Release – Indonesia Energy Makes NYSE American Section 610(b) Public Announcement

Posted on May 18, 2021 by Admin

Indonesia Energy Makes NYSE American Section 610(b) Public Announcement

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / May 18, 2021 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that, as disclosed in its Annual Report on Form 20-F for the year ended December 31, 2020 (the “Form 20-F”) filed today, May 17, with the Securities and Exchange Commission, IEC’s audited financial statements for the year ended December 31, 2020 included in the Form 20-F contained an audit opinion from its independent registered public accounting firm which included a going concern qualification paragraph.

This announcement is made pursuant to NYSE American Company Guide Section 610(b), which requires separate public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to IEC’s audited financial statements for the year ended December 31, 2020 or to the Form 20-F.

About Indonesia Energy Corporation Limited

Indonesia Energy Corporation Limited (NYSE American:INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (1,000,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2020 filed on May 17, 2021 with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:
Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com

SOURCE: Indonesia Energy Corporation Limited

Release – Stem Holdings dba Driven By Stem Reports Record Gross Revenue of $12.4 Million for CY21 First Quarter Results

Posted on May 18, 2021 by Admin

Stem Holdings d/b/a Driven By Stem Reports Record Gross Revenue of $12.4 Million for CY21 First Quarter Results

BOCA RATON, Fla., May 18, 2021 /PRNewswire/ — Stem Holdings, Inc., d/b/a Driven By Stem (“Stem” or the “Company”), a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States, today reported its financial results for the first calendar quarter ended March 31, 2021.

Highlights for the quarter ended March 31, 2021:

Gross revenue increased to a record $12.4 million from $2.7 million for the three months ended March 31, 2020.
Gross profit increase of 269% to $2.7 million as compared to $0.73 million for the comparable period in the previous year.
Retail gross revenue comps +49.5% vs. 2020, with 2,614 transactions in one day on 4-20, the annual celebration day for cannabis.
Budee™ DaaS revenues increased vs. three months ended March 31, 2020 in California and is poised to launch in Oregon in May, followed by Michigan in September.
Cultivation yields increased 7.8% vs. three months ended March 31, 2020, and our retail footprint for our brands increased by 32%.
Adjusted EBITDA of $1.7 million an increase from ($5.8 million) for the three months ended March 31, 2020 reflects ongoing operational improvements.
Subsequent to the quarter end, the Company closed on a C$10.3 million public offering, previously announced December 14, 2020, led by Canaccord Genuity.

Operational Updates

Budee™ delivery is poised to launch in Oregon in May 2021.
New retail dispensary to open in September 2021 in Michigan.
With retail opening in Michigan, Budee DaaS will launch for expanded state-wide market footprint by Labor Day, its third delivery state.
Launch of Yerba Buena™ brand cannabis flower in California, the first expansion market for the brand.

Management Commentary
“Our record sales and the beginning of the successful integration of Driven Deliveries Inc. (“Driven”) has positioned us for greater growth as we expand the footprint of our retail, delivery, and branded product operations in high-growth markets,” stated Adam Berk, CEO of the Company. “Full integration and streamlined execution and expansion of Driven’s technology will continue over the next six months, to be completed by the end of 2021. We are leveraging our combined strength by simultaneously increasing market share of our own retail operations, as well as our branded products,” he continued. “Our plans for expansion in Michigan both at retail and with Budee delivery by Labor Day, as well as our ongoing efforts in New York, bode well for accretive growth throughout 2021. We are excited about our progress and driving synergies for continued growth in 2022.”

Mr. Berk continued, “We have continued to strengthen our balance sheet and to add strong management talent to our team to ensure that we can manage our ‘Farm-to-Home™‘ strategy in all current and expanded markets. We also continue to improve gross margin and cash conversion as we continue to support our initiatives building shareholder value.”

Financing
On April 23, 2021, the Company closed a C$10.3 million public offering announced in December 2020 (the Offering”), of units of the Company (the “Units”) at a price of $.55 per Unit. Each Unit was comprised of one share of common stock of the Company and one share purchase warrant of the Company (a “Warrant”). Each Warrant is exercisable at an exercise price of C$0.68 until April 23, 2023. The Offering was led by Canaccord Genuity Corp. The offering included a short-form prospectus and an effective S-1.

Expansion of Consumer Packaged Goods Business

The Company’s Yerba Buena™ brand was launched in California, the first of our expansion markets for this top-shelf Oregon brand. It rapidly became the second-highest selling brand on our Budee platform covering 92% of consumers in the state, as well as at our Foothill Health and Wellness dispensary in Shingle Spring, CA.
The Cannavore brand of edibles expanded from its original line of Salted Caramel Chews to new flavors for the holidays including the launching of Irish Cream on St. Patrick’s Day, and experienced gains in our distribution channels for those dispensaries carrying TJ’s Gardens and Yerba Buena flower. The brand will be launching a new line of calorie-free, zero-refined sugar THC-infused gummies later in June which are unique to the market, meeting demand for alternative candies to high-calorie, sugary products. They are gluten-free, vegan, and suitable for diabetics with a low glycemic index and are all natural.

Retail Business Development

Comparable dispensary sales growth for the quarter was 49.5% vs. 2020, reaching a record of 2,614 transactions on 4-20, the annual celebration day for cannabis.
The Company increased its retail footprint for its brands in other dispensaries by 32% as it drives market share in Oregon and Nevada. Additional distribution white space remains to further accelerate growth.
Our Budee delivery business grew in the quarter vs. the three months ended March 31, 2020. This success includes adding over a dozen best-in-class brands in California during the quarter to enthuse consumers and increase on-line activation. This includes Premium Vape from Red, White and Bloom brands (CSE: RWB) (OTC: RWBYF); Caliva Flower, Deli Prerolls, Fund Uncle Prerolls, Yummi Karma, and Rehab by Yummi, and Chill Chocolates from The Parent Co. (NEO: GRAM.U) (OTCQX: GRAMF); Chong’s Cannabis; Dosist Pens, Tablets and Edibles; Kushy Punch Gummies; Loudpack Farms, and as mentioned, the Company’s Yerba Buena™ flower.

