Weekly Update: December 3, 2021
Jobs reports not too exciting and now here we are staring down another version of Covid called Omicron that has now arrived in the US.
The S&P, NASDAQ are both off, but in reality, a pullback is probably long overdue.
Yahoo Finance 12-3-21
Stocks sank on Friday to end the week lower, as investors digested updates on the Omicron variant alongside the Labor Department’s November jobs report, which came in mixed compared to Wall Street’s elevated expectations.
The S&P 500 posted a weekly loss of 1.2% since last Friday, sliding in volatile trading after the discovery of the Omicron variant. The Nasdaq underperformed with a weekly loss of 2.6%. Treasury yields also dipped as investors bought safe haven assets, and the yield on the benchmark 10-year note slid below 1.4%.
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12-3-2021 CanB Corp (OTC CANB)
Greenridge Global Research Issues Update
Revenue Surges In Q3, Reverse Split Approved
Revenue Surges In Q3. Can B reported third quarter Revenue of $1.91 million, which surpassed the Company’s Revenue for all of 2020. The surge was related to the acquisitions of TWS and MCB, which added significant processing capacity, as noted in our initiation report. Gross Margins were strong at 71.7%. Operating expenses of $3.89 million were higher than expected related to acquisition and Reg A offering costs. Net Loss for the quarter was $3.23 million, or $0.11 per share.
Reverse Split Approved. Yesterday, the Company filed a Proxy notifying shareholders that the Board approved a reverse stock split, which could range between 1:2 and 1:15. A full shareholder vote was not required due to the voting rights on the Series A and Series D Preferred Shares. We expect this move was done in anticipation of an uplisting.
Model Update. Despite beating on the topline in Q3, we are leaving the remainder of our estimates in place and will wait to make adjustments based on Q4, which will be the first full quarter with all of the processing equipment owned and operated.
Maintaining Rating & Target. With no material changes to our model, third quarter results that beat our estimate, and a potential uplisting on the horizon, we are reiterating our Buy rating and $1.20 target price on Can B Corp. We expect that a full quarter of operating results in the fourth quarter will be significant in showing the Revenue and Earnings potential of the re-made Can B. Our target price is based on a P/E multiple of 20 times our fiscal 2023 Diluted EPS estimate of $0.06, discounted one year at 10%.
12-2-21 Perpetual Industries Inc. OTC (PRPI)
Perpetual Industries Launches 506(c) Series A Preferred Share Offering for Stage One of Its Cryptocurrency Mining Division Expansion Plan
Perpetual Industries seeks to raise $7 million from accredited investors interested in diversifying their investments in the fast-growing cryptocurrency mining industry with a Series A Preferred Share Offering
AUBURN, Ind. , Dec. 02, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), a diversified research and development company of energy-efficient technologies and commercialization of niche products today announces that it will offer up to 140 shares of its Series A Preferred Stock at $50,000 per share for an aggregate offering amount of $7 million. The shares will be offered to accredited investors and institutional investors only pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the “Securities Act”). Although general solicitation is permitted under Rule 506(c) offerings, purchasers must be accredited investors and meet certain Securities and Exchange Commission (“SEC”) verification requirements for validation of their “accredited investor” status.
12-1- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Pivoting to Acute Pain Management for Otenaproxesul
On October 14, 2021, Antibe Therapeutics, Inc. (OTC:ATBPF) (TSX:ATE.TO) provided an update on the development of otenaproxesul following a comprehensive review of the absorption, metabolism, and excretion (AME) study that was previously paused due to six patients experiencing liver transaminase elevations (LTEs) exceeding five times the upper limit of normal (ULN). The company has determined that the best path forward for otenaproxesul is in the management of acute pain, with an initial indication of postoperative pain.
11-18-21 Perpetual Industries Inc. OTC (PRPI)
Perpetual Industries Reports Solid Third-Quarter Financial Growth
AUBURN, Ind., Nov. 18, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), a diversified research and development company of energy-efficient technologies and products, is pleased to announce its financial and operating results for the third quarter of 2021.
Third Quarter 2021 Highlights for the Period Ending Sept. 30, 2021:
- Gross revenues increased $5,142,718 in the nine months ending Sept. 30, 2021, over the same period in 2020
- Gross profits increased $2,869,103 in the nine months ending Sept. 30, 2021, over the same period in 2020
- Net income recorded of $566,676 in the three months ending Sept. 30, 2021, a growth of 443% over the same period in 2020
- Cash reported on a consolidated basis of $3,471,679, an increase of 489% over year ending December 2020.
- Total current assets recorded of $3,553,323, an increase of 450% over year ending December 2020.
