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Saturday, May 11, 2019 2:29:06 AM
When I went to bed the SP was down double digits and I was expecting to wake up and see it down just as much or more.
Congrats to those that stayed the ship but honestly I still have concerns so maybe take some of those profits as they can diminish very quickly. Don't get greedy.
Although I haven't read the 8-K entirely and thoroughly I did browse through it and the concerns I still have are:
- Still hard to believe the float is 27m. Where are the other unreported shares? OS is 647m. The CEO has 445m... so that leaves approx 175m unaccounted for.... Makes a person wonder where they are.
- The AS will need to be increased from the current 2 BILLION as the merger requires 2.6 BILLION to go to Samsara shareholders. That's a hell of a lot more shares than 657m.
- Then the RS will occur. Now I understand why the need for the RS since the OS will soon be much more than 2 friggin BILLION shares!
- My final concern I can't immediately identify is the success of Samsara. Exactly how much revenue do they really have? I saw a $2m number for annual revenue but I am unsure if that is even believable. However it won't be long until the real numbers will be reported to the shareholders when they have to start filing 10-Qs.
Good luck to all and do enjoy the ride as I really do not think it will go that high or be for a very long time until it comes back down to reality.
I know one thing for sure. This ticker will not be a zip code changer..... of course it might if the zip codes will be from the parent's basement into a trailer park or perhaps from one trailer park to another. Can you say 'double-wide'?
Recent SAML News
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 03:41:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 01:00:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/13/2023 08:48:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 05:48:18 PM
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