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GigaMedia Announces Second-Quarter 2022 Financial Results
July 29 2022 - 09:00AM
PR Newswire (US)
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TAIPEI, July 29, 2022 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its second-quarter 2022 unaudited financial results.
https://ih.advfn.com/stock-market/NASDAQ/gigamedia-GIGM/stock-news/88711572/gigamedia-announces-second-quarter-2022-financial
Stock showing some interest since yesterday.
Anyone else playing this from yesterday.
Looks like it could be a low float play.
Lots of cash on hand.
anybody paying attention to GIGM anymore, I just read of potential for Truth Social platform.
ASIA. NFT GAMING HOT SPOT https://the-ken.com/sea/story/axie-infinity-and-beyond-what-makes-vietnam-an-nft-gaming-hotspot/
Game-stop Assembling NFT Team...https://markets.businessinsider.com/news/currencies/gamestop-nft-web3-jobs-specialists-crypto-2021-10
Play to Earn!! Gaming And Gigm Is Set Up Off Shore! TAIWAN Just As ABQQ Will Set Up Film @ Music Offshore...SINGAPORE
Interesting find also.
https://aeolusbot.com
Wowza, look at the cash position
https://www.otcmarkets.com/filing/html?id=14469105&guid=dEzpUeIQNuYr5yh
Wowza, why would they loan out 10 million dollars to the robot company and have a possible future strategic relationship.
https://www.otcmarkets.com/filing/html?id=14368189&guid=dEzpUeIQNuYr5yh
Over 10 million volume after hours. Interesting. Lets see if there is any continuation with the volume tomorrow.
This is possibly the next NFT play, the interesting part is heavy loading by the CEO up to a million shares, low float and nice cash position, well over 40 million dollars. This could potentially hit 10-15 dollars on news, watching from sidelines. Good luck.
* * $GIGM Video Chart 03-24-2021 * *
Link to Video - click here to watch the technical chart video
Yes, very nice!!
News: $GIGM Notice of The Twentieth Annual General Meeting of Shareholders
TAIPEI, Taiwan , May 25, 2019 /PRNewswire/ -- GigaMedia Limited Incorporated in the Republic of Singapore Registration No.: 199905474H REGISTERED OFFICE 80 Robinson Road, #02-00 Singapore 068898 NOTICE IS HEREBY GIVEN that the 20th annual general meeting of th...
Read the whole news https://marketwirenews.com/news-releases/notice-of-the-twentieth-annual-general-meeting-of-shareholders-8246164.html
Back in and large at 3
From q3 2017 publishes on Oct 31
Barry Honig's brother and family involved in GIGM,
Guy on Twitter noted Barry was in RIOT around $5, birds of a feather?
A bunch Of Honigs at least one of whom is more than a little dodgey, but they always seem to be around money and big runs, who knows?
https://www.sec.gov/Archives/edgar/data/1105101/000165495417005116/honig13ga-am3.htm
Rock on. $5++ thursday?
Whoa, where did this volume come from? Did they announce crypto something? LOL
Hwang Collin has filed a new 13G, reporting 6.3% ownership in $GIGM - https://fintel.io/soh/us/gigm/hwang-collin and https://fintel.io/i/hwang-collin
Just video games? Why not online gambling?
More insider buying today...
http://www.conferencecalltranscripts.org/4/summary2/?id=2291358
Res!!!!!! I dumped ip for quick profit with all the board changes, didn't like sound of it
and was in touch (brad finally gone)
I will come back after R/S don't think they will avoid it
watch COYN, do some dd, should be great one
Best Always!
CJ
wow CJ you've got some big balls! That's some serious cheese you are laying down. What makes you so sure about GIGM? The CEO hasn't delivered on any single promise since he's been CEO...what really concerns me is they stopped the pubic CC w/ Q&A. Revenues are not growing as they continue to burn through cash. Tesseratic is a real stretch and gigacloud isn't exactly making waves. Their mobile games division is the only thing keeping this afloat as far as I can tell.
I like the CEO buying shares and I like that they are cleaning house with board members, but IDK if that's enough.
Unfortunately, I think there's a 90% chance of reverse split...can't imagine that will be good for shareholders unless Giga can right this ship. As far as I can tell it's going down like the titanic.
I did take this opportunity to double down, but it may just be wishful thinking. Good luck buddy...
-resident
Ive taken close to 40k shares bite .59 to start off Massive Inside buy. maybe ill grab a 100k
http://www.sec.gov/Archives/edgar/data/1105101/000120919115080419/xslF345X03/doc4.xml
Now if I only can only get a hold of CCraft again :)
Stock as well has traded different since http://article.wn.com/view/2015/11/10/Tesseratic_Container_Engine_A_Container_Platform_That_Can_Ru/
I think 200 day and 1 dollar land up soon (aviod need for R/S) as well
Best--> CJBORO
2002 was when they were an ISP and before they bought the record stores. Kinda funny how many business plans this company has burned through.
It held around $1 because people were comfortable with the cash. If this deal closes then the cash is replaced by ... what? They haven't really laid out how they are going to make the acquisition work.
Here's the lowest PPS recorded for GIGM:
Nov 21, 2002 0.61 0.68 0.56 0.56 320,900 0.56
Nov 20, 2002 0.76 0.76 0.57 0.57 416,100 0.57
Nov 19, 2002 0.89 0.92 0.69 0.72 484,000 0.72
Nov 18, 2002 0.80 0.92 0.75 0.84 783,000 0.84
Nov 15, 2002 0.63 0.87 0.62 0.80 706,500 0.80
Nov 14, 2002 0.51 0.59 0.51 0.59 41,700 0.59
Nov 13, 2002 0.58 0.64 0.50 0.51 63,500 0.51
Nov 12, 2002 0.51 0.56 0.48 0.56 41,600 0.56
Nov 11, 2002 0.52 0.59 0.20 0.51 100,200 0.51
Nov 8, 2002 0.59 0.60 0.49 0.60 22,000 0.60
Nov 7, 2002 0.63 0.67 0.49 0.61 36,000 0.61
Nov 6, 2002 0.45 0.67 0.43 0.62 415,200 0.62
Nov 5, 2002 0.43 0.45 0.43 0.45 155,200 0.45
Nov 4, 2002 0.44 0.44 0.42 0.42 198,000 0.42
Nov 1, 2002 0.44 0.45 0.43 0.43 83,800 0.43
As far as I can tell, we are trading at or near the all time lowest close of 42 cents. It's interesting that the stock held at $1 for quite a while with very little positive news. I think the recent turmoil in the shanghai markets has greatly impacted GIGM pps...however, the GIGM acquisition of StrawberryNET is going to catch on...when it does the pps should move up in a big way. I'm adding to my position at these levels, and will continue to add if we drop further.
Alexa rating for Strawberrynet.com
www.alexa.com/siteinfo/strawberrynet.com
It's interesting that the highest percentage of visitors are in China, and yet that's their lowest market penetration. If Gigamedia can tap into the market in China, then I think they'll bring home the bacon.
On a side note, the Shainghai markets have already corrected 30-40%...hopefully not much downside left. I think that (market sentiment) is the only reason GIGM is so cheap right now.
Regarding the possibility of reverse split to meet Nasdaq requirements...I kind of doubt Giga will do this because it would put the CEOs shares at risk of being devalued if the stock dropped after the RS. Let's see what they can do in the next 6 months.