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Some suggestions for the author
1. Article didn't talk about the two traded tokens that are associated with Medium- MDM and KOK. They respectively have market caps of over $1bn and $300mm.
2. No mention of the financial results already reported by the company (audited by a PCAOB Korean firm). Company is already profitable and is targeting over $30mm in revenue at 40% operating margins for 2022 (that could be low given the estimates were provided some time ago).
Interesting L2 activity
Sizable accumulation going on at $0.09. Curious if the investment they hired is working with big buyers to accumulate in advance of additional news.
One of the other SBC companies had a series of tweets over the weekend
Perhaps we're finally on the cusp of some updates at CHIF. Float remains very thin so any positive news will be magnified.
Twitter link
Not much activity lately. One can only hope a series of announcements are forthcoming.
https://twitter.com/chif_tech
I think the water rights alone justify double our current stock price
Resource scarcity is a theme that will last for some time. The water rights, just on an annualized basis, should deliver $4mm in net income. The appraised value was over $40mm and that appraisal does not reflect current market fundamentals.
Let's look at the revenue projections that the company tweeted a few days ago:
2022: $75.8mm
2023: $454.6mm
2024: $1,156mm
Clearly, the market needs more confidence in the projections otherwise the stock would be trading at $0.50-$1 already. That said, if one applies a 3x multiple to 2024 revenue, that equates to a $3.4bn market cap. That's a $10 stock in the future and if one discounts back at 25%, that's a $6.40 stock currently. Keep in mind, large cap miners with little growth trade at 4-5x revenue and WSRC should grow demonstrably faster.
I've reached out to IR to provide an opinion on what the company needs to do to improve the stock price. If others have ideas, I would suggest doing the same.
All the more reason for a rapid uplist plan
Being a Nasdaq listed company will increase the profile and name recognition to better attract US and Western European customers.
I hope they have plans to list MDM on US exchanges and Binance. That will really help the stock valuation as well.
Thanks for posting. Important to new investors to read that interview.
More news!
Western Sierra Resource Corporation Announces Provisional Patent Filed for MPG Thermal Battery
9:30 am ET November 11, 2021 (Globe Newswire) Print
WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to confirm the November 6, 2021 filing of a provisional patent for the Mystere Power Group (MPG) Thermal Battery.
This simple, low cost, 50-year life thermal-electric Battery is coupled with an integrated steam generator for electrical output. The MPG Thermal Battery and Engine Generator system is the key to the low cost, high thermally efficient conversion of stored heat to electricity and is designed to provide a source of clean, dependable electricity to power rural communities; meet community heating and cooling requirements (HVAC) and establish off-grid temperature-controlled environments.
The MPG Thermal Battery is one of several new technologies being developed by MPG and will position MPG and WSRC to be a major player in the fast-growing green/renewal energy market.
According to Allied Market Research the global renewable energy market was valued at $881.7billion in 2020, and is projected to reach $1,977.6 billion by 2030, growing at a CAGR (compound annual growth rate) of 8.4% from 2021 to 2030.
Email or call their IR team
Blaine Riley – br@intlmonetary.com – (949) 200-4601
Not yet
Hard to believe Silverbear is sitting around and doing nothing. The share structure is too good for them not to take advantage.
Check out L2 and you'll notice slow play accumulation. More indicative of an institution trying to capitalize on impatient retail.
Been five months since the last PR.
I agree, MDM should be compared to Solana
I should have been more clear. My post was a response to the suggestion that YouTube reviews should carry a lot of weight in evaluating KOK. I thought it was more important to judge KOK by the coin's value.
Not sure what reviews you're referring to...
But the KOK coin has traded very well even though it's only traded on a few exchanges (though it is tradable on Bittrex). Started the year at $0.25 and now it's $2.90.
I think the KOK coin's value is really the most important factor to assess when evaluating MTRT stock.
GLTY.
