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What Can We Learn from Previous Market Crashes?

Posted on by Admin 



Image Credit: Pixabay (Pexels)


Previous Stock Market Crashes Can Teach Us When to Slow Down and When to Speed Up

A significant and usually abrupt decline in the value of the broader stock market is referred to as a stock market crash. There is no standard definition that uses measurements such as a decline over time ratio, or percentage decline from the most recent high. But like most crashes, you don’t see it coming until it is nearly unavoidable. The word capitulation is sometimes used; this refers to the main ingredient of most crashes, panic-selling by investors who want to stop experiencing new losses. Understanding what happened in the past could help to make investors more likely to recognize any trouble in the road ahead.

A stock market crash is usually quicker than the recovery from the setback. Recovery, historically, has taken months in some cases and over a decade in others.

Crash Math

Here is some crash math that stock market investors should know.

The percentage you will need after your stock sinks to return to the same level is a higher percentage than the percent the stock declined. For some, this may seem basic, but I know for others, it takes a bit to wrap your head around.

This could help with understanding why.  A portfolio loss is based on a higher amount, and the recovery is based on a lower amount. If your portfolio is valued at $10,000 and it drops 50%, it is now worth $5,000. A 50% gain on $5,000 will only add $2,500 to your value. The underlying stocks in the portfolio will have to recover 100% for the portfolio to be made whole on its 50% decline. 

Recognized Crashes

Here is a quick understanding of some of U.S. history’s most notable crashes.

1929 – The stock market crash that is tied to the Great Depression is considered to be the worst stock crash in history. It began in 1929 after a long period of expansion (roaring twenties). During the twenties, the economy expanded significantly and the stock market boomed.

The 30 stocks in the Dow Jones Industrials rose from 63 points in August 1921, to 381 points by September 1929. The Dow started to descend from its peak on Sept. 3 and continued through the month and into October. On October 28 and October 29, the fall accelerated. The market on the 28th, Black Monday, fell 13%. It went down by another 12% on Tuesday.

By mid-November, 1929, the Dow had lost about half its value. The Dow continued to slide until the summer of 1932. The Dow Industrials bottomed out at 41 points or 89% below its peak. It then took 22 years to regain its pre-crash value.

A primary factor leading to the 1929 stock market crash was excessive leverage. Many individual investors and investment trusts had become comfortable buying stocks on margin and more fully benefitting from the growth of the market. For those using leverage, it meant they paid only 10% of the value of a stock to acquire it under the terms of a loan agreement. Consumers had also become accustomed to using debt to make purchases. When the late 20s debt bubble burst, it exacerbated the most famous stock market and economic crash in history.

1987 –  On a different Black Monday in the late 1980s the Dow Jones Industrial Average plunged by nearly 22%. Black Monday, as the day is now known, marks the biggest single-day decline in stock market history. It occurred on October 18, but the remainder of the month was also quite weak. By the start of November 1987, most of the major stock market indexes had lost more than 20% of their value.

There is no single event that caused the stock market to crash in 1987. There were some warning signs of excesses, economic growth had slowed, inflation was ticking up, and a strong dollar was hurting U.S. exports. Stock valuations had reached excessive levels, with the overall market’s price-earnings ratio above 20 while future estimates for earnings were trending lower. These are enough signs that something had to give way.

Computerized trading was growing at this time, and this was known to have created wider daily swings in prices than people had been accustomed to. Whether deserved or not, many accounts say program trading was the primary cause of this event.

Since there was no pervasive economic problem that caused the October 1987 route, market participants soon came back and drove prices higher in November. The market reached its pre-crash level two years later in September 1989.

1999/2000 – The values of internet-based stocks rose significantly through the 1990s. This caused technology-dominated Nasdaq to rise from 1,000 points in 1995 to more than 5,000 in 2000. After some concern surrounding getting past Y2K without a computer glitch, in early 2001, the dot-com bubble began to burst. Nasdaq peaked at 5,048.62 points on March 10. The index kept falling throughout the following months until it reached 1,139.90, or 76.81% lower by Oct. 4, 2002.

The explanation for this crash was overvalued internet stocks. It seemed as though everyone suddenly became an investor and had advice on internet stocks. Investors, including first-timers, speculated that dot-com companies, even those without revenues, would all one day become extremely profitable. As a result, they poured money into the sector, including fledgling fund companies which made it easier to be an investor. This bubble burst when the Federal Reserve tightened its monetary policy. The Nasdaq later took 15 years to regain its peak.

 

2008 – Have you read the book or seen the movie “The Big Short?” Author Michel Lewis did a great job explaining the mortgage bust and its ties to the stock market crash. Here it is, in four paragraphs, and with no mention of someone I follow, Dr. Michael Burry.

The U.S. government during 1999, thought it could make houses more accessible to those with low credit ratings and less money to spend on down payments than lenders typically required. Using agencies chartered by Congress, such as Federal National Mortgage Association (FNMA/Fannie Mae) these would-be homeowners, or subprime borrowers, as they were called, were offered mortgages with payment terms, such as higher interest rates, balloon maturities, and other variable payment schedules, that served to get them in the door.

In economics, nothing happens in a vacuum, and increased mortgage availability causes an increased demand for homes by both previously ineligible borrowers and investors. This created bubble-level growth in mortgage originations and home sales. The demand for homes drove up home values which consumers used to take out second mortgages to upgrade their lives with the equity available in their property.

In corporate America, companies looking to capitalize on opportunities available by a growing economy also took on additional debt. Financial institutions, similarly, used cheap borrowings as leverage to double down on growing lines of business. One of these growing lines was consumer lending.

The easy mortgage money and borrowing on abundant equity caused many assets, including stocks, to rise. But the subprime mortgages were quietly becoming delinquent. And much of this debt was reengineered into SEC-registered securities so that investors could invest in the growing debt. Then things that had been going sour for a little while began impacting large Wall Street firms. The news came out that Bear Stearns could not cover its losses linked to subprime mortgages – still, stocks rose, reaching a high on October 9, 2007; almost a year later, in September of 2008, the major stock indexes had slid nearly 20%. The Dow Industrials reached its lowest point, which was 54% below its peak, on March 6, 2009.

2020 – A health concern that led to “shutting down global economies” caused a dramatic stock market crash earlier this decade. During the week of February 24, 2020, the Dow Jones and S&P 500 tumbled 11% and 12%, respectively, marking the biggest weekly declines to occur since the financial crisis of 2008. On March 12, the Dow Industrials declined by 9.99%, its largest one-day drop since Black Monday of 1987. Then it managed to replace its second-worst day with an even deeper 16% plunge on March 16.

The recovery from this crash was quick. The stock market rebounded back to its pre-pandemic peak by May of 2020. It’s widely viewed that credit for the rapid recovery can be given to an enormous amount of stimulus money, with the Federal Reserve slashing interest rates and injecting $1.5 trillion into markets and Congress passing a $2.2 trillion aid package at the end of March. The quickness to support the economy also served to buoy the stock market.

