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$CNCG Concierge Technologies Reports First Quarter Financial Results
Press Release | 11/15/2021
San Clemente, Calif., Nov. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Concierge Technologies, Inc. (OTC: CNCG), a diversified global holding firm, today reported financial results for the first fiscal quarter ended September 30, 2021.
Revenues for the three-month period totaled $9.7 million, compared with $10.7 million a year ago. Due to the settlement of a legal matter, the Company sustained a net loss of approximately $1.9 million, or a loss of $.05 per share, for the quarter ended September 30, 2021, versus net income of $2.2 million, equal to $.06 per fully diluted share, for the quarter ended September 30, 2020.
Results were impacted primarily by a $2.5 million settlement in connection with the resolution of SEC / CFTC regulatory Wells notices against the Company’s indirect subsidiary, United States Commodity Funds, LLC (“USCF Investments”) and United States Oil Fund, LP, in which USCF Investments is the general partner, which are related business units of Concierge’s subsidiary Wainwright Holdings, Inc. (“Wainwright”), the Company’s primary operation in its financial services segment. Excluding the settlement, net income totaled approximately $600,000 for the current quarter.
For the three-month period ended September 30, 2021, Wainwright, had revenues of $5.7 million versus $7.0 million a year ago. Average assets under management (“AUM”) had gradually been declining over the course of the past year from $5.6 billion at September 30, 2020 to $4.2 billion at September 30, 2021. The lower AUM resulted in lower fund management revenue on a comparative basis. Excluding the settlement payment, Wainwright’s operating income totaled $2.1 million for the quarter ended September 30, 2021, versus operating income of $3.2 million a year ago. With the settlement payment, Wainwright recorded an operating loss of $368,000 for the quarter ended September 30, 2021.
The Company’s “Other” operating segment – which consists of Gourmet Foods, Printstock, Brigadier Security Systems and Original Sprout – recorded higher total revenues for the quarter, increasing to $4.2 million from $3.7 million a year ago. Revenues increased slightly for each of the operating units in this segment over the prior year’s first quarter.
Income from operations attributed to the “Other” segment increased to $298,000 for the quarter, up slightly from $259,000 from the prior year comparison period. Income was impacted principally by global supply chain challenges at the Company’s Original Sprout business unit, including higher costs of raw materials and freight due, in part, to the impact of COVID-19.
Concierge Technologies’ balance sheet remains strong and furthered improved at September 30, 2021, with total assets of $32.2 million, compared with $31.5 million, at June 30, 2021. Cash and cash equivalents at September 30, 2021 advanced to $17.3 million from $16.1 million at June 30, 2021. The Company remains essentially debt free.
“Although we posted a net loss, we are pleased with the operational performance of our subsidiaries,” said David Neibert, Concierge Technologies’ Chief Operations Officer. “Original Sprout, Brigadier Security, Printstock and Gourmet Foods are in various stages of expanding their respective sales channels and product offerings. Subsequent to the close of the first quarter, USCF Investments launched its newest fund, and our fintech product at Marygold is nearing the operational stage. All operating companies posted a profit this quarter, and we’re looking forward to improving throughout the coming year.”
Nicholas Gerber, Chief Executive Officer, added, “We were pleased during the first quarter to have completed the formation of Marygold & Co. (UK) Limited, which subsequently signed a definitive agreement to acquire Tiger Financial & Asset Management Limited, an established and certified investment advisor in the U.K., in a transaction that is expected to close before the end of the 2021 calendar year. Our entire team continues working diligently to grow our business profitably and achieve our collective long-term goal of increasing shareholder value.”
Business Units
Gourmet Foods, https://gourmetfoodsltd.co.nz/, acquired in August 2015, is a commercial-scale bakery that produces and distributes iconic meat pies and pastries throughout New Zealand under the brand names Pat’s Pantry and Ponsonby Pies. Acquired by Gourmet Foods in July 2020, Printstock Products Limited https://www.printstocknz.com/ , is a printer of specialized food wrappers and is located in Napier, New Zealand. Its operations are consolidated with those of Gourmet Foods.
