RE:This is it. Turning point for Venzee Agree in terms of turning point. Lack of any detail on new contracts that the CEO alluded to as being in final stages of negotiation leads one to think (absent of more clarification) that the MRR and connector sales came mainly from the growth in prior stated contracts. Guess we will see in coming weeks to couple months. Seems they now only give specific numbers updated on MRR and total mesh connectors at the quarterly releases.
Important for investors to remember that as price rises especially into the .20 cent and above range the company can trigger early conversion requirements in majority of those warrants and if all appr. 107Mil of warrants get converted this would move the diluted total outstanding into the 320 Mil range and if you add the 22Mil employee/director options averaging .14 cents you get to over 340 Mil fully diluted. So a 100 Mil valuation which I do believe is coming will likely translate into closer to a .29-.30 cent per share value.
Additionally, all should be prepared that as this significant quantity of warrants convert this will create a holding down effect on the share price (absent some other dramatically positive developments happening concurrently) as a decent amount (not all necessarily) but a decent amount of these converted warrant shares will be sold off to lock in a portion of profits for the warrant converters.
This will get worked through but could take at least 2-4 months of holding price flat to down before re-starts reflecting its go forward value.
That said, if they can keep the connector sales growth going and maintain a decent average price per month/per connector then we should be on the way to a steady growth in valuation. Wishing best for all in 2022!