Scienjoy Holding Corp (SJ)

[dinogreeves]

All you have to do is look at the competitors in China. Look at the market caps of those companies and look at their revenues and compare it with this one. Article by Motley Fool, we should get on Motley fool article, albeit after two more quarters.



Boom, if we have to pare with those market caps, this stock will be in triple digits in no time.



https://www.fool.com/investing/2019/11/19/3-chinese-live-streaming-stocks-to-watch.aspx

[crudeoil24]

Founded in 2011, Scienjoy is a leading show live streaming video entertainment social platform in China. With more than 200 million registered users, Scienjoy currently operates three primary online live streaming brands with their respective websites and mobile apps: Showself, Lehai, and Haixiu. More information can be found at: http://www.scienjoy.com

[dinogreeves]

This article is incorrect, there were no redemptions.


https://spacinsider.com/2020/05/05/wealthbridge-acquisition-limited-releases-shareholder-vote-results/

[dinogreeves]

Crude if you are posting, to scare off people, remember most who bought today were not retail, essentially you are trying to spook Chardan people and you are no match against them


With 11.4 million active users and 13,812 active show broadcasters for the quarter ended June 30, 2019, Scienjoy has created an engaged, interactive, and close community for the younger generation that enjoys live-streaming talent shows.
Scienjoy anticipates net revenue growth of 21% from $108.1 million in 2018 to an estimated $130.8 million in 2019 and net income growth of 28% from $15.5 million in 2018 to an estimate of $19.9 million in 2019.
The combined company will have a pro forma equity market value of approximately $250 million at closing or approximately 12.6x 2019 Estimated Net Income and 9.2x 2020 Estimated Net Income, assuming no redemptions.

[crudeoil24]

Regardless, should see a nice pop on Monday. > $$$$$

[crudeoil24]

Current revenues for HHHH is $0.00 with $936,000. loss last year.
This merger will be first asset.

[dinogreeves]

Small float, guesstimating it to be around 300,000. I remember another ticker, that had a reverse merger SPAC deal with a small float of 200,000 shares only, but that one was not approved by the shareholders and it ran to 102 dollars the following day and I got in at 14 dollars, bought the warrant and the commons. If there is buying pressure this could easily hit 15-20 dollars the same day, what it will do the next day, is anyones guess at this point, all depending on buying power.

[crudeoil24]

Yes. Should see some nice last minute accumulation tomorrow.

[dinogreeves]

The time to get is tomorrow, forget Monday this will trading well above 11 dollars.

[dinogreeves]

And they are all well over a billion dollar market cap, based on those shares hitting the market after a year the stock should be trading at 40-50 dollars with the same numbers, assuming they haven't grown any subscribers

[dinogreeves]

Exactly.

[dinogreeves]

No wrong, those outstanding shares won't hit the market, one year after the merger is complete.

[crudeoil24]

16.9 Million shares will be restricted for 12 months when deal closes on Monday.

[crudeoil24]

Several other large streaming video companies in China > all generate huge revenues.

[crudeoil24]

Looking at about $15.00 share price this year. Outstanding shares will be approximately 25M .

"Under the terms of the agreement, Wealthbridge will acquire Scienjoy, with Wealthbridge continuing as the listed company on the Nasdaq Capital Market. At the effective time of the share exchange, Scienjoy's shareholders will receive 16.4 million ordinary shares of Wealthbridge, valued at $10.00 per share. In addition, Scienjoy shareholders will be entitled to receive earnout consideration of up to an additional nine million Wealthbridge ordinary shares, subject to Scienjoy exceeding net income before tax targets of $20.9 million or approximately RMB140 million, $28.3 million or approximately RMB190 million, and $35.0 million or approximately RMB235 million, in 2019, 2020, and 2021, respectively, or achieving share price thresholds of $15, $20, and $25 over the next three years as set forth in the agreement. All shares held by existing Scienjoy shareholders will be subject to lock-up agreements for a period of twelve (12) months following closing of the transaction, subject to certain exceptions."

[dinogreeves]

This is sweet Chardan deal. Look on the bottom of one of the articles, Chardan facilitated this SPAC deal, going to run huge tomorrow and all next week. Buy both warrants and the commons the warrants should be price at $1.00 should this reach 10 or 11 dollars but that is not where it is going to stop, with a float of possibly 300,000 no telling where this will end up.

[dinogreeves]

This is what you need to look at and 200 million subscribers. Again no small potatoes.


"The combined company will have a pro forma equity market value of approximately $250 million at closing or approximately 12.6x 2019 Estimated Net Income and 9.2x 2020 Estimated Net Income, assuming no redemptions."


That paragraph right there puts the share price above 30 dollars short term. Remember "upon closing"

[dinogreeves]

On the 11th ticker symbol is going to change to SJ. This is going to at least 30-40 dollars to reach it's appropriate valuation 165 million dollars in the books because of the SPAC deal. Enormous wealth is going to be created here, just to pare up those that are in the same space in China, based on the OS of 7.4 million shares, we need to hit 129 target. This aint no small potatoes. Buy yourself some commons and the warrants forget the units and the rights.


Boom, if we have to pare with those market caps, this stock will be in triple digits in no time.



https://www.fool.com/investing/2019/11/19/3-chinese-live-streaming-stocks-to-watch.aspx

[crudeoil24]

"achieving share price thresholds of $15, $20, and $25 over the next three years as set forth in the agreement. All shares held by existing Scienjoy shareholders will be subject to lock-up agreements for a period of twelve (12) months following closing of the transaction, subject to certain exceptions."

[crudeoil24]

4 H Club! > count me in for a few shares > HHHH.

[dinogreeves]

Name change on the May 11th. This was a sneaky move, it is not even on radars or stock twits, this is the new game in town tomorrow and all next week. Based on market valuation this stock should be trading at 35-40 dollars in short order and possibly within 6 months triple digits, but with a low float like this possibly under 300,000 shares in the float, this could even with enough buying pressure hit triple digit dollar sometime next week.

[dinogreeves]

Boom, if we have to pare with those market caps, this stock will be in triple digits in no time.



https://www.fool.com/investing/2019/11/19/3-chinese-live-streaming-stocks-to-watch.aspx

[dinogreeves]

https://newyork.citybizlist.com/article/609391/wealthbridge-acquisition-limited-and-scienjoy-announce-closing-of-business-combination

[dinogreeves]

https://www.prnewswire.com/news-releases/scienjoy-to-become-a-public-company-via-business-combination-with-wealthbridge-300949853.html

[dinogreeves]

http://www.oleantimesherald.com/news/state/wealthbridge-acquisition-limited-and-scienjoy-inc-announce-closing-of-business-combination/article_9e6eb43d-8d96-55c0-8f5b-12ad142b0f7f.html

[dinogreeves]

Huge SPAC deal with an incredible low float, beyond belief low float. Possibly under 300,000 tradable float.