Golly gee! What a coincidence! TGW pops up again the same day a slew of temporary phonies start singing that same old tired song. You know the one."I'm long on the stock but I think it's the biggest dog that ever was! I don't have any legitimate DD to offer, only my personal biased and worn out opinion."
First of all, now that SI has opened things up to temp posters, any Tom, Dick, or Harry can create multiple profiles in a heartbeat and start bashing a stock from all sides. Don't listen to temporary members (that includes me, so hurry along to the next post!)
You're still here? Oh well, might as well give you the rest of my two cents worth that has been building as a lurker over the past several weeks.
(1) There are bashers and chearleaders for this stock (neither does the thread justice). The tripe isn't any worse than the hype, it's just more transparent. I keep reading posts from TGW, MMPro, et. al. drudging up the same old tired crap. This isn't rocket science here! The reason the stock is trading for pennies is because there is inherent risk. Are you at all familiar with EMT??? The more information, the less opportunity for abnormal returns. The fact this company ISN'T reporting offers enormous opportunities (and risk). Those of us that have done our DD have minimized (as much as we can) the risk. We are cheating! We have tipped the scales in our favor! The market has set a price that assumes little (or no info), yet, we have much info! The opportunities now greatly outweigh the risks (the risks are still significant.but less).
(2) The company CANNOT release information to individuals that has not already been release to the public! TGW/MMPro (I can't keep you guys straight-you're one in the same to me, anyway) keeps asking for form 10s. The company cannot release them until they have been released to the public! They cannot be released to the public until they have been "reviewed" by an independent auditor. If you would have gotten off your fanny and called the company yourself, you'd know that! (actually, ask anyone who knows anything about SEC regulations).
(3) I couldn't let the "net revenue" discussion go without commenting. "Net Revenue" is "Total Revenue" less "Costs of Sales". In other words, it is "contribution margin" (Net revenue is not that uncommon of a topic-it is more frequently referred to as gross profit, however). In its press release, Global mentions the IGC will ".contribute $.20 EPS for Global's shareholders." This doesn't mean Gobal will have $.20 EPS!!! C'mon guys (and gals)! Wake up and smell the friggin' java! We're talking contribution here! For a company whose ".core marketing strategy is to develop `recurring electronic revenue streams'." contribution margin is the gravy! Global's fixed expenses are not going to change because of this contract! (PS - I'm a recovering accountant)
(4) TGW, in response to your statement, "Who buys at these prices is crazy!": Good investing advice is to "buy low and sell high". So I refute your statement! (BTW, I picked up another 30,000 shares today!)
(5) The real shame of it all is, you guys have actually "accidentally" (and very rarely, I might add) brought up good points. But your tire old diatribe has all but totally eliminated your legitimacy. My recommendation is to start on another post bashing some other stock.make sure you take lessons learned with you!
Asti Spumante
GO BIG RED! |
