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These are largely air shares in my opinion. ASCM
The continued bid swatting here is high comedy.
This stock should not have anything close to this much resistance with the float. So many air shares
Why next week?
Thanks, top sticky now explains the Merger Agreement calculation.
The dilution is fully baked into the conversion price.
$68M is how MEOA agreed to value Digerati as an enterprise / you divide that by fully diluted share count which is 254M shares. That gets you .27, divided by $10 as the set MEOA price, gets you .027.
Multiply your current shares by .027, and then times MEOA price, which is $10.12. You'll see this yields over 2X current value.
I'm not pulling this out of thin air it's in the signed Merger Agreement which anyone can take the time to read, it can't be amended without DTGI consent and it's in a signed legal document.
He's not right on #1 or #4, others are somewhat valid but don't justify a 50% reduction from conversion price, it will steadily rise.
Or #6 for that matter - Endless DTGI shares? Float is 79M and has been locked for like 2 years lol
Regarding your #1, they haven't issued any shares in like 2 years, no dilution. Not to mention the conversion ratio of .027 takes into account a fully diluted share count of 254M shares.
For #4, you're not understanding the Merger Agreement. MEOA has valued Digerati at a $68,000,000 enterprise value per the merger agreement. They're saying current PPS is way undervalued, hence the .027 conversion ratio which puts the conversion value 2X current PPS. Go read the Merger Agreement, it's a set conversion ratio so whatever you're implying here is way off.
All you have to do is watch ASCM. He's NEVER been on the ticker since I've been in, yet he's selling fake shares on the ask that he does not have right now. It's insanity that they're allowed to do this.
Yeah they went in pretty hard when it was about to break .20 yesterday, you could clearly tell. I've been here for a couple years so there was no front loading, they just got caught and had to short it back down.
But all you need to do is read the Merger Agreement, clear as day.
Correct, Art Smith has a track record and I don't blame him. I mean just look at the shenanigans on DTGI when the conversion price is clearly stated in the Merger Agreement.
Reminds me of PQEFF when they had a tender price and it was manipulated way below the tender price lol
Indeed. It's in the signed, legal and binding Merger Agreement. It will find its way there sooner rather than later.
If you read the rest of post, you would see that I said the ratio is .027.
So you take the number of DTGI shares you own, multiply by .027, and then multiply by the set price for MEOA shares, which is $10 in the Merger Agreement.
It's the same math dude. If you have 100,000 shares of DTGI worth $13,000 right now, upon conversion they will be worth $27,000.
Keep shorting ASCUM. .27 conversion price
Half of yesterday's volume was naked shorted per REG SHO lol. Not surprising.
Keep selling at 50% of merger consideration you dopes
LOL ok bud. Show me your calculation - I'll stick with the calculation in the signed Merger Agreement, which is clearly dispositive here.
It’s simple math. Just read the merger agreement. Upon closing the shares are worth more than 2x just upon exchange and uplist. Who cares how boring it is lol.
Let’s do some math for fun. Let’s say for giggles that I currently own 100,000 shares worth $12,890 since PPS is .1289. MEOA is trading just over $10.
Under the Merger Agreement - the conversion ratio for existing common (meaning how many shares or MEOA you get for your DTGI shares) is .027 (which basically implies that price on conversion is deemed to be .27 cents).
100,000 x .027 x $10 (trading price of MEOA) = $27,000.
So you can see based on the most basic conversion calculation legally required in the merger agreement, the shares or more than 50% undervalued.
Yes and there are two companies being combined - there’s a conversion ratio and it’s .27 cents for existing common based in the Merger Agreement.
I’m looking at the calculation in the actual Merger Agreement that was just filed. It’s in the 8-K.
They canceled the reverse split
For another spin at the math - take the current # of shares that you own, multiply by .027, and then multiply by $10.
That’s how the Merger Agreement really reads but the .27 is easier to process at the moment with respect to current PPS.
If you do this math you’ll see that upon conversion you’ll be getting over 2x current levels
Doesn’t matter where it opens - I just laid out the math that conversion PPS is .27 cents. It’s right in the 8-k that was filed.
Simple math my friend, it's right in the Merger Agreement attached to the 8-K. The numbers are locked.
