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SRTS - Yeah, that's right, Gil. Now I do remember that name from the past. Here they even boast of being such a large customer of Sensus:
https://www.prnewswire.com/news-releases/skincure-oncology-provides-access-to-non-surgical-treatment-option-for-one-in-four-americans-diagnosed-with-common-skin-cancers-in-2022-301498288.html
SRTS - This one is still very confusing to me. I still own a couple hundred shares, just to keep an eye on it. Although it's nice to see the big quarter, it only reinforces how dependent they are on one customer. It was the year-ago quarter where sales went from 10m to 3m in one quarter, with no explanation whatsoever. I think all of us on this board who looked at it concluded that something happened with their largest customer (may or may not have been related to Silicon Valley Bank collapse). One customer was about 70-80% of sales in 2022.
Well, that large customer is back and in this Q sales went from 3m to 10m. So sort of back to where we started. Not only did the press release say, "The increase was primarily driven by a higher number of SRT systems sold to a large customer," but I also listened to replay of the conf call and analyst asked something like, "in the past you've had a large customer that has accounted for more than 50% of revenue, were more than 50% of these new sales to that large customer?" And CEO proudly said "yes, they're a very good customer." So I'd guess we're back to one customer at 70-80% of revenue. Still no explanation as to why the customer completely disappeared back then, or has reappeared now (other than "inflation" which sounded totally bogus to me).
All the talk of many other things such as, international sales, veterinary sales, oncology sales, transdermal skin thing, building new laser products, new "fair deal agreement" on new sales, etc -- all that seems superfluous. It's largely a one customer company, and for whatever reason that customer is back. I don't believe they've ever stated who the customer is. That could certainly be understandable for competitive purposes, but one friendly customer would also make for easier financial shenanigans. I'm not claiming that's what is happening, but I would think if one company is able to set up many of these machines in a profitable manner, it seems like someone else in another part of the country would have replicated that model. We won't know the exact customer concentration until the Q comes out, but it does strike me as odd that they're still largely a one customer company.
In the call, CEO seemed back to the old optimism, suggesting that the first quarter tends to set the tone for the year. Thinks Q2 can be as good as Q1, Q3 tends to be a lull, and Q4 is usually best quarter. It's like the 70% plummet in sales in one quarter never happened! Seems like that customer disappeared for Q1, Q2, and Q3 of last year. Then came back in Q4 and now Q1 of this year as well. Let the good times roll again! (Until they collapse again?)
Just as a concept, I'm always amazed at how such things are legal. If you check the right boxes and file the right papers, you can just rob people blind and not go to prison
PYYX - I've got some. Busy with some other stuff today and didn't even notice the action. Like you, I've been encouraged by the company's progress and surprised by the big volume to the downside. Not aware of any issues. Hopefully, just somebody needed to sell for other personal reasons.
GTEC - Yep the questions about Chinese companies often bring unpleasant answers you weren't expecting. Reminds me of another joke:
Wife walks up to her Husband and asks, "Do I look fat in this dress?"
Husband: "Before I say anything you gotta promise, no matter WHAT I say.... You won't get mad."
Wife: "Ok.. I promise."
Husband: "I slept with your sister."
RELL Haven't listened to the call, but yes that does sound like a bit of an odd perspective on cause and effect when buying back stock. Sort of like, I sprayed some water on my sidewalk, and later it rained, therefore my spraying the sidewalk made it rain!
Sadly, I've never had a broker merger where I ended up thinking things were better after the merger.
OMIC ($.38) Nothing like losing money in a hurry! I thought I was joking that it might reach the 30s, but I'm guessing people must be scared by the reverse split talk
Excellent!
Nicely done. Every time the cash register rings it helps.
OMIC ($.427) A nice 7% decline the day after I bought lol. Continued to buy today. At this rate, it'll probably be in the .30's tomorrow
OMIC ($.455) Picked up a few as I'm hoping it's back into a good buying range.
