Robinhood Launching Extended Hours




Robinhood Continues to Push to Expand Their Users’ Possibilities

 

Robinhood (HOOD) has taken another step toward users having the ability to trade from their platform around the clock, seven days a week. It announced that the online brokerage service is extending its premarket and after-hours trading to provide a 13-hour window. Robinhood’s stated mission has always been to revolutionize the markets and bring more people into the financial system. Yesterday’s (March 29) announcement is another step toward that goal.

The company said this is an important step toward 24/7 equities investing; their new extended hours will allow users to trade from 7 am until 8pm. This adds four hours for users to transact. Its extended trading hours had been from 9 am to 9:30 am. ET and 4 pm to 6 pm ET.

 In a Blog post the online stockbroker that introduced transaction free trades in 2014, added crypto in 2018, fractional shares in 2019, automatic investments in 2020, and 24/7 customer support in 2021 said about their mission to revolutionize the markets, “Today’s launch is just another step on this journey, and we’re just getting started.”

 

Robinhood has studied their data and said that they have, “…seen a community of Robinhood early birds and night owls who log in exclusively outside of regular market hours.” They believe the new extended trading hours, leading toward 24/7, will provide more opportunities to more customers to manage their portfolio at a convenient time for them.

The stock jumped 24%, its third-best trading day since the company went public last summer.

A Word of Caution

Trading is typically thinner pre and post-market. While access may be helpful, until there are a large number of transactions taking place, extended-hours trading can be riskier than the regular session. At the same time, it may also provide opportunities or dislocations worth considering. These risks would presumably lessen as extended hours volume increases.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Regulators May Add New Guard Rails to Temper Investment Risk



AMC Entertainment’s Plot Twist Gets Even More Interesting to Investors

 

Sources

https://robinhood.com/us/en/support/articles/extendedhours-trading/

https://blog.robinhood.com/

 

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Zuckerberg Top Executive Joins NobleCon18 Lineup


Rob Goldman – Former Head of Growth, Monetization and Advertising, Facebook (Meta) – Joins NobleCon18 Lineup

The 18th annual conference will be “live” again! To celebrate the return to IN PERSON, thanks to our sponsors, investor registration is FREE

 

NobleCon is pleased to announce that Rob Goldman will be a featured Metaverse panelist at NobleCon18. Joining Facebook in 2012 reporting directly to CEO Mark Zuckerberg, Goldman was charged with growing and monetizing the burgeoning social media platforms (including subsidiaries such as Instagram); during his tenure at Facebook revenues grew from $5 billion to over $70 billion in a span of seven years. Goldman’s move to Facebook happened when his company, Threadsy, was acquired by FB in a move that many refer to as one of “Mark Zuckerberg’s acqui-hires.” Goldman’s company started out as a way for people to see their social feeds and communication from different networks, like Facebook and Twitter, in one place. But Goldman soon changed the focus towards a paid service that helped brands see which influencers they needed to establish relationships with in order to find new customers on social networks. The change resulted in the development of the social marketing tool Swaylo, which ultimately attracted the attention of Zuckerberg. Mr. Goldman is a graduate of Harvard Business School and is a Board Member of Indiegogo, Stratim Systems, Cerebellum Capital and Thisnext.

ADMISSION IS FREE for institutional to self-directed novice investors, thanks to Noble, Channelchek, Sponsors and The Presenting Companies. Attendance is limited to 1,000.

NobleCon18 – Noble Capital Markets 18th Annual Small and Microcap Investor Conference – April 19-21, 2022 – Hard Rock, Hollywood, FL 100 Public Company Presentations | Scheduled Breakouts | Panel Presentations | High-Profile Keynotes | Educational Sessions | Receptions & Networking Events

REGISTER FREE AS AN INVESTOR  |  PRESENTING COMPANY INQUIRIES  |  NOBLECON INFO PAGE  |  NOBLECON18.COM  |  PRESENTING COMPANIES  |  SCHEDULED SPEAKERS

NobleCon18 Presenting Companies

NobleCon18 Presenting Companies
April 19-21, 2022

REGISTER FREE AS AN INVESTOR  |  PRESENTING COMPANY INQUIRIES  |  CONFIRMED SPEAKERS  |  NOBLECON18.COM

Click the logos to view more information on each company
Click the preview link to watch a preview video from the presenter
New companies and preview videos are added regularly



