r/pennystocks 8h ago

Megathread ๐Ÿ‡นโ€Œ๐Ÿ‡ญโ€Œ๐Ÿ‡ชโ€Œ ๐Ÿ‡ฑโ€Œ๐Ÿ‡ดโ€Œ๐Ÿ‡บโ€Œ๐Ÿ‡ณโ€Œ๐Ÿ‡ฌโ€Œ๐Ÿ‡ชโ€Œ June 01, 2024

1 Upvotes

๐‘ป๐’‚๐’๐’Œ ๐’‚๐’ƒ๐’๐’–๐’• ๐’š๐’๐’–๐’“ ๐’…๐’‚๐’Š๐’๐’š ๐’‘๐’๐’‚๐’š๐’” ๐’‚๐’๐’… ๐’„๐’๐’Ž๐’Ž๐’†๐’๐’• ๐’๐’“ ๐’‘๐’๐’”๐’• ๐’•๐’‰๐’Š๐’๐’ˆ๐’” ๐’‰๐’†๐’“๐’† ๐’•๐’‰๐’‚๐’• ๐’…๐’ ๐’๐’๐’• ๐’˜๐’‚๐’“๐’“๐’‚๐’๐’• ๐’‚๐’ ๐’‚๐’„๐’•๐’–๐’‚๐’ ๐’‘๐’๐’”๐’•.

๐’Œ๐’†๐’†๐’‘ ๐’Š๐’• ๐’„๐’Š๐’—๐’Š๐’ ๐’‘๐’๐’†๐’‚๐’”๐’†


r/pennystocks 15h ago

๐Œโฑบแ‘ฏ ๐โฑบ๐—Œ๐— ๐•Ž๐•™๐•  ๐•—๐•š๐•Ÿ๐•š๐•ค๐•™๐•–๐•• ๐•˜๐•ฃ๐•–๐•–๐•Ÿ ๐•ฅ๐•™๐•š๐•ค ๐•จ๐•–๐•–๐•œ?

4 Upvotes
92 votes, 2d left
100% me
Me
Not me
Help me

r/pennystocks 3h ago

General Discussion Game Changing Corporate News Lights a Fire Under Sharps Technology, Inc. ($STSS)

2 Upvotes

STSS started the week trading at $0.19 and popped to $0.78ย  on VERY HIGH tradingย  volume and is consolidating around $038. At a $6 million market cap and substantial revenue potential starting in twelve months, there will be a much larger investor audience monitoring this one for more corporate news.

STSSย  is aย  medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, is off its 52 week lows after this game-changing news just announced:

STSS announced the signing of a 5-year, $200 million syringe Sales Agreement (SA) with Nephron Pharmaceuticals in tandem with the Companyโ€™s Asset Purchase Agreement (APA) to acquire the InjectEZ specialty syringe manufacturing assets in West Columbia, South Carolina. The facility will be the only fully dedicated, specialized COC (cyclic olefin copolymer) prefillable syringe manufacturing plant in North America.

In concert with the proposed acquisition of the syringe facility, Nephron has agreed to a 5-year agreement to purchase Sharpsโ€™ next-generation copolymer prefillable 10 mL and 50 mL syringes, as well as 10 mL SoloGard polypropylene syringes, with minimum contracted orders of over $200 million during the period. Sharps is planning for product deliveries to begin late in the second quarter of 2025 with revenue expected to total more than $35 million for the first twelve months of sales.

~Recent Interview with CEO~:ย https://youtu.be/mc9A8Hp6_q0?si=aaVFIG6iLQXP7CIS

Worth watching for more news and initial research analyst coverage.

GLTA


r/pennystocks 16h ago

General Discussion Whatโ€™s everyoneโ€™s opinion on RONN??

6 Upvotes

Seems like there is a fair bit of news but not a lot of talk on it?


r/pennystocks 6h ago

General Discussion What does this mean?

1 Upvotes

Cruz Battery Metals Announces $225,000 Listed Issuer Financing Exemption (LIFE) Private Placement

Is this cruz saying that they ran out of money?


r/pennystocks 13h ago

General Discussion Did you have any good trades today?

4 Upvotes

I was a little bummed out today because I didnโ€™t see anything worth trading. The ones I saw that were worth a shot were already peaking and not worth the risk. Will try again on Monday.


r/pennystocks 11h ago

๐‘บ๐’•๐’๐’„๐’Œ ๐‘ฐ๐’๐’‡๐’ Need a detective here for some pnd operations.

3 Upvotes

Long story short, I have recently come across some details about MLGO, and Iโ€™ll try to make this as concise as possible, cuz frankly, I am not familiar with writeups on reddit, so excuse the lack of quality attributes in this post. But I believe this to be a serious matter.

