SONM

nomadichedgehog

Yes you're right, and I should have been more clear with my language - the RSS vote was yesterday, it hasn't actually come into effect yet. Yes, the 350 mil share sale was to the financier but I was still making the point that if they were on the open market we would know about it. As for the ratio, yes there is a range in place but anything more than 1:10 or 1:15 max then the SONM will likely destroy all remaining SONM shareholder value and would then not be able to justify shooting down the $3.60/share offer from Orbic earlier in the summer. The ratio needs to be high enough to make Qumulus look IPO ready while justifying rejecting that offer. My guess is we will land somewhere between 1:5 and 1:10. Yes common stock is going up for PIPE investors/enabling financing, that doesn't mean the share pool will be bigger than the 350 million. And yes, RTO news will follow the news on the meeting. I expect we will get that news tonight after hours then RTO news on Monday before market opens.

psuidominus

Accessible to all shareholders of record as of Sept 15. I wasn’t on board yet. www.proxydocs.com/SONM https://www.proxypush.com/evote/SONM/registration/FDA59047290D4D27BC22364ED4E5ECA5/login

nomadichedgehog

Sadly, I don't think the board members of SONM lurk on reddit

sdomc

SONM

nomadichedgehog

No. The RSS has already happened (we’re just waiting on the ratio). There’s only 12 million SONM shares. Had they issued another 350 million we would’ve known about it because they would’ve had to file it and also the stock would’ve been diluted to oblivion.

MoistLetterhead0110

So buy SONM now and sell Qumulus at $7-$10 after RTO, if they supercede your expectations on what do you hold?

Meko1972

Understand that but the other company has to eat SONM financials/debt etc. 

nomadichedgehog

This is an asymmetric play that doesn't come around often. If the whole deal falls through I won't have any regrets, and I have enough of a portfolio size to absorb the hit. That said, I really doubt the deal fails at this point, but I accept stranger things have happened. The letter of intent was signed 4 months ago, the re-structuring has just happened at Qumulus in preparation for going public, and if any red flags came up in their due diligence of SONM then we would know by now. SONM board also has no reason to drag this out. If anything, they have bent over backwards to get this done (poison pill, asset sales and now RSS). But if it does fail then yes: I will looking to see how Qumulus eventually go public.

nomadichedgehog

SONM have to announce the RTO target via proxy statement. When they file that statement, the SEC has 10 days to respond. If SEC has no comments, SONM then need to file a definitive statement stating the exact day of the RTO vote and must give 20 days' notice. That means there will be a 30-day lag between SONM announcing the RTO target (which the market is currently asleep to) and the RTO actually happening. So to answer your question, there will be a 30-day run up to "IPO" prices. You can either get in now, or you can get in once the market has already piled in and pay a premium. You decide.

kuracoin

So the point of this (if anything) is to basically get in at “IPO” prices then? What’s the risk of a sell off if the thesis is true and the RTO goes off without a hitch? Why buy SONM now as opposed to shares of Qumulus when the RTO is actually finished?

nomadichedgehog

Your comment explains exactly why the market doesn't get it. This isn't about SONM. It's about the merging company. The sub won't let me post my DD even in the comments. If you want to make some money, look at my post in other subs.

nomadichedgehog

SONM, but not really. They’re about to be acquired.

OilBull

SONM

UnholyNoodle

I'm in this for months now but it's mind boggling to me that price is supressed so much, even now. No info about asset sale or RTO before RSS meeting means that we can expect max pain from it. I can't grasp how it may be beneficial to anyone involved from SONM side of the deal. 1:10 will be the best case scenario. If Monday after RSS there will be no significant developement this can be painfull to watch and would require nice mental gimnastics to stay in line with the bigger Pictures.

sdomc

SONM

shirosith

CXAI, SONM, WWR, DVLT, NUAI CXAI - workplace AI, and has a strong partnership with Google. Solid financials and exceeded EPS expectations for the last three quarters. Expecting the same for Q3. “The company achieved its largest ARR renewal with a Fortune 50 client and expanded its strategic partnership with Google Cloud for Agentic AI technologies.” - https://www.stocktitan.net/news/CXAI/cx-app-inc- On Oct 10, Wolverine Asset Mgmt purchased over 1m+ shares of CXAI, effectively making them the biggest institutional holder — bigger than Vanguard! Very bullish! https://whalewisdom.com/filing/wolverine-asset-management-llc-sc-13ga-2025-10-10-cxai SONM - Read this SONM update from this OP. SONM has signed a LOI for reverse take over (RTO) with an unnamed full stack AI factory provider, and the theory is that they’re QumulusAI. QAI also secured $500m in funding recently. This is an early bet, but very convincing- https://www.reddit.com/r/pennystocks/s/ui06oaPIpQ

