SMM Global – Stock Market Manager Stock Market Manager simplifies distribution and disclosure of press releases, research and corporate news to financial terminals, print, broadcast and trade media, wire services, news agencies, databases, portals and websites.
Weekly Update: June 17, 2021
Black Swan Connection Newsletter Signup
Breaking News
Maybe inflation fears are just that-Fears….
Could be that Lumber is the new leading economic indicator
A couple of months ago lumber went off the charts crazy pushing new home prices up by tens of thousands, but in a dramatic turnaround lumber has cooled big time.
On Monday, the lumber futures contract traded back below $1,000 per thousand board feet for the first time since late March. A level that is still elevated to be sure, but back in line with pandemic-era peaks seen in late summer 2020, and the early winter of 2021.
Yahoo Finance 6-15-21
Through the spring, the surge in lumber prices became the market narrative as it covered every pandemic-related trend: Labor shortages, shipping constraints and housing demand — all in one place.
But now it looks like the latest mini-bubble to hit the market has started to pop, and offers us a preview of what’s to come across the economy.
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
June 16, 2021
- China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas (CNBC)
- EXCLUSIVE China to unveil tough new rules for private tutoring sector-sources (Reuters)
- China, Russia have ‘no choice’ but to strengthen strategic and military ties in face of G7 and Nato, observer says (SCMP)
- US dollar war chests swell in Asia as central banks ‘learn from the past’ (SCMP)
- US ‘working on’ China allowing Boeing 737 MAX to fly again, says Commerce Secretary Gina Raimondo (SCMP)
Read Complete Report for June 16, 2021
Corporate News
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.
4-30-21 Greenridge Global Securities Issues Update
Guangdong Land Holdings, Ltd. [HKSE: 0124]
Maintaining Buy Rating and Lowering Target HK$4.00
Zhongshan GDH City Project Ownership Increased
GDH City And Laurel House Deliveries Boost Q1. GDL reported total Q1 Revenue of HK$1,424.9 million on the higher deliveries from the NW Land of GDH City and Laurel House. The NW Land of GDH City delivered 10,861m2, bringing the total delivered to 33,020m2, or 28.8%. Laurel House deliveries totaled 7,536m2, bringing total m2 delivered to 94.1%. The commercial space, GD?Delin, increased the occupancy rate to 88.1% from 85.4% at the end of 2020. The last 193m2 of Ruyingju was delivered, completing the delivery of its Residential units; 35.8% of the car-parking spaces remain available. Baohuaxuan deliveries were 97m2, taking its delivered total to 97.3%. Gross Margin was 42.8%, slightly above our estimate. The Fair Value Gain of its Investment Properties increased HK$26.5 million, resulting in Net Profit of HK$212.25 million, or HK$12.40 cents per share.
GDL Increases Interest In Zhongshan GDH City Project. On April 28, the Company announced its wholly-owned subsidiary Guangdong Yuehai Land would purchase 88.2128% of the Zhongshan GDH City Project from its 80%-owned subsidiary Guangzhou Panyu for RMB 1,342,656,507. Guangzhou Panyu will hold the remaining 11.7872%, and bring GDL’s cumulative ownership of the Zhongshan Project to 97.64%. The land for the Zhongshan Project was acquired in December and will be developed into a 247,028m2 residential development near the Shenzhen-Zhongshan Bridge. As it is an inter-Company transfer there will be no gain or loss on the transaction, but it will give shareholders a bigger stake in the Project going forward.
4-14-21 Can B Corp. (OTCQB: CANB)
Strong Gross Margin of 84%
Efficiencies and Lower Expenses Lead to a Significant Reduction in Operating Loss
HICKSVILLE, NY / ACCESSWIRE / April 14, 2021 / Can B Corp. (OTCQB:CANB) (“Can B” or the “Company”), a diversified health and wellness company, announced today operating and financial results for the year ended December 31, 2020.
“As it was for many companies, 2020 was a challenging year for us,” commented Marco Alfonsi, Can B’s Chief Executive Officer. “We took the time to right-size our expenses, focus our energy on higher margin revenue opportunities and improve our positioning for future growth and profits.”
