I'm not sure exactly how many shares were bought this week but I think it was close to 7 million shares which means around $750,000.00 or so flowed through this company this week alone. That volume is an indicator of things moving in the right direction. I just read this again from the most recent SEC filing and I think it deserves another read since it is exactly why I am so bullish on this company.
“This is another step in what we think has the potential to be a very exciting, lucrative and mutually-beneficial relationship for our two companies,” said Adaptive Media CEO, Qayed Shareef. “OneScreen is a pioneer in digital video and has developed one of the most robust video content management platforms on the market. Combining their capabilities in video with our expertise, compliance DNA and advanced RTB systems across
mobile, online display and video makes for a unique and powerful combination in the industry.”
In recent months, Adaptive Media has made several strategic announcements that have positioned the company in the center of the advertising technology industry. The Company’s technology platform, born from a combination of acquisition and build, is competitive and on-par with larger legacy competitors that have raised hundreds of millions of dollars in venture capital. Overall, Adaptive has raised a fraction of the capital yet still sits in an enviable position in the industry alongside other incumbents. For instance, recent announcements and S-1 filings by Supply-side platforms Rubicon Project and Pubmatic, which has an estimated valuation greater than $1 billion, exhibit the scale and volume Adaptive Media believes it can achieve for investors.
“We look forward to sharing additional information on our plans with OneScreen as we finalize details in the near future,” Shareef concluded. “We believe investors will take notice of the compelling growth story happening at Adaptive Media right now.”
Now throw in the more recent Bean Stock announcement into the mix, which I believe will bring in a surprising amount of revenue, and this party is just getting warmed up.
AI