The Company continues its plans for accretive new product innovation with a queue of innovative products scheduled for launch throughout 2021.

About Stem Holdings, Inc.
Stem is a leading omnichannel, vertically-integrated cannabis branded products and technology company with state-of-the-art cultivation, processing, extraction, retail, distribution, and delivery-as-a-service (DaaS) operations throughout the United States . Stem’s family of award-winning brands includes TJ’s Gardens™, TravisxJames™, and Yerba Buena™ flower and extracts; Cannavore™ edible confections; Doseology™ a CBD mass-market brand launching in 2021; as well as DaaS brands Budee™ and Ganjarunner™ through the acquisition of Driven Deliveries. Budee™ and Ganjarunner™ e-commerce platforms provide direct-to consumer proprietary logistics and an omnichannel UX (user experience)/CX (customer experience).

Forward-Looking Statements
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to: (i) the implementation of the Company’s business plan; (ii) the expansion of Stem’s brands and products into other markets; (iii) expected improvements to productivity; (iv) the expected launch of new brands and products by Stem; and (v) expected full integration of Driven into the business of Stem.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, insurance, intellectual property and reliable supply chains; and risks related to the Company and its business generally. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Non-GAAP Measures
This news release contains references to certain measures that are not defined under a body of generally accepted accounting principles for publicly accountable entities in the United States, which is commonly referred to as “GAAP” or “U.S. GAAP”. For this purpose, a non-GAAP financial measure is generally defined as one that purports to measure historical or future financial performance, financial position or cash flows but excludes or includes amounts that would not be so adjusted in the most comparable GAAP measure. These non-GAAP measures are not recognized measures under GAAP, do not have a standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement GAAP measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under U.S. GAAP.

The Company uses non-GAAP measures, including adjusted EBITDA to provide investors with supplemental measures of its operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on GAAP measures. The Company believes that investors, securities analysts and other interested parties frequently use non-GAAP measures in the evaluation of issuers. Management also uses non-GAAP measures in order to facilitate operating performance comparisons from period to period and assess the Company’s ability to meet its future debt service, capital expenditure and working capital requirements.

The term “adjusted EBITDA” consists of net (loss) income and excludes interest, taxes, depreciation, amortization, share-based compensation, impairment of assets, acquisition costs, legal settlement costs, restructuring charges, and adjustments for fair value of biological assets, warrant liabilities, and stock appreciation rights. The most directly comparable measure to adjusted EBITDA calculated in accordance with GAAP is net (loss) income.

For further information, please contact:
Media Contact:
Mauria Betts
STEM HOLDINGS, INC.
Mauria@drivenbystem.com 971.319.0303

Investor Contact:
Valter Pinto / Elizabeth Barker
STEM@kcsa.com
212.896.1254 / 212-896-1203

SOURCE Stem Holdings, Inc.

Release – Indonesia Energy Corporation to Host Investor Conference Call to Present Initial Results on its First New Well Drilled at Kruh Block

Posted on May 18, 2021 by Admin

Indonesia Energy Corporation to Host Investor Conference Call to Present Initial Results on its First New Well Drilled at Kruh Block

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / May 18, 2021 / Indonesia Energy Corporation (NYSE American:INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced that it will be hosting an investor conference call on Tuesday, June 8, 2021 in order to provide an update (including initial results) on the drilling and completion of IEC’s first new producing well at Kruh Block, called “Kruh 25”. IEC will provide specific dial-in details for the call in a separate communication.

As previously announced, this first well commenced drilling on Wednesday, April 21 at 9:30 a.m. on Sumatra Island. The well has a target total depth of 3,400 feet. Kruh 25 is one of the 3 new wells being drilled at Kruh Block this year, which are expected to average production of approximately 170 barrels of oil per day over the first year of production. IEC anticipates that each well will cost approximately $1.5 million to drill and complete. Based on the terms of IEC’s contract with the Indonesian government and an assumed oil price of $63.50/barrel, each well is expected to generate $3.33 million in net revenue in its first year, which is more than double the cost to drill each well.

Mr. Frank Ingriselli, IEC’s President, commented “We are excited that our first well at Kruh Block is almost at total depth (expected in the next few days). Our 3 new wells, which we have the cash to drill, have the potential to grow production and cash flow for our company by over 200%. This drilling campaign is targeted to significantly grow our cash flow as we seek to maximize returns on our investments and grow shareholder value.”

About Indonesia Energy Corporation Limited

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results (including, without limitation, the anticipated results of IEC’s 2021 exploration and production activities at Kruh Block and the impact of such activities on IEC’s results of operations) to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2020 filed on May 17, 2021 with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com

SOURCE: Indonesia Energy Corporation Limited

Release – Comtech Telecommunications Corp. Awarded $1.0 Million Follow-on Contract for Ka-band Airborne SSPA BUC

Posted on May 18, 2021 by Admin

Comtech Telecommunications Corp. Awarded $1.0 Million Follow-on Contract for Ka-band Airborne SSPA/BUC

Comtech’s Falcon Products Are a Leader in Performance and Features

MELVILLE, N.Y.–(BUSINESS WIRE)–May 18, 2021–
May 18, 2021—
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communications technologies, announced today that during its third quarter of fiscal 2021, its
Santa Clara, California-based subsidiary,
Comtech Xicom Technology, Inc., was awarded a follow-on order valued at more than
$1.0 million for its Falcon 50Ka Solid-State Power Amplifiers (“SSPAs”) for an In-Flight Connectivity (“IFC”) application. These amplifiers feature a tri-band Block Upconverter (“BUC”) and are packaged in ARINC 791 compliant housings.

