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Singing Machine Company, Inc. (The) (SMDM)

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Last Post: 5/18/2022 11:49:12 AM - Followers: 27 - Board type: Free - Posts Today: 0

SINGING MACHINE (SMDM) -- Market Leader


Rated #1 in the 5 Best Karaoke Machines of 2022
Rated #1 and #6 in 
Best Karaoke Machines of 2022
Rated #2 and #4 in 5 Best Karaoke Machines For Your Next Party written Jan. 2022

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As of December 31, 2021 an application with NASDAQ has been submitted and is pending approval. Should the NASDAQ application be approved, the shareholders of the Company have approved a reverse stock split simultaneous with the up-listing -- Taken from Note 10 (Page 17) of the previous 10-Q ending 12-31-21.

"An amendment to our articles of incorporation to effect a reverse stock split of our common stock by a ratio of not less than 1-for-10 and not more than 1-for-30 at any time prior to the one year anniversary of filing the definitive information statement with respect to the reverse split..."

VALUE HIGHLIGHTS (As of 3-11-22): 

55.5 million outstanding shares
Market Cap - $8 million, Enterprise Value - $12 million
$45 million sales so far in first 9 months with $2 million *net profit* (.04 eps per share)

Long stable history:  Founded in 1982.  Went public in 1994.

 

STINGRAY GROUP HOLDS 20% STAKE IN SMDM
Stringray is a public company on the Toronto Stock Exchange:  Stingray (TSXRAY.A)
Karaoke | Stingray
HIGHLIGHTS (As of 3-11-22)

1. On August 11, 2021, Stingray (Canadian company) acquired a minority interest of 20% in SMDM for $2M (USA dollars) 
2. Stringray is also profitable with $212 million (Cad) in revenue for the previous 9 months and *net profit* of $29 million (Cad)
3. Stringray Executive joined SMDM's BOD in December of 2021

MAY 2022 INVESTORS' PRESENTATION

(This Author's Interpretation Only -- Owner of 35,000 Shares at an Avg. Cost of .19 per share).




 

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PostSubject
#377   They can reserve the ticker symbol for 2 Bruinfan4ever 05/18/22 11:49:12 AM
#376   The exact number on the reverse split isn't hweb2 05/18/22 10:59:03 AM
#375   The reverse split is not set in stone. Bruinfan4ever 05/18/22 10:58:11 AM
#374   Comes with a secondary offering too. Nice NobleRoman 05/18/22 10:49:27 AM
#373   You're forgetting to account for the warrants and hweb2 05/18/22 10:41:53 AM
#372   Yes they are. They will only have 1.2 Bruinfan4ever 05/18/22 10:23:43 AM
#371   They're not doing a reverse down to 1M hweb2 05/18/22 10:14:21 AM
#370   I don't get why they would have to Bruinfan4ever 05/18/22 09:15:58 AM
#369   May 2022 Investors Presentation: NobleRoman 05/17/22 04:46:07 PM
#368   I feel like with strong profits and on NobleRoman 05/17/22 04:09:32 PM
#367   world wide babe...worldwide !! 81vette 05/17/22 03:57:04 PM
#366   $112,300 traded so far,your legit when your on 81vette 05/17/22 12:03:32 PM
#365   NEWS:New Nationwide Distribution with Walmart Consumer Electronics! TechnicalAnalyst1984 05/17/22 09:48:03 AM
#364   Stock up 40% On Elaboration: NobleRoman 05/17/22 09:46:42 AM
#363   They did it again: NobleRoman 05/12/22 10:18:36 AM
#362   4 million more views of this video since NobleRoman 05/04/22 12:03:10 PM
#361   We have a new website now too. NobleRoman 05/04/22 12:00:57 PM
#360   SMDM .1745 is someone singing without music? swampboots 05/04/22 09:56:17 AM
#359   Check out the front page on our website: NobleRoman 04/26/22 05:45:08 PM
#358   I agree. That sounds fantastic. I NobleRoman 04/19/22 03:28:54 PM
#357   Yep and how bout this part of the PR? hweb2 04/19/22 12:10:12 PM
#356   Interesting News Today: NobleRoman 04/19/22 11:56:45 AM
#355   You are right. I'm sorry. NobleRoman 03/16/22 11:11:10 AM
#354   There's an IR contact on their press releases. hweb2 03/16/22 12:20:56 AM
#353   That's a very good question too. NobleRoman 03/15/22 10:45:28 PM
#352   I'm not an expert on penny stock financing. hweb2 03/15/22 10:37:36 PM
#351   Thank you, Hweb. You are helping, NobleRoman 03/15/22 10:22:28 PM
#350   Those warrants are at .01. A set hweb2 03/15/22 09:56:39 PM
#349   You might be right, Hweb. I hope you NobleRoman 03/15/22 09:17:00 PM
#348   I bought some of your shares today. hweb2 03/15/22 08:15:58 PM
#346   I'm Out All Shares Sold NobleRoman 03/15/22 03:29:39 PM
#345   Just a Recap on the TOXIC Penny Warrant NobleRoman 03/13/22 07:43:22 PM
#344   Reverse Split NobleRoman 03/13/22 03:06:37 AM
#343   CONFIRMED == That is exactly how the basic NobleRoman 03/12/22 11:36:15 PM
#342   I jumped the gun on the share count. NobleRoman 03/12/22 11:07:12 PM
#341   The Penny Warrant NobleRoman 03/12/22 03:48:34 PM
#340   The Private Placement NobleRoman 03/12/22 02:55:26 PM
#339   In fact, if this Sedar filing pops up NobleRoman 03/12/22 02:14:27 PM
#338   Somebody may just do that, if not them. NobleRoman 03/12/22 01:43:19 PM
#337   I'm wondering why Stingray doesn't just acquire the hweb2 03/12/22 01:09:56 PM
#336   I think it is accurate on the ticket NobleRoman 03/12/22 12:41:40 PM
#335   That is another beautiful aspect about it. NobleRoman 03/11/22 11:39:50 AM
#334   I'm trying to get an accurate share count. hweb2 03/11/22 11:24:47 AM
#333   Make that 35,000 shares NobleRoman 03/11/22 11:08:43 AM
#332   SMDM: we need just one more shareholder to swampboots 03/10/22 04:12:28 PM
#331   SMDM: Next ride will be slower but much better. swampboots 03/10/22 04:11:20 PM
#330   SMDM hide some at these prices. swampboots 03/10/22 04:10:05 PM
#329   That is a very good idea. NobleRoman 03/10/22 03:42:45 PM
#328   They really have to work on exploratory acceptance swampboots 03/10/22 03:06:05 PM
#327   I wonder if they would choose to do NobleRoman 03/10/22 11:19:11 AM
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