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10-23

$CNS Pharmaceuticals, Inc.(CNSP)$ next GNPX

10-03

Good report

AGBA Group + Triller With A Punch From BKFC

09-24

$MicroAlgo, Inc.(MLGO)$ looking good after hours [Grin] [Grin] [Grin]

09-22

Great article, would you like to share it?

Insider trades: Notable buys and sells by significant shareholders, executives and directors

09-20

$VCI Global Ltd.(VCIG)$ looking good

2022-09-29

As always, IPO price goes up then collapse afterwards.

This EV-Charging Stock Has Surged 570% the Last Two Days. What Is Atlis Motor?

2022-09-24

$ADiTx Therapeutics(ADTX)$didn't we just raised $20M, we are selling below cash level

2022-09-24

$50 next week

@Yongkiat:$AMTD Digital Inc.(HKD)$$300 again soon? 😂

2022-09-24

$GigaCloud Technology Inc(GCT)$revisit it's IPO price

2022-09-24

Keep going

@Hanna0207:$Nasdaq100 Bear 3X ETF(SQQQ)$

2022-09-24

Short squeeze?

Sorry, the original content has been removed

2022-09-24

Reverse split may come one day

@Shahfarid:$T2 Biosystems(TTOO)$🚀🚀🚀

2022-09-24

If the Fed raises interest rate in November again, DOW may drop to 26,000 level.

Wall Street Ends Down for Third Day As Growth Concerns Weigh on Tech

2022-09-20

Already traded and dropped below it's IPO price.

@Jason81:$Nexalin Technology, Inc.(NXL)$when open?

2022-09-20

One of the IPO that has suffered huge loss.

