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$DYNT Announces Extension of Key Distribution AgreementDynatronics Corporation Announces Extension of Key Distribution Agreement Bird & Cronin Renews Group Purchasing Agreement with Intalere for Orthopedic Soft Goods and Bracing Dynatronics announced today that its wholly-owned subsidiary, Bird & Cronin, LLC, renewed its purchasing agreement with Intalere, one of the leading national group purchasing organizations in the healthcare industry. The new agreement which extends the partnership through January 2024. Intalere members will receive negotiated pricing on our full line of orthopedic bracing solutions for spine, upper and lower extremities including key products such as the Sprint® air walker boot and U2TM wrist brace. With more than 100,000 members from healthcare organizations all over the country, Intalere members make nearly $9 billion in purchases annually. finance.yahoo.com
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by AlenCiken
Which direction we will go?Hi, there is an update to the current situation of inverted SP500 graph We are currently in a kind of wedge which can go in both directions. Imho March will be definitely "deciding month" in which direction the stock market will go. Therefore, it is appropriate to consider risks - to be in the market or not to be in the market and with what % of an amount of capital, eventually consider to protect yourself by some short positions or options. Scenarios: 1) Currently I would expect to move from the current 3900 points to about 3800 points (cca 3% correction) is the minimum healthy correction we should make. 2) Deeper correction, which would mean wedge to be broken. It may occur in parallel due to some bad news (for example higher inflation - helicopter money, battle usa-china, some covid bullshit etc ..) This would mean a correction at least about 10% to 3600-3500 points there are a long-term trend, support and strong moving average MA200. 3) Everything will be shiny, wedge will be broken in bullish direction (btw: don't forget that people in the USA will get more money during March, which will quite likely go to the market again - according to JP Morgan research) Final word: pay attention until market will decide. Btw: in any case on RSI is bearish momentum and divergence.
OANDA:SPX500USD
by TMEW
Why $DNK stock price surged heavily in november?Why DNK stock price surged heavily in november? What triggered the stock price surge is a report by Chinese media outlet Thepaper.cn saying that 5I5J Holding Group (owner of Danke’s rival Xiangyu) is in takeover to buy Danke. There have been reports that Danke was pursuing bankruptcy, but the company denied those reports on its Weibo account earlier then, according to South China Morning Post. One of the reasons why there is speculation about Danke filing for bankruptcy is due to upfront payments being collected from Danke tenants, but there was a failure to pay the landlords. This is why tenants and landlords protested at Danke offices later. pulse2.com
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by AlenCiken
Why $BRN skyrocketed in January?Barnwell Industries Reaches Agreement With MRMP Stockholders to End Potential Proxy Contest $BRN is pleased to announce today that it has entered into a cooperation and support agreement with MRMP Stockholders, with respect to the potential proxy contest pertaining to the election of directors to our Board of Directors (the “Board”). the Company will nominate its current slate of directors, which includes three of the MRMP nominees and two new independent directors elected in 2020, to stand for reelection to the Board at the upcoming 2021 annual meeting of stockholders. The MRMP Stockholders have agreed to vote their shares of common stock of the Company in favor of the election of the designated slate, and the MRMP Stockholders have agreed to withdraw their proposed slate of directors. I’m gratified that the Board of Directors will be unchanged from last year and be able to continue its efforts to move the Company forward. The agreement that we have forged with the Company should avoid distraction and unnecessary expense allowing our Board to continue to position Barnwell for long term positive cash generation and further share price appreciation.” finance.yahoo.com
AMEX:BRN
by AlenCiken
