We measure our success by our clients’ results. Our team works closely with management to establish an effective and targeted shareholder outreach campaign, which includes properly packaging their story, establishing the appropriate expectations, and providing consistent transparency into the business.
By introducing key market participants, the overall goal of these efforts should lead to increased corporate visibility, greater shareholder diversification, and a market multiple consistent with comparables, as well the company’s specific growth prospects. Below are a few Case Studies that show how MZ leveraged its complete set of services to achieve our clients’ goals.
- eXp World Holdings
- BofI Federal Bank
- Customers Bancorp, Inc.
- Energous Corporation
- 3PEA International, Inc.
eXp World Holdings
eXp World Holdings (NASDAQ: EXPI) engaged MZ in December 2016 to assist the Company with all aspects of corporate communications amongst current and prospective investors, while enhancing awareness of the Company within the capital markets. The stock was thinly traded, relatively unknown and had trouble attracting institutional investors. MZ’s investor relations program began with introducing the story to high net worth investors seeking micro cap ideas under the radar, select retail investors, and small institutional sector specific funds capable of buying stock in the open market. The company also attended its first true investor conferences, having attended four top-tier microcap investor conferences since engagement. Three bullish write-ups on Seeking Alpha, as well as publication on Medium, also helped to expand retail awareness. By March of 2018, EXPI shares had risen 217% to $12.84 with liquidity up over 250% from a 30 day average volume of 8.9K shares/day to 31.1K shares/day.
BofI Federal Bank
BofI Holding, Inc. (NASDAQ: BOFI) engaged MZ in January 2012 with its stock trading at about $16.00. MZ kick-started BofI’s investor relations program and began an aggressive conference schedule to put BofI in front of a wide variety of new investors and analysts. Concurrently, multiple international Non Deal Roadshows were booked, increasing BofI’s introduction to new investors across the US and Canada. During engagement BOFI stock rose to a high of $105.55, a 544% increase, with liquidity increased 595% from an average shares traded of 39K shares/day to 269K shares/day.
Customers Bancorp, Inc.
Customers Bancorp (NASDAQ: CUBI) engaged MZ in November, 2013 with its stock trading at approximately $15.29. The MZ team implemented a full service investor relations program, including targeted awareness to investors, analysts, shareholders and other key constituents. In June 2015, the stock was up 70% and trading at $26.03. CUBI average daily volume increased 67% from 78K shares/day to 131K shares/day.
Energous (NASDAQ: WATT) engaged MZ group in early January of 2014 for pre-IPO services, including introducing the company to 75 investors on its IPO roadshow. With MZ’s guidance, the IPO was a success at $6.00 a share with 4 million shares sold on March 28, 2014. MDB Capital also exercised its entire over-allotment option to purchase an additional 600,000 shares of the WATT’s common stock. Total gross proceeds of the IPO, including the over-allotment, were $27.6M. WATT surged 76.33% to $10.58 its first day of trading after its IPO, with over 1.9 million shares traded. After the IPO, WATT stock increased 128% to over $13.69 with average volume at 144 K shares/day through June 2014. After the IPO, MZ continued to market the stock to the financial community and new investors.
3PEA International, Inc.
3PEA International (OTCQB: TPNL); Now trading as PaySign (NASDAQ: PAYS); engaged MZ in September, 2014 when the stock was trading at $0.19. MZ began to introduce the company to MZ’s proprietary investor database with one-on-one conference calls with analysts and investors and initiated a full investor relations program. MZ provided assistance with press releases and hosted a virtual roadshow to increase investor awareness. MZ also created an investor centric presentation to position the company with investors. Through April 2015, the stock had risen to a high of $0.98, a 400% increase, with trading volume up 78% from 19K to approximately 33K shares/day.