Disclaimer: This is not financial advice. I’m just speculating on what could happen to a company that holds savings in Bitcoin and ends up on the OTC market. Is it poor management, or are they trying to take the company private? One can only guess.
If CIMG Inc. still holds the reported 730 BTC, the company could have roughly $50M+ worth of Bitcoin, while the stock trades around $0.098 on the OTC market after the Nasdaq delisting. That would imply the company is trading at an extreme discount to its Bitcoin holdings, assuming the BTC is still there.
Their latest news seems a bit suspicious, but I wonder: if the management already holds a large portion of shares, could they take the company private themselves? Or could another outside actor see an opportunity? How easy is it to acquire a majority stake on the OTC market?
Posted by HelixMaximus
1 Comment
Interesting angle. In situations like this I usually try to separate the story from the mechanics: do we have any recent confirmations on the BTC holdings (audited statements, wallet info, filings), and what does the float/liquidity look like on OTC if someone actually tried to build a position? If the BTC is real and accessible, the discount could be wild, but OTC can stay irrational for a long time. Not marketing related, but we have a quick checklist we use for evaluating these kinds of narratives vs fundamentals here: https://blog.promarkia.com/