$TRCH Announces Closing of Underwritten Public OfferingTorchlight Prices Underwritten Public Offering of Common Stock
today announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock at a price of $1.20 per share. The Company has also granted to the underwriter a 30-day option to acquire an additional 3,000,000 shares to cover overallotments in connection with the offering. Gross proceeds of the offering will be $24 million before the underwriting discount and offering expenses payable by the Company, assuming no exercise of the overallotment option. The offering is expected to close on February 10, 2021, subject to customary closing conditions.
finance.yahoo.com
Torchlight Announces Closing of Underwritten Public Offering of Common Stock for Gross Proceeds of $27.6 Million
today announced the closing of an underwritten public offering of 23,000,000 shares of its common stock at a price of $1.20 per share, which included the full exercise of the underwriter's over-allotment option, for gross proceeds to Torchlight of $27.6 million before deducting the underwriting discount and offering expenses payable by Torchlight.
finance.yahoo.com
Stockmarkets
NEWEGG.COM merger hypeThere does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media-Twitter and Twitter hashtags.
TWITTER:
$LLIT $15-17 then $20+ into NEWEGG.COM merger on bitcoin
$LLIT swing is alive. Proxies have been filed. http://NEWEGG.com!!! Easy $20 into merger, if not more, IMO.
$LLIT Merger Docs out today on NewEgg 1B+ Merger. Very low float, be smart. $20-30
$LLIT will become a bitcoin play as they merge with newegg.
$LLIT Great dip. After the proxy filing this should really start heating up next week. $20+ low end price target for the merger.
18% of the float is short. This could squeeze
$LGHL to set up US$800 million blockchain fundLion Signs Strategic Cooperation Agreement
Today announced it entered into a binding strategic cooperation framework agreement with Mr. Yao Yongjie, a leader in the global blockchain industry and the chairman of the board of directors of a public listed company on the Hong Kong Stock Exchange, Grandshores Technology Group Limited.
According to the agreement, the Company and Mr. Yao will each use their respective capital, platform and resources to jointly set up a fund of not more than US$800 million to jointly promote the development and the industry environment of blockchain technology, and actively promote the product innovation in the digital currency field, allowing clients to participate in the digital currency market more conveniently. The fund will invest, without limitation, in mine construction, mining and its upstream and downstream industries of digital currencies such as Bitcoin and Ethereum.
finance.yahoo.com
$LKCO $5.0 Million Registered Direct PlacementLuokung Announces Partnership Between EMG and Leading Electric Vehicle Manufacturer BAIC BJEV to Jointly Develop Mapping Services for Autonomous Driving
EMG recently worked with BAIC BJEV to provide HD map services in autonomous valet parking ("AVP") for BAIC New Energy vehicles. The two parties will cooperate in depth on L3 (conditional driving automation) to L4 (high driving automation) autonomous driving related projects.
finance.yahoo.com
Luokung Technology Corp. Announces $5.0 Million Registered Direct Placement
today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of $5.0 million of ordinary shares at a price of $0.52 per share. The Company will issue a total of 9,615,387 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 4,807,694 ordinary shares at an exercise price of $0.68 per share, which Warrants will have a term of three years from the date of issuance.
finance.yahoo.com
Bitcoin Dominance vs AltsHello!
Here we have a Bitcoin Dominance chart on 4 hour timeframe.
What we can find from the picture: I have marked some with Red Circles .
There is a bullish divergence on RSI (orange lines) shown on 4hr and also on daily chart. Which tells us that a possibly trend change could be close by.
We did test the 200 Ema (red line) 2 times already but the bears got the hold like we can see from the price action.
We have seen a crazy bull market (new money flowing in) with alts, Btc and stocks. I am getting little worried because of this. Everywhere you look there is something going 20% to 100% even in US small caps. Peoples speculation is at dotcom levels.
I would suggest to slowly plan your future and possible exits if you see them fit, and look past all of the euphoria what is happening all around us. This is of course to you to decide.
Right now we are on this trend line on the price and the RSI . I do think that we might need to go get some more speed again from the bigger weekly trend line which is little lower, around 60%. (Previous weekly analysis)
We did already see a new Ath from Bitcoin yesteday but there clearly wasn't enough bulls. Otherwise we would have went to 50k.
I still think alts has little more to go based on the previous assumption and also which one would you buy with 1000 bucks. 0,02 Btc (possible 20%) or 1000 to 10k pieces of shit coin? ( possible 40% to 100% RIGHT NOW).
Point is Bitcoin is expensive and people see now only fast gains, free money everywhere.
