News Focus
News Focus
icon url

Nspireaction

12/17/18 9:08 AM

#116513 RE: tedpeele #116512

Why would Sound Concepts try to avoid an IPO when cash is needed to make it all happen?

<<Reverse merging is a way to avoid an IPO, not how to do one, and still become a public company>>

Yes, the nonsense has unfortunately picked up once again.

They can't explain why 'initial' was removed from the S1, yet they persist on posting highly unlikely theories.
icon url

Real McCoy

12/17/18 11:06 AM

#116537 RE: tedpeele #116512

I can make an obvious observation here.

There seems to be 2 kinds of arguments on this board. One relates to "business prospects". This argument can't be settled. The technology here will catch on and be ubiquitous or it will won't. Optimistic folks can always say it will happen down the road. And maybe it will. To stay completely unbiased here, I won't even comment.

The second type of argument I will categorize as "market mechanics".

1) the idea that a company that doesn't like its valuation (every company on every exchange or platform feels this way) can form a subsidiary and acquire a private company and get new valuation, except, like, way higher.

2) the idea that the valuation of this company is not a simple supply/demand story and is instead a battle between "longs" and "shorts" waged primarily on this message board.

3) the notion that raising debt on the terms recently done here is also indicative of a company that is storing "news".

These items are totally insane. I believe that anyone perpetrating these totally indefensible thoughts is causing a semi-public embarrassment for the company. I do think these ideas have cause a lot of eyeballs to veer away from here.