There's a Chungus among us.
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It's blowing up. Look at that CLOSE!!!
We are all going to die someday.
HAHAHAHA he said rats asshole. Nice!
At least WaveTech is mentioned in the recent 10q:
WaveTech Global Inc., which is under a definitive agreement to be acquired by us, is supported by its subsidiaries: Wavetech Inc., WaveTech GmbH, Inc. (collectively known as “WaveTech Global”). WaveTech is a global next generation energy management company that specializes in asset lifecycle extension, intellectual property development, and implementation services. The Company offers a global portfolio of end-to-end energy optimization and lifecycle management solutions developed from proprietary intellectual property, engineered systems, and operational expertise. WaveTech Global extensive suite of products include power asset life extension, operational servicing and automation, lifetime cost reduction, and real-time heterogeneous power source switching. WaveTech Global, through its diverse portfolio of intellectual property and engineering expertise, dramatically improves the availability and efficiency of customer networks through automation, analytics, machine learning and material science innovation. Services we provide include: Software as a Service (SaaS) subscription-based monitoring and analytics; critical power engineering design, and installation; critical power system maintenance and replacement; asset lifecycle extension that enable some of the most sophisticated and mission-critical networks in the world.
At least we'll finally see the results of that drone technology.
Also, WTF is Re-Tron? http://www.wavetechglobal.com/contact.html
Interesting that the WaveTech News page (new update) titles the definitive agreement as "WaveTech merges with Spectrum"
http://www.wavetechglobal.com/news.html
ADEX has redone its job application portal, which is why I couldn't see any updates this week. Apparently the subsidiaries are doing well. Maybe the real companies can make up for incompetent management. 173 new job postings. Business must be pretty strong.
https://www1.jobdiva.com/portal/?a=zyjdnwhdvxmwudcydx3qxv036vphi906dfdx7ft4zfdngdcg77yetzujt886qmk8&compid=0#/
a 1.6 million dollar high is a lot of weed.
Sometimes stocks go up. Sometimes stocks go down. ICLD does not go up often.
Up Down Song
Even the fake articles aren't trying anymore. "A new task" LOL
Unless the Q1 report shows improvement due to the debt retirement and what seems to be an uptick in work performed at ADEX. That might explain why this merger is taking so long to finalize. A positive change from 10K to Q1 would hopefully bump the price and keep the next RS to a minimal level.
Just unfounded speculation here.
Important info from 10k: "Our senior management team brings an average of over 30 years of individual experience across a broad range of disciplines. We believe our senior management team is a key driver of our success and is well-positioned to execute our strategy."
So it can't be a scam, right? They're key drivers. Driving right up the butt hole.
Now it's a 1:300 Reverse Split. Great.
Please! I think we could all use a nice $2 price target so we can get off this nauseating ride. I'd even take $1. Or $6. That's fine too.
I'm actually in the black today on the SGSI play but I have to make up losses from the failed ICLD Wavetech merger. Hoping for a spike on the $2 million payment news. Then I'm out of there too.
But if it takes more than a few days of stop and start lift off, I ain't waiting for $6. Especially since this is likely just paid pumpers doing their thang.
Oh no, the pumpers are back...
The plot thickens. Ponder died in 2005.
https://www.legacy.com/obituaries/stltoday/obituary.aspx?n=roger-leo-ponder&pid=15296939
True. Even worse the farther back you go.
It really just seems spiteful. They could have printed 150,000,000 shares for the deal, reducing SGSI ownership to 8% or something. Even then, current shareholders would get 3x or 4x current prices assuming a reasonable market would value a debt-free WAVE at 2x revenue (aka, $130,000,000).
Plus, Ponder and Hayter could have easily retired off a good deal. SGSI has assets. They could have gone for 15% SGSI ownership. Maybe 20%. Their 2,000,000,000 shares would have been worth bank. Now they've gutted their own easy paycheck and screwed over their employees for the new guys. Again, just seems spiteful.
