KM_MusicalxFelony

913 posts

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KM_MusicalxFelony

KM_MusicalxFelony

@MusicalxFelony

stonks/lewds/fgc

Wichita, KS Katılım Ocak 2013
1.1K Takip Edilen152 Takipçiler
Mojo
Mojo@MrMojoRisinX·
I received several messages this morning on that other platform (subbbbbb.....st*ck) about ticker $MAPS. I am not that familiar with this company/stock, but I have heard a pitch and recall the insiders attempting a management led buyout in the past. I am not involved and am very unlikely to get involved directly as I am pretty busy with some other mandates that involve constructively working with c-suites to effectuate change. If I understand this correctly, $MAPS runs a two-sided cannabis technology platform. Weedmaps connects cannabis buyers to licensed dispensaries on the consumer side. WM Business sells SaaS tools including menu management, CRM, loyalty programs, and delivery logistics on the merchant side. Revenue comes from monthly listing subscriptions and advertising placements. Seems like there are potential buyers for this business ranging from DASH, UBER, GoPuff, perhaps even direct competitors like YELP, and then distressed PE who would likely restructure the business, clean it up, wait for rescheduling catalyst, and then flip to a strategic partner. Jack Dorsey and Block are also interesting here given Block's existing presence in the payments and POS space for small merchants, and cannabis dispensaries are exactly the kind of underserved merchant vertical that fits that thesis. So today, MAPS surprised its holder base with not another take private proposal but instead announced it would voluntarily delist from Nasdaq and move to OTC markets. The company plans to file a Form 15, which terminates its SEC reporting obligations entirely, and the last day of Nasdaq trading is expected to be April 24, 2026. Btw $TOKE owns 800k shares and is also liquidating so they probably exited their position today in this 50% downdraft (12mn+shares have traded). Again, I am new to this situation, but this looks coordinated and frankly well thought out. The MAPS board was almost entirely replaced in the months prior to this announcement. Three new directors were appointed between February and March 2026, all with ties to the founders or cannabis private deals. Scott Gordon, the most prominent independent voice and former CEO of the SPAC that took MAPS public, resigned one day before the delisting was announced. The company also switched auditors four days before the announcement. Co-founders Doug Francis and Justin Hartfield control roughly 40% of the combined voting stock. Francis is now both CEO and Chairman. They previously attempted a take-private bid at $1.70 per share in late 2024 but withdrew it in June 2025 after a special committee was formed to evaluate it. I want to be careful here, but this is how I see the alleged strategy. By delisting before making any formal bid, the founders avoid triggering Delaware's "Entire Fairness" review standard, which would require a fairness opinion from an investment bank that would almost certainly highlight the gap between the $62 million cash position and the market cap. Once the stock drifts to pennies on OTC with no institutional coverage and no SEC filings, they can make a lowball offer and claim they are paying a premium to the OTC price. They then wait for federal cannabis rescheduling or banking reform and sell to a strategic buyer at a massive multiple. From there, a Nevada reincorporation becomes the logical next move for bad actors who want to finish the job, and I have written about this playbook before in tweets and Inside Mojo. Delaware allows lawsuits for breach of the duty of loyalty. Nevada requires proof of intentional misconduct or fraud, a much higher bar. With founders controlling 40% of the vote and institutional holders likely exiting, pushing through a reincorporation vote becomes realistic. If these guys are as calculated as this looks, that is likely already on the whiteboard. Which is why anyone considering action needs to move with urgency. Once they go dark and reincorporate, the legal window closes pretty fast. On what shareholders can actually do today: the most actionable path is social media pressure combined with finding a white knight who believes in this business and can move quickly. And critically, a legitimate acquirer does not need to go through this board. A formal tender offer goes directly to shareholders and requires public SEC filings, meaning an interested party could bypass the board entirely and take an offer straight to holders before April 24. Any bidder crossing 5% ownership also triggers a mandatory Schedule 13D filing, so this does not happen quietly. The window to make that move while MAPS is still listed on Nasdaq is two weeks. The legal paths, breach of fiduciary duty and securities fraud tied to the prior MAU misrepresentation, a matter they have already settled once, are real but slow and expensive. If a formal merger or squeeze-out eventually happens, Delaware appraisal rights allow dissenting shareholders to demand a judicial valuation, but that is a years-long process. The white knight angle is the one worth pursuing hard and fast. Anyone seriously looking at this, feel free to reach out.
