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EXACTLY.....I think that most OTC investors are so used to fraud, they do not see a legit deal when its in front of their noses.
Yeah.....and multi billion dollar companies like Microsoft and Allied Universal are IN ON IT! They were retweeting how GREAT RAD's robot/products are to scheme penny stock investors! Can't believe I fell for such a pump! Said a total friggin moron.
Nice post....
Agree....not much time left to get in cheaply. V Hestheman
Skin care products.....really?
Let's try to be realistic.....according to my charts we may see fluffy puppies sometime next week, but cute kittens may take a few months.
http://securities-law-blog.com/2014/06/24/schedule-13d-13g-filing-requirements-public-company-shareholders/ A shareholder that already owns 5% of the company's stock at the time of an IPO or going public transaction must file a Schedule 13G within 45 days of the IPO or going public transaction.
YOU ARE WRONG! You need to double the profit margin to about 40 percent LOL (most larger automation/robot companies make around a 40-50% profit margin) and I would also say a PE multiple of 40-50 (or more) is very possible with a new company like RAD making deals with multi-billion dollar companies. In other words.....$20-30 per share is totally possible. Awesome post Sky! Lets get this merger done!
I would simply say this.....if the merger is "99.99 percent done"....or a "hair away" as Steve Reinharz has stated on Twitter, I would say there is no reason we shouldn't see the merger finalization PR sometime next week. If we are still here at the end of the month waiting on that .1 fraction of a percent to close, i'd say something is wrong. We need the "merger complete" PR. After that, its smooth sailing.....get ready to be a millionaire.
All reverse mergers are referred to as "acquisitions" on their face for IRS/tax purposes. However, it is never actually the smaller company that is acquiring the larger company. The larger company is the actual acquirer using the smaller company soley as a vehicle to trade. We have all seen OMVSs financials, they are not in a financial position to straightly acquire another company. Also, in past reverse mergers i've seen, never have I seen the CEO of the smaller company or shell facilitator move on to be CEO of the company that was reverse merging into said smaller company/shell. Steve Reinharz has now stated on Twitter he will remain president but would no longer be CEO (Parsons is filling that spot). The 8k first describing the merger told us differently. That is peculiar. I am long here, and have been on this board since way before RAD was ever involved. But this is peculiar. That's all I am saying.
This is what threw me for a loop. It was stated in the filing that Parsons would be retained as OMVS CEO and director within the context of the closing. I have seen this language before. It usually means that the CEO of the smaller company or shell is there only until the transaction is finished....then they are gone. The filing clearly states that Steve Reinharz shall continue to be CEO and director of RAD. However, Steve Reinharz then stated on Twitter that Parsons would be the new CEO while he stayed on as President. Odd. It seems this would have been stated in the filing.
Actually, it is now 99.99% for those that are keeping track of the percentages LOL https://twitter.com/SteveReinharz/status/895637190448787457 No worries here.
Nice posts....lots to look forward to!
Okay....you win. You're above my paygrade. P.S. No, the kids don't have a clue LOL
I disagree.....$1000 per share is totally possible, and I went to Sally Struther's ICS school
Varok.....great to have you here! I remember you from WAY BACK to RB days. I'm glad you're in on this one. GLTY
Excellent first post ever on IHUB. I am going to sell all of my OMVS and invest in Knightscope today...because Knightscope's bots are super advanced at protecting water fountains and running over toddlers......and everybody knows what a threat toddlers can be in shopping plazas LMAO. Get lost.
LOL...LOVE IT! Nice posts...
I do not have a Twitter acct.....but my answer would be OMVS. OMVS not only has enormous potential but it also has a decent share structure. With those factors, it will be a Nasdaq stock. I am in OTTV also as a lotto for 1M shares. It too, has enormous potential and it is looking like it is legit.... but it also has an enormous O/S.
Let me go get my secret decoder ring and see if I can unlock the meaning of this "cryptic" tweet. Ahh yes....here we go. What this tweet really means is that this was the best day in RAD history....and there will be more details to follow. Hope this helps.
Eng....sorry I could not answer your PM. To answer your questions, IHUB is the only stock board I post on. As far as SMP goes, It only makes sense that they would be in an exclusive partnership with RAD. I believe they will be apart of the business, perhaps even as a subsidiary. Heck we could even see a spinoff with shares. Your guess is as good as mine but like I said, SMP will be a part of the fold.
Maybe both.....can't wait until Monday. I believe the merger is done and will be announced. We will be in dollarland soon.
Correct, which makes this reverse merger even better! A reverse merger can take place with either a shell (which most do) or a smaller operating, publically traded company. The publically traded vehicle does not need to be a shell. Also, like Heidi said.....it is all semantics. While on the surface it is actually the larger private company that is acquiring the smaller company or shell in order that they can be a publically traded company, the deal is structured accounting wise identifying the smaller company as the acquirer. Hence why they call it a reverse merger/acquisition. Here's the exciting part, The fact that OMVS is a fully reporting, smaller going concern company (as opposed to being a shell) means that once the merger closes, RAD can apply to uplist to Nasdaq right away if they want to! They will not have to wait for one year. http://securities-law-blog.com/2016/04/26/nasdaq-listing-requirements/ A reverse merger with a shell requires the combined entity to have a seasoning period of one year before applying to Nasdaq. I also believe RAD will meet Nasdaq's revenue requirements. V Hestheman
A reverse merger is also often referred to as a reverse acquisition. They are the same thing. In all reverse mergers the smaller operating company or shell, is referred to as the acquirer for accounting purposes http://www.thetaxadviser.com/issues/2011/jul/clinic-story-01.html that is how they structure the deal, with the smaller company "acquiring" the larger company. With OMVS, there is no "current biz".....it is simply a vehicle RAD is using to go public. When the deal closes, RAD is the publically traded company we all own shares in and OMVS ceases to exist. Hope this helps.
