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I'm Leaving, for Good. Here's Why:
I thought we were posting information and sharing thoughts on Spectra7. But I see now that this board is full of hatred and anger instead.
I don't need that in my already struggle-filled life. I'm moving on to better things... and better boards!
C Ya!
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FYI - Volex and other significant manufacturers (industry leaders) has chosen S7 Chips for their cables. When and if 800 g orders flow,, S7 will get its share.
Allies? support? Ha! I didn't know this was a battlefield! I thought it was just a fun little message board to post stuff on.
"Tanks" for the clarification!
Ha 😀😀
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Exactly, Macom and Semtech have had 2 years to catch up. Spectra hasn't announced any improvements and their current chip is 2 yrs old.
I'm officially putting Future on block. His posts are exhausting to read, his opinions are so far out in left field that they are fairytale at best. They sound like his Savwatt posts which is now worthless. All 5 of the company boards that he has posted on are bankrupt except for Spectra which is damn close.
Yes, they have raised enough to keep the lights on but they still mishandled it and caused massive dilution and they still have a chronic liar as CEO. Literally nothing the guy has said publicly in the past 18 months has been true. Get a new CEO, reverse split and up list to Nasdaq then things might get interesting.
Massive dilution and poor management is making me stay on the sidelines with only 1,000 shares. Let's see them announce 1 order more than a few million. I do agree, the downside is limited for now but a few more quarters of no revenue and we'll definitely be looking a Savwatt situation.
It is not about that.
It is about the fact the behemoth companies we target will never deal with a micro company like S7, due to complete uncertainty of its business.
Tough times...
SEV said, how much superior is SEV's chip, that's a really good question that I don't think anyone here has the direct definitive answer to yet
BUT.... I do recall in an interview that RH when talking about S7 ACC's versus the competition, pointing out that S7 chips would very likely be superior because of how complex the innerworkings of the chips actually are, and how much time S7 had spent in perfecting these chips, RH said as such that it would be very difficult for these competitor companies to be at the same level of performance as S7 chips
and could the competitors even replicate the performance without infringing on the S7 patents?
this is why I believe that S7 likely will either be involved in a JV Agreement with the likes of MACOM etc, or ultimately just be an acquisition target
also, I think the problem in the past preventing ACC's from getting implemented has been the extension of the life of the passive DAC (mainly by the developments of the Tomahawk series of Switches), but at 800gbs finally the passive DACS Reach becomes to short at 1.5M to 2M max
Questions is, how much superior is SEV's chip, especially when it comes to error rate?
It is all words, nothing else, Words without any proof. You say whatever you want to support your agenda that helps you to make profit out of others wrong decisions . And you might succeeded by doing so as more people on the board might fall for the propaganda you spread around. The money I put in the company were put before I lost confidence in it. Not a single cent was put in after that. My last investment was at 0.56 CAD. Spin what I state any way you want: call me a liar. This does not change anything, aside from stressing my point about you not being a genuine in what you say on the bard. Even your former allies no longer support you…
I just realized the incredible irony of what goes on here. My reasoning is being questioned at every turn by people who Don't believe in this Company, yet they put their Money into it!
Wow.
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Please... What a false statement. Whether or not someone breaks even or makes a profit has only to do with their own, individual cost basis.
As we all have various cost bases, we will all have different outcomes. I'm happy with my cost basis, because I bought more at very low prices.
But, of course, I can see why someone would not be happy if they failed to take advantage of this low price.
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The problem is, insiders will likely get their investments back, but average retail investor might just break even. Nothing to be excited about, no matter how the cheerleaders of the board try to spin it.
Who do you think I think knows more about what's going on with Spectra7?
1) Ron Pasek, CFO of NetApp when Netapp and Nvidia began their A.I. venture together. The same Ron Pasek who is Chairman of Spectra7. The Same Ron Pasek who has now put in over $5 Million dollars of his own money into Spectra7, even after all the turmoil?
Or
2) You.