ATNM (NYSE)
 

ALCO (NasdaqGS)
 

AUXXF (OTCQX)
 

ARLP (NasdaqGS)
 

ALVOF (OTCQX)
 

Aurox (Private)
 

ASM (NYSE)
Watch the Preview

AXLA (Nasdaq)
 

BCCEF (OTCPK)
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BXRX (Nasdaq)
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BBGI (Nasdaq)
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BSGM (Nasdaq)
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BLBX (Nasdaq)
 

BSFC (Nasdaq)
 

BOWL (Nasdaq)
 

CHKKF (OTCQB)
Watch the Preview

CING (Nasdaq)
 

CTXR (Nasdaq)
 

COCP (Nasdaq)
Watch the Preview

LODE (NYSE)
 

CMTL (NasdaqGS)
 

CMLS (Nasdaq)
 

CYDVF (OTCQB)
 

DMIFF (OTCQB)
 

DTGI (OTCQB)
 

DMS (NYSE)
 

DLHC (Nasdaq)
 

EGLE (NasdaqGS)
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EEIQ (Nasdaq)
 

UUUU (NYSE)
 

GAME (Nasdaq)
 

EVC (NYSE)
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EZFL (Nasdaq)
 

FGI (Nasdaq)
 

FLHLF (OTCQB)
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FTK (NYSE)
 

OPA (NYSE)
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VINE (NYSE)
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GABLF (OTCQB)
 

GNK (NYSE)
 

GNPX (Nasdaq)
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JETMF (OTC)
 

HHS (Nasdaq)
 

HCTI (Nasdaq)
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HMNC (Private)
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III (Nasdaq)
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IPOOF (OTCQX)
 

INLB (OTCQX)
 

IZOZF (OTCQB)
 

JAGX (Nasdaq)
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KELYA (NasdaqGS)
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LEE (NYSE)
 

LCTX (NYSE)
 

LQWDF (OTCQB)
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MGMLF (OTCQB)
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M8G (ETR)
 

MMAT (Nasdaq)
 

MLSS (NYSE)
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MSGM (Nasdaq)
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NSCIF (OTCQX)
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NMTC (OTCQB)
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NRGOF (OTCQB)
 

OCGN (Nasdaq)
 

Odyssey Wellness
 

OSS (Nasdaq)
 

PRFX (Nasdaq)
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PANL (Nasdaq)
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KTTA (Nasdaq)
 

PENMF (OTC)
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PYNKF (OTC)
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OILCF (OTCQB)
 

PSYCF (OTCQB)
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RICK (Nasdaq)
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RMTI (OTCQB)
 

SALM (Nasdaq)
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SHWZ (OTCQX)
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SMTS (NYSE)
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SMFL (Nasdaq)
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SBEV (NYSE)
 

SKYX (Nasdaq)
 

SURG (OTCQB)
 

GEO (NYSE)
 

TNXP (Nasdaq)
 

TSQ (NYSE)
 

VIVK (Nasdaq)
 

VNRX (NYSE)
 

VOXCF (OTCQB)
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VYGVF (OTCQB)
 

WSNAF (OTCQB)
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WRAP (Nasdaq)
 

Kelly Services (KELYA) – Russia and Potentially Wider Impact

Monday, March 14, 2022

Kelly Services (KELYA)
Russia, and Potentially Wider, Impact

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

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.

    Russia Exposure. Given the recent Russia/Ukraine events, we reviewed Kelly’s direct exposure to the two countries. In 2021, Russia accounted for $132.2 million, or approximately 2.7%, of Kelly’s overall revenue. As of January 2, 2022, Kelly’s Russian operations comprised approximately 1% of the Company’s assets. Customer accounts receivable is the primary asset in Russia. Kelly does not have a subsidiary or employees in Ukraine.

    Sanctions.  According to the Company, sanctions issued since February 24, 2022 by the European Union, United States, and other countries against certain Russian entities and persons and certain activities involving Russia or Russian entities, have created uncertain economic conditions. The current economic environment, along with the suspension of services by some of the Company’s service providers …


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. 