Neurostimulation device maker Nexalin stock drops 44% following $10M IPO

2022-09-20

Worth a DD on it

Sorry, the original content has been removed

2022-09-20

New CEO may bring new development

Predictive Oncology announces retirement of CEO Mel Engle

2022-09-18

Good 👍

AIkido Pharma's subsidiary agrees to buy broker-dealer firm

2022-09-18

It will resume uptrend once dilution is done 👍

@Kaexin:$Tonner-One World Holdings, Inc(TONR)$

2022-09-18

Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/CNSP\">$CNS Pharmaceuticals, Inc.(CNSP)$ </a> next GNPX","listText":"<a href=\"https://ttm.financial/S/CNSP\">$CNS Pharmaceuticals, Inc.(CNSP)$ </a> next GNPX","text":"$CNS Pharmaceuticals, Inc.(CNSP)$ next GNPX","images":[{"img":"https://community-static.tradeup.com/news/102e0fc6f92bb22a5be859415c51ff68","width":"1080","height":"3267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363049098060088","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":355926697066880,"gmtCreate":1727905641460,"gmtModify":1727905645151,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Good report&nbsp;","listText":"Good report&nbsp;","text":"Good report","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355926697066880","repostId":"2468856563","repostType":2,"repost":{"id":"2468856563","kind":"highlight","pubTimestamp":1726549585,"share":"https://ttm.financial/m/news/2468856563?lang=&edition=fundamental","pubTime":"2024-09-17 13:06","market":"fut","language":"en","title":"AGBA Group + Triller With A Punch From BKFC","url":"https://stock-news.laohu8.com/highlight/detail?id=2468856563","media":"seekingalpha","summary":"Triller is attempting to conduct a reverse merger with AGBA.The merger will allow Triller to raise capital efficiently, leverage AI and target Gen-Z + Millennials.Triller's diversified portfolio inclu","content":"<html><body><ul><li>Triller is attempting to conduct a reverse merger with AGBA.</li><li>The merger will allow Triller to raise capital efficiently, leverage AI and target Gen-Z + Millennials.</li><li>Triller's diversified portfolio includes the Triller App, Triller One AI solutions, Triller TV, and BKFC, each with unique growth opportunities and valuation potential.</li><li>Despite competition and regulatory risks, the combined entity's synergies and market positioning present a significant upside, with a price target above $4 per share.</li></ul><p><figure><picture> <img fetchpriority=\"high\" height=\"1200px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption><p>Not BKFC fighters, but women do fight!</p> <p>Andreas Kuehn/DigitalVision via Getty Images</p></figcaption></figure></p> <h2><strong>Manole Capital Management</strong></h2> <h2>Triller/AGBA/BKFC</h2> <h2>September 2024</h2> <h3><strong>Introduction:</strong></h3> <p>Triller is a platform that is primarily known in the music and entertainment industry, reaching the top spot in app stores<span> across 79 countries. In 2020, Triller even surpassed its primary competitor, TikTok, in the US app store. As of today, Triller has 450 million user accounts and is preparing for a public listing.</span></p> <p>Within the next few weeks, Triller will hopefully conduct a reverse merger (with a former SPAC listing) called AGBA. Over the next 14-pages, we will discuss the details of each business, our forward-looking outlook, a valuation for each and arrive at a forecasted price target for the combined entity. Based on our analysis, we believe the combined Triller + AGBA is worth $1.8 billion, or $4.80 per share, which would represent a +120% gain from today’s prices (and a near 50% discount to Triller’s Board<span> of Directors independent fair market valuation appraisal.</span></p> <h3><strong>Reverse Merger:</strong></h3> <p>Triller had been trying to conduct an IPO for the last year, but was unable to get listed. Various reasons have been provided for this failure to list, but this reverse merger hypothetically gets them public more quickly and easily.</p> <p>On November 14<sup>th</sup>, 2022, AGBA (<span>NASDAQ:AGBA</span>) began trading as a Nasdaq-listed SPAC (special purpose acquisition company), through a British Virgin Islands incorporation. It merged with TAG Holdings in a business combination agreement to go public. AGBA is a one-stop financial supermarket, positioned to capture the attractive long-term demographics in Hong Kong and Mainland China. However, despite its market leadership, the shares garnered little attention and languished under $1.00 per share.</p> <p>On April 18<sup>th</sup>, 2024, the two companies announced their intention to do a reverse merger. As this price chart shows, the combination of Triller and AGBA triggered a massive rise in the underlying shares.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-17264950614313617.png\"/></span> </picture><figcaption><p>Yahoo chart <span>(Yahoo chart)</span></p></figcaption></figure></p> <p>As the merger is structured as an all-stock transaction, there is no cash exchanged, and the ownership stakes are solely determined through stock allocation. All existing AGBA shares based in Hong Kong will convert into the new company’s shares to maintain an identical number of shares. Based on the price of AGBA pre-announcement of $0.40 per share, it will issue equity valued at $119 million. At the current price, the shares issued to purchase Triller is estimated to be valued at $665 million. Following this reverse merger, possibly slated in late August or early September, the companies will initially trade under the ticker AGBA, and potentially under the ticker ILLR. After the announcement with Triller, the combined stock reached a peak price at $4.15 per share on May 6<sup>th</sup>, 2024, but has now settled in the $2.15 per share range. As we get closer to this transaction finalizing, we anticipate the shares will dramatically rise.</p> <p>From our perspective, the most important aspect of getting Triller publicly traded will be its ability to raise a significant amount of capital. Triller’s CEO is Bobby Sarnevesht, and he stated (in a Los Angeles Times article) that AGBA “is the most efficient route for Triller to access public capital markets and secure liquidity needed for rapid growth.”</p> <h3><strong>A $4 Billion Merger:</strong></h3> <p>As this slide from AGBA's latest investor presentation shows, the combined company is slated to have a market capitalization of $4 billion, as estimated by Triller’s Board of Directors independent valuation. Triller will own 80% of the combined company, implying a valuation of $3.2 billion, while AGBA will own 20% or a $800 million valuation. Once the two companies merge, from our reading of various financial disclosures, Triller will be a surviving entity, as a wholly owned subsidiary under AGBA Delaware.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-17264950556925833.png\"/></span> </picture><figcaption><p>AGBA investor presentation <span>(AGBA investor presentation)</span></p></figcaption></figure></p> <p>As of today, the combined company has a stock price of $2.15 and approximately 372 million shares outstanding, implying a market capitalization of roughly $800 million. To calculate our total number of outstanding shares, we take 239 million common shares of Triller, add 74 million common shares of AGBA and add in the Triller RSUs of 58 million.</p> <p>If one believes the independent valuation conducted on the combined business, this would mean that shareholders would be getting AGBA for $800 and Triller and BKFC for “free”. Clearly, there is a major disconnect between the intrinsic value of the businesses versus the public perception of value. Before we get too detailed about the valuation of each company, let’s discuss the underlying fundamentals and details of each business.</p> <h3><strong>AI (Artificial Intelligence):</strong></h3> <p>Triller is attempting to leverage AI capabilities across all of its platforms. In their SEC filings in 2023 (as they attempted to go public), Triller must have mentioned AI one hundred times. Maybe two hundred!</p> <p>When Triller begins to market themselves and seek broader sell-side analyst coverage, we envision it will attempt to frame its business as driven by AI. With the market’s infatuation with AI right now, that’s not a terrible idea, right? Triller will use AI to better understand user engagement, optimize content distribution, and maximize its revenue streams. That’s certainly their plan, but we need to dive into the details of who Triller is. We won’t spend too much time on AI, but simply highlight that it is captured in Triller One, and its Amplify.ai and Julius businesses.</p> <h3><strong>Demographics:</strong></h3> <p>Triller’s target audience is the growing Gen-Z and Millennials demographic. Clearly, these two groups are frequent users of digital/social platforms and important creators of viral material. These customers are looking for short-form, creative, and interesting video content.</p> <p>Triller stands out from its rivals for several specific reasons. First, its deep integration with music and musicians allows it to create and share content that syncs with musical tracks. This appeals to both aspiring and experienced musicians, as well as music lovers. Second, Triller's celebrity endorsement deals greatly increase the company's reputation and visibility, which further promotes user interaction and platform expansion. We believe Triller’s strength lies in two specific verticals: music and celebrity endorsements.</p> <p>Triller sets itself apart from other social media applications based on its musical capabilities such as AI music videos, a large library from different record labels, and features that support artists. Music lovers have useful tools for artists’ promotion and monetizing as they receive powerful video editing tools. The engagement with artists and exclusivity paired together with a strong focus on music related content and interactive features are Triller’s key selling points for music lovers and producers alike.</p> <h3><strong>Social Media:</strong></h3> <p>The global social media industry is estimated to be worth over $250 billion in 2024, up nearly 15% annually. In fact, the entertainment industry is projecting its valuation to grow by another 13% per year to $413 billion by 2028.</p> <p>Can Triller capture a share of the social media market? Can it leverage its strengths to take on market leader TikTok? Could US government intervention force ByteDance to sell its controlling stake in TikTok, benefitting Triller? Let’s try to address each one of these questions.</p> <h3><strong>Who is Triller?</strong></h3> <p>Triller has four main segments:</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-17264950564413908.png\"/> </picture><figcaption><p>AGBA investor presentation <span>(AGBA investor presentation)</span></p></figcaption></figure></p> <p>The <em><strong>Triller App</strong></em> is for short-form social videos, similar to TikTok <em><strong>Triller One</strong></em> is their SaaS (software-as-a-service) and AI solution <em><strong>Triller TV</strong></em> is a long form streaming sports and events platform <strong>BKFC (Bare Knuckle Fighting Championship)</strong> is a market leading combat sport league</p> <h3><strong>Triller One:</strong></h3> <p>Before we discuss the Triller App, we thought we would briefly highlight <em>Triller One.</em> This is their SaaS business and Triller’s primary AI capabilities. In this segment, Triller combines Amplify.ai and their Julius businesses. Amplify.ai was acquired in December 2021 and then Triller internally developed its Cliqz and CrossHype offerings. Julius was acquired in November 2022 and is a SaaS (software-as-a-service) solution used by marketers, brands and advertising agencies.</p> <p>Amplify.ai is Triller’s agnostic AI solution, and it is embedded inside of virtually every major social media network. It claims to execute over 500 million transactions each quarter, but we are unable to understand the profitability of each of those transactions. This product enables content creators to connect directly with their audiences, spotlighting the content across a broad range of social media sites. It measures audience engagement with the content and helps monetize this content through personalized user experiences. Amplify.ai automates SMS text messages between content creators, brands and their audience using proprietary artificial intelligence technology. As Triller goes public, we envision learning more details about Amplify.ai and Triller’s specific AI revenue model.</p> <p>Julius is the “bridge” that connects Triller’s 2.2 million influencers and content creators with roughly 25,000 different brands. It facilitates marketing engagements. Once again, we are unable to fully appreciate how profitable this business could become, until we get additional metrics, details, etc. We look forward to understanding this business in further detail, as Triller becomes a publicly traded entity.</p> <p>In terms of valuing this business, we can only hypothesize on its value. Can Triller monetize these 2 billion annual AI transactions to the tune of a penny per transaction? That would equate to $20 million a year in revenue. Could it generate $0.05 per transaction? That would be $100 million of revenue. We obviously don’t know the profitability of these AI transactions, but we guesstimate that this business could be valued at $50 million to $100 million. We imagine that Triller’s independent valuation expert likely had it significantly higher, but without specific metrics, we cannot assign it a valuation much higher than this.</p> <h3><strong>The Triller App:</strong></h3> <p>We view the Triller App as the platform or medium connecting 2.2 million content creators (influencers, artists, musicians, athletes, brands, etc.) to consumers. It has an enormous reach, stated at 450 million users, but we have doubts about this sizable metric. We would love to know how many of these users are “active”, meaning they have logged on and interacted with the platform in the last month or quarter. From our perspective, this is a more valid and valuable metric. A year ago, Triller stated that it had 550 million lifetime sign-ups, but a market intelligence firm (Apptopia) called that number into question. A year ago, Apptopia estimated that Triller had been downloaded just 73 million times since its launch in 2015.</p> <p>Triller’s list of content creators, celebrities, partnerships and influencers is impressive. In our opinion, we view Triller’s core competency to be in the music category. It has the ability and optionality to bring emerging artists to a wider and global audience.</p> <h3><strong>Brand examples:</strong></h3> <p>McDonald's, Pepsi, Walmart, L’Oréal, Puma, Charmin and MLB</p> <h3><strong>Celebrity examples:</strong></h3> <p><strong>Snoop Dogg</strong>: He was arguably the biggest star (not competing) in the Paris ’24 Summer Olympics. He has performed at Triller events but also served as a commentator during some of its boxing matches. His involvement has brought a lot of attention to the platform.</p> <p><strong>Justin Bieber</strong>: Bieber has performed on Triller's platform, including a high-profile New Year's Eve concert in 2020.</p> <p><strong>Lil Wayne:</strong> The rapper has promoted his music and participated in events on Triller, adding to the platform's appeal in the hip-hop community.</p> <p><strong>Charli &amp; Dixie D’Amelio:</strong> Although they rose to fame on TikTok, these popular social media personalities have also posted content on Triller, leveraging their massive following to bring attention to the platform.</p> <p><strong>The Weeknd:</strong> Triller has featured exclusive music releases and content from artists like The Weeknd, further bolstering its presence in the music industry.</p> <h3><strong>Competition:</strong></h3> <p>Its most valid competitor is TikTok, which is also not publicly traded (owned by Chinese company ByteDance). In addition, we would argue that Triller competes with Meta-owned Instagram Reels, Snapchat and Google/Alphabet’s YouTube. These three publicly traded companies have a combined market cap of approaching $3.5 trillion, so Triller’s competitors are clearly well-funded.</p> <p>Triller differentiates itself from competitors by operating an “open garden”. This essentially means that Triller is not the sole seller of advertising within or around this social content. Triller content creators can distribute their content across any platform, building lasting and durable customer relationships and monetization opportunities.</p> <p>Triller generates revenue in this area through revenue sharing agreements and service fees. On the revenue sharing front, Triller earns a percentage of advertising fees, premium content, events, pay-per-view fees, subscription sales and merchandise sales. In terms of service fees, Triller earns revenue from brand and campaign fees, transaction fees, monthly subscriptions and SaaS fees.</p> <h3><strong>Legal:</strong></h3> <p>The legal climate surrounding TikTok could be a game-changer. It appears that Congress is looking to force TikTok’s Chinese parent company (ByteDance) to sell its stake in the next 9 months, or face being banned. We still need additional information about how this would occur, but it clearly provides Triller with an opening. TikTok is appealing the ruling, and the case is currently in the court system, creating uncertainty about the future of TikTok and its parent company.</p> <p>Triller may be able to leverage this chance to establish itself as a significant alternative. In this case, Triller might be able to gain a sizable chunk of TikTok's user base, strengthening its position in the market. In fact, Triller has already set-up a process that allows for TikTok users to transfer their data to Triller, if TikTok is banned. The app’s growing user base, and the fact that it is a US-based company, might allow Triller to capitalize on a potential TikTok ban.</p> <h3><strong>Risk:</strong></h3> <p>The social media and entertainment industries are extremely competitive, and Triller facing much larger and well-capitalized competitors. There is intense competition for users' attention and advertising revenue. The success of Triller will largely depend on its ability to differentiate itself from competitors and attract a loyal user base.</p> <p>In addition, Triller is subject to a variety of legal requirements in various jurisdictions. These obligations include advertising standards, content controls, and laws pertaining to data protection. Can Triller create an infrastructure to properly maintain these stringent requirements, laws and rules? As of today, we aren’t sure its management team is capable of navigating these rough waters.</p> <h3><strong>Valuation of Triller’s App:</strong></h3> <p>We don’t have enough information right now to value Triller’s App on its financials. However, we can place a value on its users, accounts and opportunity. In our opinion, we believe that Triller is worth $1 billion. How do we arrive at that price? We believe it is worth roughly $2.25 per account.</p> <p>Let’s examine some of the other comps we listed earlier. Meta, including Facebook and Instagram, has nearly 4 billion monthly active users, generating over $30,000 in revenue per account. We can calculate a P/E, EV to EBITDA, P/FCF and other traditional valuations on Facebook, but we can also back into a valuation per MAU (monthly active account). With an enterprise value of over $1.35 trillion, each MAU at Facebook is worth $325. Now, Facebook generates significant revenue and profits off of each user, but it is much more developed and established than a Triller account. Can Triller accounts be worth 1/100 <sup>th</sup> of a Facebook account? That would imply a Triller App valuation of $1.5 billion ($3.25 x 450 million). We don’t think this is entirely off base. Snap isn’t particularly profitable and has roughly 800 million MAUs. Based off of 2023 results, Snap is getting a valuation of roughly $25 per account. Could Triller get 1/10<sup>th</sup> of Snap’s value per account? Once again, that would be $2.50 per account on 450 million users or $1.1 billion.</p> <h3><strong>Triller TV:</strong></h3> <p>The 3<sup>rd</sup> pillar of Triller is its broadcasting or TV platform. Triller TV ranks as one of the largest combat sports apps and is among the fastest-growing global content companies. FITE TV, which Triller owns, rebranded to Triller TV in December 2023. A FITE+ subscription costs $7.99 per month, offering viewers a wide range of content including boxing, MMA, BKFC, wrestling and even slap fighting. It’s a one-stop shop for everything violent (we love it!).</p> <p><figure contenteditable=\"false\"><picture> <img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-17264950621019332.jpeg\"/> </picture><figcaption><p>AGBA investor presentation <span>(AGBA investor presentation)</span></p></figcaption></figure></p> <p>Triller entered the combat sports space in November 2020, when it financed and hosted a boxing match between former heavyweight champion Mike Tyson and former light heavyweight and middle weight champion Roy Jones Jr. This fight included a co-main event between internet celebrity Jack Paul and a retired, former NBA player Nate Robinson. While the fights were uneventful, musical performances by Wiz Khalifa and commentating by Snoop Dogg were enjoyable.</p> <p>While it focuses and specializes on combat sports, Triller TV has recently broadened its content to include lifestyle, fashion and music. It certainly has the potential to broaden its reach outside of combat sports, but we believe its core viewership will be in this attractive, growing segment (males, between 18 and 30). Instead of focusing on a declining linear TV model, Triller TV is an OTT (over-the-top) subscription service. In our opinion, this is much smarter and the way the entire industry is headed. Our analogy is linear tv is like a 10-inch, black and white TV, while OTT apps are 80-inch, 4k experience. There’s no comparison!</p> <h3><strong>Triller TV Valuation:</strong></h3> <p>It is available in 7 million households, and it broadcasts roughly 3,000 events every year. A key component of Triller TV will be it broadcasting BKFC events. In our opinion, the traditional PPV (pay-per-view) model is broken. When there’s a big boxing fight or UFC event, the number of illegal streaming websites is too high to count. Instead of charging an interested fan $100 to watch a fight, we think it is smarter to go the Netflix route.</p> <p>Why not charge $5 per month and allow your interested fans to watch all of your content? Netflix has succeeded by giving their monthly subscribers great content. Could Triller TV get its 5 million households to pay $5 per month for its content? Netflix is able to charge 2x to 3x this amount, but its content costs significantly more to create. This leads Netflix to have EBITDA margins in the low 20’s%. However, its enterprise value per MAU is over $1,100. We think Triller TV could become much more profitable and still generate solid revenue per MAU.</p> <p>In a year or so, we believe that Triller TV could be worth over $100 per MAU (under 1/10 <sup>th</sup> of Netflix). Our $100 per MAU is calculated at 1-year of subscriber revenue ($8 per month x 12). If they can keep pricing stable and eventually get 7 million paying subscribers, that implies a valuation of $700 million. We think a 1-yr payback and valuation is fair, for this exciting content.</p> <p>We think Triller TV could become a “must have” app, broadcasting various shows, events, etc. However, we believe Triller TV’s real strength is combat sports, specifically BKFC. In our opinion, the crown jewel of the Triller franchise is BKFC. It drives user engagement and is the primary source of content for Triller TV and FITE TV.</p> <h3><strong>Bare Knuckle Fighting Championship (BKFC):</strong></h3> <p>Admittedly, we are 100% biased, as we have been a happy investor in BKFC for several years. We believe the best way to understand BKFC is to attend a live fight. We would suggest you sit close to the squared circle (not a standard ring), but don’t wear a white shirt, as you might get some blood on it. Once people experience a BKFC event, they will be sold.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-1726495057110621.png\"/></span> </picture><figcaption><p>AGBA investor presentation <span>(AGBA investor presentation)</span></p></figcaption></figure></p> <p>After attending a BKFC fight, the next thing an analyst must do is understand its management team. To truly appreciate its Founder and CEO, we would suggest you read a detailed article written about Dave Feldman in Rolling Stone Magazine. Stayton Bonner wrote this article, which gives the reader a true appreciation of who Dave Feldman is and what the ultimate opportunity with BKFC is. Click here to read the article.