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Weekly Update: July 15, 2021
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Breaking News
Another great day in America!!
I watched with fascination and envy as Branson and company took a joy ride into space.
Once again, an entrepreneurial spirit leads the world in exploration.
Behind the scenes it is the democracy that we live in that allows people with the right stuff (smarts and ambition) to take on unbelievably complex projects with staggering budgets and get it done.
I well remember Jeff Bezos and his little start up-Amazon selling books on line and a ton of people saying he’d never make it. Now look where they are. My Hats off!!!
By the way anyone that wants to contribute to my space ride, please contact me……..
Yahoo Finance
A Virgin Galactic rocket plane carrying the company’s founder, Richard Branson, reached the edge of space on Sunday during a hotly anticipated and heavily publicized flight that made the British entrepreneur the ostensible winner of a new billionaire space race.
The launch had initially been planned for later in the summer, but it was moved up after Amazon founder Jeff Bezos, the world’s richest person, announced he would be heading to space on a rocket built by his company Blue Origin later this month. Branson has denied that there’s any competition between him and Bezos, but that hasn’t stopped the companies from quibbling over whether Sunday’s flight went high enough to count as going to space
Introducing the new: China Stock Alerts Newsletter
China Stock Alerts provides timely information on China and the Chinese companies listed in the US on our website and daily newsletter. Please SUBSCRIBE for our daily newsletter, which is sent out before the market opens and features previous day gainers and losers, market and company specific news, and an updated calendar of earnings.
China Stock Alerts
TOP NEWS
July 15, 2021
- China’s Growth Slows But Shows Resilience in Second Quarter (MarketWatch)
- U.S. Extends Trump-Era Halt to Economic Dialogue With China (Bloomberg)
- China’s slowing economic growth signals fiscal spending could continue into second half of year (SCMP)
- US ban on all products from China’s Xinjiang nears as Senate passes forced labour bill (SCMP)
- China grants tax breaks, policy leeway to turn Shanghai into powerhouse for AI, chips, planes and pharmaceuticals (SCMP)
Read Complete Report for July 9, 2021
Corporate News-
7-6-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Announces the Denny Kannenberg ‘Kannonball’ Collection Auction, Hosted by Worldwide Auctioneers, a Wholly Owned Subsidiary, and Presented by Gas Monkey Garage and Richard Rawlings, Showcasing one of the Most Significant Motorcycle Collections to Ever Come to Market Along With an Eclectic Offering of Collectible Vehicles
AUBURN, Ind., July 06, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries (OTCMARKETS: PRPI) is pleased to announce that its wholly owned subsidiary Worldwide Auctioneers will host The Denny “Kannonball” Kannenberg Collection Auction at its Indiana headquarters this September. The all no-reserve auction will be presented by Gas Monkey Garage and Richard Rawlings and features the lifetime collection of celebrated flat track racer Denny “Kannonball” Kannenberg. This sale will showcase one of the most significant motorcycle collections to ever come to market.
Read Complete Release
6-25- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Collaborates With Dalriada Drug Discovery to Accelerate Pipeline Expansion
Enables rapid advancement of multiple drug discovery programs to exploit hydrogen sulfide platform in new disease areas
TORONTO, June 25, 2021–(BUSINESS WIRE)–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical-stage company leveraging its unique hydrogen sulfide platform to develop next-generation safer therapies to target inflammation in a wide range of health conditions, today announced a strategic collaboration with Dalriada Drug Discovery to develop new drug candidates and fortify Antibe’s intellectual property (“IP”) position for its current pipeline.
6-24-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Outlines Unique Offering Planned for the Car Collection Community – Strengthening Its Portfolio by Including Worldwide Auctioneers and AutoGrafic Software System Designed to Provide Auto Collectors, Enthusiasts, Restorers and Lovers with an Interactive and Connected Experience
AUBURN, Ind., June 24, 2021 (GLOBE NEWSWIRE) — via InvestorWire — In a strategic move to strengthen its portfolio, including its recently acquired Worldwide Auctioneers, as well as team leadership, Perpetual Industries Inc. (OTC: PRPI) completed its acquisition of the AutoGrafic Software System earlier this year (https://ibn.fm/PcJiX). PRPI is looking to create a unique offering in the world of collector cars by bringing Worldwide Auctioneers and the AutoGrafic Software System together in a synergistic offering designed to provide auto collectors, enthusiasts, restorers and lovers with a more interactive and connected experience (https://ibn.fm/YzFTj).
