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lol. You said that few months back too. Still in low $2s
Let me tell you one rule of thumb - when co is diluting which Todd certainly is here, TA means little. If they keep dumping shares, RSI could go to 5 and stay there for a while before stock sees any rebound. Market has time on its side and deep pockets that retail just simply does not. Hence position size accordingly imo. Don’t bet the farm on this one. Might end up very badly. Glty. $DPW
I don’t know man. I’m not your science guy. Several more informed posters on this board from that perspective. I’m just saying that reverse mergers are VERY messy. This co by itself has seen a long continued downtrend. Throw in a reverse merger which is notoriously famous for eroding market caps from the time merger announced, and you’ve got a perfect storm. Tread carefully. That’s all.
What timeline we talking about there? I want to make sure I will live long enough for that event to happen in my lifetime
Because IPOs are expensive. Get all the accounting audited, road shows, underwriters, all that stuff takes money and time.
Tread this one carefully imo. Marker was likely looking for a public shell to merge into so their path to going public is compressed significantly. Tpiv was able to offer that to them so they’re reverse merging into tpiv ticker. I don’t know much about this one but in general, reverse mergers are very messy and shareholders almost always end up losing a chunk of market cap. If you want examples. See charts of WPCS and Drop car merger - now trading DCAR or IFON and Cooltech merger now trading as IFON. Look at their daily charts prior to and after merger. Or see ETRM merger with I forget the name but now trading RSLS I think. Same story here perhaps.
Agree with L2
Been telling you. Nothings going to come of this ticker imo
Yeah the pig is well done. Stick a fork.
OS is 2.2M. I guess to ask you to read filings is a stretch. I get it. But at least read simple text posts on this board. I gave you my DD for free. OS number mentioned in there. $IFON
Vern Loforti cfo
Wow. Gotcha gl
From trading?
Yup. I’m adding here. No brainer to me. $IFON
Ok I’ll give you a freebie. I just got off phone w/ co. They confirmed Os is 2.2M. Confirmed recent investors got in at $10 per share range. They have deep pockets. Believe in company strategy and will be providing continued funding to execute. Just yesterday co had meetings around name change. New IR, new website, name change all coming soon. $IFON co did $5.3M in rev just last Q. Current MC is $7M. Pps yugely misaligned.
Closed green today with bids creeping up ah. Tomorrow should be fun imo $IFON
Grapes are sour? Learn to trade. $LMFA
All sorts of bad news is baked into this current pps imo. Mgt plan remains to be seen when they’re ready. Lots of potential $AKTX
Told ya. $LMFA
What a bunch of idiots mgt has been. Face palm
Why should I do dd for you I don’t understand
Because the Merger was deemed to be a reverse merger, although InfoSonics was the legal acquiror of Cooltech, Cooltech was deemed to be acquiring InfoSonics for accounting purposes. As a consequence, our historical financial statements prior to the Merger presented in these and in future financial statements reflect those of Cooltech, except for the legal capital of Cooltech which is retroactively adjusted to reflect the legal capital of InfoSonics. To clarify, our consolidated results for the three months ended March 31, 2018 include the results of Cooltech for the full quarter combined with the results of the legacy InfoSonics business for the period from March 13, 2018 to March 31, 2018.
Price of merger was 40 to 50 cents pre split, and that means that 40 cents, the low range, equals 10 dollars per share.
Go ask the co.
pump coming. be ready IMO $IFON
see what I just posted. Think they are getting rid of the stupid verycool business and keeping the Apple relationship + bringing everything from Cooltech side. This will be a solid turnaround IMO.
As an Apple Premier Partner, we work with Apple to develop our network of OneClick stores in locations and markets where Apple has limited or no presence. In our stores, we sell all Apple and Apple-approved products and accessories, including accessories that we source from independent third parties. We also provide repair service for Apple products and are one of the select authorized third-parties that Apple entrusts with its proprietary machines used to repair or replace damaged iPhone screens. Retail customers may book a repair appointment at one of our OneClick stores directly through the Apple website.
