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Garbage. Can't ever hold on to gains. Shorts win as usual
Yeah I thought about that after I posted. You're right. But who knows dip and rip or short rug pull...
What I see is that for 3 hours, it held this range (since 7am)
Flippers slow the run, shorts completely stop it and hammer it back down.
Shorts and flippers are the ones suppressing it
What's the evaluation here and current Market cap in contrast?
Is it evident to anyone that SMX seems to be facing efforts to hold it back?
Excellent! Lets trade this baby and make some $$$$$$$$$$$$$$$$$$$$$$$
The gap is situated right in the middle of the 18($18 book value), and I'm patiently waiting for the additional $3 to double and become $6.
NP, I did use eps... I meant to use $18 book value... prior post edited and updated to say book value of $18.
Thank you for that info!
$SMX great deal... 51.x% of $80 million valuation, is a $41 million book value for SMX.... 2.2 million shares in the float only would be a guestimate of the book value $18.XX, for SMX
$SMX
$SMX still gaining!!!
— DawgTrading (@DawgTrading) October 10, 2023
News and short covering... pre market gains.
4H pic.twitter.com/7ghAVSbZQr
Pump Crew Is All Over It
SMX Secures Majority Stake in True Gold Consortium
NEW YORK, Oct. 10, 2023 /PRNewswire/ -- SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) has signed an agreement dated Oct. 3, 2023 with True Gold Consortium Pty Ltd ("TrueGold"), to acquire an additional 7.5% equity stake, thereby increasing the Company's common share holdings in privately held TrueGold to 51.9%. This key acquisition in a sector expected to benefit from their traceability, verification, and certification technology, helps solidify the partnership between SMX and the other shareholders of TrueGold.
This strategic transaction diversifies SMX's operations into TrueGold's pioneering ventures in Research and Development (R&D) and revenue commercialization. SMX's software technology is powered by a Distributed Ledger blockchain, representing a transformative stride towards ensuring traceability and security across the gold value chain. In exchange for the additional 7.5% equity, the agreement stipulates, among other things, a waiver of outstanding payables amounting to AU$475,000 (approximately US$307,000) from TrueGold to SMX as of June 30, 2023 and SMX licensing additional intellectual property to TrueGold.
The valuation underpinning this transaction is based on a previous assessment conducted in October 2021, which appraised TrueGold's worth between US$78.5 million and US$90 million, using the mean value of US$84.3 million. This past valuation was neither audited nor reviewed.
Pursuant to this agreement, SMX and TrueGold will commission an independent third-party appraiser to ascertain an updated valuation of TrueGold by October 31, 2023. This forthcoming appraisal estimates a fair value of TrueGold's assets and liabilities as of the closing date. Subsequently, SMX will reflect its portion of this assessed fair value in its financial statements, and TrueGold shall have the right, within 12 months, to repurchase the additional interest from Security Matters for a purchase price based on such fair value. It is anticipated that there may be material variances between TrueGold's past valuation from October 2021 and the updated assessment.
CEO, H. Alon commented: "The agreement fortifies a gold industry alliance, which we expect will ensure a cohesive approach towards achieving shared strategic objectives, particularly the development and commercialization of the True Gold platform. This acquisition exemplifies a mutual endeavor to pool resources, management acumen, and R&D capabilities, fostering innovative solutions that address industry challenges. We believe that SMX and True Gold are now more robustly positioned to redefine standards for transparency, security, and authenticity within the gold value chain, heralding a new era of strategic collaboration and industry innovation."
About SMX:
SMX integrates chemistry, physics, and computer science to give materials memory and create a culture of transparency and trust across multiple industries. The company's nearly 100 patents support unique marking, measuring, and tracking technologies allowing clients to seamlessly deploy transparency at all levels of development and provide all stakeholders with a complete provenance of material composition and history, from virgin material to recycled, to address manufacturing challenges and ESG goals while maintaining sustainable growth. As a result, SMX's
$SMX im sure most have seen this if been invested for a while, I just read through it being somewhat recent here.
https://smx.tech/assets/pdf/17042023_SMX_report_April%202023.pdf
No prob! SMX so far so good... Is there really 33 million short here (dark pools maybe)? I see much less short interest in TDA.
I do see other people posting about millions short in SMX, but with the RS that shouldnt be no? If it is damn this could run hard if covered.
beat down, finding some volume, i think this could be a very decent play here,
thanks for the charts!
$SMX Weekly chart looking like price is starting to find some support around here... pic.twitter.com/aG26tQ4BKG
— DawgTrading (@DawgTrading) October 5, 2023
they dumping into news...delisting coming!