Certainly worth getting his opinion
Keep in mind, the ecosystem isn't fully developed like alternatives. I think a better evaluation would take place in Q1 2022 once all the partnerships have been announced (and hopefully implemented).
All of that at a ZERO enterprise value
Could be considered a negative enterprise value depending on the value of the 51% interest in FFT.
Medium needs to directly issue a PR
Issue an introductory PR to MTRT shareholders to talk about the company and its growth prospects. That's all it will take.
Personally, I think rallying crypto investors is the way to go here. I've sprinkled posts on various forums to spark interest.
MDM is an undervalued token relative to Solana IMO, but most can't purchase it given limited trading on exchanges. If that were to get listed on a US exchange or Binance, it would provide a huge lift.
Thanks
Supports my recollection that about 20% was maintained in internal treasury. That's ~$200mm of value in the coin itself, which by the way, does not trade on US exchanges from what I can tell (nor Binance).
Lots of room for appreciation as the story gets appreciated.
Thanks again for your efforts.
Do you recall how much of the Medium (MDM) tokens the company retained?
I went through several articles on their blog this morning and seem to recall seeing they kept 20% in reserve (ie. under company ownership). I can't seem to find the article that had that information.
Solana tokens have a $62bn market cap
Medium has an opportunity to create a lot of operating value. Shareholders need the company to communicate directly to current and potential shareholders to kickstart the next leg up.
Nice work digging up a lot of very interesting information. Much appreciated.
Suggestions on how to spread the word
Medium has a Telegram channel, but it appears to be only one-way. KOK has a twitter feed, so there's an opportunity to spread the word about MTRT via that channel. I believe Medium is also on Facebook, but I don't use that service.
https://blog.naver.com/mediumblock
When to buy
Someone asked me via DM whether it's better to buy after the R/S. A reasonable question, but one that I think has a straightforward answer.
1. The R/S, if it happens, won't occur until the price is at least $0.20 in my opinion. I know they can effect an uplist at lower price, but that ignores minimum market cap and other considerations. Moreover, the company should want to account for volatility and have a buffer over the minimum listing price. Thus, you will be giving up the opportunity to own a multi-bagger in the interim with very little downside.
2. Unlike most OTCs, IPSI doesn't have to do a R/S to raise capital. They are well funded at this point given raises done when the stock price was over $0.15.
3. The current enterprise value is basically zero if you factor in the ownership of FFT(company that developed the wallet technology) and net cash. It's a highly positively skewed risk/reward at this point.
My guess is we'll start to get announcements after the quarterly financials are filed. As I've previously stated, I want to see partnership announcements like the company referred to in the shareholder update from early October.
To be clear
When I suggested there was pumping, I was referring to near-term price targets. Everyone is entitled to their opinion and can express it. I usually don't criticize posters that go that route. That said, it creates expectations that can be difficult (not necessarily impossible) to fulfill.
Holders will be fine here. There's a lot to look forward to and hopefully Medium will hit the market soon with PRs.
I would agree
I think there was too much "pumping" and irrational expectations setting. That's typical on the OTC. That said, some undeniable positive characteristics remain:
1. Low float
2. Compelling and differentiated blockchain technology that combines software and hardware for performance acceleration.
3. Rapid revenue and operating profit growth.
I would suspect management is putting together an official PR to communicate to investors. That will probably serve as the sustainable spark for shares.
In interim, I wait and accumulate on weakness.
Fair enough
Most "investors" in OTC stocks are short-term scalpers. They don't have the patience to stick around, which is understandable since most OTC companies aren't run for shareholders benefit. Balance sheets are key IMO.
I'm in this one because the balance sheet is strong, the industry backdrop is great and I think the management and advisory team are well above average. I think those buying down here are getting a gift and the stock will easily take out its prior year highs at some point in the next year.
I'd realign my expectations
I don't think revenues are the key metric for the stock near term. It's about expanding the user base and then revenues will follow over time.
