Release – Comtech Welcomes Robert Samuels as Vice President of Investor Relations and Corporate Communications



Comtech Welcomes Robert Samuels as Vice President of Investor Relations and Corporate Communications

Research, News, and Market Data on Comtech Telecommunications

Samuels Takes IR Helm as Comtech Scales into Growing Failsafe
Communications Market Opportunities

MELVILLE, N.Y.
–(BUSINESS WIRE)–Apr. 11, 2022– 
April 11, 2022— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has named investment and financial analysis expert  Robert Samuels as its Vice President of Investor Relations and Corporate Communications. This newly created position will significantly enhance Comtech’s commitment to shareholder engagement and transparency.

Samuels brings over 20 years of 
Wall Street
 experience from working at leading financial institutions, including UBS Global Wealth Management, where he served in the Chief Investment Office, producing company-specific and thematic research, as well as marketing collateral for the firm’s financial advisors and private clients. While at 
UBS, Samuels drove investment performance of tens of billions worth of assets, outperforming the sector benchmark and S&P 500 for five consecutive years.

“As we turn 
Comtech into becoming the most trusted provider of 
Failsafe Communications
, we want to increase engagement around our transformation with the entire financial community,” said  Michael Porcelain , President and CEO of 
Comtech. “Having a seasoned investment professional like Robert on our team strengthens our ability to tell Comtech’s compelling story and elevate our brand. Robert will assist Comtech’s leadership in its ongoing evaluation of potential new segment reporting and non-GAAP financial measures, and the roll out of our new social media initiatives. I am confident that with his expertise and fresh insights, Robert will make a strong contribution to Comtech.”

“I’ve focused my work on industries that impact people in their daily lives,” said  Robert Samuels. “What Comtech does is undeniably critical, as it provides 
Failsafe Communications
 that people, businesses, and governments know they can rely on, no matter where they are – on land, at sea, or in the air – and no matter what’s going on outside – from armed conflict to a natural disaster. I look forward to amplifying that exciting story and helping to convey the strong investment opportunity it represents.”

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview its new website at www.comtech.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.

PCMTL

Investor Relations Robert Samuels 631-962-7102
robert.samuels@comtech.com

Source: 
Comtech Telecommunications Corp.

New Tool Reveals How Immune Cells Find their Targets


Image credit: S. Pincus, E. Fischer, Austin Athman (NIH)


Improved Method to Identify B or T cells that Interact with Viral or Bacterial Proteins

 

Anne Trafton | MIT News Office

The human body has millions of unique B and T cells that roam the body, looking for microbial invaders. These immune cells’ ability to recognize harmful microbes is critical to successfully fighting off infection.

MIT biological engineers have now devised an experimental tool that allows them to precisely pick out interactions between a particular immune cell and its target antigen. The new technique, which uses engineered viruses to present many different antigens to huge populations of immune cells, could allow large-scale screens of such interactions.

“This technique leads the way to understand immunity much closer to how the immune system itself actually works, will help researchers make sense of complex immune recognition in a variety of diseases, and could accelerate the development of more effective vaccines and immunotherapies,” says Michael Birnbaum, an associate professor of biological engineering at MIT, a member of MIT’s Koch Institute for Integrative Cancer Research, and the senior author of the study.

Former MIT graduate student Connor Dobson is the lead author of the paper, which appears in Nature Methods.

A Simple Screen for a Complex System

Both B and T cells play critical roles in launching an immune response. When a T cell encounters its target, it starts proliferating to produce an army of identical cells that can attack infected cells. And B cells that encounter their target begin producing antibodies that help recruit other components of the immune system to clear the infection.

Scientists who study the immune system have several tools to help them identify specific antigen-immune cell interactions. However, these tools generally only allow for the study of a large pool of antigens exposed to one B or T cell, or a large pool of immune cells encountering a small number of antigens.

“In your body, you have millions of unique T cells, and they could recognize billions of possible antigens. All of the tools that have been developed to this point are really designed to look at one side of that diversity at a time,” Birnbaum says.

The MIT team set out to design a new tool that would let them screen huge libraries of both antigens and immune cells at the same time, allowing them to pick out any specific interactions within the vast realm of possibilities.

To create a simple way to screen so many possible interactions, the researchers engineered a specialized form of a lentivirus, a type of virus that scientists often use to deliver genes because it can integrate pieces of DNA into host cells. These viruses have an envelope protein called VSV-G that can bind to receptors on the surface of many types of human cells, including immune cells, and infect them.

For this study, the researchers modified the VSV-G protein so that it cannot infect a cell on its own, instead relying on an antigen of the researchers’ choosing. This modified version of VSV-G can only help the lentivirus get into a cell if the paired antigen binds to a human B or T-cell receptor that recognizes the antigen.

Once the virus enters, it integrates itself into the host cell’s genome. Therefore, by sequencing the genome of all the cells in the sample, the researchers can discover both the antigen expressed by the virus that infected the cell and the sequence of the T or B-cell receptor that allowed it to enter.

“In this way, we can use viral infection itself as a way to match up and then identify antigen-immune cell parings,” Birnbaum says.

Interactions Identified

To demonstrate the accuracy of their technique, the researchers created a pool of viruses with antigens from 100 different viruses, including influenza, cytomegalovirus, and Epstein-Barr virus. They screened these viruses against about 400,000 T cells and showed that the technique could correctly pick out antigen-T-cell receptor pairings that had been previously identified.

The researchers also screened two different B-cell receptors against 43 antigens, including antigens from HIV and the spike protein of SARS-CoV-2.

In future studies, Birnbaum hopes to screen thousands of antigens against B and T cell populations. “Our ideal would be to screen entire viruses or families of viruses, to be able to get a readout of your entire immune system in one experiment,” he says.