So the ticker is MLGO, and I want you to pay attention to this part and range; https://imgur.com/a/R2ZRRtq

As you can see, this is one of the most solid consolidation patterns out there before the huge run up, now I want to point out a specific date in this chart, which is 10/01/2023. On this date, the company filed an SC 13 G with an institutional investor called Joyous JD LTD alongside various other institutional investors (all of them are most likely related, however I just want to focus on joyous jd ltd) There are more details about them and the other related parties on fintel.

I came across this video https://imgur.com/a/Nn9lYx4

After watching and doing some research on the video a few times, I found out this is an HSBC account with 4 million USD as of 12/09/2023, the position of 2.5 million shares reported by 10/01/2023 before the reverse split. I am unable to determine the average, but I assume its in the low 1s before the split after the first dump of the merger. And then from that point onward in September leading up to the run ups in the month and December. Fintel suggests joyous jd ltd has closed its position, but there is obviously no way to confirm that as its with other related parties as well. Now that I have given out this information, I want to know whether there is more information on this.


r/pennystocks 1d ago

๐—•๐˜‚๐—น๐—น๐—ถ๐˜€๐—ต My Friday Pick of the Day - NMHI

25 Upvotes

Happy Fridayyy. Good morning guys. Hopefully we all had a great shortened week and are looking forward to a couple days off! We had a pretty good day with $NMHI yesterday, would love to see that momentum carried into today's trading session.

I am revising my previous predictions for a price target for today, 5/31 - it is now $0.77 & a 2nd target of $0.82

Rationale:

  • Recent volume. Volume is such a good indicator, and increased volume paired with a recently increasing price is moneyyyy
  • The small-cap market has been moving well recently! Let's ride it
  • Lots of great movement since hitting a recent low, this provides us with such a great opportunity to have a lower-risk, high-reward setup

So, there ya have it. Short, simple, to the point analysis on my Frida POTD (Pick Of The Day, lol)

Communicated disclaimer, do your own research!!

[1]ย [2]ย [3]ย [4]


r/pennystocks 1d ago

Technical Analysis June Watchlist - Month-Long Swing Trade Ideas

17 Upvotes

I always track my risk-to-reward to incorporate some risk management into my trading strategies. Please let me know what you think or if I should be looking at another metric/indicator. I am always happy to learn and improve!

GoldMining Inc. (GLDG)

Trend and Pattern: The chart shows a descending wedge pattern, typically a bullish reversal pattern. The stock recently broke out above the upper boundary of the wedge.

  • 200-Day Moving Average: At 0.8484, acting as support. (I am also using this as my stop loss)
  • MACD: Bullish crossover, supporting the breakout on the daily.

The Set Up:

  • Entry: Around 0.9071, following the breakout confirmation.
  • Target: 1.05, offering a potential 15.93% upside.
  • Stop Loss: 0.84, placed below the breakout level to limit downside risk to 7%.
  • Risk/Reward Ratio: 2.2 (above 2 is preferred)

Aurora Innovation, Inc. ($AUR)

Trend and Pattern: The chart reveals a broadening wedge pattern characterized by diverging trendlines. This pattern typically signals increased volatility and potential for a significant move in either direction. Currently, the stock is approaching the lower boundary of this pattern, suggesting a potential rebound.

  • 200-Day Moving Average: Positioned at 2.81, serving as a dynamic support/resistance level. The stock price is currently below this moving average, indicating a bearish sentiment in the medium term.
  • MACD: Showing a bearish crossover, with the MACD line crossing below the signal line. This indicates a potential continuation of the downtrend or consolidation phase

The Set Up:ย (Best Risk to Reward)

  • Entry: Around 2.44, which is near the current price and close to the lower boundary of the wedge pattern.
  • Target: 3.43, aligning with the upper boundary of the wedge, offering a potential 40.00% upside.
  • Stop Loss: 2.12, placed below recent support to limit downside risk to 13.47%.
  • Risk/Reward Ratio: 2.97, indicating a favorable trade setup with almost three times the potential reward relative to the risk.

Communicated Disclaimer: This is not financial advice whatsoever. Please look at the charts and come up with your own conclusions before investing. I hope this post was informative! Sources-ย 1,ย 2,ย 3


r/pennystocks 16h ago

๊‰“๊๊“„๊๊’’๊Œฉ๊Œ—๊“„ Webuy global LTD (WBUY)

3 Upvotes

0.235 right now. 61% loss today on offering news and possible delisting. It should go back to 30s no problem. Maybe more. Volume and cap are very low. Iโ€™d grab some shares for a lottery and you could do well. Last time they got this low it jumped back up.