BlackSky to List on NYSE via Merger $SFTWBlackSky, a Leading Real-Time Geospatial Intelligence, Imagery and Data Analytics Company, to List on NYSE Through a Merger With Osprey Technology Acquisition Corp. The business combination agreement is expected to provide approximately $450 million of net proceeds to the combined company, assuming no redemptions, to fund expected future growth, including a fully committed $180 million common stock PIPE with participation from leading institutional investors including Tiger Global Management, Mithril Capital (co-founded by Ajay Royan and Peter Thiel), Hedosophia, and Senator Investment Group. Additionally, Osprey’s sponsor and its affiliates are investing over $20 million in the PIPE. Pro forma equity value of the merger is expected to be nearly $1.5 billion at the $10.00 per share PIPE price. BlackSky has established contracts with multiple government agencies in the United States and around the world. BlackSky’s pipeline of opportunities grew by $1.1 billion in the last twelve months and stands at $1.7 billion today. The transaction is expected to close in July 2021. finance.yahoo.com
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by AlenCiken
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Why $ELYS Game Technology soared in 2021Why Elys Game Technology soared in 2021 On november 25. Company Announced Appointment of Senior Gaming Industry Executive Matteo Monteverdi to CEO. Matteo has been leading world-class B2B and B2C teams in the technology and digital industry for over 20 years between Silicon Valley and Boston. He spent the last decade of his career at the intersection of social gaming, digital betting, i-gaming and media working for international organizations in high growth segments. finance.yahoo.com Elys Game Technology Revenue Increases 44% to $9.7 Million for the Third Quarter of 2020 finance.yahoo.com
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by AlenCiken
$TRCH Senior Secured Lender Converts Remaining $1.5 MillionTorchlight Senior Secured Lender Converts Remaining $1.5 Million of Senior Debt announced today that Torchlight's only remaining secured noteholder has converted all $1.5 million of its remaining position into common stock at the conversion price of $1.50 per share, for a total of 1,000,000 shares. This leaves Torchlight with no term debt remaining on its books. The blanket liens on the Orogrande Project and the Hazel Project that were securing the debt will be released in full. finance.yahoo.com
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by AlenCiken
$LKCO Announces $15.0 Million Registered Direct OfferingLuokung Technology Corp. Announces $15.0 Million Registered Direct Offering today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately $15.0 million of ordinary shares at a price of $0.888 per share. The Company will issue a total of 16,891,892 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 8,445,946 ordinary shares at an exercise price of $1.11 per share, which Warrants will have a term of three years from the date of issuance.
NASDAQ:LKCO
by AlenCiken
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$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 $0.68 per share, which Warrants will have a term of three years from the date of issuance. finance.yahoo.com
NASDAQ:LKCO
by AlenCiken
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$SOS Blockchain PlaySOS Limited (NYSE:SOS) stock is up more than 70% from yesterday with 2 specific catalyst : 1. SOS stock was up in trading on Tuesday, Feb. 9 after receiving 5,000 cryptocurrency mining computers ahead of the scheduled delivery date. This is part of the company’s wider plans in blockchain and cryptocurrency, part of which includes capturing “the rising cryptocurrency price. 2. The company also announced on Tuesday the exercise of nearly 24 million American Depository Shares (ADSs) for gross proceeds of approximately $48 million. The company said proceeds from that offering would go to developing the cryptocurrency segment of the business, plus working capital and general corporate use. These SOS-specific catalysts come against a background of increased investing interest in cryptocurrencies, both from large-scale institutional players and from individual retail investors. investorplace.com
NYSE:SOS
by AlenCiken
The Great Depression Fractal Part VI - The Final ManiaIf the fractal continues to closely repeat, the Dow Jones could rise to 50k and then drop to 5k, all within the next 5 years! Sounds insane, but people in stocks have seen nothing but gains for the last decades. That's an enormous amount of generational wealth. I like to think of the market as a breathing organism holding its breath for longer and longer. At some point, it runs out of oxygen and needs to exhale. The longer the breath is held, the less healthy the market becomes and many cells become deprived of oxygen. Once it finally exhales, life is pumped back into the cells and it can begin creating new life and sustaining again. This is why I think a big market crash needs to happen in order for smaller businesses and individuals to start regaining a foothold in the economy again. All that pent up energy in the stock market has taken it from elsewhere --- from arts, culture, education....these things are hardly accessible anymore. If someone wants to