What I have understoond is that US economy is not really doing well right now and at the same time Stock markets are booming. They don't go 1 to 1 so be careful
If you do trades use stop loss.
Otherwise you will get your ass burned!
-Jebu
$OLB Announces Plan to Offer Cryptocurrency Payment OptionsOLB Group Announces Plan to Offer Cryptocurrency Payment Options via Blockchain Technology on its OMNICOMMERCE Platform and SecurePay TM Gateway
OLB’s SecurePay TM Payment Gateway to Enable Merchants to Seamlessly Offer Cryptocurrency Payments
$OLB upgraded its SecurePay payment gateway system to support Cryptocurrencies including Bitcoin, Ethereum, USDC and DAI across all merchant platforms.
SercurePay is compatible with mobile, tablet-based and cloud infrastructure and will be integrated into the merchants current payment ecosystem, in order to enable the acceptance of Cryptocurrency payments.
finance.yahoo.com
$GSAT Globalstar’s Band n53 in Qualcomm’s X65 ModemGlobalstar’s Band n53 in Qualcomm’s X65 Modem
Qualcomm to Include Band N53 in New 5G Flagship Modem
The X65 is Qualcomm's flagship 5G modem and adds global 5G band support for n53.
The X65 also offers greater 5G deployment flexibility with increased spectrum aggregation options.
finance.yahoo.com
$AUVI Announces Acquisition of the Airocide Technology PlatformApplied UV Announces Acquisition of the Airocide(R) Technology Platform for Airborne Pathogen Reduction
Developed with NASA as a patented pathogen killing technology
Proprietary photocatalytic oxidation process thoroughly destroys viruses, bacteria, spores, and fungi as well as other carbon-based molecules
Airocide® air disinfection technology compliments and expands the SteriLumen platform, together providing a more comprehensive solution for air and surface
Accelerates the strategy to grow revenues through complimentary acquisitions
Enhances scale in the fast-growing disinfection device market
Akida's revenue for the full calendar year 2020 is estimated to be $4.7 million with EBITDA of approximately $921,000.
Airocide technology is widely accepted and currently used by nationally recognized brands such as Hard Rock Café, the US Army, Stag's Leap vineyards and many more.
finance.yahoo.com
Pricing of $13.6 million Registered Direct Offering Priced ATMSino-Global Shipping America Announces Pricing of Approximately $13.6 million Registered Direct Offering Priced At-The-Market
announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $13.6 million worth of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement priced at-the-market under Nasdaq rules.
Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 1,998,500 shares of the Company's common stock.
In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to approximately 1,998,500 shares of the Company's common stock. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $6.805. The warrants will expire 5.5 years from the date of issuance. The purchase price for one share of common stock and a corresponding warrant will be $6.805.
finance.yahoo.com
Closing of an Upsized $20.7 Million Underwritten Public OfferingInspireMD Announces Pricing of Upsized $18 Million Underwritten Public Offering
$NSPR today announced the pricing of an upsized underwritten public offering of securities for gross proceeds of $18 million (or $20.7 million if the underwriters exercise their option to purchase additional securities) prior to deducting underwriting discounts and estimated offering expenses payable by InspireMD.
The offering is comprised of 29,032,258 Units, priced at a public offering price of $0.62 per Unit, with each Unit consisting of one share of Common Stock and one Series G Warrant to purchase one-half of one share of Common Stock, at an exercise price of $0.682 per share and expiring on the fifth anniversary of the date of issuance.
finance.yahoo.com
InspireMD Announces Closing of an Upsized $20.7 Million Underwritten Public Offering and Full Exercise of Over-Allotment Option
$NSPR today announced the closing of an upsized underwritten public offering of units for gross proceeds of approximately $20.7 million, which includes the full exercise of the underwriter’s over-allotment option to purchase additional shares and warrants, prior to deducting underwriting discounts and commissions and offering expenses payable by InspireMD.
finance.yahoo.com
$JG Partners with Kuaishou to Improve Monetization EfficiencyAurora Mobile $JG Partners with Kuaishou to Improve Monetization Efficiency
$JG today announced that it has entered into a partnership agreement with Kuaishou Technology (01024.HK) (“Kuaishou”), China’s leading short video content community and social platform, to improve advertising monetization efficiency.
By leveraging its powerful artificial intelligence (“AI”) and advanced analysis technologies, Aurora Mobile's advertisement SaaS services will enable Kuaishou to help brands and performance-based advertisers to accurately target potential customers, enhance advertising conversion rate, reduce operational costs, and promote a mutually beneficial relationship between Kuaishou and advertisers on its platform.
