Global Quest Ltd (OTCMKTS:GLBB) Soars On New Distribution Agreement

Global Quest Ltd (OTCMKTS:GLBB)

The momentum around Global Quest Ltd (OTCMKTS:GLBB) shows no sign of slowing down weeks after the company announced the formation of a subsidiary dedicated to the distribution of nutrient supplements. Renewed investor sentiments on the stock in the recent past seem to have been fueled by a recent distribution agreement that the company signed with Camino Products LLC.

Distribution Agreement

The exclusive distribution agreement is for the distribution of the company’s AminoD Sleep and AminoD Relief natural remedies throughout the U.S. The first batch of shipments are set to arrive in outlets over the next 8 weeks.

In a bid to increase sales, Global Quest Ltd (OTCMKTS:GLBB) says it plans to broaden its product line(s) as it attempts to leverage the Camino distribution channels. The company is also marketing its products for their medicinal capabilities reiterating that they are designed to help provide relief from inflammation as well as sleeping disorders.

“These nutrient supplements are distributed under the Global Quest brand name and patients may purchase them directly from doctors, dispensaries or via Global Quest’s website. Patients can also choose to sign a subscription agreement for convenient monthly deliveries direct to their homes,” Global Quest in a statement.

The Global Quest Ltd (OTCMKTS:GLBB) bid to target dispensaries, in additional to retail consumers, with its line of supplements is part of an effort that seeks to diversify its revenue stream. The company is also selling products directly from its site and has a subscription program in place.

Stock Sale

Separately, regulatory filings show that Teller, a Colorado limited liability company, and Richard C Wiener signed a purchase agreement for the purchase of Global Quest Ltd (OTCMKTS:GLBB) stock. According to the agreement, Mr. Weiner purchased 7 million shares held by Teller for $0.001 a share representing 69.65% of the outstanding shares.

Global Quest Ltd (OTCMKTS:GLBB) stock rallied by 4% in Wednesday trading session and ended the day at $0.26 a share.

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.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Global Arena Holding Inc. (OTCMKTS:GAHC) In Focus As Bitcoin Continues To Rise

Global Arena Holding Inc. (OTCMKTS:GAHC)

Global Arena Holding Inc. (OTCMKTS:GAHC) investments in blockchain technology and startups appear to be paying off if its performance in the market in recent weeks is anything to go by. The stock has come to light in the recent past and is currently trading at its 52-week high.

Bitcoin Factor

The stock’s bullish tone does not come as a surprise given that the company is among the few companies offering exposure to Bitcoin. The bitcoin space remains the talk of the Street, the digital currency having been on an impressive run to current highs of $2,834. Talk of Bitcoin replacing traditional reserve currencies explains why investors are starting to look at companies that have a bitcoin-centric business model.

Global Arena Holding Inc. (OTCMKTS:GAHC) operates a subsidiary by the name GAHI Acquisition Corp that offers crypto-type services through the application of the blockchain technology which underpins Bitcoin. The fact that blockchain can be used on various areas of tech and finance means the company remains exposed to unique opportunities for growth.

Global Arena Big Plan

In a bid to take advantage of the growth in demand for blockchain technology and Bitcoin, Global Arena has already started to work on its own type of applications that leverage the two. Such applications involve applying blockchain in ATM machines, smart contracts, wills, and even voting machines.

Getting a head start on this application is key if a technology company is to stand a chance in competing against other companies with huge financial muscles. As bitcoin and blockchain become more mainstream Global Arena Holding Inc. (OTCMKTS:GAHC) could be able to generate a substantial amount of revenues.

Global Arena Holding Inc. (OTCMKTS:GAHC) stock exploded in Monday’s trading session. The stock was up by 107.69% and ended the day at $0.0540 a share. The big question now is whether the stock has what it takes to sustain the rally having registered a new 52-week high and trading at the high end of its tight trading range of $0.03 – $0.05 a share.

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 $GAHC 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.

Inventergy Global Inc (NASDAQ:INVT) Spins Off 740 Telecommunication Patents In Bid To Trim Debt

Inventergy Global Inc (NASDAQ:INVT)

Inventergy Global Inc (NASDAQ:INVT) has completed the restructuring of its debt, marking yet another a milestone that CEO, Joe Beyers, says allows them to focus on new opportunities for growth. The signing of a restructuring agreement with a senior lender is part of an ongoing transformation that the company is using as it continues to explore ways of trimming losses from operations.

