watching
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Your influence in that direction was been fruitful! With all your energy and intuition, how about finding an investor? Thanks...
2008
SOOO quiet as it drifts lower without news. Since 2008...
Solid news of progress is welcome. LBSR has much to offer serious developers. However, the average trade here is small and giddy news travels fast. It should be understood in that context that there has been no news for a LONG time. If near-deals were in the works, quiet would be more normal. Let the flag unfurl.
SPS50
Yep... so much positive buying here today... Ooops
Just wondering... status from HQ on the latest ground evaluations of any type. Aware?
I have heard that here before... and lost a bundle to date. Intelligent timing ???
Sad repetition of mistakes... where are all the promoters now?
SPS Since 2008... ugh
IRRATIONAL EXHUBEREANCE... unrealistic expectation of pps increases based on gullibility of future investors when the eps is unknown, eps in the past is unfavorable, leadership questions and continued history of dilution.
Creep up ???
Much to think about. As one viewpoint, one best way to value a company is by EPS times a sector rule. Revenue without profit means little. Therefore the valuation here is nominal IMHEO.
I certainly would avoid the giddy kindergarten euphoria of a growing revenue = automatic rise in pps. Take care, all.
Valuations based on times Revenue are only valid for public corporations with a sustained history of reasonable sector profit. Better to watch the year after year pennies of operational profits (if any) and let the dollars of pps follow and take care of themselves. Was it Benjamin Franklin that said that?
A good look at potential profit vs dilution led me to.... GLTA in your analysis.
Lots of shares for sale, but the real earthquake is about to hit. GLTY
You have a perceptive mind and I admire that here. I'm sold and done. GLTY
Not a chance...
Someone(s) knew this early and liquidated big. Revenge from HQ or just wall street at its typical worst?
Ah, love that language. My interpretation is that the "debt" to be paid on is agreed in advance from SGSI's list, say ICLD. But only to the extent of the $3MM capital infusion with already $1MM given that paid off the oldest one. That leaves $2MM for the remaining debt payoff at closing. Otherwise the capital infusion $ is not as PR'd. JMHI...
Thanks... prefer your version.
SPS50
While my post was intended to only address the debt payoff issue, we must wait for official documents to clarify your question it seems...
Confusion, yes! But the 8-K specifies what the funds are to so pay the undefined debt is and that figure is...
2.1 Merger, Sale and Purchase.
(i) For purposes of this Agreement, and assuming the completed merger and acquisition of the Company and all of its assets and subsidiaries, the consolidated merged entity shall have an enterprise value of $130,000,000. The merger shall be effected through a sale and exchange of shares and a capital investment of $3,000,000.
Just my take on the statement... IMHO...
8-K requires careful interpretation; The debt cancelled because of funds advanced is.... yet to be fully disclosed perhaps.
2.2 Purchase Price. The aggregate purchase price payable by Buyer as consideration for the sale and transfer of the Wavetech Shares (the “Purchase Price”) shall be a number of SGSI Common Shares equal to the Company Net Equity Value divided by the price per share of Buyer at the close of trading on the OTCQB Venture Marketplace on the date immediately prior to the date hereof ($0.15 per share) (the “SGSI Closing Shares”):
(i) [$110,000,000/the lesser of (1) the average VWAP for a share of SGSI common stock for the ten (10) consecutive trading days prior to the date of the execution of the definitive agreement and (2) $0.25], and
(ii) minus the Buyer Closing Debt.
2.3 Calculation and Payment of Purchase Price.
(a) Calculation of Estimated Purchase Price. Two (2) days prior to Closing, an estimate of the Purchase Price shall be calculated as follows (the “Estimated Purchase Price”):
(i) [$110,000,000/the lesser of (1) the average VWAP for a share of SGSI common stock for the ten (10) consecutive trading days prior to the date of the execution of the definitive agreement and (2) $0.25], and
(ii) plus the Estimated Buyer Closing Debt paid by the Company and cancelled by using cash
provided by the Company.
