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Black Swan Connection February 2020

Posted By Administration, Friday, February 28, 2020

February 2020


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Our goal with the Black Swan Connection is to provide our subscribers, investors and financial professional compatriots outstanding investment insight that is a step above and outside of what will normally be found in mainstream financial press. To that end we have brought together seasoned, successful, and some of the brightest professionals in their respective fields to provide the articles and advice that is based on decades of practice in the field.

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Breaking News


There is always risk in the market sometimes from an unseen attacker.

Reuters 2-27-20
US STOCKS-Wall St on record correction pace as pandemic fears loom

* U.S. stocks eye steepest weekly fall since 2008

* New infections increase outside China

* Microsoft warns of hit to PC business from outbreak

* GS sees no earnings growth for U.S. companies in 2020

* Indexes down: Dow 2.3%, S&P 2.24%, Nasdaq 2.48% (Updates to late afternoon, adds comment, New York dateline, changes byline)

By Sinéad Carew

New York, Feb 27 (Reuters) - Wall Street's main indexes tumbled for the sixth straight session on Thursday with the S&P 500 on track for its fastest correction in history as the global spread of coronavirus intensified investor uncertainty about the economic impact.

If the S&P closes 10% below its record close reached on Feb. 19 this would be its fastest correction ever, taking just six trading days. The current record is nine days, occurring in early 2018, according to S&P Dow Jones Indices analyst Howard Silverblatt. The S&P was last 10.2% below its record.

Read Complete Article


Blue Chip or Blue Sky…Part IV

By: Dave Lavigne

As the title suggests, this particular column has an annual iteration that I started in 2017 and have “updated” each year in or around this time.  As the table below illustrates, I didn’t collect my data this year on the exact 1-year anniversary as I did the prior years, which will innocuous on the face was perhaps more telling than I imagined.

Succinctly, given the recent (abrupt) selloff in the equity markets over the past few days, theses tables would have looked different still (actually even more counter to my thesis than they are already).

This column and subsequent updates center on a premise I started with in February 2017, which was that several of the market’s most top-heavy names were trading at multiples that I felt were extraordinary.  In this case my proxy for “multiples” was their respective Price-to-Earnings Growth multiples, typically referred to as their “PEG”. 

Just to refresh, here is an excerpt from one of the prior iterations that may help explain

Again, to refresh this exercise started with something I read in 2017 that I still find hard to wrap my mind around.  Here is that excerpt:


“In what truly is one of the most amazing statistics to ever come across our desks here at 24/7 Wall St., we recently saw a chart that showed that just 14 stocks have created 20% of all stock market gains in dollars since 1924. That is a phenomenal figure, considering the sheer number of companies that have come and gone in that time, and the overall wealth created in the stock market in the past 93 years”.

Their list of 14 stocks:

1. Exxon Mobil Corp. (XOM)

2. Apple Inc. (AAPL)

3. General Electric Co. (GE)

4. Microsoft Corp. (MSFT)

5. International Business Machines Corp. (IBM)

6. Altria Inc. (MO)

7. General Motors Co. (GM)

8. Johnson & Johnson (JNJ)

9. Wal-Mart Stores Inc. (WMT)

10. Procter & Gamble Co. (PG)

11. Chevron Inc. (CVX)

12. Coca-Cola Co. (KO)

13. AT&T Inc. (T)

14. (AMZN)


ReRead Complete Article


2-25-20 Summit Wireless Technologies, Inc. (NASDAQ: WISA)

Consumer Interest Increases in WiSA Products

Broad range of WiSA Certified products drove consumer response in Q4 2019

WiSA LLC, the Wireless Speaker Audio Association, founded by Summit Wireless Technologies, Inc. (NASDAQ: WISA), reported noticeable growth in consumer interest, during the fourth quarter of 2019 and continuing into first quarter 2020.

The Association reported the following*:

  • 560% growth in unique users (UU), which is defined as individuals who visited the site during a set period of time, on the WiSA Association website from Q3 2019 to Q4 2019
    • 19,200+ UUs visited and utilized website in Q4 2019
    • 3,400+ UUs visited and utilized the website in Q3 2019
  • ~60% of the UUs clicked a member’s "Buy Now" or "Learn More" link
  • The number of UUs visiting and utilizing the website through February 20, 2020, has surpassed Q4 2019’s UUs

* The Association is able to identify and measure the number of UUs using Google analytics.

