U.S. stocks continued their gains on Monday, with shares rallying as investors pile into small-caps amid the resumption of trade talks with China. The dollar fell to its lowest level since October, and Treasury yields ticked higher as traders assessed the seemingly dovish remarks from Federal Reserve chairman Jerome Powell on Friday.
Large caps were up more than 1% by midday on Monday, but the biggest jump was in the small cap space, which picked up almost 2%.
“We have a respectable probability that Friday’s rally and the last week-and-a-half’s rally has more legs behind it,” said David Sowerby, managing director and portfolio manager at Ancora Advisors in Cleveland. “It’s Fed policy right now, that’s first and foremost the most important gauge impacting the market today. Trade issues, number two. A very distant number three is the government shutdown.”
Level Brands (NYSE American: LEVB), an innovative brand management and licensing company that provides bold, unconventional, and socially responsible branding for leading businesses, will host an investor webinar this Thursday, January 10, at 10 a.m. ET.
The webinar will feature a presentation by Martin Sumichrast, Chairman and CEO of Level Brands, who will discuss recent developments, including the Company’s transformational acquisition of cbdMD, as well as key upcoming milestones.
Level Brands (NYSE American: LEVB) is a client of RedChip Companies. LEVB agreed to pay RedChip a monthly cash fee and 5,000 shares of Rule 144 stock for four months of RedChip investor awareness services.
Esports Entertainment (OTCQB: GMBL), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, announced the appointment of Alan Alden to the Board of Directors.
Why It Matters: Mr. Alden has been a specialist in advising remote gaming companies located in Malta since 2000, when he advised the first remote gaming companies as the Senior Manager of Enterprise Risk Services at Deloitte & Touche (Malta). In 2006 Alan set up Kyte Consultants Ltd, a company that specialised in the remote gaming and payment card sectors, to assist companies located in Malta. In 2009, Alan became a founding director in Contact Advisory Services Ltd, a licensed Company Service Provider (CSP) that offers a complete service to its customers, from company incorporation, to licensing for gaming and financial institutions. Since 2010, Alan has served as the General Secretary of the Malta Remote Gaming Council. Alan is a certified CISSP and CISA. Alan was also the founding President of the ISACA Malta Chapter between 2005 -2008. In 2015, Alan became a Part Time Lecturer on IT Auditing at the University of Malta.
Key Quote: “I am very pleased to have been offered this opportunity by Esports Entertainment Group, as they are an ambitious company with vision, a solid strategy and an exciting and unique product offering. I look forward to working with the team and hope I am able to assist them in achieving their objectives.” – Alan Alden
What’s Next: Esports Entertainment is gearing up for the full launch of its innovative bet exchange platform in the coming months. Over the past 12 months the company has built an enormous roster of affiliate marketing partners, including major esports streams, teams, and more, which places the company in an ideal position to rapidly grow market share in what many believe will become a multi-billion-dollar market opportunity.
Disclosure
Esports Entertainment Group, Inc. (OTCQB:GMBL) is a client of RedChip Companies, Inc. GMBL agreed to pay RedChip Companies, Inc. a monthly cash fee for six (6) months of RedChip investor awareness services.
GSRX Industries (OTCQB: GSRX), an owner and operator of cannabis dispensaries and related businesses, announced it plans to report its fourth quarter and fiscal year 2018 operating results on February 28. The Company has opened five dispensaries in Puerto Rico over the past year and owns an established dispensary in Northern California. Several additional dispensaries are in the final stages of construction in Puerto Rico as well. Led by Les Ball, former Chairman and CEO of Macy’s Midwest, GSRX has proven its ability to grow sales while navigating the evolving regulatory environment for cannabis.
Disclosure
GSRX Industries (OTCQB: GSRX) is a client of RedChip Companies. RedChip Companies, Inc. received 1,000,000 registered shares of GSRX for consulting services and 50,000 shares for investor awareness services. Be advised RedChip intends to sell some or all of its shares at any time, including when you are buying.
Santa Fe Gold (OTC: SFEG), a U.S. based mining company and owner of multiple mining claims, announced the acquisition of the Billali, Jim Crow, and Imperial Mines for $10 million.
Why It Matters: The State of New Mexico Energy, Minerals and Natural Resources Department has verified that both the Billali Mine and Jim Crow Mine, which are located in Grant County, New Mexico, are currently in compliance with the administrative requirements of the Permits, with both mines in good standing and all reporting requirements current and compliant. The payment terms were structured in a way that allows SFEG to fund a portion of the payments from mining cash flow. Management intends to further offset mining and operating expenses with stringent cost controls, savings from direct shipment to smelters, and cost-effective ramp up to full production.
Key Quote: “We believe experienced and competent mining crews exclusive to Santa Fe Gold will be available and we expect them to commence mining operations in a relatively short period of time.” – Brain Adair, Chairman
What’s Next: With the recent increase in the price of gold and silver, SFEG’s assets represent a long-term call option on the future of precious metals. As SFEG moves into production and brings its SEC filings up to date, investors participating at current low prices could see significant gains.
Disclosure
Santa Fe Gold Corp. (OTC: SFEG) is a client of RedChip Companies, Inc. SFEG agreed to pay RedChip Companies, Inc. 1,000,000 shares of Rule 144 stock for 12 months of RedChip investor awareness services and consulting services.