Buybacks - So true, seems like every CEO always thinks their shares are "undervalued" and wants to do a buyback. But that's spending other people's money. I'm always more impressed when a CEO risks his own after-tax dollars to buy shares personally in the open market. That way he suffers a personal loss if he's wrong. Otherwise, it's too often like a politician spending taxpayers' money on some scheme; he suffers no loss if he's wrong.
OT: Smug Elitist Interview Doesn't Go As Planned
Now this is fun. The smug, elitist, British intellectual reporter looks down over his eyeglasses as he attempts to scold the President of Guyana for using his country's energy and destroying Mother Earth, rather than just staying poor as they should. The interview doesn't go as planned:
A must watch!
— Anas Alhajji (@anasalhajji) March 29, 2024
This is my hero!
He is Mohamed Irfaan Ali, President of Guyana. #Oil #Guyana pic.twitter.com/j0KAwRwWgr
NILA - Just a quick follow up on this pinky scam pump and dump from yesterday. Yesterday it moved from $.015 to a high of $.35 on phony news that they "intended" to acquire a bunch of bitcoin, despite the co having almost no cash. Today, it's down 95%, back to where it started. Always hate to see people get ripped off like this.
Reminds me of the old quote attributed to President Lincoln. After he was accused of being two-faced, he allegedly responded, "If I were two-faced, do you really think I'd be using this one?"
NILA - This was a stinky pinky pump press release I noticed last night. Didn't think it would work; I was wrong. This Swiss cheese PR was on all the major wire services. A "Letter of Intent" to acquire a bunch of bitcoin in a needlessly convoluted fashion. Company has a billion shares outstanding and almost no assets lol.
=====================
Nilam Resources Enters Letters of Intent to Acquire 24,800 Bitcoin
SNOHOMISH, Wash., March 25, 2024 (GLOBE NEWSWIRE) -- via IBN - Nilam Resources, Inc. (OTC PINK: NILA) today announced that it has entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity, to be established under the name MindWave that will hold 24,800 Bitcoin. Nilam Resources, Inc., will issue a newly authorized Preferred Class of Series C Stock in in exchange for 24,800 Bitcoins at a discounted rate relative to current market prices.
Nilam Resources, Inc. will acquire 100% of the capital stock of MindWave, a special purpose entity in Mauritius, which will hold digital assets including 24,800 Bitcoins and other assets. These assets will serve as collateral to raise capital for investment in high yield generating projects.
The acquisition marks a significant strategic milestone for the Company and represents over a billion dollars in digital assets. "The Company and team have been working diligently over the last several months to finalize all agreements and due diligence necessary to proceed to a legally binding Letter of Intent (LOI)," stated Pranjali More, CEO of Nilam Resources, Inc.
With the current market rally and the financial market's recognition of Bitcoin as the "Gold Standard" and the future of digital transactions, this transaction brings Nilam Resources assets with a value exceeding One Billion Dollars (USD).
This acquisition and resulting strategic partnership align with NILA’s vision, mission, and core values—a future where finance is inclusive and sustainable, pioneering transparent, impactful solutions while driving positive change in the digital economy. “Transparency, innovation, and sustainability define us. We prioritize clear communication, embrace cutting-edge ideas, and invest in projects with enduring social and environmental impact,” further commented Pranjali More, COO of Nilam Resources, Inc.
The terms and provisions of the acquisition will be detailed in one or more definitive agreements. It is expected that the acquisition of a 100% interest in MindWave, thereby making it a subsidiary of Nilam Resources, Inc. The shareholders of MindWave will exchange their equity interest in Mindwave for a new class of Preferred Shares (Class C) authorized and issued by NILA.