</p> <p>Dave Feldman hosted his first bare knuckle fight in 2011, and this was the first sanctioned bare-knuckle fight since 1889. That’s right! It was over a century between sanctioned bare-knuckle fights. Fast-forward to 2024 and BKFC is hosting fights in 34 states and 9 countries. At a recent BKFC fight in South Florida (at the Hard Rock Casino in Hollywood), the event was sold out with certain tickets priced at over $1,000.</p> <p>As shown in the accompanying chart, BKFC plans to host 60 fights this year across 34 states and 9 countries. By the end of 2027, BKFC believes it will be approved in 48 of our 50 states and be hosting events in 15 countries. We think it is fairly safe to assume that average event attendance will double (from 6,000 to 12,000) over this same time period.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-17264950579706626.png\"/></span> </picture><figcaption><p>BKFC investor presentation <span>(BKFC investor presentation)</span></p></figcaption></figure></p> <p>In 2022, Triller invested in BKFC with the intention to acquire a majority stake. However, after nearly two years, Triller has yet to fully close on its acquisition of BKFC. Since it has not finalized all of its acquisition payments to BKFC, it will not get the 70% to 75% of BKFC it initially planned on owning. Time will tell, but Triller might ultimately own just 50% of BKFC, when this deal with AGBA finally closes.</p> <p>When analyzing BKFC, it is important to look at certain metrics and understand that it is truly in high demand. When valuing BKFC, we will attempt to frame its uniqueness and growth profile, as opposed to traditional cash flow and profitability metrics.</p> <h3><strong>Here are some interesting bullets / facts on investing in sports, leagues and specifically BKFC:</strong></h3> <ul> <li>There are a growing number of investors and a limited supply of teams and league ownership opportunities.</li> <li>Sports teams are hard assets to value, as fandom typically overtakes strict dollars and cents economics</li> <li>Recently, Sportico’s 2024 NFL rankings assigned a value of over $10 billion to the Dallas Cowboys</li> <li>This is over 70x what Jerry Jones paid for it in 1989 at $140 million</li> <li><span>At the time, Jerry Jones was laughed at and mocked for grossly overpaying</span></li> <li><span>In April 2024, Forbes estimated the value of the New York Yankees to be at $7.5 billion</span></li> <li><span>In 1973, George Steinbrenner purchased the Yankees for $8.8 million (just an 850x return over 50 years)</span></li> <li>Returns aren’t necessarily year to year, but rather come in the form of a massive return when an owner sells</li> <li>Instead of 32 teams in its league, each with a different valuation, BKFC is ownership in the actual league</li> <li>It’s the equivalent of owning shares in the NFL, NBA, MLB or the NHL and not an individual team</li> <li>The league has costs to put on great fights, between paying its fighters and hosting events</li> <li>When a league signs a media rights deal, the league profits, and then money trickles down to each team</li> <li>If you have desirable content, leagues can earn enormous money from media rights deals</li> <li>Amazon Prime Video will show one NFL playoff game this year and it paid the NFL $120 million</li> <li>BKFC presents an immense opportunity for investors of Triller shares</li> </ul> <h3><strong>Competitors:</strong></h3> <p>BKFC also competes against prominent combat sports organizations like the UFC, Bellator, and ONE Championship. The combat sports market is dominated by the UFC, due to its wide fighter roster and its global media presence. We believe that BKFC is the #2 combat sports league.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-1726495058808023.png\"/></span> </picture><figcaption><p>BKFC investor presentation <span>(BKFC investor presentation)</span></p></figcaption></figure></p> <p>UFC is owned and operated by <a href=\"https://laohu8.com/S/TKO\">TKO Group Holdings</a>, a majority owned subsidiary of Endeavor Group. It held its first fight in 1993 (Denver, CO) and it did over $1.3 billion in revenue last year. It has a 5-year domestic media rights agreement with ESPN for $1.5 billion.</p> <p>UFC was purchased by Frank and Lorenzo Fertitta in 2001, after it had financial issues. Their company (called Zuffa) was sold in 2016 to Endeavor (owners include Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital) for over $4 billion. In 2021, Endeavor bought out the remaining Zuffa owners for another $1.7 billion, Finally, in September 2023, Endeavor Group merged with the wrestling league WWE to form TKO Group Holdings. Vince McMahon serves as its executive Chairman and Dana White serves as the UFC President. The entire organization is estimated to be valued at $12 to $15 billion.</p> <p>UFC and Bellator control a large portion of the combat sports industry, which include boxing and mixed martial arts. In order to draw spectators and sponsors, BKFC will need to carve out a distinctive niche. Fighting in the ring is hard, but so too is competing against leagues like the UFC. For example, many UFC and boxing fights occur in Las Vegas, the mecca for combat sports. Why has BKFC failed to get sanctioned for bare knuckle fighting in Nevada, when dozens of other states have approved it? Is UFC and its leader (Dana White) strong-arming and preventing the sanctioning body in Nevada from approving bare knuckle fighting?</p> <h3><strong>Stars:</strong></h3> <p>Besides the cost of putting on an event, BKFC needs to pay its fighters. One of the positives (from a fighter’s point of view) is that BKFC apparently pays significantly more than the average UFC fighter. As the entity that pays to put on the fights, this is an expense that BKFC needs to bear.</p> <p>Right now, the highest profile fighter in BKFC’s roster is Mike Perry. We do not have exact per fight payouts for him, but he did reportedly sign a $8 million contract with BKFC (we think it is safe to assume that each fight earns Perry $500,000 to $1 million).</p> <p>Possibly, the largest combat sport star in the world is Conor McGregor. Despite not fighting in several years, McGregor is the biggest pay-per-view draw in MMA (mixed martial arts), with the five highest-selling UFC events in its history. His fight versus Khabib Nurmagomedov at UFC 229 drew over 2.4 million pay-per-view buys (the most ever for an MMA fight). In 2021, Forbes ranked McGregor as the world’s highest-paid athlete, earning a reported $180 million. He has endorsement and brand deals with Beats by Dre, Monster Energy, Reebok, Bud Light, and Burger King. He launched in 2018 an Irish Whiskey named Proper Twelve and apparently sold it in 2021 to Proximo Spirits for $600 million. Continuing in the alcohol space, in 2021, McGregor launched Forged Irish Stout. We’ve had it and it’s quite good! In April of this year, McGregor invested in the BKFC and became a shareholder. We don’t have his specific cost basis, but the impact of McGregor’s involvement has been noticeable. While we don’t expect McGregor to ever fight in a BKFC event, it could eventually happen. His biggest impact is promotional activity, announcing and generally growing the BKFC brand. As Dave Feldman said, when McGregor invested, “it’s just going to move the needle for us”. McGregor can bring added attention, push new advertising and sponsorship deals, as well as simply broaden BKFC’s global reach. We think his addition to the BKFC team is a great opportunity.</p> <h3><strong>Risks:</strong></h3> <p>BKFC does have risks, which can be summed up with two points. The first is growth capital. Will Triller give BKFC enough capital to allow it to grow and meet its potential? We believe the reverse merger with AGBA will provide the necessary funding. The second risk is regulatory. Athletic commissions and other regulating authorities have strict oversight over combat sports, as they attempt to protect fighter safety and the sport's integrity. These rules must be followed, and breaking them could result in penalties, sanctions, or even the suspension. This is often regulated on a state-by-state basis. For example, why is BKFC licensed to operate in 34 states, but cannot get approved in Nevada? Is UFC influencing Nevada regulators to keep BKFC out?</p> <p>By combining each of their strengths, the merged entity will be able to scale up market expansion, develop advanced monetization abilities, and even pursue strategic acquisitions/partnerships. These synergies will drive exponential growth across all of their businesses, from social media to FINTECH. BKFC's inclusion in Triller's portfolio involves integrating a social media and entertainment platform with a combat sports company's brand and operations. We believe that Triller’s platform will allow the combined businesses to leverage specific synergies.</p> <h3><strong>BKFC Valuation:</strong></h3> <p>We don’t have visibility into specific BKFC event profitability, but we do understand some of the metrics driving BKFC’s business. In 2022, BKFC’s revenue was $11 million, and it is projected to be at $35 million by the end of 2024 (over 200% growth). BKFC is estimating $65 million of revenue in 2025, which is up 85% and nearly 5x revenue from a couple of years ago.</p> <p>As it grows its fighters, number of events and sport, we believe that BKFC will become quite profitable. It is still in its high-growth phase, but we believe BKFC can ultimately generate operating margins of 25% to 30%. At this point, we can’t assign a P/E or EV to EBITDA multiple on BKFC, but we can use its closest comp (UFC) as a benchmark. While we hate using revenue multiples, UFC is trading at roughly 12x. If BKFC can deliver $65 million in revenue next year, we think it could be valued at 8x to 10x. That implies a valuation exceeding $500 million and possibly approaching $650 million. This valuation is assuming that BKFC’s revenue continues to rapidly increase. In the Rolling Stones article (attached above), it mentions a modest valuation of BKFC at $411 million. With the capital, it will receive from Triller to grow its franchise and increasing publicity from fighters like Conor McGregor, we think BKFC is fairly valued at $600 million. We would like to mention that they are not currently profitable due to still holding debt. However, we believe this will change in the coming years, especially with their newly announced FuboTV deal.</p> <h3><strong>Triller &amp; BKFC Management:</strong></h3> <p>In our opinion, a key investment characteristic is the ability of management to properly allocate capital. When it comes to financial companies, this is probably one of the most important aspects of success or failure. When there is consolidation or acquisitions involved, management is critical to understand. Does this management team have the experience to handle an acquisition of this size? How will various cultures and locations be properly integrated? Both the acquisition of the majority stake in BKFC, as well as the integration of Triller and AGBA will present significant integration difficulties. A seasoned management team could handle this transition, but we haven’t had the opportunity to see Triller’s management team in action.</p> <p>We have had conversations with Prem Parameswaran, who <em>was</em> the acting CFO of Triller, but he left the company in July 2024. We have spoken with Ryan Kavanaugh, but his role is unclear at this time. Over the last year, we have spoken with Bobby Sarnevesht, and it is clear that he has taken the leadership mantle for the Triller business. We have known Dave Feldman for a few years and believe he is the perfect person to take BKFC to the next level. However, he needs to grow the BKFC franchise, and only time will tell if Triller provides that necessary capital. As it relates to AGBA, we have spoken with Bob Diamond but are still unclear as to his future day-to-day involvement. Lastly, we have spoken with Mark Carbeck, who, we believe, will become the company’s CFO going forward. We have spoken with numerous members of the former and existing Triller team, but we still need to see them execute a focused game plan and deliver shareholder value.</p> <p>Their challenge is immense, and success is in their hands. We will see if they are up to the task, as these types of consolidating activities require careful preparation and execution. When there are various cultures at each division, it could present a problem. Unique corporate cultures and management styles can lead to internal company conflicts. It is essential to ensure seamless integration, while preserving business continuity.</p> <h3><strong>Triller’s Stand-Alone Valuation:</strong></h3> <p>Triller’s unique position in the rapidly evolving fields of social media, digital entertainment, AI technology and combat sports is unique. If we add AGBA to the mix, we don’t think there is a valid peer or comparable. This is why we believe it is necessary to value each business separately and arrive at a sum of the parts.</p> <p>We have laid out a valuation of the <em><strong>Triller App</strong></em> at $1.1 billion, the <em><strong>AI businesses</strong></em> at $$75 million, <em><strong>Triller TV</strong></em> at $700 million and <em><strong>BKFC</strong></em> at $600 million. We don’t know the ownership stake that Triller has in BKFC, but we will simply assume it is 55%. That implies their ownership position in BKFC is worth $330 million. Summing all of the Triller diverse portfolio of assets together, we arrive at a valuation of $2.1 billion, or $5.65 per share. For our Triller-specific price target, and to be conservative in our valuation, we will discount our target by another (25%). This equates to a valuation of Triller assets of $1.6 billion or $4.25 per share; roughly ½ of the Board’s $3.2 billion appraisal. Now that we have arrived at a decent understanding of Triller, its businesses and a price target, let’s turn our attention to AGBA and how Triller is finally getting public.</p> <h3><strong>FINTECH:</strong></h3> <p>We believe a FINTECH company is <em><strong>“anything utilizing technology to improve an established process.”</strong></em> From our perspective, AGBA’s digital distribution platform is the definition of using technology to improve the traditional financial services industry. We were not aware of AGBA before this transaction but have done extensive work trying to understand its business and operating model.</p> <p>At Manole Capital, we focus on the FINTECH sector but tend to spend the majority of our time on US-based companies. We have no exposure to the Hong Kong or Chinese markets (as far as direct corporate ownership), so we’ve never analyzed AGBA or its prior results. Let’s dive into their details….</p> <h3><strong>Who is AGBA?</strong></h3> <p>AGBA is a financial services company based in Hong Kong that serves more than 400,000 clients. AGBA conducts business as a B2B (business to business), as well as a B2C (business to consumer) model. It has 1,600 financial advisors distributing financial and healthcare products on its platform, and it considers itself a “one-stop financial supermarket”. This type of model has not been terribly successful in the US, but it does have precedent in Asian markets (i.e., Tencent and Alibaba).</p> <p>Looking at AGBA’s business model, we do not see the need to extend outside of their core markets of Hong Kong and Mainland China. The opportunity is quite large in their existing footprint. AGBA considers the GBA (Greater Bay Area) their main marketplace and the opportunity is immense. This specific area is 13% of the Chinese economy, all within a 2-hour living circle. This GBA area is estimated to have a ’23 GDP of over $2 trillion (similar to New York and Tokyo) and over 86 million people. In addition, over 30% of Hong Kong and Mainland China’s population will be older than 65 years old by the year 2050 and will need the products that AGBA sells. Lastly, Mainland Chinese typically do not have access to many of the products and choices that AGBA offers. It intends to market directly to Chinese clients, from its Hong Kong-based subsidiaries, through various referrals and partnerships. These attractive demographics provide AGBA will ample tailwinds to succeed, which gives their management comfort projecting aggressive sales targets and projections.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/9/16/40131366-1726495059511382.png\"/></span> </picture><figcaption><p>AGBA investor presentation <span>(AGBA investor presentation)</span></p></figcaption></figure></p> <p>AGBA’s has four different businesses or pillars.</p> <p>These four areas are:</p> <ol> <li>Distribution,</li> <li>Platform,</li> <li>FINTECH, and</li> <li>Healthcare</li> </ol> <p>The largest revenue pillar is <em><strong>Distribution</strong></em>, which accounts for over 90% of AGBA’s ’23 revenue. There are 1,200 consultants in this business, which represents the largest IFA (independent financial advisor) in Hong Kong. It acts as a licensed insurance broker and registered MPF (mandatory provident fund). Essentially, AGBA’s advisors and consultants sell a complete range of financial planning and wealth management products, like life insurance, savings accounts, mortgages, etc. It earns its fees through traditional commissions, and life insurance represented 94% of AGBA’s products sold last year.</p> <p>The second revenue pillar is AGBA’s <em><strong>One Platform</strong></em> business. Through this matching platform, AGBA acts a financial supermarket providing over 1,800 different financial products. Banks, brokers, family offices, and other IFAs can utilize AGBA’s platform to sell financial services to their clients. Financial disclosures state that there are 90 insurance providers selling 1,152 products and 53 asset managers selling another 1,137 products on the platform. For this access, AGBA earns platform fees.</p> <p>The <em><strong>Healthcare</strong></em> business is AGBA’s 3<sup>rd</sup> revenue pillar, and it is primarily a 4% stake in HCMPS (reported as a minority investment). The operating business is Dr Jones Fok &amp; Associates Medical Scheme Management but is commonly known in its marketplace as JFA. It was founded in 1979, and it has a network of over 800 doctors in Hong Kong and Macau. It provides cost-effective healthcare to over 280 corporations and 300,000 members. In addition, AGBA has made numerous investments into its healthcare franchise.</p> <p>The last pillar for AGBA is their <em><strong>FINTECH</strong></em> business, which is essentially a few minority stakes in growing FINTECH companies.</p> <h3>Key investments that AGBA has made are:</h3> <p>Tandem (UK app-based bank), with AGBA buying a 4.5% equity stake for $27.9 million in 2018 Goxip (Hong Kong fashion media platform), where AGBA purchased a 3.6% stake Zai (peer-to-peer F/X marketplace), that AGBA bought an 8.4% stake for $7.8 million</p> <h3><strong>Risks:</strong></h3> <p>While the combined company might state that AGBA will leverage Triller’s AI and data to expand into the US market, we do not put much credence on that opportunity. We view financial services as very local, meaning that financials tend to do well in their “home market”. While Citi has pushed into some non-US markets with success, the majority of large US financial institutions tend to stay US-focused. Rules and regulations differ dramatically between countries, and it is very hard to take a financial company global. It is just remarkably hard to pull off…</p> <h3><strong>Management Team:</strong></h3> <p>We haven’t spoken to any of AGBA’s management team, but public filings give us a sense of their backgrounds. It appears most started working at AGBA in November 2022 and came from various financial institutions. AGBA has been led by Ng Wing-Fai (age 56), who has served as CEO and Chairman since November 2022. Prior to joining AGBA, Ng was a Managing Director at Salomon Smith Barney and the Head of its FIG group. Ng graduated from the University of Cambridge and holds an MBA from Harvard University. Mr. Desmond Shu Pei Huang (age 50) is the CFO of AGBA, and he has over 20 years of experience in the financial services industry (working for firms like Primus Holdings in Hong Kong and DRB-HICOM Berhad in Malaysia). The COO of AGBA is Ms. Almond Wong Suet Fai (age 53) and she has over 20 years of experience at firms like AXA, Sun Life Financial, Hutchison Ports, CSL Telecommunications and Wyeth.</p> <h3><strong>Financials:</strong></h3> <p>According to AGBA financial disclosures, they expect that profits will begin to turn around in 2024 and 2025, with positive profits across all four of their businesses. While specific numbers have not been provided for this potential turnaround, AGBA will need to focus on substantially cutting down its operational costs. In a recent press release, AGBA reported that they have cut down operational costs by 40%, which is a great start. However, they will need to continue implementing stringent cost control measures to improve its bottom line.</p> <p>AGBA is still in its infancy and is impressively growing. Its revenue climbed by +170% in 2022 and then by +74% last year to $54 million. As we look forward, one might expect sales to approach $75 million this year (up nearly +40%). AGBA continues to invest in its business and has not been able to generate free cash flow yet. However, we have seen estimates that it plans to be cash flow profitable by the 4 <sup>th</sup> quarter of 2024. If that occurs, we would imagine that AGBA can scale and bring operating margins towards 15% to 20% in a couple of years.</p> <h3><strong>Valuation of AGBA Standalone:</strong></h3> <p>In terms of valuation, we are going to materially discount AGBA’s stated $800 million target. Valuing AGBA is tricky, as it is still growing its top-line, and it is yet to deliver free cash flow and profitability. We have run a standard DCF on the business, but it is only as good as our inputs (which are definitely guesstimates). We ran a DCF valuation on AGBA with the following hypotheticals and assumptions. For this analysis, we assumed FCF for the next 5 years to be $5 million, $7 million, $10 million, $12 million, and $15 million. These numbers are based on recent AGBA revenue growth trends, but are clearly guesses (we have been given no guidance from management at all). We then used a perpetual growth rate of 3% and an industry standard WACC of 10%. Based on these projected cash flows and assumptions, the estimated DCF valuation of AGBA would be $173 million. As we previously stated, DCFs for a growing company like this is almost useless, so we thought we would attempt to triangulate a valuation another way.</p> <p>Our second attempt to value AGBA was a revenue multiple. Manole Capital <em>hates</em> using revenue multiples on businesses for several reasons. First, our number one priority in investing is free cash flow. We prefer to use FCF yield, P/E and/or EV to EBITDA to value companies. Second, companies using revenue multiples typically have no FCF, so they are forced to find alternative valuation methods. This is why we place very little importance on revenue multiples while conducting valuations.</p> <p>If a DCF won’t work and we hate revenue multiples….we will need to get somewhat creative. If we assign a $25 million value to the <em><strong>Healthcare</strong></em> business, based on the number of corporations and underlying clients it has, we think that is fair. This is a minority equity stake, and it doesn’t flow through to AGBA’s financial statements. Then, we assume that its <em><strong>FINTECH</strong></em> investments are worth $25 million, which is roughly what AGBA paid for them (Tandem Money and Zai) and what their year-end carrying amounts are (on the 2023 10-K). While the <em><strong>Platform</strong></em> business is interesting, it currently has modest revenue (only $5 million in ’23) and no profitability. In fact, this division experienced a (18%) decline in revenues last year. Being generous, we will assign it a valuation of $10 million. This implies that the bulk of the AGBA valuation has to come from its <em><strong>Distribution</strong></em> business. With over $50 million of revenue, an impressive footprint of IFAs, and an open-ended opportunity in Asia, we believe this business is conservatively worth 2x to 3x revenue. This would imply that AGBA is worth roughly $185 million ($25 million + $25 million + $10 million + $125 million).