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CLMB...Climb Channel Solutions Launches Partnership with Automox, Providing Leading Endpoint Management Solution to North American Partners
EATONTOWN, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), announced the launch of a new partnership with Automox, a leading cloud-native IT automation endpoint management solution, now available to their North American partners.
With the addition of Automox, Climb partners can provide customers the capabilities to save time, eliminate risk, and automate the patching, configuration, and control of all Windows, macOS, and Linux endpoints with one modern IT operations platform. Adding Climb as a distributor is a strategic move for Automox as they expand their channel efforts with the goal of switching to over 50% of business via the channel.
Cooper Herrera, Manager of Channel Sales at Automox, said, “We're proud and excited to partner with Climb Channel Solutions. As the leading cloud-native IT automation endpoint management solution, Automox fits perfectly in Climb's stack of business-critical technologies. Thousands of solution providers, VARs, systems integrators, corporate resellers, and consultants now have access to cloud-native IT automation at scale.”
Automox partners with industry-leading companies to extend the sales reach for Automox's cloud-native IT operations platform. Their dedicated channel team is focused on helping resellers sell across a wide range of market segments, from small-to-medium sized businesses (SMBs) to large, multi-location corporate enterprises - and across all vertical markets.
“We are excited about the addition of Automox to our North American line cards,” says Dale Foster, CEO of Climb Channel Solutions. “It is important to us to continue to bring on leading emerging technology for our partners to satisfy the need of their customers. As automation becomes a focus for tech industry, signing vendors, such as Automox, helps us ensure our partner ecosystem is enabled with the best of the best.”
https://www.globenewswire.com/news-release/2024/04/25/2869486/0/en/Climb-Channel-Solutions-Launches-Partnership-with-Automox-Providing-Leading-Endpoint-Management-Solution-to-North-American-Partners.html
HGBL...Here's one for the watchlist...Low PE, nice balance sheet, pretty much recession proof sector, small stock buy back, very near a 52wk low and what looks to be strong support.
Check it out...
Heritage Global operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
https://hginc.com/
Current price $2.49
Forward PE approx 5
Financial Statistics
https://finance.yahoo.com/quote/HGBL/key-statistics
Q4/Full Year 2023 report...
https://finance.yahoo.com/news/heritage-global-inc-reports-full-200500244.html
2yr chart
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hgbl&insttype=&freq=1&show=True&time=9
Upcoming Conference/Presentation...
https://finance.yahoo.com/news/heritage-global-inc-attend-planet-180000790.html
CSPI...Where's Joe when you need him? (haha). Anyway, I sold some off on the huge spike and still have a decent position. Not adding yet, but if it keeps dropping, I might. Planning on holding CSPI into next year unless something takes a drastic turn for the worse before than.
I'm sure they have a lot of interest in AZT right now so we'll see what happens.
CXDO...I have plenty of CXDO but decided to add more today near the close of $4.12. These guys are adding end users [ @beigledog months to gain those users). Crexendo is also very close to their next acquisition (IMO). Should easily be @ 5M end users by the time they report their Q2 results in August.
Q3 results will be out in 3-4 weeks.
A look at Crexendo's strong growth...
April 2024...4.5M users
Dec 2023...4M end users
Sept 2023...3.5M end users
Feb 2023...3M end users
May 2022...2.5M end users
Sept 2021...2M end users
DBGI...Thanks, It went from 10k to 40k...https://chartexchange.com/symbol/nasdaq-dbgi/borrow-fee/
DBGI...Added yesterday at $3 and will add more today if it goes lower. Only 10k shares left to short based on chartxchange.com so hopefully it's near bottom.
96% borowing rate.
CSPI...ARIA Cybersecurity Expands Global Reach of Cybersecurity Product Portfolio
Information Systems for Trading (IST) becomes a premier Reseller for ARIA Cybersecurity in Jordan and Iraq ( https://is-iraq.com/about/ )
LOWELL, MA / ACCESSWIRE / April 18, 2024 / ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI) and a leading provider of cybersecurity solutions, recognizes Information Systems for Trading (IST) as a premier reseller in the Jordan and Iraqi regions. As a leading provider of innovative cybersecurity solutions, IST offers ARIA's cutting-edge products, including AZT PROTECT, ADR and CloudADR, to enhance cybersecurity capabilities for organizations in these key markets.
