A/S reduction right now is simply not possible. Th
Post# of 22940
Posted On: 10/27/2016 10:36:19 PM
Re: Lil_Wise_Guy #14472
A/S reduction right now is simply not possible. The company needs the capital. When the company establishes net profits, then by all means - reductions should be made. I see the point you're trying to make, but the overhead that this company produces just simply won't allow for it. This isn't a lemonade stand the company is running. There are many consultants on the books now & misc expenses that were formed during the reconstruction process.
I would like to point out, one other stock that is doing relatively well - off 'hype' of revenues alone. While it has established a product with a large client, and has produced 8k's, it has yet to produce revenue. This stock is $MYEC. I recommend everyone here take a look at the share structure, fundamentals, and price - and look at TPAC. That is by no means a recommendation to buy that stock, it has plenty more problems than TPAC. I just wanted to illustrate that it is possible for the price to reach what that stock is trading w/o a massive share reduction.
Anyways, I have nothing really further to say. It's Bills tweets and commitment to 'long tours in the field' over in China that is keeping me to hold shares. I would average down, but something tells me based off this mornings tweet about the gratitude for .0006's - that we will see .0002-.0005's shortly. If I miss the opportunity, oh well! I own plenty enough shares as the fundamentals permit right now anyway.
GLTA / IMO.
I would like to point out, one other stock that is doing relatively well - off 'hype' of revenues alone. While it has established a product with a large client, and has produced 8k's, it has yet to produce revenue. This stock is $MYEC. I recommend everyone here take a look at the share structure, fundamentals, and price - and look at TPAC. That is by no means a recommendation to buy that stock, it has plenty more problems than TPAC. I just wanted to illustrate that it is possible for the price to reach what that stock is trading w/o a massive share reduction.
Anyways, I have nothing really further to say. It's Bills tweets and commitment to 'long tours in the field' over in China that is keeping me to hold shares. I would average down, but something tells me based off this mornings tweet about the gratitude for .0006's - that we will see .0002-.0005's shortly. If I miss the opportunity, oh well! I own plenty enough shares as the fundamentals permit right now anyway.
GLTA / IMO.
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