Take a wild guess...
You see, I follow actions of those who KNOW, not the words of those who blow...
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If S7 starts getting traction to where it may address a fraction of the market, a Macom or Semtech would buy the company.
I think S7s potential is a 300 - 400M valuation company at most before they get bought out.
I think insiders know this, and for that reason there was that much of dilution. Put in enough money to get s7 to a point where competitors need to buy the company, and 10x investment.
1 billion market cap by what time frame and all available today for .125 cents a share.
Do I have that right
OK, so based on your 400 million share number, and on Credo's added $1.5 billion market cap for just the AEC portion of their business, I would have to assume that the ACC market, being much more in-demand than the AEC market would have to be worth 3 Billion.
That 3 Billion would be shared by the three largest Linear ACC players, Macom, Semtech, and Spectra7.
Spectra7 being the only player that went to the Ethernet Alliance PlugFest, and the only player that is being touted by ACES and Volex, I would have to say that, at the very minimum, Spectra7 will address 1/3 of the market. So that's a one billion dollar added market cap, based on how Credo was immediately priced-up as a result of their statement that AEC's would account for half of their future revenues.
So, don't shoot the messenger here... this is based on what the market has already done. And the implication is that at least a billion dollars in market cap would have to be added to any player controlling 1/3 of a 3 billion dollar value added.
So 400 million shares outstanding divided into a billion dollar market cap= $2.50 per share.
(of course this implies that Macom and Semtech would share the other $2 billion in value added. If Spectra7 controls less, or more, of that percentage, then the above share price would adjust accordingly).
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Lets say this is it, about 400 million shares.
Funny, on the contrary, I can see that they are now, finally, closer to actually executing on their 800G market plans than ever before.
What many here seem to miss EVERY SINGLE DAY is that THE ENTIRE INDUSTRY thought 400G would take over by 2018 and 800G would begin in 2019.
That OBVIOUSLY didn't happen. Yet Broadcom, Nvidia, Cisco, and, yes, Spectra7, along with a whole slew of trade publications thought IT WOULD.
But it didn't for various reason we now already know about.
NOW 800G HAS TO HAPPEN thanks to A.I. 800G has ALWAYS been the sweet spot for Spectra7... It just did NOT arrive as early as EVERYONE thought it would.
Now it's here... Finally.
So, again, yes, on the contrary, I can see that they are now, finally, closer to actually executing on their 800G market plans than ever before.
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My issue is that this incredibly complex transaction was not planned. It was an, oh we messed up, we need to completely change our strategy. Right decision at the end of the day. Cost everyone a bunch in dilution. Biggest issue from my end is the loss of credibility of the management team.
I too see the potential with this company. However, i have less optimism that they can actually execute on the opportunities in front of them.
Do you REALLY think they just did this incredibly-complex transaction, including the forced conversion of debentures and elimination of debt, plus putting in an ADDITIONAL $1.6 Million of their own dollars, again, knowing that, as you say, they have no customers?
Do you REALLY think that? Because if you do, then it is for sure YOU you has been smoking something.
This incredibly complex deal was put in place and completed, and $1.6 million more dollars was put in by insiders, for a very specific reason.
If you don't see that, maybe you're seeing something else as a result of your smoking fascination.
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It would be interesting to hear your perspective on how this complete 180 unfolded. It obviously was not planned given the previous announcements of a modest placement and the liquidty crisis.
Future, I want whatever you are smoking. How you have deduced these…predictions… from a company that is essentially pre-revenue with no customers and now less than $10m in the bank is quite extraordinary. Dont get me wrong, I hope what you say materializes… but there is alot that has to happen from now until a $1B valuation with a management team that just almost accidently had the company go insolvent.
That depends on the final share count. I see the Market Cap going to at least half of that of Credo, since half of Credo's market cap is based on the less-needed AEC tech.
If you can tell me what the final share count will be, I can give you a per share price estimate.
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Not complaining, merely pointing out the unfortunate situation this turned into..
