My SPCL speculation: I'm probably 100% wrong, but who knows.
Pixel Mags has recently become part of Solaris Power Cells, Inc. but continues to function as an independent entity. - March 2017 tweet
The Pixel Mags financials are not published for a reason - I think it all has to do with a Super 8K - In my opinion, I think Oreva and all of the Vert Capital investments are involved - One big media corporation with lots of room for growth - listed on the Nasdaq.
In my opinion, the April press release was more than just a cute 4-20 reference; perhaps it was a clue leading to High Times Magazine "Solaris Continues Plan to Roll-Up Undervalued Accretive Media Assets"; buying and then selling High Times magazine is what gives Oreva all of the money it needs to bring the media companies of Vert Capital under one umbrella!
After purchasing High Times, Oreva immediately sold this investment to Origo. That seems odd, there was a buyer just waiting around. Couldn't that buyer have picked up High Times a month earlier for a lot less money? Or, perhaps High Times was just a vehicle used to get the cash - it really is all about the money! (I think I understand where the deep pockets are coming from in order to fund this move to Nasdaq.)
Origo got the money to buy High Times from bank investments or private equity; after all, it's not their money, they have no assets! In my opinion, when the check clears from Origo, Oreva will have all the money to put on the show. I think what we are really waiting on over a year is from this money for the sale of High Times.
Also, In my opinion, there is a connection between Here Publishing and Pixel. After Oreva purchased Here Publishing, then, out of the blue, Pixel Mags sent out a retweet from Gay Times Magazine. Why financial gain would they retweet this? All year long, they have only been tweeting about they are the largest digital newsstand and what they can offer the consumer - it just didn't seem to fit the pattern.
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Santa Monica’s Oreva Capital Corp. has funded a management buyout of Here Publishing Inc., owner of media brands catering to the LGBT community, including The Advocate and Out publications.
The buyout represents another move for Oreva into the world of niche publications. In July, Oreva paid $70 million to acquire marijuana lifestyle magazine High Times. Oreva declined to disclose a purchase price for Here Publishing, but said it would hold a majority stake in the company with members of the management team as minority shareholders.
Oreva will rebrand Here Publishing as Pride Media Inc. and plans to build out the company’s Pride event series as part of its growth strategy, according to Oreva founder and Managing Partner Adam Levin.
AI
