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.
I'm getting myself in hot water here (edit)
There are other factors in play here. Let's imagine Bjarne agreed to this newsletter hypothetically speaking. You'd be constantly exposing the CEO to legal entanglement in anything and everything he says in this newsletter.
Therefore not only does he regularly run the risk of exposing company secrets or intellectual property. But an investor could sue him in breach of (insert your situation). So there is a very thin line he must trapeze every week and also you're taking him away from his main focus which is to build the company. You'll notice he used the word onerous when he described the difficulties of satisfying NYSE . The newsletter itself could easily become quite onerous as well. There are simply some weeks when there is nothing to say there's nothing to report and that could expose other investors. It could bore investors instead of keeping them interested as well.
Most crucially you're probably forcing him (hypothetically) into using a lawyer for every newsletter to make certain he isn't exposing the company's intellectual property. In this respect your idea could fiscally break the company LOL! Lawyers don't come cheap! I hope you see what I mean , in startup companies cash is KING. There's very precious little of it , so to waste it on acknowledging investor curiosity just isn't productive enough as compared to building the company.
"Loose lips sink ships" 🤔
Go one further give him a personal call.
There's a host of inferences in telephone chat you can't get from emails texts etc. That connection should be a must for any CEO, any stock. I always try and track down the CEO. Even if they're avoidant you can draw conclusions from that.
For these reasons I'm not sure if I like your idea or if I think it puts the CEO at an unnecessary distance. I definitely don't like to distance myself from any CEO he can really help you through the rough patches just from speaking with them before they occur. Way less stress when you're on a one-to-one basis.
Late Friday filing would be just ducky
How did your CEO for the day go?
🫣
He vanishes as quick as he appears pay no mind.
Why would you say earnings Monday. Any particular reason apart from tea leaves and ouiji boards? 😬
Incidentally who had the stinker subpenny bid yesterday?
I really admired your enthusiasm 😂
Ok mid-May or mid-October sounds sensible...
What do you guys think?
Going to the Naz somehow that doesn't surprise me. 🤭
But I sure am pleased to hear that!!! 😁 Awesome actually we will get more traction sooner. There is still a chance for NYSE yet in my opinion because after North America is conquered so to speak. There will be Europe and other areas internationally.
So you never know we may get to the NYSE yet! But that would be years away guys, this is really good news actually . Things are going to move quicker. Like Scottie said quite some time ago the NASDAQ is a good seconder for an uplisting to a senior exchange.
Tiger do you know when, did he give any inference, as to how soon we might uplist on Nasdaq please?
Go with your initial speculation, theory#2 nope!
He's not selling, he's building it.
Here's the jist of that 8K with Sadie Stern
I'm a Mariner by trade, that name alone would get a few comments in my coffee room LOL!
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 5, 2024, Ms. Sadie Stern notified the Board of Directors of Sonendo, Inc. (the “Company”) of her intention not to stand for reelection to the Board of Directors of the Company at the expiration of her current term at the 2024 Annual Meeting of Stockholders. Ms. Stern will continue to serve as a Class III director and a member of the Nominating and Corporate Governance Committee and Compensation Committee (the “Committees”) until the date of the 2024 Annual Meeting of Stockholders. Ms. Stern’s decision not to stand for reelection was not the result of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company. The Company expresses its gratitude to Ms. Stern for her invaluable and dedicated service, including her service on the Committees.
You want to know WHY he relinquished application to NYSE. That's the first question on my mind. Secondly what are his future plans for SONX. Is it still NYSE, is this a major glitch, why so many departures in management.
Prioritize that list, chances are you won't get through it all so ask the big WTH questions first.
Company website should carry everything
You can't just PR selectively people get the wrong impression of the company. I don't know Scottie, that was another board member heading for the door and there's no sign of a permanent replacement for Watts yet. The only tangible perception I'm getting is inner turmoil, not good.
Company website not carrying company news now?
That's not transparency I'm getting a short fuse with all these shenanigans. What next do we need to grovel for. This isn't cool with me, I mean at least put it up on company website.
Good grief what the heck is going on? If the company can't do it's part what are investors supposed to think. I don't like reading between the lines when news should be out in the open. This really grates me the wrong way.