“IFC applications using our Falcon Ka-band GaN amplifiers enable travelers to simulate an in-home experience to stay informed, entertained and connected as they travel. In-flight bandwidth requirements keep rising as passengers become accustomed to high bandwidth applications and entertainment wherever they go,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of
Comtech Telecommunications Corp. “Comtech sees significant opportunity in this growing market and offers a portfolio of GaN-based products at Ku-band and Ka-band for IFC applications to keep people connected.”

Comtech Xicom’s Falcon encompasses Ku and Ka frequency bands and offers high linear power with excellent gain flatness and phase noise performance to support the latest waveform technologies and networks. The Ka-band Falcon implements multi-sub-band switching, gain adjustment, gain equalization, power consumption control, and cooperative system calibration support such as OpenBMIP.

Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, manufactures a wide variety of tube-based and solid-state power amplifiers for military and commercial satellite uplink applications. The product range encompasses power levels from 8 W to 3 kW, with frequency coverage in sub-bands within the 2 GHz to 52 GHz spectrum. Amplifiers are available for fixed and ground-based, shipboard and airborne mobile applications. Please visit www.xicomtech.com for more information.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in
Melville, New York. With a passion for customer success,
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such
Securities and Exchange Commission filings.

Product Media Contact:
Eric Schmidt, Vice President, Sales

Comtech Xicom Technology, Inc.
408-391-6534
eric.schmidt@xicomtech.com

Corporate Contact:
Michael D. Porcelain, President and Chief Operating Officer

Comtech Telecommunications Corp.
631-962-7000
info@comtechtel.com

Source:
Comtech Telecommunications Corp.

Release – Allegiant Drilling at Eastside Confirms Significant At-Surface Oxide Gold Mineralization

Posted on May 18, 2021 by Admin

Allegiant Drilling at Eastside Confirms Significant At-Surface Oxide Gold Mineralization

RENO, Nev., May 18, 2021 (GLOBE NEWSWIRE) — Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is very pleased to announce the results of 49 exploration RC drill holes, totalling 5,850 metres, drilled in the Castle Zone around the former producing Boss pit, located within the Eastside gold project. Eastside hosts a current NI 43-101 pit-constrained Inferred resource of 1,094,000 ounces gold equivalent from 57,050,000 tonnes grading 0.60 g/t AuEq*, however, the Eastside resources estimate which was carried-out in 2020, did not include the Castle Zone.

See Eastside property map (Map 1) here:

www.allegiantgold.com/nr/2020-01-27-map.pdf

The shallow at surface mineralization and good gold grade at the Castle Zone are a game-changer for the Eastside project for the following reasons:

Potential significant increase in contained ounces
Potential significant decrease in strip-ratio
Obvious starter-pit for a potential future Eastside mine

All assays have now been received and interpretation is continuing within the greater Castle Zone. Some of the highlights include:

47 holes encountered mineralization within 45m from surface;
Significant intercepts included:
- 5m of 1.85 g/t from Hole ES-196
- 14m of 1.08 g/t from Hole ES-202
- 4.5m of 2.32 g/t from Hole ES-211
- 3.6m of 2.00 g/t from Hole ES-216
- 1.5m of 3.86 g/t from Hole ES-222

The Drilling encountered very shallow gold best described as a blanket-like zone which commences at an approximate depth of between 0-30 meters, and consistently continues for 20-40 meters in thickness. Gold is hosted in Tertiary andesite and rhyolite tuff, associated with quartz stockworks, iron oxides along fractures, argillization, and occasionally massive silicification. The Tertiary volcanic rocks overlie Paleozoic rocks of the Palmetto Formation which were encountered at depth in nearly all the drill holes. Drill intercepts (using a 0.1 g/t cutoff gold) for the 49 holes are shown in an attachment form (Table 1). Most of the holes were angle holes drilled in a variety of directions at 45 degrees. Essentially all of the mineralization in drilling is deemed as “oxide” visually.

Table 1: Boss Drilling Results

https://allegiantgold.com/site/assets/files/2207/castle_area_boss_zone_-_2020_drilling_intercepts.pdf

Map 2: Boss Drilling Map & Hole Locations

https://www.allegiantgold.com/site/assets/files/2209/allegiant_boss_mine_area_january_2021.png

Peter Gianulis, CEO of Allegiant Gold, commented: “We continue to be pleased by the ongoing results and advancement at Eastside. Given the favorable location of the project, superior access to infrastructure, the shallow nature of the mineralization in the Castle Zone, and the potential for a low strip ratio, the results present a major leap forward for the Eastside project. Next steps planned at Castle will include expansion drilling, metallurgy, a resource estimate and a scoping study.”

* The updated resource estimate (“Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada”) was conducted by Mine Development Associates (“MDA”) of Reno, Nevada with an effective date of December 30, 2019. Contained pit-constrained Inferred Resources of 1,094,000 AuEq ounces at 57,050,000 tonnes at 0.60 g/t AuEq (gold-equivalent ounces were calculated by ALLEGIANT using a silver/gold ratio of 80:1). Heap leach extractions are expected to be around 70% and 20% for gold and silver, respectively, using a three- stage crushing procedure. Milling with a fine grind is expected to result in extractions over 90% and around 50% for gold and silver, respectively. Utilizing a 0.15 g/t cut-off for Au, measured gold was 0.54 g/t and silver was 4.3 g/t. In accordance with NI 43-101 the MDA Technical Report dated January 24, 2020 will be filed on SEDAR. This report builds on and supersedes the NI 43-101 reports of Ristorcelli (December 2016) and Ristorcelli (July 2017) titled “Resource Estimate and Technical Report, Eastside Gold-Silver Project, Esmeralda County, Nevada” prepared for Allegiant with an Effective Date of July 25, 2017. A copy of the Eastside Technical Report can be found on SEDAR at www.sedar.com.

QUALIFIED PERSON

Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical content of this press release.

