Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wouldn't a spin-off have to be made publicly anyway?
Something is definitely happening with PLFX. There wouldn't be this much volume over several days if nothing was happening... But it's all happening in the background. A few weeks or months from now we might see some news publicly.
Here's what I'm thinking: 1) They now have enough time and people to focus on PLFX long term now since FUBO is off the ground running on it's own. So they might be correcting a few things they got wrong with PLFX a few years ago and they are setting it up so FUBO can buy them out completely in the short term... 2) They are trying to get PLFX listed on NYSE so it can also become a household name like FUBO and then a huge merger would come after that between FUBO and PLFX... OR 3) This is just a fluke price raise like every other time and nothing will ever happen with PLFX. I'm holding over 150k shares of PLFX, so I'm in it for the long run. We'll see what happens.
I was thinking the exact same thing... a pink sheet stock doesn't get this much volume consistently unless something is happening. But, only time will tell exactly what is going on with this stock.
I’m keeping my shares though... something is bound to happen in my opinion.
FUBO does own PLFX as a subsidiary company... so PLFX was owned by FBNK who is now owned by FUBO 100%. FBNK is no longer a company as it was combined with FUBO 100%. So FUBO still owns PLFX (from what I know) at about 55% - 70+%. I read a statement a while back that stated FBNK owned PLFX roughly 55%. Then I read a statement shortly after that mentioned 70+%... not sure the exact number. The statements are around the time of the FBNK FUBO merger.
I’m thinking if they did buy out PLFX 100% and buy out everyone’s public shares, they would either have to buy them at a much lower price than @ 1.38 per share as Textor mentioned early 2019, OR... they would have to (very quietly - not sure how that would work) offer to buy out everyone’s shares at the 1.38 previously stated. The thing is is if they did it “quietly” those who knew about it would buy as many shares as possible driving the price up automatically. But the question to really ask as one of you already has... do they really need to buy it out? We’ll see as time will tell but I can’t see them never buying out PLFX from a financial standpoint. It makes no sense for them to keep this ticker around for a few thousand bucks every year on the pink sheets while generating zero cash. The technology of PLFX is what’s valuable.
As far as I know, FBNK Finance used to be a company under another name they acquired last year. But FBNK Finance is not even in the US... it’s in Luxembourg. This doesn’t have anything to do with PLFX. From my understanding, FUBO still owns the USA FBNK company which also owns 50+% of PLFX. To your point though, I’m not sure what they’re going to do with Pulse.
Can FUBO just buy out Pulse Evolution Corp already?? Pulse is already majority owned by them. Yet, Pulse Evolution Corp (PLFX) is trading at 0.03... No point in keeping it around.
Just email... nothing yet. I have a feeling they are going to uplist to a major exchange soon. Once they do, they might just buy out PLFX.
Try reaching out here - this is what is publicly listed as their (FUBO) investor relations contact.
Investor Contact:
Brinlea Johnson, The Blueshirt Group
brinlea@blueshirtgroup.com
415-269-2645
So as of right now... From what I found out so far, everyone will have to wait until FUBO buys out PLFX to exchange shares... OR... you can call/email their (FUBO's) investor relations and see if they will buy PLFX shares from you directly as mentioned in the investor call from last year with Textor. The more people who call/email, the more persuaded they will be to buy them back. See what you guys can find out by calling or emailing them... Never know.
Will do! Whatever I find out I'll post it on here publicly.
Maybe... But I'm trying to find out if we can trade out our shares for FUBO. In the process of finding out but it may take a few weeks.
I'll keep you updated on what I find out.
Gotcha.. So then you only own PLFX. I'm currently looking into transferring shares into FUBO if it's possible. If not, then will hold until FUBO takes 100% ownership of PLFX... Which may be a while or never. But the technology FUBO will use is owned by pulse technically so not sure why they wouldn't pursue 100% ownership.
Do you hold PLFX shares or FBNK?
FBNK merges with FuboTV. https://variety.com/2020/digital/news/fubotv-facebank-merger-100-million-loan-1203542156/
FBNK just merged with FUBOTV. Amazing timing indeed. https://variety.com/2020/digital/news/fubotv-facebank-merger-100-million-loan-1203542156/
Correct... Personally, I still (very firmly) believe they (or Textor in this case) will honor that offer from the past @ 1.38... or if not that price, something very close. Textor in my opinion is working his ass off to increase shareholder value for FBNK, which indirectly influences PLFX stock to go up naturally. With the pieces he's putting together (companies he's buying/merging with, the advertising company he's now working with, the deals he's signing... aka floyd mayweather, muhammad ali estate, etc) FBNK will be positioned beautifully for a full buyout of PLFX. He wants 100% ownership of PLFX, just at the moment other things are taking much bigger precedence. But at some point this year or next, he's going to bite for all of PLFX... again, my personal opinion. He understands shock value for customers, which is why PLFX, FBNK, and any other companies he buys/merges with don't gain a lot of media attention at the moment he buys/merges. He's waiting on purpose for the perfect time to release the "shockwave" so to speak. When that happens, boom goes that stock! (Both PLFX and FBNK - if he hasn't already acquired PLFX by that time). I'm Looking for it around the end of this year or first quarter/half of next year for the boom.
I bought shares that day.. but a lot of shares had to be "moved" first. So the volume is a bit little deceiving... But that's where the volume came from. To be honest, most people think this stock is shit... which it is ALONE, by itself. But it's only because of FBNK that I'm buying it. FBNK, as you know, owns majority stake in PLFX and I see very strong indications they will acquire 100% of PLFX at some point this year in 2020 or 2021 for many reasons. Obviously, there's no guarantee with anything in life but at pennies on the dollar, it's a massive opportunity that no one is looking at or considering which they should in my opinion. But don't buy any if you can't see it going anywhere and a waste of money, I'll take the shares at .02 all day long.
Little confused... Holding 50k shares of PLFX until the RS means how many shares of BTOP when the RS happens? According to the 14c, they are going to do a 20 to 1, up to a 40 to 1 split. Or are those RS ratio numbers only for those who own Evolution AI shares? How are they calculating PLFX shares?