story series focoused on top of the range
Music is till down there . Price will go there for a party
and take the keys for downward targets
Offering
ZEST huge upside potentialLast year ZEST Ecoark had a $20 Million Registered Direct Offering Priced at a Premium to Market of 3,478,261 shares of its common stock at a purchase price of $5.75 and the warrants have an exercise price of $5.75 per share.
And the stock was down ever since.
But the upside is still there, if an institutional investor agreed for that premium to market private placement.
For sure they did an extensive due diligence.
Ecoark Holdings, Inc. (ZEST) 52 Week Range $2.00 - 17.00. now $2.70.
But what makes this stock so cool that i consider it a premium signal?
Successful oil well in LA announced
Huge volume last week, 18M shares traded in two days
Deloitte's request to dismiss the lawsuit ZEST vs Deloitte dismissed
11 months post Ecoark vs WMT trial
DEFY IPO filing in which Ecoark`s shareholders will receive 80% of the new company.
Ecoark Holdings engages in oil and gas, financial services, and food freshness management solution businesses in the United States.
Looking forward to read your opinion about it.
TMBR Timber Pharmaceuticals Upside PotentialTMBR Timber Pharmaceuticals had a recent public offering price of $0.64 per share of common stock and accompanying common warrant. The warrants have an exercise price of $0.70 per share.
The price is now 0.47usd
There is a strong upside potential short term!
Price Target 1: $0.85
Price Target 2: $1.37
Stop loss: $0.41
Looking forward to read your opinion about it.
ATNF 180 Life Sciences Private PlacementATNF 180 Life Sciences Corp. received a Private Placement of $15.0 million for 2,500,000 shares of common stock at a combined purchase price of $6.00 per share and accompanying warrant at an exercise price of $7.50 per share and will expire five years from the date of issuance.
I consider this 7.5usd price warrant to be the next price target for ATNF.
Looking to pick up sharesCHPT has been selling off after their offering but still has held its long-term uptrend line. Looking to pick up shares but patiently waiting at the moment for it to find some support. Just some FIB levels to keep an eye on-
- Nearing the oversold range and has been selling off since they announced a public offering
- Broader markets pulling back
- Good long-term entries
Any More Steam Left For XELA?XELA had a great run but is the steam running out? Lower volume day on 7/14 in tandem with the big drop. However, there are a few levels to keep track of. First, the 382 fib line. XELA was denied at this level twice this week with the second time resulting in the breakdown. BUT you've also got the 50 Fib,which has rarely acted as a major support BUT was a significant level of resistance in March and then you've got the 618 fib line, which was a much more consistent resistance level for the stock through the year. Thoughts are that volume could be important to watch as well as certain chart levels. Let's also not forget that these are some of the highest prices and volume that it's seen in some time....why keep that in mind?
"On June 30, 2021, Exela Technologies, Inc., a Delaware corporation (the “Company”), issued a press release announcing the launch of an offering for the sale of shares of the Company’s common stock, par value $0.0001 per share, having an aggregate offering price of up to $150,000,000 (the “Shares”). The Shares will be sold pursuant to the at market issuance sales agreement, dated May 27, 2021 (the “Sales Agreement”), between the Company and B. Riley Securities, Inc. and Cantor Fitzgerald & Co. (each, an “Agent” and, together, the “Agents”). A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K." (app.quotemedia.com)
No further updates on that topic have come up but something to keep in mind if you're watching XELA.
On July 12th, Exela announced that it has expanded its robotic process automation offerings with intelligent document processing. The President of Exela, Suresh Yannamani said, “Exela continues to iterate and advance solutions to meet our customers’ changing needs. The latest IDP and EON combination embraces the evolving work from anywhere environment that customers and their employees are embracing.”
Quote Source: Popular Reddit Penny Stocks to Buy? 4 to Watch As Summer Continues
$CTXR Announces Closing of $76.5M Registered Direct OfferingCitius Pharmaceuticals Announces $76.5 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules.
today announced that it has entered into definitive agreements with certain healthcare-focused and institutional investors for the purchase of an aggregate of 50,830,566 shares of its common stock and accompanying warrants to purchase up to an aggregate of 25,415,283 shares of its common stock, at a purchase price of $1.505 per share and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules.
