27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ZASH Global Media and Entertainment announced the completion of its acquisition of Lomotif Private Limited Friday morning.
What Happened: The acquisition of Lomotif is complete through a joint venture of ZASH and Vinco Ventures (NASDAQ:BBIG) through the joint venture ZVV Media Partners.
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ZASH will be a public company and the controlling shareholder of Vinco at merger close. The merger makes Lomotif one of the top global pure-play video sharing social networks owned by a public U.S. company.
Lomotif is a Singapore-based company that competes with companies like TikTok and Kuaishou.
Why It’s Important: The combination creates a portfolio of powerful media and entertainment combined with one of the top short-form video platforms. The company will have short-form videos combined with user-generated content.
Lomotif has 31 million on-platform monthly active users and over 225 million downloads in over 200 countries. Over 300 million videos are watched on Lomotif each month, according to the companies.
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“You’ve Been Scouted” is a new format talent discovery global competition for a recording competition from Lomotif. The series combines elements of top reality music competitions with user-generated content.
A third party valuation shows the value of the combined ZASH and Lomotif units at $5 billion based on SensorTower data.
What's Next: Lomotif will change its name to LoMo and complete a full rebranding and repositioning campaign in North America. Lomotif is also expanding in India, a country with over 350 million social media users that can't use the banned TikTok app.
Lomotif has content deals in place with Facebook Inc (NASDAQ:FB), Instagram and Snap Inc (NYSE:SNAP).
BBIG Price Action: BBIG closed Thursday down 9% to $3.37.
Earlier Friday, Vinco Venture filed an S-1 that showed registration for about a 44 million share common stock offering via selling shareholders.
Photo: courtesy of Facebook.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.