STOCKS TELEGRAPH

Author: ST Staff

  • Why Did The iMD (ICBU) Stock Dropped In The Last Session?

    The closing price of iMD Companies Inc (OTCPINK: ICBU) was down -5.33% to $0.0160 yesterday. In contrast to its average weekly volume of 34.00M, IMD stock volume was 37.31M on the day. Despite signing a master network service agreement lease, ICBU stock plummeted.

    With whom did the contract get signed?

    Based in Florida, iMD has been repositioned to be a holding company for acquisitions and technological development in the financial sector, blockchain, cryptocurrency, and non-fungible tokens (NFT). In order to be able to mine and plot in California, Arizona, and Utah, ICBU has expanded its operations. ICBU’s team members’ expertise is harnessed so they can create a cohesive force in the marketplace that will help the company achieve sustainable growth.

    iMD yesterday announced that it has signed a lease with an Orem, Utah data center for a Master Network Service Agreement.

    The Chia plotting and farming operations of the ICBU have been extended into a facility that is connected to the Internet backbone. This Network Operating Center (NOC) is ultra fast and highly efficient. Fiber internet speed is ICBU’s key advantage in using this location for Chia Farming.

    How ICBU will go through it?

    • iMD (ICBU)’s new network service agreement goes into effect on June 1.
    • ICBU plans to construct its first rack-mount server enclosure with a 500 hard drive capacity in June.
    • The location was chosen specifically because IMD (ICBU) has the ability to expand here.
    • In the next two months, ICBU hopes to source another 1000 hard drives to outfit its Orem facility’s server enclosures.
    • The ICBU also believes that the increased speed of fiber can improve the efficiency of farming.

  • How Did The HMBL Stock Rise 9%?

    HUMBL Inc. (OTCPK: HMBL) closed at $0.915 a share on Monday, gaining 9.58% or $0.08. With the HUMBL stock 52-week low now at $0.0002, the 52-week high now stands at $7.72 per share. Following the successful launch of NFT gallery, HMBL stock surged.

    An overview of HMBL’s NFT Gallery:

    HUMBL connects creators, consumers, and merchants seamlessly in a digital economy. The company has three divisions that offer new technologies like blockchain to global consumers through HUMBL Pay, HUMBL Marketplace, and HUMBL Financial.

    Humbl yesterday announced the launch of its Non-Fungible Token (NFT) Gallery, available at HUMBLpay.com.

    • Consumers will be able to purchase NFTs from the HUMBL NFT Gallery, while content creators will be able to create NFTs.
    • In addition to a range of simple use cases such as payments, ticketing, NFTs, and financial services, customers can package blockchain tokenization with HMBL.
    • In key verticals such as music, fashion, entertainment, gaming, and photography, HUMBL NFT Gallery will provide white-glove creative services and distribution mechanisms.
    • HUMBLE NFT Gallery will feature a collection of celebrity photographers Andrew Small and Jared Raskind (Smallz + Raskind), who have crafted collections as diverse as film, magazine, music, and visuals for both private and public use.

    The future plans of HMBL:

    Building a consumer brand at the front end of a technology cycle like blockchain is a rare opportunity for HMBL. This will be leading the HUMBL working with partners in the days ahead to define and disrupt this exciting new category.

  • Do You Know Why FOMO Stock Climbed 13% Last Session?

    FOMO Corp. (OTCPink:FOMC)

    As of yesterday’s close, FOMO Corp. (OTCPink: FOMC) stock was trading at $0.0042, up 13.5%. On the day, FOMO stock trades for 50.43M versus 74.45M on an average monthly basis. Following the execution of a stock purchase agreement, the FOMC stock rose.

    The repurchase agreement was with whom?

    The FOMO company is an incubator and acceleration company for startups. In addition to investing in and advising emerging companies with a growth mandate, FOMC provides advisory services. The FOMC develops direct investments, affiliations, and joint ventures, both of which would allow target companies access to public markets for expansion capital and to create their own stand-alone public companies.

    FOMO yesterday announced that it has executed a common stock purchase agreement with a Delaware limited partnership Triton Funds LP.

    • Following SEC approval of a Registration Statement, Triton will acquire securities from FOMC valued at $4,000,000.
    • In a press release on April 15, 2021, FOMC announced that it would acquire LED Funding IV LLC and Lux Solutions LLC, two of the three entities under agreement for sale by FOMO.
    • SmartGuard-Solutions LLC (“SGS”) is the third entity.
    • Products for disinfection are marketed and financed by SGS.
    • As announced in a press release on May 14, 2021, FOMO plans to acquire 19.99% of SGS.

