So I know a lot of people won’t agree with me here and you can call me a dreamer, but yesterday morning’s press release was absolutely huge surprise reverse merger play.
First off, a few still thinking this is a bodycam company, it’s not after yesterday’s PR. Feldman got it current as an SEC reporting shell(abnormal) to sell to the NASDAQ traded SRAX which is spinning off a portion of their business called BIGToken reverse merging into FPVD.
Still many people do not seem to understand BIGToken. It’s not a cryptocurrency to be binned with ripple, bitcoin, etc. Your data is worth money. Watch the social dilemma and you will see how your data is collected, used, and sold by giant tech companies. Your data is worth more than oil in today’s market. So BIGtoken is a novel way to take control of your data and instead of giving it away for free, you sell your data and you keep the money, rather than just agreeing to the terms and conditions.
It is an absolute stand alone product. In their Q2 earnings SRAX has been streamlining their business and has “secured some of the worlds largest advertisers in the world on the BIGToken platform.” They were closing in on $1 million a week last quarter. So they decided to spin off BIGtoken to focus on two separate entities. The app already has 16+ million users across the European Union, India and North America with plans to continue to rapidly grow.
So that’s BIGtoken which convinced the debt holders to delay diluting until feb 2021. They didn’t take the opportunity to cash in on shares during these wild rides. Dilution has not been turned on which tells me somebody thinks it’s going higher.
In fact over the past few weeks, some entity using the mm NITE and a hidden bid has absorbed millions of shares all the way up into the 5s. Like earlier posters are saying, this doesn’t trade like a ticker with 850 million OS when it starts to take off. So there is someone who thinks this will go higher. Yes it has been a flippers paradise helping to drive the crazy price action.
Now the hardest part, the AS increase. I normally agree that ridiculous AS means dilution, but 1 trillion, is absolutely comical. It’s so ridiculous it doesn’t make sense. In their own words in the form, it can be used as a form of defense against hostile takeover. They wouldn’t buy an SEC reporting shell to drive it into the ground, though I am surprised the support was so high this morning after the announcement.
As others have said the OS is what trades, and until we see dilution it will stay that way. Long story short, I see value here. I think we still should get out of trips. I am excited for the PRs to drop with the full BIGtokens plan.
