REMARK HOLDING? what do you think of this stock?

smallfil · May 13, 2020

You guys do not know what you are missing. I have been trading only stocks from my watchlist and if they pass thru my filters, taking the trades when it presents itself. Having such a great time. Sold NVAX yesterday, CODX up huge today and still in it. Got a couple more that are down a little today. Looking at other stocks too. MARK is on my watchlist so, could be a nice trade too when the time comes.

systematictrader · May 13, 2020

Kiaraakitty said:
was looking through some stocks and saw this company called Remark Holding and seem to be promising at the current situation. They had been on an upward trend and yesterday had an insane increase of 7% in the market with an increase of $0.40 cents per unit to a soaring $2.60 cents per unit at its best.
I personally feel it is a good buy looking at the prospect of the company as it develop a technology that allows people to take temperature without coming in contact. At the end of April , they had also made an announcement to send AI to the U.S and Japan.

https://investorplace.com/2020/05/remark-holdings-news-has-mark-stock-moving/
I personally feel that this stock will continue to have an upward trend with its possible project deal with Disney. With the current situation, there is definitely growth in this company
More...

i think your the first female on the website ever

no?

qaz · May 13, 2020

systematictrader said:
i think your the first female on the website ever

no?
More...

Can't trust anything on the internet. Anyone can be who they want to be with a few clicks and image upload.

JesseJamesFinn1 · May 14, 2020

systematictrader said:
i think your the first female on the website ever

no?
More...

I

JesseJamesFinn1 said:
https://www.elitetrader.com/et/threads/1-50-share-stock-with-june-2-50-calls-bid-70x-85-why.344592/ I've been trading this stock since below $1, its been lots of fun. I like how its not getting crushed even with the Market going dow
More...

qaz said:
Can't trust anything on the internet. Anyone can be who they want to be with a few clicks and image upload.
More...

They don't reply, its clip, copy and paste with these pump and dumps. You notice the stock cratered, your not going to get the analysis from the Op like you would with Van or my other friend.

JesseJamesFinn1 · May 14, 2020

systematictrader said:
i think your the first female on the website ever

no?
More...

I mentioned GNUS yesterday, like you noticed there is always a Pump going on. Its how I survived 2001 by trading only penny stocts.

JesseJamesFinn1 · May 14, 2020

JesseJamesFinn1 said:
I am bailing out of GNUS, scaled up and selling above $1.40 and saving some for the AH pump. It was $1.12-$1.15 when I posted this. Good Luck!
More...

Nice follow through, I bought back after shorting AAL and churning ERI and PENN. Bought RIOT at $2.20 did not want to spam this site

systematictrader · May 14, 2020

JesseJamesFinn1 said:
I mentioned GNUS yesterday, like you noticed there is always a Pump going on. Its how I survived 2001 by trading only penny stocts.
More...

what?

JesseJamesFinn1 said:
Nice follow through, I bought back after shorting AAL and churning ERI and PENN. Bought RIOT at $2.20 did not want to spam this site
More...

nice i am long riot since a week ago but fucks the options arent liquid

systematictrader · May 14, 2020

JesseJamesFinn1 said:
I

They don't reply, its clip, copy and paste with these pump and dumps. You notice the stock cratered, your not going to get the analysis from the Op like you would with Van or my other friend.
More...

ahhhhhh i get it that makes sense, hence why the female picture probably loooooool

systematictrader · May 14, 2020

qaz said:
Can't trust anything on the internet. Anyone can be who they want to be with a few clicks and image upload.
More...

pumpers and dumpers

gaussian · May 15, 2020

Kiaraakitty said:
I personally feel it is a good buy looking at the prospect of the company as it develop a technology that allows people to take temperature without coming in contact. At the end of April , they had also made an announcement to send AI to the U.S and Japan.
More...

So your investment thesis is they put a grip on an arduino with a thermal camera?

Let's visit their recent 10-Q since their 10-K is gonna be late. Here's some choice quotes:

During the nine months ended September 30, 2019, and in each fiscal year since our inception, we have incurred net losses which have resulted in anaccumulated deficit of $337.8 million as of September 30, 2019. Additionally, our operations have historically used more cash than they have provided. Net cashused in continuing operating activities was $10.7 million during the nine months ended September 30, 2019. As of September 30, 2019, our cash and cash equivalents balance was $0.7 million, and we had a negative working capital balance of $24.7 million.
More...

We are a party to a financing agreement dated as of September 24, 2015 (as amended, the “Financing Agreement”) with certain of our subsidiaries asborrowers (together with Remark, the “Borrowers”), certain of our subsidiaries as guarantors (the “Guarantors”), the lenders from time to time party thereto (the“Lenders”) and MGG Investment Group LP (“MGG”), in its capacity as collateral agent and administrative agent for the Lenders, pursuant to which the Lenders extended credit to the Borrowers consisting of a term loan in the aggregate principal amount of $35.5 million (the “Loan”). The terms of the Financing Agreement,the amendments thereto, and related documents effective as of September 30, 2019 are described in Note 12, which also describes our ongoing events of default relating to our failure to make certain required payments under the Financing Agreement as well as certain other ongoing events of default.
More...

The important bit of Note 12:

Effective as of June 29, 2018, we entered into Amendment No. 5 and Waiver to Financing Agreement (the “Fifth Financing Amendment”) pursuant to which the Lenders agreed, among other things, to extend the due date of the prepayments required by the Fourth Financing Amendment for up to three months, provided that we made extension payments on the first business day of each such month. The extension payments were $250,000 for each of the first two months and$500,000 for the third month, with the final extension period ending on September 28, 2018. We made the extension payments required by the Fifth Financing Amendment to extend the due date of the prepayments required by the Fourth Financing Amendment to September 28, 2018; however, we failed to prepay the $8.0million principal amount and $3.5 million of exit fees due on such date. Such failure to make the required payments constituted an event of default under the Financing Agreement and as a result, from September 28, 2018, the Loan bore interest at three-month LIBOR plus 11.0%, the default interest rate.
More...

Their book value per share is -0.45 as of the latest 10-Q. In other words if the company was liquidated you would get nothing. Investors should be fortunate the IRS doesn't come after investors to pay back debts! It seems outstanding shares has increased by nearly double since then attributed mostly to coronavirus interest.

Their last reported EPS was an astounding -1.26. Naturally their PE both TTM and forward is 0.

I don't really need to go father than this. This isn't a 10 bagger waiting for you. The company is saddled with debt and already defaulting on prepayments for loans.

An interesting note from one of their 8-Ks:

Revenue for the third quarter of 2019 was $0.7 million, down from $1.8 million during the comparable period of last year. Regulatory changes in China's financial services market caused the company to discontinue its FinTech business in 2018.
More...

It seems they are also at risk with China.

This is a solid nope from me. I wouldn't invest in it anyway since it's a penny stock but this one looks particular bad just doing 15 minutes of DD and a few simple calculations. No need to look further.