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Hey All, remember when the company announced it was going to undertake a “modest” private placement. Lol what a joke.
Hey All, remember when the company announced it was going to undertake a “modest” private placement. Lol what a joke.
who is placing a order with a company that is in this shape? Has anyone seen what the supplier evaluation/approval process looks like for major corporations?
KCC, ok so 66mil fully diluted shares today
plus 13mil shares to convert the debt
plus 204mil shares from this PP (102M shares + 102M warrants)
brings the total O/S to 283mil shares
so at 10 cents per share equates to about 28 mil market cap
with 800gb ACC 28 mil Revenue by 2026 should be doable and that would equal just 1x Revenue
(ok, plus perhaps a 2nd tranche?)
This poster is Future.. LOL
KCCO, your numbers are spot on. It is very close to 80 million fully diluted today. Again, this number will rise to, possibly, over 400 million, fully diluted. We are comfortable with that figure, as we believe the end market is more than large enough to justify it.
So, SiliconValleyExec bought recently and now bragging about that.
He would not be here otherwise...
In late February, I provided some calculations here...just an FYI for those who want to do some math after today's news.
"Correct me if I'm wrong on some of these assumptions. I just went through the Q3 financials and MD&A. Looks like fully diluted share count including warrants, RSU, and options is about 66 million. There was also about $12 million CDN worth of convertible notes outstanding that at some point should convert to equity for about 13 million shares."
It looks like the debentures will be converted at about 75% of face value to share count. Also, please note that there are more than 40 million shares, fully diluted, today. In the end, there may well be over 400 million shares, fully diluted. We do not see that as a problem for the continued operations and ultimate success of the company. In due time, the 400 million plus share count will have little affect as the end markets will justify it.
I wonder what percent of the PP is being bought by RH and RP, my guess is plenty
I am sure that was all planned by management as part of the taking the company private. Don't be naive folks...
Let's face it whoever bought this pp is now the new owners of S7 by majority stake
SVE, how many shares will the forced convertible debt add to the share count? and do you expect them to do a 2nd tranche, and if so, how many shares does that add?
40 million shares today
plus 102 million PP shares
plus 102 million PP warrant shares
plus ??? convertible debt conversion shares
plus ??? 2nd tranche shares (and warrants)
final O/S shares after all this settles will be ????
With the new funding, management can continue getting paid and SEV gets more shares at gift prices.. Looks like a win - win to me!
This will be .05 or lower in two weeks or less
Oh wait, why would insiders do that when they can continue to buy shares at 11 cents and further dilute the retail investor to oblivion
At this point, the insiders should just take the company private. Buyout retail investors for 50 cents if you think its such a goldmine
I guess you are now SEV's new friend (ex Future?)!!
Piss off with your congratulations, seriously...
Yes, the price is skyrocketing on the news. One day you will understand, but until then MAGA
New wave of beating drums and blowing trumpets starts now I guess.
I agree with you SEV123. This PP was for the insiders
Spin it how you like, the actions have not been retail investor friendly
I will reiterate what I posted first thing this morning: Expensive PP, but it just saved your company.
I think management/board waiting until the company needs emergency funding to do a private placement, as opposed to being more proactive when there was momentum in the market, has basically screwed retail investors. Those participating in the private placement undoubtedly used the dire situation to their advantage to scoop up a huge % of the company. When company was trading at 60 cents a share, PP insiders could not have scooped shares at 11 cents
You are correct, and it will likely be more like 300-400 million outstanding if they complete a second tranche. But still a good buy today. Again, a good buy today.
Steve, I think there was about 40mil shares O/S and this adds 100mil units so fully diluted will be like 240mil shares? at 10 cents a share that's a market cap of like 24 million right?
With 102m shares issued as part Of PP, and according to yahoo finance currently ~38m existing shares o/s…. I concur Gary’s valuation of $14m market cap at 10 cents per share
I posted this past weekend that I would prefer a partnership or outright sale over insane dilution. We got the insane dilution.
I'm thinking 14 million
Two things: First, would you have preferred shutting it down instead? Second, the congratulations goes to those buying recently and today. So there will be as many as several hundred million shares outstanding in the end. So what? There are large, major corporations across the US today with 1.5 Billion shares outstanding. Their worth is based on what they sell. When this company starts selling what we see coming, even 500 million shares out will still bring it to over a dollar. So, yes, congratulations to those buying recently and today.
What will be the marketcap at 10 cents?
I am sure it was a sarcastic note. Golden mine we sit on? I say it is a ticking bomb, not a golden mine…
With the level of dilution that has occurred with this private placement, Congratulations is hardly in order
Hopefully it means he has been forced out. New leadership desperately needed. He's a carnival barker.
An outright sale could have been forced, but there is just too much potential in this issue to have given up tremendous future profits. This is something we have been watching for some time. Now it is finally structured correctly for the long term growth management has wanted since inception. Congratulations shareholders, those who held on, or those who purchased recently. You are finally sitting on an actual gold mine.
We at least get to fight another day.
It also means we can see how much demand there actually will be for S7 products.
No more excuses ,go out and sell something to anybody please
I was told they shunned a firm when share price was in the .50s because it was a bad deal. How is this any better? I guess we will see another reverse split? What will be the number of total shares now?
Spectra7 Microsystems Inc. Announces Private Placement and Amendments to Existing Debentures to Permit Forced Conversion
https://www.spectra7.com/pp-2024
I guess if shareholders wouldn't have panicked and gave away shares it wouldn't have been done this low.
I know you will buy back lower as you drive up shares i bought below .10
Expensive PP, but it just saved your company.
Buyout would be at ridiculously low price in this case, right? Better than BK though… We were all duped, to say the least. But nobody to blame but ourselves, of course.
I think we are in negotiation for a buyout.... if it was a PP they'd have announced it already.... and if it was the case that one investor dropped out then with the massive price drop, that investor would have come back in potentially or it would have been relatively easy to line others up (remember that a bunch of people offered to join the PP and were, how shall I say, essentially offered a thank but no thanks).
But hey, I'm just guessing and I really have no clue.
Whatever makes you happy, SEV123...
Sure, why not?
Let's go with that
RH, has been MIA. Could be that he is fully engaged in some major testing with 2 of the largest players in AI?
The data center is certainly a volatile end market. We have a very conservative approach to forecasting and managing the business so that .....we don't get ahead of ourselves in terms of investor expectations.
You can say that again.
.....we don't get ahead of ourselves in terms of investor expectations.
The data center is certainly a volatile end market.....
We have a very conservative approach to forecasting......
Just reading between the lines.
What would be nice is an update from company about current relationship with potential customers.
If we are that close to orders flowing money should be easy to raise.
LOC with letters of intent would be nice
We will see what the message means. At least things are moving
Steve, are you talking about the possible financing?
I'm hoping that would be a partnership, merger or sale. I think dilution at this time would be quite large.
Thanks Robert for posting all that.
Looks like Macon can use SEV. From DesignCon and posted by Alan Weckel of 650 Group, “Embedded with Spectra7's cutting-edge GC1122 chips, Volex's QSFP-DD High Speed #CableAssemblies soared past industry standards, delivering low pre-FEC bit error rates.”
Why spend more money on R&D when it's already been built for you?
I'm wondering just how much dilution will take place? I hear cables currently being evaluated by two of the bigger players. No I can't confirm so I'd rather not give the names at this time.
You have CRDO without the very product being discussed in the CC and wanted by the hyperscaler's.
So way more dilution or a decent sale and I don't mean getting ripped off. I mean a fair offer.
Anyway just my thoughts.
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