Still looking for Sadie Stern PR
It only came up on Tip Ranks a massive pain in the nuisance. Absolute jungle of pop up's. Why is that PR not commonly carried. That's really odd, maybe I'm not awake yet... Good chance!
I'll bet you a brass button we stay OTCQX
Uplisting, relisting right now is a risk. All that work to comply only to miss the cut because of a choppy market? When that energy could be further directed to closing on more sales is questionable right now.
I'd love to know the major reason why he relinquished his application. I mean we could all stand here and guess all day but this is a material event. So we do deserve to know the real reason and transparently. IMO
These words are legally proof read, here's why.
Neither company is saying they have programmers on it tweaking the software for a specific customer as we speak. Trudeau government has to be considered the big fish as far as Canada goes. There could be other dental associations Valsoft is trolling for as well. Even outside Canada.
Contextually the Valsoft partnership doesn't have a confirmed customer yet. No not one. The partnership is a jungle of JV's by the scruff of it. Shareholders deserve to understand this partnership a lot better though. That's not to say I expect an explanation of the partnership tomorrow indeed we may not know anything further until ValSoft has a customer on the hook.
That won't be out of disrespect to the shareholders, indeed quite the contrary. Until a sale of the software is closed on I can easily see where both ValSoft and Sonendo would need to keep totally hush on the transaction. Out of respect to the customer.
Yes! He has an unshakeable belief in the business. Why not, it is definitely a game changer for everyone involved. It feels like Canada may well be the canary in the coal mine.
I'm sure that's what ValSoft's initial reason for buying was. Free dentistry paid by the Canadian government. Sonendo fell into a bucket of honey because Trudeau will save billions over the years to come, that's no maybe, that's a certainty.
Excellent point are you putting to much weight in the word partnership though. I didn't see any LOI's, MOU's. The partnership is only a handshake agreement that I could read so far. Love being put wrong on that.
Valsoft will typically hold for one year and aim for 100% gains then unload. They currently have 94 other software companies. There sole business is flipping software end of Valsoft story. Sure they "incubate" the software in a virtual Software shopping mall. But I don't know that they have programmers now that I know them better. 🤔
You might be jumping the gun there I think.
All Bjarne has done is postponed an NYSE relisting. Who knows, has he been in contact with the Nasdaq before the letter to NYSE. My very strong hunch is absolutely. Indeed he may have already applied. There's so much to unpack right now and every shareholder is starved for info in a material event.
Can we anticipate a PR very very soon. Again my gut says yes and it better be as transparent as possible. If not this was just the tremor standby for the full shaker.
My bad quite correct. Need a coffee.
Biolase going to smoke us or buy us? 😂☕
I can't speak for anyone in this Rabbit Hole...
But that's what I'm planning, heck why not. There's still plenty of upside. Phenomenal technology, that's only going to get better.
Welcome to the pinks, an extreme environment.
To be very candid hold that thought, because I sure can't see Bjarne throwing in the towel that's for sure. Not after a million Root Canals. There is most definitely a considerable intrinsic value to be reckoned with in SONX here , besides any market cap.
Yes I have to agree, (edit) I don't want that yet. But you are correct sir. Interesting thought actually a hypothetical buyer could have approached from the Nasdaq. I don't believe Bjarne wants to sell into weakness right now though. He knows the true value of Gentle Wave so...
Oh ok. It's only speculation at this point.
All it can be until he decides what to disclose. CleanFlow® is an oral sterilization appliance. There's no way FDA can't* be involved to my mind...
I'm not understanding your question, sorry...
Bjarne withdrew April 11th (says in filing)
So much turmoil, politics, war, inflation, interest rates. Very difficult time finding any stability.
Starting to sound like the FDA was the fly in the ointment. Well this is a material event alright. We are due some sort of guidance. I hope it's transparent or we could see a Nickle. OUCH!
I'd call him anyway for sure, want me too?
He will stay here for now I think, regroup. Good luck with that subpenny bid. Hard to say where we level off. I sold a small amount to buy back in. It was really challenging catching a falling knife.
My immediate thoughts are it will bottom out around the .06-.07 area. There's like 43 million in cash as I recall so the last thing Bjarne will be doing is panicking. Business as usual, bet on it. This still comes as a surprise even though half expected.