shirosith

CXAI, SONM, WWR, DVLT, NUAI CXAI - workplace AI, and has a strong partnership with Google. Solid financials and exceeded EPS expectations for the last three quarters. Expecting the same for Q3. “The company achieved its largest ARR renewal with a Fortune 50 client and expanded its strategic partnership with Google Cloud for Agentic AI technologies.” - https://www.stocktitan.net/news/CXAI/cx-app-inc- On Oct 10, Wolverine Asset Mgmt purchased over 1m+ shares, effectively making them the biggest institutional holder! Very bullish! SONM - Read this SONM update from this OP. SONM has signed a LOI for reverse take over (RTO) with an unnamed full stack AI factory provider, and the theory is that they’re QumulusAI. QAI also secured $500m in funding recently. This is an early bet, but very convincing- https://www.reddit.com/r/pennystocks/s/ui06oaPIpQ

shirosith

CXAI, SONM, WWR, DVLT, NUAI CXAI - workplace AI, and has a strong partnership with Google. Solid financials and exceeded EPS expectations for the last three quarters. Expecting the same for Q3. “The company achieved its largest ARR renewal with a Fortune 50 client and expanded its strategic partnership with Google Cloud for Agentic AI technologies.” - https://www.stocktitan.net/news/CXAI/cx-app-inc- SONM - Read this SONM update from this OP. SONM has signed a LOI for reverse take over (RTO) with an unnamed full stack AI factory provider, and the theory is that they’re QumulusAI. QAI also secured $500m in funding recently. This is an early bet, but very convincing- https://www.reddit.com/r/pennystocks/s/ui06oaPIpQ

shirosith

CXAI, SONM, WWR, DVLT, NUAI CXAI - workplace AI, and has a strong partnership with Google. Solid financials and exceeded EPS expectations for the last three quarters. Expecting the same for Q3. “The company achieved its largest ARR renewal with a Fortune 50 client and expanded its strategic partnership with Google Cloud for Agentic AI technologies.” - https://www.stocktitan.net/news/CXAI/cx-app-inc- SONM - Read this SONM update from this OP. SONM has signed a LOI for reverse take over (RTO) with an unnamed full stack AI factory provider, and the theory is that they’re QumulusAI. QAI also secured $500m in funding recently. This is an early bet, but very convincing- https://www.reddit.com/r/pennystocks/s/ui06oaPIpQ

stjohnbs

This just landed in my inbox -- is this different/new? [https://www.streetinsider.com/Corporate+News/Sonim+Technologies+%28SONM%29+files+for+up+to+350M+share+offering+by+selling+stockholders/25440815.html](https://www.streetinsider.com/Corporate+News/Sonim+Technologies+%28SONM%29+files+for+up+to+350M+share+offering+by+selling+stockholders/25440815.html)

shirosith

CXAI, SONM, WWR, DVLT, NUAI CXAI - workplace AI, and has a strong partnership with Google. Solid financials and exceeded EPS expectations for the last three quarters. Expecting the same for Q3. “The company achieved its largest ARR renewal with a Fortune 50 client and expanded its strategic partnership with Google Cloud for Agentic AI technologies.” - https://www.stocktitan.net/news/CXAI/cx-app-inc- SONM - Read this SONM update from this OP. SONM has signed a LOI for reverse take over (RTO) with an unnamed full stack AI factory provider, and the theory is that they’re QumulusAI. QAI also secured $500m in funding recently. This is an early bet, but very convincing- https://www.reddit.com/r/pennystocks/s/ui06oaPIpQ

shirosith

Hahaha, thanks for the recognition! I’m just spreading the good vibes and want everyone to get in early and win, especially if they’re still under the radar. Check out SONM as well. That’s my next bet. Read this SONM update from this OP. SONM has signed a LOI for reverse take over (RTO) with an unnamed full stack AI factory provider, and the theory is that they’re QumulusAI. QAI also secured $500m in funding recently. This is an early bet, but very convincing- https://www.reddit.com/r/pennystocks/s/ui06oaPIpQ

the-king34

SONM

Knowledge_1

I’ve been following this for a while and generally buy into the thesis. What I’m struggling with is understanding the risk–reward balance. If this goes ahead, I’m not sure what the real upside potential looks like. A) What’s the expected valuation range for the new company - somewhere between $300M and $1B? Im not sure how to understand current NAV vs % in acquiring company. B) The filing mentioned the percentage of the new company SONM would own (around 5%, if I remember correctly), but what about existing shareholder equity - could that be diluted or wiped out through a bad RTO share split? C) Given the recent institutional buy-ins, are we (retail shareholders) aligned with them? In other words, if things go south, they’d take a hit too, right? Im a couple of edibles deep, so my brain is struggling to understand what the upside looks like? Is it to current NAV price (which is multi bagger) or is it bigger eg x% of $1b company?

