Another 10-bagger ahead (our 15th)? Only time will tell…
While we can’t tell you what to buy (nor can we tell our friends and family, as we’re not brokers or advisors), but if they already owned it, you can rest assured we would tell them NOT TO SELL!
As in, do-not hit that sell button, and make the 25% you’re up, from when we added it to the Watch List. No*, Nyet, Nein, Tidak!
Like we said, only time will or can tell, but one analyst – Ascendiant Capital Markets – has a $15 target (see below). We mentioned $14.30 in the headline, because that’s exactly 10X from here, and because it sounds cooler (more memorable) than $15.00. Subscribe for updates on Society Pass.
*No in 60 Languages, as in we mean no, en oh.
Our don’t sell conversation with relatives would go like this: “Are you out of your Effen mind? Didn’t you read the quarterly report that just came out that we asked you to read last weekend? Didn’t you read they just partially spun off a division onto NASDAQ? Did you read their updated balance sheet? Obviously you didn’t, otherwise you wouldn’t be asking such a silly question.”*
(Balance Sheet: On August 18, 2025, Society Pass Incorporated (the “Company”) furnished its unaudited condensed consolidated balance sheets as of June 30, 2025 on a pro forma basis as of August 18, 2025, which reflects the consummation of the initial public offering of NusaTrip Incorporated, a subsidiary of the Company (“NusaTrip”), on August 18, 2025, pursuant to which the Company received net proceeds of approximately $13,500,000. Read More in 8K)
We spent the weekend reading about Society Pass (SOPA) and we are wildly enthusiastic. The more we read (older 10K’s, 10Q’s, S-1’s and the like) the more excited we get. We suggest (urge) you read the same. As we used to say at Drexel Burnham back in the 80’s, “..we are highly confident.”
We will issue a report tomorrow afternoon, going over the Society Pass quarterly report, that you can read during the weekend. In the meantime here are a four points we mentioned earlier that are worth repeating. And we’ll take a peek at some charts.
Point #1. At $1.43, SOPA has a market capitalization of $7.8 million.
Point #2. SOPA has cash and equivalents of .. well just read for yourself, because it seems like, well, unbelievable…
Point #3. They own 14 million shares of NusaTrip (NUTR).
Point #4. Their business strategy has just been proven, or as the CEO Raynauld Liang, said in a press release:
“We are thrilled to launch NusaTrip (NUTR) as an independent public company. This IPO validates our proven business model of incubating fast growing technology companies in Southeast Asia and bringing them the required capital for robust expansion in the Asia Pacific region.”
In sum, for us at least, what is most exciting about Society Pass isn’t about the cash in the bank, it isn’t about the fact that they helped groom NusaTrip (a start-up) to the point where they could raise $15 million in an IPO, or the fact that they own 14 million shares of NusaTrip (NUTR).
Society Pass (SOPA) versus NusaTrip (NUTR) Volume.
What excites us most, and what makes us proud that they are a progress reporting and news coverage client, is the IPO achievement.
They have finally and officially helped groom, fund and get a portfolio company to go public, and funded with $15 million. Any incubator can have this as a plan or strategy, but until they ‘close a deal’ it’s just an idea of what they’d like to achieve. Plus this is not a one-and-done deal.
They have publicly stated their intentions to help another company in their portfolio go public, called ThoughtfulMedia.
Society Pass Inc. Bolstering Subsidiaries Ahead of IPOs
What is exciting is that they now have the wind behind their back, to do this again and again. They could be the next Y-Combinator, which is based in Silicon Valley – but for SE Asian or Pacific companies! And we all know they have talent coming out of the Ying-Yang.
Think for a minute if your a technology wizard in Indonesia, and you’ve come up with what can be the next Tencent (TZTCF) or AliBaba (BABA) who have a combined market value of $978 billion. But you don’t have the money to bring it to its full potential – and don’t have any rich relatives to fund your dream, and the financing markets for start-ups is somewhat frail (outside of China). Then you read in the local papers about how Society Pass, helped NusaTrip based in Jakarta raise $15 million!
Top ten on a CEO of a startup’s list, to get funding, is now to call to Raynauld Liang the CEO of Society Pass.
This is what can boost the deal flow of start-ups that Society Pass can now review, to bring under their umbrella. PURE genius we say. This could last for well…decades. This is why we would tell friends and family to look 5-10 years out. Y-Combinator was launched in in 2005 and they just keep going like the energizer bunny.
If you don’t know the Y-Combinator story, learn about them. They’ve funded 5,000 start-ups, which now have a combined valuation of $800 billion with a B!
Here’s How Y-Combinator Makes Billions With Other Peoples Ideas.
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RECENT CHARTS
We expect trading to remain volatile. Volume is still amazingly light, meaning investors at this level should be able to front-run any institutional involvement.
Below we zoom in on the last crazy run, when investors felt the two mentioned IPO’s were imminent. In hindsight it would have been nice to buy at $1.00 and flip it at $5.00 and buy it all back now, but who has that hindsight.
Our technical guru, tells us if it breaks over $1.66 – it could be off to the races.
Picture credit, Bloomberg: The people who lived through Michael Milken’s Wall Street saga tell it in their own words, 25 years later By Max Abelson, Jason Kelly, and David Carey | April 1, 2015
(The “highly confident letter” was a financing tool created by investment bankers at Drexel Burnham Lambert, in the 1980s. Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place. As in the proof is in the pudding, that is about to be cooked.)
Anyway, in any event we never tell anyone – when to sell. It’s against policy (ours). Back in the 80’s we made the mistake to tell (as a broker) everyone to sell tiny LA Gear, after it doubled from $5.00 to $10.00. Then it ran to $50 and became the third-largest athletic shoe company in the U.S., trailing only Nike and Reebok, and reporting sales of over $800 million before flaming out. Whoops. Got out a tad early.
As a broker you can lose a client money and let bygones be bygones. But take them out of a stock that later goes up 10-fold. You’re dead to them, phone calls are not returned. We’ll never do that gain! Actually we did do it once again, with our favorite Beverly Hills bartender – who kept giving us free drinks, until he abruptly cut off our free bar tab. After the same thing happened in (up ten-fold) SLS Audio, which he sold – after we told him – we sold. That hit us where it hurt, and we finally leaned our lesson! We are now and mum.
Cautionary Note Concerning Forward-Looking Statements
This post and press releases may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. Client, SOPA has retained Institutional Analyst Inc, (IAI) for ongoing news coverage and reporting with a combination of equity and cash totaling for nine-thousand dollars per month. See upcoming report for full disclosure and disclaimer details. Neither IAI for the Company undertakes an obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media Contact:
Raynauld Liang
Chief Executive Officer
ray@thesocietypass.com
