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Friendable Inc. (FDBL) Providing Alternative in the Wake of Spotify Controversy

  • Friendable’s offering of the Fan Pass Live artist platform and acquisition of Artist Republik provide musical artists with an “anti-label” set of tools to produce, perform, and distribute music
  • Pulling music from Spotify is not always the best option, especially when artists need that revenue
  • Fan Pass Live offers artists an alternative to lower-paying platforms, allowing artists to keep 100% of ticket sales and tips while receiving revenue from other sources on the platform
  • Friendable posts additional contests on Instagram for artists on the platform to participate in to win monetary and physical prizes
The controversy surrounding the recent string of artists removing their music from Spotify has left behind an unsavory view of music streaming platforms. The controversy began when podcaster Joe Rogan provided misinformation about the COVID-19 vaccine during his podcast. This misinformation sparked a letter (with an ultimatum) from music legend Neil Young, which was posted online and then taken down immediately. Still, Spotify began the process of pulling Young’s music, per the ultimatum. Young wasn’t the only one who had reservations about The Rogan Experience podcast, with doctors sending letters to Spotify trying to mitigate what they deemed as misinformation from the podcast. The entire situation has snowballed, becoming bigger and bigger, and more artists chose to leave the platform. The entire situation has shed light on how artists on the platform are compensated, especially after the unveiling of Rogan’s $200 million contract with Spotify. The music industry is primarily controlled by three record labels – Sony Music, Universal Music, and Warner Music, with Sony and Universal owning 8% (Sony – 5.7%) of Spotify. This percentage owned by Sony results in a $1.1 billion stake in the revenue resulting in artist’s streaming. Most artists would have to have 2,197 streams per hour to equal one hour minimum wage in the United States. Meanwhile, the CEO of Spotify, Daniel Ek, is worth over $4 billion. For artists, especially those considered independent, removing music from the Spotify platform can be more detrimental than beneficial. Earning revenue, at any rate, is a must for any artist. Even those who remain on the Spotify platform earn something, resulting in earning more than if they were to pull their catalog from the streaming service. Spotify isn’t the only answer for independent artists who want control of their music without the major labels dictating their revenue earnings. The Fan Pass Live artist platform, the flagship offering of Friendable (OTC: FDBL), has emerged as a viable full-service alternative for independent artists. Friendable recently completed the acquisition of Artist Republik, creating an all-in-one opportunity for independent artists looking for a virtual stage to stream music, as well as promotion, merchandise, distribution, and more. The Friendable founders, Robert A. Rositano, Jr. and Dean Rositano, are no strangers to the music industry. Having been a musician himself, Dean understands the need for artists to make money while doing what they love – a passion that both brothers share. The result of this passion? Fan Pass Live’s unique revenue structure that allows the artist to earn through:
  • Ticket sales and tips (100% goes back to the artist)
  • Merchandise sales
  • Beats/Sample packs
  • 40% of the subscription pricing from fans on a recurring monthly basis
  • And more!
In addition to the steady revenue above, artists also have the opportunity to compete in monthly contests for additional cash or prizes. February’s contest, as promoted on Instagram (@fanpasslive), is called “Ticket to Win.” The three artists with the highest number of ticket sales will be awarded $500 for first place, $250 for second place, and $150 for third place, in addition to their monthly revenue totals and ticket sales, tips, etc. Additionally, any artists who purchase Fan Pass gear through the merchandise shop and use the code ‘RAFFLE’ at checkout will be entered to win their own custom merchandise collection (a $500 value). Friendable is making waves in the music industry by providing artists with an “anti-label” experience. From creating music to selling out virtual concerts, and promotion to distribution, the collaboration of Fan Pass Live and Artist Republik under the Friendable name is changing how artists get paid, heard, and promoted. For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

Knightscope, Inc. (NASDAQ: KSCP) Aims to Stop Crime in its Tracks through Autonomous Security Robot Patrols