Kasper_vid

So from what I understand SONM should file the RTO proxy any day before the 16th most likely today AH or Friday AH?

detectivedoot

This is not a common stock offering where SONM can just sell at will. These 350M shares cannot be sold for >$1M a day or 20% of daily volume. Likewise, Chardan will not immediately dump these shares as they will lose money. They will likely accumulate the shares and sell them in large blocks at profit to institutions looking for entry. This is a highly structured capital raise that is very useful for SPACs/shells who have large quantities of locked up shares w/ a lot of institutional enthusiasm.  So, over 3 years, float will increase by 350M shares maximum, assuming all of these shares are sold. Save me the doom posting. 

nomadichedgehog

You know I've been following this closely since the first day you posted and I agree with you on almost everything. Where we diverse is on the risk of the RSS. They have yet to file proxy and definitive statements on the RTO. After they file the proxy statement on the RTO, the SEC then has 10 days to comment. Assuming no comments, SONM can then file the definitive statement, for which NASDAQ requires 20 days' notice. So if they filed today, the earliest vote on an RTO would be 5 November. That would mean a lag of 20 days (16 October to 5 November) where the market can sell off/react badly to the RSS news, effectively nuking current shareholders. What is more realistic to happen is for SONM to file the proxy statement right after the RSS meeting on 16 October. That would put the earliest possible RTO vote to 15-16 November. On the flipside, the market could also react positively. They could see the vote as a guarantee that the RTO is going to happen. The nuance is whether enough of the market believes the RTO is real and imminent. The fact the SP hasn't reacted to shareholders approving whatever RSS ratio the board (effectively green-lighting the RTO) tells me the market is sleeping at the wheel, which worries me that the market will short the hell out of this post 16 October and pre-merger.

nomadichedgehog

SONM is basically a dead phone company. They sold off the rugged phone business to Social Mobile for $20M. What’s left is actually more interesting than the phones. They’ve got the Nasdaq listing, some cash from the sale, and a clean shell. IPOs can take forever, but an RTO can happen quite quickly. That is the value of SONM. So to answer your question, yes it is good for both companies or to put it more accurately, their shareholders. SONM have no viable business left, and Qumulus want to go public to raise cash and scale quickly. This isn't about "landing contracts together" because SONM's team/leadership will become irrelevant post-merger. They've already parachuted in George thangadurai onto the SONM board a few months ago who worked at IBM and has some AI experience to help the transition. To answer your question regarding certainty, there are too many coincidences. We know that Qumulus tried to go public via another RTO earlier this year and the valuation (300 million) was the same as what the SONM board are stating this RTO to be. We also know that the RTO is with a company in Qumulus' industry. Mike Mulica, who is on the SONM board, has been liking and sharing posts by the former Qumulus CEO (now VP of Capital Markets as of this month), for a while saying "watch this space'. The company providing the bridge financing to SONM is the same company that was brokering Qumulus' previously failed RTO. Here's a [post I wrote up](https://www.reddit.com/r/smallstreetbets/comments/1nfufrf/the_ugly_duckling_ai_play_sonm_and_a_potential/) with some additional DD going back a month ago.

Stitch426

So I’m going to need some help on this one because this whole RTO thing is over my head. If you choose to not answer, I understand you have better things to do with your time. 1) We want to buy SONM because QumulusAI might be interested in an RTO with them. How certain is this? And is Q a great company in this field? As you said in your other thread, Q is pretty tight lipped. So I just want to make sure SONM isn’t chaining itself to a deadweight. 2) https://ir.sonimtech.com/news-events/press-releases/detail/265/sonim-technologies-provides-update-on-letter-of-intent-for With the RTO, would our SONM shares be converted into a new, publicly traded Q/SONM merger share? We are just hoping on a fair conversion after the price gets pumped up based on the RTO being confirmed? 3) Is this merger good for both companies? Do you think they’ll integrate well? Would they be able to land contracts together that they couldn’t get separately? Just trying to understand why they’d want to merge instead of just having a partnership. 4) if the RTO doesn’t happen, would SONM still be worth holding long term? Would they need to have an RTO happen to survive or to stay viable? If you answer any of these, thank you. The main hang up I have is why either company wants to do an RTO at all, if it’s necessary for their survival, and if they actually would work well together unlike a Kraft-Heinz merger (different thing, I know, but closest example I can think of).

detectivedoot

I’ll get it out tonight, it won’t be in depth. Basically all FUD is misplaced. This is maybe the best opportunity I’ve ever seen. The $500M ChEF for $SONM ($11M cap) is obviously financing for $500M in GPUs/servers, either leased or bought by QumulusAI.  A $500M ChEF for a shell co/SPAC is virtually unheard of. The dilution from this ChEF is over 3 years and will not directly cause any significant downward action. For context, Lambda just raised $480M, putting their valuation at $4.8B. This was a funding round, so not the exact same mechanism, but still. Absolutely nobody is bullish enough.