</p> <p>Our guesstimate is at over a (75%) discount to the independent appraisal of $800 million, so we don’t believe we are being aggressive. For a business like AGBA, we can triangulate that we aren’t terribly off base. Now, this $185 million valuation is a far cry from management’s initial take of $800 million (20% of its stated $4 billion target). We’ll just assume that management was placing an optimistic valuation on its business and stating a target or goal. From our perspective, we will assume AGBA’s stand-alone valuation of $200 million, or $0.50 per share. You can clearly dispute any of our calculations (and you would be entirely correct), as we simply do not know too much about the AGBA business. We are simply trying to understand if it has any intrinsic value to the combined entity.</p> <p>To read more about AGBA’s business and its plans with Triller, please click the following link to access an in-depth, 15-page report on AGBA by Edison Group.</p> <h3><strong>Conclusion:</strong></h3> <p>The synergies between Triller, BKFC and AGBA are intriguing. This could become one of the few companies that effectively combines social media, entertainment, and the financial sector. When AGBA announced their reverse merger with Triller, the investor presentation highlighted $4 billion of intrinsic value, implying a share price of $10.75. The market clearly has not assigned a similar valuation to the combined company, as the shares are currently trading at$2.15 per share or $800 million market cap, with 372 million total shares outstanding. As we indicated above, we believe AGBA’s four businesses are worth $185 million and Triller’s four businesses are worth $1.6 billion, implying a total valuation of $1.8 billion or $4.80 per share. This is 45% of the Board’s $4 billion independent valuation assessment, but +120% above today’s stock price.</p> <p>AGBA’s established financial services sector is somewhat unusual to these two businesses, but it had two key benefits. One, it has a public listing, which helps get Triller and BKFC public. Two, AGBA brings necessary capital to assist in growing both the Triller and BKFC brands. The fact that AGBA is probably worth what the entire company is currently trading for, is enticing. In our opinion, this deal strategically merges Triller’s social media platform with a fantastic combat sport, in its early growth development stage. Will the public company keep AGBA going forward? Can AGBA expand the range of the users that can be targeted, especially in the United States and Asian markets? Could it look to spin that business off in a year or two, or even sell it? Is there a way that AGBA can utilize Triller’s AI applications to assist its advisors with financial decisions or content creation?</p> <p>When we reviewed Triller’s latest SEC filings (through September 2023), we noticed $126 million of short-term debt and $46 million of long-term debt. AGBA's balance sheet (December 2023) also reported a net debt of $18.5 million. As of this time, we have no idea on the combined company's debt profile, but we assume it remains above $190.5 million.</p> <p>We believe these are the necessary discussions that will occur post-merger. As of now, the sell-side community has largely ignored Triller and its opportunity. Over the next 3 to 6 months, we envision several Wall Street analysts picking up coverage and setting price targets that are significantly higher than today’s current price. Maybe even the reverse merger with AGBA occurs in September, as their recent proxy vote indicated. We will see, but there’s a lot of optionality with this position, and we like the potential upside once its lists.</p> <h4><strong>Warren Fisher, CFA</strong></h4> <h4>Founder &amp; CEO</h4> <h4>Manole Capital Management</h4> <h4>warren@manolecapital.com</h4> <p><strong> DISCLAIMER:</strong></p> <p><strong>Firm</strong>: Manole Capital Management LLC is a registered investment adviser. The firm is defined to include all accounts managed by Manole Capital Management LLC. <strong>In general:</strong> This disclaimer applies to this document and the verbal or written comments of any person representing it. The information presented is available for client or potential client use only. This summary, which has been furnished on a confidential basis to the recipient, does not constitute an offer of any securities or investment advisory services, which may be made only by means of a private placement memorandum or similar materials which contain a description of material terms and risks. This summary is intended exclusively for the use of the person it has been delivered to by Warren Fisher and it is not to be reproduced or redistributed to any other person without the prior consent of Warren Fisher. <strong>Past Performance:</strong> Past performance generally is not, and should not be construed as, an indication of future results. The information provided should not be relied upon as the basis for making any investment decisions or for selecting The Firm. Past portfolio characteristics are not necessarily indicative of future portfolio characteristics and can be changed. Past strategy allocations are not necessarily indicative of future allocations. Strategy allocations are based on the capital used for the strategy mentioned. This document may contain forward-looking statements and projections that are based on current beliefs and assumptions and on information currently available. <strong>Risk of Loss:</strong> An investment involves a high degree of risk, including the possibility of a total loss thereof. Any investment or strategy managed by The Firm is speculative in nature and there can be no assurance that the investment objective(s) will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. <strong>Distribution:</strong> Manole Capital expressly prohibits any reproduction, in hard copy, electronic or any other form, or any redistribution of this presentation to any third party without the prior written consent of Manole. This presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation. <strong>Additional information:</strong> Prospective investors are urged to carefully read the applicable memorandums in its entirety. All information is believed to be reasonable, but involves risks, uncertainties and assumptions and prospective investors may not put undue reliance on any of these statements. Information provided herein is presented as of December 2015 (unless otherwise noted) and is derived from sources Warren Fisher considers reliable, but it cannot guarantee its complete accuracy. Any information may be changed or updated without notice to the recipient. <strong>Tax, legal or accounting advice:</strong> This presentation is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Any statements of the US federal tax consequences contained in this presentation were not intended to be used and cannot be used to avoid penalties under the US Internal Revenue Code or to promote, market or recommend to another party any tax related matters addressed herein.</p> <div></div> <p>Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AGBA Group + Triller With A Punch From BKFC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAGBA Group + Triller With A Punch From BKFC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4721471-agba-group-plus-triller-punch-from-bkfc><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Triller is attempting to conduct a reverse merger with AGBA.The merger will allow Triller to raise capital efficiently, leverage AI and target Gen-Z + Millennials.Triller's diversified portfolio ...</p>\n\n<a href=\"https://seekingalpha.com/article/4721471-agba-group-plus-triller-punch-from-bkfc\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/200067566/image_200067566.jpg","relate_stocks":{"BK4184":"其它综合性金融服务"},"source_url":"https://seekingalpha.com/article/4721471-agba-group-plus-triller-punch-from-bkfc","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2468856563","content_text":"Triller is attempting to conduct a reverse merger with AGBA.The merger will allow Triller to raise capital efficiently, leverage AI and target Gen-Z + Millennials.Triller's diversified portfolio includes the Triller App, Triller One AI solutions, Triller TV, and BKFC, each with unique growth opportunities and valuation potential.Despite competition and regulatory risks, the combined entity's synergies and market positioning present a significant upside, with a price target above $4 per share.  Not BKFC fighters, but women do fight! Andreas Kuehn/DigitalVision via Getty Images Manole Capital Management Triller/AGBA/BKFC September 2024 Introduction: Triller is a platform that is primarily known in the music and entertainment industry, reaching the top spot in app stores across 79 countries. In 2020, Triller even surpassed its primary competitor, TikTok, in the US app store. As of today, Triller has 450 million user accounts and is preparing for a public listing. Within the next few weeks, Triller will hopefully conduct a reverse merger (with a former SPAC listing) called AGBA. Over the next 14-pages, we will discuss the details of each business, our forward-looking outlook, a valuation for each and arrive at a forecasted price target for the combined entity. Based on our analysis, we believe the combined Triller + AGBA is worth $1.8 billion, or $4.80 per share, which would represent a +120% gain from today’s prices (and a near 50% discount to Triller’s Board of Directors independent fair market valuation appraisal. Reverse Merger: Triller had been trying to conduct an IPO for the last year, but was unable to get listed. Various reasons have been provided for this failure to list, but this reverse merger hypothetically gets them public more quickly and easily. On November 14th, 2022, AGBA (NASDAQ:AGBA) began trading as a Nasdaq-listed SPAC (special purpose acquisition company), through a British Virgin Islands incorporation. It merged with TAG Holdings in a business combination agreement to go public. AGBA is a one-stop financial supermarket, positioned to capture the attractive long-term demographics in Hong Kong and Mainland China. However, despite its market leadership, the shares garnered little attention and languished under $1.00 per share. On April 18th, 2024, the two companies announced their intention to do a reverse merger. As this price chart shows, the combination of Triller and AGBA triggered a massive rise in the underlying shares.   Yahoo chart (Yahoo chart) As the merger is structured as an all-stock transaction, there is no cash exchanged, and the ownership stakes are solely determined through stock allocation. All existing AGBA shares based in Hong Kong will convert into the new company’s shares to maintain an identical number of shares. Based on the price of AGBA pre-announcement of $0.40 per share, it will issue equity valued at $119 million. At the current price, the shares issued to purchase Triller is estimated to be valued at $665 million. Following this reverse merger, possibly slated in late August or early September, the companies will initially trade under the ticker AGBA, and potentially under the ticker ILLR. After the announcement with Triller, the combined stock reached a peak price at $4.15 per share on May 6th, 2024, but has now settled in the $2.15 per share range. As we get closer to this transaction finalizing, we anticipate the shares will dramatically rise. From our perspective, the most important aspect of getting Triller publicly traded will be its ability to raise a significant amount of capital. Triller’s CEO is Bobby Sarnevesht, and he stated (in a Los Angeles Times article) that AGBA “is the most efficient route for Triller to access public capital markets and secure liquidity needed for rapid growth.” A $4 Billion Merger: As this slide from AGBA's latest investor presentation shows, the combined company is slated to have a market capitalization of $4 billion, as estimated by Triller’s Board of Directors independent valuation. Triller will own 80% of the combined company, implying a valuation of $3.2 billion, while AGBA will own 20% or a $800 million valuation. Once the two companies merge, from our reading of various financial disclosures, Triller will be a surviving entity, as a wholly owned subsidiary under AGBA Delaware.   AGBA investor presentation (AGBA investor presentation) As of today, the combined company has a stock price of $2.15 and approximately 372 million shares outstanding, implying a market capitalization of roughly $800 million. To calculate our total number of outstanding shares, we take 239 million common shares of Triller, add 74 million common shares of AGBA and add in the Triller RSUs of 58 million. If one believes the independent valuation conducted on the combined business, this would mean that shareholders would be getting AGBA for $800 and Triller and BKFC for “free”. Clearly, there is a major disconnect between the intrinsic value of the businesses versus the public perception of value. Before we get too detailed about the valuation of each company, let’s discuss the underlying fundamentals and details of each business. AI (Artificial Intelligence): Triller is attempting to leverage AI capabilities across all of its platforms. In their SEC filings in 2023 (as they attempted to go public), Triller must have mentioned AI one hundred times. Maybe two hundred! When Triller begins to market themselves and seek broader sell-side analyst coverage, we envision it will attempt to frame its business as driven by AI. With the market’s infatuation with AI right now, that’s not a terrible idea, right? Triller will use AI to better understand user engagement, optimize content distribution, and maximize its revenue streams. That’s certainly their plan, but we need to dive into the details of who Triller is. We won’t spend too much time on AI, but simply highlight that it is captured in Triller One, and its Amplify.ai and Julius businesses. Demographics: Triller’s target audience is the growing Gen-Z and Millennials demographic. Clearly, these two groups are frequent users of digital/social platforms and important creators of viral material. These customers are looking for short-form, creative, and interesting video content. Triller stands out from its rivals for several specific reasons. First, its deep integration with music and musicians allows it to create and share content that syncs with musical tracks. This appeals to both aspiring and experienced musicians, as well as music lovers. Second, Triller's celebrity endorsement deals greatly increase the company's reputation and visibility, which further promotes user interaction and platform expansion. We believe Triller’s strength lies in two specific verticals: music and celebrity endorsements. Triller sets itself apart from other social media applications based on its musical capabilities such as AI music videos, a large library from different record labels, and features that support artists. Music lovers have useful tools for artists’ promotion and monetizing as they receive powerful video editing tools. The engagement with artists and exclusivity paired together with a strong focus on music related content and interactive features are Triller’s key selling points for music lovers and producers alike. Social Media: The global social media industry is estimated to be worth over $250 billion in 2024, up nearly 15% annually. In fact, the entertainment industry is projecting its valuation to grow by another 13% per year to $413 billion by 2028. Can Triller capture a share of the social media market? Can it leverage its strengths to take on market leader TikTok? Could US government intervention force ByteDance to sell its controlling stake in TikTok, benefitting Triller? Let’s try to address each one of these questions. Who is Triller? Triller has four main segments:   AGBA investor presentation (AGBA investor presentation) The Triller App is for short-form social videos, similar to TikTok Triller One is their SaaS (software-as-a-service) and AI solution Triller TV is a long form streaming sports and events platform BKFC (Bare Knuckle Fighting Championship) is a market leading combat sport league Triller One: Before we discuss the Triller App, we thought we would briefly highlight Triller One. This is their SaaS business and Triller’s primary AI capabilities. In this segment, Triller combines Amplify.ai and their Julius businesses. Amplify.ai was acquired in December 2021 and then Triller internally developed its Cliqz and CrossHype offerings. Julius was acquired in November 2022 and is a SaaS (software-as-a-service) solution used by marketers, brands and advertising agencies. Amplify.ai is Triller’s agnostic AI solution, and it is embedded inside of virtually every major social media network. It claims to execute over 500 million transactions each quarter, but we are unable to understand the profitability of each of those transactions. This product enables content creators to connect directly with their audiences, spotlighting the content across a broad range of social media sites. It measures audience engagement with the content and helps monetize this content through personalized user experiences. Amplify.ai automates SMS text messages between content creators, brands and their audience using proprietary artificial intelligence technology. As Triller goes public, we envision learning more details about Amplify.ai and Triller’s specific AI revenue model. Julius is the “bridge” that connects Triller’s 2.2 million influencers and content creators with roughly 25,000 different brands. It facilitates marketing engagements. Once again, we are unable to fully appreciate how profitable this business could become, until we get additional metrics, details, etc. We look forward to understanding this business in further detail, as Triller becomes a publicly traded entity. In terms of valuing this business, we can only hypothesize on its value. Can Triller monetize these 2 billion annual AI transactions to the tune of a penny per transaction? That would equate to $20 million a year in revenue. Could it generate $0.05 per transaction? That would be $100 million of revenue. We obviously don’t know the profitability of these AI transactions, but we guesstimate that this business could be valued at $50 million to $100 million. We imagine that Triller’s independent valuation expert likely had it significantly higher, but without specific metrics, we cannot assign it a valuation much higher than this. The Triller App: We view the Triller App as the platform or medium connecting 2.2 million content creators (influencers, artists, musicians, athletes, brands, etc.) to consumers. It has an enormous reach, stated at 450 million users, but we have doubts about this sizable metric. We would love to know how many of these users are “active”, meaning they have logged on and interacted with the platform in the last month or quarter. From our perspective, this is a more valid and valuable metric. A year ago, Triller stated that it had 550 million lifetime sign-ups, but a market intelligence firm (Apptopia) called that number into question. A year ago, Apptopia estimated that Triller had been downloaded just 73 million times since its launch in 2015. Triller’s list of content creators, celebrities, partnerships and influencers is impressive. In our opinion, we view Triller’s core competency to be in the music category. It has the ability and optionality to bring emerging artists to a wider and global audience. Brand examples: McDonald's, Pepsi, Walmart, L’Oréal, Puma, Charmin and MLB Celebrity examples: Snoop Dogg: He was arguably the biggest star (not competing) in the Paris ’24 Summer Olympics. He has performed at Triller events but also served as a commentator during some of its boxing matches. His involvement has brought a lot of attention to the platform. Justin Bieber: Bieber has performed on Triller's platform, including a high-profile New Year's Eve concert in 2020. Lil Wayne: The rapper has promoted his music and participated in events on Triller, adding to the platform's appeal in the hip-hop community. Charli & Dixie D’Amelio: Although they rose to fame on TikTok, these popular social media personalities have also posted content on Triller, leveraging their massive following to bring attention to the platform. The Weeknd: Triller has featured exclusive music releases and content from artists like The Weeknd, further bolstering its presence in the music industry. Competition: Its most valid competitor is TikTok, which is also not publicly traded (owned by Chinese company ByteDance). In addition, we would argue that Triller competes with Meta-owned Instagram Reels, Snapchat and Google/Alphabet’s YouTube. These three publicly traded companies have a combined market cap of approaching $3.5 trillion, so Triller’s competitors are clearly well-funded. Triller differentiates itself from competitors by operating an “open garden”. This essentially means that Triller is not the sole seller of advertising within or around this social content. Triller content creators can distribute their content across any platform, building lasting and durable customer relationships and monetization opportunities. Triller generates revenue in this area through revenue sharing agreements and service fees. On the revenue sharing front, Triller earns a percentage of advertising fees, premium content, events, pay-per-view fees, subscription sales and merchandise sales. In terms of service fees, Triller earns revenue from brand and campaign fees, transaction fees, monthly subscriptions and SaaS fees. Legal: The legal climate surrounding TikTok could be a game-changer. It appears that Congress is looking to force TikTok’s Chinese parent company (ByteDance) to sell its stake in the next 9 months, or face being banned. We still need additional information about how this would occur, but it clearly provides Triller with an opening. TikTok is appealing the ruling, and the case is currently in the court system, creating uncertainty about the future of TikTok and its parent company. Triller may be able to leverage this chance to establish itself as a significant alternative. In this case, Triller might be able to gain a sizable chunk of TikTok's user base, strengthening its position in the market. In fact, Triller has already set-up a process that allows for TikTok users to transfer their data to Triller, if TikTok is banned. The app’s growing user base, and the fact that it is a US-based company, might allow Triller to capitalize on a potential TikTok ban. Risk: The social media and entertainment industries are extremely competitive, and Triller facing much larger and well-capitalized competitors. There is intense competition for users' attention and advertising revenue. The success of Triller will largely depend on its ability to differentiate itself from competitors and attract a loyal user base. In addition, Triller is subject to a variety of legal requirements in various jurisdictions. These obligations include advertising standards, content controls, and laws pertaining to data protection. Can Triller create an infrastructure to properly maintain these stringent requirements, laws and rules? As of today, we aren’t sure its management team is capable of navigating these rough waters. Valuation of Triller’s App: We don’t have enough information right now to value Triller’s App on its financials. However, we can place a value on its users, accounts and opportunity. In our opinion, we believe that Triller is worth $1 billion. How do we arrive at that price? We believe it is worth roughly $2.25 per account. Let’s examine some of the other comps we listed earlier. Meta, including Facebook and Instagram, has nearly 4 billion monthly active users, generating over $30,000 in revenue per account. We can calculate a P/E, EV to EBITDA, P/FCF and other traditional valuations on Facebook, but we can also back into a valuation per MAU (monthly active account). With an enterprise value of over $1.35 trillion, each MAU at Facebook is worth $325. Now, Facebook generates significant revenue and profits off of each user, but it is much more developed and established than a Triller account. Can Triller accounts be worth 1/100 th of a Facebook account? That would imply a Triller App valuation of $1.5 billion ($3.25 x 450 million). We don’t think this is entirely off base. Snap isn’t particularly profitable and has roughly 800 million MAUs. Based off of 2023 results, Snap is getting a valuation of roughly $25 per account. Could Triller get 1/10th of Snap’s value per account? Once again, that would be $2.50 per account on 450 million users or $1.1 billion. Triller TV: The 3rd pillar of Triller is its broadcasting or TV platform. Triller TV ranks as one of the largest combat sports apps and is among the fastest-growing global content companies. FITE TV, which Triller owns, rebranded to Triller TV in December 2023. A FITE+ subscription costs $7.99 per month, offering viewers a wide range of content including boxing, MMA, BKFC, wrestling and even slap fighting. It’s a one-stop shop for everything violent (we love it!).   