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.
Wait and see $0,006 back on deck later this week or next week.
Got that right, we’re golden here.
$0,006 later this week, tradeable float getting smaller each day now with the massive accumulation.
Looking forward to see the week unfold here.
Going for $0,004 test.
Wow did you see that 5M bid refill?
Here we go with the huge ask wall.
Going back to $0,0084 lol. See these huge bids, people want in at one third of a cent.
Judging by the move today, what a crazy emotional roller coaster for many, yesss we're going pennyland. Probably this week IMO.
We almost got rid of Feldman, you guys think we can expect a PR from FPVD management confirming the takeover?
Which OTC stock trades at $0,002 and does re-occurring million dollar revenue with companies like Procter and Gamble and Kraft Heinz?
Quite the anomaly. I wonder why...
Great, this is great they're going to roll out their plans here, looking good.
I’m deeply committed to BIGtoken’s mission and values and believe the company is in a great position to quickly grow its userbase and consequently expand its roster of advertisers,” said CasSelle. “Our work ahead is promising. BIGtoken is already working with large brands and agencies and we look forward to helping more brands find and engage their target audiences with our platform.”
Greay analysis,
Nice coverage of the risk vs reward trade off that's happening here. I agree, but didn't someone said filings are on the way explaining more in detail what's next?
About that odd 88,9% number.
Maybe BIGToken will be partly owned by SRAX (majority holder of 88,9%) and partly owned by an unknown third party. Like some entity that has interest in seeing BIGToken spinned out and who has no interest in Sequire. They might increase ownership amount for example on the condition that certain operational goals are met over time.
This deal has been in the making for more than two years, as noted in one of my posts back in 2018 when they sold the majority stake in their MD business. They still have a significant position in it (collecting information about doctors across States so that Pharmaceutical companies can get in touch with them without a middle-men like a salesperson) Heck, it was even literally said back then in the summer of 2018:
https://www.prnewswire.com/news-releases/srax-agrees-to-sell-sraxmd-for-up-to-52-5-million-300688275.html
This transaction gives us the benefit of the long-term growth we have been experiencing in MD, which we believe will be worth significantly more in the future while providing us the capital we need to grow our other verticals and to bring Big Token to market.
n the first six weeks of the third quarter, we've booked over $4 million for just the Sequire platform alone and close to $5 million between Sequire and a BIGtoken. We had anticipated that we would see $3 million in booking for the entire third quarter. So, we actually exceeded that in July alone. So, we're very, very excited about that.
Can’t wait to see the open here. By Wednesday this should be looking good IMO.
Love how quiet it is now after Thursday and all the noise we had. Looks like we have great support at $0,002, there was a huge bid for 10M shares at $0,002 EOD Friday. We sure saw some heavy loading taken place at $0,002 I watched +50M shrs dropped at $0,002 and they all got soaked in a matter of minutes. Who was loading? Haha. It went fast from $0,0016 all the way to $0,0032 and gradually drop from $0,0024 to $0,002 - $0,0022 on low volume as the afternoon progressed. Looking forward watching this on LVL2 all week.
SRAX sold it’s majority stake in the MD business back in 2018. Look at this PR:
https://www.prnewswire.com/news-releases/srax-agrees-to-sell-sraxmd-for-up-to-52-5-million-300688275.html
This transaction gives us the benefit of the long-term growth we have been experiencing in MD, which we believe will be worth significantly more in the future while providing us the capital we need to grow our other verticals and to bring Big Token to market.
(The strategic positioning of BIGToken into a stand alone public company has been in the making for years! Funding the spin off into FPVD is done with money collected from selling the MD Business)
https://www.prnewswire.com/news-releases/srax-closes-sale-of-sraxmd-and-receives-33-5-million-in-cash-plus-additional-consideration-300692961.html
SRAX maintains a 31% ownership in SRAXmd, representing $10 million in preferred shares in the new entity. The Company also repurchased 515,000 shares and 160,000 options from SRAXmd employees, significantly reducing the number of outstanding shares.
Enlighten me.
Hahaha trillions, imagine what happens if some rich investor with a pathological lack of risk aversion feels bored and wants some excitement in his life. Imagine he read the PR on Thursday and he has the intention to buy a majority position in FPVD for $1,000,000 before 11/02? There are other ways to waste a milly, the super rich don’t care about $1M. It’s one Lambo and one Ferrari less in the garage.
