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Sure seems like it's dead.. How's this does not even get any attention is weird... I get that people hate Todd Milton but this stock is literally on it's own and separate to NILE, and with a management in place.
May be some nice anticipation on this going in to the merger update call…
Bids are starting to go higher.. Still no volume but the level 2 is changing.
Still in the works but 0 vol. Worse than watching paint dry. Haha.
Very interesting merger with Turn on Green, anyone have an estimate for the completion date? Is this still in the works?
Will this be a jackpot in 2 months? We shall see. $2-$4 my targets
Talked to TDA. Some issue with Citadel. They are routing away from CDEL so no issue now.
Any idea why this moves to Unsolicited Quotes?
TurnOnGreen and Digital Power are generating $45M-$50M a year. BiteNile already said they will help IMHC with Nasdaq uplisting. Shares issued are locked and restricted from trading for at least a year or more. Warrants will be exercised at much higher prices such as $10! Will find out more soon!
Very rough math: When they distribute the 140M of already Bitnile owned IMHC shares among NILE holders that own the 80M NILE shares, that's ~1.5 shares per ownership of 1 NILE share + whatever value of the NILE share included in the NILE SP.
At the current SP of 60 cents, doesn't it just kind of make more sense to buy Nile?
Add to that the fact that the SP of IMHC could either be immediately diluted - which is likely since in the PR there will ALSO be 140M IMHC warrants distributed, therefore cutting the stock value in half right then and there.
ALSO add to that the fact that Nile holders will probably sell off a bunch of IMHC shares as soon as they get them to make a quick buck (and since IMHC will probably initially tank a bit this will just compound that issue).
**Basically what I'm asking here is: Am I missing anything? How is buying this right now a good investment ATM? Honest Q.
It’s ok because when they wake up on this, it will be trading north of $1. Nasdaq listing minimum $4
This ever gonna get some volume again? People sleeping on this still….
So quite here, but this is heading straight to $5-$10 next coming months.
Check out this DD thread! It’s a huge merger play!
$IMHC looks like $NILE has spun out its entire EV division into TurnOnGreen via the reverse takeover by $IMHC including Coolisys Technologies and Digital Power Corp. This is a huge merger play! $MULN https://t.co/lF0p2tsuUI
— Terry (@TerryChenOK) March 26, 2022
AND they are already generating revenue! 🚀🚀 https://t.co/NRBI15Zssn pic.twitter.com/hBDPvrhVJ5
And you are here to….?
DD please before speaking
this stock is for the sole purpose of lining the owners pockets with cash, it was a pump off their nasdaq pump which dumped just s fast
You don't have to answer that question that I asked in the last post. One quick glance of the chart tells me there is no dilution! Crazy the stock is still down here at these prices but it is like I said in the last message I sent you 30 minutes ago, such has been the OTC lately! IMHC should closed .50 Monday and have hit $3+ dollars Tuesday! Ummfh....
I'm surprised this stock has stayed down. I have not been monitoring it because I put what money I had to invest in the stock that I gave you the ticker on in the last message I sent you on this board (you could have gotten that stock at $1.20 Monday when I gave it to you; they closed at $1.50 yesterday and could go to $40 dollar range so easily imo).
My question on IMHC is, have they diluted this week to keep the stock down?
At the moment, I'm not touching OTC stocks although the ticker I gave you Monday is an OTC but it is an OTC of a different color. It's been too hard to make a living in the OTC in what should have been a bull market and since going to the big boards I have not been disappointed!
Giving it to you 1moreTIME. You need to look at this 3 month chart of this 22 million OS and the PRs; it could touch $50 depending on how it breaks out but it is going to break out today!
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CGSI&insttype=Stock&freq=1&show=&time=6
FILLED SOME .17Z, EZ ADD OFF THE 65% RETRACE~ $IMHC
TurnOnGreen Reports Significant Milestones in Tim Hortons Installation
Milpitas, CA, March 21, 2022 — TurnOnGreen, Inc. (“TurnOnGreen”), has resumed work on the installation of its Level 3 electric vehicle (“EV”) chargers at the first of three Tim Hortons quick-service restaurant locations in Canada. COVID-19 pandemic-related supply chain issues and restricted access to Canada delayed the pilot program. Since resuming in February 2022, significant milestones have been reached.
https://turnongreen.com/news/turnongreen-reports-significant-milestones-in-tim-hortons-installation/
The parties to the Agreement (the “Parties”) have agreed that, upon completion of the Transaction, IMHC will change its name to TurnOnGreen, Inc., and, through an upstream merger whereby the current TurnOnGreen shall cease to exist and have two operating subsidiaries, TOG Technologies Inc. and Digital Power Corporation. Promptly following the closing of the Transaction, IMHC will dissolve its three dormant subsidiaries.
