ASTS

[Epic]

I don't understand this.
https://www.businesswire.com/news/h...-Offering-of-65000000-of-Class-A-Common-Stock
https://seekingalpha.com/news/3912138-ast-spacemobile-slides-13-on-65m-stock-offering

-AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of $65,000,000 of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”).

"$0.0001 per share" ?????
What does that mean??? I don't get it.

ASTS I guess is a competitor to Elon's Starlink.
I held some ASTS for a bit while it was climbing. I think there's some potential there, but I don't understand this par value $0.0001 per share statement.




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[Epic]

Ahhh ...... it's has to do with something called "Dilution". I have no idea what that is, but I'm reading a lot to see if there's an opportunity to make some $$$$. :dunno:

Discussion >>>>>> https://www.reddit.com/r/ASTSpaceMobile/comments/z6m4jj/weekly_discussion_thread/

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[tsptalk]

Yes, more shares but market caps stays the same so the share price of ASTS will probably drop sharply tomorrow.

 

[Epic]

Yes, more shares but market caps stays the same so the share price of ASTS will probably drop sharply tomorrow.

Thanks !! And your 100% correct, futures show a drop at the open today at about 10% or so.
I read someone say that they felt anything under $6.00 a share would be a good time to grab some, so I may snatch up some for the long term.
They seem to be doing something unique and have one test satellite already up in orbit. More about them here >>> https://finance.yahoo.com/news/ast-spacemobile-provides-third-quarter-213000969.html

 

[Epic]

So, I picked up some at $5.60. We'll see what happens. It could pan out or be a total bust. :dunno:
Please go up, please go up, please go up.......:lmao:

 

[Epic]

Welp........as soon as I bought, it tanked as usual for me.....LOL. It's just now creeping back where I might break even. It's been about 7 weeks. Can't remember how much I threw at it, but it wasn't much. A couple thousand maybe.
I still believe this technology has a future, so I'm going to hold and see what happens. The chart shows when I bought and what it did right after.....
So..... don't do what I do kids. :1244::1244::1244::laugh:

 

[Epic]

Still holding these bags..... :laugh:
Todays a good day, but for the most part since I bought, it's just gone sideways (up, down, up, down).
Still being patient and hoping one day it'll rocket to the moon like I've seen so many others do in the past. :nuts:
So far, I'm still in the Green.

 

[Epic]

I still think this has good potential, even though it's been a DUD so far .
After the successful test, maybe AT&T buys them out and major gains will follow?? :dunno: LOL....
Read Here >>>> https://finance.yahoo.com/news/ast-spacemobile-makes-history-cellular-120000201.html

AST SpaceMobile Makes History in Cellular Connectivity, Completing the First-Ever Space-Based Voice Call Using Everyday Unmodified Smartphones
Groundbreaking milestone reached with support from partners including Vodafone, Rakuten and AT&T, opening opportunities for cellular broadband access globally
The first voice call was made from the Midland, Texas area to Rakuten in Japan over AT&T spectrum using a Samsung Galaxy S22 smartphone.

 

[Epic]

I sold a while ago, but it looks like AT&T did the deal. Gapped up this morning. Will this go anywhere??? I have no idea...........:dunno::dunno::dunno:

AT&T Strikes Space Broadband Deal in Challenge to Musk’s SpaceX

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[tsptalk]

Big move to that 200-day EMA.