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I picked up a million at $.0006. I originally had 10,000,000 shares picked up between $.0001 and $.0002 some months back and made a nice (albeit tiny) profit selling at $.0005 and $.0006. This seems a good reentry point.
Don’t get me wrong- I do not believe in this company or Jonathan Bishop. There is nothing here - no product and a gazillion shares. But I’ve seen this pump and dump over and over this year … wash, rinse , repeat. Seems people never get tired of twisting a meaningless tidbit and turning into dreams of riches. And the price temporarily spikes.
So, a nice re-entry to see if we can ride this horse one more time. Good luck to all but if your plan is to hold indefinitely, I hope you don’t have the mortgage money invested. Dreams are usually a poor basis for investing.
Ahh…thanks for the correction.
My account is frozen at the moment so I’m along for the ride. Not sure I understand the RS before major sales are happening. Looks like a disaster heading our way at least in the near term.
But I’ve been wrong before….
Thanks for this Steve. Don’t blame you - this company is rife with risk.
Yup. I think that’s our date.
Richard,
Have they announced the Q2 release date? I missed that. I was estimating early next week. If tonight or tomorrow, can you share a link?
Thanks in advance.
~ yanqui
Some in Fidelity and more in TD Ameritrade. None are split yet. Trading SPVNF.
My shares don’t reflect the reverse split yet though I thought that was happening Friday.
You could be right, though I’d quibble about 470 thousand shares being ‘light volume’.
Anyway, guess we’ll see. As always, news trumps everything.
~yanqui
We closed below the 50 MA. Not a great sign for near-term prices. Maybe a chance to average down though obviously has little value (or concern) for people not trading any portion of their position.
And for those of you who think charts are nothing more than magic vapors, you needn’t bother telling me. To each their own. No interest in trying to change anyone’s thoughts on charting - I don’t pretend to be an expert but do believe that charts matter if for no other reason than some portion of the investing public behave as if they do. If $7.50 acts as support as it did last time, we could be setting up a falling wedge, which would be bullish. If it breaches $7.50, those with more knowledge than me will have to weigh in on support levels.
Just sharing for those interested.
Yanqui
If it is ‘pump and dump’, why does the head of EPIC say that “actually, Lightwave Logic is already golden!”?
So, Pat Gelsinger was doing a video interview with the Washington Post recently. In the comments section I wrote:
“Talk about pdk’s for polymer photonics coming to your foundries. Twice the speed, half the energy. The future! That’s Intel’s path to survival. “
I got this response:
“Been there, done that,... A major deal are the interfaces between the electronic and optical components. Data transmission distances have to be significantly larger than an IC to justify this additional complexity. “
Comments? Suggestions for a follow up response?
Intel has the following known objectives and/or attributes:
1. Promising new disruptive technology
2. Led by people with background and understanding of photonics
3. Desperate need to bet on the right horse
4. Stated desire to move into data center world
5. Building new fabs
6. U.S. based
Count them out at your own risk. Lebby has said we are partners with numerous foundries and Tier 1s. What would an Intel partnership mean to your investment?
Wasn’t Lebby clear that we weren’t to anticipate revenues until 2022?
Intel Si photonics integration lead Wei Lou. Note the emphasis in his CV on knowledge of polymer photonics:
https://www.linkedin.com/in/wei-liu-6702bb33
I answered a question put by another member of the board. If you don’t like it, ignore it. It wasn’t directed to you. And it isn’t my job to direct you as to a stock’s likely action in the future. That’s a completely gratuitous comment.
Frankly, this board is getting snippy. I don’t get the need to put down other posters for offering up their opinions. I’ve always found that confident people have little need to put down others.
But if you review the chart, it was a classic 50 MA bounce. Went right to that level and reversed. Take that as useful or move on. Just leave the attitude please. We’re all on the same train,
Classic bounce off the 50 MA. I think that’s all it is.
I second that.
Still not responsive,x. If you don’t know the answer, best to lay low and let someone else answer rather than mock the question. I don’t mean to be rude, but there are always people we can learn from . To paraphrase…a learned man preaches, but a wise man listens.
Let us yearn to be wise.
There it is. Well done, PCTL.
What kind of “something “ are you thinking?
We bounced 3x off of ~ $19. I think the low is in and, when we breach $20 (today?) this should take off pretty nicely.
Agree with everything Scope just said. Moreover, when price decreases after news that can’t be spun anyway other than positive, you are watching games being played by those who want to buy in. Plenty of info on this if you take the time to Google it. Ironically, this scenario can be seen as quite bullish.
Assuming you are clear that the news was unambiguously bullish, of course. To my thinking, that is indeed quite clear.
~ yanqui
Agreed.