In my view, it's much more about partnerships and expanding access at this point. BKKT added 40 pts (at the peak) to its stock price (over $10bn in market value) based on two partnerships. Granted, those deals were with industry behemoths, but that gives you an idea of the importance of partnerships to fintech investors.
I am a little puzzled that the pace of announcements has been so slow after the shareholder meeting. I would have figured they'd have much more to say. I hope the last two months of the year are better.
I agree
I think it will have an MTRT type move once some news is released. Silverbear has been quiet for a long time.
I have to imagine the float is tightly held at this point. I know there were a handful of people that accumulated sizable positions in the Spring and I doubt they've sold much. I've been accumulating and own a good chunk of the float myself.
I bought more today
Interesting trading. It's so thin that it's hard to accumulate stock, but there were some opportunities in the low $3s. It will be interesting to see if they release meaningful news soon.
Some interesting accumulation going on lately
Not sure if we're on the cusp of announcements (finally), but I've been seeing a fair bit (at least on a share basis) of buying lately. It's been disciplined so as not to influence the price, unlike typical retail.
Hopefully we'll get an MTRT type deal soon. The share structure is similar.
Non dilutive funding for the gold business
I will posit that that some of the increase in unrestricted shares could be insiders raising money to fund deposits for the gold business. Management previously stated that personal funds would be used to fund deposits to prevent dilution.
I"m looking forward to seeing what the investment bank has devised in terms of a strategy to increase shareholder value. If you look at their deal list, they have a lot of experience working with companies of this size.
It's a scam
Until proven otherwise. No need to give the benefit of the doubt.
Glad I sold on the recent spike. Figured I'd have ample opportunity to buy if there was proven substance. No evidence of that yet.
Was worth a risk/reward trade in the single digits, but no evidence to support an upside case at this point.
Capital raises
They raised capital along the way (smartly in hindsight) and that blunted the momentum. That's done for now (unless they have a strong need), so it's time to see a return.
The most negativity
Is usually at the bottom. Market truism.
It's really the fear of the aftermath
Most reverse splits are followed by repetitive, dilutive capital raises. Those capital raises are typically to raise money to keep the lights on, not for growth purposes.
I strongly believe that does not apply with IPSI. This company has a strong balance sheet thanks to raises done at much higher prices. The cash burn is small too.
I get the fear, but it's unwarranted in this case based on all available information.
Value of partnerships
To see the value of partnerships in fintech, look at what happened to Bakkt today (BKKT). Company announced partnerships with Mastercard and Fiserv and the stock exploded and will likely increase a lot further from the after hours price. Bakkt has a wallet product as well as other services.
I'm looking for IPSI to integrate with foreign banks and other institutions to better compete in the international remittance market. The current market cap is absurdly low in relation to the market opportunity.
Also keep in mind
I realize most "investors" in OTC land don't care much about valuation, but IPSI is incredibly cheap right now. The enterprise value is probably $1-$2mm now if you factor in some cash burn in Q3. That's despite the release of the app and the payroll system has been in beta testing for several months. They've also got a prepaid card product in the works that being run by a guy with a lot of experience in that area. In short, you're basically paying nothing at this price for a lot of embedded value.
I would add another catalyst might be a strategic investor, presumably from Mexico or another International market, investing in the company. That could be a huge win for all stakeholders.
Now that the shareholder meeting is over, I would expect a wave of announcements to start hitting. They didn't hire the IR firm to sit idly by tweeting industry information.
Link to the shareholder meeting
https://www.virtualmeetingportal.com/ipsipay/2021/HTML1/default.htm
All amendments were approved. I assume someone sold after the R/S was approved. Certainly their prerogative, but that was an opportunity to buy at very attractive prices Friday afternoon, which I did. I expect a strong bounce in the next few days.
Possible catalysts
Fair question to ask what could turn around shares. In the OTC, I've often found deal announcements are the big trigger. M&A, partnerships, big contracts etc. I've seen many companies with mediocre current fundamentals announce a couple of "game changing" acquisitions and the shares get bid up aggressively.