    What is the importance of the agreement to the FOMC?

    Triton Funds LP’s commitment to purchase Securities from FOMO for $4,000,000 cannot be overstated. With this investment, FOMC will have the capital it needs to continue executing on its exciting vision for the future.

  • What Drove Aztec (AZZTF) Stock Up 26%?

    At its previous close, Aztec Minerals Corp [OTCQB: AZZTF] stock climbed 26.17 percent to $0.2960. Volume on Aztec stock was 156.56K units against an average volume of 29.76K for the last 30 days. The 52-week range for AZZTF stock is $0.1800 to $0.5310. Although there was no recent news, recent developments may hint at AZZTF stock direction.

    What recently took place at AZZTF?

    Aztec is a mineral exploration company dedicated to exploring polymetallic deposits of mineral resources in the Americas. One of AZZTF’s main assets is the Cervantes porphyry gold and copper project in Sonora, Mexico. Several historic properties within Cochise County, Arizona, have epithermal, bulk-tonnage gold-silver, and CRD silver-lead-zinc mineralization.

    Aztec currently owns 76 percent of the Tombstone project in Arizona and has begun its drilling program for Phase 2 reverse circulation (RC), announced the company recently.

    • Phase 2 of the reverse circulation (“RC”) program will consist of 20 holes totaling 3,000 meters, with the aim of extending the shallow, broad, bulk-tonnage gold-silver mineralization discovered below and around the Contention pit.
    • Phase 1 results in 2020 included:
    1. 24m @ 7.15gpt AuEq in hole TR20-09,
    2. 62m @ 6.36gpt AuEq in hole TR20-18, and
    3. 2m @ 4.89gpt AuEq in hole TR20-02.
    • It was estimated that the real width ranged between 30% and 80% of intersected lengths.
    • These holes encountered shallow oxide gold and silver mineralization associated with clay and silica alteration, as well as iron and manganese oxides.
    • A series of collared holes will be drilled at approximately 50 meters intervals along the western side of the Contention Pit.

    How AZZTF will move forward?

    Depending on the current drill hole configuration, Aztec (AZZTF) drill sites will be spaced from 50 to 100m apart. Phase 2 program results will help AZZTF guide the next phase of RC drilling even though 20 holes are not enough to drill off all mineralized zones.

  • What Led The Energytopia (ENRT) Stock To Increase 22%?

    At the previous close, the stock of Energytopia Corp (OTCQB: ENRT) surged 22.38% to $0.0525. In the last week, ENRT’s stock performance was 15.64%, compared to -46.75% over the last month. ENR stock prices were on an upswing without recent news, so recent developments might give a better idea of the stock.

    Have there been any recent developments at ENRT?

    To build shareholder value, a company uses modern technology on lithium extraction and sourcing or verifying other IP in electric vehicles and green technologies. Shares of ENRT are traded under the ticker symbol ENRT in the United States.

    Energyopia recently provided an update to its shareholders on the company’s Nevada Lithium claims, intellectual property, and patents.

    • Engineering, research, and development teams at ENRT have successfully tested its patented solar device prototype in BETA testing.
    • The data gathering process ENRT completed resulted in not one, but two new patentable products based on the technology.
    • ERRT has submitted two provisional patents to its patent attorneys for final approval.
    • The speed of patent attorneys to review submission is all ENRT can control at this time.
    • ENRT will be able to discuss further the patent applications and 3rd party testing program once the provisional patents have been filed.

    What is ENRT looking forward to?

    Energyopia (ENRT) predicts the Nevada lithium claystone deposits will be the major source of Lithium production by the 2020s, while also supplying a reliable domestic supply of battery-grade Lithium. Among the growing opportunities for a better world, the convergence of many technologies is transforming the way ENRT generates and consumes electric power.

  • CytRx (CYTR) Stock Rose 29%. How Did That Happen?

    CytRx (CYTR) Stock Rose 29%. How Did That Happen?

    On Friday, CytRx Corporation (OTCQB: CYTR) closed up 29.06 percent at $1.710 and has been trading between $1.310 and $1.710 in the recent week. CYTR stock gained 212.80% in the past year, setting a record high of $5.0000 with a $62.38M market capitalization. CYTR stock rose when there was no new information, so there is reason to believe that recent developments will offer additional insight regarding CYTR.