AGBA investor presentation (AGBA investor presentation) Triller entered the combat sports space in November 2020, when it financed and hosted a boxing match between former heavyweight champion Mike Tyson and former light heavyweight and middle weight champion Roy Jones Jr. This fight included a co-main event between internet celebrity Jack Paul and a retired, former NBA player Nate Robinson. While the fights were uneventful, musical performances by Wiz Khalifa and commentating by Snoop Dogg were enjoyable. While it focuses and specializes on combat sports, Triller TV has recently broadened its content to include lifestyle, fashion and music. It certainly has the potential to broaden its reach outside of combat sports, but we believe its core viewership will be in this attractive, growing segment (males, between 18 and 30). Instead of focusing on a declining linear TV model, Triller TV is an OTT (over-the-top) subscription service. In our opinion, this is much smarter and the way the entire industry is headed. Our analogy is linear tv is like a 10-inch, black and white TV, while OTT apps are 80-inch, 4k experience. There’s no comparison! Triller TV Valuation: It is available in 7 million households, and it broadcasts roughly 3,000 events every year. A key component of Triller TV will be it broadcasting BKFC events. In our opinion, the traditional PPV (pay-per-view) model is broken. When there’s a big boxing fight or UFC event, the number of illegal streaming websites is too high to count. Instead of charging an interested fan $100 to watch a fight, we think it is smarter to go the Netflix route. Why not charge $5 per month and allow your interested fans to watch all of your content? Netflix has succeeded by giving their monthly subscribers great content. Could Triller TV get its 5 million households to pay $5 per month for its content? Netflix is able to charge 2x to 3x this amount, but its content costs significantly more to create. This leads Netflix to have EBITDA margins in the low 20’s%. However, its enterprise value per MAU is over $1,100. We think Triller TV could become much more profitable and still generate solid revenue per MAU. In a year or so, we believe that Triller TV could be worth over $100 per MAU (under 1/10 th of Netflix). Our $100 per MAU is calculated at 1-year of subscriber revenue ($8 per month x 12). If they can keep pricing stable and eventually get 7 million paying subscribers, that implies a valuation of $700 million. We think a 1-yr payback and valuation is fair, for this exciting content. We think Triller TV could become a “must have” app, broadcasting various shows, events, etc. However, we believe Triller TV’s real strength is combat sports, specifically BKFC. In our opinion, the crown jewel of the Triller franchise is BKFC. It drives user engagement and is the primary source of content for Triller TV and FITE TV. Bare Knuckle Fighting Championship (BKFC): Admittedly, we are 100% biased, as we have been a happy investor in BKFC for several years. We believe the best way to understand BKFC is to attend a live fight. We would suggest you sit close to the squared circle (not a standard ring), but don’t wear a white shirt, as you might get some blood on it. Once people experience a BKFC event, they will be sold.   AGBA investor presentation (AGBA investor presentation) After attending a BKFC fight, the next thing an analyst must do is understand its management team. To truly appreciate its Founder and CEO, we would suggest you read a detailed article written about Dave Feldman in Rolling Stone Magazine. Stayton Bonner wrote this article, which gives the reader a true appreciation of who Dave Feldman is and what the ultimate opportunity with BKFC is. Click here to read the article. Dave Feldman hosted his first bare knuckle fight in 2011, and this was the first sanctioned bare-knuckle fight since 1889. That’s right! It was over a century between sanctioned bare-knuckle fights. Fast-forward to 2024 and BKFC is hosting fights in 34 states and 9 countries. At a recent BKFC fight in South Florida (at the Hard Rock Casino in Hollywood), the event was sold out with certain tickets priced at over $1,000. As shown in the accompanying chart, BKFC plans to host 60 fights this year across 34 states and 9 countries. By the end of 2027, BKFC believes it will be approved in 48 of our 50 states and be hosting events in 15 countries. We think it is fairly safe to assume that average event attendance will double (from 6,000 to 12,000) over this same time period.   BKFC investor presentation (BKFC investor presentation) In 2022, Triller invested in BKFC with the intention to acquire a majority stake. However, after nearly two years, Triller has yet to fully close on its acquisition of BKFC. Since it has not finalized all of its acquisition payments to BKFC, it will not get the 70% to 75% of BKFC it initially planned on owning. Time will tell, but Triller might ultimately own just 50% of BKFC, when this deal with AGBA finally closes. When analyzing BKFC, it is important to look at certain metrics and understand that it is truly in high demand. When valuing BKFC, we will attempt to frame its uniqueness and growth profile, as opposed to traditional cash flow and profitability metrics. Here are some interesting bullets / facts on investing in sports, leagues and specifically BKFC:  There are a growing number of investors and a limited supply of teams and league ownership opportunities. Sports teams are hard assets to value, as fandom typically overtakes strict dollars and cents economics Recently, Sportico’s 2024 NFL rankings assigned a value of over $10 billion to the Dallas Cowboys This is over 70x what Jerry Jones paid for it in 1989 at $140 million At the time, Jerry Jones was laughed at and mocked for grossly overpaying In April 2024, Forbes estimated the value of the New York Yankees to be at $7.5 billion In 1973, George Steinbrenner purchased the Yankees for $8.8 million (just an 850x return over 50 years) Returns aren’t necessarily year to year, but rather come in the form of a massive return when an owner sells Instead of 32 teams in its league, each with a different valuation, BKFC is ownership in the actual league It’s the equivalent of owning shares in the NFL, NBA, MLB or the NHL and not an individual team The league has costs to put on great fights, between paying its fighters and hosting events When a league signs a media rights deal, the league profits, and then money trickles down to each team If you have desirable content, leagues can earn enormous money from media rights deals Amazon Prime Video will show one NFL playoff game this year and it paid the NFL $120 million BKFC presents an immense opportunity for investors of Triller shares  Competitors: BKFC also competes against prominent combat sports organizations like the UFC, Bellator, and ONE Championship. The combat sports market is dominated by the UFC, due to its wide fighter roster and its global media presence. We believe that BKFC is the #2 combat sports league.   BKFC investor presentation (BKFC investor presentation) UFC is owned and operated by TKO Group Holdings, a majority owned subsidiary of Endeavor Group. It held its first fight in 1993 (Denver, CO) and it did over $1.3 billion in revenue last year. It has a 5-year domestic media rights agreement with ESPN for $1.5 billion. UFC was purchased by Frank and Lorenzo Fertitta in 2001, after it had financial issues. Their company (called Zuffa) was sold in 2016 to Endeavor (owners include Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital) for over $4 billion. In 2021, Endeavor bought out the remaining Zuffa owners for another $1.7 billion, Finally, in September 2023, Endeavor Group merged with the wrestling league WWE to form TKO Group Holdings. Vince McMahon serves as its executive Chairman and Dana White serves as the UFC President. The entire organization is estimated to be valued at $12 to $15 billion. UFC and Bellator control a large portion of the combat sports industry, which include boxing and mixed martial arts. In order to draw spectators and sponsors, BKFC will need to carve out a distinctive niche. Fighting in the ring is hard, but so too is competing against leagues like the UFC. For example, many UFC and boxing fights occur in Las Vegas, the mecca for combat sports. Why has BKFC failed to get sanctioned for bare knuckle fighting in Nevada, when dozens of other states have approved it? Is UFC and its leader (Dana White) strong-arming and preventing the sanctioning body in Nevada from approving bare knuckle fighting? Stars: Besides the cost of putting on an event, BKFC needs to pay its fighters. One of the positives (from a fighter’s point of view) is that BKFC apparently pays significantly more than the average UFC fighter. As the entity that pays to put on the fights, this is an expense that BKFC needs to bear. Right now, the highest profile fighter in BKFC’s roster is Mike Perry. We do not have exact per fight payouts for him, but he did reportedly sign a $8 million contract with BKFC (we think it is safe to assume that each fight earns Perry $500,000 to $1 million). Possibly, the largest combat sport star in the world is Conor McGregor. Despite not fighting in several years, McGregor is the biggest pay-per-view draw in MMA (mixed martial arts), with the five highest-selling UFC events in its history. His fight versus Khabib Nurmagomedov at UFC 229 drew over 2.4 million pay-per-view buys (the most ever for an MMA fight). In 2021, Forbes ranked McGregor as the world’s highest-paid athlete, earning a reported $180 million. He has endorsement and brand deals with Beats by Dre, Monster Energy, Reebok, Bud Light, and Burger King. He launched in 2018 an Irish Whiskey named Proper Twelve and apparently sold it in 2021 to Proximo Spirits for $600 million. Continuing in the alcohol space, in 2021, McGregor launched Forged Irish Stout. We’ve had it and it’s quite good! In April of this year, McGregor invested in the BKFC and became a shareholder. We don’t have his specific cost basis, but the impact of McGregor’s involvement has been noticeable. While we don’t expect McGregor to ever fight in a BKFC event, it could eventually happen. His biggest impact is promotional activity, announcing and generally growing the BKFC brand. As Dave Feldman said, when McGregor invested, “it’s just going to move the needle for us”. McGregor can bring added attention, push new advertising and sponsorship deals, as well as simply broaden BKFC’s global reach. We think his addition to the BKFC team is a great opportunity. Risks: BKFC does have risks, which can be summed up with two points. The first is growth capital. Will Triller give BKFC enough capital to allow it to grow and meet its potential? We believe the reverse merger with AGBA will provide the necessary funding. The second risk is regulatory. Athletic commissions and other regulating authorities have strict oversight over combat sports, as they attempt to protect fighter safety and the sport's integrity. These rules must be followed, and breaking them could result in penalties, sanctions, or even the suspension. This is often regulated on a state-by-state basis. For example, why is BKFC licensed to operate in 34 states, but cannot get approved in Nevada? Is UFC influencing Nevada regulators to keep BKFC out? By combining each of their strengths, the merged entity will be able to scale up market expansion, develop advanced monetization abilities, and even pursue strategic acquisitions/partnerships. These synergies will drive exponential growth across all of their businesses, from social media to FINTECH. BKFC's inclusion in Triller's portfolio involves integrating a social media and entertainment platform with a combat sports company's brand and operations. We believe that Triller’s platform will allow the combined businesses to leverage specific synergies. BKFC Valuation: We don’t have visibility into specific BKFC event profitability, but we do understand some of the metrics driving BKFC’s business. In 2022, BKFC’s revenue was $11 million, and it is projected to be at $35 million by the end of 2024 (over 200% growth). BKFC is estimating $65 million of revenue in 2025, which is up 85% and nearly 5x revenue from a couple of years ago. As it grows its fighters, number of events and sport, we believe that BKFC will become quite profitable. It is still in its high-growth phase, but we believe BKFC can ultimately generate operating margins of 25% to 30%. At this point, we can’t assign a P/E or EV to EBITDA multiple on BKFC, but we can use its closest comp (UFC) as a benchmark. While we hate using revenue multiples, UFC is trading at roughly 12x. If BKFC can deliver $65 million in revenue next year, we think it could be valued at 8x to 10x. That implies a valuation exceeding $500 million and possibly approaching $650 million. This valuation is assuming that BKFC’s revenue continues to rapidly increase. In the Rolling Stones article (attached above), it mentions a modest valuation of BKFC at $411 million. With the capital, it will receive from Triller to grow its franchise and increasing publicity from fighters like Conor McGregor, we think BKFC is fairly valued at $600 million. We would like to mention that they are not currently profitable due to still holding debt. However, we believe this will change in the coming years, especially with their newly announced FuboTV deal. Triller & BKFC Management: In our opinion, a key investment characteristic is the ability of management to properly allocate capital. When it comes to financial companies, this is probably one of the most important aspects of success or failure. When there is consolidation or acquisitions involved, management is critical to understand. Does this management team have the experience to handle an acquisition of this size? How will various cultures and locations be properly integrated? Both the acquisition of the majority stake in BKFC, as well as the integration of Triller and AGBA will present significant integration difficulties. A seasoned management team could handle this transition, but we haven’t had the opportunity to see Triller’s management team in action. We have had conversations with Prem Parameswaran, who was the acting CFO of Triller, but he left the company in July 2024. We have spoken with Ryan Kavanaugh, but his role is unclear at this time. Over the last year, we have spoken with Bobby Sarnevesht, and it is clear that he has taken the leadership mantle for the Triller business. We have known Dave Feldman for a few years and believe he is the perfect person to take BKFC to the next level. However, he needs to grow the BKFC franchise, and only time will tell if Triller provides that necessary capital. As it relates to AGBA, we have spoken with Bob Diamond but are still unclear as to his future day-to-day involvement. Lastly, we have spoken with Mark Carbeck, who, we believe, will become the company’s CFO going forward. We have spoken with numerous members of the former and existing Triller team, but we still need to see them execute a focused game plan and deliver shareholder value. Their challenge is immense, and success is in their hands. We will see if they are up to the task, as these types of consolidating activities require careful preparation and execution. When there are various cultures at each division, it could present a problem. Unique corporate cultures and management styles can lead to internal company conflicts. It is essential to ensure seamless integration, while preserving business continuity. Triller’s Stand-Alone Valuation: Triller’s unique position in the rapidly evolving fields of social media, digital entertainment, AI technology and combat sports is unique. If we add AGBA to the mix, we don’t think there is a valid peer or comparable. This is why we believe it is necessary to value each business separately and arrive at a sum of the parts. We have laid out a valuation of the Triller App at $1.1 billion, the AI businesses at $$75 million, Triller TV at $700 million and BKFC at $600 million. We don’t know the ownership stake that Triller has in BKFC, but we will simply assume it is 55%. That implies their ownership position in BKFC is worth $330 million. Summing all of the Triller diverse portfolio of assets together, we arrive at a valuation of $2.1 billion, or $5.65 per share. For our Triller-specific price target, and to be conservative in our valuation, we will discount our target by another (25%). This equates to a valuation of Triller assets of $1.6 billion or $4.25 per share; roughly ½ of the Board’s $3.2 billion appraisal. Now that we have arrived at a decent understanding of Triller, its businesses and a price target, let’s turn our attention to AGBA and how Triller is finally getting public. FINTECH: We believe a FINTECH company is “anything utilizing technology to improve an established process.” From our perspective, AGBA’s digital distribution platform is the definition of using technology to improve the traditional financial services industry. We were not aware of AGBA before this transaction but have done extensive work trying to understand its business and operating model. At Manole Capital, we focus on the FINTECH sector but tend to spend the majority of our time on US-based companies. We have no exposure to the Hong Kong or Chinese markets (as far as direct corporate ownership), so we’ve never analyzed AGBA or its prior results. Let’s dive into their details…. Who is AGBA? AGBA is a financial services company based in Hong Kong that serves more than 400,000 clients. AGBA conducts business as a B2B (business to business), as well as a B2C (business to consumer) model. It has 1,600 financial advisors distributing financial and healthcare products on its platform, and it considers itself a “one-stop financial supermarket”. This type of model has not been terribly successful in the US, but it does have precedent in Asian markets (i.e., Tencent and Alibaba). Looking at AGBA’s business model, we do not see the need to extend outside of their core markets of Hong Kong and Mainland China. The opportunity is quite large in their existing footprint. AGBA considers the GBA (Greater Bay Area) their main marketplace and the opportunity is immense. This specific area is 13% of the Chinese economy, all within a 2-hour living circle. This GBA area is estimated to have a ’23 GDP of over $2 trillion (similar to New York and Tokyo) and over 86 million people. In addition, over 30% of Hong Kong and Mainland China’s population will be older than 65 years old by the year 2050 and will need the products that AGBA sells. Lastly, Mainland Chinese typically do not have access to many of the products and choices that AGBA offers. It intends to market directly to Chinese clients, from its Hong Kong-based subsidiaries, through various referrals and partnerships. These attractive demographics provide AGBA will ample tailwinds to succeed, which gives their management comfort projecting aggressive sales targets and projections.   AGBA investor presentation (AGBA investor presentation) AGBA’s has four different businesses or pillars. These four areas are:  Distribution, Platform, FINTECH, and Healthcare  The largest revenue pillar is Distribution, which accounts for over 90% of AGBA’s ’23 revenue. There are 1,200 consultants in this business, which represents the largest IFA (independent financial advisor) in Hong Kong. It acts as a licensed insurance broker and registered MPF (mandatory provident fund). Essentially, AGBA’s advisors and consultants sell a complete range of financial planning and wealth management products, like life insurance, savings accounts, mortgages, etc. It earns its fees through traditional commissions, and life insurance represented 94% of AGBA’s products sold last year. The second revenue pillar is AGBA’s One Platform business. Through this matching platform, AGBA acts a financial supermarket providing over 1,800 different financial products. Banks, brokers, family offices, and other IFAs can utilize AGBA’s platform to sell financial services to their clients. Financial disclosures state that there are 90 insurance providers selling 1,152 products and 53 asset managers selling another 1,137 products on the platform. For this access, AGBA earns platform fees. The Healthcare business is AGBA’s 3rd revenue pillar, and it is primarily a 4% stake in HCMPS (reported as a minority investment). The operating business is Dr Jones Fok & Associates Medical Scheme Management but is commonly known in its marketplace as JFA. It was founded in 1979, and it has a network of over 800 doctors in Hong Kong and Macau. It provides cost-effective healthcare to over 280 corporations and 300,000 members. In addition, AGBA has made numerous investments into its healthcare franchise. The last pillar for AGBA is their FINTECH business, which is essentially a few minority stakes in growing FINTECH companies. Key investments that AGBA has made are: Tandem (UK app-based bank), with AGBA buying a 4.5% equity stake for $27.9 million in 2018 Goxip (Hong Kong fashion media platform), where AGBA purchased a 3.6% stake Zai (peer-to-peer F/X marketplace), that AGBA bought an 8.4% stake for $7.8 million Risks: While the combined company might state that AGBA will leverage Triller’s AI and data to expand into the US market, we do not put much credence on that opportunity. We view financial services as very local, meaning that financials tend to do well in their “home market”. While Citi has pushed into some non-US markets with success, the majority of large US financial institutions tend to stay US-focused. Rules and regulations differ dramatically between countries, and it is very hard to take a financial company global. It is just remarkably hard to pull off… Management Team: We haven’t spoken to any of AGBA’s management team, but public filings give us a sense of their backgrounds. It appears most started working at AGBA in November 2022 and came from various financial institutions. AGBA has been led by Ng Wing-Fai (age 56), who has served as CEO and Chairman since November 2022. Prior to joining AGBA, Ng was a Managing Director at Salomon Smith Barney and the Head of its FIG group. Ng graduated from the University of Cambridge and holds an MBA from Harvard University. Mr. Desmond Shu Pei Huang (age 50) is the CFO of AGBA, and he has over 20 years of experience in the financial services industry (working for firms like Primus Holdings in Hong Kong and DRB-HICOM Berhad in Malaysia). The COO of AGBA is Ms. Almond Wong Suet Fai (age 53) and she has over 20 years of experience at firms like AXA, Sun Life Financial, Hutchison Ports, CSL Telecommunications and Wyeth. Financials: According to AGBA financial disclosures, they expect that profits will begin to turn around in 2024 and 2025, with positive profits across all four of their businesses. While specific numbers have not been provided for this potential turnaround, AGBA will need to focus on substantially cutting down its operational costs. In a recent press release, AGBA reported that they have cut down operational costs by 40%, which is a great start. However, they will need to continue implementing stringent cost control measures to improve its bottom line. AGBA is still in its infancy and is impressively growing. Its revenue climbed by +170% in 2022 and then by +74% last year to $54 million. As we look forward, one might expect sales to approach $75 million this year (up nearly +40%). AGBA continues to invest in its business and has not been able to generate free cash flow yet. However, we have seen estimates that it plans to be cash flow profitable by the 4 th quarter of 2024. If that occurs, we would imagine that AGBA can scale and bring operating margins towards 15% to 20% in a couple of years. Valuation of AGBA