Here’s the big dump back to .20 where the pump
Started
$IMHC BitNile Holdings’ Subsidiary, TurnOnGreen, to Be Acquired by BitNile Holdings’ Subsidiary, Imperalis Holding Corp. (OTC Pink: IMHC), Creating a Publicly Traded EV Charging and Power Solutions CompanyPress Release | 03/21/2022
BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that it and its subsidiary TurnOnGreen, Inc., an electronic vehicle (“EV”) charging and power solutions company (“TurnOnGreen”), have entered into a securities purchase agreement (the “SPA”) with Imperalis Holding Corp. (OTC Pink: IMHC) (“Imperalis”), a publicly traded subsidiary of BitNile, whereby TurnOnGreen will, upon closing, become a subsidiary of Imperalis (the “Acquisition”).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220321005274/en/
Upon completion of the Acquisition, which is contingent upon the completion of an audit of TurnOnGreen and each party’s satisfaction or waiver of certain customary closing conditions set forth in the SPA, Imperalis will change its name to TurnOnGreen and, through an upstream merger whereby the current TurnOnGreen shall cease to exist, have two operating subsidiaries, TOG Technologies Inc. and Digital Power Corporation. Promptly following the closing of the Acquisition, Imperalis will dissolve its three dormant subsidiaries. Subsequent to the Acquisition, BitNile will assist TurnOnGreen in pursuing an uplisting to the Nasdaq Capital Market, subject to Nasdaq’s seasoning rules and other criteria for listing.
The Company anticipates that stockholders of BitNile will in due course receive a dividend of securities of TurnOnGreen. BitNile expects to distribute to BitNile stockholders approximately 140 million of its common shares and an equal number of warrants to purchase such shares of TurnOnGreen at the time of the record date to be set therefor, subject to regulatory approval and compliance with US federal securities laws.
Milton “Todd” Ault, III, the Company’s Executive Chairman, said, “We are excited to sponsor the acquisition of TurnOnGreen by Imperalis that will, upon closing of the SPA, result in a publicly traded company, TurnOnGreen, dedicated to continuing the development, manufacturing and sales of its proprietary power solutions and EV charging systems serving both residential and commercial segments. We look forward to TurnOnGreen’s contribution towards enabling the electrification of American vehicles and its participation in reshaping the nation’s infrastructure to support this green technology.” Ault continued, “We structured this transaction to benefit our stockholders who have been supportive of our transformation from a power solutions company in 2016 to a diversified holding company serving multiple sectors and developing and deploying an array of innovative technologies and products. We believe this transaction, creating a pureplay public company focused on EV chargers and power solutions, will be accretive in value for our stockholders.”
Upon the closing of the Acquisition, TurnOnGreen will continue to be led by its Chief Executive Officer, Amos Kohn and its Chief Revenue Officer, Marcus Charuvastra.
“We look forward to the closing of the acquisition and the ability of TurnOnGreen to leverage public markets to drive the development and distribution of our innovative technology,” said Amos Kohn, CEO of TurnOnGreen. “TurnOnGreen has a team of experienced professionals, and we are excited about the stockholders of BitNile becoming stockholders of TurnOnGreen and together continuing the journey to deliver on the vision of making green energy technology a part of our everyday lives.”
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen, Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220321005274/en/
IMHC “only” up 380% on the day.
IMHC seeing some buying return. NILE is running hard. IMHC should follow.
But NOT over in IMHC's 'parent' Company, i.e., NILE shares, Dude.
EV chargers everywhere, tonnes of companies...this is a P&D
IMHC “Creating a Publicly Traded EV Charging and Power Solutions Company”
Going to dump it hard here. Another fdoc scam
Owners personal ATM off NILE pump
I am not 100% sure what will or should happen. So far I just love the upside
so is this getting listed on naz??
YES SIR~ $IMHC
Monster setup!
LETZZZ GO~ $IMHC
Damn this opened up high
Here is what I just picked up 8003 shares of at 1.25
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CGSI&insttype=Stock&freq=1&show=&time=7
Thanks 1Time, that is great news for this stock.
I going for another one this morning though. Do you use twitter?
I just posted on $IMHC on twitter saying 1Time says IMHC is a go.
Find me there and give me a follow and I give you a follow as well so that I can send you a PM of a stock w/ a 21.9 mil OS 16 mil float with recent acquisitions no resistance that will make you chit a brick when you see the chart!
I can't give you the ticker until after I get them myself; Hopefully I can get them early. It will be tough because they are so low volume
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