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Looks like exchange ratio is 1:400
Meaning 3 million shares.
Hmmm... this sounds like fantastic news.
So, why is is still below $2?
Explain to me like I buy stocks to generate income? (ELI0)
Sorry, the name that is blocked is
DJ
T
JR.
(It may just be someone used the name on ihub and using @ before the name is what causes it to be deleted.)
Shareholders are last in line.
Debtholders have priority and need to be paid first.
It is just BS that the purchase price is the exact amount of debt they have - leaving shareholders with $0
This was posted to Triller:
(Removed broken link)
Hmmm it seems that the site doesn't allow a certain name to be posted....
https://greatawakening.win/p/17t1W3RIO6/djt-jr-promotes-triller-over-tik/c/
Here is the owner of 55 million shares of AGBA and already has an investment in Triller:
https://www.forbes.com/profile/richard-tsai/?sh=35b4d35b2c46
Given that Fubon Financial already has ownership in Triller, I have little doubt as to the deals legitimacy.
It would be better if he bought shares direct from company.
Buy 10 million shares at $10/share valuation for $100 million total invested.
So, I take it you or your friend works at the IR firm?
Inside information again or outside speculation?
Have you ever had a speculatice stock have its CEO go on TV and the price not get crushed?
This stock needs news of someone making a sizeable investment at $10/share valuation.
This seems important, even though it is from 2022:
https://www.globenewswire.com/news-release/2022/09/29/2525356/0/en/Triller-Inc-Secures-310-Million-Equity-Funding-from-Global-Emerging-Markets-GEM-in-connection-with-Upcoming-Public-Listing.html
Already have someone willing to put in $300 million once Triller goes public.
How does everyone else feel if along with the merger with Triller there is financing at $10/share in the hundreds of millions?
No, if someone bought when it was $1-$1.50 they really should have sold out cost at least.
Now, I am flipping to build.
Buy and sell out cost and rinse and repeat.
I like that the billionaire owns shares in both and has not sold since going public.
But I also know from experience that going all in can lead to disaster.
This pullback seems a little much, but it is presenting a good entry point.
All of this to shake out shares.
Did it work? Yes, it probably did.
You know what would be very positive?
If the Billionaire who owns shares in Triller and AGBA makes a sizeable investment at a valuation like the $10 (or so) per share.
I wouldn't be surprised if something like that was to be announced.
Shorts covered a couple of pops the last couple of days.
Before it collapsed you could see sellers had been cleared out.
The end of day collapse was a short raid.
This has traded very nice and it was easy to take profits and re-enter the last 3 days.
If you didn't sell at any time, you are the one they are targeting and they hope you panic bail.
This news has created plenty of good trades.
You seem to have non public information.
Hopefully your non public information remains positive for those holding shares.
Well, maybe news would not be a good thing at this time.
Still feel like this is ripe for a pullback.
Another $2.30-2.50 pullback in an effort to hit stops.
Would love to be wrong, it is just that too many shares traded the first 3 days and those buyers are still up big.
It may also catch some who bought a little higher, but the purpose is mainly to catch those who bought below $2.50
Other than someone trying to liquidate, I can't see a reason for this pop.
The volume also fell off, so if someone had legitimate news, there would have been more sustained buying
AGBA is Nasdaq listed.
$4 would be nice.
But I feel this spike to $2.60 is some broker doing a forced buyin.
Lets see if $2.50 holds and builds.
I figure today has quite a bit of covering going on.
Probably got a lot of retail who were sitting on a double to sell.
You can see support is coming in.
From chart it has turned.
Obviously right after I post the seller returns.
Waiting to see if a bid at $0.55 builds, otherwise just watching.
Someone is nibbling.
If a bid catches at $0.55 it might have a decent bounce.
Sellers backed off for now. (Seemingly)
Probably not worth the risk, but strange I can't find a reason for the move.
Would think someone would pump it a little if they wanted or had shares to sell.
Sorry, for late response.
Here is the link on otcmarkets:
https://www.otcmarkets.com/filing/html?id=17464857&guid=AuQ-kFpuF-O7dth
Total Liabilities as of March 31, 2024:
392,503
$392,503,000 vs. Purchase price of $392,600,000
The CEO sold more shares.
Maybe they are looking to sell, but with the CEO selling, seems not so likely.
Could you see what caused todays move?
Financing or some short report?
Elsewhere it seems they are going off the last 10-Q reporting from September 2023 where they had $325 million in liabilities.
Of course, that would be far more better for shareholders ....
But from what I read the liabilities have increased and that shareholders are left with nothing.
I did some reading (mainly because of the price increase) and see they have $392.6 million bid.
That sounds fantastic!
The problem is the 8-k report filed today says they had total liabilities of $392.5 million as of March 31, 2024.
Honestly, you do expect that a company buying up the assets of a bankrupt company to get a deal .... but it looks like all debtholders will be made whole while shareholders get $0
That is some BS.
Anyways, perhaps you will see this and let me know what you think.
People should note that Fubon participated in that 2022 funding round.
Fubon is the majority shareholder of AGBA.
I was thinking of selling out my cost and ridinf free shares.
But if the majority shareholder didn't sell since de-SPAC and they also shares in the company merging in, then I may have to readjust my targets.
Billionaire going to want to make a little profit here and they didn't sell from de-spac from $10 to under $1
Starting to think $5+ is reasonable and that the warrant buyers may actually not be screwed.
There wasn't much buying right before the annoucement suggesting a frontload.
But still, if you had indication news was coming in the next day ... would you buy a few?
Hmmmm....
What pointed you towards Triller before the announcement?
Where did this $40 originally come from?
Someone else posted graphic, but you mentioned it before.
Did the company itself say that?
Interest to buyout and insiders selling?
Price action at the end of the day indicates doubts about the deal.
Waiting?
Shieeeeeet, the degens as a group should have demanded a higher percentage of the new corporation.
Yes, let's give a bunch of OTC degens 20% of our company.
This is what every company dreams of doing.
The bigger the company, the bigger percentage should be given to the OTC degens.
If they have assets, giving 20% of the company to a bunch of OTC degenerates is more than generous and borders on insane charity.
Someone smacking that bid.
Yes, the offering at $3.80 is actually quite good given the price was $4.22 before the offering.
It's not often you hear of a small offering for only 10% below the last price on something like this.
Of course the shorts kicked it down but they probably were expecting something below $3.00