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MMTec [KalaGhazii] A China-based technology company that provides access to the U.S. financial markets, today announced that it will hold its 2023 annual meeting of shareholders (the "2023 Annual Meeting") at its principal executive offices at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong, on November 10, 2023, at 9:00 a.m. local China time (or 8:00 p.m. Eastern Standard Time). The Company's board of directors fixed the close of business on October 10, 2023, as the record date for shareholders entitled to receive notice and to vote at the 2023 Annual Meeting or any adjournment or postponement thereof. Headquartered in Hong Kong Special Administrative Region, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round financial services.
NASDAQ:MTCShort
by KalaGhazii
Sea Star Medical Holding [KalaGhazii] Sea Star Medical Holding Corporation (Nasdaq: ICU), a medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, announces receipt of U.S. Food and Drug Administration (FDA) Breakthrough Device Designation for its patented, first-in-class, cell-directed Selective Cytopheretic Device (SCD) for use with patients in the hospital intensive care unit (ICU) with acute kidney injury (AKI) and acute on chronic liver failure. This is the third Breakthrough Device Designation granted by the FDA to Sea Star Medical for the SCD device, and is expected to expedite the clinical development and regulatory review of the SCD for use in this patient population.
NASDAQ:ICULong
by KalaGhazii
Senstar Technologies Ltd [KalaGhazii]With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance and unify support. For 40 years, Senstar has been safeguarding people, places and property for organizations around the world, with a special focus in utilities, logistics, correction facilities, and energy markets
NASDAQ:SNTShort
by KalaGhazii
Tupperware Brands Corporation TARGET $3.00 [KaliGhazii]Meme stock Tupperware Brands (TUP) is struggling, but it isn’t dead yet. The company has been granted an extension to regain compliance with the NYSE. Shares are up today, but this doesn’t guarantee that its growth will continue. Tupperware Brands Corp (NYSE:TUP) stock is having its best day in months. The company known for producing kitchen storage containers has been struggling lately. The meme stock momentum that pushed it to noteworthy highs in July 2023 has since run out. But TUP stock may have been granted the lifeline it needs to continue trading on the New York Stock Exchange. In June 2023, Tupperware received a non-compliance notice from the NYSE, which cited its inability to trade above $1 per share for 30 consecutive days. The company filed for an extension to regain compliance, and this month, they received it. In an 8-K filing dated Oct. 3, Tupperware reported that it had been granted the requested extension.
TLong
by KalaGhazii
Mobilicom Limited MOB [KalaGhazii]Mobilicom (MOB) stock is climbing alongside heavy trading. That’s despite a lack of news from the company. This rally could be due to MOB being a penny stock. With its penny stock status, MOB is open to extra volatility compared to non-penny stocks. That’s due to how easily retail and day traders can target these stocks for pump and dumps. It could be that’s why the company’s shares are rising today. That also means there’s a danger that a drop will follow today’s rally.
NASDAQ:MOBShort
by KalaGhazii
SMX (Security Matters)SMX integrates chemistry, physics, and computer science to give materials memory and create a culture of transparency and trust across multiple industries. The company's nearly 100 patents support unique marking, measuring, and tracking technologies allowing clients to seamlessly deploy transparency at all levels of development and provide all stakeholders with a complete provenance of material composition and history, from virgin material to recycled, to address manufacturing challenges and ESG goals while maintaining sustainable growth. As a result, SMX's technologies help companies address ESG commitments and transition more successfully to a low-carbon economy.
NASDAQ:SMXShort
by KalaGhazii
SuperCom (SPCB) [KalaGhazii]SuperCom (SPCB) stock is rising Tuesday without any clear news. However, shares are seeing heavy trading this morning. This might be due to SPCB being a penny stock. SuperCom (NASDAQ:SPCB) stock is rocketing higher on Tuesday despite a lack of news from the cyber security company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is up today. On that same note, no analysts are offering new coverage of the shares that would cause today’s rally. However, that doesn’t mean SPCB is moving without reason. Investors will note that the company’s shares are experiencing heavy trading on Tuesday. That has some 15 million shares on the move as of this writing. For comparison, its daily average trading volume is about 408,000 shares. One thing that traders will want to keep in mind is that SPCB is a penny stock. This comes from its low closing price of 36 cents yesterday, as well as its market capitalization of just $2.164 million.
NASDAQ:SPCBShort
by KalaGhazii
CRUDE OIL HEADING TO $100. DONT SELLA growing number of analysts forecast Brent will surpass $100 a barrel this year as demand rises, supply is constrained, and stocks of fuel and crude are relatively low. Retail fuel prices in the U.S. and Europe have risen to multi-month highs as crude prices have rallied. Good morning, Peter Vanham here in Geneva, filling in for Alan. Looking a year out, economists don’t just expect “higher for longer” interest rates; that phrase also applies to oil prices, which are predicted to edge up to around $100 per barrel into next summer. The Biden administration is keen to keep pump prices in check ahead of the presidential election next year, where inflation and fuel costs have already become areas of attack for the Republican party. After dropping below $70 a barrel (bbl) in early summer, the price of West Texas Intermediate (WTI) crude has been steadily marching higher. Last week, the price breached $90/bbl for the first time in a year, and there are no signs that the rise is slowing. Further increases would negatively impact consumers, especially for gasoline and transportation costs. While the Federal Reserve’s rate hikes have helped curb inflation, factors like oil supply dynamics are outside their control. Rising oil prices put the Fed’s attempts to engineer a soft landing for the economy in jeopardy. If Russia and Saudi Arabia want oil prices to rise above $100/bbl — which will hurt President Biden as he heads into an election year — they have the power to make that happen. Given their likely preference for a return of Donald Trump to the White House, I expect them to exercise that power.
TVC:USOILLong
by KalaGhazii
2
CANOPY MADNESS TARGET 1.65 Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today announced that it has ceased funding BioSteel Sports Nutrition Inc. ("BioSteel") and that BioSteel has commenced proceedings under the Companies' Creditors Arrangement Act (the "CCAA") in the Ontario Superior Court of Justice (Commercial List) ("CCAA Court") and will seek recognition of that proceeding under Chapter 15 of the United States Bankruptcy Code to give full force and effect to the orders made in the CCAA proceeding in the United States, including a stay of proceedings. As part of its efforts to simplify its business and reduce cash burn, Canopy Growth previously announced that it was reviewing strategic options for the Company's BioSteel business unit, including a potential sale of the business unit. BioSteel's business was a significant drag on Canopy Growth's profitability and cash flow, representing approximately 60% of the Company's Q1 FY2024 Adjusted EBITDA loss. The decision by BioSteel to seek creditor protection means that Canopy Growth will limit the further funding obligations in respect of the BioSteel business unit, which is consistent with Canopy Growth's transformation to a simplified, asset-light operating model and focus on its core cannabis operations. Canopy Growth's financial position is expected to be further strengthened through the immediate removal of the cash expenditures associated with funding the BioSteel business unit and the potential cash proceeds from the orderly sale of BioSteel's assets. Further, the Company anticipates the removal of the previously identified material weakness related to the BioSteel business segment upon disposition. In addition, with BioSteel's operating loss and cash burn eliminated, Canopy Growth reiterates its expectation to achieve positive Adjusted EBITDA across its remaining business units exiting FY2024.
NASDAQ:CGCLong
by KalaGhazii