The warrants have an exercise price of $1.70 per share, will be immediately exercisable, and will expire five years from the issue date.
finance.yahoo.com
Citius Pharmaceuticals Announces Closing of $76.5 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules
finance.yahoo.com
$CBAT Interesting Volume Shelf & 7.83 Offering DevouredWith the offering snapped up, the price remains relatively close... so we'll see if the volume shelf holds up given the new Dynamic. If it does, this thing ready to launch to 10.
Offering at 7.83
Resting on top of a massive volume shelf.
Above 21 D EMA
Today's 100B convertible announcement confirms downtrendPre-Market announcement of US$100M Short-Term Convertible.
Unfortunately, this confirms the assumptions I made in my latest video on my YT channel "DONGXii"
> NIO is cash strapped and not able to close a big financing round.
> 1B funding rumours with GAC will not materialise (for now).
> Strategy is to finance operations through creating cash flow by selling cars, which I find very dangerous considering NIO reported dramatically lower average selling prices (ASP), Q1 is usually the weakest quarter for all automotive OEM in terms of sales, impact of corona virus.
> Issuing bond after bond with goal of securing larger sum at terms accepted by management including CEO Li Bin.
> 🔥 Playing with fire: 100M USD in convertible funding. 200M+ USD burn rate.
My prediction is that NIO will be stuck in downward channel and will only find support in the 3 USD area. If by then a real funding round of around 1B is finally announced and secured, it may break out again opening a bullish reversal.
Otherwise NIO could even break below 3USD.
You can see my video I posted on my DONGXii YT channel to get the detailed reasons on the funding situation. I was all correct to suggest that NIO tries to fund for now by going bond by bond. This is very dangerous and should be recognised by the market!
Meanwhile I stay neutral on the stock.
Galapagos Has Peaked, Nowhere To Go But DownGalapagos announced today a large investment and a 10-year deal with Gilead $GILD. The stock gapped due to Gilead buying 10% of Galapagos at $158/share. However, when stocks gap up on investments at a premium price, they almost always fall (see $MGI, $ARWR)
An analyst at Raymond James agrees, saying he believes $GLPG stock has now fully realized his price target by achieving his core investment thesis.
As terms of the deal, $GILD has promised not to increase their stake in Galapagos for another 10 years, so a buyout is off the table
An Ethereum Startup Just Vanished After People Invested $374K ICO = Coin backed by a promise ( A Debt)
Cryptocurrency = Coin backed by the energy it took to secure it.
A startup on the Ethereum platform vanished from the internet on Sunday after raising $374,000 USD from investors in an Initial Coin Offering (ICO) fundraiser.
Confido is a startup that pitched itself as a blockchain-based app for making payments and tracking shipments. It sold digital tokens to investors over the Ethereum blockchain in an ICO that ran from November 6 to 8. During the token sale, Confido sold people bespoke digital tokens that represent their investment in exchange for ether, Ethereum’s digital currency.
But on Sunday, the company unceremoniously deleted its Twitter account and took down its website.
A consensus algorithm, like bitcoin's proof of work (the one we hear about most often), does two things: it ensures that the next block in a blockchain is the one and only version of the truth, and it keeps powerful adversaries from derailing the system and successfully forking the chain.
In proof of work, miners compete to add the next block (a set of transactions) in the chain by racing to solve a extremely difficult cryptographic puzzle. The first to solve the puzzle, wins the lottery. As a reward for his or her efforts, the miner receives 12.5 newly minted bitcoins – and a small transaction fee.
Common criticisms include that it requires enormous amounts of computational energy, that it does not scale well (transaction confirmation takes about 10-60 minutes) and that the majority of mining is centralized in areas of the world where electricity is cheap.
Bitcoin creator Satoshi Nakamoto woke us up to the potential of the blockchain, but that doesn't mean we can't keep searching for faster, less centralized and more energy-efficient consensus algorithms like CryptoNight in Monero to carry us into the future.
Cryptoeconomics is about using a collection of cryptographic and economic building blocks in order to build systems that have some desirable informational security properties not just printing a token and expecting people to trust that you will deliver value.