In one study that is now ongoing, Birnbaum’s lab is working with researchers at the Ragon Institute of MGH, MIT, and Harvard to study how different people’s immune systems respond to viruses such as HIV and SARS-CoV-2. Such studies could help to reveal why some people naturally fight off certain viruses better than others, and potentially lead to the development of more effective vaccines.

The researchers envision that this technology could also have other uses. Birnbaum’s lab is now working on adapting the same viruses to deliver engineered genes to target cells. In that case, the viruses would carry not only a targeting molecule but also a novel gene that would be incorporated exclusively into cells that have the right target. This could offer a way to selectively deliver genes that promote cell death into cancer cells, for example.

“We built this tool to look for antigens, but there’s nothing particularly special about antigens,” Birnbaum says. “You could potentially use it to go into specific cells in order to do gene modifications for cell and gene therapy.”

 

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Release – Endeavour Silver Delivers Strong Production in Q1 2022



Endeavour Silver Delivers Strong Production in Q1 2022

Research, News, and Market Data on Endeavour Silver

VANCOUVER, British
Columbia, April 11, 2022 (GLOBE NEWSWIRE) — Endeavour Silver Corp.
(“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR)
is pleased to report first quarter 2022 production of 1,314,955 silver ounces (oz) and 8,695 gold oz, for silver equivalent 1 (“AgEq”) production of 2.0 million oz.

“The year is off to a strong start,” stated Dan Dickson, Chief Executive Officer. “Operationally, Guanacevi continues to outperform production expectations and Bolañitos remains steady. Strategically, we made a significant move in January signing a definitive agreement to acquire the Pitarrilla Project, one of the world’s largest undeveloped silver deposits. The addition of Pitarrilla, which is expected to close in the second quarter, significantly enhances our already attractive pipeline of growth projects, which also includes Terronera and Parral.”

Q1 2022
Highlights

  • Guanacevi
    Continued to Outperform:
    Silver and gold production exceeded plan driven by higher grades.
  • Bolañitos’
    Performance Remained Steady:
    Strong silver production, higher silver grades and increased throughput were offset by the impact of lower than anticipated gold production and lower gold grades.
  • Metal
    Sales and Inventories
    : Sold 1,717,768 oz silver and 8,381 oz gold during the quarter. Held 608,788 oz silver and 1,911 oz gold of bullion inventory and 59,594 oz silver and 1,931 oz gold in concentrate inventory at quarter end.
  • Advancing
    the Terronera Project
    : Work continued on final detailed engineering, early earth works, critical contracts and the procurement of long lead items.   The Company intends to make a formal construction decision subject to completion of a financing package and receipt of additional amended permits in the coming months.
  • Announced
    Definitive Agreement to Acquire the Pitarrilla Project:
    Endeavour is acquiring Pitarrilla, one of the largest undeveloped silver deposits in the world, from SSR Mining Inc. in a transaction expected to close in Q2 2022. Pitarrilla is located in Durango State, Mexico, which has a long history of mining and is known as a mining-friendly jurisdiction with several mines in operation, including our Guanacevi mine.
  • Completed
    US$46.0 Million Bought Deal Financing:
    On March 22, 2022 Endeavour completed a prospectus offering for the issuance of 9,293,150 common shares at a price of US$4.95 per common share for gross proceeds of US$46.0 million, including the exercise of an over-allotment option. The Company plans to use the net proceeds to pay the US$35 million cash consideration payable to SSR Mining Inc. on completion of the Company’s acquisition of the Pitarrilla project and for the Company’s general corporate purposes and working capital.

Q1 2022 Mine
Operations

Consolidated silver production increased by 25% to 1,314,955 ounces in Q1 2022 compared to Q1 2021, primarily driven by a 23% increase in silver production at the Guanacevi mine and a 70% increase in silver production at the Bolañitos mine offset by nil production at El Compas, which the Company put on care and maintenance last August.

Gold production decreased by 22% to 8,695 ounces as a 27% increase in gold production at the Guanacevi mine was offset by a 16% decrease in gold production at the Bolañitos mine and nil production at El Compas.

Guanacevi throughput in Q1 2022 was 14% higher than Q1 2021 and silver grades and gold grades were 10% and 13% higher, respectively. Guanacevi throughput met plan and mining the new higher grade El Curso orebody has led to significantly improved grades and mine flexibility. Additionally, supplies of local third-party ores continued to supplement mine production, amounting to 11% of quarterly throughput and contributing to the higher ore grades.

Bolañitos Q1 2022 throughput was 7% higher than Q1 2021 with silver grades 61% higher and gold grades 20% lower. Silver production increased by 70% while gold production decreased by 16% at the Bolañitos mine.

Production
Highlights for the Three Months Ended March 31, 2022

Q1
2022 Highlights

Three Months Ended March 31,

 

2022

2021

% Change

Throughput (tonnes)

206,147

209,453

(2%)

Silver ounces produced

1,314,955

1,048,100

25%

Gold ounces produced

8,695

11,109

(22%)

Payable silver ounces produced

1,303,540

1,036,710

26%

Payable gold ounces produced

8,549

10,894

(22%)

Silver equivalent ounces produced 1

2,010,555

1,936,820

4%

Silver ounces sold

1,717,768

623,379

176%

Gold ounces sold

8,381

10,663

(21%)

Q1 2022
Production by Mine

Production

Tonnes

Tonnes

Grade

Grade

Recovery

Recovery

Silver

Gold

by
mine

Produced

per day

Ag gpt*

Au gpt*

Ag %

Au %

Oz

Oz

Guanaceví

101,253

1,125

407

1.19

85.6%

89.8%

1,133,850

3,477

Bolañitos

104,894

1,165

61

1.73

88.0%

89.4%

181,105

5,218

Consolidated

206,147

2,291

231

1.46

85.9%

89.6%

1,314,955

8,695

*gpt = grams per
tonne

Q1 2022 Financial
Results and Conference Call

The Company’s Q1 2022 financial results will be released before markets open on Wednesday, May 11, 2022 and a telephone conference call will be held the same day at 10:00 a.m. PT / 1:00 p.m. ET. To participate in the conference call, please dial the numbers below.

