Aug. 8 at 1:30 PM
$XNET Question:
When will XNET have to recognize the market value of their 7.8% Arashi (Insta360) holdings? (symbol: 688775)
Anyone have a guess?....Next quarter? ... year end?
I've been sending emails to their IR... but of course no answer.
Right now it looks like they carry this at their vc investment years ago at
$30 million USD.
Market value of their holdings, due to the very successful IPO of Arashi, is now north of
$700MILLION USD.
With a price of
$4.65 the entire market cap of XNET is only
$290 million.