Replies to post #320 on MICT Inc (MICT)

[ash111]

Hi, MTH4, MICT Revenue increased by 25% and 65% to $4.7 million and $10.7 million for the three and six months ended June 30, 2018, respectively. Profit Margin expected to Increase no matter BNN deal. Its a complex merger, If i got it right:
BNN Technology acquired a 14.89% stake in the company at $1.65/sh

BNN + another co. will buy an additional 35% stake of at least $1.65/share ( to 50.1% Ownership) and will be trading at $160m.

MICT to raise $26-$36m and will acquire BNN.
Btw, i think you are holding potential pot stocks. I also own a few you have mentioned

[novicetrader]

Found this detailed July 2 press release & few other links (these might've been posted before but might be helpful as a recap for us new investors).The '3 months' from July being mentioned everywhere doesn't look like it was set in stone(can't seem to find PR where that was stated-recall seeing somewhere though).From the looks of it seems the deal isn't dead(at least yet,lol), so maybe recent volume action is encouraging.Company quarterly report should be soon,right?


http://www.bnntechnology.com/~/media/Files/B/BNN-Technology/BNN%20and%20MICT%202%20July%202018.pdf

http://www.bnntechnology.com/

https://www.sec.gov/Archives/edgar/data/854800/000161577418006111/s111197_sctoc.htm