Month: June 2022

Michael Burry Uses Burgernomic’s logic to Evaluate the US Dollar

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Image Credit: Marc Buehler (Flickr)


Michael Burry Tweets About the Weak Dollar While Mainstream News Discusses Dollar Strength

The US Dollar ($USD) has been strengthening against most major currencies of late. But, it can be argued, the currency strength directly against other currencies may not be a useful test for investors or consumers. Michael Burry, the fund manager of “The Big Short” fame, took to Twitter Tuesday to transform this talk of a stronger dollar. His tweet argues that those thinking the $USD is strong are using the wrong yardstick. US currency, he suggests, is only strong on a relative basis to other weakening currencies, and rampant inflation is actually eroding its purchasing power and its value.

Cheeseburger in Pandemonium

Burry’s words are reminiscent of The Big Mac Index. This is a measure lightheartedly created in 1986 by The Economist magazine to show currency misalignment between nations using a Macdonald’s menu item as the control. Over 36 years, it has devolved into a more simplified version called Burgernomics. Burgernomics shows the change in a currency’s direct purchasing power and, therefore, value change based on the cost of a cheeseburger.

Burry tweeted on June 7th, “When you see mention of
the strong dollar, the almighty dollar, please remember this is only in
relation to other fiat currencies,” he said. “The dollar is not at all
strong, and it is not getting stronger. We all see it every single day in
prices of everything.” Burry has been very vocal since early 2020 about his concerns about the economic impact of steps taken at all levels in Washington.

Through May and continuing into June, the US dollar, measured against other currencies, hit 20-year highs. Its accelerated strength against other currencies is said to demonstrate its appeal as a haven in a volatile world. It also has gained natural strength from rising interest rates available in dollar-denominated assets.


Source: Koyfin

Burry’s point is that a dollar may be worth more in euros or yen than before, but it buys far less due to the soaring prices of food, gas, housing, and many other goods and services. The expression “picking the cleanest dirty shirt” was used by many economists after 2008 to explain why foreign assets were invested in the US despite US troubles. The expression doesn’t suggest the US economy was at all good, it instead emphasizes that it was just best.


Source: Twitter

This thinking is not out of line with another widely followed investor, Warren Buffett. At the Berkshire Hathaway annual meeting, the Oracle of Omaha was quoted as saying. “Inflation swindles the bond investor … it swindles the person who keeps their cash under their mattress, it swindles almost everybody.”

Further Warnings from Burry

Burry, who is known to go on a tweeting frenzy only to delete them by day’s end, has left the above tweet available on his account. He recently highlighted that Americans are saving less, borrowing more, and could virtually exhaust their savings before the end of this year. He explained, that trend threatens to slash consumer spending and pile more pressure on corporate earnings.

Take Away

The well-followed hedge fund manager and founder of Scion Asset Management, LLC took to Twitter to give a different view than most often shown in financial news. Burry had frequently called out the economic cheerleaders and irrational speculation in the markets during the pandemic. He once discussed at length with Bloomberg how the reaction to coronavirus would eventually be worse
than the disease. He has compared
index funds to the real estate crisis. And he also bemoaned the “greatest speculative bubble of all time in all things” last summer, and warned owners of meme stocks and cryptocurrencies that they were headed towards the “mother of all crashes.”

He is never on CNBC or FOX Business News, but his thoughts and tweets are worth paying attention to. Channelchek will selectively highlight those thoughts when they seem relevant to our subscribers.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://www.economist.com/big-mac-index

https://www.reuters.com/business/buffett-says-inflation-an-issue-berkshire-it-swindles-almost-everybody-2022-04-30/

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Release – Stream Hatchet Launches Stream Hatchet Brands – to Track Earned Media Value from Brand Advertisements In Streaming

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Stream Hatchet Launches Stream Hatchet Brands – to Track Earned Media Value from Brand Advertisements In Streaming

Research, News, and Market Data on Engine Gaming & Media

Stream Hatchet Brands enables
the targeted performance measurement of over 2,300 major brands via logo
recognition models and chat analysis on video game streaming platforms

Barcelona, SPAIN – 8 June 2022 – Stream Hatchet, a wholly-owned subsidiary of Engine Gaming and Media, Inc. (“Engine” or the “Company”) (NASDAQ:GAME)(TSXV:GAME), today announced that it has launched Stream Hatchet Brands, a tool and comprehensive database that allows marketers to track earned media value from over 2,300 major brands on video game streaming platforms

Stream Hatchet Brands provides detailed information and curated data sets on the prominence of brand appearances within the top video game streamers, as well as the earned media value generated in each individual frame. This allows marketers to track brand logo impressions related to viewership and brand affinity and present them in dashboards

These dashboards can be filtered into specific categories and industry segments to enhance comparative analysis, and the final data can be processed into a variety of visuals and reports.

Stream Hatchet Brands features three advanced data curation methods:

  • Logo detection with frame by frame
    methodology     – A bespoke model allows the tracking of brand logos by observing the stream frame by frame. Using this data, internal algorithms generate an earned media value providing a micro-level and highly accurate performance measurement.
  • Logo detection by logo presence
    methodology     – In addition to tracking brand logos in streaming videos, Stream Hatchet Brands also tracks brand presence on a larger level, allowing brands to benchmark their presence against a broader quantity of live streaming platforms.
  • Chat analysis – Brand mentions are detected by analyzing the complete chat history of all channels, and Stream Hatchet Brands’ advanced methodology tracks specific brand mentions by analyzing the context of the chat to avoid tracking keywords that share the brand name.

