written by reader Litelink Technologies(LLNKF)OTC

By talktome, September 11, 2019

Travis, I would value your opinion on this blockchain company.

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brownsupaman
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brownsupaman
September 12, 2019 9:46 am

I’d like your take on LLNKF too please

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Travis Johnson, Stock Gumshoe
September 12, 2019 11:17 am

Tiny player in a huge space (software/services for logistics so far, it appears), so I imagine the stock is just a proxy for blockchain sentiment at this point. I’m not usually interested in buying technology startups before they have revenue and have proven a product to some degree, so for a company like this I’d only buy it if I felt like I understood the business and the revenue potential and the order flow well enough to be on the Board of Directors. It’s a $25 million company with trivial (and as of last quarter, falling) revenue, and if they continue at the pace of last quarter they’ll be out of cash by November (this is going by the May 31 filing, they haven’t filed their quarter that ended in August yet).

Which means that it’s all story, and a quick glance at the website makes me think they are full-on storytellers, with all the hot buzzwords you can imagine, but that’s not enough to make the business seem real. For that, you’ll have to dig deeper — just imagine that your neighbor came to you with their filings and his plans for the future, and asked you to buy the whole company or go in 50/50… how would you judge the prospects? Think about it as a real business, not a tradeable sentiment tracker for blockchain, and your decisionmaking will probably be easier — maybe there is some “there” there in the company, but I didn’t see anything to interest me in a 20-minute look.

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brownsupaman
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brownsupaman
September 12, 2019 11:34 am

TY for your take

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