Here it comes, let’s start with the claim that $1.2 million in convertible notes were “stripped out” to convert on their own, that’s false. The offering was amended, not to hide conversions, but to reduce dilution, a move you’d normally applaud if your bias wasn’t so obvious. Then there’s the fearmongering over the Reg A. Yes, it was qualified in April. But what you conveniently ignore is that it hasn’t been tapped. The share structure remains untouched, and it’s been months. If they wanted to torch retail, they’ve had every excuse to do it already. Instead, they’ve preserved structure during the most opportunistic time.
Now to your favorite alarm bell: the reverse split. Telvantis literally confirmed there is no reverse split planned. They posted it publicly on February 12 and even framed it as a rejection of old OTC tactics. But let’s pretend for a second they did one. A reverse split by itself doesn’t kill a stock, the follow-on actions do. You act like Telvantis is Jacob and it’s still 2021. It’s not. This isn’t a fly-by-night operator with no strategy, they’re pushing a PCAOB audit, just did $3.6 million in gross profit in Q2, and have a national uplisting plan. You’re clinging to RS fear because the rest of your short thesis has collapsed.
And about that “bleeding cash” line? No. Losses have shrunk massively, from $2M in Q1 to just $275K in Q2. That’s an 86% improvement quarter over quarter. Not only is that not “bleeding,” it’s the clearest signal yet that the model is stabilizing and scaling. It looks solid.
And Q3? That’s where the real shift hits. The Connect acquisition is now in full swing, and that isn’t some hopeful tuck-in. Connect just signed a $15 million, five-year agreement with Mexedia, a multinational telecom platform. It’s a 50-state infrastructure deployment contract. Not a press release fantasy, Mexedia confirmed it themselves on July 31. This is real revenue, already underway, with serious institutional scope behind it.
As for this supposed “mess” of unaccounted shares before a split, again, wrong. Shares in certificate or inactive accounts aren’t new or threatening. If they haven’t shown up in the float yet, they’re unlikely to show up after. The filings don’t support your thesis. The capital structure doesn’t support your thesis. The financials don’t support your thesis.
You're no longer warning the board. Your postings help rdar look better, you know that, right? gives me opportunities to explain it to the masses. lololol
Bullish
AI