Take Away

Valid arguments can be made in favor of stocks rallying after a six-month organized decline to down 20%-25%, and a case can be made that what we have experienced foretells accelerating problems. Many ingredients exist that could favor either argument.

What is important to come away with is that within markets, when stock indexes are up, there is a high percentage of stocks that are moving down. And When indexes are down, there are many stocks still climbing and doing well. Stock selection is an important determinant of investing success.

To keep up with industries both weak and strong and what top analysts are saying about many companies with high potential to either grow or slide,
sign-up for Channelchek and stay informed.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://www.federalreserve.gov/pubs/feds/2007/200713/200713pap.pdf


https://goodreads.com/book/show/26889576-the-big-short 



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Element79 Gold Corp. (ELMGF) – Catalysts on the Horizon to Drive Shareholder Value

Posted on by Admin

Friday, July 08, 2022

Element79 Gold Corp. (ELMGF)
Catalysts on the Horizon to Drive Shareholder Value

Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and associated metals. Element79 Gold has acquired its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties, where it has recently completed a 43-101-compliant, pit-constrained mineral resource estimate reflecting an Inferred resource of 3.71 million ounces of gold equivalent* “AuEq” at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag)) with an effective date of Feb. 4, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which the Company is analyzing for further merit of exploration, along with the potential for sale or spin-out. In British Columbia, Element79 Gold has executed a Letter of Intent to acquire a private company which holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. In Peru, Element79 Gold has signed a letter of intent to acquire the business and assets of Calipuy Resources Inc., which holds 100% interest in the past-producing Lucero Mine, one of the highest-grade underground mines to be commercially mined in Peru’s history, as well as the past-producing Machacala Mine. The Company also has an option to acquire 100% interest in the Dale Property which consists of 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township.

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

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

Annual general meeting. At the recent annual general meeting, shareholders approved all business items, including the election of a new independent director, Mr. Shane Williams, COO of Skeena Resources Limited (NYSE: SKE, TSX: SKE). Previously, Mr. Williams served as a strategic advisor and offers an impressive record of senior executive experience and managing high-profile mining projects. Based on similarities between Skeena at its early stages and Element79 Gold today, we think his appointment will serve the company well.

Transformational acquisition closed. Element79 Gold recently closed the acquisition of two past-producing high-grade gold-silver mines in Peru, including the Lucero Mine, one of the highest-grade underground mines to be commercially mined in Peru’s history, and the Machala Mine. Operations were suspended at Machala in 1991 and Lucero in 2005 due to low gold and silver prices. Management believes Lucero has the potential to be a world class deposit and both mines offer the potential for near-term production….

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. 

Will Small-Cap Stocks Remain the Frontrunners?

Posted on by Admin 



Image Credit: Mark Bonica (Flickr)


The Case for Small-Cap Stocks Leading Out of the Dip Got Stronger

Was June 16 the market bottom? Some investors are cautiously optimistic. But, just like the question, “are we in a recession?” We will only know by looking in the rear view mirror miles down the road. Let’s presume for a moment that markets have bottomed. The Wall Street Journal wrote, “Shares of many small, U.S.-focused companies have raced ahead of the broader stock market in July. Some investors think that signals more room to run for small-capitalization companies, which can often be more agile and react more quickly to economic changes, including a recession. Below we look at the case the Journal makes, and add some other insight as to expected price action.

The broader markets gave up a lot of ground from the very first opening bell in 2022. As of the June 30 halfway point, the S&P 500 fell 21%, its worst first-half performance since 1970. The Russell 2000 index of small-cap companies fell 24%, its worst first half since launching in 1984. So far this month, the Russell 2000 is up 4.3%, while the S&P 500 is up 3.6%.

As with all broad indexes, the return is a deep mix of the overperformers and underperformers. Just yesterday the index was up 2.38% which included Clovis Oncology (CLVS) which traded higher by double digits, while another company in the index, WD-40 (
WDFC), was down double digits.

The move could be the beginning of a return to the more common pecking order for stock indexes ranked by large, and small-capitalization values. The small caps have been trailing, whereas historically the small stocks outperform.

The Journal indicated, “Small caps tend to be sensitive to fears of an economic slowdown, since they often generate the majority of their sales in the U.S., compared with large multinationals. Even though many investors and analysts remain nervous about the potential of a recession, some say that after a brutal first half, the group looks due for a rebound.”

Below are two measures of small-cap stock performance (VIOO and IWM) plotted against the Nasdaq and S&P 500 since the low for all of them this year (June 16).


Source: Koyfin

One reason some market analysts believe small caps could be staging a rebound is valuations. The S&P 600 index of small-capitalization companies is trading at around 11.3 times its next 12 months of expected earnings, while the S&P 500 is trading at around 16.2 times expected earnings. Investors searching for value will find a wider variety of cheaper stocks among smaller caps. The Journal quoted Jurrien Timmer, the director of global macro at Fidelity as saying, “I would argue that a lot of the bad news is probably already in small caps.” Timmer said that small caps, which peaked earlier than the broader market, might be poised to hit their bottom earlier too. He was alluding to The Russell 2000 having hit its peak in November, while the S&P 500 hit its record two months later, in January.

Jill Carey Hall, US equity strategist at Bank of America, told the Journal, “The only other time small caps were this cheap relative to large caps was during the height of the tech-bubble period.”

In a recent interview of Chuck Royce, Chairman and Portfolio Manager at  Royce Investment Partners, by Co-CIO Francis Gannon, Mr. Royce was asked: “What’s your current view on small-cap’s relative attractiveness versus large-cap?” In his response, he cautioned investors to avoid the temptation of being too comfortable with large caps. The reason given is that despite the dramatic decline in stocks in general, there hasn’t been a change in the undervaluation in small-caps relative to large. “Small-caps have averaged a 3% premium to large-caps over the past 20 years. At the end of June, however, small-caps were at a 20% discount, at their lowest relative valuation versus large-caps in more than 20 years,” explained Royce.

Take Away

There is no telling what markets will do tomorrow or the day after. We can only look back to gauge probabilities and expectations for the future – despite hearing over and over that “past performance is no indication of future results.” But by looking back, we can take the most basic statistical analysis, which is averages, and make projections. More specifically, the mean average or unweighted average. If we expect the various indexes to move toward or return to their mean average, we can make a better case than we have been able to in 20 years for the small-cap sector.

