Weekly Update: September 15, 2021
Inflationary pressures continue, albeit recent declines in air travel and used cars appear to be transitory, items like food and fuel are still on the rise.
In spite of that stocks are still performing well.
Dow Jones, Nasdaq Rise; Energy Stocks In Buy Zones As Oil Moves Higher
Shares of recent IPO stock TaskUs rebounded from the 21-day exponential moving average. Shares broke out from their most recent consolidation on Aug. 11 and remain nearly 80% extended from the buy point of 35.73. The stock IPO’d on June 11 at $23 a share.
Elsewhere, eBay (EBAY) rose 4.3% as it rebounded off its 50-day line. Volume was nearly two times the normal volume. A rebound off the 10-week line in heavy volume offers investors the chance to buy or add shares up to around the 78 level.
On Wednesday, crude oil rose with West Texas intermediate futures gaining nearly 3%. The price reached above $72.50 a barrel. Meanwhile, the Energy Select Sector SPDR Fund (XLE) rose nearly 3% as well.
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.
8-18-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Announces the Alpha Beta Launch of the AutoGrafic Mobile App
AUBURN, Ind. , Sept. 03, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), an incubator for the development of new and innovative energy-efficient technologies and products, is pleased to announce the live alpha beta launch of its mobile app for the AutoGrafic Software division. The highly anticipated launch will be hosted on-site at the Worldwide Auctioneers’ Auburn Collector Car Auction, Sept. 3 and 4, 2021, and at the Kannenberg Collection Auction Sept. 10 and 11 in Auburn, Indiana. Worldwide Auctioneers is a wholly owned subsidiary of Perpetual.
Worldwide Auctioneers’ attendees will be the first to experience a sneak peek of the current version of the interactive mobile app. Various levels of subscription plans will soon become available for car enthusiasts to access functionality on a per-feature basis using their mobile phones or web browsers.
8-25-21 Blue Water Ventures International, Inc. (OTCPK: BWVI) and joint venture partners Endurance Exploration Group (OTCPK: EXPL)
Companies Share Update on the Current 2021 Recovery Season of Steamboat Pulaski
Jacksonville, FL, Aug. 25, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Blue Water Ventures International, Inc. (OTCPK: BWVI) and joint venture partners Endurance Exploration Group (OTCPK: EXPL) and Swordfish Partners are excited to share a summer update on the recovery efforts on the SB Pulaski site off the coast of North Carolina. We have continued following the debris line discovered from the side scan sonar work completed in early June. These efforts have produced over 100 silver coins with various dates and nationalities and 32 gold coins. All of the gold coins recovered to date are US minted $5 and Quarter Dollar coins struck in the early 1830s. All coins are currently with Numismatic Guarantee Corp undergoing conservation, grading and valuation.
Blue Water recovery team will continue to work the new areas of the Pulaski site as weather permits. Keith Webb, Blue Water President and CEO, comments, “This is best start to a season we have had in a while. I am very proud of the guys pulling together and getting the job done on the Pulaski Project. It is very rewarding to see our planning come together and pay off so far this season.”
8-25-21 Can B Corp. (OTCQB: CANB)
Can B Corp. Secures Lease for 300,000 Square Foot Facility in McMinnville, Tennessee
HICKSVILLE, NY / ACCESSWIRE / August 25, 2021 / Can B Corp. (OTCQB:CANB) (‘Can B’ or the ‘Company’), a diversified health and wellness company specializing in the development, production, and sale of products containing hemp-derived cannabinoids, is pleased to announce it has acquired a lease for a 300,000 square foot facility to support the operations of its recently closed acquisition of assets from Music City Botanicals, in McMinnville, Tennessee. Can B has also acquired the right of first refusal and an option to outright purchase the facility during the term of the lease.
The facility is located halfway between Nashville and Chattanooga in central Tennessee, approximately 75 miles from each city, and a former Data Center for Litewire Data Company and police headquarters for the county of Warren, Tennessee.
8-17-2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics Reports Q1 2022 Interim Financial and Operating Results
TORONTO, August 17, 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 June 30, 2021.
“We made progress across all activities during the quarter,” commented Dan Legault, Antibe’s CEO. “However, subsequent to the quarter, we placed otenaproxesul’s AME study on a required pause because a pre-specified safety threshold was exceeded.
8-18-21 Perpetual Industries, Inc. (OTC: PRPI)
Perpetual Industries Continues Strong Growth in Second Quarter 2021
AUBURN, Ind., Aug. 18, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), an incubator for the development of new and innovative energy-efficient technologies and products, is pleased to announce the highlights of its financial and operating results for the second quarter ended June 30, 2021.
Second Quarter 2021 Highlights for Six Months Ending June 30, 2021:
- Revenues of $2,678,361 recorded.
- Gross profits of $1,102,822 recorded.
- Cash recorded of $1,605,259, an increase of 172% over year ending December 2020.
- Total current assets recorded of $2,404,817, an increase of 272% over year ending December 2020.
- Cash flow increased to approximately $1,605,259, an increase of 505% over a 6-month period ending June 30, 2020.
HICKSVILLE, NY, Aug. 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Can B Corp. (OTCQB: CANB) (“CAN B” or the “Company”), diversified health and wellness company specializing in the development, production, and sale of products containing hemp-derived cannabinoids, is pleased to announce its acquisition of assets, including equipment, inventory, and intellectual property, from Music City Botanicals LLC (“MCB”), based in McMinville, Tennessee. The lab and equipment will be used for isomer (Delta-8- CBD- CBG) operations. The assets have been placed in CANB’s newest wholly-owned subsidiary TN Botanicals, LLC and expects to begin operations immediately.
8-9- 2021 Antibe Therapeutics Inc. OTC ATBF (TSXV:ATE)
Antibe Therapeutics to Present at Canaccord Genuity 41st Annual Growth Conference
TORONTO, August 09, 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, today announced its participation in the Canaccord Genuity 41st Annual Growth Conference being held virtually on August 10 – 12. Dan Legault, Antibe’s CEO, and Dr. Joseph Stauffer, Chief Medical Officer, will deliver the Company’s presentation:
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|September 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
ValuEngine Weekly Report
By: Herb Blank
Seven Simple Rules for Owning ETFs and Exchange-Traded Products
Since the beginning of this month traditionally marks back-to-school time for many, I thought the timing was appropriate for this article on basic investor education with a focus on ETFs and similarly traded instruments. The following seven actions reflect practices, many quite common, I’ve seen executed often that I consider major mistakes. In fact, I strongly advise most investors never to take these actions. Moreover, I personally believe they fall short of best practices for most fiduciaries and advisors. The last two may be especially controversial and do not apply to expert short-term traders or mega-institutions. There is an abbreviated list of the seven actions at the end of this blog if you are limited on time.
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Event Calendar Updates
Not Surprisingly many conference events are cancelled or postponed- but are now getting back in action.
Dawson James small cap growth Conference
Wyndham Grand Hotel-Jupiter Florida
A two-day event with over 30 companies presenting in healthcare, technology and Consumer Services
This is a great event that I have attended for years.
LD Micro Main Event
October 12-14 Los Angeles.
This conference will be held physically again. See details from LD Micro below
It will be capped at 150 companies and 600 people. Just to put things in perspective, we did 294 companies and 1,600+ individuals back in December of 2019.
We will have some safety protocols in place for everyone involved, especially on the food side of things. I just believe it’s time, and can’t wait to host everyone again.
Here are the details:
LD Micro Main Event (XIV)
Date: October 12-14
Location: Luxe Sunset Bel Air
Check the website for updates:
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