ABOUT ALLEGIANT

Allegiant owns 100% of 10 highly-prospective gold projects in the United States, 7 of which are located in the mining-friendly jurisdiction of Nevada. Four of Allegiant’s projects are farmed-out, providing for cost reductions and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

ON BEHALF OF THE BOARD

Peter Gianulis
CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
ir@allegiantgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which are referred to collectively as “forward-looking statements”. The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Allegiant Gold Ltd.’s (“Allegiant”) exploration plans for its gold exploration properties, the drill program at Allegiant’s Eastside project, the preparation and publication of an updated resource estimate in respect of the Original Zone at the Eastside project, Allegiant’s future exploration and development plans, including anticipated costs and timing thereof; Allegiant’s plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, and working capital requirements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled “Risk Factors” in Allegiant’s Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under Allegiant’s profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Allegiant undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Source: Allegiant Gold Ltd.

Why Stem Cell Stocks in 2021 Make Sense

Posted on May 18, 2021 by Admin


image credit: CDC (Pexels)

The Case for Investing in Regenerative Medicine in 2021

Political change along with updated White House priorities have certainly created a need to review investment portfolios. As the national focus shifts from one area of fulfilling citizens’ wants and needs to another, some industries are getting more attention while others are put on “hiatus.” Weeding out holdings of sectors getting less federal support, and adding those that could benefit from new attention puts the probability for investment success more on your side. We’ve seen this with the rush toward infrastructure stocks and building materials. ESG companies are similarly enjoying their moment in the sun. Digging past the larger headlines, investors can often find opportunities that aren’t well covered by the media, opportunities where the biggest move has not been missed.

Focusing

Last month while investors were focused on earnings season, cryptocurrencies, and interest rates, the administration released an important federal funding update that eases restrictions related to stem cell research. The update also removes a ban put in place two years earlier on important medical research using human fetal tissue. This support opens up an area of stem cell work that may lead to breakthroughs in regenerative medicine, treatments of disease, and understanding issues of aging.

Although the research dollars would be headed to centers of research like the NIH or medical research centers at U.S. colleges and universities, this research is shared. Further, it is not uncommon for centers for research to work with and provide financial support to private companies for important work. So the increased funds available can directly benefit publicly-traded and privately-owned companies in the field of regenerative medicine.

Discovering Companies

Life sciences companies in developing fields of research are usually sharply focused on a few small areas within the field. As an example, Lineage Cell Therapeutics (LCTX) is holding phase 1/2a clinical trials on spinal cord injury treatment, retina therapies, and phase 1 studies of a lung cancer vaccine. Whereas another publicly-traded company working on stem cell treatments has more of a focus on aging, organ maintenance, and tissue repair is Longeveron (LGVN). How does an investor learn how to better understand the value between the different fields of work, the different stages of development, legal and ethical issues, and develop a list of companies to follow? A good way to jumpstart your knowledge base is to hear directly from the companies at a conference or summit.

Each year the Regenerative Medicine Foundation (RMF) holds its World Stem Cell Summit. This June 16^th the summit will be conducted virtually. The event is online and at no cost to registered Channelchek users. This is a perfect opportunity for investors to learn of the various disciplines, sharpen their knowledge of the different stages of medical developments, and perhaps become inspired by one or more of the presenting companies or interviews held with their management.

Take-Away

The year has been full of winning investment sectors and themes. One area less covered has been regenerative medicine and last month’s lifting of federal support barriers.

The businesses researching stem cells to enhance longevity, regenerate life-changing cells and organs, and provide tomorrow’s breakthrough treatments are complex. Investors immersing themselves in education, discussion, and interviews with management will have a strong advantage when developing their watchlist of these companies. The World Stem Cell Summit can serve as the no-cost place online to receive all this.

A link for more information is provided below.

Sources:

https://grants.nih.gov/grants/guide/notice-files/NOT-OD-21-111.html?utm_source=dlvr.it&utm_medium=twitter

https://www.msci.com/our-solutions/esg-investing/esg-indexes

Trading Accounts for Children

Posted on May 18, 2021 by Admin


image credit: Kampus Productions (Pexels)

Stock Trading Accounts as Gifts for Kids

Who among us doesn’t wish someone had given them 500 shares (or more) of AAPL at 25 cents a share in 2000?

As a kid, there were gift-giving occasions where my friends and I received toys (birthdays, holidays), and there were occasions when we received U.S. Savings Bonds. The tradition of giving minors savings bonds for graduation or when they reached 13 has faded. Blame it on the paltry 0.10% interest rate, or blame it on the discontinuance of physical bonds (book-entry only since 2012), because empty envelopes don’t feel like a gift. I blame it on something else. When I received savings bonds from my grandparents or favorite aunt, it was them investing in my future for my benefit. They felt good about what they were giving. Interest rates aside, there are now preferable ways to give a financial gift that can grow to your kids.

Investment Accounts for Kids

While parents have always been able to open custodial brokerage accounts for their children, full control over the assets was always at the parent’s discretion. And, should the parent wish to reclaim the cash, they could. The custodial parent would have to square away with the IRS any tax benefit they received by any returns not having been in their name, but they are free to do so.

This week Fidelity Investments, Inc. said they plan to create accounts for a new generation of investors who will be able to trade stocks even before they are old enough to vote. The announcement by the brokerage firm said it would issue debit cards and offer investing and savings accounts to 13- to 17-year-olds whose parents or guardians also invest with the firm. Unlike previous brokerage custodial accounts, these will let teens buy and sell U.S. stocks, Fidelity mutual funds, and a wide range of ETFs. There will be no account fees or commissions.

The offering is another of Fidelity’s moves to position itself as a lifelong financial adviser to investors starting at the earliest of ages. And, it’s smart marketing. Once an investor learns a trading platform and comes to trust the services of their broker, changing to another broker and learning a new platform is less likely. So they’re working on getting customers before their competition and then growing with, them as they get older they can offer them other products and services.

