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
Stockstotrade
LIZHI INC. Issues Letter to ShareholdersLIZHI INC. Issues Letter to Shareholders
Tiya, our audio-based social product, soared to rank among the top 4 social networking apps in the U.S. Within a few months of Tiya’s launch worldwide, it has been ranked among the top 10 social networking apps in about 50 countries worldwide. Currently, Tiya has users in over 200 countries.
We believe that online social networking through audio will become a dominant method of social networking in the future.
we further developed LIZHI’s corporate value, while elevating our talent training initiatives, including forming collaborations with universities to cultivate talents specializing in AI technology.
Moreover, we launched an "Innovation Training Camp" internally to equip our employees with innovative thinking in tandem with scientific methods. We also continued to invest in our management team with a lot of resources and systematic training to enhance management skills.
we launched a new mobile app, LIZHI Podcast (also named LIZHI BOKE in Chinese), in January 2021, to provide our users with a more compelling podcast experience.
3 potential stocks to expand your portfolioThinking about which financial instrument to add to your portfolio is always a challenging task, especially in a market where almost everything is overbought. You may already own these three stocks, but if you don't they have good technicals and fundamentals to get in or to add up. Starting first with the Ferrari. At first, sounds like an exotic stock, but the race-car manufacturer is still on track. And it's not because of the newly born millionaires from the latest rise in the price of Bitcoin ...
Let's take a look at what's under the "hood" of Ferrari. Technically we have a well-formed uptrend and Yesterday that trend was tested at the earnings which were good. Volumes activity was big since the bottom formed after the first lockdown. The candle formation ended with a pinbar . MACD and RSI are still lagging, but the trend holds. Fundamentally the financial look of the company is stable in revenue and EPS aspect. Also, the racing car manufacturer is decided to take on the electric cars market, as well as delivering three new models.
Next is Nio. Already a familiar company and attracting more and more investors. Earnings are on the 9th of March. Revenues and EPS are shaky, but investors are betting on the long-term success of the company. Ford terminated their contract to manufacture electric cars in China, but Nio managed to cement their position in the Asian country. MACD here is lagging, but RSI is moving above 50 and the trend is intact. The price is currently forming a bullish flag on the daily chart and if it is triggered we may head towards the $70 range.
Last, but not least - Raytheon . Technicals are looking better here as RSI is moving from oversold territory and above 50. MACD has a crossing and the histogram is starting to move into positive territory. The uptrend is intact. Earnings passed, although they are a bit disappointing, financials are looking stable for the company. The company recently won a $290 million contract with the U.S. Navy. That will attract more revenue for the company and will keep it busy in the long-term.
Purchase Order for HybridTech Armor© Panels for Aircraft CarrierCPS Technologies Corporation receives Purchase Order for HybridTech Armor© Panels for Aircraft Carrier
CPSH today announced receipt of a purchase order for HybridTech Armor© Panels to be installed as the strike face of advanced ballistic shields to support U.S. Navy CVN class ships.
The purchase order covers panels to equip all crew-served weapons stations on one aircraft carrier.
We have received a $28.7 million IDIQ contract from the Navy to address the aircraft carrier fleet, with an initial delivery order for the first aircraft carrier.”
finance.yahoo.com
Acquires Exclusive Rights to Rare Earth Element InnovationsAmerican Resources Corporation Acquires Exclusive Rights to Purdue University's Rare Earth Element Innovations, Critical for Clean Energy Technologies.
An environmentally safer method of rare earth and other critical material separation and purification using ligand-assisted chromatography for coal, coal byproducts, recycled permanent magnets and Lithium Ion batteries.
Announced that, with the addition of Hasler Ventures LLC, the Company has licensed ligand assisted displacement ("LAD") chromatography patents and knowhow to further expanded its capability in environmentally friendly separation and purification of rare earth elements.
These exclusive patents and technologies, developed at Purdue University, are specific to the processing of separated and pure rare earth metals and critical elements from coal byproducts, recycled permanent magnets and lithium-ion batteries.