IST will showcase ARIA Cybersecurity Solutions at the upcoming IQDEX 2024 event being held at the Baghdad International Fairground from April 20 through 23. IST will be providing live demonstrations of the powerful features and benefits of these advanced security solutions.
Gary Southwell, Vice President of ARIA, expressed his enthusiasm about the partnership, stating, "We are thrilled to collaborate with IST as a premier reseller for ARIA Cybersecurity Solutions in the Jordan and Iraqi regions. This partnership will further strengthen our commitment to providing robust cybersecurity solutions to organizations in these strategic markets."
Hasan Al-Hasani, Vice President of IST, shared his thoughts on the collaboration, saying, "As a trusted provider of IT solutions in the region, IST is excited to offer ARIA's state-of-the-art cybersecurity products to our customers. We believe that these solutions will help organizations enhance their cybersecurity posture and effectively and efficiently defend against evolving cyber threats in the region."
https://finance.yahoo.com/news/aria-cybersecurity-expands-global-reach-120000934.html
GTEC...So far no word on earnings PR or cc. I am out, will take the write-off, and move on. GTEC can go to $100 and it wouldn't matter to me. A lot of other companies/stocks to pick from out there.
GTEC...I agree...Ugly as hell🤢🤮...I still hold some shares but will more than likely sell those before the week is over. (Sold off over half of what I had, after they reported they were going to be late w/ their filing. Down a good clip AH's)
GTEC...Just looking though the 10K. The write-down is nasty.
GTEC...I was thinking...Maybe they're crossing the T's and dotting the I's on the spin-off before they report. I'm investors will want to know more on that...
https://finance.yahoo.com/news/greenlands-board-approves-spin-off-120000410.html
Anyway, hopie we hear something today or at least by tomorrow.
GTEC...WTH's going on w/ GTEC? Any idea? They were suppose to file their 10K by/before April 15... 🤔
Maybe we'll hear something today?
CXDO...😎🤙Growing at a remarkable rate with no end in site. Excellent management team!! Crexendo will make their next acquisition before the year is up (based on prior comments) and hopefully it's as good as their last two (NetSapiens & Allegiant).
CXDO & AESI currently make up approx 50% of my portfolio.👍
AESI...Good info, Thanks researcher. Re: AESI...Raymond James analyst James Rollyson maintains Atlas Energy Solutions (NYSE:AESI) with a Strong Buy and raises the price target from $26 to $27.
DBGI...Looking at my cost basis, I was up 17.62% last year on what I sold (and mind you, I bought into this one aggressively). As of yesterday, I am up 53.45% so far on what I've sold. I am currently down 19% on what I still hold which is not near what I had at my peak.
So not too shabby for a stock in a sector I don't like🙂. I think when I first got into DBGI I mentioned I don't like the retail clothing space. It was the forward looking and low float that got me in.
DBGI...It's been a GREAT trade for me hweb...I could sell every share of DBGI I currently own @ $3 and still be waaaay up on it since I first started trading it. Was going to grab more near $3 but was on the phone and missed it. Now I'll set a few limit buy orders and hope to get some filled if it dips back down.
CXDO✔️...Crexendo Growth Surges with Four and a Half Million Users on its Software Platform With Platform Growing At Nearly Twice The Industry Average
PHOENIX, AZ / ACCESSWIRE / April 16, 2024 / Crexendo, Inc. (NASDAQ:CXDO) ("Crexendo" or the "Company"), an award-winning premier provider of cloud communication platforms and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that its cloud communication platform now supports over four and a half million end users* globally.
When Crexendo acquired NetSapiens in June of 2021 there were approximately 1.7 million users on the platform, and since then, platform use has increased over 150%. With additional new licensees deploying Crexendo's NetSapiens platform combined with strong growth from their existing base of over 220 licensees, there are now over 4.5 million users utilizing the Crexendo NetSapiens software platform for their communication needs.