More than ever, brands are leveraging gaming influencers and esports events to reach the core gaming audience, which is full of lucrative consumers for various brands,” said Eduard Monsterrat, CEO at Stream Hatchet. “Tracking earned media value on live streams has never been easy, but now with the launch of Stream Hatchet Brands, brand marketers have a simple way of accurately determining the level of brand lift they are generating through sponsorship activations. They can see where their logos appear on stream and how prominent they are compared to competitors, while also tracking brand affinity through audience mentions in chat.

“What makes our products unique”, Montserrat continued, “is our taxonomy and classification methodology. Our data experts spend a copious amount of time properly labelling each individual data point that flows through our reporting offerings, and we never sacrifice quality”.

About Stream Hatchet

Stream Hatchet is the market leader in live-streaming viewership data analytics for the world’s leading video game streaming platforms. Stream Hatchet provides deep insights to leading brands, creator networks, esports leagues, game publishers and other businesses measuring the impact of video game live streaming. Stream Hatchet is a wholly-owned subsidiary of Engine Gaming and Media. For more information, please visit www.streamhatchet.com.

About Engine Gaming and Media,
Inc.

Engine Gaming and Media, Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). Engine provides premium social sports and esports gaming experiences, as well as unparalleled data analytics, marketing, advertising, and intellectual property to support its owned and operated direct-to-consumer properties while also providing these services to enable its clients and partners. The company’s subsidiaries include Stream Hatchet, Sideqik, WinView, UMG Gaming, and Frankly Media. For more information, please visit www.enginegaming.com/

Press Kit: 
Media Kit

For further press information, please contact
Amy Ballantyne
Big Games Machine
Email: 
amy@biggamesmachine.com


Artificial Intelligence Language Translation Involves Machines First Hallucinating

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Image Credit: Lauren Hinkel (MIT)


Machine Hallucinating to Better Translate Languages

Lauren Hinkel | MIT-IBM Watson AI Lab

As babies, we babble and imitate our way of learning languages. We don’t start off reading raw text, which requires fundamental knowledge and understanding about the world, as well as the advanced ability to interpret and infer descriptions and relationships. Rather, humans begin our language journey slowly, by pointing and interacting with our environment, basing our words and perceiving their meaning through the context of the physical and social world. Eventually, we can craft full sentences to communicate complex ideas.

Similarly, when humans begin learning and translating into another language, the incorporation of other sensory information, like multimedia, paired with the new and unfamiliar words, like flashcards with images, improves language acquisition and retention. Then, with enough practice, humans can accurately translate new, unseen sentences in context without the accompanying media; however, imagining a picture based on the original text helps.

This is the basis of a new machine learning model, called VALHALLA, by researchers from MIT, IBM, and the University of California at San Diego, in which a trained neural network sees a source sentence in one language, hallucinates an image of what it looks like, and then uses both to translate into a target language. The team found that their method demonstrates improved accuracy of machine translation over text-only translation. Further, it provided an additional boost for cases with long sentences, under-resourced languages, and instances where part of the source sentence is inaccessible to the machine translator.

As a core task within the AI field of natural language processing (NLP), machine translation is an “eminently practical technology that’s being used by millions of people every day,” says study co-author Yoon Kim, assistant professor in MIT’s Department of Electrical Engineering and Computer Science with affiliations in the Computer Science and Artificial Intelligence Laboratory (CSAIL) and the MIT-IBM Watson AI Lab. With recent, significant advances in deep learning, “there’s been an interesting development in how one might use non-text information — for example, images, audio, or other grounding information — to tackle practical tasks involving language” says Kim, because “when humans are performing language processing tasks, we’re doing so within a grounded, situated world.” The pairing of hallucinated images and text during inference, the team postulated, imitates that process, providing context for improved performance over current state-of-the-art techniques, which utilize text-only data.

This research will be presented at the IEEE / CVF Computer Vision and Pattern Recognition Conference this month. Kim’s co-authors are UC San Diego graduate student Yi Li and Professor Nuno Vasconcelos, along with research staff members Rameswar Panda, Chun-fu “Richard” Chen, Rogerio Feris, and IBM Director David Cox of IBM Research and the MIT-IBM Watson AI Lab.

 

Learning to Hallucinate
from Images

When we learn new languages and to translate, we’re often provided with examples and practice before venturing out on our own. The same is true for machine-translation systems; however, if images are used during training, these AI methods also require visual aids for testing, limiting their applicability, says Panda.

“In real-world scenarios, you might not have an image with respect to the source sentence. So, our motivation was basically: Instead of using an external image during inference as input, can we use visual hallucination — the ability to imagine visual scenes — to improve machine translation systems?” says Panda.

To do this, the team used an encoder-decoder architecture with two transformers, a type of neural network model that’s suited for sequence-dependent data, like language, that can pay attention key words and semantics of a sentence. One transformer generates a visual hallucination, and the other performs multimodal translation using outputs from the first transformer.

During training, there are two streams of translation: a source sentence and a ground-truth image that is paired with it, and the same source sentence that is visually hallucinated to make a text-image pair. First the ground-truth image and sentence are tokenized into representations that can be handled by transformers; for the case of the sentence, each word is a token. The source sentence is tokenized again, but this time passed through the visual hallucination transformer, outputting a hallucination, a discrete image representation of the sentence. The researchers incorporated an autoregression that compares the ground-truth and hallucinated representations for congruency — e.g., homonyms: a reference to an animal “bat” isn’t hallucinated as a baseball bat. The hallucination transformer then uses the difference between them to optimize its predictions and visual output, making sure the context is consistent.