be an artist, they better come from wealth first because they surely can't afford art school, and they surely can't afford to spend years making art for zero income until they get their big break. You might say sharing art has become easier with the Internet, but with this comes a lot more competition, and many more barriers. It's always been hard to do these things, but right now we're experiencing a crunch where it's A LOT more challenging. Many refuse to accept or see this, though they do feel that there is something inherently wrong, hence why w're getting unrest on both ends of the political spectrum. The fact that people can't agree on why things are this way tells me something else needs to happen. Not even a pandemic could snap people out of it, and this is because it largely affected those without wealth. So ultimately something will need to happen that affects the wealthy, and something that unites people under a more coherent narrative. if not, I'm quite afraid for what our society will look like in the next 20 years. Probably something out of a dystopian sci-fi novel. I mean, it's already looking that way. Here is my original post about the "great depression fractal" from 2018: It's a bit outdated, and I've learned a lot since then. But this is an idea I've been thinking about for quite some time, as you can see. My other follow-up posts are linked at the bottom. Everyone with wealth is running away from the dollar. But people also have extraordinary amounts of debt. Eventually the demand for cash returns as people realize they need to pay back their debts, and that goes for governments and institutions as well. I think trimming some risk from assets at this point isn't a terrible idea. I finally did this with some of my crypto, as I mentioned in my last Bitcoin analysis, where I successfully called the recent top. I think the next generation of wealth will be made in the aftermath of the next great depression, NOT right now. This is only my opinion. Maybe I'll be wrong. Maybe I'm really just living in my own world. In any case, it's very interesting how history rhymes; we got decades of wars and technological innovation, followed by a pandemic, and now a roaring 20's for the stock market. A hundred years ago, we got decades of industrial growth, the first world war, a pandemic, and then a booming period of heavy borrowing and spending on credit. Now to the technicals Zoomed in, you can see a bearish divergence on the monthly chart, and also how high I think the Dow can go before the crash: I think upside will be somewhat limited by that long term rising trendline overhead (red). From there, it can drop back down to retest the broadening formation (orange), and if that falls, it should confirm our Great Depression II, meaning potentially an 80-90% drop for the entire market. And of course, it could always drop before it even gets towards the $50k target. The bearish divergence on the monthly chart for SPX is still there! This divergence is what allowed me to call the market crash prior to the COVID panic, even before COVID really had started to scare investors. But the questions remain: What causes people to realize it's time to pull out? And why can't the dollar just continue its decline to zero? After all, currencies do tend to be replaced...eventually. Interestingly, we are in an economic crisis rivaling the Great Depression, as a result of COVID-19, but asset prices aren't reflecting the real economy. Why? It has a lot to do with currency, as mentioned above. The amount of money printing has been absolutely insane. With this much printing, you'd think that the dollar's valuation would be at zero already. But observe this chart: This is the S&P 500 versus the M2 money supply. What you can see here is that it's currently trending sideways, meaning that the stock market is actually not gaining in real value, and that actual growth has completely stagnated. The only reason stocks have been rising over the last couple of decades is due to this money printing and currency devaluation. This might change at some point. We do not know if this chart will break up or down, from consolidation. That's the true mystery here, and again why this post is entirely speculative. What would happen if this chart broke to the upside, for instance? It would mean that the market is generating real value. The last innovation bubble was the dotcom boom, and you can clearly see it on this chart. It still hasn't gotten even close to those levels. Right now, this is telling me that dollars will probably be printed again during the next crash. But what if it's not enough? Then this chart would break down, the dollar currency index might skyrocket, but the oversupply of dollars could ultimately lead to massive inflation. I'm also seeing some hidden demand for real dollars, as DXY has broken the long term