New Technology Acquisition Holdings (NTAC)

[Renegades17]

Probably waiting for audited financials


The CEO has repeatedly said they're working on audited financials, which is very important. I imagine there's foreign investors like his partners in Turkey that need to see those before buying stock.

As far as a RS, it doesn't make sense at anything close to the current price. There's only 65mm shares outstanding and the company doesn't need capital for its current operations (it is cash rich with no debt). I'm sure they'd like to raise some capital to do more deals (would be accretive to the share price), but not at the current valuation. If the stock trades at $2-$3 (one could easily argue for that price NOW based on PE multiple of 6-10x), then a RS might make some sense to enable an uplisting.

This stock is plagued by poor IR, but the company has been more communicative in the past couple of months. I've also noticed a change in tone as they are less combative with investors and more conciliatory. That said, they need to get the audit done and produce more detailed financial statements.