Price war already 7-8 months. How long can it last? It is a killer for all participants especially for cotti.
It will end by the end of the year or earlier.
hajaj.yossi
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Rights offering is great for the company. The company needs to increase its equity and reduce debt.
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Mithaq is a great owners for the company.
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No ER today?
Are we going to have the same issue with Q4 report..? -
ER tomorrow?
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The sellers are weakening… it will reverse fast!
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It is going to up sharply just you wait.
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Have some trust in Mithaq so far they did all the right things. First they solved the liquidity issue and now they will nominate the right CEO.
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Finally CEO replacement! This is the best news. She brought the company to the verge of bankruptcy. She can’t fix it.
The business is fixable and this is doable in 9-12 months of hard work of professional management. -
Great news re the CEO exit. It is a must and the most important step to fix the business.
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It will end in green!!!
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Squeeze !!! Finally.
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They will have to do rights offering in the near future… hopefully when the stock reach 20$ or so.
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Zero trade so far…? ~30 minutes before the bell.
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12.2 million shares traded after hours?
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Is that real?
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Step by step next week test 15$.
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Earnings were not so great. Excluding mark to market of Crypto assets (which is non-recurring) they made EPS of 2 cents and they diluted the shareholders issuing 17.1 million new shares YTD 2024 which is very bad.
Also this is pre- halving meaning that Q2 will not be profitable unless the AI business grows significantly. -
Need to stop the dilution. Issuing new shares at ATM and buying ETH is not good to the shareholders!
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107,421,813 share outstanding on December 31,2023.
121,133,747 shares outstanding on March 31, 2024.
They issued 12,871,934 new shares during Q1 2024 for a consideration of $38.7 million (3$ per share).
Subsequent event - during Q2 until April 30, 2024, they issued another 4,227,345 new shares for a consideration of $9.5 million (2.25$ per share).
This pattern is driving the stock downwards.
It has to STOP!
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