Rare earth elements (REEs) include the 15 elements in the lanthanide series plus scandium (Sc) and yttrium (Y). They are essential ingredients for magnets, metal alloys, polishing powders, catalysts, ceramics, and phosphors, which are important for high-technology and clean energy applications. The global REE market is estimated at approximately $4 billion dollars and growing at 8% per year.
finance.yahoo.com
Space launch company Astra to go public via merger with SPAC HOLastra-to-become-the-first-publicly-traded-space-launch-company-on-nasdaq-via-merger-with-holicity
BlackRock-managed funds and accounts lead investment in Astra to launch a new generation of space services to improve life on Earth.
The transaction reflects an implied pro-forma enterprise value for Astra of approximately $2.1 billion. Upon closing, the transaction is expected to provide up to $500 million in cash proceeds, including up to $300 million of cash held in the trust account of Holicity and an upsized $200 million PIPE led by funds and accounts managed by BlackRock.
In December 2020, Astra joined a small, elite group of companies that have made it to space. With over 50 launches in manifest across more than 10 private and public customers, including NASA and DOD, Astra has booked over $150 million of contracted launch revenue. Astra will begin delivering customer payloads this summer and begin monthly launches by the end of this year.
The proposed transaction, which is expected to be completed in the second quarter of 2021.
astra.com
ANVS401 Improves Cognitive and Functional Outcomes in StrokeAnnovis Bio's Lead Candidate ANVS401 Improves Cognitive and Functional Outcomes in Stroke Mice Study
data showing that a combination treatment using the Company's lead candidate ANVS401 and pifithrin after stroke improved mice locomotor activity and cognitive function more so than treatment with just one or the other agent.
While both treatments yielded improvements in locomotor and cognitive function, the combined ANVS401/PFT- treatment proved able to enhance stroke-induced endogenous neurogenesis and improve the functional recovery in stroke animals. The combined treatment also significantly improved cognitive function more than the single treatment with PFT- alone.
finance.yahoo.com
Simufilam Improves Cognition and Behavior in Alzheimer’s DiseaseCassava Sciences’ Simufilam Improves Cognition and Behavior in Alzheimer’s Disease in Interim Analysis of Open-label Study
- Patients’ Cognition Improved 1.6 Points on ADAS-Cog11 -a 10% mean improvement from baseline to month 6.
- Patients’ Behavior Improved 1.3 Points on NPI, a 29% mean improvement from baseline to month 6.
- Improvements Maintained at 6 Months -
- Results Support Advancing Simufilam into Phase 3 Clinical Program
Next Steps:
Cassava Sciences believes today’s data and prior clinical results support advancing simufilam into a Phase 3 clinical program in Alzheimer’s disease. Initiation of a Phase 3 trial remains on schedule for 2nd half 2021.
Cassava Sciences and the U.S. FDA recently concluded a successful end-of-phase 2 (EOP2) meeting for the simufilam drug development program. Details of the EOP2 meeting will be announced Q1 2021 after official FDA meeting minutes are finalized.
finance.yahoo.com
GSM Announces potential financing arrangements being discussedFerroglobe Announces Discussions with Ad Hoc Group of Noteholders and Key Financial Partners
Ferroglobe PLC (the “Company”) entered into confidentiality agreements (the “Confidentiality Agreements”) with certain holders (the “Ad Hoc Group of Noteholders”) of the 9.375% Senior Notes due 2022 (the “Notes”) issued by the Company and Globe Specialty Metals, Inc., to facilitate discussions addressing the maturity of the Notes and the introduction of further capital to the Company.
The key highlights of the potential financing arrangements being discussed between the AHG and the Company are as follows:
A major recapitalization of the business with $100 million of additional liquidity which guarantees sufficient funding to implement the Company’s strategic plan
$60 million of new super senior notes provided by existing Noteholders
$40 million of new equity funding
Significant extension of the Company’s debt maturity profile as a result of a par exchange of the Notes with new senior secured notes with a 5 year tenor
Equity allocation of 3.75% to all supporting holders of the Notes facilitating greater alignment of all stakeholders with management on strategy and long-term value creation
The Company is negotiating with key stakeholders, including its largest shareholder Grupo Villar Mir, S.A.U., the injection of equity that is required to implement the proposed plan and is aiming to enter into a binding agreement with the Ad Hoc Group of Noteholders and equity providers reflecting the outcome of the discussions as soon as possible (although no assurance can be made that the discussions will be successful or that the new funding will be implemented).
