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Tesla shares fell as much as 9% on Tuesday just a day after its CEO Elon Musk’s Twitter deal got the green light. Although it received a mixed response from Twitteratis, with Musk’s track record, Twitter seems to be in good hands. Although the wider market is currently feeling the selling pressure, there are a few who suspect that, Elon could start selling some TSLA shares to fund his $21 billion. There is no official source for this – but some market watchers say that, “this is a possibility” and tesla could see a downtrend for some time. Tesla recently…
Shares of DWAC, the special purpose acquisition company (SPAC) planning to merge with former President Donald Trump’s social media platform Truth Social, fell as much as 17% intra-day, after news started circulating claiming that Musk-Twitter deal could happen as early as today. Twitterati was buzzing circulating this news https://twitter.com/VernonForGA/status/1518561531331584000 Elon Musk has offered to buy Twitter for $43 billion, or $54.20 per share, and in an SEC filing last week his bid got more serious after he disclosed that he has received several financial commitment letters from banks and lenders, which would help get the deal done. Monday’s decline is…
Shares of ToughBuilt Industries (NASDAQ: TBLT) fell over 45% on Monday after the company executed its 15 to 1 reverse stock-split. This was part of its plan to regain compliance with the $1 minimum for trading on the Nasdaq exhange. TBLT’s float has turned from 154,300,090 to 1,028,625 after the stock-split on Monday. No fractional shares were issued as part of this conversion. The California based company also posted its earnings recently, matching WallStreet’s revenue estimate with a record $24.6 million. It intends to further grow its business with new product launches this year. https://risingcandle.com/earnings/toughbuild-tblt-shares-surge-post-robust-earnings-results/ With a volume of 589,000 at…
Shares of Nkarta Inc (NASDAQ: NKTX) rockets 100% during premarket trading on Monday after the company reported positive Phase 1 clinical data for two experimental CAR-T therapies. These are Immunotherapy Treatments also known as “engineered natural killer cell therapies”, mimic naturally occurring particles to harness the body’s own immune system, triggered responses and were well tolerated in cancer patients. Both candidates, NKX101 and NKX019, showed such “striking early single-agent activity in heavily pretreated patient populations, with an exceptional safety profile without the side effects associated with CAR T cell therapies,” President and Chief Executive Paul Hastings Three of five patients with pre-treated…
Netflix, the worlds popular streaming service reported its Q1 earnings for the fiscal year 2022 on Tuesday after the market closed. The company announced a loss of 200,000 subscribers in Q1; for the first time in 10 years. The company also forecasted that there are expecting more than 2M loss in Q2. As we are coming out of Covid, this was an expected result; But WallStreet powered by mainstream media don’t want you to believe this. The media powerhouses kept pushing the agenda that, Streaming is the future of movies. Rich Greenfield of LightShed Partners appeared multiple times on the…
Alzheimer’s drug researcher, Cassava Sciences (NASDAQ: SAVA) stock tumbled almost 19% at one point during early market hours on Tuesday after the New York Times published a detailed article relating to the studies of the company’s experimental therapy, Simufilam. Cassava Sciences was a hot stock in 2021, where the stock sky rocketed to a mammoth $134. But ever since hitting the peak the stock has tumbled over 80%. The New York Times article highlighted a report, that on March 30, the scientific journal retracted 5 papers by Dr. Wang, a Cassava adviser. This was followed by a 5-month investigation citing…
Vinco Ventures (NASDAQ: BBIG), filed its much awaited form 10K on Friday. The 157 page report revealed detailed information on what the company’s current status is along with risks involved. At December 31, 2021, we had total current assets of $219,741,467 and current liabilities of $70,089,546 resulting in working capital of $149,651,921. BBIG had total assets worth $405,142,729 and total liabilities worth $271,455,687 resulting in stockholders’ equity of $133,687,042. The Company incurred a net loss of $713,173,000 during 2021 as compared to a net loss of $5,153,000 during 2020, a 13738.8% increase. Out of the $713M, more than $656M loss…
Vinco Ventures (NYSE: BBIG) has announced the date for releasing their Q4 and FY 2021 financial results. Through a press release, the New York based digital company announced that the financial results will be available on Friday, April 15, 2022 after the market closes & the earnings call will be held on Monday, April 18, 2022 at 8:30 a.m. ET to review and discuss the results. Friday, April 15th is Good Friday – Stock Market is closed. So one could just expect a press release from their Investor relations, and this could be the reason why they are holding the…
Vinco Ventures notified the SEC that it requires 10-K filing extension, as its unable to file its Annual Report on Form 10-K for the year ended December 31, 2021 by the March 31, 2022 filing deadline. The reason given was that there has been a delay in completing the financial statements and other disclosures in the Annual Report. As a result of this Vinco Ventures is still in the process of compiling the required information to complete the Annual report. The company also anticipates that it will file the Annual Report no later than the fifteenth calendar day (April 14th,…