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Oops, I think I messed up the link to the article. A must read, gives strong bull case for PODC as a trade and a longer term holding - https://open.substack.com/pub/microcapmaven/p/the-podcast-one-network-nasdaq-podc?r=1w1kmg&utm_campaign=post&utm_medium=web
Read an article today about this company that gives many reason for being bullish on PODC's future. The company just listed on NASDAQ a few weeks ago during the big September sell offs and its stock got pushed from the listing price of $8 down to below $2 at one point, apparently by short sellers. Key numbers from NASDAQ short report shows 335,099 as the short interest, 1.3m is the public float and the 10 day trading average before today was under 40k per day. So it would take about 9 days of 100% short covering volume to close out that short position. And that was the amount of shorts on Sept. 29. The stock dived lower on low volume in the weeks since then, so the short position is probably a lot higher now. The article says maybe 50% or more sold short as of today and that would mean about 18 days to cover. This is the podcasting network that has the shows for Adam Carolla, Brendan Schaub, Tpain, Jordan Harbinger, LadyGang, Friday Night Lights guys and many more high profile podcasters who all just got granted stock with the listing on NASDAQ. Think they might start telling people to buy the stock now that they all own a few hundred thousand dollars of it? Probably, but no matter what I think the days of this stock being unknown are probably over. Here is the article I read, lots of interesting components to the bull case here - https://open.substack.com/pub/microcapmaven/p/the-podcast-one-network-nasdaq-podc?r=1w1kmg&utm_campaign=post&utm_medium=web
Article out today opened up to the public after the late close tonight, will be pushing the stock higher tomorrow. "Remarkable buying opportunity" is how the analyst described this stock, at this time and this price. This transformative technology will be in demand by Google, Apple, Meta, MSFT and anyone else with telecom or data center operations. Right technology at the right time and the stock doesn't have a Wall Street analyst covering it and has only 1.99% institutional ownership. That will be changing over the next few months but retail investors have an opportunity to buy in now at what will look like a ridiculous price in just a few months.
https://microcapmaven.substack.com/p/poets-transformative-technology-represents?utm_source=substack&utm_medium=email
If Trump/DWAC talk is legit, will go much higher than 5. With every Truth Social delay it becomes more likely that Trump pushes ahead with the rest of his social media strategy and acquires Paltalk to get a jump start.
Is there a Paltalk / Trump deal? The relative strength for PALT against the backdrop of such a huge selloff across the board screams that there is something going on and it happening the day after Truth Social launched makes me go hmmmmmmmm. Looks like the CEO is presenting at a conference Friday morning, guess we will know something soon. Anyone on here know what is going on?
More mentions on stocktwits about DWAC and Rumble connections for PALT, plus a noticeable uptick in volume traded. Was all day long too along with several 10k-25K block purchases above the ask price. Also, lots of 200-300 share trades all day long pushed us to green and a very high volume day when most of the market was red
Several posts on Stocktwits today about Paltalk being a takeover candidate and several more talking about Paltalk ties with the new Trump Social Media service. The stock traded about 30,000 shares in the first 6 hours and then about 300,000 the last 30 minutes. So I don't know if its one of these or both of these pushing the stock, but no way it goes from not trading to a huge volume like that for no reason. Anyone over here hearing anything?
PALT buying game dev w/ NFT division is what is being said by some closer to the action than I. MACK and JDheart, you two seem to know more than most about goings on at Paltalk and how it will impact the stock - tell us your take.
Good call Mack! You were all over this one. In today's Sea of red, Paltalk was down 7% early this morning, then rallied to end the day up 13%. The fundamentals here are really extraordinary for a NASDAQ listed tech stock. The assets, the earnings, all of it looks like most tech stocks but its valuation is a tiny fraction of most. Thats probably why the CEO just spent almost 1/3 of his annual salary buying Paltalk stock on the open market. This stock is still extremely cheap even after today's move.
