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Bed Bath & Beyond Inc (NASDAQ: BBBY) Rising Fast as Retail Buys Up Meme Stocks Across the Board

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Bed Bath & Beyond Inc (NASDAQ: BBBY) is rocketing up the charts from as low as $1.27 last week to recent highs near $6 as meme stocks once again take the small caps by storm and retail investors jump into BBBY hoping to squeeze the enormous short position that has increased its position by 25.1 million shares since the stocks run in summer 2022 hoping for the Company’s demise. 

Last Thursday BBBY warned the Company has concluded that there is substantial doubt about the Company’s ability to continue as a going concern. On Friday BBBY began to run northbound on record volume as interest from retail investors was reignited. BBBY is no stranger to big moves running from $5 to $30 in August of 2022. We will be updating on BBBY when more details emerge so make sure you are subscribed to investmillion.com by entering your email below. We will be updating on BBBY so subscribe to newsytrends.com right now by entering your email in the box provided below.  

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Bed Bath & Beyond Inc (NASDAQ: BBBY) hit 52-week lows last Thursday after the meme stock darling reported it may not be able to continues as a going concern. This comes after many months of declines since $30 highs in August. During that time shorts have been active in BBBY, with 25.1 million of new short sales since March 29, 2022, according to S3 Partners. This number has grown with another 3.8 million BBBY shares shorted over the past 30 days. If BBBY can avoid filing for bankruptcy the shorts will have to begin to cover and mass forcing a massive short squeeze according to Ihor Dusaniwsky, S3 Partners’ managing director of of predictive analytics. 

Bed Bath & Beyond Inc (NASDAQ: BBBY) and subsidiaries is an omnichannel retailer that makes it easy for its customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. 

The Company sparked bankruptcy concerns when it said in an update last week: “While the Company continues to pursue actions and steps to improve its cash position and mitigate any potential liquidity shortfall, based on recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity projections, the Company has concluded that there is substantial doubt about the Company’s ability to continue as a going concern.  

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BBBY

 

BBBY continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the Company’s business activities and strategic initiatives, or selling assets, other strategic transactions and/or other measures, including obtaining relief under the U.S. Bankruptcy Code.  

Sue Gove, President & CEO of Bed Bath & Beyond Inc. said, “At the beginning of the third quarter, we initiated a turnaround plan anchored on serving our loyal customers, following a period when our merchandise and strategy had veered away from their preferences. Although we moved quickly and effectively to change the assortment and other merchandising and marketing strategies, inventory was constrained and we did not achieve our goals. We will continue to rebalance our assortment towards National Brands and refine our Owned Brands mix to reflect the deep understanding of our customer, along with the selection and value only we can offer in the Home and Baby markets.  We are actively pursuing higher in-stock levels to meet proven demand. We are implementing our plan expeditiously while managing our financial position in a changing landscape.  We are delivering on our aggressive second half commitment of $250 million in SG&A optimization, or $500 million in annualized savings.  We are also on track to achieve the 150 store closures that we previously outlined, which will further enable us to allocate resources according to customer demand.  Our organization is more streamlined and we have adopted a more focused infrastructure that reflects our current business.”  

Ihor Dusaniwsky, S3 Partners’ managing director of predictive analytics recently stated that Bed Bath & Beyond’s short interest is $82.7 million, or 39.93 million shares shorted, accounting for a 52.07% short-interest float. Bed Bath & Beyond has the second largest short-interest percentage float for stocks with over $10 million of short interest in the U.S, second only to Silvergate Capital Corp. SI, +12.89%, according to S3 Partners’ research. 

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BBBY is running up the charts from lows of $1.27 on Thursday of last week after the Company stated that there is substantial doubt about the Company’s ability to continue as a going concern. Since then, BBBY has been rocketing northbound as meme stocks heat up across the board. Investors are accumulating BBBY hoping to squeeze the enormous short position that has increased its position by 25.1 million shares since the stocks run in summer 2022.  We will be updating on BBBY when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in BBBY either long or short and we have not been compensated for this article.

A Close Look at KonaTel Inc (OTCMKTS: KTEL)

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KonaTel Inc (OTCMKTS: KTEL) is trading just over $1 on medium volume over the past few days down from the $1.75 range it was trading for last summer. KTEL had a big 2022 running from under $0.10 to highs over $1.90 per share. 

In November the Company reported financial results for the third quarter and nine-month period ended September 30, 2022. Revenues were $5.9 million, up 62.8% compared to the third quarter last year and up 14.8% compared to the second quarter of this year.

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KonaTel Inc (OTCMKTS: KTEL) provides a variety of retail and wholesale telecommunications services including mobile voice/text/data service supported by national U.S. mobile networks, mobile numbers, SMS/MMS services, IoT mobile data service, and a range of hosted cloud services. KonaTel’s subsidiary, Apeiron Systems, is a global cloud communications service provider employing a dynamic “as a service” (CPaaS/UCaaS/CCaaS/PaaS) platform. Apeiron provides voice, messaging, SD-WAN, and platform services using its national cloud network. All Apeiron’s services can be accessed through legacy interfaces and rich communications APIs. KonaTel’s other subsidiary, Infiniti Mobile is an FCC authorized wireless Lifeline carrier with an FCC approved wireless Lifeline Compliance Plan, authorized to provide government subsidized cellular service to low-income American families. KonaTel is headquartered in Plano, Texas.

Through its two subsidiaries Apeiron Systems and IM Telecom, include CPaaS suite of services (SIP/VoIP, SMS/MMS), wholesale and retail mobile voice and mobile data IoT services, wholesale voice termination services, and ETC and EBB subsidized services for low-income Americans. Except for our ETC Lifeline services distributed in up to nine (9) states and our EBB services distributed in the forty-eight (48) contiguous states, Washington D.C. and Puerto Rico, Apeiron Systems’ products and services are available worldwide and subject to U.S., international and local/national regulations. 

The Company generates revenue from two (2) primary sources, Hosted Services and Mobile Services: Its Hosted Services include a suite of hosted CPaaS services within the Apeiron Systems’ cloud platform, including Cloud IVRs, Voicemail, Fax, Call Recording and other services provided with local, toll-free and international phone numbers. Apeiron also delivers public and private IP network services from its national redundant network backbone, including MPLS, Dedicated Internet and LTE Wireless WAN solutions. Additionally, Apeiron’s Cloud Services include Information Data Dips, SD-WAN and IoT data and device management. These Hosted Services are marketed nationally and internationally through the Apeiron website, its sales staff, independent sales agents and ISOs. 

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KTEL

The Company’s Mobile Services include retail and wholesale cellular voice/text/data services and IoT mobile data services through our subsidiaries Apeiron Systems and IM Telecom. Mobile voice/text/data and IoT mobile data services are supported by a blend of reseller agreements with select national wireless carriers and national wireless wholesalers. A wireless communications service reseller typically does not own the wireless network infrastructure over which services are provided to its customers. Mobile voice/text/data and mobile data solutions are generally sold as traditional post-paid service plans that may include voice/text/data or wireless data only plans. Sometimes equipment is provided, which can include, but is not limited to, phones, tablets, modems, routers and accessories.

Also included in the Mobile Services segment is the distribution of government subsidized mobile voice service and mobile data service by IM Telecom under its Infiniti Mobile brand and FCC license to low-income American households that qualify for the FCC’s Lifeline mobile voice service program and/or the FCC’s temporary EBB mobile data program, with EBB to eventually be replaced by FCC’s ACP program in 2022. Even though government programs like Lifeline have existed since 1985, these programs, along with newer programs like the temporary EBB program and future ACP program, are subject to change and may have a material impact on our Mobile Services business if changed, reduced or eliminated. 

