy SCIE's tech. meaning? Possibility of an acquisition, buyout, or simply own the tech and rule the market.
SCIE has 30 WavSTATs ready to role out to Germany and the UK. More sales to come.
I cant wait to read hotstocked.com's review of how horrendous SCIE's 10K is. Whenever I need a good laugh I read their site.
Depreciation expense is good. Lower than 2014.
Although everyone has the right to complain, in my opinion, only comments from those who read the 10K in its entirety hold water. SCIE did exactly what they said they would do. They had sales in 2015. The company is still doing trials, they have convertible debentures, but the holders aren't cashing in.
Let me reiterate:
Did you see the part how SCIE sold $707,000 worth of consoles to PENTAX since 2012. This means there is an initial demand for the tech.
In all, I believe SCIE is a company meant for serious long term investors and will greatly reward those with the patience and the fortitude to wait. For right now, I look forward to short term investors selling their shares and looking for another stock which will make them a 'million dollars' in 6 days or less. These sold shares will end up in stronger hands and, as the company continues to grow, these shares will be worth a lot more. All in good time fellow longs!
GO SCIE!
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
