LM Funding America Inc (LMFA)

Chart looks to be setting up for a rally. .75 cents target. Have it on my watch list. HAWK

LMFA Return (updated)

1 day
-4.5%

5 day
-16.1%

30 day
-21.24%

180 day
-54.5%

1 year
-72.45%

5 year
-96.1%

All time
-99.97%

New year... .same result.

While management makes millions..

At the current price of btc at 85k and their cost to mine 1 btc at 66k - profit is only 19k per coin.

They mined 17.6 btc all quarter, meaning the net was $334,000.

Payroll, professional fees, and separate selling and administrative costs during the same period was over $4,000,000 😆

What a total disaster. Management is literally taking money from the street, using it all to fill their pockets since they are only generating 8.3% of their pay grade with their main operation.

These guys pay themselves and their buddies 4M every 90 days to make 334k.

Train wreck!

LMFA.................................................https://stockcharts.com/sc3/ui/?s=LMFA&p=W&b=5&g=0&id=p86431144783

What the heck does your post even mean. Are you retarded?

LMFA........................................................p/m

PennyGrabber..your dd is amazing. Granted the info you gather and analyze anyone could do. Still, it’s helpful to have someone lay out in plain English what the company is doing. I’ve been able to play this stock successfully and you are partial to thank. I guess scalping the bottom isn’t even in question because there won’t be a bottom for a while if ever

This is easily going back to 25 cents a share.

They have increased outstanding shares from 2.3M to 5.3M to 15M and now have a shelf for another 50M+

The LMFA Dilution machine continues!

Split adjusted from the last RS shares are .17
Go back to the RS before that you are looking at a few cents.

They have no reason to worry about share price with 20M now in cash. This will drop back to the lows and they will plan for another RS in 2026.

LMFA, turning investor dollars into pennies!

"Building on our BTC treasury" does not mean they are plowing $23M just raised into BTC.

Far from it.

An educated guess - half of that 23M will be used to pay off any balance of the purchase price of the new 11MW mining site and current payables since they were broke before the offering. Next, they need miners. They sold their S21s to raise cash this year...300 for 1M I believe, and dumped some older machines for pennies on the dollar.

The rest, about 5500 mainly S19s, and energized producing 5.5 BTC a month at the 15MW plant.

They purchased 300 S21s for about 1.1M and sold em. So let's say every 300 miners is 1M. 11MW will need about 3600 miners to optimize the site. Not interested in figuring out the exact math so this is just a rough estimate.

3600 miners is 12M. Plus the buildout and getting them operational. If 5500 is producing 5.5-6 BTC a month, 3600 would probably produce 4 or so a month.

Meaning their production will be 10 BTC a month, about 1.16M a month, or 3.5M a quarter at current prices.

Taking out btc appreciation, they lost 3.5M on paper - granted they depreciate as much as possible their miners and assets quarterly.

12M+ in the site, plus the buildout, plus the purchase of miners, for +12 BTC a quarter. That generates an additional 1.5M a quarter. Before energy costs. So let's say it costs 55-60k a btc to mine. 50% margin. +750k a quarter to offset the 3.5M

Still 2.75M short before adding "back in" depreciation.

The rest of the 23M will cover the shortfall every month, instead of liquidating BTC like they have been all 2025.

Sounds like they will stop selling BTC and keep what they mine. Add to the BTC treasury in that way, but blow through the remaining 23M with losses in operations and paying mega salaries.

Keep an eye on those big bonuses at year end..

They need at LEAST another 3 sites like this to break even as a whole.

Still many years and many dilutions away.

The stock only rises every year or so to dilute. Has since inception. Down 99.99% all time.

Bearish!

5M to 15M shares just like that.

With another 4.5M offered at 2.40 in warrants down the road.

Set themselves up nicely until next spring/summer (expansion + 3M a quarter in operating losses). Most importantly funded juicey bonuses come holiday time.

All on the back of shareholders. Only to cap the future stock price off at 2.40 for another 4.5M shares down the road.

15M*1.40 = 21M cap.

BTC holdings of 17M
CASH 23M
Less 5M in loans tied to BTC
35M cash and BTC.
2.33/share

So looks a bit over done here, but not much considering the operating losses and negative growth YoY.

No one outside their inner circle would dare invest in this....if you think they are picking these private placements by random you are sorely mistaken.

Take out the BTC holdings gains last quarter they lost 3.5M operating. This offering pays their salaries, buys some miners, and builds out the 2nd facility.

Another 3500 miners paid for and operating at this new 11MW site on top of the 15MW site and 5500 miners still wont break even to cover mining costs and salaries.