Being part of this bidding war and letting Game Theory play it’s course sounds a lot more exciting than placing $100,000 bets on red at the Roulette table.
What’s going to happen in this hypothetical thought experiment? What if there is more than one Robinhood million dollar investor that wants to achieve the same? Feldman and SRAX CEO going to drop a Quadrillion AS increase on us? :’)
There is no dilution until February 2021 so the amount of outstanding shares is FIXED!
Another great post! You get it.
So that’s BIGtoken which convinced the debt holders to delay diluting until feb 2021. They didn’t take the opportunity to cash in on shares during these wild rides. Dilution has not been turned on which tells me somebody thinks it’s going higher.
BIG's technology is changing the advertising and data management industries for both consumers and advertisers.
“With our rapidly growing worldwide user base, we now have the largest footprint in the global market for enabling consumers to have control and compensation for their data.We believe data rights are human rights, and people all over the world should have transparency, choice, and compensation for their data."
DUH! How else could they sign the biggest names in the advertisement world with re-occurring deals?
Remember on Thursday some people were taking about how this is a crypto play. LOL! It’s not. The company name is not BITToken.
Watch all traditional industries tank on COVID-19 turmoil and our President infected and watch companies like BIGToken flourish as the digital economy / Big Data economy keeps expanding.
https://www.networknewswire.com/big-data-analytics-delivers-during-the-pandemic/
Great post, listen to the interviews I posted yesterday and you get a clear understanding why services from BIGToken (selling data retrieved from its users to big companies so that these corporations can more effectively advertise their products towards their target audience) have a competitive edge.
Because of the new regulations taking place concerning Consumer Privacy, advertisers need consent from their focus groups to retrieve information and use this information for marketing purposes. A lot of companies are not adjusted to the new reality yet, BIGToken already anticipated on this legislation move and BIGToken is all about an Opt-in / Opt-out system. Companies now need consent from consumers to use their information to get them to consume more of a certain product. BIGToken has this problem already solved by building a world wide community (From Asia, Europe to U.S.A) where people are paid for unveiling their personal consumer preferences.
There is a reason why big corporation like Kraft Heinz, Procter & Gamble are signing re-occurring revenue deals with BIGToken as of 2020!!!
SRAX must see good reasons to spin off BIGToken into a new SEC reporting shell. Maybe they plan on selling this line of business at some point in the future just like they did with the MD business? I think SRAX with this move wants to focus on its core business and let BIGToken go a different course.
I agree!
I think you’re only partially right.
841 millions would be the 11.1% and about 6.7 billions restricted shares should be issued for SRAX
You’re right.
This company has maintained the same share count for years with NO revenue.
https://omny.fm/shows/cumulusla/la-weekly-weekly-podcast-what-happens-to-your-pers
This week, Brian speaks with Data Management Expert and SRAX Inc Founder Chris Miglino explains what companies do with your data, how it's collected and explains how you should be making money from it.
Can’t wait to see this play out in the next couple of weeks.
Great interview with the CEO back in February 2020, a lot about BIGToken. Also a lot about the new privacy protection rules coming into effect in California and later all states and how BIGToken is positioned to capitalize on it.
https://www.networknewswire.com/networknewsaudio/srax-inc-nasdaq-srax-interview-2/
One of the best unfolding OTC stories out there this year.
Haha just the PPP loan ALONE could buy up 73,333% of the FPVD outstanding shares at $0,002. :’)
Q2 transcript is awesome, sounds like Q3 will be their best performing Q ever.
Q3 Sales
In the first six weeks of the third quarter, we've booked over $4 million for just the Sequire platform alone and close to $5 million between Sequire and a BIGtoken. We had anticipated that we would see $3 million in booking for the entire third quarter. So, we actually exceeded that in July alone. So, we're very, very excited about that.
Cost-saving measures
In March, SRAX implemented cost saving measures and eliminated over $3M in annualized expenses. The company has also identified another $600K and is working to implement those savings in the coming month.
