Replies to post #3575 on Bounce Mobile Systems Inc (BNCM)

[mzasif]

Yeah I see that...wow! $98m in Assets >> that is HUGE!!! Do you see this running like ELTP or FCCN as we thought before??

[Humbert]

I believe the shares will have to be restricted under the current circumstances. As for the $8mm, it's a little lower than expected, but not altogether disappointing. Delex is a growth story, but my own estimates were a little high. I have to assume Covid affected their income as it did many other companies. The float is still very nice, and I'm sure the stock will move in the right direction

Q4 financials will definitely be audited, and the company is going places. We may see further amendments to the share structure moving forward as well.

[Maxinvestor89]

They will 100% be Restricted for at least 1 year, possibly 2 years (Unless a S-1 or S-3 registering the share for resale is filled and becomes Effective, later), but that 0.0030$ issuance price is too much of a discount (some stock are even worse, because they issue acquisition shares at par value, which sometimes is as low as 0.00001$, but ya...)

The A/S is maxed, now, there can't be anymore increase

There are still no convertible debts outstanding, even after the Delex Acquisition.

It's not that bad, but definitely would be foolish to entertain dollars stock price prediction