Simply Inc. (SIMPQ)

[jamesnames]

I think a deal with happen within a year.

In late 2013, IFON announced a deal with Ingram Micro, which led to the increase in price from 50 cents to over $4 within 150 days or so. They got out of the United States business in 2016, due to litigation expense (mainly). That litigation is now settled, freeing them up to sell to another company or continue on with the deal.

Ingram Micro was sold for 6 billion last year to a huge Chinese Company. Ingram Micro is/was also headquartered in Irvine, CA, right up the highway from Infosonics. Seems to me that there is a reasonable chance that the last year might be part of a plan to sell this company.


InfoSonics Strikes Distribution Agreement with Ingram Micro Mobility
www.infosonics.com/index.php/investors/press-releases/12-18-2013
Dec 18, 2013 - “We are very pleased to enter into this agreement with Ingram Micro Mobility to distribute our verykool® phones in the United States,” said ...


$6 billion deal: Irvine-based Ingram Micro to be sold to Chinese ...
www.ocregister.com/.../6-billion-deal-irvine-based-ingram-micro-to-be-sold-to-chines...
Feb 17, 2016 - Irvine-based logistics firm Ingram Micro Inc. will be acquired for $6 billion by Chinese shipping company Tianjin Tianhai, the companies said ...

https://en.wikipedia.org/wiki/Ingram_Micro


The timing of the above seems to suggest that for one reason or another, IFON got out of/suspended the Ingram Micro deal in order to facilitate the Ingram Micro merger. Their deal had to have played at least some role in the negotiations (IFON's deal). Also, it could be that IFON is free to work a new deal with another United States partner.

There are some positive events that could happen soon that could make sense in hindsight. Like, if the company were sold for $2 per share, that is easier to do when the price is under $1, as opposed to $3 or $4. And this new product launch is still likely to happen. I find it hard to believe that it was canceled, as they would likely have warned about that recently.

I see something big happening soon. And if you go back to 2014, when the price was $3 and $4 for many months, you will see that the company was not much different than it was today. Today they have a little over one million and cash, and 9.3 net working capital. Back them, they had about 2 million in cash and 16 million working capital. And they only turned a slight profit or loss back then, just like now. Yet, you get the shares today at just 10 percent of the highs of three years ago. Also, with a United States presence, that would likely boost the value of the company.

But even if they avoid the United States in the future, there is still a likelihood of a deal or partnership being announced this year. It seems to be time. There would be no reason to not continue with the United States, now that the litigation threat is gone. They could also license to numerous United States companies, since people are broke as a joke, and low priced quality phones will be more and more in play. Amazon has tons of good reviews, and many of those are from 2015, during the height of their US Sales. Youtube reviews show many demonstrations of the product with tens of thousands of views, with most of the Youtube reviews being from Latin America.

Have fun feeling regret when the big spike/news comes and there is no chance for you to participate without paying multiples of today's price. You know it will move too fast when the big news breaks. Don't say I didn't warn you. Just buy and sit back and wait.