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I haven't even bothered to look at this company in over fifteen months...
What a friggin' dumpster fire this Moon Market-inspired stock turned out to be...
Yikes...
C
The usual caveats apply--like 'do your own due diligence' as I see you've already begun to do---But here is some info you may want to consider if you haven't already seen it:
Company website
https://hubsecurity.com/
Company Twitter
https://twitter.com/hubsecurityio?s=11&t=JP1BoX39zRTutUmtydNB6Q
Everyone who’s interested in the company should go to Twitter and read the posts discussing the company there.
Several people have posted quality articles detailing the company’s operations and the huge difference in their cyber security offering as compared to every other big company.
The company has deliberately chosen to move its HQ to America as it views the North American market as a huge opportunity for expansion.
Let’s put it this way: this company’s cyber security product will take any website it’s installed on to a completely different level of security which no other company out there can offer. It protects websites in active use on which data is being written on in real time. All other cyber security offerings are designed to protect websites when static.
You can immediately see the huge difference between the two types of security protection.
This is military standard encrypted cyber security for any company that wants it at an affordable price. Read the previous sentence again.
Military grade encryption available to every company that wants it? As already mentioned above this company’s cyber security products are market leaders.
One of the major reasons (but worth mentioning again) for that is that it protects data while it’s being written ON the website while the website is in active use in real time. All the other cyber security products and tools on the market are all designed to protect a static website which is not in use.
Here’s an article from Forbes
https://www.forbes.com/sites/davidbalaban/2023/03/01/confidential-computing-trailblazes-a-new-style-of-cybersecurity/
Here’s another
https://aldservice.com/Company/ald-group.html
And another
https://www.prnewswire.com/il/news-releases/hub-security-signs-a-partnership-agreement-with--one-of-the-leading-us-cyber-system-integrators-to-provide-confidential-computing-solutions-301578966.html
And another
https://twitter.com/spacpicks?s=11&t=AW_sx331cRvs5_0V4UITFQ
Read the company website
https://hubsecurity.com/
Numbers I’m seeing on Twitter show 89% of the shares are either owned by insiders (30%) Or institutional investors.
Read that as only 11% of the company’s shares are in the hands of retail investors.
When you search on Twitter for posts on a stock - search like this $HUBC with the $ before the ticker. In case someone reading this isn’t familiar with Twitter.
When you find someone who is posting about the ticker you can also search their account by entering the same search terms in the search bar top right on their individual account.
Well worth reading the links to get the whole picture.
Hub Cybersecurity Announces the Appointment of David Riker as Global Chief Operating Officer (prnewswire.com)
NEWS PROVIDED BY
HUB Security
Apr 11, 2023, 07:55 ET
Veteran Risk Management Technology Executive Joins HUB Cyber Security, a Leader in Confidential Computing, to Drive Enterprise Growth and Go-to-Market Success
TEL AVIV, Israel, April 11, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cyber-security solutions and services ("HUB Security" or the "Company"), today announced that it has appointed David Riker as its Global Chief Operating Officer.
As HUB Security's new COO, Riker will lead efforts to scale the Company's global business operations and go-to-market strategies, aligning the Company's two business units, Confidential Computing and Professional Services. Mr. Riker will report directly to HUB Security's CEO, Uzi Moskovich.
"David brings decades of experience driving rapid enterprise growth through disciplined organizational alignment and a focus on client needs and financial results," said Moskovich. "He has a proven track record developing long-term relationships with government agencies, Fortune 500 enterprises, as well as global banks and insurance companies. As COO, David will be an instrumental voice in the Company as he knows our business and culture well, which will enable him to seamlessly transition into the organization and quickly start working with our team."
David Riker has over 20 years of experience leading fast-growing technology and risk management companies. Prior to his role at HUB Security, he served as Vice President of Strategic Development at global intelligence leader WorldAware after the sale of BlueLine Grid, a government technology business he founded and led as CEO. Mr. Riker previously served as Managing Director at Kroll, the global risk management company, VP of Products and Corporate Development at Marsh & McLennan and Chief Technology Strategist at Travelers. He was also an operating partner at Pacific Growth Investors, a private equity fund based in Los Angeles, and served as CEO of high growth venture technology startups Storm Exchange and eCoverage.