He only filed for release from application to relist yesterday. But early to predict yet you're right. That was Plan B when we last spoke. We can be certain there's plenty of deliberation in the Nerve Center as we speak though.
Kind of looking like the Nasdaq now.
Not sure what happened here but hunch we'll know soon enough.
Wow I never looked so handsome as then...
Not quite but yes, SONX stayed low info.
Out of the $15 million sale price. There was $1 million that was left to be paid to Valsoft a year from the signing of the partnership. Again very little to no transparency at all, as to why.
Theory... you know all these tidbit shares that keep getting filed as D for disposed of or words to that effect? Yeah those puzzling Form 4 jobbies that's right. We might see more of them for that year as SONX cleans up loose ends still under contract to SONX. THEORY*
A partnership huh stumped let me think... You mean like Valsoft?
Another gig besides Root Canals. I'm sure glad you're easy to please... Oh wait could that be CleanFlow® Procedure Tool?
Very interesting suggestion, another medical application like sterilizing sutures after E/R surgeries I hear you say.
Possible? Certainly.
Plausible!? well Endodontists use it for surgery sterilization already to great success.
Probable hmmm... Bjarne has already mentioned the base kiosk for Gentle Wave was now in it's final phase. So definitely plausible. He may seek another medical application for the GentleWave tech as it's patented. Something delicate but difficult to get too would be my hunch.
You may well be onto something here Scottie 🤔✔️
In terms of potential it's ultra-conservative
Say you hang in long enough to ride the relisting on 50,000 shares. SONX only needs to hit $2 and there's your $100,000. As you know $2 is even an insult to some longs here and in a way I can sort of see there point.
The average opinion I could find is that the relist share price will hit $5 anyway. That's fiercely dependent on the strength of the news around the relisting, the time of year, the general shape of the market etc etc.... All in all I'd be delighted with $5 but everyone has there own entry and exit planned.
So there's probably not even any AI program that can predict the mood of the market with sure footed accuracy. MOMO, FOMO, real world valuations, potential, that day's market mood. Many factors will determine whether $5, $10 or yes even $15 on a to the moon atmosphere. Really difficult to predict market sentiment accurately.
If there is you're going to let me know, right Scottie? 😎💰
Guesses out of thin air, CONJECTURE understood?
It's out of Bjarne's control right now...
It could be the FDA holding up the whole shooting match! I really* doubt it's Biophase shenanigans that would be prejudice.
He may be waiting for the other foot to fall in terms of development like a new procedure, a knock your socks off contract.
Our Ace in the Hole is definitely Bjarne. His patience and determination here is phenomenal. That means he has very good reason to be this patient, this determined.
Charlie Unger once said (or words to this effect). Successful trades are not in the buying but in the waiting. H
He also said you have to accrue $100,000.00 to become a millionaire. Scottie I think SONX (directly or indirectly) will make us all who wait, millionaires. 🤔
STRICTLY* Bjarne's Call, he's in no rush to sell
Better he builds up market cap and intrinsic value (1,000,000 Root Canal procedures, so many Gen lV machines sold eg. ) first. That way he wins more projected value from the buyer. Translating to exponentially more money in your jeans as well as his.
He would definitely need to ok any offer with the executive first. As well as file any MOU, LOI etc. In a timely fashion.
JMO but I really don't feel like Bjarne is even going to entertain any offer in the short term. He told me in emphatic and no uncertain terms! He wants to build the company above all else. 👍👍💰💰
Useful page for Data NERDS
https://fintel.io/ss/us/sonx
During the day it will show you Real Time short shares if any. David Lee Roth, you strike me as a died in the wool Data Junkie if that can be categorized. Have a ball! 🤭
Short volume EXPLODED last week of March
That was right before the 10-K. You have to scroll down a stretch to see the recorded data. Watch this space during market hours for any real time short interest. Only place I know of that's accurate.
https://fintel.io/ssv/us/xesp
I had my appointment for my audiologist booked at that stage. But good to know thanks Bob. They certainly annihilated it expertly. I was far from patient by the end, I was more ready to pick up the phone and read him his fortune.
If this doesn't work, time for new phone 🤭
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318228227&type=HTML&symbol=SONX&cdn=9692ee0352c69f7015696b4a28557d9d&companyName=Sonendo+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2024-04-10