So where do you ultimately see share price climbing to?
Once again, what is done is done. You Cannot change it. You Will not change it. You Can complain about it for the rest of your life, yet it will still be a fact.
Your complaining does NOTHING to change it! But it Will likely harm you emotionally and psychologically over time if you choose to keep doing it.
It is DONE.
I have moved on (although I did buy as much more as I could afford!).
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Future, even though I make a profit at $1.42 it's far from that $10, $20 or $30 that was previously mentioned.
Dilution sucks.
I think this will be the straw that breaks the camels back if the ramp up doesn't produce the results we need and at this point it's just get the shareprice above a buck for starters
Says who? Why are you? You have just popped up in the board and started making bold statements. GTFO, to say the least…
So, the fact they put 1.6 mil in is a positive indicator. Fair enough, but, as I said, we all make mistakes. They have been putting their money for a number of years, but nothing changed as of yet. And every time you say “this time is different “, and it is getting old. Yes, there is absolutely zero reason for me to be happy at this point in time. With the average hovering around 1.50 CAD and the money being dead for 6 years, why would one be happy?
This is imminent, my friends. This raise was not to "keep the lights on" as has been thrown around here. The amount raised would only be sufficient to do that for a year if there were no sales upcoming. Nay my friends this is the funding for the ramp you have been waiting for for a very long time.
OK, yp, so you have made your choice. You will FOREVER be unhappy with this investment YOU made, which YOU chose to make.
You will likely KEEP posting your UNHAPPINESS here for YEARS to come. That is YOUR decision, apparently.
I see something else going on here now. If YOU don't see it, that is YOUR observation. The Insiders, who SEE all of the NDA's every day, see things differently, and they just spoke about it with their ADDITIONAL $1.6 Million investments.
Enough said.
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Insiders are humans, and humans tend to make mistakes. Enough said...
"things are finally looking good". By what indicators? Name just one...
"Judge by result. Often harsh, always fair".
If we apply this saying, the company sucks big time for the last 6 years or so.
That's the only thought comes to mind. No thoughts about ramp up, etc.
Proto, while I agree that, even with the amount of dilution already done, it is still a great relief that things are finally looking good, and soon, but I would caution against wishing for the entire $24 million PP getting funded.
If they actually need the extra cash to fund a massive 800G rollout, then I say Go for It.
But that would be another $13.3 million, leading to an additional 133 Million shares being issued, plus another 133 million warrants. So, with the over-400million shares now already out, we would then have close to 700 million shares, fully-diluted.
Again, if we need the extra $13.3 million on top of the $10.7 million we just got, and if that would create a massive market for us, then I say, Yes, but to do it just for the heck of getting $13 million more dollars, now that would be crazy dilution.
Having said all that, even if they did the extra raise, and we did end up with around 700 million shares (sounds awfully crazy), we would still be ok. Here's why:
OK, so we now know there is Really, Actually something good going on here. They have actually, really funded, and insiders are again in for another $1.6 million. So, since there is something really good here, that means we are a Player in the ACC game, along with Macom and Semtech, with Credo competing with their AEC's as well.
With Macom and Semtech, it is hard to tell what portion of their Market Caps are attributed to their ACC plans, because they also sell so many other things, and although both of their recent conference calls focused so much on ACC's, we still don't know for sure how big they see their ACC markets.
With Credo, on the other hand, we do get a glimpse into what analysts (Including Craig-Hallum, our current PP handler) think their Active Cable market is worth. Craig-Hallum just upped their estimate on Credo to $30 a share, and when Credo was down in the doldrums last year, it all of a sudden shot up over 100% after it mentioned that AEC's would be around a full half of their revenues going forward.
Now, AEC's will, for sure, be used in the 800G market, but it is very, very clear that Linear ACC's will dominate.