"The timing for HUB Security's opportunity is immediate," said Riker. "I'm fortunate to join Uzi and the management team as we write the next chapter of HUB Security's growth. There is no greater honor for me than to be part of a team seeking to make the world a safer place and we're all excited to attempt to harness the large addressable market ahead of us as we continue to expand HUB Security's impact around the world."
About HUB Security Ltd.
HUB Cyber Security Ltd ("HUB Security") was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces. The Company specializes in unique Cyber Security solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB Security operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the anticipated benefits of the transaction, and the financial condition, results of operations, earnings outlook and prospects of the combined company. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "future," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "seem," "should," "will," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of HUB Security, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the HUB Security and the following: (i) expectations regarding HUB Security's strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB Security's ability to invest in growth initiatives and pursue acquisition opportunities; (ii) the outcome of any legal proceedings that may be instituted against the combined company; (iii) the ability to meet stock exchange continued listing standards; (iv) the risk that the consummation of the business combination disrupts HUB Security's current operations and future plans; (v) the ability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, competition, the ability of HUB Security to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vi) costs related to the transaction; (vii) limited liquidity and trading of HUB Security's securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB Security may be adversely affected by other economic, business, and/or competitive factors; (x) inaccuracies for any reason in the estimates of expenses and profitability and projected financial information for HUB Security; and (xi) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in HUB Security's final proxy statement/prospectus filed on December 5, 2022.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB Security prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB Security or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in press release. Except to the extent required by applicable law or regulation, HUB Security undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events.
Logo: https://mma.prnewswire.com/media/1710726/HUB_Security_Logo.jpg
Gili Nizni, VP Marketing at HUBSecurity
p...@hubsecurity.com
SOURCE HUB Security
https://www.prnewswire.com/news-releases/hub-security-announces-the-appointment-of-david-riker-as-global-chief-operating-officer-301794311.html
In this particular context only money will achieve that...
Anything less from HUBC---or any other stock---is chaff
C
And how many times have we heard that before without any meaningful fulfillment of our expectations?
I'm not getting my hopes up just yet...Many of us have been in this spot far too many times before to get excited over the same old pie-in-the-sky rumors regarding news and corresponding share price improvements that don't occur--or else quickly evaporate when they do...
Hope I'm wrong, though...
C
The last You tube vid he posted that included ILUS I recall hearing him say that "ILUS may pay their shareholders back someday..."--and then his voice kind of trailed off in obvious resignation which led me to believe he'd lost confidence in the company altogether compared to his original (contagious) enthusiasm...
C
At least you have occasional dumb moments--whereas I have entire dumb decades...(not all related to my stock purchases, sadly...)
C
I couldn't agree more...Wonder if Moon Market agrees?!?
You keep calling for that but there's absolutely no compelling reason to think that's ever going to happen, Bunda Buddy
C
Or even less...
At the rate ILUS is going your wish may well come true, unfortunately
Hope I'm wrong...
C
I'd gladly settle for a nine cent PPS right about now...
Sigh,
C
"Have they announced a replacement manufacturing plant for the Serbia deal that has not come through?"
NO...(at least not yet)
"Without a plant, they can’t manufacture much..."
AGREEEEED!!!
I agree, but I see little likelihood that John Paul (or Nick) would ever pull the trigger on an investigation of that magnitude or scope...
As for the low share price constituting a barrier against institutional interest in ILUS, if I'm not mistaken, hedge funds aren't even allowed to look at bulletin board stocks--let alone sell them to their clients as securities...That's because there's nothing "secure" about pink sheet companies (as we've learned...)
At a minimum ILUS must graduate to the QX in order to get more eyes on its stock--or at least to the QB--if they are to have any hope of generating interest in their vision of becoming a vertically integrated global conglomerate in the dim future as our CEO has more than once expressed...
My three cents,
C
Are you suggesting that 'our management' blows the whistle on itself for the collective good of their shareholders??!?
Uncomfortably so--just as we sort of predicted (and in my case feared...)