The two sets of tokens are then simultaneously passed through the multimodal translation transformer, each containing the sentence representation and either the hallucinated or ground-truth image. The tokenized text translation outputs are compared with the goal of being similar to each other and to the target sentence in another language. Any differences are then relayed back to the translation transformer for further optimization.

For testing, the ground-truth image stream drops off, since images likely wouldn’t be available in everyday scenarios.

“To the best of our knowledge, we haven’t seen any work which actually uses a hallucination transformer jointly with a multimodal translation system to improve machine translation performance,” says Panda.

 

Visualizing the
Target Text

To test their method, the team put VALHALLA up against other state-of-the-art multimodal and text-only translation methods. They used public benchmark datasets containing ground-truth images with source sentences, and a dataset for translating text-only news articles. The researchers measured its performance over 13 tasks, ranging from translation on well-resourced languages (like English, German, and French), under-resourced languages (like English to Romanian) and non-English (like Spanish to French). The group also tested varying transformer model sizes, how accuracy changes with the sentence length, and translation under limited textual context, where portions of the text were hidden from the machine translators.

The team observed significant improvements over text-only translation methods, improving data efficiency, and that smaller models performed better than the larger base model. As sentences became longer, VALHALLA’s performance over other methods grew, which the researchers attributed to the addition of more ambiguous words. In cases where part of the sentence was masked, VALHALLA could recover and translate the original text, which the team found surprising.

Further unexpected findings arose: “Where there weren’t as many training [image and] text pairs, [like for under-resourced languages], improvements were more significant, which indicates that grounding in images helps in low-data regimes,” says Kim. “Another thing that was quite surprising to me was this improved performance, even on types of text that aren’t necessarily easily connectable to images. For example, maybe it’s not so surprising if this helps in translating visually salient sentences, like the ‘there is a red car in front of the house.’ [However], even in text-only [news article] domains, the approach was able to improve upon text-only systems.”

While VALHALLA performs well, the researchers note that it does have limitations, requiring pairs of sentences to be annotated with an image, which could make it more expensive to obtain. It also performs better in its ground domain and not the text-only news articles. Moreover, Kim and Panda note, a technique like VALHALLA is still a black box, with the assumption that hallucinated images are providing helpful information, and the team plans to investigate what and how the model is learning in order to validate their methods.

In the future, the team plans to explore other means of improving translation. “Here, we only focus on images, but there are other types of a multimodal information — for example, speech, video or touch, or other sensory modalities,” says Panda. “We believe such multimodal grounding can lead to even more efficient machine translation models, potentially benefiting translation across many low-resource languages spoken in the world.”


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Release – Tonix Pharmaceuticals Announces Presentation of Licensed Antiviral Drug Technology at the 4th Symposium of the Canadian Society for Virology

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Tonix Pharmaceuticals Announces Presentation of Licensed Antiviral Drug Technology at the 4th Symposium of the Canadian Society for Virology

Research, News, and Market Data on Tonix Pharmaceuticals

Oral Presentation Describes Activity of Wnt/?-Catenin Signaling Pathway Inhibitors Against SARS-CoV-2 in Cell
Culture and in an Animal Model

CHATHAM, N.J., June 08, 2022 (GLOBE NEWSWIRE) — Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a clinical-stage biopharmaceutical company, today announced that Tom Hobman, Ph.D., Professor, Department of Cell Biology, University of Alberta, presented data from his laboratory at The University of Alberta as a keynote presentation at the 4th Symposium of the Canadian Society for Virology held in Edmonton, Alberta, Canada on June 5, 2022. The oral presentation titled, “The
virus-host Interface: A treasure trove of novel antiviral targets,” includes research sponsored by Tonix Pharmaceuticals focused on the development and testing of Wnt/?-Catenin signaling pathway inhibitors as broad-spectrum antivirals against SARS-CoV-2 and other emerging viruses. Tonix has previously announced that it exercised an option to license the antiviral technology platform A copy of the presentation is available on the Tonix Pharmaceuticals corporate website at www.tonixpharma.com.

“We are excited by the progress of Professor Hobman and his colleagues at The University of Alberta on the further testing of Wnt/?-Catenin signaling pathway inhibitors as broad-spectrum antivirals,” said Seth Lederman, M.D., President and Chief Executive Officer of Tonix. “Professor Hobman presented data showing that three different Wnt/?-Catenin inhibitor drug candidates decreased lung infection in an animal model of SARS-CoV-2 infection. The set of Wnt/?-Catenin inhibitors tested by Professor Hobman include drugs that have been previously studied in humans for other indications including one drug that is FDA approved. Professor Hobman believes that reducing ?-Catenin levels with Wnt-inhibitor drugs induces peroxisome proliferation and enhances the interferon response. Previously, SARS-CoV-2 was shown to be sensitive to inhibition by interferon2. Professor Hobman reported that Wnt/?-Catenin inhibitor and peroxisome inducing drugs also inhibit Zika virus (ZIKV) and Mayaro (MAYV) virus in cell culture. Tonix is excited to have sponsored Professor Hobman’s research involving Wnt/?-Catenin signaling pathway inhibitors as broad-spectrum antivirals and to have licensed the technology. We look forward to working with Professor Hobman to try to bring one or more of these candidate drugs to clinical testing.”