    Have there been any recent developments?

    In addition to discovering and developing new treatments for cancer and neurodegenerative diseases, CytRx is a biopharmaceutical company with expertise in doing so. To earn milestone payments and royalties, CYTR sold its drug candidate, arimoclomol, to Orphazyme. In Niemann-Pick disease Type C (“NPC”) and Gaucher disease, Orphazyme is developing arimoclomol.

    CytRx recently shared updates about its agreements with Orphazyme and ImmunityBio along with plans for collaborative research.

    • As a result of its agreement with Orphazyme, CYTR can expect milestone payments of up to $100 million as well as future single-digit royalties paid on Arimoclomol sales.
    • Based on the possibility that arimoclomol could be approved by the U.S. and European Commissions as a treatment for Niemann-Pick disease Type C (“NPC”), CYTR is likely to receive up to $10 million in milestone payments in 2021.
    • In addition to announcing MIPLYFFA as the global brand name for arimoclomol, Orphazyme recently expanded its NPC Early Access Program in the U.S. and opened similar programs in France and Germany.
    • The ImmunityBio and NantKwest recently announced that the ongoing Phase 2 clinical trials of a novel combination immunotherapy – which includes aldoxorubicin – had produced early evidence of improved survival rates for patients with previously untreated pancreatic cancer.

    CYTR’s Next Steps:

    CytRx (CYTR) sought third-party financing for clinical testing of its high-potential assets and strategic partnerships. There are ongoing discussions with prospective partners, including Centurion Biopharma.

  • On What Basis Did CGLO Stock Rise 40%?

    On What Basis Did CGLO Stock Rise 40%?

    Coro Global Inc (OTCQB: CGLO) climbing more than 40% on Friday to $2.47, the stock has been trading in a range of $2.47 to $2.60. Coro stock dropped more than -26.49% in the last month, with trading volume averaging over 2.47K shares. With CGLO stock rising in absence of current news, we can then reference recent developments so we can understand the stock better.

    Have things been going well recently?

    Miami-based Fintech company, Coro, is developing a new method of using gold as a currency and making it as easy as fiat money for everyday transactions. CGLO’s platform is built on leading-edge Distributed Ledger Technology that enables clients to seamlessly and securely send and receive currency, including gold, around the world.

    Coro Corporation, a subsidiary of Coro, recently received a license from the U.S. to transmit money in Puerto Rico.

    • The mobile payment app CORO was designed by CGLO to enable anyone to exchange, send, and save gold and dollars in an easy and safe manner.
    • CGLO attempts to democratize access to gold in order to lead to better social cooperation and a more sustainable world.
    • By virtue of this license, CGLO is now able to send currency and monetary values within Puerto Rico, as well as from Puerto Rico to other jurisdictions.
    • AML/KYC onboarding and monitoring processes, as well as rigorous financial auditing procedures, were required for CGLO’s licensure approval.

    Future plans for CGLO:

    Coro (CGLO) now has licensed and onboarded residents in 27 states and the District of Columbia and intends to make its gold payment app available nationwide by 2021. Mexico and Canada will next be part of the international expansion plan for CGLO.

  • Why Has The Oncolytics (ONCWF) Stock Price Gained 68% In Last Session?

    Why Has The Oncolytics (ONCWF) Stock Price Gained 68% In Last Session?

    The share price of Oncolytics Biotech Inc. (OTCPink: ONCWF) closed up 68.45 percent on Friday at $0.1420, with the stock trading between $0.1226 and $0.1420 during the day. The ONCWF stock has gained 74.88% over the last 12 months, reaching a high of $3.0000. The ONCWF stock rose after the company released clinical and biomarker data.

    The data referred to what?

    Biotechnology company Oncolytics develops pelareorep, an immunotherapeutic agent delivered intravenously. It enhances the inflamed phenotype of cancerous tumours, leading to the transformation of “cold” tumors into “hot” ones through innate and adaptive immunity to treat a variety of cancers.

    Pelereorep, developed by ONCWF, has demonstrated synergies with immune checkpoint inhibitors. It may also be effective with other immunotherapy agents. Last week, Oncolytics announced that preliminary trial results for pelareorep-checkpoint inhibitor combination therapy in pancreatic cancer demonstrate clinical proof-of-concept.

