unkown
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Very nice start of trading day! 20's look very thin. Dont's think we will have too many sellers in this range. Should be clear sailing ahead for a while. IMHO
Selling here stopped Tuesday. Buyers controlling action now. Don't think there will be too many sellers in 20's. IMHO
About time for Vert Capital to see some return on this investment....
Overview
UPDATE
Total Equity Funding
Undisclosed Amount in 1 Round from 1 Investor
Most Recent Funding
Venture on February 9, 2015 / Undisclosed Amount
Headquarters:
Los Angeles, California
Description:
PixelMags, a content distribution platform, offers digital magazines, newspapers and catalogs for the iPhone, iPad, Android and Blackberry.
Founders:
Mark Stubbs, Ryan Marquis
Categories:
Digital Media, Hardware, Software, News
Website:
http://www.pixel-mags.com
Social:
Company Details
UPDATE
Founded:
2009
Contact:
usa@pixelmags.com | 310-359-8713
Employees:
51 - 100 | 1 in Crunchbase
PixelMags Inc. is a Content Distributor for digital platforms and an authorized developer for the Apple iPhone, iPad, Android and Blackberry. They help publishers distribute their branded content, which allow users to read magazines and utilize digital catalogs on multiple devices. It currently has contracts with many publishers around the world, including but not limited to Hearst UK, Imagine Publishing, Dennis Publishing, Factory Media, Pottery Barn and Restoration Hardware.
Recent Timeline Activity (19)
February 9, 2015
Raised an Unknown Amount
Venture at an Unknown Valuation
1 Investor
ALL TIMELINE ACTIVITY
Funding Rounds (1) - undisclosed
UPDATE
Date Amount / Round Valuation Lead Investor Investors
Feb, 2015 undisclosed amount / Venture — — 1
Investors (1)
Investor Round(s) Partner(s)
Vert Capital Venture -
Could just be a significant shareholder needs some cash for whatever reason and is liquidating their shares as they decided they couldn't wait any longer. People over-extend themselves and this can happen. Often this selling can trigger a huge rally when seller is done. Enjoy these cheapies as I already have! IMHO
You are definitely not the only one. Been wondering the same thing myself for months. Disbelievers say they have doubts because too much time has passed without update since 8K was issued. If that was the case it would have gone up to .005-.01 soon after 8K was released and maybe gradually decreased as investors became impatient.
But the truth is it was completely overlooked by almost everyone because they just heard the words RS and just dumped their shares and never looked back without even attemping to read one of the most detailed and investor favorable 8K's I have ever read. And if one were to read the 8K you would see why we have heard no updates yet. Hands down the best short,medium and long-term play in the OTC. IMHO
Nice job getting $SPCL into the 20's! Great volume for this Friday morning. Holding strong as we haven't even got started yet when considering the BIG picture here. IMHO
A very nice morning developing here! I'm going to the gym for a couple of hours so I would appreciate y'all working us up into the 20's by the time I get back. LOL
Some plays require more patience than others but will be well worth it in the long run. And the no dilution factor makes waiting so easy in this particular case. Our time will come and I think it will be lightning-fast and very explosive! IMHO
Good things continue being accomplished by this company and management. Soon the price will reflect this. So very undervalued. IMHO
Well said my friend! This is a one-of-a-kind investment. The 8K says it all. And we know what a powerhouse PixelMags already is. IMHO
Couldn't someone update CA's great DD by replacing his previous sticky? Thanks in advance. (Post 20367) Stickies with recent dates are always much more of a turn-on for me while researching message boards.
Anticipation of merger confirmation could/should drive SPCL much higher. Looking forward to seeing some ask-slapping tomorrow. IMHO
That happens. MM's can buy for themselves without honoring your earlier bid. I've noticed that "the order of my place in line" does not always play out like I think it should. On the other hand, I have also received sells before my turn in line also. Never know down here. Sometimes I think, for example, if NITE is selling then the NITE bidder sometimes seems to have first chance over other MM's if they are all at the same price. Haven't figured it all out yet either but it can be frustrating at times. IMHO
Very true. And if we all continue holding tight like we have the last couple of days we have a chance of getting to a little more respectable valuation before confirmation news hits. IMHO
If one believes, as I do, in the details of the 8K then anything below .02 is probably a steal. IMHO
The believers are starting to control the float and action now. IMHO
For your sake I hope that your order for the 3.5M is filled at 15 and all other trading for the day is at 16 and higher. Time to take the next step upward and move back into the 20's. Like the way the selling completely dried up this afternoon. IMHO
That post sums up everything going on here very nicely. And by the looks of trading today we have finally ran out of sellers at this level. Looking forward to incredible gains here in the future. IMHO
Nice update! This will break out to the upside soon. Too many good things happening here not to. IMHO
100% agree with all you have said this morning. 8K's like that take a lot of time and effort to put out and if somehow it was no longer in effect we would definitely have heard PixelMags disassociate themselves from SPCL. Just need to be patient with this one. Could see a 500% + day when update hits. IMHO
Very nice news for long-term investors here! Maybe not quite as nice for the flippers hoping to turn the quick buck. I added to my position this morning. IMHO
