Cash $17,655. +$27,543 +3.2% S&P +.99%.
Now 85
07/28/2023 13:32:40 Bought 10 UTSL @ 26.47 -264.70
Now 1500
07/28/2023 15:58:37 Bought 500 SDOT @ 1.05 -525.00
07/28/2023 14:01:07 Bought 250 SDOT @ 1.06 -265.00
07/28/2023 12:54:08 Bought 200 SDOT @ 1.11 -222.00
Seeing this as getting in close to the ground floor of their agra commodity business. Expect a long time playing out. CFRA has them at sell, yet earning 29 cents in 2024.
"As reflected in the Company's recent announcements, these results highlight Sadot's continued efforts to deepen its presence in the global agri-food supply chain. Recently, the Company announced the expansion into new trade routes throughout North, Central and South America along with the purchase and initiation of farming operations in Zambia, keeping the Company on track to reach its goals of becoming a significant global presence in the sector."
Probably why they are down currently:
"On July 27, 2023, we entered into a Warrant Exercise Agreement (the “Warrant Exercise Agreement”) with Altium Growth Fund Ltd. (the “Investor”) under which the Company agreed to amend certain Common Stock Warrants to purchase up to an aggregate of 2,153,309 shares of common stock of the Company that were previously issued on November 22, 2021, at an exercise price of $1.385 per share of common stock with an expiration date of November 22, 2026.
Under the Warrant Exercise Agreement, with respect to Common Stock Warrants to purchase up to an aggregate of 2,153,309 shares of common stock held by the Investor, the Company agreed to lower the exercise price of such Common Stock Warrants to $1.00 per share of common stock in consideration of the Investor immediately exercising such Common Stock Warrants and receiving 2,153,309 shares of common stock." |