Short Sellers of PALT getting desperate! Did you see the post a few minutes ago about hackers? Supposedly from a Paltalk user. Notice that they just joined Investors Hub today and this is the first message they have ever posted!!!
From PCC - 11/24 - Buy Paltalk (PALT) - Paltalk approached by suitor may be other indications of interest. Timing of recent sell off suggests stock may be being suppressed by parties seeking to buy the company cheap, seizing on weakness following stock sale to maneuver it lower. PALT sold stock to have cash for acquisition(s), will be entering NFT space and we expect this to be transformative. No intel on target (Props NFT WIP?) but could have Q4 impact and balance sheet transformed in 22.
The skinny - Paltalk sells "virtual gifts" that can only be gifted (not sold) inside the network, with sale of $10.5m+ over last two years, but even higher annual sales prior to merger with Snap. Execs say drop-off was due in large part to focus shift to blockchain dev. Expect sharp revenue spike when NFT version goes live and resources allocated to that line. If demand for $5m+ for virtual stickers that can only be gifted inside the network, how many will they sell of NFT version that can be traded and sold for profit on NFT exchanges? These have near 100% margins, expect to double virtual goods (both stickers and NFT version) sales upon intro but we think that may be conservative given what was sold in prior years and retail demand for NFTs in primary and secondary markets.
Interesting, I'd heard some of that chatter too and now hearing more about others.
DWAC acquires Paltalk or licenses its platform or licenses the platform of another existing social media network and this issue becomes irrelevant. This is why Chamath Palihapitiya said "it makes the most sense for Trump Media & Technology Group to acquire an existing social media platform. With his stock worth many billions now he has lots of flexibility to buy a platform if needed
DWAC buys Paltalk or licenses technology to circumvent Mastodon issues, that is the point of what they were saying. Last night Chamath Palihapitiya it makes the most sense for Trump Media & Technology Group to acquire an existing social media platform. Paltalk is the cheapest existing platform and it uses patented technology that is also used by Zoom, CiscoWebex and many others. Paltalk owns the patents and they have value to an organization like Trump Media / DWAC
Paltalk & DWAC Shorts - to the people who are shorting DWAC, you can't short Paltalk for two reasons 1) One because it costs you 180% interest and 2) because if you succeed in pushing the price down you are just saving $$ for Donald J. Trump if he buys it to get those patents that will help him bring Facebook, Twitter, Zoom and other infringers down a few notches (and billions).
See Paltalk Patents - The Mastodon code was apparently used in the beta and it is likely that the invitation-only launch next week would have to be scrubbed if they are going to attempt to make such a significant change. However, I think two things are more likely 1) DWAC will acquire the technologies it needs to make the Mastodon code enabled tech irrelevant and 2) they just duke it out in court for the time needed to buy what they need.
Mr. Trump has the resources in place to fight that battle and it is these legal resources that also makes me think he might be interested in acquiring Paltalk - the technology patents they own that were used to get $50m from Microsoft and Sony 15 years ago are being infringed by Facebook, Zoom, Ringcentral, Cisco's Webex and others. They have generated many $ billions more over the last 15 years than MSFT or Sony did in the several years before they licensed it. Trump's team could hit them for billions and/or get injunctions that could cost them many, many billions in lost revenue and lost market cap.
DWAC+Paltalk+Rumble - several posters on this board have mentioned the All In Podcast and Chamath's mention that DWAC should acquire a social media network. I agree and think they would do well to acquire a live streaming audio/video social network like Paltalk to get the patents they licensed to MSFT and Sony so he can enforce them against Facebook, Twitter, Zoom and Webex (suit already in progress).
But Trump should also acquire Rumble to have a competitor to Youtube and then another social media network with asynchronous content. These three could be pulled together for less than $1 billion and when they are populated with half the US population they will be worth many hundreds of Billions. This "network effect" that could drive users to number nearly 150 million will drive value for advertisers and open up the kind of revenue streams (pay per click advertising, sponsorships, cost per action placements, subscriptions, etc.) that are driving revenue for Facebook, Google and Netflix.
