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word just getting out. More filings to follow soon IMO
.20 by Friday not out of the question
First there is a lock up clause so there will be no dilution or selling.
Second they have to do the reverse to properly capitalize the Spectrum side
So I respectfully dis agree with your thoughts on most of what you wrote
The company reversing in is the real deal with a massively growing market to sell into. They also have a world class partnership with Cree.
Sales growth year on year for the company is large. We will see it as more filings come out.
This share structure is going to be very very thin now and even more so post reverse
Read schedule 1.05 and 1.05A very carefully at the bottom. DD the players. Understand the transaction this is a rare one on the OTC. They did this the right way for a change
Going off memory here and have not read the whole 8K but the new owners will be locked up
The min price post reverse as I recall is .40. The float will be very small for a 20 million dollar company with CREE partnerships. This will be tightly held and will run into the dollars as this deal progresses after closing IMO
LOCK-UP AGREEMENT
Ladies and Gentlemen:
The undersigned is the owner of membership units (the “Units”) of Spectrum King, LLC, a Delaware limited liability company (“Spectrum”), pursuant to which, among other things, the Units held by undersigned are to be converted into the right to receive shares of the common stock of Banjo & Matilda, Inc. (“Banjo”), effective upon the date (the “Closing Date”) of the exchange in accordance with the terms and conditions of the Exchange Agreement dated as of March 19, 2018, among Spectrum, Banjo and the members of Spectrum.
In order to induce Banjo to complete the transactions that are described in the Exchange Agreement, the undersigned hereby agrees that, during the period beginning on the Closing Date and ending nine (9) months from the Closing Date (the “Lock-Up Period”), the undersigned will not sell, assign, pledge or otherwise transfer any shares of Banjo common stock that the undersigned beneficially owns, consisting of (i) all shares of Banjo common stock issued pursuant to the Exchange Agreement and issuable upon exercise of options and warrants assumed by Banjo pursuant to the Exchange (the “Exchange Shares”), (ii) all shares of Banjo common stock that the undersigned may receive as a stock dividend or other distribution on the Exchange Shares of Banjo common stock, and (iii) all other securities of Banjo that the undersigned may receive in a recapitalization or similar transaction in respect of the Exchange Shares (collectively, the “Lock-up Shares”), and the undersigned agrees not to take any of the preceding actions, without Banjo’s prior written consent. In addition, the undersigned agrees that, during the Lock-Up Period, the undersigned will not engage in (i) any short sale of the Lock-up Shares, (ii) any hedging transaction regarding the Lock-up Shares, or (ii) any grant of a put or call option regarding the Lock-up Shares.
Notwithstanding the foregoing, the undersigned may transfer (i) all or any portion of the Lock-Up Shares as a bona fide gift or gifts, provided that the donee or donees thereof agree to be bound by the restrictions set forth herein, and (ii) all or any portion of the Lock-up Shares to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust agrees to be bound by the restrictions set forth herein, and provided further than any such transfer shall not involve a disposition for value.
This will go to .43
looks like good news, anyone with a link to the 8K
This could run hard once news is out
last time I emailed with him it was still on the table. He would pursue it when and or if it was needed
Sidney is great. He is honest and he is a grinder. If this was going to tank it would but Sidney does not sell into the market. I agree things are going to get interesting. You pretty much have to buy and hold. Its a rare mentality on the OTC but if you can do it this stock and company has unlimited potential
Has Rossi said when Q4 filing will be out?
.05-.07 Friday. Market is begging for a legit runner. Put 20 million trading day on this Friday and watch out. Q4 earning not far off will show exponential growth. They type that will make this run hundreds of percents before correcting. Everyone will be on this Friday. It’s not sexy but it’s a money maker
I agree they have lots of irons in the fire right now
I am here. We had a big change at work and I have been putting in 55-65 hour weeks. I am keeping track of the developments as they transition the stage of the company. I know we all want immediate gratification but they have a great product they just need the right partner. The market is trending this way based on Glooko so things are moving in right direction I believe. Just takes time but glad the SP is stable and Sidney has not balked on his strategy. He is very true to his word with everything he has put out
I have been working crazy hours since the end of Q4. When I saw the Glooko article yesterday I just thought there is a very limited field of players in big Pharma so it makes sense. I did ask Sindney this morning and he said ALR is a phone app as well and I asked what the difference was between ALR and Glooko. Below is what Sidney said.
“We have population management which I do not think they do. We also have Predictive A1c. Last but not least we are based on professional managing the data and they are based on patient self management.”
As for the partnership that is just my opinion on a market driven possibility based on that Glooko news article yesterday I saw. I know that ALR is exploring lots of different avenues as someone else has laid out in a sticky. I think like any new product they have moved from a concept and development phase and are in early stages of market and sales whatever form that may take
A possible path to market for ALR Tech
News from Glooko. Most apps are not FDA cleared but Glooko is. I think this potential partnership has the potential to really move the needle for a ALR Tech partnership with one or more of the other major players in the Diabetes market.
https://www.cnbc.com/2018/02/14/fda-approves-insulin-dose-calculator-thats-connected-to-a-smartphone-app.html
A partnership between Glooko and Novo Nordisk per this news may prompt Sanofi and Eli Lilly to look for an FDA cleared Insulin Dosing App as well.