They need 4 sites like this for investors to see operating losses end. By then the management will have doubled their pay and left nothing.

No win here. Tradeable short term at best.

Dead money now for a while.

Long term loser.

And there it is..

Hopefully you sold at 5.

Ouch. 3.5M gain on BTC and only made a profit of 100k.

Total mining last quarter didnt even cover salaries and professional fees.

350k cash on hand 45 days ago. Dilution or more BTC sales incoming!

Anyone could of seen this coming..

Feel sorry for everyone who got burned.

Registered for resale under this prospectus underlie common stock purchase warrants (the “Common Warrants”) to purchase up to an aggregate of 3,472,740 shares of our common stock, each at an exercise price of $2.95 per share. The Common Warrants were issued to the Selling Securityholder in a private placement pursuant to the terms of that certain warrant exercise agreement, dated December 8, 2024, that we entered into with the Selling Securityholder (the “Warrant Exercise Agreement”), pursuant to which we agreed to issue to the Selling Securityholder the Common Warrants as consideration for the exercise by the Selling Securityholder of certain outstanding warrants to purchase an aggregate of 1,736,370 shares of common stock originally issued to the investor on August 19, 2024, having an original exercise price of $2.98 per share (the “Existing Warrants”). The Common Warrants are immediately exercisable and will expire five years from the date of issuance

Dilution imminent.

LMFA................................................................https://stockcharts.com/h-sc/ui?s=LMFA&p=W&b=5&g=0&id=p86431144783

A week ago this hit $5.50/share premarket and finished red. People were posting they couldn't sell during the pump...

Then dopped to $2/share in 48 hrs.

New downtrend has already started.

Insider trading pump and dump

The pumps last minutes...the dumps last years.

Dilution after hours or Monday morning?

3.4M warrants to be executed effective immediately knowing this company!

LMFA.............................................https://stockcharts.com/h-sc/ui?s=LMFA&p=W&b=5&g=0&id=p86431144783

Dilution at 3.

Another example:

You look at a company like the ticker GAME.

They entered the crypto space this month. Raised 90M dollars and after they make their ETH purchases, will have quadrupled LMFA crypto treasury (that they have been building for 3 years) in a week.

That is a testament of the execution of this management. Totally clueless how to succeed in this arena.

If they took the 35M raised in 2021 and just bought BTC and did nothing except twiddle their thumbs - their treasury would be 10X their current market cap and they'd have near 1000 BTC vs 150.

But they suck the company dry paying themselves millions recording never ending losses through the company.

Interesting facts:

A qoute regarding the LMFA sponsored SPAC in recent years:

Bruce M. Rodgers, Chairman and CEO of LM Funding, the sponsor of LMF Acquisition Opportunities, commented, “We are proud that all of our hard work over the past several years has led us to this very significant milestone. We are extremely pleased that the transaction received the overwhelming support of the stockholders of LMF Acquisition and believe it will unlock significant value for the stockholders of LM Funding and SeaStar Medical.

Significant value for shareholders?

SeaStar medical debuted split adjusted at over $250 a share 3 years ago and hit a high of $550/share 10/2022. Less than 3 years later it trades at 55 cents. A return of -99.72% for investors.

LMFA debuted split adjusted over $2,500 a share. Now trades at $2. A return of -99.92% for investors.

Reverse splits followed by offerings:

10/2018 1:10 split
11/2018 $6,000,000 offering and dilution

5/2021 1:5 split
10/2021 $30,000,000 offering and dilution

3/2024 1:6 split
8/2024 $2,600,000 offering and dilution
12/2024 $5,100,000 offering and dilution

Its a pattern:
Run the stock price into the ground, RS, follow with dilution and wiping out all shareholders previously - repeat.

Other companies management are affiliated with in some sort of way.

TDNT, now defunct .0001 a share. A -100% return for investors.

GIPR, moved from OTC to Nasdaq. Debuted at over $10/share. Within 4 years now trades at $1.40. A return of - 83.98% for investors.

Similarities:
None of them make/made any $$$ on paper
The stock is run into the ground
Massive dilution over and over
Investors end up with a total loss.
Executives make millions

Its why no one touches this garbage. Its a proven scam.

1.50 is basically the floor.

Below that there isnt enough public market cap (5M) to remain on the Nasdaq.

Its why they brought it over that mark recently.

They will be liquidating BTC, going after a warrant exercise, or taking out a loan against BTC holdings immediately. Or they have been already.

Company is broke AF!

LMFA should sell itself or keep the bitcoin mining as a subsidiary and move into something else. Or merge with another company.