Brigadier Security Systems, www.brigadiersecurity.com, acquired in June 2016 and headquartered in Saskatoon, Canada, provides comprehensive security solutions to homes and businesses, government offices, schools and other public buildings throughout the province under the brands Brigadier Security Systems in Saskatoon and Elite Security in Regina, Canada.
The Company’s USCF Investments operation, www.uscfinvestments.com, acquired as part of the Wainwright Holdings transaction in December 2016 and based in Walnut Creek, Calif., serves as manager, operator or investment adviser to 10 exchange traded products, structured as limited partnerships or investment trusts that issue shares trading on the NYSE Arca.
Acquired by Concierge at the end of 2017, California-based Original Sprout, www.originalsprout.com, produces and distributes a full line of vegan, safe, non-toxic hair and skin care products, including a “reef safe” sun screen, in the U.S. and its territories, the U.K., E.U., Turkey, Middle East, Africa, Taiwan, Mexico, South America, Singapore, Hong Kong, Malaysia, New Zealand, Australia and Canada among other areas.
Marygold & Co., formed in the U.S. during 2019 and operating from offices in Denver, CO, together with its wholly owned subsidiary, Marygold & Co. Advisory Services, LLC, was established to explore opportunities in the financial technology sector. The Company continues in the development stage as it works toward introduction of a fintech mobile banking app. https://marygoldandco.com/.
About Concierge Technologies, Inc.
Concierge Technologies, originally founded in 1996, was repositioned as a global holding firm in 2015, and currently has operating subsidiaries in financial services, food manufacturing, printing, security systems and beauty products. Offices and manufacturing operations are in the U.S., New Zealand, U.K., and Canada. For more information, visit www.conciergetechnology.net.
Forward-Looking Statements
This press release may contain "forward-looking statements" that include information relating to Concierge Technologies’ future events. Such forward-looking statements, including, but not limited to, expansion of the sales channels and product offerings of the Company’s business units and completion of Marygold & Co. (UK) Limited’s acquisition of Tiger Financial, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that the Company makes due to a number of important factors, including business effects, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov or the Company’s website at www.conciergetechnology.net. The Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise.
Media and investors, for more Information, contact:
Roger S. Pondel
PondelWilkinson Inc.
310-279-5965
rpondel@pondel.com
Contact the Company:
David Neibert, Chief Operations Officer
949-429-5370
dneibert@conciergetechnology.net
(Financial tables follow)
CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
September 30, 2021 June 30, 2021 (1)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 17,281,380 $ 16,072,955
Accounts receivable, net 1,458,312 1,070,541
Accounts receivable - related parties 1,761,830 2,038,054
Inventories 2,109,390 1,951,792
Prepaid income tax and tax receivable 856,072 747,343
Investments 1,322,642 1,828,926
Other current assets 318,218 399,524
Total current assets 25,107,844 24,109,135
Restricted cash 13,748 13,989
Property, plant and equipment, net 1,471,602 1,573,445
Operating lease right-of-use asset 893,562 1,058,199
Goodwill 1,043,473 1,043,473
Intangible assets, net 2,259,494 2,341,803
Deferred tax assets, net-U.S. 827,476 827,476
Other assets, long - term 540,160 540,160
Total assets $ 32,157,359 $ 31,507,680
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable, accrued expenses and legal settlement $ 6,622,022 $ 3,862,874
Expense waivers – related parties 108,012 69,684
Operating lease liabilities, current portion 457,586 513,071
Notes payable - related parties 603,500 603,500
