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Problem is the newsstand doesnt exist anymore...
That article is 6 years and 5 IOSs behind.
roger roger
or shall I say:
Dwyane Dwyane
They came down from .10
Maybe something will happen soon. Who knows.
I'll try to read the stars tonight for answers. May consult the illuminati.
how is that an opinion?
Thrilling...
Word to the bird I heard while rounding third.
What's up with this law suit that appears that DOLV is the plaintiff in? They are trying to negate some commons or something?
Can someone tell me what is happening here?
I will do my own research if you make me, but a nice summary of why DOLV is headed to the mariana trench would be helpful.
tanks
$D$
It seems Goh isn't the best financial manager (as you mentioned). Neil seems to be focused on the Asian markets and applying the Pixelmags IP to such. Pixelmags IP is necessarily focused on magazines but focused on distribution of content (literally any media format) to any given platform without manually adjusting things for each platform (i.e., a basic template can be sent to Pixel, and it will be automatically formatted for distribution via facebook, twitter, zinio, linkedin, mig, instagram, etc. without the developer spending time to do this).
We will see how the tech converges. I expect Pixel to be revamped, and the Readr app to be casted into oblivion. It's the IP that matters for pixel. Mig provides users and a platform to demonstrate its potential.
We will see how it goes.
MIG has been gagged in the ASX, they will breath fresh air in a US market. Their user numbers are way too high to not yield good things. 30-40 million users (average) is the reason of this acquisition. That's huge.
Keep us updated from down under.
Gooooday m8E
So we have strong reason to believe that Pixelmags can offset the losses of Mig. I believe the two entities combined can be debt free in a short period of time.
This will drive pps.
Thanks for your insight my Dundee friend, it's good to hear from a knowledgeable investor on the Mig side. Welcome aboard the roller coaster of fun.
I mean, we know they aren't cash flow positive in their current situation. They are moving to a different exchange. Their quarterly report isn't going to be that useful. We need to know the share exchange agreement on behalf of Solaris.
All that matters is buying pressure. Currently there is none. Right now there is no manipulation, no walk downs, no artificial bids, none of that. SPCL is simply a low volume ticker at the moment. There is no dumping, and no pumping. All trades executed by MMs are not manipulation. The MM algorithms are doing their job, which is to create a market value when their is no volume and the spread is decently large.
I repeat, THERE IS NO BUYING (or selling) PRESSURE. We will fluctuate +/- 5-15% until something happens.
Just because we aren't running does not mean manipulation. Why would we run right now?
Just because we aren't plummeting does not mean manipulation. Why would we tank right now?
We are stagnant for obvious reasons.
Stop overanalyzing.
No, the illuminati is not involved.
You have to convert the note to commons and incorporate interest. So you need to know both the interest in conversion rates; which I'm not going to calculate at the moment.
Well those clearly aren't the numbers man.
What I said is how fully dilute shares work. Everything is converted to commons. So I'm going to assume the error is on your part.
June 15th is the only date we have.
Company doesn't necessarily have a reputation for adhering to deadlines. I wouldn't be surprised (or frankly, disappointed) to see another major acquisition (Not PKG*, for I do not give more than 3 poops about that company, and is not considered major; though Steven Goh mentioned via Twitter recently that people should print their pictures (Kicksend reference?)) before financials are released.
If ya follow,
$D$
I get motivated when BDing
Hold up. The 11 billion shares includes: (1) Full 2.16 billion Commons, (2) All Series B Preferred Stock converted into Commons, (3) All Series A Preferred Stock converted to Commons (though these shares cannot hit the market, in the May 8k, it explicitly states Series A Preferred cannot be converted into commons; however, Series B Preferred Stock can be converted into Commons), (4) The 6 million dollar convertible note.
From Investopedia: Fully diluted shares are the total number of shares that would be outstanding if all possible sources of conversion, such as convertible bonds and stock options, are exercised.
We do not yet know how the AS will change. The total 9 billion to MIG and company will be in the form of any combination of: notes/warrants, Series A & B Preferred Stock, and Commons.
Common shares will be "diluted" to accompany the value of MIG.
For example, in the worst case scenario, adding MIG only doubles the value of the SPCL (Pixelmags + MIG) while shares get diluted 45%. Then you get a 5% increase in value based on math.
Another example, in a more likely scenario, adding MIG triples the value of the SPCL while shares get diluted 45%. Then you get a 90% increase on math.
NO P/E conversion, none of that. SPCL shed 45% of the companies value for MIG. PR said it right, SPCL roles up undervalued companies.