The short-form video market continues to experience huge growth. Short-form video advertising that features high traffic and conversion rates has become a preferred marketing approach for many brands and performance-based advertisers.
According to the cooperation agreement, Aurora Mobile will benefit from a revenue share agreement based on advertising revenues allocated to Kuaishou if the labels provided by Aurora Mobile are used by advertisers on the platform.
finance.yahoo.com
$MGNI Surges on Its $1.17 Billion Deal for SpotX$MGNI Magnite to Acquire SpotX
Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. SpotX is one of the leading platforms shaping CTV and video advertising globally.
Deal Creates Largest Independent CTV & Video Advertising Platform
Full year 2020 combined company estimated non-GAAP net revenue would have been $350 million on a pro forma basis(1)(2)
Combined company Connected TV (CTV) & video net revenue would have represented approximately 67% of total company preliminary non-GAAP pro forma net revenue(1)(2) in Q4 2020
On a combined basis, the CTV business would have nearly tripled to $42 million in Q4 2020 versus Magnite standalone, or approximately 34% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2)
The non-CTV video business of the combined company would have represented approximately 33% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2)
SpotX total preliminary non-GAAP net revenue(1)(2) for 2020 was $116 million, of which $67 million was CTV
Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021
Magnite’s preliminary results for Q4 2020 include
GAAP Revenue of $82 million, up 69% on an as-reported basis, and up 20% on a pro forma basis from Q4 2019, with CTV revenue of $15.3 million, up 53% on a pro forma basis(1)
Net income of $5.8 million and Adjusted EBITDA(3) of $29.9 million, representing a 36% adjusted EBITDA margin(4)
Together, Magnite and SpotX will serve some of the world’s leading programmers, broadcasters, platforms and device manufacturers, including A+E Networks, Crackle Plus, The CW Network, Discovery, Disney/Hulu, Electronic Arts, Fox Corporation, fuboTV, Microsoft, Newsy, Philo TV, Pluto TV, Roku, Samsung, Sling TV, Tubi, ViacomCBS, Vizio, Vudu, WarnerMedia and Xumo.
finance.yahoo.com
$AREC Announces Filing of SPAC Registration Statement$AREC American Resources Corporation Announces Filing of SPAC Registration Statement
$AREC Company's SPAC is targeting acquisitions in the land holding and resource industry, and will focus on advancing land and resource assets towards a modern-day business model of clean energy, recycling and redevelopment, and social impact.
$AREC today announced that American Acquisition Opportunity Inc., a special purpose acquisition company (the "SPAC" or "AAOI"), in which the Company has an indirect investment, filed a Registration Statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission ("SEC") on February 4, 2021 in connection with a proposed initial public offering of its units.
The proposed public offering is expected to have a base offering size of $100 million, or up to $115 million if the underwriters' over-allotment option is exercised in full.
finance.yahoo.com
Sabra Capital Partners places a $7 target on SupercomSeeking alpha: Sabra Capital Partners places a $7 target on Supercom. Explosive Potential, Limited Downside: We view the base level value of the Company to be $7.00 per share based on a multi-year estimate that revenues will rebound back to $35mm. High conviction.
While none of its coronavirus tracking pilots have materialized into a formal, large scale contract, news is gaining momentum in the Company’s backyard, Israel.
seekingalpha.com
Teradata Soars on Strong Earnings and Demand for CloudTeradata Soars on Strong Earnings and Demand for Cloud
Shares soared Friday after the data-analytics company reported stronger-than-expected fourth-quarter earnings (triple-digit cloud growth), benefiting from corporate demand for enterprise software and cloud services.
Annual recurring revenue (ARR) increased 11% from the prior year period(1)
Public cloud ARR increased to $106 million, a 165% increase from the end of 2019(1)
Fourth-quarter recurring revenue of $383 million versus $350 million, an increase of 9% reported and 8% in constant currency , and exceeded the Company’s guidance of $371 million to $373 million(1)
Fourth-quarter earnings per diluted share (EPS), cash from operations and free cash flow(2) exceeded the Company’s expectations
finance.yahoo.com
Why ATA Creativity Skyrocketed 951% yesterdayWhy ATA Creativity Skyrocketed 951% yesterday
There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.
ATA shares were buoyed — thanks to discussions stock trading groups on Facebook, Discord chat rooms, the r/Daytrading subreddit, Twitter hashtags, and YouTube channels before the market opened.
Many of these posts mentioned the advantages of the high volume and relatively low float (31.74M) of the stock.
