SPCB making offering at $43.74 while having a shareprice at $14!

Hi guys, 4 months ago I wrote a post about SuperCom (SPCB). At the time it was roughly $3.5 a share, right now (now that the news broke out) it is already at over $16 a share. 'Great, another guy bragging his almost 5x profits, but what do I get from that?' you could say. Well, I can tell you.

They just made a private offering with a big bank reducing their total outstanding debt by 1/3. The bank gave them $43.74 / share, which is CRAZY, they paid over three times the shareprice! This is unheard of!

Now, why the heck would they value SuperCom so high?

Well, since my post, Donald Trump won the elections, which is obviously great news for a security company. They have also entered multiple US states since I posted, so their rapid US expansion is working out for them!

Oh, also, bonus. Remember a main possible downside I wrote about, the ongoing court case with Streeterville? Well, they announced recently an almost 10% ownership of SPCB and in their latest 6-K (dated yesterday) they announced that they have no disputes with any of their remaining debt holders (and even named Streeterville as a debt holder in literally the previous paragraph!)

So we have a company making decent net income (over $4 million estimated for 2024), having great growth (between 35-50% estimated for 2024) with not much debt, and a bank just bought 100000 shares for 3 times the current share price.

So, do what you want with this information guys. I remain a holder, obviously :)