RVLT today announced they acquired Relume Lighting Technologies, a fine company in my neck of the woods. I’m loving how they structured this deal, paying only $5 million and offering the remaining ten large in common stock. They’re aligning goals by getting everyone vested in the share price. And by acquiring Seesmart and Relume they’ve become a formidable competitor in the lighting grade LED space.
Shares are up modestly on the news, but I wish they were down. I want a huge position in this name. I have a current cost basis of $4.35 and about 8 percent of my portfolio invested. I want to be 20 percent invested…a concentration of sorts only a madman would consider. And I want to hold it for years, or until I feel the management is not executing.
Right now I love these guys.
Consider this my hype piece on RVLT. I’m not going to pump this name, but I will be swinging it intermediate to long term.
The challenge here will be sitting on all the profits, watch.
No charts needed here. I have GTC orders at $3.20 and $2.15. Hook it up.
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