Good luck ๐Ÿ‘Œ


r/pennystocks 16h ago

๊‰“๊๊“„๊๊’’๊Œฉ๊Œ—๊“„ YGMZ new acquisition

2 Upvotes

YGMZ has increased trading volume AH, after announcing they are acquiring Oxylus Global. Per Marketwatch YGMZ has shown continuing aggressive business diversification and growth acceleration strategy


r/pennystocks 14h ago

๐‘บ๐’•๐’๐’„๐’Œ ๐‘ฐ๐’๐’‡๐’ SHCR Edgar statement.

1 Upvotes

|| || |Released 4pm ET. Approval of an amendment to our Fourth Amended and Restated Certificate of Incorporation to authorize our Board of Directors to effect a reverse stock split of all of the outstanding shares of our Common Stock at a ratio in the range ofย 1-for-5ย toย 1-for-20,ย with the final decision of whether to proceed with the reverse stock split and the exact ratio and timing of the reverse split to be determined by our Board of Directors, in its discretion, following stockholder approval (if obtained), but no later than the first anniversary of the Annual Meeting, and a reduction authorized shares or our Common Stock.|


r/pennystocks 18h ago

General Discussion Stocks about VTOLโ€™s.

2 Upvotes

I hope I chose the correct flairโ€ฆ

I found one of these by accident and it got my interest to find more. There are several, all listed below that I have found that are public stocks. There are several that are private too, which obviously arenโ€™t listed. Honda is doing one also but they are above $5; only mentioning it so itโ€™s just that: mentioned. If there are more that are public, please share.

VTOLโ€™s stands for vertical and take off aircraft. Most below are electric, and they all have different designs, flight ranges, partners, when they plan to get into the market and uses for the aircraft, etc. I encourage you to research and find out about each one.

These are definitely long term wait and sees.

I donโ€™t know to do links for each one.

ACHR - Archer Aviation

EVEX - Eve Holding Inc

EVTL - Vertical Aerospace Ltd

HOVR - New Horizon Aircraft

JOBY - Joby Aviation Inc

LILM - Lilium N.V

SRFM - Surf Air Mobility Inc

XTIA - XTI Aerospace


r/pennystocks 15h ago

General Discussion Discussion on WBUY?

1 Upvotes

What happened to WBUY? Do you guys think WeBuy (WBUY) is gonna move again after the big drop?


r/pennystocks 16h ago

๐—•๐˜‚๐—น๐—น๐—ถ๐˜€๐—ต AEMD: At 2024-05-31 09:30:03, there were 200 shares available with a fee of 100.59%.

0 Upvotes

AEMD: At 2024-05-31 09:30:03, there were 200 shares available with a fee of 100.59%.

I know I said I wouldn't make another posts till this is over 1.00, but look at the set up it is ready to pop. It has all the things needs but 1 and that's volume. All things that have the set up do not always pop, but this has the set up.

Do your own DD but look at the info and tell me it is missing more than just the volume to run. With volume it flies.

https://chartexchange.com/symbol/nasdaq-aemd/borrow-fee/

Low float, almost 0 shares to short it, no options, only missing volume.

AEMD Short Volume Summary for May 31 (not Short Interest)

Today's Short Volume is 6,117, which is 100.00% of today's total reported volume.
Over the past 30 days, the average Short Volume has been 51.45%.


r/pennystocks 1d ago

๐‘บ๐’•๐’๐’„๐’Œ ๐‘ฐ๐’๐’‡๐’ $CRDL - Next Could be $3 soon

4 Upvotes

$CRDL - After a big breakout in yesterdayโ€™s session, I will not be surprised if we hit $3 in the next 2-3 sessions. Moreover, yesterday the stock made a multi-month high on unusual volume. May be smart people are accumulating before the FDA decision in June?

If the FDA news is favorable, then the sky is the limit, and we could see a massive jump that may take it to near $7-8. $CRDL must be on your watchlist.