Standalone: In terms of valuation, we are going to materially discount AGBA’s stated $800 million target. Valuing AGBA is tricky, as it is still growing its top-line, and it is yet to deliver free cash flow and profitability. We have run a standard DCF on the business, but it is only as good as our inputs (which are definitely guesstimates). We ran a DCF valuation on AGBA with the following hypotheticals and assumptions. For this analysis, we assumed FCF for the next 5 years to be $5 million, $7 million, $10 million, $12 million, and $15 million. These numbers are based on recent AGBA revenue growth trends, but are clearly guesses (we have been given no guidance from management at all). We then used a perpetual growth rate of 3% and an industry standard WACC of 10%. Based on these projected cash flows and assumptions, the estimated DCF valuation of AGBA would be $173 million. As we previously stated, DCFs for a growing company like this is almost useless, so we thought we would attempt to triangulate a valuation another way. Our second attempt to value AGBA was a revenue multiple. Manole Capital hates using revenue multiples on businesses for several reasons. First, our number one priority in investing is free cash flow. We prefer to use FCF yield, P/E and/or EV to EBITDA to value companies. Second, companies using revenue multiples typically have no FCF, so they are forced to find alternative valuation methods. This is why we place very little importance on revenue multiples while conducting valuations. If a DCF won’t work and we hate revenue multiples….we will need to get somewhat creative. If we assign a $25 million value to the Healthcare business, based on the number of corporations and underlying clients it has, we think that is fair. This is a minority equity stake, and it doesn’t flow through to AGBA’s financial statements. Then, we assume that its FINTECH investments are worth $25 million, which is roughly what AGBA paid for them (Tandem Money and Zai) and what their year-end carrying amounts are (on the 2023 10-K). While the Platform business is interesting, it currently has modest revenue (only $5 million in ’23) and no profitability. In fact, this division experienced a (18%) decline in revenues last year. Being generous, we will assign it a valuation of $10 million. This implies that the bulk of the AGBA valuation has to come from its Distribution business. With over $50 million of revenue, an impressive footprint of IFAs, and an open-ended opportunity in Asia, we believe this business is conservatively worth 2x to 3x revenue. This would imply that AGBA is worth roughly $185 million ($25 million + $25 million + $10 million + $125 million). Our guesstimate is at over a (75%) discount to the independent appraisal of $800 million, so we don’t believe we are being aggressive. For a business like AGBA, we can triangulate that we aren’t terribly off base. Now, this $185 million valuation is a far cry from management’s initial take of $800 million (20% of its stated $4 billion target). We’ll just assume that management was placing an optimistic valuation on its business and stating a target or goal. From our perspective, we will assume AGBA’s stand-alone valuation of $200 million, or $0.50 per share. You can clearly dispute any of our calculations (and you would be entirely correct), as we simply do not know too much about the AGBA business. We are simply trying to understand if it has any intrinsic value to the combined entity. To read more about AGBA’s business and its plans with Triller, please click the following link to access an in-depth, 15-page report on AGBA by Edison Group. Conclusion: The synergies between Triller, BKFC and AGBA are intriguing. This could become one of the few companies that effectively combines social media, entertainment, and the financial sector. When AGBA announced their reverse merger with Triller, the investor presentation highlighted $4 billion of intrinsic value, implying a share price of $10.75. The market clearly has not assigned a similar valuation to the combined company, as the shares are currently trading at$2.15 per share or $800 million market cap, with 372 million total shares outstanding. As we indicated above, we believe AGBA’s four businesses are worth $185 million and Triller’s four businesses are worth $1.6 billion, implying a total valuation of $1.8 billion or $4.80 per share. This is 45% of the Board’s $4 billion independent valuation assessment, but +120% above today’s stock price. AGBA’s established financial services sector is somewhat unusual to these two businesses, but it had two key benefits. One, it has a public listing, which helps get Triller and BKFC public. Two, AGBA brings necessary capital to assist in growing both the Triller and BKFC brands. The fact that AGBA is probably worth what the entire company is currently trading for, is enticing. In our opinion, this deal strategically merges Triller’s social media platform with a fantastic combat sport, in its early growth development stage. Will the public company keep AGBA going forward? Can AGBA expand the range of the users that can be targeted, especially in the United States and Asian markets? Could it look to spin that business off in a year or two, or even sell it? Is there a way that AGBA can utilize Triller’s AI applications to assist its advisors with financial decisions or content creation? When we reviewed Triller’s latest SEC filings (through September 2023), we noticed $126 million of short-term debt and $46 million of long-term debt. AGBA's balance sheet (December 2023) also reported a net debt of $18.5 million. As of this time, we have no idea on the combined company's debt profile, but we assume it remains above $190.5 million. We believe these are the necessary discussions that will occur post-merger. As of now, the sell-side community has largely ignored Triller and its opportunity. Over the next 3 to 6 months, we envision several Wall Street analysts picking up coverage and setting price targets that are significantly higher than today’s current price. Maybe even the reverse merger with AGBA occurs in September, as their recent proxy vote indicated. We will see, but there’s a lot of optionality with this position, and we like the potential upside once its lists. Warren Fisher, CFA Founder & CEO Manole Capital Management warren@manolecapital.com  DISCLAIMER: Firm: Manole Capital Management LLC is a registered investment adviser. The firm is defined to include all accounts managed by Manole Capital Management LLC. In general: This disclaimer applies to this document and the verbal or written comments of any person representing it. The information presented is available for client or potential client use only. This summary, which has been furnished on a confidential basis to the recipient, does not constitute an offer of any securities or investment advisory services, which may be made only by means of a private placement memorandum or similar materials which contain a description of material terms and risks. This summary is intended exclusively for the use of the person it has been delivered to by Warren Fisher and it is not to be reproduced or redistributed to any other person without the prior consent of Warren Fisher. Past Performance: Past performance generally is not, and should not be construed as, an indication of future results. The information provided should not be relied upon as the basis for making any investment decisions or for selecting The Firm. Past portfolio characteristics are not necessarily indicative of future portfolio characteristics and can be changed. Past strategy allocations are not necessarily indicative of future allocations. Strategy allocations are based on the capital used for the strategy mentioned. This document may contain forward-looking statements and projections that are based on current beliefs and assumptions and on information currently available. Risk of Loss: An investment involves a high degree of risk, including the possibility of a total loss thereof. Any investment or strategy managed by The Firm is speculative in nature and there can be no assurance that the investment objective(s) will be achieved. Investors must be prepared to bear the risk of a total loss of their investment. Distribution: Manole Capital expressly prohibits any reproduction, in hard copy, electronic or any other form, or any redistribution of this presentation to any third party without the prior written consent of Manole. This presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation. Additional information: Prospective investors are urged to carefully read the applicable memorandums in its entirety. All information is believed to be reasonable, but involves risks, uncertainties and assumptions and prospective investors may not put undue reliance on any of these statements. Information provided herein is presented as of December 2015 (unless otherwise noted) and is derived from sources Warren Fisher considers reliable, but it cannot guarantee its complete accuracy. Any information may be changed or updated without notice to the recipient. Tax, legal or accounting advice: This presentation is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Any statements of the US federal tax consequences contained in this presentation were not intended to be used and cannot be used to avoid penalties under the US Internal Revenue Code or to promote, market or recommend to another party any tax related matters addressed herein.  Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352706467987560,"gmtCreate":1727128664245,"gmtModify":1727128667985,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MLGO\">$MicroAlgo, Inc.(MLGO)$ </a> looking good after hours&nbsp;[Grin]&nbsp;&nbsp;[Grin]&nbsp;&nbsp;[Grin]&nbsp;&nbsp;","listText":"<a href=\"https://ttm.financial/S/MLGO\">$MicroAlgo, Inc.(MLGO)$ </a> looking good after hours&nbsp;[Grin]&nbsp;&nbsp;[Grin]&nbsp;&nbsp;[Grin]&nbsp;&nbsp;","text":"$MicroAlgo, Inc.(MLGO)$ looking good after hours [Grin] [Grin] [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352706467987560","isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351902967234792,"gmtCreate":1726952386815,"gmtModify":1726952390422,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351902967234792","repostId":"2469299633","repostType":2,"repost":{"id":"2469299633","kind":"highlight","pubTimestamp":1726939200,"share":"https://ttm.financial/m/news/2469299633?lang=&edition=fundamental","pubTime":"2024-09-22 01:20","market":"sg","language":"en","title":"Insider trades: Notable buys and sells by significant shareholders, executives and directors","url":"https://stock-news.laohu8.com/highlight/detail?id=2469299633","media":"seekingalpha","summary":"A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024.  Alphabet (","content":"<html><body><div> <p>A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024.</p> <p>• Alphabet (<span>NASDAQ:GOOG</span>), parent company of Google, reported a recent<span> transaction by Director, John Hennessy. As disclosed on September 16, 2024, Hennessy sold a total of 800 shares of common stock at a price of $153.75 per share, totaling $ 123,003. Bryan now holds 28,524 shares of the company.</span></p> <p>• Food and restaurant chain, McDonald's (<span>NYSE:MCD</span>) said in a filing that CEO and Chairman, Christopher J Kempczinski sold 3,934 common shares on September 18, 2024 at $300 per share for a total transaction value of about $1.2M. Kempczinski now owns 61,612 shares.</p> <p>• On 19th September, Durn Daniel, EVP &amp; CFO of California based software company, <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> (<span>NASDAQ:ADBE</span>), sold 6,500 shares at a price of $ 515.44 per share, totaling $3.4M. The transaction has adjusted CFO's holdings in the company to 20,838 shares following the sale.</p> <p>• In a recent transaction, Sanjay Goel, EVP &amp; President, Asia-Pacific of American Tower (<span>NYSE:AMT</span>) sold 5,000 shares of the company's common stock at $ 238 per share, resulting in a total sale value of approximately $1.2M. Following the transaction, Goel’s direct ownership in the company stands at 18,621 shares.</p> <p>• Kroger’s (<span>NYSE:KR</span>) Vice President &amp; Controller Brian Nichols sold 4,000 shares of the company at $55.7 per share for total transaction value $222,800.Nichols now holds 14,063 shares of the company.</p> <p>• In a series of transactions, Grier Eliasek, COO of Prospect Capital (<span>NASDAQ:PSEC</span>), expanded his holdings in the company by purchasing its shares. Eliasek acquired 5,000 shares on September 16, 5000 common shares on September 17, 5000 shares on September 18. Following the transactions, Eliasek's direct holdings have increased to 1.7M shares.</p> </div> </body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Insider trades: Notable buys and sells by significant shareholders, executives and directors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInsider trades: Notable buys and sells by significant shareholders, executives and directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-22 01:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4151732-insider-trades-notable-buys-and-sells-by-significant-shareholders-executives-and-directors><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024. • Alphabet ...</p>\n\n<a href=\"https://seekingalpha.com/news/4151732-insider-trades-notable-buys-and-sells-by-significant-shareholders-executives-and-directors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股",".IXIC":"NASDAQ Composite","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","PSQ":"纳指反向ETF","SQQQ":"纳指三倍做空ETF","KR":"克罗格","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","QLD":"纳指两倍做多ETF","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","TQQQ":"纳指三倍做多ETF","GOOG":"谷歌","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0149725797.USD":"汇丰美国股市经济规模基金","GOOGL":"谷歌A","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4023":"应用软件","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","QID":"纳指两倍做空ETF","BK4585":"ETF&股票定投概念","MCD":"麦当劳","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0079474960.USD":"联博美国增长基金A","ADBE":"Adobe","BK4587":"ChatGPT概念","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","AMT":"美国电塔","PSEC":"普罗斯佩克特资本","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC"},"source_url":"https://seekingalpha.com/news/4151732-insider-trades-notable-buys-and-sells-by-significant-shareholders-executives-and-directors","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2469299633","content_text":"A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024. • Alphabet (NASDAQ:GOOG), parent company of Google, reported a recent transaction by Director, John Hennessy. As disclosed on September 16, 2024, Hennessy sold a total of 800 shares of common stock at a price of $153.75 per share, totaling $ 123,003. Bryan now holds 28,524 shares of the company. • Food and restaurant chain, McDonald's (NYSE:MCD) said in a filing that CEO and Chairman, Christopher J Kempczinski sold 3,934 common shares on September 18, 2024 at $300 per share for a total transaction value of about $1.2M. Kempczinski now owns 61,612 shares. • On 19th September, Durn Daniel, EVP & CFO of California based software company, Adobe (NASDAQ:ADBE), sold 6,500 shares at a price of $ 515.44 per share, totaling $3.4M. The transaction has adjusted CFO's holdings in the company to 20,838 shares following the sale. • In a recent transaction, Sanjay Goel, EVP & President, Asia-Pacific of American Tower (NYSE:AMT) sold 5,000 shares of the company's common stock at $ 238 per share, resulting in a total sale value of approximately $1.2M. Following the transaction, Goel’s direct ownership in the company stands at 18,621 shares. • Kroger’s (NYSE:KR) Vice President & Controller Brian Nichols sold 4,000 shares of the company at $55.7 per share for total transaction value $222,800.Nichols now holds 14,063 shares of the company. • In a series of transactions, Grier Eliasek, COO of Prospect Capital (NASDAQ:PSEC), expanded his holdings in the company by purchasing its shares. Eliasek acquired 5,000 shares on September 16, 5000 common shares on September 17, 5000 shares on September 18. Following the transactions, Eliasek's direct holdings have increased to 1.7M shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351239686832448,"gmtCreate":1726774291373,"gmtModify":1726774295754,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VCIG\">$VCI Global Ltd.(VCIG)$ </a> looking good&nbsp;","listText":"<a href=\"https://ttm.financial/S/VCIG\">$VCI Global Ltd.(VCIG)$ </a> looking good&nbsp;","text":"$VCI Global Ltd.(VCIG)$ looking good","images":[{"img":"https://community-static.tradeup.com/news/1fa90bbf90a6a4c61bc1127d35204009","width":"1080","height":"3057"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351239686832448","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9918586939,"gmtCreate":1664415282121,"gmtModify":1676537450330,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"As always, IPO price goes up then collapse afterwards.","listText":"As always, IPO price goes up then collapse afterwards.","text":"As always, IPO price goes up then collapse afterwards.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9918586939","repostId":"2270782079","repostType":2,"repost":{"id":"2270782079","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1664374188,"share":"https://ttm.financial/m/news/2270782079?lang=&edition=fundamental","pubTime":"2022-09-28 22:09","market":"us","language":"en","title":"This EV-Charging Stock Has Surged 570% the Last Two Days. What Is Atlis Motor?","url":"https://stock-news.laohu8.com/highlight/detail?id=2270782079","media":"Dow Jones","summary":"Atlis Motor Vehicles debuted on the Nasdaq Stock Market on Tuesday, and shares of the electric vehic","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMV\">Atlis Motor</a> Vehicles debuted on the Nasdaq Stock Market on Tuesday, and shares of the electric vehicle technology have soared more than 570% over the past two days.<img src=\"https://static.tigerbbs.com/6ebc355c3bc70b60e37f99a8e7174e8f\" tg-width=\"850\" tg-height=\"672\" referrerpolicy=\"no-referrer\"/></p><p>What kind of company is Atlis Motor (AMV)?</p><p>Atlis Motor is an Arizona-based producer of EV batteries and work trucks. The company was founded in 2016 by Chief Executive Mark Hanchett. Atlis develops its own batteries and offers that technology to other companies.</p><p>The company executed its initial public listing through a Reg A financing after raising more than $35 million through Reg A and Reg CF crowdfunding offerings, according to a news release.</p><p>&#34;We now enter this exciting next phase of development for Atlis, in which we have achieved the milestone of becoming a publicly listed company, and now look forward to executing on an ambitious business plan to achieve revenue and profitability in an exciting and emerging market with significant opportunities to differentiate ourselves and tremendous potential to create, maintain and increase shareholder value,&#34; Hanchett said in the news release.</p><p>The stock began trading on the Nasdaq Tuesday, with an IPO price of $27.50. Shares opened trading at $30.11 and closed the day at $82.12, a gain of 199% from the initial public offering price. On Wednesday, the shares were trading at $185, a gain of 572.73% from its IPO price.</p><p>In a filing, Atlis Motor reported a loss for the quarter of $17.3 million with no revenue.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This EV-Charging Stock Has Surged 570% the Last Two Days. What Is Atlis Motor?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis EV-Charging Stock Has Surged 570% the Last Two Days. What Is Atlis Motor?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-28 22:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AMV\">Atlis Motor</a> Vehicles debuted on the Nasdaq Stock Market on Tuesday, and shares of the electric vehicle technology have soared more than 570% over the past two days.<img src=\"https://static.tigerbbs.com/6ebc355c3bc70b60e37f99a8e7174e8f\" tg-width=\"850\" tg-height=\"672\" referrerpolicy=\"no-referrer\"/></p><p>What kind of company is Atlis Motor (AMV)?</p><p>Atlis Motor is an Arizona-based producer of EV batteries and work trucks. The company was founded in 2016 by Chief Executive Mark Hanchett. Atlis develops its own batteries and offers that technology to other companies.</p><p>The company executed its initial public listing through a Reg A financing after raising more than $35 million through Reg A and Reg CF crowdfunding offerings, according to a news release.</p><p>&#34;We now enter this exciting next phase of development for Atlis, in which we have achieved the milestone of becoming a publicly listed company, and now look forward to executing on an ambitious business plan to achieve revenue and profitability in an exciting and emerging market with significant opportunities to differentiate ourselves and tremendous potential to create, maintain and increase shareholder value,&#34; Hanchett said in the news release.</p><p>The stock began trading on the Nasdaq Tuesday, with an IPO price of $27.50. Shares opened trading at $30.11 and closed the day at $82.12, a gain of 199% from the initial public offering price. On Wednesday, the shares were trading at $185, a gain of 572.73% from its IPO price.</p><p>In a filing, Atlis Motor reported a loss for the quarter of $17.3 million with no revenue.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2270782079","content_text":"Atlis Motor Vehicles debuted on the Nasdaq Stock Market on Tuesday, and shares of the electric vehicle technology have soared more than 570% over the past two days.What kind of company is Atlis Motor (AMV)?Atlis Motor is an Arizona-based producer of EV batteries and work trucks. The company was founded in 2016 by Chief Executive Mark Hanchett. Atlis develops its own batteries and offers that technology to other companies.The company executed its initial public listing through a Reg A financing after raising more than $35 million through Reg A and Reg CF crowdfunding offerings, according to a news release.\"We now enter this exciting next phase of development for Atlis, in which we have achieved the milestone of becoming a publicly listed company, and now look forward to executing on an ambitious business plan to achieve revenue and profitability in an exciting and emerging market with significant opportunities to differentiate ourselves and tremendous potential to create, maintain and increase shareholder value,\" Hanchett said in the news release.The stock began trading on the Nasdaq Tuesday, with an IPO price of $27.50. Shares opened trading at $30.11 and closed the day at $82.12, a gain of 199% from the initial public offering price. 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squeeze?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913829415","repostId":"9913866726","repostType":1,"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913829835,"gmtCreate":1663972255927,"gmtModify":1676537371098,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Reverse split may come one day&nbsp;","listText":"Reverse split may come one day&nbsp;","text":"Reverse split may come one 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Biosystems(TTOO)$🚀🚀🚀","images":[{"img":"https://community-static.tradeup.com/news/d6c2ad1177b70cd59df6ebf9f5c6d89a","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913397941","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913817736,"gmtCreate":1663967982225,"gmtModify":1676537370396,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"If the Fed raises interest rate in November again, DOW may drop to 26,000 level.","listText":"If the Fed raises interest rate in November again, DOW may drop to 26,000 level.","text":"If the Fed raises interest rate in November again, DOW may drop to 26,000 level.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913817736","repostId":"2269749121","repostType":4,"repost":{"id":"2269749121","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1663887366,"share":"https://ttm.financial/m/news/2269749121?lang=&edition=fundamental","pubTime":"2022-09-23 06:56","market":"us","language":"en","title":"Wall Street Ends Down for Third Day As Growth Concerns Weigh on Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2269749121","media":"Reuters","summary":"* Tech stocks down in aftermath of Fed's latest rate move* Investors concerned about possibility of ","content":"<html><head></head><body><p>* Tech stocks down in aftermath of Fed&#39;s latest rate move</p><p>* Investors concerned about possibility of recession</p><p>* Darden Restaurants falls on downbeat quarterly sales</p><p>* JetBlue posts lowest close since March 2020</p><p>* Indexes down: Dow 0.35%, S&amp;P 0.84%, Nasdaq 1.37%</p><p>Sept 22 (Reuters) - Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve&#39;s latest aggressive move to rein in inflation by selling growth stocks, including technology companies.