About Tonix
Pharmaceuticals Holding Corp.1

Tonix is a clinical-stage biopharmaceutical company focused on discovering, licensing, acquiring and developing therapeutics to treat and prevent human disease and alleviate suffering. Tonix’s portfolio is composed of central nervous system (CNS), rare disease, immunology and infectious disease product candidates. Tonix’s CNS portfolio includes both small molecules and biologics to treat pain, neurologic, psychiatric and addiction conditions. Tonix’s lead CNS candidate, TNX-102 SL (cyclobenzaprine HCl sublingual tablet), is in mid-Phase 3 development for the management of fibromyalgia with a new Phase 3 study launched in the second quarter of 2022 and interim data expected in the first quarter of 2023. TNX-102 SL is also being developed to treat Long COVID, a chronic post-acute COVID-19 condition. Tonix expects to initiate a Phase 2 study in Long COVID in the second quarter of 2022. TNX-1300 (cocaine esterase) is a biologic designed to treat cocaine intoxication that is expected to start a Phase 2 trial in the second quarter of 2022. TNX-1300 has been granted Breakthrough Therapy Designation by the FDA. Finally, TNX-1900 (intranasal potentiated oxytocin), a small molecule in development for chronic migraine, is expected to enter the clinic with a Phase 2 study in the second half of 2022. Tonix’s rare disease portfolio includes TNX-2900 (intranasal potentiated oxytocin) for the treatment of Prader-Willi syndrome. TNX-2900 has been granted Orphan-Drug Designation by the FDA. Tonix’s immunology portfolio includes biologics to address organ transplant rejection, autoimmunity and cancer, including TNX-1500 which is a humanized monoclonal antibody targeting CD40-ligand being developed for the prevention of allograft and xenograft rejection and for the treatment of autoimmune diseases. A Phase 1 study of TNX-1500 is expected to be initiated in the second half of 2022. Tonix’s infectious disease pipeline consists of a vaccine in development to prevent smallpox and monkeypox called TNX-801, next-generation vaccines to prevent COVID-19, and a platform to make fully human monoclonal antibodies to treat COVID-19. Tonix’s lead vaccine candidates for COVID-19 are TNX-1840 and TNX-1850, which are live virus vaccines based on Tonix’s recombinant pox live virus vector vaccine platform.

1All of Tonix’s
product candidates are investigational new drugs or biologics and have not been approved
for any indication.
2Lokugamage, K. G. et al., (2020). Journal of
virology, 94 (23), [e01410]. https://doi.org/10.1128/JVI.01410-20

This press release and further information about Tonix can be found at www.tonixpharma.com.

Forward
Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on Tonix’s current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks related to the failure to obtain FDA clearances or approvals and noncompliance with FDA regulations; delays and uncertainties caused by the global COVID-19 pandemic; risks related to the timing and progress of clinical development of our product candidates; our need for additional financing; uncertainties of patent protection and litigation; uncertainties of government or third party payor reimbursement; limited research and development efforts and dependence upon third parties; and substantial competition. As with any pharmaceutical under development, there are significant risks in the development, regulatory approval and commercialization of new products. Tonix does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in the Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission (the “SEC”) on March 14, 2022, and periodic reports filed with the SEC on or after the date thereof. All of Tonix’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof.

Contacts

Jessica Morris
(corporate)
Tonix Pharmaceuticals
investor.relations@tonixpharma.com

(862) 799-8599

Olipriya Das,
Ph.D. (media)
Russo Partners
Olipriya.Das@russopartnersllc.com

(646) 942-5588

Peter Vozzo
(investors)
ICR Westwicke
peter.vozzo@westwicke.com

(443) 213-0505

 

Source: Tonix Pharmaceuticals Holding Corp.


Gevo (GEVO) – Stock hit hard on equity offering

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Tuesday, June 07, 2022

Gevo (GEVO)
Stock hit hard on equity offering

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.

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

Gevo announces offering. The company has entered into an agreement with several institutional investors to sell 33,333,336 shares of common stock at a $4.50 per share, the approximate previous closing price, with accompanying warrants exercisable at $4.37 per share.  The offering will generate $150 million in proceeds, which will be used to fund projects including the Net Zero-1 Plant that will break ground in 2022 and cost $900 million and two years to construct.

Shares fall some 33% on the announcement. The offering should not come as a complete surprise given the large capital expenditures the company is about to undertake. Still, some investors might have found the offering premature given Gevo’s current cash position of $430 million and an operating cash burn of only $20 million. …

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. 

Ayala Pharmaceuticals (AYLA) – AL101 ACCURACY Trial Data Presented At ASCO

Posted on by Admin

Tuesday, June 07, 2022

Ayala Pharmaceuticals (AYLA)
AL101 ACCURACY Trial Data Presented At ASCO

Ayala Pharmaceuticals, Inc. is a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare and aggressive cancers, primarily in genetically defined patient populations. Ayala’s approach is focused on predicating, identifying and addressing tumorigenic drivers of cancer through a combination of its bioinformatics platform and next-generation sequencing to deliver targeted therapies to underserved patient populations. The company has two product candidates under development, AL101 and AL102, targeting the aberrant activation of the Notch pathway with gamma secretase inhibitors to treat a variety of tumors including Adenoid Cystic Carcinoma, Triple Negative Breast Cancer (TNBC), T-cell Acute Lymphoblastic Leukemia (T-ALL), Desmoid Tumors and Multiple Myeloma (MM) (in collaboration with Novartis). AL101, has received Fast Track Designation and Orphan Drug Designation from the U.S. FDA and is currently in a Phase 2 clinical trial for patients with ACC (ACCURACY) bearing Notch activating mutations. AL102 is currently in a Pivotal Phase 2/3 clinical trials for patients with desmoid tumors (RINGSIDE) and is being evaluated in a Phase 1 clinical trial in combination with Novartis’ BMCA targeting agent, WVT078, in Patients with relapsed/refractory Multiple Myeloma. For more information, visit www.ayalapharma.com.