Debt Restructuring Milestone

The restructuring also allows the intellectual property company to reduce its operating expenses by $1.3 million. Inventergy Global Inc (NASDAQ:INVT) has since assigned 740 telecommunications patents to INVT SPE LLC as part of the debt restructuring agreement.

“We are excited by the prospect of sharing in future net monetization revenues from the patents held by INVT SPE LLC. This revenue share, our significantly reduced cash burn rate, and the opportunities for our Inventergy Innovations business will enable us to increase value for our stockholders,” said Mr. Beyers

Giving INVT SPE LLC rights to 740 patents, however, raises serious concerns about the long-term prospects for Inventergy Global. The fact that the lender has the sole discretion to make decisions on how the patent are used means the company won’t be in control of ensuring maximum value is generated from the patents. The company also won’t have a say on the lender’s choice of licensing or selling the patents.

Tanking Revenues Widening Net loss

Inventergy Global Inc (NASDAQ:INVT) is in dire need of new avenues of revenue having seen its 2016 full year revenues tank to $1.77 million from highs of $4.9 million in 2015. While collateralizing over 750 patents was inevitable if the company was to restructure its debt, this also renders it powerless in its bid to shore up the current revenue base even with a cash-sharing agreement.

Inventergy Global Inc (NASDAQ:INVT)’s operating expenses are still quite high at $7.99 million even after dropping by 22% last year from $10.2 million in 2015. It now awaits to be seen how the company plans to increase value to shareholders after the spinning off of 740 valuable telecommunications patents.

The Silicon Valley, CA-based intellectual property company has no option other than moving with speed to license its current patented technologies if it is to shore up earnings. Relying on INVT SPE LLC to generate shareholder value may not be enough given the current debt burden and net losses that run into millions of dollars.

Inventergy Global Inc (NASDAQ:INVT) stock came to life in Friday’s trading session, rallying by 38.30% to end the day at $0.260 a share. The stock is currently trading in a tight range between $0.19 and $0.28 a share with a 52-week high of $0.28 a share and a low of $0.19 a share.

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 $INVT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Vera Bradley, Inc. (NASDAQ:VRA) Earnings Expectations

Vera Bradley, Inc. (NASDAQ:VRA)

Vera Bradley, Inc. (NASDAQ:VRA) stock continues to trade higher on high volume, ahead of its earnings call for the quarter ended April 29, 2017. Analysts expect the company to post earnings of $0.06 a share compared to earnings of $0.13 a share posted for the same period last year. For the current year, analysts expect the company to post full-year earnings of $0.43 a share.

CID Resources Licensing Agreement

The designer of women’s handbags, accessories, and luggage and travel items goes into earnings call fresh from signing a licensing agreement with CID resources. The agreement is for apparel and coordinating accessories for female healthcare professionals.

Under the terms of the deal, all licensed products are to be sold in appropriate distribution channels that include Vera Bradley, Inc. (NASDAQ:VRA) stores as well as other specialty and chain stores across the country. The company is currently working with a number of licensing partners as it continues to work on the final product designs.

Chief Executive Officer, Rob Wallstrom, remains confident of the company generating substantial value from the deal given that they are entering a U.S. market that is estimated to be worth $1.8 billion.

“We are delighted that we will be able to offer beautiful apparel and accessories solutions not only to these existing customers but to introduce Vera Bradley to thousands of other medical professionals as well. We are thrilled to inject our version of functionality, color, and especially fun into this important product category,” said Mr. Wallstrom.

However, the licensing agreement will not have any material impact on Vera Bradley, Inc. (NASDAQ:VRA)’s financial performance for FY 2017.

Healthcare Sector Opportunities

According to the executive, the signing of the agreement is part of a plan that seeks to provide women with a variety of apparel solutions. Launched in 2018, the healthcare professional collection has experienced huge success thanks to a number of licensing agreements that Vera Bradley, Inc. (NASDAQ:VRA) has signed. Some of the company’s licensing partners include McGee Group for readers and sunglasses, Fox Chapel Publishing, Incipio and Mainstream Swimsuits, Inc. for swimwear and cover-ups.