6-23-21 Blue Water Ventures, Inc. (OTCPK: BWVI), Endurance Exploration Group, Inc. (OTCPK:EXPL)
New Sonar Survey Discovers Large Unsalvaged Sections of SB Pulaski, 1838
Jacksonville, FL, June 23, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Project partners Blue Water Ventures, Inc. (OTCPK: BWVI), Endurance Exploration Group, Inc. (OTCPK:EXPL), and Marex International, Inc. are pleased to announce the start of the 2021 Recovery season on the SB Pulaski-1838.
The M/V Blue Water Rose was deployed off the North Carolina coast in early June with specialized high resolution side-scan sonar equipment and tasked with conducting an intense, high resolution sonar imaging survey of the areas near the project’s most recently salvaged site of the SB Pulaski. The mission, led by project managers Mark Martin and Rodney Grambo, has now located and inspected several dozen additional debris fields believed associated with the SB Pulaski sinking. The debris, which includes large sections of the ship’s machinery and contents, is scattered along a drift-line of several miles. Most importantly, a new section of the wreck, believed to be the elusive stern section which has evaded us for several years, is now believed to have been located. This section includes what appears to be an approximately one-hundred-foot section of the ship’s wooden keel, and a very large concentration of shipwreck artifacts and material. The SB Pulaski’s stern section sank approximately one hour after the ship’s boilers exploded causing the ship to break into two pieces, spilling her machinery and contents while the two ship’s sections continued to float until sinking.
6-18-21 Greenridge Global Securities Issues Update
Apollo Future Mobility Group, Ltd. [HKSE: 0860]
Maintaining Buy Rating andTarget HK$1.50
Shift In Inverter Model Should Yield Higher Profits Starting In 2023
H1:21 Results Driven By Jewelry & The Ideenion Closing. AFMG reported first half Revenue of HK$241.1 million, beating our estimate due to much higher legacy Jewelry sales. Two IEs were delivered during the period, as expected, however Outsourced Engineering Revenue was weaker due to COVID-related delays and the Jinpeng business being booked through Ideenion, which only had roughly one month included in the period. Operating expenses were higher than expected, at HK$267.6 million, due primarily to HK$106.8 million in non-cash stock-based charges. Losses from JVs and Associates totaled HK$22.9 million. Net Loss for the period was HK$201.8 million.
Operations & Model Update. We made a number of significant changes to our model. We continued to spread out deliveries of the initial IE deliveries and pushed out EVO deliveries by six months, but added in 10 additional IE Roadster units to be delivered in the next 18 months. We also adjusted the Inverter from a license model to a product sale model, which had a significant impact on the model. Switching from a license model to an OEM model, including partnering with a European motor manufacturer for the electric motor, will push out Revenue for this product and reduce the gross margin. However, the Revenue and Net Margin from this product should be higher as compared to what the license model would have produced. We expect there will be immediate demand from OEMs to test the Inverter/Electric Motor later this year. We also made reductions to the Jinpeng JV due to COVID-related delays. The timing of EVO deliveries, Jinpeng sales growing, and commercial orders for the Inverter set up 2023 to be a big year for AFMG, and all of this still excludes the Shanghai JV, which could potentially deliver more than 1,000 Apollo-branded EVs in 2023; we will continue to hold off adding this to our model until greater detail is provided on the structure and plan for the proposed JV.
6-14-21 SRAX, Inc. (NASDAQ: SRAX)
SRAX Releases the 1×1 Meeting Feature on the Sequire Virtual Events Platform
LOS ANGELES, Jun 14, 2021–(BUSINESS WIRE)–SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the release of its 1×1 Meeting Feature in the Sequire Virtual Events Platform. This new addition will allow companies to connect with existing and potential shareholders on an individual basis during an event.