In November the Company reported financial results for the third quarter and nine-month period ended September 30, 2022. Revenues were $5.9 million, up 62.8% compared to the third quarter last year and up 14.8% compared to the second quarter of this year. Gross profit of $911,000, down 43.9% compared to the third quarter last year. Gross profit temporarily down due to increased customer acquisition costs (recognized at activation per U.S. accounting guidelines) during this period of planned rapid growth. Cash and cash equivalents of $2.2 million as of September 30, 2022, compared with $933,000 as of December 31, 2021.

Sean McEwen, Chairman and CEO of KonaTel stated, “Third quarter revenue grew 63% year-over-year and 15% sequentially to nearly $6.0 million. We ignited our growth earlier this year with strategic investments in the acquisition of new Mobil Services customers. As one of only a limited number of FCC approved national wireless resellers under recently expanded government programs, we are uniquely positioned to capture additional market share and are seizing the opportunity to do so. Scaling our business requires an upfront investment to acquire customers, which is already creating increasing recurring streams of revenue and cash. As previously discussed, the investment in our accelerated growth plan put pressure on our margins over the last two quarters as costs to acquire new customers are generally expensed at the start of service; however, the initiatives we are taking today are setting ourselves up for sustained profitable growth. Looking ahead and because of the way we implement our growth strategy, we anticipate gross profit and cash flow to accelerate as we begin to recover customer acquisition costs. We are fortunate to have a business model that provides the flexibility to take a measured and stepped approached to growth.

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KTEL is trading just over $1 on medium volume over the past few days down from the $1.75 range it was trading for last summer. KTEL had a big 2022 running from under $0.10 to highs over $1.90 per share. In November the Company reported financial results for the third quarter and nine-month period ended September 30, 2022. Revenues were $5.9 million, up 62.8% compared to the third quarter last year and up 14.8% compared to the second quarter of this year. We will be updating on KTEL when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in KTEL either long or short and we have not been compensated for this article.

Fritzy Tech Inc (OTCMKTS: FRFR) Trading Big Volume After Co Reports it has Entered the Online Travel and Tourism Space & Launches 2 Travel Portals

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Fritzy Tech Inc (OTCMKTS: FRFR) is making an explosive move up the charts up well over 30% on Tuesday and had already traded $350,000 dollar volume by early afternoon. The stock is moving up in an old school pump style and we are watching to see where it goes from here. FRFR has just over 1.6 million shares in the public float.

On Monday the Company filed an 8k reporting the Company has entered the online travel and tourism space with the simultaneous launch of the travel portals, Travelcityflights.com and Travelcitystays.com. We will be updating on FRFR when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.  

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Fritzy Tech Inc (OTCMKTS: FRFR) operating out of Plainview, New York, the Company plans to develop a platform that can take care of consumer’s travel needs ranging from flights and hotel rooms to local destination tours as well as car rentals under the “Travelcity” branding. 

On Monday January 9, FRFR filed an 8k that stated: “Fritzy Tech Inc reports that it has entered the online travel and tourism space with the simultaneous launch of the travel portals, www.travelcityflights.com and www.travelcitystays.com. 

Travelcityflights.com and Travelcitystays.com allow users to gain access and to book cheap flights online easily. The sites also provide ready access to thousands of hotel rooms and suites around the world, which would allow the Company to capture a proportion of the post pandemic rebounding travel market. 

Travelcityflights.com states on their website: “We are a travel metasearch site that finds and compares the best offers on flights, hotels, car rentals and package holidays. We’re free, which means that we never add any booking fees.” 

Travelcitystays.com states on their website: “We know that booking accommodation online isn’t easy, but we believe it should be. Having to trawl through a hundred websites looking at a thousand ‘deals’ can be overwhelming and complicated. At the end of the day, you just want to know you’ve booked the hotel, flight, car or tour that’s right for you – at the best possible price. We saw the opportunity to do something about this. Since then, we’ve been working hard to find you the best hotel deals.” 

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FRFR

The Company was incorporated in the State of Delaware on March 31, 2014. From inception to December 1, 2017, the Company was in the business of acquiring, developing, managing and selling residential and commercial income-producing properties in the Cincinnati and Dayton, Ohio metropolitan areas. Revenues primarily resulted from rental income from the tenants occupying the properties the Company acquired and from the proceeds of property sales. Since starting its business in March 2014, the Company has only acquired one light industrial facility in Dayton, Ohio. All real estate activity has been reclassed to discontinued operations. On December 1, 2017, the building was transferred to the Company’s primary shareholder in exchange for assumption of the debt associated with the purchase of the building. On December 1, 2017, the Company underwent a change of control and discontinued its real estate business. 

On December 3, 2019 a majority of the Company’s stockholders and its board of directors approved a change of name of the Company’s company to Fritzy Tech Inc. and a reverse stock split of its issued and outstanding shares of common stock on a sixty (60) old for one (1) new basis. A Certificate of Amendment of Certificate of Incorporation was filed with the Delaware Secretary of State on December 5, 2019 with an effective date of December 16, 2019. The name change and reverse stock split was approved by Financial Industry Regulatory Authority ( FINRA ) with an effective date of December 23, 2019. 

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Currently trading at a $33 million market valuation FRFR OS is 16,946,826 with around 1.6 million shares in the public float. The stock took off over 30% on Tuesday and had already traded $350,000 dollar volume by early afternoon. The stock is moving up in an old school pump style and we are watching to see where it goes from here. On Monday the Company filed an 8k reporting the Company has entered the online travel and tourism space with the simultaneous launch of the travel portals, Travelcityflights.com and Travelcitystays.com. We will be updating on FRFR when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below. 

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Disclosure: we hold no position in FRFR either long or short and we have not been compensated for this article.

CeCors, Inc. (OTCMKTS: CEOS) Steady Rise Northbound After Co Acquires VetComm & Beefs Up its BOD and Management Team

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CeCors, Inc. (OTCMKTS: CEOS) is making a big move northbound since making a major reversal off $0.011 lows rocketing up 44% on Monday on its biggest volume since early 2021 trading 14.8 million shares or about $4 million in dollar volume for the day. The move comes several days after CEOS announced it has signed a binding LOI to acquire VetComm Corp., a veteran’s education, and benefits company focused on assisting the over 20 million United States veterans that qualify for underutilized annual benefits and owed compensation. 

Many have pointed out that they like the direction that CEOS is going and it’s easy to see why; the Company has been busy behind the scenes bringing on a top-level management team and BOD appointed Dr. Shahiem Hartley as well as Renowned Biochemist Dr. Michael J. McCarthyto its Medical Advisory Board. They also appointed Corporate Executive & Scientific Innovator John Gustin as Head of Global Business Development. We will be updating on CEOS when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.  

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Veteran Testimonials - Veteran VA Disability Claim Services | VetComm.usVetcomm’s mission is to help Veterans get their disability compensation usually between $1,000 and $3,000 per month. The Company has an ambitious goal to help One Million Veterans get their disability compensation out of the 17 million Veterans currently living without it. The revenue potential for Vetcomm is VERY significant if they achieve anywhere near their goal as they charge between $997 one-time fee per Veteran or 12 payments of $97/month. 

PsyKey, Inc., Achieves Key Revenue Milestone With Purchase Order Of Its Functional Mushroom ProductsCeCors, Inc. (OTCMKTS: CEOS) operating through its subsidiary PsyKey Inc.,CEOS is in the business of research, development, and commercialization of entheogenic, adaptogenic, and nootropic ingredients and formulations, for use in its premium quality functional product lines to help improve and optimize everyday life. PsyKey is also engaged in the scientific development of patentable technologies pertaining to the composition, bioavailability, and targeted delivery of entheogen-based therapeutics for the fast-evolving psychedelic market.  

