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I don’t think you are missing anything. Everyone here knows the S1 is a registration for the shares already sold on a previous capital raise. I didn’t read through the S1A on the additional $4.5 million shares. It was an assumption on my end it was a new raise.
Good discussion. Thanks for your perspective. I was hoping this would be a pure mining play. Not sure how to look at it since they started pushing hosting. I’m confused on if they will increase their coin mining or just continue to build out hosting. I would like to get some updates on the mining they are doing and if they have expansion plans for it.
No doubt crazy things can happen and there are some outliers like TNSP. I was just seeing if there was some fundamental reasoning to reach that valuation that I may be missing.
That would be incredible. If I may ask what metrics are you using to get to that kind of valuation?
Mr Bean. Getting close to the end of selling yet?
Looks like we still have a few with really cheap shares willing to sell at any price.
Why would anyone sell below the $4.58 per share offer price on the amended S1?
It looks like they are raising another $20 mil at $4.48. I have been waiting for another stock sale since they have pretty much sold out all of their data center capacity. I assume this will be used for more expansion. I like that.
Seems like some shenanigans to me.
What’s with the big final trades today?
LOL. So true. We shall see soon.
We should be able to put a fork in that now! Next week could get interesting if that is finally it.
Nice! The cost of raising new capital just gets cheaper every day as this share price goes up. A lot more crypto data center hosting growth coming from here.
Been waiting for someone to blow the top off this. Maybe time.
What the heck is going on??!!
Nice to see profitability improving each quarter along with top line growth.
So how can we not have some type of filing by now???
Haha. That is a good one.
That’s $150k in their pockets today. There can’t be much left.
I’ll say. Thought it would battle around $3 for awhile. Went right thru it.
I stand corrected. I thought they only got involved with Ocean transportation in that they forwarded the product after it reached port.
Yeah I’m surprised they aren’t making better margin when you have all these desperate companies looking for supplies. Should be making money hand over fist right now. Hopefully the Q shows an improving profitability.
The product on those ships has nothing to do with UNQL. They are an air freight company. The ship backlog helps them as more companies turn to them to fly their products into the US versus waiting for a cargo ship.
I believe 90 days. So maybe early next year.
It would be nice to get some mining updates. I wonder if they are holding that info until after the S1 is approved to give things a boost.
Well they could follow up the filing with a PR to explain exactly what the plan is instead of leaving the key areas on the S1 blank.
Basically we can expect a nice big fat reverse split to get there.
Speed up the dilution process today. Another week with this volume could clean it up and set us up nicely for the upcoming Q.
So that may be were the extra downward pressure is coming from besides the 3A conversions? That’s possible but I assume they would have had to raise the AS count again to do that. But maybe they have some extra wiggle room. Hopefully they can start paying some of these bills with cash flow soon. Makes you wonder what else needs payment that we don’t know about.
I don’t see where this has anything to do with the convertible debt. Am I missing something?
Two identical t trades today for 548k shares? Or is this an error? Hopefully they were able to dump a million shares today.
Yeah shares have really tightened up lately. Would love to see someone come in and blow the top off while the OS are so low.
My opinion on the legacy shares that open up after S-1 approval is that most will wait until the move to a higher exchange. That will create the the chance of more liquidity with more potential buyers. Otherwise this will crater fast and they will lose 80-90% of their gains in a heartbeat.
If they can’t sign some contracts with these gas prices they might as well give up and sell this shell.
LoL. Looks very similar to today’s t-trade number.
You make a lot of great points. Just a thought on other possibilities here. My conviction comes from the quality of investors they sold the shares to for funding. They don’t appear to be average retail or toxic lenders. So I think the reverse split becomes less likely. They could have a deep pocket investor(s) buy up the entire 7.5 million float to drive the price up for the $4.00 minimum up list price. Since it is such a tiny percentage of the OS shares nobody would have to report it. Possibly that is who the new buyer is??? Didn’t the new buying hit about the same time the OS were updated?
I assume they have spent a lot of money merging all these entities together. Hopefully that will improve margins going forward.
Should be around 45 days.
Those two partners have a lot of shares that I doubt will be selling anytime soon.
Big picture they plan to move to a higher exchange. Management knows what market cap and share price is achievable with their game plan. Just have to trust the process and wait it out.