Robert LeBoyer, Vice President, Research Analyst, Life Sciences , Noble Capital Markets, Inc.

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

AL101 Responders Had Significantly Improved Survival.   Ayala Pharmaceuticals presented data from the Phase 2 ACCURACY trial testing AL101 in recurrent or metastatic adenoid cystic carcinoma (ACC), a rare tumor of the secretory glands.  AL101 is an inhibitor of gamma secretase, an enzyme that activates the NOTCH signaling pathway.  Tumors that have mutations in the NOTCH pathway are associated with a more aggressive course of disease and poor outcomes.  About 20% of the ACC tumors have NOTCH mutations.

Data Included High and Low Dose Cohorts.  The presentation included a data update from the first cohort receiving the low dose (4mg) and the second cohort receiving the high dose (6mg).  The study enrolled 87 patients, with 77 evaluable.  The 4mg cohort showed a 70.7% disease control rate, with 56% showing evidence of tumor regression.  There were 6 (14.6%) partial responses and 23 (56.1%) with stable disease.  The 6mg cohort showed 66.7% disease control, with 36% showing evidence of tumor regression.  In this group, 3 (8.8%) patients showed partial responses and 21 (58.3%) showed stable disease. …

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. 

TAAL Distributed Information Technologies (TAALF) – Results Below Expectations in Challenging Crypto Market

Posted on by Admin

Tuesday, June 07, 2022

TAAL Distributed Information Technologies (TAALF)
Results Below Expectations in Challenging Crypto Market

TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BitcoinSV platform, and developing, operating, and managing distributed computing systems for enterprise users.

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.

1Q22 Results. TAAL reported first quarter 2022 revenue of $8.7 million, up from $0.9 million in the year ago quarter but down from 4Q21 of $14.7 million. The sharp drop is due to the difficult operating conditions in the crypto market, including both declining values and reduced trade volumes. We had projected revenue of $12 million. TAAL reported a net loss of $12.7 million, or $0.33 per share, mostly driven by a sharp increase in non-cash share-based payments. We had estimated a net loss of $700,000, or $0.02 per share.

Operating Environment. Declining prices and lowered volumes as a result of overall economic conditions have pushed expected operating growth to the right. BSV is currently selling for about $58, down from $121 at the beginning of the year. Total crypto volume declined to $2.25 trillion in the quarter, down from $3.73 trillion in the fourth quarter….

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. 

Release – Japan Airlines Enters into New Fuel Sales Agreement with Gevo for 5.3 Million Gallons of Sustainable Aviation Fuel Per Year Over Five Years

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Japan Airlines Enters into New Fuel Sales Agreement with Gevo for 5.3 Million Gallons of Sustainable Aviation Fuel Per Year Over Five Years

Research, News, and Market Data on Gevo


ENGLEWOOD, Colo., June 07, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with Japan Airlines Co., Ltd. (JAL). The Agreement outlines the details for the purchase of 5.3 million gallons per year of sustainable aviation fuel (SAF) for five years with deliveries expected to begin in 2027.

JAL is a member of oneworld® Alliance, and this Agreement falls within the purview of a memorandum of understanding (MoU) that 
oneworld and Gevo signed in March 2022, laying the groundwork for the associated world-class airlines in the Alliance to purchase up to 200 million gallons of SAF from Gevo’s commercial operations. The agreement with JAL will further enhance Gevo’s global footprint for its sustainable fuel products, and also supports Gevo’s efforts in pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030.

“Our sustainable aviation fuel is a drop-in fuel that delivers renewable energy where it’s needed,” said Dr. Patrick R. Gruber, Gevo’s Chief Executive Officer. “Our process is a model of efficiency, designed to allow the same acre of farmland to produce SAF from corn using atmospheric carbon while simultaneously adding high-value nutritional products to the food chain.”

Gevo uses the Argonne GREET® model established by Argonne National Laboratory with the support of the U.S. Department of Energy to measure greenhouse gas emissions. Argonne GREET provides an accurate lifecycle inventory of carbon and leverages the decarbonizing impact of sustainable agriculture and fuel-production practices. Gevo’s Net-Zero business systems are expected to reduce greenhouse-gas emissions to net-zero over the entire lifecycle of each gallon of advanced renewable fuel produced, including its SAF, and that includes the emissions resulting from burning the fuel in engines to power transportation.

As the airline industry has worked to reduce carbon dioxide emissions by cutting the quantity of fuel used, JAL and other oneworld members acknowledge that, to achieve further reductions in emissions going forward, they need to change the fuels, too, and expect that the use of SAF will become widespread toward 2030 and on. JAL and oneworld have the common ultimate goal of net-zero emission by 2050, with an intermediate target of replacing 10% of conventional jet fuel to SAF by 2030, and Gevo is a vital part of achieving that goal.

“JAL sees the value in reducing its dependence on fossil fuels while still being able to continue to use its existing aircraft,” says Gruber. “Our agreement will empower the company to achieve carbon-emissions reductions now as it explores other technologies to manage its energy transition.”

The agreement with JAL is subject to certain conditions precedent, including Gevo developing, financing and constructing one or more production facilities to produce the SAF contemplated by the agreement.