Here' the important part:
If Credo is worth a full Additional $1.5 Billion just on their AEC potential, then Spectra7's, Macoms, and Semtech's market must be worth more than that, for their much-more in-demand Linear ACC's. Their collective ACC valuation would have to be at least double that of the AEC market, based on the many recent displays by Broadcom, Cisco, Nvidia, etc, regarding Linear ACC's. So at the very least these three players would share in a $3 Billion valuation added to their respective market caps.
And we're talking NOW. Credo got their Additional $1.5 Billion valuation NOW, so once Spectra7 is finally recognized as the Player it now is, it will share this $3 Billion-plus valuation with Macom and Semtech, although, based on the lack of partnerships announced by the other two, combined with the fact that Volex and ACES are already touting their North American Hyperscale deals using Spectra chips in the cables they make, I would say that Spectra seems to have the greater share of the big-player cable manufacturer partnerships.
So, now, based on all of this new info, including Credo's Additional $1.5 Billion valuation just for AEC cables, Spectra7 should be assigned at least an Additional $1 Billion valuation going forward. (yes, yes, I know, it hasn't happened yet, and it's been so long, and Yada Yada Yada. This new funding shows there is something Really Big brewing, ACTUALLY).
So, even with the crazy thought of around 700 Million shares outstanding, that would still be a Per-share price of $1.42 for Spectra7. Fourteen-times it's current price. Will that be enough for those who bought a few years ago and never added as the price dropped? Probably not. Will it be really good for those who buy now? Well, yeah, of course!
So there you have it, Spectra7, a real Player, with a Bunch of shares already out, with More shares possibly being issued, yet still a 14-bagger, which should be NOW, if you use Credo's valuation as any metric.
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Either ramp up imminent is it the collective thinking of the board that this will be the last delution and our first profitable quarter is soon to rear its head.
Will it be Q3 Q4 or Q1 2025.
Thoughts
initial take, although highly dilutive, sounds very promising, already oversubscribed, and it sounds like the warrants will be exercised fairly quickly for additional cash raise, the convertible debt is eliminated, and sounds like the ultimate target of raising 24 million will likely be achieved (will have to reread this)
now this sounds more like the PP to fund the 800gbs ramp, that was my initial concern with RH's "modest PP" it reeked of being nothing more than a keep the lights on PP, major goof up to do it like that on first pass they should have done a larger PP showing investors they meant business to have cash to ramp for 800gbs even if it would have dropped PPS from .60 down 50% to .30 to get it done it would have been WAY BETTER than the new .10 raise, but bottom line, investors need be thankful they did NOT pull a RKLY and fold the tents in middle of the night and eliminate shareholders completely
Good news indeed. Insiders buting is always positive
So, Insiders put-in another $1.6 Million of their own dollars. The breakdown of who bought how many will be available on SEDI in a few days. This bodes well for the Company (yeah, yeah, I know, "but they got in so cheap this time!"...Well SO CAN YOU!)
Anyway, to have insiders pull out their wallets and buy Another $1.6 Million worth, after all the times they've already invested, and after all the turmoil of recent events, this really, really speaks volumes as to where they really believe this Company is heading...Finally.
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Spectra7 Announces Closing of First Tranche of Private Placement of $10.7 Million and Completion of Amendments to Existing Debentures to Permit Forced Conversion
https://money.tmx.com/quote/SEV/news/5336461591220509/Spectra7_Announces_Closing_of_First_Tranche_of_Private_Placement_of_107_Million_and_Completion_of_Amendments_to_Existing_Debentures_to_Permit_Forced_Conversion
There you go.
Spectra7 Announces Closing of First Tranche of Private Placement of $10.7 Million and Completion of Amendments to Existing Debentures to Permit Forced Conversion
https://money.tmx.com/quote/SEV/news/5336461591220509/Spectra7_Announces_Closing_of_First_Tranche_of_Private_Placement_of_107_Million_and_Completion_of_Amendments_to_Existing_Debentures_to_Permit_Forced_Conversion
Now imagine if they did it this way when share price was at .55 to .60 or this many shares when it was at a $1 or more?