During the first two quarters of 2022 the company successfully launched its first product offering, PsyKey Functional Mushroom Infused coffees. The coffee line launched in four unique formulations: Mind & Memory, Calm & Relaxed, Immune & Defend, and Reishi Gano Good. Since our initial launch, we have had tremendous feedback on the taste and efficacy of the product offering, which has resulted in the company receiving bulk purchase orders for our product, which should provide a substantial increase in revenue for PsyKey commencing Q3. The positive feedback on products marketed in our initial product offering has also resulted in the development of various new functional mushroom products the Company intends on introducing over the coming months. 

In line with the Company’s plans for rapid growth, management is actively pursuing revenue-generating acquisitions and strategic partnerships. The Company is also in the final stages, pending delivery of GAAP compliant financial statements, of closing our acquisition of Nutra-Rox LLC. The Nutra-Rox functional carbonated crystal delivery technology allows for bioavailable ingredients such as functional mushrooms, adaptogens, and nootropics to be delivered via “popping” carbonated crystals. Nutra-Rox is also the developer of Breath Rox®, a sugar-free popping fresh breath treatment which delivers zinc gluconate to help reduce odor-causing bacteria in the mouth. The Nutra-Rox management team has over 50 years of collective experience in research, product development, manufacturing, branding, marketing, sales, and distribution, which should allow CeCors to quickly capitalize on additional revenue generation across newly acquired product lines. 

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CEOS

On December 19 CEOS announced it has signed a binding letter of intent (LOI) with VetComm Corp. VetComm is a veteran’s education, and benefits company focused on assisting the over 20 million United States veterans that qualify for underutilized annual benefits and owed compensation. As a result, billions of dollars in veteran benefits go unclaimed every month in the United States. Published author, entrepreneur, founder, and CEO of numerous diversified companies, United States Marine Corps (USMC) veteran Kate Monroe founded VetComm Corp. Kate has parlayed her marine corps experience into developing the premier veterans’ benefits company in the United States.  

Amar Bhatal, President of PsyKey, Inc. stated: “We are delighted to begin this journey with VetComm. The fact that they have over a quarter million veterans in their database with 2000 added every day really provides a great platform for both parties to benefit and to benefit veterans who need it the most.” 

Kate Monroe, Founder and Chief Executive Officer of VetComm Corp. stated: “I’m very excited to begin discussions with CeCors. I’m intrigued by the possibilities of integrating the PsyKey Live app into our platform and seeing how CeCors’ subsidiary PsyKey’s current and future mental wellness products can help veterans on our platform. Most veterans feel guilty for applying for benefits that are afforded to them. Veterans always put the love of country over anything. Unfortunately, that patriotism is costing them money they are entitled to for protecting and serving our great nation. At VetComm, we’re closing that gap through education and a platform that takes away the stress of applying for these entitled benefits and compensation. We continue to grow and hope for a very robust first quarter of 2023.” 

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Currently trading at a $6.3 million market valuation CEOS os is 332,079,838 with about 148,292,180 shares in the public float. The Company has a decent balance sheet with just $1.2 million in liabilities and small but growing revenues. Many have pointed out that they like the direction that CEOS is going and it’s easy to see why; the Company has been busy behind the scenes bringing on a top-level management team and BOD appointed Dr. Shahiem Hartley as well as Renowned Biochemist Dr. Michael J. McCarthyto its Medical Advisory Board. They also appointed Corporate Executive & Scientific Innovator John Gustin as Head of Global Business Development. The Company is acquiring VetComm in a deal that could prove extremally lucrative if Vetcomm achieves anywhere near the goal of helping one million Veterans get disability compensation. CEOS does have a history of big moves making a historic run from well under a penny to highs near $0.50 in early 2021.   We will be updating on CEOS when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below. 

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Disclosure: we hold no position in CEOS either long or short and we have not been compensated for this article.

FDC Tech Inc (OTCMKTS: FDCT) Heats Up After Co Acquires 50.10% Equity Interest in Online Trading Brokerage Firm; NSFX Ltd (More on Condor Pro)

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FDC Tech Inc (OTCMKTS: FDCT) is making a big move up the charts after the Company announced it has acquired a 50.10% equity interest in New Star Capital Trading Ltd., and its operating subsidiary NSFX Ltd, an online trading brokerage firm regulated by the Malta Financial Services Authority. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time. NSFX 2022 revenues were $17 million and the Company is debt free. 

FDCT does have a history of making big moves running to highs over $0.90 per share back in early 2021 when os was around 68 million shares but floundering since dropping below a penny shortly before the NSFX acquisition was announced. FDCT also acquired CIM Securities, LLC, a FINRA and SIPC member firm. On September 30, 2022, the Company paid a $20,000 non-refundable deposit and transferred $180,000 to the escrow account to complete the transaction. We will be updating on FDCT when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below. 

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FDC Tech Inc (OTCMKTS: FDCT) operating out of Irvine, California, FDCT is a fintech-driven acquisition company with a full suite of digital financial services solutions. FDC also develops and delivers technology infrastructure solutions to forex, crypto, wealth management, and other future-proof financial sectors. The Company provides customizable, innovative, and cost-efficient financial technology (‘fintech’) and business solutions to legacy financial services companies in the online regulated brokerages, wealth management, and cryptocurrency businesses (“customers”). 

FDCT intends to build a diversified global financial services company driven by proprietary Condor trading technologies, complementary regulatory licenses, and a proven executive team. The Company plans to acquire, integrate, transform, and scale legacy financial service companies. FDCT believes that its proprietary technology and software development capabilities allow legacy financial services companies immediate exposure to –forex, stocks, ETFs, commodities, crypto, social/copy trading, and other high-growth fintech markets. 

FDCT owns a 51% stake in AD Financial Services, an Australian-regulated wealth management company with 20 offices, 28 advisors, $530+ million funds under advice. ADS’ audited revenues, cost of sales, and gross profits were $5.91 million, $5.43 million, and $0.48 million for the fiscal year ended June 30, 2021. ADS’ audited revenues, cost of sales, and gross profits for the fiscal year ended June 30, 2020, were $3.26 million, $2.95 million, and $0.32 million, respectively. ADS increased its revenue and gross profit by 78.79% and 51.79% from 2020 to 2021. From July 1, 2021, to December 31, 2021, ADS’ unaudited revenues, sales cost, and gross profits for the six months were $3.03 million, $2.73 million, and $0.29 million, respectively. 

FDCTech, Inc. | LinkedInThe Company has completed the Condor Pro Multi-Asset Trading Platform is a commercial trading platform targeted at day traders and retail investors. The Condor Pro Multi-Asset Trading Platform further includes risk management, pricing engine and connectivity to multiple liquidity providers or market makers. FDCT has tailored the Condor Pro Multi-Asset Trading Platform to different markets, such as forex, stocks, commodities, cryptocurrencies, and other financial products. The Company has developed the Condor Back Office API to integrate third-party CRM and banking systems to Condor Back Office. 

FDCT currently has 6 licensing agreements for its Condor Pro Multi-Asset Trading Platform. The Company is continuously negotiating additional licensing agreements with several retail online brokers to use the Condor Pro Multi-Asset Trading Platform. Condor Pro Multi-Asset Trading Platform is available as a desktop, web, and mobile version. The Company’s upgraded Condor Back Office (Risk Management) meets various jurisdictions’ regulatory requirements. Condor Back Office meets the directives under Markets in Financial Instruments Directive (MiFID II/MiFIR), legislation by European Securities and Market Authority (ESMA) implemented across the European Union on January 3, 2018. 

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FDCT

FDCT is developing Condor Investing & Trading App, a simplified trading platform for traders of varied experiences in trading stocks, ETFs, and other financial markets from their mobile phone. The Company is currently commercializing the Condor Investing & Trading App.  The Company and its subsidiary, ADS, are developing a digital wealth management company, which will initially include a Robo Advice Platform catering to Australia’s wealth management industry. The Company is commercializing the Robo Advice Platform. 