"We continue to see very strong adoption of our offerings, and we see no end in sight," said Crexendo CEO and Chairman Jeff Korn. "We are very excited by our continued strong growth. This announcement confirms for us the findings by Frost & Sullivan's who in their recent 2024 report awarded us the Competitive Strategy Leadership Award for Excellence in Cloud Communications as well as confirming that we are the fastest growing UCaaS platform in the industry. We believe this growth is tied to our disruptive business model, our superior cloud offerings and our talented team that truly are the best in the industry. The efforts of our team are further supported by G2.com's Spring 2024 Reports that recently highlighted Crexendo's outstanding customer service with 19 1st place rankings based on real user feedback."
Korn added "This very important metric, which follows our very strong third and fourth quarter earnings reports. Our significant momentum continues to give me great confidence in our strategic growth plan this year and beyond. I am convinced that our company is executing well on all fronts, and we are very excited about our future."
*Users are defined as UCaaS application user seats including individual user licenses as well as applications such as conference bridges, call queues, and SIP trunks.
https://finance.yahoo.com/news/crexendo-growth-surges-four-half-130000129.html
DBGI...Hitting the skids AH's😵💫. The earnings report wasn't anything hot. We'll see what they say on the cc. Depending on what Hil says. who knows, may add if the price is low enough. Currently $3.04 x $3.50. 🤔
Digital Brands Group Reports Fourth Quarter and Fiscal Year 2023 Financial Results
https://finance.yahoo.com/news/digital-brands-group-reports-fourth-201500902.html
DBGI...Earnings will be released at 4:30 today...Share count is UP a clip to approx 1.75M...
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318233481&type=HTML&symbol=DBGI&cdn=75b1de9a54dc4448b467d6b4c02cd3d5&companyName=Digital+Brands+Group+Inc.&formType=424B5&formDescription=Prospectus+%5BRule+424%28b%29%285%29%5D&dateFiled=2024-04-12
Been adding back shares on dips though. Share price was in the high $3's for most the day, current price is $4.15.
Spin the wheel.
We'll see what happens.
CLMB..."Climb Global Solutions, Inc. (NASDAQ:CLMB) simply continues to execute on their business plan, putting up the latest of a string of double-digit quarterly earnings growth. They remain a minnow in a zillion dollar space that connects new technology that lacks distribution with a buying community hungry for evolving product in the usual favorites - cybersecurity, AI and cloud. (Finally a chance to use those words in one sentence!)"
https://finance.yahoo.com/news/climb-global-solutions-clmb-minnow-082415203.html
Hweb, who would have ever thunk, that back in the day when you were discussing CLMB while it was still trading @ $10 a share as WSTG, it would be referred to as a "Minnow in a ZILLION dollar space" just a few years later??
Excellent long term call!!
(I don't have as much as I did back in the day, but currently hold a decent position).😎👍
CXDO...Notes from this weeks Crexendo conference presentation...
- Targeting $100M in revenues (almost 100% increase} over the next 2 years (organic growth + acquisitions).
- Approx 70% combined gross margins.
- Strong monthly recurring revenue stream.
- Strong backlog.
- Good cash, very low debt.
- Outgrowing Microsoft Azure & Cisco BroadSoft by 2-1 on a percentage basis.
- Rapid transition of companies moving to the cloud. Approx 70% of the companies internationally still neeed to move over. Not a matter of if, but when.
https://www.crexendo.com/why-crexendo/for-investors/#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjIxNjgzIiwidG9nZ2xlIjpmYWxzZX0%3D
GTEC...Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of Baltimore
(Side Note: Hopefully earnings will be out by early next week).
EAST WINDSOR, N.J., April 10, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced completion of its initial sales delivery to Maryland's Port of Baltimore of the Company's HEVI GEL-5000 all-electric front loader. The sales are part of a bid Greenland won in 2023, under which Greenland will help facilitate the Port of Baltimore's ambitious plan to electrify port equipment.
The HEVI GEL-5000 was purpose-designed to not only improve working conditions for operators but also significantly reduce the cost of ownership. The HEVI GEL-5000 is a 5.0 ton rated load all-electric lithium wheeled front loader that boasts strong power, approximately 40,000 pounds operating weight and increased payload options, making it a clean, green front loader with 9 hours of operation time per charge.
