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http://www.nbc29.com/story/39908334/cuentas-rescinds-limecom-stock-purchase-agreement-and-reduces-debt-by-over-33-million
Both these guys should resign!!!
http://www.nbc29.com/story/39908334/cuentas-rescinds-limecom-stock-purchase-agreement-and-reduces-debt-by-over-33-million
Both these guys should resign!!!
Delinquent again!!!!!
Harrison Vargas has a decent sized position.
https://www.otcmarkets.com/filing/html?id=12924512&guid=05OEU6NmImzm-3h
31.6m shares which would have reverse split to 105,333.
This month invested before reverse split at $0.0145.
Revolut was valued at $1.4b with 1.7m users.
NXGHD gets 1m users, based on Revolut valuation, they should be worth $800m.
That is the risk they are running......
I can't find any mention of them paying the money for Limecom.
Has anyone found the $2m payment from NXGHD to Limecom for the acquisition?
I have been searching for this in the accounts, and don't see any reference to this.
They filed NT 10-Q to say they're late in filing.
Why is there 25,733,125 shares outstanding?
Surely since they issued 360m, there should now be 1.2m shares????
Their market cap has jumped as a result to $90m.
Maybe Arik Maimon should resign as President.
They have potentially a great product with retailers nationwide ready to stock. But with Maimon as president I can't see them being successful.
So what's happened to NXGH today?
Now that they have changed the ticker name. Does that mean all our NXGH stock is obsolete?
What about the reverse split? Surely we would be reverse split also?
Who's dumping stock so low? There seems to be a lot of low priced trading going on.
It can't be these guys dumping their own stock?
This is basically a panic sell off due to the latest filings.
Why are they writing a blank cheque of $50m in new shares? As collateral for something?
Complete BLOODBATH!!!!
The volume of ASK orders at lower prices is starting to decrease.
Could this be the end of sell off?
I hope you're right!!!
There's at least another 100k shares available at 3.2c and below. There could be millions more to be sold off.
Looks like a bloodbath!
Do we believe the street is really buying up all these low priced stock?
I would have expected a gradual increase in the price. Ultimately, NXGH has massively increased it's value, revenue is big, they're cleaning the balance sheet. I would say they're a $50m company now.
The CIMA acquisition will add $21m in assets, and that to me should make them more valuable.
Arthur, that's $70m over 6 months. So they have to do $55m in the following 6 months.
"CUENTAS" (launching in Q3 and Q4 of 2018)
This is where the value of the company lies. I can see these guys hitting 1m subscribers and being acquired by a large institution for a big valuation.
FinTech companies get big values!
There's still $21m to hit the balance sheet.
The news on the FINTECH intellectual property from company called CIMA stated $21m acquisition.
I don't see that anywhere yet. If they signed LOI on 3/1/18 then I guess it will be on the BS later in the year.
Well done guys, they finally filed!!
$54m in revenue and $0.7m loss. Big swing in financials!!
We need the filing to happen to hit $0.14+.
If these guys file ASAP, it will be interesting to see what happens.
a 20x on current stock price makes NXGH a $250m company.
They can't even file on time, never mind take the company to this level. It also seems products aren't in stores.
We need this stock to increase it's trading volume substantially
I keep hoping today could be the day they finally file.
Likelihood is they won't, probably for considerable amount of time.
We could see a $0.14 once they file the 10K.
With $31.25m revenue and Limecom was acquired on a $50m valuation of NXGH. So my calculations suggest $0.14 is the target.
This 10Q could be followed by the actual 10K
Yesterdays activities were very interesting.
But, we're still waiting on the filing of accounts, and it seems that their products are not even in stores yet.
A $1 stock makes them a $350m business, and without products on the shelves, they are far from that!
Any body see the 879k share BID order?
Also importantly, when do the products go into stores?
Limecom isn't massively profitable, with $125m revenue and $2m profit. That's over 1.5% gross margin.
Cuentas must be much higher profit margins.
The key question is when do these products go into stores??
I think there are 2 Limecoms.
There seems to be Limecom in Florida, but also Limecom Italy SRL in Rome.
http://www.hoovers.com/company-information/cs/company-profile.limecom_italy_srl.1bb2c8b883b9f6d8.html
Is is the same guys?
I didn't notice this to be honest.
But I don't see it as too much of a red flag. You would expect the cashflow of the company to be good if they're receiving advances on invoices.
Plus I see they have insurance also, so risk of defaults are pretty much covered.
Could today be the day they file?
Probably not, but let's hope they file soon with Limecom financials attached.
Let's assume the audit is due to be complete, and it includes Limecom revenue.
How much revenue and gross profit will Limecom add?
Assuming it's $125m per annum, and the acquisition was October, so that's 3 months.
$31.25m Revenue and $0.625m Gross Profit.
What impact do we think this will have on the stock price?
Another day passes and still delinquent!!!
No products on the shelves and still no financials including Limecom.
Maybe the audit will collapse, leading to Limecom going back to it's owners and NXGH still left with no products on the shelves!!!
The Cuentas product I believed had huge potential.
I wonder what has happened to this product?
Has anyone seen these products stocked in any of the stores or bodegas mentioned?
Answer is NO
Financials will file in late May by the looks of things.
Auditor was only appointed Feb 23rd.
It's April 23rd today, and 2 months on there's still no filings disclosed.
I think we have to wait another month before we see financials.
I'm surprised investors aren't dumping stock. The trading volumes have been low in the last couple of days.
You would have thought a mass dumping would have followed after missing the late filing deadline after the NT 10-K.
Another concern is if LimeComm didn't hit it's revenue targets, and the auditors found this. As such, leading to the acquisition being cancelled.