Jun. 25 at 1:44 PM
$DATS DATS owns 34% of RPM Interactive-- that AI-generated publishing platform and software former subsidiary-that is going to be going public (IPO). With 12.5 million shares, DATS could have stock worth 3 times (3X) the current market cap of DATS now. One thing is certain is that there is NO value assigned to this equity stake in DATS financials--no line item saying "marketable securities"--but that 34% stake WILL be valued at the trading price after the IPO.
Just guessing here, but when the IPO is announced, DATS will be trading substantially higher than
$2.72. The current market cap is only
$13.67 Million now with a healthy cash balance on the balance sheet which could increase if the company were to sell some of the IPO shares received.
https://finance.yahoo.com/news/datchat-subsidiary-rpm-interactive-files-121500230.html
The chart looks good here too. Gap has been filled, trading volumes increasing and a short interest that must be getting a little uncomfortable...for the shorts.
It would be nice to see some research analyst coverage. JMO