Read Complete Report


2-24-20 Antibe Therapeutics, Inc. TSXV ATE  OTCQB  ATBPF
Antibe Therapeutics Provides Corporate Update and Reports Q3 2020 Interim Financial and Operating Results

Antibe Therapeutics Inc. ("Antibe" or the "Company") (TSXV: ATE, OTCQB: ATBPF), a leader in developing safer, non-addictive therapeutics for pain and inflammation, is pleased to provide a corporate update in conjunction with the filing of its financial and operating results for the fiscal quarter ended December 31, 2019.

Enrollment of Phase 2B Dose-Ranging, Efficacy Study Nearly Complete

The Company’s ongoing Phase 2B dose-ranging, efficacy study is evaluating the effectiveness of its lead drug, ATB-346, in reducing osteoarthritis pain compared to placebo in 360 patients. Total enrollment has reached 98% and there are a sufficient number of patients in screening to satisfy the enrollment target. Antibe will issue a press release upon enrollment of the last patient, which is now expected within the next two weeks.

Read Complete Release


2-13-2020 Social Reality, Inc. SRAX NASDAQ

This Valentine's Day, Millennials Give the Gift of Experience, New BIGresearch Report Uncovers

LOS ANGELES, Feb. 13, 2020 /PRNewswire/ -- SRAX, Inc. (NASDAQ: SRAX), a digital marketing and consumer data management technology company, releases a new BIGresearch study of over 53,000 unique Americans revealing this year's Valentine's Day consumer behaviors and opinions.

A BIGtoken study conducted in January 2020 revealed Millennials are the most active generation during Valentine's Day. Seventy-nine percent of people celebrating this year are between the ages of 18 and 34, with 47% between 25 and 34. In addition, more Millennials responded that they plan to give their significant others a trip, a vacation, a staycation, or tickets to a concert, show, or amusement park. This points to a shift in values for younger generations where they're now prioritizing experiences and activities over material things.

Read Complete Press Release


1-30-2020 Canbiola, Inc.  OTCQB (CANB)

Canbiola, Inc. Announces Exclusive License Agreement with LifeGuard for Branded Topicals and More

HICKSVILLE, NY, Jan. 30, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a diversified health and wellness company specializing in the highest grade CBD products on the market, announced today the signing of an exclusive license agreement with Lifeguard Licensing Corp. for the use of the well-known LifeGuard™ brand name and logo for a host of products that will include CBD and non-CBD formulations.

Read Complete Press Release


1-21-2020 Social Reality, Inc. SRAX NASDAQ

SRAX and Experian Team Up to Offer Financial Services to BIGtoken Users

Collaboration Creates Additional Revenue Stream for BIGtoken

LOS ANGELES, Jan. 21, 2020 /PRNewswire/ -- SRAX, Inc. (Nasdaq: SRAX), a digital marketing and consumer data management technology company, and Experian®, the world's leading global information services company, announce their collaboration to provide people the opportunity to redeem their points in the BIGtoken platform for access to Experian IdentityWorksSM .

Read Complete Press Release


1-12-20 Greenridge Global Securities Issues Update
WE Solutions (HK 860)

WE Solutions 860 To Become Apollo Future Mobility Group

860 To Become Apollo Future Mobility Group.  The Board announced its formal intent to change the name of the Company to Apollo Future Mobility Group Limited to better reflect its focus on mobility solutions.  The name change will be put to a vote upon shareholders approving the Apollo acquisition, both of which are expected to resoundingly pass.  The circular is expected by March 6, with the long stop date for the Apollo deal extended to March 31, 2020 with completion due no later than May 30, 2020.  The long stop date for the Ideenion acquisition was extended to March 31, 2020, with the circular due by March 16, 2020.  Management currently expects both acquisitions will be completed before the end of the fiscal year on March 31.

