Friday, August 27, 2021 12:46:37 AM
The wording/numbers do seem pretty strange and confusing. I spent a fair amount of time trying to figure it out, but I think I came away even more confused than when I initially started. Not sure what to make of that.
Having said the above, I remain extremely bullish on CXKJ after reading through this Q3 report. I think I mentioned in a previous post that I was looking to get a minimum of $2 per share on most of my position, and I am still sticking with that price area.
The usual risks apply here: escalating tensions between China and the United States, regulatory roadblocks, cash/financing needs of an early-stage company, etc.
CXKJ has an extremely hard-working CEO at the helm. She seems really impressive to me. Excellent initial post-RM share structure with legacy shareholders retaining more than 14% of the company. Very good chance we will see merger/acquisition activity in the next year or so. 8% of CXKJ is owned by the company that constructs/places/maintains the physical kiosks for CXKJ, and that company has been very supportive of CXKJ. Deferred revenue in Q3 showed a massive increase to $1.78 million. The potential for some solid-to-explosive revenue growth exists here as the business expansion accelerates.
Definitely a high-risk kind of play, but overall I really like the set-up here.
Recent KPEA News
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 06/10/2024 09:25:31 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/10/2024 09:24:50 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 06/10/2024 09:22:14 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/10/2024 09:20:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 04:43:09 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/07/2024 10:01:42 AM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/07/2024 10:01:40 AM
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