Privately Initial Made Easy

Privately initial

what's up everyone i'm dead inside and today i'm going to be looking at the tritaras dip this was a top voted post on the track stock subreddit and i feel like now is the time to check this out because it has been going down lower and lower and this user right here oppa123 has provided a lot of links and details to help us really check out the company it's pretty interesting they just announced a repurchase share program and they're acknowledging the lawsuit so i'm going to go over that and i'm going to try to determine if now is the best time to buy the dip should we just ignore it should we wait because last time there was a huge increase from the dip and with arcturus when that first dipped i said i you know i think it's good by the dip the second time it dipped i got kind of scared and i said i don't want to buy the dip on octures but with tri terrace it's pretty interesting but it's kind of scary at the same time so on january 18th which was last week triteros authorizes 50 million share repurchase program and provides an update on recent events triterra's recent share price has created an attractive opportunity for the company to institute a stock repurchase program the board of directors has approved a share repurchase of up to 50 million of the company's common stock in open market or privately negotiated transactions which may or may not be conducted through 10b 5-1 plans on december 21st 2020 chairman and ceo uh that guy announced his intention to purchase triterra share in the open market thus far purchases have been made of 169 000 shares by mr connery last week triteros was the target of a short report that is part of what the company believes to be an attempt by one or more short sellers to manipulate the market for their own financial gain and the report contains many inaccurate statements and i'm going to go over this link about tritaras in case you don't know you can watch my previous video it's called the 1.3 trillion dollar problem this company's trying to solve i did a video going over triteros it's a kind of hard business model to understand the one thing that always made me really skeptical was that the ceo said that they spent no money on advertising and they've grown so much and i'm not saying that's not possible but it just seemed almost too good to be true that's just an opinion that doesn't mean anything but triteris is a leading fintech company focused on trade and trade finance it launched and operates kratos one of the world's largest commodity trading and trade finance platforms that connects and enables commodity traders to trade and source capital from lenders directly online okay so they offered this 50 million share repurchase program usually i like this but sometimes there's tricks that these companies can do like alibaba where they will buy back their shares and then increase the amount of shares it's pretty interesting and i went over that with the alibaba if you type in alibaba debt inside i went over that but usually this is a sign of confidence and it lowers your risk of dilution and with the ceo purchasing shares like right here on december 21st the ceo announced his intention to purchase tritara's shares in open market thus far purchases have been made of 169 000 shares that is a good sign like they say there's many reasons why a company will sell shares but there's only one reason why insiders will buy shares and that's because they think it's going up now here is the response to the short seller attack and this was again january 18th last week our company triteris was the target of a short report that is part of what we believe to be an attempt by one or more short sellers to manipulate the market for triterra stock for their own financial gain the authors of this report did not contact any representative of the company before publishing it and the report contains many inaccurate statements we address some of those inaccuracies below so these are public companies they have to be public about what they're doing and these responses right here are going to be pretty interesting and it will definitely help you determine if you think it's best to buy this dip because a lot of times the company can twist the mission the gold effects of the company you know hopefully we do this or do that but if they're just flat out saying this is inaccurate this is not true and here's why i'm going to take that as a fact so they said first it is important to understand that the data set presented in the report which we believe was not obtained solely from public data but certain data points may have been the result of unauthorized access to the company's data is stale and also contains numerous errors that we believe make it impossible to use to draw any reliable conclusions and the conclusions that the report has drawn are wrong simply put the allegation that our volumes have demonstrated the precipitous drop alleged their report is untrue our business remains on track and we also fully stand by our december 22 2020 statements that as of november 30th 2020 there were 66 traders on the platform and that our business remains strong these are like big spenders so you might think like oh 66 traders but with commodity trading this is really big the report also discussed related party transactions that were disclosed in the registration statements related to the business combination and various other documents issued thereafter the company previously reported that for the six months ended august 2020 rhodium and longview subsidiaries collectively represented 25 of our revenues during the period during our recent conference call we disclosed that the combined revenues from those two companies was 11 for the quarter ending november 2020 as we have stated on previous occasions as administrator of the platform we do not capture our clients proprietary product sources or terms of purchase and sale agreements and triteris does not