About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have the potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI. Learn more at Gevo’s website: www.gevo.com

About Japan Airlines
Japan Airlines (JAL) was founded in 1951 and became the first international airline in Japan. A member of the oneworld® alliance, the airline now reaches 349 airports in 52 countries and regions together with its codeshare partners with a modern fleet of 230 aircraft. JAL Mileage Bank (JMB), the airline’s loyalty program, is one of the largest mileage programs in Asia. Awarded as one of the most punctual major international airlines and a certified 5-Star Airline by Skytrax, JAL is committed to providing customers with the highest levels of flight safety and quality in every aspect of its service, and one of the most preferred airlines in the world. Learn more about Japan Airlines here: https://www.jal.com/en/

Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the agreement with JAL, Gevo’s ability to develop, finance and construct one or more production facilities to produce the SAF contemplated by the agreement with JAL, the timing of Gevo producing the SAF for JAL, Gevo’s estimate of the future revenue from the agreement with JAL, Gevo’s technology, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Media Contact
Heather L. Manuel
+1 303-883-1114
IR@gevo.com


Release – Defense Metals Commences 2022 Wicheeda Rare Earth Element Deposit Pit Slope Geotechnical, Resource Delineation And Exploration Diamond Drill Program

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Defense Metals Commences 2022 Wicheeda Rare Earth Element Deposit Pit Slope Geotechnical, Resource Delineation And Exploration Diamond Drill Program

News, and Market Data on Defense Metals

VANCOUVER, BC, June 7, 2022 /CNW/ – Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce the commencement of diamond drilling at its Wicheeda Rare Earth Element (REE) deposit. The Company plans to complete up to 5,000 metres of diamond drilling designed to further delineate existing resources, assess near deposit exploration targets, collect geotechnical and hydrogeological drilling for the purpose of optimization of open pit slope design, and generate additional REE mineralized material for continued metallurgical testwork.

The 2022 Wicheeda REE diamond drill campaign is expected to include up to 1,500 metres of pit geotechnical and hydrogeological drilling, 1,500 metres of further resource delineation and near resource exploration drilling, and up to 2,000 metres of 8.5 cm diameter PQ core for continued metallurgical testing (Figure 1).

The 2022 drill program has commenced from existing drill pads prepared during 2021 in the northern area of the Wicheeda REE Deposit that returned some of the highest grade x width intercepts of the 2021 drilling (Figure 2). Drill holes WI21-33 and WI21-40 yielded 3.79%
TREO over 150 metres; including 4.77% TREO over 60 metres1 that extends 80 metres beyond the current mineral resource and 40 metres beyond the constraining pit shell. This higher-grade interval includes 
12 metres averaging 8.06% TREO1 from 84 to 96 metres downhole, which contained the highest single (3 metre) combined neodymium-praseodymium (Nd-Pr) oxide assay value to date on the Wicheeda Project of 1.41% Nd-Pr Oxide at 10% TREO2.

North area drilling will be followed by near resource exploration drilling immediately west of the Wicheeda Deposit targeting combined REE in soil geochemical and radiometric anomalies in the vicinity of historical 2009 exploration holes that revealed visual indication of potential REE mineralization when recently reviewed by the Defense Metals technical team.

As previously announced the Company has retained SRK Consulting (Canada) Inc. (“SRK“) to assist with planning and executing geotechnical drilling investigations (see
the Defense Metals News Release dated May 24, 2022). Senior SRK engineering personnel are expected to conduct a two-day field site visit to Wicheeda to conduct bedrock and structural mapping, view drill core, and establish geotechnical data collection protocols, testing, and instrumentation installation procedures.

Luisa Moreno, President, and Director of Defense Metals commented: “Defense Meal
is excited to once again get back to drilling at Wicheeda. Given the success of
last years 5,349 metre diamond drill program, we look forward to continuing to
define the Wicheeda Deposit, in particular the high grade north area, testing
near resource exploration targets, and commencing our pre-feasibility level
geotechnical studies. As announced last week, metallurgical optimizations
continue at pace at the SGS Lakefield site, and we look forward to releasing
results of that testwork as information becomes available.”

_______________________

1

The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

2

See Defense Metals news release dated March 15, 2022.

Figure 1. Wicheeda REE Deposit Cross Section and 2021 Drilling Results (CNW Group/Defense Metals Corp.)

Figure 2. Wicheeda REE Deposit North Area Cross Section (CNW Group/Defense Metals Corp.)

About the Wicheeda REE
Property

The 100% owned 2,008-hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway, and major highways.

The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR3. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

_______________________

3

Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein.

About Defense
Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

For further
information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd. 
Vice President, Investor Relations 
Tel: (778) 994 8072
Email: 
todd@blueskycorp.ca

Neither the 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 news release.

Cautionary Statement
Regarding “Forward-Looking” Information

This news release contains “forward?looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, drill results including anticipated timeline of such results/assays, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, completion of metallurgical optimizations and the results of that testwork, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law.

 

SOURCE Defense Metals Corp.


SEC Pokes Fun at Investors, Draws Controversy

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Source: U.S. Securities and Exchange Commission (YouTube)


SEC’s Controversial Game Show Themed Education Campaign

The Securities and Exchange Commission (SEC) is accustomed to upsetting issuers and investors alike. The Commission, of course, exists to benefit both with its stated mission: Protect investors and maintain fair orderly, and efficient markets. Does this include making fun of investors or even what some view as shaming? Some self-directed investors are lashing back.

The office of Investor Education and Advocacy has unveiled a game show-themed campaign to help investors make informed investment decisions and avoid fraud. The campaign has been met by market watchers and self-directed investors at all levels, criticizing the SEC’s approach and insensitivity.

The campaign titled Investomania features a 30-second TV spot and 15-second informational videos on crypto assets, margin calls, guaranteed returns, and interactive quizzes. Its stated intent is to reach existing, new, and future investors of all ages. Believing that, at times, investing may look and feel like a game, the creators of the campaign chose a game show theme. The videos are to remind investors to do their research when making investment decisions.


