 Hey traders, this is T Bradley 90 from the my invest and club chat I'm one of the top mentors and moderators in chat as a special gift to our viewers on YouTube We have created a free two-hour course to help teach you how to start a consistently profitable trading business and identify high-paying setups in just 30 days There will be limited seating every week So register for the course and reserve your spot now Using the link in the description as a special bonus for everyone that watches the entire video We will give you the link to a free 10-hour additional mini course that has never been released to the public Register now before all slots completely fill up. Hey, what's going on everyone? It's a Chicago trader checking in for the weekly fundamental video I hope you guys have a nice weekend here Want to do this one a little bit different not a whole lot of names You know the move this week were kind of worthy of a video and even the last couple weeks You know just a few little names moving but nothing too intriguing, but so I ended up on the weekend Mentoring and questions, you know asking some of the things that I you know you guys want to see covered So I'm gonna go over a few of those today and just a few other things So first and foremost Taj brought up a great point. You know, I obviously am going over BAM sec highly recommend I believe it's $25 a month a little bit more user-friendly in my opinion than SEC.gov And I'll go over just kind of how it's structured why I use it and just a few other things, but first things Obviously, you have the financials the news right the prospectus is so You know, it's just gonna have their you know Q on Q2 Q3 and then they're 10k if it's a What you'll call it a foreign issuer these will not be updated. They'll just do the 10k's News you guys know I've been asked this question a little bit. You know, what do I look for? Obviously, it's just kind of news in the last You know four or five months So one of the things to I do is I get the cash, you know, I try to figure out the cash See if they have any access to you know an ATM or a credit line You know see if they have availability to get some cash if they can dilute or if they have you know a way to get money If they don't I want to come back here and look at the most recent You know a case because a lot of the 8k's guys They'll have news of you know contracts or agreements and they get some money up front So in case you missed it last week I Last week or two weeks ago take two was one. It was a little bit low on cash. I mean not desperate They had a recent ATM. So that was one thing but If you come to this 8k, you know, they were Going to be up to you know this agreement that they had was gonna be up to 63 million dollars But it also got 6 million up front So again, that's not something you'll see in the most recent 10Q right because that 10Q is filed on this August 2nd this news came out on September 9th. So, you know, you see a lot of people Say that you know something's a long cash But you know, you got to obviously look at the recent agreements to make sure in cases like this that You know, they don't have a little bit coming to them anyways So one of the things that's extremely handy. You can see the ownership by owners So BTBT if you guys know it's a pretty unique situation And I'll go over this in a second So Ron Perlman is a billionaire. I think he's worth four or five billion dollars. This is his company. They own 80% of this company BTBT So we come back here It hasn't leave Yeah, I think this is it's a little bit higher, but they own There's about 50 million chairs 51 million chairs now but he owns Come down here to his subsidiary Yeah, so they own 47 million shares, which is 81% of the company So this is actually one of the cases where if you come to FinVis, it's fairly accurate, right? 55 million and then the floats 8 million because you can see about, you know, 82% of the company is owned by him So what does that mean? So if this gaps up, let's just say tomorrow to a $3.00 or $3.50 Will this trade like an 8 million float? And The question is not necessarily And why do I say that? So again in theory, let's say it's gaps up on good volume to 350 tomorrow So he's been buying shares, I mean forever in this company if you you know kind of scroll down So these share let's just assume that he's bought some shares here this day Let's say about a million shares on the 18th, which was just a few days ago Could he sell those and the answer is no he is when you own Over 10% of a company you're considered an insider and you have Restrictions you can't flip the stock when you own over 10% You have to hold it for six months, which it's not coincidental guys That sometimes when you look at these ownership filings that people will own 9.99% right because you're under that threshold Also, when you see people have that 9.99% a lot of times we'll get warrants Warrants are not considered at you know shares, so it's a way around the 10% ownership But let's go back again, so let's I want to touch on this so You know VTV T let's assume has you know 52 million OS Ron owns how much was it just one right? 47 so he owns 47 million shares So what does that mean? So really you could assume that the folks closer to 5 million See if it has the outstanding shares there with me for a second guys Okay, so there's 58. So sorry. Sorry is off on that. So it's 58. He owns 57 So the flow would actually be 11 million so this gaps up to 350 won't trade like an 11 million I said not necessarily and let me explain why because these shares that he bought on You know just a few days ago restricted, but if you look back here, let's say he bought Let's say he bought 10 million shares this day, which is he did it but in theory and that was seven months ago So could he sell these 10 million shares if it gaps up tomorrow and the answer is yes So why would that not be you know if he owns 10 or 47 million it gaps up And let's say he gets rid of 10 million so he owns 37 million Well, what happened to that 10 million shares? Well, they got dumped on the float, right? So then the next day, let's say it somehow held up the flow would actually be 21 million, right? Hey traders, this is Tosh I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about MIC Joining MIC, maybe you're a member already you have three ways to contact myself personally and through MIC You can hit our social media You can hit me through pms and chat or you can contact us through my email at Tosh at my investing club comm That's Tosh at my investing club comm I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to Be afraid to reach out and ask any question that they have we are here for you guys. All right. See you guys