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Is that 34K showing on 1.20 last EDGX have?
Me too, hope we get real volume and they are not able to block anymore
Both Zacks and Goldman which have price targets of $5 and $4,50 estimated a loss of 0.03. So they beated them by 4 cents!!
Quote from pr:
I am thrilled to announce that the days, weeks, and months ahead will be filled with exciting news.
Next will be July sales, curious to see what Safot Latam will contribite. Then also approval from Zambian government should be around the corner.
Net profitable! Eps 0,01. Excluding stock consulting costs 0,04.
https://www.goldmanresearch.com/202308081380/Opportunity-Research/new-name-new-initiatives-for-sdot.html
Update on previous report.
They expect revs in q2 160M and eps of -0,03. On adjusted base excl stock compasation a eps of 0,03.
With Sadot agreement change eps will come in higher. Hoping for b-e. Revs will probably fall short of estimate.
That b-e is including stock compasation. Without it will be profit.
Really curious where Benziga got that 210M revs from. Not a number you just make up.
That indeed is strange. Did they publish too early? But 213M seems a bit optimistic with montly updates we had. Those would indicate more or less to 170M.
Good to see that 1,17 was taken out eod. With another 550K traded, that warrents should be gone by now.
Hopefully we see the same ah rise tomorrow night as q1, to never look back again.
Next finance round in the .50?
We might even see a net profit in q2 including stock based compensation.
Hold up quite nice eod. Nice volume spike took out 1.18 followed by some profit takers before weekend.
Looks like edgx is not totally gone, but its moving nicely up on the ask.
Looks like edgx is not totally gone, but its moving nicely up on the ask.
I think that 2M shares are gone. There was a quite a decent bid eod at 1.08 of at least 25K. It was not bidwhacked, which would had been the case if they had shares left.
Shortly after the quarterly figures we will see update on July sales, I expect a rise there as well due to adding revs from American routes.
Imaging if they can improve to 5%. Last q thay would have ment 4M extra net pofits .
Good news indeed. Restaurant business still not profitable, so good thing to cut on the business there. And that part is just a fractoin of what Sadot does, so better to relocate investments to Sadot.
Last q did show profit excluding stock compensation. And stock compensation is down from 80 to 40%, so that part will be better. Question is how much % net profit they can make for Sadot business. Lq it was slighty above 3%.
As revs will come in lower (around 160M, excluding restaurant business) I hope % net profit will come in around 4%.
1.8M traded since friday, dont think it will fall below $1 as already big junk of warrents stocks are sold in market. Probally will see more positive news this week.
Of course you have to make your own decision, but getting back in around the 1$ level doest look as a bad deal.
Maybe as we do, company also did not foresee that sp was still on these levels. If that was for example in the higher 1's they just could have raised the money by converting the warrents as planned on $1,38.
As stockprice was kept below the warrent holder demanded a lower converting price. If you read the prospectus the warrent holders in 2021 also bought up close to 7M shares. Maybe they were the ones who kept sp down/let it drop after last q when it opened at 1,60. Since they got the shares they didnt have had that many opportunities to sell those shares as sp was lower. Last 2 weeks it also bounced back from levels just above 1,38.
I always thougt it were short sellers who screwed us, but it looks to me now it are the warrent holders.
$1 should be bottem. Already lot of that 2M absorbed yesterday. Positive side company created 2M+ extra cash flow
That is indeed the question, why needed they all of a sudden 2M cash flow for them for drop the exercise price of warrents to $ 1,00.
They must have done this on purpose, maybe to start the buyback at cheap levels. It doesnt make sense otherwise.
We have to see how this unfolds. In the long end this could be a very nice play, especially if you can buy in now just above a buck.
It feels like they organised this for shorters to cover or for institutions to get in cheap.
The 8M you mention was already known, part of the 14M+ shares Aggia would get. The 2.2M at a lower price of $1 was indeed a pretty shareholder screwing action. Great for shorters to bring it even more down.
Was thinking the same, but unfortanetely did not pull the trigger. Getting pretty frustated about sp.
If they dont hold on, we might see some downward pressure. They can sell now for 25% profit. On the other hand 2M isnt that much and will be absorbed easily.
I did as well to IH Admin. I got an answer they wont change it untill approved by Finra. As is it already trading it should be approved, right?
It might even possible they sell the restaurant business as that became now just a tiny part of the business.
Market makers are in control here, they wont let it fly yet.
They are targeting 5% net profit. Last q came in between 3 and 4%. But with new diversification in routes this and revenues might come in higher in near future.
Anyone dares to give a price targer here. We know 2 analyst giving conservative targets of 4,50 and 5$. But that was before the expansion in American trade routes and huge news yesterday.
I call this a 10$+ stock in due time.
Huge volume just came in with sp spike to 1.42
I think they are still entitled to have the 14+m shares but they will have to add 50% more net income to get them.
Nice pr, Sadot must be pretty confident they will earn much more $ then anticipated to agree modifying the formula by which MMI will issue shares of common stock earned by AGGIA for net income generated through MMI's Sadot division from 80% of net income to 40% of net income.
Muscle Maker, Inc. and AGGIA LLC FZ Amend Services Agreement
7/18/2023
New Agreement to Reduce Expenses Related to Stock Issuance and Enhance Profit Potential
FORT WORTH, TX / ACCESSWIRE / July 18, 2023 / Muscle Maker, Inc. (MMI), the "Company" (Nasdaq:GRIL), today announced it has amended its current Services Agreement with AGGIA LLC FZ. The new addendum, among other features, modifies the formula by which MMI will issue shares of common stock earned by AGGIA for net income generated through MMI's Sadot division from 80% of net income to 40% of net income. The overall intended effect will be to reduce, by 50%, the quarterly non-cash expenses related to stock issuances to AGGIA, streamline the reporting processes and is expected to have a favorable impact the Company's financial performance.
Previous Agreement
Under the service agreement as previously entered, AGGIA earned shares based on the net income generated by Sadot. Specifically, 80% of Sadot's net income is used to calculate the shares earned by AGGIA. AGGIA has the potential to earn up to a total of 14,424,275 shares of MMI common stock, which the new addendum has not impacted. AGGIA has earned 5,568,823 shares through Q1 and has also nominated eight new board members by generating over $9.9 million in net income to date.
New Addendum
Under the new addendum, AGGIA may continue to earn shares using net income generated in Sadot. However, instead of allocating 80% of Sadot's net income for stock issuance, we have modified this allocation to 40%. This change will reduce the quarterly non-cash stock based expense by 50% with the intended result of improving the bottom line results for the company.
Commenting on the new addendum, Muscle Maker CEO Michael Roper, stated, "This addendum reflects AGGIA's continued support and confidence in their performance going forward. We believe this addendum will significantly clarify our financial reporting and improve our quarterly reported net income. While the fundamental terms of the agreement have not changed, i.e., AGGIA has nominated eight new board members, they still have the opportunity to earn up to 14,424,275 shares of stock, etc. The new addendum however is expected to cut our quarterly stock-based expense in half and more than triple the amount of net income from Sadot that will accrue to MMI's bottom line. This is a significant improvement in our reporting processes and efforts to enhance shareholder value."
Finally a better day with more buy volume. Hopefully next Sadot uodate with June sales will be good. Might see report today.
Look at ask nog, over 100K on 1.12. What a joke.