i have not seen this kinda interest in srmx months.. iT looks like someone ,who believes the last few updates , took the .0002 offer of 200mm , and on the close of trading yesterday , there were 250 mm bid at.0002 and only 56mm offered at.0003..when i saw the .0002 offer shrinking ,i bought 30 mm to a so far losing position to bring my average down
Here are my thoughts
1 where there is smoke--volume , always precedes price --there is usually a fire
2 The company has a new lending source, NON DILUTIVE thru cascade .recently announced
3 max li , has substantial contacts in taiwan ,he has said so on many
occasions , ..maybe he leveraged those
contacts and has a new funding source , hence MORATORIUM on DILUTION
4 T mobile has their G 5 product on their web site ,maybe a broader
relationship is coming
5 Asian cultures are very familial..maybe Max , has a touch me feel me
product , that he can finally
demonstrate , and can bring to market with mass production , and has
convinced his TAIWANESE BUSINESS RELATIONS to lend without dilution..
maybe a shark tank kind of deal , based on ROYALTIES
6 there are several multi billion $ corporations in asia , that would
like
to replace China , as vendors of choice , now with trade wars on , and
new cold war starting
7 since Tricascade , .hence SRMX , has a relationship already with T
mobile
they might be leveraging to broaden their relationships in asia
8 from time to time Max has said , he has relationships w big elephants
,maybe that's finally happening..i looked at the top 5, FOXCONN,
PEGATRON ,TAIWAN SEMI, QUANTA COMPUTER , and COMPAL electronics , all
in communications , computers , or electronics..business opportunities
galore
9 management has lots of skin in the game ..over 1 BILLION shares of
out of 8.5 BB common OUTSTANDING , and the preferreds , so its in
their best
interest , to stop diluting
10 ADDITIONALLY, Alan Bailey , who has worked as CFO for a fortune 500
company , i think , would know enough to suggest
cancelling some shares of management , and to INITIATE an 18 month
CORPORATE BUYBACKS ,of a few Billions of shares , as money becomes
available , to SHRINK the shares outstanding , and MONETIZE corporate
VALUE ..at these rock bottom prices , it wouldn't take much money
Corpotate BUYBACKS, fueled a substantial portion of the bull market ,
from 2016 to 3/21/2020
these are just my thoughts, i do not know anything for sure ..i am
EXTREMELY bullish and getting more so..the
the risk/reward is MASSIVE..with ANY kind of MORATORIUM on dilutions . , CANCELLATION of shares , or STOCK BUYBACKS , or a COMBINATION OF
these , it would not surprise me to see , these UNDERVALUED
shares , IMO , trade to at least the last SPIKE OF .003 , or even
higher to .005 ..the stock was 8 c ,when they didn't have much of
anything , BEFORE the uncontrolled dilution started