In November FDCT announced Q3 results for the quarter ended September 30, 2022, as compared to the corresponding period of last fiscal year. Revenues generated for the nine months ended September 30, 2022, and 2021 were $4,597,097 and $221,003, respectively. Cash on hand was $246,064 as of September 30, 2022, compared to $93,546 on December 31, 2021. 

On July 19, 2022, the Company signed a non-binding letter of intent to acquire 80% equity interest in CIM Securities, LLC, a FINRA and SIPC member firm. On September 30, 2022, the Company paid a $20,000 non-refundable deposit and transferred $180,000 to the escrow account to complete the transaction. The FINRA Rule 1017 requires the Company to file continuing membership applications (CMAs) as it plans to apply for changes in ownership, control, and business operations. The Company expects to file the CMA form by the end of fiscal 2022. 

On January 6 FDCT announced it has acquired a 50.10% equity interest in New Star Capital Trading Ltd., a British Virgin Island company and its operating subsidiary NSFX Ltd, an online trading brokerage firm regulated by the Malta Financial Services Authority. NSFX is authorized to deal on its account as a Category 3 licensed entity by the MFSA, receive and transmit orders on behalf of retail and professional clients, and hold and control clients’ money and assets. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time. NSFX 2022 revenues were $17 million and the Company is debt free. 

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Currently trading at a $4.1 million market valuation FDCT os is 178,275,550 shares outstanding with a small flout of 14.5 million shares. FDCT is an SEC filer with a strong balance sheet and growing revenues recently reporting Revenues generated for the nine months ended September 30, 2022, and 2021 were $4,597,097 and $221,003, respectively. FDCT spiked to over $0.90 per share in early 2021 when os was 68 million and although os has increased to 178 million shares FDCT has a significant gap to fill from current levels. The stock was up over 180% on Friday after the Company announced it has acquired a 50.10% equity interest in New Star Capital Trading Ltd., and its operating subsidiary NSFX Ltd, an online trading brokerage firm regulated by the Malta Financial Services Authority. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time. NSFX 2022 revenues were $17 million and the Company is debt free. We will be updating on FDCT when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in FDCT either long or short and we have not been compensated for this article.

Clean Energy Technologies Inc (OTCMKTS: CETY) Blue Sky Breakout as Green Energy Play Announces Plans to List Its Shares On NASDAQ

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Clean Energy Technologies Inc (OTCMKTS: CETY) is making a steady run up the charts since reversing off $0.0202 lows last year. CETY is a green energy play under heavy accumulation and continues to breakout northbound as ASCM looks to be severely short. On Friday CETY was up over 20% closing near the high of the day at $0.107 on 8.5 million shares traded on about $1 million in dollar volume on the day. CETY does have a history of big moves running from under $0.02 to highs over $0.20 per share in early 2021. 

CETY has seen big growth in revenues which were hampered by the pandemic; over the past 2 years the Company has deployed 121 Clean CycleTM generators with 88 units used in biomass and waste to energy projects. In 2021, CETY sold CCII units at 3 sites generating approximately $1.2 million in revenue. In December CETY reported it has initiated necessary actions to list its shares on the NASDAQ Stock Market under the anticipated symbol “CETY.” Clean Energy engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. We will be updating on CETY when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.  

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Clean Energy Technologies Inc (OTCMKTS: CETY) operating out of Costa Mesa, California, CETY designs, builds and markets renewable and energy efficient products and solutions. The Company offers a suite of zero emission heat recovery solutions, combined heat to power and waste to energy products as well as engineering and manufacturing solutions focused on other energy efficient and environmentally sustainable technologies. CETY plans to become a leader in the zero-emission revolution by offering recyclable energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. 

CETY provides its customers with power plants that capture wasted heat energy and produce electricity using a unique Organic Rankine Cycle (ORC) system containing the Company’s Clean CycleTM generator. CETY’s magnetic bearing Integrated Power Modules is at the heart of its Clean CycleTM generator which can fit into a standard cargo container called the Containerized System Module, producing 140KW per Clean Cycle generator and can be linked together for projects generating up to 1MW of power. 

Clean Energy Technologies recent agreement with Enertime now permits the Company to install midsized and large ORC systems (between 1 MW and 10 MW) in the United States, allowing us to offer a full range of ORC systems to our customers. We believe this new capacity will enable us to expand our product offerings into larger scale waste recovery products in the United States. Enertime is a leader in producing ORC systems in Europe. 

CETY believes its Clean CycleTM generator is the most efficient turbine generator in it’s class and size available in the market for ORC systems generating up to 1 MW. CETY estimates that the Clean CycleTM generator has higher efficiency of approximately 15% than the Company’s competitors and its magnetic design eliminates the use of oils and lubricants, significantly reducing down time, repairs and operating costs. The patented technology used in Clean CycleTM generator was purchased from General Electric International, together with over 100 installation sites, making CETY one of the leading providers of small-scale industrial waste heat to power systems. The Company has an exclusive license from Calnetix to use their magnetic turbine for heat waste recovery applications. 

Over 121 Clean CycleTM generators have been deployed to date with 88 units used in biomass and waste to energy projects, 4 with diesel electric generators, 3 with turbine electric generators and 26 in industrial electric production applications. In 2021, CETY sold CCII units at 3 sites generating approximately $1.2 million in revenue. The Company expect to raise additional funds to expand its capacity to install 6-8 units per year which should approximately double our sales on a year-to-year basis. 

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CETY has global rights (except Russia and CIS countries) to design, build, manufacture, sell and operate renewable energy and waste recovery facilities using Enex’s HTAP10 and HTAP5 systems and other Enex products and technologies.  The patented HTAP technology utilizes a higher temperature that uses a cleaner gas for the heating process and a more efficient biogas turbine. The units can be customized to produce hydrogen, natural gas, diesel oil and bio char in varying quantities which can be sold or used to produce electricity. 

CETY is in the process of identifying projects domestically and internationally for the HTAP Biomass Reactor. The Companys believes the first project where it expects to implement the HTAP10 technology will be with Ashfield Ag Resources to co-develop a biomass renewable energy processing facility. The project is planned for a location in Massachusetts to convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. CETY expects to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar. The Ashfield project is one of four renewable energy processing facilities the Company plans to commission. CETY has a current backlog of two units representing approximately $800,000 in sales revenues. 

In December CETY reported it has initiated necessary actions to list its shares on the NASDAQ Stock Market under the anticipated symbol “CETY.” the Company’s CEO Kam Mahdi said: “The Board of Directors and management are pleased to announced plans to uplist our shares to the NASDAQ Stock Market. We believe the uplisting will provide several key strategic benefits that will serve the best interest of all our shareholders at a time when the Company is poised for growth.” 

The uplisting will not only serve to raise significant cash for the Company via a public offering, it will also make CETY available to institutional investors as well as increased liquidity and improved access in the capital markets. In order to meet the minimum trading price and other requirements necessary for listing on a national exchange, a reverse split will be affected. This split combined with the planned uplisting should make CETY’s stock more attractive to investors that may have been prohibited from purchasing them on lower exchanges. 

The Company has engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. The listing of the Company’s common stock on NASDAQ remains subject to the approval of the exchange, approval from FINRA and the satisfaction of all applicable listing requirements.  A registration statement on Form S-1 relating to the proposed public offering has been filed with the SEC but has not yet become effective.  

On December 15 CETY announced it has entered into an agreement with Synergy Bioproducts Corporation to design, build and operate a biomass renewable energy processing facility using its revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Vermont, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The plant is expected to deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually and be fully commissioned within 12 months. 

Kam Mahdi, CEO of CETY, stated “This project is the first of many anticipated renewable biomass projects, and is expected to serve as a model for developing new projects to capture market share in this highly profitable and growing industry. By vertically integrating the biomass projects into our business, we are also able to grow our heat recovery business horizontally. We hope that our future projects will be large by orders of magnitude and have a profound impact on the environment while bringing us new sources of income. The Company’s new renewable energy biomass projects are expected to further expand our goal of becoming a complete solution for industrial and municipal scale projects in the strategic markets we are targeting. 