Date & Time:

Wednesday, May 11, 2022 at 10:00 a.m. PT / 1:00 p.m. ET

 

 

Telephone:

Toll-free in Canada and the US +1-800-319-4610

 

Local or International +1-604-638-5340

 

Please allow up to 10 minutes to be connected to the conference call.

 

 

Replay:

A replay of the conference call will be available by dialing (toll-free) +1-800-319-6413 in Canada and the US (toll-free) or +1-604-638-9010 outside of Canada and the US. The replay passcode is 8312#. The replay will also be available on the Company’s website at www.edrsilver.com
.

About Endeavour
Silver –
Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact
Information

Trish Moran
Interim Head of Investor Relations
Tel: (416) 564-4290
Email: pmoran@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook ,
Twitter ,
Instagram and
LinkedIn

Cautionary Note
Regarding Forward-Looking Statements

This news release
contains “forward-looking statements” within the meaning of the United States
private securities litigation reform act of 1995 and “forward-looking
information” within the meaning of applicable Canadian securities legislation.
Such forward-looking statements and information herein include but are not
limited to statements regarding Endeavour’s anticipated performance in 2022
including changes in mining operations and production levels, the timing and
results of various activities and the impact of the COVID 19 pandemic on
operations. The Company does not intend to and does not assume any obligation
to update such forward-looking statements or information, other than as
required by applicable law.

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, production
levels, performance or achievements of Endeavour and its operations to be
materially different from those expressed or implied by such statements. Such
factors include but are not limited to the ultimate impact of the COVID 19
pandemic on operations and results, changes in production and costs guidance,
national and local governments, legislation, taxation, controls, regulations
and political or economic developments in Canada and Mexico; financial risks
due to precious metals prices, operating or technical difficulties in mineral exploration,
development and mining activities; risks and hazards of mineral exploration,
development and mining; the speculative nature of mineral exploration and
development, risks in obtaining necessary licenses and permits, and challenges
to the Company’s title to properties; as well as those factors described in the
section “risk factors” contained in the Company’s most recent form 40F/Annual
Information Form filed with the S.E.C. and Canadian securities regulatory
authorities.

Forward-looking
statements are based on assumptions management believes to be reasonable,
including but not limited to: the continued operation of the Company’s mining
operations, no material adverse change in the market price of commodities,
mining operations will operate and the mining products will be completed in
accordance with management’s expectations and achieve their stated production
outcomes, and such other assumptions and factors as set out herein. Although
the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements
or information, there may be other factors that cause results to be materially
different from those anticipated, described, estimated, assessed or intended. There
can be no assurance that any forward-looking statements or information will
prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on forward-looking
statements or information.

_____________________________________________
1 Silver equivalent calculated using an 80:1 silver:gold ratio.

Release – Lineage to Present at the NobleCon18 Investor Conference on April 20, 2022

 



Lineage to Present at the NobleCon18 Investor Conference on April 20, 2022

Research, News, and Market Data on Lineage Cell Therapeutics

CARLSBAD, Calif.–(BUSINESS WIRE)–Apr. 11, 2022–

Lineage Cell Therapeutics, Inc.

(NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today announced that Brian M. Culley, the Company’s Chief Executive Officer, will be presenting at NobleCon18 – Noble Capital Markets’ Eighteenth Annual Investor Conference on
April 20th, 2022 at
4:30pm ET
in Seminole Ballroom A. NobleCon18 is taking place at the
Hard Rock Hotel & Casino in
Hollywood, Florida
,
April 19th – 21st, 2022.

An archived webcast of the corporate presentation will be available starting
April 21st, 2022 on the Events and Presentations page of the Lineage website, and as part of a complete catalog of presentations available on the conference website: www.nobleconference.com and on Channelchek www.channelchek.com, the investor portal created by
Noble Capital Markets. Additional videos are available on the Media page of the Lineage website.

About Lineage
Cell Therapeutics, Inc.

Lineage Cell Therapeutics is a clinical-stage biotechnology company developing novel cell therapies for unmet medical needs. Lineage’s programs are based on its robust proprietary cell-based therapy platform and associated in-house development and manufacturing capabilities. With this platform Lineage develops and manufactures specialized, terminally differentiated human cells from its pluripotent and progenitor cell starting materials. These differentiated cells are developed to either replace or support cells that are dysfunctional or absent due to degenerative disease or traumatic injury or administered as a means of helping the body mount an effective immune response to cancer. Lineage’s clinical programs are in markets with billion dollar opportunities and include four allogeneic (“off-the-shelf”) product candidates: (i) OpRegen, a retinal pigment epithelium transplant therapy in Phase 1/2a development for the treatment of dry age-related macular degeneration, which is now being developed under a worldwide collaboration with Roche and
Genentech, a member of the Roche Group; (ii) OPC1, an oligodendrocyte progenitor cell therapy in Phase 1/2a development for the treatment of acute spinal cord injuries; (iii) VAC2, a dendritic cell therapy produced from Lineage’s VAC technology platform for immuno-oncology and infectious disease, currently in Phase 1 clinical development for the treatment of non-small cell lung cancer and (iv) ANP1, an auditory neuronal progenitor cell therapy for the potential treatment of auditory neuropathy. For more information, please visit www.lineagecell.com or follow the Company on Twitter @LineageCell.

Lineage Cell Therapeutics, Inc. IR Ioana C. Hone (
ir@lineagecell.com)
(442) 287-8963

Solebury
Trout IR
Mike Biega (
Mbiega@soleburytrout.com)

(617) 221-9660

Russo
Partners
– Media Relations
Nic Johnson or David Schull Nic.johnson@russopartnersllc.com

David.schull@russopartnersllc.com

(212) 845-4242

Source:
Lineage Cell Therapeutics, Inc.