Loans - property and equipment, current portion 14,840 15,094
Total current liabilities 7,805,960 5,064,223
LONG-TERM LIABILITIES
Loans - property and equipment, net of current portion 365,838 379,804
Operating lease liabilities, net of current portion 496,629 607,560
Deferred tax liabilities, net-foreign 169,429 169,429
Total long-term liabilities 1,031,896 1,156,793
Total liabilities 8,837,856 6,221,016
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 50,000,000 authorized
Series B: 49,360 issued and outstanding at September 30, 2021 and at June 30, 2021 49 49
Common stock, $0.001 par value; 900,000,000 shares authorized; 37,485,959 shares issued and outstanding at September 30, 2021 and at June 30, 2021 37,486 37,486
Additional paid-in capital 9,330,843 9,330,843
Accumulated other comprehensive income 56,413 142,581
Retained earnings 13,894,712 15,775,705
Total stockholders' equity 23,319,503 25,286,664
Total liabilities and stockholders' equity $ 32,157,359 $ 31,507,680
(1) Derived from audited financial statements
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME
(UNAUDITED)
Three Months Ended September 30, 2021 Three Months Ended September 30, 2020
Net revenue
Fund management - related party $ 5,657,027 $ 7,036,301
Food products 2,361,793 2,057,369
Security systems 690,856 678,643
Beauty products 1,021,071 972,744
Net revenue 9,730,747 10,745,057
Cost of revenue 2,652,014 2,399,151
Gross profit 7,078,733 8,345,906
Operating expense
General and administrative expense 2,113,820 1,911,045
Fund operations 1,101,617 902,841
Marketing and advertising 723,591 801,092
Depreciation and amortization 154,765 166,071
Salaries and compensation 2,131,298 1,696,244
Legal settlement 2,500,000 -
Total operating expenses 8,725,091 5,477,293
(Loss) income from operations (1,646,358 ) 2,868,613
Other income:
Interest and dividend income 7,396 8,604
Interest expense (10,200 ) (10,083 )
Other income 6,993 118,625
Total other income, net 4,189 117,146
(Loss) income before income taxes (1,642,169 ) 2,985,759
Provision of income taxes (238,824 ) (766,325 )
Net (loss) income $ (1,880,993 ) $ 2,219,434
Weighted average shares of common stock
Basic and diluted 38,473,159 38,473,159
Net (loss) income per common share
Basic and diluted $ (0.05 ) $ 0.06
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(UNAUDITED)
Three Months Ended September 30, 2021 Three Months Ended September 30, 2020
Net (loss) income $ (1,880,993 ) $ 2,219,434
Other comprehensive income:
Foreign currency translation (loss) gain (86,168 ) 72,714
Comprehensive (loss) income $ (1,967,161 ) $ 2,292,148
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
FOR THE THREE MONTH PERIODS ENDING SEPTEMBER 30, 2021 AND SEPTEMBER 30, 2020
(UNAUDITED)
Period Ending September 30, 2021 Preferred Stock (Series B) Common Stock
Number of Shares Amount Number of Shares Par Value Additional Paid - in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings Total Stockholders' Equity
Balance at July 1, 2021 49,360 $ 49 37,485,959 $ 37,486 $ 9,330,843 $ 142,581 $ 15,775,705 $ 25,286,664
Loss on currency translation - - - - - (86,168 ) - (86,168 )
Net loss - - - - - - (1,880,993 ) (1,880,993 )
Balance at September 30, 2021 49,360 $ 49 $ 37,485,959 $ 37,486 $ 9,330,843 $ 56,413 $ 13,894,712 $ 23,319,503
Period Ending September 30, 2020 Preferred Stock (Series B) Common Stock
Number of Shares Amount Number of Shares Par Value Additional Paid - in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings Total Stockholders' Equity
Balance at July 1, 2020 53,032 $ 53 37,412,519 $ 37,412 $ 9,330,913 $ (144,744 ) $ 9,926,262 $ 19,149,896
Gain on currency translation - - - - - 72,714 - 72,714
Net income - - - - - - 2,219,434 2,219,434
Balance at September 30, 2020 53,032 $ 53 37,412,519 $ 37,412 $ 9,330,913 $ (72,030 ) $ 12,145,696 $ 21,442,044
The accompanying notes are an integral part of these condensed consolidated financial statements.
CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
For the Three Month Period Ended
September 30,
2021 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income $ (1,880,993 ) $ 2,219,434
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation and amortization 154,765 166,071
Bad debt expense - 13,749.00
Unrealized loss (gain) on investments 1,059 (1,067 )
Loss (gain) on disposal of equipment 23,407 (2,100 )
Operating lease right-of-use asset - non-cash lease cost 164,637 128,320
Decrease (increase) in current assets:
Accounts receivable (397,282 ) (205,324 )
Accounts receivable - related party 276,224 433,110
Prepaid income taxes and tax receivable (111,698 ) 859,118
Inventories (154,924 ) (137,859 )
Other current assets 129,731 134,208
Decrease (increase) in current liabilities:
Accounts payable, accrued expenses and legal settlement 2,786,828 (179,660 )
Operating lease liabilities (166,417 ) (129,324 )
Expense waivers - related party 38,328 306,653
Net cash provided by operating activities 863,665 3,605,329
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for acquisition of assets - (723,150 )
Purchase of real estate and equipment (3,560 ) (5,657 )
Sale of investments 506,462 -
Purchase of investments (423 ) (2,694 )
Net cash provided by (used in) investing activities 502,479 (731,501 )
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of property and equipment loans (3,584 ) (3,282 )
Net cash (used in) financing activities (3,584 ) (3,282 )
Effect of exchange rate change on cash and cash equivalents (154,376 ) 210,997
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,208,184 3,081,543
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE 16,086,944 9,826,042
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE $ 17,295,128 $ 12,907,585
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest paid $ 4,080 $ 3,963
Income taxes paid (refunded) $ 296,768 $ (238,458 )
Non-cash financing and investing activities:
Reclassification of acquisition deposit $ - $ 122,111
Purchase price payable $ - $ 277,577
The accompanying notes are an integral part of these condensed consolidated financial statements.
Is that Battery fund still on trickle charge?
Time to get the jumper cables out...
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Sure hope it was worth 2 1/2 rocks
Perhaps just following a lawyer’s recommendation.
Gonzo would likely recommend an insanity defense.
.
USCF's new gold fund $GLDX is up and running
USCF: $GLDX
https://www.uscfinvestments.com/gldx
$CNCG
https://www.conciergetechnology.net/subsidiary-companies/
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"All-in-one" payment service
"A new fintech has emerged in the US looking to take on established banks and provide what it calls an 'all-in-one payment service.
Colorado-based Marygold & Co is targeting individuals and families with a 'secure way to send, receive, spend, and save'..."
https://www.fintechfutures.com/2021/10/new-us-fintech-marygold-co-to-provide-all-in-one-payment-service/
https://marygoldandco.com/
https://www.conciergetechnology.net/
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Marygold launches unique banking and financial services solution built to organize financial lives
"Marygold & Co. today announced the beta launch of its unique fintech solution, a free banking and financial services app plus debit card combination that provides access to FDIC-insured accounts and an empowering digital alternative to traditional banking...."
https://www.yahoo.com/now/marygold-co-launches-unique-banking-120000634.html
https://marygoldandco.com/
https://www.conciergetechnology.net/
.
You've got money!
Marygold & Co. recently signed a deal with Elwood Edwards, the iconic voice from America Online’s famous “You’ve Got Mail” notification, to be an official voice for the company’s app. Within the Marygold & Co. application, Edwards’ voice will say things like, “You’ve got money!” when clients receive a payment.
https://www.globenewswire.com/news-release/2021/10/26/2320566/0/en/Marygold-Co-launches-unique-banking-and-financial-services-solution-built-to-organize-financial-lives.html
https://marygoldandco.com/
https://www.conciergetechnology.net/
.
Marygold is live as per Facebook post.How pathetic that there investor relations doesnt put out a news release first.They really dont care about there share holders or getting new investors in stock.Definetly undervalued right now.
Marygold_Links: Home, FaceBook, Linkedin, Twitter, YouTube, CNCG subsidiaries
https://marygoldandco.com/
https://www.facebook.com/marygoldco
https://www.linkedin.com/company/marygold-co?trk=similar-pages
https://twitter.com/MarygoldandCo
https://www.youtube.com/channel/UCFWM7uKwMNmQbNx57OEWSTg
https://www.conciergetechnology.net/subsidiary-companies/
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"Big things are coming..." According to Marygold's Twitter page
https://twitter.com/i/status/1452711619545415692
https://twitter.com/MarygoldandCo
https://www.conciergetechnology.net/subsidiary-companies/
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Midstream_Energy_Income_Fund's total net assets now over $123M
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
Time_to_get_the_word_out on CNCG's plans included in recent filings.
https://www.sec.gov/cgi-bin/browse-edgar?company=concierge+technologies&match=contains&action=getcompany
Is there a potential new symbol selected for the company's name change?