    A poster presentation will be presented using digital data at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting, taking place virtually from June 4 – 8, 2021. Oncwf’s new data come from a study of pembrolizumab (KEYTRUDA) in tandem with pelareorep in pancreatic adenocarcinoma patients who had not responded to first-line therapy.

    These results show that pembrolizumab and pelareorep synergize and show anticancer activity in patients who have been resistant to other therapies, and that this synergy stems from their complementary immunotherapeutic actions.

    In what ways does ONCWF expects to succeed?

    The trial results report by ONCWF are extremely encouraging, especially with the complex patient population that was enrolled in the study. Oncolytics (ONCWF) observed a response signal in select patients, despite lack of chemotherapy, which suggests pelareorep-pembrolizumab treatment combination therapy shows substantial anti-cancer activity.

  • Why Did Athena (GPLA) Stock Gain 79%?

    Why Did Athena (GPLA) Stock Gain 79%?

    In the last session, Athena Bitcoin Global, fka GamePlan, Inc. (OTC: GPLA) closed at $0.2150 after a rise of 79.17% that brought its market cap to $870.62. There are 4.05 billion shares of Athena stock outstanding and 609.9 million floating shares. GPLA’s stock spiked after the registration statement was submitted to regulatory authorities.

    What did the GPLA file?

    North and South America are home to Athena, which operates ATMs that accept bitcoins and other cryptocurrencies. Individuals can purchase and sell bitcoins and bitcoin cash when using GPLA’s peer-to-peer cryptocurrency exchange. As an advisory firm, GPLA works with companies and real estate developers on a variety of equity and fixed income transactions.

    Athena submitted a confidential draft registration statement to the Securities and Exchange Commission (SEC).

    • Upon completion of the SEC review process, Athena’s Form S-1 will become effective. Other market and other conditions may affect the effectiveness of the Form S-1.
    • As part of the announcement, GPLA is changing its name to “Athena Bitcoin Global” from “GamePlan, Inc.”
    • The new name took effect April 15, 2021, when it was submitted to the Secretary of State of Nevada.
    • A new name change to Athena Bitcoin Global and a new symbol for the company will also be announced by FINRA when the corporate action becomes effective.
    • A GPLA application has yet to be accepted by FINRA.

    Why GPLA did announce name change?

    By issuing that press release, GPLA is complying with the rules set by the SEC and does not intend to make any stock offerings or solicitations. A registration statement will be filed with the Securities Act in connection with any offers, solicitations, or sales of Athena (GPLA) securities. Under the ticker symbol GPLA, Athena Bitcoin Global shares trade on the OTC Pink Markets.

  • Were There Any Significant Reasons Why The Casa (CASXF) Stock Increased 86% Last Session?

    Were There Any Significant Reasons Why The Casa (CASXF) Stock Increased 86% Last Session?

    The shares of Casa Minerals Inc (OTCPink: CASXF) closed the last session at $ 0.1986 after rising 85.96% with 42.71 million outstanding shares. Casa stock has changed hands for 14K shares, closing at a market capitalization of $8.48M. CASXF stock rises after initial tranche of a private placement closes.

    CASXF had a private placement, what was it?

    Casa recently announced that it has closed its first tranche of $ 2,050,000 under the non-brokered private placement announced on May 18, 2021.

    • 400,000 units of CASXF were sold at a price of $0.125 per unit in the initial tranche.
    • The Unit is made up of a common share of CASXF and a warrant for the purchase of a common share.
    • For the period of one year following closing, that is May 20, 2022, the holder of each Warrant will have the right to acquire one additional share from CASXF at a price of $0.30.
    • The TSX Venture Exchange has granted conditional approval to the CASXF Offering and is expected to approve it in final form.
    • In cases where the closing price of the share on the TSX Venture Exchange (the “Exchange”) exceeds $0.45 for 10 consecutive trading days, the CASXF may, at its sole discretion, elect to provide notice to the warrant holders.
    • A news release may announce the acceleration of the expiration date of the warrants at 4:00 p.m. 30 days after the date on which the Acceleration Notice was issued (Vancouver time).
    • In this case, up to thirty-five days after the Accelerated Expiry Date, all Warrants of CASXF will expire.

    Moving forward with CASXF’s private placement:

    Casa (CASXF) hopes to complete the second tranche balance of the Private Placement by the end of this month.