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There are 3 gaps in the one month chart, the price closed above the upper bollinger band on Friday and it is overbought on every indicator, the Macd has some room to get above the zero line though so maybe an up day tomorrow. I can’t buy into this now though, I missed it and I’ve moved on. If the gaps fill I’ll take another look in a month.
Yeah I thought that also but no one else did until mid October
How’s it going 2b
How’s it going ‘22
I point out the immediate opportunity then nothing for two weeks then it takes off, the.market isn’t timely enough
Yeah I missed it, sold in early October, another instance where two weeks after the last iHub post it reversed higher
Needs to be an investigation into whether the OTC is making decisions based on the US inflation rate, which is illegal in my opinion, as only the FED and elected US government are tasked with combating inflation, officials may have pressured the OTC to delay the CE removal for that purpose to contain the wealth creation to foreign countries which would be a newsworthy scandle. Too much manipulation involving entities that shouldn’t be involved including the negativity in the media trying to generate a downturn purposefully.
Maybe the otc thinks it would be worse for inflation to have many millionaire investors (buyers) created, even though it would be a zero sum wealth transfer from one or two major naked short sellers to the new investors, more buyers means a better economy.
OTC pink current with CE symbol
“Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On October 27, 2022, Ensysce Biosciences, Inc. (the “Company” or “we” or “our”) filed an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (as amended to date, the “Certificate of Incorporation”), with the Secretary of State of the State of Delaware to effect a one-for-twenty (1-for-20) reverse stock split (the “Reverse Stock Split”) of our common stock, par value $0.0001 (the “Common Stock”). The Reverse Stock Split will be effective as of 12:01 am on October 28, 2022 (the “Effective Time”).
As previously described in detail in our definitive proxy statement filed with the Securities and Exchange Commission on July 29, 2022, the Company held a special meeting of stockholders on September 8, 2022, at which meeting the stockholders approved, among other things, amendment of our Certificate of Incorporation to effect a reverse stock split of our Common Stock at a ratio of not less than 1-for-5 and not more than 1-for-20 and authorized our board of directors to effect a reverse stock split with the exact ratio to be determined in the Board’s discretion. Our Board thereafter selected the 1-for-20 reverse stock split ratio and authorized the implementation of the Reverse Stock Split.
As a result of the Reverse Stock Split, at the Effective Time, every twenty (20) shares of our pre-Reverse Stock Split Common Stock will be combined and reclassified into one (1) share of our Common Stock. Our post-Reverse Stock Split Common Stock will begin trading on October 28, 2022 with a new CUSIP number of 293602207. The Reverse Stock Split does not affect any stockholder’s ownership percentage of the Common Stock and does not change our authorized number of shares, alter the par value of the Common Stock or modify any voting rights or other terms of the Common Stock”
1.5 billion market cap on 600 k revenue you think that is fair value?
787 million market cap on 600,000 in annual revenue, that would be incredible imo.
“DBMM is also a revenue generating Company that continue to see significant growth reporting $164,000 in sales for the 3 months ended May 31, 2022 up from $120,000 for the same period last year.”
Wow, 600,000 a year in revenue / OS 787 million is .0008 with no operating expenses imo.
Share Structure
Market Cap Market Cap
1,811,753
10/26/2022
Authorized Shares
2,000,000,000
09/30/2022
Outstanding Shares
787,718,631
09/30/2022
Restricted
15,966,644
09/30/2022
Unrestricted
771,751,987
09/30/2022
Held at DTC
771,749,705
09/30/2022
Float
771,751,987
09/23/2022
Par Value
0.001
“The intention is to accomplish all this and bring the company public once again in 3 to 4 years. That IPO will offer the much-anticipated liquidity event for all private shareholders, which we will be one of. Given the metrics expected, this should yield us and all other investors 4 to 6X ROI.”
3 to 4 years from now you might get a return on your investment imo.
2 previous SP surges 2/3/22 - 6/16/22, 4 months 13 days
6/16/22 - 10/29/22
The SP is entering the zone where for the past 4 months the market has essentially assigned a zero percent increase in forward value despite many deals being made, including the NASA major subcontractor PR. Even if the market believes that space and satellite’s are completely non-interesting topics, the work this company is doing is generating more revenue now than before that PR, and will reasonably make more money in the future than it is today, as it’s expertise, proof of work and partnerships expand imo. Interest rates have nothing to do with this company, NASA, SpaceX, etc.