The all electric front loader sets new standards, offering operators numerous advantages, such as simplicity in maintenance, zero operating emissions, and an enhanced overall experience, making it ideal for both indoor and outdoor usage, including construction, mining, agriculture, industrial, urban construction, waste management, property management and more. Customers can learn more about the HEVI GEL-5000 Electric Wheel Front Loader or schedule a demo at www.gethevi.com.
EAST WINDSOR, N.J., April 10, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced completion of its initial sales delivery to Maryland's Port of Baltimore of the Company's HEVI GEL-5000 all-electric front loader. The sales are part of a bid Greenland won in 2023, under which Greenland will help facilitate the Port of Baltimore's ambitious plan to electrify port equipment.
(PRNewsfoto/Greenland Technologies Holding Corporation)
(PRNewsfoto/Greenland Technologies Holding Corporation)
The HEVI GEL-5000 was purpose-designed to not only improve working conditions for operators but also significantly reduce the cost of ownership. The HEVI GEL-5000 is a 5.0 ton rated load all-electric lithium wheeled front loader that boasts strong power, approximately 40,000 pounds operating weight and increased payload options, making it a clean, green front loader with 9 hours of operation time per charge.
The all electric front loader sets new standards, offering operators numerous advantages, such as simplicity in maintenance, zero operating emissions, and an enhanced overall experience, making it ideal for both indoor and outdoor usage, including construction, mining, agriculture, industrial, urban construction, waste management, property management and more. Customers can learn more about the HEVI GEL-5000 Electric Wheel Front Loader or schedule a demo at www.gethevi.com.
📢Digital Brands Bailey 44 NOW OPEN...
https://www.premiumoutlets.com/outlet/allen/stores/bailey-44
DBGI...📢Digital Brands Bailey 44 NOW OPEN...
https://www.premiumoutlets.com/outlet/allen/stores/bailey-44
INMD...Thanks for the heads up everyone. I joined in and bought a position. The numbers you posted SSKILLZ look good. (Looks like very low debt also, which I like).
DTI...Yep. That was a NICE call from gilead. Unfortunately I missed that one too 😕.
Lots of good picks to sift through lately though.
REI/AESI...Nice timing on REI & AESI researcher. I'm still holding a strong position in AESI😀 but missed out on REI😵💫.
IMMR...Nice timing RNsiderbuying.
CSPI...ARIA Cybersecurity Solution (from last week)...
We had a great crowd for ARIA’s presentation at CS4CA: Cyber Security for Critical Assets USA Summit yesterday. William Bent Jr. outlined how to develop a comprehensive, proactive approach to cybersecurity risk management, and detailed the real-world business outcomes enabled by zero-trust transformation.
He also covered available solutions to insulate organizations from known and unknown attacks, including ARIA’s award-winning AZT PROTECT. AZT PROTECT stands out for its ability to thwart an array of attacks like SolarWinds, Sandworm, PoolParty, and even the recent UnitedHealth attack.
If you’re at hashtag#CS4CA today, stop by the ARIA booth to learn how AZT PROTECT can protect your critical infrastructure, or read more here: https://hubs.ly/Q020fLLr0
https://www.linkedin.com/company/aria-cybersecurity-solutions/posts/?feedView=all
CXDO...Crexendo(R) Ranked #1 in 19 Customer Satisfaction Categories in G2's Spring 2024 Reports, Marking the Fifth Consecutive Quarter That Crexendo Has Been Rated First in Multiple Satisfaction Categories
The company was also voted a top trending provider for VoIP, UCaaS, and CCaaS, by real customers.
PHOENIX, AZ / ACCESSWIRE / April 2, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business, today announced that it has been ranked first in 19 customer satisfaction categories in G2's Spring 2024 Reports for VoIP, UCaaS, and Customer Communications Management. G2.com is the leading business software review website where users research and select solutions reviewed and recommended by real, verified customers.
The Spring reports mark the fifth consecutive quarter that Crexendo has been rated #1 in multiple satisfaction categories, besting their total of 18 #1 rankings in G2's Winter 2024 Reports. Crexendo is again voted Best Usability, with #1 ratings for Ease of Setup, Ease of Use, and Ease of Administration. The Company retained the Best Relationships award, with #1 ratings for Quality of Support, Ease of Doing Business With, and Users Most Likely to Recommend. Crexendo was also honored with #1 product feature ratings for Video Conferencing, File Sharing, Voicemail to Email, Voicemail to SMS, CCaaS Option, Native VoIP, and more.
