Penny stocks anyone

[Charles]

ICCT is not one to trade short term. I plan to hold it 3-to-4 years. I fully expect it to be significantly higher than it is now. By that, I mean that I expect my investment of tens-of-thousands of dollars will become millions.
It is a serious business with a real product and a growing clientele. In this market, it is hard to find under-priced stocks. I think ICCT is that. Watch for their second quarter earnings report. I think it will be very good.

Do your own due diligence. I think what I'm seeing on here is just gambling.

Why do you think ICCT will perform so well?

[RiverRat1]

ICCT is not one to trade short term. I plan to hold it 3-to-4 years. I fully expect it to be significantly higher than it is now. By that, I mean that I expect my investment of tens-of-thousands of dollars will become millions.
It is a serious business with a real product and a growing clientele. In this market, it is hard to find under-priced stocks. I think ICCT is that. Watch for their second quarter earnings report. I think it will be very good.

Do your own due diligence. I think what I'm seeing on here is just gambling.

Yes you are.

I think everyone who posts a stock ticker should say why it's going to go up. Volume, just popular, upcoming event, or ???

I try most of the time. Feel free to bug me if I don't.

[rtp]

ICCT is not one to trade short term. I plan to hold it 3-to-4 years. I fully expect it to be significantly higher than it is now. By that, I mean that I expect my investment of tens-of-thousands of dollars will become millions.
It is a serious business with a real product and a growing clientele. In this market, it is hard to find under-priced stocks. I think ICCT is that. Watch for their second quarter earnings report. I think it will be very good.

Do your own due diligence. I think what I'm seeing on here is just gambling.

Their burn rate is very high for such a small company. Where does the cash come from to keep it operating? Im seeing 76K cash on hand with a burn rate of about 3.5mm per year.

[warrington]

Stev

Stev is running
I see this one climbing over the next couple of months

[Charles]

Their burn rate is very high for such a small company. Where does the cash come from to keep it operating? Im seeing 76K cash on hand with a burn rate of about 3.5mm per year.

Can you share where you found those numbers? I wasn't able to find any financials.

[rtp]

Can you share where you found those numbers? I wasn't able to find any financials.

https://finance.yahoo.com/quote/ICCT/key-statistics?p=ICCT

[WRasco]

Yes you are.

I think everyone who posts a stock ticker should say why it's going to go up. Volume, just popular, upcoming event, or ???

I try most of the time. Feel free to bug me if I don't.

I agree 100%
See this on Reddit all the time "***X to the moon." I can never figure out what they are seeing. - But I am not the brightest bulb when it comes to this ether.

Just saying it would be helpful to have the reasoning.
Along with caveat emptor

[Charles]

https://finance.yahoo.com/quote/ICCT...tistics?p=ICCT

thank you

[rtp]

thank you

Let me know what you think. Also, if you have an answer to my question after reviewing the numbers.

[Bassdeer]

The only thing I did right today was not buy SNDL at $3 and somehting a share.

[WRasco]

Red board today here as well.

[jshouse]

The only thing I did right today was not buy SNDL at $3 and somehting a share.

man i left it at $3.90 this morning, walked to the door and let the dog out, let her back in and checked it again and it was $2.76. maybe 2 minutes had passed. i sold it all.

i sold off some shares today and will be pulling my initial as soon as it is available. 130% gain in about 3 weeks even with a few ill-timed FOMO duds mixed in, all credit to this thread.

[Charles]

Let me know what you think. Also, if you have an answer to my question after reviewing the numbers.

I don't claim to know how to really read financial reports or even determine if a stock is worth buying or not. Matter of fact, just go ahead and awesome I zero qualifications in this arena.

With that said. I have come to the conclusion ICCT isn't in a very solid financial position:

Balance Sheet
Total Cash (mrq) 76k
Total Cash Per Share (mrq) 0
Total Debt (mrq) 1.52M
Total Debt/Equity (mrq) N/A
Current Ratio (mrq) 0.10
Book Value Per Share (mrq) -0.00
Cash Flow Statement
Operating Cash Flow (ttm) -1.32M
Levered Free Cash Flow (ttm) -891.75k

Someone else smarter then me feel free to chime in.

[RiverRat1]

man i left it at $3.90 this morning, walked to the door and let the dog out, let her back in and checked it again and it was $2.76. maybe 2 minutes had passed. i sold it all.

i sold off some shares today and will be pulling my initial as soon as it is available. 130% gain in about 3 weeks even with a few ill-timed FOMO duds mixed in, all credit to this thread.

I don't claim to know how to really read financial reports or even determine if a stock is worth buying or not. Matter of fact, just go ahead and awesome I zero qualifications in this arena.

With that said. I have come to the conclusion ICCT isn't in a very solid financial position:

Balance Sheet
Total Cash (mrq) 76k
Total Cash Per Share (mrq) 0
Total Debt (mrq) 1.52M
Total Debt/Equity (mrq) N/A
Current Ratio (mrq) 0.10
Book Value Per Share (mrq) -0.00
Cash Flow Statement
Operating Cash Flow (ttm) -1.32M
Levered Free Cash Flow (ttm) -891.75k

Someone else smarter then me feel free to chime in.

If it's a good business plan it won't matter how much money they're losing as they will do a stock offering to raise money.

It's very hard to tell with stocks this low. Very.

[RiverRat1]

man i left it at $3.90 this morning, walked to the door and let the dog out, let her back in and checked it again and it was $2.76. maybe 2 minutes had passed. i sold it all.

i sold off some shares today and will be pulling my initial as soon as it is available. 130% gain in about 3 weeks even with a few ill-timed FOMO duds mixed in, all credit to this thread.

This is why you sell on the way up. If you bought at $3 and this happened you'd be ticked.

It can and does happen all the time. Look at STEV Was up to .0288 and tanked in 5 minutes to .016

And SNDL was special. I would have thought that dump would have happened around $1.20 the first time. Then 20 more times along the way. The reason it didn't is because Zack Morris (yes, the saved by the Bell actor) has 350k+ followers just on Twitter. They pumped it to the moon and surprised lots of people by how high they ran it.