I'm sure it will close, probably hear something tonight or Monday morning. I wish it would have been sold, oh well. Looking forward to see who bought in.
Good luck to you hospital's are never fun
I am at the cancer clinic getting my rCHOP. Would prefer reading a specta7 conspiracy theory.
Sure, no problem. Also, I came up with an analogy, silly as it may seem, that might help others see why they wouldn't put out a press release for the Private Placement closing before the Debenture Amendment closing.
It goes a little something like this:
Let's say you are flying-in to a nearby airport and you need an Uber ride to pick you up, but you opted for the Premium Luxury Car Uber service, so you had to schedule it in advance, just to make sure the car will be near the airport when you arrive. So, now you have this Uber car waiting for you in the designated waiting area for ride service cars, which is about a three-minute drive from the Arrivals door where you want to be picked-up.
The Uber driver tells you that he has your Flight Schedule, so he knows when you are scheduled to land; he asks you to text him as soon as you arrive, so that he can make the quick drive over to the Arrivals area to get you. You agree to text him when you are ready, but you explain that, even though the flight is exactly on time, you still have to head over to the Baggage Claim to grab your luggage, and that you will text him as soon as you are ready to be picked up.
He reluctantly agrees, but still suggests you text him as soon as you arrive at the terminal so that he can start driving over.
Now, here's the part that relates to our current events going on with Spectra7, with relatable events shown in parentheses:
You've told the Uber driver that there are two things that must happen (PP and Debenture Amendment) before he can pick you up (Press Release stating closing of both), but the Uber Driver wants you to text him (put out a Press Release) as soon as you arrive (once PP closed). You tell him you must go to Baggage Claim first (Close the Debenture Amendment) and that you will then text him (Company shall issue further press release once the Debenture Amendment is finalized).
The Uber driver reluctantly agrees (still wants to hear about the PP closing separately) and suggests you still text him as soon as you arrive (still expects separate Press Release for PP closing, even though the Debenture Amendment has not yet been finalized). You end the call by saying that you'll see him soon, but you know you have already explained to him that this is a two-part event, both landing on time, and going to Baggage Claim, so you stick to your own plan of just waiting to text him after both of your events are done (PP closing and Debenture Amendment getting finalized).
So there we have it:
It would be Really strange to put out a press release once Half of the events have been finalized, only to have to put out another one once the other Half is done. That's why they very clearly stated "The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."
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Thanks for taking the time to research and write out your thoughts.
I assume there are other things happening behind the scenes to which we can only speculate about. I expect organizational changes, specifically tightening internal financial controls.
The more I read it, the more it makes perfect sense how they are going about the releases.
It would be really odd to announce the closing of the Private Placement, and then leave open the result of the Debenture Amendments, for which it was very clearly stated that it would take a little additional time:
"The Proposed Debenture Amendments are subject to approval by the TSXV, formal approval from the holders of the requisite principal amount of the debentures, and the finalization of supplemental indentures."
And if there is still any doubt about why we are waiting to hear that the PP already closed, I will point you once again to this ever-so-clear statement:
"The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."
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Actually I was hoping that it was delayed cause a white knight came in to save us from huge dilution and offered and nice sum for the entire company.
"The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."
They are two separate events that lead to one and the same conclusion, but they do Not close at the same time.
The Private Placement very well may have closed yesterday, and the Debenture Amendments may take a few day or more. When they are Both done, then the Restructuring will be complete.
So, I ask you in return: Why announce the closing of the PP, One Half of the elements needed, and then announce the closing of the Debenture Amendments later when they are both needed to complete the restructure?
Imagine getting the announcement that the PP closed, yet having to wait again for the other announcement to see the entire deal finalized. Now that would be a bit strange.
They very well may announce them separately, but it makes complete sense to wait until they are both done to make the announcement.
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Fair points future but why not say close within say 2 weeks,why say on or about may 8 when that was never going to happen.
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