8-K is filed with Merger Agreement attached, so we can calculate the implied value of existing equity:
“Exchange Ratio” means the quotient obtained by dividing (x) the quotient obtained by dividing (i) the Equity Value by (ii) the aggregate number of Company Fully-Diluted Shares, by (y) the MEOA Share Value.
“Equity Value” means $68,680,807.
Aggregate number of Company Fully-Diluted Shares, per last 10-Q = 254,000,000
So - $68,680,807 / 254,000,000 = .27 cents would be the implied equity value of existing common, and then the MEOA share value is $10 per share.
So you take # of shares you current own, X .027, x $10. That's nearly 2.5x current PPS
So easiest math is to just say upon conversion, current common is valued at .27 cents.
Conversion price should be 2x or more current PPS. Silly to sell here
RENAVOTIO, INC. (RIII) ENGAGES CORPORATE ACCOUNTING FIRM AND EXPANDS ITS CRANBERRY GLOVE BUSINESS WITH CONTRACTS TOTALING $177,500,000
Tulsa, OK, September 6, 2022 (GLOBE NEWSWIRE) -- Renavotio, Inc. (OTC:RIII) (the “Company”), an infrastructure investment company focused on opportunities, including medical protective equipment, 5G, ISP, utility construction, utility management, IoT, water, waste management technology, and related industries, announces its current shareholder updates.
The Company has engaged Eventus Advisory Group LLC to work with its current auditors, Marcum LLP, to complete the reaudits of the 2020, 2021 and 2022 financials along with implementing a systems protocol to handle the Company’s current and future growth. The Company is completing the 2020 10-K/A, 2021 10-K as a combined filing along with the 2022 First, Second and Third Quarter 10-Q’s. The Company’s plans are to be completely current by the third quarter of 2022.
The Company has agreed to enter into financial partnerships on its first Cranberry Purchase Orders with funds advanced necessary to complete the transaction with net revenues to Renavotio to be shared 50/50. The initial inspections of the first shipment are scheduled to begin on September 12. The first orders will be sent both by air and sea. The Company expects to receive up to 780,000 gloves by air and additional 6,000,000 to be shipped by sea over the next 12 months.
The Company has also responded to a civil proceeding for collection of a promissory allegedly due to the seller arising from the previous acquisition of Utility Management & Construction, LLC and Cross-Bo Construction, LLC (“Cross-Bo”). Subsequent to the acquisition, the seller fraudulently breached the agreement causing damages of approximately $1,300,000 which triggered the construction performance bond on an infrastructure project. The bonding company made a subrogation claim which was settled on terms providing for payments. The Company has filed a counter claim for that amount. The bonding company has recently filed a federal court action to collect on the settlement agreement.
There have been recent filings by the multiple defendants in the Cease-and-Desist order filed against Verizon, Cox, T-Mobile, U.S. Cellular, AT&T, Mobilitie, Renavotio Inc., construction contractors, and multiple city of Tulsa departments and state commissions that only effects work in the Oklahoma area. Many of the cases have been dismissed and the Company expects its case to be dismissed as well.
Arrowhead Fiber, LLC, the Company’s subsidiary is unaffected with respect to its current and future bids by the above actions. The Company expects to hear of the awards on the outstanding bids later this month.
Billy Robinson, the CEO and Chairman of Renovatio commented, “We are pleased with the engagement of Eventus Advisory Group LLC, who works closely with Marcum, LLP and will put systems in place to help keep our financials and filings current. With the expansion of our Glove import program and the growing opportunities in the fiber and 5G space we will strive to bring our shareholders value.”
1
8-K. Filings current by end of September and $177.5m in purchase orders.
News doesn't matter, cash value doesn't matter. They just short everything into the ground with air shares.
There's no reverse split, read the PR
This is just absurd
Pretty sure there's no gap, just usual fuckery in spite of news
W.T.F. SO over this
Pretty clear to see the shorting - but how can you justify shorting a stock going to Nasdaq trading at 10% of cash value lol
MM got caught without shares, let's hope they let her go this afternoon
We know there's zero dilution so they're clearly just naked shorting the piss out of it
Good reset here. Let's see if we can get new highs here.
LOL where are these shares coming from, literally nobody was holding size in this. Ridiculous.
Um you're missing the point. The point is that current market cap is way undervalued.