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Big players who have $378 million to invest and get rid of the debt along with Yorkville Advisors?
How is the debt more manageable when they can not find investors at $10.75 to squash out the debt?
Yorkville Advisors is not investing.
They will just act as an intermediary to sell shares to unsuspecting retail degenerates.
I usually like to flip intra day, but it's quite obvious to me I'd be missing a lot of premarket upticks over the course of the next year. So I decided to hold AGBA for that reason. I've been watching Connor rise to a marketing empire thru blood, sweat and tears since 2016. BKFC and whatever venue Connor McGregor chooses to create with his marketing vision will strongly increase BKFC/AGBA future revenues. That's just a no brainer. AGBA's/Triller's debt is far more manageable with the merger. Another no brainer. One more no brainer...shorting AGBA. Anyone shorting AGBA at this time is living proof there are people out there with no brains. Below is my favorite Charlie Munger advice...God rest his greatly inspiring soul.
After being burned so many times on stocks, it’s hard to believe how big this might be! But seeing them on the T.V should tell something..GL
"Welcome to the big leagues. David Feldman, baby, we did it," McGregor said, referring to the BKFC president. Triller will remain the majority shareholder of the promotion while McGregor Sports and Entertainment enters as a part owner."
Enough said!!!
https://www.espn.com/mma/story/_/id/40041845/ufc-star-conor-mcgregor-becomes-part-owner-bkfc
TicToc doesn't matter. AGBA will grow anyway.
I'll be holding a year until annual anyway.https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174366580
10:30 central time always shows trajectory for the day….
CGC Bottomed out, Headed higher into 10s today
Pretty sure no one knows about this yet!!! Always early to the show one week and this weekend should ignite this!!!
So it would be at least a year before a ban goes into effect — but with likely court challenges, this could stretch even longer, perhaps years. TikTok has seen some success with court challenges in the past, but it has never sought to prevent federal legislation from going into effect.
RELATED COVERAGE
FILE- Activists of Jammu and Kashmir Dogra Front shout slogans against Chinese President Xi Jinping next to a banner showing the logos of TikTok and other Chinese apps banned in India during a protest in Jammu, India, July 1, 2020. (AP Photo/Channi Anand, File)
TikTok may be banned in the US. Here’s what happened when India did it
Some of the 30 child influencers invited by toy company Cepia LLC wave at an event held to launch its new fashion doll line called Decora Girlz, at an FAO Schwarz store on March 2, 2024 in New York. Cepia began investing in TikTok in 2019. (AP Photo/Anne D'Innocenzio)
Big brands could pivot easily if TikTok goes away. For many small businesses, it’s another story
Content creator Jensen Savannah, left, and her fiance and brand manager Jorge Millares, produce a client video at El Puro Cuban Restaurant, Thursday, March 14, 2024, in Charlotte, N.C. (AP Photo/Erik Verduzco)
What TikTok creators say a ban would mean for them
WHAT IF I ALREADY DOWNLOADED IT?
TikTok, which is used by more than 170 million Americans, most likely won’t disappear from your phone even if an eventual ban does take effect. But it would disappear from Apple and Google’s app stores, which means users won’t be able to download it. This would also mean that TikTok wouldn’t be able to send updates, security patches and bug fixes, and over time the app would likely become unusable — not to mention a security risk.
BUT SURELY THERE ARE WORKAROUNDS?
Teenagers are known for circumventing parental controls and bans when it comes to social media, so dodging the U.S. government’s ban is certainly not outside the realm of possibilities. For instance, users could try to mask their location using a VPN, or virtual private network, use alternative app stores or even install a foreign SIM card into their phone.
But some tech savvy is required, and it’s not clear what will and won’t work. More likely, users will migrate to another platform — such as Instagram, which has a TikTok-like feature called Reels, or YouTube, which has incorporated vertical short videos in its feed to try to compete with TikTok. Often, such videos are taken directly from TikTok itself. And popular creators are likely to be found on other platforms as well, so you’ll probably be able to see the same stuff.
“The TikTok bill relies heavily on the control that Apple and Google maintain over their smartphone platforms because the bill’s primary mechanism is to direct Apple and Google to stop allowing the TikTok app on their respective app stores,” said Dean Ball, a research fellow with the Mercatus Center at George Mason University. “Such a mechanism might be much less effective in the world envisioned by many advocates of antitrust and aggressive regulation against the large tech firms.”
SHOULD I BE WORRIED ABOUT USING TIKTOK?
Lawmakers from both parties — as well as law enforcement and intelligence officials — have long expressed concerns that Chinese authorities could force ByteDance to hand over data on the 170 million Americans who use TikTok. The worry stems from a set of Chinese national security laws that compel organizations to assist with intelligence gathering - which ByteDance would likely be subject to – and other far-reaching ways the country’s authoritarian government exercises control.
Data privacy experts say, though, that the Chinese government could easily get information on Americans in other ways, including through commercial data brokers that sell or rent personal information.
Lawmakers and some administration officials have also expressed concerns that China could - potentially – direct or influence ByteDance to suppress or boost TikTok content that are favorable to its interests. TikTok, for its part, has denied assertions that it could be used as a tool of the Chinese government. The company has also said it has never shared U.S. user data with Chinese authorities and won’t do so if it’s asked.