I understand the temptation. And who knows- you could be right. But Lebby has been so deliberate and careful. He said any announcement would be done jointly. I don’t see him playing these kind of games.
Just urging everyone not to trade on hopes. Dangerous territory. GLTA.
This group is also reaching for the best possible interpretation. Best to read things as intentionally-drafted, not as errors or code signaling more than they really say.
The wording, taken literally, is plenty optimistic to me. No need to try to stretch it into more than it is.
To clarify, I believe that long term capital gains have no impact on your income tax rates. However they can impact your ltcg rate.
Triterras Announces Collaboration with essDOCS to Digitize Bulk Cargo Trade Operations
Source: GlobeNewswire Inc.
Triterras Inc. (Nasdaq: TRIT, TRITW) (“Triterras” or the “Company”), a leading fintech company for trade and trade finance, today announced a collaboration with essDOCS, a paperless global trade management company, to accelerate the use of digital trade documents for Triterras’ global community of commodity traders.
Designed to make bulk cargo trading paperless and more efficient, essDOCS enables traders of any cargo-type to entirely or partially digitize trade operations and finance processes. The collaboration is the latest move for Triterras, which is building out end-to-end services for its online marketplace that connects and enables SME businesses, corporates, multinationals, and their lenders to trade online and digitally finance their commodity trading, logistics operations and supply chains.
Under the arrangement, effective immediately, Triterras will integrate essDOCS’ CargoDocs electronic document capabilities onto Kratos, enabling Triterras’ customers to create, review and approve paper or electronic bills of lading (eB/L) with their supply chain.
“The digitization of trade is a must-have as we look for ways to innovate across the trade lifecycle by shortening it and making it more transparent,” said Srinivas Koneru, founder, and CEO, Triterras. “We’re thrilled to welcome essDOCS to provide digital eB/L solutions for bulk cargo trades. We very much look forward to this collaboration and the value that essDOCS can bring to our community.”
Shipping costs and delays have been exacerbated by the global pandemic, bringing heightened awareness to the advantages of fully digitized trading operations. With the world’s largest electronic Bill of Lading network, trade stakeholders using essDOCS’ CargoDocs solution can transfer the eB/L through the trade chain—between carrier, exporter, financing parties and importer—in as little as three minutes.
“Commodities traders are increasingly seeking digital solutions to complex paper problems in trade,” said Alexander Goulandris, Co-CEO, essDOCS. “Our best-in-class technology accelerates documentation processes to help the trading industry drive efficiencies, reduce the risk of fraud and eliminate errors. We’re confident that syncing with Triterras will deliver transformative benefits to the Kratos marketplace and its customers.”
Singapore, where Triterras is headquartered, is at the forefront of digital trade advancements as part of the government’s strategy to deepen its footprint as a global tech and e-commerce hub and strengthen the country’s extensive free trade agreement (FTA) network. The country has recently signed digital trade agreements with Australia, Chile, and New Zealand, among other trading partners. In February 2021, the Singapore Parliament also passed the Electronic Transactions Act (Amendment) Bill, granting title documents such as electronic bills of lading the same legal status as their paper equivalents. In December, Triterras won the Singapore Founder category of the FinTech Awards issued by the Monetary Authority of Singapore.
In May, Triterras entered into a strategic investment and partnership with Singapore headquartered Electronic Cash and Payment Solutions (S) Pte Ltd., (“ECAPS”), an open banking platform for India’s emerging Micro and SME marketplace (MSME). The partnership expanded Triterras’ global footprint and presence in the Indian MSME marketplace. Triterras also recently closed its acquisition of Invoice Bazaar, a leading supply chain finance platform in the Middle East, and announced a partnership with Western Union Business Solutions.
About essDOCS
essDOCS enables paperless global trade management. Its CargoDocs platform digitizes, automates, and accelerates trade operations, finance, logistics, compliance, and visibility. Its essCert platform digitizes the certification of preferential and non-preferential certificates of origin and other export/import-related documents issued by Chambers of Commerce or other authorities. 58,000+ companies, ranging from 31% of the Fortune Global 100 to innovative SMEs, use essDOCS solutions globally in warehouses as well as bulker, tanker, container, and barge movements. Customers are supported from offices in London, Athens, Galway, New York, Shanghai, Kolkata, Adelaide, and Singapore. To find out more, visit essdocs.com.
New CEO coming. Wouldn’t pull the plug quite yet.