That is the only way investors would make anything.

The only thing on the horizon on the current path is dilution, another RS, or eventual bankruptcy.

According to their mining reports in Jan, Feb, and March they mined 24.8 BTC

The expenses related to mining digital assets on their quarterly report was 1.55M

1.55M/24.8 = $62,700 cost to mine a BTC

Since they are not adding to the fleet, and companies around the world are aggressively, its possible that they believe their BTC production will continue to drop due to competition in the mining pools.

April - 6.6 - 120k in energy sales
May - 6.3 - 70k in energy sales
June - 5.5 - 55k in energy sales

WHY IS BITCOIN PRODUCTION AND ENERGY SALES DROPPING EVERY MONTH?

They did 24.8 in Q1, they did 18.4 in Q2. So they have negative growth in bitcoin mining production.

$245,000 in energy sales instead of mining BTC at a cost of 62,700 could of possibly been 4 BTC.

At 116,000/BTC gross margin a bitcoin would have been $53,300 gain per coin.

If your selling energy vs consuming it to mine BTC....doesn't that say you dont think that BTC will be moving higher?

Why take the USD over the BTC??

And why is energy sales AND btc production dropping in April, May, and AGAIN in June?

Looks like they are winding down the bitcoin mining business. Idk why you wouldn't. Its a total failure and going bankrupt. It cant even pay salaries anymore, let alone make any money for investors.

They have to be looking into getting into some other business. Because this is a total disaster.

It trades at 12M market cap because its headed to 0 at this rate.

They have been selling bitcoin all year to cover the losses. It will continue every month.

Another loser company.

In January 2021, split adjusted, LMFA hit $112/share. BTC was $33,000.

BTC is now $121,000

LMFA during the same period has dropped to $2/share.

Over a 98% loss for investors while LMFA management (8 employees) collect $6M a year.

$27M in salaries 2021-2025. Current market cap is $12M

Specific Requirements for the Nasdaq Capital Market:
Equity Standard: Requires $5 million in stockholders' equity, $15 million in market value of unrestricted publicly held shares, and a two-year operating history.
Net Income Standard: Requires $4 million in stockholders' equity, $5 million in market value of unrestricted publicly held shares, and $750,000 in net income from continuing operations in the most recent fiscal year or two of the last three fiscal years.

Market Value of Listed Securities Standard: Requires $15 million in market value of listed securities.

As long as they meet the minimum requirements to stay listed, the stock will never appreciate. They cant do a standard offering so they provided nearly 5M in warrants at 2.97 to an "accredited investor" down the road in Tampa. The address of the buyers is a mansion on the Gulf...who now own majority of the company with insiders.

Best shot for investors are all those options management bought dirt cheap for $30 a share. Probably their retirement plan a few years from now...

Until then, as long as they meet the minimum listing requirements BTC could go to $1M and this would still be valued at $10M market cap.

The LMFA insiders are only interested in building wealth for themselves...and nothing else.

22.7% of LM Funding America shares are held by institutional investors. 36.1% of LM Funding America shares are held by insiders.

Clearly it's was a P & D.
My broker who I had shares with wouldn't permit selling until 7AM ET, yet I was never ever told that, So I booked sale orders that got skipped in execution time and again..., thinking something was wrong on my end I cancelled and replaced about 10x...all before 7am..
I phoned the broker and was told the story of nothing can be sold until 7am ET... That's was total abuse and financial hit \to Small Customers at this Large Brokerage.
As for the company LM Funding America, Inc. itself... you've pegged them perfectly. LM is in Florida, Scam Central. The Executives are abusive and just feeding themselves draining that amount of funds quarterly... no profits... in cahoots with their scammy hedge fund/s and investment banking scum.

Pumped to $6 and dumped to $2's.

Classic p&d

LMFA...........................................................................p/m

Registered for resale under this prospectus underlie common stock purchase warrants (the “Common Warrants”) to purchase up to an aggregate of 3,472,740 shares of our common stock, each at an exercise price of $2.95 per share. The Common Warrants were issued to the Selling Securityholder in a private placement pursuant to the terms of that certain warrant exercise agreement, dated December 8, 2024, that we entered into with the Selling Securityholder (the “Warrant Exercise Agreement”), pursuant to which we agreed to issue to the Selling Securityholder the Common Warrants as consideration for the exercise by the Selling Securityholder of certain outstanding warrants to purchase an aggregate of 1,736,370 shares of common stock originally issued to the investor on August 19, 2024, having an original exercise price of $2.98 per share (the “Existing Warrants”). The Common Warrants are immediately exercisable and will expire five years from the date of issuance

Here comes the 65% increase in shares with 3.7M warrants to be exercised at 2.97

5 btc mined? That barely covers payroll and SG&A ($1.4M last quarter) let alone energy and general operating costs.