Has (or when will) an application be made for upgrading to a big time market exchange?
Is the Marygold card ready for its full scale US launch?
Are there any new USCF fund ideas coming up?
Why do new USCF funds get stuck in public offering purgatory?
(Whose full time job is it to continually update and release delay documents month after month?)
How many more Cooks and Presidents do we need to hire to get things moving?
Will any of these new hires give up their day jobs?
The more investors can clearly see a definite path going forward the more likely they will be to invest in this company.
$CNCG
https://www.conciergetechnology.net/
USCF
https://www.uscfinvestments.com/home
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CNCG's Marygold subsidiary quite active on Facebook and Twitter
https://www.facebook.com/marygoldco
https://twitter.com/MarygoldandCo
Unfortunately just continuing to copy snappy little quotes doesn't really amount to much in the long run.
$CNCG
https://www.conciergetechnology.net/
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Midstream_Energy_Income_Fund's total net assets rise to over $120M today
Rising oil prices are also pushing $USO (USCF's United States Oil Fund) back toward the $3B mark.
We're also still waiting on the launch of USCF's new Gold fund and Battery Strategy fund.
https://www.sec.gov/Archives/edgar/data/1597389/000117120021000157/i21185_etf-485apos.htm
https://www.sec.gov/Archives/edgar/data/1597389/000117120021000274/i21477_etfzsb-485apos.htm
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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I completely agree xbet. I have been buying since 60 cents and will not even consider selling any until at least 10 a share. If Marygold in itself becomes successful this could be 20 dollars or higher in my opinipn.
Unbelievable this is a pink sheet stock after 2 blowout quarters and all the cash on hand.Just a matter of weeks until it gets recognized in a larger exchange and gets to proper price and volume.Marygold and Uscf subsidiaries should propel this to 10.00 plus in my opinion.
CEO comments on Marygold-UK and Tiger Financial acquisition, from 10K
Nicholas Gerber, Chief Executive Officer, said, “Adding to our financial services offerings, subsequent to the close of fiscal 2021 we formed a wholly owned subsidiary, Marygold & Co. (UK) Limited, which, in turn, signed a definitive agreement to acquire Tiger Financial & Asset Management Limited, an established and certified investment advisor in the U.K. Tiger’s core business is managing clients’ financial wealth across a diverse range of products, which eventually we hope will include services as provided by Marygold in the United States. The transaction is expected to close before the end of 2021 calendar year, subject to customary closing conditions, including approval of the U.K. Financial Conduct Authority (FCA).
https://www.globenewswire.com/news-release/2021/09/22/2301721/0/en/Concierge-Technologies-Reports-Fiscal-2021-Financial-Results.html
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COO comments on subsidiaries PrintStock, Marygold, Brigadier, Original-Sprout in 10K
“Fiscal 2021 was an active and highly productive year,” said David Neibert, Concierge Technologies’ Chief Operations Officer. “In July 2020, we completed the acquisition of New Zealand-based Printstock Products, which prints wrappers for food products, including Gourmet Foods and others, and whose operations have been consolidated into Gourmet Foods. Our newest subsidiary, Marygold & Co., made excellent progress developing a proprietary banking and financial services app for sending, receiving, spending and saving securely through mobile devices. Marygold is now working toward completion of the testing phase prior to launch and widescale marketing. Brigadier Security Systems has pivoted nicely from residential hardware as a primary market to focus on commercial and public building clientele, where COVID-19 poses fewer restrictions to complete system installations. Lastly, Original Sprout completed a relocation to spacious new facilities in preparation for staging its entry into the big box distribution channel.”
https://www.globenewswire.com/news-release/2021/09/22/2301721/0/en/Concierge-Technologies-Reports-Fiscal-2021-Financial-Results.html
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Midstream_Energy_Income_Fund's total net assets rise again, over $117M Friday
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Midstream_Energy_Income_Fund's total net assets surge to over $113M today
With 100k more shares being created today
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
CNCG:
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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Midstream_Energy_Income_Fund reaches $105M total net assets, plus 200k new shares created today
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
.
