Big Brother
5年前
I believe I have figured out who the acquisition targets are, based on the limited amount of information in the 'Investor Deck'. If they can complete these acquisitions and uplist to NASDAQ, I think this will be a very interesting stock to radar.
I'm not a accredited investor, so I don't have access to the full details of the offering, I wish I knew what the price was, depending on what the share structure was post acquisition, this could be $10 - $15 stock, hard to say at this point.
If the offering was being done at $3 or $4, then it would obviously be worth buying on the open market @ $4, as they would need $4 minimum pps for NASDAQ anyway.
Very tempting to add, but I also don't like the fact that they have not maintained their SEC filings.
https://invest.seriesone.com/
Big Brother
5年前
Plans for the MVXM shell can be found here in the 'Investor Deck'.
seriesOne is currently seeking financing for (2) acquisitions that will grow the company to 200+ employees, $100M+ in revenue, and $20M+ Net Profit, once this happens, supposedly in the next 12 months, then MVXM will apply for uplisting to NASDAQ.
https://invest.seriesone.com/
Big Brother
5年前
Went through this list of companies that have an ATS licence, as I kind of expected I could not find any public OTC companies, other than OTC Markets Group(OTC LINK) themselves.
There are only 55 companies with FINRA approval to operate an ATS. The majority were private, I found 6 NASDAQ listed companies, 2 NYSE listed, 1 OTC listed, and a couple foreign exchange listed. The only inexpensively priced stock that holds a ATS licence is NASDAQ:BGCP @ $5.71 a share, the others were between $30 and $330 per share.
So if seriesOne gets their ATS licence, and goes public through MVXM, this in itself should be pretty valuable. Most of the smaller companies, especially in the crypto/blockchain space, are getting scooped up by bigger companies recently.
Another possibility could be seriesOne getting their ATS, then being acquired by Bithumb, similar to what Coinbase/Seedinvest, and Circle/Venovate Marketplace have done to obtain an ATS.
Whatever happens, should be interesting, hopefully we find out what the plans are by the end of the year.
Big Brother
5年前
Current list of Alternative Trading System(ATS) licence holders can be found here, seriesOne hopes to have theirs by the end of the year, but from what I gather it's a long and difficult process.
Not sure if any of these companies are listed on the OTC as a public company, other than OTC Link of course, which is owned by OTC Markets Group.
https://www.sec.gov/foia/docs/atslist.htm
I do see (2) other big cryptocurrency exchanges listed, Coinbase and Circle, both of these companies got their licences by acquiring companies that already had been granted an ATS licence, with Circle acquiring Seedinvest, and Coinbase acquiring Venovate Marketplace.
Big Brother
5年前
Most curious part of this article:
Bithumb is rumored to be pushing for the backdoor listing in the U.S. through SeriesOne. Do you think it’s possible?
https://www.sedaily.com/NewsVIew/1VJ8OQ2Y1X
seriesOne is not a public company, but they do have a newly acquired shell company in MVXM....hmmm.
Based on what is publicly available, these supposed 'rumors' floating around Korea about a backdoor listing, do seem to have some merit, and would make a lot of sense IMO. If Bithumb were to acquire a majority stake in seriesOne, they would get not only their expertise in US securities regulations/law, investment banking etc, etc, but also the vehicle necessary to go public in the US, which is something they have been wanting to do for over a year now.
Bithumb had originally wanted to go public through OTC:BCII earlier this year, but there have been no updates on that in ages, their SEC filings have gone delinquent, and most of those involved in the proposed RM have resigned.
Big Brother
5年前
Change of control back in May, seriesOne Inc the new owner of the shell and Michael Mildenberger new President. It looks like seriesOne had intended to do an IPO last year, prior to their acquisition of Dynamo Development, however, this may have potentially been abandoned, and now will be going the RM route through MVXM.
https://www.sec.gov/Archives/edgar/data/1685766/000155624419000047/mvxm190509_8k.htm
https://seriesone.com/
https://www.dynamo-ny.com/
From what I gather the original plan was to IPO in late 2018, with an eye to uplist to NASDAQ in 2Q 2019. that timetable has obviously been delayed, but could still be the future plan post RM.
https://www.ethnews.com/bithumb-and-seriesone-to-create-us-security-token-exchange
US FinTech firm seriesOne has operated a crowdfunding portal for businesses and entrepreneurs since 2013. In March 2018, the company created its new funding portal, focused on matching businesses and investors and raising capital through debt equity and initial coin offerings (ICOs). It is currently in the midst of pre-IPO fundraising and is reportedly planning to list publicly on the Nasdaq stock exchange in 2019.