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Moissanite is a cheap commodity now provided by China. CTHR had a patent on this product that has since expired. What was once their bread n butter is gone they no longer compete! Check out the salary structure for management and you see why the losses. They have some cash but not for long. Looks like managements salary’s will drain the cash and the last one out shuts out the lights.
According to salary.com
CFO salary: $609,227
CEO salary: $1,181,214
I found this info on a recent CLRO insider stock purchase. This guy Bagley has total faith in the company…I hope he is correct!
On January 4, 2022, ClearOne, Inc., a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Edward D. Bagley, pursuant to which the Company agreed to issue and sell, in a private placement 1,538,461 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a purchase price of $1.30 per share of Common Stock (the “Offering”). The consideration for the Shares is the cancellation and termination of Mr. Bagley’s outstanding bridge loan to the Company in the principal amount of $2,000,000 originally issued on July 2, 2021 and amended and restated on September 11, 2021. Mr. Bagley is an affiliate of the Company and the Company’s single largest stockholder.
in reply to: MACE stock of the month. #17427I too suffered a (very) quick 50% loss with mace. Thought with crime running ramped and an admimistration that promotes crime, mace should do well. The big problem with mace is the number of shares outstanding. With 65 million shares and only 15 million revenue, growth is critical. When they reported earnings and there was no growth, during a time when folks thought revenue was going to explode…the bottom fell out. Averaging down is ok (in my opinion) providing you don’t throw good money after bad, and (as Thomas stated for the billionth time) you have 12-18 issues in your portfolio.
A book I found helpful in my early investing days was “One up on Wall Street” by Peter Lynch. Good Luck!
in reply to: Series I Bonds #17426Long term, I bonds are a bad investment. I purchased 10,000 worth some 10-11 years ago and today my investment is worth 11,700. With inflation running ramped, and likely going to get worse as we now have the most incompetent administration in the planets history, I think they are worth holding. If I were younger and knew what I know now…I would look elsewhere.
in reply to: UNBELIEVABLE #16565what Robinhood and many brokers did was criminal! Hedge funds got burned at their own game…they were out billions till brokers froze the buy side allowing the stocks to tank so their buds could all jump ship. There needs to be criminal charges…but like everything else, big tech will just silence the story. I saw KOSS was at 125 but there was no bid or ask price…thought that was strange but now I understand.
Not frequently…but it does happen. Good thing you did not buy above 3 as you would now be down a bit. If possible, its good to see why the stock has fall back into the buying range. I suspect the reason for OESX’s price pull-back was the heavy insider selling in the 3 dollar range. When the reason is bad news, like a bad earnings report, more often than not more bad news is on the way and the price will continue to fall. Good luck!
in reply to: TSS, Inc. (TSSI) #15411More bullish comments from the CEO…predicting 4th quarter revenue would be equal to and earnings would be double that of the first three quarters. If his prediction is correct, the PPS should be an easy double from here. It will be interesting to see how the price responds between now and release of the 4th quarters results.
in reply to: vertex energy #15299Big winner back in the day….think it reached 12-15 a share. They expanded the company and when oil prices tanked there was little demand for used oil and they were in trouble. could be a good buy in the .50-.75 range as I’ve seen a few runs to the 1.5-2.00 range
My thoughts would be little to no trust within the investment community. If they had all this cash on hand the stock price would be much higher. As far as the accounting issues…they asked their audit group to double-check the numbers and they assured the company all is well…really? Also, their latest ER revenue fell 85% that is massive!
in reply to: TSS, Inc. (TSSI) #12414Distant…I too thought yesterdays ER would yield some cheaper shares. Looks like The CEO’s comments “We expect the second half of the year finishing very strong as new programs are staged to provide substantial growth in 2019 and drive momentum into 2020.” is what caught investors eyes…once the dust settles we could wander back into the low 70’s.
Quite surprised to see NROM on the chopping block! I bought a bunch more Friday and had another order in that did not fill. With all the recent developments, and the recent new board member announcement (he seems to be an expert in the franchise financing field), I suspect there could be some expansion coming in the near future. Last qtr they earned .02 a share…that’s good for a stock trading at .60 with only 22 million shares outstanding.
Big issue I see with NVFY is their accounts receivable. At a massive 55 million and growing every qtr, it’s almost 2.00 per share. So what is their plan to start collecting this cash? They are producing and selling product…just not getting paid? Who owes them all this money? How can a company this size survive when they produce so much and it goes unpaid? I think some big wright-offs are somewhere in the future. Wall street does not think much of the receivables either or the PPS would be much higher. Could be why they were questioned about having fictitious customers? Not sure if my logic is correct…just some thoughts I wanted to share
in reply to: The Bowser Database #11868My account is with Etrade…once in a blue moon I have to call and speak to a human to place a trade (I think spar and loan), but no issues buying tssi. In fact, I had a limit order in for .97 & .96 and they both filled at .95. I think they have just common shares. Just read the year end report…looks great! Hope to see a big pop tomorrow.
in reply to: The Bowser Database #11862Yes… I too thought there would be more forum participation from subscribers. I’m guilty of reading the new posts and not sharing my thoughts. That being said…I like last months pick (tssi) …If tomorrows numbers are anything like Q3, this one could start moving upward.
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