Tuesday, August 09, 2022 2:25:38 PM
Accumulated a position in CSUI. I think there is a decent chance that the bitcoin mining operations will be among the assets included in this reverse merger. Depending on exactly how they structure this RM, I like the chances of seeing a move into the 15-30+ cent range. That would be a roughly $5-10M valuation on the legacy shares (shares not owned by the incoming RM target/insiders), which should be around 28-29M shares.
Probably would be prudent to wait and see how this RM gets structured, but the valuation/potential looks reasonably good to me so I'm willing to take that chance. CSIU has an early APLD kind of feel about it (before APLD's reverse split and NASDAQ uplisting, its legacy share count was around 9-10M and it reached a legacy valuation over $50M during a time when the OTC Market was more favorable). If CSUI's reverse merger gets structured reasonably well, these sub-10 cent prices might turn out to be nicely profitable.
I don't know what the current status of their mining operations looks like, but the November 2021 presentation is quite interesting. Obviously there is some deep-pocketed people/entities involved with the mining operations. The text and bullet points from slide 9 of that presentation......
https://visiondigitalholdings.com/wp-content/uploads/2021/11/BitcoinAlley_Presentation-.pdf
Recent CSUI News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 07:09:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/12/2024 08:50:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/17/2023 04:43:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 10/13/2023 08:06:39 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/12/2023 06:47:50 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 08/28/2023 09:04:07 PM
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