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59% short interest and news any minute.
Days away...only a matter of time.
Brio Capital Master Fund Ltd. has increased their shares in WPCS by 37% since their previous 13D/G filing
Holding into next week
Should make a nice move today going into the January 30th meeting.
It's called "stock transaction" Current stockholders of WPCS are expected to own approximately 15% of the outstanding common stock of WPCS (after giving effect to the dilutive effect of outstanding WPCS stock options) and the stockholders of, and certain advisors to, DropCar are expected to own approximately 85% of the outstanding common stock of WPCS (after giving effect to the exercise of all outstanding DropCar warrants).
http://m.marketwired.com/amp/wpcs-and-dropcar-announce-definitive-merger-agreement-2232579.htm?__twitter_impression=true
Also DropCar brings in more $4m-$5m per newer filing
I don't think they need any price/share prior Merger approval. 1.5/10 will be needed for 15% ownership as mentioned.
I am looking to buy i saw that they need $4 share price.wouldnt they hit that anyway without a reverse split?
in other words, Current shareholders will get 15% of new co. which posted amazing revenues Growth of a few hundreds % since 2016. recently DropCar has singed several agreements so i believe the new company will have a huge boost on Q1 and beyond.a great deal for shareholders if you ask me
merger ratio mentioned in filing back to September 2017. there is nothing new beside approval date. DropCar Provides a $4 - $5m cash. Shareholders are expected to own approximately 15% of outstanding common stock of WPCS. DropCar 85%. The combined company will be well positioned. they need to find the way how to accomplish it. i'm keeping my shares here.
Will there be a reverse split here with merger and what are the chances it doesnt happen?
What's going on? Volume just tripled past 20 min.
$WPCS 19100 bid afterhour @ 1.12. Maybe it starts moving tomorrow who knows. https://twitter.com/DHeman86/status/955588473519464448
Ascending wedge but no volume. Holding until end of month.
Not one buye from insiders in the last 12 months... do they have shares ?
Glad im out even
We'll see. I don't mind buying at current levels either.
You may still have time. It feel pretty hard and it looks like it’s going lower again.
Yup. Glad you were mistaken. Was going to add a little today, but decided against it before going to bed. Woke up and now see that was a mistake!
BOOOOOOOOOM!!!!!!!!!!!!!!! MY man ash111 is always right on the mark!!!!!!!!!!
Told ya. WPCS alone doing $15m.DropCar did 491% past year and likely to pass 1000% if you add recent solid agreements.
Looking better then i thougt
So far, you are right on.
Bid support gone waiting to get back in
Going lower
What does that mean?
I would do the same except Im all in between this and S*GO.lol
Not going anywhere at these prices, that's for sure. It's worth a lot more. Have an order in to get more today. A low ball order so we'll see.
Hang in there, in a couple of weeks youll be glad you did. Mark this post!!
Shorts will bring it down to lower lows
I'm feeling very safe at current joke MC of only 7m. WPCS alone doing $15m/year (revenues) and the solid Balance sheet. only up from here if you ask me.
Stop wacking morons
True. merger ratio already posted in September 2017. there is nothing new beside approval date. DropCar Provides a $4 - $5m cash. Shareholders are expected to own approximately 15% of outstanding common stock of WPCS. DropCar 85%. The combined company will be well positioned.
Sorry peterus, lost my internet there for a bit. http://archive.fast-edgar.com/20180117/ADATE22CZ222G2Z2222C2WZF63IAZB22N2A2
If i get it right they just need WPCS shareholders vote to compleet the merger .
WPCS approval Date is January 30, 2018
More time to accumulate cheap shares. It was necessary per filing.
Keep the faith brother we will prevail!! Ash is the best in the business and does the best DD around which re assures me!!
That's for sure. I'm down big right now! Am a bit concerned here.