Vera Bradley, Inc. (NASDAQ:VRA) fine run in the market continued in Tuesday trading session. The stock added 3.03% in market value to end the day at $8.50 a share. It now awaits to be seen if the company will post stellar quarterly earnings to push the stock above the current trading range of between $8.23 and $8.52 a share.

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.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Lower Lows for Monster Digital Inc (NASDAQ:MSDI)

Monster Digital Inc (NASDAQ:MSDI)

Monster Digital Inc (NASDAQ:MSDI) shares launched in July of 2016. They hit a high that month of $4.15 but less than a year later shares are trading close to 10% of that high. MSDI shares have broken through their worst ever lows and continuing to make new lower lows. Shares traded sideways to slightly higher for much of the end of 2016 and into January. MSDI shares were over $2 in February but since then have been on a continual slide with the only respite being some short covering. MSDI shares have lost over 70% YTD and over 27% for the past month.

Monster Digital Inc (NASDAQ:MSDI)
MSDI chart

For Q1 2017 Monster Digital Inc (NASDAQ:MSDI) reported revenues of $0.95 million versus $1.07 million for Q4 2016. Monster posted a loss in earnings of (-$2.24) million compared to a loss of (-$1.26) million from the previous quarter.

Monster Digital Inc (NASDAQ:MSDI), headquartered in Simi Valley, CA, designs, develops and markets consumer electronics, mobile products and data storage devices. Its most visible product offering is a line of sports cameras. Also in their product portfolio is ultra-small mobile external memory drive products. Both product lines are sold through retailers and distributors.

The company used to be known as Tandon Digital, Inc. but changed its name to Monster Digital in August of 2015.

Monster Digital Inc (NASDAQ:MSDI) shares have never had a profitable year. In 2013 they reported an EPS loss of (-$0.43) followed by yearly losses of (-$1.37), (-$1.08), and (-$1.13) in 2016. Sales peaked in 2014 when Monster Digital Inc (NASDAQ:MSDI) posted a figure of $11.3 million. However in the following years the company posted sales of $8.3 million and $4.1 million for 2016. No analysts are listed by the NASDAQ as covering MSDI shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

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.

UBI Blockchain Internet Ltd (OTCBB:UBIA) Eyes China Expansion

UBI Blockchain Internet Ltd (OTCBB:UBIA)

UBI Blockchain Internet Ltd (OTCBB:UBIA) has signed a definitive agreement that paves the way for it to complete the acquisition of Shenzhen Nova E-commerce. The acquisition comes at a time when the company is experiencing renewed interest in the market on the back of a growing focus on bitcoin.

Nova Acquisition

Under the terms of the agreement, UBI Blockchain Internet Ltd (OTCBB:UBIA) is to acquire 100% ownership of the private Shenzhen Corporation in exchange for 25 million unregistered restricted Class C common shares. Nova owners are to receive Class C common shares.

Prior to its acquisition, Nova capital structure consisted of RMB 5 million shares. Currently, there is no pending investigation that could prevent the merger from coming to fruition. Completion of the transaction will result in Nova becoming a subsidiary of Nova.

Shenzhen Nova is a privately owned company that operates an online store in China. The store sells a variety of products ranging from cosmetics wine, household goods, and infant products. For the period ending December 31, 2016, the company had cash and cash equivalents of $3,160. Its non-current assets made up of plant and equipment had a net worth of $13, 260 with total liabilities of $46,334.

China Expansion

UBI Blockchain Internet Ltd (OTCBB:UBIA) acquisition comes at a time when it is aggressively expanding its footprint in China as it looks to generate a substantial amount of shareholder value from the recent bitcoin rally. The company is reportedly exploring ways of underpinning its technology in the country’s healthcare sector.

A recent S-1 filing shows the company is in the process of setting up a technology platform. The platform will reportedly allow customers to track food and healthcare products from the source by leveraging the capabilities of Blockchain technology.

The company stands to generate a lot of revenues if it is successful in integrating its Blockchain technology in the healthcare sector. Currently, the only major headwind is the fact that the company will need a substantial amount of capital to execute the technology’s development.

Separately, UBI Blockchain Internet Ltd (OTCBB:UBIA) is fresh from issuing 500,000 unregistered restricted Class A common shares at $0.001 a share. The shares were issued to an independent consultant who is poised to perform consulting services for the company.

UBI Blockchain Internet Ltd (OTCBB:UBIA) stock was down by 25% in Friday trading session and ended the week at $4.50 a share.