You can look at the conversion rules for SPCL here:
https://www.sec.gov/Archives/edgar/data/1411730/000149315216010214/ex10-6.htm
The promissory note that Farah is referring to is here:
https://www.sec.gov/Archives/edgar/data/1411730/000149315216010214/ex10-4.htm
I encourage everyone to read the conversion rules. The note, on the other hand, is a bit dense (but still encouraged).
PEW PEW PEW
MIXTAPE COMING IN HOT FEAT NEELIE MCDEELIE!
$D$
Duh. But do you not think the previously listed value of the company plays a role? You would have to be stupid to not take in all the available information.
End of message, obviously, because there isn't anything after this.
I can't tell you what to do.
I personally am holding.
The user base is very high. Neil is killing this cost per customer aquisition. Some companies pay as high as $40 to acquire a user (cough linkedin)
So I came up with a similar PPS. I was using 150 million as the combined value for the two entities.
I'm not sure what the number of common shares are going to be. Those billions of shares issued to MIG are likely going to be in the form of a note/warrant.
but a bottom line pps i think is around .015 cents.
I care more about share structure than market eval. I would guess Neil feels the same way.
I also think the goal is to go the the NASDAQ/AMEX.
AMEX is easier. I think we will see an immediate uplist to OTC QB or QX to make that transition smoother.
SPCL, back to normal. Finz = revs = pennyland
$D$
email:
Thanks Steve
I just want to know that If I invest in Solaris now am I investing I mig
On Apr 27, 2017, at 8:57 PM, Steven Goh <steven.g@mig.me> wrote:
to me:
Subject to shareholder approval than substantially yes ..
no guts no glory
20 billion is not authorized and outsanding. doesnt work like that
So let me clarify what the 20 billion shares means. In that stupid-poop worded press release they converted the entire value of SPCL into share units. They converted notes, series A preferred shares, series B preferred shares, loans, warrants, everything into common shares. Which brings the total volume of shares currently to 11 billion. They are diluting 45% to acquire mig. This should not affect PPS since we are diluting 45% but gaining what is likely more than 50% in value. The 5 billion shares issued to Mig will not be raw commons, it will be a convertible note. The employee option will be in a series B format, which can be converted to commons, but after a time period.
Hope this helps
farah, we should talk about the conversion of the Promissory note, specifically the conversion price. Do you have an estimate for when the conversion date began so that I can speculate on a pps value, it's obviously less than 1 cent.
I've read the note, basically the whole thing. I understand the need to remove it from the books.
Dwyane
Expecting these giant buys to continue tomorrow after the usual morning shake.
there were too many massive buys for there to be no confidence.
.0055+ should cause breakout.
$D$
maybe a 300 million dollar market cap on a much smaller Australian exchange is settling in:
http://money.visualcapitalist.com/all-of-the-worlds-stock-exchanges-by-size/
There is some witchcraft occurring that we feeble minded investors are unable to grasp.
2015/2016 share price multiplied by the number of outstanding shares (which is 316 million)
August 14th, 2015: PPS = 1.28 AUS$ * 316 Million = 404 million AUS$ = roughly 300 million US$
That is on the ASX, smaller exchange, less demand, less tech conscious, etc.
You can't dump off the bid. And It doesn't appear they are slowing the roll. They would want to overcut the ask to do that.
Frankly, seems like someone is buying these shares. But I have no idea who, don't think that is retail. Maybe SPCL is buying shares off the market, maybe a third party involved. idk. But as INSTA said, you can't make up these massive bids.
These bids are insane.
Yeah, look at the chart dude. 316 million shares OS at a pps of 1.25 in 2015, and 1 in 2016. You can't really refute that...
300 million dollar evaluation on the ASX man, that is likely to double under a tech friendly exchange when current with filings. This is the fastest growing platform in Asia. Couple this with the ability to distribute content natively to the app using Pixels algorithms
Obviously this is all my opinion.
Here is my entire conversation with Steven: Everything looks just fine; Read from the bottom up. That's the order of the conversation.
Begin forwarded message:
From: Steven Goh <steven.g@mig.me> Subject: Re: MIG SPCL Merger
Date: April 26, 2017 at 9:50:10 PM CDT To: xxx
hi xxx yes.
i think there's a happy ending for everyone.
out in a change in the financing environment in australia and an accident with a bridge financing, that wiped out our working capital and collapsed our sales and carried our share price down .
our sense is that being part of a company where it can all be funded properly, we may be able to contribute to SPCL's valuation with the full company's value in the future ..
but time will tell. regards
Steve
--
Steven Goh
CEO & Cofounder migme limited (ASX:MIG)
migme: @crazygrape
twitter: @crazygrape
skype: @crazygrape
linkedin: https://sg.linkedin.com/in/stevengoh
Quote:
"Success comes in cans, not in can'ts" - anon
This message is for the named person's use only. It may contain confidential, proprietary orlegally privileged information. No confidentiality or privilege is waived or lost by any mistransmission. If you receive this message in error, please immediately delete it and all copies of it from your system and notify the sender.