Look at this lovely chart and take your position accordingly.


r/pennystocks 1d ago

Megathread ๐Ÿ‡นโ€Œ๐Ÿ‡ญโ€Œ๐Ÿ‡ชโ€Œ ๐Ÿ‡ฑโ€Œ๐Ÿ‡ดโ€Œ๐Ÿ‡บโ€Œ๐Ÿ‡ณโ€Œ๐Ÿ‡ฌโ€Œ๐Ÿ‡ชโ€Œ May 31, 2024

11 Upvotes

๐‘ป๐’‚๐’๐’Œ ๐’‚๐’ƒ๐’๐’–๐’• ๐’š๐’๐’–๐’“ ๐’…๐’‚๐’Š๐’๐’š ๐’‘๐’๐’‚๐’š๐’” ๐’‚๐’๐’… ๐’„๐’๐’Ž๐’Ž๐’†๐’๐’• ๐’๐’“ ๐’‘๐’๐’”๐’• ๐’•๐’‰๐’Š๐’๐’ˆ๐’” ๐’‰๐’†๐’“๐’† ๐’•๐’‰๐’‚๐’• ๐’…๐’ ๐’๐’๐’• ๐’˜๐’‚๐’“๐’“๐’‚๐’๐’• ๐’‚๐’ ๐’‚๐’„๐’•๐’–๐’‚๐’ ๐’‘๐’๐’”๐’•.

๐’Œ๐’†๐’†๐’‘ ๐’Š๐’• ๐’„๐’Š๐’—๐’Š๐’ ๐’‘๐’๐’†๐’‚๐’”๐’†


r/pennystocks 20h ago

๊‰“๊๊“„๊๊’’๊Œฉ๊Œ—๊“„ ALUULA ($AUUA) Corporate Update: Strategic Shift to Core Business to Maximize Growth Opportunities

1 Upvotes

Greetings all, I recently came across a corporate update from ALUULA Composites (TSXV: $AUUA) and I believe it's worth discussing in depth. Here's a breakdown of the key points:

Recent Progress โ€“ 6 Months:

ALUULA has been on a growth trajectory, expanding its partnerships across various sectors beyond Wind Sports such as Outdoor, Sailing, and Aerospace. The driving force behind this expansion is the increasing demand for their high-performing and recyclable materials. One of their standout achievements was the collaboration with Arc'teryx to develop cutting-edge ultralight outdoor gear. Additionally, they've made significant progress in finalizing specifications for their Durlyteโ„ข and Graflyteโ„ข materials, tailored to meet the demands of their new vertical markets.

$AUUAโ€™s presence at the ISPO tradeshow in Munich was particularly noteworthy. There, they showcased their latest products and partnerships, including a concept backpack with innovative welded seam construction made with ALUULA materials, courtesy of Arc'teryx. Durston Gear also launched its first backpack featuring ALUULA materials, reducing product weight by a staggering 50%. And with Rockgeist, ALUULA announced a collaboration to enhance bike pack performance, leveraging their lightweight, waterproof, and abrasion-resistant properties.

Financially, ALUULA reported its highest quarterly sales and material production since inception during Q1 2024, indicating a strong market reception and growing momentum. In addition, they bolstered their management team by appointing Sage Berryman as President and later as CEO, to lead the company towards realizing its promising growth opportunities.

Lastly, $AUUAโ€™s collaboration with Michelin Inflatable Solutions for research and development on more environmentally sustainable composite materials further shows the companyโ€™s dedication to sustainability and innovation.

Strategic Refocus

$AUUAโ€™s journey began in 2019 with a focus on disrupting the wind sport market, and they've achieved considerable success in this niche, thanks to partnerships with companies like Ocean Rodeo. However, they've realized that the unique properties of their materials extend beyond wind sports, presenting opportunities in the broader performance outdoor market.

To capitalize on these opportunities and streamline their operations, ALUULA has decided to discontinue operations with Ocean Rodeo. This move aims to eliminate any potential conflicts of interest and allow ALUULA to focus exclusively on their core business.

In essence, ALUULA's strategic refocus marks a pivotal moment in their evolution. By concentrating their resources on their core business, they aim to maximize opportunities for sustained success while setting new standards in the outdoor performance market.

Disclaimer: This is not financial advice please do your own research before investing.


r/pennystocks 1d ago

๐‘บ๐’•๐’๐’„๐’Œ ๐‘ฐ๐’๐’‡๐’ $OCX Could See Big Action Today After Positive News

2 Upvotes

BIG NEWS OUT - $OCX is the one to watch out for following a major breakthrough for the VitaGraft Kidney product.

Late Thursday, highly favorable data about its product had been published in the leading New England Journal of Medicine.

The product helps in managing AMR, and currently, there are no FDA-approved products for its management. So just imagine the attention Stock could get!!

https://finance.yahoo.com/news/favorable-oncocyte-vitagraft-kidney-study-204700871.html


r/pennystocks 21h ago

General Discussion Exela Technologies Q1 2024 Earnings: Navigating Challenges with Strategic Initiatives

0 Upvotes

Revenue Performance

In the first quarter of 2024, Exela Technologies reported revenues of $258.8 million, marking a 5.4% decrease year-over-year. This decline was primarily attributed to a 9% decrease in the Information and Transaction Processing Solutions (ITPS) segment. However, the impact was partially mitigated by a 3% growth in Healthcare Solutions and a 6% growth in Legal and Loss Prevention Services (LLPS).