As usual we can say all of the typical things like we're glad weak hands are getting shaken out as the price drops which at the same time opens the door for small fry investors like myself to channel Bill Gates and load up on the cheap, but I'm sick of watching stocks drop like an anvil just three weeks--or less--after they're in my portfolio...
Bottom line? I guess I shouldn't have sold Broadcom, NXP Semiconductors and Nvidia when all three were trading around ten dollars a share, or less, back in 2014...
At the rate we've been falling lately you may not have that long to wait...I'd be interested to know if Cathie Wood (CEO of of ArkInvest) remains as bullish on HUBC as she was barely six weeks ago...Not saying she shouldn't be but perhaps she knows a little more about what's taking place behind the scenes?
C
Yet worse--sub-$1... (and counting...)
You were saying??!
If I've said it once I've said it a dozen times: The one thing large investors want to see from ILUS (or any other bulletin board stock for that matter) is independently verified contracts signed with industry Goliaths in economically viable sectors of the economy...It's the only factor that will raise the PPS reliably or sustainably... That's the wheat...anything less is chaff...and the paltry stock price following the announcement (yet again) makes it abundantly clear that the investment community doesn't give a tinker's damn about a $4.5 million dollar net profit without evidence of buy-in from large institutions (like hedge funds or government agencies or transnational corporations...
End,
C
The Fed Chairman Jerome Powell--like most of his predecessors--seems to think his only weapon is the hammer of interest rate hikes...So each time inflation rears its bulbous head JP sees it as a nail...which he'll hammer (down?) with more aggressive increases which will eventually place our economy in a coffin...
And he's a Princeton grad...
Pity,
C
Good old OTC...Predictably unpredictable...
A breakout to what price point??
A dime?
A nickel??
A penny???
GREAT!!
Thx!
C
Ok thanks!
Will they be audited financials? That would certainly help...If not, I'd be cautious with my optimism since the unaudited variety hasn't often moved the stock price of an OTC company very much in the past...Hope we'll be an exception but I guess we'll soon see...
I wasn't bad mouthing Mr.Triant at all; far from it...I was simply asking an honest question---one that should be posed about the CEO of any bulletin board company with (thus far) unrealized hopes of making it to a senior exchange like the NYSE or the NASDAQ at some point...
C
Was MMTLP trading on a senior exchange or was it a pink sheeter?
Also, when was it decommissioned and why?
C
Great teach, Peach...
C
You may not have long to wait...
C
Same here--at least if you're defining short term as the period covering the next, say, two or three months...In the weeks ahead I feel the stock price could dip as low as a buck...But long term--as in years--I feel this company has genuine potential provided existing government contracts bear fruit and at the same time lead to other signings with industry behemoths who require advanced cybersecurity features not yet offered by our competitors...
C
Got it~
Thanks Tash!
C
That's encouraging; thanks...
What rights aren't being protected by the US government in Mr. Triant's opinion?
Just curious,
C
How would any investor really know that the CEO has been busy other than by verifiable results following an announcement? We certainly hope so, but the stock price doesn't reflect it, and until it does doubt abounds, unfortunately...
C
You cross your fingers and I'll cross my toes
GLTUA & have a prosperous week, hopefully...
C
I agree with the more realistic valuation you're suggesting, but the market never seems to give a tinker's damn about pink sheet stocks no matter how promising the financials or how well managed they may be until independently verified contracts are signed with industry whales in viable sectors of the economy...
We'll see, but given all of the times I've been in this scenario previously where favorable revenue reports were supposed to raise the stock price (but didn't...) I'm not even slightly optimistic...
Hope I'm dead wrong~
C
"I'm thinking the SP should easily get over .50 and maybe get into the ,.007 range or more..."
Was that a typo about our stock reaching fifty cents in your opinion?
C
Let's hope that the trajectory of this stock doesn't match ILUS's entirely...
C
If, if, if...
My gut tells me that this will be much ado about nothing
But since I'm pretty heavily invested here I certainly hope I'm wrong...
C
If that's all that's low then I'd say he's still in good shape
C
For ILUS it's been 'that time of the month' for far too long as far as its investors are concerned...