As usual L2 daily is missing bids between the listed bid and ask. Mine is one of them...
Thanks, but was also wondering just how official and accurate this link is? I ask since it asked to confirm # of employees, etc. and had the December intended merger with ICLD still on there. Thoughts...
For all the daily repetitive happy posts in mass, the pps still languishes. No $ where their comments are ???
The "overwhelm" mill is posting at a faster pace this morning. Will they convince SGSI management to remove all the dilution coming?
Good, only 70 million dilutive shares to handle yet... (gulp!)
THank you for the DD, Drugmanrx ! Says....
Most of the convertibles will go lower due to terms... they will force the pps down and then convert. Besides, some of the terms are that if SGSI issues shares for less, then that is the new floor per 8K. And it has been done at .10 as we have seen. Only a full payoff of all loans can avert massive dilution which nominal operational profit can not overcome. I wish they would so payoff. But why no real reports of additional contracts in the last 3-6 months? Can lower revenue be offset by that much contract price increases? Hmmmm….
Shareholder wealth has plummeted in the last year... another bagholder.
Where are the operating profits ??? None close...
Current PPS does not look good...
I still have not seen an official link to ICLD coming on board and surrendering their loans...
Where are the WaveTech financials found now that they are merging to Public?
Where is the tangible revenue for Wavetech?
The reason the P/S can not move is ongoing traders and wise researchers who see that profit can not go up fast enough to deal with upcoming dilution in the 8-K (non-ICLD). I am glad for what was recently done but the rest is still looming large. Read the 8-K detail. Its scary... and the conversion rate is less than 1/200th of what I paid until recently. Out of powder now. Best to all of you...
True - there is much dilutive convertible debt to outside institutions even excluding ICLD if one looks at the 8-k. Of course there is issued to date about 7 million shares, about 5 million of which was just gifted to management and earned in staff. I am all for some compensation via salaries, but after a 200:1 R/S the latter was a slap in the face. They may by temporary choice not openly traded but the potential is there all the time. Two of my accounts here show a $25 break even. Even after all my leveraging down in a third account, the B/E is over $1... and then there is that dilution thingee….
Newcomers, appreciate what YOU have at the moment.
10.5 years...
Is it officially documented that SGSI and ICLD are merging as well? I could not find it in a published PR or 8-K. Maybe I missed it. Nice to see the loan payoff... THanks!
Thank you for this. No financials on website so hard to tell what assets coming SGSI way. Pretty minimal pps uplift on this news IMHO...
Under what name can one find WaveTech on Edgar SEC? I have tried several and no luck.
From latest OTCQB Certification Filed: FYI...
i. Number of Beneficial Owners holding at least 100 shares: 208 as of 12/7/2018 (“Beneficial Owner” shall mean any person who, directly or indirectly has or shares voting power of such security or investment power, which includes the power to dispose, or to direct the disposition of, such security.)
ii. Number of shares in the Public Float: 1,876,023 as of 1/15/2019
There was not that much for sale at the bids nor that price showing this morning on L2. Sure, off quantities and odd pps sometimes get left off even L2. Perhaps an account swap or... your idea.
What about a face to face meeting with... ?
Ah, the kick-it-down SGSI trader games have begun at first light. And who makes a profit from this level...…… ?? The games of Thrones now has a sequel.
The stated in 10Q Convertible share floors for most of the financiers, ICLD or outsiders, is void if the company issues (converted) shares at a lower price or the loan payoff dates are missed. Thus new floors are established as the financiers play the force-it-down pps games just before the due dates or chosen convert dates.
Yes, a major good news impact is required along with not missing loan payoff deadlines, of which another is coming in April per 10-Q. The volume here is lately light but not representative of wide market sentiment. YEs, it is oversold. I guess someone had enough and dumped at .11 for a sizable loss.
Listening, management?