In April 2024, US president Joe Biden signed into law the Protecting Americans from Foreign Adversary Controlled Applications Act, which is an effective ban or forced sale of TikTok from its parent company ByteDance. The video-sharing platform had sparked concerns over potential user data collection and influence operations by the Chinese government. Previous efforts by the Trump administration to ban the app or force its sale were stopped by the courts and the Biden administration.
selling all at around 9-10
Btw, less than mill vol equals small selling.
AGBA~ Triller on CNN..Expecting full interview out shortly. CNN takes up to 12 hours after airing to release to the net the full interview.
Stay tuned for link to full feature! 👏 pic.twitter.com/RrolDo0z8F
— TRILLER (@triller) May 8, 2024
Triller Corp. is being sold in an all-stock transaction, as the Hollywood-based content platform looks to align itself as a “digital leader” and a strong alternative to TikTok. The merger with AGBA Group Holding Ltd. will mark the completion of Triller’s long-running plan to go public, a journey which included the cancellation of a multibillion-dollar reverse merger in 2022. Triller said the combination of Hong Kong-based AGBA’s financial expertise with Triller’s content creation capabilities will “set the stage” for Triller to emerge as a prominent competitor to TikTok.
Triller markets itself as an artificial intelligence-powered platform for creators and brands to promote content, generate commerce and engage with fans. It will become a wholly-owned subsidiary of AGBA through the transaction, which will create a combined company valued at $4 billion. Triller’s restricted stock unit holders and shareholders will receive 407 million shares of AGBA’s stock and will own 80% of the resulting combined company, while AGBA’s shareholders will own the remaining 20%. In the day following the deal’s announcement on April 18, AGBA’s stock price increase by about 158% to $1.03 per share. The deal has been approved by both companies’ boards and is pending regulatory and stockholder approvals.
“We believe the market is still in the process of digesting the news of the merger,” a company spokesperson said. “The AGBA and Triller teams are working at full speed to close the merger and implement plans and processes (to) allow us to take advantage of current market conditions and believe that the share price will reflect the full value inherent in our transaction in due time.”
Triller will remain in Hollywood and plans to develop a new content creator-focused headquarters at a still-undecided location in Los Angeles. The company added that it also plans to expand its team, which currently has a headcount of about 200. A Triller spokesperson said it doesn’t have any exact number of people it’s looking to hire but is actively seeking front- and back-end developers, influencer and talent management, operations personnel, salespeople and marketing positions. They added that the creator headquarters is still “early stage” and will include a gym, stage, podcast studio and event space.
Triller Chief Executive Bobby Sarnevesht will stay on in his role following the merger, and AGBA group president Wing-Fai Ng will serve as chief executive of the combined company. Sarnevesht said in a statement that Triller believes the deal will be the most efficient route for the company to access public capital markets and secure the liquidity needed to achieve rapid growth and new milestones.
“Through this merger, we are poised to accelerate our innovation trajectory and significantly expand our market presence, creating unparalleled value for our users and stakeholders globally,” Sarnevesht said.
Prior to the merger announcement, Triller filed for a direct listing on the NYSE last August. In January, it filed an amended S-1 indicating that Triller intended to execute that direct listing at an unspecific date this year. The amended filing also showed that, due to an intentional purge of “bot” and duplicate accounts, its user count had declined from 500 million to 327 million.
“Triller will effectively be going public upon consummation of the merger … making a standalone direct listing unnecessary,” a spokesperson said.
Triller currently has about $378 million of total liabilities, including $172 million of long-term debt and $81 million of warrant liabilities. A spokesperson said a significant portion of the company’s long-term debt will be converted into equity and a cashless ‘net’ exercise warrant will take place, which will reduce Triller’s liabilities by $185 million. The remainder of Triller’s liabilities are reportedly related to day-to-day operations and will be assumed by the combined new company upon the merger’s closure.
“These actions are indicative of the confidence Triller’s shareholders have in Triller and reflect their support towards the merger,” the companies said.
Just catching up on DD looks solid!
Video sharing platform Triller withdraws NYSE direct listing
May 6, 2024
ILLR
Triller, which operates a video sharing platform with owned media content, withdrew its SEC filing for a NYSE direct listing on Monday. It had filed in August 2023 and last updated its prospectus this past January.
The company's withdrawal request follows its announcement last month that it plans to list via reverse merger with Hong Kong-based financial services firm AGBA Holdings (Nasdaq: AGBA), which itself went public via SPAC merger in late 2022.
Triller's primarily short-form video platform competes with TikTok, which faces a potential ban in the US within a year if it is not divested from parent ByteDance.
The Los Angeles, CA-based company was founded in 2015 and booked $46 million in revenue for the 12 months ended September 30, 2023. It had planned to list on the NYSE under the symbol ILLR. Clear Street and Rosenblatt Securities were slated to serve as financial advisors.
We had 2 great consolidation days and now ready for “LEVEL UP”
Some BIG players in this one you know who are…
100% 🎯 Been a fun ride up from .75cent initial buy in. Bullish fo sure!!
