I ll be back
2 months ago
Indeed, SRAX was providing loans to BIGT and held shares. It remains unclear whether these loans are still on SRAX's books or if they still possess BIGT shares. Intuition suggests they might still hold shares, yet the performance of the business model is uncertain. If the shares have been returned to BIGT, it would be an unexpected development based on the available information and the clients I've seen signed up at this point.
Until the terms of the merger and the updated financials are disclosed, we cannot ascertain what assets DNA will acquire. Shareholders will eventually receive updated financials for BIGT, as BIGT is actively advancing the business plan.
The downside is that we're lacking current financial updates. On the upside, SRAX is emerging from adversity, and BIGT is acquiring new clients without issuing additional stock.
I ll be back
2 months ago
DC, I have had SRAX up as one of my Level II screens for some time now. While they were delisted due to a lack of financial filings, I've been keeping a close eye on them since they are the parent company in hopes to see them come back.
I find this merger interesting in that SRAX is currently delisted. While we don't know the terms of merger it's interesting that Christopher Miglino has taken this path as opposed to bring the company current. It leaves me thinking that either he sees more value in Big T and wants to turn all his focus to it. Or is he laying the groundwork to pull DNA and its ties to Bitcoin to Big T.
We know DNA holds 35% of SRAX and didn't walk away under this merger, which means they see value in SRAX. I just find the timing of the merger given the company isn't current with fins a little interesting. This is not normally how a merger works.
Considering SRAX is traded in the Greys and for the first time in nearly a year, it is starting to trade is again showing its not dead.
About DNA
DNA is The Financial Institution of The Future. They are a global leader in the web3 ecosystem and other breakthrough technologies including AI, Longevity, Space and Infrastructure. Through their multiple investment funds they make early to later stage investments in cutting edge projects. DNA also provides various services to companies as well as decentralized projects , while creating world class community events that educate and inform investors.
One has to ask if DNA doesn't at some point merge with Big T? Just a thought.
I ll be back
3 months ago
Anything is possible.
Check how Brite Pool merger created a link between BIGToken and WPP plc
is there a potential WPP purchase of BIGToken?
I'm more impressed by how they are working to right this ship without having to relist the stock into the OTC structure in order to raise capital. The main reason you see companies in the OTC market is they need capital by selling stock. Capital that is nearly impossible to find at this time with the credit markets upside down. A LOT of companies have been wiped out over the last 2 to 3 years. Big T was one of them.
The greater play would be to first right the ship (financials) and build the brand, followed by relisting the stock. They understand this path, since they did it under Force Protection.
While selling the company could be in play, it's more likely they need to first build a foundation of clients to show they have a real business model in order to create value.
Yes, I'm impressed that this stock is still very much in play. Once they get around at updating their financials and relisting this stock, it will become fun to watch.
I ll be back
8 months ago
I have NO idea what the game plan is or was with the stock. I know we had some here believe it was tied to a token model, which at the time made some sense.
Just going based off the latest info I heard (years ago now) their plan was to RS eventually wiping us all out.
Based on my background, a company would only issue stock to place themselves in a position to raise capital to grow the company, or in the case of a start up, have funding available to bring the brand to market and complete the software and R&D.
Given the company has gone from Web 1 to 3 and has now confirmed the product is ready for "prime time" and has paying customers, all without having completed the RS (No notice has been sent to shareholders), I can't see a need for the RS. What I do see is a better reason to reduce shares and create shareholder value.
I've also noted that SRAX hasn't filed financials and was delisted which is more than interesting to me.
On the flip side. I do believe Dolly is correct about the timing of the RS having expired if my memory is correct.
That being said, we need to see the updated financials, as well as proof of the OS vs AS. My gut tells me that its likely on the radar of the company, now that they have completed the software and have paying customers.
rumark27
8 months ago
Hard to believe we all went on that wild ride 2-3 years ago now? Glad to see your optimism! I havenβt had a chance to watch the interview yet. Iβll have to check it out.
Just going based off the latest info I heard (years ago now) their plan was to RS eventually wiping us all out. However, this was before the the board was dissolved, most of the company dissolved, sec issues, etc. If the plan has changed since then that would be great!
Still hard to see how the merger which resulted in executives being let go, board dissolving, and delisted works out well in the end. But Iβll take your glass of optimism because what do we have to lose at this point!!
Hope you had a great Thanksgiving IBB
I ll be back
8 months ago
Sir M, nice to see you're still hanging in there.
For the first time in a couple of years, I'm more than optimist here.
There is a lot to unpack in the Solana interview. For the first time, we are learning that George's hypothesis of the consumers selling their data is now a reality. He did confirm on the record that they received NINE million users logging in to share their data, that was used by the top Ten consumer groups.
George also provided some insight into the different reasons they appear to have gotten the cart ahead of the horse, which "may" have been the reasoning behind the broad stepping down and the exit of our Bitcoin leader (on the fence with this one). As well as the lack of financial reporting and SEC filings.
On their Instagram profile they list an employee count between 51-200, not bad for a stock that isn't publicly traded.
George has now confirmed that they went from Web 1.0 to 3.0 (blowing past 2.0) and have now launch their revenue model. This of course would be great news for the shareholders here.
Normally I would agree with you on your post. However, I'm still on the fence about the reasoning behind the creation of the shares in the first place, since it may be tied to the Monetarization of the data and the points beginning earned. On the other hand, I still believe the move may be what is called a "poison pill" to prevent the takeover of a small company start up.
Either way, this stock warranties a deeper dive to confirm how to trade or hold once the company deals with the SEC and the needed updates to enable the shareholders to move forward with or without the company.
Bottom line, it isn't over until it's over.
I ll be back
1 year ago
Anyone who loans money.
Banks, S&L, Credit Unions, Venture Capital, Hard Money lenders, etc.
Given how fast the dollar has been destroyed, we are likely to see a whole new currency structure sooner versus later. One where they completely control you. But that's a whole different rabbit hole.
Remember, never let a good crisis go to waste.
I ll be back
1 year ago
With BGTK and SRAX now both delisted, this one is done. At this point, there isn't any value left for anyone to sell, IMO.
Personally, I play the OTC market for the crazy potential of finding a penny that runs to mind blowing yields. On the flip side, I also understand the risk that goes with these penny stocks and play several at any time.
Some made good money with the former Force Protection stock. Some of us also lost money when it looked at our penny ran to ten and doubled down when it looked like SRAX had found the golden goose.
Again, the business model looked great, until reality caught up with us. Which is currently playing out in the credit markets.