Kasper_vid

That’s not how it works. SONM cannot just issue $500M of stock at less than a penny and wipe out existing shareholders to .001%. The $500M equity facility with Chardan is structured so shares are sold at or near market price, not at an arbitrary discount like a fraction of a cent. PIPE or equity line investors typically buy at a slight discount to the market, but always within a regulated framework. Yes, there will be dilution when new shares are issued, but it will be proportional to the agreed raise and market conditions. Current shareholders do not automatically get reduced to 0.001% ownership. Instead, the final ownership split depends on: 1. How many shares are issued in total. 2. At what price the shares are issued. 3. What valuation the combined company (with QumulusAI) is assigned. You have to keep in mind that the company will be overtaken by a way bigger company with a valuation of 300mil USD. The current shareholders will consist of roughly 8.5 pct of the Company

Total_Western7320

Can SONM sell 500m of stock at less than a penny each to QUMULUS so current SONM shareholders will only own .001% of the company and the new QUMULUS diluted shareholders now own 99.99%?

Kasper_vid

It was the 8k filing that basically said SONM will get 500m that will facilitate the RTO which is done by Chardan Capital, the same company that facilitated the previous QUMULUS RTO process that fell through - this is the last piece of the puzzle that confirms that the target of the RTO is indeed QUMULUS AI now we just need to wait and see what will be the RSS ratio but either way this is good news

ddp09

SONM finally moving. Been holding for like 2 months

250Characters

I think SONM & DFLI are the next two to buy for run ups next week.

Elite_Alice

Check out SONM as well.

Kasper_vid

I bought some also scaled up my position on SONM on todays dip

Kasper_vid

SONM is doing 10x the normal volume we will soon see the RTO

Elite_Alice

JYD is worth a look along with MASK and SONM

Kasper_vid

I’m very invested into SONM especially after todays price movement holding >10k shares

Elite_Alice

JYD looks interesting as does SONM and MASK. If you’re looking for some things with upside that haven’t run yet

flex_tape_salesman

I have a small bit in SONM since before it tanked. Almost at breakeven. How high could this go? I bought at 98 cents and just happy it isn't on the floor anymore.

josholmes6

SONM about to rip to $1.00

KomradeKruschenko

SONM flying

clockworkwarrior

SONM - yes, it not a real company since their asset sale, but it could 10x if the RTO they submitted a letter of intent for in June goes through and they backdoor an ai company public. If not it will go to 0. 🎰 on an announcement one way or the other in the next two weeks.

nomadichedgehog

A bit more DD on 1 Main Capital, who filed the 13G Schedule acquiring more than 5% of SONM. This is an interview excerpt with Yaron Naymark, head of the fund, in this year's July edition of ValueInvestor. *"I usually have 10-20 positions, most of which are in core investments like I’ve been describing. In a perfect world I’d have maybe 20 great core positions at all times, but I’ve typically ended up with fewer and thus larger holdings. The top five positions typically make up 40-70% of the portfolio. Today we’re near the top end of that range.* *I also tend to have a single-digit percentage of the portfolio allocated to opportunistic investments. These are shorter duration, option-like bets where I expect that a large gap between price and value should narrow due to a hard catalyst. The hit rate on these tends to be lower and the losses higher, but the upside on winners should more than compensate for those"* I'm guessing SONM is one of those single-digit percentage opportunistic investments. The good news is, he clearly too sees a hard catalyst.

North_Ad_4609

Dumbass, tried to tell me I dont understand shit and now you are also getting fucked by the SONM Scumbags. Now you get to learn what corruption is like at SONM. RS and another dilution. They literally sold the company and gave themselves huge bonuses and original investors got nothing. Like what the fuck happened to that money?

Kasper_vid

Hi! A fellow holder of >10k shares I really like this play I’ve been really invested into doing my own dd for the past days, so maybe I’ll be able to ease you a little bit as the asset sale to Social Mobile is already well down the path toward completion: • SONM publicly announced the signed purchase agreement this isn’t just an LOI. The terms were detailed in an 8-K and press release: $15M upfront cash, up to $5M earn-out, plus Social Mobile taking on certain liabilities. • The transaction has been reviewed and approved by a Special Committee of independent directors. The same release emphasized the board believes the sale plus RTO path maximizes shareholder value. • The remaining steps are routine - closing conditions like regulatory filings and the transfer of specific assets. No red flags (like antitrust concerns) exist because this is a small rugged-phone business. • SONM stated in late July that the deal was “on track to close in Q4 2025,” which matches the normal timeline for an asset transfer of this size. Have a great day! I have a dd that I want to post soon with some interesting finds!