On Thu, Apr 27, 2017 at 10:32 AM, xxxx wrote: Great thanks!
migme's valuation was around USD$300m last year and we got caught
The SPCL share setup is just kind of in the dark right now because of delinquency, which I understand is being addressed as we speak. I assume their notes won’t be converted for some time.
I would imagine there will be some sort of reverse split? Do you have any insight on that. Previously it was outlined to be 1/100 to get to a 4 dollar minimum for the NASDAQ, and I see that these two companies together, once cashflow positive belong in that rank. Is NASDAQ or AMEX still the goal?
Sorry for all the questions, but this acquisition just really caught my attention.
xxxx
On Apr 26, 2017, at 9:23 PM, Steven Goh <steven.g@mig.me> wrote:
thanks xxx
most of it is through a set of convertible notes on their side, that they have to convert as well.
the best guide to their share price is IMHO through marketwatch which seems to get at least their public float numbers right .
we're excited . reality is that in australia a small shift back to mining and we've been in cascading failure most of last year . no capital, can't do sales . can't do sales and you can see that hit our results . opening the door to usa capital markets means the company has oxygen again and can function .
steve
--
Steven Goh
CEO & Cofounder migme limited (ASX:MIG)
migme: @crazygrape
twitter: @crazygrape
skype: @crazygrape
linkedin: https://sg.linkedin.com/in/stevengoh
Quote:
"Success comes in cans, not in can'ts" - anon
This message is for the named person's use only. It may contain confidential, proprietary orlegally privileged information. No confidentiality or privilege is waived or lost by any mistransmission. If you receive this message in error, please immediately delete it and all copies of it from your system and notify the sender.
On Thu, Apr 27, 2017 at 10:20 AM, xxxx wrote: Steven
Do you happen to know if the 11 billion is already issued or just authorized.
This is quite an exciting merger! US markets should love the blend of Mig and Pixel intellectual property!
Thanks
xxx
On Apr 26, 2017, at 8:12 PM, Steven Goh <steven.g@mig.me> wrote: hi xxx
thanks for the email.
we did diligence the company and yes, they do have a cap structure with an effective 11bn or so shares on issue. we're working with them as well to get all the filings up to date.
post the transaction, we are looking at a possible share consolidation and improving the listing of the company. steve
--
Steven Goh
CEO & Cofounder migme limited (ASX:MIG)
migme: @crazygrape
twitter: @crazygrape
skype: @crazygrape
linkedin: https://sg.linkedin.com/in/stevengoh
Quote:
"Success comes in cans, not in can'ts" - anon
This message is for the named person's use only. It may contain confidential, proprietary orlegally privileged information. No confidentiality or privilege is waived or lost by any mistransmission. If you receive this message in error, please immediately delete it and all copies of it from your system and notify the sender.
On Thu, Apr 27, 2017 at 4:56 AM, xxxx wrote: Hi:
In Mig’s recent ASX release it is stated that Solaris is to acquire 100% of the issued capital of Project Goth, Inc. including all the Company’s intellectual property, in consideration for the issue of 5,081,210,431 Solaris shares and, Solaris will issue a further 4,064,968,345 shares for an Employee Share Options Scheme.
The release also says, Solaris’s fully diluted issued capital is currently 11,178,662,949 shares and Following the transaction, migme’s key employees and associates may be issued up to 20% of the of the fully-diluted issued capital in Solaris through the ESOP and migme Limited and the convertible note holder(s) will have 25% of the Solaris fully diluted capital.
So are we looking at about 20 billion shares. Also the May 8k says their are 2.17 billion authorized and 1.8 billion outstanding. How did we get to 11 billion? Are these numbers even correct. The press release is just a little scatter- brained so I’m just looking for some clarification.
Any insight would be appreciated. Thanks,
xxx
That's just not true.
$D$
Anybody selling tomorrow would be doing so off incomplete information. Not wise. Prob best to wait for an update.
a 1 to 100 split would still be fine. I would like that. Just dont want an increase
MATH!! This should convince that 20 billion is the number.
4,064,968,345/ (5,081,210,431 + 4,064,968,345 + 11,178,662,949) = 20% on the dot as indicated for employees in mig update
5,081,210,431/(5,081,210,431 + 4,064,968,345 + 11,178,662,949) = 24.9999% as indicated for note holders to own.
We are going from 11 billion to 20. Pretty sure about it.