Price per share of BTC not tied to debt ($5M) is $2.25 a share.

Operating loss Q1 when you add back in Depreciation and realized loss on BTC was 3.5M

3.5M/3 = $1.167M cash burn a month. And that was minting an average of 7-8 BTC a month.

Looks like they had to sell more BTC for cash again last month to make ends meet. How many have they sold this year, must be close to 50 by now..? More than they minted thats for sure.

So selling bitcoin at a more rapid pace than minting, selling and shutting down machines taking them offline, still paying 5.6M a year in salaries and SG&A expenses.

How is this ever going to make money?

There is no real incentive for the warrant holders to exercise them for common shares when its trading below the exercise price level. Unless they are providing the company a handout/bail out.
That would result in an instant unrealized loss...but they use the holdings to short the stock. Hedge funds and large holders do that alot.

News just came out this morning. Btc mining reduced again to 5.5 and they sold 5. $16.7M in bitcoin but $5M is collaterized from debt and that money is gone...so they really have a net $11.7M Bitcoin free and clear is only $2.25/share.

For some reason they always omit the debt tied to the bitcoin holdings. I am sure they will borrow against it further if they can't get the warrant holder to excise. I think they have 3.7M warrants convertible into shares 1:1.

So either debt or massive dilution is near term. They need to mine 18-20 a month to be profitable. They have been going in the wrong direction for months.

They have to get a cash infusion one way or another. What they are doing now is totally broken. I can't believe they sold their new s21s vs installing them. Must of needed the cash bad. Can't expand selling new mining machines and not buying more....

Now shutting down miners too?

So what the hell are they doing...honestly?

Does the stock price have to reach the warrants strike price of $2.97 in order for the warrant holders to be able to exercise them?

On December 8, 2024, LM Funding America, Inc. (the “Company”) entered into a warrant exercise agreement (the “Warrant Exercise Agreement”) with an existing accredited investor (the “Investor”) to exercise certain outstanding warrants to purchase an aggregate of 1,736,370 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), originally issued to the Investor on August 19, 2024, having an original exercise price of $2.98 per share (the “Existing Warrants”). The offer and resale of the shares of Common Stock underlying the Existing Warrants was registered pursuant to a registration statement on Form S-3 (File No. 333-282023).

In consideration for the immediate exercise of the Existing Warrants, the exercising holder received new unregistered warrants to purchase up to an aggregate of 3,472,740 shares of the Company’s Common Stock (the “New Warrants”).





This prospectus relates to the offer and resale, from time to time, of up to 3,472,740 shares (the “Shares”) of our common stock, $0.001 par value per share (the “common stock”), by a single institutional investor (the “Selling Securityholder”).

The Shares registered for resale under this prospectus underlie common stock purchase warrants (the “Common Warrants”) to purchase up to an aggregate of 3,472,740 shares of our common stock, each at an exercise price of $2.95 per share. The Common Warrants were issued to the Selling Securityholder in a private placement pursuant to the terms of that certain warrant exercise agreement, dated December 8, 2024, that we entered into with the Selling Securityholder (the “Warrant Exercise Agreement”), pursuant to which we agreed to issue to the Selling Securityholder the Common Warrants as consideration for the exercise by the Selling Securityholder of certain outstanding warrants to purchase an aggregate of 1,736,370 shares of common stock originally issued to the investor on August 19, 2024, having an original exercise price of $2.98 per share (the “Existing Warrants”). The Common Warrants are immediately exercisable and will expire five years from the date of issuance.

We will not receive any proceeds from the sale of the Shares by the Selling Securityholder. In the event the Selling Securityholder exercises all of the Common Warrants in cash at an exercise price of $2.95 per share, we may receive an aggregate of approximately $10.2 million

Meaning:
Outstanding shares will increase 69% when exercised.

Again:
Stock only moves up when they are preparing for dilution. Check the history. When they sold the last warrants at 2.97 1.8M of them it went from 3.30 a share to 1.10 over the next few months.

Im out. ✌️

Bailing soon. This week. Looks like they are setting up for the 5M warrants execution at 2.97 to double the float.

Assuming they spent their 300 s21 sale monies last month and this month burned through the rest of the cash on hand.

They need those warrants exercised to fund operations moving forward.