Vectrus (VEC) – A Deeper Dive Why We Believe the Vectrus Vertex Combination is a Winner

Monday, March 14, 2022

Vectrus (VEC)
A Deeper Dive: Why We Believe the Vectrus/Vertex Combination is a Winner

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

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.

    Price Decline is Not Supported. VEC shares continued to drop, closing on Friday at $34.48, now down $11.81, or 25.5% from the March 4th closing price, prior to the Vertex deal being announced Monday the 7th before the market opened. The sell off is unwarranted in our view. As we mentioned in our March 10th report, we believe the Vertex acquisition to be transformative, creating a global leader in mission-essential solutions. With the acquisition, the combined entity will play in an even larger pool with market trends supporting growth in the converged infrastructure market. We are maintaining our Outperform rating and $62 twelve month price target on VEC shares.

    Valuation.  While we acknowledge no two acquisitions are alike, the 9.5x adjusted EBITDA multiple being paid is not out of line. In 2019 AECOM sold its Management Services unit, which provides logistics and technical assistance to the government, for 11.6x. And the median EV/EBITDA multiple for the Aerospace and Defense industry is approximately 14x …


This 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. 

Vectrus (VEC) – A Deeper Dive: Why We Believe the Vectrus/Vertex Combination is a Winner

Monday, March 14, 2022

Vectrus (VEC)
A Deeper Dive: Why We Believe the Vectrus/Vertex Combination is a Winner

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

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.

    Price Decline is Not Supported. VEC shares continued to drop, closing on Friday at $34.48, now down $11.81, or 25.5% from the March 4th closing price, prior to the Vertex deal being announced Monday the 7th before the market opened. The sell off is unwarranted in our view. As we mentioned in our March 10th report, we believe the Vertex acquisition to be transformative, creating a global leader in mission-essential solutions. With the acquisition, the combined entity will play in an even larger pool with market trends supporting growth in the converged infrastructure market. We are maintaining our Outperform rating and $62 twelve month price target on VEC shares.

    Valuation.  While we acknowledge no two acquisitions are alike, the 9.5x adjusted EBITDA multiple being paid is not out of line. In 2019 AECOM sold its Management Services unit, which provides logistics and technical assistance to the government, for 11.6x. And the median EV/EBITDA multiple for the Aerospace and Defense industry is approximately 14x …


This 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. 

Kelly Services (KELYA) – Russia, and Potentially Wider, Impact

Monday, March 14, 2022

Kelly Services (KELYA)
Russia, and Potentially Wider, Impact

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

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.

    Russia Exposure. Given the recent Russia/Ukraine events, we reviewed Kelly’s direct exposure to the two countries. In 2021, Russia accounted for $132.2 million, or approximately 2.7%, of Kelly’s overall revenue. As of January 2, 2022, Kelly’s Russian operations comprised approximately 1% of the Company’s assets. Customer accounts receivable is the primary asset in Russia. Kelly does not have a subsidiary or employees in Ukraine.

    Sanctions.  According to the Company, sanctions issued since February 24, 2022 by the European Union, United States, and other countries against certain Russian entities and persons and certain activities involving Russia or Russian entities, have created uncertain economic conditions. The current economic environment, along with the suspension of services by some of the Company’s service providers …


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. 

The SPAC Advantage in a Volatile or Bear Market


Image Credit: Kampus (Pexels)


Why it May be Prudent in a Down-Market to Allocate to Individual SPACs

 

When the markets were roaring upwards in 2020 investment capital was abundant, the number of Special Purpose Acquisition Companies (SPACs) going public broke records. Competition to find ideal companies to merge with to fulfill the SPAC’s mission, intensified. Almost two years have passed since SPAC IPOs’ popularity emerged following a much quieter period for these equities. The 2020 vintage SPACs are now nearing their deadlines to find acquisitions or disseminate the money held in escrow back to shareholders. What does this mean to stock market investors?

Background

IPOs offered as SPACs in 2020 broke all previous records, in terms of the number of offerings, and gross proceeds. In 2021 there was even more issuance. SPACs are not new; they have existed for decades, they are sometimes referred to as blank check companies and shell companies. They have also been called “backdoor IPOs” because it allows a private company to go public without the normal process of filing and disclosures through the regular IPO filing process. Filing for an IPO with a SPAC is much quicker for private companies than going the traditional IPO route.