  • Silicon Valley-based security robot developer Knightscope manufactures a variety of autonomous models steeped in technological tools to patrol and monitor client properties on a 24/7 basis
  • Knightscope’s clientele have provided testimonials to local government officials at times, noting the robots’ effectiveness in helping to reduce crime rates
  • The company’s robots primarily provide a presence in at-risk sites to offer safety through surveillance, but they have also delivered useful data to law enforcement officers investigating a variety of crimes
  • The need for autonomous security robot sentries is apparent in the increase in violent crimes during the past couple years, which included a 30 percent jump in the murder rate between 2019 and 2020
Reports of increasing crime rates during the course of the COVID-19 pandemic the past two years have led officials to question the trend’s causes and search for potential solutions. The Centers for Disease Control and Prevention (“CDC”) reported that the murder rate in the U.S. rose by 30 percent between 2019 and 2020, for example, marking the largest single year increase since at least 1905 but possibly ever, as noted this month by The Hill (https://ibn.fm/DeoeA). In a report by the Associated Press, criminologist James Alan Fox described the spike in violence as a “unique” situation engendered by the novel, global pandemic (https://ibn.fm/0wroi), while National Center for Health Statistics chief of mortality statistics Robert Anderson challenged the idea that the violence might be caused by pandemic stress. “You really have to look at other patterns and there certainly seems to be a correlation between the two but as we know correlation is not causation,” Anderson stated in a CDC interview (https://ibn.fm/oPsHr). Autonomous security robot (“ASR”) developer Knightscope (NASDAQ: KSCP) has devoted years and over $100 million in funding to building a cadre of ASR robot sentries designed to help discourage such crime, and as Knightscope’s corporate client list grows, so too do reports of clients’ satisfaction with the robots. The ASRs establish a continuous presence at their assigned locations, recording a large variety of data and relaying it electronically to an operations center according to the clients’ select needs. Some of the models are mobile, while another is stationary — again, providing options to clients as they deem best suits their purposes. “The K5 robot (outdoor model) is having a positive impact on crime and nuisance activity at Salt Lake Park, which is reducing the instances of police activity at the park,” Huntington Park (Los Angeles County) City Manager, Ricardo Reyes, and Police Chief Cosme Lozano wrote to their city council in 2020, as noted in Knightscope’s description of its ASR models’ interdiction effects (https://ibn.fm/lrDYC). Those effects include deterring crime and vandalism in a Las Vegas residential parking garage, providing high-definition video and license plate detections over a four-month period in response to a law enforcement agency’s investigation, providing evidence of two burglaries and felony property damage that led suspects to confess their involvement to a law enforcement agency, establishing improvements in feelings of security for nurses and doctors accompanied by the ASRs as they walked from work to their parked cars after dark, and identifying a heat anomaly in a hair styling kiosk that helped officers prevent a major fire — as well as several other incidents cited by the company. Some media outlets have questioned the effectiveness of the ASR patrols since Knightscope began trading publicly on the NASDAQ exchange in January (https://ibn.fm/MnoPd). One report last year, citing the difficulty in quantifying how much of a difference the security robots have made, nonetheless noted that Knightscope co-founder and Executive Vice President Stacy Stephens said that the company has experienced client renewals from 2, to 3, to 4, and even 5 years. By a unanimous 5 to 0 vote, the City Council of Huntington Park approved the renewal of the Knightscope Autonomous Security Robot contract for an additional two-year term. Chief Lozano stated at the July 6, 2021, Council meeting, “the reality is that a patrol officer cannot do what modern technology can do through the use of this robot.” The NBC report quoted Robert Krauss, the vice president of public safety at the Pechanga Resort Casino north of San Diego, who said the casino had been using six ASRs for three years and wasn’t sure “how useful they have been in terms of stopping crime, but … that the robots have been able to identify panhandlers and other people that the casino wants to exclude,” as well as helping to resolve a costly lawsuit by providing video footage of a woman who fell and claimed the casino was at fault. “You never know how many [bad actors] you’ve prevented by placing [the robots] there, so I don’t know what we’ve prevented. But I can tell you we’ve never had anything serious. … Going forward, I will probably add one or two more,” Krauss told the NBC reporter (https://nnw.fm/9IOnh). (https://ibn.fm/kF41S). For more information about Knightscope (NASDAQ: KSCP), visit the company’s website at www.Knightscope.com and if you have a need for subscription service you may request a private demonstration of the technology at www.Knightscope.com/demo. NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

Flora Growth Corp. (NASDAQ: FLGC) Reaches Agreement with Israeli Product Distributor Artos Ltd. for Cannabis Sales