Release – Avivagen Announces AGM Results and Update to Shareholders



Avivagen Announces AGM Results and Update to Shareholders

Research, News, and Market Data on Avivagen

 

Record Year of Progress for OxC-beta™ Adoption Worldwide

  • Supply agreement with AB Vista in United States, Brazil and Thailand compliments existing partnerships in Asia and Mexico

  • Continued positive animal trial results leading to orders, new customer wins and growing recognition from the scientific community

OTTAWA, Ontario, April 08, 2022–(BUSINESS WIRE)–Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) (“Avivagen” or the “Company”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that safely enhances feed intake and supports immune function, thereby supporting general health and performance, today announced the results of its annual general meeting of shareholders and highlighted the significant progress made in the Corporation’s efforts to drive further adoption of OxC-beta™ worldwide.

At the Company’s AGM held today, Avivagen’s Corporation’s shareholders voted to support all of the resolutions that came before the meeting. The resolutions included the election of directors and the reappointment of McGovern Hurley LLP as Avivagen’s auditor.

The voting results in respect of the election of directors are detailed below:

Nominee

% Of Votes Cast At The
Meeting

Which Were Cast For the
Election of Directors

% Of Votes Cast At
The Meeting
Which Were Withheld
From Voting

Kym Anthony

78.5%

21.5%

Graham Burton

86.1%

13.9%

Aubrey Dan

92.3%

7.7%

David Hankinson

94.0%

6.0%

Jeffrey Kraws

91.7%

8.3%

Paul Mesburis

93.5%

6.5%

“Like every business we’ve had to overcome the challenges that the extended Covid-19 pandemic brought over the past year, but our growth since early 2021 is a testament to the opportunities for OxC-beta™,” says Kym Anthony, Chief Executive Officer, Avivagen. “The past year has seen a series of important milestones, including growth throughout the countries we service in the Americas and Asia, new customer wins and distribution agreements, important leadership appointments and strong recognition from the scientific and investment communities. Avivagen is in its strongest position yet, and we’ve only scratched the surface of the potential for OxC-beta™ adoption.”

The past 12 months have seen a series of key milestones achieved in furthering adoption of OxC-beta™ in markets worldwide, including:

Distribution Agreements and Market Development Efforts

In October 2021, Avivagen struck an eight-year supply agreement with AB Vista, a leading global animal nutrition technology company. The agreement saw AB Vista become the exclusive distributor of OxC-beta™ for use with poultry, swine, ruminants and aquaculture in the United States, Brazil and Thailand, and also presents opportunities to collaborate on development efforts. It is believed that the agreement will drive greater adoption of OxC-beta™ in two of the world’s three largest feed production markets.

In July 2021 Avivagen retained the services of industry leader Lesley Nernberg as a technical sales and marketing consultant focused on accelerating adoption of OxC-beta™ in Asia. Avivagen also secured regulatory approval for use of the Corporation’s oxidized carotenoid-based feed additive product in Vietnam in February 2022, creating new market opportunities.

In February 2021, Avivagen signed an agreement with Meyenberg International Group to expand its OxC-beta™ sales efforts into five Central and South American markets. Meyenberg has been instrumental in securing new customer interest, driving trails of OxC-beta™ locally and finalizing new and recurring sales throughout Mexico, with continued progress in Central and South America.

Record Orders and Large Recurring Customers

In April 2021 Avivagen secured the largest OxC-beta™ order to date (4.4 metric tonnes) with long-standing customer UNAHCO in the Philippines. This was later followed up by another record 6.3 tonne order, as UNAHCO continues to gain market share despite current difficult economic conditions.

The Corporation has also secured and fulfilled first purchase orders with a number of landmark customers over the past year, including sales with a large integrated producer in Asia, and an initial order with a large, influential and industry-leading poultry producer in Mexico. Avivagen believes that the order size and volume of initial orders signals an opportunity for growth in OxC-beta™ adoption over the coming years.

Recognition from the Scientific Community and Trials

The growing interest and demand for new and innovative solutions for replacing AGP’s (Antibiotics as Growth Promoters) in feeds, has led to a number scientific papers from Avivagen being accepted and published in top-tier scientific publications over the past year. Of note, scientific papers written by Avivagen representatives have appeared recently in such esteemed publications as Poultry Science, the British Journal of Nutrition, Food and Chemical Toxicology, the Canadian Journal of Chemistry and the New Zealand Veterinary Journal.

The scientific community is now recognizing what distribution partners and customers have seen firsthand via trials of OxC-beta™ over the past several years – that the safety and utility of using OxC-beta™ in broilers, swine and cows is conclusive. Trials with several AB Vista customers in Brazil are currently underway which, if successful, could lead to a pipeline of new customer activity. Trials by two of Mexico’s most important and influential livestock fed and dairy production associations, Asociación Nacional de Fabricantes de Alimentos Para Consumo Animal. S.C (ANFACA) and Asociación Mexicana de Productores de Alimentos, A.C. (AMEPA), are also underway.

Results from a dairy trial in New Zealand showing positive outcomes for use against sub-clinical mastitis were published in the New Zealand Veterinary Journal and have played a key role in driving purchasing decisions for customers as far away as Mexico. Similar trials with large industry leaders have also returned positive results that are expected to lead to continued adoption over the coming years.

Positive Corporate Developments

Along with continued customer and market success for OxC-beta™, Avivagen has focused on strengthening its leadership and financials over the past year. The Corporation announced the appointment of James (Jamie) Nickerson, PhD as President of Avivagen in January 2022 after 15 years of success in roles supporting the Corporation’s business development and innovation efforts.