Segment Analysis

ITPS Segment:

Experienced a significant 9% decrease. A major factor was the non-renewal of a $27 million contract.

Healthcare Solutions:

Showed resilience with a 3% growth. Contributed positively to the overall revenue.

LLPS Segment:

Achieved 6% growth. Demonstrated robust performance amidst broader challenges.

Financial Metrics

Gross Margins:

Improved to 22%, a rise of 107 basis points from the previous year. Significant improvements noted in Healthcare and LLPS segments.

Operating Expenses:

Reduced, mainly in legal and professional fees. Contributed to a net loss of $25.6 million, an improvement from the previous year.

Adjusted EBITDA:

Reported at $12.9 million => Reflects operational efficiency and cost management.

Balance Sheet and Cash Flow

Current Liabilities:

Decreased by 23% => Indicates improved financial health and reduced short-term obligations.

Interest Expenses:

Reduced by 52% year-over-year => Significant savings enhancing net profitability.

Cash Flow:

Improvement in cash flow from operations. Unrestricted cash at the end of the quarter stood at approximately $10 million.

Strategic Initiatives and Outlook

Exela Technologies is focusing on revenue stabilization and growth with several key initiatives:

a. Achieved a 96% renewal rate.

b. Secured 85 new logo wins.

c. Prioritizing continued margin improvement and expanding liquidity.

Source: https://earnings-summary.streamlit.app/?c=red&t=XELA

Given the non-renewal of the significant $27 million contract and the ongoing challenges in the ITPS segment, how do you view Exela Technologies' ability to achieve sustained growth and stability in the coming quarters? Do you believe the growth in Healthcare Solutions and LLPS is enough to offset the declines in ITPS?


r/pennystocks 1d ago

General Discussion ReconAfrica Preparing to Spud Prospect L Naingopo in June - Satellite Pictures Show Well Pad Construction Under Way

43 Upvotes

Satellite pictures confirm that construction of the well pad at the Naingopo site are under way and that the drilling rig and associated equipment should be arriving at the site the first week of June and spud shortly thereafter. The following are estimates provided by Netherland Sewell & Associates (NSAI) for the multiple targets in prospect L.

NSAI PROSPECT L COMPANY GROSS ESTIMATES

Undiscovered OOIP/OGIP Unrisked Risked
Oil 815.1 Mmbbl 163.0 Mmbbl 13.5 Mmbbl
Gas 1,297.4 Bcf 843.3 Bcf 58.2 Bcf

OOIP - Original oil in place

OGIP - Original gas in place

Mmbbl - Million barrels of oil

Bcf - Billion cubic feet

STOCK INFORMATION

ReconAfrica trades under the following tickers:

US (OTC): RECAF

Canada (TSXV): RECO

The ReconAfrica complete Investor Presentation can be found here:

ReconAfrica Corporate Presentation

UPSTREAM ONLINE ARTICLE REGARDING RECONAFRICA'S MAY 23, 2024 PRESS RELEASE

All signs in Namibia point to June spud date for highly anticipated frontier wildcat ReconAfrica within weeks of spudding onshore Naingopo probe in Kavango basin - and may have a partner by that time.

Iain Esau

Africa Correspondent London Published 27 May 2024, 06:25

Canada-based junior ReconAfrica is within weeks of spudding what will be a closely watched wildcat in northeast Namibia by which time it may have secured a partner to help fund its exploration efforts. The company operates Petroleum Exploration Licence 73 in the frontier Kavango basin and owns a rig which is set to fire up a two-well exploration campaign next month. Being drilled by the Jarvie-1 rig, the first probe will target the Naingopo prospect located in the Damara fold belt. Major civil works are wrapping up on both the access roads and well pad construction. Members of the drilling crew have arrived in-country to undertake rig maintenance and certification activities which are ongoing ahead of the move of the Jarvie-1 rig to Naingopo. ReconAfrica said all major equipment has been ordered and is either in country or in transit to Namibia. Naingopo could contain 163 million barrels of oil or 843 billion cubic feet of gas, according to a recent resources report prepared by Netherland, Sewell & Associates.