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Currently trading at a $159 million market valuation CETY os is 1,482,977,289 with 347,844,720 shares in the public float. CETY is an exciting story developing in small caps; as we reported CETY is a green energy play under heavy accumulation and continues to breakout northbound as ASCM looks to be severely short. On Friday CETY was up over 20% closing near the high of the day at $0.107 on 8.5 million shares traded on about $1 million in dollar volume on the day. CETY does have a history of big moves running from under $0.02 to highs over $0.20 per share in early 2021. In December CETY reported it has initiated necessary actions to list its shares on the NASDAQ Stock Market under the anticipated symbol “CETY.” Clean Energy engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. We will be updating on CETY when more details emerge so make sure you are subscribed to Newsytrends.com by entering your email below. 

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Disclosure: we hold no position in CETY either long or short and we have not been compensated for this article.

Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) Big Move as Co Reports Excellent Year End Financial Results & Reaches Settlement with Sun Pharma over Lupkynis Patent Challange

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Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) is making a big move up the charts in recent trading since reversing off $4.07 lows in December. Over the past few days AUPH has rocketed up over $7 per share after the Company reached a settlement with India’s Sun Pharmaceuticals over the patent challenge of its lupus nephritis treatment Lupkynis. The two Company’s agreed to file a joint motion to dismiss Inter Parties Review (IPR) of patent number 10,286,036. The lawsuit had been a negative factor on the stock price for both companies, so the settlement was welcome news. AUPH spiked to highs over $34 per share back in 2021 based on  a pervasive buyout rumor but saw significant declines since then ending when the stock reversed of $4.07 52-week lows. 

Aurinia also provided an update on its business performance. Preliminary unaudited net revenue for the three months and full year ended December 31, 2022 was approximately $28.4 million and $134.0 million. Aurinia also had unaudited cash, cash equivalents and restricted cash and investments of approximately $388.7 million as of yearend 2022. Peter Greenleaf, President and Chief Executive Officer of Aurinia, will discuss these updates as part of a webcast presentation at the 41st Annual J.P. Morgan Healthcare Conference on Wednesday, January 11 at 4:30 p.m. Pacific Time / 7:30 p.m. Eastern Time in San Francisco, CA. Mr. Greenleaf stated Aurinia is positioned to achieve net revenue guidance from product sales for 2023 in the range of $120-$140 million. We will be updating on AUPH when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) operating out of Victoria, British Colombia, Aurinia is a commercial-stage biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. Aurinia has commercially launched LUPKYNIS in the United States for the treatment of adult patients with active LN. We continue to conduct pre-clinical, clinical, and regulatory activities to support the voclosporin development program as well as our other assets. 

On January 22, 2021, the FDA approved LUPKYNIS in combination with a background immunosuppressive therapy regimen to treat adult patients with active LN. 

On August 17, 2021, Aurinia announced the addition of two novel assets, AUR200 and AUR300. AUR200 is currently undergoing pre-clinical development with projected submission of an Investigational New Drug Application (IND) to the FDA in 2023. It is anticipated that an IND for AUR300 will be submitted during the first half of 2023. 

On December 9, 2021, Aurinia announced positive topline results from the AURORA 2 continuation study, evaluating the long-term safety and tolerability of LUPKYNIS. 

LUPKYNIS is an orally administered CNI immunosuppressant, that has demonstrated improvement in near and long-term outcomes in LN when used in combination with a background immunosuppressive therapy regimen for the treatment of adult patients with active lupus nephritis. By inhibiting calcineurin, LUPKYNIS reduces cytokine activation and blocks interleukin IL-2 expression and T-cell mediated immune responses. LUPKYNIS also potentially stabilizes podocytes, which can protect against proteinuria. Voclosporin, the active ingredient in LUPKYNIS, is made by a modification of a single amino acid of the cyclosporine molecule. The mechanism of action of LUPKYNIS has been validated with certain earlier generation CNIs for the prevention of rejection in patients undergoing solid organ transplants and in several autoimmune indications, including uveitis, keratoconjunctivitis sicca, psoriasis, rheumatoid arthritis, and for LN in Japan. We believe that LUPKYNIS possesses pharmacologic properties with the potential to demonstrate best-in-class differentiation. 

LUPKYNIS is the first FDA-approved oral therapy for lupus nephritis (LN). LN causes irreversible kidney damage and significantly increases the risk of kidney failure, cardiac events, and death. It is one of the most serious and common complications of the autoimmune disease systemic lupus erythematosus (SLE). LUPKYNIS is approved in the United States (U.S.), the United Kingdom and across the European Union (E.U). LN is a serious manifestation of SLE, a chronic and complex autoimmune disease. About 200,000-300,000 people live with SLE in the U.S. and about one-third of these people are diagnosed with lupus nephritis at the time of their SLE diagnosis. 

Earlier generation CNIs have demonstrated efficacy for a number of conditions, including transplant and other autoimmune diseases; however, side effects exist which can limit their long-term use and tolerability. Some clinical complications of earlier generation CNIs include hypertension, hyperlipidemia, diabetes, and both acute and chronic nephrotoxicity. 

Based on published data,  Aurinia believes the key potential benefits of LUPKYNIS in the treatment of adult patients with active LN versus marketed CNIs include: 

  • increased potency compared to cyclosporine A, allowing for lower dosing requirements and potentially fewer off-target effects;
  • limited inter- and intra-patient variability, allowing for easier dosing without the need for monitoring blood levels for therapeutic drug monitoring;
  • less cholesterolemia and triglyceridemia than cyclosporine A; and
  • limited incidence of glucose intolerance and new onset diabetes at therapeutic doses compared to tacrolimus.

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Aurinia Pipeline: 

AUR200: Recombinant Fc Protein Targeting BAFF/APRIL: AUR200 is a recombinant Fc fusion protein designed to specifically block B-cell Activating Factor, known as BAFF, and A Proliferation-Inducing Ligand, known as APRIL. BAFF and APRIL promote B cell survival and differentiation and have been shown to play a prominent role in the pathogenesis of certain autoimmune and nephrology conditions. AUR200 is currently undergoing pre-clinical development with projected submission of an IND to the FDA in 2023. 

AUR300: M2 macrophage modulation via CD206 binding: AUR300 is a novel peptide therapeutic that modulates M2 macrophages (a type of white blood cells) via the macrophage mannose receptor CD206. Dysregulation of M2 macrophages drives fibrosis. AUR300 acts to reduce M2 dysregulation and decrease inflammatory cytokines, and therefore may have significant clinical applications for autoimmune and fibrotic diseases. It is anticipated that an IND for AUR300 will be submitted in 2023. 

On January 6 Aurinia provided an update on its business performance. Preliminary unaudited net revenue for the three months and full year ended December 31, 2022 was approximately $28.4 million and $134.0 million. As of December 31, 2022, Aurinia had unaudited cash, cash equivalents and restricted cash and investments of approximately $388.7 million. 

Peter Greenleaf, President and Chief Executive Officer of Aurinia, will discuss these updates as part of a webcast presentation at the 41st Annual J.P. Morgan Healthcare Conference on Wednesday, January 11 at 4:30 p.m. Pacific Time / 7:30 p.m. Eastern Time in San Francisco, CA. 

Preliminary Fourth Quarter 2022 LUPKYNIS Product Metrics 

  • There were approximately 1,525 patients on LUPKYNIS therapy at December 31, 2022, compared with 1,354 at September 30, 2022. 
  • Aurinia added approximately 406 patient start forms (PSFs) during the fourth quarter 2022, as compared to 374 in the third quarter 2022. 