If you have an interest in small-cap stocks, arguably the best place to begin gathering data on small and microcap companies is Channelchek. Sign-up for free access to data for over 6,000 companies. Discover even more from current research on many of the companies written by analysts at Noble Capital Markets. By signing up you’ll receive the research and timely articles in your inbox each day. Sign-up
here.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://www.royceinvest.com/insights/small-cap-interview?utm_source=royce-mktg&utm_medium=email&utm_campaign=insights-interview&utm_content=button-2

https://www.wsj.com/articles/small-cap-stocks-are-starting-to-stage-their-comeback-11657272781?mod=hp_lista_pos2

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Release – Alvopetro Announces Multizone Discovery at 183-B1 Exploration Well and June 2022 Sales Volumes

Posted on by Admin



Alvopetro Announces Multizone Discovery at 183-B1 Exploration Well and June 2022 Sales Volumes

Research, News, and Market Data on Alvopetro Energy

CALGARY, AB, July 7, 2022 /CNW/ – Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) We are pleased to announce a multizone discovery on our 183-B1 exploration location.  We completed drilling the 183-B1 exploration well on our 100% owned and operated Block 183 in the Recôncavo basin and, based on open-hole wireline logs and fluid samples confirming hydrocarbons, the well has discoveries in multiple formations with a total of 34.3 metres of potential net hydrocarbon pay, with an average porosity of 10.6% and average water saturation of 29.0%.

 President and CEO, Corey Ruttan commented:

“Preliminary drilling results from both of our 2022
conventional exploration wells represent significant steps forward in our
organic growth strategy. Our gas processing facility expansion is nearly complete,
and we look forward to production testing our latest discovery at 183-B1 as
well as our earlier success at the 182-C1 location.  These tests will help
define the full development and production growth potential of these exciting
new discoveries.”

The 183-B1 well was spud on June 5, 2022 and drilled to a total measured depth (“MD”) of 2,917 metres. Based on open-hole logs and collected fluid samples, the 183-B1 well encountered multiple zones of interest with an aggregate 34.3 metres of potential net hydrocarbon pay, using a 6% porosity cut-off, 50% Vshale cut-off and 50% water saturation cut-off:

Candeias Formation

A 5.3-metre-thick sand in the Gomo member of the Candeias Formation was encountered at 2,578 to 2,583 metres total vertical depth, with 5.3 metres of potential net light oil pay, at an average 35.0% water saturation and average porosity of 15.7%.  A fluid sample was also collected with a dual packer wireline tool recovering 37.1-degree API oil with no water to surface from 2,580 metres depth at a formation pressure of 4,317 psi.

Agua Grande Formation

A 19.8 metre-thick Agua Grande Formation sand was encountered at 2,677 to 2,697 metres total vertical depth with 11.4 metres of potential net natural gas pay, at an average 25.5% water saturation and average porosity of 11.9%. Of the 11.4 metres of potential net natural gas pay, 2.6 metres were encountered within the upper Agua Grande section the Agua Grande Formation, at an average 18.5% water saturation and an average porosity of 17.2%.  A fluid sample was collected from this upper section at 2,679 metres with a dual packer wireline tool recovering dry natural gas and no water to surface at a formation pressure of 3,984 psi.

Sergi Formation

In the Sergi Formation, a 78.4 metre thick sand-dominated interval was encountered at 2,809 to 2,887 metres total vertical depth. Hydrocarbon shows were present throughout drilling the entire section. Open-hole logs indicate 17.5 metres of potential light oil pay at an average 29.4% water saturation and average porosity of 8.3%. A fluid sample was collected from this section during modular formation dynamic testing (“MDT”), confirmed by lab analysis, recovered 40.7-degree API oil and no water to surface from 2,822 metres depth with a formation pressure of 4,740 psi. Within the 78.4 metre Sergi interval there is an additional 29.9 metres of Sergi sand that experienced significant wellbore washouts with possible net pay that is expected to be validated through testing. As such, this 29.9-metre interval is currently being excluded from calculated potential net hydrocarbon pay. 

Based on these drilling results, we plan to undertake a multi-zone testing program of the 183-B1 well, subject to customary regulatory approvals and equipment availability. This additional testing will assess the extent, if any, of commercial hydrocarbons associated with the well, the productive capability of the well and will help define the field development plan. 

Operational Update

Our Caburé gas plant expansion is scheduled to be completed later in July. Following the expansion, our available processing capacity is expected to increase by 25% to at least 500,000 cubic metres per day (18 MMcfpd).

On our Murucututu project, we expect to commence commissioning of our field production facility at our 183(1) location later in July.  We have also commenced field installation of the pipeline extension to tie-in our 197(1) well and expect construction to be completed in approximately three months.

June Sales Volumes

June sales volumes averaged 2,480 boepd, including natural gas sales of 14.2 MMcfpd, associated natural gas liquids sales from condensate of 102 bopd and oil sales of 5 bopd, based on field estimates.  Our sales volumes averaged 2,359 boepd in the second quarter of 2022, consistent with sales volumes in the second quarter of 2021 and a decrease of 6% from the first quarter of 2022 due to our planned five-day shutdown in May scheduled to complete advance work for our gas plant expansion. 

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:

http://www.alvopetro.com/corporate-presentation. 

Social Media

Follow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergyInstagram – 
https://www.instagram.com/alvopetro/LinkedIn – 
https://www.linkedin.com/company/alvopetro-energy-ltdYouTube: https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w

Alvopetro Energy Ltd.’s vision is to become a
leading independent upstream and midstream operator in Brazil. Our
strategy is to unlock the on-shore natural gas potential in the state of Bahia
in Brazil,
building off the development of our Caburé natural gas field and our strategic
midstream infrastructure.

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.

All amounts contained in this new release are in United States dollars,
unless otherwise stated and all tabular amounts are in thousands of United States dollars,
except as otherwise noted.

Abbreviations:

boepd

             =             

barrels of oil equivalent (“boe”) per day

bopd

             =

barrels of oil and/or natural gas liquids (condensate) per day

MBOE

             =

thousands of barrels of oil equivalent

MMcf

             =

million cubic feet

MMcfpd

             =

million cubic feet per day

BOE Disclosure. The term barrels of oil
equivalent (“boe”) may be misleading, particularly if used in
isolation. A boe conversion ratio of six thousand cubic feet per barrel
(6Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. All boe conversions in this
news release are derived from converting gas to oil in the ratio mix of six
thousand cubic feet of gas to one barrel of oil.

Testing and Well Results.  Data obtained
from the 183-B1 well identified in this press release, including hydrocarbon
shows, open-hole logging, net pay and porosities, should be considered to be
preliminary until testing, detailed analysis and interpretation has been completed.
Hydrocarbon shows can be seen during the drilling of a well in numerous
circumstances and do not necessarily indicate a commercial discovery or the
presence of commercial hydrocarbons in a well. There is no representation by
Alvopetro that the data relating to the 183-B1 well nor the 182-C1 well
contained in this press release is necessarily indicative of long-term
performance or ultimate recovery. The reader is cautioned not to unduly rely on
such data as such data may not be indicative of future performance of the well
or of expected production or operational results for Alvopetro in the future.

Cautionary statements regarding the filing of a Notice of
Discovery. We have submitted a Notice of Discovery of Hydrocarbons to
the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (the
“ANP”) with respect to the 183-B1 well. All operators in Brazil are
required to inform the ANP, through the filing of a Notice of Discovery, of
potential hydrocarbon discoveries. A Notice of Discovery is required to be filed
with the ANP based on hydrocarbon indications in cuttings, mud logging or by
gas detector, in combination with wire-line logging. Based on the results of
open-hole logs, we have filed a Notice of Discovery relating to our 183-B1
well. These routine notifications to the ANP are not necessarily indicative of
commercial hydrocarbons, potential production, recovery or reserves.