Currently, there are 602 SPACs with 162.4 billion in combined funds looking to find acquisitions. There are SPACs succeeding in finding acquisition targets, tickers like BOWL, DWAC, CPSR have recently either merged or are in a deSPAC phase, headed toward merging. But it is unlikely that there are 600 well-suited, private companies looking to go public via SPAC acquisition.  This isn’t necessarily bad for the investors in the stock, if there is a downside it is to the finance entities that went through the expense and management of the SPAC for two years.

Investors lose little more than opportunity while their funds were tied up. This is because when a SPAC fails to merge, the funds from the IPO, less expenses, plus accrued interest, are then all returned to the current holder of shares.

 

Performance

So far this year SPACs have outperformed the market significantly. This may be because SPACs don’t have as much downside, as mentioned, the initial investment is held in an escrow account that typically earns interest. Should the SPAC not merge after 24 months, investors have a fairly good idea of what they can expect to be returned to them. They may not make money, but depending on their purchase price they shouldn’t lose much. The returned cash is most often just below the initial $10 offering price. This protection prevents the SPAC from decreasing in value greatly from its offering price, while still maintaining the potential to find a target that could drive the price significantly upward. The structure demonstrates a level of safety that is not shared by other common stocks.

 

 

There is an enhanced benefit to SPAC owners in 2022 that barely existed in 2020 and early 2021 when so many of the SPACs came to market, interest rates are now averaging 3% in the escrow accounts. This is up from when rates approximated 0% when the older SPACs came to market.

SPCX used in the chart above is an actively managed ETF comprised of SPAC IPOs. Using it as a proxy for the SPAC market and comparing its performance to the S&P 500 YTD, it’s clear that SPAC stocks are a diversifier in a portfolio – they trade off their own fundamentals. The very big risk-flattening mechanism is that they effectively have a price floor for each individual SPAC.

Portfolios looking to reduce downside risk yet maintain upside potential may want to allocate into well-selected individual SPACs. To do this some investors research by evaluating the market value of the issuance and comparing it to escrow trust account value balance. What they are looking for is pre-deal shell companies that are worth more than their market price. These situations where one pays less in cash than the cash the company holds is a strategy that is gaining popularity as all markets weaken. 

 

Source: SPAC Research

 

Take-Away

Competition to find perfect merger candidates intensified to an extreme never before seen for SPACs as issuance rose from 59 deals in 2019, to 248 in 2020, and 613 in 2021. A failed SPAC (one that doesn’t find a target in 24 months) is unfortunate for the finance company issuer, but it is not necessarily bad for the stockholder. Stockholders have the option if the company finds a target, of opting out and collecting their pro-rata share of the trust or retaining the stock and owning the company it acquires. If there is no acquisition within the specified period, the stockholder is cashed out at their pro-rata share of the trust. There are stocks that are trading for less than their escrow value, some investors seek these out.

For updates on small and microcap stocks, including SPACS, sign-up to receive Channelchek daily research and information.

 

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading



Investors Watch Media SPAC Stay in the Green as Markets Falter



Analysis of a SPAC





Merger of a SPAC, the De-SPAC Phase Explained



Lifecycle of a SPAC

 

Sources

https://www.spcxetf.com/the-fund/

https://www.spacresearch.com/

 

Stay up to date. Follow us:

 

Scheduled Speakers NobleCon18

NobleCon18 Scheduled Speakers


REGISTER FREE AS AN INVESTOR  |  PRESENTING COMPANY INQUIRIES  |  PRESENTING COMPANIES LIST  |  
SCHEDULE OF PRESENTERS
 |    |  NOBLECON18.COM

   

Bert Alfonso – CFO
Information Services (III)

Shone Anstey – CEO
LQwD FinTech (LQWDF)

Robert Archer – CEO and Director
Newrange Gold (NRGOF)

Douglas Bartole – President / CEO
InPlay Oil (IPOOF)

Tom Bock – EVP
Digital Media Solutions (DMS)

Michael Bondi – CFO
Comtech (CMTL)

Michael Borton – CFO
Flotek Industries (FTK)

Andrew Bowden – CEO
Item 9 Labs (INLB)

