DryShips Inc. (NASDAQ:DRYS) Plunges

DryShips Inc. (NASDAQ:DRYS)

DryShips Inc. (NASDAQ:DRYS) plunged by more than 30% after announcing a 1-for-5 reverse stock split of common shares. A shareholder’s annual general meeting last month approved the split, giving the board the mandate to determine the exact split ratio.

1-for-5 Reverse Stock Split

Reverse stock splits are normally used to strengthen a stock price if a security is in danger of falling below a key level. However, that was not the case after the Drybulk carrier announced its reverse stock split ratio.

DryShips Inc. (NASDAQ:DRYS) has underperformed the overall industry having traded below the $5 a share since May 15. Closing at record lows of $1.70 last week appears to have spooked the management team, prompting the reverse stock split that it now hopes will revitalize the sentiments of institutional investors.

The ocean-going cargo vessel’s 1-for-5 reverse stock split will come into effect on June 22 under the trading symbol ‘DRYS’. The split will reduce the number of the company’s shares to 4.8 million from 24.1 million.

“No fractional shares will be issued in connection with the reverse split of the issued common shares. Shareholders who would otherwise hold a fractional share of the Company’s common shares will receive a cash payment in lieu thereof at a price equal to that fraction to which the shareholder would otherwise be entitled multiplied by the closing price of the Company’s common shares on the Nasdaq Capital Market on June 21, 2017,” DryShips Inc. (NASDAQ:DRYS) in a press release.

Dilution Concerns

The 1-for-5 split is the second in a span of less than two months. Early last month DryShips initiated a 1-for-7 reverse stock split as it sought to revitalize investor’s attitudes towards the company. Last month’s split reduced the company’s shares to 9.6 million from 65.6 million. However, the share count more than doubled as the company sold more shares in private stock offerings as part of a capital raising drive.

Dilution has considerably overwhelmed DryShips Inc. (NASDAQ:DRYS) amidst growing financial health concerns. The stock is currently down by more than 90% for the year as fears of the stock dropping below the $1 a share mark continue to grow.

DryShips Inc. (NASDAQ:DRYS) dropped in Monday and Tuesday’s trading sessions and now stand at $1.02 – establishing a new 52-week low.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $DRYS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Bombardier Inc (OTCMKTS:BDRBF) Nears 52-Week high

Bombardier Inc (OTCMKTS:BDRBF)

Bombardier Inc (OTCMKTS:BDRBF) shares are within 7.6% of their 52-week high. Today BDRBF shares closed at $1.97, just $0.15 short of their 52-week high of $2.12. YTD. BDRBF shares have gained 12% while the S&P 500 has gained just 8%. For the year, BDRBF shares have gained 30% while the S&P 500 has gained 18%.

Bombardier Inc (OTCMKTS:BDRBF), headquartered in Canada, manufactures planes and trains. Bombardier operates four divisions: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft division designs, manufactures, and provides services for three brands of business jets – Learjet, Challenger, and Global. The Commercial Aircraft segment manufactures a portfolio of commercial aircraft in the 60- to 150-seat class. The Aerostructures and Engineering Services division designs and manufactures aircraft structural components, such as engine nacelles, fuselages, and wings. The Transportation segment provides a full portfolio of products and services to the rail industry.

A likely reason for the increase in shares of Bombardier Inc (OTCMKTS:BDRBF) was today’s announcement that Ethiopian Airlines Enterprise is the undisclosed customer that signed a firm purchase agreement for five additional Q400 turboprop aircraft. Based on the list price of the Q400 aircraft, the contract is valued at approximately USD $162 million. Ethiopian Airlines is a leading carrier on the African continent. Ethiopian Airlines was recently named African Airline of the Year for the second year in a row at the Air Finance Africa Conference in Johannesburg, South Africa. Ethiopian Airlines’ initial order from Bombardier Inc (OTCMKTS:BDRBF) was for eight Q400 aircraft plus four options was announced on November 20, 2008. Four re-orders directly and through Palma Capital, including the one announced on June 9, increase the airline’s Q400 aircraft fleet to 24 aircraft, the largest in Africa.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $BDRBF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Volumes Explode for TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF)

TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF)

TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) shares are up over 6% and closed at $0.255. Volumes were extraordinarily heavy. TOWTF shares have a 30-day, daily trading volume average of 2,308 but by the end of trading today over 960,000 shares had traded hands which amounts to a 400-fold increase. There were two catalysts for the gains seen in share price and volumes. The company received construction approval for additional towers and also announced its shares has begin to be included in the Columbian Stock Exchange Composite Index.

TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) headquartered in Vancouver, Canada, owns and operates wireless telecom infrastructure sites in South America. Its primary focus is property selection, architecture and engineering, and zoning acquisition of wireless infrastructure, including towers. Its core business is providing cellular carriers access to its infrastructure – typically through long-term leases. Given the 4G and LTE networks, TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) is positioning itself for strong organic growth in Columbia and Argentina. TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) attempts to build a competitive advantage in the market by building towers in municipalities where there is limited or no cellular coverage. This strategy improves the chances of multiple carriers sharing the tower and minimizes competitive risk.

Today, TOWER ONE WIRELESS COM NPV (OTCMKTS:TOWTF) announced that one of its Colombia subsidiaries received construction approval from a Mobile Network Operator (MNO) to build ten additional towers. Construction is expected to commence within the next 30 days. The new towers will be the first new towers to be built in Columbia this year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $TOWTF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Is AIMIA INC COM NPV (OTCMKTS:GAPFF) Oversold?

AIMIA INC COM NPV (OTCMKTS:GAPFF)

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares closed the day down over 7% at $1.15. Volumes were heavy. GAPFF shares have a 30-day, daily average trading volume listed at 106,023 but today over 450,000 shares traded hands. Amia Inc., headquartered in Montreal, Canada, is a data-driven marketing and loyalty analytics company. They provide customer insights to their clients to help the business make better, and more informed, business decisions. Additionally, the analytics can help companies build loyalty programs and personal relationships that result in mutually beneficial value exchanges.

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares cratered in May after Air Canada announced that it would sever ties with the company in 2020. AIMIA INC COM NPV (OTCMKTS:GAPFF) ran an air miles loyalty program named Aeroplan. Air Canada participated in that rewards plan. Aima faces the risk that other Aeroplan members may decide to terminate their membership because Air Canada, while only contributing 10% to Aima’s revenues, is responsible for more than 75% of Aeroplan miles are redeemed with the carrier.

AIMIA INC COM NPV (OTCMKTS:GAPFF) shares have never recovered. At the time of the announcement, GAPFF shares were trading around $6.50. Since then, GAPFF shares have traded as low as $1.078. According to many experts, the Relative Strength Index (RSI) is a valued indicator of an “oversold” or “overbought” condition in stocks or markets. Currently, GAPFF shares have an RSI value under 20 which indicates an oversold condition.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GAPFF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc Anderson is a pseudonym. Marc has a BSc. degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

APHRIA INC COM NPV(OTCMKTS:APHQF) Signs up Union for Services and Products

APHRIA INC COM NPV(OTCMKTS:APHQF)

Last week, APHRIA INC COM NPV(OTCMKTS:APHQF) announced its first collaborative initiative with Labourers’ International Union of North America (LiUNA). Aphria’s partnering with LiUNA Local 625 as its primary provider of medical cannabis to members in Canada’s Essex and Kent counties brings the medical cannabis company a valued revenue channel. Local 625’s membership approximates 1,600 plus eligible dependents who will all have immediate, and full coverage, access to certain Aphria medical cannabis products.

The partnership gives 625 LiUNA Local members access to a range of fulfillment activities that will be provided by a nationally recognized Benefits Administrator, as well as Natural Health Services, one of Canada’s leading patient-centric medical cannabis clinics. These organizations will assist LiUNA members with cannabis education and physician services available through APHRIA INC COM NPV (OTCMKTS:APHQF).

Vic Neufeld, CEO of APHRIA INC COM NPV(OTCMKTS:APHQF) stated “Aphria is thrilled to be entering into a partnership with LiUNA, one of Canada’s fastest growing union. We’re always looking for new and innovative ways to support patients and, in joining forces with Local 625, we’ll be able to provide some of the hard-working Canadians in Essex and Kent counties access to our high-quality products at affordable pricing.”