The new 1×1 feature is an addition to Sequire Audience, a tool that allows companies to launch their earnings calls, shareholder meetings and other customizable events.
6-11- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics makes presentation on latest developments on the LD Micro Virtual Conference
Login here to listen to the recorded presentation:
https://ldmicrojune2021.mysequire.com/
6-3- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Announces Close of Amalgamation Transaction to Unify Intellectual Property Ownership
Antibe Therapeutics Inc. (“Antibe” or the “Company”) (TSX:ATE) is pleased to announce that, further to its press release dated May 7, 2021, the Company has completed its previously announced amalgamation transaction (the “Transaction”) to combine Antibe with Antibe Holdings Inc. (“Holdings”). Antibe was founded with an exclusive intellectual property license from Holdings to develop and commercialize the Company’s pipeline drugs. The license obligated the Company to pay royalties to Holdings on revenues derived from this intellectual property. Pursuant to the Transaction, the Company has acquired full ownership of Holdings’ patent portfolio, eliminating the royalty liability on future revenues.
5-24-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Announces Strong First Quarter 2021
AUBURN, Ind., May 24, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”) is pleased to announce the highlights of its financial and operating results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights:
- Record gross revenues recorded of $732,414, a growth of 100% year over year.
- Record gross profits recorded of $531,006, a growth of 100% year over year.
- An 87% decrease in net operating losses recorded of $(21,924) in Q1 2021 over $(174,176) Q1 2020.
- Cash recorded of $1,669,838, an increase of 183% over year ending Dec. 2020.
- Total assets recorded of 4,746,166, an increase of 435% over year ending Dec. 2020.
- Acquisition of Worldwide Auctioneers, a wholly-owned subsidiary and new revenue stream.
- Purchased AutoGrafic Software System, a SaaS and social application for the Blockchain division.
Read Complete Release
5-22-21 Can B Corp. (OTCQB: CANB)
Can B Corp Announces First Quarter 2021 Results
– Strengthened Balance Sheet with $1.7 Million Cash Balance
– Strong Gross Margin of 75%
HICKSVILLE, NY / ACCESSWIRE / May 22, 2021 / Can B Corp. (OTCQB:CANB) (“Can B” or the “Company”) a diversified health and wellness company, announced today operating and financial results for the three months ended March 31, 2021.
Marco Alfonsi, Can B’s Chief Executive Officer, commented, “While we experienced a decline in our revenue due to Covid-19’s negative impact on markets we serve in elective surgeries and lost clients due to business closings of certain distributors, we have taken the time to maintain and strengthen our vertically integrated platform. As an integrated Health & Wellness company providing the highest quality cannabidiol (CBD) and traditional wellness products our business pipeline remains strong for both our own branded lines and our private label contract manufacturing. Additionally, we are in several ongoing discussions with potential corporate opportunities and strategic partnerships and acquisitions that would accelerate our growth.”
Read Complete Release
5-17-21 SRAX, Inc. (NASDAQ: SRAX)
SRAX Reports Continued Revenue Growth in Q1 2021 and Increases Full-Year Guidance
SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, is providing unaudited financial results for Q1 of 2021 today, May 17th, 2021.
First Quarter 2021 and Recent Operational Highlights and Guidance
- Revenue for Q1 of $5.4M up 1,450% year-over-year, 21% sequentially quarter-over-quarter, exceeding previous guidance
- Full-year revenue guidance increased from $23M – $25M to $25M – $27M
- Sequire bookings of $10M for Q1 and $7.2M to date in Q2
- 9 consecutive quarters of Sequire SAAS growth
- Currently holding approximately $23M worth of marketable securities
- 200 public companies/partners have subscribed to Sequire, up 17 since our Q4 release
- Sequire revenue to be recognized from existing contracts in 2021: $19.8M as of this release.