</p><p>The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a longer trajectory for policy rates than markets had priced in, fuelling fears of further volatility in stock and bond trading in a year that has already seen bear markets in both asset classes.</p><p>The U.S. central bank&#39;s projections for economic growth released on Wednesday were also eye-catching, with growth of just 0.2% this year, rising to 1.2% for 2023.</p><p>Jitters were already present in the market after a number of companies - most recently FedEx Corp and Ford Motor Co- issued dire outlooks for earnings.</p><p>As of Friday, the S&amp;P 500&#39;s estimated earnings growth for the third quarter is at 5%, according to Refinitiv data. Excluding the energy sector, the growth rate is at -1.7%.</p><p>The S&amp;P 500&#39;s forward price-to-earnings ratio, a common metric for valuing stocks, is at 16.8 times earnings - far below the nearly 22 times forward P/E that stocks commanded at the start of the year.</p><p>Nine of the 11 major S&amp;P sectors fell, led by declines of 2.2% and 1.7%, respectively, in consumer discretionary and financial stocks.</p><p>Shares of megacap technology and growth companies such as Amazon.com Inc, Tesla Inc and Nvidia Corp fell between 1% and 5.3% as benchmark U.S. Treasury yields hit an 11-year high.</p><p>Rising yields weigh particularly on valuations of companies in the technology sector, which have high expected future earnings and form a significant part of the market-cap weighted indexes such as the S&amp;P 500.</p><p>The S&amp;P 500 tech sector has slumped 28% so far this year, compared with a 21.2% decline in the benchmark index.</p><p>&#34;If we continue to have sticky inflation, and if (Fed Chair Jerome) Powell sticks to his guns as he indicates, I think we enter recession and we see significant drawdown on earnings expectations,&#34; said Mike Mullaney, director of global markets at Boston Partners.</p><p>&#34;If this happens, I have high conviction under those conditions that we break 3,636,&#34; he added, referring to the S&amp;P 500&#39;s mid-June low, its weakest point of the year.</p><p>The Dow Jones Industrial Average fell 107.1 points, or 0.35%, to 30,076.68, the S&amp;P 500 lost 31.94 points, or 0.84%, to 3,757.99 and the Nasdaq Composite dropped 153.39 points, or 1.37%, to 11,066.81.</p><p>Major U.S. airlines - which have enjoyed a rebound amid increased travel as pandemic restrictions end - were also down, with United Airlines and American Airlines falling 4.6% and 3.9% respectively. This took losses in the last three days to 11% for United and 10.6% for American.</p><p>JetBlue Airways Corp, off 7.1% and also recording a third straight loss, closed at its lowest level since March 2020.</p><p>Darden Restaurants Inc slid 4.4% after the Olive Garden parent reported downbeat first-quarter sales.</p><p>Volume on U.S. exchanges was 11.39 billion shares, compared with the 10.91 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted one new 52-week high and 123 new lows; the Nasdaq Composite recorded 18 new highs and 699 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Down for Third Day As Growth Concerns Weigh on Tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Ends Down for Third Day As Growth Concerns Weigh on Tech\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-23 06:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Tech stocks down in aftermath of Fed&#39;s latest rate move</p><p>* Investors concerned about possibility of recession</p><p>* Darden Restaurants falls on downbeat quarterly sales</p><p>* JetBlue posts lowest close since March 2020</p><p>* Indexes down: Dow 0.35%, S&amp;P 0.84%, Nasdaq 1.37%</p><p>Sept 22 (Reuters) - Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve&#39;s latest aggressive move to rein in inflation by selling growth stocks, including technology companies.</p><p>The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a longer trajectory for policy rates than markets had priced in, fuelling fears of further volatility in stock and bond trading in a year that has already seen bear markets in both asset classes.</p><p>The U.S. central bank&#39;s projections for economic growth released on Wednesday were also eye-catching, with growth of just 0.2% this year, rising to 1.2% for 2023.</p><p>Jitters were already present in the market after a number of companies - most recently FedEx Corp and Ford Motor Co- issued dire outlooks for earnings.</p><p>As of Friday, the S&amp;P 500&#39;s estimated earnings growth for the third quarter is at 5%, according to Refinitiv data. Excluding the energy sector, the growth rate is at -1.7%.</p><p>The S&amp;P 500&#39;s forward price-to-earnings ratio, a common metric for valuing stocks, is at 16.8 times earnings - far below the nearly 22 times forward P/E that stocks commanded at the start of the year.</p><p>Nine of the 11 major S&amp;P sectors fell, led by declines of 2.2% and 1.7%, respectively, in consumer discretionary and financial stocks.</p><p>Shares of megacap technology and growth companies such as Amazon.com Inc, Tesla Inc and Nvidia Corp fell between 1% and 5.3% as benchmark U.S. Treasury yields hit an 11-year high.</p><p>Rising yields weigh particularly on valuations of companies in the technology sector, which have high expected future earnings and form a significant part of the market-cap weighted indexes such as the S&amp;P 500.</p><p>The S&amp;P 500 tech sector has slumped 28% so far this year, compared with a 21.2% decline in the benchmark index.</p><p>&#34;If we continue to have sticky inflation, and if (Fed Chair Jerome) Powell sticks to his guns as he indicates, I think we enter recession and we see significant drawdown on earnings expectations,&#34; said Mike Mullaney, director of global markets at Boston Partners.</p><p>&#34;If this happens, I have high conviction under those conditions that we break 3,636,&#34; he added, referring to the S&amp;P 500&#39;s mid-June low, its weakest point of the year.</p><p>The Dow Jones Industrial Average fell 107.1 points, or 0.35%, to 30,076.68, the S&amp;P 500 lost 31.94 points, or 0.84%, to 3,757.99 and the Nasdaq Composite dropped 153.39 points, or 1.37%, to 11,066.81.</p><p>Major U.S. airlines - which have enjoyed a rebound amid increased travel as pandemic restrictions end - were also down, with United Airlines and American Airlines falling 4.6% and 3.9% respectively. This took losses in the last three days to 11% for United and 10.6% for American.</p><p>JetBlue Airways Corp, off 7.1% and also recording a third straight loss, closed at its lowest level since March 2020.</p><p>Darden Restaurants Inc slid 4.4% after the Olive Garden parent reported downbeat first-quarter sales.</p><p>Volume on U.S. exchanges was 11.39 billion shares, compared with the 10.91 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted one new 52-week high and 123 new lows; the Nasdaq Composite recorded 18 new highs and 699 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPXU":"三倍做空标普500ETF","JBLU":"捷蓝航空",".DJI":"道琼斯","LHDX":"Lucira Health, Inc.",".IXIC":"NASDAQ Composite","SDOW":"道指三倍做空ETF-ProShares","OEX":"标普100",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","DXD":"道指两倍做空ETF","SDS":"两倍做空标普500ETF","CGEM":"Cullinan Therapeutics","BK4559":"巴菲特持仓","SANA":"Sana Biotechnology, Inc.","LABP":"Landos Biopharma, Inc.","BK4550":"红杉资本持仓","DRI":"达登饭店","DJX":"1/100道琼斯","DDM":"道指两倍做多ETF","FDX":"联邦快递","IVV":"标普500指数ETF","SH":"标普500反向ETF","BK4581":"高盛持仓","DOG":"道指反向ETF","TSLA":"特斯拉","NVDA":"英伟达","UPRO":"三倍做多标普500ETF","UDOW":"道指三倍做多ETF-ProShares","AMZN":"亚马逊","UAL":"联合大陆航空","SSO":"两倍做多标普500ETF","AAL":"美国航空","F":"福特汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269749121","content_text":"* Tech stocks down in aftermath of Fed's latest rate move* Investors concerned about possibility of recession* Darden Restaurants falls on downbeat quarterly sales* JetBlue posts lowest close since March 2020* Indexes down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37%Sept 22 (Reuters) - Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve's latest aggressive move to rein in inflation by selling growth stocks, including technology companies.The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a longer trajectory for policy rates than markets had priced in, fuelling fears of further volatility in stock and bond trading in a year that has already seen bear markets in both asset classes.The U.S. central bank's projections for economic growth released on Wednesday were also eye-catching, with growth of just 0.2% this year, rising to 1.2% for 2023.Jitters were already present in the market after a number of companies - most recently FedEx Corp and Ford Motor Co- issued dire outlooks for earnings.As of Friday, the S&P 500's estimated earnings growth for the third quarter is at 5%, according to Refinitiv data. Excluding the energy sector, the growth rate is at -1.7%.The S&P 500's forward price-to-earnings ratio, a common metric for valuing stocks, is at 16.8 times earnings - far below the nearly 22 times forward P/E that stocks commanded at the start of the year.Nine of the 11 major S&P sectors fell, led by declines of 2.2% and 1.7%, respectively, in consumer discretionary and financial stocks.Shares of megacap technology and growth companies such as Amazon.com Inc, Tesla Inc and Nvidia Corp fell between 1% and 5.3% as benchmark U.S. Treasury yields hit an 11-year high.Rising yields weigh particularly on valuations of companies in the technology sector, which have high expected future earnings and form a significant part of the market-cap weighted indexes such as the S&P 500.The S&P 500 tech sector has slumped 28% so far this year, compared with a 21.2% decline in the benchmark index.\"If we continue to have sticky inflation, and if (Fed Chair Jerome) Powell sticks to his guns as he indicates, I think we enter recession and we see significant drawdown on earnings expectations,\" said Mike Mullaney, director of global markets at Boston Partners.\"If this happens, I have high conviction under those conditions that we break 3,636,\" he added, referring to the S&P 500's mid-June low, its weakest point of the year.The Dow Jones Industrial Average fell 107.1 points, or 0.35%, to 30,076.68, the S&P 500 lost 31.94 points, or 0.84%, to 3,757.99 and the Nasdaq Composite dropped 153.39 points, or 1.37%, to 11,066.81.Major U.S. airlines - which have enjoyed a rebound amid increased travel as pandemic restrictions end - were also down, with United Airlines and American Airlines falling 4.6% and 3.9% respectively. This took losses in the last three days to 11% for United and 10.6% for American.JetBlue Airways Corp, off 7.1% and also recording a third straight loss, closed at its lowest level since March 2020.Darden Restaurants Inc slid 4.4% after the Olive Garden parent reported downbeat first-quarter sales.Volume on U.S. exchanges was 11.39 billion shares, compared with the 10.91 billion average for the full session over the last 20 trading days.The S&P 500 posted one new 52-week high and 123 new lows; the Nasdaq Composite recorded 18 new highs and 699 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910638817,"gmtCreate":1663623183740,"gmtModify":1676537300712,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Already traded and dropped below it's IPO price.","listText":"Already traded and dropped below it's IPO price.","text":"Already traded and dropped below it's IPO price.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910638817","repostId":"9937932887","repostType":1,"repost":{"id":9937932887,"gmtCreate":1663338905049,"gmtModify":1676537255446,"author":{"id":"4087757893647360","authorId":"4087757893647360","name":"Jason81","avatar":"https://community-static.tradeup.com/news/420dd8ffab866c5f303994d92c6570d4","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4087757893647360","authorIdStr":"4087757893647360"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NXL\">$Nexalin Technology, Inc.(NXL)$</a>when open?","listText":"<a href=\"https://ttm.financial/S/NXL\">$Nexalin Technology, Inc.(NXL)$</a>when open?","text":"$Nexalin Technology, Inc.(NXL)$when open?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9937932887","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910631227,"gmtCreate":1663623115069,"gmtModify":1676537300689,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"One of the IPO that has suffered huge loss.","listText":"One of the IPO that has suffered huge loss.","text":"One of the IPO that has suffered huge loss.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910631227","repostId":"2268161482","repostType":2,"repost":{"id":"2268161482","kind":"highlight","pubTimestamp":1663348261,"share":"https://ttm.financial/m/news/2268161482?lang=&edition=fundamental","pubTime":"2022-09-17 01:11","market":"us","language":"en","title":"Neurostimulation device maker Nexalin stock drops 44% following $10M IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2268161482","media":"seekingalpha","summary":"Nexalin Technology (NASDAQ:NXL) stock was trading 44% lower on Friday following the medical device d","content":"<html><body> <p>Nexalin Technology (<span>NASDAQ:NXL</span>) stock was trading 44% lower on Friday following the medical device developer's $10M initial public offering.</p> <p>Shares of Nexalin opened at $2.70 after pricing at $4.15 per share. The stock recently changed hands at $2.34 at around 12:45<span> p.m. ET.</span></p> <p>Nexalin offered 2.3M units priced at $4.15 per unit, with each unit consisting of one share plus one warrant to buy one share at $4.15.</p> <p>Underwriters were granted a 45-day option to buy up to 347K additional shares and/or warrants at the IPO price. Maxim Group was serving as sole bookrunner.</p> <p>Based in Texas, Nexalin has been developing neurostimulation devices to treat mental health conditions such as anxiety, insomnia and depression. </p> <p>For a more in-depth look at Nexalin, check out SA contributor Avisol Capital Partners’ “Nexalin: Neurostimulation Therapy for Anxiety and Insomnia.”</p> <div> </div></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Neurostimulation device maker Nexalin stock drops 44% following $10M IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNeurostimulation device maker Nexalin stock drops 44% following $10M IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-17 01:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3883502-neurostimulation-device-maker-nexalin-stock-drops-following-10m-ipo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nexalin Technology (NASDAQ:NXL) stock was trading 44% lower on Friday following the medical device developer's $10M initial public offering. Shares of Nexalin opened at $2.70 after pricing at $4.15 ...</p>\n\n<a href=\"https://seekingalpha.com/news/3883502-neurostimulation-device-maker-nexalin-stock-drops-following-10m-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NXL":"Nexalin Technology, Inc."},"source_url":"https://seekingalpha.com/news/3883502-neurostimulation-device-maker-nexalin-stock-drops-following-10m-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2268161482","content_text":"Nexalin Technology (NASDAQ:NXL) stock was trading 44% lower on Friday following the medical device developer's $10M initial public offering. Shares of Nexalin opened at $2.70 after pricing at $4.15 per share. The stock recently changed hands at $2.34 at around 12:45 p.m. ET. Nexalin offered 2.3M units priced at $4.15 per unit, with each unit consisting of one share plus one warrant to buy one share at $4.15. Underwriters were granted a 45-day option to buy up to 347K additional shares and/or warrants at the IPO price. Maxim Group was serving as sole bookrunner. Based in Texas, Nexalin has been developing neurostimulation devices to treat mental health conditions such as anxiety, insomnia and depression.  For a more in-depth look at Nexalin, check out SA contributor Avisol Capital Partners’ “Nexalin: Neurostimulation Therapy for Anxiety and Insomnia.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910639783,"gmtCreate":1663622673442,"gmtModify":1676537300633,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Worth a DD on it&nbsp;","listText":"Worth a DD on it&nbsp;","text":"Worth a DD on it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910639783","repostId":"2267680314","repostType":2,"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910639319,"gmtCreate":1663622503631,"gmtModify":1676537300610,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"New CEO may bring new development&nbsp;","listText":"New CEO may bring new development&nbsp;","text":"New CEO may bring new development","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9910639319","repostId":"2268645165","repostType":2,"repost":{"id":"2268645165","kind":"highlight","pubTimestamp":1663362951,"share":"https://ttm.financial/m/news/2268645165?lang=&edition=fundamental","pubTime":"2022-09-17 05:15","market":"us","language":"en","title":"Predictive Oncology announces retirement of CEO Mel Engle","url":"https://stock-news.laohu8.com/highlight/detail?id=2268645165","media":"seekingalpha","summary":"Predictive Oncology (NASDAQ:POAI) has announced that J. Melville Engle will retire as CEO and as Cha","content":"<html><body><ul> <li>Predictive Oncology (<span>NASDAQ:POAI</span>) has announced that J. Melville Engle will retire as CEO and as Chairman and a member of the company’s Board of Directors.</li>\n<li>To ensure a smooth transition of his responsibilities, Mr. Engle will continue to serve in his role through October 31, 2022.</li>\n<li>Pursuant to policies regarding leadership succession, the governance committee of POAI’s Board of Directors is working with a succession plan to replace Mr. Engle as CEO.</li> <li>POAI <font color=\"green\">+5.56%</font> after hours to  $0.38.</li>\n</ul></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Predictive Oncology announces retirement of CEO Mel Engle</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPredictive Oncology announces retirement of CEO Mel Engle\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-17 05:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3883548-predictive-oncology-announces-retirement-of-ceo-mel-engle><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Predictive Oncology (NASDAQ:POAI) has announced that J. Melville Engle will retire as CEO and as Chairman and a member of the company’s Board of Directors.\nTo ensure a smooth transition of his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3883548-predictive-oncology-announces-retirement-of-ceo-mel-engle\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"POAI":"Predictive Oncology","BK4198":"医疗保健用品"},"source_url":"https://seekingalpha.com/news/3883548-predictive-oncology-announces-retirement-of-ceo-mel-engle","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2268645165","content_text":"Predictive Oncology (NASDAQ:POAI) has announced that J. Melville Engle will retire as CEO and as Chairman and a member of the company’s Board of Directors.\nTo ensure a smooth transition of his responsibilities, Mr. Engle will continue to serve in his role through October 31, 2022.\nPursuant to policies regarding leadership succession, the governance committee of POAI’s Board of Directors is working with a succession plan to replace Mr. Engle as CEO. POAI +5.56% after hours to  $0.38.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937234650,"gmtCreate":1663455525770,"gmtModify":1676537270917,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Good 👍","listText":"Good 👍","text":"Good 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9937234650","repostId":"2266348389","repostType":2,"repost":{"id":"2266348389","kind":"highlight","pubTimestamp":1662963136,"share":"https://ttm.financial/m/news/2266348389?lang=&edition=fundamental","pubTime":"2022-09-12 14:12","market":"us","language":"en","title":"AIkido Pharma's subsidiary agrees to buy broker-dealer firm","url":"https://stock-news.laohu8.com/highlight/detail?id=2266348389","media":"seekingalpha","summary":"Dominari Financial, the financial services subsidiary of AIkido Pharma (NASDAQ:AIKI) agrees to acqui","content":"<html><body> <ul> <li>Dominari Financial, the financial services subsidiary of AIkido Pharma (<span>NASDAQ:AIKI</span>) agrees to acquire a broker-dealer firm.</li> <li>It is Dominari's first acquisition since launching in June.</li> <li>Dominari Financial was formed with the intention of acquiring revenue generating assets<span> in the fintech and financial services industry.</span> </li> <li>The move will accelerate growth strategy.</li> <li>Kyle Wool, AIkido board member, acted as matchmaker on the deal and will continue to advise Mr. Aldavero on the purchase.</li> <li>The move will allow Dominari Financial to provide banking and lending services through a collaborative pact with a third-party institution, delivering the full balance sheet to UHNW investors, corporations, and institutional clients once the deal officially closes.</li> </ul></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AIkido Pharma's subsidiary agrees to buy broker-dealer firm</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAIkido Pharma's subsidiary agrees to buy broker-dealer firm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-12 14:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3881824-aikido-pharmas-subsidiary-agrees-to-buy-broker-dealer-firm><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dominari Financial, the financial services subsidiary of AIkido Pharma (NASDAQ:AIKI) agrees to acquire a broker-dealer firm. It is Dominari's first acquisition since launching in June. Dominari ...</p>\n\n<a href=\"https://seekingalpha.com/news/3881824-aikido-pharmas-subsidiary-agrees-to-buy-broker-dealer-firm\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4139":"生物科技"},"source_url":"https://seekingalpha.com/news/3881824-aikido-pharmas-subsidiary-agrees-to-buy-broker-dealer-firm","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2266348389","content_text":"Dominari Financial, the financial services subsidiary of AIkido Pharma (NASDAQ:AIKI) agrees to acquire a broker-dealer firm. It is Dominari's first acquisition since launching in June. Dominari Financial was formed with the intention of acquiring revenue generating assets in the fintech and financial services industry.  The move will accelerate growth strategy. Kyle Wool, AIkido board member, acted as matchmaker on the deal and will continue to advise Mr. Aldavero on the purchase. The move will allow Dominari Financial to provide banking and lending services through a collaborative pact with a third-party institution, delivering the full balance sheet to UHNW investors, corporations, and institutional clients once the deal officially closes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937232509,"gmtCreate":1663455151001,"gmtModify":1676537270871,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"It will resume uptrend once dilution is done 👍","listText":"It will resume uptrend once dilution is done 👍","text":"It will resume uptrend once dilution is done 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9937232509","repostId":"9935671709","repostType":1,"repost":{"id":9935671709,"gmtCreate":1663100789101,"gmtModify":1676537200892,"author":{"id":"3576055886327411","authorId":"3576055886327411","name":"Kaexin","avatar":"https://community-static.tradeup.com/news/cd193d79459ad8e5ca8154e0821827c3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576055886327411","authorIdStr":"3576055886327411"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TONR\">$Tonner-One World Holdings, Inc(TONR)$</a>","listText":"<a href=\"https://ttm.financial/S/TONR\">$Tonner-One World Holdings, Inc(TONR)$</a>","text":"$Tonner-One World Holdings, Inc(TONR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935671709","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937236558,"gmtCreate":1663455013374,"gmtModify":1676537270846,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.","listText":"Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.","text":"Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/9937236558","isVote":1,"tweetType":1,"viewCount":939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9995842463,"gmtCreate":1661462575554,"gmtModify":1676536520714,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AABB\">$Asia Broadband, Inc.