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3 business days until October 1st when the $QIND / $ASNS deal is targeted for signing and closing. The valuation for QIND will be shown in the agreement. Up next: $DRCR, $SAML then $ILUS
Shareholder value is a high priority for him so I'm not worried. But clarity would help the stock price. I've bought some down here and it should pay off well.
https://discord.gg/fsCp42RB
DRCR discord.
Yes, I suspect that language has caused the decline. James in a discord said "Shareholder value has always and will always be our priority. Majority of Nick and my stock will remain as convertible preferred in SGN as well."
DRCR gets 19.99% of common in SGN. The rest are convertible preferred. We know that they will convert to gain control of SGN. My guess is that they will just convert some and the rest will remain as preferred. I think they will address this as I do believe that the fully diluted language has caused the decline.
James has said that most of the preferred will not convert. They need a valuable stock so that they can use that for acquisitions. James has been remarkably reliable and can be trusted.
The deal is very similar to the QIND/ASNS deal. In that case QIND has no preferred shares at all. So. clearly the are uplisting with the idea of making QIND stock valuable. It is the same with DRCR/SGN. We don't have to worry about preferred conversions.
They key thing is that DRCR was given a $156M valuation. That's huge and given that the current MC is $4.4M it indicates that DRCR is massively undervalued even if there is some concern about the preferred shares. The valuation not only serves to set the split of shares between the two companies, it serves as a target MC. These valuations are shared in the investment roadshows that they do and they get buy-in from these firms. They usually have a loose commitment to invest which should drive the post merger MC to the sum of these valuations. Seems like easy money to me. I am very bullish.
The $DRCR $SGN deal shows that Nick can get a big board merger done. Of course, it still has to close. Next up is the $QIND $ASNS merger. It will actually close much sooner (Oct 1), but we don't have the details yet. QIND isn't moving on today's news, but IMO, it should. Nick and JP have stumbled some over the years, some, but they are persistent and they are at the phase where they will be bringing shareholder value now.
For certain. There is no way that this is not related to the merger. This is a clear indication that it is going forward.
Yes, they filed a 10-QA. The first one was unreviewed. This was was reviewed by the new accounting firm. They did that pretty quickly. The biggest thing was the addition of what the "certain conditions" were. To me it seems that QIND and ASNS have reached a deal, but that they need the lawyers to provide their comments and they need to agree to which fairness opinion provider will be used. These are pretty small hurdles to clear. Let's hope they clear them by tomorrow (15th). If they confirm that on Monday then QIND could really continue the rally we saw on Friday.
Someone on the discord pointed out some good things about $QIND. Why would they issue an 8k yesterday appointing appointed Sanjeeb Safir as a QIND managing director. Previously he was Al Shola Al Modea Gas managing director. The Al Shola deal acquisition is getting paid in National Exchange listed stock or cash, but we know that they don't have the cash. So, they will be paying in NASDAQ stock ($ASNS) and thus the ASNS merger must go through in order for the Al Shola acquisition to be paid. So, this 8k signals that the deal is agreed to! It's done.
Otherwise, why would this guy accept a role that wouldn't exist or would be meaningless unless the deal is completed?
Also, the payment of stock is due the quarter after an uplist. So, closing it on October 1st delays that first payment by 90 days.
Some are predicting that $QIND goes to $2 after the deal is announced and while it is still trading on OTC. Seems high to me, but I'm sure that it will be trading much higher than $0.07 in the near future.
"The Parties continue to work towards the completion of the transaction in the soonest possible timeframe."
I think Nick and JP do their best to give as much information as possible while maintaining the vagueness that is legally necessary before an event such as this.
What is the soonest possible timeframe? I think it is when the latest extension expires which on August 30. So, that is my expectation.
QIND, ILUS and SAML financials (10Q) are due today. the financials may have been a necessary filing prior to the merger deal.
It is possible. Hopefully they get it done this week.
If either party didn't want the deal to go forward, they would have known by now and would have ended it. They haven't, which likely means it will get done. Why the extension? probably to hammer out the final details or for lawyers to do their thing.
There was an ASNS filing extending the agreement for 2 weeks to August 16. https://www.sec.gov/ix?doc=/Archives/edgar/data/1141284/000121390024064857/ea021053801-8k_actelis.htm
I still believe they are in the home stretch of a deal. In fact, I bet they have it "done" and they are just waiting on the lawyers to give it their ok. If so, we should get an announcement well before the 2 weeks pass.
If they were going to extend again, they would have by now. (They did the extension early last time). If they were going to abandon the deal, they would have known and would have issued an 8k. The only other possibility is that they are in the home stretch of a deal. So, I like our chances at a deal, even if it takes until Monday to find out.
the risk is in whether they come through. I agree. Because if they do, it really is easy money. We should know soon.
QIND is about to announce a merger deal with a NASADAQ stock and this board has zero posts in the last week. Hard to believe. Aug 2 is Friday. They will sign before then. They gave themselves a short extension because they knew they only needed a short amount of time. Seems like easy money to me.
"you're". ha ha. Learn some English and then revisit the board....
Sounds like a compliment to me. Thanks. QIND merger happens this week based on the revised timeline.
