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If you invested 5 million here at $5 how much is it worth now?
Stuff runs at times just right time right place. This run was insane!!
Yes the share price keeps tanking. Just imagine 1.8 billion or 1.5 billion shares at $5 that is now worth 4 cents. Folks got wiped out
Seems to me like the worst pitch ever. The price has been diving for years
Did the smart people buy at $5.00? I'm trying to figure this one out
Is this the share structure or not?
IDEX SECURITY DETAILS
Share Structure
Market Cap ?
31,874,400
05/12/2023
Authorized Shares
1,500,000,000
10/31/2021
Outstanding Shares
787,022,216
03/28/2023
Restricted
58,854,692
10/31/2021
Unrestricted
427,895,364
10/31/2021
Held at DTC
422,883,506
10/31/2021
Float
You think it'd naked shorting? The share structure is horrendous!!
Can you explain? This was 5 dollars three years ago then 89 cents a year ago now dropped below 4 cents Friday. You really just can't talk it up with this share structure
Quite frankly the only way I see this pps improved is with a reverse split. This has been very poor execution by management and it shows in the pps
So the folks who bought at 90 cents this year weren't smart? How about the folks at $5 three years ago? Take a look at the share structure and it's worse than most stinky pinky. Very grim outlook and Tons of folks bagged and trapped imo
This was a $5 stock now at .04 cents. What is it folks are going to miss out on? At this pps it should be trading In the otc not nasdaq.
What if it dips again below .04? Not sure what this one does but it looks sketchy to me
Idex imo is a turd
There's no company
That why it keeps tanking?
Ohh? Wow!!
It was the know what you hold crew
Look at the pps and tell me know they'll get it up? For an ev company putting out the news they do this is sad. I expect RS news real soon then more diluting all imo
Alright when is the RS? Only way this pos goes up
Unreal lol
Reality isn't negative my guy
Folks would care if the company wasn't just good at playing dead. If dd mattered here this one wouldn't be down here
52 week high to thr 52 week lows. Sheesh
Well just look pps 90 cents to 4 cents. That's enough dd for me
Isn't idex biometrics also a subsidiary?
I hear you. We shall see!
Prs daily so I think it's here
Fitting for this one
Not in the business but this smells like a promo . Real nasty one too
Idex needs to be buried
First post here but this is tanking like a rock from 90 cents to 2 cents
I this Sonos or spectra?
Lol
What's really the matter? If you're right by the end of the day we will all see what happens here
JPMorgan Chase to protect all deposits -- insured and uninsured -- bringing its financial strength, capabilities and capital to the U.S. banking system and First Republic
No systemic risk exception required; a competitive bid process minimized costs to the Deposit Insurance Fund
JPMorgan Chase (NYSE: JPM) today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is supporting the U.S. financial system through its significant strength and execution capabilities. As part of the purchase, JPMorgan Chase is assuming all deposits – insured and uninsured.
“Our government invited us and others to step up, and we did,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.”
Dimon added, “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
Key transaction elements following the FDIC’s competitive bidding process include:
Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.
As a result of this transaction, JPMorgan Chase expects to:
Recognize an upfront, one-time, post-tax gain of approximately $2.6 billion, which does not reflect the approximately $2.0 billion dollars of post-tax restructuring costs anticipated over the next 18 months
Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 target of 13.5% and maintain healthy liquidity buffers
The transaction is expected to be modestly EPS accretive and generate more than $500 million of incremental net income per year, not including the approximately $2.6 billion one-time post-tax gain or approximately $2.0 billion of post-tax restructuring costs expected over the course of 2023 and 2024.
The acquired First Republic businesses will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak.
“First Republic has built a strong reputation for serving clients with integrity and exceptional service,” said Lake and Piepszak. “We look forward to welcoming First Republic employees. As always, we are committed to treating employees with respect, care and transparency.”
JPMorgan Chase will:
post an investor presentation with additional deal details on its Investor Relations website at approximately 7:00 a.m. ET on Monday, May 1
host a media call at 8:00 a.m. ET and an analyst and investor call at 8:30 a.m. ET featuring Jamie Dimon, and CFO, Jeremy Barnum, on Monday, May 1
As noted above, JPMorgan Chase will host a conference call for analysts and investors on Monday, May 1, at 8:30 a.m. (ET) to discuss the transaction. The general public can access the call by dialing (888) 324-3618 in the U.S. and Canada, or (312) 470-7119 for international callers; using passcode 1364784#. Please dial in 15 minutes prior to the start of the call. The live audio webcast and presentation slides will be available on the Firm’s website, www.jpmorganchase.com, under Investor Relations.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders’ equity as of March 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and
Little bit
I'm not yuan! Mi nombre is Jesus! I get you
Biblical squeeze parting the red sea
Oh the desperate. Buyout news and the scramble begins