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Responded back with something of value?
Every response that I've seen from RO has been with a perturbed tone...he seems insulted to have to answer any questions.
Thanks Helter Skelter
For bringing over clowns that elicit a selloff among the weak shareholders...you've done me a great favor to accumulate more stock...and the float gets cut down more.
Sorry to be a pain
Could you post L2 now that we've gone into the 0.60s? Much appreciated.
I agree
Had to get the 10-K filed first before they could do pro forma financials for the combined entity. It's a good sign that things are progressing.
Quick glance of the 10-K
Not much to report IMO. We do know that Intiva is going to fund the operating expenses of the shell and that the former owners of the shell owe Intiva some money. I didn't see anything related to incoming assets.
Good thing they got the 10-K filed on time and can hopefully get the merger documents done soon.
Stock is begging for you to buy more
Might as well average up Komisar..it's a 10 bagger at least from here.
Does anyone have a L2 view on this stock?
Would be curious to see where the volume is coming from and who's selling at what price.
I think the effective float is quite low here. We need a few dominoes to fall for the price to reach its potential, but the path is quite clear.
I tend to agree with you
I marvel at the price differential between Bitcoin and Litecoin. Litecoin trades at 1/69th the value of Bitcoin despite its supply reaching a max of 4x. This is obviously due to Litecoin not being available to trade on some brokers' sites until recently, but I would have expected the gap to narrow considerably. Perhaps it will after Aug 1st.
I think fundamentally, Litecoin's faster transaction processing times should make it very appealing as a method of payment.
The company does a poor job of communicating
They don't communicate the outlook properly from a financial standpoint. I've been critiquing the press releases whenever they come out. I think the lack of a CFO is hurting on that front, but that should hopefully change soon.
The IR guy is fairly responsive so I would send him emails with your questions and concerns. He's told me that a lot of investors are interested in the stock, but they want the lawsuit to be resolved.
It's amusing
$6mm market cap...just on Vietnam and UAE should approach $22.5mm in QUARTERLY revenue..and the revenues are at a very respectable high teens gross margin.
Vietnam deal
That deal alone gets the company to $7.5mm in revenue per quarter. This is the smaller deal too as the buffalo shipment deal to the UAE should generate almost $20mm per quarter in revenue. Hopefully the Standard Chartered credit facility will enable them to at least hit that mark.
I think management understands that they need to step up communication to boost the stock price. After that, they can put in a larger credit facility and raise some equity at a higher valuation.
If only Monaker would settle and move on..they'll still own stock and stand to benefit a lot more from the appreciation of the equity.
Thanks for the link
It's unfortunate that the lawsuit wasn't settled, but at least the business is progressing albeit at a slower pace. It's nice that they got a credit deal done to finance working capital too.
I'm glad that IR listened to my complaints about lack of updates intra-quarter. Hopefully the next update is in regards to a settlement with Monaker.
I didn't see an update
Can you share a link?
Need someone to take down the shares at $0.50
Then the stock will be off to the races.
My point is that..
It's really about market cap and price.
Listing on Nasdaq
There are biotechs that meet none of those standards that get listed. How do they get listed?
I'm just telling you the reality of the situation
I've been in the hedge fund business for almost 20 years (after starting out as an investment banker). Most small cap funds (this would actually be considered micro cap) won't look at a stock unless there's a $50mm market cap. There are some funds that specialize in smaller names, but they tend to be vultures and flippers just looking to participate in offerings where they can get warrants and flip. They aren't the high quality investors that you'd want. It sounds like the guys behind this business are smart and have a plan to make this a several billion dollar business over time. I'm happy to wait and go along for the ride.
If they want to uplift to the Nasdaq
Which is what they'll need to do to raise more equity from institutional investors, they need a minimum of $50mm in market cap (perhaps not technically, but realistically to ensure enough volume and "free" float). I'm sure they know this and are just trying to figure out the best combination of assets to put into a public shell at this point.
It's just a waiting game at this point...perhaps a little frustrating, but the rewards should be very good IMO.
Thanks for all of the info you posted
It was much appreciated. I will continue to accumulate the stock on dips and just wait for the eventual catalyst. It does seem like the principals are thought leaders in this space. I like the industry backdrop as one that can grow at very high rates irrespective of the broader economy.
I think the shell was really the only way to get this listed in the US. It's tough to get a US underwriter to do an offering as there aren't that many legal jurisdictions YET. That will change over time and there will be a frenzy among underwriters to get involved with companies like this. Fortunately, we have an opportunity to get in at essentially the ground floor with a dirt cheap valuation.
The effective float is a lot smaller
How do I know? Well let's just say...
Yes, thanks for the cheap shares
All I can say is, the float is getting locked down. I look forward to the algos scrambling once the merger documents are finalized.
Good day to accumulate stock
Someone was desperate to get out and willing to hit the bid many times. Thanks for the gift!
No one knows
It depends, partly, on how motivated the company is to raise capital. We know they have aspirations to market a cannabis-based drug..that takes money and they seem to want to raise money in the public markets.
If you're nervous or impatient, I'm happy to buy your shares.