Reports clinical data updates with MultiTAA T cells in lymphoma, multiple myeloma and acute lymphoblastic leukemia
Reports completion of enrollment for TPIV200 Phase II study in ovarian cancer
Reports interim immunogenicity findings of TPIV200 Phase II study in triple negative breast cancer
Marker Therapeutics, Inc. (NASDAQ: MRKR), a clinical-stage immuno-oncology company specializing in the development of next-generation T cell-based immunotherapies for the treatment of hematological malignancies and solid tumor indications, announced a year-end update in five clinical trials using the Company's therapeutic products, LAPP and MAPP multi-antigen targeted T cell (MultiTAA) therapies and TPIV200, its Folate Receptor Alpha (FRα) peptide cancer vaccine product candidate.
Key Quote: "We are pleased to provide an update on our progress in advancing clinical trials using our therapeutic platform. With our MultiTAA cell therapies, we continue to build on the size and depth of our patient dataset.” – Peter L. Hoang, President & CEO of Marker Therapeutics
The Backstory: Marker Therapeutics is in multiple active Phase 2 clinical trials in the $100+ billion market for immunotherapy cancer drugs. The global market for cancer drugs is projected to top $150 billion by 2020 (IMS Health), and much of the growth is being driven by constant innovations in cancer immunotherapy. Currently, the company is advancing its robust mid-stage clinical pipeline focused on breast and ovarian cancer.
In May 2018, the Company, then known as TapImmune (TPIV), announced a merger agreement with Marker Therapeutics, creating a transformational Immuno-Oncology Platform. This merger adds Multi-Antigen Targeted Cell Therapy Platform to MRKR’s Peptide Vaccine Portfolio and has the potential to disrupt the CAR-T and TCR filed therapies. MRKR’s acquired therapies are significantly less toxic than CAR-T, require no gene modification, and are high efficacious and extremely durable, without the need for lymphodepletion.
Similar companies in Phase 2 clinical trials in immuno-oncology have attained much higher valuations, and trade for more than 3x the market cap of MRKR. With its next-generation T cell vaccine technology, the Company is well-positioned to capture part of the rapidly growing cancer immunotherapy market.
Disclosure
Marker Therapeutics Inc. (NASDAQ: MRKR) is a client of RedChip Companies, Inc. MRKR agreed to pay RedChip Companies, Inc., a monthly cash fee for (4) months of RedChip investor awareness services.
Estimated monthly interest and fees initially lowered by approximately $33,000
Estimated monthly cash flow to initially increase by approximately $121,000 commencing Jan. 4, 2019
MamaMancini's Holdings, Inc. (OTCQB: MMMB), a manufacturer and marketer of specialty pre-prepared, frozen and refrigerated all-natural food products (as defined by the United States Department of Agriculture), announced that it has transitioned its short-term debt to long-term debt via two credit facilities with M&T Bank at significantly improved terms and lower interest rates.
Key Quote: "We are pleased to significantly improve the condition of our balance sheet working with M&T Bank. Interest expense will be significantly reduced, yielding improved operating cash flow and net income.” – Carl Wolf, Chairman and Chief Executive Officer of MamaMancini’s
The Backstory: MamaMancini's is a marketer and distributor of a line of beef meatballs, turkey meatballs, and chicken meatballs, all with sauce; five cheese- and mozzarella-stuffed beef, turkey, and chicken meatballs, all with sauce, original beef and turkey meatloaves; stuffed pepper mix; sausage and peppers; chicken parmesan; pasta entrees; and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers such as Publix, Costco, Shop Rite, Jewel, Lunds and Byerlys, SuperValu, Safeway, Albertsons, Whole Foods Market, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Hannaford, Martins, Foodtown, Sam's Club, Topps, Kroger, Shoppers, King Kullen, Schnucks Markets, Central Markets, HEB, Stew Leonard’s, Weis Markets, Ingles, and The Fresh Market. The Company sells to distributors such as Sysco, AWI, UNFI, SUPERVALU, Monterrey Provision Co., Kehe, Burris Logistics and C&S Wholesale Grocers. In addition, the Company sells a wide variety of its products through QVC, the world's largest direct to consumer marketer, via on air presentations, auto-ship programs, and direct purchases through the internet or phone.
Disclosure
MamaMancini’s Holdings, Inc. (OTCQB: MMMB) is a client of RedChip Companies, Inc. MMMB agreed to pay RedChip Companies, Inc. a monthly cash fee for RedChip investor awareness services and consulting services.
Cemtrex Inc. (NASDAQ: CETX), a leading global technology and manufacturing company, announced that the Company will showcase the company’s flagship device, the SmartDesk, at two major events leading up to the 2019 Consumer Electronics Show: Pepcom’s Digital Experience! and the YPO Innovation at CES. Digital Experience! is Pepcom’s largest media event, giving over 1,000 influential members of the media exclusive hands-on access to the revolutionary SmartDesk.
Key Quote: “We are elated to showcase the SmartDesk at these two exclusive events.” – Saagar Govil, CEO and Chairman of Cemtrex
The Backstory: Cemtrex is the manufacturer of the SmartDesk, the world’s most advanced workstation. Cemtrex is a diversified technology company that is driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems.
Disclosure
Cemtrex, Inc. (NASDAQ:CETX) agreed to pay RedChip Companies, Inc. a monthly cash fee for three (3) months of investor relation awareness services.
Quote of the Week
"Invest in companies whose businesses you can understand."
- Charles Diker, Diker Management
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