Latest news, reports, and more from the RedChip Nation.     September 12, 2018     Contact    
Nemaura (NASDAQ: NMRD) Reports Positive Interim Data from Clinic Portion of SugarBEAT® FDA Clinical Trial

Nemaura Medical (NASDAQ: NMRD), a medical technology company developing sugarBEAT® as a non-invasive, affordable, and flexible Continuous Glucose Monitor (CGM) for use by persons with diabetes and pre-diabetics, today reported data from an interim analysis of the first of a number of planned studies in support of a submission to the U.S Food & Drug Administration (“FDA”) for approval of its sugarBEAT® product.


Why It Matters: SugarBEAT® is expected to launch in the UK in the coming months, and is expected to be marketed to all categories of diabetics, including Type 1, Type 2 and pre-diabetics. Continuous Glucose Monitoring (CGM) is estimated to have a global total addressable market worth $82 billion. The U.S. has the largest number of CGM users, where 2018 usage numbers are estimated at 630,000 insulin users, representing 2.6% of 24.6 million people who have been diagnosed with diabetes.


What's Next: Completion of U.S. study and FDA submission is anticipated in Q1 2019, alongside poster presentation at the Advanced Technologies & Treatment for Diabetes (ATTD) conference in Berlin in February 2019 for the full in-clinic portion, which is designed to record approximately 16,000 matched data points.



Nemaura Medical (NASDAQ: NMRD) is a client of RedChip Companies. Nemaura Medical pays RedChip a monthly cash fee for investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics.

Next Financial Crisis ‘Will Be More Severe’ Socially and Politically, Says Billionaire Investor Dalio

In an interview with CNBC, Dalio said, “We're in the seventh inning of the economic cycle.”

Dalio also argues that President Trump’s imposed tariffs on China aren’t a big deal and was concerned more about the nature of the relationship between the world’s two biggest economies.

Also, Dalio on Monday published a book, A Template for Understanding Big Debt Crises, that’s available as a free PDF:

Digital Ally (NASDAQ: DGLY) Announces Issuance of 2 Additional Law Enforcement Patents by the United States Patent Office

Digital Ally (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, is pleased to announce a new development from the United States Patent Office in its continued prosecution of critical patents for the law enforcement community.

The Patent Office has granted Digital Ally two new patents: U.S. Patent Nos. 10,074,394 (“the ’394 Patent”) and 10,075,681 (“the ’681 Patent”). These patents will be critical for assisting Law Enforcement Officers capture and collect evidence.

Key Quote: “We are excited that the Patent Office continues to recognize the pioneering work of our engineering team at Digital. We have always prided ourselves on our ability to out-innovate even our largest competitors.” Digital Ally’s CEO, Stanton E. Ross

The Backstory: Digital Ally develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial applications. The Company's primary focus is digital video imaging and storage. The Company is headquartered in Lenexa, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol DGLY.


Digital Ally, Inc. (NASDAQ: DGLY) is a client of RedChip Companies, Inc. DGLY agreed to pay RedChip Companies, Inc., a monthly cash fee for four (4) months of RedChip investor awareness services.

Marijuana Stocks Continue to Soar Sky High


In August we covered the Alternative Harvest ETF, one of the largest cannabis related ETFs currently traded. Since then the price has soared from just over $25 to more than $37 per share.


Growing interest from beverage companies and other more traditional businesses has sent a buying frenzy into the space over the past several weeks. While much of the interest has remained north of the border due to the Canadian government’s vote to end prohibition, we believe it’s a great sign longer-term for all cannabis related companies, and it’s likely only a matter of time before US-based players catch up.


GSRX Industries (OTCQB: GSRX) Receives Pre-Qualification for its Seventh Dispensary in Puerto Rico

GSRX Industries (OTCQB: GSRX), a cannabis stock developing vertically integrated operations in Puerto Rico, California, and other markets, received pre-qualification for a new Green Spirit RX medicinal cannabis dispensary in San Juan, Puerto Rico. This will be the company’s seventh dispensary on the island. Two of the dispensaries opened earlier this year and have been generating sales for several months. The other five dispensaries are under construction or near completion.

Why It Matters: GSRX is positioning itself as the dominant cannabis retailer in Puerto Rico, already commanding pre-qualifications for nearly 10% of the expected licenses available. The black market for cannabis in Puerto Rico has been estimated to exceed $500 million annually. As more and more of that market transfers into the expanding legal system, GSRX should be able to generate consistent and sizeable revenue growth.

What’s Next: Retailing medical cannabis in Puerto Rico is just one component of GSRX’s business model. Led by the former Chairman and CEO of Macy’s Midwest, GSRX is also expanding its operations into the country’s largest market: California. In addition to the acquisition of an operating dispensary in Northern California’s Mendocino County, GSRX has established joint ventures and other relationships to build-out a fully vertically-integrated business, including grow operations, extraction, and manufacturing.


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.

Renren (NYSE: RENN) Skyrockets on Position Q2 Results

Renren (NYSE: RENN) reported earnings per share of 15 cents for the second quarter of the year, a massive improvement over the company’s loss of 2 cents per share in the same period last year.


Renren also says that it is now expecting revenue for the third quarter of the year to come in between $123 million and $128 million, a triple-digit increase over 2017 results.


The stock reacted favorably to the news, closing up more than 50% on Tuesday.


Esports Entertainment Group (OTCQB: GMBL) Signs 193 Affiliates at Gamescom 2018

Esports Entertainment Group (OTCQB: GMBL) (or the "Company"), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the signing of 193 VIE Affiliates at Gamescom 2018, the world’s largest event for computer and video games. These VIE Affiliates represent professional players, streamers and influencers that collectively reach a massive audience of esports participants around the world.


This result represents an increase of 220% over Gamescom 2017 and further signifies esports industry acceptance as the Company ramps up affiliate marketing activities in support of, the world’s first and most transparent esports betting exchange. As a result of the conference, the Company is in discussions with several high profile esports participants and believes further developments will be announced.


The Backstory: Esports Entertainment Group is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua, Curacao and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information visit



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.

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