The company specializes in short form video content

I'll be keeping this on my watchlist... [Image] Netflix could charge $100 a month, and I’d probably still pay for it. Like most folks, I’m addicted to streaming media. Who wants to wait for any show or movie when you can have it RIGHT NOW! This is the world we live in. So, why not play the game? It’s fair to say that at-home streaming media is saturated. But there’s a place content hits us we rarely recognize - businesses. Think about the last time you went to a McDonald’s. Do you remember seeing televisions overhead? Or how about the last time you went to the gym and streamed TikTok from the screen on the treadmill? The trend is wider and more powerful than you probably realize. And there’s one player that sits at the top of the pack - Loop Media Inc. (AMEX: LPTV). And for traders, it’s got a fairly small float at just over 29 million and a wide 1-month trading range that leaves plent of room for profits. Loop Media Inc. (AMEX: LPTV) - 1-month trading range: $2.68 - $4.50 - Typical average daily volume: 113,000 - Float: 29 million Loop Media’s Business I want to start by giving you Loop Media’s mission statement, as it does a pretty good job of explaining its purpose: Bring Streaming TV to Businesses - Unlock the potential of businesses to inform, entertain and engage their customers while enabling advertisers to reach consumers in an out-of-home environment in a measurable and targeted way The company specializes in short form video content and music with dozens of stations to choose from. [EmaxblZcB8qS31pLULi8lRIpRAITmki3YGWsmlAROAXCpU7wBN_Xdfd1Zv-9L5a6io82fnnGyWwpq99j3faBiZKdm-PRNUUclfqT9jAHDC9KZ2LDKGyVnDCr-2wIzyp8NR59VjWc6RDVIKwzWoav-g] [Source: LoopTV Website]( Their big claim to fame is digital out of home (DOOH) TV and digital signage platform optimized for businesses, and digital signage platform optimized for businesses, streaming more than 200 free music video, news, sports and entertainment channels through its Loop TV service. Basically, if you run a business, these guys will give you streaming content catered to yo and your customers needs. [17olJklXDHf1bFkSTXZI8Bwxom-GrqLRItIuTSOHwKEPatJk4rZW2JL5is3ujmWcYXt9ld06KIrfqhKfhhr7NCcrlqHE7Q4tq35-qeEIBi-RTF9ea77RhbnLtFuwsAzthNqnUSBjvNBWh5r5EzZnvA] [Source: LoopTV Investor Presentation]( Loop’s multichannel streaming platform caters to various industries such as bars/restaurant franchises, universities, fitness centers, malls, retail stores, and hotels. The company sees its competitive advantages as: - Exclusive licensing deals with major music labels and studios - Proprietary technology platform that enables seamless streaming and interactive - Large and growing library of over 500,000 videos - Strong distribution partnerships with various OOH venues and consumer devices Financials [QFgiFj9RcX2a_i-pIOjv5H5gSdSXXMySmc6XMuktQ0F56VeNJrVtqobHYo1FfFgjK2ptDaY7qIH08LsjYwFilano-AEB3KF65TWt3K0AaRpW9fZ-SrSe6j1l7_BmUhO__P6IIdrPznygiRouhIfKPQ] [Source: Stockanalysis.com]( Like most stocks I cover, Loop isn’t profitable on a P&L basis. While it does manage a gross profit, its SG&A expenses pull its net income into the negative. And even when you remove stock-based compensation and other non-cash items, the company burns through around $13 million per year in cash from operations. [xl5UI12v-BcUWOaauUfMOM9axWKW7sgErkCfovjdAc4eJ_jwcHatvehKkSp0hz_6lUwNqxX_xTYSVt0V6o4ycJ02hOul1FVnYZjGYMUd1FD0qsKkIRqk4ycFeeBkuKw7t8VXaLK0ZrZ7f6KFRnER8g] [Source: LoopTV Investor Presentation]( While the $4.65 million in cash and $5.7 million in receivables on its balance sheets might seem like a silver lining, the payables of $6.9 million and accrued liabilieies and royalties of $6.6 million put them upside down. That’s largely why the company issued $12.8 million in long-term debt last year as well as issued $13.3 million worth of common stock on top of the $10.4 million it tendered the year before. Promoter Activity I only came across one promoter pushing the stock. However, they were paid a hefty $200,000 to run a campaign from 5/19/2023 - 6/9/2023. And quite honestly, they did a crap job. There highlights where three-fold: - May 23, 2023 - LPTV’s inclusion in the Russell 2000 and Russell 3000, effective June 26 - The low float size of LPTV (approximately 27.75 million shares) could contribute to potential volatility in the stock. - Oversold technical indicators, such as the 9-Day and 14-Day Relative Strength Index (RSI) and the 14-Day Raw Stochastic, which could indicate a potential bounce/reversal in the stock The inclusion to the major Russell indexes is a huge deal and a big reason to keep an eye on this stock. A 28 million share float is important but not timely. And technical indicators like stochastics and RSIs change markedly from the start of the campaign to the end. So I ignore them. Now, the promoter could have highlighted some of these other catalysts: - June 8, 2023 - Loop Media announces strategic partnership with Pypestream, the leading self-service automation platform with an all-in-one cloud messaging and conversational AI Everyone knows how big AI is to the trading and investment world. And I get that their marketing campaign was closing a day later. But come on…this could have been a HUGE catalyst. And how do they not discuss the company’s June 2 quarterly results? Straight to the Facts I’m at least keeping LPTV on my watchlist through its inclusion into the Russell indexes. Oftentimes, stocks will rise into these events. That could provide some nice swing trading in the short term. But I wouldn’t be surprised if the AI news catches fire once someone notices. Always at your service, Baron Von Stocks Red Oak Media Group, 7940 Ann Arbor St Dexter MI USA 48130 To update contact information or unsubscribe from this list, please [click here](