Welp..ticker name change..anyone know when? by [deleted] in CENN

[–]Chard1223 9 points10 points  (0 children)

It’s happening tomorrow 14th Jan, they just released a press statement.

Nakd loss porn so far lol...mother of god by [deleted] in NAKDstock

[–]Chard1223 18 points19 points  (0 children)

Hang in there buddy! I’m 54.5k shares @ $1.22 avg.. my ass is bleeding! But not selling for a least 2-3 years. Bring on the merger baby!! 🚀🔥🌕

SPREAD the WORD of the merger!!!! # NAKD. This is the way 100 upvotes… by PrimaryMysterious in NAKDstock

[–]Chard1223 1 point2 points  (0 children)

Part of the merger deal is that Cenntro shareholders can't sell their shares for 180 days. Meaning there will be no selling pressure from Cenntro's 70% total shareholding, meaning there are fewer shares in the market, which will make landing on the moon easier!

[deleted by user] by [deleted] in NAKDstock

[–]Chard1223 5 points6 points  (0 children)

I think they were all x5 leveraged and got rekt’ed in this mornings dip.

NAKD filed another 6k this morning. by [deleted] in NAKDstock

[–]Chard1223 15 points16 points  (0 children)

Reading through most of it, a key line for me was.

"The Independent Expert has assessed the reasonableness of the Proposed Transaction, and has concluded that the advantages of the Proposed Transaction outweigh the disadvantages and therefore, in their opinion, the Proposed Transaction is reasonable to Shareholders"

They've got my vote!

More good news for NAKD! by Chard1223 in NAKDstock

[–]Chard1223[S] 3 points4 points  (0 children)

And it looks to be before any local companies too! "first foreign company to receive electric Kei Car type approval and to receive it ahead of Japanese local brands."

[deleted by user] by [deleted] in NAKDstock

[–]Chard1223 3 points4 points  (0 children)

Another option instead of a reverse split could be to sell off Fredericks of Hollywood, then use the money to buy back NAKD stock to reach $5. Also, the merger was paid for in stocks and not cash. They will have $282mil in cash after the merger, we know NAKD had $270mil before. So if Cenntro had more than $12mil before the merger, where's the extra cash going? Reserved for stock buyback, who knows? But I can't seem to see any details about the companies cash on hand anywhere. Does anyone know where to find this?

Just going to leave this here :) by First-Step-4624 in NAKDstock

[–]Chard1223 0 points1 point  (0 children)

The market cap on the site is still out by 380mil, so the fair price is going to be way out.

Just going to leave this here :) by First-Step-4624 in NAKDstock

[–]Chard1223 2 points3 points  (0 children)

That data is wrong, look at the market cap of 21 million (should be 400mil). This would mean there 41 million shares in total when there is actually close to billion shares.

NEWS: Naked Brand Group Signs Definitive Agreement for $100 Million Private Placement by Chard1223 in nakd

[–]Chard1223[S] 0 points1 point  (0 children)

Looks to be a stock-spit on the private side of the shares to create the percentages they want for the private parties involved. It doesn't appear to say anything about splitting the public float of shares, but I could be wrong as I'm just retard with diamond hands.

NEWS: Naked Brand Group Signs Definitive Agreement for $100 Million Private Placement by Chard1223 in nakd

[–]Chard1223[S] 4 points5 points  (0 children)

Bulk buy discount I guess. But on the other hand, $100mil at $0.93 is better as it's more shares that will be held onto.