UnholyNoodle

Alright, I'm deeply invested into it right now but I still have some issues with this play that maybe someone will be able to ease. There is still no info from SONM about shareholders vote on asset sale to Social Mobile. RTO with Qumulus can't happen before that (correct me on that if Im wrong) and because of that I'm sceptic about RTO announcment in upcoming 2 weeks. Ofc asset sale and RTO are two different things but i can't imagine that they will announce RTO then let the hype die before RTO itself just because asset sale is not finalized. As for the RSS I made my peace with it. It's unavoidable. Play is less juicy but still juicy enough.

felipekdem

SONM

blakesthesnake

You better buy my book. I’m working hard on it, SONM is mentioned in the prologue. Cliffhanger at the end 🤭

nomadichedgehog

I don't have a crystal ball but you'd have to think it's a 5x minimum, adjusted for the RSS split, because I don't see how else the board could turn down a $3,60 offer only to have an RTO that only pushes the stock 2x. To give a numerical example, let's say we have an RSS announcement with a 10:1 ratio, that would push today's SP to $7.40 (but you'd have 1/10th of the shares you had before). For management to then justify rejecting the previous offer, they must have some expectation that the stock will surpass $37 in the days after the RTO is announced. I think my main concern at this point is how strong the Qumulus AI story will be post RTO announcement. Right now, they have a very limited footprint online with not much PR. I don't see how SONM board could have the confidence to reject $3,60 per share unless Qumulus AI has very strong fundamentals in the absence of good PR.

Tstriple_R

I know this is kinda taboo rn but there are some people who may appreciate this and I thought I might as well share. I copied the OP into Claude and had it run research and verification. I verified the 13G filing myself and also verified the shared post by Mike Mulica on 9/10. Here's what Claude came back with (I had it re-run the final report to remove buzzwords and hype, it was just way too overboard): SONM Due Diligence Summary Report Verification Status All major claims in the original post have been confirmed through SEC filings and corporate announcements. SONM signed a $20M asset sale agreement with Social Mobile in July 2025 and a separate Letter of Intent for a $300M AI company reverse takeover in June 2025. Key Evidence Institutional Filing: 1 Main Capital Partners filed a 13G on September 4, 2025, disclosing ownership of 772,380 shares (4.3%). This filing occurred 11 days before the first predicted announcement date of September 15th. Executive Activity SONM Chairman Mike Mulica shared a Qumulus AI post on LinkedIn on September 10th, writing "something to keep a close eye on here!" Qumulus AI attempted a reverse merger with VINC at $300M valuation in March 2025 but the deal was terminated in April. Corporate Actions George Thangadurai was added to SONM's board in July 2025. His background includes CEO roles and experience with public company transactions. Timeline Facts The June 25th Letter of Intent typically requires execution within 60-90 days, placing potential announcements in the September timeframe. SONM currently trades around $0.60 and faces Nasdaq compliance issues requiring a reverse stock split. Assessment The original post correctly identified SONM's corporate structure and pending transactions. The September 4th institutional filing and September 10th LinkedIn activity support the predicted timing. Multiple independent sources confirm the basic facts, though the specific identity of the AI company remains unconfirmed despite strong circumstantial evidence pointing to Qumulus. The research appears factually accurate with institutional money positioning ahead of the predicted announcement window.

ddp09

SONM finally moving

endwithel

I found here IXHL, OPEN, VAPE ( now BNC) NXTT, MDAI, ATYR, CVVY, ELTP and recently SONM. How the fuck anyone here is unprofitable. All of thos were profitable for me. Of course, if I would have gone all in in them I would be much richer, but I still need to work with my psyshology and not sell my winner to early. Otherwise this is just gold mine IMHO.

nomadichedgehog

Just noticed something that might be of interest to those of us still holding. A guy named Yaron Naymark from [1 Main Capital](https://www.1maincapital.com/) filed a [13G a few days ago](https://www.sec.gov/Archives/edgar/data/1992801/000110465925087430/xslSCHEDULE_13G_X01/primary_doc.xml) showing he owns more than 5% of SONM (900k shares). Here's a quick background after watching/listening to a couple of podcasts he's been on. He’s a small-cap value/special situations investor who runs a very concentrated portfolio and typically looks for setups with a clear path to value and limited downside. He’s not an activist, so this isn’t about taking over the board but it does suggest he sees something worth owning here based on public info. He seems to like buying when the setup is mispriced (complexity, stigma, broken narrative) and waits for a corporate action (investigation cleared, refi, sale, spin, etc.). SONM and the Qumulus AI speculation fits that kind of play perfectly. [https://equitymates.com/episode/expert-investor-yaron-naymark-deep-dive-on-an-unconventional-stock/](https://equitymates.com/episode/expert-investor-yaron-naymark-deep-dive-on-an-unconventional-stock/) [https://www.youtube.com/watch?v=L5KzNCE4S1M](https://www.youtube.com/watch?v=L5KzNCE4S1M)