BellRock Brands Restructures Management to Enhance Senior Leadership Capabilities and Accelerate Strategic Growth Initiatives
Realignment Behind Proven Top-Tier CPG and Cannabis Expertise Focuses the Company on its Core Competitive Advantages
DENVER, July 19, 2021 /CNW/ - BellRock Brands Inc. ("BellRock" or the "Company") (CSE: BRCK.U), an industry-leading cannabis consumer packaged goods ("CPG") platform, announces new leadership with a proven track record of driving profitable growth and shareholder value in the CPG and cannabis industries. These leadership changes build on the Company's strengths and better position its platform to capitalize on the rapid growth of the U.S. cannabis market.
BellRock Brands Inc. Logo (CNW Group/BellRock Brands Inc.)
Chuck Smith will be stepping down as Chief Executive Officer and will remain in the role until the search for a new CEO has concluded. In addition to aiding in the transition of responsibilities to his successor, Smith will continue to serve as an ongoing advisor to the Company, particularly with respect to regulatory and cannabis marketplace dynamics.
Additionally, BellRock's current Chief Operating Officer, Brian Jansen, has been appointed as President. Prior to the business combination of BR Brands and Dixie Brands, Jansen served as interim CEO and COO of Mary's Medicinals, where he successfully led several commercial expansions, supply chain improvements, and drove the asset to free cash flow positive. Before joining the cannabis industry, Jansen had two decades of experience in the CPG industry, having held leadership roles at multiple global companies, including PepsiCo, Grupo Bimbo, and the Hain Celestial Group.
"When Dixie Brands was founded over ten years ago, the vision was to transform the company into a key player in the cannabis industry. That goal was accomplished, and following the merger with BR Brands, BellRock has combined two iconic cannabis brands with a portfolio of top-selling products in high-growth segments to create a platform positioned for dominance," said Smith. "I am proud to have served alongside this team for the past year and witness its countless achievements. With new management at the helm, BellRock will be well-positioned to accelerate its growth and continue to do what is most important - make a positive impact on the consumers we serve."
BellRock also announces the promotion of Kavi Bhai to Chief Financial Officer. Bhai was previously with BR Brands and has deep financial expertise within the cannabis industry having served as the CFO of Mary's Brands prior to the formation of BellRock. Prior to joining Mary's Brands, he was an Audit Manager at Frazier & Deeter LLC, a nationally recognized CPA and advisory firm. Bhai's promotion coincides with the Company's exit of former CFO, Alex DeGortari.
In addition to the changes at the senior management level, Executive Chairman Andrew Schweibold and Board Member Brian Graham will assume more active roles in executive functions to augment the management team. Schweibold has spent his career in the financial services sector as a private investor and board member to a myriad of companies across a broad range of industries. Throughout his career as a private equity professional, he has developed a particular expertise in control buyouts and financial restructurings.
Graham is an existing member of the BellRock Board, a legacy Dixie Board Member, and a seasoned CPG executive/director with extensive entrepreneurial and CEO experience. Graham's leadership acumen has been tapped across multiple industries to help create leading brands. Previously, he served as the CEO of NIOXIN, responsible for transitioning the company from a regional player into a global leader before being acquired by Procter & Gamble.
"BellRock has reached an inflection point whereby the realignment of management, rooted in both CPG and cannabis expertise, will further solidify the foundation of the company to deliver the growth necessary to become the preeminent cannabis house of brands," said Schweibold. "The elevation of talent from within is a testament to our team's strength, and with the marriage of the Board and management as one cohesive team, BellRock will commence its next stage of evolution and success. I want to thank prior management for their contributions and for navigating us through a complex merger. I look forward to BellRock's next chapter."
In the near term, BellRock is focused on strengthening its presence in existing markets, fortifying the Company's market-dominant SKUs, and pursuing calculated growth opportunities in new form factors and markets. Together, with CPG expertise at the forefront, management and the Board are working to further enhance BellRock's platform as the first true national cannabis house of brands and the only cannabis CPG platform of its kind.
Concurrent with the Company's leadership changes BellRock is withdrawing its previously announced guidance of $50 million in revenue for 2021. Additionally, the Company's restructured management team is committed to working diligently and expeditiously with its auditors to complete the annual filings and the interim filings as soon as possible.
About BellRock Brands
BellRock Brands is a national cannabis house of brands and intellectual property focused CPG operator that possesses one of the industry's broadest branded product portfolios. BellRock consists of two iconic cannabis brands, Mary's Medicinals (a pioneer in the Health & Wellness segment since 2013) and Dixie (a market-leading cannabis-infused edibles brand since 2010). BellRock also includes two growing California-based brands, Rebel Coast and Défoncé. BellRock's CBD portfolio includes the brands Mary's Nutritionals and Mary's Tails. With 7 brands and over 200 SKUs, BellRock reaches nearly every key consumer group and addresses the needs of a diverse cannabis consumer base. The BellRock manufacturing and distribution footprint continues to expand and currently spans nine states, and the Company owns or manages production facilities in its largest markets. For more information, visit www.bellrockbrands.com.
