Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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
Twice is nice.... (double post)
After hours and early morning trading suggests that some short is banking on an offering.
Long term holders who wanted out likely sold out on the pop yesterday.
This is potentially a stock in a hot sector, but there wasn't much of a front load.
The shake out from $5 to $3s was needed such that a load could happen.
Even a dip today doesn't take away the possibility of a nice pop in the next few sessions.
Hot sector and lack of frontloading is what those who are watching should be cognizant of.
Nice consolidation.
Let's see if it can build a base and break high of the day.
Floats turned 5 times.
Looks like someone has popped up to sell a bunch of shares after this nearly broke $3.50
Would have been fun to see what would have happened to the warrants if this crossed $5 before the crush down.
I guess it could still happen.
Would love to see it.
I am guessing the $10k will be used to pursue a settlement with Tilton and related parties.
Interest in all that has quieted down but that is all that makes this interesting down here.
Trust is gone for now.
Some bought up to 0.0038
Wait, so Yorkville Advisors are good guys now?
Nice new appointment.
https://www.nutritioncapital.com/principals-and-selection-committee/debbie-wildrick/
Nutrition Capital Network
Menu
PRINCIPALS & SELECTION COMMITTEE
Selection Committee Member
Debbie Wildrick
Debbie is Chief Strategy Officer of MetaBrand and a sales, marketing, and operations executive and channel strategy specialist in the consumer packaged goods industry with 30+ years’ experience. She has had leadership roles at Fortune 500 companies including 7-Eleven Inc. and Tropicana North America (Pepsico). Her experience includes building start-up brands including as CEO of BAZI® Inc., a public company, FRS Healthy Energy and Sundance Juice Sparklers, a brand she helped grow to $100 million.
Maybe.
But if you were successful, what are you doing down here?
No change in share structure the last 2 days.
This is overhang.
Could see a nice bounce and back over high if there is enough interest in $50+ million judgement.
Update from Transfer Agent indicates no change in share structure over last 2 trading days.
Support showing up at $.0018 like I said yesterday.
You may be right but you also sold 9s so obviously you want that price.
Please.
When you post outlandish things like this it makes people not interested.
Let's see it break and hold $0.005.before we even coma dream of $0.25
Given that you admitted to selling at $0.0009, you may be biased....
Of course it is not a merger.
What he is saying is that Tilton owes him for the settlement and his only assets are NSAV and CHIF.
He would utilize the HMLA shell because of the low float and clean shell.
The market cap of NSAV is approximately $13 million and even after today's pop, HMLA is only $700,000
For HMLA to have the same market cap, the price would need to increase 20 times from where it is now.
Not saying I agree with it, just saying what is implied.
Unless Tilton has $57 million in cash, the only assets he may have of value is NSAV and CHIF.
Not much overhang so far.
Might be interesting if interested parties have been loading high $0.002s and now $0.003s
Been waiting for the overhang to hit before getting in myself.
Volume stopped anyone looking to get in is waiting on the sidelines.
Ask seems endless.
Buyers not moving up for now.
Let's see how much overhang falls out on a dip.
Holds $0.0018 and it may be good.