Share Structure
Market Cap Market Cap
4,066,841
10/25/2022
Authorized Shares
300,000,000
10/25/2022
Outstanding Shares
102,957,991
10/25/2022
Restricted
43,549,760
10/25/2022
Unrestricted
59,408,231
10/25/2022
Held at DTC
40,833,263
10/25/2022
Float
55,674,898
07/15/2021
Par Value
0.005
2 months and 3 days before 23 (WW), ii (look, see with two eyes), big partnership possible soon imo as major telecom companies look everywhere to use satellites
“
October 28, 1942 (Wednesday)
On the second anniversary of Ohi Day, Winston Churchill made a speech to the Greek people telling them that their "courage and spirit in adversity remain a lively inspiration to the United Nations. Outside their own country the armed forces of Greece, the navy, army and air force, are once again in the field already testing their growing strength in the face of the enemy, and anxious for the day, not far off now, when they will be with you and avenging your sufferings."[29]”
Buyback may accelerate before 11/1 when fees for foreign stocks increase for some brokers
41 days since last PR
Dreamers, MS = Microsoft partnership hopefully
The thing is that if their product replaces OxyContin without the addiction risk then it should be higher in theory, just no news to support that today, the investors this morning were once again two weeks late with their surge
Fees to buy foreign stocks are increasing soon for some brokers
Crypto hackers wait two weeks after the last iHub post to launder their theft premarket and post market hoping no one notices, they pick stocks with no news so that only the people following the stock will notice and not the broader market or authorities
“On July 8, 2021, prior to the Court ruling on the motion, the Company entered an agreement with a former officer to purchase 565,000,000 shares owned by the officer and the officer’s deceased spouse that were subject to cancellation by the Court. The former officer returned certificates representing 395,000,000 shares, which were officially cancelled by the transfer agent on July 28, 2021. The remaining 170,000,000 shares were still outstanding as of the date of this report”
May be better to wait to complete the merger until those shares are cancelled so that 170 million shares aren’t sold into a SP surge, 18 months since.
“Bitcoin block rewards decrease over time. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block. The next bitcoin halving is expected to occur in 2024 and will see bitcoin block rewards drop to 3.125 bitcoins per block. As the supply of new bitcoin entering the market gets smaller, it will make buying bitcoin more competitive – assuming demand for bitcoin remains high.“
https://www.coindesk.com/price/bitcoin/
“Bitcoin block rewards decrease over time. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block. The next bitcoin halving is expected to occur in 2024 and will see bitcoin block rewards drop to 3.125 bitcoins per block. As the supply of new bitcoin entering the market gets smaller, it will make buying bitcoin more competitive – assuming demand for bitcoin remains high.“
https://www.coindesk.com/price/bitcoin/
“NAACP Calls For ‘Immediate Passage’ Of Marijuana Banking Bill And Pushes For Legalization In New Resolution”
https://www.marijuanamoment.net/naacp-calls-for-immediate-passage-of-marijuana-banking-bill-and-pushes-for-legalization-in-new-resolution/
“5:30a ET 10/26/2022 - Editor's Picks
Private Lending Takes Root in Muni Market
By Heather Gillers
A pandemic surge in privately sold municipal bonds is highlighting how private deals have become a mainstay of the $4 trillion market for state and local debtâ??and a go-to in times of stress.During the three months ended in May 2020, the amount of municipal debt sold privately spiked to 13.4%, the highest share in 13 years on record, according to a report this week by the Municipal Securities Rulemaking Board. It has since retreated to about 8%, or around $36 billionâ??up from 4% in 2012 but in line with its average for the past decade, according to data from the board and Refinitiv.'We're fielding more and more calls from nonprofit traditional public-markets issuers who are looking into borrowing in the private markets,' said Jonathan Mondillo, head of North American fixed income at Edinburgh-based Abrdn, with $1.5 billion in muni debt under management.Mr. Mondillo said his firm has considered or bid on privately placed deals with a combined total value of more than $1 billion, often for utilities or healthcare- or higher-education-related projects. He said Arbdn typically purchases investment-grade debt issuances ranging from $50 million to $400 million for clients such as insurance companies and pension funds. In so-called private placements, borrowers bypass public markets where individuals, mutual funds, insurers and others compete for bonds. Instead, they sell debt straight to banks or money managers. In rocky markets, towns, universities and other small borrowers like not having to