based in hong kong, takung art company ltd. provides a secure and easy way for art collectors and investors to acquire shared ownership in asian and other fine art - including paintings, calligraphies, jewelry and precious gems - and participate in the booming international art market without fear of price manipulation and forgery. the ability to trade these valuable assets on takung's proprietary online trading platform has attracted a significant number of fine art investors - including many ordinary people without substantial financial resources. this novel platform significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone. for providing this unique service, takung art company earns multiple streams of revenue, including listing fees, trading commissions, management fees and authorized agent fees. takung's business model is to continually add to its fine art listings by offering collec
Company profile
Ticker
MI, TKAT
Exchange
Website
CEO
Fang Mu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Cardigant Medical Inc., Takung Art Co., Ltd.
SEC CIK
Corporate docs
Subsidiaries
Hong Kong Takung Art Company Limited • Hong Kong MQ Group Limited • NFT DIGITAL TECHNOLOGY LIMITED • NFT EXCHANGE LIMITED • METAVERSE DIGITAL PAYMENT CO., LIMITED ...
MI stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
18 Sep 23
8-K
Entry into a Material Definitive Agreement
8 Sep 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Departure of Directors or Certain Officers
10 Jul 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
25 May 23
10-Q
2023 Q1
Quarterly report
24 May 23
10-K/A
2022 FY
Annual report (amended)
24 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
DEFR14A
Revised proxy
21 Apr 23
8-K
Departure of Directors or Certain Officers
18 Apr 23
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 67.20 mm | 67.20 mm | 67.20 mm | 67.20 mm | 67.20 mm | 67.20 mm |
Cash burn (monthly) | 576.38 k | (no burn) | 101.54 k | 243.46 k | 687.18 k | 183.94 k |
Cash used (since last report) | 5.72 mm | n/a | 1.01 mm | 2.42 mm | 6.82 mm | 1.83 mm |
Cash remaining | 61.48 mm | n/a | 66.19 mm | 64.79 mm | 60.38 mm | 65.38 mm |
Runway (months of cash) | 106.7 | n/a | 651.9 | 266.1 | 87.9 | 355.4 |
Institutional ownership, Q2 2023
0.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 5 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 39.73 mm |
Total shares | 187.87 k |
Total puts | 0.00 |
Total calls | 700.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bridgeway Capital Management | 76.00 k | $26.60 mm |
Renaissance Technologies | 54.10 k | $19.00 k |
Citadel Advisors | 23.70 k | $8.29 mm |
VIRT Virtu Financial | 16.09 k | $6.00 k |
Millennium Management | 10.61 k | $3.71 mm |
Simplex Trading | 3.35 k | $1.00 k |
Group One Trading | 1.30 k | $455.00 k |
Cutler | 900.00 | $0.00 |
Advisor | 575.00 | $201.00 k |
Tower Research Capital | 529.00 | $185.00 k |
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