Avivagen also completed a bought deal financing of $7.5 million in February 2021, and a private placement of debentures and shares for gross proceeds of $5.678 million in March 2022. The proceeds from the debenture and share offering were used by Avivagen to retire principal and interest outstanding pursuant to existing debentures and for transaction expenses.

About Avivagen

Avivagen is a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications. By unlocking an overlooked facet of ?-carotene activity, a path has been opened to safely and economically support immune function, thereby promoting general health and performance in animals. Avivagen is a public corporation traded on the TSX Venture and OTCQB® Venture Market exchanges under the symbols VIV and VIVXF, and is headquartered in Ottawa, Canada, based in partnership facilities of the National Research Council of Canada and Charlottetown, Prince Edward Island. For more information, visit www.avivagen.com. The contents of the website are expressly not incorporated by reference in this press release.

About OxC-beta™ Technology and OxC-beta™ Livestock

Avivagen’s OxC-beta™ technology is derived from Avivagen discoveries about ?-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function the technology provides a non-antibiotic means of promoting health and growth. OxC-beta™ Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. The product is currently available for sale in the United States, Mexico, Philippines, Taiwan, New Zealand, Thailand, Australia and Malaysia.

Avivagen’s OxC-beta™ Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters. Numerous international livestock trials with poultry and swine using OxC-beta™ Livestock have proven that the product performs as well as, and, sometimes, in some aspects, better than in-feed antibiotics.

Forward Looking Statements

This news release includes certain forward-looking statements that are based upon the current expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of Avivagen Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions.

Statements set out in this news release relating to the market opportunities for the Company, the expectation that Avivagen’s current position positions it for future growth, expectation as to further adoption of or orders for the Company’s products, the possibility that trials underway could lead to additional orders in the future and the possibility for OxC-beta™ Livestock to replace antibiotics in livestock feeds as growth promoters are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. For instance, unforeseen factors could limit the growth of the Company and the adoption of its products, customers are under no obligation to make additional orders and may not order increasing quantities of the Company’s products, partnerships may not be as successful as hoped, trials may not be successful or may not lead to additional adoption of the Company’s products, Avivagen’s products may not gain market acceptance or regulatory approval in new jurisdictions or for new applications and may not be widely accepted as a replacement for antibiotics as growth promoters in livestock feeds, all of which could occur due to many factors, many of which are outside of Avivagen’s control. Readers are referred to the risk factors associated with the business of Avivagen set out in Avivagen’s most recent management’s discussion and analysis of financial condition available at www.SEDAR.com. Except as required by law, Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

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

Copyright © 2022 Avivagen Inc. OxC-beta™ is a trademark of Avivagen Inc.

Contacts

Avivagen Inc.
Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: d.basek@avivagen.com

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com

Morningstar Analyst Peeks Behind AARK Curtain and Calls Fund Wretched



Morningstar Analyst Cites Many Reasons to Downgrade Cathie Wood’s Flagship Fund

 

When it rains, it pours on ARK Invest. Morningstar has dropped Cathie Wood’s flagship Fund, the ARK Innovation ETF (AARK), to the lowest level on its analyst scale. The influential research firm’s analyst has a long list of reasons to be so hard on the “disruptive” tech fund. He also directs advice specifically at Cathie Wood as manager of the firm she founded.

 

Source: Morningstar

 

Morningstar Actions

In a research note released earlier this week, fund analyst Robby Greengold, CFA, downgraded ARKK to Negative from Neutral. He simultaneously dropped the fund’s People and Parent ratings to Below Average from Average. He explains in a laundry list of issues the reasons for the downgrades. Many of them describe a seat-of-the-pants, lack of benchmarking strategy, that he says is employed by the chief investment officer, Cathie Wood.

Fund Downgrade

In his write-up titled Why We’ve Downgraded ARK
Innovation
, Greenwold is critical right from his first sentence, he writes, “ARK Innovation ETF (ARKK) shows few signs of improving its risk management or ability to successfully navigate the challenging territory it explores.”

He goes on to find risk in the funds diversification, AARK holds only 35 stocks (down from 60 last year). The holdings are all companies of Wood’s highest conviction ideas. Part of the issue here is that many of these companies have highly correlated stock prices, and several of them are unprofitable. 

Other criticisms explained with the fund downgrade include:

“Manager Cathie Wood has since doubled down on her perilous approach in hopes of a repeat of 2020, when highly volatile growth stocks were in favor.”

“Since its meteoric rise in 2020, the strategy’s exchange-traded fund has been one of the worst-performing U.S.-sold funds, as the aggressive-growth stocks it held fell back to earth.”

“She has saddled the portfolio with greater risk by slashing its number of stocks to 35 from 60 less than a year ago–thereby amplifying stock-specific risk.”

“Rather than gauge the portfolio’s aggregate risk exposures and simulate their effects during a variety of market conditions, the firm uses its past as a guide to the future…”

 

People and Parent Downgrade

As part of the ratings downgrade for People and Parent of the ETF, Robby Greenwold discusses the lack of depth and succession planning:

“ARK has in place a poor succession plan for the 66-year-old Wood, who is essential as the firm’s majority owner and lone portfolio manager. Director of research Brett Winton would succeed her if needed, but his 15 years of industry experience include none as a manager. Exacerbating that key-person risk is the firm’s inability to develop and retain talent: Many of its analysts have come and gone, and most of the nine remaining lack deep industry experience.”

Philosophical Differences

The Morningstar analyst seems to be at disagreement with the philosophy that investors in funds choose the sector or sub-sector and leave the investing in the hands of a fund manager they deem capable. And, if the manager is not fully invested, they are interfering with the investor’s allocation strategy. Under this philosophy, any diversification away from a sector is for the investor. Instead, Greenwold says, “Wood has suggested that risk management lies not with her but with those who invest in ARK’s funds.”  He believes that a fund manager should be the one calling the market, and not just looking for long-term winners within the confines of the prospectus. Greenwold writes, “ARK could do more to avert severe drawdowns of wealth, and its carelessness on the topic has hurt many investors of late. It could hurt more in the future.”