UnholyNoodle

Alright folks, here is the news: [https://www.sec.gov/Archives/edgar/data/1178697/000119312521272887/d212260dex991.htm](https://www.sec.gov/Archives/edgar/data/1178697/000119312521272887/d212260dex991.htm) 1:10 RSS AUSTIN, TEXAS — September 14, 2021 — Sonim Technologies, Inc. (“the Company” or “Sonim”) (Nasdaq: SONM), today announced that it intends to effect a one-for-ten reverse split of its issued and outstanding common stock (the “Reverse Stock Split”). The Reverse Stock Split will become effective as of 5:00 p.m. Eastern Time on September 15, 2021 (the “Effective Date”), and the Company’s common stock is expected to begin trading on a split-adjusted basis when the market opens on September 16, 2021. So split will be effective next Monday after hours. I'm thinking about 2 way scenarios for myself: 1. Raid the waves. It is what it is. 2. Risk it and go out Monday to let the initial downfall after RSS happen and reenter on lower cost basis. I don't think anything will be announced nor Monday nor with Tuesday morning after RSS will be already done. On the other hands if they will announce RTO the same day then the whole play will just fly over my head. Coin toss basically. Any thoughts on this?

nomadichedgehog

The upside comes from them being a vertically integrated HPCaaS AI infrastructure provider, controlling everything from power generation to GPU data centers, which could give them a cost advantage in a market where AI compute demand is exploding. The sector is hot (see Nebius/Microsoft), and an RTO lets Qumulus go public and raise capital quickly without the long IPO process. For SONM holders, that means getting in at a pre-public valuation with potential hype-driven upside, but it’s still high-risk given Qumulus’ stealth mode and lack of public financials.

lmyyyks

I think the real question is why would Qumulus be worth buying if an RTO were to happen. Suppose everything between SONM and Qumulus is true., what is the upside and future growth potential we're looking at?

nomadichedgehog

Dude, did you even read the post or are you intentionally trolling? This isn’t about SONM and their lack of revenue. They’ve sold their assets and they’re a shell company. It’s about the prospect of an AI infrastructure RTO. If you’re not going to even bother reading the post to understand the argument (which i said from the outset is complicated), don’t bother.

nomadichedgehog

Not sure what your rebuttal is. Qumulus RTO is bad because SONM suck as a company?

nomadichedgehog

The reverse split here is unavoidable. It’s basically an insurance policy to keep SONM listed on Nasdaq until the RTO closes. Nasdaq gives you 180–360 days to get back over $1, but if you don’t make it, they can delist you. Qumulus won’t merge into a delisted shell, so SONM’s board needs a guaranteed way to stay compliant. In theory, a reverse split should multiply the share price by a set ratio (e.g., 1-for-10 turns $0.75 into $7.50) so they meet Nasdaq’s $1 rule. It doesn’t change the company’s value and doesn’t automatically make the price “go up” in the long run. In fact, the price will likely go down again if there’s no good news behind it. Where it can help is if it’s timed with positive news. The recent news with Nebius is huge for us and the AI infrastructure hype is real, so if they time this right there is still money to be made here. In that scenario the split gives them a higher base price, smaller float, and the hype can push it further. If the RTO news alone pushes the stock over $1 and it holds for 10 days, they might not even need to do the split.

nomadichedgehog

Hey OP, I found some circumstantial info you might find interesting. I've been trying to validate your thesis for the last week and went down a bit of a rabbit hole. I was initially looking at Mike Mulica as he seems to be an easy target at the moment for previous SONM investors. As you may know, in addition to his role at Sonim he is also involved with Avataar Venture Partners. That’s what led me to look at the rest of the [Avataar team](https://www.avataar.vc/team), just to see if there were any other interesting overlaps. That’s when I first came across George Thangadurai. It caught my eye that he had been involved in M&A work but as I didn't have anything to connect him to Sonim or Qumulus I didn't think too much of it. But then I spotted his name pop up in the[ 8th August SEC filing](https://www.sec.gov/Archives/edgar/data/1178697/000164117225022819/ex99-1.htm), where he's just been appointed to the sonim board. That made me go back and dig into his background properly. Turns out, George has a pretty relevant history. Worked at Intel for decade where he was head of product, led IPOs, M&A work, and a focus on AI-powered infrastructure monitoring (AIOps). In one of his [past interviews](https://www.analyticsinsight.net/artificial-intelligence/exclusive-interview-with-george-thangadurai-ceo-of-heal), he talks about predictive and preventive approaches to avoid downtime and improve cloud workloads, which lines up really neatly with Qumulus’ pitch about vertically integrated AI infrastructure. George is the exact kind of appointment that understands the Qumulus product, where predictive maintenance, anomaly detection, and zero-downtime design are essential. In the interview, he even talks about the *exact* problem Qumulus says it solves: > I wouldn't say this is concrete proof that the RTO is with Qumulus, but if you're going to appoint someone to your board to help make the transition, George seems like a perfect candidate. If I can now find some link between George and people working at Qumulus, I think I will feel pretty comfortable here not only making this play but increasing my position. Here's also [another interview](https://medium.com/authority-magazine/the-future-is-now-george-thangadurai-of-heal-software-on-how-their-technological-innovation-will-16d5f84e2107) with George to chew on.

