20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- WISeKey International Holdings ADR (NASDAQ: WKEY) acquired a majority stake of 51% in the German tech company Arago to tap the budding cybersecurity AI-enabled knowledge automation market.
- It has also entered a binding agreement to acquire the remaining minority interest thereof.
- Arago is valued at close to CHF 100 million, roughly translating into $112 million, based on preceding share transactions.
- Arago’s customer base and licensing revenue model reflects material revenue synergy potential and consolidation of WISeKey’s position in the bourgeoning Artificial Intelligence of Things market.
- Arago’s Knowledge Automation and Data platform HIRO are expected to deliver materially higher automation rates at a relatively cheaper operational cost under fully auditable steps defined and approved by the customer.
- Arago’s MD Hans-Christian Boos was elected to the WISeKey board.
- Class B share was created to issue up to 12.3 million new shares, for CHF 0.05 per share towards the purchase price.
- The Class B shares will be issued to finalize the acquisition of Arago’s remaining minority interest and the companies’ amalgamation.
- Price action: WISeKey shares are up by 5.48% at $6.74 in the pre-market session on the last check Monday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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