Weekly Update: October 28, 2021
Markets keep on truckin as earnings keep on topping estimates.
The big questions is whether this is a transitory boom caused by backlogs during the pandemic or is this real unfettered economic growth??
GDP rose at a 2.0% annualized rate, missing estimates for the 2.6% pace consensus economists anticipated which isn’t exactly a breakneck pace.
Stock market news live updates: S&P 500, Nasdaq log record closes as more earnings top estimates
Stocks gained Thursday, with equities resuming advances even after a new print on U.S. economic activity came in weaker-than-expected. The Nasdaq Composite and S&P 500 each set record closing highs.
Investors on Thursday digested some key new economic prints, including the first estimate of third-quarter U.S. gross domestic product (GDP) and weekly unemployment claims. The GDP report showed the economy decelerated to expand at the slowest rate in over one year for the July through September quarter, with the Delta variant and supply-side constraints capping economic activity. GDP rose at a 2.0% annualized rate, missing estimates for the 2.6% pace consensus economists anticipated.
But even given this weakness, and some of the other tepid economic data seen as of late, equity investors have remained resilient and pushed stocks to record levels.
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10-26-2021 SRAX (NASDAQ SRAX)
The LD Micro Main Event, Hosted by SRAX, Featured Many Influential Companies – Replays Still Available
LOS ANGELES, October 26, 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, hosted the 2021 LD Micro Main Event, both in-person in Los Angeles and virtually via their Sequire Virtual Events platform, on October 12-14th. Replays from all the companies are still available for viewing.
This event marked the first in-person conference for LD Micro in almost two years and brought physical and virtual elements together to form a truly unique experience.
The conference featured 139 companies, presenting for 25 minutes each. Though 1×1 meetings between investors and executives were only hosted at the physical event, investors all over the world were able to see the virtual presentations from these performing small and microcap companies.
10-28-21 Perpetual Industries Inc. OTC (PRPI)
Perpetual Industries Opens Its New Indiana Facility and Corporate Headquarters
Perpetual Industries announces it has moved into a new corporate facility in Auburn, Indiana.
AUBURN, Ind., Oct. 28, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”) is proud to announce it has moved into a new corporate facility in Auburn, Indiana. This impressive 22,000-square-foot facility, which serves as the Company’s new corporate headquarters, will give Perpetual more space to meet the growing demands of its research and development projects, as well as room to execute a large-scale Bitcoin mining center expansion for its cryptocurrency division.
10-14- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Provides Update on Otenaproxesul and Expanded Drug Pipeline
TORONTO, October 14, 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 an update following a full scientific and strategic review involving external experts and key opinion leaders. The key findings are:
- Lead drug, otenaproxesul, ideally suited for US$13 billion post-operative pain market
- Targets urgent need to reduce opioid prescriptions, with shorter path to market envisaged
- Label expansion strategy potentially includes migraine, dysmenorrhea and dental pain
- Enlarged pipeline addresses significant unmet medical needs, additional IP protection expected
- Chronic pain program investigating alternative treatment regimens
- Strong balance sheet fully funds multiple parallel clinical development programs
“In our comprehensive review, it became apparent that otenaproxesul’s remarkable potency, GI protection and overall safety profile should be leveraged for acute pain use,” commented Dan Legault, Antibe’s CEO.
9-29-2021 SRAX (NASDAQ SRAX)
Bigtoken and BritePool Merge Resulting In Favorable Outcome for SRAX Shareholders
LOS ANGELES, September 29, 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 merger between Force Protection Video Equipment Corp (FPVD), also known as Bigtoken, and Britepool. As a result of the transaction, SRAX’s resulting ownership position will cause the deconsolidation of its subsidiary, BIGtoken, from the date of the close.
Prior to the closing of the transaction which is awaiting regulatory approval, SRAX shall exchange their approximately 150 billion shares into preferred shares with blockers at 4.99% and or 9.99%. This move will allow SRAX to recognize the value of the asset on its balance sheet while no longer requiring the consolidation of BIGtoken’s operating results. This will allow SRAX investors to recognize the true operating performance of the Sequire platform.
9-22-2021 SRAX (NASDAQ SRAX)
LD Micro Announces Unique Set of Safety Protocols for Upcoming Main Event on October 12-14, 2021
LOS ANGELES, September 22, 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 a unique set of safety protocols for the in-person component of the 2021 LD Micro Main Event on October 12th-14th.
This event marks the first in-person conference for LD Micro in almost two years, and brings physical and virtual elements together to form a truly unique experience. LD Micro is pleased to announce that several presenting companies will also be providing their product, know-how, and services to the in-person Main Event, to ensure that everyone is safe and comfortable during the conference.
Can B Corp. to Produce 13,000 Liters of Delta-8 and Other Isomers with Potential $10 Million Revenue
Newly acquired Colorado facilities will process isolate for Can B Products
HICKSVILLE, NY / ACCESSWIRE / September 15, 2021 / Can B Corp. (OTCQB:CANB) (“Can B” or the “Company”), a diversified health and wellness company, announced today plans to fulfill a new hemp processing agreements after securing hemp biomass and winterized crude to create over 13,000 Liters (1 Liter = 1.05 Quarts) of isomers, including Delta-8, with a potential wholesale value exceeding $10 million at today’s market price. The biomass Can-B has secured is harvested hemp that is the core ingredient to make hemp isolate which is the CBD component of Can B’s CBD tinctures, salves, gels, as well as its line of isomers such as Delta-8.
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|October 28, 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
Guangdong Land Holdings Limited (124) HK Profile 6/6/2019 News
Social Reality, Inc. (SRAX) Profile 02/05/19 News
Apollo Future Mobility Ltd. (HK 0860) Profile 2/23/2020 News
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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 at TopGolf in Centennial Colorado.
As with past conferences, Rocky Mountain Microcap Conference VIII will be a single-track, single day, 13 company event. Each presenter will be allotted 25-minutes and we expect the conference to run from approximately 10 am until 5:30 pm followed by drinks, dinner and golf. Lunch will be served as well. Also, like our past two events, this conference we will be both an in-person and a virtual event.
Please contact Dave Lavigne at Trickle Research for more info:
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/
Check the website for updates:
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