no benchmark

$ABXX I created this tracker to monitor volume and OI across all contracts. Haven't had time to test everything so feel free to let me know if you see any mistakes or have any improvement suggestions abxxtracker.streamlit.app

@DeepSailCapital Very bizarre to me to go from praising mgmt to dumping your entire position overnight because of suboptimal w/c when it’s clear they’re not a fraud. Maybe something else at play. Saw some speculation he felt slighted over not getting a board seat. Who knows.

@nobenchmark Yeah me too. This is pretty normal for a business with a large Q4 relative to other quarters and also they moved to a distributor model which extends receivables even more. I bought some more the last few days. Their loss my gain I guess.

$SLYG The panic over a/r growth was a massive overreaction imo. Is the increase ideal? No. But mgmt has spent years proving they can execute. That track record outweighs a temporary weakness in working capital. I’m surprised that shareholders who spent years praising

I could, of course, be wrong. I often am. We'll find out over the course of this year whether or not they honor their commitment to improving the w/c situation. I think this will prove to have been a good buying opportunity.

Pretty hard to fake years of community hardware setup videos. Unless Shelly had access to AI video-generation software before the rest of the world? If you need more proof, Q4 device activations were up 52% over Q3, and they’re seeing 26,000 new devices go live every day.

@behindtheshares @jvRebelo Have you seen how fast the professional customer segment is growing?

@jvRebelo @nobenchmark I agree. Does your Home insurance Company agree? I Have friends asking for my help to put a Plug in a socket. Not scaling IMO without an electrician…

$SLYG has posted a public response to the a/r concerns on their website

@3Plantey2 Extended terms for valid reasons and while the company is growing this fast isnt the worst thing you can read, gonna have to disagree. Also not sure if you’re new to the name maybe but extended payment terms isn’t new information, think you got the wrong takeaway here

@nobenchmark Extended payment terms is the worst thing you can read+ this response is bearish in and of itself as they're genuinely afraid of the stock dumping

@3Plantey2 Interesting take, wanna elaborate?

@nobenchmark Damn they're cooked

@Eyal__Weiss Maybe some will find it insufficient, I’ll be very interested in hearing their thoughts @jptissot1 @ricardog_77

@nobenchmark Thank you for sharing 🙏🏽 Crystal clear answers 💯

@behindtheshares Do you believe they’re lying about the activation numbers? I track their social channels also, is all that growth fake?

@nobenchmark Sorry, NOW I’m concerned… I’m an electrical engineer, and the product is solid in my opinion. But is it really selling to end customers as they claim? The limitation will be installation without an electrician.

@atelicinvest You guys read the code?

I think one sneaky aspect of LLM coding that is under discussed is just how bad the code has to be before appearing as broken to the casual observer.

@ricardog_77 I have no prob with your reasoning, even if I don't share your level of concern over a/r. But my point had nothing to do with "delay after the call". It was about highly coincidental public posts from several accounts who somehow all had the same revelation on the exact same day

@nobenchmark That's fair. Here are my reasons for my delay after the call x.com/ricardog_77/st…

$SLYG Final thought on this matter: Days like today on Fintweet are great to separate the wheat from the chaff. What I mean by this: Fintweet is supposed to be an open forum where all investors talk honestly, with arguments, data, and rationally. A place where you post an argument and you receive honest and direct feedback. Most people here are like that and value clear and concrete arguments, no matter where they come from (bullish/bearish) – Or even changes of opinion. X/Twitter offers incredible value if you engage in this manner. However, there are other ones -the ones that surface on days like today- that to be honest are not serious investors, or even serious people. People who respond with personal attacks to concrete and quantitative questions raised. People who do not accept any opinion different from the one they hold. People who claim to be independent but, to be blunt and honest, end up just being blind and hopeful cheerleaders. I just don’t understand how something as fundamental in investing as changing your opinion when facts change is so controversial. So controversial that some people take it as a short attack? Please… I don’t get how these kinds of people are not open to any type of constructive criticism or even simple and mathematical questions. The worst: They don’t even answer the mathematical questions but go for personal attacks. Hope we can keep this platform as an open forum for arguments and the search of truth through financial markets, not a place for personal attacks.

@ricardog_77 That said, I do think mgmt should do a better job addressing these questions publicly

@ricardog_77 happen overnight, yet several of you publicly came to the exact same conclusion overnight which is a fascinating coincidence.

@IcqqkaeyD So what point were you trying to make with original post exactly?

@nobenchmark They have factoring available, should they choose to do so. They only actually do limited factoring in select subsidiaries.

$SLYG Say it ain't sooo

@Maklarmatte @chesir3cat @LoveUK112334 not to mention you can easily verify their highly active social channels, particularly their fb group which has grown steadily over the years

@chesir3cat @LoveUK112334 I mean tbh you cant even considering comparing $int with $slyg, shellys products are proven you can find them on amazon, hornbach etc you can find facebook groups with 100k+ users. Not some shady asian partner who nobody knew of.

I see comparisons between $INT.ST and $SLYG but that does not strike me as a fair comparison as the product being sold by $SLYG has verifiable customer demand. $INT.ST had exceedingly goofy financials and it was extremely difficult to verify if the sales were real since the product was supposedly being sold into Chinese hospitals. The current $SLYG controversy reminds me a bit of $GMCR (Green Mountain Coffee Roasters) from 15 years ago when David Einhorn made a presentation detailing numerous accounting irregularities, including aggressive revenue recognition. None of that mattered in the end however as $GMCR continued to sell more and more k-cups. Similarly here, at the end of the day, if the $SLYG continues to sell more and more devices, none of the current accounting issues will matter. The relevant questions here are how much actual demand is there for $SLYG products and how much will that demand grow over time?