SMCI BULLISH Thesis
This has been the most time I've ever spent researching a stock. So far, in matters of relevance, key indicators have been used based on relevant facts over BS fiction short seller reports. Let's look at historical facts and readily available information. SMCI company is BRUTALLY HONEST, and they are being reported as misleading. I will have every short summaries of all relevant information of last delisting, and recent late filing to instill confidence of actually reporting this time. Adding more calls at open. For Mar 21. paper handed a ton already. over 5 k in profits. Been following since $18.already but the more I dig the more confidence I get. Will allocate more of those funds in intervals before Feb 20 as I believe that day will have huge news. Will probably not add any very long dates calls because I believe market cap will increase 100% by Mar21. Probably 300-500% by 27. But those profits for Mar21-April range are going to absolutely generate 1000s% anyways.
This post indicates all relevant information and overlooks no available Info im confident. if I did post a comment as I’ve got over 100 hours jn on this stock now.
Keep in mind CEOs for SMCI and Nvidia are meeting DDN Feb 20 to discuss what DDN says as possibly ground breaking AI news. Black Stone just invested 300m into this Private equity company. I think we can use some of the words SMCI said in the last business update to make this information relevant like “Confidential new product line” he touched on this Feb 12. Let’s keep in mind SMCI offered 700M convertible notes. Not sure what’s about to roll out but I think SMCI was pummeled with legal fees and this news needs money like now. I’m almost certain we have filing before the Feb 25th. I say this 1) DDN Feb 20 2)Before 20th or after but before 25th release all filings1, 10ks, 3, 10Qs. 3) New CFO before 25. 4) NVIDIA discussing huge earnings with new news on huge upcoming projects. Maybe talking and pumping SMCI with proud partner getting ready for this huge BOOM.
Couple this with Trump, EU already talking HUNDREDS of billions will be dumped into AI over next 5 years. Couple this with trump possibly doing big tax cuts, like we’ve seen in the past. And honestly couple this with the true news that this company is literally pulling in 10s of billions as they were in 2023 and are at half the market cap on all this BS news. I think SMCI priced in for SMCI not listing documents and going under selling OTC I’m being serious. 25b rev this year market cap 24b. This is going to change very soon.
Information below this will give you more confidence that SMCI will 100% file based on being honest in the past. And some other miscellaneous things.
1) September 14, 2017. The initial delay in 10-k. \*EXACT WORDS\* "The Company is unable at this time to provide a date as to when the review and the audits will be completed." this is over internal controls over financial reporting for June 30, 2017, 10-k... "Company operating expense expected to be higher for the quarter because of legal and accounting costs."
2) January 30, 2018. Fin info/Management changes/delayed sec filings update... "Audit Committee completed disclosed investigation. We will need additional reviews before the finalized 10k report to determine if changes will need to be made. KEY UNABLE THIS TIME TO PROVIDE DATE FOR 10-K." Today's new CFO is Kevin Bauer. Needs plan update on FEB 28 for filings due March 13 "SEC Compliance."
3) FEB 20, 2018. The exact words 8 days before the deadline... I need more time for 10k and will request an extension on an update for FEB 28. If not granted, they said they had the option to appeal. (Was Granted) extended 180 days
4) May 3, 2018, Fin/Info Because I'm transparent, I include all "KEY POINT relevant updates to show endpoint differences in tones." Back to update, "Audit committee overseeing additional testing company believes it is nearing completion for \*current filings only\*. \*NOT INCLUDING 10K BACK TO BEARISH\*." Then it directly goes back to saying additional testing is required to analyze the impact on the company's historical financial statements and complete 10k... Back to square 1. They say they will file 10Q for sep30,dec31, and March 31 after the 10k release, but there is no update, and they say additional time is needed for 10k. He still needs 10- K by August 24.
5) July30/Aug 7 4Q fin. Results were scheduled for August 7 after the announcement on July 30 and rescheduled to August 21, on August 7. It's horrible News, as the update was critical at this point because delisting would occur if reports were not filed on August 24... This is where I believe all the people claiming SMCI are crooks. \*But keep in mind at no point did they warrant 10-K was anywhere near ready but consistently diligent with saying current reports are looking good "10Qs", but 10 K still needs extensive care and has to be released first, then goes on and says 10K still needs to go through extensive testing for historical info throughout 2017-2018 going all the way to final update\* Yes this information for investors would warrant an even further upset failing to produce positive News for compliance. But again, at NO POINT DID SMCI EVER POST NEWS OF 10 K progress nearing completion up until or by AUG24.
6) August 21 4Q Fin/Info is irrelevant; it is a separate article. SEC FILINGS... It says, as we all know, extreme leaps were made, but they came up short due to the pure magnitude of historical information that needs to be audited. Remember that the AI wave is pumping in tons of new business, and companies need extensive capital for pure growth to come. And also being blasted by legal fees and accounting costs crippling this company's margins and ability to keep up with demand. But at NO POINT EVER INSIGHTED SIGNIFICANT VALUE IN THE PROOF OF RELEASE OF 10K.
Part 2. (1B) 2024/5 current news. (1B1) News compares/contrasts the 2018 delist to the 25 News and relists 2020. (1C) Deception of short sellers HIDENBUGER (closed)actual truths and findings of (EY).
1B) August 28 Delays 10K internal controls over Fin. Reporting.
2B) November 5: A special committee releases information/SEC filing update \* investigation is complete on concerns raised by EY. No fraud or misconduct was found.\* \*But for remedial measures, strengthen internal governance and oversight functions\* says unable to give a time frame on 10k filings\* No auditor is the reason for that
3B) November 18 new auditor BDO. Ask for a time extension. \*November 20 says they will have all updated audited 10ks and 10qs within the discretionary period\* if it is granted time. This, along with the request for late filings of current quarters, is 10 qs.
4(B) DDecember 2review independent committee. It talks about recommendations for a new CFO, executives, and strengthening measures with more experience. As well what was supposed to be assessed raised by EY. concerns "(i) the integrity of the Company's senior management and Audit Committee, (ii) the commitment of the Company's senior management and Audit Committee to ensuring that the Company's financial statements are materially accurate, (iii) the Audit Committee's independence and ability to provide proper oversight over matters relating to financial reporting, and (iv) the tone at the top of the Company about rehiring certain former employees and financial reporting" All concerns raised by EY appeared to hold no weight, and SMCI was compliant with independent committee everything came back good... Very import read SMCI IR December 2 2024 recommend reading full document. Also, SMCI says they believe they will have all filings within the discretionary period. February 25
5B) February 11, 2024 Fin. Update business call. They said they believe they will file all past and current, up-to-date quarterly and yearly forms. By February 25. They can't say anything more than this, but it's a dead giveaway compared to the reports in the past. Also, I subpoenaed the court for a short seller report from Aug(Hidenburg) And all the suits caused by this. SMCI says these are without merit and that no past statements need restatements.
(1B1) January 9 2020 approved relist 14th first trade day.
(2B1) AUG 25, 2020 accounting investigation settlement. They never actually admitted to anything of fraud but indeed paid the settlement. Whether they cooked the books or not, they likely did. Do I find this necessarily bearish? For the time being, yes (2020).
(3B1) Compared, some factors had near resemblances. Based on reports raised by Hidenburg, EY.
(4B1) In Contrast, there was a reasonable likelihood that 2024 issues were raised for external Speculation. In 2017/18, there was a valid reason to believe that SMCI was cooking books.
1C) Hindenburg reports, I'll be 1000% honest: this is the laziest report I've ever seen written. I'll go straight down the list. The statement is fear-mongering availability bias practice; Hurryand reminds them of 2018. Anyways,. It says SMCI was listed in 2018. Get this. I quote, "By August 2020, found improperly reporting revenue and fined." It would've taken half a second to realize this was, for instance, for 2018 delisting. I will tell you that Smci execs after relisting. I will say this with this statement about hiring three execs back 3 months after reinstatement to scare people that they're doing the same thing. No evidence for years after has ever been brought up about the. SEC heavily looked into SMCI after initially relisting. This is absolute madness. Well, I don't need to tell you this is false because there are about five statements down. The new CFO, extremely honest, goes even further in-depth several pages down. Later in the article,. It goes on and on about how great Kevin Bauer would never steal. Then, he says that SMCI cut his head in 2021 so they could get going. He talks about how the SEC liked him and how SMCI feared him being too fair and honest. But as mentioned, they were already improperly recording revenue 3 months after reinstatement. Then he seems to go on about them doing business with his brothers, about an industry I know well. It looks like this brother's company does sub-assembly, a massive manufacturing tool. I'm sure it's way cheaper labor overseas. Then, it acts as if SMCI is wrong for not disclosing them when they didn't have to until the filing. EY was also going through losing 84 companies because they were labeled the company with the most mistakes made by mad numbers. It costs 200 million dollars with all of these losses for EY. This was a perfect chance for EY to take the steam off their prior failures. Anyways, all the information claimed on SMCI has now been claimed as false. Not only this, but EY did all the 10-Q for 2023. Why did they wait until mid-Octoberr after Hindenburg reported a year after they did the auditing on every 10-Q prior to report all of SMCI fraud?