detectivedoot

A clean shell is a publicly traded company (has a ticker) that exists for the sole purpose of being acquired in order for said acquiring company to quickly and cheaply go public. The “clean” part refers to no liabilities Legacy assets were the literal company of “Sonim Technologies”, that was acquired by social mobile. The ticker, “$SONM” was not acquired by Social Mobile.

detectivedoot

You are seemingly unable to mentally separate the public shell ($SONM) from the former company (sonim technologies). The ticker and assets are what is being discussed. The net asset value of the public shell is $25-29M. You should only consider this. Slam your head between a door until you forget the phrase “rugged mobile phones”. The shell has already received bridge financing EXPLICITLY for a reverse takeover. This happened about 3 weeks ago. Please elaborate on any uncertainty after processing this.

North_Ad_4609

This is the offer from DOOGEE https://newsbywire.com/doogee-announces-non-binding-proposal-to-acquire-sonim-technologies-for-3-6-per-share-in-cash/ And this is SONM response to the 3.60/share offer while going for 0.75/ share with Social Mobile. This is before the offering/dilution. https://www.stocktitan.net/news/SONM/sonim-technologies-confirms-receipt-of-non-binding-unsolicited-0kxyxpdguo4u.html Now make it make sense before pushing folks into another scam from Mike Mulica and SONM. These guys are scammers.

North_Ad_4609

Fo you know the full story though about SONM? Thus is the most corrupt and shady management I have ever seen. Are you aware intentionally tanked the stock price from 2 to 0.75. And sold the company at 0.75 social mobile. Are you aware that they had an offer for $3.60/share from DOOGEE to buy the company and still continue do a dilution to the price that Social Mobile will get thr company essentially for free. Who does the dilution in the middle of the buyout offer. Orbic offered 2.40/share and pretty much fucked their shareholders by sellingthe company for 0.75 to Social Mobile. Careful with Mike Mulica, the biggest fat scum bag out there. The whole valuation he is giving to this RTO is ridiculous and unsubstantiated. My advice is be careful with this one. I get it you dont know the full story.

Gloomy_MTTime420

Well damn look at you pulling a regular Sherlock Holmes and Dr Watson all in one man! You are no regular Doctor, sir, this is outstanding work! Or as I like to say - F$cking-A! Haha I’m way too deep in $SONM now. The poison pill offering at $.70 buried my position into the red, but I’ve held. The price has held since then. This is the DD I needed to just be patience. Thank you 🙏 sir. NFA = Nachos For All ;)

Pale_Big_1744

My current plays (my only claim to fame is getting into IXHL before everyone at .22) are RR, SRPT, and SONM. Idk if these are “3-4x” but definitely worth a look!

Pale_Big_1744

I like SRPT, SONM, and RR here. Also ABCL is a good bet.

detectivedoot

1. ⁠The disparity in the $24-29M NAV will have to be addressed. Best case for sonm holders is a one time cash distribution addressing the disparity. Worst case is larger stake in acquiring company. Either one will come down to a shareholder vote and I doubt the second option would pass. 2. ⁠The price went to $0.75 for the poison pill and tbh I think they oversold the news and it’s staying pegged because of lack of exit liquidity. Hence the astronomical borrow fees and fact most brokerages aren’t even allowing borrowing. They are likely banking on a reverse split before RTO is official and exiting on that. 3. ⁠That’s the part I dislike the most here. They are simply unwilling to disseminate any info to retail. They won’t reply on any channels to anyone I know that has tried to reach out. They are operating currently, permits and city council approvals I’ve checked back that up. 4. ⁠Lack of publicity is a coin flip. Some investors I’ve researched on SONM end are common PIPE investors. But their value is very hard to gauge

detectivedoot

1. The disparity in the $24-29M NAV will have to be addressed. Best case for sonm holders is a one time cash distribution addressing the disparity. Worst case is larger stake in acquiring company. Either one will come down to a shareholder vote and I doubt the second option would pass. 2. The price went to $0.75 for the poison pill and tbh I think they oversold the news and it’s staying pegged because of lack of exit liquidity. Hence the astronomical borrow fees and fact most brokerages aren’t even allowing borrowing. They are likely banking on a reverse split before RTO is official and exiting on that. 3. That’s the part I dislike the most here. They are simply unwilling to disseminate any info to retail. They won’t reply on any channels to anyone I know that has tried to reach out. They are operating currently, permits and city council approvals I’ve checked back that up. 4. Lack of publicity is a coin flip. Some investors I’ve researched on SONM end are common PIPE investors. But their value is very hard to gauge