Without the huge dilution and Reverse Split, the actual public shares of current SGSI non-insiders would have only been about 3%. Do they think 3% OS sold onto the market post-merger will tank the market cap, especially if they restrict trading for incoming WAVE holders? It's ridiculous.
Ah, no more Mr. Sandman.
Also, what was the point of giving employees all that stock? If it vests in 18-36 months then SGSI just gave their own employees nothing for services. It seems like this deal has been in the works for a while. Do Ponder and Hayter hate their own employees, too? Probably...
New AS = 1,000,000,000 and potential for a 1:60 reverse split.
"12,950,089 shares of Common Stock outstanding as of February 14, 2019."
Ya boyz got some proxy up
That's the formula the 8k said they would use to determine shares to be given to Wavetech.
So that's basically (assets - liabilities)/.15 .
If Wavetech has 130,000,000 in assets without debt, then the shares given to Wavetech would be 866,666,666. That's just not possible for many reasons.
But if Wavetech brings in maybe 5million in assets, then that would be about 2,000,000/.15 = 13,000,000 shares sold to Wavetech. That makes a lot more sense, and it would put the OS (debt free) at 22,000,000. Great for everybody.
I got the 2,000,000 from 5 mil Wave assets + 14 mil SGSI assets - 17 mil SGSI liabilities. It's an estimate.
But the last quarterly report listed SGSI assets as $12million. Add TNS, which is maybe $6million? Do you really think WAVE has $110 million in assets? It's only taken on $4.5 million in capital raising. That would be a crazy ROI.
Or they're talking about the "agreed upon" Enterprise Value, which would not indicate $130million in assets.
As you say, market cap should be $100 million but that's a trading value based on their 2x revenue standard, not a book value asset valuation. Yes, with Wavetech bringing combined revenue to about $65million total, then we should be at about $130 million market cap, which would be the Enterprise Value if WAVE can remove all the debt.
Interesting we've dipped down to .15, which is where the 8k said shares would be purchased. High volume, too.
Yes, this is what I'm referring to: "...a number of SGSI Common Shares equal to the Company Net Equity Value divided by the price per share of Buyer at the close of trading on the OTCQB Venture Marketplace on the date immediately prior to the date hereof ($0.15 per share)"
Net Equity / .15
Unless Wavetech has 100million + in debts, 130million can't be the asset value.
That 8k has been out for a week. I thought we all had read it...
Also, I thought the 130 million was "agreed upon" Enterprise Value, aka, expected market cap (2x revenue) + debt. Not asset value. I'm optimistic on this play but I don't see how Wavetech can add 118million in assets to SGSI's 12 million.
I hope 130million doesn't mean total assets because issued shares for the purchase are supposed to be Net Equity/.15 . At 130million assets, that would blow the OS to kingdom come (and destroy any chance of uplist to Nasdaq with a $4 share price).
That's my interpretation at least.
That said, I also think we'll see a meaningful debt reduction that will get SP to a normal sales multiple. Let's get that bread. Or carrots if that's your thing :)
InvestorRelations@SpectrumGS.com
Investorelations@...
More good news. I tried emailing IR at Spectrum because Wavetech isn't on their list of subsidiaries anymore. The IR email doesn't exist and my email bounced. Whelp...
There's actual analysis in this post, not just a PR repeat. "A partnership with WaveTech can significantly reduce or eliminate costs associated with battery failure, reduced life expectancy, electricity usage, and environmental control." Key word = partnership
Wavetech isn't trying to sell "products." Most technology is useless without a services component. Wavetech emphasizes its services. The past 4 years has likely been spent on developing service integration for niche markets (telecom, auto, data). It's a very good thing we can't find the BEAT on Amazon. We should be cheering.
You can develop a combustion engine, but if you don't put it in a car, it's useless. Tech development companies seem notorious for missing that crucial link between "working tech" and usable tech. You patent core tech. But you don't sell core tech. After developing core tech, you develop the applications, which aren't always patentable. What are they going to do, patent SDN systems? Of course not! Patent integrations with other battery products that other companies own? No.