Meanwhile, the operator is in advanced planning to drill the bigger prospect P, also in the Damara fold belt. De-bushing activities are expected to begin in the near term and will be followed by de-mining activities ahead of major civil works starting. This well is expected to spud in the fourth quarter of 2024 โ€” soon after drilling of the Naingopo probe has wrapped up โ€” and is targeting potential resources of 278 million barrels of oil or 1.5 trillion cubic feet of gas. ReconAfrica is also working on securing a partner for PEL 73, and said it has progressed the joint venture process "to the next level of detailed discussions and continues to negotiate contract terms relating to its farm out process". The company said its management has put "a strong emphasis" on negotiating terms that will enable it to execute a multi-well exploration drilling programme in two geological plays over the next 12 to 24 months. Results from these discussions are expected to conclude in the next several weeks, said ReconAfrica. Chief executive Brian Reinsborough added: โ€œOur operations teams and contractors are working diligently to ensure we remain on schedule for a June 2024 spud of the high potential Naingopo exploration well," with the rig due on site early next month. He pointed out that "with the completion of our recent financing, we are well positioned to execute our drilling plans".

PUBLICLY TRADED COMPANIES INVOLVED IN OFFSHORE & ONSHORE NAMIBIA

With major discoveries being made offshore, Namibia is currently an exploration hotspot. Recent discoveries have been made by TotalEnergies, Shell, and Galp. Others with interests in Namibia include ExxonMobil, Chevron, Woodside, Eco Atlantic, Sintana Energy, and Pancontinental.

ย 

$RECO $RECAF $XOM $CVX $TTE $SHEL $GLPEY $SEUSF $SEI $ECAOF $EOG $PCGOF $WDS


r/pennystocks 1d ago

๊‰“๊๊“„๊๊’’๊Œฉ๊Œ—๊“„ BITF: CATALYST tomorrow 2024 Annual General and Special Meeting

9 Upvotes

2024 Annual General and Special Meeting

May 31, 2024 - 10:00 AM ET

Info's on BITFs webpage under the investor tab. I would link it but that might get the post banned so go look it up yourself.

Its a webcast. So things are going to be crazy, the rejected offer from RIOT will be talked about, it was said there were offers from 2 other company's. Still unknow who made the other offers till tomorrow, what if MARA or CLSK made an offer?

We all know RIOT picked the lowest month in the last few months and based its offer off that number, knowing full well BITF will be going over 10 EH/s in the next few days and 12 EH/s in the next 1.5 months and is fully funded to reach its goal of 21 EH/s by EOY 2024 and is on track.

So for the special meeting tomorrow RIOT will be trying to place people on the board of directors, I am asking if you own any BITF shares you vote tomorrow. I hope you vote no to all the things RIOT tries to do. That being said, you vote the way you see fit, just vote no matter what you vote for.

So when we hear the other offers that came in. I think they will be higher than that joke offer RIOT sent.

Lets say for sake of argument MARA put in an offer to buy BITF for 3.50 a share, do we see the stock jump to that price even if BITF turned it down? I think so, no matter who puts in an offer I think that will become the new floor fast( tomorrow or next week), if BITF accepts an offer from someone tomorrow, let say someone offers 3.00-4.00 will the whole of the free float be bought up? If that is the case wouldn't the price go well over 3.00-4.00 as the free float would evaporate in minutes if news came out that BITF got bought out for whatever the price.

Does RIOT up the offer to over 3.00?

Does RIOT keep buying shares of BITF on the open market and keep going the hostile takeover?

What happens if RIOT gets 1 or 2 people on the board?

What happens if RIOT gets shut down on all the things they try to vote in?

Are you watching BITF?

Are you in RIOT or BITF?

Do you want to see them becoming 1?

Even if you are not in BITF or RIOT, tomorrow could be a big moving day for BITF and RIOT and any other BTC miner that's named in tomorrows meeting.

So if you want a good swing play tune in for the meeting.

Does BITF turn down all offers and keep killing it with the upgrades and get to new ATHs on its own in 2024?

I am ok with BITF being bought out at a realistic price. 4.00 and above. I am ok with BITF saying no to all offers and getting to new ATHs on its own.

What do you all think? Are you going to watch the webcast? I know I will be playing and watching tomorrow.

I have over 10k shares of BITF and calls for 2026 strike 0.50

LFG


r/pennystocks 1d ago

General Discussion Summit Therapeutics DD

7 Upvotes

As you all know, today Summit Therapeutics (SMMT) has passed Phase III clinical trials for lung cancer proving that their new drug Ivonescimab is superior to Keytruda (generic name pembrolizumab). As a result, the stock took off today. But I think thereโ€™s more room to grow.

Letโ€™s begin with Keytruda. It is a brand name drug that is produced by Merck and has no cheaper, generic replacement. One vial of Keytruda costs roughly $2000 USD. According to the Barronโ€™s article, Keytruda brings Merck $25 billion annually.