  • Flora Growth is a cannabis cultivator and distributor with a large cultivation site in central Colombia’s favorable growing climate
  • Flora Growth recently announced an agreement with Israeli product distribution company Artos Ltd. to sell Flora’s high-THC cannabis flower to Israelis
  • Colombia legalized the international export of cannabis flower last year for use in health and wellness industries
  • Israelis comprise a large base of medical marijuana users and cannabis-based business enterprises
  • Colombia and Israel began strengthening ties last year for promoting entrepreneurial innovation, and the agreement between Flora Growth and Artos builds on those state efforts
Cannabis cultivator and brand builder Flora Growth (NASDAQ: FLGC) is continuing its push toward global market distribution efforts with the announcement that the company will sell about 3,600 kg of dried high-THC cannabis flower to Israel through an agreement with Israel-based consumer products distributor Artos Ltd. Flora Growth owns and operates a 100-hectare (about 247-acre) cannabis cultivation site in central Colombia, a country renowned for its ideal growing conditions. The company leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage on a global basis. “As Cosechemos continues to reach full-scale commercial production, our team remains focused on increasing our presence in international cannabis markets through distribution agreements that will serve as a gateway into the markets,” Flora Growth CEO Luis Merchan stated as part of the company’s announcement (https://ibn.fm/WJQoD). Artos was established 15 years ago with the select purpose of increasing Israeli citizens’ access to global consumer products. The company has a network of over 4,000 distribution points across the country and reports over $50 million in revenue from sales of non-cannabis products. “With Artos’ extensive distribution network, this agreement will ensure that safe, high-quality cannabis products are provided to the Israeli cannabis market and offer a valuable source of health and wellness products to the country,” Merchan stated. Cosechemos boasts legal operation in a country with one of the world’s largest cut-flower industries, operating in several regions 365 days a year with over 12.5 hours of natural sunlight and a labor force with substantial agricultural experience. Cosechemos has natural water springs onsite and its international distribution strategy is to establish Flora Growth as a leader in plant-based wellness and lifestyle brands in a variety of countries in the Americas and Europe. The Artos agreement builds on Colombia’s state efforts to build ties with Israel for entrepreneurial innovation following the country’s legalization of dried cannabis flower exports last July. Colombian President Ivan Duque stated at the time that while illegal cocaine production has been a devastating trade for his country in terms of criminality and environmental destruction, cannabis is seen as a much more beneficial product when its derivatives are used for everything from medical treatments and food production to cosmetics. The country is not green-lighting exports for recreational purposes, he told NBC News (https://ibn.fm/GiwlQ). The same report noted that more than 100,000 Israelis are licensed medical marijuana users, and that the country has more than 110 cannabis tech companies, mostly in the health sector, that have attracted nearly $350 million in investment since 2015. It also noted that Israel is among the largest importers of medical cannabis flower in the world. For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

Listen Up! InnerScope Hearing Technologies Inc. (INND) Adds to Sales Channels with New Website for HearingAssist

  • The Direct-to-Consumer (“DTC”) market is thriving as part of an eCommerce market that reached $3.53 trillion in 2019
  • InnerScope Hearing Technologies has removed cost barriers for the 70 million North Americans with impaired hearing with its DTC model providing cutting-edge hearing aids at a price point far below the average
  • InnerScope sells its products through its own eCommerce site, strategic partners, and now on a newly launched HearingAssist website, complete with payment options and free consultations with licensed professionals
Historically, brands have relied on a middleman to get their products into the hands of consumers. Companies having their own brand and retail location was about as close as a manufacturer came to selling direct to consumer (“DTC”). The ubiquity of the internet and mobile devices in the 2000s has changed everything, driving successes with the D2C model in essentially every vertical. Leveraging leading-edge tech and a growing online presence, InnerScope Hearing Technologies (OTC: INND), is emerging as a leader in DTC hearing products, allowing those with hearing deficits to test online and get products shipped right to their door. Although e-commerce remains a negligible amount of overall global retail sales, it is steadily gaining share, including reaching $3.53 trillion in 2019. There is no shortfall of potential INND customers considering about 70 million people in North America, or about 20% of all Americans and Canadians combined, suffer from hearing-related issues. InnerScope is a manufacturer, distributor, and retailer of FDA-Registered DTC self-adjusting, Bluetooth app-controlled hearing aids and personal sound amplifiers products, doctor-formulated dietary hearing and tinnitus supplements, and assorted ear and hearing health-related products. The company has developed a simple user interface for its app that uses Bluetooth technology to allow its customers to personalize InnerScope hearing devices to their specific needs in less than 10 minutes via an onboard, in-ear custom fit self-testing feature. The products are available through InnerScope’s MyHearIQ.com eCommerce site and through partner sites. In August 2021, InnerScope struck strategic deals to sell its hearing aids on FSAstore.comHSAstore.com, and WellDeservedHealth.com sites catering to consumers enrolled in flexible spending accounts (“FSA”), health saving accounts (“HSA”), and employers’ health incentive programs. Branded “Nexus HD App-Controlled Hearing Aid Set,” the InnerScope products are front and center when searching for “hearing aids” on these sites. The price of $1,500 for the complete set comes with free shipping and handily undercut the typical average price of $5,000 for same type of hearing aids. At this price point, InnerScope breaks down price barriers that wend way to just 14% of Americans with hearing loss currently using hearing aids. This month, InnerScope launched a new eCommerce website for its wholly-owned subsidiary, HearingAssist (https://hearingassist.com/). HearingAssist has been an established leader in the DTC hearing aid market since 2008 and is Walmart’s largest hearing aid supplier with product displays in 757 Walmart stores and over 500,000 hearing aids sold to date. If you’ve ever seen the commercial where the dad and son are working on some chairs in a shop and the son becomes flustered his dad can’t hear him saying “I love you, Dad,” then you’ve heard of HearingAssist whether you realized it or not. (HearingAssist Commercial) The new website showcases all HearingAssist’s hearing aids with sleek designs and leading digital technology. The site was designed with mobile in mind for a premium customer experience, a streamlined product search capability including live inventory and pricing search features, 24/7 product purchases with an easier check-out process, and an option for low monthly payments. The site also features a live connection with a hearing product specialist and an opportunity for a free hearing consultation with a licensed hearing healthcare professional. Furthermore, the website was constructed with scale in mind and a backend that allows the InnerScope team to manage content, launch marketing campaigns, maintain product data and add features from one location. Opining on all the thought and time that went into the design of the new site, InnerScope President and CEO Matthew Moore commented, “We designed this new website to provide hundreds of thousands of HearingAssist’s current customers and potentially millions more, a robust, user-friendly experience where they have 24/7 access to the HearingAssist affordable hearing aids and related accessories as well as a free consultation with one of our licensed Hearing Healthcare Professionals.” For more information, visit the company’s website at www.INND.com. NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

