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Hey, if they can't find investors, you can also add Yorkville Advisors on to list of red flags on companies you trade.
The cheque hasn't hit my account.
Neither has a cheque cleared into AGBA accounts from any investor willing to buy into the $10.75 valuation.
Yorkville Advisors is named on the latest 8-k.
Maybe you need to do a little reading up on them.
If they can't find anyone gullible enough after they refuse to invest their own money at $10.75 valuation, guess who they will work with?
My attitude switches when they find an investor willing to invest at $10.75 or even $1.75
Better than convincing others to hold while they take $0.25 profits?
I am not trying to create anxiety.
I want the financing to come in and then we should have some stability.
Ideally it should be at $10.75 (their stated valuation) but even if it is at $1.75 it would show that their is belief and willingness to put money on the line.
What do you consider a company that provides $10.75 valuation but can not find anyone willing to invest at that price?
Liars? Thieves?
What about those who believe that valuation when no one invests at that price?
Moron? Greek God (but really said sarcastically)?
Regardless, my view is that the company needs to demonstrate that $10.75 valuation isn't just a cheap fiction book.
I know I sound like a broken record, but an announcement of that sort would show confidence and I am sure others would take notice.
@MRc2 has been quiet, so unsure whether the game is done or this is just the first period intermission.
Less amusing than the stock price though.
If they invest their own money at $10.75 valuation maybe the market would find this stock less amusing and give it a proper price.
@MRc2
Is news coming today or tomorrow?
I want to change my tune a little.
This deal with Yorkville seems to just be a carry on from before the deal.
They are attached to the deal for now as they were attached to Triller before the merger with AGBA.
It is more of a formality.
Therefore it is still possible for a financing at the company's $10.75 valuation is still possible.
With the recent talks of the ban and that Richard Tsai still owns his shares here, I still have some hope that Richard Tsai could make a sizeable investment at the $10.75 valuation.
Such a deal would provide a stable base. Heck, even an investment at $3 would provide a stable base.
Nah, just find it suspect that they themselves throw out $10.75 valuation and they found a grand total of 0 people willing to invest at that price.
You post the same thing about the deal 5 times a day.
Are you a parrot?
Do you want an echo chamber with the greek god just posting the same thing repeatedly?
I found out they were involved with DWAC (DJT).
So maybe we aren't 10th level dead yet.
https://www.forbes.com/sites/nathanvardi/2012/10/17/sec-charges-formerly-1-billion-yorkville-advisors-hedge-fund-with-fraud-and-bogus-valuations/?sh=2b6d7c9d43a1
SEC Charges Formerly $1 Billion Yorkville Advisors Hedge Fund With Fraud and Bogus Valuations
Sounds a lot like $10.75 valuation here.
Tell me how many deals Yorkville has been apart of that worked well for shareholders who held before they got involved?
Let me know if you can find 5.
Been around since the 90s, surely you can find 5.
Ridiculous.
The company presented the $10.75 valuation and yet no one wants to invest at that valuation.
What about $0.01 enterprise valuation, would they themselves invest at that price?
Don't present the $10.75 valuation if no one is willing to invest at that point.
The company clearly said this deal is valued at $10.75 and could not find anyone willing to put in any money.
Not even Richard Tsai who owns a large percentage of AGBA and is already an investor in Triller.
Disgusting.
The company presented the $10.75 per share valuation and can't get anyone to invest at that price.... not even the majority holder in AGBA itself.
Seems kind of important?
Why couldn't they get someone to provide financing at $10.75 valuation?
They claimed that as the value of the company and yet refused to put their own money in at that valuatuon.
(So far.)
You never heard of them before?
We can only hope that they don't violate shareholders on a continual basis.
Regardless, it is financing.
Lets hope people just see the $500 million and assume it is done at $10 or even $1,000,000 per share.
You musn't be afraid to dream a little bigger.
Yorkville Advisors to be utilized to provide financing as per 8-k.
Yorkville Advisors was also utilized by DWAC (now ticker DJT).
Interesting point is that the amount here at AGBA is far greater $500 million vs. $100 million.
I wonder how much has already been raised in conjunction with this offering.
Did you see the 8-k this afternoon?
Yorkville Advisors can apparently sell up to $500 million in shares.
I guess it's a necessary thing, I was just hoping for someone to invest straight into the company at $10 or whatever valuation.
The agreement was in place from April 25, 2024.
I guess we now know why the stock traded as it did yesterday.
Spiking after hours.
Is that rumour about a fairly famous individual gaining steam?
Its the best approach, some rumours touted some big name.
Without confirmation, its fluff.
The claim is news today, so shouldn't be long before confirmation.
Dont worry news after hours according to those with connections.
Maybe someone will reveal to the world that they invested at $10 valuation.
If that doesn't happen, then we just continue mindlessly.
Financing, no matter the valuation will provide stability and perhaps upward movement in the stock.
Dont you wish that you had the news before others?
The guy I tagged knew about the deal at least the day before it was announced.
Damn, so obviously the IR is talking to people.
Frontloading now on on the Nasdaq instead of OTC.
@MRc2 what is the news?
If it is not financing, I can tell you the market does not care.
Unlike yesterday someone is fighting back against the short smothering.
It is what it is, would have been better if it happened yesterday above $3.50
Need financing at $10.80 to be true no brainer.
Price action says this is the case.
Show us $10.80 financing and $3-7 is gone.
Need to put up at least $100 million cash at $10.80 valuation to make it real.
Otherwise it's a meaningless number.
Show us that someone believes that price by investing a sizeable amount at that price.
Need that financing at $10 to happen.
I guess just seeing the volume spikes beforehand and the move to $4 yesterday just makes me hopeful that perhaps something bigger may happen.
Given how some of the tech names have moved in the past, it seems like a reasonable possibility.
I am sure that a couple of well to do billionaires could see the opportunity.
You don't think someone sees Tiktok valuation over $150 billion (maybe even $200 billion) and don't see the possibility here at a fraction?
Maybe I just want to believe something could happen here.
But the volume spikes tell me someone was buying. Maybe they just bought for the move over $3, but that seems a little shortsighted.
Regardless, we shall see if the volume spikes continue today.
Everyone who owns warrants cries if no such financing is going to happen.
I think its possible Richard Tsai or some other investor would do it.
Buy in the market below $4 and then participate in financing giving them a halfway decent price.
I think they would realize the potential behind doing it.
Perfect plat would be announcing $10 financing tomorrow.
It would fry any of the shorts who are still holding.
I don't know, I feel until that happens, we will just have a repeat of today.
Maybe we could get someone with reasonably deep pockets saying they made a substantial buyin and want to participate in said financing.
Financing at $10 (or whatever price) is the only thing that will provide stability.
Before today there was 2.75 million shares held short (on loan).
They capped the stock at $3 before today so it seems like they are trying their best to cover under $3
Announcement of financing will indicate confidence in valuation and should help to create a floor.
So, is there any news coming this afternoon?
Lol.
Tell your handlers financing at $10 is needed.
You can say valuation is anything.
Buying shares (and providing cash to the firm) would solidify the valuation.
Disappointed that no support was found from $4 down to $3
However, I believe shorts are stuck and that they are the reason the floor kept falling.
$10 financing will bring about a stabilization and support.
Until that time, shorts will be able to hit the bid and collapse the price.
Where is that guy who knows news 2 hours before release? Please tell us when that news is coming.
We need news of financing done at $10 to get that high.
If Richard Tsai or him along with other investors announce that, we fly.