David Bruce – CEO
FGI Industries (FGI)

Brian Cantrell – SVP and CFO
Alliance Resource Partners (ARLP)

Daniel Carcillo – CEO
Wesana Health Holdings (WSNAF)

A.J. Cervantes Jr. – Chairman & Founder
Smart for Life (SMFL)

Mark Chalmers – President & CEO
Energy Fuels (UUUU)

Bradley Chhay – CFO
RCI Hospitality Holdings (RICK)

Spencer Cole – EVP North America
Vox Royalty (VOXCF)

Ryan Confer – CFO
Genprex (GNPX)

Michael Connors – CEO
Information Services (III)

Lisa Conte – CEO
Jaguar Health (JAGX)

Robert Crane – CFO
Axcella Therapeutics (AXLA)

Brian Culley – CEO , President & Director (New)
Lineage Cell Therapeutics (LCTX)

Gianni Del Signore – CFO
Pangaea Logistics (PANL)

Warren Duncan – CFO
Filament Health (FLHLF)

Justin Dye – CEO
Schwazze (SHWZ)

Paul Echt – CFO
Media and Games Invest

Stephen Ehrlich – CEO
Voyager Digital (VYGVF)

Mehran Ehsan – President & CEO
Permex Petroleum (OILCF)

Brian Evans – CFO
The GEO Group (GEO)

Michael Federle – CEO
Forbes Global Media

Kyle Floyd – CEO
Vox Royalty (VOXCF)

Scott Frohman – President
Odyssey Wellness

Peter Gianulis – CEO
Allegiant Gold (AUXXF)

John Gibson – CEO
Flotek Industries (FTK)

Ryan Goepel – CFO
Global Crossing Airlines (JETMF)

Ilan Hadar – CEO
PainReform Ltd. (PRFX)

Arjan Haverhals – President & CEO
Milestone Scientific (MLSS)

Wayne W. Heili – CEO
Peninsula Energy (PENMF)

Gerri Henwood – President & CEO
Baudax Bio (BXRX)

Matthew Hornor – President/CEO
Maple Gold Mines (MGMLF)

Nancy Huber – CFO
Schwazze (SHWZ)

Kathryn JohnBull – CFO
DLH (DLHC)

Lauri Kearnes – CFO
Harte Hanks (HHS)

John Keeler – CEO
Blue Star Foods (BSFC)

David Kelley – CEO
Chakana Copper (CHKKF)

Gust Kepler – CEO & Co-Founder
Blackboxstocks (BLBX)

Giorgi Khazaradze – CEO
Aurox

John Kiernan – CEO
Alico (ALCO)

Rani Kohen – Executive Chairman
SQL Technologies (SKYX)

Dmitry Kozko – CEO
Motorsport Games (MSGM)

Sean Krakiwsky – President & CEO
Nanalysis Scientific (NSCIF)

Eric Langan – CEO
RCI Hospitality Holdings (RICK)

Seth Lederman, MD – Co-Founder, CEO & Chairman
Tonix Pharmaceuticals (TNXP)

Arthur Levine – CFO
EZFill (EZFL)

Evan Levine – CEO
PsyBio Therapeutics (PSYBF)

Ben Lightburn – Co-Founder & CEO
Filament Health (FLHLF)

Brian Linscott – CEO
Harte Hanks (HHS)

Ken Londoner – CEO, Executive Chairman & Co-Founder
BioSig Technologies (BSGM)

Frank Lopez-Balboa – CFO
Cumulus Media (CMLS)

Paul Manley – VP Investor Relations
Wrap Technologies (WRAP)

Joe Marinucci – CEO
Digital Media Solutions (DMS)

Cary Marshall – VP, Corp Finance & Treasurer
Alliance Resource Partners (ARLP)

James Martin – CFO & Corporate Secretary
Cocrystal Pharma (COCP)

Evan Masyr – CFO
Salem Media Group (SALM)

Leonard Mazur – Executive Chairman
Citius Pharmaceuticals (CTXR)

Michael McConnell – CEO
EZFill (EZFL)

John McGraw – President & CEO
Izotropic Corporation (IZOZF)

Margot M. Micallef – Founder & CEO
GABY (GABLF)

Bobby Mikkelsen – CFO
Item 9 Labs (INLB)