Forward-Looking Statements and Cautionary Language. This
news release contains “forward-looking information” within the
meaning of applicable securities laws. The use of any of the words
“will”, “expect”, “intend” and other similar
words or expressions are intended to identify forward-looking information.
Forward?looking
statements involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not necessarily be
accurate indications of whether or not such results will be achieved. A number
of factors could cause actual results to vary significantly from the
expectations discussed in the forward-looking statements. These forward-looking
statements reflect current assumptions and expectations regarding future
events. Accordingly, when relying on forward-looking statements to make
decisions, Alvopetro cautions readers not to place undue reliance on these
statements, as forward-looking statements involve significant risks and
uncertainties. More particularly and without limitation, this news release
contains forward-looking information concerning potential hydrocarbon pay in
the 183-B1 well, exploration and development prospects of Alvopetro and the
expected timing of certain of Alvopetro’s testing and operational activities.
The forward?looking
statements are based on certain key expectations and assumptions made by
Alvopetro, including but not limited to expectations and assumptions concerning
testing results of the 183-B1 well and the 182-C1 well, equipment availability,
the timing of regulatory licenses and approvals, the success of future
drilling, completion, testing, recompletion and development activities, the
outlook for commodity markets and ability to access capital markets, the impact
of the COVID-19 pandemic, the performance of producing wells and reservoirs,
well development and operating performance, foreign exchange rates, general
economic and business conditions, weather and access to drilling locations, the
availability and cost of labour and services, environmental regulation,
including regulation relating to hydraulic fracturing and stimulation, the
ability to monetize hydrocarbons discovered, the regulatory and legal
environment and other risks associated with oil and gas operations. The reader
is cautioned that assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
incorrect. Actual results achieved during the forecast period will vary from
the information provided herein as a result of numerous known and unknown risks
and uncertainties and other factors.  Although Alvopetro believes that the
expectations and assumptions on which such forward-looking information is based
are reasonable, undue reliance should not be placed on the forward-looking
information because Alvopetro can give no assurance that it will prove to be
correct. Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on factors that could affect the operations
or financial results of Alvopetro are included in our annual information form
which may be accessed on Alvopetro’s SEDAR profile at www.sedar.com.
The forward-looking information contained in this news release is made as of
the date hereof and Alvopetro undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.

SOURCE Alvopetro Energy Ltd.


Labrador Gold Corp. (NKOSF) – Drilling Program Yielding Successful Outcomes

Posted on by Admin

Friday, July 08, 2022

Labrador Gold Corp. (NKOSF)
Drilling Program Yielding Successful Outcomes

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

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

Latest drill results. Labrador Gold released results for 12 drill holes associated with its 100,000-meter drill program targeting the Appleton Fault Zone over a 12-kilometer strike length. The results included a new high-grade intercept from drilling at the southwest end of the Big Vein zone, along with drilling results from the Golden Glove and Midway targets.

Highest-grade drill intercept at Big Vein. The hole drilled furthest to the southwest at the Big Vein target intersected 284.1 grams of gold per tonne over 0.58 meters from 309.7 meters downhole, representing the highest grade yet intersected at the Kingsway project. The hole also intersected 15.05 grams of gold per tonne over 1.11 meters from 310.71 meters just below the high-grade intercept. The hole was collared 120 meters to the southwest of a drill hole that intersected 54.17 grams of gold per tonne over 0.95 meters underscoring the potential for further high-grade mineralization as drilling continues to the southwest….

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 – Voyager Digital Ltd. Provides Update on Listing of its Shares

Posted on by Admin

 


Voyager Digital Ltd. Provides Update on Listing of its Shares

Research, News, and Market Data on Voyager Digital

NEW YORK, July 7, 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTC Pink: VYGVF) (FRA: UCD2), today announced that it has given notice to the Toronto Stock Exchange (the “TSX”) that the Company will voluntarily delist its common shares from the TSX. This action is being taken by the Company in response to the TSX notifying the Company that the TSX would be conducting a review of the eligibility for continued listing on TSX of the Company’s common shares as a result of the Company and its main operating subsidiaries filing voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court of the Southern District of New York.

Due to this review, trading in Voyager shares has been suspended by the TSX. Voyager has also been notified that, due to its bankruptcy filing, the Company no longer qualifies for the OTCQX International. Effective today, shares will trade on the OTC Pink Sheets. However, due to the TSX trading halt and delisting review, shares are also halted on the OTC.

The Company plans to apply to the Canadian Securities Exchange (the “CSE”) to transition the trading of its common shares from the TSX to the CSE. While the Company expects that trading in its shares will transition from the TSX to the CSE, there is no guarantee that the CSE will approve the trading in the Company’s shares or that such transition will occur.

Parties with questions about the chapter 11 process may contact the Company’s Claims Agent, Stretto, at +1 (855) 473-8665 (toll-free in the U.S.) or +1 (949) 271-6507 (for parties outside the U.S.). They have also set up a website at 
http://cases.stretto.com/Voyager, which includes court documents and other information.

About
Voyager Digital Ltd.

Voyager Digital Ltd.’s (TSX: VOYG) (OTC Pink: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost-efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

Forward
Looking Statements

Certain information in this press release, including, but not limited to, statements regarding the intend to file an application to list the common shares on the CSE and the listing of such shares on the CSE, restructuring process, the restructuring Plan, available remedies for recovery from 3AC, intended filings as part of the restructuring process, resumption of account access, return of value to customers, the ability of Voyager to continue as a going concern, exploration of strategic alternatives, discussions with third parties in respect of strategic alternatives and the results of those discussions, the temporary nature of the suspension of the platform, future growth and performance of the business, the exploration of strategic alternatives, future adoption of digital assets, anticipated trends and challenges in our business and industry, the regulation of digital assets offerings, the impact of the 3AC default on the Company, the Company’s liquidity and ability to satisfy customer orders and withdrawals and the Company’s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. It is uncertain as to the timing or approval of any listing application with the CSE,  timing or results of the restructuring process or the terms of the final restructuring plan, when account access will resume, the value to be returned to customers, what amount Voyager will be able to recover from 3AC for non-payment or the legal remedies available to Voyager in connection with such non-payment or the impact on the future business, cash flows, liquidity and prospects of Voyager as a result of 3AC’s non-payment. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that parties to whom the Company lends assets are able to repay such loans in full and in a timely manner, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, the results of the restructuring process and the terms of the restructuring plan, if such a plan is ultimately agreed to, the results from the exploration of strategic alternatives, the inability to resume trading, deposits, withdrawals and rewards on the platform in a timely manner, an inability to drawdown under the credit facility or access other sources of financing, an increase in customer demands for withdrawals from the platform, any insolvency or similar proceedings with respect to 3AC, our ability to find a strategic alternative, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. Readers are cautioned that Assets on Platform and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events, except as required by law. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance. There is no assurance that the funds available under the loan agreement will be available or, even if available will, together with any other assets of Voyager be sufficient to safeguard assets.