Loans and financing
Just prior to the global pandemic, at the end of February we entered into a debt financing agreement with an affiliate of B. Riley. (https://brileyfin.com) ($590M mkt cap) We believe the terms of this transaction were very favorable and put SRAX in a good position as the crisis emerged. The company has also obtained a PPP loan for $1.1M at the beginning of May. (PPP Loan likely to be forgiven)
And then there is the MD business SRAX sold out the majority stake, which yields +$10M payout. Probably the reason why they negotiated a very favorable deal with the affiliate of B. Riley in the first place!
https://go.bigtoken.com/lightning-insights/
The platform’s unique capabilities were recently highlighted during a campaign which the Company carried out for the Kraft Heinz Co. Through the use of SRAX’s BIGtoken tool, Kraft was able to launch a targeted marketing campaign which resulted in a 6.6% return on ad spend (http://ibn.fm/uIyNg). SRAX’s management highlighted the potential of their proprietary marketing solution by contrasting the Kraft campaign to those recently carried out by Walmart and Evite, which delivered flat and negative returns, respectively. Moreover, the company also revealed that the positive returns from the marketing campaign had prompted the client to subsequently follow through with a “really big purchase”.
https://www.qualitystocks.com/srax-inc-nasdaq-srax-set-to-benefit-as-big-data-industry-grows-to-229-4-billion-by-2025/
https://martechseries.com/amp/sales-marketing/programmatic-buying/srax-inc-exclusive-platforms-reaching-maturity-offering-crucial-services-generating-recurring-revenue/
SRAX sounds financially viable through these rough COVID-19 times if you ask me, here are some important tidbits of information from Q2 2020 transcript regarding the FPVD takeover.
we're finding that it's definitely something that is of importance to the market where we think there's a big opportunity for BIGtoken to do something on its own and really be potentially do some kind of strategic positioning and that we're exploring a bunch of things with BIGtoken right now. And I think that'll everybody will learn about some decisions we make about that in the next month and a half to two months
But then as far as the rights go, that would be attributed to the strategic thing that I just mentioned a little bit ago. So from time in the month and a half to two months from now, I think you have a much clearer understanding of what's happening there
What's the status of the SRAX rights expiring on 12/31/2020 and the MD payouts for the $10 million?
So, we still are owed the money, if they sell the business. So, we anticipate that that'll happen on here in the future.
Don’t forget, normally when a company announces a RS it’s because the company needs to adjust the share structure in the interest of this public company surviving debt and being able to raise new money (new debt) and so the cycle continues until the next RS is announced and on and on and on.
Here with FPVD it’s a total different scenario! We have a NASDAQ company spinning out part of its business activities in the OTC shell (SEC Reporting shell too! Big difference) FPVD.
The NASDAQ company entering FPVD has a digital platform where revenues are made on the back of the users of this platform. Like Facebook, the service is free and users are the product because consumer information is distilled from their online activitiy. Simplified in a nutshell.
So this RS announcement is quite different, this is not a RS announced by some OTC company bleeding out of business and in need of credit to survive.
It’s a RS announcement with the sole purpose of acquiring 88,9% ownership in this SEC reporting shell OTC shell.
Day and night difference here. Also, no notes about to mature until spring 2021. If you watched LVL 2 you should have a feeling for the size of the float. Notice how after the morning panic sell we even went up 100% from $0,0016 to $0,0032? What does that tell you? Dollars lined up at $0,002 and soaking up all shares sold. At $0,002 it only takes a little over $1M in Capital to gain 88,9% ownership in this SS, under the assumption the OS is 841M shares.
Oddly enough, after the first 10 minutes with 140M traded the selling is thinning out already a few hours later. Judging by the chart this really is not such a big SS, imagine another week or two of churning, this will pop back up to previous highs I have no doubt about it after watching the whole day today.
Hey at this rate I think SRAX might get their 88,9% in a few weeks. 300M and it's not even 10:30?
doog, this is behaving better than my expectations, I'm not the only one thinking that.
Did I watch too many movies? We had a nice sweet anticlimax just the other day into this morning. I think we might have another climax in the coming weeks.
50M at $0,002. Okay, 700M more to go SRAX?
I will just hold them shares and see it through till 2 November. I see it as a pile of learning moneys, standing the heat and craving a lesson or two in my trading mind. A NASDAQ company spinning off a part of it's business in an OTC shell is a story I will be happy to see through.
By the gross profit the platform yields? Users of the platform yield a certain amount of profit for the company, this is essence is why they are making revenue.
@i_like_bb_stock: post 10117