ALR Tech is the only other integrated insulin dosing FDA cleared App that is available. Sanofi and Eli Lilly will have to give serious consideration to work with ALR Tech to meet the Novo Nordisk offering IMO. These are the major players and this is the way the market is heading. I would speculate that a partnership or buy out would be a possibility.
This is going to have a monster day tommorow. Just got word from my source
Well Nuvus has a merge in but to who?
This becomes a different game all together if Nuvus is merging in. If so what are the terms
Nuvus merging with who?
and you know this how for sure? Seem to have a lot of conviction this is going to happen
I said this two weeks ago and it was crickets. HTC owns CBRI. They also may just spin that portion back into the clean shell and not all of HTC
SLDC very interesting trading last 3 days. Something is brewing
Looking for .045 Thursday. No reason just the start here something is up with this trading
No I am out. That 13G is horrid. Only reason they will release news now would be to dump into IMO. Company has potential not sure why with the revenue gains they would dilute with that filing. If you are holding good luck but have seen this to many times
That 13-G is going to be the biggest negative. I am out. Going to be way to much dilution with that. Every PR is going to get dumped into IMO
Extremely Oversold. This is going to bounce right back to .50 plus with this O/S and float. Watch and learn fella's
I sent two as well no response on either. I will take that as a good sign.
Whitespace Data Security Technologies
Off the website. So lets look at what this is. This company is going to be very cutting edge and progressive on a lot of fronts. This is much bigger than I first thought
https://www.techrepublic.com/article/white-space-the-next-internet-disruption-10-things-to-know/
http://whatis.techtarget.com/definition/white-space
https://economictimes.indiatimes.com/tech/internet/security-agencies-red-flag-microsofts-white-space-technology-for-rural-internet/articleshow/60947121.cms
https://www.forbes.com/sites/gilpress/2017/10/17/top-10-hot-data-security-and-privacy-technologies/#3e250a496b3f
I am absolutely with you and ask the same questions. It will be reflected in the share price with a steady climb now. This will be a news driven stock to get eyes on it but then it should stand on it's own as people understand the growth curve they are in with revenues. So many stock do not make one penny at this level with bigger share structures and trade higher
People have totally missed the bus on this on this one to date but I don't think fro long starting Tuesday
Nice Find TrueNorth. Excellent DD
I agree. I told Sidney that when the first filing came out. Everyone wants a overnight home-run. It is clear how this moves that with the right news that will happen. I know they are working hard to get this product going but this is not exactly a pet rock you can just throw out there. The pieces are going to have to fall into place first
EY _ I am here I just don't have PM.
As for the PP placement I believe Sidney saw that as a opportunity to seek while the price has been stable. He was pretty clear that he would not use a PP unless it was needed. It would appear to this point that it is not needed.
There is one more filing to go to get the stop sign removed. No reason to believe at this point that the deadline will not be met.
The Elephant in the room is the potential for a R/S that is in the filing. They can not execute that until they are current. It is possible they will file to remove it as well. I don't have a good answer for anyone on this other than it is not etched in stone. The cost of carrying a big O/S was the reason for the reverse per Sidney. This was all way before approval and a lot has changed since then. As Sidney says it does not change the underlying value of the stock. With that said we know there is no dilution now so there is no reason to think there would be any after if that did happen. The problem for all of us here is the perception and the market will probably not react well to it if they do execute one.
So we have the final filing and the potential of a reverse to deal with. I have made my feelings about this known but I always tell the truth as I see it so not going to hide this. I encourage everyone to read the filings
I am a big supporter of this company since I found it. I think they have a legit chance to do something in the diabetes market that could be game changing for a lot of people
So we have the following in play as I see it:
Next filing to get current in January. Have to look up that commit date
Reverse clarification before or after filing
88M public float currently
No dilution or change in S/S
Balance of stock closely held by insiders
Sidney is financing the company currently
Do we have a Potential Partner?
Do we have Potential Financing for growth?
Do we have a Potential Merger?
Sometimes the unknown make stocks move the most.
For me personally I like this CEO. I like the direction the laws are changing to allow for mass adoption of this especially in the states. I like that the product crosses boundaries and has multiple different revenue possibilities built in. I like that it is a global product.
I am just waiting to see what happens like everyone else
I am in, super low float put eyes on this and it goes to .50 easy
Data443 Risk Mitigation, Inc. was formed December 2017 to identify whitespace existing in the security offerings of competitors and fill those gaps with self-developed and/or acquired technologies to offer to the market. To that end, the company has a growing R&D team and an active acquisitions and financing team - both of which act quickly on targeting opportunities (both customer & acquisition candidates) to quickly bring to market. Primary focus is on current and next generation cyber security product offerings - for cloud and on premise consumption
I am surprised nobody here has pacer and has looked at the final doc's yet. I would do it but I think it takes a bit to get approved on Pacer
Looking very strong. Jason has this moving very quickly looking at the filings yesterday. I think we are going to see a steady flow of information in January per his email to me.
Who is BB
Agree Stefa. So thin with 81m outstanding. Clearly shares are safe by the Q dropping. HTC owns CBRI which means they own this ticker. Anyone know if HTC is private? Hmmmm
Last chance dip pre 7:00 AM. They let it go after this
No shares available. Trying to keep it orderly while
They cover the short. People will have to hit the ask at this level