11-01- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Reports Q2 2022 Interim Financial and Operating Results
Otenaproxesul’s acute pain clinical program set to begin early next quarter
– Ended quarter with a $60 million cash position
TORONTO, November 16, 2021–(BUSINESS WIRE)–Antibe Therapeutics Inc. (TSX:ATE, OTCQX:ATBPF), a clinical stage company leveraging its unique hydrogen sulfide platform to develop safer medicines for pain and inflammation, has filed its financial and operating results for the fiscal quarter ended September 30, 2021.
“With the clinical program for post-operative pain slated to begin early next quarter and third-party commercial studies underway, the scientific and strategic review we initiated during the quarter will soon be yielding results,” commented Dan Legault, Antibe’s CEO. “Our goal is to rapidly deliver a safe and effective alternative for physicians, surgeons and patients who today must choose between GI-damaging NSAIDs and addictive, side effect-prone opioids. With a strong balance sheet and extensive safety and efficacy data on otenaproxesul already in hand, we are well-equipped to target one of the most intractable problems in healthcare.”
11-5-2021 CanB Corp (OTC CANB)
Can B Corp. Reports 316% Revenue Growth to a Quarterly Revenue Record of $1.9 Million for its Third Quarter 2021
HICKSVILLE, NY / ACCESSWIRE / November 5, 2021 / Can B Corp. (OTCQB:CANB) (“Can B” or the “Company”), a health and wellness company specializing in developing, producing and selling hemp derived cannabinoid products, today announced the Company’s financial results for the third quarter ended September 30, 2021 (“Q3 2021”).
Key Financial Highlights during Q3 2021
- Revenue increased 316% in 3rd quarter 2021 to $1.9 million compared to Q3 2020- (a trend expected to continue into subsequent quarters into 2023
- Gross profit increased 261% to $1.4 million compared to Q3 2020
- Total assets increased to 14.2 million
- Total stockholders’ equity increased to $5.7 million
11-1-2021Guangdong Land Holdings Limited (HKSE 0124)
Greenridge Global Equity Research announced:
We are terminating coverage of Guangdong Land Holdings Limited in order to focus on other areas of interest to our institutional clients. As a result our previous rating, estimates and target price should no longer be relied upon.
11-01- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Outlines Plan for Otenaproxesul’s Acute Pain Program
TORONTO, November 01, 2021–(BUSINESS WIRE)–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies for a wide range of inflammatory conditions, is pleased to provide further detail on otenaproxesul’s development plan for acute pain indications. Further to its October 14th press release, Antibe has now identified timing for the program’s key regulatory and development milestones for post-operative pain, the Company’s initial acute indication for otenaproxesul.
“With otenaproxesul’s impressive 14-day efficacy and GI safety profile, which is ideally suited for acute pain, we are well-positioned to rapidly bring to market a novel and safe non-opioid analgesic,” commented Dan Legault, Antibe’s CEO. “From a commercial standpoint, we see the $13 billion post-operative pain segment as an ideal springboard to the much broader acute pain market. Combined with the lack of innovation in oral analgesics and the urgent global need for non-addictive alternatives, we expect otenaproxesul to be especially attractive to potential partners. And with the option of funding the entire Phase III program with our current cash position, Antibe has a unique opportunity to shift the treatment paradigm of acute pain.”
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|December 3, 2021 |
COMPANY QUOTES, LISTINGS RESEARCH AND NEWS
Antibe Therapeutics, Inc (ATBPF) Profile 11/11/2018 News
Can B Corp (CANB) Profile News
Endurance Exploration Group, Ltd (EXPL) Profile 03-26/19 News
Social Reality, Inc. (SRAX) Profile 02/05/19 News
Apollo Future Mobility Ltd. (HK 0860) Profile 2/23/2020 News
ValuEngine Weekly Report
By: Herb Blank
Income-oriented investors disgusted by the pitiful yields available in US fixed income securities during the past five years have turned increasingly to dividend ETFs. However, in the ETF world, dividend-oriented ETFs and ETFs constructed to pay owners the highest possible dividend yields aren’t necessarily the same thing. Today, we’ll compare 5 dividend-oriented ETFs with very different construction rules and performance records. Then we will provide return/yield comparisons with a few ETFs paying very high dividend yields with very different holdings and methodologies.
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Event Calendar Updates
Not Surprisingly many conference events are cancelled or postponed- but are now getting back in action.
Rocky Mountain Microcap Conference VIII.
November 3, 2021 conference at TopGolf in Centennial Colorado was a great success with a higher than normal turnout.
Check it out and watch the presentations at:
LD Micro Main Event
October 12-14 Los Angeles.
This conference was a great success
All presenting company video calls will be available to view for 3 months. Visit the event website to see all the presentations: https://ldmicrojune2021.mysequire.com/
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