This program’s objective is to reduce opioid usage and dependency by giving access to an alternate natural option for treating various chronic conditions. Opioid dependency has become a health emergency for both Canada and the U.S.A.

“The health and wellness of our members is of critical importance to LiUNA, and in launching this partnership with Aphria, we are taking a major step forward in improving the lives of our members,” says Rob Petroni, Business Manager of Local 625. ” Workplace injuries are far too often treated with opioids and their related effects, and medical cannabis will provide another treatment option.”

APHRIA INC COM NPV (OTCMKTS:APHQF) revenues skyrocketed from the $636,000 reported in FY2015 to $4.5 million reported in FY2016. Similarly, FY2015 had a net income loss of $5.2 million and that figure improved to a profit of $304,000 in FY2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $APHQF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

CV Sciences Inc (OTCMKTS:CVSI) CEO Subject of SEC Civil Action

CV Sciences Inc (OTCMKTS:CVSI)

Michael Mona, Jr., CEO of CV Sciences Inc (OTCMKTS:CVSI) is the subject of a civil action by the U.S. Securities and Exchange Commission (SEC) that includes allegations of accounting fraud regarding the company’s 2013 asset purchase of PhytoSphere Systems from Medical Marijuana (OTCQB:MJNA). Shares of CVSI are down over 18% at $0.247 with less than one hour of trading left. Volumes are heavy. CVSI has a 30-day, daily average volume of 273,000 shares but today over 2.5 million shares have traded hands.

In the SEC complaint, CannaVEST, the precursor to CV Sciences Inc (OTCMKTS:CVSI), reported the acquisition of PhytoSphere Systems LLC. The acquisition included existing rights to hemp production and processing facilities, for $35 million. However, the SEC alleges that Mona knew that the agreed valuation was significantly overstated. The SEC alleges in the complaint that CannaVEST agreed to the inflated valuation because CannaVEST would pay for PhytoSphere Systems with, primarily, shares of CannaVEST which Mona believed had little value at the time.

The SEC complaint goes on to describe the accounting fraud it believes took place. CannaVEST, now CV Sciences Inc (OTCMKTS:CVSI), wrote down the acquisition value to $8 million on the Form 10-Q filed by CannaVEST in their Q# filing. However CannaVEST failed to publicly disclose the inflated valuation. That failure would have led to Q2 and Q3 balance sheets being materially overstated. According to the complaint, in April 2014, at the request of its new auditors, CannaVEST restated the three quarterly filings for 2013 in order to report PhytoSphere’s $8 million value, not the $35 million it had previously reported.

The SEC’s complaint charges CannaVEST with fraud, filing false financial reports, and other federal securities law violations, and seeks a permanent injunction and civil money penalties. The complaint charges Mona with fraud and other violations, including the deceit of auditors, and seeks a permanent injunction, civil money penalties, an officer and director bar, and reimbursement of his $10,000 cash bonus for 2013, as provided for under Section 304(a) of the Sarbanes-Oxley Act.

A review of the CV Sciences Inc (OTCMKTS:CVSI) website revealed no acknowledgement of the SEC complaint or the charges against the CEO. However an announcement was released by the company today that CV Sciences Inc is pursuing an Investigational New Drug application with the FDA for their smokeless tobacco addiction therapy.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CVSI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Hornbeck Offshore Services, Inc. (NYSE:HOS) New Credit Facility

Hornbeck Offshore Services, Inc. (NYSE:HOS)

Hornbeck Offshore Services, Inc. (NYSE:HOS) financial flexibility has received a major boost with the signing of a new credit facility agreement. Under the terms of the agreement, the company will refinance its existing $200 million senior secured revolving credit facility with a new first-lien, “delayed draw” credit facility. The six-year term agreement provides the company with $300 million.

New Credit Facility

The new credit facility will accrue an interest rate of either LIBOR rate or base rate, at the company’s option. Hornbeck Offshore says it will focus its efforts on lowering the interest rate to lower the current call protection to two years.

The facility increases Hornbeck Offshore Services, Inc. (NYSE:HOS)’s applicable borrowing base from $75 million in addition to extending the maturity date by over three years. Funds from the new facility are to be used for general corporate purposes as well as for working capital. Hornbeck also plans to acquire a number of distressed assets in the market.

