Source: Financial Modeling Prep · peers by sector/industry
Insider activity (SEC Form 4)
No recent Form 4 filings on EDGAR — either no insider transactions reported recently or this isn't a SEC-registered issuer.
Valuation
Trading at 17.0× sales vs its 16.8× historical median P/S.
Fair value ≈ $4.11 · price $4.16 today
Fair value · 1% above
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Fair-value line = the stock's median historical P/S × sales per share. Price below the orange line = cheap vs its own history; above = expensive. Not investment advice.
$ELEMF today’s filings: the $EMX board exercised all their options, as expected. Based on my back of napkin math, with the fully diluted pre-merger share count of 121m EMX (including all warrants & options) the 933MM deal valued EMX shares at $3.77 (x .2822 multiplier would be $13.37 for ELEMF) because remember EMX took 49%, Elemental took 51%…
(Bear in mind, Tether bought 31.2% at ~$13.33)
This is now trading at a DISCOUNT to the Tether dilution. Huge arbitrage opportunity, imo…
I think there’s just no buy-side volume to prop this up due to us trading OTC until the SEC approves the merger listing (due to delays from the GOV’T shudtown…)
I’m currently funding an IBKR account in order to buy OTC and take advantage of this arbitrage opportunity!!!
@ARMRreport I know I suggested this to you once before but I will do again one last time because I truly think this is a gem during this RISK MONITOR RED environment!!!
$ELEMF $EMX $ELE.X sorry for spamming this board. This article may be helpful for anyone with outstanding options contracts: https://infomemo.theocc.com/infomemos?number=57631
$EMX getting a bit sentimental re: the ticker symbol change 🥲
I must admit, today I am sort of wishing I held my shares with a brokerage other than Robinhood, since I’ve heard their customer service is terrible…
I’d prefer having s real person to talk to, or an office to visit (like Schwab) while this process plays out…
It will be interesting to see if an arbitrage opportunity presents itself during the meantime, while $ELE.X is only listed on TSX-V & $ELEMF on the pink sheets…
If it does, I’ll see you bulls on the buy-side of the book!
$EMX As much as I moan and groan here sometimes about this stock, I'd have to say this is the most comfortable stock to leave my money in and not worry about so much.
$EMX EMX and Elemental Altus currently expect that the Nasdaq approval of Elemental Altus's listing application should be forthcoming following the end of the government shutdown and reopening of the SEC and completion of its review process. So what happens to my shares that are trading here on the US market until then?
$EMX I’m not sure where Stocktwits is getting the MC it lists in the Fundamentals section but it’s way off… The company has 121m shares fully diluted. Current market cap is only $472 million