The TSX
has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital Ltd.

Press
Contacts
Voyager Digital, Ltd.

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital Ltd.

BioSig Technologies (BSGM) – BioSig Scores a Big Win

Posted on by Admin

Friday, July 08, 2022

BioSig Technologies (BSGM)
BioSig Scores a Big Win

BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com). The Company’s first product, PURE EP(TM) System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology (EP) procedures in an EP laboratory.

Gregory Aurand, Senior Research Analyst, Healthcare Services & Medical Devices, Noble Capital Markets, Inc.

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

Purchase agreement announcement. Yesterday, BioSig Technologies announced a purchase and leasing agreement with Kansas City Heart Institute at Overland Park Regional Medical Center. While terms were not disclosed, Kansas City Heart has multiple EP labs that could benefit from the PURE EP signal processing technology.

National master agreement also announced. Concurrent with the Kansas City Heart commercial announcement, BioSig also announced a national purchase agreement. While not named in the release, it is likely the master was signed with HCA Healthcare given that Kansas City Heart Institute is part of the HCA Midwest Heart and Vascular group. One of the largest hospital networks with 175 general and acute hospitals, HCA represents a substantial opportunity moving forward.…

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 – Eskay Mining Discovers Multiple New VMS Systems across its Consolidated Eskay VMS Project, Golden Triangle British Columbia

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Eskay Mining Discovers Multiple New VMS Systems across its Consolidated Eskay VMS Project, Golden Triangle British Columbia

News and Market Data on Eskay Mining

TORONTO, ON / ACCESSWIRE / July 7, 2022 / Eskay Mining Corp. (“Eskay” or the “Company”) (TSXV:ESK)(OTCQX:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) is pleased to announce discovery of multiple new volcanogenic massive sulfide (“VMS”) deposits across its 100% controlled Consolidated Eskay project, British Columbia. To date, the Company has completed 5,370 m of diamond core drilling in 13 holes, approximately 18% of the 30,000 m planned meters to be drilled in 2022. Drill production is currently on target to reach this aggressive goal.

“By pushing for an early start to the 2022 Exploration Program we have been able to meet one of our major objectives, showing that the TV-Jeff VMS system extends well to the north of Jeff. Our targeting criteria built over the past two years continues to yield mineralized intercepts,” commented Dr. John DeDecker, Eskay Mining’s VP of Exploration. “Not only does the TV-Jeff VMS system appear to encompass a minimum 5 km-trend of VMS mineralization, we have also confirmed that Scarlet Ridge is host to a separate VMS system of similar size. We look forward to testing the full strike length of both of these VMS systems with aggressive drilling and Anaconda-style mapping programs in 2022. It amazes me that every day in the field we are delineating extensive VMS systems outcropping at surface. This leaves me wondering what other deposits have gone unrecognized across the property. Our expert team has done a great job making new discoveries over the past few weeks, and we are excited by the potential of them making yet more discoveries across our large property over the next several months.”

“The 2022 exploration campaign at the Consolidated Eskay project is by far the most aggressive program ever conducted on the property,” commented Dr. Quinton Hennigh, director and technical advisor to Eskay Mining. Our team is doing a remarkable job making new discoveries, a step needed to grow this remarkable story. We suspected the TV-Jeff VMS system was much larger, and now we have proof from recent drilling at Jeff North. In just one month, our field crews have more fully assessed the potential at Scarlet Ridge, and now have strong evidence the system here is of equal magnitude to that at TV-Jeff. Mineralization appears to be hosted by the same rocks found at Eskay Creek 7 km to the west. Excelsior South also displays similar stratigraphy and mineralization to the Eskay Creek deposit. We are delighted with progress made to date, but we have four more months in this season during which we expect more discoveries to be made.”

Summary of Discoveries Made at Jeff North

  • Drilling and geological mapping confirms that the greater TV-Jeff VMS system extends 1.5 km north of Jeff (Figures 1 and 2). A significant zone of intensely silicified peperitic basalt, dacite, and andesite hosts stockwork and semi-massive sulfide mineralization at Jeff North. This zone is evident at the surface as a topographic ridge, and in drill core, it is characterized by hydrothermal breccia with abundant silica alteration and sulfide mineralization (Figures 3-5).
  • Sulfide mineralization is hosted by peperitic basalt, dacite, and andesite occurring in mineralized horizons that correspond to those at Jeff 1.5 km to the south (Figure 2) indicating that VMS hydrothermal systems were active over a 5 km-strike length from TV to Jeff North, and likely beyond.
  • Investigations of drill core with handheld XRF units indicate presence of strong pathfinder element associations (Ag, As, Sb, and Hg) in some areas displaying sulfide mineralization.
  • Systematic soil sampling northwards of Jeff North has been completed, and includes a large SkyTEM anomaly of similar size and shape to those corresponding with VMS at TV, Jeff, and Jeff North discovered during the 2021 program. The results of the soil sampling program will indicate how much further north the TV-Jeff VMS system extends. So far, each large conductive SkyTEM anomaly investigated corresponds with VMS mineralization observed at surface. There are several more SkyTEM anomalies left to investigate this season, and these are the highest priority of Eskay’s 2022 drill program.
  • Geological Mapping conducted in 2022, led by Drs. Ben M. Frieman and Jesse Hill, has yielded the first lithological map consistent with drill core observations. This work has shown the importance of integrating drilling and mapping data sets and has yielded a new understanding of the distribution of the lower Hazelton Group volcanic rocks in the Eskay anticline region. For example, in addition to the volcanic-hydrothermal systems identified at TV, Jeff, and Jeff North, new observations suggest that mineralized volcanic rocks may occur across-strike to the west as well as within structurally juxtaposed, but correlative, rocks to the east of this area, a wholly new location identified as prospective.

Scarlet Ridge

  • Two extensive VMS feeder zones have been discovered at Scarlet Ridge, the Southern and Northern Feeder Zones. These feeder zones are marked by intense hydrothermal alteration, ubiquitous stockwork and replacement-style sulfide mineralization, and intensely gossanous red, orange, and yellow surficial staining of the peperitic dacite and rhyolite host rocks. The Southern Feeder Zone has been the focus of early season investigations and will be further tested by drilling in 2022 (Figures 6-8).
  • Scarlet Ridge is located 7 km east of the Eskay Creek deposit and occurs in a similar geologic setting to this exceptional high-grade VMS deposit.
  • Field investigations of stockwork sulfides from the Southern Feeder Zone using handheld XRF units indicate presence of strong pathfinder element (Ag, As, Sb, and Hg) anomalism. These pathfinder results are consistent with rock chip samples collected in the area during the early 1990’s and the 2021 program (see Eskay’s March 21, 2022 news release for more information), in which samples also yielded strongly anomalous Au assays ranging from 0.14-2.49 g/t.
  • Scarlet Ridge displays all the hallmarks of a large VMS system, with multiple feeder zones connected with at least three horizons exhibiting subseafloor replacement style mineralization, each of which extends along strike for hundreds of meters (Figures 6-8). It is especially encouraging that these horizons are correlative with the same units that host the Eskay Creek deposit (Figure 9) Pathfinder element associations suggest the potential for precious metal endowment.
  • Preparations are underway to begin drilling the feeder zones at Scarlet Ridge starting in mid-July (Figure 10).

