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$128m revs, profitable, only 11m mcap, good ss, uplisting...good combination
GIven the rapid rise, I suspect there are those who are tempted to get in on the drop, but may not have a good sense of how far the stock can go so they may be hesitating. Volume is lacking still at this stage imo for that reason. Without solid numbers nobody can say but certainly projections can be made on some reasonable basis.
Obviously stocks in this range and with this float aren't simply driven by fundamentals. But the PE and PS ratios can be used to derive a likely base price so that those hesitating can see that the current price is way undervalued without even taking the float into account..
What PE ratio is reasonable for a company like DELX given its market? 30? 50? What PS ratio is reasonable? 4? 2? some combination of reasonable ratios can be used to calculate a reasonable ending price which may help convince those who are hesitant to make a move Just a thought..but I may be off and it may mostly be about momentum and positivity..
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how much remains of the remaining conversions? Did they convert a bunch just before Sep 16, and those can be dumped onto the market? How can we know one way or the other?
The 8k says this:
Effective September 16, 2024, each of the Lock-Up Agreements was amended (the “Lock-Up Amendments”). The Lock-Up Agreements, as amended, contain the following terms and conditions that relate to all of the shares of Company common stock underlying all 1,217 outstanding shares of the Company’s Series B Convertible Preferred Stock and all outstanding Company warrants (the “Agreement Stock”):
(a)the Agreement Stock may not be disposed of in any manner during the period from September 16, 2024, through November 15, 2024 (the “Lock-Up Period”);
What convertible debt? Wasn't it all changed to preferred shares?:
Lewrock I was always honest about this company and about my intentions.
I even said in the post referenced early on in the original red flags link as to 'why' this:
This narrative from you is false. I've always challenged the board to refute the conclusions I come up with, which I base on the facts.
What is 'going on' is the company is dangling carrots while the scientists try hard to progress the technology and get the attention of the industry. My accurate predictions would be hard to explain if I didn't have a decent sense of what was going on. If you missed them you can find them in the latest red flags sticky.
Most on the board instead decided to either attack me or to ignore what I post to their own peril, and to only read the grossly misleading responses to my posts, fueling more false impressions.. The latest sticky is a great example of this decision to disengage - no one has tried to refute a summary of the newest red flags over the last 12 months.
I posted very negatively for a long time because my focus was on the near term odds of success and I only saw evidence pointing against that success. I rarely balanced it with the positive for that reason. I decided early on that it was going to take a lot of work to try and offset the constant posting of dreams and exaggerations here, especially by the cut and paste man, whose actions I despise. And I get offended when I feel like a company is misleading me since my money is at stake so despite the possibility they might succeed I felt this company doesn't deserve the rosy scenario they projected (the huge bonuses were a big part of that decision) .
My motivation was to balance the overall message so that the market could see the reality and perhaps the price would drop to a level that I could consider as a reasonable speculative buy. But I always tried to tell it the way it is. Over time my interest in buying at the 'right price' waned as more and more misleading comments emanated from the company while they continued to miss their own targets. As negative as I am, they have made some strides and I think are beginning to be taken more seriously, but we still can't see behind the curtain much and I suspect it's going to be bumpy for a while and after that who knows if they will find acceptance given the complexities and all of the competing and alternative technologies?
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Newbies, you won't get the truth from longs here.
You just won't. You'll get a mixture of dreams, connect the dots, and re-writing of the sordid history of repeated projections for commercialization or deals every year of their public existence.
While the company is making strides, the 3-5 year timeline from 1 1/2 years ago was just repeated in a major article specific to modulator technology -- which tells the story along with the price of the stock that this is so complicated from both technological and competitive standpoints that even the experts in the industry can't project out with any accuracy..and it really does beg the question of why in May 2023 the company projected 7900 transceiver units by year end 2024 when they hadn't yet gotten a single 200mm wafer working yet over a year ago, and no demos units had even been created yet - and still haven't!
This isn't bashing. This is reality.
Read the second Sticky Post at the top if you want a more realistic picture.
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Xena “facts” badly misunderstood here.
Consistent retail ownership pct means little.
Some here mistakenly think that implies some kind of stability Or proof of commitment.
Bad logic. So so misguided.
Retail sales to other retail. Sometimes the first person in retail buys it back at a lower price. We’ve seen how News crushes or spikes the price. That’s retail trading amongst themselves while keeping the percentage the same.
Price stability would be much more meaningful
Here’s a fact no one has commented on: the article MDK1 one posted yesterday said 3 to 5 years. That’s what Andy said a year and a half ago. Might that not indicate how slow the rate of adoption really is? Until they’re ready they’re just not ready folks. No PIC is ready. This technology is 100 times more complicated than the board seems to think.
