The stock trades below NAV with a strong cash position and a promising AI-driven treasury strategy, but the paper-traded results need to be replicated with real capital. Monitor the mid-August earnings call for actual financials and updates on EMJX live trading.
Price Chart
Executive Summary
SRX Global reported paper-traded EMJX returns of +24.8% since February 11, 2026, versus Bitcoin -4.2% over the same period, highlighting the AI-driven treasury strategy acquired via EMJX. The company also disclosed $55M in cash, no debt, and a $3.07 NAV per share, with a $1M dividend and 10M-share buyback authorized. The stock trades below NAV, but the paper-traded results have not yet been replicated with real capital.
Key Facts
- Paper-traded EMJX return of +24.8% (time-weighted) from Feb 11 to Jul 10, 2026, vs Bitcoin -4.2%
- $55 million in cash and short-term investments as of June 30, 2026, with no debt
- Net asset value of approximately $3.07 per share
- Board authorized a million-dollar aggregate cash dividend and up to 10-million-share buyback
- EMJX model uses AI regime detection (Bull, Mixed, Stress) with forward-looking daily trades emailed to the board
Financial Impact
Paper-traded EMJX strategy returned +24.8% over 149 days, but no actual capital was deployed. Balance sheet shows $55M cash and $3.07 NAV per share.
Risk Factors
- Paper-traded results may not translate to live trading due to execution, slippage, and market-impact effects
- Crypto volatility could impact the EMJX strategy's performance
- Small-cap stock with high historical volatility and limited liquidity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-033350 |
| Exhibit: ex99-1.htm | 0001493152-26-033350 |
| Document: form8-k.htm | 0001493152-26-033350 |
| Document: 0001493152-26-033350-index-headers.html | 0001493152-26-033350 |
| Document: 0001493152-26-033350-index.html | 0001493152-26-033350 |
| Document: 0001493152-26-033350.txt | 0001493152-26-033350 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 8-K | $1.51 $1.60 | ▲ +5.96% | ▲ +6.62% | $1.61 (+6.62%) |
Sep 2, 2026 4w ago | 8-K | $1.56 $1.59 | ▲ +1.92% | ▲ +3.07% | $1.61 (+3.21%) |
Aug 28, 2026 5w ago | 8-K | $1.68 $1.59 | ▲ +5.65% | ▲ +5.51% | $1.61 (+4.17%) |
Aug 19, 2026 6w ago | 8-K | $1.87 $1.84 | ▼ −1.60% | ▼ −1.22% | $1.61 (−13.90%) |
Aug 4, 2026 8w ago | Press Release | $1.37 $1.84 | ▲ +34.31% | ▲ +34.41% | $1.61 (+17.52%) |
Aug 3, 2026 8w ago | Press Release | $1.44 $1.73 | ▲ +20.14% | ▲ +18.11% | $1.61 (+11.81%) |
Jul 30, 2026 9w ago | Press Release | $1.48 $1.43 | ▼ −3.38% | ▼ −7.00% | $1.61 (+8.78%) |
Jul 28, 2026 9w ago | 8-K | $1.48 $1.44 | ▲ +2.70% | ▲ +4.97% | $1.61 (−8.78%) |
Jul 16, 2026 11w ago | 8-K | $2.41 $1.80 | ▼ −25.31% | ▼ −23.64% | $1.61 (−33.20%) |
Jul 16, 2026 11w ago | Press Release | $2.41 $1.80 | ▼ −25.31% | ▼ −23.64% | $1.61 (−33.20%) |
US Market Status
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