SMX (Security Matters) Enters into Sales Cooperation Agreement with Data Vault
Source: PR Newswire (US)
Intention to Jointly Create Web 3.0 Tools
NEW YORK, July 25, 2023 /PRNewswire/ -- SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) today announced that it has entered into a Sales Cooperation Agreement with Data Vault Holdings, Inc., which acts in the area of Web 3.0 technologies, crypto anchors and data software as a service, pursuant to which each party on a non-exclusive basis will effect introductions of potential clients to the other.
SMX (PRNewsfoto/SMX)
Pursuant to the agreement, any transaction between a party and an introduced client shall entitle the introducing party to a commission on income received in the transaction for 48 months.
In addition to entering into the Sales Cooperation Agreement, the companies intend to collaborate to advance Data Vault's Web 3.0 strategies for data visualization, inventory tracking and laboratory automation, using SMX's digital blockchain platform enhanced with a physical marker.
"We believe that systems integration with SMX's blockchain technology will enable our ability to track and trace data objects within laboratory environments. Our ability to have invisible marking for consumer product is expected to enhance Data Vault's proprietary solutions. The patented technology stack we now have in tandem with SMX's tracing and tracking technology would expand what is currently possible with our platform. In conjunction with our other Web 3.0 anchors that allow for greater specificity, security and control, SMX's technology is expected to give us a technical advantage. Data Vault's planned integration of SMX's blockchain technology will allow our customers to deploy and direct digital twin, tracing, anti-counterfeiting and data security initiatives directly from our platform with a level of scalability that we believe is truly novel," stated Nathaniel Bradley, CEO of Data Vault Holdings.
SMX management stated, "We are excited with this cooperation that we expect could lead to an increase in SMX's reach in finding new clients for its services. We believe that this is yet another milestone towards SMX's growth strategy."
About SMX
As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.
About Data Vault Holdings Inc.
Data Vault Holdings Inc. is a technology holding company that provides a proprietary, cloud-based platform for the delivery of branded data-backed web 3.0 tools. Data Vault Holdings Inc. provides businesses with the tools to monetize data assets securely over its Information Data Exchange? (IDE). The Data Vault Holdings owns Donate Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly owned subsidiaries under one corporate structure.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: matters relating to the Company's fight against abusive and possibly illegal trading tactics against the Company's stock; successful launch and implementation of SMX's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in SMX's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; SMX's ability to develop and launch new products and services; SMX's ability to successfully and efficiently integrate future expansion plans and opportunities; SMX's ability to grow its business in a cost-effective manner; SMX's product development timeline and estimated research and development costs; the implementation, market acceptance and success of SMX's business model; developments and projections relating to SMX's competitors and industry; and SMX's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the COVID-19 pandemic on SMX's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX's filings from time to time with the Securities and Exchange Commission.
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SOURCE SMX
SMX FOR A PRE MARKET TO OPEN DAY TRADE
$SMX - Up 12% Pre-Market/ Current Price $0.14
Enters into Sales Cooperation Agreement with Data Vault
Back to 1.00 we go or close to it..fill the gap in the 40s atleast
I'm here boss..let's go
SMX: Get READY, Peeps!!! This SMX Firm is a piece of frickin' WORK!!!! Look at that VOLUME!!!!!!
.24 out of it
$SMX - Up 35% Pre-Market/ Current Price $0.20
Voting to approve a 1:20 Reverse Split
on Tuesday, August 1 '23
SMX: Moving UP in the after hours routine!!
$SMX shares sold, and besides warrants price looks okay here.
$SMX Besides warrants, the price looks good here.
— DawgTrading (@DawgTrading) July 6, 2023
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As global businesses faces new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards,
SMX is able to offer players along the value chain access to its marking, tracking, measuring
and digital platform technology to transition more successfully to a low-carbon economy.
SMX, a company focused on digitising physical objects on the blockchain to create a circular and transparent solution for the closed loop economy,
offers an innovative solution to enable companies to comply with the 30% recycled Plastic Packaging Tax UK Legislation.
SMX’s unique drop-in marking solution survives all processing and provides plastic recycled producers and sellers with the ability to digitally
and physically mark all kinds of plastic recycled materials, thus ensuring accurate and efficient auditing systems.
By utilizing this technology to achieve compliance with PPT requirements, companies shift from a linear approach to the economy to a circular one,
benefiting from supply chain transparency and greater resource efficiency – such as higher rates of recycling and reduced greenhouse gas emissions.
Fully Automated:The new tax subjects companies to increased record keeping and sampling requirements.
SMX’s technology will make this process automated and seamless with the ability to track and trace all products across the entire supply chain.
Digitised Certification: SMX certifies the materials, while providing plastic manufacturers and recycling companies with the ability to use
technology-based auditing, thereby avoiding manual paper-based auditing processes and human errors.
CONNECT WITH SMX TO FIND OUT HOW TOGETHER WE CAN MAKE A POSITIVE SUSTAINABLE DIFFERENCE
https://smx.tech/assets/pdf/SMX-PPT-FINAL.pdf
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