Source: U.S. Securities and Exchange Commission (YouTube)

The campaign encourages investors to know what they are investing in, and get information from trustworthy sources to understand the risks before investing. This is age-old advice. The campaign also reminds investors to take advantage of the free financial planning tools and information on Investor.gov, the SEC’s resource for investor education.

It would seem from reactions on Twitter that the video campaign is viewed as derogatory. This is reflected in tweets from accounts like @ApesTogetherStrongDoc, which tweeted a nine post string which began: “Memestocks”
is a term we, along with so many of us, are guilty of using. It’s fun, calls
attention to the subversive side of all of this, but as we’ve seen with the
@SECGov’s video today, the term has entered the collective lexicon as a catcall…”


Image: Second of 9 in string of tweets by @ApesTogetherDoc

And it isn’t just the r/wallstreetbets, Stocktwits, and Reddit investment communities that are crying foul. A former Branch Chief of the SEC expressed her disappointment and even challenged the SEC chairman to clean up and educate investors in areas where she feels the Commission is lacking.


Image: Tweets by @LisaBraganca

From the SEC’s standpoint, taken from a press release dated June 2, Chair Gary Gensler is quoted as saying, “With the growing access to markets, it’s as important as ever for investors to take time to educate themselves. I encourage investors to go to Investor.gov for accurate and unbiased investment information.” In the same release, Lori Schock, Director of the SEC’s Office of Investor Education and Advocacy said about the campaign, “We continue to look for creative and memorable ways to reach and educate investors, and we hope this year’s public service campaign, with its lighthearted approach, will attract the attention of all kinds of investors.”

 

More On the SEC’s Videos

The campaign has been made available on YouTube. In one 30-second “TV” spot a game show host asks two contestants to pick a square on a video game board with investment options including internet rumors, celebrity endorsements, stock tips from your uncle, crypto to the moon, FOMO, meme stocks, tulip bulbs, guaranteed returns, and timing the market. The video is intended to show investors the consequences of their investment decisions and to help investors understand the importance of protecting themselves when making investment decisions. After the contestants make their choice, the video pokes fun at the contestant’s choice if it doesn’t involve solid due diligence.

The 15-second videos contain three categories. In the video covering cryptocurrency speculation, a celebrity encourages investors to take their advice and buy crypto-assets. The video is intended to remind investors not to be tempted by celebrity endorsements, and instead do their own independent research. There is another video related to investing on margin; its intent seems to be to tell investors that borrowing money to invest can be very risky. Another video is titled Easy Money.  This video reminds investors that there are no guaranteed financial returns on investments and that every investment, no matter how good it may sound, has a risk.

Take-Away

A well-intentioned education campaign by the SEC seems to have turned off a large population it had intended to help. While prudence, research, and understanding of risk are basic tenets of investing, the approach used in this campaign may be less than effective.

Let us know what you think by visiting this article posted on our Twitter account (@channelchek) and tweeting your thoughts, while there, please follow us to stay in touch.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://www.sec.gov/news/press-release/2022-95

https://www.youtube.com/watch?v=L3TwZOMm6Wc

https://www.investor.gov/additional-resources/spotlight/investomania

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Release – Harte Hanks set to join Russell Microcap Index

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Harte Hanks set to join Russell Microcap® Index

Research, News, and Market Data on Harte Hanks

CHELMSFORD, Mass. , June 7, 2022 /PRNewswire/ — Harte Hanks,
Inc. (NASDAQ: HHS), a global customer experience company, is set to join the Russell Microcap® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27 , according to a preliminary list of additions posted June 3 .

Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Harte Hanks CEO, Brian Linscott , commented: “Being added to the Russell Microcap index, just a few months after returning to a national exchange with our NASDAQ uplisting, represents the culmination of our turnaround. This achievement should expand our visibility and liquidity, exposing Harte Hanks to index-focused investors.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Harte
Hanks:

Harte Hanks (NASDAQ: HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers.

Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world’s premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony, and IBM among others. Headquartered in Chelmsford, Massachusetts , Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific .

For more information visit 
hartehanks.com

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com .

As used herein, “Harte Hanks” or “the Company” refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks’ logo and name are trademarks of Harte Hanks.

Cautionary Note
Regarding Forward-Looking Statements:

