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Breaking News:

10-11-18 Summit Wireless Technologies, Inc. (WISA)
Announces
Certification of Axiim Link
WiSA USB Transmitter
Read Complete Release

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

09-28-18 Trickle Research Initiates Research of
Summit Wireless Technologies, Inc. (WISA) 
12-24 Month Price Target $9.25

Click Here for Research Report

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.

 

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”)

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9-24-18 Trickle Research Issues Research Note
AzurRx Biopharma, Inc.
12-24 Month Price Target $10.25

Click Here for Research Note

8-23-18 Trickle Research Issues Earnings Update
PetroShare Corp 
12-24 Month Price Target $3.20

Click Here for Research Note

8-15-18 Trickle Research Issues Research Note
Command Center, Inc.  
12-24 Month Price Target $9.60

Click Here for Research Note

8-16-18 Trickle Research Issues Research Note
Social Reality, Inc.  
12-24 Month Price Target $8.50

Click Here for Research Note

Consilium Global Research Issues
Quarterly Update 8-7-18
Zynex, Inc. 
Price Target $7.00
    Click Here>>

8-1-18 Trickle Research Issues Research Note
Social Reality, Inc. 
12-24 Month Price Target $7.50

Click Here for Research Note

05-31-18 Trickle Research Initiates Research of
Petroshare Corp 
12-24 Month Price Target $3.20

Click Here for Research Report

July-5-18 Greenridge Global Equity Research
Issues Updates Fullshare Holdings, Ltd. 
Click Here>>

Greenridge Global Equity Research
Issues Updates 6-4-18
Guangdong Land Holdings, Ltd. Click Here>>

Trickle Research update of
Assure Holdings, Corp  5-29-18
12-24 Month Price Target Suspended
  Click Here>>

Trickle Research earnings update of New Jersey Mining, Inc.   NJMC  5-17-18
12-24 Month Price Target $.30
  Click Here>>

Consilium Global Research Issues
Quarterly Update 5-15-18
Zynex, Inc.
Price Target $7.00
    Click Here>>

Trickle Research update of
Command Center, Inc.  5-15-18
12-24 Month Price Target $9.60
  Click Here>>

Greenridge Global Equity Research
Issues Updates 5-3-18
Guangdong Land Holdings, Ltd. Click Here>>

Trickle Research update of
AzurRx Biopharma, Inc.  5-2-18
12-24 Month Price Target $10.25
   Click Here>>

Trickle Research update of
AzurRx Biopharma, Inc.  4-16-18
12-24 Month Price Target $10.25
   Click Here>>

Trickle Research Earnings Update Q-4
Social Reality, Inc. SRAX
12 - 24 month Price Target: $7.50
Click Here>>

Trickle Research Initiates Coverage 4-6-18 for:
Camino Minerals CAMZF
12-24 Month Price Target $.90 

For full Research report >> Click Here



 

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Research Coverage 7-18
SMM is now hosting Equity Research and updates from top tier research providers:
          
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 Trickle Research
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 Consilium Global Research
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September 2018

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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.

 

Breaking News

Greenridge Global LLC issues update 9-6-18
Full Share Holdings (HK:607)
target $4.00

Nearing Resolution On CHS Deal

China High Speed Sale Update.  Fullshare has begun selling off non-core assets as required under the prospective deal.  Absent this, there has been little in the way of updates as Neoglory Prosperity Inc. [SZ: 2147] works on financial and regulatory issues on its end.  The potential sale will be terminated if a formal sale and purchase agreement is not entered into by September 30, 2018.  The outcome of this potential deal will have a significant impact on the future makeup of Fullshare. 

H1:18 Underperforms on CHS Weakness.  Fullshare reported H1:18 Revenue of RMB 3,883.89 million, a 19.7% decline from the year ago period.  China High Speed, which produces the bulk of the Company’s Revenue, saw sales decline 11.0% year-over-year, to RMB 3,466.79 million.  The decline was led by a 14.4% decline from its wind gear business.  Property sales fell sharply from the year ago period, as fewer projects saw deliveries during the first half of 2018.  Gross margins fell to 23.0% from 24.8% due to the lower Sales at CHS, where margins fell to 23.0% from 30.8% in the year ago period.  Fullshare reported a fair value change in financial assets of RMB 855.18 million, of which RMB 741.15 million was attributable to the share price increase of Zall Group [HK: 2098].  SG&A fell to RMB 845.52 million, from RMB 914.08 million in the year ago period.  Other Income of RMB 434.11 million was primarily from interest and investment income, while Other Expenses of RMB 71.05 million included a RMB 66.0 million impairment on its Hin Sang Group holdings [HK: 6893] investment.  Finance expenses increased to RMB 499.56 million on higher interest payments from CHS.  Net Profit for the period was RMB 550.60 million, or RMB 2.79 per share.

Model Update.  We made a number of changes to our model, including reducing the Revenue outlook, in large part because of recent CHS performance.  As noted previously, our model could change substantially based on the outcome of the proposed CHS deal.  Also of note is the share price of Zall has tumbled thus far in the second half of 2018, which if the price stays in this area would produce a multi-billion RMB loss in H2:18.

Maintaining Rating & Target.  As we wait for the outcome of the proposed CHS deal, Fullshare management has been deploying capital into targeted tourism investments, the education sector and the distressed real estate market, all of which should lift future earnings.  Based on information currently available, we are reiterating our Buy rating and HK$4.00 target price on Fullshare Holdings.  Our target price is based on a discount model, which assumes Fullshare will acquire RMB 1.5 billion of EBITDA annually, at 5x EBITDA that will grow 15% per year, discounted at 6% annually.

Greenridge Global LLC issues update 8-3-18
Guangdong Land Holdings
target $4.75

Click Here for Research Note

 

 


InvestorsHub News Wire:

 

 

 

Weekly Update: October 10th, 2018

Latest Happenings

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: http://bigtoken.com/beta. 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

 

09-28-18 Trickle Research Initiates Research of 
Summit Wireless Technologies, Inc. (WISA)  
12-24 Month Price Target $9.25

*Please note WISA has been added to the Trickle Model portfolio with a 4 allocation weighting

Company Overview

Summit Wireless Technologies, Inc.(“Summit”) is a San Jose, California based high-fidelity wireless audio technology company.

We were introduced to Summit about 18 months ago, which included a demonstration of their wireless audio technology. Since that time, the Company has made considerable progress on several fronts, which we will attempt to delineate throughout this report. Further, our interest in the Company was recently enhanced when in late July (2018) in conjunction with a $12 million equity financing, the Company filed an S-1 registration statement and entered the public markets.

In short, the Company’s technology allows users to experience multichannel wireless high-fidelity audio across a variety of mediums (television, mobile and gaming for example) in an easy-to-setup, and increasingly affordable platform. The Company believes its technology provides multiple advantages over current wireless standards such as Bluetooth® and WiFi for certain applications that those legacy platforms currently address but are perhaps not well suited for.

When we first heard the Summit story, the company was a co-owner of WiSA LLC, which in turn operates the WiSA  Association. WiSA is an acronym for “Wireless Speaker and Audio”, and its purpose is to develop and maintain standards around Summit’s associated wireless intellectual property and in turn promote interoperability across the devices and brands of those utilizing the technology. Since our introduction to the Company, Summit has managed to acquire 100% of WiSA. As we will delineate further in this report, while we believe the Company’s ability to monetize its IP will be the primary driver of its valuation, we also think their ownership of the WiSA Association will represent an additional valuation leg that could become quite valuable on its own if the technology is able to establish adoption in the wireless “immersive sound” industry.

Click Here for Research Report


 

 

 

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