Jewelry/Watch Business Continues To Shut Down.  On December 30, the Company’s license for the exclusive wholesale distribution of jewelry products and watches in China was terminated effective December 31.  The announcement comes as no surprise as management has been working to refocus on the Company towards mobility solutions, as highlighted in greater detail in our November 4, 2019 report.  Management is still working to dispose of its remaining jewelry and watch inventory, which made up nearly all of the Company’s HK$214 million in inventory at the end of September 2019.  The Company still has its distribution agreement with Girard-Perregaux in place, but is looking to exit that in the near future. 

H2:19 Results Include Impairments of Legacy Businesses.  Revenue fell in the second half to HK$255.2 million as the jewelry and watch business scaled down.  Revenue from auto engineering services amounted to HK$4.2 million.  Other expenses in the period totaled over HK$512 million and included a loan receivable impairment of HK$257.3, goodwill impairment of HK$199.3 million, and a decrease in investment property value of HK$71.7 million, all of which help clear out legacy items ahead of the acquisitions closing.  Net Loss for the period was HK$592.9 million.

Model Update.  We made two big changes to our model.  The first was significantly scaling back the Jewelry business as management quickly shuts that down.  This should be viewed as a net positive to shareholders as its profits fluctuated in recent periods, however it did help cover corporate overhead.  The net result of this was a sizable decline in our near term Revenue estimates and a reduction in Net Profit due to the remaining unallocated corporate overhead.  The other big change was moving the Jinpeng deal from a license payment to the share of income from JV line.  The net effect of the Jingpeng move was minimal.

Maintaining Rating & Target.  With no significant changes to the business plan and our model we are reiterating our Buy rating and HK$0.75 target price on WE Solutions Limited.  Our target price is based on a P/E multiple of 17 times our fiscal 2021 Diluted EPS estimate of HK$5.05 cents, discounted one year at 15%.  We again note that our model assumes Ideenion’s consideration shares will be issued at HK$0.52 and not a likely higher price which would result in less shares being issued.

Read Complete Report


1-14-2020 Canbiola, Inc.  OTCQB (CANB)

Canbiola Announces Closing of Green Grow Farms Acquisition

HICKSVILLE, NY, Jan. 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a developer, manufacturer, and supplier of a variety of hemp-derived THC-Free Cannabidiol (CBD) Isolate products such as oils, drops/tinctures, creams, moisturizers, chews, and capsules, announced today the closing of the previously announced agreement for an all-stock transaction to acquire 51% of Green Grow Farms Inc. 

Read Complete Press Release


Yahoo Finance 1-6-20

1-6-2020 Summit Wireless Technologies, Inc. NASDAQ (WISA)

WiSA Enables the Future of Speakerless TVs with Demo of Sharp’s WiSA Ready 8K Prototype TV

Consumer Electronics Show – WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced it will showcase an exclusive prototype of Sharp’s new WiSA Ready™*, 8K speakerless TV, now in development and slated for release later this year. As the industry moves toward speakerless TVs, WiSA is quickly becoming the leading audio solution for major TV brands and manufacturers like Sharp. Demonstrations are being conducted January 7-10 in the WiSA suite (#29-236) at the Venetian Hotel.

Read Complete Release


12-17-19 Canbiola, Inc.  OTCQB (CANB)

It's CBD for the Holidays - New Products and Retail Developments Just in Time for Holiday Shoppers

CBD Vending Machines on the Way

Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - December 17, 2019) -, a leading investor news resource covering cannabis and hemp stocks releases a special report on recent events with regards to new product and retail developments in the CBD space as the holiday shopping season winds up, featuring news from Canbiola, Inc. (OTCQB: CANB).

CBD products exploded in 2019 and are now more accessible through new retail agreements and online sales. As the year rolled along, many consumers gained more awareness of the CBD space. They have more trust and knowledge of the products they are looking for as companies now offer more transparency and education. This leads us to the 2019 Holiday Shopping Season which is giving many CBD companies the opportunity to reinvigorate sales and introduce new products and sales avenues.

Read More


The Wall Street Resource

We are partnering with the wall Street Resource to give our client companies another great resource in being able to distribute quality on line interviews to a broad investing audience.

The Wall Street Resource

Now available on your favorite Podcast platform.

iTunes, Spotify, Stitcher, Google, etc.

Listen to CEO interviews at The Wall Street Resource website, or your favorite Podcast platform.