Our press release and related earnings conference call contain “forward-looking statements” within the meaning of U.S. federal securities laws. All such statements are qualified by this cautionary note, provided pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Statements other than historical facts are forward-looking and may be identified by words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “seeks,” “could,” “intends,” or words of similar meaning. These forward-looking statements are based on current information, expectations and estimates and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from what is expressed in or indicated by the forward-looking statements. In that event, our business, financial condition, results of operations or liquidity could be materially adversely affected and investors in our securities could lose part or all of their investments. These risks, uncertainties, assumptions and other factors include: (a) local, national and international economic and business conditions, including (i) the outbreak of diseases, such as the COVID-19 coronavirus, which has curtailed travel to and from certain countries and geographic regions, created supply chain disruption and shortages, disrupted business operations and reduced consumer spending, (ii) market conditions that may adversely impact marketing expenditures, (iii) the impact of the Russia / Ukraine conflict on the global economy and our business, including impacts from related sanctions and export controls and (iv) the impact of economic environments and competitive pressures on the financial condition, marketing expenditures and activities of our clients and prospects; (b) the demand for our products and services by clients and prospective clients, including (i) the willingness of existing clients to maintain or increase their spending on products and services that are or remain profitable for us, and (ii) our ability to predict changes in client needs and preferences; (c) economic and other business factors that impact the industry verticals we serve, including competition and consolidation of current and prospective clients, vendors and partners in these verticals; (d) our ability to manage and timely adjust our facilities, capacity, workforce and cost structure to effectively serve our clients; (e) our ability to improve our processes and to provide new products and services in a timely and cost-effective manner though development, license, partnership or acquisition; (f) our ability to protect our facilities against security breaches and other interruptions and to protect sensitive personal information of our clients and their customers; (g) our ability to respond to increasing concern, regulation and legal action over consumer privacy issues, including changing requirements for collection, processing and use of information; (h) the impact of privacy and other regulations, including restrictions on unsolicited marketing communications and other consumer protection laws; (i) fluctuations in fuel prices, paper prices, postal rates and postal delivery schedules; (j) the number of shares, if any, that we may repurchase in connection with our repurchase program; (k) unanticipated developments regarding litigation or other contingent liabilities; (l) our ability to complete anticipated divestitures and reorganizations, including cost-saving initiatives; (m) our ability to realize the expected tax refunds; and (n) other factors discussed from time to time in our filings with the Securities and Exchange Commission, including under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021 which was filed on March 21, 2022. The forward-looking statements in this press release and our related earnings conference call are made only as of the date hereof, and we undertake no obligation to update publicly any forward-looking statement, even if new information becomes available or other events occur in the future.

Investor Relations
Contact:

Rob Fink
FNK IR
HHS@fnkir.com
646-809-4048

SOURCE Harte Hanks, Inc.

Help Understanding if Gevo’s Tank is Half Full or Half Empty

Posted on by Admin 

Image Credit: The Noun Project (Flickr)


Investors are Not Alone Interpreting Surprise Stock Moves and Future Direction

During periods of rising stock market prices, investors often overreact to positive news on a company while ignoring negative. Similarly, when markets are faced with an ongoing negative mood, investors are quicker to hit the sell button. When Investors all try to rush through the gate at the same time, either buying or selling, creates a sharp move that typically shows it was overdone and reverses at least somewhat. There is no guarantee of a reversal or so-called bounce, but anyone involved in the market has seen it often enough to know it happens; knowing where the high or low will be before any turnaround is what makes investing or trading tricky.

On Monday (June 6), investors observed that Gevo (GEVO), which is popular among renewable liquid hydrocarbon fuel investors and ESG rated stocks, reacted negatively to an announced capital raise. The raise involved issuing shares rather than non-equity or other non-dilutive alternatives.

The specifics of the agreement with various institutions is to sell 33,333,336 shares of common stock at a $4.50 per share, the approximate previous closing price. The shares would also have warrants exercisable at $4.37 per share. The offering is expected to provide $150 million in proceeds to the company. The bulk of the raise can be considered for investment as projects, including the Net Zero-1 Plant that will break ground this year are expected to cost $900 million.

On the day of the announcement, the company stock dropped over 30%, and despite newer news items related to Gevo, including Japanese Airlines entering into a contract to purchase fuel, or the collaboration with Google Cloud to enhance Gevo’s bio-fuel analysis by helping to measure and verify the efficacy of its biofuels via full lifecycle sustainability data tracking, investors are not yet showing that they are impressed.


Source: Koyfin

There are more companies that are not mentioned by the primary news outlets than those that are. When one of these companies makes an announcement and the discussion is sparse, it may be time to evaluate your own thoughts, maybe crunch your own numbers, and peruse research reports from those that know the company extremely well and are experts in the industry. This is how value can, at times, be uncovered. While everyone else is reading the same rehashed headline, digging into an expertly written research note by an analyst that covers the company can help shed light on what others may be missing. Or to validate or invalidate one’s own understanding of pros and cons.

Gevo is a company with equity research coverage by analysts at Noble Capital Markets, this research is published and downloaded by institutions via expensive subscription services such as Bloomberg terminals and Factset, these services aren’t practical for the average individual investor. But the same research is also available at no cost to subscribers of Channelchek.

A research report on Gevo was published and emailed this morning to Channelchek subscribers. 

Time will tell if the sell-off was and is an overreaction. But the stock is currently trading at $3.03, down another half percentage point from yesterday’s close after falling over 30%. In the research note titled: Stock
Hit Hard on Equity Offering, Michael Heim, CFA, Senior Research Analyst wrote, “The shares of Gevo will most likely be volatile over the next few years until plants have been constructed and are generating cash.” He continued, “Investors should maintain a long-term perspective and focus on construction progress and not short-term stock price volatility. As such, we see recent weakness as a buying opportunity and maintain our Outperform rating and $16 price target.”

Get the
Report

The research note contained other information and thoughts not found in traditional media and not permitted in an SEC-registered company press release. Further, previous research reports on the company are also available for deeper insight.

Take Away

Once again, time will tell where Gevo, or any other stock that has made a sharp move, is trading in a month, a year, or even five years, but having another set of expert eyes and knowledgeable insight helps an investor sort through any big reaction to news that is sparsely reported on by financial outlets that tend to focus on the same dozen companies. They simply don’t dig into smaller stocks that are moving.

Paul Hoffman

Managing Editor, Channelchek

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https://www.channelchek.com/company/GEVO/research-report/3699

www.koyfin.com

https://investors.gevo.com/news-releases/news-release-details/collaboration-googlecloud-gevo-measure-and-verify-carbon

https://investorplace.com/2022/06/gevo-stock-plunges-on-150m-securities-offering-news/

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