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Just FYI from their LOI for DeSol Power Tiles. I was curious how long their last acquisition took.
8-K 08/26/2020 08/18/2020
PR 10/5/2020
These things take time, but last time they did it in around 40 days, so maybe around Oct 4th, since the K-8 was Aug 25th, one day earlier.
Share structure will be key.
$0.05, still $650k MC. Plenty more room
Office space is now in the same building as CFO Bruce E. Schreiner
Pink Limited today
Profile was verified yesterday after some updates
I took back-to-back hits with $NGCG (1m shares) and $BABL (240k shares liquidated), went from $100k to below $20k, devastating, cried the next day, blew up a lot of plans, but if I can make money from Edgemode, then I will.
Would have been worse if I had not sold 65K in the middle of August.
$FWAV has $10m line of credit, which Edgemode could use as their last presentation said they need to make a down payment of $1.5m by Sept 30th, 2021 to Compute North for hosting.
$BABL had too many issues that slowed going current, and Edgemode gave up, they were going to miss their goal of OTC in Sept.
I am hoping it is 80% of current outstanding shares of 47m.
Even at 200m shares, that is $0.75 per share for $150m MC, but hoping for 90m shares and $1.70 pps.
I do feel we will have time to buy shares once the announcement comes as we all know the background and have read all three presentations.
Attorney letter dropped today
https://www.otcmarkets.com/otcapi/company/financial-report/302435/content
"The company is being restructured and the new business plan is expected to be launched during the second half of 2021."
Something should happen over the next 16 days.
incorporation date: 2021.09.09
Small sign something may be up.
I use to be able to check the upload folder on the website to see if any new images were uploaded, there were none, but today when I checked it was blocked with a 403 Forbidden, so it is now being protected, likely from anyone sneaking a peak at what the merger will be.
Maybe $10k. Hard to tell as sometimes they show shares bought two prices for the same shares.
Explaining the share structure isn't, they should explain what they mean by the 80%. Saying they would stay on and run it seems like something they could say.
But yes, saying Edgemode crew is gone, means I am gone
I sent these questions, got no answer back
Likely they shorted it and bought back shares they sold for $0.15.
They have had access. They removed the Attorney about a month ago.
FWAV is up 80%. Seems like if Edgemode does what they claim there is plenty of value in FWAV
What about this
Babl has 165m O/S
FWAV has 47m O/S
BABl is 78% of the shares combined, the K-8 said
I am sure a lot stayed away because of the split, now might be a good time to get in if one can get it around the $2 range.
Looks like just MM's selling this morning.
rynlrt, Just sell and move on, though I wont know if you did because I wont see your bear posts anymore.
I think that is why it is quiet on Twitter, pumpers don't have their shares yet.
$BABL Edgemode confirmed as the merger company.
Update 8/14/21 https://t.co/IWA6p6uaK4
— Synergy Management (@synergymgtgroup) August 14, 2021
The questions were not about BABL, they were about round three, about the $10m pre-listing raise. Look at the questions.
I did not ask any questions, was leaving that up to others who wanted to send an email to them. I threw out some they could ask.
If I wanted to ask them questions, I don't need your permission and I can ask.
simon@edgemode.io
can ask about what evaluation the latest is for, what shares, what shares will convert to once they go public.
Dont know if this has been posted
Seed round investor deck (1st, back in November)
https://docsend.com/view/mcntmgq7xad8cmhf
No mention of OTC or NASDAQ. 2nd round mentions it and they go out and secure BABL. Phase 2 for $4m was suppose to be in Q3 2022, instead they did $2m in Q2 2021.
I would not dismiss that they predict $2b enterprise valuation in 2023 with the $100m raise.
$10m raise (going on now) gets them to $167m a year in revenue for 2023, page 9.
$100m raise (planned for Sept 2021) gets them to $709m a year in revenue for 2023, page 15.
Maxed out shares at 500m common, is $4 pps at $2b MC.
They clearly say OTC Nasdaq, which is not wrong.
First, they will be Preferred Shares. Second, those preferred shares obviously will convert to maybe 10 common shares.
I am talking out of my rear right now and have no clue what I am talking about as a new trader.
165m common O/S now.
100m common shares converted from 10m Preferred shares. $0.10 pps, $10m raise
20m common shares converted from 2m Preferred shares. $0.10 pps, $2m raise
-----
285m common shares at $0.52 per share equals $150m MC.
My point is, they could be discounted at $0.10 per share and they can get to the $150m evaluation worth $0.52 per share.
I believe preferred shares dont count in MC, but they sort of do.
I think they are doing it at $150m. The $100m post listing raise will be at $2b.
7 posts on Twitter, almost 300 on here. Pumpers and public dont know about $babl.