Midstream_Energy_Income_Fund now exceeds $104M in total net assets
The fund is controlled by CNCG's subsidiary USCF.
Higher NAV total leads to higher fund fees, higher income for CNCG.
USCF: $UMI
https://www.uscfinvestments.com/holdings/umi
$CNCG
https://www.conciergetechnology.net/subsidiary-companies/
#CNCG
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CNCG Net income/share rises to $0.15 vs $0.05
https://finance.yahoo.com/news/concierge-technologies-reports-fiscal-2021-200500775.html
.
CNCG Revenue +49%, Net Income +300%
https://finance.yahoo.com/news/concierge-technologies-reports-fiscal-2021-200500775.html
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WOW, CNCG reports "Sharply Higher Financial Results!"
https://www.stocktitan.net/news/CNCG/concierge-technologies-reports-fiscal-2021-financial-jdexlnv07uii.html
WOW
https://en.wikipedia.org/wiki/Wow!_signal
.
10 day countdown to CNCG year end earnings
Or will it be "The Marygold Companies Inc" earnings by then ???
Name change could be effective as soon as 20 days after the info was disclosured to stockholders.
https://seekingalpha.com/filing/5705072
https://www.sec.gov/Archives/edgar/data/1005101/000117120021000321/i21550_cncg-def14c.htm
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Midstream Energy Fund back over $100m in net assets
USCF
https://www.uscfinvestments.com/holdings/umi
$CNCG
https://www.conciergetechnology.net/subsidiary-companies/
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CNCG touched $4.94 on small lots today
Other small lots were selling at $3.30
Last quoted price w/o small lots still holding at $3.25
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Marygold's News/Blog page updated
https://marygoldandco.com/news/
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Additional Marygold video shorts are available on Facebook
https://www.facebook.com/pg/marygoldco/videos/?ref=page_internal
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Yesterday's small lots went well over the 52-week-high,
lots <100 shares don't count in final quotes.
Earnings due before end of this month.
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New 52 week high. This is only the start I believe of a major run up as all the pieces are coming together.
Marygold service must be about ready to launch
Marygold social media pages are becoming more and more active.
Planned company name change and potential up-listing should set a new enhanced price level.
USCF's Gold fund still waiting.
Yearend earnings due later this month likely to show a promising yr/yr improvement.
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CNCG surging to $3 today with small lots
Prior 52 week high was $3.20
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Everything becomes Marygold, More market uplisting talk too in newest filing,
https://www.sec.gov/Archives/edgar/data/1005101/000117120021000319/i21545_cncg-pre14c.htm
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Concierge name change to Marygold companies coinciding with an anticipated uplift to a major change. Welcomed news. Big year ahead!!!!!!
Very undervalued at this price partly because of its otc listing.Nevertheless we could be looking at stock price of 5 to ten dollars once Marygold comes out and everything else falls into place including an uplifting to a major exchange.
Marygold Purchases Tiger-Financial in Move to Launch UK_Fintech_App
"Marygold & Co, a neobank that is providing banking services in partnership with LendingClub Bank, has purchased Tiger Financial & Asset Management in a move said to be a precursor to a UK launch of a Fintech app."...
https://www.crowdfundinsider.com/2021/08/179309-marygold-co-purchases-tiger-financial-asset-management-in-move-to-launch-uk-fintech-app/
Marygold & Co:
https://marygoldandco.com/
Tiger Financial :
http://www.tfam.co.uk/home/page.php?id=1
$CNCG Subsidiaries:
https://www.conciergetechnology.net/subsidiary-companies/
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Marygold(UK) Subsidiary Enters Agreement to Acquire Tiger Financial
“Marygold UK was recently formed by Concierge Technologies to be the holding company for just such purposes as this acquisition,” said Nicholas Gerber, CEO of Concierge Technologies. “Tiger is a well-positioned, profitable, asset manager that we believe will be immediately accretive. We feel that Tiger perfectly fits the profile for expanding the reach of our financial services offerings beyond the U.S. borders.”