Below are our past interviews. Find a company and note the date of
the interview. You can find them on the Webcast page listed chronologically at the link

Listen Now



ACME United Corporation (ACU) - Wednesday January 29, 2020

Allied Esports Entertainment Inc. (AESE)  -  Thursday January 2, 2020

Arcimoto, Inc. (FUV)  - Thursday, November 21, 2019

Arcturus Therapeutics Holdings Inc. (ARCT)  - Thursday, October 3, 2019

BioLargo, Inc. (BLGO)  -  Wednesday, November 13, 2019

Boxlight Corporation (BOXL)  -  Tuesday, November 5, 2019

C-Com Satellite Systems Inc. (CMI.V)  -  Tuesday January 7, 2020

Chicken Soup for the Soul Entertainment, Inc. (CSSE)  -  Monday December 30, 2019

Converge Technology Solutions Corp. (CTSDF)  - Tuesday January 14, 2020

CynergisTek, Inc. (CTEK)  -  Tuesday, December 17, 2019

Dyadic International, Inc. (DYAI)  -  Wednesday, October 16, 2019

ElectraMeccanica Vehicles Corp. (SOLO)  - Monday, November 25, 2019

Equillium, Inc. (EQ) - Thursday February 6, 2020

Intellicheck, Inc. (IDN) - Tuesday January 28, 2020

Lightwave Logic, Inc. (LWLG) - Thursday January 30, 2020

LiveXLive (LIVX) - Monday, November 18, 2019

MamaMancini’s Holdings, Inc. (MMMB)  -  Monday December 23, 2019

Monaker Group, Inc. (MKGI)  -  Monday, October 14, 2019

One Stop Systems, Inc. (OSS) - Wednesday February 5, 2020 

Resonant Inc. (RESN)  -  Monday December 30, 2019

SRAX, Inc. (SRAX)  -  Thursday, October 17, 2019

Stereotaxis, Inc. (STXS)  -  Monday January 6, 2020

Summit Wireless Technologies, Inc. (WISA)  -  Thursday, September 26, 2019

Super League Gaming, Inc. (SLGG)  -  Thursday, October 24, 2019

Turtle Beach Corporation (HEAR)  -  Wednesday December 18, 2019

Verb,Technology Company Inc. (VERB) - Thursday January 23, 2020

Veritone, Inc. (VERI)  -  Monday, November 11, 2019

Versus Systems Inc. (VRSSF)  -  Thursday December 19, 2019

VirTra, Inc. (VTSI)  -  Friday December 20, 2019

Weyland Tech Inc. (WEYL)  -  Tuesday December 3, 2019

Wrap Technologies, Inc. (WRTC)  -  Wednesday, December 4, 2019

Zedge, Inc. (ZDGE)  -  Monday December 16, 2019

For more information contact:

Jeff Kone (805) 965-1589
The Wall Street resource


Alternative Investments

The St. Petersburg, FL Realty Market

Quickly becoming a very trendy hot spot St. Petersburg has an astonishing array of great restaurants and nightlife combined with one of the top beach locations anywhere. Pinellas county also has a large number of residential homes that are in some stage or foreclosure or are bank owned, making a great Opportunity for the Fix-n-Flip practitioners.

Following is a list of all bank owned properties in Pinellas County- St. Pete-Clearwater, FL area.

Click the following link to view the Listings:

We’ll be providing a top fix-n-flip list going forward so stay tuned.

This weeks pick !

A great little house that needs a new owner and some TLC., Offered at $159,000


Click the following link to view the Listing:

3105-138th Place, Largo FL, 33771

For More information contact:

Gemee Minkler

Ph: 479-221-0809

Please subscribe to our newsletter to get ongoing Real Estate updates:

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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 is provided by SMM at no additional charge.

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



Antibe Therapeutics, Inc (ATBPF)






AzuerRx Biopharma, Inc. (AZRX)





Canbiola, Inc. (CANB)






Cavitation Technologies, Inc. (CVAT)





Endurance Exploration Group, Ltd (EXPL)






Guangdong Land Holdings Limited (124) HK




H-Source Holdings, Ltd (HSCHF)




Summit Wireless Technologies, Inc.