analyze dissect or disseminate our customers information we can confirm however that any conclusion that related parties will comprise 64 percent of fiscal 2020 volume either as a principal or a counterparty is wrong we believe it is less than half of that which would be in line with our previous disclosures we have not attempted to address all the inaccuracies and misstatements in the report but rather have just highlighted a few separately tritara's recent share price has created an attractive opportunity for the company to institute a stock repurchase program the board of directors has approved a share repurchase program of up to 50 million dollars of the company's common stock which may be conducted through open market purchases or privately negotiated transactions which may or may not be conducted through those plans this buyback program is being announced contemporaneously with this statement also a press release and 6k filing will be issued with the results of the previously announced insider purchase of our company stock since december 22nd we have built a profitable and fast growing technology business which we believe is revolutionizing international trade and trade finance and has not been as widely understood by the market as more conventional industries because it's really hard to understand i mean at least for me while not yet a household brand we have been recognized as a top technology solution and have recently won a 2020 singapore monetary authority award for the best technology solution we look forward to a very strong and bright future for triteris these are red days these are huge drops when chipotle had those salmonella scares it happened twice that stock dropped boom and then kind of recovering then boom dropped again if you would have bought that second dip you would have made a lot of money and i'm not saying that this is chipotle but that is why i'm reading this to you because i want to make sure that you can kind of gauge what you feel like is best when i'm talking about skills and these other companies it's so simple to understand it's so easy to see how they will fit in society with businesses like this you have to really understand this trade and trade finance sector pretty well in my opinion so this was just downgraded three days ago i know this is hard to see but the analyst mike downgraded triteris to market perform from outperform without a price target after the company participated in the firm's spec investor conference due to a lack of clarity on a couple of issues and no formal financial results until sometime in may the stock will be range bound for the next several months and then this analyst from openheimer gave it a buy rating six days ago he gives it a price target of 23. and this was another buy rating the analyst reiterated a buy rating on triteris with a 16 price target after the company released an update concerning rhodium resources the trade finance entity that created triteros fintech platform that was the initial drop that i was talking about the stock mark the stock in free market is trading down 24 rhodium has been adversely affected by cv 19 in the lack of financing available for small trade operations and has initiated a restructuring process in response to accreditor demand the majority of trade finance deals are covered by credit insurance so the ultimate outcome for rhodium could be manageable says the analyst binner adds that while rhodium initially was the primary client of triteris triterra's confirmed that rhodium accounted for 15 of its business in the first half of fiscal 2020. he believes the company's core story remains intact and that the shares are attractive at current levels the stock's even cheaper now it was 998 when he talked about it now it's 8 18. this would not be a stock that i'm focused on because it's so hard for me to understand it warren buffett said you have unlimited strikes in baseball when it comes to stocks they're just you know stock goes by stock goes by you don't have to swing at every one just make sure you see that perfect one and then boom this right here the only reason why i'm looking at it is because this has been hit really hard and a lot of times it's just as just like how these stocks are shooting up and they really shouldn't be shooting up that much sometimes these stocks really don't need to be shooting down as much either if you read tritara's press release you would probably feel pretty good about it i'm glad i read the negative downgrade from that analyst saying he feels like there's a lack of transparency if this business truly is a profitable and fast growing technology business when i went over the investor presentation and you can watch the interviews of the ceo on youtube it's like i said it sounds too good to be true so i mean that's how good it sounds but if i had to pick if i think this is gonna go up or go down i would think this is gonna go up from their current levels right now eight dollars went up like almost 20 percent and then oh that's not something that i want you guys to be a part of there's so many other stocks but if you want to get rich in the stock market the way you do it is you zig and zag differently you look at these companies and try to analyze if this is a good buying opportunity but the lack of transparency can send this stock a lot lower so be careful but nonetheless when companies drop that's the best time to look at these companies there's easier to understand businesses to look at prepare to try terrace but the best time in my opinion to look at stocks are two times one before people really understand what the company is doing and they're in a really good growth sector and the second time is when stocks have been hit this hard this is not like 10 drop this is significant drop just want to put it on your radar thank you so much for watching feel free to like and subscribe for more content and research and i'll see you in the next video thanks guys peace you