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Call wrapped up. It was their first conference call as a listed company. Incredible.
CEO Byworth is absolutely crushing it on the conference call.
CC: `Family offfices, venture funds, and HF are starting to look to crypto to gain Alpha`. Recent pullbacks are attracting these players as they no longer fear `buying the top`.
$EQOS `cash and cash equivalents of $42.1m usd.` Expecting increased margins as they are nearly completed on their product build-outs.
$EQOS `no interest bearing debt`
EQOS announced 2022 first quarter revenue
https://finance.yahoo.com/news/eqonex-announces-unaudited-first-quarter-110000734.html
$EQOS working with global regulators to be a core player in crypto trading. With a management team stacked with incredibly senior world class banking professionals, they are best placed to do so.
$EQOS is a being built with Compliance at the forefront. As they gain further approvals in the UK, Singapore, and HK, they will separate themselves from other `exchanges`. Large banks that want to provide crypto exposure to their AI and Institutional clients will need to have a fully regulated, KYC, exchange to do this. EQOS solves all these issues.
Diginex Market Cap: 225M
Coinbase: 63B
$eqos is currently doing roughly 5% daily volume of COIN. Nuked out, a roughly 3B market cap. Incredible upside.
Diginex. Their first conference call as a listed company is underway. The team are all former Senior bankers in HK. CEO Byworth is doing an incredible job.
Truth. To answer your pm. No, they did a reverse merger from an existing listed Nasdaq company, then renamed. They are doing their first cc as I type. The management team are all ex incredibly high-level bankers in HK. The CEO, Richard Byworth, use to run coverts for Nomura. He, and the whole team, are as polished as can be. They are developing a whole crypto ecosystem, that is compliance based. Fully expect them to be bought out. With a market cap around $200 million, it`s all upside.
It’s just one of those things~
Jay and Armen are a complete shltshow. Almost a year since Mars left….
From what was discussed months ago, the merger is off. The idea was part of NETE (payment processing) was going to be spun into RXMD and Oleg was going to join the management team. StockForce ran that theory. Since then, it went elsewhere, along with some debt, and he’s since claimed it was off. Hardly to be heard from again~~ Nete is the better play if you are looking for a swing.
Hey now, credit where it’s due. They saved money by skipping the ‘spell check’.
I pity the Fool that doesn’t by them
I hear you. Here’s to printing cash~
Of course, we can sell anytime. It’s more lip service that sets him apart. I believe in the growth of the company, and future revenue. But I’m also of the belief that SF and this Armen nonsense have done a great disservice to the share price.
To be fair, Armen does seem to be using the ‘quiet period’ as a way to keep long term shareholders from selling. Admittedly, I am one of those falling for it. The quiet period has been over a year. The S-1 was hyped for March 2020. Then when you take StockForce into account, it seems that our shares are basically held at ransom, doesn’t it? I could completely see them pushing out anything for October, only to make it Q1 2022…
That’s good to know. Any new developments being discussed?
Almost a year since Mars left… can just imagine how much better off we’d be if Armen didn’t push her out.
Jay…. Where are those PRs?…
You’re
Hey StockForce~ been well?
Could well be the case. Admittedly, much of my skepticism comes from StockForce and his ‘phone’ calls~ the Telegram nonsense… I’m a believer in revenue, profits and stock price and volume.
It could be anything. My main point is that while the t-trades can be shares from conversion, I don’t think we should get that excited about them, as they are used for many things. Without RXMD filings, we can see his many are outstanding.
Does anyone have term sheets? Could be worth calling the custodian and asking how much is outstanding.
I wouldn’t expect all the t-trades to be related to the CB conversion. The majority of the t-trade volume is probably coming from the market maker’s trades that are executed within the b/o spread. A couple weeks ago a few people were talking about how their fills didn’t show up on Level 2. In most of the cases, it’s probably the maker sitting out with large bids and offers, forcing retail to jump over the blocks into spread. Then the volume gets reported after the close.
Are we debt free yet? Come on Jay…
It’s most likely a block of shares being sold by the note holder at a discount. For example, if the strike of the converts is 10% below a closing or average price, they could sell the t blocks at a 2-3% discount and capture a risk free spread.
It’s not working... it’s not working... it’s as if potential investors are waiting for us to be SEC compliant, instead of filling bottles..FFS... Armen.... really...
They’ve sucked enough out of the longs, now they need a new source~
Not during down trends.
Stardate 2750, it’s been 266,085 days we’ve been in a quiet period....
Day 469 of a quiet period now?
I thought we were buying CVS before that? Building the business and all. But you know, quiet period...
The only AAA team that does more damage than it resolves...
The fact they they aren’t ‘SEC Reporting’ and have been referring to a ‘’Quiet Period’ for over a year exemplifies that they are just trying to hustle the price every time they make one of their statements or ‘plans’. The share price more than reflects this. Yet, they still want to release highly anticipated ‘Bitcoin’ PRs. It’s nonsense.
It’s just 5pm for me. So I’m about to start happy hour~ Enjoy the rest. Hope tomorrow is better for us.
I agree, and I think it highlights the overall issue I have with them. They seem to keep hyping ideas that they think will move the share price, only to cancel them ‘for the benefit of shareholders’. Remember that planned acquisition over the winter that was going to be massively dilutive? Only to be killed. It should have never been one the table.
If they really want to make this run: revenue, profits, and sec reporting to start. Then they could go on about the uplist.
All this crap about quiet period, over a year, is just making them look foolish.
It’s ‘they’...
Just kidding. I’m long, and believe in the company. But I think the management communication, and by extension, Stock Force, have been an incredible disservice to the share price. I think the Telegram is just another way of them trying to manipulate holders.
Revenue and profits are the only things that matters. Enough with the bs ‘quiet period’. They should just keep it shut, and produce.