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People better wake up, that news is a game changer IMO
SLJB
It's just a matter of time, 199 million OS and trading in the trips, no brainer if you ask me.
TRAE
Moves on air, should see much more in the coming days.
SCNG
TBS Equities Fund LLC signed an equity purchase agreement with AdvanceTC Limited for 28,000,000 shares at AU$0.86 equivalent to US$0.52 per share. The terms of the Agreement will give AdvanceTC the right to sell to TBS Equities Fund LLC up to 28,000,000 shares of Advance TCs common stock.
SCNG, huge news just out
This is just crazy, how many shares are out there??
This one could explode at any moment
Why not share it now,I take it you want to load up first.
I had to double my position after doing more research.
Same here, it's only a matter of time before this one takes off
I could be wrong, but I believe it's going to be a while before this stock recovers, due to the market crash that's currently taking place.
Happy to be here, just waiting on the news of the takeover. We are listed on the other company website for a reason.
I added 30K, it's going to run real soon.
Any thoughts on the news today?
1 million on the Bid
It's crazy how no one is talking about this stock, Friday was clearly an indicator of what's to come. I was able to add 300K to my position, I know what's about happen here.
I added a shit ton, this week.
Does anyone know how much Sun Med is worth? I plan on joining you guys tomorrow morning.
I think I'll do the same. Everyone is worried about the CD, but I believe it's a thing of the past. Xu put out the news for a reason, I think we hear something about it this week.
Added another 100K
If you believe in your investment, just add to your position. The company will be making an announcement soon.
The crowd will show up soon,I have a small position.
Should be a good one
I honestly hope it stays on for another week, working my way to 1 million shares. This will be a life changing stock for many.
How much is the merging entity worth?
Now that's interesting
How will the new share structure effect the stock price? 800 million shares is a lot, but then again I'm not sure how much the company is worth, can someone help me out?
Simply Mac Acquisition and Future Plans
MIAMI, Dec. 2, 2019 /PRNewswire/ -- Cool Holdings, Inc. (OTCQB: AWSM) (the "Company" or "Cool Holdings"), the parent company of Simply Mac, Inc., the largest Apple Premier Partner in the U.S., provided a corporate update today regarding its recent accomplishments and its future plans. Having recently completed the acquisition of Simply Mac, the Company has a target to achieve positive EBITDA and restructure its balance sheet in 2020.
Reinier Voigt, President and Chief Executive Officer of Cool Holdings, commented: "We believe that the key to getting our Company profitable was provided to us on September 25, 2019 when we completed the acquisition of Simply Mac. Owning the largest Apple Premier Partner in the U.S. provides us with a superb platform upon which to build and transform our Company. Not unexpectedly, when Interbrand, the global brand consulting firm, recently published its 2019 ranking of top brands, Apple ranked #1 for the 7th consecutive year. Simply Mac has been a Premier Partner since 2006 and we continue to believe in the longevity of Apple as a company and its constant innovation and roadmap of future products."
Continuing, Mr. Voigt noted: "With this 'key' now in our possession, we still have a lot of work to do to unlock Simply Mac's potential. Some of that work includes continual improvements in product purchasing, especially for third party accessories, and avoiding the pitfalls of having excess inventories which hampers working capital, margins and administrative management. We will endeavor to properly stock our stores with inventory at the peak seasonal sales periods. Improving our inventory turns and cash-to-cash cycle will be important to achieving profitability, especially in a constrained capital environment. Simply Mac is one of the top providers of service for Apple products in the U.S. and we need to leverage that. Service is a category that generates our highest gross margins and we have plans to open smaller footprint stores that focus almost entirely on this offering. In fiscal 2018, Simply Mac reported $90.2 million in sales. With that level of sales, for every 1% improvement in gross margin and/or operating profit margin we are able to achieve, we could add approximately $900,000 to the bottom line. Additionally, we will work with our current debt holders to deleverage our balance sheet and add more permanent capital to our Company, as well as seek new equity for growth."
Only a matter of time before we move to double digits.
I'm so mad I didn't add more this morning, I think I might have underestimated this one. Praying for a dip tomorrow morning.
Yes sir, I think we have a chance to double in share price tomorrow.
I'll be add more as well, working my way to 500K shares.
I'm surprised this board is so quiet.
Seems real undervalued, I'm in for 33K shares for now
I have plenty of concerns myself, but I believe this is going to be a great investment. We should hear from the company soon.
I expect an update as well, he put that news out last week for a reason. CD could already be done, it's just my opinion. But if this falls under two cent today, I'm adding another 100K to my position.
That's what I'm waiting to see, once we get news of that, I believe we make a run into double digits.
Couldn't have said it better myself, these clowns are getting ridiculous. The potential here alone should have us trading at double digits.
I truly would love that, I'll add 500K to my position. P