MICT Inc (MICT)

[gp22]

Closes $54M offering...Now has $127M cash

https://www.otcdynamics.com/mict-mict-announces-closing-of-54-million-registered-direct-offering-priced-at-the-market-under-nasdaq-rules/

[honest dave]

Their losing money and selling on hype news. LOL and I'll take as many MICT as I can.

[0210]

"...purchase price of $2.80 vs. current $2.30 pps, hmmmmmm sweeeet!...19,285,715 shares of common stock and (ii) 19,285,715 warrants to purchase 19,285,715 shares of common stock at a combined purchase price of $2.80.

https://ih.advfn.com/stock-market/NASDAQ/mict-MICT/stock-news/84486395/mict-announces-54-million-registered-direct-offer

[0210]

Much sweeeter 2.20s.

[makingitnow]

positive article. thanks for the link

[Obi-Jan-Kenobi]

If they issue shares at 2.80 then this is a steal. Those private companies don't like to lose money or break even. I expect the fireworks to start very soon.

[makingitnow]

bought more at 2.57 2.50 and 2.44. I cant buy anymore. average price is 2.80. come on.

[0210]

Sweet $2.40s. Loading boat.

[saigai]

paid promo but still the reaction to the placement is overdone and i agree with the author ...game on but the dip

[Tadaaa]

Nice !!!

[AlphaStockNews]

$MICT announced that it has raised $54 million. These funds are not for cash burn, this is great news! https://cnafinance.com/mict-stock-this-fund-raise-is-great-news/

[Spydee13]

Going to buy here once my funds clear. This is looking good

[saigai]

been loaded and knew it was coming...glta

[gp22]

MICT: Pre-market volume building. Last of sub $3 shares available. Load up

[makingitnow]

This has been squeezing on the daily for Days and in a uptrend. holding here

[gp22]

MICT: Breaking out in AHs near $3.00....News leak?

[saigai]

a good day here..i needed it...much more to come

[saigai]

from yahoo
MICT acquired 100% stake in Huapei, the acquisition is expected to be finalized within the next two to three weeks. The completion also enables the Company to commence final stage testing of its trading platform app in a live environment, ahead of its subsequent launch. You are a fool if you are selling this share before this happens. Uptrend look super good, and when this thing is launched, stock is going to skyrocket. Would not be surprised if it goes double digit.

[saigai]

flash and its 2.80's

[saigai]

who cares..this is a monster..pre mkt tomorrow is the new normal

[makingitnow]

whats the deal hear? why do they keep moving earnings out?

[sgunderbarth]

“MICT Obtains Security Trading License In China, Hong Kong Via Huapei Global Securities Acquisition”

https://www.benzinga.com/node/19855594

[gp22]

MICT: Receives approval for Honk Kong Robinhood. Global trading. BitCoin too!

[AlphaStockNews]

$MICT is going to scream for the top after the company announced a licensing deal that puts it on par with multi-billion dollar companies. https://cnafinance.com/mict-stock-this-license-can-make-mict-a-blockbuster/

[canestsal]

Vanguard Group is all over this stock. They have increased their position by 4706% in December, and just a guess, but I’d bet they more than doubled that position again in January and February. I wonder why they are accumulating so aggressively?

[sgunderbarth]

MICT Laundry list of recent institutional buys up to 3.10

[AlphaStockNews]

$MICT had a great day yesterday. That's just the tip of the iceberg compared to what's coming. Get ready. https://cnafinance.com/mict-stock-a-slew-of-catalysts-on-the-horizons/

[ClayTrader]

* * $MICT Video Chart 02-16-2021 * *

Link to Video - click here to watch the technical chart video

[Swimmingly]

Nice volume!

[AlphaStockNews]

$MICT is setting the stage for the launch of its trading platform, now with plenty of cash on the books and a massive partner. https://cnafinance.com/mict-stock-the-trading-platform-launch-is-coming/

[AlphaStockNews]

$MICT is set to soar after announcing a partnership that will likely drive tens of millions of dollars in annual revenue. https://cnafinance.com/mict-stock-this-partnership-changes-the-game/

[AlphaStockNews]

$MICT is one to watch after announcing an acquisition that will allow it to sell insurance across China and increasing margins. https://cnafinance.com/mict-stock-this-acquisition-is-huge/

[makingitnow]

News... yeah. almost dropped this today. blowing up as i post

[makingitnow]

Got a email today from my trading platform that MICT has a change in consensus. Not quit sure why yet but the arrow is pointing to a Buy rating. I will take it in the hole with this one

[barnyarddog]

https://www.otcmarkets.com/filing/html?id=14478819&guid=umZeUqztWEsn_th

[snakess]

this management especially the CEO has always SCREWED THE INVESTOR! JUST LOOK AT THE EVENT TODAY-- RECENTLY $5+ WITH THEIR BULLSH_T NOW $1.81
RUN FOR COVER

[barnyarddog]

MICT, Inc. designs, develops, manufactures, and sells rugged mobile computing and video telematics devices. Its products comprise tablets, on-board-computers, and dash cams that provide fleet operators and field workforces with computing solutions for various work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions. The company's portable tablets enhance workforce productivity by offering computing power and communication capabilities that provide fleet operators with visibility into vehicle location, fuel usage, speed, and mileage; and manage the drivers in various aspects, such as driver identification and behavior, reporting hours worked, customer/organization working procedures and protocols, route management and navigation based on tasks and time schedule. It also provides SmartHub, which offers consumers with services, such as driver recognition, identifying and preventing driver fatigue, recognizing driver behavior, preventive maintenance, fuel efficiency, and a driver assistance system; and a platform to offer services, such as Hours of Service for third party telematics service providers. The company's products are used in and/or targeted to a range of mobile resource management industry sectors, including haulage and distribution, public transportation, construction, and public safety services. It primarily serves application service providers, and solution providers specializing in the mobile resource management markets in the United States, Israel, and internationally. The company was formerly known as Micronet Enertec Technologies, Inc. and changed its name to MICT, Inc. in July 2018. MICT, Inc. was founded in 2002 and is headquartered in Montvale, New Jersey.

