Thursday, January 27, 2022 12:47:24 PM
Quite honestly not as concerned about that. Money is available via numerous options and CEO Belizaire has said as much in recent interviews and podcasts.
They've already PR'd the LOI to sell the instruments business. That of course isn't a quick proposition. I believe this is expected to yield in the area of $20 million. LOI was announced mid December subject to due dilly etc ..... I'd anticipate that should be coming to a resolution soon.
IMO, SLNH "paid more" for financing because the amounts were small. Preferred got dumped and tiny raise at roughly 75% to PAR on those. The financing at 12-14% with NYDIG was high ... again .... borrowed small amounts for equipment to be delivered Feb-June 2022. So this equipment should be getting installed and working quickly and ROI is roughly 9 months.
The daily cash revenue generation has been increasing as well. So that increases cash that could be used to offset some of the expected financing. It's a dance for sure.
Ultimately, IMO, this mgmt has earned some latitude. They've executed near perfectly thus far. Better than I would have expected honestly. But nothing goes exactly as planned ..... so I'm in the camp of giving them room to manuever as needed.
And of course if the stock provides for opportunities to swing trade a little bit .... I'm not going to think twice about taking advantage of it. It also helps to recoup capital invested over time as well.
Lastly ... trying to keep eye on the prize ... 2023 and beyond, 4EH and working toward even bigger market verticals in batch computing.
Amigo Mike
Recent SLNH News
- AI & Technology Hybrid Investor Conference Agenda: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 04/12/2024 02:07:03 PM
- AI & Technology Hybrid Investor Conference Presented by Water Tower Research Agenda Announced for April 10 and 11 • GlobeNewswire Inc. • 04/09/2024 02:26:42 PM
- Soluna Announces Monthly Business Update • Business Wire • 04/08/2024 12:00:00 PM
- Soluna Appoints John Tunison as Chief Financial Officer • Business Wire • 04/03/2024 12:00:00 PM
- Soluna Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 04/02/2024 12:00:00 PM
- Soluna to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10 • GlobeNewswire Inc. • 04/01/2024 12:00:00 PM
- Soluna Announces First AI Hosting Installation Complete • Business Wire • 03/21/2024 12:22:00 PM
- Soluna’s Project Dorothy 2 Prepares to Deliver $14M in Potential Operating Profit • Business Wire • 03/14/2024 12:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 03/07/2024 01:00:00 PM
- Soluna Inks Agreement with Noteholders to Bolster Balance Sheet Ahead of Halving • Business Wire • 03/01/2024 01:00:00 PM
- Soluna Ventures into AI Hosting with Co-location Agreement • Business Wire • 02/14/2024 01:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 02/08/2024 01:00:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 01/25/2024 02:25:00 PM
- Soluna Announces Monthly Business Update • Business Wire • 01/24/2024 01:15:00 PM
- Soluna Secures 8.8 MW Hosting Deal with Leading Bitcoin Miner • Business Wire • 01/22/2024 01:42:00 PM
- Soluna to Participate in Water Tower Research Fireside Chat Series • Business Wire • 01/15/2024 01:00:00 PM
- Soluna’s Project Dorothy Outperforms Traditional Centers with an 18% Lower Carbon Footprint • Business Wire • 01/03/2024 01:00:00 PM
- Soluna Reveals Exciting December Progress: Significant Business Achievements and Project Developments • Business Wire • 12/21/2023 01:00:00 PM
- Water Tower Research US Climate Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 12/08/2023 01:35:00 PM
- Water Tower Research US Climate Investor Conference Agenda Announced for December 7th, 2023 • GlobeNewswire Inc. • 12/04/2023 01:35:00 PM
- Soluna JumpStarts Ancillary Services Revenue • Business Wire • 11/30/2023 04:32:00 PM
- Soluna JumpStarts Ancillary Services Revenue • Business Wire • 11/29/2023 01:00:00 PM
- Soluna to Present at Water Tower Research’s Hybrid US Climate Investor Conference on December 7 • GlobeNewswire Inc. • 11/28/2023 01:35:00 PM
- Soluna Signs Agreement with Noteholders to Facilitate Early Payoff of Convertible Notes • Business Wire • 11/22/2023 10:00:00 PM
- Soluna Holdings Reports Q3 Results • Business Wire • 11/15/2023 01:00:00 PM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM