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No I understand what they have to do to bring to market and right now it's has a $23 billion market cap ($5 x O/S). I find that absolutely stupid.
1,408,291,834 30%
3,286,014,279 70%
4,694,306,113 100%
So, if the deal has to trade for $5 for five day to complete the deal that's a $23 billion dollar market cap.
This has to be reverse split and to much shake out going to happen. I like investment and this is a who's holding the bag play right now. and if you look at Rivian they did their deal at 5.6 time cash (153,000,000 x $78) for 18% of the deal and NAKD $300 mil raise was done 10 time cash for 30% of the deal.
no math works
The next round of CenntroAuto's money will slaughter the present holders of NAKD that's really the problem with me. This deal will have to raise serious money to be in play.
JOHNNIEBG have to admit you're right on the money. NAKD would have to pull off the incredible to make this price work. In the merger agreement page 5 NAKD has to do the following:
"The five-day average trading price for the five consecutive trading days ending on (and inclusive of) the date of the Closing (after giving effect to the consolidation of share capital of NBG completed by NBG Shareholder Matters) will not be less than US$5.00 per NBG ordinary share."
So, a reverse will be required without the fake short squeeze this will be impossible. So, all my share are converted to cash. I will continue to follow it nevertheless.
These steps will be required.
A. $5 listed price.
B. Follow on financing on a major scale (in the billions) will be required to make this seem real and this nickle dime capital raising is to stupid to be playing with this deal right now.
I want to invest not gamble.
PS: I did make money so thank you
me too
understanding At-the-Market-Offerings
We should be done by now, 25% of volume goes typically for the ATM sale. So, I think there was only $30 million to sell, right?
https://www.lexisnexis.com/lexis-practical-guidance/the-journal/b/pa/posts/understanding-at-the-market-offerings
You can thank NAKED their selling 498,587,336 shares. Don't you know whats going on here?
PS the ticker is: NAKD
Maxim, aren’t you done yet with the $300 million offering. There’s been plenty of volume to feed $300 million already.
After the offering, assuming all the shares 498,587,336 is sold at a price of US$0.6017 per share NAKD’s new total share count will be 1,408,291,834 outstanding immediately following this round. So, if my math is right on a 30/70% deal we’re looking at Cenntro having 3,286,014,279, NAKD is at 1,408,291,834 with a grand total of 4,694,306,113 issued and outstanding.
Also, we all know this probably has to be split so it can advance to the next level because the stock has to be above $5 for a few days, correct?
Here is a logical suggestion it the stock shouldn't go there on it own.
23 for 1 works perfectly!
Afterwards not too many shares outstanding that will be in the way of a secondary offering of several billion dollars that will be most likely needed. Plus, it plays off Rivian perfectly for an underwriter who may need a market comparison for the next round.
The offering memorandum has been going on for a while too I see.
PROSPECTUS SUPPLEMENT
(To prospectus dated May 18, 2021)
Plenty of time to raise what $30 million since May 18th 2021
Looking mighty weak boys!!!
Ok, the balance of $300 Mil - $271Mil = $30 Mil+/- since Nov 12th'ish
U two should get a room!
BBANBOB....you should sell insurance options. No RS you keep the premium cash stright up. But, if a RS happens you cover the stock price spead loss due to the RS. And it would only cover the loss if the share price goes negative due to the RS. And with a time expiration too. From now to Dec 31, 2021 I believe that's the $5 requirement.
Seems like easy money for you.
Clearly this ATM selling is not correct, way to aggressive on their math.
The only short is the company selling ATM shares.....Get real. When the company stops selling ATM stock it will have a chance to go up if they're are any buyers left after this POUNDING!
JD & Maxim are the shorter!!! Don't you get it? It's them selling AT THE MARKET SHARES, ATM!!!!!
If anyone know this guy tell him to lay off for a few days. Let RipNDip know too if you now him. His last few days trying to also convince the shareholder seems a overboard pathetic. I like his charting but tell him to stock to that and stop being a company tool.
Those were pumpers from John Fife! The short squeeze was and is all 100% BS.
Let see the short cover? They wont because they don't exist. They are all made up like the tooth fairy and Santa.
THERE IS NO SHORT SQUEEZE!!! IT'S ALL BS TO SUCK NEWBIES IN!
Don't you think the stock would be a lot higher if it was real?
Well, this deal is not them, its NAKD. So, that’s be rational not foolish on values.
They could do that today, just split the stock. If you're talking "without" a split, that would be a market-cap of $28 BILLION. Why do they deserve that type of an evaluation at this stage?
NAKD 30% 1,400,000,000
Cennt 70% 3,234,000,000
Total: 4,634,000,000 x $6 = $27,804,000,000 - Market Cap = WHY???