downtrend and held it as support: I also think we're reaching a point where federal monetary policy will need to swing towards taxing the wealthy more heavily. We have not seen highest nominal tax rates this low since prior to the New Deal. To me, this is a signal that policy will likely shift in another direction. Even something as simple as that can cause a crash. Policy aside, although assets now belong mostly to an elite class, the 99% needs real dollars to pay their expenses. They will do whatever they can to get ahold of more cash, and that brings me to my next section. The Revenge of Retail What causes demand for dollars? Debt needs to be repaid. Limits will be imposed on borrowing, which means consumers will need real cash to enjoy life. The average consumer has spent the last year hardly spending anything on entertainment, travel, dining, and drinking. Once the pandemic ends, people are going to rush to live again. And many will need to borrow in order to make this happen and not miss out. Interest rates will need to go up again. Profit-taking from the stock market combined with the return of asset prices to Earth can cause DXY to break out. This is a possibility, and why I've taken my initial risk out of the crypto market after purchasing at lower levels. I still hold the majority for the long term, but if I see more signs of sustained weakness I might take more profits and increase my cash position. What we see today in the stock market is clearly mania. What's fascinating is that we're seeing retail traders fleece hedge funds, which shows the danger of borrowing and money printing. It also exposes how arbitrary stock valuations have become, and how manipulated they can be. It also proves that the 99% does indeed have power over institutions. Forcing out failing companies by shorting them into the ground while deepening the pockets of cannibalistic tech companies has been the name of the game. But the game stops here (see what I did there?). Nothing goes up forever, especially not like this. I'm concerned about the future, definitely. But I think a crash would offer the next great opportunity. Optimistically, I see a green energy and infrastructure revolution, sustainability, more robust mental healthcare, and flourishing arts as what could rise from the ashes. Or, the status quo will continue without any large market crash, the wealth gap will continue to widen, and society will become incredibly boring. What we're seeing during the pandemic right now, especially in big cities like New York, is an incredibly boring world. Things continuing as they are, I think, would go against human nature. Humans naturally want to create, connect, and support their communities. Are we really leaving these vital elements behind? If not, I think we will see some massive shifts over the next decade in financial markets. I'm just preparing myself psychologically for something ridiculous. I'm having fun exploring possibilities, and I hope you are too. This is not financial advice - this is meant for speculation and entertainment only! -Victor Cobra
TVC:DJIShort
by VictorCobra
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Thermal Kinetic is Awarded Al-Corn Clean Fuels Sanitizer ProjectThermal Kinetics is Awarded Al-Corn Clean Fuels Sanitizer-Grade Ethanol Project $RCMT today provided an update on its recently obtained projects to assist its clients in producing higher grades of ethanol for use in beverage and hygienic applications such as sanitizer-grade ethanol. The recent projects include both USP Grade (US Pharmacopeia) and GNS Grade (Grain Neutral Spirits). As industry scrambles to retool and pivot to assist in the fight against Covid-19, demand for sanitizers has surged dramatically, and the area is expected to see continued growth. Thermal Kinetics, a division of RCM Technologies (USA), Inc., has been contracted by Al-Corn Clean Fuels to expand its existing Fuel Ethanol facility to produce 20,000,000 gallons per year of USP Grade Ethanol to meet the growing need for the sanitizer market. Thermal Kinetics is executing additional projects related to the growing demand for sanitizer-grade ethanol. Thermal Kinetics has been contracted by several other customers during the second and third quarters of 2020 to provide detailed design engineering to expand the production of sanitizer-grade ethanol to their existing client bases in the North American market. The demand for higher grade ethanol has outgrown product availability due to the current Covid-19 pandemic finance.yahoo.com
NASDAQ:RCMT
by AlenCiken
3
$AREC Announces Filing of SPAC Registration Statement$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
NASDAQ:AREC
by AlenCiken
3
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
NASDAQ:SPCB
by AlenCiken
2
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.
NASDAQ:AACG
by AlenCiken