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841K shares out. What will the ratio of the R/S be? Gotta think the new company is not going to want to start out with o/s that high. A R/S at the right time with the right news can be very positive, since revenue and profit drive share price. I'm sure it's coming, but what the effects will be, not sure.
I appreciate your work here, hot_karl. The merger with the camera company still has me wondering (especially after seeing the documentary The Social Dilemma) "what doth a camera company have to do with a data company"? I'm wondering if the CEO of FPVD may soon have (or already have) a patent for a small, easily camouflaged camera whereby visible data can be added to the plethora of data already being mined/stolen/sold out there? I'm aware that other such cameras already exist, but the "hmmmm" factor is still high on that point.
I think this is the role of FPVD:
"I couldn’t be more excited at the opportunity to pave the way forward as leaders in consumer privacy, data, insights, and media as our industry navigates this rapidly evolving new data economy."
bounced perfectly off my bottom 3M 1d trend line - has done so twice now.
Any of you financial gurus have the stock exchange figured out? Say a gal owns 3M shares of FPVD, how many of the new entity will she own? Asking for her . . .
Per the new tweet (from yesterday's news):
"Subject to certain closing conditions, the definitive share exchange agreement between SRAX and Force Protection Video Equipment Corp (NASDAQ: FPVD) is expected to exchange all of the outstanding equity of BIGtoken for 88.9% of the issued and outstanding shares of FPVD."
This sounds like NO additional shares will be issued. So there definitely is some confusion in the information being released. They need to clear this up.
Looks like about $2.5M + a camera company valuation . . .
https://www.networknewswire.com/srax-inc-nasdaq-srax-moving-bigtoken-to-separate-company-announces-malcolm-casselle-as-ceo/
True, but the wording suggests that some of the unissued may be part of the final closing deal . . . otherwise why add the language?
This line is the concern:
At the Closing Date, the Acquiror Company will have sufficient authorized and unissued Acquiror Company’s Common Stock to consummate the transactions contemplated hereby.
This the statement of concern?
At closing, the Company will receive 100% of the outstanding equity shares of BIGtoken in exchange for the Company’s issuance of such number of shares of its common stock (“Common Stock”) to SRAX which shall equal 88.9% of issued and outstanding shares of Common Stock post-closing
Whence cameth thou by such deduction?
There's the clue as to the reason why a data company wants a camera company's company:
". . . said Stella. “I couldn’t be more excited at the opportunity to pave the way forward as leaders in consumer privacy, data, insights, and media as our industry navigates this rapidly evolving new data economy."
We have one company that collects data in one way and another that collects data in another way. The collection of data from cameras for either law enforcement (e.g. monitoring for sociological purposes) or the general public (e.g. psychological profiling/marketing/research) must have some role to play in the merger. I have no idea what it is, but there must be SOME reason they chose a company that had data collection capabilities of this particular kind. I'm sure others here more familiar with Palantir-type monitoring can expand a bit on this line of reasoning. Will we have people who volunteer to wear cameras all day/night for data collection re: certain activities, perhaps even activities that involve others who may or may not be aware they are being monitored? We are not in Kansas any longer . . . and these kinds of mergers do not happen on a whim. Just poking around in the corners.
Purpose of merger:
To raise the bar on what type of personal data can be captured and sold - you think FPVD has created/agreed to create a device that can be used by those willing to share their personal video data (wearable) live stream or captured/uploaded and sold in package to the highest bidder?
$1.00 before 0.01 - just need the PR that explains what's a' happenin' with the company . . . next.
If you can't see the future here, there are other places to invest. The future here is the world of bio-terrorism and transhumanism run amuck. As more labs experiment with more and more dangerous and man-made virus (syn-bio), the will 'escape' (Galdalf to Frodo in Moria regardng Gollum: ". . . escaped? or was let loose?). We will need companies like PCTL to protect us from these organisms hell-bent on modifying us, even as the genetic-engineers find ways to make the viruses resistant to the products that kill them - and they cycle will go on and on and on and on. We are just getting started in the new world of viral terrorism.
Holding all 11.6M of them until . . .
Dang . . . I missed the dip.
Now that is strange trading: 10k shares every 10 seconds for minutes!
All depends on the nature of the news forthcoming. .01, .05, .10
Y'all talkin' about the police wearing body cams . . . what about the rest of us? How long before the general population starts wearing body cams instead of trying to whip out the H.E.D. (iPhone,etc.) and take video of what is going on? Also, the BC frees up the hands to take care of business as needed. Then, some clothing manufacturer will start building them into different types of garments, and then some designer will start making them look cool, so everyone wants one. Talk about a conversation changer! LOL
Could also be other traders just messing with you - the list of numbers were published so anyone can make a trade with that specific number of shares just to mess with the one who believes the number code. Just a thought.
Unless you are a drunk moron, you gotta love how this stock is holding up. This consolidation and accumulation is setting up one helluva run shortly . . . .even without news. Anticipation (FOMO) is going to kick in on top of that soon, and THEN when we get real news about contracts and partnerships, well . . . who's retiring with me?
It will not take much to pop up above .0080 - holding well where it is. Not sure how high it can run or how long it will run, but today is not the end of the run, of that I am pretty sure.
You know that feeling you've had so many times when a stock you bought soared for a day or two then crashed . . . and you were just sure it was going to keep climbing? You're accustomed to that feeling, right? Don't like it, but you know it well, and, while aggravating, it really does no serious harm.
Well, why not just let your FPVD shares ride for a while and see what happens? The worst that can happen is . . . well, you get that feeling one more time. However, the best that can happen is . . . well, we just don't know yet, do we? It is sort of like Pascal's Wager.
Perspective is important:
Our customers include the federal government and more than twenty-five thousand (25,000) state and local law enforcement agencies.
Maybe they've invented a video that can detect and destroy COVID so Blue can work safely! LOL
It looks like your friendly local MMs are still playing the games they love so well. As you all know, the games will continue until there is a reason for them to stop, e.g. volume buying related to a significant PR. Sustaining momentum in this market is difficult. I'm sure you (like me) have watched dozens of stocks spike and drop (especially COVID related, suggested, hinted, indicated, affiliated, connected, or demonstrated). Will this one defy the odds and run on past .09 to .29 to .59 and 1.09 and beyond?
Well, girls and boyz . . . I'm ready whenever they are . . . give us a reason to shout!
Which ratio do you gals/guys believe points most accurately to the severe undervaluation of AXXA?
Months of the same BS, over and over and over . . . Energy wasted could have settled the century's long dispute in Rwanda . . . what a shame.
Just in case you don't know what is happening here:
The price-to-book (P/B) ratio has been favored by value investors for decades and is widely used by market analysts. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value under 3.0.
The MMs and brokerages are trading back and forth to absorb those diluted shares per the terms of the toxic lender.
How long before .028? I say 40 min
Why not announce a CC today tomm instead of 3 days later??
Just curious how you know that particular trade was dilution?
Just under 500M o/s per last filing. Real company with real income . . . for .02 . . . hmmmmm . . . gotta get some.
Cytodyn has a BIG problem:
It's drug, Leronlimab, works SO much better than anything out there, it will take 100s of billions of dollars out of the coffers of BP. They simply cannot sit by and let that happen without attempting to do every thing they can to discredit it. The heavier the opposition, the nearer we are to approval. Count on it.
They are scared sh*tless!
It really is that simple.
It is like nearing the eye of a hurricane . . . Wind speed increases dramatically as the spiral tightens.
I acknowledged my mistake earlier in this forum
Being duped by a bunch of smooth talking con men with silver tongues who can lull you into believing anything