Aurinia Pharmaceuticals - Rockville, MD - KANE ConstructionAurinia CEO Peter Greenleaf said: “Given strong commercial execution in the fourth quarter, we demonstrated substantial growth in our key metrics for LUPKYNIS, including an increased total number of patients on therapy and an uptick in patient start forms in the back half of the fourth quarter, compared to the monthly average in the third quarter of 2022. Given this progress, we believe we have achieved our 2022 full year net product revenue guidance and are positioned to achieve our net revenue guidance from product sales for 2023 in the range of $120-$140 million.”

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Currently trading at a $1 billion market valuation AUPH os is 142,109,703 shares outstanding. The Company has a very strong balance sheet with $388.7 million in cash, cash equivalents and restricted cash and investments as of yearend 2022, just $40 million in total liabilities on the books and fast-growing revenues of $134.0 million in fiscal 2022. As we said AUPH has reached a settlement with India’s Sun Pharmaceuticals over the patent challenge of its lupus nephritis treatment Lupkynis which takes a huge amount of pressure of the stock. All eyes are now on the upcoming Annual J.P. Morgan Healthcare Conference on Wednesday, January 11 where AUPH CEO Peter Greenleaf will give a webcast presentation.  We will be updating on AUPH when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in AUPH either long or short and we have not been compensated for this article.

Xeriant Inc (OTCMKTS: XERI) Heats Up as TriFan 600, Hybrid EV Takeoff & Landing (eVTOL) Plans for First Flight in 2024 (More on Retacell)

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Xeriant Inc (OTCMKTS: XERI) is making a steady run northbound since reversing off $0.024 lows in December rocketing northbound in recent days notching up another 10% on Friday on 1.8 million shares traded on around $80,000 in dollar volume on the day. XERI does have a history of big moves rocketing up to highs near $0.60 from current levels back in early 2021. 

Starting in 2021 XERI entered into a joint venture with XTI Aircraft Company, a privately owned OEM based in Englewood, Colorado for the purpose of completing the preliminary design of XTI’s TriFan 600, a 5-passenger plus pilot, hybrid electric vertical takeoff and landing (eVTOL) fixed-wing aircraft. For more information on XERI check the reddit thread here. We will be updating on XERI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Xeriant Inc (OTCMKTS: XERI) a holding Company is dedicated to the discovery and development of advanced materials and technology related to next generation air and spacecraft, which can be successfully integrated and commercialized for deployment across multiple industrial sectors. XERI seek to partner with and acquire strategic interests in visionary companies that accelerate this mission. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. 

Xeriant, Inc. | LinkedInIn April 2022 XERI entered into a Joint Venture Agreement with Movychem s.r.o, a Slovakian chemical company, to develop applications and commercialize a series of products which incorporate an internationally patented flame-retardant technology developed by Movychem under the trade name Retacell®. The Joint Venture, owned 50% by Xeriant and 50% by Movychem, has acquired the exclusive worldwide rights to the intellectual property related to Retacell® and will be responsible for developing applications and commercializing products derived from Retacell®.  

Engineered over two decades, Retacell® is a versatile, biodegradable, non-toxic, high-performance thermal and fire protection chemical agent that is custom formulated for each application, based on the specific properties of the base material and the fire protection requirements. Retacell® can be applied as a coating, treatment, or infused during manufacturing into a variety of materials, including recycled plastics and wood-based fiber. In addition to becoming heat and fire resistant, the resulting Retacell®-enhanced materials are also water resistant. 

In June of 2022 XERO successfully developed a multi-purpose, high-strength fire- and water-resistant composite panel made from a formulation of Retacell® and a cardboard fiber-reinforced polymeric resin, which can be sourced from recycled materials. The panel is fabricated through a compression molding process and may be produced or cut in varying thicknesses and sizes, including standard 48” x 96” sheets. Depending on the application, the panel can have different colors, textures or decorative finishes. Potential interior and exterior construction applications include walls, ceilings, flooring, framing, siding, roofing, and decking. XERI trademarked NEXBOARD™ as the commercial name for its green Retacell®-based wall panels, which can be used to replace wallboard products made from gypsum and wood, such as drywall, plywood, OSB (oriented strand board) and MDF (medium-density fiberboard) for new and retrofit construction.

XERI signed an LOI with Next New Concept for the purchase of up to $130 million of Xeriant’s Retacell®-based wall panels, for a 35,000-unit residential development project in Africa, anticipated to be completed within five years. NNC has now expressed interest in acquiring additional building products through Xeriant, including doors coated with Retacell®-infused paint. The project between NNC and Xeriant could now generate more than $250 million in revenue for Xeriant beginning in 2023. NNC is an innovator in environmentally friendly, quickly constructed building systems for affordable quality housing. The Company is also investigating the requirements for the buildout of manufacturing facilities in the United States and Eastern Europe to meet the demand for the Retacell®-infused wallboards. XERI has identified potential sites, located and priced specialized manufacturing equipment, started to formulate timetables, and hired a managing director with decades of experience to oversee the advanced materials division.

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Trifan 600 long-range, high-speed hybrid VTOL promises takeoff in 2024Starting in 2021 XERI entered into a joint venture with XTI Aircraft Company, a privately owned OEM based in Englewood, Colorado for the purpose of completing the preliminary design of XTI’s TriFan 600, a 5-passenger plus pilot, hybrid electric vertical takeoff and landing (eVTOL) fixed-wing aircraft. Through the joint venture agreement with XTI, XERI was involved in the successful completion of the preliminary design of their TriFan 600 eVTOL aircraft. The TriFan 600 is being designed to become the fastest, longest-range VTOL aircraft in the world and the first commercial fixed-wing VTOL airplane, with current pre-orders exceeding $3 billion in gross revenues upon delivery of those aircraft. The joint venture is an important component in Xeriant’s plan to bolster its position in AAM.

Xeriant, Inc. $XERI (@xeriant) / TwitterAdditionally, XERI is leveraging its relationship with Florida Atlantic University to provide a collaborative research arm for technologies that require additional validation and the backing of a respected research institution for credibility. The university also may provide access to various grants through the SBIR (Small Business Innovation Research), STTR (Small Business Technology Transfer), NSF (National Science Foundation) and other programs, and if warranted, introductions into a number of government agencies, such as DOD (Department of Defense) and DARPA (Defense Advanced Research Projects Agency). XERI is pursuing strategic alliances with companies that provide complementary technologies and access to new markets. 

With its elegant design and unique versatility, the TriFan 600 continues to lead in the evolving long-range regional Advanced Air Mobility (AAM) space. The Company’s team completed Preliminary Design Review (PDR) of the aircraft earlier this year, made several improvements and performance enhancements to the aircraft through the year (see Engineering Update) and we are on track for completing Detailed Design Review (DDR) and applying for our Type Certification with the FAA in 2023. Further milestones on our journey include Critical Design Review (CDR) planned for late 2024, first flight of our full-scale test airplane in late 2025, and entry into service in 2027.  

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Currently trading at a $16.5 million market valuation XERI os is 376,933,144 shares outstanding with around 169,720,551 shares in the public float. The stock rocketed up to highs near $0.60 in early 2021 but has been in a downward trend since hitting lows of $0.024 in December. Since than XERI has come back to life doubling over the past 10 days as Retacell® gains traction and XERI continues to develop the TriFan 600 completing Preliminary Design Review (PDR) of the aircraft in 2022 as well as making several improvements and performance enhancements to the aircraft through the year. XERI is on track for completing Detailed Design Review (DDR) and applying for its Type Certification with the FAA in 2023.   We will be updating on XERI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Solar Integrated Roofing Corp (OTCMKTS: SIRC) Powerful Reversal Northbound as Solar Power, Roofing and EV Charging Systems Co Reports Record Revenues & Brings on New CEO, CFO & President

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Solar Integrated Roofing Corp (OTCMKTS: SIRC) is making an explosive move up the charts running up over 40% on Friday on 13.5 million shares traded on about $1.35 million in dollar volume on the day. Since reversing off $0.06 lows earlier in the week SIRC has been moving upwards with a new energy not seen in the stock for many months and it is clear the tide has turned and the long downtrend is over. SIRC has every reason to go up as the Company brings on a new top level management team including a new CEO, CFO and President all incentivized with Nasdaq Uplisting contingent options.
Now that SIRC has reversed and is moving northbound the stock is quickly attracting new investors and it’s easy to see why; SIRC recently reported Q3 2022 revenues were $57.3 million and the Company is projecting $400 million in revenues in 2023 as SIRC has seen unprecedented growth via a number of important acquisitions. SIRC also had a partnership with Tesla for solar installations and recently achieved a crucial milestone on its journey to uplist to NASDAQ, with the filing of a Form 10 Registration Statement with the SEC transitioning into a fully reporting company. We will be updating on SIRC when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Solar Integrated Roofing Corp. (OTCMKTS: SIRC) operating out of Henderson, Nevada is an integrated, single-source solutions provider of solar power, roofing and EV charging systems company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. Solar Integrated’s broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work.