Does anyone know how much more paper the underwriter
MAXIM GROUP LLC has left?
Once that's done we're good to go to phase 2 - $1+.
I'm my opinion...
That would be for the 300 millionth time, lol.....
Please go on stockwitz for this kind of dumb chatter. We have grownups here making real decisions.
I think Juice-Box Justin want to build himself a holding company like AULT global and he got his dogs lying about short squeezes to get new blood in the deal you, me and others. Notice when the announcement took place he had the $300m already to go? The money in the bank $271m is used for bait.
He's already looking for the next deal I'm sure of it. But, is the EV deal worth a few billion right now, probably. Right now NAKD owns 30% of it. So, we now have 1.4B shares outstanding and the value is this: Our new cash $300m + 30% of the EV and what ever new deal he finds in future. The money is the bank is the bait to suck in a New-Co, then he'll do another raise.
This is how I'm reading his actions.
PS: the EV will most likely be spun-out as an IPO.
All my opinion only guessing.
Good idea.....I think Ault Global will be in on what ever they're peddling!
Yep.....I've bought and sold this multiple times, every time in my favor. I'm back in again and this I might see $1.25 to $2.00 before Juice-Box finds another deal to smash the stock momentum with.
Here’s what we got Boys!
Understanding At-the-Market Offerings –
https://www.lexisnexis.com/lexis-practical-guidance/the-journal/b/pa/posts/understanding-at-the-market-offerings
So, when are they done, anyone care to guess?
Next week it start going up because they be done with the $300m!
When NAKD is done selling $300m of stock it will pop. There's a lot of action here. The only thing that p!ssed me off was the fake short story.
I'll never believe that BS from these guys ever again. But, I think the stock pops off when the offering is filled.
Pig do fly......this pig is flying above .67.
I agree to me this is a holding company that finances deal flow. So, I'm sure will see more deals.
I was on another board and someone said when they're done selling paper the stock should pop because there are so many people who want this stock it's amazing.
I have to agree, it should.
We're his piggy bank and he know it.
You Only Live Once...
Why not!!
I think what your implying is......This type technology is good?? and the stock going to go higher??? It's sorta like a Amazon, Tesla or AOL when they were new back in the 1990's????
If I'm right in my thinking.....and if you know Justin....would you please tell him to STOP SELLING COMPANY STOCK for a few days!!! So, we could make a few bucks along the way to STARDOM!!!!
You'll find plenty on this deal....!
Well you bought some at .91 so no one can blame you. The deal seem ok.
Cost ave down makes sense.
I dumped my share for a gain and looking to add back a few shares now.
But, now that I know what their doing I want cheaper than the currant market price.
Yep split 4-sure 5 day average hum.
So, they'll have 4,200,000,000 issued at .67 right now market cap of 2.8 billion.
A reverse after they pump the deal after the new shares are sold. I think will determine the reverse split number. But, I think a market cap of $4 billion will work. So, a reverse of 16 makes a lot of sense. That would start the deal off at 262,250,000 shares now outstanding at price of $15'ish per share, assuming the price would be a $1 at time of spit and now the stock would qualify for margin-able status with options.
Then, what to do with the new cash and what new deal will they find? I personally think this is turning into a holding company. So, this Cenntro will be spun-out on their own. Because, why do this $300 money raise?
They are....make no mistakes about that. That's how FU'p this has been. company was out telling the dogs to say there was a Large short squeeze going on like 4 billion shares short.....all BS!!!
Now we know what the whole thing was about so the company could blow paper in the market to all the Newbies. So, if you like the battery golf cart cars that's the deal.
Starting your own EV company, seems to be the in thing to do...
Or gamble on one under a $1......PLACE YOUR BETS!!!
So, on the next deal, they'll do the same thing to everyone...a big FAT NOTHING BERGER. All Justin is doing is raising money again....Looks like he want to be a holding company just like AULT.
This isn't a one-company play deal. Justin is using NAKED as a piggy bank too raise money off naive investors. While behind the curtain, have the dogs claim a big short position that will get squeezed to draw in new blood and in the end. Popping this type (30%) cr@p on the public to see it was just a another money raise.
no squeezed.
In my opinion!
Scum....Pure scum if they did that.....
Here's the deal NAKD will get 30% of this new deal after they sell 300,000,000 more shares.
So, 30% of a company doing $5,000,000 in revenue?
New structure:
Naked: 906,000,000
New offering: 300,000,000? Price if $1.00 per share?
Naked 30% 1,300,000,000 shares out 30%
70/30 deal
ConntroAuto 70%: 3,033,333,333 shares
NAKD + new dilution 30%: 1,300,000,000 Shares
100% 4,333,333,333