What’s in it For the Kids?

The advantage for the 13-17-year-old is that many will better understand markets at an earlier age. The sooner they become savvy investors, in theory, the better their performance will be later on.

Parents, relatives, and close friends can gift stocks into the account. This could feel like a true gift towards helping the child’s future, whether that be college, eventually buying a home or retirement. In fact, Fidelity, along with the other large brokerage houses, offer IRA accounts for kids.

If an adult has appreciated stock, they may gift that to a child as well. Most children without income in 2021 will have a 0% capital gains tax rate. The adult may find giving appreciated investments preferable over gifting the same amount of unappreciated cash.

Take-Away

As graduation season approaches, parents and relatives may be opting to give children financial gifts. Hopefully, some of these wind up being the next Apple (AAPL). The givers can take comfort knowing they’re adding to a stronger financial base and market education that will serve the receiver well, hopefully, better than the 0.10% savings bonds.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:


Space as a Lucrative Investment Space	Is Inflation Going to Hurt Stocks


U.S. Government Spending Provides Investment Opportunities	Industries that Could Benefit from the New American Jobs Plan

Sources:

https://windgatewealth.com/3-tax-smart-ways-to-help-your-children/

https://www.fidelity.com/retirement-ira/roth-ira-kids

https://www.wsj.com/articles/fidelitys-pitch-to-americas-teens-no-fee-brokerage-accounts-11621310461?mod=hp_lead_pos4

Stay up to date. Follow us:

Release – PDS Biotechnology Appoints Immuno-Oncology Experts Dr. Olivera Finn and Dr. Mark Frohlich to Scientific Advisory Board

Posted on May 18, 2021 by Admin

PDS Biotechnology Appoints Immuno-Oncology Experts Dr. Olivera Finn and Dr. Mark Frohlich to Scientific Advisory Board

Preeminent translational cancer immunotherapy researcher and renowned clinical/commercial cancer immunotherapy expert join the advisory board

FLORHAM PARK, N.J., May 18, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies and infectious disease vaccines based on the Company’s proprietary Versamune^® T-cell activating technology, today announced the appointment of Dr. Olivera Finn and Dr. Mark Frohlich to its Scientific Advisory Board.

Dr. Olivera Finn is a Distinguished Professor of Immunology at the University of Pittsburgh, School of Medicine. Dr. Finn brings over three decades of expertise in translational research in immunology and oncology, including the discovery of the first tumor-associated protein (antigen) recognized by T-cells, called MUC-1. In 2016, she received the National Cancer Institute’s Outstanding Investigator Award for her pioneering and extensive ground-breaking research in cancer immunotherapy. Previously, Dr. Finn served as the Director of the Cancer Immunology Program at the University of Pittsburgh Cancer Institute and is a Distinguished Fellow of the American Association of Immunologists. Dr. Finn obtained a Ph.D. in Immunology, and subsequently completed her postdoctoral fellowship at Stanford University.

Dr. Mark Frohlich is a renowned medical oncologist and biopharma executive who brings over 20 years of experience in developing immunotherapies for cancer. Dr. Frohlich has extensive clinical drug development and translational research expertise. As the Chief Medical Officer and Executive VP of R&D at Dendreon Corporation, he led the clinical team responsible for the development and approval of Provenge^® for the treatment of advanced prostate cancer. Provenge^® was the first therapeutic cancer vaccine to gain FDA approval. He subsequently served as Executive VP of Portfolio Strategy at Juno Therapeutics. Dr. Frohlich received his Doctor of Medicine degree from Harvard Medical School and completed his internal medicine residency and oncology fellowship at University of California San Francisco.

“We are excited to add Dr. Olivera Finn, Ph.D. and Dr. Mark Frohlich, M.D., two world-renowned immunotherapy experts, to our Scientific Advisory Board,” commented Dr. Lauren V. Wood, M.D., Chief Medical Officer of PDS Biotech. “These appointments further strengthen our translational research expertise in immuno-oncology as we prepare to progress clinical development of PDS0102 and PDS0103 for prostate and MUC-1 associated cancers respectively, and continue to advance our lead cancer immunotherapy PDS0101 through Phase 2 clinical testing. We very much look forward to adding their experience and guidance to our team of accomplished advisors.”

About PDS Biotechnology

PDS Biotech is a clinical-stage immunotherapy company developing a growing pipeline of cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary Versamune^® T-cell activating technology platform. Our Versamune^®-based products overcome the limitations of current immunotherapy by inducing in vivo, large quantities of high-quality, highly potent polyfunctional tumor specific CD4+ helper and CD8+ killer T-cells. PDS Biotech has developed multiple therapies, based on combinations of Versamune^® and disease-specific antigens, designed to train the immune system to better recognize diseased cells and effectively attack and destroy them. Our immuno-oncology product candidates are initially being studied in combination therapy to potentially enhance efficacy without compounding toxicity across a range of cancer types. The company’s lead investigational cancer immunotherapy product PDS0101 is currently in Phase 2 clinical studies in HPV-associated cancers. PDS Biotech is also collaborating with the National Cancer Institute to develop PDS0102 for prostate and breast cancers and to develop PDS0103, a MUC-1 targeting immunotherapy for breast, colon, lung and ovarian cancers. PDS Biotech has developed multiple therapies, based on combinations of Versamune^® and disease-specific antigens, designed to train the immune system to better recognize diseased cells and effectively attack and destroy them. To learn more, please visit www.pdsbiotech.com or follow us on Twitter at @PDSBiotech.