 

Paul Hoffman

Managing Editor, Channelchek

 

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Sources

https://www.morningstar.com/articles/1086987/why-weve-downgraded-ark-innovation

 

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Fannie Maes Real Estate Survey Broke Record Ground


Image: MichaelGoodin (Flickr)


Fannie Mae’s Latest Survey Highlights Pessimism in the Real Estate Market

 

Good time to buy? Good time to sell? Unlike the stock or even bond market, the real estate market can’t always be avoided. None of us “need” an investment account, but we all could use shelter from the rain and a safe place to sleep. Having said that, all markets are related. When the values of homes go up, households feel wealthier and more confident in their spending. This drives economic growth and stock valuations. When valuations go down, people are less likely to make improvements and have less equity to borrow from for purchases. So real estate is an important market for stock market investors to pay attention to.

The Federal National Mortgage Association, Fannie Mae (FNMA) just released two survey results on housing optimism/pessimism that are of value to anyone who has investments. The surveys measure attitudes and expectations. The results highlight the highest reading ever recorded in a couple of categories.

The surveys are the National Housing Survey and the Home Purchaser Sentiment Survey Index.

 

What Fannie Mae’s National Housing Survey Tells Us

Consumer attitudes are measured in the NHS through a telephone poll of approximately 1,000 households to assess their attitudes toward owning and renting a home, home and rental price changes, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions designed to track attitude changes

The most recent survey answers were collected between March 1 and March 24, 2022.

 

What Fannie Mae’s Home Purchase Sentiment Index Tells Us

The HPSI creates a single number using information about consumers’ home purchase sentiment from Fannie Mae’s National Housing Survey which it weights. The number reflects consumers’ current views and forward-looking expectations of housing market conditions. It is distilled from six questions that answer consumers’ overall thoughts on, do they think that it is a good or bad time to buy or sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned they are about losing their jobs, and whether their incomes are higher than they were a year earlier.

What Fannie Mae Learned

69% of respondents expect mortgage rates to go up in the next 12 months

The Home Purchase Sentiment Index decreased by 2.1 points to 73.2 in March, as consumers continue to be pessimistic regarding the direction of mortgage rates and the homebuying climate. Overall, four of the index’s six components decreased month over month, including the components asking consumers whether they expect mortgage rates to go up and whether they believe it’s a good time to buy a home. On the whole, the “Good Time to Buy” component set a new survey low, with 73% of respondents reporting that it’s a bad time to buy a home.

Year over year, the HPSI index is down 8.5 points.

 Only 24% of consumers believe it’s a good time to buy a home, with similar levels of pessimism expressed by nearly all of the demographic groups surveyed.

In March the survey also broke a new high of consumers expecting their financial situations to worsen over the next year; this was especially true among current homeowners. These concerns, together with the run-up in mortgage rates since the end of 2021, will likely lower mortgage demand from move-up buyers – and fewer move-up buyers mean fewer available entry-level homes. This adds to the rising-rate hurdles for potential first-time homebuyers. If consumer pessimism toward homebuying conditions continues and the recent mortgage rate increases are sustained, then there can be an accelerated cooling of the housing market.

Granular Details

Good/Bad Time to Buy: The percentage of those surveyed who said it’s a good time to buy a home decreased from 29% to 24%, while the percentage who said it is a bad time to buy increased from 67% to 73%. As a result, the net of those who say it is a good time to buy decreased 11 percentage points month over month.

Good/Bad Time to Sell: The percentage of respondents who say it is a good time to sell a home increased from 72% to 74%, while the percentage who say it’s a bad time to sell decreased from 22% to 21%. As a result, the net share of those who say it is a good time to sell increased 3 percentage points month over month.

Home Price Expectations: The percentage of respondents who say home prices will go up in the next 12 months increased from 46% to 48%, while the percentage who say home prices will go down increased from 16% to 20%. The share who think home prices will stay the same decreased from 32% to 28%. As a result, the net share of Americans who say home prices will go up decreased 2 percentage points month over month.

Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months increased from 3% to 4%, while the percentage who expect mortgage rates to go up increased from 67% to 69%. The share who think mortgage rates will stay the same increased from 22% to 23%. As a result, the net share of Americans who say mortgage rates will go down over the next 12 months decreased 1 percentage point month over month.

Job Concerns: The percentage of respondents who say they are not concerned about losing their job in the next 12 months decreased from 87% to 86%, while the percentage who say they are concerned increased from 9% to 11%. As a result, the net share of Americans who say they are not concerned about losing their job decreased 3 percentage points month over month.

Household Income: The percentage of respondents who say their household income is significantly higher than it was 12 months ago increased from 27% to 29%, while the percentage who say their household income is significantly lower increased from 12% to 13%. The percentage who say their household income is about the same decreased from 56% to 53%. As a result, the net share of those who say their household income is significantly higher than it was 12 months ago increased 1 percentage point month over month.

Take-Away

Economic activity impacts stock prices. Stock prices impact households’ views on their wealth and whether they should open their pocketbooks and stimulate the economy or retrench. Consumers’ views on their home values or ability to buy or rent impact spending patterns and economic activity as well. Real Estate investors are right to watch the bond market for clues related to interest rates that impact mortgage lending. For the same reason, stock market investors should keep aware of what is going on in both the fixed income sector and housing market.

 

Paul Hoffman

Managing Editor, Channelchek

 

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Morningstar Analyst Peeks Behind AARK Curtain and Calls Fund Wretched





Is Company Sponsored Research the Future for Small-Cap Stock Investors?



Are Small-Cap Stocks Smart Investments?