#Bullish $AGBA $3.66 +7.02% pre-market
i hope we can keep these gains in pre-market.
Triller CEO says deal with Bob Diamond-backed $AGBA will revitalize social media push
https://t.co/0r9X8iS261
$AGBA~ Triller and Nasdaq Listed AGBA Group: A Strategic Merger Revealing a $4 Billion Digital Powerhousehttps://t.co/VNftnWvgdw@DACE0325 @JusticeleagueDD @BerkshireCapGrp @rigatoni33 $ADBE $AMAT $AMT $AMZN $BABA $BYND $CRON $DIS $DISH $ELY $FDX $GOOG $HD $INTC $IWM $JPM $LK… pic.twitter.com/o4NlIcNOvh
— TDogzz 🇺🇲🌴 (@jctb1) May 8, 2024
Do you think the $4 billion valuation is in cash? Again, the guy didn't become a billionaire not knowing what he's doing. All your pessimistic and hypotheticals are beyond annoying. The merger hasn't even happened yet for fck sake. Take your ADHD meds and chill.
-OUT-
Woof.
This guy goes on TV and people are silent af.
Guy gets asked about the debt and says they are working on it.
WTF.
What about the $4 Billion Valuation?
If there is no alternative found, that guy on iHub who said Yorkville Advisors is going to hit the bid relentlessly might be right.
No Richard Tsai with $400 million investment at $10.75 then no one should care.
Congrats!! That’s what it’s all about!!
CORE!
See you in double digits soon!
$AGBA
Very nice. I finally have my core up to where I’m want it as I had to deplete some the other day when we hit 4.24 area
Never complained about anyone flipping here, only your incessant nagging about stuff that doesn't matter yet. Anyone who can successfully flip in and out as we go up more power to them. Having you on ignore insures I don't have to see it anymore. Good day sir
Couldn't help myself, added $3.38 after hours! Avg is $3.50, with 1600 shares. Looking to add another 400-800 shares if we come down more.
Captain Nemo's!
Tune in CNN International today at 6:40pm ET/ 3:40pm PT to see Triller CEO @BobbySarnevesht Live on First Move with Julia Chatterley ‼️
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#CNN #CNNInternational #FirstMove #TuneIn #Triller #Trending
Tune in CNN International today at 6:40pm ET/ 3:40pm PT to see Triller CEO @BobbySarnevesht Live on First Move with Julia Chatterley ‼️
— TRILLER (@triller) May 8, 2024
.
.#CNN #CNNInternational #FirstMove #TuneIn #Triller #Trending pic.twitter.com/9bARW52Zfd
@triller CEO Bobby Sarnevesht is scheduled to speak on CNN at 6:40 pm ET today. Tune in!
#Nasdaq: $AGBA
@MRc2
Bru, are we getting another PR saying we got a $4 billion merger again tomorrow?
Have you told your handlers the degenerates need more?
I flip, I must live in someone's basement.
You flip, so who's basement do you live in?
Wrong answers only.
Beautiful consolidation….float locked only 17mm for several more weeks. This will get the bull SPAC run like all spacs do before crash but real company behind this so crash I ain’t happening but we have seen spacs run well into the 80’s. No dilution here for weeks. 55 of 77 are accounted for as well as a lot of the remaining 22. Obviously different story once merged co goes day one as triller shares come in. Until then or weeks out, share are going to get extremely hard to come by. Hence, there is less than 24k shares short or 0.14% as no one is stepping in front of this freight train with Hong Kong money behind that want to make REAL money
$AGBA Press Releases & Market Activity 5-day change +34.28% Since January 1st +682.70%
https://nasdaq.com/market-activity/stocks/agba/press-releases
Added more, $3.41. I'll wait till tomorrow to see how it looks again. Kind of hoping to see $3.10 to $3.20 range to load the rest. Then I will have successfully flipped out of it and back in lower. Took a lot of patience this time.
True on the merger done deal, BUT, that evaluation was set by the board right? I think institutions will start flooding in after the merger is complete. Maybe before per minimum bid requirement met, but they may want to make sure it's permanently met, which the influx of their cash may solidify this. Little over 3 weeks away. I've been picking blocks up here and there and will see if this drifts lower in $3's to pick up more. A solid announcement of a higher per share financing commitment, according to that warrant owning flipper on here may carry some weight? I'm not an expert in that area at all, but I can kind of see where he is coming from. Bit too many catalysts in the box for the bid to get trampled downward by the current finance company, but anything can happen I guess. Good luck.
-OUT-
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OUR NASDAQ PAGE
OVER 20+ years in experience
MORE THAN 400,000+
Trusted customers
GREATER THAN 2000+
Financial advisors
GROWING AT 2600+
Workforce
OUR UNRIVALLED VALUE PROPOSITION
Leading integrated
Health & Wealth Platform
Financially Sound
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Financial Products
800+ | 400+
Doctors | Specialists
800+
Clinics
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Source: AGBA Group Holding Ltd
AGBA | 18 Apr 2024
AGBA | 04 Oct 2023
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