Tim Millage – Current CFO
Lee Enterprises (LEE)

Darren Minton – President
Smart for Life (SMFL)

John Morrison – CFO
One Stop Systems (OSS)

Kevin Mowbray – President / CEO / Director
Lee Enterprises (LEE)

Shankar Musunuri, PhD – Founder, Chairman & CEO
Ocugen (OCGN)

Nir Naor – CFO
HMNC Brain Health

Jonathan New – CFO
Motorsport Games (MSGM)

Matt Nicosia – CEO
Vivakor (VIVK)

Robert Nistico – CEO
Splash Beverage Group (SBEV)

Steve O’Laughlin – Principal Financial Officer
Actinium Pharmaceuticals (ATNM)

George Palikaras – CEO
Meta Materials Inc. (MMAT)

Christiana Papadopoulos – IR Mgr
Sierra Metals (SMTS)

Zachary Parker – President and CEO
DLH (DLHC)

Eric Pharis – COO
Blackboxstocks (BLBX)

Michael Porcelain – CEO
Comtech (CMTL)

Scott Powell – EVP Investor Relations
VolitionRx (VNRX)

Evan Psaropoulos – CFO
Voyager Digital (VYGVF)

Peter Quigley – President & CEO
Kelly Services (KELYA)

Richard Rallo – CFO & Chief Accounting Officer
Alico (ALCO)

Jeffrey I. Rassás – Chief Strategy Officer
Item 9 Labs (INLB)

David Raun – CEO
One Stop Systems (OSS)

Dave Rosa – CEO
NeuroOne Medical Technologies (NMTC)

Stuart Rosenstein – CFO
Townsquare Media (TSQ)

Christopher Ruddy – CEO
Newsmax

Lena Russomagno – Associate Director of Operations
Tonix Pharmaceuticals (TNXP)

Corey Ruttan – CEO
Alvopetro Energy (ALVOF)

Shane Schaffer – CEO
Cingulate (CING)

Lou Schwartz – CEO
Engine Media and Gaming (GAME)

Tom Shannon – Founder & CEO
Bowlero Corp. (BOWL)

Matt Singh – CCO
Psyched Wellness (PSYCF)

Russell Skibsted – EVP, CFO & CBO
Rockwell Medical (RMTI)

Arthur Smith – CEO
Digerati Technologies (DTGI)

Jeremy Sobotta – President & CEO
Perimeter Medical Imaging AI (PYNKF)

Jeff Stevens – CEO
Psyched Wellness (PSYCF)

Sanjay Subramanian – CFO
Ocugen (OCGN)

Dean Taylor – CEO
Diamcor Mining (DMIFF)

Marie Tedesco – CFO
Beasley Broadcast Group (BBGI)

Olivier Thirot – CFO
Kelly Services (KELYA)

Suresh Venkatachari – Chairman & CEO
Healthcare Triangle (HCTI)

Gary Vogel – CEO
Eagle Bulk Shipping (EGLE)

William Willoughby – Director and CEO
Cypress Development (CYDVF)

Bill Wilson – CEO
Townsquare Media (TSQ)

Mark Wingertzahn – Chief Science Officer
Wesana Health Holdings (WSNAF)

Robert Winspear – CFO
Blackboxstocks (BLBX)

John Wobensmith – CEO
Genco Shipping (GNK)

David Wolfin – President & CEO
Avino Silver & Gold (ASM)

Zhenyu Wu – CFO
Elite Education Group International (EEIQ)

Michael York – CFO
Forbes Global Media

Chris Young – EVP, CFO & Treasurer
Entravision Communications (EVC)

Apostolos Zafolias – CFO
Genco Shipping (GNK)

Scheduled Speakers – NobleCon18

NobleCon18 Confirmed Speakers


REGISTER FREE AS AN INVESTOR  |  PRESENTING COMPANY INQUIRIES  |  NOBLECON18.COM


Bert Alfonso – CFO
Information Services (III)

Robert Archer – CEO and Director
Newrange Gold Corp. (NRGOF)

Douglas Bartole – President / CEO
InPlay Oil (IPOOF)

Michael Bondi – CFO
Comtech (CMTL)

Michael Borton – CFO
Flotek Industries (FTK)