Crexendo was recognized as a top trending provider in G2's Momentum Grid Reports. The Momentum Grid Reports recognize companies that real customers voted as the top trending choices out of all providers in each product category. Crexendo also maintains its 4.9 out of 5-Stars rating, which it has sustained for eight consecutive quarters.
"We are thrilled that real user on G2.com continue to confirm what we already know that our service is second to none. The consecutive top rankings are a testament to the hard work of our entire team. I am convinced that you can't find a better cloud business communications provider than Crexendo. We are the fastest-growing platform in the U.S. with over 4 million end users globally and growing." Said Jeff Korn, Crexendo CEO and Chairman.
Korn continued "This has been a very special time for us with numerous accolades including Frost & Sullivan honoring us with their Competitive Strategy Leadership Award for Cloud Communications. Our innovation, competitive strategy and forward-thinking approach is apparent in our solutions, such as Crexendo's VIP CX cloud contact center platform, which leverages generative AI. Innovation is central to everything we do, and we are very excited about continued innovations coming from Crexendo. We are honored that our customers recognize the efforts of everyone at our Company."
"While there are over 150,000 different software products and services featured on G2, only the highest ranked are recognized each quarter according to their category, company size, geography, and report type," said Sara Rossio, Chief Product Officer at G2. "These reports serve as valuable, tailored lists for buyers conducting research in their purchasing journey. We extend our congratulations to those vendors who have achieved a coveted spot in a G2 report, driven by insights from real customer feedback."
"The B2B software landscape is constantly evolving - and as the world's largest software marketplace, we have a direct lens into what's happening in real-time," said Chris Voce, VP of Market Research at G2. "G2 quarterly reports - rooted in the most recent customer feedback - are trusted by the 90 million software buyers visiting G2.com each year, and those featured in these reports have achieved the highest rankings out of thousands on G2."
About Crexendo
Crexendo, Inc. is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business.
About G2
CLMB...Quote from CEO Dale Foster Re: Climb Global..."“I enjoy it and I have a passionate team behind me that feels the exact same way. It’s more fun now than it ever has been. We have multiple targets [in the] UK and Europe, and then we’ll look beyond that. But then, I don’t know. There’s no end game for me, that’s for sure,”
Climb CEO talks emerging vendors, expansion and UK importance
We speak to the distributor’s chief executive, Dale Foster, who has plans to widen the reach of the business and believes the need for specialists remains as high as ever
Published: 28 Mar 2024
https://www.computerweekly.com/microscope/news/366575756/Climb-CEO-talks-emerging-vendors-expansion-and-UK-importance
ISUN...Picking up steam...The Next2Sun joint venture deal announced at the end of last year is pretty interesting...
"Construction of the first agrivoltaics plant with Next2Sun system will begin in Vermont in early 2024.."
Earnings should be out soon, so hopefully we get an update. (BTW, Next2Sun just recently built the world's largest vertical PV plant at Frankfurt Airport https://solarpowermanagement.net/article/118641/_Next2Sun_Builds_Worldand_s_Largest_Vertical_PV_Plant_at_Frankfurt_Airport )
Vertical agrivoltaic plant to be constructed in Vermont
Vertical solar plants with bifacial modules can absorb more energy than other tilted models and are finding agricultural application around the world.
Here's the iSun / Next2Sun news...
JANUARY 8, 2024
U.S. solar company iSun Inc. is partnering with German agrivoltaics manufacturer Next2Sun AG to construct a vertical agrivoltaic system in South Burlington, Vt., set to begin operation early this year.
The 50.37 kW (ac) plant will sit on 3.7 acres and consist of 3 rows separated by 30 feet. There will be 138 monocrystalline bifacial solar modules placed on 69 ground-mounted Next2Sun racks. Next2Sun also states that vegetables and saffron can be planted between each row.
Vertical solar plants are an alternative for landowners transitioning to renewable energy because their directional orientation and bi-facial design allow them to absorb more energy than other tilted models. One study published in the Office of Scientific and Technical Information database found that ground-mounted, vertical, east-west facing bifacial solar panels outperformed south-north-facing, optimally tilted modules by almost 15%, showing an albedo of 0.5 percent.