The contemplated financings offer Ferroglobe a stronger balance sheet and incremental capital which, in turn, provide a sound foundation for transforming the Company.
the Company has been diligently evaluating various refinancing options to address its senior notes, alongside raising incremental capital.
Collectively we are working towards a comprehensive financing that eliminates near-term refinancing risks, providing greater operational flexibility, and secures cash for the implementation of our plan.
finance.yahoo.com
Reddit Traders Are Taking Aim at Silver stock $LODE$LODE Would also be one of my top picks if we are entering a Silver Bubble over the next month.
You can clearly see that it's a reverse split and has the lowest float for a silver miner that I could find.
This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues, it seems to me that a “silver squeeze” could be imminent. Popular subreddit r/WallStreetBets (WSB) could be hinting to bank on silver stocks, which sent prices of the semi-precious metal sharply higher late last week. In detail, one Reddit poster mentioned that the silver bullion market could also be one of the most manipulated on Earth. The user also encouraged many other retail investors to trigger a short squeeze in silver paper shorts.
Now to be fair, we know that there is a strong demand for the uses of silver. From solar panels to electric cars and electronics, silver has an enormous appeal as a precious metal and industrial asset. Could silver stocks be the next target for Reddit day traders and their crowdsourcing power? If so, we could be seeing another rally that GameStop (NYSE: GME) has enjoyed so far this year.
Whether or not WSB’s obsession with silver is short-lived remains to be seen, but there’s no question that $LODE stock and other top silver stocks are heating up right now. With all that being said, do you have a list of top silver stocks to buy amid silver’s rapid rise?
www.nasdaq.com
Latch to Merge with TSIA SPAC and Become Publicly Listed CompanyLatch, Maker of Full-Building Enterprise SaaS Platform LatchOS, to Merge with Tishman Speyer-Sponsored SPAC and Become Publicly Listed Company
Provides Capital to Accelerate Latch's Expansion and Drive Enhanced Growth; More Than One-in-Ten New Apartments in the U.S. Built with LatchOS in 2019
Latch to Have up to $510 Million in Cash, Including $190 Million in PIPE Investments Anchored by Funds and Accounts Managed by BlackRock, D1 Capital Partners, Durable Capital Partners LP, Fidelity Management & Research Company LLC, Chamath Palihapitiya, The Spruce House Partnership, Wellington Management, ArrowMark Partners, Avenir and Lux Capital
-- Transaction Values Latch at Equity Value of $1.56 Billion Post-Money
The Company has booked over 300,000 units across more than 35 states, with one in ten new multifamily apartments in the United States built with Latch in 2019.
"Latch has successfully created an entire ecosystem around our full building operating system, devices, and partners that enhances the building experience for both owners and residents,"
The Company has generated strong results to date, including $167 million in Booked Revenue1 in 2020, which represents 49 percent growth from 2019; zero customer churn leading to 100 percent Gross Revenue Retention2; and a strong SaaS company Lifetime Value (LTV) to Customer Acquisition Costs (CAC) ratio of 6.8x3.
The transaction, which has been unanimously approved by TSIA's board of directors, is expected to close in the second quarter of 2021.
finance.yahoo.com
Sunlight Financial LLC to List on NYSE Through Merger With SPRQSunlight Financial LLC, a Premier Residential Solar Financing Platform, to List on NYSE Through Merger With Apollo-Affiliated Spartan Acquisition Corp. II
Sunlight and Apollo-Affiliated Spartan Acquisition Corp. II (NYSE: SPRQ) Enter Into Business Combination Agreement
Institutional Investors Led By Chamath Palihapitiya, Coatue, Funds and Accounts Managed by BlackRock, Franklin Templeton and Neuberger Berman Commit to Invest $250 Million at Closing in Common Stock PIPE at $10.00 per Share
Pro Forma Implied Equity Value of the Combined Company is Approximately $1.3 Billion
Sunlight has arranged financing for more than an estimated 100,000 residential solar systems, which will produce over 500 megawatts of solar-generated electricity and avoid more than 10 million metric tons of carbon dioxide emissions.