Forward-Looking Information and Statements
The information provided in this press release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. All statements, other than statements of historical fact, made by the Company (or its predecessors) that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements, including, but not limited to, statements preceded by, followed by or that include words such as "may", "will", "would", "could", "should", "believes", "estimates", "projects", "potential", "expects", "plans", "intends", "anticipates", "targeted", "continues", "forecasts", "designed", "goal", or the negative of those words or other similar or comparable words. Forward-looking statements may relate to future financial conditions, results of operations, plans, objectives, performance or business developments. These statements speak only as at the date they are made and are based on information currently available and on current expectations and assumptions concerning future events, which are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from that which was expressed or implied by such forward-looking statements, including, but not limited to, risks and uncertainties related to: (i) the regulation of the medical and recreational marijuana industry in the United States, Canada, Mexico, Australia, New Zealand, Latin America and other countries in which the Company may carry on its business; (ii) the ability of the Company to obtain meaningful consumer acceptance and a successful market for its products on a national and international basis at competitive prices; (iii) the ability of the Company to develop and maintain an effective sales network; (iv) the success of the Company in forecasting demand for its products or services; (v) the ability of the Company to maintain pricing and thereby maintain adequate profit margins; (vi) the ability of the Company to achieve adequate intellectual property protection; (vii) the availability of financing opportunities, risks associated with economic conditions, dependence on management and conflicts of interest; and (viii) other risks described from time to time in documents filed by the Company with securities regulatory authorities, including the Company's listing statement dated October 31, 2020.
The forward-looking statements contained herein are based on certain key expectations and assumptions, including the Company's ability to transition to new senior leadership without any material adverse change to the Company's operations or business.
With respect to the forward-looking statements contained herein, although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements as no assurance can be given that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the risks described above. Consequently, all forward-looking statements made in this press release are qualified by such cautionary statements and there can be no assurance that the anticipated results or developments will actually be realized or, even if realized, that they will have the expected consequences to or effects on the Company. The cautionary statements contained or referred to herein should be considered in connection with any subsequent written or oral forward-looking statements that the Company and/or persons acting on the Company's behalf may issue.
Nothing in this release to suggest GF is building out to meet the needs of data centers.
From investopedia:
A reverse stock split is also known as a stock consolidation, stock merge, or share rollback and is the opposite exercise of a stock split, where a share is divided (split) into multiple parts.May 3, 2021
In other words - same thing but “reverse split” just sounds bad.
Nice summary, X. I think this “fireside chat” between Anthony Yu of GF and ML fits in nicely in those comments.
There is no doubt that GF is jumping into photonics with both feet. Read this article about GF, quantum computing and photonics.
Here’s an excerpt:
##
Anthony Yu, VP of computing and wired infrastructure at GlobalFoundries, views the collaboration as a win-win for both companies.
“From my perspective, what makes this kind of a unique arrangement is Pete is using our commercial process, which is based on data [communications] plugabbles and transceivers, but we’re adding unique materials to the processing for things like single photon detectors,” he said. “He’s actually challenging us to be better … because their requirements are more stringent than the data centers’.”
Additionally, developing these technologies could give GlobalFoundries a leg up once technologies like co-packaged optical switches start hitting the market.
“Quantum computing is in the path of photonics,” Yu said, adding that many of the same technologies used in PsiQuantum’s quantum computers are necessary to bring co-packaged optics to market.
##
Monday could be very interesting. Here’s the link to the entire article:
https://www.sdxcentral.com/articles/news/psiquantum-globalfoundries-bet-big-on-quantum-computing/2021/07/
How do you understand partnerships to enter into this TAM? Is this TAM just for LWLG or for ‘LWLG and partners’? For those buying licensing rights, might now TAM include the revenues from the licensee?
Thanks in advance.
I bought some during this panic sell. Not much as I don’t have much uncommitted funds.
But I’m already green on that buy. Chances like this won’t come around often.
Might see some panic *buying* before day’s end. This pullback is only a worry if you doubt that this company is going to redefine the modulator space.
I have no such worries.
That, my friend, is where due diligence comes in. Most here know the answer to that.
Very nice. Had sold 8% of holdings yesterday to recover my cost basis and pay off Margin, but this dip allowed me to buy back at $10,100 below what I sold for yesterday. So back at full strength with some $ in my pocket.
Proto has been very effective in explaining how the two companies have synergies and that the success of lwlg can translate to greater success for POET. He is turning some of those instinctively opposing us. Well done, Proto!
So you decided to post to tell that us you don’t know what’s going on here.
Thanks for the insight. Always appreciate a poster giving advice based on their lack of knowledge.