Google "SDN energy efficiency for telecom" or "SDN energy efficiency provider service for telecom." It's almost all white papers and research. This highly suggests a new product and new market that Wavetech can monetize. I'm not saying they're the only player. But there's potential with SGSI's current telecom customers.
Under these assumptions, the Wavetech timeline makes sense. Maybe they were delayed a year on their IPO but so what? That happens all the time in business. Why make a major leap to major corporation when you aren't on an established US exchange? Build up cash. Develop partner relationships without committing too much capital. Then pull the launch trigger once the IPO happens and you can more easily raise the capital necessary for financing large, profitable service campaigns.
If Wavetech includes its energy service as passive "add-on" for SGSI contracts (without spending a ton on active marketing) it could very well see profitability. If its already profitable ala the ABC equity post, then everything down the road is just icing. The bar isn't high. At these levels, a break-even/reduced debt company would bring a great ROI. If anything, play the pop on the shiny new merger financials and get out.
Not sure what all the doom and gloom is about. If the merger details/next quarterly report look like garbage, then by all means get out of this stock. And I understand that some longs here need a 500x increase. But for others who are newer, we're currently following a little-known stock that has probable upside.
I'll buy a ticket. I'll also ghost write your memoir.
I'm not sure that's a good thing. Sounds like they want to cover something up.
It's a translation for projected revenues.
More actual contract/sales/partner news from 2015, which indicates a lot of testing began at that time lasting for 2-3 years.
https://translate.google.com/#view=home&op=translate&sl=auto&tl=en&text=WaveTech%20%CC%81s%20Marktpr%C3%A4senz%20nimmt%20weiter%20zu%20%E2%80%93%20rosige%20Aussichten%20f%C3%BCr%20das%20erste%20Halbjahr%202015%0A%20%20%20%20%0A%0AWaveTech%0ADas%20Unternehmen%20WaveTech%20blickt%20auf%20eine%2010-j%C3%A4hrige%20Geschichte%20mit%20intensiver%20Forschung%2C%20Know-how%20und%20Entwicklung%20zur%C3%BCck.%20Die%20Patente%20der%20WaveTech%20f%C3%BCr%20die%20CCT%20sind%20in%20120%20L%C3%A4ndern%20gesch%C3%BCtzt.%0A%0A%0A%20%20%20Das%20Rheinbacher%20Unternehmen%20WaveTech%20bekommt%20immer%20mehr%20Aufmerksamkeit%20und%20Akzeptanz%20bei%20internationalen%20Technologie-%20unternehmen%20aus%20unterschiedlichen%20batterieintensiven%20Branchen.%20Ein%20wichtiger%20Punkt%20ist%20die%20Teilnahme%20an%20wissenschaftlichen%20Kongressen%2C%20wie%20im%20letzten%20Newsletter%20beschrieben%2C%20um%20die%20wissenschaftliche%20Akzeptanz%20nachhaltig%20zu%20steigern%20und%20das%20Potential%20von%20WaveTech%20%CC%81s%20Schl%C3%BCsseltechnologie%20aufzuzeigen.