Ant Financial completes Private Placement
M2 - Mon Jul 06, 8:53AM CDT
Ant Financial, Alibaba's (NYSE: BABA) financial services arm, completed a private placement of shares. The fundraising terms were not disclosed, but reports in China had state that Ant was seeking to raise about $4 billion, making one of the largest fundings in the red hot financial technology and services sector.
BABA: 80.30 (+1.26)
Obama Power announcement fuels Dominovas Energy move
M2 - Fri Jun 26, 8:37AM CDT
Dominovas Energy Corporation (OTCQB: DNRG) is up over 2,000% since it announced that it was named, via the deployment of its modular, off-grid RUBICON Solid Oxide Fuel Cell systems, as the first, and only, fuel cell company selected as a private sector partner to President Obama's Power Africa Initiative, which is a multi-stakeholder partnership comprised of private sector participants, the United States government and governments of several African countries.
Cleveland BioLabs takes off on $25 Million Equity Financing Private Placement Agreement
M2 - Thu Jun 25, 9:07AM CDT
Cleveland BioLabs, Inc. (NASDAQ: CBLI) stated that it entered into a securities purchase agreement with David Davidovich, a venture capital investor, that will raise $25 million. The offering for the sale of 6,459,948 unregistered common shares, at $3.87 per share, represents a 35% premium to June 23rd's closing market price of $2.86. The stock has traded over 4 million shares at more than 100% higher than yesterday's closing price.
CBLI: 3.78 (+0.17)
Fogo e muito bom
M2 - Fri Jun 19, 10:24AM CDT
Companies mentioned in this article: Fogo de Chao (NASDAQ: FOGO), Wingstop (NASDAQ: WING), Fitbit (NYSE: FIT), Chipotle (NYSE: CMG), Shake Shack (NYSE: SHAK), and Source Financial (OTCQX: SRCF)
FIT: 42.10 (-0.15), SHAK: 50.50 (+0.07), RTTR: 4.29 (-0.05), CMG: 639.42 (+12.26), FOGO: 22.74 (+0.19), CAFD: 18.04 (+0.14), BWLD: 167.11 (+3.34), UNVR: 24.90 (-0.01), WING: 34.38 (+1.42), MB: 13.24 (+0.92), CYAD: 52.42 (+3.19)
First Cash expands into the Tar Heel State
M2 - Thu Jun 18, 9:25AM CDT
First Cash Financial Services, Inc. (NASDAQ: FCFS) expands its store base into North Carolina by acquiring the assets of a 25-store chain of large format pawnshops, with 24 locations in North Carolina and one in Virginia. The additional store in Virginia, as well as the two Kentucky stores it acquired in a separate transaction, will complement and expand its existing presence in those states. First Cash stated that "the acquired stores, all of which have significant retail operations and make pawn loans on a wide array of general merchandise collateral, to become accretive to earnings by the end of 2015."
FCFS: 48.19 (+1.34)
Next Level Offering News
M2 - Wed Jun 17, 11:34AM CDT
Companies mentioned; Energen (NYSE: EGN), Azure Midstream Partners (NYSE: AZUR), and Source Financial (OTCQX: SRCF)
EGN: 61.72 (-0.75), AZUR: 13.21 (+0.15)
Botox Injection for Kythera
M2 - Wed Jun 17, 9:47AM CDT
Companies mentioned; Kythera Biopharmaceuticals (NASDAQ: KYTH), Allergan (NYSE: AGN), Source Financial (OTCQX: SRCF), T-Mobile U.S. (NASDAQ: TMUS), Comcast (NASDAQ: CMCSA) and Bob Evans Farms (NASDAQ: BOBE)
AGN: 312.13 (+8.03), KYTH: 74.70 (-0.05), BOBE: 51.19 (+0.69), TMUS: 39.03 (+0.26), CMCSA: 63.19 (+1.18)
Aerie Pharmaceuticals rides its Rocket higher
M2 - Tue Jun 16, 11:43AM CDT
Companies mentioned; Natural Health Trends Corp. (NASDAQ: NHTC), Source Financial (OTCQX: SRCF), Aerie Pharmaceuticals, Inc. (NASDAQ: AERI), and Twitter (NYSE: TWTR)
NHTC: 37.57 (+1.28), AERI: 17.80 (+0.12), TWTR: 34.91 (+0.55)
Blips, Blurbs and Upgraddes with 2 Ds for that double dose of Market Magic
M2 - Mon Jun 15, 9:27AM CDT
Companies mentioned; Source Financial (OTCQX: SRCF), Twitter (NYSE: TWTR), Lowe's (NYSE: LOW), Home Depot (NYSE:HD), CVS Health (NYSE: CVS) and Target (NYSE: TGT)
HD: 113.10 (+1.72), TGT: 83.91 (+0.87), CVS: 107.44 (+1.74), LOW: 67.85 (+0.83), TWTR: 34.91 (+0.55)
Blips, Blurbs and Upgraddes, with 2 D's for that Double Dose of Market Magic
M2 - Mon Jun 15, 8:49AM CDT
Source Financial (OTCQX: SRCF) and they recently closed an AUD$25 million (approximately USD $20 million) bond offering, which its management committed to use towards their goal of doubling last year's volume, or AUD $500 million in 2015.