The support at 14 has proven to be just as strong as the resistance once was. While we are all getting a little impatient as the SP languishes at this low level it is actually good for building a strong chart foundation. Now once we break 23 we could quickly see the 40's. That is without any additional news of course as that would quickly skyrocket this well into the pennies. Holding long and strong! Can't see why anyone would take a chance and sell any as we all know what is coming... just not when. IMHO
Congrats on the addition to your stack! Can't believe we are still having sellers in the teens. They must not be taking the time to read 8K or do any other DD. Don't they realize that if news comes out premarket Monday they would have trouble rebuying a large position under a penny? IMHO
Higher highs and higher lows! Close wasn't really important. Could make for big % gainer on Monday. The consistent strong volume at these prices definitely show our underlying strength! IMHO
I don't see how anyone who has read the entire 8K could consider that fluff. Maybe you would be more comfortable holding a non SEC-reporting pinky whose CEO has an overactive twitter account. IMHO
A person can pick up some good deals on a Friday afternoon if they have some patience. Nice snag and good luck with them! IMHO
An EOD rally would be frosting on the cake! I would be quite happy if we can just hold present levels after a great week of trading SPCL. IMHO
Yes some nice accumulation going on at the bid today. Some anxious buying at open but since then mostly just steady accumulation on the bid. A slow steady climb this week that is sustainable for the long journey we're embarking on. IMHO
Might hit 25 tomorrow. IMHO
We are definitely both lucky and privileged to have found such an opportunity before it has even begun. IMHO
New closing high for SPCL/PixelMags! Nice job everyone! IMHO
Is an approximate $80M valuation of PixelMags indicated in executed share agreement contained within 8K?
Exchange Agreement
(d) Holdings Capitalization . As at the date of this Agreement, (a) VC2 (as assignee of Vert Capital Corp.) is the record and beneficial owner of 25,950,000 outstanding shares of the common stock, par value $0.0001 per share, of Holdings (“ Holdings Common Stock ”) representing eighty-six and one-half (86.5%) percent of the outstanding shares of the fully diluted Holdings Common Stock 1 , and ( ii ) the former owners of all of the common stock of Pixel prior to February 12, 2015 collectively own an aggregate of 3,000,000 shares of Holdings Series A non-redeemable convertible voting preferred stock, par value $0.0001 per share (the “ Holdings Preferred Stock ”) that, upon conversion shall represent ten (10%) percent of the shares of the fully diluted Holdings Common Stock, before giving effect to any Holdings Common Stock issuable upon exercise of the Holdings Warrants referred to in Footnote 1 below.
The above tells us that were 30M shares outstanding of PixelMags prior to execution of this agreement. Footnote 1 is below...
1 Before giving effect to (a) up to an additional aggregate of 1,254,487 shares of Holdings Common Stock issuable upon exercise of warrants issued by Holdings to former Pixel stockholders to purchase such shares for total cash consideration of $3,329,550 (individually, a “ Holdings Warrant and collectively, the “ Holdings Warrants ”), and (b) up to 6,000,000 shares of Holdings Common Stock owned by VC2 that may, under certain conditions, be transferred to two former Pixel executives under consulting agreements.
Strike price for these warrants were $3,329,550 divided by 1,254,487 equals $2.654. Possibly these warrants were included in the sale of "units" to venture capital investors (Such as buy 2 shares valued at $2.65 and we will incude 1 warrant at the $2.65 strike price as an extra incentive for buyers.) Don't know for sure the origination, the date they were issued or if they were in fact now converted to shares. But I would make the educated guess that these warrants issued in a private company setting had a strike price at the time equal to the same value of the commmon shares or maybe 10% higher at the most. Or they could have been issued at a much earlier date and the strike price of 2.65 was lower than the actual value of those PixelMag shares. In that case they were probably converted.
Using the strike price as the value of the pre-merger PixelMags shares, mutiplying 30M (Use 31,254,487 if you guess the warrants were indeed converted into shares) times $2.65 would give an estimated value of PixelMags pre-merger of $79.6M that were delivered into the SPCL shell. Dividing the $79.6M by the 1.833B shares of SPCL outstanding would give us a SP right now of $.043. IMHO
Just last week resistance was 12 and now it is 21. I will take share appreciation like that anytime! SPCL looking very strong. IMHO
Yes, lots of nice buys today! IMHO
Nice digesting of last few days gains. Feel a little EOD rally coming here. IMHO
Hard to say what will happen the next few days but we're definitely going in the right direction. The float is getting locked tighter and tighter day after day. Could explode upward any day but I like just what is happening. IMHO
Yea, although AON orders do not show on L2 they definitely use these large orders to influence the trading as they motivate sellers to undercut the ask and other buyers to shy away. If someone starts to chip away at the order it is quickly removed.IMHO
Nice trade! As far as the 37 million shares occasionally showing up on the ask if they were really for sale they would not put them all out at once like that. Just someone's trying to influence trading here. IMHO
Newcomers need to read 8K in its entirety as well as all the great DD posted here. Will be time well spent. IMHO
Pixelmags is the huge security blanket that makes it easy for new buyers to step in as well as longs to continue holding. IMHO