 

Sources

https://www.fanniemae.com/media/43251/display

 

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Release – Eagle Bulk Shipping Inc. to Issue First Quarter 2022 Results and Hold Investor Conference Call



Eagle Bulk Shipping Inc. to Issue First Quarter 2022 Results and Hold Investor Conference Call

Research, News, and Market Data on Eagle Bulk Shipping

 

STAMFORD, Conn.
April 07, 2022 (GLOBE NEWSWIRE) — 
Eagle Bulk Shipping Inc. (Nasdaq: EGLE) , one of the world’s largest owner-operators within the midsize drybulk segment, announced today that it will report its financial results for the first quarter ended 
March 31, 2022, after the close of stock market trading on May 5, 2022. Members of Eagle Bulk’s senior management team will host a teleconference and webcast at 8:00 a.m. ET on Friday, May 6, 2022 to discuss the results.

To participate in the teleconference, investors and analysts are invited to call +1 844-282-4411 in the 
U.S., or +1 512-900-2336 outside of the 
U.S., and reference participant code 4384843. A simultaneous webcast of the call, including a slide presentation for interested investors and others, may be accessed by visiting www.eagleships.com.

A replay will be available following the call from 11:00 AM ET on May 6, 2022 until 11:00 AM ET on May 16, 2022. To access the replay, call +1 855-859-2056 in the 
U.S., or +1 404-537-3406 outside of the 
U.S., and reference passcode 4384843.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. (“Eagle” or the “Company”) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Headquartered in 
Stamford, Connecticut, with offices in 
Singapore and 
Copenhagen, Eagle focuses exclusively on the versatile midsize drybulk vessel segment and owns one of the largest fleets of Supramax / Ultramax vessels in the world. The Company performs all management services in-house (including: strategic, commercial, operational, technical, and administrative) and employs an active management approach to fleet trading with the objective of optimizing revenue performance and maximizing earnings on a risk-managed basis. For further information, please visit our website: www.eagleships.com.

Company Contact

Eagle Bulk Shipping, Inc.
investor@eagleships.com
+1 203-276-8100

Media Contact

Rose & Company
+1 212-359-2228

Source: 
Eagle Bulk Shipping Inc.

Release – PDS Biotechnology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)



PDS Biotechnology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Research, News, and Market Data on PDS Biotech

 

FLORHAM PARK, N.J., April 08, 2022 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing a growing pipeline of molecularly targeted cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary Versamune® and Infectimune™ T-cell activating technologies, today announced that on April 6, 2022 PDS Biotech granted nonstatutory stock options to (a) Robert Imani, M.D., PhD, PDS Biotech’s Vice President Medical Director to purchase 70,000 shares of PDS Biotech common stock, and (b) Paul Ivany, PDS Biotech’s Senior Director Manufacturing Operations, to purchase 50,000 shares of PDS Biotech’s common stock, in each case, as a material inducement to their employment with PDS Biotech and in accordance with Nasdaq Listing Rule 5635(c)(4) and PDS Biotech’s 2019 Inducement Plan, as amended, which was adopted on June 17, 2019 and provides for the granting of equity awards to new employees of PDS Biotech.

Each stock option has an exercise price of $6.09, the closing price of PDS Biotech’s common stock on April 6, 2022. Each stock option vests over a four-year period, with one-quarter of the shares vesting on the first anniversary of the grant date and the remaining shares vesting monthly over the 36-month period thereafter, subject to continued employment with the company through the applicable vesting dates.

About PDS Biotechnology

PDS Biotech is a clinical-stage immunotherapy company developing a growing pipeline of molecularly targeted cancer and infectious disease immunotherapies based on the Company’s proprietary Versamune® and Infectimune™ T-cell activating technology platforms. Our Versamune®-based products have demonstrated the potential to 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. The Company’s pipeline products address various cancers including HPV16-associated cancers (anal, cervical, head and neck, penile, vaginal, vulvar) and breast, colon, lung, prostate and ovarian cancers.

Our Infectimune™ -based vaccines have demonstrated the potential to induce not only robust and durable neutralizing antibody responses, but also powerful T-cell responses including long-lasting memory T-cell responses. 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® and Infectimune™-based product candidates; 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® and Infectimune™-based product candidates 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 the Company’s ability to fully fund its 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 (including, without limitation, any preclinical results or data), which are not necessarily indicative of the final results of the Company’s ongoing clinical trials; any Company statements about its understanding of product candidates mechanisms of action and interpretation of preclinical and early clinical results from its clinical development programs and any collaboration studies; 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.

Versamune® is a registered trademark and Infectimune™ is a trademark of PDS Biotechnology.

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

Michael Burry Sees Positive in Elon Musks Twitter Stake



Michael Burry Couldn’t Resist Tweeting a Few Words About Twitter’s Largest Shareholder

 

Hedge fund manager Michael Burry (recognized from the book and movie “The Big Short”) has a substantial following of investors that peruse his firm’s investment positions and analyze his Twitter musings. Last year his firm’s growing short position in Tesla (TSLA) made news. This week he openly applauded Tesla’s CEO Elon Musk after he was appointed to Twitter’s Board of Directors. Burry’s sentiments were in a Tweet to his 676 thousand followers.

 

Dr. Michael J. Burry

Michael Burry, who is perceived to be temperamental, will often delete
his Tweets
shortly after posting and has frequently deactivated his blue check-marked account. The Scion Asset Management founder, who is also a medical doctor, seems to see things through a different eye and uses social media to vent and express frustration – then, he usually unwinds his posts like a bad trade.

Elon Reeve Musk

Elon Musk is a frequent Twitter user and seems to revel in the attention his posts attract. He is not one to shy from controversy. Some of his posts and comments to his 81 million followers have complained about the social media platform’s content moderation and heavy and uneven handedness.

Burry’s Point of View

When Musk, currently the richest guy in the world, disclosed his 9.2% ownership stake in Twitter, Michael Burry expressed his approval on Twitter under his pseudonym “Cassandra.” The short but controversial Tweet has since been taken down. Musk’s ownership position places him as the largest shareholder of Twitter and warranted an invite to become a Board member, which he accepted.