The new class of Preferred Stock (Class C) is expected comprise a number of preferred shares of the Company, entitling holders to conversion rights upon listing on NASDAQ or another national exchange or other defined liquidity events. These shares will be issued pro rata to the shareholders. All shares of Preferred Stock Class C issued pursuant to the transactions contemplated hereby shall be considered "restricted securities," as defined in Rule 144 under the Securities Act of 1933, as amended.
“This Letter of Intent (LOI) allows our team to work in unison with some of the best minds in Fintech. The Xyberdata Ltd.team has a proven track record of strategic partnerships, acquisitions and continued support innovation for the industry,” Stated Mr. Nadan, Director of Xyberdata Ltd.,” stated Mr. Nadan, Director of Xyberdata.
About Nilam Resources, Inc.:
Nilam Resources, Inc. is an investment holding company that stands at the forefront of innovation and strategic evolution. With its pursuit of growth, excellence, and positive impact, the Company embraces the dynamic fields of Frontier technologies and applications. Its main goal is to generate returns on its investments by acquiring, holding, and sometimes actively managing a portfolio of businesses in various verticals including FinTech, MedTech, ClimateTech and more. By diversifying into these verticals, NILA aims to tap into the innovative potential of these technologies and contribute to their growth while generating returns for its investors.
About Xyberdata:
Xyberdata, formerly known as 101 Systems Ltd and headquartered in Mauritius, is a leading player in global connectivity services. Since 2011, Xyberdata has been instrumental in keeping the world connected. With a network spanning Africa, Asia, Europe, North America, Oceania, and South America, comprising 80,000 km of optical fiber and 1,800 MPLS endpoints, we ensure seamless connectivity for our clients. Carriers worldwide rely on us for their business-critical services.
Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current expectations, estimates, and projections about NILA and Nilam Resources, Inc. business and industry, management's beliefs, and certain assumptions made by management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "should," "will," and variations of these words are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Except as required by law, NILA undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Please refer to NILA's Annual Report on OTC Markets and other filings with the Securities and Exchange Commission for further information concerning factors that could cause actual results to differ materially from those in the forward-looking statements.
For Media inquiries, please contact:
Pranjila More, COO
Nilam Resources, Inc.
Press Inquiries to:
IBN Network/ ir@nila.holdings
pranjila@nila.holdings
Wire Service Contact:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
PYYX - Nice to see some progress on the debt:
https://www.otcmarkets.com/stock/pyyx/news/story?e&id=2805828
MITQ - Yeah, I noticed that as well. Don't know why the decline. I've certainly been dead wrong on this one so far
SURG ($3.89) Continues to move down substantially, as ACP (Affordable Connectivity Program) still has not yet been renewed. ALL of SURG's "earnings" come from this program. To refresh memories, ACP is a govt giveaway program and this company basically earns a commission for signing up people for a service that costs the user nothing, but all other taxpayers have to pay for. Frankly, I'm kind of surprised it hasn't been renewed since the current govt (both parties) seems to believe that giving away things is the way to prosperity. ACP should never have existed in the first place, and I'd be happy to see it go away, but why they are choosing to let this particular program expire is a mystery.
SEAC - Always something screwy with the Singers
LMB ($49.60) is another Hall of Famer that unfortunately most of us dropped way too soon
Interesting Banking Post:
BTFP loans marked collateral at par value (book value). When BTFP ends on Mar 11 banks must use the Discount Window at market value.
— Financelot (@FinanceLancelot) February 24, 2024
Any bank with crappy assets (Treasuries, MBS, etc) will no longer have access to liquidity. They want bank failures & consolidation of the system. https://t.co/QCDtuhOv2B
NYCB - They filed a notice that they were going to be late with their 10-K and noted they found material weakness in their internal controls:
https://www.sec.gov/Archives/edgar/data/910073/000119312524053473/d785925dnt10k.htm
NVDA - Be your own judge:
IMMR - Yeah, Singer stink is a real thing. Somehow, some way I fear the money will end up in the Singer's pockets
OMIC yeah I trade it quite a bit, in and out. But yes, I like the cash as a safety net for sure
FEIM - I saw that part and seems reasonable. It's one I've held for awhile and like also. Thx for the nice article and congrats on editor's pick.