%20Auch%20f%C3%BCr%20die%20Batterieindustrie%20ist%20WaveTech%20%CC%81s%20Crystal%20Control%20Technology%20(CCT)%20nach%20zahlreichen%20Teilnahmen%20an%20wissenschaftlichen%20Kongressen%20im%20Fokus%20f%C3%BCr%20neue%20Zukunftsperspektiven%2C%20um%20Batterien%20den%20steigenden%20Anforderungen%20nach%20Leistungsf%C3%A4higkeit%20und%20Lebensdauer%20gerecht%20zu%20werden.%0A!Die%20aktuellen%20BEAT-Produkte%20sind%20derzeit%20bei%20elf%20Batterieherstellern%20im%20Testprogrammen%20mit%20Laufzeiten%20zwischen%2012%20und%2024%20Monaten.%20Bereits%20drei%20Hersteller%20haben%20positive%20Ergebnisse%20beim%20Einsatz%20von%20CCT%20gemeldet%20und%20die%20Leistungssteigerung%20und%20Verl%C3%A4ngerung%20der%20Lebensdauer%20best%C3%A4tigt.%20Es%20ist%20zu%20erwarten%2C%20dass%20im%20Verlauf%20des%20Jahres%202015%20mindestens%20ein%20Batteriehersteller%20die%20integrierte%20CCT-L%C3%B6sung%20BEAT%20300%20in%20sein%20Produktsegment%20einbindet%20und%20damit%20WaveTech%60s%20Wachstumsstrategie%20und%20Marketingaktivit%C3%A4ten%20nachhaltig%20unterst%C3%BCtzt.%20Neben%20den%20bereits%20laufenden%20Testprogrammen%20haben%20auch%20weitere%20Batteriehersteller%20das%20Interesse%20an%20Kooeprationen%20signalisiert.%0A!Aber%20auch%20f%C3%BCr%20die%20Forschung%20und%20Entwicklung%20neuer%20Speicher-%20l%C3%B6sungen%20im%20Batteriemarkt%20f%C3%BCr%20STOP%20%26%20GO-Batterien%20f%C3%BCr%20die%20Auto-%20industrie%20und%20bei%20der%20Entwicklung%20von%20neuartigen%20Carbonbatterien%20ist%20WaveTech%20mit%20Batterieherstellern%20im%20Austausch%20und%20Gespr%C3%A4chen.%20Durch%20die%20wissenschaftliche%20Akzeptanz%20der%20CCT-%20Technologie%20k%C3%B6nnen%20mit%20diesen%20neuen%20Entwicklungszweigen%20im%20Batteriesegment%20weitere%20Umsatzpotentiale%2C%20mit%20der%20M%C3%B6glichkeit%20als%20First%20Mover%20zu%20agieren%2C%20geebnet%20werden.%0A!Insgesamt%20hat%20WaveTech%20weltweit%20derzeit%20etwa%20200%20wichtige%20Technologieunternehmen%20in%20einem%20Testprogramm%20mit%20CCT%20und%20den%20BEAT-Produkten.%20In%20den%20n%C3%A4chsten%20sechs%20Monaten%20erwartet%20WaveTech%20nach%20Ablauf%20von%20Testprogrammen%20den%20Abschluss%20neuer%20Auftr%C3%A4ge%20und%20die%20Gewinnung%20von%2015%20bis%2025%20neuen%20Gesch%C3%A4ftspartnern.%20Hierbei%20ist%20das%20weltweit%20ausgerichtete%20Vertriebsnetzwerk%20wichtig.%20WaveTech%20ist%20in%20%C3%BCber%2060%20L%C3%A4ndern%20mit%20Partnern%20vertreten.%0A!In%20den%20vergangenen%20Wochen%20und%20Monaten%20konnten%20wieder%20wichtige%20WaveTech%20News%20Februar%202015%201%0ATHG%20GmbH%20%26%20Co.%20KG%0Aneue%20Vertr%C3%A4ge%20geschlossen%20und%20Partner%20gewonnen%20werden%2C%20insbesondere%20aus%20den%20Bereichen%20Telekommunikation%2C%20Transport%20(LKW%2F%20Busse)%20sowie%20dem%20Segment%20OEM-FIT%20(komplette%20Integration%20von%20CCT%20in%20technologische%20Produkte).%0A!Telekommunikation%3A%0ANachdem%20WaveTech%20bereits%20im%20gr%C3%B6%C3%9Ften%20Telekommunikationsmarkt%20der%20Welt%20Indien%20erfolgreich%20aktiv%20ist%2C%20konnte%20eine%20weitere%20wichtige%20Kooperation%2
http://mailing.wm-ag.at/downloads/wavetechnewsletterfeb2015.pdf