One of our posters on this board stated that the IR said although 8/10 is the date.....that they expect the merger to be done by the end of July. We only have two more trading days left until that time. I think that there is a very good chance we could see the merger announcement come Monday....it would be perfect timing. I think this is the PR most investors are waiting on now that will send PPS upwards.
OTTV looking good today.....maybe we can get a .005 close?
With Steve Reinharz's last tweet, he stated merger was a 99.7% done deal.....I would say it is more like 99.9% now http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=SuCPpO%252fNHQl1Fcrll%252bRaMQ%253d%253d&CorpName=ROBOTIC+ASSISTANCE+DEVICES%2c+INC. just has to be announced. These Nevada SOS filings were posted last night.....which is why I cannot believe we had such a PPS drop this morning. If anything, this should be moving UP. Nevada SOS filing also stated that list of company officers is due 8/31. We usually get an updated list of company officers/directors with a merger. I hope some of you took advantage of that PPS dip....
Great article....
I think someone needs to clarify this Tweet by Steve Reinharz. Maybe he worded this wrong? Was he himself, as CEO stating that Garrett Parsons was going to remain part of the team......or was he saying that Parsons would be CEO? Something isn't quite right here. According to the 8K https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12061680 when this Letter Of Intent was announced, the filing states that Garett Parsons would remain CEO and Director of OMVS within the context of the closing of the transaction, and that no other director would be appointed (within that time of the closing). The 8K states that Steve Reinharz will remain CEO of RAD. I do not have a Twitter acct, so perhaps someone can ask Reinharz about this to clarify. Are there going to be two CEOs? That could be a possibility. This Reinharz tweet threw me a swerve....
LOL, sexy and conservative. Smart to add on dips....get'em now before news hits IMO.
Exactly. 71 miliion O/S is a very respectable share count. OMG, take a look around at all of the stocks trading on this venue that have billions of shares outstanding. We have heard from Computerbux that the IR has stated they do not want the O/S above 100M. Lets take that 100M O/S to give us an example of the potential that is still very much here with OMVS. All we have to do is look at the deal they have with Allied Universal. Taking a page from Uncle Fester's book using a 1/100 ratio.....Allied Universal has 150,000 employees. If Allied ends up utilizing 1 RAD robot per 100 employees (that is a mere 1 percent ratio of bots to humans, it could be several times more) that equals $150M in revenue. Automation/robot companies often attain a profit margin of 40-50 percent. Using 40 percent as a profit margin would give us $60M in profit. $60M profit/100M OS = 0.60 cents EPS (earnings per share). As I have stated before, I use a conservative multiple of 20x for this sector, as I have seen multiples for this sector be as high as 40x or more.....20x is about average and what I use as standard for the industry. That being said 0.60 EPS multiplied by the standard multiple of 20 would equate to $12PPS. That is the potential from this ONE DEAL with Allied ALONE.....not including deals already announced or possible other deals to be (Other utility companes, Microsoft, FEMA). So, why are some freaking out about a 71M O/S (tiny) again?
And in a few days or so, Aerosmith will be singing "Cryin'" especially for you....
I think that with this PR, albeit it wasn't major news.....they are keeping communication open with their shareholders. That is a good thing. I believe they are going to release all BIG NEWS after the confirmation of the reverse merger is PR'd. Think about it. That is the smart thing to do. I think we are going to get that confirmation at any hour. RAD news still being PR'd through OMVS so confident this is a done deal. OMVS=Lifechanging.
Bought 1M shares at .0026 this morning as a lotto......will wait to see how this unfolds. I remember SIRI very well. Sometimes you never know.
Glad to see this post was stickied today. It was excellent work. With this post, no one has any excuses.....all of the DD is spoonfed to them right there in that one sticky. Anyone missing out on OMVS, it is their own fault IMHO.
I don't know....that "other one" Knightscope, has a pretty impressive robot that has the market cornered on water fountain security. Think of how many water fountains there are across the U.S.! I hear Knightscope is installing "doggy paddle" software in 2018. LOL just joking. I'm going to stop giving that company such a hard time now, I promise.
Fantastic.....thanks for putting that all together man, excellent job. Should be a sticky.
Might I recommend a stock that will suit you better......it is called Knightscope. This is how you invest in Knightscope.....toss all of your pennies into the fountain and make a wish. Thanks for stopping by....
Some here believe the actual O/S of OMVS may now be around 60M. Not saying this is a fact, but we can use it as an O/S number as a worse case scenario. I believe that Computerbux stated that the IR said they do not want the O/S above 100M. Which is good news. The company PR'd that they plan to reach 60 reservations by the end of Summer. This would equate to $6M in revenue. Now we must find out what the profit margin is. Actual profit margin for major automation companies are usually 40-50 percent. So, let's say we are making 50 percent profit margin that would give us $3M. $3M/60M O/S = .05 EPS (earnings per share). For this sector we could easily see a conservative multiple of 25X up to 50X due to the fact this is a hot sector and shares here will be in demand. So using the conservative multiple $3M profit X 25 = $1.25 per share to $2.50 per share and this is just by the end of Summer. This does not include further potential deals that are in their pipeline nor does it include the deal with Allied Universal (a $4B company) and possible deals with Microsoft. That could more than quadruple these figures. The sky is the limit here with OMVS. V Hestheman
As far as a "pullback" goes....I wouldn't say it was much of one. It doesn't take a genius to figure out that most stocks that are experiencing a run often close lower on a Friday. Most flippers don't hold into weekends. The risk here is....what if Monday morning comes and the company announces the reverse merger has been finalized? Forget about any pullbacks unless they are at a higher PPS level. I think there is a good chance any day next week of this announcement coming.....