Solar Integrated has been seeing rapid growth across the board. The Company’s roofing division experienced strong performance in the first half of 2022, with over 700 contracts signed year to date. During a recent storm in Arkansas, the Roofing sales teams sold 120 roofs, demonstrating an effective sales, targeted strategy targeting potential customers during times of need. Recently SIRC reported record Q3 operating results reporting revenues increased 333% to $57.3 million in Q3, 2022, as compared to $13.2 million in the third quarter of 2021. Net income in the third quarter of 2022 increased to $6.2 million, or $0.01 per diluted share, as compared to a net loss of $1.7 million, or $(0.00) per diluted share, in the third quarter of 2021. Not only is SIRC now profitable and making a significant amount of money, management has been busy preparing the Company for a planned 2023 Nadsaq uplisting. 

The Company’s Residential Solar Division’s dealer network now contains over 250 independent sales teams doing business in over 40 states across the country. The division is currently projecting annual totals of 5,000 solar installs totaling over 30 megawatts for 2022. Residential Solar’s preliminary unaudited year-to-date sales were $44.4 million as of May 20, 2022. SIRC Commercial Solar division sustained its momentum in 2022, receiving another $13 million in commercial projects in need of development after a recent attendance at SolarCon, a leading industry conference. The division is currently working to provide an alternative energy solution to granite yards throughout Southern California, and has also entered into a co-development agreement with Lux Power to provide solar PPAs to over 15 Georgia schools. Preliminary unaudited year-to-date sales for the Commercial Solar Division were $39.3 million as of May 20, 2022.

The Company’s EV division has benefited from a significantly expanded near-term EV charging project pipeline. PLEMCO, part of the SIRC family of companies, was recently one of only 16 firms in the country awarded a 5-year Blanket Purchase Agreement from the U.S. General Services Administration as part of the $5 billion in federal funds allocated to electric vehicle charging installations in the Biden Administration’s Infrastructure Bill. Management believes PLEMCO is particularly well positioned relative to competitors to secure contracts from the $5 billion allocation of federal funds given its long history of successful contract work with the U.S. General Services Administration. In addition, the EV division is currently working with 116 car dealerships nationwide to provide EV Charging stations for their future electric fleets. Additionally, the Company has implemented standardized cross selling processes between Commercial Solar and EV to increase aggregate sales opportunities. Preliminary unaudited year-to-date sales for the EV Division were $14.4 million as of May 20, 2022. 

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As we said SIRC has recently brought on a new top level executive management team including a new CEO, CFO and President all incentivized with Nasdaq uplisting contingent options. SIRC appointed George B. Holmes as its new CEO; a senior executive with over 35 years of hands-on experience managing and developing companies ranging in size from $400K to $4B, spanning a broad range of technologies. Mr. Holmes will prove instrumental in leading the SIRC family of companies to the next level, forming a truly national organization with the ability to scale and drive value creation while continuing to drive operational execution and revenue growth that is intended to lead to a successful Nasdaq uplisting in 2023. 

SIRC appointed Martin “Marty” McDermut as its CFO; a seasoned financial executive Mr. McDermut brings more than 30 years of broad financial leadership to SIRC, with a strong track record in strategic and financial planning, business development, mergers and acquisitions, and SEC reporting for NASDAQ-listed technology companies. Mr. McDermut will be instrumental for the Company as it moves forward on its journey as a fully reporting company and plans for a 2023 Nasdaq uplisting. SIRC also appointed Stefan Abbruzzese as President; a veteran operation executive, Mr. Abbruzzese served at GE Capital in a variety of roles and responsibilities, including leading the commercial and business platform for its North American Bank Loan Group, where he managed a multi-billion-dollar portfolio of corporate and commercial loans and a team of multifunctional employees. Mr. Abbruzzese is another highly qualified executives jointing the SIRC team, building the foundation for a planned NASDAQ 2023 uplisting.  

On January 5 SIRC announced the acquisition and retirement of its outstanding Class C Preferred Stock associated with the 2021 Enerev acquisition. Concurrent with the completion of this transaction, Enerev Founder Trent Crane has been promoted to Regional VP of Sales. In this role, Trent will oversee all sales activities for SIRC in California, including SIRC’s direct and indirect sales and customer service teams. The Class C Preferred shares were issued to the sole owner of Enerev when SIRC acquired the company in 2021 and entitled its holder to an annual dividend of 49% of the net profit of Enerev. SIRC is now entitled to retain 100% of Enerev’s net profit. SIRC issued 8,000,000 shares of its common stock to redeem the Series C Preferred Stock. 

SIRC CEO George B. Holmes said: “This transaction not only helps to simplify and clean up our capital structure ahead of a planned 2023 Nasdaq listing of our common stock, it will allow us to unlock the full profit potential of our 2021 acquisition of Enerev. As we seek to more fully realize operational synergies across our family of companies, Trent’s leadership of our California presence will prove to be an invaluable asset as we expand our operations and optimize profitability.” 

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Currently trading at a $77 million market valuation SIRC has 773,152,565 shares outstanding. The float is around 517 million shares and SIRC can move fast. The stock is a legendary runner that skyrocketed in early 2021 from current levels to $3 per share. Now SIRC has made a significant reversal and is moving northbound with power the stock is once again under accumulation. As we said SIRC has every reason to go up as the Company brings on a new top level management team including a new CEO, CFO and President all incentivized with Nasdaq uplisting contingent options. SRC recently reported Q3 2022 revenues were $57.3 million and the Company is projecting $400 million in revenues in 2023. SIRC also had a partnership with Tesla for solar installations and recently achieved a crucial milestone on its journey to uplist to NASDAQ, with the filing of a Form 10 Registration Statement with the SEC transitioning into a fully reporting company. We will be updating on SIRC when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Aqua Power Systems Inc (OTCMKTS: APSI) Completes Acquisition of Tradition Transportation Group & Negotiates Potential Acquisition of Large Warehouse Facility

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Aqua Power Systems Inc (OTCMKTS: APSI) hit a high of $0.78 on Friday December 30 after the Company filed the super 8k announcing the acquisition of Tradition Transportation Group and all its subsidiaries. Since then, the stock has seen some choppy waters and is under steady accumulation at current levels. Tradition, operating out of Angola, Indiana is a big deal in the booming freight transportation business reporting $87 million USD in revenues in 2021. Tradition also owns 6 warehouses in Indiana and Georgia that provide 1.8 million sq. ft. of warehouse compacity. 

Mergers are more explosive than biotech’s when the incoming Company has real value compared to the pubco the merged into. Take HRBR which was trading under a penny when Air Wisconsin merged into the Company and then ran to over $3 per share. APSI is debt free and an SEC filer and they have an ambitious management team looking to make more acquisitions. The Company tweeted on January 5: “With Super 8-K behind us, all eyes @ $APSI are focused forward on growth/expansion.  Negotiations presently underway for potential acquisition of very large warehouse facility including high demand large capacity freezer storage.