Paltalk might be DWAC target over Rumble. You are correct that the Mastodon software issue is real for DWAC though and it puts them in a position where they will probably need to acquire an existing network. Rumble is a good option but Paltalk is the best route because it owns patents on the technology backbone. MSFT, Sony and other big companies paid $50m or so to license them and many big companies that have started since that time (Facebook, Webex, Zoom, etc.) will have to pay royalties to use it. Trump probably in better position to exact those payments, especially now that he has a publicly traded company with stock that may be worth $10 billion.
Yeah, not enough shares to go around, not sure I'd be jumping in right here.
Looks like may be moving based on possible settlement with Cisco/Webex this week. Weekend note from PCSC -
9/24/21 AH Summary
Paltalk (NASDAQ: PALT) - up 14% after the close on heavy volume exceeding previous intraday record.
We believe the uptick in volume for Paltalk could be related to a potential settlement of the company’s patent
infringement action (Case # 6:21-cv-00757 in the Western District of Texas {Albright}). We note the court extended
the deadline for Cisco/Webex’s answer until Thursday September 30 and believe with some degree of certainty that
Cisco will seek to settle this lawsuit. Given the merits, the jurisdiction and the potential damages plus interest involved
we believe this could be an 8 figure settlement but will more likely fall in the $50-$60m range. Even the low end of that
range is approximately 2x Paltalk’s market cap as of today’s opening and such a windfall would dramatically shift the
company’s ability to pursue other potential infringers of Paltalk's patented technology including but not limited to Zoom
Communications (NASDAQ: ZM), Ringcentral (NYSE: RNG), Clubhouse (Private) and Discord (Private).
We also note the company’s successful actions against Microsoft and Sony in 2006 where a settlement in the “tens of
millions” (CEO quote) was reached several months into the process. We believe that suit where Paltalk was also
represented by Susman Godfrey LLP resulted in an amount similar to what could be received in the current suit based
on the published acquisitions in the months that followed.
Good stuff. With a float under 2.5 million shares it would not take many buyers showing up to move Paltalk higher and with more than 300,000 community members using it ........
Q just reported shows a huge ramp in revenue and EBITDA plus co using cash flow to buy back shares, repurchased over 1 million shares in the Q
Yes true float maybe 1/2 the 1.9m reported - closer to 1 million shares - saw a report breaking this down, will try to link. Momo traders trying to find small float stocks haven't discovered this one yet. When they do it could go $10 plus pretty quick
Float of 1.9m, no debt $10m in cash, patented technology that has started being used by Amazon 3rd party merchants over the last two months and has applications needed by big pharma, industrial, retailing, etc. Margins in Q1 over 80%, just need a deal or two and will be profitable.
And articles like this could give Golden Bull a boost -
https://seekingalpha.com/news/3571207-green-shoots-in-china-auto
Still, probably would not short here because of the small float and traders looking for small underfollowed stocks to run. Golden Bull could easily be pushed up a dollar or two if it gets found by the micro float pump crew
"Should be", but probably won't because there is nothing left here. But no layoffs because its only a few people working from home.
This company owns no bitcoins, no bitcoin mining machines and as of today, they don't have enough cash to buy a bitcoin.
The arrested executives are still on the lam, or at least that is what DNJR's filings would have you believe.
DNJR management asleep at the wheel? Why doesn't DNJR file anything about a letter from NASDAQ letting them off the hook from the $1 minimum bid rule? It has closed over $1 for 15 days now. After 10 days the NASDAQ usually sends a letter saying they have satisfied the minimum bid requirement.