worry about how retail buyers will behave on the day of a public bond sale. At the same time, broker-dealers may want to avoid holding bonds they have purchased from borrowers in case investors don't feel like buying. Privately placed debt goes straight to the buyer, without an intermediary putting capital at risk.the market volatilityOne possible explanation for the increase in private placements early in the pandemic could be that 'underwriters didn't want to take a principal position during the market volatility,' said Municipal Securities Rulemaking Board chief economist Simon Wu, the lead author of the board's report.bond prices tankedBefore the Covid-19 pandemic, the biggest uptick in private placements occurred in 2013, when bond prices tanked following Detroit's bankruptcy and amid fears that the Federal Reserve would start dialing back easy-money policies.compliance is poorSome investors and analysts worry that private placements put investors at a disadvantage by keeping them in the dark about the full scope of a borrower's debt. Though a 2019 rule generally requires issuers to disclose private placements, a January study by two scholars from the Federal Reserve and one from the University of Cologne concluded that compliance is poor and 'private debt disclosure remains largely voluntary.'Private placements generally fall into two categories, according to borrowers and their attorneys and advisers. Banks typically buy tax- or fee-backed debt from small school districts or towns in quantities that can be as little as a few million dollars. In contrast, money managers often purchase more risky higher-yielding debt from nonprofits or one-off economic-development projects. 'They want 7% to 8%, so they're not buying [the debt of a large city]; they're buying this weird private placement that's been designed for them,' said Amanda Stephens, a public-finance partner at Orrick, Herrington & Sutcliffe LLP. Competition can be fierce for muni debt, which pays interest that is typically exempt from federal taxes, and often state taxes too. For a household or company in the top tax bracket, a 7% tax-exempt yield is equivalent to a taxable yield of 11.8%, according to data from Nuveen LLC.One draw for both banks and asset managers is the ability to purchase a large chunk of debt wholesale, without competing with other buyers. Another perk: They don't have to negotiate with other creditors if the deal goes sour. Borrowers, for their part, avoid the labor and cost typically involved in bringing a deal to market, including seeking an opinion from a credit-rating firm. They also may have reduced disclosure requirements over the life of the bond. The repayment period for private debt also tends to be much shorter than the 30-year period standard in public markets, typically around five to 10 years, reducing the amount of time borrowers are locked into current interest rates, according to attorneys and advisers.Contra Costa County, Calif., built an emergency-services center and an administrative building and refinanced old debt with about $200 million in muni debt sold privately to a bank in 2017. 'We were seeing rate proposals very close to what we thought we would get in the public market, and the cost of issuance is substantially less,' said chief assistant county administrator Timothy Ewell. Still, guidance on direct sales to banks from the Government Finance Officers Association trade group notes that borrowers may lose the opportunity to find out whether they could get lower interest rates in the open market.”
5:14p ET 8/17/2022 - Dow Jones
"I am incredibly proud and grateful to get the increased opportunity to lead SeaChange into this new chapter", adds Mr. Klimmer. "With our world-class customer base, solidified financial performance, and state-of-the-art product portfolio, we have stepped up to support our customers with new and versatile video monetization strategies. I see significant opportunities for our Company based on our strategic direction and believe that we can create substantial value for our stockholders. This can be accomplished through a three dimensional growth strategy: (i) provide best in class customer support in our core business with our cable, telco, and satellite customers, (ii) build incremental recurring revenue streams through performance-based software solutions that drive ad revenues, and (iii) seek out strategic partnerships to accelerate growth. Execution of this vision is made possible by our pool of experienced business development, sales, and engineering talent across the Company. We are extremely well-equipped to dramatically expand our current market share in the growing global video streaming and advertising markets."
.58 cents a share on 8/17/22, 40% decrease in two months since the above statement. The last PR was 9/20/22. After consistent communication maybe they have a NDA on a big deal in the works, otherwise they appear to have fell asleep in their communications.
