Hello everyone. Here are my two cents related to MICS – Singing Machine Inc.
Recently Bitnile Holdings bought 52% stake of the company believing his value was too low.
MICS has 2M shares as float and if we consider 52% “blocked” by Bitnile, we have 1M shares float (very low!) . Add to this a “Short Interest % Float 50.71%” (Source Fintel). CTB is currently 110%.
I don't to call for “the short squeeze” thing because I think it's not a good way to invest my money but MICS is a company with 0 debt, positive EPS and positive cashflow…Currently his value is less than his revenues. So the value will rise naturally and could trigger some sort of squeeze (which I repeat, I don't care but If it happens it could go on fire).
This is incredibly good. Basically I think this could be a easy 100% run (I don't think much more because there is a risk of “rise of capital” just to profit from the situation.
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