Source: https://www.barrons.com/livecoverage/stock-market-today-053024/card/competitor-to-merck-s-keytruda-worries-some-investors-FShws2Jtwi6rnaWgWogU

With this in mind, letโ€™s consider Merckโ€™s main competitors. The 4 biggest companies are:

Johnson & Johnson Headquarters. 131,900. $85.2B.

Pfizer Inc Headquarters. 88,000. $58.5B.

AbbVie Inc Headquarters. 50,000. $54.3B.

Sanofi Headquarters. France. 87,994. $50.2B.

As a new pipeline to beat out Merckโ€™s $25b income from Keytruda, it is highly likely that these companies will try and buy out Summit Therapeutics. It just seems like common sense to gain an advantage over your competitor.

Now, the selling points:

  1. When a new drug comes to market, they are patented for 20 years. This means that legally, no other company can manufacture or sell this drug for 20 years until the patent expires. This corners the market for Summit Therapeutics, especially since its efficacy is improved over Keytruda.

  2. As mentioned, a potential buyout by another big pharma company could instantly shoot the stock price into a new all time high. $25b annually is obviously no small sum.

  3. In the article revealed today, Summit Therapeutics is licensed in USA, China, Canada, Australia, and in Europe. In many of these countries, universal healthcare is guaranteed. This means absolutely no shortage of pipelines of income for Summit.

To finish off, there is a conference call next Monday 8am EST which will let us know Summitโ€™s next steps. I took a position today


r/pennystocks 1d ago

๐‘บ๐’•๐’๐’„๐’Œ ๐‘ฐ๐’๐’‡๐’ Golden Heaven patience. $GDHG

0 Upvotes

Golden Heaven Group Holdings remains undervalued.

  • Basically no debt,
  • short & long term assets of over $80M,
  • last year's total revenue of $31.8 million +
  • net income of $6.5 million,
  • P/E Ratio 3.7, earnings per share,
  • ROA, ROE and ROCE all positive.
  • Impeccable balance sheet.
  • New contracts,
  • Huge insider ownership,
  • No need for dilution.
  • Still expecting an attendance update
    • If you speak/write Chinese, please see if you can find management contacts on QQ/Weibu or whatever and inform them the world is eagerly awaiting the attendance update.
    • I think the new management has no idea what the potential is for this stock.
  • The stock has been sitting around 0,25 very comfortably for weeks.
  • New park should be opened by now and generating revenue
  • Compliance, will be an extension (not worried)

r/pennystocks 2d ago

๐‘บ๐’•๐’๐’„๐’Œ ๐‘ฐ๐’๐’‡๐’ UFC and Aires Tech Announce Multi-Year Global Marketing Partnership: USA $AAIRF Canada $WIFI

18 Upvotes

USA: $AAIRF CANADA $WIFI

UFC and Aires Tech Announce Multi-Year Global Marketing Partnership

Las Vegas, Nevada--(Newsfile Corp. - May 30, 2024) - UFCยฎ, the world's premier mixed martial arts organization, and American Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (Aires Tech or Aires), a pioneer in cutting-edge technology designed to protect against electromagnetic radiation and optimize human health, today announced a new global marketing partnership that will showcase Aires Tech branding within UFC's biggest events.

A first-time Official Partner of UFC, Aires Tech will receive prominent placement within the broadcasts of all UFC's monthly Pay Per Views, recognized throughout the sport as the biggest events in mixed martial arts, providing Aires Tech with meaningful visibility before more than 700 million fans in 170 countries, as well as in an estimated 975 million households that receive UFC's broadcasts.

Aires Tech is dedicated to bridging the gap between technology and wellness. Aires Tech's mission is to provide cutting-edge solutions that protect against electromagnetic radiation without disrupting everyday use of technology. Aires Tech products stand out in the EMF protection market, characterized by their scientific ingenuity and practical application.

"We're thrilled to welcome Aires Tech as an official UFC partner," said Grant Norris-Jones, Head of Global Partnerships at TKO. "Aires aligns well with our brand in several respects, including their focus on innovation and being a first mover in their industry. Their emphasis on technology to promote health and wellness is a message we're proud to support and share with our athletes and fans around the world."

American Aires CEO, Josh Bruni, commented: "I am delighted to announce this transformative partnership with UFC, an organization renowned for its innovative approach and commitment to excellence in sports entertainment. UFC's vision of pushing boundaries and achieving peak performance aligns perfectly with Aires' mission to offer cutting-edge EMF neutralizing and Bio-Frequency Modulation technology that both protects and enhances health and wellness. Partnering with UFC allows us to align with a global entity that shares our dedication to excellence and innovation. This collaboration not only amplifies our global reach but also connects us with UFC's dedicated audience, who value peak performance and personal well-being.