Hornbeck Offshore Woes

The pursuit by Hornbeck Offshore Services, Inc. (NYSE:HOS) of a new credit facility does not come as a surprise given that its cash balance has come under pressure. The company recently posted a wider than expected first quarter net loss. The offshore company says it generated a net loss of $27.9 million for the first three months of the year, up from a net loss of $7.5 million as of Q1 2016.

The company appears to be struggling with its core business as its revenues have dropped by 42.6% to $32.7 million in the quarter. Weak global market conditions continue to hurt operations leading to an increase in vessels stacked. As of the end of the first quarter, the company had an average of 45.9 vessels stacked compared to 33.7 a year ago.

“[…]The Company’s active fleet for 2017 is expected to be comprised of an average of 17.2 new generation OSVs and 6.1 MPSVs. With an assumed average of 46.0 new generation OSVs and 2.0 MPSVs projected to be stacked during fiscal 2018, the Company’s active fleet for 2018 is expected to be comprised of an average of 16.0 new generation OSVs and 7.3 MPSVs,” Hornbeck Offshore Services, Inc. (NYSE:HOS) in a statement.

Hornbeck Offshore Services, Inc. (NYSE:HOS) Operating expenses in the quarter dropped to $27.9 million from $40.4 million, helped by a decrease in the company’s active fleet. General and administrative expenses on the other hand nearly doubled to $14.2 million from $8.7 million. Hornbeck Offshore attributes the increase to bad debt reserves and an increase in short-term incentive compensation.

Hornbeck Offshore Services, Inc. (NYSE:HOS) stock was up by 33.33% in Friday’s trading session to end the week at $2.64 a share. Today HOS shares are down around 5%.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HOS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) Up Over 130%

TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS)

TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) is based in Williamsburg, VA but has aviation facilities and offices located around the world. Last Friday TMPS shares had a volume figure of 861,781 – a number over 15 times the 30-day daily average. The daily range was from $0.07 to $0.18 – large by most expert measures. TMPS shares closed around the middle of that range at $0.141. Today TMPS shares have exploded from the opening bell and are currently up over 130% at $0.325 on massive volumes. No news is publicly available that would put this significant upward move into context.

The longer term price decline in shares of TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) is understandable when you see that Tempus’ FY2015 gross profit of $465,000 shrank to a loss of $307,000 in FY2016. However, the FY2016 loss in net income applicable to common shareholders was $3.1 million, which was much better than the FY 2015 loss figure of $7.5 million. Total assets in FY2015 were $4.8 million and that figure almost doubled in FY2016 to $9.6 million. Meanwhile, total liabilities for TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) shrank from their FY2015 figure of $14.6 million to $12.7 million for FY2016.

Tempus flies airplanes, of every type, including unmanned, for a variety of missions. TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) also modifies aircraft for special missions and provides turnkey leasing and service contracts. Their clients include global government agencies including the U.S. Department of Defense, U.S. Africa Command, and Joint Special Operations Command. They also count private companies such as Northrop Grumman and L-3 communications amongst their private company clients.

Scott Terry, a formal naval aviator, founded TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) after 22 years in government and corporate aviation. He successfully reorganized and sold Flight International Inc. and has “Director of Government Sales for the Americas” for Bombadier Aerospace on his resume.

One area of interest to traders is the short interest in shares of TMPS. At times, the number of shares sold short has reached over 20,000. There is little doubt that the lacks of financial news or contract acquisitions have attracted short-sellers.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $TMPS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Can Iconic Brands Inc (OTCMKTS:ICNB) Execute?

Iconic Brands Inc (OTCMKTS:ICNB)

Amityville, NY-based Iconic Brands Inc (OTCMKTS:ICNB) develops, markets, and distributes celebrity branded alcoholic beverages by leveraging their ability to acquire alcoholic products from around the world and brand them with internationally recognized celebrities. ICNB currently trades around $0.01187. Back in 2014 the company was briefly trading above $0.30 however since mid 2015 the company has struggled to gain traction above $0.02.