Excelsior South

  • Preliminary field visits followed up on strong Au BLEG results from 2020 and strong pathfinder element anomalies evident in soil transects from 2021.
  • Peperitic rhyolite was discovered at Excelsior South, in rocks previously mapped as the Bowser Lake Group. Investigations with a handheld XRF confirm that this rhyolite is indeed of the same composition as the Eskay rhyolite, host to the world-class Eskay Creek VMS deposit.
  • A 100 m grid soil sampling program has just been completed at Excelsior South. Analyses from these soil samples are expected back in a few weeks. Subject to promising results, a limited exploratory drill program will be conducted at Excelsior South in 2022.

To date, Eskay Mining has completed 5,370 m of diamond core drilling in 13 holes, approximately 18% of planned meters to be drilled in 2022. Thus far, drilling has occurred around the area called Jeff North. The Company will soon be drilling at Scarlet Ridge as well as testing other targets along the greater TV-Jeff corridor. At present, drill production is on track to reach Eskay’s aggressive goal of 30,000 m.

Dr. Quinton Hennigh, P. Geo., a Director of the Company and its technical adviser, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the “Golden Triangle,” 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).

All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam

T: 416 907 4020

President & Chief Executive Officer

E: Mac@eskaymining.com

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 release.

Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words “may”, “would”, “could”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions
are intended to identify forward-looking statements. Such statements reflect
our current views with respect to future events and are subject to risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such as actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should
assumptions underlying the forward looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law.
Shareholders are cautioned not to put undue reliance on such forward-looking
statements.

(Figure 1. Drill holes at Jeff North completed as of date of this release. Silver assays from soil samples from 2021, and the SkyTEM conductivity map from 2020 are shown, and have proven to be reliable vectors towards VMS mineralization during the 2022 program thus far.

(Figure 2. Preliminary geologic map of Jeff and Jeff North based on 2022 field work by the mapping team, and drilling from 2020-2022. Drilling at Jeff North has been focused on a 1 km trend of intensely silicified peperitic basalt identified during mapping, and has confirmed the presence of extensive VMS mineralization associated with the silicified basalt.)

(Figure 3. Semi-massive replacement-style sulfide mineralization hosted by an intensely silicified vesicular basalt. The intensity of replacement-style mineralization and hydrothermal alteration is consistent with a location proximal to a VMS feeder structure. Handheld XRF analyses show consistently high pathfinder elements (As, Sb, and Hg) within sulfide mineralization in this drill hole.)

(Figure 4. Polymetallic sulfide mineralization hosted by intensely silicified mudstone. Sulfide minerals present include pyrite, pyrrhotite, sphalerite, and galena, with XRF-indicated Ag-bearing tetrahedrite. Tetrahedrite is commonly associated with microscopic electrum in drill core from the 2020 and 2021 drill programs.)

(Figure 5. Semi-massive replacement-style sulfide mineralization hosted by intensely silicified and clay altered peperitic basalt. The intensity of replacement-style mineralization and hydrothermal alteration is consistent with a location proximal to a VMS feeder structure.)

(Figure 6. Intensely gossanous peperitic dacite defining the Southern Feeder Zone at Scarlet Ridge. This gossan extends approximately 600 m along strike, and cuts at least 800 m of stratigraphy. Multiple traverses across stratigraphy have confirmed that stockwork and replacement-style sulfide mineralization, and intense hydrothermal alteration are ubiquitous throughout rocks that are gossanous. Stratigraphy is steeply dipping to the east here, suggesting that these mineralized horizons could extend to considerable depth. A fence of several 800 m deep drill holes will test the heart of this intensely mineralized feeder zone. The Southern Feeder Zone is approximately 1 km south of the Northern Feeder Zone visited in 2021 (visible in the lower left image as the gossanous bluffs just left of the mountains). The two feeder zones and their along strike extensions occur within peperitic dacite and Eskay rhyolite, suggesting that these hydrothermal systems are part of one larger system that was active at the same time as the VMS system that formed Eskay Creek, just 7 km due west.)

(Figure 7. Close-up views of stockwork and replacement-style sulfide mineralization from the Southern Feeder Zone at Scarlet Ridge. This sort of sulfide mineralization is ubiquitous throughout the entire outcrop area of the Southern Feeder Zone.)

(Figure 8. Gossanous and sulfide-bearing horizons define permeable Eskay rhyolite debris flow breccia that extend several hundred meters along strike from the Southern Feeder Zone. These rocks represent horizons that underwent sub-seafloor sulfide replacement as hydrothermal fluids from the feeder zone interacted with debris piles in the near-seafloor environment. Subseafloor replacement is responsible for the largest VMS deposits on Earth. Gossanous rocks of the Northern Feeder Zone are visible to the upper left in the image at top.)

(Figure 9. Schematic geological cross-section of the Southern Feeder Zone at Scarlet Ridge, based on multiple field visits during the 2021 and 2022 seasons. This area will be the primary focus of the 2022 geological mapping program, and will be included in a 5,000 m drill program for targets at Scarlet Ridge and Tarn Lake. The feeder zone intersects several favorable horizons for lateral hydrothermal fluid flow and consequent sub-seafloor replacement-style mineralization. Of particular note, both the Southern and Northern Feeder Zones are hosted within rocks correlative to those at Eskay Creek just 7 km due west of Scarlet Ridge.

(Figure 10. An oblique view of the southern VMS feeder zone at Scarlet Ridge showing surface topography, SkyTEM conductivity data, Au assays from rock chip samples, and a conceptual drill plan. Drilling will focus on the core of the VMS feeder zone, as well as along strike extensions within horizons showing subseafloor sulfide replacement.)

SOURCE: Eskay Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/707798/Eskay-Mining-Discovers-Multiple-New-VMS-Systems-across-its-Consolidated-Eskay-VMS-Project-Golden-Triangle-British-Columbia

 


Release – BioSig Announces Purchase Agreement with Kansas City Heart Rhythm Institute at Overland Park Regional Medical Center

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BioSig Announces Purchase Agreement with Kansas City Heart Rhythm Institute at Overland Park Regional Medical Center

News and Market Data on BioSig Technologies

Westport, CT, July 07, 2022 (GLOBE NEWSWIRE) —

  • OPRMC marks our first leasing
    agreement under new program
  • Company also inks national
    master agreement with one of the largest U.S. healthcare systems

BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), a medical technology company advancing electrophysiology workflow by delivering greater intracardiac signal fidelity through its proprietary signal processing platform, today announced that Kansas City Heart Institute at Overland Park Regional Medical Center in Kansas City, U.S. has signed a purchase agreement to acquire its PURE EP(T.M.) System. 