Perhaps
It's really dependent on them filing the merger documents. The timing for that is uncertain.
Lawsuit
You're right, the CEO suggested that there was a motion that was scheduled to go before a judge in July. IR wouldn't comment any further other than what was revealed on the last earnings call.
The company has received numerous requests from shareholders to just settle the lawsuit and move on, but the CEO doesn't want to issue stock to Monaker and feels that they have a great case (both to keep the shares cancelled and get slightly over $1mm in cash). I admire his resolve, but obviously I'd like to see this settled so we can move onward.
IR indicated to me that there is a lot of interest in the stock, but as you mentioned, several institutions want to see this move from penny land to at least a few dollars. To really attract institutions, the market cap needs to get above $50mm. If the CEO properly articulates the strategy and opportunity, I think that can happen quickly, but time will tell.
This is a highly positively skewed investment opportunity. I think the low trading volume indicates that the effective float is quite small despite the large share count.
I'm very optimistic
I own a lot of the stock on a share basis. It's tough to buy at this point, so I'm glad I accumulated most of my position a couple of weeks ago. Right now, the market is only assigning an $8mm market cap. It certainly seems that there should be several times that value in assets that can be monetized in this shell. I doubt that Intiva bought the shell just to sit on it. They own over 88% of the stock so they have a high incentive to see the market cap go a lot higher.
They kept a stub (ie. small portion of the stock) in public hands much like an IPO. The float is so tiny that when they release news on the assets going into the shell, we should see a rapid re-rating of the stock.
This is probably the most asymmetrically skewed (in a positive sense) investment opportunity I've seen in a very long time.
keep in perspective
That the shell was only purchased in late June. As a former investment banker I can attest to the fact that it can take time to put together merger documents, particularly when it's complex like this with a company that was previously private. They may be doing an audit of Intiva's financials to ensure accuracy and also putting together valuations of the individual business units.
IR
I've been chatting with IR the past few days. The outstanding lawsuit with Monaker is holding back the progress of the business. That's viewed as being the key domino to fall before they can do the name change and reverse split. The CEO has been in the Middle East and Asia meeting with existing and new customers to move the business forward, so things are good on that front.
I've been buying when it dips below $0.02. I think the stock will rerate quickly to $0.10-$0.20 once the Monaker issue is resolved, but we'll have to wait. After that, the company will probably be able to announce more deals and the stock can work its way to my upside price target of $0.60 or more.
For all the bravado
The shareholder base in this company is awfully weak. Thanks for the cheap shares.
What happened here today?
Don't see any news. Perhaps they're raising some dilutive capital to get the acquisition done?
Thanks for sharing
Float appears locked up. We're all waiting for news on the assets going into the shell. Appreciate any additional information that you can share.
L2 snapshot
Can anyone provide a L2 snapshot? Just curious where things stand.
Thanks in advance.
It can take a while to get the RM filings done.
For example, controlling interest in Dolat was purchased in January and they didn't announce the transaction until April. Intiva's purchase should be more straightforward, but the SEC can take a while to approve filings depending on their complexity.
Let's hope it's sooner rather than later, but just be prepared to have to wait for a bit.
Lock down the float and wait
There will be impatient sellers, but I think the float is getting locked down and there won't be much trading volume. Take advantage of weak sellers like yesterday to accumulate more.
JF said nothing that we didn't already know, but that is what he should do. He doesn't want to get into trouble with FINRA and the SEC. I'm sure they are working on the RM filings and waiting on SEC approval. When it gets approved is anyone's guess, but I'm sure Intiva didn't buy a shell company to just sit on it.
CDEL is Citadel, right?
They're a hedge fund that is now a market maker. Those guys are fleecing weak retail with very low bids. We all have different motivations for selling, but just realize if you are, that CDEL is taking advantage of you. The current market cap is absurdly low and we haven't had the blow off move yet (with the float turning over multiple times).
You getting tempted to buy the stock here?
Can it get much worse?
I'm being facetious...Stover is a scoundrel.
Perhaps we do
But those are buying, not selling opportunities. The market is only assigning a value of $7mm to the company, which we all know is trivial in relation to all of the assets that could be monetized through KDRH.
This may be the most inefficiently priced equity I can find at this point.
Impatient retail holder?
Guess we had an impatient retail holder selling today. Thanks for the cheap shares. There won't be much float to buy once we get additional news on the merger and all of the assets that are going to be included in KDRH.
Silly statement
So you're commending someone for doing nothing? Sign me up for that job please!
They've had many months to put together an investor presentation. The ticker shouldn't matter. We know the ownership structure and he should be keeping investors informed. Instead, he seem perturbed whenever an investor asks him even the most basic questions. Moreover, he has nothing to offer in the form of incremental information. He barely knows all of the facts and offers inconclusive answers to most of the questions that I've seen.
There's a crisis of confidence here. You only solve that through the disclosure of more pertinent information.
Very sad that you would defend RO in this case.
It's not his job to wait
It's his job to communicate...ok, I sounded like Don King, but nevertheless, the IR director should be communicating, not sitting idly by and doing NOTHING.