SEC enforcement action request - we have questions regarding the accuracy and adequacy of information in the marketplace concerning the company. No mention of Covid-19 impact in latest filing despite the fact that it completely shut down DNJR car rental business, its only operating segment after the lending business was shut down and management arrested. New indicia of fraud requires a halt in trading
1 - arrest of top officers, the disappearance of CEO and top shareholder -https://www.sec.gov/Archives/edgar/data/1710350/000121390019021663/f6k103019_goldenbull.htm
2 - $35k in cash 1/1/20 and reported SG&A of $200k per month. No filings indicating how company has obtained operating capital. Who is paying the light bill?
3 - No filings disclosing impact of COVID-19. DNJR's only operating business since December '19 per filings is car rentals. Travel restrictions in China Jan. - April halted car rentals. DNJR could literally have zero revenue for Q1 but no mention of any material change in business mentioned in March 25 filing.
4 - Why can't DNJR file "LAST YEAR'S" financial statements by April 30? With only $35k in revenue last six months how complicated can it be?
5 - In announcing unaudited results for 2019 on March 23, 2020, why no update on QTD? Only 1 week left of the quarter. Did Covid-19 have any impact? Did the company ever locate the CEO? Has the fired board member that owns almost half of the company's stock been found yet?
6 - is company selling stock to fund operations? No filings of stock sold.
7 - Are fired CEO Zheng or board member Liu selling their stock? If you disappear and refuse to communicate with the company, do you hold your stock or sell it? And if you sell it, do you go to the office and complete the paperwork they require with each stock sale? Looks like these guys are dumping stock as fast as they can and company is not filing proper documentation with the SEC
It is inevitable. I hope we get a week or two of steady gains so strong hands can soak up the float before the spring is sprung
Slowly is the best. Taking back a little ground each day for a few days or weeks. The big squeeze day will come but the best thing that can happen is these days where we go up 5 0 6 cents per day to build a base so that the big blowout starts from a much higher level.
I think a big squeeze is coming but I would not be surprised to see a slow steady move higher over a few days before a big blowout squeeze. Looks like the shorts have been trying to push it down each day this week but there are more buyers accumulating.
Blockchain news would send this much higher than 300%. There are 511,000 of the 1 million share float sold short. Shorts are battling each day to keep a lid on it. If it breaks out just a little, just a spark and the whole thing will blow sky high. Where did you see the information about LMFA blockchain?
You sir are correct
You should get those back and hold on to them or at least establish a trading block and long term block. Make your long term block larger than your trading block. I know this has been a good swing trade for awhile, but what public float remains is getting acquired a little each day and the lows/highs are about to start getting higher as LMFA gets wound tighter and tighter. Any positive news of the kind I expect to see soon will make those trading this for a quarter or 50 cents feel foolish for missing the bigger picture of what is about to happen here.
People who sell LMFA at 1.50-$1.75 will be kicking themselves very hard over the next two weeks. The 1 million share public float is getting bought up a little each day by investors who see what is about to happen here. Dont let the swing traders fool you into giving up your shares. This will be a multibagger in a very short time frame.
The relevant report is put out by Nasdaq and the current short interest is 511,927. Anyone can view it by clicking the link below-
http://www.nasdaq.com/symbol/lmfa/short-interest
The trading patterns of the days since that report came out suggest more shorting, so the next short report could show even more than half sold short. The short squeeze potential here is jaw dropping. Not just because of the 1 million share micro float valued at $1.5m but the fact that over half of that float is sold short. It would not take much capital to light a fire here.
So you are saying that FINRA shows zero short interest for LMFA?
Just over 1/2 the public float is sold short. The public float is 1.01 million and there are 511,932 shares sold short. The trading action since Nasdaq reported that number last week suggests there has been more shorting each day since.
http://www.nasdaq.com/symbol/lmfa/short-interest
I have been buying over the past week. There appears to be heavy and increasing accumulation here. I wonder if the short sales in $1.58-$1.60 range are actually longs trying to buy more before they let it go. Either way, I think it is great because it allows us to buy more at lower prices. I am backing up the truck here.
Any real shorts here? I would love to hear the short thesis on this one