I received an interesting email from a CNA Finance tipster yesterday evening, informing me of a conversation that he overheard with regard to TRITON FUNDS and a potential takeover of Helios and Matheson Analytics (NASDAQ: HMNY). At first, I thought the story was an interesting one, but questioned the validity. Here is a link to my original post from last night discussing the rumors. However, after a quick coversation with Yash Thukral and Sam Yaffa, co-founders of TRITON FUNDS, I’m convinced that there’s at least some truth behind the rumor. Today, we’ll talk about:
- The conversation I had with Mr. Thukral and Mr. Yaffa;
- Who TRITON FUNDS is; and
- what we’ll be watching for ahead.
TRITON FUNDS Is In Talks With HMNY
I received an email from Mr. Thukral, mentioning that he had read my email and article, and asking for a phone call. Here’s a copy of the email that I received:
Read your article you posted, and saw your email to my colleague Nathan. Please give me a ring at 818.879.3339.
All the best,
TRITON FUNDS LLC
During the conversation, the big question that I wanted the answer to was the same question that I’m sure you wanted the answer to… Is TRITON FUNDS interested in taking over Helios and Matheson Analytics?
Unfortunately, this is a question that the members of TRITON FUNDS were not at liberty to answer at the moment. However, Mr. Thukral did confirm that the company has been in discussions with management at Helios and Matheson Analytics. Neither Mr. Thukral nor Mr. Yaffa were at liberty to discuss just what these conversations was about.
Nonetheless, they both expressed an interest in HMNY as an investment. During the conversation, the TRITON FUNDS founders made it clear that they see opportunity in the current valuation of HMNY after months of declines. Following recent developments from HMNY, the team believes that the stock represents a strong opportunity.
Who Is TRITON FUNDS?
TRITON FUNDS is a student led group. All members of the group are students at the University of California, San Diego. Essentially, it is a fund centered around the idea of built by millenials for millenials who invest in millenials. OK, that’s a lot fo millenials, but the reality is that they seem to be onto something here.
While founded by three undergraduate students from the University of California, San Diego, TRITON FUNDS is anything but a small group of college kids trying to make it rich. These college students have the potential to be the next big names in the investing community.
TRITON FUNDS has put together a company that includes a group of students from U.C., San Diego in varrying educational programs and an incredible scientific advisory board with highly respected thought leaders, including names like Steve Briggs, Dr. Paddy Barrett, Dr. Kelly Tucker, and many others. To learn more about the TRITON FUNDS team, click here.
As mentioned above, the fund specifically focuses on melenial focused investments, which is one of the core drivers of the fund’s interest in HMNY. A recent investment made by the firm was in a company known as At Your Gate, a company that delivers food to your airline gate when traveling. The fund has also made sizable investments in blockchain, security solutions, life sciences, and other companies that represent the change the millenial generation is bringing to the world.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on HMNY and the discussion between the company and TRITON FUNDS. Stay tuned as there is likely more to come of this story.
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