Happy Friday,
Congrats to anyone who saw my call on MFTH towards the end of day Wednesday, if you loaded .0005's then they were good for a 100% gain 5 minutes after the opening bell Thursday.
TCPS- I was right there was a big push on this stock and the great WolfOfWeedStreet did issue a trade alert to his wolfpack. However the stock didn't really do what the people behind this "push" thought it would. After speaking to some people it turns out there were some weak links in the execution of the "push" that messed it up. I don't really know how these things work etc, but either way it didn't work out.
That being said I am still hearing rumors of News on TCPS coming VERY soon. I myself re-loaded some shares today. So if you are holding a bag, don't give up yet I would wait till at least monday till you sell. All In My Opinion.
CTYX- This absurdly low floater (190 shares) that has a beautiful entirely retail and thin level 2 which I've been telling you to load up on for weeks. Saw some aggressive buying end of day. This moved 72% on 4 million shares traded, and it peaked for a second at .0025!! I hope most of you loaded this up at .0009 area when I alerted it. This should make a big move very very soon. So Keep on watch. Todays action was just the begining IMO. Although I can't say selling stock when your up 100% is a bad idea. I have not sold yet.
IDVC- We are expecting those company updates any day now, I know the wait has been longer then i thought but I think it will be worth it. Cheetra has really done loads and loads of DD on this stock, and he will be doing a guest blog post sharing his DD he's had many conversations with the CEO and has a lot to say. Looking forward to getting that to you ASAP.
If you are coming late to the party and are not familiar with CTYX and IDVC looking through my old blogposts for the basic DD I am too lazy and tired to link them for you.
FBEC-Hope you guys still have this on your radar, I am watching close, bids are increasing by the day, and the IHUB board has some good traders on it now.
CMGO- This stock released killer earnings for this past quarter end of day. Look for momo to increase as people digest the news.
May 15, 2014 (ACCESSWIRE via COMTEX) -- CHICAGO, IL / ACCESSWIRE / May 15, 2014 / CMG Holdings Group, Inc. ("OTCQB-CMGO") filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 in which CMGO announced revenues of $1,554,748, net loss of $20,973 and deferred revenue of $3,492,754. Taking into the account the deferred revenue, all of which was billed, received and earned by CMGO during the quarter, CMGO's revenue and net income were $5,021,415 and $1,192,361, respectively. As adjusted, the first quarter is CMGO's strongest in its history and its performance is significantly more favorable than the forecast provided in CMGO's April 16, 2014 Chairman's Letter. As set forth in that letter, CMGO has been recruiting new management, and after the first quarter, engaged qualified financial personnel to match the quality of its other executives. CMGO's goal is to continue to build on its finance personnel to be able to track, report, analyze and improve its business.
The deferred revenue relates to a Service Agreement for which performance will be materially completed later today and will be reported as part of CMGO's GAAP revenues and net income in the second quarter's financial statements.
GAAP pronouncements, as applied to CMGO's business, did not allow for recognition of the generated revenues under this Service Agreement in the first quarter, even though performance was substantially completed, most of the progress payments required in the Service Agreement were made and the language of the Service Agreement itself dictates that the payments are earned when received and are non-refundable. In accordance with GAAP, CMGO recorded the billed amounts as deferred revenue. While CMGO determined through discussions with its auditor that there was no alternative presentation under GAAP available for its line of business which would reflect the monies it had earned under the contract, CMGO strongly believes that a non-GAAP presentation of its earnings are warranted.
Chairman and CEO Glenn Laken commented, "We are coming off a very strong quarter based on monies earned and cash flow and we believe it is critical for investors to have an accurate picture of CMGO's performance. We are required to report GAAP numbers, but with the deferred revenue actually earned, in the bank and non-refundable, we believed it important to show this. We believe that the table above provides a better picture of the state of our business and enhances our shareholders' understanding of our financial performance."
Disclaimer: Don't listen to anything I say.
