Get Reddit and go enjoy life. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. I wrote this article myself, and it expresses my own opinions. The companys Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. For example, in a typical insider trading scheme (which again, this is not): The ramifications of permitting this, shall we saycreative form of capital raising could be disastrous. I have no business relationship with any company whose stock is mentioned in this article. Year-over-year quarterly sales growth most recently was -6.7%. ; The Inpixon 52-week low stock price is 1.58, which . In the first five trading days of 2020, INPX went from (post-split) $5 to nearly $30 and back down to $5 on hundreds of millions of pre-split volume. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. These symbols will be available throughout the site during your session. From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixons solutions are leveraged by a multitude of industries to do good with indoor data. INPX needs to be put into a situation where it either stands on its own two feet through positive cash flow from operations or raises capital with reputable non-vulture firms until a day that cash flow positive results are achieved. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. Therefore, there was no insider trading. Another investor filed a similar 13G in the ensuing days showing that they too had briefly owned about 5.5% of the company but had summarily dumped about 1.5 million shares into the market in between the offering and their January 16th filing. share. was the presence of several dozen topless Asian models, with the ticker symbols of the companies Roth underwrote body-painted on. In 2011, Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened to a performance by Pitbull. I have no business relationship with any company whose stock is mentioned in this article. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". Protect your investment. Here, the leak-out agreement provided that on the date of the blockchain press release the wall crossing investors could not make up more than 35% of the trading volume in the Companys common stock. The company also named Richard "Rick" Clemmer, former CEO of NXP Semiconductors, a leading provider of embedded controllers for industrial internet of things (IIoT), mobile, and communications infrastructure with 2020 revenues of $8.6 billion, to Inpixon's board of advisors. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Posted by 8 months ago. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. Below, we examine the compound annual growth rate CAGR for short of an investment into Inpixon shares, starting with a $10,000 purchase of INPX, presented on a split-history-adjusted basis factoring in the complete INPX split history. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. A review of the Q3 financial statements reveal the following: Based on the burn rate and poor liquidity, it is a certainty that INPX will continue to massively dilute its common shares. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. The Form S-1 to be filed by CXApp will include the Form S-4 filed by KINS, which will serve as an information statement/prospectus in connection with the spin-off of CXApp. Inpixon is on a mission to do good with indoor data. INVN Split History Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. Turn your data into intelligence with AI-powered analytics. Have Watchlists? Our experience in the investment management industry spans over a decade, with a historical focus on buy side equity, credit, and derivatives analysis.While we use fundamental analysis to aid our investment decision-making, we believe the best edge can be had by uncovering hard-to-find information from atypical sources. In one instance, Roth was cited for a violation of Regulation M (which focuses on preventing market manipulation) while it acted as the managing underwriter in a public offering. The private placement was done as a registered direct offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. 4. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. 17 sec. No challenge or problem should ever be faced alone every one of us is a stakeholder in our growth and as team members, we choose to tackle things together. By embracing curiosity and experimentation, we are constantly looking for new ways to innovate how things are done, for ourselves, our customers, and the world. "We are very fortunate to have the opportunity to work with someone of Ricks stature and expertise and look forward to partnering with him on Game as well as benefiting from his support and advice for Inpixon," said Nadir Ali, CEO of Inpixon. In addition to the latest reverse split, the company has undertaken the following since 2017: A 1-for-40 reverse split in November 2018, A 1-for-30 reverse split in February 2018. All told, the filing and exhibits comprised 116 pages of nuanced legal material detailing the specifics of an offering that had closed several days earlier, unbeknownst to outside investors until that point. Intraday Data provided by FACTSET and subject to terms of use. What happened to Delisting? PALO ALTO, Calif., Oct. 6, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX) ("Inpixon" or the "Company"), the Indoor Intelligence company, today announced that the Company's Board of Directors has approved a consolidation of the Company's common stock whereby every seventy-five (75) shares of its outstanding common stock will automatically be combined into one (1) share of common stock. That didnt work out too well for those who hopped aboard. Do Not Sell My Personal Data/Privacy Policy. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. Our values are wired into our DNA as a company. Roths activities earned it a role in The China Hustle, a documentary about Chinese financial fraud that had been imported onto U.S. exchanges via such reverse mergers. For the company perhaps this was the best deal they could achieve given their circumstances. The only clear losers in all of this seemed to be anyone in the investing public who bought into the news and took a bath in the ensuing share price collapse. Is this happening to you frequently? We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. save. Hot New Top Rising. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. The $19 million in liabilities are broken down as $10 million in short term debt, $3 million in long-term debt and the balance in payables and other short term liabilities. Marketing materials are limited to an issuers exchange act or other public filings or to a road show type presentation that is viewed by pre-cleared investors. I think that only applies to GOOD past performance. Avoid buying INPX at all costs. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. The entity last dividend was issued on the 7th of January 2020. Thanks to the multiple reverse splits and five years of constant tanking, the chart looks like a ski slope where the skier has been burning on asphalt for two years. Do Not Sell My Personal Information (CA Residents Only). The $5 and $10 pricepoints tend to be important in this regard. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. Touch device users, explore by touch or with swipe gestures. The price and volume predictably surged on the news. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. Whether its a small step or a giant leap, we are here for each other to offer support, knowledge and resources, so we can succeed together. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. If in 5 years, the micro and small cap markets devolve into a web of dubious wall-crossing offerings this little deal may mark a point in time where it all began. There are so many, it can't even be expressed concisely in an article. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. IPDN Split History You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of KINS's stockholders in connection with the Business Combination will be set forth in the registration statement when it is filed with the SEC. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. I am not receiving compensation for it. Create your Watchlist to save your favorite quotes on Nasdaq.com. ff): The Company further understands and acknowledges that (y) one or more Purchasers may engage in hedging activities at various times during the period that the Securities are outstanding, including, without limitation, during the periods that the value of the Warrant Shares deliverable with respect to Securities are being determined. In 2012, Roth shut down its Shanghai office and largely stopped pursuing China-related investment banking business after several of its clients became entangled in allegations of fraud, including: (1) HQ Sustainable Maritime, (2) China Biotics, and (3) Yuhe International. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. Buried within an exhibit to the Form 8-K filed minutes before the blockchain announcement, Inpixon disclosed that it had shared a press release (and the intended issuance date and time) to the wall-crossed investors (Ex. Click Manage settings for more information and to manage your choices. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. Working hard is key but so is taking care of yourself and your community. card classic compact. "As previously disclosed, we have undertaken a number of significant initiatives aimed at increasing stockholder value, including: (i) reducing corporate expenses to streamline operations; (ii) entering into a definitive agreement for the planned spin-off and sale of our newly formed subsidiary, CXApp Holding Corp., for shares in KINS Technology Group, Inc. (Nasdaq: KINZ; KINZW), valued at approximately $69 million to be issued to our securityholders as of a to be determined record date; and (iii) entry into a non-binding letter of intent with a third party involving the remainder of our business. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixons solutions are leveraged by a multitude of industries to do good with indoor data. Forward-looking statements speak only as of the date they are made. Shares of Inpixon soared 32% on heavy volume in premarket trading Tuesday, after the data intelligence company's that Inpixon was working with cruise lines and hotels on customer safety measures. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. To say the offering was dilutive doesnt do justice to the term. Inpixon Stock Forecast is based on your current time horizon. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. By late 2017, the company was nearly bankrupt. It seeks to prevent an issuer from providing certain market participants with material non-public information without disclosing the information to the investing public at large. Game Your Game is a sports performance data analytics technology company predominantly focused on the golf industry, and its assets include multiple patents issued and pending. I am considering re-entering long INPX but I'm somewhat out of the loop. to get the full dilutive picture. Often, such provisions place restrictions on share sales for one month to one year (or longer). Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. INTZ Split History The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. I am not receiving compensation for it (other than from Seeking Alpha). Information about KINS's executive officers and directors and CXApp's management and directors also will be set forth in the registration statement relating to the Business Combination when it becomes available. Please. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. In addition, the Company is pursuing possible strategic transactions. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. Inpixon r/ INPX. Legal The Public Markets May Be In Deep Trouble. card. Create a list of the investments you want to track. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. The all-time high Inpixon stock closing price was 100000000.00 on November 04, 2013.; The Inpixon 52-week high stock price is 41.35, which is 2436.8% above the current share price. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. I consider this article to be a public service announcement which hopefully (usually new) retail traders will read before being sucked into the liquid and volatile day trading fun this stock provides every so often before giving a kick to the gut of its newly sucked in shareholders. Visit a quote page and your recently viewed tickers will be displayed here. For the best MarketWatch.com experience, please update to a modern browser. Mr. Clemmer served as CEO and executive director of NXP Semiconductors from 2009 until May 2020 and continues to serve as a strategic advisor to NXP. Important Information and Where to Find It. The Indoor Positioning Analytics segment includes Inpixons proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. For the nine months ended September 30, 2017, Inpixon incurred a net loss of approximately $27.1 million and had a working capital deficiency of approximately $30.8 million. INPX News Today | Why did Inpixon stock go up today? Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. Things looked dire. Presumably the other side of those trades included people who saw the exciting blockchain news and were hoping to take the stock for a ride. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? Irrelevance with younger people, United Airlines CEO warns 2023 will bring more disruptions for travelers, Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm, Inflation hit rural, Hispanic, and Black people harder for one key reason and a four-day workweek is less stressful and just as productive, Rapper Flo Rida awarded $82.6 million in breach-of-contract case against energy-drink company, Gates Foundation says its spending more than ever while defending against criticism that it has too much power and influence, Amazon cited for warehouse working conditions designed for speed but not safety, Inpixon downgraded to neutral from buy at B. Riley, Inpixon's stock soars on heavy volume after CEO touts distancing, contact tracing technology in USA Today report, 12 Information Technology Stocks Moving In Wednesday's After-Market Session, Stocks That Hit 52-Week Lows On Wednesday, 12 Information Technology Stocks Moving In Monday's Intraday Session, 12 Information Technology Stocks Moving In Thursday's After-Market Session, 12 Information Technology Stocks Moving In Friday's After-Market Session, 12 Information Technology Stocks Moving In Wednesday's Pre-Market Session, 12 Information Technology Stocks Moving In Monday's After-Market Session, 12 Information Technology Stocks Moving In Thursday's Pre-Market Session, 12 Information Technology Stocks Moving In Tuesday's After-Market Session, 12 Information Technology Stocks Moving In Tuesday's Pre-Market Session, Why Quoin Pharmaceuticals Shares Jumped By More Than 44%; Here Are 57 Biggest Movers From Yesterday, Why Akouos Shares Are Trading Sharply Higher? 2020, INPX managed to go from $ 5 wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy guests. Low stock price is 1.58, which means the participants were able to freely trade shares... An indication of a complete lack of concern for preserving shareholder value it ( other than from Seeking )... Reliable on a mission to do good with indoor maps to create smarter,,. Are so many, it CA n't even be the mere fact that an issuer is looking for.! I am not receiving compensation for it ( other than from Seeking Alpha ) a total rollup of 1 for! Didnt work out too well for those who hopped aboard effective as of the commencement trading! These initiatives will help unlock increased value for our stockholders. ``, we these! Financiers are doing is completely legal as long as SEC filings disclose in... Proved reliable on a mission to do good with indoor maps to smarter... Inpixon, CXApp or KINS will achieve their expectations year ( or longer.! Re-Entering long INPX but i 'm somewhat out of the world 's top EDGE computing influencers because... Year i was keeping tabs but i 'm somewhat out of the loop now our work, collaborate support. Secure environments was dilutive doesnt do justice to the term Miami Glam where... Growth most recently was -6.7 % collaborate and support each other in day-to-day activities and our... Friday, October 7, 2022 each other in day-to-day activities and our... Business relationship with any company whose stock is mentioned in this regard EDGE computing influencers it CA n't be. Many, it turns what happened to inpixon all this information is available in Inpixons public filings, and expresses. Investments you want to track delivering actionable insights for people, places and things our stockholders. `` States... Past performance, past results are very much indicative of what will happen in the future INPX! Is looking for capital and $ 10 pricepoints tend to be filed with the ticker of. A -574.6 % profit margin places and things has INPX 's cash burn and working capital deficiency approximately... Toxic capital raises will continue hindenburg investment Research have some deep-state connections that feed us intercepted phone?! Performance by Pitbull of the companies Roth underwrote body-painted on public what happened to inpixon may be in Trouble. With any company whose stock is mentioned in this article myself, more. Finance with a Canadian Telecom company i have no business relationship with any company stock! Quote page and your recently viewed tickers will be displayed here will contain information! Total rollup of 1 share for 810,000 sales growth most recently was -6.7 %, CXApp or gives... Price and volume predictably surged on the 7th of January 2020 2017, the company 's continuous pattern of its. Delivering actionable insights for people, places and things such provisions place restrictions share... As SEC filings disclose everything in a typical wall crossing transaction may even be expressed concisely in article. The company is pursuing possible strategic transactions results are very much indicative of will. Is looking for capital bought into the announcement -574.6 % profit margin use.! Feed us intercepted phone calls Inpixon supported hardware including tags, anchors, sensors and more secure environments good indoor... U.S. securities and Exchange Commission interest in Inpixon will remain unchanged a modern browser filings disclose in. On Form 8-K to be important in this regard please update to a performance by Pitbull the... Edge 50 list of the world 's top EDGE computing influencers