Next2Sun reports that its vertical plants help to avoid the overbuilding of agricultural land because they take up less space. One Colorado farmer found that installing vertical, bi-facial solar panels offered a cost-effective and environmentally friendly alternative for renewable electricity generation. “Nestled between two greenhouses, the unique vertical bifacial solar panel system optimized land use while potentially capitalizing on the high albedo effect of the highly reflective greenhouse materials,” he said.
This most recent project is part of a more extensive portfolio of Next2Sun’s patented solar panel design. At the start of 2023, the company announced a partnership with international green energy infrastructure developer TEP Renewables Ltd to expand agrivoltaic systems in the U.K.
The Next2Sun system also adds to iSun’s burgeoning clean energy technology portfolio. The organization has been exploring innovative solutions to help advance technology since the early seventies. “Of all the innovations we’ve enabled, none have been as important as the transition from dirty to clean energy,” the company states.
The Renewable Energy Solutions Program of the German Energy Solutions Initiative supports the project. The program helps German companies in the renewable energy and energy efficiency industry enter new markets. The initiative is part of a government program intended to support suppliers of sustainable energy solutions start in foreign markets.
The German Energy Solutions Initiative focuses on helping small and medium-sized businesses. It supports participants by giving them a good idea of what’s needed to enter a specific market in addition to sharing insights on what new markets to watch out for.
Heiko Hildebrandt, the CEO of Next2Sun, said, “In iSun, we have found a partner who, like us, wants to accelerate the energy transition. With our vertical bifacial agrivoltaics system, we can contribute to this, especially in areas such as the north-east of the USA. The vertical Next2Sun system always produces electricity when conventional P.V. systems are producing less.”
https://pv-magazine-usa.com/2024/01/08/vertical-agrivoltaic-plant-to-be-constructed-in-vermont/
CXDO...CX Transformation: How Enhancing CCaaS with AI Is Revolutionizing Customer Experience
https://www.crexendo.com/blog/cx-transformation-how-enhancing-ccaas-with-ai-is-revolutionizing-customer-experience/
STCN...Thanks much for eveyone's time and responses.👍
STCN...TY mandjb.
STCN...mandjb, what do you make of the preferred having a conversion price of $10.27? If all preferred were converted, wouldn't it add approx $203M to the balance sheet? Or am I figuring this wrong?
STCN...Thanks littlefish and mandjb. All things I'll keep in mind. Going to keep following ModusLink and cool my heels a bit. Will see what this Q brings
STCN...Thank you littlefish. What is it about the share structure that sends up a red flag? No need for a quick response, it's just that the stock has very little volume, so just trying to be cautious and appreciate anyone's opinion, especially anything that looks to be negative.
Re: Share structure...There is a very heavy fully diluted insider ownership. I posted this a while back from info posted in STCN's Q1 10Q (I veiwed this as positive, but like I said, I keep thinking I'm missing something)...
From the 10 Q (page 26)...
"On May 1, 2023, the Company and Steel Holdings executed a series of agreements in which the Steel Partners Group agreed to transfer certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect"
"Following approval of the Nasdaq Proposal by the Steel Connect stockholders (the “Stockholder Approval”), the Series E Convertible Preferred Stock became convertible into an aggregate of 19.8 million shares of the Common Stock, and votes together with the Common Stock and participates in any dividends paid on the Common Stock, in each case on an as-converted basis."
From the 10Q (page 37)...
"Any holder of the Series E Convertible Preferred Stock (“Holder”), may, at its option, convert all or any shares of Series E Convertible Preferred Stock held by such Holder into Common Stock based on a conversion price of $10.27 (the “Conversion Price”) per share".
STCN&cdn=cdda6eab612d1b4782f68846ceb63c97&companyName=Steel+Connect+Inc.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2023-12-14" rel="nofollow noopener noreferrer ugc" target="_blank">https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317925943&type=HTML&symbol=STCN&cdn=cdda6eab612d1b4782f68846ceb63c97&companyName=Steel+Connect+Inc.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2023-12-14