Will the investor sell the shares from warrants before during strength? 🤷‍♂️

Not sure where the price will settle after there are 10-11M shares vs. 5M and change. Not sticking around to find out.

Only time management cares about the stock price is when they need money and are setting up dilution.

They took loans against 1/3rd of their bitcoin holdings and have been liquidating their holdings (15 in March, 18 in April) to fund outrageous salaries and general operations.

They didnt sell any in May because they sold 300 S21 miners that were brand new to raise cash. Never installed them. Liquidated.

So they have been liquidating miners and bitcoin to fund salaries and power.

They need the warrant exercise to fund the business. There is a 5M float now, and 5M in warrants pending at 2.97 exercise.

Analyst just pegged this to hit 4. It may briefly, but dilution with double the float and the stock will settle again around $1.

$1 times 10-11M shares will keep their market cap around the same.

IMO.

You seem to really have a solid grasp on the fundamentals of this company. As I see it, there is a lot of tailwinds to help propel this stock to $4-5. Yes there will be warrants exercised and bag holders getting out but holding Bitcoin on the balance sheet in 2025 and beyond is very lucrative for shareholder value.

Finally. They need cash. Warrants will double the float above $3.

Should see near 4 before massive dilution.

Lmfa shareholder return as of 6/11/25

Return

1 day
-3.17%

5day
-8.04%

1 month
-3.68%

6 months
-36.9%

1 year
-63.76%

5 year
-94.08%

ALL TIME
-99.93%

Meaning if you invested $1,000,000 into LMFA 10 years ago, management has turned that $1M into $700.

They talk about creating shareholder value every month in their PR update.

-99.93% return for shareholders last 10 years.

I love how they mention shareholders like they are important to the company in the PR.

This company has never created shareholder value, ever.

-99.9% all time

-95% last 4 years.

Accumulated deficit is how many 100s of millions?

Looks like they sold BTC June 1st...or spent the cash liquidating those 300 s21s to stay afloat in May.

Split adjusted - this stock was trading at $40-$45 a share when bitcoin was about $40,000 a coin.

Btc has since gone up 270%

This stock is -95%

Management takes the $ and pockets it.

Living large in mansions.

Lmfa has lost 100-200M probably since inception.

The PR coming will look something like this:

BTC mined 8
BTC sold 20

Net BTC holdings 136
Total $ in BTC - $14.4M

Will OMIT that $5M in debt is tied to that 14.4M

Will OMIT the 1M cash on hand at the end of Q1 is gone, the net -12 BTC at the end of April for operations is gone, and the $1M cash they have from May liquidations will get them through June until they have to sell another 20 BTC this month to fund operations.

Without dilution and warrant exercise for millions of more shares - LMFA will be down to about 124BTC by 6.30 in which 5,000,000 worth is tied to debt.

A 1:1 ratio btc held to market cap (net collaterized btc for debt) would be about 8M and will continue to drop until dilution occurs.

I wouldn't be surprised to see another RS by year end after millions of shares.

I am unsure if it's 3M shares or 5M shares.

Shares will go from 5M+ to 8-10M. Meaning shares will eventually settle back under a dollar like they have many, many times under this management over the years. Another RS will occur to avoid delisting, and the show goes on.

How much has this ticker lost accumulated? 100s of millions?

It will never change.

💩

They had 148 April 30th, and they had to sell over 18 and only generated 6.6

In March they also sold 14 - because they are out of money.

$5,000,000 of btc is pledged for a loan, so technically, 50 btc are not there's but an investors.

I would suspect they sold another 18-20 during May and produced maybe 8. So let's say a net -10 in May. Meaning they have 138 btc - 50 held as collateral and loaned against, so 88 total.

Gives them a 1:1 ratio for market cap and bitcoin held. They keep saying they have X amount of bitcoin, but always leave out they borrowed millions against those holdings and its being used as collateral.

Bottom line, this company is broke and liquidati g bitcoin at a rapid pace to pay their fat salaries and operating expenses.

With millions in warrants executable at $3, and a planned expansion of 2MW at the operating site to be completed by 9.30 - there will be massive dilution in the $3-$4 range.

Couple million will go to the expansion. The remaining $7M will go to operations and paying their salaries.

This stock tops out under $4 this year. And will be back at the $1 range after the warrant exercise and cash grab is completed.

Not looking good.

When they report May liquidations and mining results next week or so this will drop 30%.

Always does. Because it always disappoints!

💩

They have ~150 bitcoins which at a $100,000 bitcoin price is $15,000,000. Yet the market cap of the company is only 8-10 million. Undervalued company which has an operating business in mining bitcoin too. Stock should be $4-5 IMO