4-7-21 Greenridge Global Securities Issues Update
Apollo Future Mobility Group, Ltd.[HKSE: 0860]
Buy Rating-Target HK$ 1.50
Deal Announced With Shanghai Jinqiao To Launch Apollo EV Prototype Later This Year
Shanghai Jinqiao EV Deal Announced. On March 30, AFMG announced it signed an agreement with Shanghai Jinqiao [SS: 600639 / 900911] to develop and manufacture EV sports cars, luxury vehicles and SUVs with the “Apollo” brand name in the Development Zone in Pudong, Shanghai. AFMG intends to create a JV with a local partner and will set up a R&D center, regional headquarters and production lines in the Development Zone. Jinqiao will provide land for the plant and work with the government to secure capital for the project, similar to the deal Tesla [Nasdaq: TSLA] received. Management believes the location is ideally suited from a supply chain standpoint, with numerous auto-related companies in the Development Zone. We believe this arrangement is likely the result of AFMG’s strong showing at CIIE in November. The prototype vehicle, which will be designed by Ideenion and incorporate solid state batteries, 800V SiC dual inverters and 3D printed parts, will launch later this year, with commercial production expected in 2023. Should AFMG find a solid partner, this deal could create unique a domestic China EV brand that showcases the Company’s technology and design expertise. Additionally, it could completely transform AFMG’s financials and create a substantial increase in the Company’s stock price given the valuations of other EV companies.
Legacy Property Sold. On March 30, AFMG announced it agreed to sell its legacy commercial property in Shenyang to an unrelated buyer for HK$200,000,000, which carried a NAV of HK$199,063,000. Legacy asset divestitures have been expected for some time and this marks another step towards exiting old business lines as generating cash to be put into the mobility business.
EV Power Update. On February 25, the Company announced that EV Power accepted an equity investment from a HK-listed telecom company. The size of the investment and the valuation were not disclosed. The investment drops AFMG’s ownership in EV Power from 38.08% to 32.66%. By way of comparison, EV Power and Blink Charging [Nasdaq: BLNK] each have roughly 23,000 charging units. Blink has a market cap of US$1.80 billion, which when placing equal value to the charging units, would make AFMG’s equity position worth roughly HK$4.6 billion, or slightly more than 860’s entire market cap.
Model Update. Despite the magnitude of the announcements, we made few changes to our model. We will hold off on adding any impact on the Apollo EV announcement until a JV partner is announced and there is a better idea of how that will be structured and funded.
4-6-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Acquires the AutoGrafic Software System
AUBURN, Ind., April 06, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”) today announces it has completed its acquisition of the AutoGrafic Software System.
AutoGrafic is a software as a service (SaaS) and social application that utilizes cutting-edge technology to host a myriad of aspects for automotive promotion and preservation. It targets global collector car and automotive enthusiasts who want a unique, multifaceted, interactive automotive experience that is focused on a visual-based social community, collection management, social events, auctions, insurance, research, preservation and historical documentation.
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/
Please subscribe to our newsletter to get ongoing Real Estate and Alternative Investing updates:
Black Swan Connection Newsletter Signup
| June 16, 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 |
June 15, 2021
ValuEngine Weekly Report
By: Herb Blank
Defensive Sector ETFs for Turbulent Times
This week’s featured US equity ETFs, all focused on the US Consumer Staples Sector, are projected to outperform the market going forward. The similarities with last week’s blog end there. These all get a more modest 4 (buy) recommendation. Risk versus safety differentiate the last blog from this one.
My last blog entry profiled ETF opportunities in the Biotech subindustry group. They were all listed as top 5 rated ETFs from ValuEngine, following recent pullbacks. All had been characterized by above-average market volatility and above-average returns during the past 10 years. All had very different construction and maintenance methodologies. This week the chosen ETFs are all from the US Consumer Staples Sector.
Read Complete Report
To subscribe to our bulletins and receive content whenever it is published, subscribe at our blog HERE
Want to learn more about ValuEngine? Our methods? Our history?
Check out our video presentation HERE
SMM Research Partners
Black Swan Research Coverage and Subscription Service
Click Here>>
Event Calendar Updates
Not Surprisingly many conference events are cancelled or postponed- but are now getting back in action.
Event: The LD Micro Invitational
Date: Tuesday, June 8th – Friday, June 10th, 2021
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.
Login Here to listen to recorded presentations: https://ldmicrojune2021.mysequire.com/
Visit our homepage for up to the minute Financial News, Quotes and our Latest Black Swan Connection Newsletter
-SMM Distribution Update-
Distribution (Reach)
SMM Global Twitter Acct (Impressions last 30 days) 520
SMM Global Facebook Page (Reach last-30 days) 6,462
SMM Linkedin Pages (contacts) 1,100
SMM Youtube Channel (followers) 6
SMM Instagram Page * (followers) 11
Direct Email * 249,000
Total 256,460