I think the reverse merger deal with QIND will give the ASNS stock a good long term future. I expect it will help in the short term, but I can't say for certain. QIND has other acquisitions lined up that should really boost the revenues.
$QIND & $ASNS Transaction Update: The parties signed an Amendment to the Binding Term Sheet, extending the non-solicitation & no-shop periods through to the end of August 2, 2024, unless otherwise mutually terminated. All other terms remain unchanged & in full force & effect.
— Quality Industrial Corp. (@QualityIndCorp) July 19, 2024
What a waste of a board.
Who benefits from a high share price more than anyone? Nick Link is the answer. He owns the most shares. He hasn't sold any of his stake. That's zero. He is strongly motivated to see a higher share price. Whether he can do that is another matter. I think he can. The QIND deal will close soon and that should help.
I like listening to bears when they have thoughtful ideas. But when they bash companies or posters without anything useful to say, I use the mute button on them.
$QIND is closing in on its deal with ASNS. This will be the 2nd step towards them becoming a big board stock. The 8k should have the valuation of QIND that was used in the deal according to JP. That ought to reset the stock value partially.
$QIND is on track to complete the merger deal with $ASNS. If it had fallen apart they would have had to issue an 8k within a few days. They haven't so, it is on. If they don't finish by 60 days (July 22), I'm sure we will get an update from the company. The reset in value for QIND isn't far off.
You have offered nothing substantive in your posts.
What a worthless post.
It is 6 months *or* an effective registration statement whichever is sooner.
Yes, lack of capital is a big deal and that is why they are getting to the big boards. Once QIND is on the big boards, ILUS will have capital that it can use.
As far as the ERT companies getting orders:
1) He said that they don't always have the capital to fulfill the orders (sadly). Costs money for inventory and manufacturing and then there is a substantial delay before they get paid. takes money to make money.
2) As for PR's, he did acknowledge that they could communicate better, but at the same time he said they are trying to act like a big board company who typically don't PR orders.
Regarding Replay: This has been a point of confusion and they should clear it up. My understanding was that the kept the US rights to replay, but sold off the international rights to CGRA.
I unblocked you.
Some notes that I took from Nick's vodcast on Friday. Things look good for $QIND.
I just finished watching Nicks vodcast. While there was a fair amount of macro items discussed, I felt there were some valuable things discussed regarding ILUS and the subsidiaries. He spoke in someone general terms, but it seems pretty clear that the things he described in general were things that they were actually going though. A few notes:
For the QIND subsidiary the valuation of that subsidiary is going to come out in the next few weeks as we get to the closing time of the ASNS deal which will be in the 8k filings. No headwinds and no issues with us moving towards closing that deal. The QIND business on its own is valued North of 50 million and its MC is 7 M.
We maximize the valuation on QIND and we grow that business out as fast and hard as we can within the constraints and the capital we have.
Both Georgia and Bullhead and Firebug have more orders than they can deliver due to capital constraints (he describes the reason for these constraints)
QIND is north of 30, 40, 50 up to 60 Million in valuation. SAML is probably not far off that because it's got a massive technology play and its got valuable patents.
Haven't pumped in any money into Eraptor and replay. These two could be worth double all the rest. I think he was referring to the rest of the SAML businesses.
Regarding QIND: We are in line with the QIND timelines in the 8k. The light at the end of the tunnel is really close. ILUS will then have liquid capital.
Don't have to deal with FINRA on the bigboards. (FINRA seems really incompetent was my view on his description)
He then spoke about organic S1 uplists vs the route they are taking. It was very interesting.
float criteria is higher on S1. Have to have $50 million of float. For OTC uplist, that requires raising of capital as an OTC via S1. That is difficult. Organic uplisting process is fragile. RTO - now is becoming a NASDAQ/NYSE thing because there are are 700 facing delisting. That company may say that they may be better off as a private company. (54 minute mark). Those companies are looking for someone to take over their vehicle and to become private. So, it appears that the ASNS business would become private (my speculation).
Once registration is up and they are in the driver's seat. (56 minute mark) they will quickly close the deals they have lined up.
Don't want to create a mess with their registration statements by doing the deals prior to uplisting.
capital is able to be taken down during the deal and not necessarily at the end of the deals. So, perhaps they are doing an offering prior to when ILUS converts their ASNS shares
It appears he will talk about ASNS deal at a later time.
Still will be a shareholder meeting once they have transparency on the ASNS deal and for other vehicles.
What is your X/twitter handle?
clown.
There is no nose dive currently going on.
I suspect we will get a filing or PR tomorrow ahead of the Live Stream by JP and Nick. It could change the trajectories of these companies.
Live stream with Nick and JP regarding ILUS and QIND. Thursday 5 PM EDT
https://www.youtube.com/live/aKctJ9V3KEk
I think the valuation has already taken place and it isn't based on the stock prices. I think ILUS/QIND wouldn't have entered into the agreement unless they were happy with the valuation that they receive.
ASNS had a PR afterhours and was up about 150% approximately. Hopefully that will spill over into QIND and ILUS to some lesser degree.
ASNS had a PR afterhours and was up about 150% approximately. Hopefully that will spill over into QIND and ILUS to some lesser degree.