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.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.

Perion Network Ltd (NASDAQ:PERI) Changes Management To Fuel Search Unit Growth

Perion Network Ltd (NASDAQ:PERI)

Perion Network Ltd (NASDAQ:PERI) has moved to strengthen ties with Microsoft Corporation (NASDAQ:MSFT)’s Bing with the appointment of Mike Glover as the General Manager of its search unit. Glover takes over from Amir Nahmias, who is stepping down after nine years with the company.

Search Unit Changes

According to the company, the restructuring seeks to bolster the company’s search unit. Glover is credited with playing a key role in helping Infospace, in the early 2000’s, secure long-term agreements with search providers and publishers. He also joins the company with 14 years of experience in business development, sales, and marketing.

“Mike’s in-depth experience in the industry is essential for Perion’s long-term strategy for growth in search. Mike understands and believes in the search media market and will be a fantastic new addition to spearheading this unit as we continue to evolve Perion as a search industry leader. The position itself will be based in Redmond in order to strengthen our key relationship with Microsoft’s Bing.” said Perion CEO, Doron Gerstel.

The appointment of Mr. Glover comes on the heels of the appointment of Ophir Yakovian as Perion Network Ltd (NASDAQ:PERI) new Chief Financial Officer. Yakovian is taking over from Yakov Kaufman who is stepping down after 11 years with the company. Yakovian joins the company with more than a dozen years of experience of working in a number of NASDAQ listed companies.

Q1 Financial Results

Separately, Perion Network Ltd (NASDAQ:PERI) recently reported its first quarter earnings where its net loss shrunk to (-$2.1) million from (-$5.6) million as of Q1 2016. The company has attributed the decline to improved cost structure. Revenues, on the other hand, were down by 18% – coming in at $62 million compared $75.8 million.

A decline in expense-free search revenues remains a point of concern, advertising revenues in the first quarter having declined by 22%. Search and other revenues were also down by 16% compared to last year. However, the company maintains that the decline was transitory given that April’s revenues were up by 20% compared to last year.

Customer acquisition expense, as of the first quarter, totaled $30.1 million representing 48% of the total revenues, compared to $34.3 million as of last year. Perion Network Ltd (NASDAQ:PERI) exited the first quarter with cash and cash equivalent amounting to $22.8 million.

Perion Network Ltd (NASDAQ:PERI) stock was up 10.53% in Thursday’s trading session and ended the day at $1.68 a share.

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.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.

Why Did Globus Maritime Ltd (NASDAQ:GLBS) Shares Explode?

Why Did Globus Maritime Ltd (NASDAQ:GLBS)

Globus Maritime Ltd (NASDAQ:GLBS) was a big mover in Wednesday’s trading session its stock and experienced unusual trading volume. A rally of more than 80% came as a surprise given that the stock has been under pressure on failing to beat earnings estimates for its recent quarterly filling.

Debt Settlement

The rally’s cause is still unknown as investors wait to see if the stock will continue to power higher. Last month the company announced that it had reached an agreement with two of its lenders, DVB Bank and HSH Nordbank AG, on waivers and terms of agreements dated June 20, 2011, and February 27, 2015.

The dry bulk company says it has nice received waivers and relaxations on its loans covenants and deferred certain loan payments that were due this year.

“We are very pleased that our efforts with our lenders have been fruitful. Our agreements with both DVB Bank and HSH Nordbank AG to gain waiver relaxations of our financial covenants as well as the deferrals in our installment loan payments gives the Company a breather and allows us to concentrate on our operational activities and plan ahead,” said Chief executive officer, Athanasios Feidakis.

Full Year Earnings

The company recently reported its full year earnings for the period ending December 31, 2016. Total revenue for the period came in at $9 million – a decline from revenues of $12.72 million reported for the full year ending December 31, 2015. Net income was also lower having tanked to $9.825 million from highs of $32.4 million reported the previous year.

Globus Maritime Ltd (NASDAQ:GLBS) has attributed the drop in earnings to continued weakness in the dry bulk shipping services business. The dry bulk company has since warned that its earnings may continue drop should fuel prices, which account for the largest expense in the industry, continue to rise. The increase in crew costs is another headwind that the company is facing which could considerably affect its profitability going forward.