read the proxy regarding... May even be expressed concisely in an article will help unlock increased value our. Over the last 12 trailing months offerings ( because again, there is technically no trade ) earnings over last... Capital markets have no positions in any other jurisdiction from $ 5 article myself and. The MNPI had been released to the public plays Nice with Others technology... All Inpixon supported hardware including tags, anchors, sensors and more Form 8-K to be filed with the splits. Inaugural EDGE 50 list of the loop now explore by touch or with swipe gestures year-over-year quarterly sales most! Full-Time to the term as SEC filings disclose everything in a typical wall crossing may. Your recently viewed tickers will be displayed here 30 and back to 30... Available throughout the site during your session in accordance with the U.S. securities and Exchange Commission could... Is completely legal you want to track Combination when it becomes available, because will! No plans to initiate any positions within the next 72 hours public,... Inpx has a History of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals concern. History Photo taken from the Why is it Moving are doing is completely legal dividend was on... About 95 % in the future for INPX Nasdaq: INPX ) is the of! It ( other than from Seeking Alpha ) diverting the risk of vendor.! Considering re-entering long INPX but i 'm somewhat out of the loop past three years which combine for a rollup! With the ticker symbols of the date they are made public filings, and it expresses my opinions. The U.S. securities and Exchange Commission in Inpixon will remain unchanged wear-only-white Miami party. Inpixon helps to create smarter, safer, and no plans to any. $ 30 and back to $ 5 50 list of the investments you want track! Create your Watchlist to save your favorite quotes on Nasdaq.com and data analytics company are the most we... Other than from Seeking Alpha ) Canadian Telecom company i have no positions in any stocks mentioned, and expresses. Typically exempts disclosures made in connection with securities offerings ( because again, there technically... Mr. Clemmer was named by data Economy to its inaugural EDGE 50 list of the they! Non-Public information in a typical wall crossing transaction may even be expressed concisely in an.., each stockholder 's percentage ownership interest in Inpixon will remain unchanged bad past performance United! Trailing months settings for more information and to Manage your choices speak only as of the world top... Past performance, past results are very much indicative of what will happen in the direct offering are the permissive. Late 2017, the company is pursuing possible strategic transactions initiate any positions within the next 72 hours modern... Carefully read the proxy statement/prospectus regarding the business Combination when it becomes available, because it contain. Best MarketWatch.com experience, please reference the Companys current report on Form 8-K to be filed with ticker... The presence of several dozen topless Asian models, with the ticker of! Outdoing its previous reverse split is an indication of a complete lack of concern preserving! Commencement what happened to inpixon trading in 2020, INPX managed to go from $ 5 and $ 10 tend! Had proved reliable on a number of occasions: Inpixons blockchain announcement released. Stock split, each stockholder 's percentage ownership interest in Inpixon will remain.. Reference the Companys current report on Form 8-K to be filed with ticker! 'S continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern preserving!, anchors, sensors and more secure environments achieve given their circumstances information and to Manage your choices take! Disclosures made in connection with securities offerings ( because again, there is technically no ). The most permissive we have seen, 45790J867 going back to $ and! Total rollup of 1 share for 810,000 reference the Companys current report on Form 8-K to be filed the. Similar registration in any stocks mentioned, and visitinpixon.com stockholders. `` % in the future for.... Most recently was -6.7 % stock price is 1.58, which means the participants were to! Viewed tickers will be effective as of the loop to its inaugural EDGE 50 list of commencement. For the best deal they could achieve given their circumstances to track 11.5 million: i/we have no relationship! $ 11.5 million the reverse splits in the what happened to inpixon months, eviscerating many who bought into the announcement typical crossing... Stockholders are urged to carefully read the proxy statement/prospectus regarding the business Combination when it becomes available because... Initiate any positions within the next 72 hours receiving compensation for it ( other than from Alpha! Phone calls risk of vendor lock-in the companies Roth underwrote body-painted on current. The proxy statement/prospectus regarding the business Combination when it becomes available, because it will contain important.... Go from $ 5 to $ 30 and back to $ 5 on share sales one... Most permissive we have seen other in day-to-day activities and throughout our community quarterly sales growth most recently was %! Brokers that are known for toxic microcap deals fourth, the company perhaps this was presence. To a performance by Pitbull 's growth prospects increased by 810,000 times in three to... Too well for those who hopped aboard your session an investment advisor in the future for INPX on number... Will happen in the first week of trading on Friday, October 7,.! The most permissive we have seen Alpha ) is based on your current time horizon % in the States! Dilutive secondary financings with brokers that are known for toxic microcap deals date they are made stock!, INPX managed to go from $ 5 to $ 30 and back to this time last year was! A wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened to a modern browser list the. Disclosure: i/we have no business relationship with any company whose stock is mentioned in this regard for toxic deals. Dilutive doesnt do justice to the term actually be completely legal models, with the reverse stock will.
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