Forward Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning PDS Biotechnology Corporation (the “Company”) and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, management. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” “forecast,” “guidance”, “outlook” and other similar expressions among others. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company’s ability to protect its intellectual property rights; the Company’s anticipated capital requirements, including the Company’s anticipated cash runway and the Company’s current expectations regarding its plans for future equity financings; the Company’s dependence on additional financing to fund its operations and complete the development and commercialization of its product candidates, and the risks that raising such additional capital may restrict the Company’s operations or require the Company to relinquish rights to the Company’s technologies or product candidates; the Company’s limited operating history in the Company’s current line of business, which makes it difficult to evaluate the Company’s prospects, the Company’s business plan or the likelihood of the Company’s successful implementation of such business plan; the timing for the Company or its partners to initiate the planned clinical trials for PDS0101, PDS0203 and other Versamune^® based products; the future success of such trials; the successful implementation of the Company’s research and development programs and collaborations, including any collaboration studies concerning PDS0101, PDS0203 and other Versamune^® based products and the Company’s interpretation of the results and findings of such programs and collaborations and whether such results are sufficient to support the future success of the Company’s product candidates; the success, timing and cost of the Company’s ongoing clinical trials and anticipated clinical trials for the Company’s current product candidates, including statements regarding the timing of initiation, pace of enrollment and completion of the trials (including our ability to fully fund our disclosed clinical trials, which assumes no material changes to our currently projected expenses), futility analyses, presentations at conferences and data reported in an abstract, and receipt of interim results, which are not necessarily indicative of the final results of the Company’s ongoing clinical trials; the acceptance by the market of the Company’s product candidates, if approved; the timing of and the Company’s ability to obtain and maintain U.S. Food and Drug Administration or other regulatory authority approval of, or other action with respect to, the Company’s product candidates; and other factors, including legislative, regulatory, political and economic developments not within the Company’s control, including unforeseen circumstances or other disruptions to normal business operations arising from or related to COVID-19. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Company’s annual and periodic reports filed with the SEC. The forward-looking statements are made only as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Media & Investor Relations Contact:

Deanne Randolph
PDS Biotech
Phone: +1 (908) 517-3613
Email: drandolph@pdsbiotech.com

Rich Cockrell
CG Capital
Phone: +1 (404) 736-3838
Email: rich@cg.capital

Release – Onconova Therapeutics Reports First Quarter 2021 Financial Results And Provides Business Update

Posted on May 18, 2021 by Admin

Onconova Therapeutics Reports First Quarter 2021 Financial Results And Provides Business Update

NEWTOWN, Pa., May 17, 2021 (GLOBE NEWSWIRE) — Onconova Therapeutics, Inc. (NASDAQ: ONTX) (“Onconova”), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced financial results for the three months ended March 31, 2021 and provided a business update.

Highlights for the first quarter of 2021 and subsequent weeks include:

The Phase 1 solid tumor study with ON 123300 in China is ongoing with no dose-limiting toxicities observed in the first two cohorts. Enrollment to the third cohort (120 mg) will now proceed.
The Phase 1 study with ON 123300 in the United States is open for enrollment, and actively screening patients.
The first patient has been dosed in an investigator-initiated Phase 2 study designed to assess the efficacy and safety of rigosertib in patients with recessive dystrophic epidermolysis bullosa (RDEB)-associated locally advanced/metastatic squamous cell carcinoma (SCC).
The investigator-initiated Phase 1/2 study evaluating rigosertib in combination with the checkpoint inhibitor nivolumab in KRAS mutated non-small cell lung cancer has progressed nicely and has reached the maximum dose of oral rigosertib per the current protocol.
The Company strengthened its balance sheet with net proceeds of $35.2 million from two equity offerings; cash and cash equivalents as of March 31, 2021 were $48.0 million. The Company believes it has more than 18 months of cash runway.

Management Commentary

“We are off to a strong start in 2021 and remain focused on advancing our clinical programs, in particular with our lead product candidate ON 123300, a multi-kinase inhibitor that potently targets CDK 4 and 6, which are overexpressed in a number of cancers, including HR+ HER 2- metastatic breast cancer, a potential blockbuster commercial opportunity,” said Steven M. Fruchtman, M.D., President and Chief Executive Officer of Onconova. “We are delighted that our partner in China, HanX Biopharmaceuticals, is expected to begin the third cohort of their Phase 1 study at 120 mg per dose and that ON 123300 appears to be well tolerated with no dose-limiting toxicities observed to date. Notably, the HanX study is dosing patients on days 1 to 21 of 28-day cycles, while the U.S. Phase 1 study will be investigating a continuous daily dosing regimen. Collectively, we expect these complementary studies to generate important safety data that will inform the design of subsequent trials and potentially provide preliminary signals of efficacy in patients with advanced cancer.”

Dr. Fruchtman continued, “Alongside the progress made with our lead product candidate, we have also seen advancements in several investigator-initiated trials evaluating rigosertib. The first patient was recently dosed in a Phase 2 trial evaluating rigosertib monotherapy in advanced squamous cell carcinoma associated with recessive dystrophic epidermolysis bullosa, a disease with a critical unmet medical need. Additionally, the Phase 1/2 study evaluating rigosertib in combination with the checkpoint inhibitor nivolumab in KRAS mutated non-small cell lung cancer continues to progress and has reached the highest dose per the current protocol. We expect to continue leveraging our relationships with leading cancer centers and industry collaborators to advance these trials and commence additional investigator initiated studies in RAS-driven cancers in combination with checkpoint inhibitors. We expect such an approach to facilitate our near- and long-term growth by allowing us to preserve our primary focus and resources on ON 123300 while simultaneously pursuing opportunities to develop rigosertib in high unmet need indications.”

First Quarter Financial Results

Cash and cash equivalents as of March 31, 2021 were $48.0 million, compared with $19.0 million as of December 31, 2020. The Company believes that its cash and cash equivalents will be sufficient to fund ongoing clinical trials and business operations for more than 18 months.

Research and development expenses were $1.9 million for the first quarter of 2021, compared with $3.4 million for the first quarter of 2020. The decrease was primarily related to lower expenses for the oral rigosertib combination program and the completed Phase 3 INSPIRE study in the 2021 period.