 

 

The hedge fund manager’s response to the news that the Tesla CEO, who’s stock value he once thought was “ridiculous,” may now have a big say in the direction of Twitter was one of approval. Burry used an editorial from The Boston Globe to define his words which read, “Of course @ElonMusk buying enough shares to control Twitter would be good for America. Period.” The Tweet (see image above) has since been deleted.

 


Tweet from Twitter’s CEO Parag Agrawal

 

The Editorial

The editorial discusses how the Washington Post and the New York Times once dismissed a report in The New York Post related to the contents of the MacBook hard drive owned by the son of then-presidential candidate Joe Biden. Twitter, during the election, restricted the New York Post story from being circulated on its platform. Twitter went as far as to suspend the account of The New York Post related to the news.

 

Excerpt from Boston Herald, April 3, 2022

 

As the Boston Globe editorial points out, the Washington Post and New York Times are now admitting the laptop hard drive was genuine (18 months later). The feeling Burry seems to be expressing is that a more open social media platform would not have censored this story, and less censorship is positive for the country.

Dr. Burry seems to believe that Elon Musk will help steer the company toward a freer exchange of ideas and information.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Michael Burry Adjusts Tesla Position



Why Michael Burry has Better Opportunity Than Cathie Wood





Is the Index Bubble Michael Burry Warned About Still Looming?



Twitter Gets a New Board Member Who Instantly Causes Stock to Rocket

 

Sources

https://nypost.com/2022/04/06/big-short-investor-elon-musks-twitter-buy-good-for-america/

https://markets.businessinsider.com/news/stocks/big-short-michael-burry-twitter-elon-musk-tesla-hunter-biden-2022-4

https://www.bostonherald.com/2022/04/03/editorial-the-hunter-biden-train-wreck-rolls-over-times-post/

https://www.businessinsider.com/twitter-new-york-post-hunter-biden-article-lawfully-restricted-fec-2021-9

https://twitter.com/michaeljburry/status/1511136888664510464

https://twitter.com/elonmusk/status/1460370293978013699

https://nypost.com/2022/03/30/washington-post-admits-hunter-biden-laptop-is-real/

 

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Engine Media (GAME)(GAME:CA) – Out of Eden

Friday, April 08, 2022

Engine Media (GAME)(GAME:CA)
Out of Eden

Engine Media Holdings Inc is engaged in esports data provision, esports tournament hosting, and esports racing. Its brand profile includes Eden Games, Allin sports, and UMG, and others. The company’s operating segments include E-Sports; Media and Advertising and Corporate and Other. It generates maximum revenue from the Media and Advertising segment. The Media and Advertising segment includes platform and advertising services provided to other broadcasters, primarily local tv and radio broadcasters.

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

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

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

    Sale of Eden Games. The Company announced the sale of its subsidiary, Eden Games, to Animoca Brands for $16 million or 1.8 times projected fiscal 2022 revenue of $8.78 million. Engine received $15.3 million for its 96% stake. We view the transaction favorably, given that we viewed Eden as a non-strategic asset.

    A more focused approach.  The sale of Eden should allow management to focus its attention on its fast growing B2B businesses, which include gaming data and analytics, programmatic advertising, and influencer marketing …


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. 

 

Allegiant Gold (AUXXF)(AUAU:CA) – Poised for a Breakout Year

Friday, April 08, 2022

Allegiant Gold (AUXXF)(AUAU:CA)
Poised for a Breakout Year

Allegiant Gold is a mid-stage exploration stage company with 10 highly prospective projects in the southwest United States, including 7 projects in the State of Nevada. Allegiant’s flagship project is Eastside, a district-scale project in Nevada with inferred resources of 1.4 million gold and 8.8 million silver ounces of inferred resources and significant potential to add size and scale. The company’s shares trade on the TSX Venture Exchange under the ticker symbol “AUAU” and on the OTCQX under the ticker symbol “AUXXF.”

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

    Drill is turning. Allegiant Gold recently began its drilling at Eastside and has expanded the program to over 14,000 meters from 12,000 meters of drilling. Allegiant intends to drill up to 30 reverse circulation holes to an average depth of 200 meters in the East Pediment area immediately east of the Original Pit Zone. The rig will then be moved to the West Anomaly where 10 reverse circulation holes will be drilled with an average depth of 300 meters. Core drilling will begin in early May to test the high-grade zone within the western edge of the original pit zone. We expect two rigs to be in operation at Eastside through the remainder of the year.

    High grade zone could be a game changer.  Recall that in May 2021, results from Allegiant’s nine-hole drill program returned strong gold intercepts for Holes 239, 243, 244, and 245. With the recent C$4.0 million investment by Kinross Gold Corporation (NYSE: KGC, TSX: K), along with its technical advisory support, deeper core drilling will help to better assess Eastside’s high-grade potential. While …


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. 

 

Voyager Digital (VYGVF)(VOYG:CA) – Better than Expected Preliminary 3Q Results

Friday, April 08, 2022

Voyager Digital (VYGVF)(VOYG:CA)
Better than Expected Preliminary 3Q Results

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

    3Q22 Preliminary Total Revenue. Voyager’s management announced that preliminary total revenue for the third quarter will be between $100 to $105 million, a sequential decrease from second quarter’s $164.8 million, as expected due to soft market conditions, but an improvement year-over-year from the previous year’s $60.4 million. We had estimated total revenue at $98 million.

    Key Metrics for the Third Quarter.  Total funded accounts reached 1.190 million, a sequential increase of 115,000 from 1.075 million in the second quarter. We believe that this growth is attributable to Voyager’s commitment to scaling their technology to expand on their products, including their debit card. Total verified users increased by 255,000 to 3.486 million from 3.231 million in the second …


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.