8:35a ET 8/19/2022 - Benzinga
“Jaguar is focused on two late-stage clinical events in the next approximately 6 to 12 months that we expect to be transformational in terms of value creation and recognition for the Company as we seek to regain compliance with the rule. We anticipate the completion in 2022 of an investigator-initiated proof-of-concept study of crofelemer for short bowel syndrome (SBS), supporting the potential for expanded patient access to crofelemer in Europe in 2023 for this devastating and catastrophic disease. The third-party investigator is targeting the presentation in December 2022 of results from the SBS study at a global GI conference in Dubai. Our second key clinical activity is our Phase 3 pivotal OnTarget trial of crofelemer for our core follow-on indication of prophylaxis of cancer therapy-related diarrhea (CTD). We expect enrollment in this trial to complete in the first half of 2023."
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
Use your words
Buyback going great so far
60 million annual revenue OS 18.65 million
“9:00a ET 10/21/2022 - Globe Newswire
Borqs Announces Financial Results for the First Half of 2022
GlobeNewswireOctober 21, 2022
Revenues for the first half 2022 reached $30.1 million, 141% Year-Over-Year (YOY) growth.
Revenue forecast for 2022 is $50-55 million, YOY growth of over 69%
Backlog currently stands at $50 million for Holu Hou Energy, LLC (HHE), a majority-owned solar & energy storage system subsidiary.
SANTA CLARA, Calif., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, "Borqs", or the "Company"), a global provider of 5G wireless, Internet of Things (IoT) solutions, and innovative clean energy, today announced its financial results for the six months ended June 30, 2022.
Key Financial Results:
Revenue for the 6 months ended June 30, 2022 increased by 141% to $30.1 million compared to $12.5 million for the 6 months ended June 30, 2021, driven by increased IoT sales globally and revenues of $3.9 million from Holu Hou Energy (HHE), our majority-owned solar & energy storage system subsidiary.
Gross profit for the 6 months ended June 30, 2022 increased to $4.3 million compared to a gross profit of $1.8 million for the 6 months ended June 30, 2021. Gross margin was 14.2% for the 6 months ended June 30, 2022, flat as compared to the prior year.
U.S.-headquartered customers contributed 71.1% of total revenue, while Europe represented 14.3%, India represented 13.8% and the balance of the world represented 0.9%.
Cash balance of $18.4 million
"We are very pleased with the results of the first half and proud of the entire Borqs team who are executing on our business plans, while addressing customers' needs in a challenging macro environment. We forecast the 2022 yearly revenue to be $50-55 million, year-over-year growth of over 69%, compared to revenue of $29.6 million for 2021," stated Pat Chan, CEO of Borqs Technologies. "It has also been exciting to see our Holu Hou Energy subsidiary's progress as it has been completing solar plus energy storage projects during the first half of year in the state of Hawaii. While we continue to grow our IoT business segment, we are also very excited about the outlook of our solar and energy storage business, given the fact that only 4% of the 77 million addressable homes in the U.S. have solar in the wake of higher demand for cleaner energy. By the first half of 2022, we have achieved more than $50M backlog of orders. We anticipate the backlog will continue to grow in the second half of this year."
Chan concluded, "Finally, we applaud the passing of the Inflation Reduction Act which will significantly stimulate the growth within the entire clean energy sector and beyond. Borqs plans to capitalize by providing sustainable and affordable energy to our customers in the U.S. and remains excited about the projects in the pipeline for the second half of the year in both States of Hawaii and California. We are very optimistic about the growth potential both in the U.S. and across world in the years to come."”
Scorpio is the adventure soon ?
Intraday Gap at .14 filled I predict a reversal tomorrow, lots of potential here
33 trading sessions since space ex announcement down 60% from high on 9/7/22, closed below lower bollinger band on 6th month chart 4 times counting today without touching the upper band, not a proper market, SEC needs to investigate market makers imo.
This NASA SpaceEx etc etc contractor is under 5.00 a share, major companies and governments dealing with a penny stock, same as Apple’s satellites and Hydrogen energy contracts, literally nothing interests investors as they wait to be nuked by Putin. Billionaires think an investor base isn’t important to their global playground getting better and better with better technology as they likely put their money in short term bonds as interest rates increase, bad strategy for long term progress imo.