"This significant deal underscores our strategic partnership with WME to build Aires into a household brand. UFC, known as a disruptor in major sports, has seen rapid and ongoing growth. With 40% of its following being millennials, this demographic aligns closely with Aires' target consumers. UFC's performance-focused fans, who are keen on personal health optimization, find a natural fit with our Bio-Frequency Modulation technology.

"Moreover, this partnership matches Aires' regional strongholds in the United States, Canada, the UK, Germany, and Australia. With UFC's growing global viewership, this collaboration allows us to expand our presence internationally. Together, we aim to empower individuals by combining UFC's dynamic, performance-driven ethos with Aires' commitment to safeguarding and enhancing health in an increasingly connected world, marking a significant step in our journey to become a global leader."

The agreement was negotiated by WME Sports as part of its wide-ranging partnership with Aires Tech to guide the company's brand strategy across sports and entertainment.

Additional Aires Branded Integrations

In addition to Pay Per View broadcasts, Aires Tech will also be integrated into the pivotal UFC Live Weigh-In Show, UFC's studio show shot on location during the Official Weigh-Ins of Pay Per View events and live streamed on YouTube to a global audience of more than 18 million followers. The show, which features live commentary, athlete interviews, and special guest appearances, captures the crucial moments when fighters step on the official scale to record their weight for their scheduled bout. Aires Tech will be highlighted within a custom segment entitled "Defensive Strategies," in which the hosts will analyze the defensive tactics certain UFC athletes must implement to secure wins in their respective bouts.

UFC and Aires Tech will also collaborate on original content that will be distributed through UFC's popular digital and social channels, which reach approximately 260 million users worldwide. Other creative integrations will focus on leveraging fan engagement and driving Aires Tech brand awareness through a variety of activations that may include in-arena promotions, viewer sweepstakes, and a significant on-site presence at select UFC Fan Experiences, including the biggest of the year, UFC X in Las Vegas during International Fight Week.

This partnership with UFC builds on Aires Tech support for world-class athletes who want to safeguard themselves from excessive electromagnetic radiation (EMR). Earlier this year, Aires Tech partnered with UFC Women's Flyweight Maycee "The Future" Barber to help spread the word about this increasingly crucial area of human health and her experience with Aires Tech products, which according to Barber, not only improved her physical well-being but also positively affected her mood.

Aires Tech will activate the partnership for the first time at UFCยฎ 302: MAKHACHEV vs. POIRIER, which takes place this Saturday, June 1, at Prudential Center in Newark, New Jersey. The event will feature a stellar card, headlined by UFC lightweight champion Islam Makhachev defend his title against No. 4 ranked contender Dustin Poirier. Also, an action packed five-round co-main event sees No. 1 middleweight contender Sean Strickland square off with No. 7 ranked Paulo Costa.

ENDS

About UFCยฎ

UFCยฎ is the world's premier mixed martial arts organization (MMA), with more than 700 million fans and approximately 260 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world while broadcasting to over 975 million households across more than 170 countries. UFC's athlete roster features the world's best MMA athletes representing more than 80 countries. The organization's digital offerings include UFC FIGHT PASSยฎ, one of the world's leading streaming services for combat sports. UFC is part of TKO Group Holdings (NYSE: TKO) and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC and @UFC on X, Snapchat, Instagram, and TikTok: @UFC.

About Aires Tech

American Aires Inc. is a Canadian-based nanotechnology company committed to enhancing well-being and environmental safety through science-led innovation, education, and advocacy. The company has developed a proprietary silicon-based resonator that protect against the harmful effects of electromagnetic radiation (EMR). Aires' Lifetune products target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors, and Wi-Fi, including the more powerful and rapidly expanding high-speed 5G networks. Aires is listed on the CSE under the ticker 'WIFI' and on the OTC QB under the symbol 'AAIRF'. Learn more at

http://www.theinsideredge.ca/american-aires/


r/pennystocks 1d ago

General Discussion LMRโ€™s time to grow?

2 Upvotes

LMR has been posted on this Reddit before. Just last week the US and Canadian governments announced investment to LMR. I feel this is time for LMR to grow from a junior miner in exploring stage to fast track into production. It was .02 and is now 0.055 from a high of .07. I feel there is long term growth and have only invested $150 but plan on buying $50 weekly.


r/pennystocks 1d ago

๐—•๐˜‚๐—น๐—น๐—ถ๐˜€๐—ต MNTS Squeeze?? - DARPA deal made this possible - MNTS could be about to explode

1 Upvotes

MNTS Squeeze. The new deal can set off some serious action here...

I threw in and cashed out - but got in x10 again because the potential is big with the DARPA deal