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Bob Smith
Bob Smith@BobSmith921475·
@INArteCarloDoss No thanks. We don’t want to be flooded by criminals and terrorists again. We prefer the ones in office.
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kturet
kturet@kturet·
@srg444 @Moneyman_2017 @HenryLuMencken Management discouraged a $1.70 cash per share offer proferred by insiders a year or so ago. @RodAlzmann claimed in March to have purchased a large percentage of $MAPS shares and wrote that he expected a new offer to be imminent. Rod has since hidden his account posts.
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StefanM
StefanM@smykyt·
@HedgeyeDJ @HedgeyeRestos $MAPS - as noted above B/S net cash and silly valuation. CEO struck a negative tone on the Q4 call but keep in mind he tried to take this private last year at $1.70 and didn’t find attractive financing so I wouldn’t be surprised if he is hoping for a lower price now
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Jonesy
Jonesy@HedgeyeDJ·
The Cannabis industry is getting interesting again with rationalization and profitability coming into play. @HedgeyeRestos and I are sharpening our pencils. Any thoughts from anyone on investable ideas - long or short?
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KM_MusicalxFelony
KM_MusicalxFelony@MusicalxFelony·
@staypredictable @Reuters @ryancohen This actually makes me bullish. Reminds me back in 2020/2021 when Melvin capital was out making a shit ton of hit articles on $gme. Go ahead and drive down the price. I'll be loading up more. They're in a 10x better position than covid times. I'm more confident now than then
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Stay Predictable
Stay Predictable@staypredictable·
This @Reuters article in $GME literally only listed revenue decline, hardware decline, SG&A decline, interest income, and @ryancohen performance-based pay plan. No mention of EPS, net income, free cash flow, cash pile, or collectibles growth. Corrupt. reuters.com/business/games…
Stay Predictable tweet media
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KM_MusicalxFelony
KM_MusicalxFelony@MusicalxFelony·
@DOMOCAPITAL I got back in when I saw burrys confidence in Cohen and the news of that cancelled cohen interview. It would be neat seeing all the OGs putting chips on the table.
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KM_MusicalxFelony
KM_MusicalxFelony@MusicalxFelony·
@quqco That Cartier necklace. I like the subtle flex. Most twitch nerds wouldn't know about this.
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quqco
quqco@quqco·
Why does it look broken?
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quqco
quqco@quqco·
Inappropriate 🥰
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quqco
quqco@quqco·
Why do they look so good today??????
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KM_MusicalxFelony
KM_MusicalxFelony@MusicalxFelony·
@HSugarCookie Do a collab cosplay. Get yourself a 2fer. Get a cloud wig. I'ma tifa simp but that aerithxkamura is *chefs kiss.
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🍖 Harriet Sugarcookie 🍖
🍖 Harriet Sugarcookie 🍖@HSugarCookie·
I want to do a monster hunter cosplay. But there’s too many cool armours. Waiting for wilds to see. But any recommendations from previous games??
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quqco
quqco@quqco·
Did you know you can extend your life by 10 years if you let a cosplayer sit on you? 😚
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kitty kuo
kitty kuo@kittykuopoker·
This breakfast is 60????? What is wrong with this country ????? Trump, can u explain to me ? How ppl survival live here ?
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🍖 Harriet Sugarcookie 🍖
🍖 Harriet Sugarcookie 🍖@HSugarCookie·
I’ll sprinkle these type of photos in occasionally so people don’t forget I’m a sex worker or whatever
🍖 Harriet Sugarcookie 🍖 tweet media
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KM_MusicalxFelony
KM_MusicalxFelony@MusicalxFelony·
@HSugarCookie Thought it was stupid too and was about to gamble on it Monday. When I saw that tiktok was private I'm like goddammit. The reaction behind the ban showed the world about America's addiction to brain rot. It's pretty bad. had a woman at work tell me space isn't real.
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🍖 Harriet Sugarcookie 🍖
🍖 Harriet Sugarcookie 🍖@HSugarCookie·
So funny seeing TikTok thank the man who originally set it getting banned in motion, for fixing the problem he created, and everyone falling for it hook line and sinker. Waiting for shocked faces when it’s revealed Meta probably now part own it. Everyone got played so easily
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KM_MusicalxFelony retweetledi
FINAL FANTASY VII EVER CRISIS_EN|FF7EC
#Cid Joining Soon Official X Campaign Repost to take part! Meet the conditions during the period and get an in-game reward! Achieve all goals to get Cid-exclusive 5★ weapons! Deadline: Jan. 15 6:59 AM PST
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