https://finance.yahoo.com/news/concierge-technologies-expand-financial-services-124500219.html
https://www.sec.gov/Archives/edgar/data/1005101/000143774921020271/cncgd20210730_8k.htm
Marygold & Co
https://marygoldandco.com/
$CNCG
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#CNCG
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New subsidiary president is a former banker, (unlike Kramer)
Concierge Technologies Establishes U.K. Subsidiary As Holding Company for Potential U.K. and EU Acquisitions and Business Activities
"Mr. Parden previously was chief executive officer of London-based financial planning and wealth management firm Aspinalls, a position he held from 2015 to 2020. Prior to that, for 17-years, he was employed at Duncan Lawrie Private Bank, also headquartered in London, including four years as its CEO. Mr. Parden is a chartered accountant (FCA) and qualified financial adviser (Dip PFS) with experience in regulated and unregulated financial advice, onshore and offshore private banking, private client investment management, audit, tax, and mergers & acquisitions."
https://www.streetinsider.com/Globe+Newswire/Concierge+Technologies+Establishes+U.K.+Subsidiary+As+Holding+Company+for+Potential+U.K.+and+EU+Acquisitions+and+Business+Activities/18754997.html
Kramer
#CNCG shares up over 5% today
https://theotcexchange.com/companies/cncg/
CNCG $CNCG
https://www.conciergetechnology.net/
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Twitter page of Marygold_&_Co is active again
Marygold & Co
https://twitter.com/MarygoldandCo
CNCG
https://www.conciergetechnology.net/subsidiary-companies/
https://twitter.com/search?q=%24CNCG&src=cashtag_click
$CNCG #CNCG
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Concierge Technologies Establishes U.K. Subsidiary As Holding Company for Potential U.K. and EU Acquisitions and Business Activities
Nicholas Gerber, CEO of Concierge Technologies, said,
“We are delighted to have established our U.K. presence through the formation of Marygold & Co. (UK) Limited, paving the way for potential expansion of the company’s financial services offerings, including our asset management and advisory services business, and the fintech app that Marygold & Co. plans to introduce, on a global scale. We are fortunate in being able to attract an experienced financial services executive such as Matthew Parden to head this growth initiative for Concierge Technologies, which we anticipate will include acquisitions, using our existing business units as a foundation.”
https://www.globenewswire.com/news-release/2021/08/02/2273130/0/en/Concierge-Technologies-Establishes-U-K-Subsidiary-As-Holding-Company-for-Potential-U-K-and-EU-Acquisitions-and-Business-Activities.html
$CNCG
https://www.conciergetechnology.net/
#CNCG
Marygold & Co
https://marygoldandco.com/
...
USCF dreams up another fund, SomethingOrOther Battery Fund
Good idea, confusing name....
"(the “Fund”) seeks total return from metals derivatives and equities of companies engaged in the production or processing of metals that are used in batteries and infrastructure to support the transition to a lower carbon global economy."
https://www.sec.gov/Archives/edgar/data/1597389/000117120021000274/i21477_etfzsb-485apos.htm
USCF
https://www.uscfinvestments.com/home
CNCG
https://www.conciergetechnology.net/subsidiary-companies/
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CNCG Now Pink Current
https://www.otcmarkets.com/stock/CNCG/disclosure
Butler updated his launch time for Marygold
Getting close.
More info to those who send a PM.
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Marygold YouTube shorts still gaining views
Marygold Channel:
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Marygold Home:
https://marygoldandco.com/
$CNCG
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Latest Marygold News/Blog: Financial Spring Cleaning
Spring is the season for cleaning and that shouldn’t just end at home. Your finances should go through a little spring cleaning themselves......
https://marygoldandco.com/financial-spring-cleaning/
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