Andrew Bowden – CEO
Item 9 Labs Corp. (INLB)

Brian Cantrell – SVP and CFO
Alliance Resource Partners, L.P. (ARLP)

Daniel Carcillo – CEO
Wesana Health Holdings Inc. (WSNAF)

John Carlesso – CEO
FenixOro Gold Corp. (FDVXF)

Mark Chalmers – President & CEO
Energy Fuels (UUUU)

Bradley Chhay – CFO
RCI Hospitality Holdings, Inc. (RICK)

Michael Connors – CEO
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Lisa Conte – CEO
Jaguar Health (JAGX)

Robert Crane – CFO
Axcella Therapeutics (AXLA)

Gianni Del Signore – CFO
Pangaea Logistics (PANL)

Warren Duncan – CFO
Filament Health Corp. (FLHLF)

Justin Dye – CEO
Schwazze (SHWZ)

Stephen Ehrlich – CEO
Voyager Digital Ltd. (VYGVF)

Brian Evans – CFO
The GEO Group, Inc. (GEO)

Peter Gianulis – CEO
Allegiant Gold (AUXXF)

John Gibson – CEO
Flotek Industries (FTK)

Ryan Goepel – CFO
Global Crossing Airlines Inc. (JETMF)

Ilan Hadar – CEO
PainReform Ltd. (PRFX)

Arjan Haverhals – President & CEO
Milestone Scientific (MLSS)

Gerri Henwood – President & CEO
Baudax Bio, Inc. (BXRX)

Nancy Huber – CFO
Schwazze (SHWZ)

Kathryn JohnBull – CFO
DLH (DLHC)

Lauri Kearnes – CFO
Harte Hanks (HHS)

John Keeler – CEO
Blue Star Foods Corp. (BSFC)

David Kelley – CEO
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Gust Kepler – CEO & Co-Founder
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Giorgi Khazaradze – CEO
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Eric Langan – CEO
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Seth Lederman, MD – Co-Founder, CEO & Chairman
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Ben Lightburn – Co-Founder & CEO
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Brian Linscott – CEO
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Ken Londoner – CEO, Executive Chairman & Co-Founder
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Paul Manley – VP Investor Relations
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Cary Marshall – VP, Corp Finance & Treasurer
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James Martin – CFO & Corporate Secretary
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Evan Masyr – CFO
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Margot M. Micallef – Founder & CEO
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Tim Millage – CFO
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Kevin Mowbray – President / CEO / Director
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Shankar Musunuri, PhD – Founder, Chairman & CEO
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Nir Naor – CFO
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Chris Naprawa – President
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Robert Nistico – CEO
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Steve O’Laughlin – Principal Financial Officer
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Christiana Papadopoulos – IR Mgr
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Eric Pharis – COO
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Michael Porcelain – CEO
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Peter Quigley – President & CEO
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Jeffrey I. Rassás – Chief Strategy Officer
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Dave Rosa – CEO
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Stuart Rosenstein – CFO
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Lena Russomagno – Associate Director of Operations
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Corey Ruttan – CEO
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David Santrella – President, Broadcast Media
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Matt Singh – CCO
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Russell Skibsted – EVP, CFO & CBO
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Arthur Smith – CEO
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Jeff Stevens – CEO
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Sanjay Subramanian – CFO
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Olivier Thirot – CFO
Kelly Services (KELYA)

Suresh Venkatachari – Chairman & CEO
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William Willoughby – Director and CEO
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Bill Wilson – CEO
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Mark Wingertzahn – Chief Science Officer
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Robert Winspear – CFO
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The GEO Group, Inc. (GEO) – Solid Performance in a Challenging Year

Friday, February 18, 2022

The GEO Group, Inc. (GEO)
Solid Performance in a Challenging Year

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

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.

    4Q21 Results. The GEO Group reported solid results for the fourth quarter of 2021. Total revenue for the quarter was $557.5 million compared to guidance of $554-$559 million. We were at $555 million. GEO reported AFFO of $0.65/sh, compared to guidance of $0.65/sh -$0.67/sh. We were at $0.58/sh. Adjusted earnings were $0.38/sh versus $0.33/sh last year.