Following its evaluation of BioSig’s PURE EP(T.M.) System, Overland Park Regional Medical Center (OPRMC) has signed an agreement to purchase the technology under the terms of the Company’s new program. The agreement represents BioSig’s first commercial adoption since it announced the national launch of its PURE EP ™ System, supported by The Company’s new commercial structure and clinical support teams. The agreement also represents The Company’s first national purchasing agreement.

“Establishing a contract with a leading national hospital network is a milestone achievement for BioSig Technologies,” commented Gray Fleming, Chief Commercialization Officer, BioSig Technologies, Inc. “A leasing option provides a cost-effective and efficient pathway for hospitals to acquire our technology. As a Company that prioritizes physician experience and throughput, we believe a leasing program supports the clinical evolution of PURE EP as we continue upgrading and enhancing our technology based on physician feedback.” 

“We are pleased to announce our first purchase agreement since we transformed the commercial capabilities under new management,” said Kenneth L. Londoner, Chairman and CEO of BioSig Technologies, Inc. “The Company is excited about our clinical collaboration with Dr. Lakkireddy and the physician faculty at Overland Park. As physician advocates, we are proud of our commitment to and alignment with the world-class arrhythmia program at Kansas City Heart Rhythm Institute and thank them for their continued support of our technology.”

“This technology will be an instrumental part of Kansas City Heart Rhythm Institute’s continued quest to provide superior world class care for patients,” says Executive Medical Director for the Kansas City Heart Rhythm Institute and Professor of Medicine at the University of Missouri Columbia and University of Nevada Las Vegas and Chief of Electrophysiology at Overland Park Medical Center, Dhanunjaya DJ Lakkireddy, MD. “This technology could potentially enhance our ability to improve efficacy and safety of heart rhythm procedures and thereby positively impact workflow and subsequently, patient outcomes.”

 

About Kansas City Heart
Rhythm Institute

The Kansas City Heart Rhythm Institute at the HCA Midwest Health Heart and Vascular Institute brings the highest quality clinical care, research and arrhythmia education to Kansas City. There are eight practicing Electrophysiologist. Locations include three Electrophysiology Practice sites in the Greater Kansas City Area as well as one outreach site location and Electrophysiology services in four hospitals.

 

About Overland Park
Regional Medical Center

Overland Park Regional Medical Center is a licensed 343-bed facility offering acute medical care services to our patients. The hospital campus features four medical office buildings, two pharmacies, and the offices of more than 100 physicians. Cardiovascular programs at OPRMC have received certification from The American Association of Cardiovascular and Pulmonary Rehabilitation (AACVPR). OPRMC’s clinicians and physicians experts excel in a wide range of interventional cardiology practices and complex electrophysiology procedures, including Complex Arrhythmia Management (Afib, VTACH, PVC, SVT), Convergent AFib Ablation (with C.T. surgeon and E.P.), Leadless Pacemakers & Internal Cardiac Defibrillators, and Left Atrial Appendage Closure.

 

About BioSig
Technologies

BioSig Technologies is a medical technology company commercializing a proprietary biomedical signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals (www.biosig.com).

The Company’s first product, PURE EP(T.M.) System, is a novel signal processing and acquisition platform designed to extract advanced diagnostic and therapeutic data that enhances physician workflow and increases throughput. PURE EP(T.M.) was engineered to address the limitations of existing E.P. technologies by empowering physicians with superior signals and actionable insights.

To date, over 75 physicians have completed over 2500 patient cases with the PURE EP(T.M.) System. The Company is in a national commercial launch of the PURE EP(T.M.) System. The technology is in regular use in some of the country’s leading centers of excellence, including Mayo Clinic, and Texas Cardiac Arrhythmia Institute at St. David’s Medical Center.

Clinical data acquired by the PURE EP(T.M.) System in a multi-center study at centers of excellence including Texas Cardiac Arrhythmia Institute at St. David’s Medical Center  was recently published in the Journal of Cardiovascular Electrophysiology and is available electronically with open access via the 
Wiley Online Library. Study results showed 93% consensus across the blinded reviewers with a 75% overall improvement in intracardiac signal quality and confidence in interpreting PURE EP(T.M.) signals over conventional sources.

 

Forward-looking
Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward- looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market conditions and the Company’s intended use of proceeds, (ii) the geographic, social and economic impact of COVID-19 on our ability to conduct our business and raise capital in the future when needed, (iii) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (iv) difficulties in obtaining financing on commercially reasonable terms; (v) changes in the size and nature of our competition; (vi) loss of one or more key executives or scientists; and (vii) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.


Andrew Ballou

BioSig Technologies, Inc.

Vice President, Investor Relations

55 Greens Farms Road, 1st Floor

Westport, CT 06880

aballou@biosigtech.com

203-409-5444, x133

 

Primary Logo

Source: BioSig Technologies, Inc.

Released July 7, 2022


The GameStop Stock Split Dividend is More Genius than it Appears

Posted on by Admin 



Image Credit: Ryan (Flickr - modifications made)


The GameStock Stock Split May Serve to Chase out Institutional Short-Sellers

GameStop announced a three-share dividend for each share held. This is somewhat different than a four-for-one stock split from a tax standpoint and for those that are short GameStop. The move has an immediate impact on those that own the stock (largely individual investors), and on the many that are still short the stock (largely institutional investors). The announced split, or the split dividend, where holders would receive three additional shares of (GME) after the market close on July 21, has caused some confusion among the retail holders of the stock – and is likely causing some pain among those that are short GameStop. Shares are up near 8% today (July 7) on the news. 


Source: Gamestop.com


What to Know

GameStop shareholders voted in June in favor of allowing expanded share authorization to one billion outstanding shares from 300 million. This authorization allows for the announced split. During the spring, management asked for authorization saying the split would “provide flexibility for future corporate needs.”

The foreshadowing of this split should have made the high percentage of short-interest in GME retreat some. Recent Morningstar data shows that 21% of GameStop’s entire stock float was being shorted. A short interest percentage above 15% is generally considered to be elevated. Short-sellers are responsible for compensating the lending broker for all dividends. This is generally simple with cash dividends but could be messy when the dividend is stock shares.

The additional shares will be distributed on July 21, and Gamestop stock will begin trading on a split-adjusted basis on Friday, July 22.

The dividend will have the effect of reducing the cost of each share after the split,  this will make it easier for smaller investors to purchase shares of the company. The heightened access to shares could positively impact the market value of all shares outstanding post dividend-split.