Nemaura Medical Inc. (NASDAQ: NMRD) Publishes 3QFY2022 Results; Company Reports its Inaugural Quarterly Revenues

  • Nemaura Medical has recently reported its 3QFY2022 (4QCY2021) results, with the company recognizing its inaugural revenues of $183,628 over the quarter
  • The company also announced that it held $23 million in cash reserves as of the end of the quarter, which should amply cover its cash requirements over the coming months
  • Nemaura Medical seized upon the opportunity to update investors on their ongoing operational highlights, which include the appointment of Dr. Arash Ghadar as COO, the formal launch of their Miboko product line
  • Finally, the company also announced a new investment received from Tiger Partners Trading LLC, an investment advisor to legendary investor Julian Robertson’s Tiger Management family office
Nemaura Medical (NASDAQ: NMRD), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, has announced its recent Q3 FY2022 results for the quarter ending December 31, 2021 (https://ibn.fm/8VG8U). Nemaura Medical has seen its financial results go from strength to strength over the past year. The company recognized Q3 FY2022 revenues of $183,628 due to the initial shipments made over the past quarter of sugarBEAT(R) CGM devices to MySugarWatch, the company’s UK licensee. The order marked the inaugural revenues in Nemaura Medical’s history, with the company rapidly moving towards monetizing its recent product launches. Meanwhile, the company reported total operating expenses over the quarter amounting to approximately $1.8 million, including the cost of additional headcount required to support and drive the operational scale-up process across both the company’s UK and US teams. Finally, Nemaura Medical announced that it held cash equivalents of approximately $23 million as of December 31, 2021, compared to $31.9 million as of March 31, 2021. “The December quarter marked a milestone for Nemaura, as we officially entered the commercialization phase of our corporate development and recognized revenue for the first time in our history,” commented Dr. Faz Chowdhury, CEO of Nemaura. Nemaura Medical’s recent earnings announcement comes amidst a period of solid growth for the company over the past few months. Nemaura Medical recently appointed Dr. Arash Ghadar as Chief Operating Officer; Dr. Ghadar will come on board entrusted with helping commercialize the company’s transformational line of non-invasive diabetes management products. The company also formally launched its Miboko product line, a service offering in development over the past 18 months. Miboko uses a non-invasive glucose sensor to measure and monitor users’ blood sugar levels based on glucose tolerance or insulin resistance. The device is then linked to an AI mobile application, which provides users with personalized information by tracking their metabolism. “With the recent launch of Miboko, our new metabolic health program, we now have a second product from our platform of non-invasive microsystem technology, which we believe will have broad appeal. We are leveraging our sensor platform to enter mass market, high-value applications to deliver long-term value to shareholders,” stated Dr. Chowdhury. Separately, Nemaura Medical also seized on the opportunity to reveal that Tiger Partners Trading LLC, an advisor to legendary investor Julian Robertson’s Tiger Management family office, had acquired a 3.1% equity stake in Nemaura Medical in February 2022. Mr. Robertson’s offshoot network of investment firms, including Tiger Global, has become some of the largest investors in early-stage private- and publicly-listed companies in recent years. In 2021, Tiger Global surged ahead of its peers in venture capital investments, with the asset manager deploying upwards of $70 billion across 335 individual deals for the year (https://ibn.fm/c5yhZ). For more information, visit the company’s website at www.NemauraMedical.com. For more information on Miboko, please visit www.Miboko.com. NOTE TO INVESTORS: The latest news and updates relating to NMRD are available in the company’s newsroom at https://ibn.fm/NMRD

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) On Track to Deliver First Prototype of Green Ammonia Production System in Late Summer 2022, Identifies Base for First Demonstration Pilot Project

  • FuelPositive was featured in a NetworkNewsAudio production that detailed the company’s recent corporate update and announcements
  • The company noted that the construction of the prototype of its green ammonia production system is on track for rollout in mid-2022
  • The company expects to start validating the system in the first half of the year, where the validation will prove the rate and purity of the green ammonia produced
  • FuelPositive has identified a 6,000-acre grain and plant-based farm in Manitoba for the first demonstration pilot project
As efforts to produce green ammonia gather steam worldwide, from Asia and North America to Australia and Africa, FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is making substantial headway, announcing in a recent corporate update that it is on track to deliver the first prototype of its modular green ammonia production system in late summer 2022. The update, which was covered in a NetworkNewsAudio broadcast, also included an announcement that the company had filed its annual audited financial statements for the year ended September 30, 2021 (https://ibn.fm/2E2oM). “FuelPositive is moving forward at full speed to commercialize our in situ, modular, scalable, and transportable green ammonia production system,” commented FuelPositive Chief Operating Officer Nelson Leite as part of the update. FuelPositive noted that the building of the first demonstration units for its green ammonia production system, which does not emit any greenhouse gas as it relies on renewable electricity to produce green ammonia from water and air, is progressing according to plan. It is made up of a nitrogen generator to extract nitrogen from the air, a water electrolyzer to generate hydrogen from water, and a patent-pending green ammonia synthesis reactor that will combine the hydrogen and nitrogen to form ammonia. According to the company, the electrolyzer’s construction has been completed and has passed the Factory Acceptance Testing (“FAT”). Further, the synthesis reactor is on track for the planned demonstration pilot project, while the nitrogen generator, which experienced some delays due to pandemic-induced supply chain issues, is not expected to affect the rollout of the demonstration units planned to begin in late summer 2022. To meet this target, FuelPositive anticipates it will begin validating the systems in the first half of the year, with this validation expected to prove the rate and purity of the green ammonia produced by the company’s technology. FuelPositive also announced it had identified a base for its first demonstration pilot project: a 6,000-acre grain and plant-based farm in Manitoba, Canada. The company has already conducted the first site visit, which “went extremely well,” according to FuelPositive CEO and Board Chair Ian Clifford. The farm is ideal in many ways. In addition to being located in Manitoba, a province that has a green electricity grid and will be suitable for FuelPositive to test its prototype in the harsh Canadian climate known for its hot summers and long, cold winters, the farm is equipped with solar power and connected to the grid. Furthermore, it has its own water source, meaning that it can be self-sufficient. The farmer plans to use the system to produce fertilizer in the immediate term but plans to also use the green ammonia as a fuel for grain drying and their tractors and other internal combustion engine (“ICE”)-powered vehicles – after conversion. These plans feed into FuelPositive’s vision for its proprietary system’s disparate use cases. The company envisions that green ammonia will be used to store hydrogen (energy storage) and facilitate the long-distance transportation of hydrogen, as fuel for converted ICE vehicles and as a fertilizer, among other applications. The pilot project announcement comes just a few months after the company conducted a case study based on a 1,800-acre farm in Manitoba. Here, FuelPositive established that the cost of green ammonia production using its system is 40% cheaper per metric tonne to end-users than traditional (“grey”) anhydrous ammonia (https://ibn.fm/0Aata). In addition to being more expensive, grey ammonia is produced through a highly polluting and energy-intensive process and is susceptible to supply chain fluctuations that increase prices. Meanwhile, the update also featured additional announcements, including advisory appointments, government relations efforts, and news on the location of its new head office. To listen to the audio production covering the entire update, visit (https://ibn.fm/y6Lev). For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Nodes Showing Positive Growth, While U.S. Seeks El Salvador Accountability Over Bitcoin Legal Tender Decision

  • The company has seen positive growth over the last seven days, increasing channels and value within the nodes active in The Lightning Network
  • LQwD has opened itself for the international market – with Germany and Singapore nodes opened recently
  • The European and Asian markets are only the first steps to the company’s goal of becoming the number one Lightning Network facilitator
Three prominent United States Senate members have introduced a bill that stems from El Salvador’s adoption of Bitcoin as a legal tender. The Accountability for Cryptocurrency in El Salvador (“ACES”) Act would require a State Department report on El Salvador’s adoption of the cryptocurrency and a plan to mitigate the potential risks it imposes on the United States’ financial system. The Senators presenting this bill include Jim Risch (R-Idaho), Bob Menendez (D-New Jersey), and Bill Cassidy (R-Louisianna). “El Salvador recognizing Bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests. If the United States wishes to combat money laundering and preserve the role of the dollar as a reserve currency of the world, we must tackle this issue head-on,” Cassidy explained the reasoning behind the bill (https://ibn.fm/txbn2). If the bill passes, the State Department report would require:
  • A detailed analysis of El Salvador’s adoption of Bitcoin as legal tender and the risks for cybersecurity, economic stability, and democratic governance in the country
  • A plan for the United States to mitigate the potential risks to the United States financial system
Aarika Rhodes (D), a United States congressional candidate for California’s 32nd District looking to unseat current Congressman Brad Sherman (D-California), does not share the same opinion of cryptocurrency as the Senate members calling for the ACES Act. She sees bitcoin as a way for economic justice. “Do I love the Lightning Network? Absolutely, I think it is the future,” she said (https://ibn.fm/fIoJK). The Lightning Network, which can be followed at https://1ml.com/, is a layer 2 payment protocol on top of the blockchain-based Bitcoin cryptocurrency. Using The Lightning Network enables scalability, faster payments, lower fees, and cross-blockchain transactions. One company focused, in particular, on bringing more exposure to The Lightning Network is LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology organization working to create an enterprise-grade infrastructure to drive bitcoin adoption. The company has three active nodes on The Lightning Network presently – United States, Germany, and Singapore. All three nodes have seen significant growth since becoming active, which further drives LQwD to procure more nodes for its platform as a service (“PaaS”) offering. LQwD – US – West (four months old, as of February 21, 2022):  Over the last seven days (as of February 21, 2022):
  • Capacity Change: 0.427694 BTC (USD$16,484.45)/up 8.72%
  • Channel Count Change: 4/up 4.55%
Over the last 30 days:
  • Capacity Change: 2.364466 BTC (USD$91,132.7)/up 79.7%
  • Channel Count Change: 28/up 43.75%
LQwD – Germany (20 days old, as of February 21, 2022): Over the last seven days:
  • Capacity Change: 0.460000 BTC (USD$17,736.07)/up 4,600%
  • Channel Count Change: 12/up 1,200%
LQwD – Singapore (16 days old, as of February 21, 2022): Over the last seven days:
  • Capacity Change: 0.685500 BTC (USD$26,465.32)/up 1,371%
  • Channel Count Change: 18/up 900%
The recently launched nodes in Germany and Singapore allow LQwD to enter the European and Asian markets, and with all three nodes active, the company maintains its commitment to facilitate faster transactions and provide lower fees for consumers. LQwD shares congressional candidate Rhodes’ view on The Lightning Network being the future, being confident that the Network will become a force for change worldwide and the global monetary exchange of the future, amid cryptocurrencies’ continued growth in popularity. For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

SPYR Inc. (SPYR) Adds to Apple(TM)-focused IOT Product Offerings, Boosts National TV Marketing Campaign

  • Internet of Things (“IoT”) developer and retailer SPYR Inc. is dedicated to building a portfolio of branded technology solutions that appeal specifically to Apple consumers with iPhones and other Apple devices
  • SPYR recently announced the pending rollout of an enhanced charging cable called MagixStatus, which provides a better-than-normal level of feedback regarding a device’s charging process
  • The company also recently launched its MagixCharge device — a high-power charger with two USB ports for charging multiple devices at the same time
  • MagixCharge is ‘a high-power car charger providing Power Delivery [PD] via two USB-C ports for charging multiple devices at the same time, up to twice as fast as a conventional vehicle charger that connects via the cigarette lighter adapter
  • The company’s flagship offering, MagixDrive, serves as an adapter between an iPhone and a car’s infotainment system to make CarPlay available on the car dashboard and avoid having to repeatedly access the phone while driving, making the CarPlay experience available wirelessly on the car’s dashboard
  • The products are developed by SPYR’s subsidiary Applied Magix, which was acquired by the company last year
Apple ecosystem-focused Internet of Things (“IoT”) developer SPYR (OTCQB: SPYR) is building its product offerings with the aim of increasing its brand awareness within the industry, most recently with the pending rollout of enhanced Apple(TM) Lightning and USB-C-compatible charging devices and a marketing boost for its flagship wireless CarPlay device. “Not only do our cables provide enhanced functionality, but they also look great. The average feedback we have received from our testing group has been, ‘Shut up and take my money!’ – so we do, and we will,” Applied Magix CEO Harald Zink stated when the company announced the development of its MagixStatus line of charging cables Feb. 3 (https://ibn.fm/bWIod). Applied Magix is a registered Apple developer and reseller of Apple ecosystem compatible products that was acquired by SPYR last year as part of SPYR’s mission to source white label Apple HomeKit(TM) products and accessories from worldwide manufacturers while manufacturing its own new line of products. SPYR foresees a significant market opportunity in creating smart hardware and software solutions exclusively for Apple customers, given their propensity to invest higher dollar amounts in their pursuit of quality brand items and the apparent lack of smart devices that properly integrate with HomeKit. The MagixStatus cables improve on traditional charging cables by providing a fuller range of information on charging status, including if the device is being charged using the faster acting Power Delivery (“PD”) standard. The cable is expected to launch during the first quarter, according to the company. Applied Magix also recently announced its launch of “MagixCharge,” a high-power, high capacity USB-C car charger with two USB Type-C ports to charge multiple devices at once (https://ibn.fm/sHWSF). The charger will be packaged in the company’s wireless MagixDrive Bundle, an advertised promotion that combines the charger and the MagixBlock data blockers with the company’s flagship MagixDrive wireless CarPlay adapter at a discounted price. MagixDrive works as an adapter between an iPhone and a car’s infotainment system to make CarPlay available on the car dashboard without having to fiddle around with the phone while driving. This makes the CarPlay experience available wirelessly on the car’s dashboard. SPYR announced Feb. 10 that its initial national TV advertising campaign for MagixDrive achieved a positive response from consumers, prompting the company to expand the airing schedule of the commercial. “We were quite satisfied with the results from the first wave of our commercial’s broadcast. By further increasing both the reach and frequency, we hope that more customers will discover our innovative MagixDrive product,” Zink stated (https://ibn.fm/Zc2y1). For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites: For more information, visit the company’s website at www.Spyr.com. NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR

With Bulls on the Side of Gold Trends, StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Charges Ahead with Greenstone Belt Drill Plans

  • Metals exploration and acquisition company StraightUp Resources has spent recent months optioning potential drill sites in the gold-producing region of Ontario’s famed Red Lake Mining District
  • StraightUp conducted ground and airborne magnetic surveys last year to help guide its strategy for potential exploration, with results showing some “high merit” areas of potential mineralization
  • The company has obtained the necessary permit for a summer drilling program on one of its five sites in Ontario’s well-known greenstone belt region in and around the Red Lake District
  • Gold prices declined during the pandemic as many people held off on buying jewelry and turned to other sources for crisis market hedges, but prices have been trending upward since last summer as consumers resume lifestyle routines while wary of new inflationary pressures
Consumer sentiment about gold investment continues to reflect expectations that inflation may remain troublesome throughout the coming year, as people everywhere attempt to process the potential economic impacts of the COVID-19 pandemic and fiscal policies both in government and private sectors as a response to the pandemic. The University of Michigan’s most recent survey of consumer sentiment reported a sharp drop to a 10-year low, driven by “weakening personal financial prospects, largely due to rising inflation, less confidence in the government’s economic policies, and the least favorable long term economic outlook in a decade” (https://ibn.fm/fv2IL). While the decline in consumer optimism heralds the possible onset of a sustained downturn in consumer spending, it also portends the possibility of rising strength in the gold market, which has suffered declines during the pandemic that have led many analysts to question gold’s prevailing role as a financial hedge during stormy times (https://ibn.fm/P0aKg). Precious metals commodities media outlet Kitco News reported this month on diverging faith in gold between Wall Street analysts and Main Street consumers, with 40 percent of Wall Street analysts surveyed bullish on gold’s price potential, 27 percent bearish and 33 percent neutral, while 62 percent of Main Street responses were bullish and only 16 percent neutral (https://ibn.fm/ZKLti). The survey demonstrates the common investor’s willingness to make assessments that may not align with what they regard as advisors’ “manipulation” of the market, as a number of comments on the Kitco report indicated. Despite the doubts, gold prices in February marked a climbing trend that saw them at their highest point since June (https://ibn.fm/zdg8o). And beyond the investor marketplace, gold continues to play a popular role in rising jewelry purchases (44.99 percent YOY increase) and cultural mainstays in Asian countries such as China and India (https://ibn.fm/9SVW7), which may also signal a revival in Western Hemisphere markets as pandemic concerns wane during the coming months. Precious metals explorer StraightUp Resources (CSE: ST) (OTCQB: STUPF) has spent the past year examining the potential for gold exploration on flagship properties the company has optioned in Canada’s well-known greenstone belts in Ontario, anticipating persistent demand for the metal worldwide. Ground magnetic surveys and helicopter-borne high-resolution aerial magnetic surveys have helped confirm the potential of StraightUp’s five gold properties in the Red Lake Mining region, such as “multiple areas of high merit and potential mineralization” reported in November at the Ferdinand Gold Project, which consists of 17 contiguous mining claims covering 7,143 hectares (17,651 acres) (https://ibn.fm/rlGyc). The company entered into an option agreement to acquire the property in March. The nearby RLX North site, at 4,725 hectares (about 11,675 acres), was greenlighted last month for an early exploration permit, and the company expects to move forward this summer with drill programs on it and the adjacent RLX South site, which together comprise StraightUp’s largest property at 10,000 hectares. The permit for mechanized drilling at the site will be valid for three years, according to the company. For more information, visit the company’s website at www.StraightUpResources.com. NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF

SRAX Inc. (NASDAQ: SRAX) Unveil Bullish 2022 Guidance: Update Investors on Ongoing Share Buybacks and Preference Share Payouts

  • SRAX recently provided the market with its 2022 revenue forecast, guiding of $46-48 million in top-line revenues which surpassed street estimates of $42.52 million
  • The company also seized upon the opportunity to update investors on their preferred shares, each of which would be eligible for a cash payment of $0.01, payable in January 2022
  • Simultaneously, SRAX also revealed that they had repurchased 155,000 common shares over the last quarter as part of their enhanced shareholder returns initiative
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, recently updated the market on its guidance for the upcoming financial year as well revealing details on its ongoing shareholder payout schedule. SRAX guided that the company was forecasting revenues of $11.5 million for the first quarter of 2022, with full year revenues of $46-48 million. The numbers follow a strong series of recent results, with SRAX reporting $8.3 million in third quarter revenues, with street analysts forecasting top-line sales to further increase to $10.05 million in the fourth quarter. Fourth quarter results for 2021 are expected to be published on Monday, April 4th, 2022. (https://ibn.fm/O89sI). “Our team did excellent work in 2021, meeting and exceeding our guidance. The nature of our annual contracts provides us exceptional visibility into revenue,” stated Christopher Miglino, Founder and CEO of SRAX. “We are projecting that we will have our largest quarter ever in Q1 of 2022. With an acceleration in sales at the end of Q4, we are very comfortable in providing a full-year, 2022 guidance of $46-$48M,” added Miglino (https://ibn.fm/rG1wi). According to the analysts at Zacks Investment Research, SRAX are expected to report full year sales of $31.48 million for the 2021 fiscal year, with current analyst estimates ranging from $31.43 million to $31.53 million. Meanwhile, the company’s recently published guidance of $46-48 million in revenues for the 2022 fiscal year compare favourably to analyst estimates, with Zacks Investment Research recently forecasting the company to report sales of $42.52 million for the current year. Following the Company’s second quarter earnings report, SRAX had announced that they would be carrying out a simultaneous $10 million stock buy-back program as well as paying a one-time special dividend to its shareholders of records as of 20th September 2021. The special dividend, which would bear an approximate value of $0.23 per common share or $6.5 million in total, would be in the form of an issuance of non-tradeable preferred shares, which would hold a notional value of approximately $6.5 million worth of Sequire’s clients’ stock. As the underlying shares were sold, the proceeds would be distributed to the preferred shareholders on a periodic basis. SRAX have now revealed that they had sold approximately $380 thousand in notional value of the underlying shares over the course of the last quarter, entitling holders of the company’s preference shares to a cash payment of $0.01 per share payable by January 30th, 2022. Simultaneously, SRAX have also sought to boost their shareholders’ returns through their ongoing share buyback program, with the Company announcing that they had repurchased approximately 155,000 common shares over the course of the last quarter; at an average price of $4.15 per share, the repurchases amounted to approximately $800 thousand in net outlays (https://ibn.fm/Aozdq). “We continue to optimize our cap table and return value to our shareholders,” said Christopher Miglino. “This quarter we re-filed our already existing shelf. This allowed us to eliminate our At the Market filing (‘ATM’) and the costs associated with it. We will continue to look for opportunities to reward our shareholders.” For more information, visit the company’s website at www.SRAX.com. NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

From Our Blog

Soligenix Inc. (NASDAQ: SNGX) Advances Ricin Vaccine amid Toxin Threat

December 19, 2025

A recent “Times of India” report spotlighted the danger posed by ricin, a highly toxic plant-derived compound with no known antidote and a history of attempted misuse by extremist actors. Soligenix (NASDAQ: SNGX), a biopharmaceutical company focused on biodefense solutions, is developing a vaccine candidate known as RiVax(R) to protect against ricin exposure, positioning the company’s work at the […]

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