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"Bitcoin is a digital or virtual currency that was created in 2009 and which uses peer-to-peer technology to facilitate instant payments. Bitcoin is a type of alternative currency known as a cryptocurrency, which uses cryptography for security, making it difficult to counterfeit. Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allows users to make secure, verified transfers. BTX has developed and is currently beta testing a trading system to offer bitcoin traders advanced charting, trading blotters, and trading integration across five of the major bitcoin exchanges, which will allow users to see liquidity, route orders, identify arbitrage opportunities across all platforms, and to control trading risks with access to stop loss orders. The BTX business is intended to become a data and service provider for users and exchanges of bitcoin, but is not presently a bitcoin exchange itself (although the Company may determine to invest in and develop a bitcoin exchange in the future). Obviously, there can be no assurance that the Company or bitcoin in general, will be successful, but we think that it presents the best opportunity for WPCS at this time.
There has certainly been a significant amount of press about bitcoin recently, and the growing ecosystem of companies around it, as well as the investments by venture capital firms and others in bitcoin ventures. More and more vendors are accepting bitcoin, governments and regulators are creating more rules to deal with it, and the bad actors associated with bitcoin’s early days are being weeded out by law enforcement as legitimate users move in.
We are very excited about bitcoin and being on the forefront of what we, and other experts see, as a growing space. The opportunities that bitcoin creates, both as an asset class, a currency, and a money transfer mechanism, are an important disruption in the financial space. We believe that we can capture a share of the growing market through best-of-breed technology and a differentiated feature set.
BTX Trader is a company founded by two engineers and bitcoin enthusiasts who formerly worked on front-office trading software at Goldman Sachs. While they are the technology and development experts, we are currently launching a search for a seasoned executive to become President of BTX.
BTX Trader will initially be focused on two product categories within the bitcoin space: trading systems and exchanges. The trading system is a cloud-hosted service that is in an early beta stage. It incorporates some high-end features traders may be familiar with from other asset classes, including advanced charting, trading blotters, and consolidated level 2 order books. It is currently the only product that offers trading integration against all of the major bitcoin exchanges, allowing users to see liquidity across all platforms, route orders to the best platforms, and identify possible arbitrage opportunities across platforms. Additionally, it allows users to place synthetic stop loss orders against those exchanges, a badly needed insurance given bitcoin’s current volatility, which is not a feature available on any other current software. Our current business strategy is to continue to implement advanced trading algorithms for bitcoin traders, of the sort available in best-of-breed software for other asset classes on Wall Street but nowhere to be found in the bitcoin world.
The software is currently implemented as a Windows client program, and it is backed by a sophisticated server in the cloud, exposing an application programming interface for other clients. We intend to follow on our Windows client with web-based and mobile platforms for easy use by consumers.
The second prong of our strategy is to open a bitcoin exchange to allow low-latency execution of trades in bitcoin. We hope to launch such an exchange in the coming months, opening first in a jurisdiction where the regulations surrounding bitcoin are clear, with the ultimate goal of moving into the United States once we can resolve legal and regulatory questions with a certainty of compliance.
We are excited about this acquisition. The financing provided with the acquisition of BTX Trader will allow us to execute on the initial stages of BTX’s strategy, with the priority of building a truly first-class set of technologies and services for this growing and disruptive industry. To the best of our knowledge, WPCS appears to be the first public company involved in the Bitcoin business, and we believe we BTX will be perfectly positioned for strategic opportunities in the bitcoin space.
In closing we are very encouraged by the improvements that have been made and will continue to make to improve WPCS’ balance sheet and profitability. And we are excited about bitcoin and the prospect offered by BTX to participate in a quickly evolving marketplace, as one of the first publicly traded companies to make an early entrance into the bitcoin space. Although there are numerous risks, we believe that the software platform being developed by BTX will support the opportunities to advance bitcoin as an asset class, currency, money transfer mechanism, and important alternative in the financial markets space.
As a result, we believe that the actions we have taken in the past few months the additional measures we may take in the future, together with this forward-thinking acquisition, will contribute favorably to providing the Company with an opportunity to deliver improved shareholder value in the future." [http://www.sec.gov/Archives/edgar/data/1086745/000114420413068236/v363519_ex99-01.htm, Dec 19, 2013.]
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2014 Fiscal Year | 2013 Fiscal Year | 2012 Fiscal Year | ||||
2Q ended October 31 | ||||||
2Q Revenue | $5,475(t) | $5,801(t) | $21,754(t) | |||
2Q EPS | 0.29 (10/31/2013) | -0.49 (10/31/2012) | -1.61 (10/31/2011) | |||
2Q Dividends | N/A | N/A | N/A |
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