Leading POS platform through which over $3.5 billion of loans have been originated in the rapidly growing residential solar market
Upon the closing of the transaction, existing Sunlight equityholders are expected to own approximately 50% of the combined company, Spartan stockholders are expected to own approximately 26%, and PIPE participants are expected to own approximately 19%.
The transaction is expected to close in the second quarter of 2021.
finance.yahoo.com
Silver Lake cashes out on AMC for $713 million after Reddit-fuelBuyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price of the shares as traders organizing on social media platforms such as Reddit snapped them up.
The trade puts Silver Lake and its co-investors in the black following a $600 million convertible bond investment that the private equity firm made in AMC in 2018. Such an outcome looked unlikely when AMC, the world's largest movie theater chain, was battling to stave off bankruptcy last summer, a move it avoided thanks to a debt restructuring deal with Silver Lake and its creditors.
Silver Lake was able to convert the bonds into shares thanks to the rally pushing AMC's stock above the bonds' conversion price this week.
AMC stock price surged as traders targeted heavily shorted stocks . Silver Lake sold its stake over several open-market transactions that day, according to regulatory filings.
AMC itself also capitalized on the rally. It raised $304.8 million by selling shares this week. It is considering new moves to raise capital through stock sales, sources told Reuters on Thursday.
SIEB Soars as Reddit Feed Targets Another Short SqueezeBrokerage Firm Siebert Soars as Reddit Feed Targets Another Short Squeeze
SIEB spiked Friday after the brokerage firm became the latest stock to attract the attention of ordinary investors prompted by a Reddit message board called WallStreetBets.
Siebert, which does retail brokerage business through its Muriel Siebert subsidiary, said that it has not released any news on Friday, Dow Jones reported.
WallStreetBets has been trying to collectively push shares of these companies higher in a bid to force hedge funds and other large investors to abandon their short positions -- bets that stock prices will decline -- in those companies.
www.thestreet.com
Reddit army buying heavily shorted REV stockShares of REV were jumping again as a massive short squeeze on consumer stocks continued into its third day.
The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks
There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons.
Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with REV stock.
When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase.
At Revlon, 31% of the stock's float was sold short as of the end of December.
www.fool.com
A massive short squeeze on PETSShares of PETS were jumping again as a massive short squeeze on consumer stocks continued into its third day.
The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks,
There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons.
Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with all three of these stocks. When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase.
Though only about 15% of the float is sold short, traders were aggressive to pump up the stock as daily trading volume rose as high as 358 million shares on Monday, up from around 3 million normally. As of midday today, volume had already topped 200 million.
PetMed Express, an online pet pharmacy, entered the new year with 41% of it stock sold short.
www.fool.com
Why GSX stock soared? Short-sellers are getting squeezed.......The coronavirus is getting worse in China, and it's possible that investors believe that's a good thing for GSX.
GSX is a remote-education company in China, and its business grew substantially in 2020. And if COVID-19 gets worse in that country, it's possible 2021 will be another good year for this business.
According to The Associated Press, new coronavirus cases are causing the Chinese government to lock down two hospitals in Shanghai.
it appears investors might expect GSX Techedu's services will be in greater demand if the pandemic worsens in China.
This is further complicated by short interest in this stock. According to Yahoo! Finance, around half of the stock's float was sold short up until recently. If investors are buying shares over the last few days because of the news coming out of China, it could be causing a short squeeze, as short-sellers are forced to cover their bearish positions.
Over 22% of GSX stock is sold short, giving it a short interest ratio of almost 14 days (anything over seven days is considered a lot). While that indicates short-sellers are getting squeezed, or being forced to cover their positions at ever-higher prices, it's more just a phenomenon flooding the market at the moment.
the company is under fire from many popular short-sellers, who claim GSX Techedu is a fraud.
And the company has indeed admitted that it is under investigation from the Securities and Exchange Commission (SEC). While that investigation is ongoing and it may turn out that everything is above board, this has caused a lot of people to actively bet against this stock.
The company faces the possibility of being delisted from major U.S. exchanges if the SEC finds wrongdoing. Therefore, it's important to approach a GSX Techedu investment fully aware of this risk.