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Aqua Power Systems Inc (OTCMKTS: APSI) mission is to build a company that provides efficient and reliable logistics and transportation solutions that exceed the expectations of its clients and partners. The Company strives to be the industry leader by continuously improving its services, investing in the latest technologies, and valuing the safety and well-being of our employees and customers. Aqua’s goal is to build long-term relationships with its clients and partners through exceptional service, innovation, and a commitment to excellence. Currently APSI is focused on growing the company exponentially through acquisitions. 

Aqua was originally incorporated in Nevada on December 9, 2010, as NC Solar Inc. and was abandoned after its solar energy collection business failed. In December 2020 Small Cap Compliance was appointed custodian of the Company and filed the Certificate of Reinstatement on December 7, 2020. The custodianship was terminated in March 2021. 

On December 30 APSI filed a super 8k announcing the acquisition of Tradition Transportation Group and all its subsidiaries. The 8k stated: “On December 28, 2022, (the “Effective Date”), APSI entered into a series of agreements for the purchase of all of the issued and outstanding stock held by the shareholders of Tradition Transportation Group, Inc., an Indiana corporation. Those agreements are discussed below. On December 28, 2022, APSI simultaneously entered into a Stock Purchase and Sale Agreement SPA with Mr. Davis to purchase 745,196 shares of common stock of Tradition Inc., for $28,548,458 USD which is equal to $38.31 per share. The Shares represent all of the issued and outstanding shares of Tradition. Read more about the details of the transaction here. 

Tradition Transportation Seeking Lease Drivers | Flexible Home TimeTradition is headquartered in Angola, Indiana, provides freight transportation, brokerage, truck leasing and financing, warehousing and fulfillment services throughout the United States, and manufactures and sells bolts and fasteners, and creates custom plates, cages, and embeds. Traditions subsidiaries are Tradition Transportation Company, L.L.C., Tradition Leasing Systems, L.L.C., Tradition Logistics, L.L.C., Freedom Freight Solutions, LLC, Tradition Transportation Sales & Service, Inc. and Anthem Anchor Bolts and Fasteners, LLC. Tradition operates in the booming U.S. trucking industry that is large and fragmented, characterized by many small carriers. Some of Tradition’s competitors include J.B. Hunt, Old Dominion Freight Line, Schneider, ACME Truck Line Inc., Crete Carrier, C.H. Robinson, CRST, Knight Logistics, Swift, and Werner Enterprises. Gross freight revenues from trucking amounted to $875.5 billion dollars in 2021, which represents 80.8% of the revenue generated by the freight industry. 

Tradition’s “Warehouse Leasing Services” make up about 8% of its total revenue, as of its fiscal year ended December 31, 2021. Tradition has 6 warehouses with 4 in Indiana, specifically Angola, Indianapolis, Greenfield, and Greenwood; and 2 located in Georgia, specifically Statesboro and Savannah. The warehouses provide more than 1.8 million sq. ft. of warehouse compacity. 

Tradition operates a fleet of approximately 162 company-owned tractors and approximately 303 trailers. Additionally, Tradition leases approximately 64 tractors and 248 trailers. Tradition’s tractor fleet includes technology including electronic logging devices ELDs, electronic speed limiters, electronic roll stability, and Samsara forward facing dash cams. Each of Tradition’s company tractors is also equipped with onboard communication units that offer real time freight positioning to its customers and instant communication between its drivers and Tradition. Tradition’s company tractors have an average model year of 2020 and its trailers have average model year of 2017, as of December 28, 2022. 

Tradition maintains a diverse customer base that includes a large base of nearly 500 active customers, including Meijer Distribution, Inc. Therma-Tru Corp., Dunham’s Distribution Center, Bridgestone, and C.H. Robinson. Tradition’s customers fall within a broad spectrum of geographies and end markets, including building materials, transportation, automotive, manufacturing, grocery stores, containers and packaging, and food and drink. For the fiscal year ended December 31, 2021, Tradition’s largest customer accounted for approximately 13% of Tradition’s revenue. 

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Over the past year Tradition has made 2 significant acquisitions including Karr Transportation, Inc., through which the Company acquired 25 tractors for $3,500,000, and 35 Utility Reefer Trailers for $3,000,000. Traditions subsidiary Anthem Anchor Bolts & Fasteners, LLC acquired a number of assets from EDSCO Holding Company, LLC that included a 2011 Chevy Truck, a Trailer, a Nissan forklift, a Yale forklift, a Clark Forklift, a 250 Amp Mig Welder, a 2 1/2 Double head landis Threader, a 1 1/4 single head landis, a 1 1/4 rotary bender, a 200 ton Bulldozer, a do all saw, a Tesker 236 threader, a Tesker 215 roll threader, a Tesker 210 roll threader, a Reed B 112 Roll threader, a Landis Lanurol roll threader, a Plasma table, a Landis cut threader, a Floor scale, an additional 250 amp mig welder, various tools, a Bar Snapper, a Plasma Water Table, a Small bending unit, a Pallet Racking machine, and a Mult-function Printer. 

ImageOn January 4 APSI commented on the recently released and formally announced the successful consummation of the recently announced LOI to wholly acquire Tradition Transport Group, Inc and its entire portfolio of corporate subsidiaries. 

Tradition was incorporated under the laws of the State of Indiana on September 16, 2015. Tradition is headquartered in Angola, Indiana, and provides freight transportation, brokerage, truck leasing and financing, warehousing and fulfillment services throughout the United States, and manufactures and sells bolts and fasteners, and creates custom plates, cages, and embeds. As of December 2022, Tradition has approximately 215 full-time employees. 60 of the full-time employees are its drivers, and 122 are office personnel. Tradition also 132 owner operator drivers. 

In fiscal year 2021 Tradition Transport recorded approximately $87 million dollars of revenue in its audited financial statement. 

Tim Evans President and CEO of Tradition Transport stated: “Months of planning, discussing, and strategizing have come to fruition and I’m more excited for Tradition’s future than ever before. First of all, let me be as clear as possible to all the Tradition family of clients, drivers, and other employees that this acquisition does not change our business trajectory other than amplifying and accelerating the path we’ve already been on. We believe that this acquisition positions Tradition for next-level growth. Tradition is a profitable company with an established customer base. Tradition surpassed our 2021 audited numbers by a significant margin. I’ll be talking more about this soon once our 2022 audit is complete. Suffice it to say we are growing and now through this acquisition we have a rock-solid foundation that will carry us far into the future.” 

As Aqua Power takes on a new life with this acquisition, the Company offered the following as a mission statement that more accurately defines the corporate business: “Our mission is to build a company that provides efficient and reliable logistics and transportation solutions that exceed the expectations of our clients and partners. We strive to be the industry leader by continuously improving our services, investing in the latest technologies, and valuing the safety and well-being of our employees and customers. Our goal is to build long-term relationships with our clients and partners through exceptional service, innovation, and a commitment to excellence.” 

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Currently trading at a$6.4 million market valuation APSI os is 17,204,180 shares outstanding. The stock has fallen significantly since its highs of $0.78 on December 30 when the Transport acquisition was announced and is currently under heavy accumulation by speculators who don’t expect to see these prices last for long. Tradition, operating out of Angola, Indiana is a big deal in the booming freight transportation business reporting $87 million USD in revenues in 2021. Tradition also owns 6 warehouses in Indiana and Georgia that provide 1.8 million sq. ft. of warehouse compacity. APSI is debt free and an SEC filer and they have an ambitious management team looking to make more acquisitions. The Company tweeted on January 5: “With Super 8-K behind us, all eyes @ $APSI are focused forward on growth/expansion.  Negotiations presently underway for potential acquisition of very large warehouse facility including high demand large capacity freezer storage.  We will be updating on APSI when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in APSI either long or short and we have not been compensated for this article.