Social Reality, Inc. (SRAX)





WE Solutions Ltd. (HK 0860)








SMM Coverage-Special Situations

Elio Motors, Inc. (ELIO) $.53 2-26-2020

No news isn’t good news…. Oh yes more of the same nothing but ongoing Paul seems able to crank out his promotional Nonsense trying to lure more suckers into putting up a  deposit.

Won’t be long till the funeral

SHORT- Elio Motors, Inc. –ELIO Nov-2016  $11.80  Feb 26-20 price $.53








Price @







Cost Px.



SRAX (Social Reality)








Hire Quest (Command Center)








Endurance Exploration








Assure Holdings Corp.








AzurRx BioPharma








Cavitation Technologies, Inc.








Camino Minerals, Corp








Gold Resource Corp








Summit Wirelss








Alvoperto Energy, Ltd.








SG Blocks








H-Source Holdings








Generation Next Brands








Sigma Labs








Vext Sciences








Texas Mineral Resource Corp
















Terminated Coverage








ID Watchdog
















Barfresh Food Group








Semler Scientific








New Jersey Mining















Pure Cycle

















For complete details and assumptions please see the assumptions and explanations document Click Here

For a review and details on 2017 performance and model portfolio assumptions  Click Here

*Please note Dave Lavigne in the principal in Trickle Research and is also the editor of the Black Swan Connection Newsletter and an ongoing contributor to SMM.


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FEbruary 21, 2020  by Paul Henneman

ValuEngine Market Valuation update for the week of February 21, 2020. Strong Buy pick today is ticker W (Wayfair Inc). After a small re-organization and layoff, resulting in a pull back of the stock price, the ValuEngine models like it at this price. All data on 16 sectors, 140 industries, and 5,000 stocks are fully updated. Read on for the full update and stock pick. to log in, or free two-week full trial. Over 5,000 stocks, 16 sector groups, 140 plus industries covered every day.

VALUATION WATCH: Overvalued stocks now make up 39.28% of our stocks assigned a

valuation and 14.28% of those equities are calculated to be overvalued by 20% or more.

Read Full Report


SMM Research Subscription Service.
Black Swan Research

Subscribers will get Real Time notification as Research Reports and updates are available as well as latest press releases and news on the companies covered.

Black Swan Research coverage is a compilation of some of the best independent providers of Micro Cap Research.  The service focuses on micro-cap companies that are typically not followed by Wall Street analysts.  In addition our subscription research service includes ValuEngine research on over 5,000 stocks with stock valuations, Buy/Hold/Sell recommendations, and forecasted target prices.

 Click Here for Complete Description

See Below for current coverage and info regarding our Research providers

Trickle Research Click Here for More info>>

*Research on the following companies is available to BS Research or Trickle research subscribers only

  • Vext Sciences
  • Sigma Labs
  • Texas Mineral Resource Corp
  • Gold Resource (GORO)

Greenridge Global, LLC Click Here for More Info>>

ValuEngine Click Here for More Info >> (VE) is a stock valuation and forecasting service founded by Ivy League finance academics. VE utilizes the most advanced quantitative techniques and analysis available.

To Subscribe Please click Here


Reg A or D 506(c)

If you have a Reg A or 506(c) offering you would like us to distribute to our database, please give us a ring or email to:

Event Calendar Updates

NIBA's 148th Investment Conference

April 27-28, 2020  Westin New York Times Square Hotel

NIBA’s conferences provide:

  • A unique platform and showcase for both private and public companies to present their individual stories to prospective investors, financing partners, market makers and market professionals, all experienced within the micro-small capital markets.
  • A forum which is specifically designed to capitalize upon expended time for management of presenting companies by providing an abbreviated initial 10 minute overview presentation to our conference attendees which is also live filmed, providing access to members not in attendance and an additional marketing  opportunity for companies by posting to their company websites.
  • Scheduled 1-1 member meetings which provides presenting companies an opportunity to fully engage potential investors with full presentations and affords time for both in depth question and answers.

To Register Click Here

Carl Dilley


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 Page  *          (followers)                                0

Direct Email     *                                                          249,000

Total                                                                           257,354

Note*  Our Instagram acct was recently hacked so we had to start over again.

We have also cleansed our email database of subscribers who haven’t opened for some time and or have errors or other delivery issues with their email.

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