Subsequent to the Merger, we decided to phase out the verykool® brand of cellular phones and tablets, which was the legacy business of InfoSonics before the Merger, and focus on the business model and strategy of Cooltech. During the remainder of calendar year 2018, we will work with our verykool® customers to systematically exhaust the inventory of verykool® products and wind down that business. We are now integrating InfoSonics and Cooltech facilities, systems, and personnel and we expect the integration process to be completed by the end of 2018.
Because the Merger was deemed to be a reverse merger, although InfoSonics was the legal acquiror of Cooltech, Cooltech was deemed to be acquiring InfoSonics for accounting purposes. As a consequence, our historical financial statements prior to the Merger presented in these and in future financial statements reflect those of Cooltech, except for the legal capital of Cooltech which is retroactively adjusted to reflect the legal capital of InfoSonics. To clarify, our consolidated results for the three months ended March 31, 2018 include the results of Cooltech for the full quarter combined with the results of the legacy InfoSonics business for the period from March 13, 2018 to March 31, 2018.
The Business Overview below presents our new business model without mention of the verykool® legacy business that we are winding down. Also, we intend to change our name in the near future to reflect our new strategy.
Business Overview
We are a retailer and wholesaler of consumer electronics focused on the operation and expansion of our OneClick® retail stores in the United States, Latin America and Canada. As an Apple Premier Partner, we work with Apple to develop our network of OneClick stores in locations and markets where Apple has limited or no presence. In our stores, we sell all Apple and Apple-approved products and accessories, including accessories that we source from independent third parties. We also provide repair service for Apple products and are one of the select authorized third-parties that Apple entrusts with its proprietary machines used to repair or replace damaged iPhone screens. Retail customers may book a repair appointment at one of our OneClick stores directly through the Apple website.
Our Cooltech Distribution unit distributes various consumer electronics to resellers, retailers and small and medium-sized businesses in Latin America and the United States. We market and distribute a variety of mobility, computing, audio/video, and other technology products including laptops, tablets, cell phones, drones, smart watches, gaming consoles, accessories and audio devices. In addition to our direct relationship with Apple, we have direct relationships with top third-party brands in the Apple retail echo-system including Bose, Belkin, Speck, Tech21 and Thule, among others.
We currently operate a total of nine (9) OneClick stores, consisting of six (6) in Argentina and three (3) in Florida. Our goal in the next three (3) years is to expand our network of OneClick stores to 200 locations in Latin America, the U.S. and Canada to become one of Apple’s largest retail partners. We expect that our growth will come from a combination of organic expansion on a store-by-store basis, as well as external acquisitions.
OS 2.7M.
Nothing
$IFON still waiting for 10Q but based on their NT filed, they will do around $5.3M in rev just in Q1 and co market cap is $2.37M. Valuation is out of whack IMO.
Er tomorrow pre market imo.
Market cap is STILL too big for this money losing pig. 11.7 for this HOG!!!!???????
Gotcha. Thanks for the perspective. I’ve been going thru the filings and like what I see. Hence checked with you since you seem to have been around for a while here. Glty. $IFON
Help me w / something here.
on March 12, 2018, the Company issued to Purchasers an aggregate of 175,000 shares of Common Stock and 175,000 warrants to purchase 175,000 shares of the Company’s Common Stock (the “Warrants”), in exchange for an aggregate of $1.75 million in cash.
The Warrants are exercisable commencing on September 12, 2018 and have a term of exercise equal to three years from such date. The Warrants entitle each Purchaser to purchase up to the number of shares of Common Stock set forth in such Purchaser’s Warrant, with an exercise price equal to $12.10 per share,
Don’t be a stranger James. Come chat. Maybe you’ll convince me to park some speculative money on this pig.
Isn’t it nice. I go to the exam and tell the professor I won’t write a single answer on the exam questions because you’ll then know the knowledge I’ve gathered on the subject. Lmfao. Why didn’t I file CTs all these years instead of flunking my way thru college. Duh $DPW
Bags getting heavier? Do some math for me on pre split prices.
Not arguing your math. Question is why will it go back in value to where it was.
Your bag must be heavy. Or not. Since your holdings got severely R/Sed to nothing imo. Gl