ATA Creativity is not on the list of most talked about stocks on r/WallStreetBets, as compiled by Swaggystocks.
23andMe to Merge with Virgin Group's VG Acquisition Corp. SPAC23andMe to Merge with Virgin Group's VG Acquisition Corp. to Become Publicly-Traded Company Set to Revolutionize Personalized Healthcare and Therapeutic Development through Human Genetics.
- 23andMe is a leading consumer genetics and research company that offers a personalized health and wellness experience, and has built a premier genetic database to unlock insights leading to the rapid discovery of promising new targets for drug development
- Transaction will provide the capital to fund additional investment in key growth initiatives across 23andMe's consumer health and therapeutics businesses
- The transaction will value the outstanding shares of capital stock of 23andMe at an aggregate enterprise value of approximately $3.5 billion
- 23andMe CEO and Co-Founder Anne Wojcicki and Virgin Group's Sir Richard Branson are each investing $25 million into the $250 million PIPE and are joined by leading institutional investors including Fidelity Management & Research Company LLC, Altimeter Capital, Casdin Capital and Foresite Capital
- The pro forma cash balance of the combined company will exceed $900 million at closing
Completion of the transaction, estimated in the second calendar quarter of 2021.
23andMe is the only consumer genetic testing company with multiple FDA clearances for over-the-counter health and carrier status reports.
23andMe's existing equity holders will roll 100% of their equity into the combined company. Assuming no public shareholders of VG Acquisition Corp. exercise their redemption rights, 23andMe will be capitalized with up to $984 million in cash to fund operations and support new and existing growth initiatives.
finance.yahoo.com
A Boomer's Guide To WSB's LingoI’m Markus Heitkoetter and I’ve been an active trader for over 20 years.
I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails.
They start trading and realize it doesn’t work this way.
The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. Real money…real trades.
WallStreetBets Lingo
I wanted to do a special episode today that’s for us, the older people. The Boomers, The Gen X, & well, basically everybody above 40.
See, it has been such a crazy week. There has been insane volatility and volume on stocks like GME , AMC , BB , and then recently Silver.
Most of it has been in the hands of the WallStreetBets crowd, and it’s really easy to get overwhelmed with what exactly these folks are saying on the WallStreetBets forum.
I mean, they’re using terms like “tendies,” “YOLO,” and “boomers.” So today I want to help you and me to cut through the noise and define some of the terms that you might be seeing on WallStreetBets if you’ve been going to this forum.
GME & WallStreet Bets Recap
Now, before I do this, let’s take a minute to recap what’s been going on. You see, WallStreetBets is a popular forum on Reddit with millions of followers.
At the time of this writing, they have now about 8.2 million followers. That’s up from around 2 million at the beginning of the week.
They decided to go after hedge funds, especially short-sellers, and chose a few heavily shorted stocks as targets and drove prices up.
Now, ultimately, these short-sellers are the ones who are mocking the small account traders, had to close their positions at a massive, massive loss.
Now the most famous being talked about is (GME) which is GameStop.
Wow! It went from around $40 all the way up to $418, but then the stock went down, mainly because of the extreme limitations that online brokers put on the stock.
Robinhood, for example, was only allowing traders to buy 20 shares of (GME). I mean, come on, that’s a joke.
WallStreetBets Lingo
Now back to why I’m writing this article. You might have been peeking into the WallStreetBets forum to see what’s going on, and you may have been confused by all the terms they’re using.
This is why I want to show you the ten most common terms that you’ll see on this forum, and I’ll explain to you what they mean.
1. STONKS
Now, “stonks” started as a meme a few years back and was used in reaction to what others thought were bad trading stock choices.
Now on WallStreetBets, it is used as a more general term for stocks that they might be trading.
2. NEWBIE
The term “newbie” is an easy one, and it refers to a rookie trader who is new to trading.
3. BOOMER
Now, we are talking again about boomers and a “boomer” is what the WallStreetBets crowd used to describe an older person.
Somebody actually called me a boomer. I thought that being 51 years old made me apart of Gen X, but I guess boomer has become more of a generic term for anyone over 40 or so, at least in the WallStreetBets forums.
4. BAGHOLDER
Now, another popular term being thrown around is “bagholder.” What are bagholders here? Bagholders are traders who have taken a heavy loss in a stock.
In other words, they’re left holding the bag. In the WSB's forum somebody said,
“Glad I found a WSB, I like the stock, and all of you guys and I don’t mind being the bagholder now or in the end.”
This is a person was suffering a pretty massive loss, and this is what would be referred to as a “bagholder.”