HD: 113.10 (+1.72), TGT: 83.91 (+0.87), CVS: 107.44 (+1.74), LOW: 67.85 (+0.83), TWTR: 34.91 (+0.55)
PennTex IPOs for Andrew Jacksons
M2 - Thu Jun 04, 8:40AM CDT
Companies mentioned in this article: PennTex Midstream Partners, LP (NASDAQ: PTXP), Memorial Resource Development Corp. (NASDAQ: MRD), Source Financial Inc. (SRCF) and Prima Biomed (NASDAQ: PBMD)
PBMD: 1.29 (+0.02), JPM: 67.05 (+0.94), MRD: 17.62 (-0.16), WFC: 56.08 (+0.58), PTXP: 18.95 (-0.03)
BioPharmX to uplist to the NYSE MKT, via APO, while PennTex is the next IPO
M2 - Tue Jun 02, 8:26AM CDT
Companies mentioned in this article: BioPharmX Corporation (OTCQB: BPMX), Source Financial Inc. (SRCF), PennTex Midstream Partners, LP (NASDAQ: PTXP), Memorial Resource Development Corp. (NASDAQ: MRD), and Shopify Inc. (NYSE: SHOP)
SHOP: 29.60 (+0.54), MRD: 17.62 (-0.16), BPMX: 2.50 (+0.05), PTXP: 18.95 (-0.03)
Milestone Scientific to trade on the NYSE MKT today and other NLSP Market Insights
M2 - Mon Jun 01, 2:39AM CDT
Companies mentioned in this article: Milestone Scientific Inc. (MLSS), Source Financial Inc. (SRCF), Avago (AVGO), Broadcom (BRCM), Intel (INTC) and Altera (ALTR).
BRCM: 52.06 (+1.41), ALTR: 49.75 (+0.29), INTC: 29.17 (+0.24), MLSS: 3.40 (+0.11), AVGO: 129.84 (+5.16)
Milestone Scientific to Uplist to the NYSE MKT and NLSP Market Insights
M2 - Fri May 29, 8:03AM CDT
Companies mentioned in this article: Milestone Scientific Inc. (MLSS), Source Financial Inc. (SRCF), One Horizon Group Inc. (NASDAQ: OHGI), Axion Power International, Inc. (NASDAQ:AXPW), and Opexa Therapeutics Inc. (NASDAQ:OPXA).
OPXA: 0.44 (-0.01), AXPW: 0.09 (+0.01), MLSS: 3.40 (+0.11), OHGI: 2.70 (+0.08)
One Horizon's Aishuo App could boost Alternative Finance and Payment Platform Space
M2 - Thu May 28, 10:27AM CDT
One Horizon Group (NASDAQ: OHGI) stated that Aishuo, its Chinese retail VoIP service, is now able to support the major Chinese mobile payment platforms including China UnionPay, Alibaba's Alipay and Tencent's Wechat Wallet. The Company initiated its Aishuo rollout to Chinese smartphone users in late February 2015 and, at 3.5 million downloads, is already a quarter of the way to its goal of 15 million new subscribers in the first two years. The move follows $3.3 million private placement, with a single institutional Investor at a fixed price of $2.25 per share.
OHGI: 2.70 (+0.08)
Shopify's off and running
M2 - Thu May 21, 10:19AM CDT
Companies mentioned in this article: Shopify Inc. (SHOP), Banjo and Matilda (BANJ), Source Financial (SRCF), and VistaGen (VSTA)
SHOP: 29.60 (+0.54)
Prosper Marketplace, Funding Circle, and Oportun IPOs could fuel Specialty Finance's Next Leg Up
M2 - Mon May 04, 7:40AM CDT
Specialty Finance is already one of 2015's top 3 performing industries, but recent moves by Prosper Marketplace, Funding Circle and Oportun could fuel the sector's next leg up, as the three are positioning to be the next billion dollar IPOs in the space. Actually, Prosper Marketplace's $165 million funding probably place the company valued closer to $2Billion, placing it between Lending Club's (NYSE: LC) and On Deck Capital's (NASDAQ: ONDK) respective $7 billion and $1 billion market caps.
NEWS: 11.08 (+0.34), LC: 14.05 (-0.15), ONDK: 12.49 (+0.34), CACC: 250.60 (-2.20), FCFS: 48.19 (+1.34)
Source Financial, Inc. (OTCQX: SRCF) Announces Completion in Australia of AUD $25 Million Note Issue by Its Subsidiary Moneytech Finance Pty Ltd
Marketwired - Thu Apr 23, 7:25PM CDT
Source Financial, Inc. (OTCQX: SRCF), a provider of trade and receivables finance in Australia, today announced the completion by its wholly owned subsidiary, Moneytech Finance Pty Ltd ("Moneytech"
Open Minded about Closed Offerings
M2 - Tue Apr 21, 8:44AM CDT
Considering that not long ago shareholders would run away the moment that a company announced a secondary offering, it's great to see that the greater investing public is often embracing this key expansionary tool. The standard operating procedure was to employ a static valuation model, based on the dilution compared to the company's current earnings. However, many investors are now also factoring in the company's reasonable future earnings potential into the equity valuation model.
ESPR: 90.01 (+1.32), CACC: 250.60 (-2.20), FISI: 24.62 (+0.45), BXMT: 28.72 (+0.32), VLTC: 4.77 (+0.11)