[barnyarddog]

https://www.prnewswire.com/news-releases/mict-subsidiary-micronet-sells-pilot-order-and-enters-negotiations-for-substantial-commercial-contract-with-one-of-the-worlds-largest-telematics-service-providers-301146565.html

coupled with the Android 9 operating system, allows fleet managers to run their own applications or pick and choose a set of applications and services from Micronet Marketplace.

[barnyarddog]

Q3 earnings are expected to be announced on 11/12/20

[barnyarddog]

Micronet, SmartHub and SmartTab 8 tablets

SmartCam.

secured an initial order from one of the world’s largest truck manufacturers last week
https://s26.q4cdn.com/933683909/files/doc_news/2020/10/10-06-2020-Press-Release.pdf

independent telematics services,

[willlbone]

Suckers and losers.

[ClayTrader]

* * $MICT Video Chart 09-08-2020 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $MICT Video Chart 08-18-2020 * *

Link to Video - click here to watch the technical chart video

[crudeoil24]

MICT Shares Double on First Significant Order for SmartCam
7:36 am ET August 18, 2020 (Dow Jones) Print
By Chris Wack

MICT Inc. shares doubled to $8 in premarket trading Tuesday after the company said its Micronet Ltd. subsidiary received its first major order for its new video telematics product, SmartCam.

The technology company said SmartCam, which received U.S. Federal Communications Commission authorization for 2.4GHZ, 5GHZ and LTE, subsequently entered a pilot trial with a global telematics provider, an ongoing customer of Micronet, leading to this first order in the North American market. The company didn't provide financial details of the order.

MICT said it expects to ship and book revenues for the order toward the end the year.

Micronet is piloting SmartCam with other customers as well, some of which were interrupted due to the Covid-19 pandemic but are now back on track.

Write to Chris Wack at [e-mail]

(END) Dow Jones Newswires

August 18, 2020 07:36 ET (11:36 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

[TheFinalCD]

.40 was recent low

MICT

[ClayTrader]

* * $MICT Video Chart 11-08-19 * *

Link to Video - click here to watch the technical chart video

[Thai5533]

MICT Closes On $7.25 Million In Strategic Funding

Source: PR Newswire (US)
MONTVALE, N.J., July 31, 2019 /PRNewswire/ -- MICT, Inc. (Nasdaq: MICT) (the "Company") announced today that it has successfully closed on a series of strategic transactions resulting in the receipt by the Company of a total of $7.25 million, consisting of Series A convertible preferred stock and convertible notes. An additional $1.75 million is committed be invested in Series A convertible preferred stock on or before September 10, 2019, which will result in an aggregate of $9 million in proceeds to the Company.

The recent closings are comprised, before expenses, of $5.25 million in Series A convertible preferred stock, as well as a $2 million convertible note purchased by BNN Technology to replace MICT's existing creditor instruments on more favorable terms, plus applicable warrant coverage. BNN and MICT have the option to increase the amount of the note financing to $3 million in the future.

Darren Mercer, Executive Director of BNN Technology and a non-executive director of MICT pursuant to BNN's investment in the convertible note, said: "We are excited about the considerable potential of MICT's technology in China and will continue to leverage our established network to accelerate its growth. We have introduced a number of significant commercial opportunities to the Company and look forward to working together to bring these to fruition. The planned business combination between BNN Technology/BI China, MICT, ParagonEx and other parties is progressing well, and we expect to provide a further update in the near future."

David Lucatz, MICT's President and Chief Executive Officer, stated: "This new funding is an important step towards completing our contemplated business combination with BNN and others, strengthening our balance sheet from the outset. With our operating business Micronet remaining part of MICT, BNN's reach into significant markets and our enhanced business leveraging, the combined entity is expected to be very well positioned to pursue global opportunities, most notably in China."

About MICT, Inc.
MICT, Inc. (MICT), via Micronet, operates in the growing commercial MRM market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. For more information please visit: www.mict-inc.com.

Forward-looking Statements
This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. These forward looking statements include, but are not limited to, those statements regarding the positive momentum that Micronet is showing and the timing of the release of Micronet's next generation line of products. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in the Company's annual report on Form 10-K for the year ended December 31, 2018 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.



Cision View original content:http://www.prnewswire.com/news-releases/mict-closes-on-7-25-million-in-strategic-funding-300893858.html

SOURCE MICT, Inc.


Copyright 2019 PR Newswire

[Tesseract257]

MICT & BNN needs put out new merger agreement ASAP as many things have changed. This would help stop the sell off which could get worse as people may start to unload the 4 million+ shares that were tendered.

[captbob2112]

Yup, this may work out nicely.

Added more @ .70 had a .91 avg before

Still wish I had sold at over $1.50 yesterday evening.
Could have repurchased double shares.

Time will tell
GLTY

[Sage7243]

But, I think this is good. BNN.putting up 2 mm.