5. TENDIES
You may have also seen “tendies” being used quite a bit, and tendies refer to the profits a trader makes off a stock.
Traders like to use that chicken or drumstick emoji when they’re talking about tendies.
There was an awesome individual, on the forum who posted that they were using some of their GME tendies to buy Nintendo switches from GameStop and then donated them to a children’s hospital, which I think is amazing.
6. YOLO
One that you may have already heard is “YOLO,” and it’s an acronym for You Only Live Once.
Someone in the forum said,
“Just YOLO’d 330k dollars to keep this party going to the moon.”
We’ll talk about “to the moon” here in a moment. I’ve also seen it used like,
“Hey, I just wired it, I yolo’d it.”
You only live once, right?
7. DIAMOND HANDS
Number 7 on this list is “Diamond Hands.” When somebody mentions diamond hands, it means that they’re holding their position no matter what.
Even when they are suffering through some massive drawdowns, so the diamond and the hand emojis are also used in reference for diamond hands.
One of the most famous diamond hands on WallStreetBets, is someone who posted a $5,000,000 loss, but overall, he still nicely up.
But, hey, look, that is a big loss. This is where you need diamond hands, right?
8. PAPER HANDS
So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands?
It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it.
So these are the people who are selling GameStop right now. All right.
9. APES
So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands?
It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it.
So these are the people who are selling GameStop right now. All right.
9. APES
So you’ll see things like “apes stay strong” or also sometimes you’ll see “I’m happy that I’m with you degenerates” because this is what they are referring to themselves in this community.
So it basically means that this is a community, and they’re in this together.
10. TO THE MOON
Now, the last one here is “to the moon.” that already mentioned.
So to the moon is their profit target, right?
“Volume is low. Don’t believe the news. GME is going to the moon.”
and this profit target is fairly wide open.
For GME at some point, the target was defined at a thousand.
This is a very, very high-profit target, which seems to be “the moon” they’re referring to, and traders are also using the Rocketship emoji to reference to the moon.
So these are the top 10.
Summary
Me personally, I am staying away from these crazy stocks, or stonks, right?
They’re fun to watch, but I personally prefer SRC profits. So what does this mean?
It means profits that are Systematic, Repeatable, and Consistent.
I know sounds super boring, but you see, it works very well for me.
I’m getting too old for the YOLO mentality, you only live once.
And you see, just yesterday I wired my January profits from my trading account into my checking account. It was a little bit over $21,000.
Boring? Yes, but it pays the bills, right?
Alziehmer play IdeaAlziehmer play with good vol and Feb 9 Catalyst
milestones for Q1/Q2
1. First Patient In (FPI) for Phase III
(Study 301)
2. Top Line results for completed Phase
I/II (Study 201)
3. Commercial Scale Manufacturing
Batch Pre-IND Meeting Request for AD
Why $NAKD Stock crashed Down Sharply from last week?Why $NAKD Stock crashed Down Sharply from last week?
The WallStreetBets short squeeze continued to unravel this week with investors pocketing gains and latecomers hoping for a second bounce.
A number of factors are driving the ongoing sell-off as $NAKDe stock peaked last week.
The first is that many short-sellers closed out their bets as the stocks soared last week, riding a massive short squeeze and gamma squeeze.
Second, savvy traders who rode the stocks up sold it to take profits. Third, fundamentals matter, and stocks will naturally revert to their mean barring any significant change in fundamentals. After all, a stock is a part-ownership in a business, not a lottery ticket.
So the possibility of a short squeeze is diminished, and the "easy money" has come and gone.
Traders who now buy any of these three stocks are banking on another pump-and-dump rally to lift them.
Investors should also be aware that $NAKD stock is still significantly above historical trading level and fundamentals are weak, meaning stock could fall significantly further.
www.fool.com
New Executive Leadership to Drive Bitcoin Mining OperationsSino-Global Announces New Executive Leadership to Drive Bitcoin Mining Operations Expansion
announced today that the newly appointed Chief Operating Officer Mr. Lei Nie and Chief Technology Officer Mr. Xintang You will spearhead the Company's effort to enter Bitcoin mining.
As Sino-Global evaluates its strategy for 2021 and beyond, the planned Bitcoin mining expansion follows a series of steps in preparation.
The plan utilizes leadership team members who specialize in information technology, Blockchain, cryptocurrency mining operations and more. Given the Company's plan to enhance the traditional logistics service platform through leveraging innovative technologies, the Company is excited to explore opportunities created by current market conditions and enter the cryptocurrency sector.
finance.yahoo.com
