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StellA1918
$DOMH I’m beginning to believe that this is all designed to frustrate the outsiders so that we sell our shares and walk away, leaving the insiders to take the company private and reap all the benefits
DOMH Dominari Holdings Inc
$2.18
$0.02
(0.93%)
Closed $2.17
$0.0089
(0.41%)
After Hours
Mkt Cap$52.12M
Vol129,226.00
About DOMH
Dominari Holdings Inc. (“Dominari”) is a holding company that,
through its various subsidiaries, is engaged in wealth management,
investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. Dominari Financial Inc. (“Dominari
Financial”), a wholly-owned subsidiary of Dominari Holdings Inc., executes the Company’s growth strategy in the financial services industry. In addition to organic growth, Dominari Financial seeks partnership opportunities and acquisitions of third-party financial assets such as registered investment advisors and businesses, broker dealers, asset
management and fintech firms, and insurance brokers. Our first transaction in furtherance of our growth in the financial services industry, the acquisition of 100% of a dually-registered broker dealer and investment advisor from Fieldpoint Private Bank and Trust (“Fieldpoint”), was consummated on March 27, 2023. The newly acquired dually registered
broker-dealer and investment adviser was renamed Dominari Securities LLC (“Dominari Securities”) and is a wholly-owned subsidiary of Dominari Financial. The Company is in the process of winding down its historical
pipeline of biotechnology assets held by Aikido Labs, LLC. These
biotechnology assets consist of patented technology from leading
universities and researchers, including prospective treatments for
pancreatic cancer, acute myeloid leukemia, SARS-CoV-2 and acute
lymphoblastic leukemia.
Fundamentals
25
Bearish Sentiment
How do you feel about DOMH?
StellA1918
$DOMH trading volume continues to be sizable but it looks like the $5M already may have been used, as the stock price begins to make its way back to $2…not good
StellA1918
$DOMH the majority of the shares that will be repurchased through the $5M repurchase plan will be from management who shortly will begin to exercise a portion of their employee stock options…$4-$5 here we come…we just need to go along for the ride
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NairbT
$DOMH Totally ok with exercising my 9/18 calls today. Great to see the insider buys and the buyback plan. Looking forward to seeing the fruit of the acquisition corp and the spaceX holdings. Hope everyone has a nice weekend.
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33_Matters
$DOMH We all know 4th quarters aren't great for stocks in general and interest rates being high also push the brakes on the velocity of money but this particular company shouldn't be affected, as it's involved with the tech sector IPOs and it's headquartered in one of Trump Tower's floors indicating closeness to power. The negative EPS and P/E ought to be on purpose, either for tax reasons or just due to greed and complete disregard for retail shareholders which are kept in the dark as to what is going on.
33_Matters
$DOMH If they get closer to $1 they might need to reverse split and then it's all hell from there.
33_Matters
$DOMH Yep. 4th QT always sucks for most stocks, even more so with another rate hike in before the end of the year. Dead money for now. Hayes and Wool will probably spend Christmas in Monaco or in the Swiss Alps while we hold the bag. I am not sure if they have used the entire $5M yet as it was said "up to" that amount for the repurchases.
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