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thanks for the correction - I conflated 20 days with Sep 20. I apologize for the error.
More time for a move before that kicks in than I had though.
Good luck to all.
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with only 1 more week before the AS goes up another 2.5B time is limited for a move on news.
could happen, but the volume the last few days has been down dramatically.
I think people were initially excited about the end of dilution along with lots of big news ahead,
but that's not the case now after their reversal on that, so not as sure about this one anymore.
I guess the question now is whether the big players can push this on news without the hope or expectation of ending dilution from note conversions. Other opinions are welcome.
Thanks for the work you have done here Humbert - exciting times ahead.
Rare to have a real acquisition with a company this size, revenue this size, and - we think - quite profitable, and so tightly held! The low float with all of that is very exciting.
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I don't think so. There was immediate questioning and dislike by quite a few 'true longs' on the board - and the consensus was that they would have taken those only if there was a very large deal in the works, and so expectations were high for a deal to be announced at the upcoming 2022 ASM.
Remember, that $5.2 became known only a few months after the directors all sold their shares near peak levels in early 2022 for millions, which contributed to a fall from upper 18s to 7 in a month! People were shocked and that affected how they responded to those $2.6 million bonuses. I quoted some in the first red flags sticky post here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172611173
When the longs then saw the $5.2m they couldn't imagine it being a money grab by the top 2 guys without something major to show for it coming up since nearly a year had gone by since expectations for large near term partnerships for 'massive commercialization' had been raised during the now infamous 2021 ASM.
It was only later when it didn't happen those 'true longs' rationalized in ways such as you suggest.
Steven, is a long shot that is presented as a sure thing not a sham if they are really trying?
This was presented as a sure thing some 15 years ago, and each year since then.
Can anyone now say it was NOT a long shot 15 years ago?
How could they know 15 years ago? The fact that they projected huge revenues in 2011 etc.. shows that they did not know. We learned just a few years ago that the material simply wasn't good enough when we saw the graphs showing stability of 5 series of Perk over the years.
How could they know in 2021 when so much work had to be done still?
How can WE know now that it still isn't a long shot?
My only comment on KC's presentation is that materials being ready is great, but that's far different than PICs being ready, which they aren't.
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Hokie - some undecideds may need some price projections here based on reasonable numbers.
Is that something you would do or do you feel it is too early not having the actual numbers yet?
4s support dwindled to zero and the bid moved to 3 yesterday
but then the tweet came out about an update next week on the acquisition of the gift card company (I assume)
and Berk showed up - he has a nice following, so 4s regained strength.
But man oh man the chart really tells the story re expectations and fulfillment here -- so the new trading range is almost back to where this all began.
Posting has died out dramatically along with the drop so dips into 3s are possible especially if we get several days of nothing,
but could be the crew will be able to keep hope alive until that announcement next week.
always intriguing in penny world..
I'm just recapping. 4s are a safer bet, but 3s - maybe even 2s can happen - especially if the dilution from the company continues
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internet phone and gift cards had their boom 5-10 years ago..but if the companies are well run then who knows? Just would be more of an exciting play if they were pursuing futuristic companies.
Dr Lebby would be in serious violation of SEC rules if he told you anything that could affect the share price. That includes winks, nods, smiles, tics, and finger gestures.
May I ask your purpose of meeting with him? I hope if it was for your peace of mind, you came away satisfied that you haven't - as you put it - 'wasted' all of these years.
Feel free to share your 'take' with investors secretly so as to prop up their hope. It's probably better to not share those with the skeptics because you know it will be of no value. Again, if Dr Lebby shared something illegal - you would be well advised to keep that entirely to yourself.
What I'd really like to see is a report from an analyst who Dr Lebby is willing to meet and go on the public record with for 1.5 hours. The company should stop relying on non-professional methods of propping up shareholder hope, if that's what he was doing.
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Some may like this, some may not.
Maybe I'll cut and paste this every day since 'you know who' is avoiding it like the plague because it is HONEST and doesn't jive well with its narratives:
KCC wrote:
Maybe it changed It was over 270 million shares an hour ago when the bid on fours went to zero.
Things can change quickly here, and not all bids are legit of course
a lot more bids on .0003 will be interesting to see if 4s will hold
I meant when this all started - back in Aug:
it's a threat. Company said no 'intention' to the RS, but that is now meaningless.
imo super short term is the only way to go here now.
The company came across as so sincere and respectful toward shareholders - that trust is now mostly gone unfortunately.
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it was a pump and dump, but long term they may actually pull something off
but there is no denying the shareholder got screwed with the AS increase and the share price shows that.