There is little doubt that its business model is a proven one – match a quality product with an international celebrity. There is also little doubt that such a strategy has worked well in the alcoholic beverage sector. Christie Brinkley is one of the celebrities who signed with Iconic Brands Inc (OTCMKTS:ICNB). Christie Brinkley is an international model with over 500 magazine covers to her credit as well as roles in cinema, TV, and Broadway. Ms. Brinkley is the spokesperson for two brands, Bellissima and Treviso, of Prosecco – a sparkling Italian wine often referred to as the Champagne of Italy. Another product in Iconic Brand’s portfolio is Bivi Vodka. Interestingly, Bivi is distilled in Sicily, Italy under the eye of Master Distiller Giovanni La Fauci. According to the company’s marketing, Giovanni will only use Sicilian fruitwoods to fire his stills and will only fire his stills during certain phases of the moon. Bivi Vodka has acclaimed actor Chazz Palminteri as their spokesperson. The fit is natural as Chazz claims 100% of his heritage as Sicilian.

So is Iconic Brands Inc (OTCMKTS:ICNB) executing their strategy to the benefit of shareholders? Let’s look at their last quarter of 2016 and compare it to the first quarter of 2017. For Q4 2016 Iconic Brands reported a net income loss of $5.4 million, but that performance greatly improved in Q1 2017 as a net income profit of $3.05 million was reported. However, of importance were the listed liabilities. For Q4 2016 Iconic Brands Inc (OTCMKTS:ICNB) listed liabilities of $9.1 million and that number shrank to $5.2 million for Q1 2017. Juxtapose those liabilities against assets of, correspondingly, of $264,000 and $346,000 and it may force you to pick up a drink or two. The liability shrinkage was due to a debt settlement. In that settlement, Iconic Brands Inc (OTCMKTS:ICNB) negotiated a final conversion into 482 million shares compared to what could have potentially been billions of shares. Iconic Brands also received concessions of nearly $125,000 dollars tendered by the note holders, and all interest has ceased. This will eliminate over one million dollars in debt from the company balance sheet. Importantly, the agreement further stipulates that all shares be placed with a professional institutional broker, where using their exclusive discretion, a maximum aggregate of ten percent of the daily volume can never be exceeded when liquidating the shares.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $ICNB and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc Anderson is a pseudonym. Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Is CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) a VC Play?

CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO)

CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) is a Plano, TX-based company and can best be described as a publicly listed holding company of companies that it has seeded, nurtured, and made operational. On the surface, it seems like a publicly listed venture capital firm. From the shareholder’s point of view, the company’s purpose is to develop a portfolio of highly successful and wholly owned businesses. That goal will be accomplished by identifying firms that Chron believes will benefit from their incubation, advisory, and capital resources. Like most venture capital firms, CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) focuses on sectors that they believe they can add value. In their case they focus on smart home services, Internet of Things (IoT) platforms, deregulated energy & energy efficiency offerings, software, telecomm & wireless related segments.

In such a business model, the real value is in the strength of management. Byron Young is the Chairman and Treasurer of CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO).He has over 20 years of entrepreneurial experience, has founded several technology companies, and led them into an exit or into growth stages. He specializes in telecommunications, wireless, software, and de-regulated energy industries. Alex Rodriguez is the President and Secretary of CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO). Mr. Rodriguez has over 15 years if energy experience and over 20 years of C-level business experience in the energy, telecom, and information technology sectors.

Young and Rodriguez first bought, in December of 2015, a publicly traded restaurant company, USA Restaurant, Inc. (OTCPK:USAR). After that foray, the pair changed the branding, and ticker, from USA Restaurants to The Chron Organization Inc (CHRO). In 2016, CHRON ORGANIZATION COM USD 0.001 (OTCMKTS:CHRO) announced the rollout of its home automation and alarm services company dba CHRON Home Services. Later in 2016, the company launches Zen Technologies, an enterprise intent on entering the “smart home” market. Lastly, CHRON acquires Enertrade Electric LLC, a Texas-based retail electric provider.

So how are the efforts of Young and Rodriguez being received by the market? YTD the S&P 500 has gained about 7%, but CHRO has gained 32% over that same time period. Currently trading at $0.034, CHRO has a 52-week low of $0.016 and a 52-week high of $0.048.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CHRO and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.