nomadichedgehog

Solid DD and timeline breakdown but I do have a few questions after spending the last hour trying to get my head around all of this. I get that the July 1 offering at $0.75 was likely a strategic move (poison pill as you put it) to dilute Orbic's influence and secure the board's control ahead of the RTO vote. That makes sense in the context of defending the deal. But here's where I'm a bit stuck: 1. Is the upside really there for existing SONM shareholders? Based on the June 25 PR, SONM holders are only getting a \~$17.5M stake in a $300M combined company, so around 5.8%. Even if the merger is successful, isn’t most of the value accruing to QumulusAI insiders? 2. What’s the bull case for this running significantly above $0.75 post-merger? The offering basically anchored sentiment and reset expectations. If the RTO is expected to unlock massive value (e.g. $2–$3/share), why hasn’t the offering at $0.75 sparked more upside or excitement in the market? 3. What makes QumulusAI compelling beyond the stealth factor? The vertical integration from energy to GPU config is interesting but without funding rounds, clear revenue figures, or known partnerships, it’s hard to model what this is actually worth. Is there anything operational or financial you’ve found that points to serious scale or growth? 4. Could the lack of publicity be a risk instead of a strength? Some of the comparisons to CoreWeave etc. rely on the idea that Qumulus is "quiet now but ready to explode." But what if it's just… quiet?

luckyjrai

Wait nvm I thought you said SONM, it was at 0.6ish and now it’s at 1.50 my bad wrong ticker

Grilled_Cheese_NEO

Any chance SONM could rise again? Interested in buying the dip.

Grilled_Cheese_NEO

any chance SONM can bounce back? $0.64 seems tempting.

flex_tape_salesman

Thoughts on SONM going back up? I'm happy enough to hold and see if it can claw back some bit atleast

Inevitable_Rise_8669

All my picks are in the red… GHV tanked, SONM tanked, and PSTV not doing all that great. The casino is tough to beat.

lucasawilliams

What’s everyone’s risk appetite for the SONM acquisition deal? I’m seeing likely a 40% upside if a deal if struck in the next two months vs a less likely 30% downslide if an unknown causes all the deals to be retracted

Gloomy_MTTime420

To be fair, I sold a couple shares of $MSFT last week ($NVDA too, you are welcome community because price has gone up $10 in that week) and immediately put them into higher risk/potentially high reward smaller semiconductor and tech plays like $LTRX, $GCTS, $SQNS, $SONM and even plays like $GPUS and $GNS.

lucasawilliams

Is anyone buying the pullback on SONM? Seems like there’s more upside than downside from here, to me

Limp_Career6634

Quick 10% profit on SONM and out. Lets see what happens tomorrow.

felajan

https://preview.redd.it/2fd60ve2sb9f1.jpeg?width=1080&format=pjpg&auto=webp&s=6f0a5ad8c0c1bd4a9e599102e788a842bd12628f SONM

felajan

https://preview.redd.it/8ww0g3o8pb9f1.jpeg?width=1080&format=pjpg&auto=webp&s=de848d8bed48f8f681add18be64f7daff94f8822 SONM still 🚀

felajan

You can still make money with SONM. It's not done pumping. Look at the 52 weeks high . I have another one, but I am afraid to post it because of what you said. I am making money with it.

felajan

Looks like SONM will make more moves.

felajan

https://preview.redd.it/tjq8g7upjb9f1.jpeg?width=1080&format=pjpg&auto=webp&s=003e7bbc90bb1285eaedf8978334eb58ed372fb3 Let's go SONM

Logical_King_5619

FYI for all on SONM Hype, news released that Orbic put an offer on the table to buy them out for cash equating to $2.418 per share. Expect this stock to reach that at minimum on this news.

Street-Resident-3411

SONM 🚀 broke $2!

felajan

https://preview.redd.it/esrqaef4ib9f1.jpeg?width=1080&format=pjpg&auto=webp&s=6648a08f3d74b7cdcb2de70af401939a1c73ebae 🚀 let's go SONM

felajan

https://preview.redd.it/pxgi85m7gb9f1.jpeg?width=1080&format=pjpg&auto=webp&s=4d656ef176068b8946e8682e1874a2e606b389c5 Let's go SONM 🚀

felajan

SONM continues to pump.

felajan

https://preview.redd.it/rwab2tr29b9f1.jpeg?width=1080&format=pjpg&auto=webp&s=92918ab23c513fa7fc66d6b7c749eaaff22bc307 SONM 🚀

lucasawilliams

SONM has been given an offer equating to 2.4 per share and is trading at 1.47

Similar-Ant8560

I like how everyone was hating on SONM til it blows up 😂😂😂

lucasawilliams

SONM acquisition boom

Similar-Ant8560

Man if I wasn’t stuck in SONM I would have been all in on CYN

Similar-Ant8560

SONM about to have a breakout 🧨

Similar-Ant8560

SONM is finally on the move 🚀🚀🚀

Similar-Ant8560

SONM on its way back up