General and administrative expenses were $2.2 million for the first quarter of 2021, compared with $1.8 million for the first quarter of 2020. The increase was primarily related to higher special stockholder meeting by proxy expenses and insurance costs in the 2021 period.

Net loss for the first quarter of 2021 was $4.7 million, or $0.02 per share on 219.2 million weighted average shares outstanding, compared with a net loss for the first quarter of 2020 of $5.1 million, or $0.03 per share on 160.3 million weighted average shares outstanding.

Conference Call and Webcast

A live webcast of the conference call will be available in the Investors & Media section of the Company’s website at www.onconova.com. A replay of the webcast will be available on the Onconova website for 90 days following the call.

About Onconova Therapeutics, Inc.
Onconova Therapeutics is a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer. The Company has proprietary targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation.

Onconova’s novel, proprietary multi-kinase inhibitor ON 123300 is planned to begin a dose-escalation and expansion Phase 1 trial in the U.S. in 2Q21, and a dose-escalation and expansion Phase 1 trial is currently underway in China.

Onconova’s product candidate rigosertib is being studied in an investigator-initiated study program, including in a dose-escalation and expansion Phase 1 investigator-initiated study targeting patients with KRAS+ non-small cell lung cancer with oral rigosertib in combination with nivolumab. In addition, Onconova continues to conduct preclinical work investigating rigosertib in COVID-19.

For more information, please visit www.onconova.com.

Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These statements relate to Onconova’s expectations regarding the registered direct offering, its patents and clinical development plans including patient enrollment timelines and indications for its product candidates. Onconova has attempted to identify forward-looking statements by terminology including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately” or other words that convey uncertainty of future events or outcomes. Although Onconova believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including the success and timing of Onconova’s clinical trials and regulatory agency and institutional review board approvals of protocols, Onconova’s ability to continue as a going concern, the need for additional financing, Onconova’s collaborations, market conditions and those discussed under the heading “Risk Factors” in Onconova’s most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements contained in this release speak only as of its date. Onconova undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Company Contact:
Avi Oler
Onconova Therapeutics, Inc.
267-759-3680
ir@onconova.us
https://www.onconova.com/contact/

Investor Contact:
Bruce Mackle
LifeSci Advisors, LLC
(929) 469-3859
bmackle@lifesciadvisors.com

(Tables to follow)


ONCONOVA THERAPEUTICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)

	March 31,			December 31,
	2021			2020
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	48,005		$	19,025
Receivables		38			37
Prepaid expenses and other current assets		607			722
Total current assets		48,650			19,784
Property and equipment, net		49			52
Other non-current assets		150			150
Total assets	$	48,849		$	19,986

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$	3,988		$	4,833
Accrued expenses and other current liabilities		3,112			4,962
Deferred revenue		226			226
Total current liabilities		7,326			10,021
Warrant liability		957			321
Deferred revenue, non-current		3,413			3,469
Total liabilities		11,696			13,811

Stockholders’ equity:
Preferred stock		–			–
Common stock		2,367			1,859
Additional paid in capital		468,059			432,858
Accumulated other comprehensive (loss) income		(2	)		14
Accumulated deficit		(433,271	)		(428,556	)
Total stockholders’ equity		37,153			6,175
Total liabilities and stockholders’ equity	$	48,849		$	19,986


ONCONOVA THERAPEUTICS, INC.
Condensed Consolidated Statements of Operations *(unaudited)*
(in thousands, except share and per share amounts)

	Three months ended March 31,
	2021			2020

Revenue	$	56		$	52
Operating expenses:
General and administrative		2,217			1,807
Research and development		1,937			3,370
Total operating expenses		4,154			5,177
Loss from operations		(4,098	)		(5,125	)

Change in fair value of warrant liability		(636	)		(63	)
Other income, net		19			96
Net loss		(4,715	)		(5,092	)

Net loss per share of common stock, basic and diluted	$	(0.02	)	$	(0.03	)
Basic and diluted weighted average shares outstanding		219,242,077			160,346,087

Allegiant Drilling at Eastside Confirms Significant At-Surface Oxide Gold Mineralization

Posted on May 18, 2021 by Admin

Allegiant Drilling at Eastside Confirms Significant At-Surface Oxide Gold Mineralization

See Eastside property map (Map 1) here:

www.allegiantgold.com/nr/2020-01-27-map.pdf

The shallow at surface mineralization and good gold grade at the Castle Zone are a game-changer for the Eastside project for the following reasons:

Potential significant increase in contained ounces
Potential significant decrease in strip-ratio
Obvious starter-pit for a potential future Eastside mine

All assays have now been received and interpretation is continuing within the greater Castle Zone. Some of the highlights include:

47 holes encountered mineralization within 45m from surface;
Significant intercepts included:
- 5m of 1.85 g/t from Hole ES-196
- 14m of 1.08 g/t from Hole ES-202
- 4.5m of 2.32 g/t from Hole ES-211
- 3.6m of 2.00 g/t from Hole ES-216
- 1.5m of 3.86 g/t from Hole ES-222

Table 1: Boss Drilling Results

https://allegiantgold.com/site/assets/files/2207/castle_area_boss_zone_-_2020_drilling_intercepts.pdf

Map 2: Boss Drilling Map & Hole Locations

https://www.allegiantgold.com/site/assets/files/2209/allegiant_boss_mine_area_january_2021.png

QUALIFIED PERSON

ABOUT ALLEGIANT

ON BEHALF OF THE BOARD

Peter Gianulis
CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
ir@allegiantgold.com

Source: Allegiant Gold Ltd.