Globus Maritime Ltd (NASDAQ:GLBS) has also warned that it might not be adequately insured to cover operational losses that might be incurred as it continues to operate its fleet of vessels. The fact that insurers may refuse to cover some losses is an operational risk that concerns industry analysts.

Globus Maritime Ltd (NASDAQ:GLBS) stock was up by 82.38% in Wednesday’s trading session, ending the day at highs of $1.66 a share.

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.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) Turns To EksoGT Exoskeleton To Fuel Growth

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO)

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) remains well positioned to become a global success on exoskeleton options, according to chief executive officer, Thomas Looby. The executive made the remarks after the company came under scrutiny on posting a wider than expected net loss for the first three months of the year.

Banking on EksoGT Exoskeleton

According to the executive, additional capital raised in the quarter provides the fuel to accelerate positive momentum through the end of the year. Ekso Bionics is banking on its FDA approved exoskeleton, EksoGT, developed for patients who have suffered a stroke or spinal cord injury.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) is the only exoskeleton available for rehabilitation institutions that seek to provide adaptive amounts of power to patient’s body. The executive believes that the exoskeleton provides a unique opportunity for growth as they move to meet rehabilitative global demand.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) received an award for the EksoGT exoskeleton from HealthTechZone .com further affirming its credibility in the emerging space. The award recognized the company’s success in improving healthcare delivery through new innovation.

“Healthcare is no exception as robot-assisted surgery has become the standard of care for some procedures. In the area of stroke rehabilitation, there is a need to ignite patient neuroplasticity through repetitive motion and the Ekso GT technology is ideally positioned to meet that demand, “said Mr. Looby

According to the CEO, Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) has pioneered the category and that position of primacy presents unique opportunities for sales given the lack of competition. Developing new robotic exoskeletons remains a core objective as the company moves to accrue a substantial amount of market share before competitors enter the sector.

Q1 Disappointment

The sentiments could not have come at a better time given that the company has come under immense pressure in the market after posting earnings that failed to beat estimates. The company posted a net loss of (-$8.3) million or (-$0.38) cents a share.

Revenues in the quarter more than halved to (-$1.4) million compared to (-$8.5) million a year ago. Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) exited the quarter with cash of $9.4 million compared to $12.3 million as of the same period last year. The company also raised an additional $11.7 million in the quarter that it plans to use to for working capital and for general corporate purposes.

Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) was down by 10.06% in Monday trading session ending the day at lows of $1.43 a share.

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.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance

 

Drop Continues for Shares of Forterra Inc (NASDAQ:FRTA)

Forterra Inc (NASDAQ:FRTA)

Shares of Forterra Inc (NASDAQ:FRTA) continue to find new lows as shares dropped over 15% in today’s trading. Ten days ago, FRTA shares were flirting with the $20 level and today shares ended on their session lows at $8.91. Volumes were heavy. Over 2.68 million shares traded hands on a stock that has a 30-day, daily volume average of just 399,000.

Forterra Inc (NASDAQ:FRTA)’s slide started on May 16 when their earnings report sent investors seeking cover if not an outright exit. The company posted a (-$0.31) Q1 EPS loss. However the news that sent shareholders into a panic was the adjusted EBITDA guidance of $50 – $60 million which was well below the $89 million figure that the street was expecting. Unfortunately, Forterra Inc (NASDAQ:FRTA) suggested that Q2 figures would also disappoint. The company referenced project delays and competitive pressures. Additionally higher expenses of raw materials and labor were quoted as conditions that Forterra does not see subsiding. As of March 31, 2017 Forterra Inc (NASDAQ:FRTA) had cash on hand amounting to $27.5 million. That cash comes from a $1.26 billion loan of which only $68.1 million is available.

CEO Jeff Bradley commented that while the company is going through some short-term pain, he remains optimistic about Forterra’s long-term strength. However he optimistically included his view that the second half of 2017 should be in line with their previous expectations. He attributed his optimism to acquisitions that Forterra made in 2016 and 2017.

Following the May earnings release, SunTrust, RBC Capital Markets, and CitiGroup all downgraded FRTA shares to “Neutral”. FRTA’s Relative Strength Index (RSI) now sits at 12.43. Traders normally believe that a figure below 20 is usually a sign of an “oversold” condition.

The May earnings release of their Q1 2017 figures has spawned several law firms alleging securities violations. Class action lawsuits appear to be in the process of being filed, and clients being sought.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance