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Stock Market Manager Weekly Update: October 22nd, 2018

Posted By Administration, Friday, October 26, 2018

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Weekly Update: October 22nd, 2018








Latest Happenings

The beginning of the end for trading in OTC-Microcap securities.

In spite of Congress enacting the Jobs Act and supporting the idea of small companies being able to freely solicit investment, the SEC has thrown every road block possible in the way. This is one more nail in the coffin. The idea, even though there is no legal basis or rules to support it has the SEC mounting unprecedented attacks on the financial services middlemen (“gatekeepers”)  that service the industry. Akin to charging a taxi driver who unwittingly gave a ride to a bank robber, the SEC is taking a scorched earth approach to regulation essentially driving industry participants out of the emerging capital markets space. Even though the economic meltdown of 2008, Bernie Madoff, Enron etc torched more retirement savings capital in one shot than has ever been invested in micro-cap stocks the penalties being sought for hypothetical rule violations are incredible. In many cases there has not even been any indication of actual underlying wrongdoing by anyone. In the article below by Laura Anthony the SEC is asking for a $20 million penalty to be levied against Alpine Securities. (not exactly a household name) By comparison from the 2008 economic crisis the maximum fine handed down to auditors was $10 million and only 1 obscure trader ever did jail time. Billions were lost by investors during that debacle that happened right under the SEC’s nose and even though the chairman of Lehman Brothers was on TV bald face lying about the economic stability of Lehman the day before they filed bankruptcy, exactly nothing happened.

One has to ask is this simply a way that the SEC can pat themselves on the back and show they are trying to do their job and with unlimited resources beat up the parties in the business who are least able to defend themselves.

Congratulations !! They have just about wiped out micro-cap fraud but destroyed tens of thousands of jobs and made investing in startup up- emerging companies nearly impossible.


Securities Exchange Commission Release 9-28-18

Brokerage Firm to Exit Penny Stock Deposit Business and Pay Penalty for Repeatedly Failing to Report Suspicious Trading

In a settlement with the SEC, COR Clearing LLC, the second largest clearing firm, supporting approximately 100 small independent broker dealers has ceased trading in penny stocks and allowing the deposit of same.

Although no actual money laundering or securities fraud was alleged or seemingly even occurred the SEC believes that deposing micro-cap (Penny) stocks, selling them and withdrawing the funds rises to the necessity of filing a SAR (suspicious activity report) every time on the customer and broker dealer involved. The rationale is frankly idiotic and does not jive with the banking guidelines for filing SAR reports. In any case the settlement bars COR from further trading in penny stocks. 



From Laura Anthony Oct 23- 2018

Shifting Capital Markets; Bank of America’s Merrill Lynch Exits the Penny Stock Business

There is a strange dichotomy building in the capital markets and what some are calling a clearing firm crisis. At the same time that the world of penny stocks and low-priced securities is on shaky ground with regulators and market participants, the U.S. is trying to regenerate the IPO marketplace, and a whole world of cryptocurrency investments and global trading continues to flourish. However, the IPO market cannot flourish for small companies if stockholders cannot clear their securities and sell into a secondary market. Recently, penny stocks have experienced a one-two punch that leaves me, and many of my colleagues, wondering how the marketplace will respond and evolve. Furthermore, as the inevitable birth of securities tokens and an actual licensed operational securities token exchange looms on the near-term horizon, it is clear we are at the precipice of experiencing fundamental changes in the capital markets.

Bank of America’s Merrill Lynch bans penny stocks

Bank of America’s Merrill Lynch brokerage division has shut down business in penny stocks. The big wire house has told its customers, including its 17,442 financing advisors, that it will no longer allow any transactions involving the purchase of securities that are priced below $5.00 per share and that trade on the OTC Markets. This change went into effect in July of this year, but many clients were not informed until they tried to execute a purchase order. Effective September 30, the company has also added increased compliance controls for all securities that are under $5.00 per share with a market capitalization under $300 million, regardless of where they trade. Although at first the firm indicated it would likewise prevent sales of such securities, it has since loosened that policy to allow for the orderly sell-off and/or transfer to other firms of these low-priced securities. Bank of America is the first major wirehouse to completely restrict transactions in penny stocks.

Read Complete Article

Look for more on this in the Black Swan Connection newsletter mid month in November


Breaking News


Clean Coal Technologies (CCTC) profile is now available on SMM.

Clean Coal Technologies, Inc. (OTCQB: CCTC) is an emerging growth coal technology company developing what could be the world’s first commercially viable and scalable coal dehydration technology. In 2017, approximately 37% of the world’s energy came from coal.  65% of global coal reserves are sub-bituminous, or low-ranking, and therefore should be upgraded prior to combustion.

CCTI’s proven technology can eliminate moisture, reduce transportation costs, and minimize carbon footprint. CCTC’s Pristine M technology, which is expected to be commercial in Q4 2018, has the potential to revolutionize the coal industry and allow for the upgrading of billions of tons of coal around the world.

Click Here for complete profile



AxurRx BioPharma started at outperform with $6 stock price target at Oppenheimer

10-16-18 Trickle Research Initiates Research of
AzurRx Biopharma, Inc. (AZRX) 
12-24 Month Price Target $10.25

AzurRX made an announcement this morning regarding FDA Acceptance of IND application for Phase 2 Clinical Trial of MS1819-SD in Cystic Fibrosis patients. That announcement is included below. This announcement is (another) one of the major milestones we referenced in the initial coverage as a potential catalyst to much higher valuations of the company. As with their recent announcement regarding  positive results from their Phase IIa Exocrine Pancreatic Insufficiency trial in Chronic Pancreatitis, this is in our view, very positive news. Moreover, these two releases

in conjunction with one another may provide some additional insights.

Read Complete Research Update


10-10-18 Ascendiant Capital markets, LLC
Initiates Research of
Summit Wireless Technologies, Inc. (WISA) 
Buy Rating and Price Target $7.00

Click Here for Research Report



10-9-18 Social Reality, Inc. (SRAX)
SRAX Launches BIGtoken, the Platform for Consumers to Own, Verify and Sell Their Data

Claim your data by downloading the BIGtoken mobile app, available in the Apple App Store and Google Play; up to 10,000 initial Beta testers will take part in breaking down the barriers dividing consumers from the data they produce.

During the Beta phase, the top three most active users will be rewarded with Bitcoin for their participation. To join the Beta phase, consumers, first, sign up at: Shortly thereafter, consumers will receive an "invite code" to activate the BIGtoken app, which is, now, available for download in the Apple App Store or Google Play:

Read Complete Release


10-3-18, Endurance Exploration Group, Inc. (“EXPL”)

operating through its previously announced joint venture, Swordfish Partners (the “Joint Venture”), is pleased to announce that it has acquired title to over 600 items and artifacts salvaged from the Steamship Pulaski.

Click Here for PR


10-1-18, Endurance Exploration Group, Inc. (“EXPL”) through a newly formed entity (or, “Affiliate”), has entered into a joint-venture with Global Marine Archaeological Research, LLC.  (“GMAR”)

Click Here



New Distribution Partner for SMM

In addition to our ongoing growth in distribution we have added a new very important distribution partner in Quote Media.

They are the premier provider of quote and news services to the financial Industry in North America. They current have some 675 subscribers and publishers of their quote and news feeds including major stock exchanges like NASDAQ and the Toronto Stock Exchange and an extensive list of portfolio managers both in North America and abroad.

All Research updates, releases and news articles will automatically be uploaded from SMM to Quote Media through our RSS feed and will be then ticker tagged and distributed across the Quote Media network in real Time.

This will begin next week and is provided by SMM at no additional charge.

If you have any questions, please feel free to email or give me a call.



Oct 2-18









(listing, quotes, news, research)







Aethlon Medical, Inc. (AEMD)





Assure Holdings, Inc. (ARHH)





Antibe Therapeutics, Inc (ATBPF)





AzuerRx Biopharma, Inc. (AZRX)




Camino Minerals Corp. (CAMZF)




Canbiola, Inc. (CANB)




News, Inc. (CIIX)




Clean Coal Technologies, Inc (CCTC)




Command Center , Inc. (CCNI)





Endurance Exploration Group, Ltd (EXPL)





Ecom Products Group (EPGC)









Galaxy Gaming, Inc. (GLXZ)





Guangdong Land Holdings Limited (124) HK



Magnegas, Inc. (MNGA)





MOBI724 Global Solutions, Inc. (MOBIF)




New Jersey Mining Company (NJMC)




Petroshare Corp. (PRHR)





Summit Wireless Technologies, Inc.





Social Reality, Inc. (SRAX)





Zynex, Inc. (ZYXI)







October 22nd, 2018


For today's bulletin, we take a look at the latest news on Wells Fargo $WFC and provide a link to download a copy of our latest stock report on the banking giant.

--A Long Nightmare

Wells Fargo Agrees to $65 Million Settlement With New York State

Wells Fargo & Company (WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet ( and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States.

For Complete Report Click HERE


VALUATION WATCH: Overvalued stocks now make up 41.67% of our stocks assigned a valuation and 25.39% of those equities are calculated to be overvalued by 20% or more. Twelve sectors are calculated to be overvalued.  

To subscribe to our bulletins and receive content whenever it is published, subscribe at our blog HERE

Want to learn more about ValuEngine? Our methods? Our history? 
Check out our video presentation HERE

SMM Research Partners


Black Swan Research Coverage and Subscription Service
Click Here>>


Event Calendar Updates

Trickle Research and GVC Capital
Rocky Mountain Microcap Conference October 9, 2018.
BlackHawk, Colorado at Ameristar Resort

There was a great turnout and really well done presentations. Following are the links to presenting companies and look forward to research updates from Trickle Research


OncoSec Medical Incorporated

AzurRx Biopharma, Inc.

Summit Wireless Technologies, Inc.

Zoned Properties, Inc.

Sierra Monitor Corporation

Biomerica, Inc.

New Jersey Mining Company

CBD Global Sciences

Where Food Comes From

AlvoPerto Energy, Ltd.
Social Reality, Inc.

If you’d like more information about any of the presenting companies please send us an email and we’ll put you in touch 

Read More


Dawson James Securities 
Small Cap Growth Conference Oct 29-30
Wyndham Grand Hotel –Jupiter Florida

Full Day--Two Track Presentations from over 30 Companies in Healthcare/Technology & Consumer Sectors

Uplist “Bootcamp” for Invited Guests

Monday Evening Panel/Welcome Cocktails

Last Year’s event was attended by over 250 of our Institutional, Family Office and High Net Worth Clients

Click Here to Register

NIBA New York Conference Oct 31- Nov-1

We’ll be attending, as long standing members, and ready to assist and make introductions.
If anyone would like to set up a meeting to discuss our services or any related matters, please email me at

The National Investment Banking Association (NIBA) is proud to host its 145th investment conference on Oct 31- Nov-1, 2018 at the Crown Plaza at Times Square in New York City.  

If you would like to make a corporate presentation Click Here to download the Presenting Company Application

To register as an attendee click the link below
NIBA Registration



Visit our homepage for up to the minute Financial News, Quotes and our Latest Black Swan Connection Newsletter

Stock Market Manager Homepage

-SMM Distribution Update-

Distribution (Reach)

SMM Global Twitter Acct     (Impressions last 30 days)       1,414

SMM Global Facebook Page  (Reach last-30 days)               6,462

SMM Linkedin Page                 (contacts)                              472

SMM Youtube Channel            (followers)                                 6

SMM Instagram                      (followers)                             131         

Direct Email                                                                 345,000

Total                                                                             353,485



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