Possible catalysts that I'm looking for:
1. Partnership announcements. CEO Corbett said the following in the shareholder letter from early October:
PARTNERSHIP UPDATES
We are currently in discussions with multiple partners that could lead to the expansion of our remittance distribution capabilities in five of the nine largest international destinations beyond where we have previously announced, excluding China. Partnering with companies that have local expertise, licenses and infrastructure allows us to operate more independently while increasing our service and product set in accordance with local market governance. If successful, these partnerships could have bi-directional remittance rails to Mexico, the Philippines, India, the UK, and the European Union. We are currently submitting an application for an EMI (Electronic Money Institution) license in both the UK and the European Union which, if approved, would take approximately 90 days to process. Our rails to these various countries could, over time, include value-added services, such as VISA debit cards, bill pay, "buy now pay later", micro loans, and cash advances against employment income.
We will continue to look to invest in companies, teams and technologies that empower our core product set from a service, customer acquisition and regulatory standpoint.
2. R/S uncertainty. Let's assume the motion passed. The uncertainty is at least over with and Corbett could explain the rationale behind it. Let's keep in mind that the R/S really only makes sense when the stock is at least trading at $0.15 and even then, the market cap would barely be over $50mm. The Nasdaq and underwriters would typically want to see the market cap on the OTC be well above $100mm to provide some cushion. I'm not saying those are the requirements, just the practical reality. IMO, the share price needs to be at least $0.25-$0.30 for the R/S to make sense. If they have some common sense, they'll realize that the stock probably sells off some after they officially announce an R/S, so the share price should ideally be over $0.40-$0.50.
3. Traction. Wallet downloads, prepaid card customers, payroll customers...data on traction in those areas would help the stock too.
Of all the catalysts, I think partnerships are key. Getting some important financial institutions to open up additional markets would be a big positive. After that, doing some deals to augment their capabilities would also really help the share price. They could structure the deals with convertible preferred to limit dilution and keep the float relatively low.
Their focus should really be on boosting the market cap well above threshold levels.
Absurdly cheap now
I know management has made mistakes on a variety of fronts, particularly its approach to IR, but the current valuation is absurd. The enterprise value (ie. market cap if you subtract out the net debt) is essentially ZERO. That is ridiculous. Moreover, there were institutions effectively buying shares between $0.15-$0.24 earlier in the year. The digital payments market continues to grow rapidly and the company has laid the foundation to participate in that growth. If this company were private, VCs would value easily north of $100mm.
I bought more today. The true value will get recognized at some point and that's at least a 10x return from here.
Actually, UAMM has 1/20th the number of shares outstanding
Market Cap
NSAV: ~$300mm
UAMM: $10mm
UAMM clearly has more upside, but NSAV has actually delivered announcements (whether they have substance, only time will tell). If UAMM delivers anything interesting on the announcement front, the stock could easily rise 5-20x. Now is the time for the company to step. The backdrop is phenomenal for their targeted industry segments.
GLTA.
Fair enough
Still almost 3x where the stock is trading now, but point well taken.
Well said
I've made similar points in the past. Institutional investors won't exercise their warrants until they're substantially in the money. They have to factor in the market impact of selling the converted shares too. I would suggest, like you, that the stock needs to at least be double the current price and likely considerably higher.
I would also add that Corbett's warrants, his primary vehicle to make big money here, convert at $0.24. They also have a cashless exercise option (which he almost certainly would use). As a result, he too should want the stock price to be multiples of the exercise price so he can exercise on a cashless basis.
A wave of announcements is forthcoming IMO
Yesterday's was just the start. The market has also forgotten about the hire to lead their prepaid card effort. That is a really important on-ramp for the unbanked into the digital payments ecosystem. I also like that the story is expanding internationally, which represents a huge market for the unbanked.
Corbett needs to get investors excited about the story and the valuation much higher to seriously contemplate an uplist. He also has institutional investors that bought as high as $0.24 and they are expecting to at least double their money I would imagine.