The hoped-for end to dilution - which I think was the reason this got so much traction in the first place - appears to be dead now though.
I encourage ALL discussion -- positive and negative - about the company.
The fact that you feel the need to brag and to put people down for telling the truth and calling out bad behavior by a company speaks volumes.
I'm done with you.
I haven't read any lies from you but you are busting Vyper's chops for pointing out that the company lied - and making it sound like it was just part of 'business'.
Well, a company should be very careful when they communicate to shareholders about the number of shares - as that directly affects their share value - as we have just seen this week . It sucks.
You should not try and support or defend what the company did.
It was wrong.
That's all I'm saying. Let's move past this now. I don't want to discuss it any further. If you still don't agree with what I've written, fine - that's what makes the world go around.
no, that's wrong. I didn't make a mistake. I got out at 6 and 7 yesterday when I saw the company lied.
I"m not bashing and I'm not "busted". I'm telling you Vyper was right and you should shut up about him.
Unlike you, I don't try to mislead people to make money. I think it's possible to do so by telling the truth.
There are reasons to buy and maybe .0004 is a good value. Time will tell but the story HAS CHANGED.
If you can't see that it's your problem.
I'm looking to buy lower as a potential very short term trade and I"m not going to sit here and listen to you spew garbage. I prefer this to trade based on the actual facts and not garbage. Good luck, but keep it real dude.
Viper is right - the assurances from the company to shareholders were broken.
This company has horrible finances and those assurances were the only reason to give this a chance. take a look: https://www.otcmarkets.com/filing/html?id=17782251&guid=aXL-kerCXq9pJth
The convertible refinancing so far doesn't seem to have slowed them down, and the AS was increased by 2.5 billion shares one month after telling shareholders that wouldn't happen.
The CEO brought in was a disappointment - his company is now bringing in less than $5m in revenues and ASII is paying him a teachers salary.
The gift card distribution biz is not all that exciting either.
The prospect of a reverse split is very real and assurances that they don't intend to have one are meaningless now.
Trading-wise this is likely to bounce between ranges for a while as some unwind their positions and await signs that they won't be screwed over in the short term.
The 10 day period prior to raising the AS is a potential opportunity to make some money if the current AS is finally hit, but the window is quickly closing there.
Good luck.
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a locked float can defy all expectations -- 2x can become 20x, 5x can become 50x if there is something real here, and from all appearances this is very real.
Yes, and with plenty of lead time before the numbers are revealed this could really end up being a monster play.
that's what can happen with this small a float - the story has weeks and months to unfold as numbers are still not released - just think of where this can go..
yep that is the point. already was suspicious with the ambiguous convertible changes, but this is indisputable
A locked float can do wonders..
AS doubled in today's filing after saying this on 8/5:
confused: same day - aug 12: https://www.otcmarkets.com/stock/KGKG/news/story?e&id=2946386
Bemax Inc. Completes Acquisition of Kona Gold, LLC
Newsfile Corp.
Newsfile Corp
Strategic Move Solidifies Bemax's Position in the Consumer-Packaged Goods Market
Dallas, Georgia--(Newsfile Corp. - August 12, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is proud to announce the successful completion of its acquisition of Kona Gold, LLC from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This acquisition marks a pivotal moment in Bemax's growth strategy, significantly enhancing its product offerings and expanding its market reach within the Consumer-Packaged Goods (CPG) sector.
Dr Connelly just resigned effective 8/22, as director for a large company in India.
Maybe he needed/wanted a new gig:
https://in.marketscreener.com/quote/stock/GRASIM-INDUSTRIES-LIMITED-33647063/news/Grasim-Industries-Limited-Announces-Board-Resignations-46837879/
He is also 1 of 8 directors for Novelis
He and Mr LeMaitre are solid additions to the directors.
out for one reason - 8/5 PR said AS would not be increased, and today they filed to double it.
Hitting the AS cap was the main reason I was in this for the very short term.
..Good luck - this could still have many catalysts going forward.
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BNCM. That float could cause a major squeeze when the details come out.
This acquisition is the real deal - not some $3m 5 person company..
Hokie has some very good DD on it.
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Marco, that’s not what I said. Go back and read my post. It said nothing about me. I was talking about misinformation and the willingness of some to not only to tolerate it, but even applaud it. Most people understand that that’s unethical.
Year after year, time after time false narratives have been formed here And great expectations from those narratives when those narratives have no connection to reality. When those expected events don’t occur, they aren’t admitted - no self reflection happens. Instead they just get ‘forgotten’ and replaced with a new expected event. The lack of accountability betrays a lack of sincerity.
As I said, 13 years of this deceptive behavior and counting…
No accountability. No ethics. It’s wrong.
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