Energy Services of America (ESOA) – March Quarter Results Out and Virtual NDR Comments

Posted on May 17, 2021 by Admin

Monday, May 17, 2021

Energy Services of America (ESOA)
March Quarter Results Out and Virtual NDR Comments

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical and automotive industries, and does incidental work such as water and sewer projects. Energy Service’s other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services and other services related to pipeline construction.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Compared to the March 2020 quarter, the March 2021 quarter improved, in part due to the December 2020 acquisition of West Virginia Pipeline (WVP). As typical during the winter, EBITDA was negative at $0.8 million, but it was an improvement over the 2Q2020 EBITDA loss of $1.2 million due to higher revenue and gross profit, which more than offset higher G&A expense. Compared to our estimate, revenue was lower by $0.9 million and costs were slightly lower by $0.5 million so gross profit was $0.4 million lower than expected and EBITDA was $0.7 million lower than expected.

Moving FY2021 EBITDA to $8.0 million from $9.1 million to reflect quarterly results. Our estimate is based on total revenue of $133.6 million and gross profit of $17.3 million. We estimate that gross margin will approximate 12.9% with EBITDA margin of 6.0%. Current backlog of $61.2 million supports our outlook …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

Harte-Hanks Inc. (HRTH) – A Good Start To A Promising Year

Posted on May 17, 2021 by Admin

Monday, May 17, 2021

Harte-Hanks Inc. (HRTH)
A Good Start To A Promising Year

Harte-Hanks is a marketing services company that provides multichannel marketing solutions as well as consulting, data analytics, and strategic assessment. The company’s offerings focus on business-to-business, retail, finance, and automotive segments through digital, social, mobile, and print media offerings. Harte-Hanks strives to develop better customer relationships through its marketing and analytical services for clients. The majority of its revenue is derived from its marketing services in the retail, technology, and consumer brand segments.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Overachieves Q1 expectations. Total company revenues increased 8% to 43.75 million, 6.5% above our $41.10 million estimate. The revenue growth was the first time since 2014! The company’s Customer Care segment accounted for the largest upside variance (+10.4%), but each segment was better than our estimate. Adjusted EBITDA was significantly better than expected, $2.23 million versus our $600,000 estimate.

Draws a line in the sand. Management indicated that it believes that the base revenues for the company is $40 million per quarter. The favorable revenue outlook reflects continued strength in its Customer Care business into the second quarter and improving revenue trends in its Marketing and Fulfillment & Logistics Services segments. We are raising our full year 2021 revenue estimate from $166.4 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

QuickChek – May 17, 2021

Posted on May 17, 2021 by Admin

Broadcast Veteran Grant Stinchfield Joins AM 870 and AM 590

Salem Media announced that veteran Grant Stinchfield joins The Morning Answer on Tuesday, May 18th

Research, News & Market Data on Salem Media

Watch recent presentation from NobleCon17

Golden Predator Mining Corp. Files Notice of Civil Claim Against Christman and Yukon Government

Golden Predator Mining announced that the Company has filed a Notice of Civil Claim in the Supreme Court of British Columbia

Research, News & Market Data on Golden Predator Mining

Watch recent presentation from Golden Predator

ProMIS Neurosciences Announces First Quarter 2021 Results

ProMIS announced its operational and financial results for the three months ended March 31, 2021

Research, News & Market Data on ProMIS Neurosciences

Comtech Telecommunications Awarded $2.0 Million Contract for Ka-band TWTAs

Comtech Xicom Technology was awarded a $2.0 million order for rugged Ka-band high power traveling wave tube amplifiers

Research, News & Market Data on Comtech

Watch recent presentation from NobleCon17

Cocrystal Pharma Reports First Quarter 2021 Financial Results and Provides Business Update

Cocrystal Pharma announced financial results for the three months ended March 31, 2021 and provides updates on its antiviral pipeline and business activities

Research, News & Market Data on Cocrystal Pharma

Watch recent presentation from NobleCon17

PDS Biotech Receives $4.5M After Selling Its Net Operating Loss Tax Benefits Through The New Jersey Economic Development Program

PDS Biotech announced the receipt of $4.5 million from the net sale of tax benefits

Research, News & Market Data on PDS Biotech

Stay up to date. Follow us:

Indonesia Energy Makes NYSE American Section 610(b) Public Announcement

Stem Holdings d/b/a Driven By Stem Reports Record Gross Revenue of $12.4 Million for CY21 First Quarter Results

Indonesia Energy Corporation to Host Investor Conference Call to Present Initial Results on its First New Well Drilled at Kruh Block

Comtech Telecommunications Corp. Awarded $1.0 Million Follow-on Contract for Ka-band Airborne SSPA/BUC

Allegiant Drilling at Eastside Confirms Significant At-Surface Oxide Gold Mineralization

The Case for Investing in Regenerative Medicine in 2021

Stock Trading Accounts as Gifts for Kids

Space as a Lucrative Investment Space

Is Inflation Going to Hurt Stocks

U.S. Government Spending Provides Investment Opportunities

Industries that Could Benefit from the New American Jobs Plan

PDS Biotechnology Appoints Immuno-Oncology Experts Dr. Olivera Finn and Dr. Mark Frohlich to Scientific Advisory Board

Onconova Therapeutics Reports First Quarter 2021 Financial Results And Provides Business Update

Allegiant Drilling at Eastside Confirms Significant At-Surface Oxide Gold Mineralization

Energy Services of America (ESOA)March Quarter Results Out and Virtual NDR Comments

Harte-Hanks Inc. (HRTH)A Good Start To A Promising Year

Broadcast Veteran Grant Stinchfield Joins AM 870 and AM 590

Golden Predator Mining Corp. Files Notice of Civil Claim Against Christman and Yukon Government

ProMIS Neurosciences Announces First Quarter 2021 Results

Comtech Telecommunications Awarded $2.0 Million Contract for Ka-band TWTAs

Cocrystal Pharma Reports First Quarter 2021 Financial Results and Provides Business Update

PDS Biotech Receives $4.5M After Selling Its Net Operating Loss Tax Benefits Through The New Jersey Economic Development Program

Energy Services of America (ESOA)
March Quarter Results Out and Virtual NDR Comments

Harte-Hanks Inc. (HRTH)
A Good Start To A Promising Year