Thanks rumark, just went through the call transcript.
A few thoughts of pure speculation coming out of that and new FPVD 10-Q:
*Based on latest update, seems very likely BigT will be acquiring a company in the upcoming weeks ("transaction" timeframe provided by Miglino). This fits with all new FPVD filings in past 2 quarters now referencing M&A as key to strategy and even the very first risk factor has changed to M&A risk in S-1's. Also fits with employee inconsistencies, perhaps (see below).
*Stock for stock acquisition will lead to SRAX dilution under 50%. Also expect some recap in parallel -- reverse split and/or shares retired.
*My guess is FPVD will acquire a blockchain platform company to get BigT platform/marketplace to market quicker.
*As part of the transaction, we may then see new crypto and tokens announced and then launched in parallel or at a later date. Since there hasn't been S-1's to connect the shares to crypto or tokens, still not sure how this ties together to market cap. Perhaps they'll announce now and file/launch later.
*Note that FPVD's S-1 became effective recently -- and much earlier than expected per Miglino's comments in Q&A -- but there doesn't seem like much selling since then. That would suggest insiders expect the price to move up.
Misc notes:
*SRAX continues its comments that the current $750M valuation of their FPVD shares is admittedly high (read: atmospheric). Of course, we -- as in those of us on this board with the blockchain/crypto theories -- are all betting on the market sustaining and growing FPVD share price in light of blockchain/crypto play.
*BigT's full-time employee count has a lot of inconsistencies between the last several filings:
-57, with 1 in exec mgmt (as of March 31, 2021; Q1 10-Q)
-58, with 1 exec (as of June 30, 2021; Q2 10-Q)
-87, with 7 execs (as of July 14, 2021; S-1)
Hmmm. 30 new employees in 2 weeks. Maybe this portends post-acquisition FPVD will be largely filled with targets' execs? Doesn't fit with transaction timeline if deal hasn't closed, but certainly interesting data point here.