 

Management Difference

Ryan Cohen became the chairman of GameStop’s board a year ago. The company has been modernizing by adding executives and employees with backgrounds in technology, e-commerce, and blockchain. It’s a classic fight for survival for the company that began its lifecycle as cutting edge and later found itself stodgy and old. Newer products are being added to the company’s line-up designed to put them back as a solid competitor in today’s gaming retail world.

Following the appointment of Cohen, the company invested in fulfillment and customer care, as well as expanding its offerings to include TVs, computer supplies, and even a marketplace for NFTs.

Management’s decision to provide a split in the form of a dividend raises additional challenges for short sellers of GME. The value of stocks tend to rise after a split welcomes smaller buyers that may have been locked out. This could serve to cause a squeeze on short players already forced by rising margin interest rates. As a dividend, rather than a split, there is an obligation for short sellers to make those they borrowed the stock from whole. This could cause many short positions to be closed out before the record date of the dividend.

Paul Hoffman

Managing Editor, Channelchek

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Placing a Bid to Own a Public Company


Sources

https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split

https://www.thestreet.com/memestocks/gme/why-gamestop-stock-is-on-a-verge-of-a-short-squeeze#:~:text=Short%20interest%3A%20The%20latest%20data,stock%20float%20was%20being%20shorted.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm

https://www.thestreet.com/memestocks/gme/gamestop-stock-is-there-still-short-squeeze-potential


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Release – Gray Sets Date For Second Quarter Earnings Release And Earnings Conference Call

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Gray Sets Date For Second Quarter Earnings Release And Earnings Conference Call

Research, News, and Market Data on Gray Television

Atlanta, Georgia – July 6, 2022 — Gray Television, Inc.
(NYSE: GTN) today announced that it will release its earnings results for the quarter ending June 30, 2022 on Friday, August 5, 2022.

Earnings Conference Call Information

Gray Television, Inc. will host a conference call to discuss its operating results for the quarter ended, June 30, 2022, on Friday, August 5, 2022. The call will begin at 11:00 a.m. Eastern Time. The live dial-in number is 1-800-289-0720 and the confirmation code is 7144937. The call will be webcast live and available for replay at www.gray.tv. The taped replay of the conference call will be available at 1-888-203-1112 Confirmation Code: 7144937 until September 4, 2022.

About Gray Television

Gray Television, Inc. is a multimedia company headquartered in Atlanta, Georgia. We are the nation’s largest owner of top-rated local television stations and digital assets in the United States that serve 113 television markets reaching approximately 36 percent of US television households. This portfolio includes 80 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station. We also own video program companies Raycom Sports, Tupelo Media Group (formerly Tupelo Honey), and PowerNation Studios, as well as studio production facilities Assembly Atlanta and Third Rail Studios.

Gray Contacts:

Website: www.gray.tv

Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828

Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333


Release – Seanergy Announces Delivery And Employment of Recent Capesize Acquisition and New Financings of $44 million

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Seanergy Announces Delivery And Employment of Recent Capesize Acquisition and New Financings of $44 million

Research, News, and Market Data on Seanergy Maritime

July 7, 2022 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today the delivery of the recently-announced Capesize vessel acquisition, M/V Honorship, and the simultaneous commencement of its period employment. Moreover, Seanergy successfully concluded a new sustainability-linked loan for the M/V Honorship and a new loan facility for the 2010-built M/V Dukeship.

Delivery & Time-charter (“T/C”) of the M/V
Honorship

As recently announced, the 180,000 deadweight-ton, Japanese-built M/V Honorship has been delivered to the Company and immediately commenced its T/C with NYK Line. The T/C has a duration of about 20 to 24 months and the daily hire is based at a premium over the Baltic Capesize Index (“BCI”). The Company has the option to convert the daily hire from index-linked to fixed for a period of 2 to 12 months based on the prevailing Capesize freight futures (“FFA”) and by applying the same premium. The acquisition of the vessel was financed with cash on hand and proceeds from new loan facilities discussed below.

Sustainability-linked facility for the M/V Honorship

The Company has concluded a second sustainability-linked senior credit facility with a major European bank by upsizing and refinancing the existing loan secured by the M/V Worldship at improved terms. The new sustainability-linked loan facility of $38 million is secured by the M/V Worldship and the newly acquired vessel M/V Honorship.

The $38 million principal will amortize over a five-year term through quarterly instalments averaging $1.08 million and a $16.5 million final balloon payment at maturity. The interest rate is 3.00% plus LIBOR per annum and can be further reduced based on certain emission reduction thresholds.

Financing facility of the M/V Dukeship

In addition, Seanergy concluded a senior loan facility with a major European bank and one of its existing lenders secured by the M/V Dukeship. The $21.0 million loan bears interest rate of 2.95% plus SOFR per annum, has a four-year term and will be repaid through 16 quarterly instalments averaging $0.625 million and a $11 million final balloon payment at maturity.

Stamatis Tsantanis, the Company’s Chairman & Chief
Executive Officer, stated:

“We are very pleased with the prompt delivery of our 18 th Capesize vessel, which improves the average age and the operating premium of our fleet. The M/V Honorship already commenced its period employment with one of our close partners. “Our fleet remains 100% under period employment, with the vast majority on index-linked T/Cs and most of them accompanied by the option to convert to fixed rates. “Moreover, the ability to conclude two new facilities with the Company’s existing creditors at more favorable terms attests to their confidence in Seanergy and its prospects. “Finally, we have expanded our sustainability-linked loan portfolio, reiterating our commitment to our ESG agenda.”

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. The Company’s operating fleet consists of 17 Capesize vessels with an average age of approximately 12 years and aggregate cargo carrying capacity of approximately 3,020,012 dwt. The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”.

Please visit our company website at: www.seanergymaritime.com.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including statements regarding the anticipated spin-off of United. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the impact of regulatory requirements or other factors on the Company’s ability to consummate the proposed spin-off; the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; broader market impacts arising from war (or threatened war) or international hostilities, such as between Russia and Ukraine; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Seanergy Investor Relations

Tel: +30 213 0181 522

E-mail: ir@seanergy.gr

Capital Link, Inc.

Paul Lampoutis

230 Park Avenue Suite 1540

New York, NY 10169

Tel: (212) 661-7566

E-mail: seanergy@capitallink.com


Voyager Digital (VYGVF) – Declaration of CEO Stephen Ehrlich

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Thursday, July 07, 2022

Voyager Digital (VYGVF)
Declaration of CEO Stephen Ehrlich

Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost-efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

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.

First Day. We spent yesterday going through Voyager Digital’s Chapter 11 petitions and first day motions. The filings provide an overview of recent events behind the Chapter 11 filing, the current state of the Company, and the Company’s efforts to reorganize, both prior to the Chapter 11 filing and its plans for a standalone restructuring.

The Cliff Note. According to the Declaration of Voyager CEO Stephen Ehrlich, Voyager faced a short-term “run on the bank” due to the downturn in the cryptocurrency industry generally and the default of the 3AC loan. Ultimately, Voyager filed for chapter 11 relief to protect customers and preserve the value of the business….

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.