Investors shouldn't be swayed by these price swings, and investors would be smart to sit on the sidelines until GSX Techedu sorts out the battle taking place between short-sellers and those long on its stock.
www.fool.com
Overstock to be limited partner in blockchain fundOverstock Partners with Pelion Venture Partners to Oversee Medici Ventures’ Blockchain Assets
Overstock to be limited partner in blockchain fund
OSTK today announces it will be converting Medici Ventures, Inc., its wholly owned blockchain-focused subsidiary, to a limited partnership (the “Fund”). An entity within Pelion Venture Partners, a third-party venture capital firm with a proven track record of successfully investing in early stage companies, will act as the general partner of the Fund.
Pelion has blockchain and technology expertise with early stage companies and has helped guide many companies to economic success.
Under the arrangement, which will close after obtaining necessary legal and regulatory approvals, Medici Ventures will be converted into a limited partnership.
finance.yahoo.com
CVLB Expects 2020 Revenue up 205% to Record $38.0 MillionConversion Labs Expects 2020 Revenue up 205% to Record $38.0 Million, Subscription ARR up 525% to $26.0 Million
preliminary unaudited results for its fourth quarter and full year ended December 31, 2020.
Revenue for the fourth quarter is expected to total $13.6 million, up 265% from $3.7 million in the fourth quarter of 2019. Revenue for the full year is expected to total $38.0 million, up 205% from $12.5 million in 2019.
We ended the year exceptionally strong, with December revenues hitting a monthly record of $5.1 million, up 321% over December of last year. In fact, December 2020 alone eclipsed the whole of the fourth quarter of 2019.”
ual recurring revenue (ARR) generated by subscriptions reached $26.0 million by the end of the year, up 525% compared to the end of 2019 (see description of ARR, below). ARR increased by more than $3.0 million from November to December—another record-setting monthly gain.
“Given our extensive telehealth platform buildout in 2019, we were prepared when the breakout of the COVID-19 pandemic suddenly accelerated the consumer shift from traditional healthcare to telemedicine,”
expect 2021 to be our biggest year yet.”
finance.yahoo.com
Equity Investment and Strategic Business CooperationBaozun and iClick Announce Equity Investment and Strategic Business Cooperation
As a result of the agreement, Baozun will own 4% of iClick's shares outstanding and control 10% of its voting power.
The companies said they entered into a "strategic cooperation framework agreement" and will collaborate on a closed-loop e-commerce service model, focusing on areas like digital marketing, customer service, and fulfillment. That complements Baozun's core business of providing e-commerce services such as marketing, fulfillment, and IT for multinational companies like Microsoft and Nike. Also key in the deal is that both companies will develop a private domain traffic platform for Tencent, the tech giant and owner of the super-app WeChat.
A short squeeze may have also helped drive the shares higher.
Baozun is subject to a 180-day lock-up period on the above shares subscribed from iClick or purchased from the existing shareholder.
finance.yahoo.com
Pfizer forming a double bottom to continue moving up?Another update on PFE. Price has stalled for some time now around the internal support. We have a divergence with RSI and the price and RSI is starting to move above 50. MACD is making a bullish crossing and the histogram is going positive as well. Volumes are showing buying activity and we have a potential setup for a double bottom. Keep an eye on PFE.
Bank of America in risk of a trend reversalMy bearish view for Bank of America is almost confirmed. All is left is a move below $30.59 zone. RSI and MACD are flashing red and point for a continuation of the selling. Volumes are descending as activity is slowing down resent days.
Since the bad earnings, the bank is under pressure from investors, but still the downtrend is not entirely confirmed. Given the broader market and perpetual stimulus, BAC may have a second chance to continue its uptrend.
PBI jumps on positive pitch from Seeking Alpha contributorPitney Bowes jumps on positive pitch from Seeking Alpha contributor
Pitney Bowes (NYSE:PBI) gains 40% after a Seeking Alpha contributor writes that the stock is "significantly" undervalued vs competitors and a break up or sale of company would unlock value.
Expects PBI's global e-commerce business to be profitable for first time ever when earnings are released on Feb. 2.
Highlights that Legendary investor Bill Miller owns PBI and believes e-commerce segment on a standalone basis is worth $12/share, citing 3Q Miller investor letter.
PBI short interest "nearly" 20% of float
www.reddit.com