- Second Quarter revenue guidance reiterated at $7M
Read Complete Release
5-12-21 Can B Corp. (OTCQB: CANB)
Can B Corp. Enters the Industrial Hemp Business
(“Can B” or the “Company”), a diversified health and wellness company, is pleased to announce its recent purchases of additional equipment in order to increase production at its industrial hemp facility in Colorado.
In addition to the hemp growing and cultivations already underway in CO and NY under our Botanical Biotech division, the Company is entering the industrial hemp business. Fresh from a farm equipment auction in CO, the Company acquired the basic equipment to grow and harvest industrial hemp. The equipment includes specially modified for hemp combines, grapplers, forage wagons, a semi-tractor/ trailer and a plethora of additional equipment for a full-on grow and harvest, all purchases for dimes on the dollar.
5-7- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Announces Agreement to Unify Intellectual Property Ownership
– Amalgamation secures 100% ownership of IP underlying Antibe’s pipeline
– Strengthens position in large-market partnering discussions
Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF) (“Antibe” or the “Company”), a clinical stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies for a wide range of inflammatory conditions, today announced that the boards of directors of Antibe and Antibe Holdings Inc. (“Holdings”) have agreed to combine the companies in an amalgamation transaction pursuant to which shareholders of Holdings will receive common shares of the Company in exchange for their shares of Holdings. This agreement follows negotiations originally announced in December 2020.
5-5-21 SRAX, Inc. (NASDAQ: SRAX),
SRAX Will Host the 2021 LD Micro Invitational Via the Sequire Platform on June 8th – 10th
SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, will host the 2021 LD Micro Invitational, a prominent 3-day virtual investor conference, via their Sequire Virtual Events platform on June 8th-10th, 2021.
LD Micro is the host of the most influential conferences in the small-cap world. The Invitational in particular is unique. The event focuses on newcomers and companies on the “cusp” of doing big things. “If right, it’s a glimpse into the future,” said Chris Lahiji, Founder of LD Micro.
Alternative Investments-
All kinds of buys in the hospitality Industry especially restaurant and bar properties
If you want to learn more about how to take advantage of opportunities created by the Covid crisis
Message me on Linkedin and check our our latest commercial listings:
Broderick Realty Commercial Listings
https://www.linkedin.com/in/carldilley/
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| July 15 2021 COMPANY QUOTES, LISTINGS RESEARCH AND NEWS Antibe Therapeutics, Inc (ATBPF) Profile 11/11/2018 News AzuerRx Biopharma, Inc. (AZRX) Profile 7/11/2019 News Can B Corp (CANB) Profile News Cavitation Technologies, Inc. (CVAT) Profile 8/22/2019 News Endurance Exploration Group, Ltd (EXPL) Profile 03-26/19 News Guangdong Land Holdings Limited (124) HK Profile 6/6/2019 News H-Source Holdings, Ltd (HSCHF) Profile 4/9/2019 News Summit Wireless Technologies, Inc. 06/04/19 Social Reality, Inc. (SRAX) Profile 02/05/19 News Apollo Future Mobility Ltd. (HK 0860) Profile 2/23/2020 News |
July 8, 2021
ValuEngine Weekly Report
By: Herb Blank
Mid-Year Forecasts
The ETF reports on ValuEngine for funds that follow market benchmarks provide a side benefit in writing market analyses. They allow me to discuss the implicit forecast for 1-, 3-, 6- and 12-month forecasts our models are making for each benchmark’s ETF portfolio. This is because the ratings and projections combine bottom-up constituent analysis with analyses of the historical price movements of the ETF in different market environments.
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Event Calendar Updates
Not Surprisingly many conference events are cancelled or postponed- but are now getting back in action.
SRAX to Host Brock Pierce, Maja Vujinovic, Saum Noursalehi, and more as Keynote Speakers at the 2021 Sequire Blockchain Conference
Event: 2021 Sequire Blockchain Conference
Date: Thursday, July 15th, 2021
Time: 11:30 am ET – 6:30 pm ET
Register Here: https://blockchain21.mysequire.com/
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