    Full Year 2021.  In a difficult year of COVID and non-renewal of contracts, revenue declined 4.0% to $2.26 billion. GAAP EPS was $0.58 and adjusted EPS was $1.32, compared to $0.94 and $1.30, respectively, in 2020. AFFO for 2021 was $2.48 per share, similar to the $2.51 in 2020. Adjusted EBITDA in 2021 was $466.9 million, up from $439.8 million last year …



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. 

Is the SEC conducting Unfounded Investigations of Elon Musk


Image Credit: Maurizio Pesce


Musk’s Lawyers Suggest a Rogue U.S. Agency is being Weaponized Against Him

 

Tesla CEO Elon Musk’s legal representatives say the Securities and Exchange Commission (SEC) is conducting ‘unfounded investigations’ on him and the EV company. In a letter, to a federal judge, Tesla’s lawyers accuse the regulator of not distributing a $40 million fine paid after a 2018 settlement to shareholders allegedly harmed over Musk’s Twitter posts.

The correspondence sent Thursday (February 16) accuses the SEC of conducting “unfounded investigations” of Mr. Musk and Tesla. The letter was addressed to the federal judge who oversaw the settlement. As a result, Tesla has essentially become what it sees as a whistleblower against the SEC.

 

Background

Tesla and the SEC settled an enforcement action in 2018 that alleged that Musk had committed fraud by tweeting about a potential buyout of the company. Tesla paid $20 million to settle that case. Musk also personally paid $20 million. He also agreed to have his public statements on social media overseen by Tesla lawyers.

In correspondence sent to Tesla in both 2019 and 2020, the SEC said tweets Musk wrote regarding Tesla’s solar roof production volumes and its stock price hadn’t undergone the required preapproval and supervision.  The communications involving the Commission are part of the tensions between the nation’s public market regulator and the founder of the $927 billion dollar car company. It should also be noted that after the settlement, Musk publicly mocked the SEC.

To date, the SEC hasn’t distributed the $40 million in fine money to those holding shares at the time of his 2018 tweets that claimed he planned to take Tesla private, according to the letter sent to the judge. The part of the agreement that was to be upheld by Tesla (in addition to the $40 million) is that company lawyers would preclear certain of the CEO’s tweets and other public statements. The SEC wants proof of adherence.

Tesla’s New Accusation

According to the letter signed by Tesla attorney Andrew Spiro, “The SEC seems to be targeting Mr. Musk and Tesla for unrelenting investigation largely because Mr. Musk remains an outspoken critic of the government.” The letter addressed to U.S. District Judge Alison Nathan in Manhattan, pointed out that if the Commission was concerned “the SEC has not once come before Your Honor to seek discovery concerning compliance under the consent decree,” the letter continues, “Instead, it has gone rogue, and unilaterally opened its own investigations.”  Then Spiro accuses, “The SEC has conducted these investigations wholly outside of this court’s supervision.”

Take-Away

Tesla attorney Andrew Spiro’s letter suggests that Elon Musk and the company’s board regret settling and agreeing to the social-media oversight policy, and monetary portion, which Judge Nathan approved. Also, the company decided to resolve the lawsuit because it believed that fine money would go to Tesla shareholders. In the absence of, (according to Tesla), the SEC not keeping its part of the deal, and (according to the SEC) Tesla not adequately maintaining its part of the agreement, tensions may soon come to a head.

 

Suggested Reading



Tesla’s Strange Influence on the Markets



Publicly Traded Chinese Companies Duty to Shareholders





Elon Musk Reminds Jeff Bezos that He’s Pulling Away



New Measures to Limit Government Officials Trading

 

Sources

https://www.sec.gov/news/press-release/2018-226

https://www.wsj.com/articles/sec-subpoenas-tesla-seeking-information-linked-to-elon-musk-settlement-11644248873?mod=article_inline

https://www.theguardian.com/technology/2021/jun/02/elon-musk-tweets-tesla-sec-settlement#:~:text=The%20SEC%20had%20sued%20Musk,13.3%25%2C%20violated%20securities%20law.

https://nypost.com/2022/02/17/elon-musk-lawyer-sec-gone-rogue-stiffed-tesla-investors-40m/

https://www.autonews.com/executives/elon-musk-tesla-accuse-sec-unrelenting-probe


 

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