Congrats! Those look like some nice gains
NVDA with a bit of a move down ahead of earnings. Who knows if that means anything or not, but if their earnings disappoint. . . . . the entire market could get ugly quickly. If their earnings are great, then probably the second stage booster rocket kicks in and we continue our journey toward Mars.
IDCC ($112.00) Would love to hear if anyone can see any negatives on this one which is a blast from the past -- I remember this co from the internet bubble. Mostly recurring rev, upped their guidance for quarter and year to well above consensus expectations, plus a possible AI kicker. Financials look good to me. Listened to the earnings call and they remind me of the guys at WIRE in the way that you can just hear the expertise and earned confidence. They've also bought back shares and returned money to shareholders. Seems like a lot to like, so would love to hear any negatives -- maybe I'm missing something.
https://finance.yahoo.com/news/interdigital-reports-fourth-quarter-full-133000442.html
SURG ($7.33) Will be interesting to see what happens here. Affordable Connectivity Program has not yet been renewed and has already stopped accepting new enrollments. Theoretically this could still change, but FCC is currently planning on winding down the program. SURG was making all their revenue and profit from this govt program of handing out "free" (meaning taxpayers paid for it) internet and phone service to people. The program originated as an "emergency" program during Covid lockdowns, and then they attempted to make it permanent. In the current environment, kind of surprised (but thankful) it hasn't been extended:
https://www.fcc.gov/fcc-taking-steps-wind-down-affordable-connectivity-program
The board symbol needs to be changed. It is FBTC
SMCI - too crazy for my blood, but yeah I wouldn't be surprised if it went back to ripping higher. Who knows when it ends
SMCI - down to price levels not seen since Wednesday!
SMCI - I went back and looked up many of the internet bubble companies and their '99 to 2000 runs. Most of them were 10baggers in about a year. Some of these AI stocks have gone beyond that. And some have moved in just months. Crazy action
gil, that's even better than me selling LMB at a little over $16 and thinking I'd made out like a bandit after buying at $11. It's now trading at $45. Not quite as big of a post-sale move as yours, but still a very respectable blunder.
nelson, ha! I saw that skit when it first came out and got a kick out of it.
I actually tend to be an early adopter of new technology and love tech that actually IMPROVES things. Just can't stand tech that re-designs, makes you figure out where everything has moved, or re-names things. . . . and then you have to waste time just to get back to where you were BEFORE the alleged improvements. Waste of time and no gain -- that's what annoys me.
I was an early adopter of the internet, skype, youtube, gmail, many phone apps, etc. Always looking for and adopting technology that really makes a big difference. But I've also noticed that as these things mature, they tend to make changes for no reason, often makes them LESS useful, and seems like is often just a designer trying to justify their position at the company. I thought youtube's best version was like 8 versions ago.
But on the new tech side of things, I was an early adopter of bitcoin about 11 years ago, which I know many, if not most, on this board think is nonsense, or gambling, or evil. Munger called it rat poison. I strongly disagree.
I think SNL could do a new sketch with the old guy yelling about "the bitcons or the cryptomography or whatever it is you kids are calling it! Sounds like a bunch of nonsense to me!"
MITQ ($.65) Listened to the call and didn't hear anything overly positive or negative, seemed about what one would have expected from the last call. They still feel they're at the beginning of a major upgrade cycle, and still optimistic about the stadium possibilities. I've bought a few at this level.
PYYX (2.60) I listened to the call and they were generally upbeat and optimistic. A couple of legitimate questions about the debt. Paraphrasing, "at some point, you are going to actually try and DECREASE the debt, right?" haha. They seem to think they've got things under control and can both increase cash flow as well as pay down debt over time. I own a fair amount and would also feel better if debt started going down a little :)