(AABB)$</a>Launch day for PayAABB on 7th September and&nbsp;don't forget the dividend date in September as well.","listText":"<a href=\"https://ttm.financial/S/AABB\">$Asia Broadband, Inc.(AABB)$</a>Launch day for PayAABB on 7th September and&nbsp;don't forget the dividend date in September as well.","text":"$Asia Broadband, Inc.(AABB)$Launch day for PayAABB on 7th September and don't forget the dividend date in September as well.","images":[{"img":"https://community-static.tradeup.com/news/c9808cbdb3b58632d17c7a36e903e366","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":22,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995842463","isVote":1,"tweetType":1,"viewCount":972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9079583315,"gmtCreate":1657225810837,"gmtModify":1676535971406,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"This is only the tip of the iceberg. ICOA Fund as a Bitcoin -denominated sub-fund of a VCC structure regulated under the Monetary Authority of Singapore, the fund offers unparalleled safety features like insurance coverage and underwriting for public offering security insurance. The fund's crypto assets are safeguarded through a hybrid infrastructure in custody with CGCX.io, a fully -insured crypto exchange.&nbsp;","listText":"This is only the tip of the iceberg. ICOA Fund as a Bitcoin -denominated sub-fund of a VCC structure regulated under the Monetary Authority of Singapore, the fund offers unparalleled safety features like insurance coverage and underwriting for public offering security insurance. The fund's crypto assets are safeguarded through a hybrid infrastructure in custody with CGCX.io, a fully -insured crypto exchange.&nbsp;","text":"This is only the tip of the iceberg. ICOA Fund as a Bitcoin -denominated sub-fund of a VCC structure regulated under the Monetary Authority of Singapore, the fund offers unparalleled safety features like insurance coverage and underwriting for public offering security insurance. The fund's crypto assets are safeguarded through a hybrid infrastructure in custody with CGCX.io, a fully -insured crypto exchange.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079583315","repostId":"2249656292","repostType":4,"repost":{"id":"2249656292","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657150443,"share":"https://ttm.financial/m/news/2249656292?lang=&edition=fundamental","pubTime":"2022-07-07 07:34","market":"us","language":"en","title":"Crypto Broker Voyager Digital Files for Bankruptcy Protection","url":"https://stock-news.laohu8.com/highlight/detail?id=2249656292","media":"Dow Jones","summary":"Cryptocurrency broker and lender Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection lat","content":"<html><head></head><body><p>Cryptocurrency broker and lender Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection late Tuesday, becoming the latest victim of a contagion rippling through the crypto world.</p><p>Voyager, which is listed in Toronto and operates a U.S. cryptocurrency platform, said in a court filing that it faced a &#34;run on the bank,&#34; as it was flooded with withdrawal requests by customers while some of its own investments soured or froze.</p><p>The firm&#39;s downfall illustrates the chain reaction across the sector following large declines in many digital currencies. Voyager said its problems stem above all from the more than $650 million it lent hedge fund Three Arrows Capital Ltd. -- a debt Voyager recently said Three Arrows was unable to repay. Last week, a court in the British Virgin Islands ordered the hedge fund to liquidate after it suffered heavy losses from the collapse of Luna and other cryptocurrencies since May.</p><p>Voyager&#39;s chief executive officer, Stephen Ehrlich, said in the filing that the firm has &#34;a viable business and a plan for the future.&#34; It hopes to restructure, returning customers some of their investments while also giving them ownership in the reorganized company, Voyager said in court filings.</p><p>The company said in a statement that it had around $1.3 billion of crypto assets on its platform, plus $110 million of cash and owned crypto assets that would help support its operations during the Chapter 11 process. It also said it has more than $350 million cash in an account at a New York bank that holds funds for Voyager&#39;s customers.</p><p>The Chapter 11 filing comes just weeks after Voyager assured customers of its own stability -- a trait that has been a common feature of wobbly crypto firms that went on to suspend withdrawals.</p><p>On June 14, Voyager said in a tweet: &#34;We have the experience to back our decisions and weather any bear market.&#34; It added it had a &#34;low-risk approach to asset management.&#34;</p><p>A month earlier, days after Luna and its sister cryptocurrency TerraUSD collapsed in value, Mr. Erlich said on an investor call that Voyager has &#34;zero issues with any of our borrowers,&#34; and the company had recently &#34;verified there was no contagion&#34; with the companies it lent to.</p><p>Voyager, which was started in 2018, ran a business similar to a bank mixed with a brokerage, in which customers deposited crypto assets to earn high interest rates. Voyager in turn sought to profit by lending to others in the crypto sector at even higher rates.</p><p>To customers, Voyager marketed its offerings as safe, particularly for U.S. dollar deposits. &#34;In the rare event your USD funds are compromised due to the company or our banking partner&#39;s failure, you are guaranteed a full reimbursement (up to $250,000),&#34; Voyager wrote in a 2019 post.</p><p>Voyager&#39;s main banking partner, New York-based Metropolitan Commercial Bank, also sought to reassure customers of the crypto broker that they would be protected.</p><p>The bank said on its website that an omnibus account containing funds of Voyager customers was insured by the Federal Deposit Insurance Corp., and that standard deposit insurance covers up to $250,000 per depositor. It noted, however, that FDIC insurance &#34;is available only to protect against the failure of Metropolitan Commercial Bank&#34; and that it &#34;does not protect against the failure of Voyager.&#34;</p><p>Voyager&#39;s latest statement said customers would receive access to their cash &#34;after a reconciliation and fraud prevention process&#34; with the bank.</p><p>Until recently, Voyager benefited from a model that mushroomed in the crypto sector in the past two years. The company was flooded with deposits after offering customers interest rates as high as 9% on stablecoins tied to the dollar -- an offering mirrored by many competitors.</p><p>Underpinning the borrowing-and-lending business, though, was a slim cushion in the event of a downturn.</p><p>Voyager reported having $6 billion in assets and $258 million in shareholder equity, a ratio of about 23:1 as of March 31. That compares with a median assets-to-equity ratio of 9:1 for all North American banks in the S&amp;P 1500 Composite index, according to data from FactSet.</p><p>Many of Voyager&#39;s investments were in the form of loans to other crypto companies, adding significant risk compared with loans by a standard bank.</p><p>Similarly, the giant crypto lender Celsius Network LLC had an assets-to-equity ratio of 19:1 as of spring 2021, according to documents viewed by The Wall Street Journal. The lender, which had more than $12 billion in deposits as of summer 2021, has hired lawyers to advise on a potential bankruptcy filing.</p><p>Voyager said in its filing that Celsius&#39;s actions added to its own problems. After Celsius froze withdrawals June 12, citing &#34;extreme market conditions,&#34; Voyager said it saw increased withdrawals from its own customers, &#34;putting additional strain on the Company&#39;s business.&#34;</p><p>The company won a short-lived reprieve on June 22 by getting a credit facility worth about $500 million from Alameda Ventures. The company is controlled by crypto billionaire Sam Bankman-Fried, who also runs trading platform FTX.</p><p>But withdrawals continued, Voyager said, and it sought further rescue financing. After advisers reached out to 60 potential buyers and investors, it only received one proposal for a financing outside of bankruptcy court -- a proposal Voyager rejected.</p><p>The company suspended trading and withdrawals July 1 and prepared its Chapter 11 filing.</p><p>The company said it would continue to talk with outside investors and seek someone that could buy the company in full or take a large stake.</p><p>The crypto broker&#39;s restructuring plan also proposes to give customers a combination of cryptocurrencies, shares in a reorganized Voyager and anything the firm can recover from its loan to Three Arrows Capital, its court filing said.</p><p>If it is completed as Voyager hopes, the restructuring will give its account holders a &#34;meaningful recovery&#34; on their holdings, the company said.</p><p>Other creditors are poised to do worse. By the time of the filing, Alameda had lent Voyager $75 million from the credit facility set up last month. Under Voyager&#39;s proposed restructuring plan, that debt would be wiped out. Alameda declined to comment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Broker Voyager Digital Files for Bankruptcy Protection</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Broker Voyager Digital Files for Bankruptcy Protection\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-07 07:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Cryptocurrency broker and lender Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection late Tuesday, becoming the latest victim of a contagion rippling through the crypto world.</p><p>Voyager, which is listed in Toronto and operates a U.S. cryptocurrency platform, said in a court filing that it faced a &#34;run on the bank,&#34; as it was flooded with withdrawal requests by customers while some of its own investments soured or froze.</p><p>The firm&#39;s downfall illustrates the chain reaction across the sector following large declines in many digital currencies. Voyager said its problems stem above all from the more than $650 million it lent hedge fund Three Arrows Capital Ltd. -- a debt Voyager recently said Three Arrows was unable to repay. Last week, a court in the British Virgin Islands ordered the hedge fund to liquidate after it suffered heavy losses from the collapse of Luna and other cryptocurrencies since May.</p><p>Voyager&#39;s chief executive officer, Stephen Ehrlich, said in the filing that the firm has &#34;a viable business and a plan for the future.&#34; It hopes to restructure, returning customers some of their investments while also giving them ownership in the reorganized company, Voyager said in court filings.</p><p>The company said in a statement that it had around $1.3 billion of crypto assets on its platform, plus $110 million of cash and owned crypto assets that would help support its operations during the Chapter 11 process. It also said it has more than $350 million cash in an account at a New York bank that holds funds for Voyager&#39;s customers.</p><p>The Chapter 11 filing comes just weeks after Voyager assured customers of its own stability -- a trait that has been a common feature of wobbly crypto firms that went on to suspend withdrawals.</p><p>On June 14, Voyager said in a tweet: &#34;We have the experience to back our decisions and weather any bear market.&#34; It added it had a &#34;low-risk approach to asset management.&#34;</p><p>A month earlier, days after Luna and its sister cryptocurrency TerraUSD collapsed in value, Mr. Erlich said on an investor call that Voyager has &#34;zero issues with any of our borrowers,&#34; and the company had recently &#34;verified there was no contagion&#34; with the companies it lent to.</p><p>Voyager, which was started in 2018, ran a business similar to a bank mixed with a brokerage, in which customers deposited crypto assets to earn high interest rates. Voyager in turn sought to profit by lending to others in the crypto sector at even higher rates.</p><p>To customers, Voyager marketed its offerings as safe, particularly for U.S. dollar deposits. &#34;In the rare event your USD funds are compromised due to the company or our banking partner&#39;s failure, you are guaranteed a full reimbursement (up to $250,000),&#34; Voyager wrote in a 2019 post.</p><p>Voyager&#39;s main banking partner, New York-based Metropolitan Commercial Bank, also sought to reassure customers of the crypto broker that they would be protected.</p><p>The bank said on its website that an omnibus account containing funds of Voyager customers was insured by the Federal Deposit Insurance Corp., and that standard deposit insurance covers up to $250,000 per depositor. It noted, however, that FDIC insurance &#34;is available only to protect against the failure of Metropolitan Commercial Bank&#34; and that it &#34;does not protect against the failure of Voyager.&#34;</p><p>Voyager&#39;s latest statement said customers would receive access to their cash &#34;after a reconciliation and fraud prevention process&#34; with the bank.</p><p>Until recently, Voyager benefited from a model that mushroomed in the crypto sector in the past two years. The company was flooded with deposits after offering customers interest rates as high as 9% on stablecoins tied to the dollar -- an offering mirrored by many competitors.</p><p>Underpinning the borrowing-and-lending business, though, was a slim cushion in the event of a downturn.</p><p>Voyager reported having $6 billion in assets and $258 million in shareholder equity, a ratio of about 23:1 as of March 31. That compares with a median assets-to-equity ratio of 9:1 for all North American banks in the S&amp;P 1500 Composite index, according to data from FactSet.</p><p>Many of Voyager&#39;s investments were in the form of loans to other crypto companies, adding significant risk compared with loans by a standard bank.</p><p>Similarly, the giant crypto lender Celsius Network LLC had an assets-to-equity ratio of 19:1 as of spring 2021, according to documents viewed by The Wall Street Journal. The lender, which had more than $12 billion in deposits as of summer 2021, has hired lawyers to advise on a potential bankruptcy filing.</p><p>Voyager said in its filing that Celsius&#39;s actions added to its own problems. After Celsius froze withdrawals June 12, citing &#34;extreme market conditions,&#34; Voyager said it saw increased withdrawals from its own customers, &#34;putting additional strain on the Company&#39;s business.&#34;</p><p>The company won a short-lived reprieve on June 22 by getting a credit facility worth about $500 million from Alameda Ventures. The company is controlled by crypto billionaire Sam Bankman-Fried, who also runs trading platform FTX.</p><p>But withdrawals continued, Voyager said, and it sought further rescue financing. After advisers reached out to 60 potential buyers and investors, it only received one proposal for a financing outside of bankruptcy court -- a proposal Voyager rejected.</p><p>The company suspended trading and withdrawals July 1 and prepared its Chapter 11 filing.</p><p>The company said it would continue to talk with outside investors and seek someone that could buy the company in full or take a large stake.</p><p>The crypto broker&#39;s restructuring plan also proposes to give customers a combination of cryptocurrencies, shares in a reorganized Voyager and anything the firm can recover from its loan to Three Arrows Capital, its court filing said.</p><p>If it is completed as Voyager hopes, the restructuring will give its account holders a &#34;meaningful recovery&#34; on their holdings, the company said.</p><p>Other creditors are poised to do worse. By the time of the filing, Alameda had lent Voyager $75 million from the credit facility set up last month. Under Voyager&#39;s proposed restructuring plan, that debt would be wiped out. Alameda declined to comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249656292","content_text":"Cryptocurrency broker and lender Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection late Tuesday, becoming the latest victim of a contagion rippling through the crypto world.Voyager, which is listed in Toronto and operates a U.S. cryptocurrency platform, said in a court filing that it faced a \"run on the bank,\" as it was flooded with withdrawal requests by customers while some of its own investments soured or froze.The firm's downfall illustrates the chain reaction across the sector following large declines in many digital currencies. Voyager said its problems stem above all from the more than $650 million it lent hedge fund Three Arrows Capital Ltd. -- a debt Voyager recently said Three Arrows was unable to repay. Last week, a court in the British Virgin Islands ordered the hedge fund to liquidate after it suffered heavy losses from the collapse of Luna and other cryptocurrencies since May.Voyager's chief executive officer, Stephen Ehrlich, said in the filing that the firm has \"a viable business and a plan for the future.\" It hopes to restructure, returning customers some of their investments while also giving them ownership in the reorganized company, Voyager said in court filings.The company said in a statement that it had around $1.3 billion of crypto assets on its platform, plus $110 million of cash and owned crypto assets that would help support its operations during the Chapter 11 process. It also said it has more than $350 million cash in an account at a New York bank that holds funds for Voyager's customers.The Chapter 11 filing comes just weeks after Voyager assured customers of its own stability -- a trait that has been a common feature of wobbly crypto firms that went on to suspend withdrawals.On June 14, Voyager said in a tweet: \"We have the experience to back our decisions and weather any bear market.\" It added it had a \"low-risk approach to asset management.\"A month earlier, days after Luna and its sister cryptocurrency TerraUSD collapsed in value, Mr. Erlich said on an investor call that Voyager has \"zero issues with any of our borrowers,\" and the company had recently \"verified there was no contagion\" with the companies it lent to.Voyager, which was started in 2018, ran a business similar to a bank mixed with a brokerage, in which customers deposited crypto assets to earn high interest rates. Voyager in turn sought to profit by lending to others in the crypto sector at even higher rates.To customers, Voyager marketed its offerings as safe, particularly for U.S. dollar deposits. \"In the rare event your USD funds are compromised due to the company or our banking partner's failure, you are guaranteed a full reimbursement (up to $250,000),\" Voyager wrote in a 2019 post.Voyager's main banking partner, New York-based Metropolitan Commercial Bank, also sought to reassure customers of the crypto broker that they would be protected.The bank said on its website that an omnibus account containing funds of Voyager customers was insured by the Federal Deposit Insurance Corp., and that standard deposit insurance covers up to $250,000 per depositor. It noted, however, that FDIC insurance \"is available only to protect against the failure of Metropolitan Commercial Bank\" and that it \"does not protect against the failure of Voyager.\"Voyager's latest statement said customers would receive access to their cash \"after a reconciliation and fraud prevention process\" with the bank.Until recently, Voyager benefited from a model that mushroomed in the crypto sector in the past two years. The company was flooded with deposits after offering customers interest rates as high as 9% on stablecoins tied to the dollar -- an offering mirrored by many competitors.Underpinning the borrowing-and-lending business, though, was a slim cushion in the event of a downturn.Voyager reported having $6 billion in assets and $258 million in shareholder equity, a ratio of about 23:1 as of March 31. That compares with a median assets-to-equity ratio of 9:1 for all North American banks in the S&P 1500 Composite index, according to data from FactSet.Many of Voyager's investments were in the form of loans to other crypto companies, adding significant risk compared with loans by a standard bank.Similarly, the giant crypto lender Celsius Network LLC had an assets-to-equity ratio of 19:1 as of spring 2021, according to documents viewed by The Wall Street Journal. The lender, which had more than $12 billion in deposits as of summer 2021, has hired lawyers to advise on a potential bankruptcy filing.Voyager said in its filing that Celsius's actions added to its own problems. After Celsius froze withdrawals June 12, citing \"extreme market conditions,\" Voyager said it saw increased withdrawals from its own customers, \"putting additional strain on the Company's business.\"The company won a short-lived reprieve on June 22 by getting a credit facility worth about $500 million from Alameda Ventures. The company is controlled by crypto billionaire Sam Bankman-Fried, who also runs trading platform FTX.But withdrawals continued, Voyager said, and it sought further rescue financing. After advisers reached out to 60 potential buyers and investors, it only received one proposal for a financing outside of bankruptcy court -- a proposal Voyager rejected.The company suspended trading and withdrawals July 1 and prepared its Chapter 11 filing.The company said it would continue to talk with outside investors and seek someone that could buy the company in full or take a large stake.The crypto broker's restructuring plan also proposes to give customers a combination of cryptocurrencies, shares in a reorganized Voyager and anything the firm can recover from its loan to Three Arrows Capital, its court filing said.If it is completed as Voyager hopes, the restructuring will give its account holders a \"meaningful recovery\" on their holdings, the company said.Other creditors are poised to do worse. By the time of the filing, Alameda had lent Voyager $75 million from the credit facility set up last month. Under Voyager's proposed restructuring plan, that debt would be wiped out. Alameda declined to comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351239686832448,"gmtCreate":1726774291373,"gmtModify":1726774295754,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VCIG\">$VCI Global Ltd.(VCIG)$ </a> looking good&nbsp;","listText":"<a href=\"https://ttm.financial/S/VCIG\">$VCI Global Ltd.(VCIG)$ </a> looking good&nbsp;","text":"$VCI Global Ltd.(VCIG)$ looking good","images":[{"img":"https://community-static.tradeup.com/news/1fa90bbf90a6a4c61bc1127d35204009","width":"1080","height":"3057"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351239686832448","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9998323949,"gmtCreate":1660949664084,"gmtModify":1676536426706,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MKD\">$Molecular Data Inc.(MKD)$</a>may need another reverse split to bring share price above $1 mark&nbsp;","listText":"<a href=\"https://ttm.financial/S/MKD\">$Molecular Data Inc.(MKD)$</a>may need another reverse split to bring share price above $1 mark&nbsp;","text":"$Molecular Data Inc.(MKD)$may need another reverse split to bring share price above $1 mark","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998323949","isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041474951,"gmtCreate":1656100664973,"gmtModify":1676535766760,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MMAT\">$Meta Materials Inc.(MMAT)$</a>50M direct offering&nbsp;","listText":"<a href=\"https://ttm.financial/S/MMAT\">$Meta Materials Inc.(MMAT)$</a>50M direct offering&nbsp;","text":"$Meta Materials Inc.(MMAT)$50M direct offering","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041474951","isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578739615467009","authorId":"3578739615467009","name":"Stareminence","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3578739615467009","authorIdStr":"3578739615467009"},"content":"is that good or bad? why drop so much","text":"is that good or bad? why drop so much","html":"is that good or bad? why drop so much"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937236558,"gmtCreate":1663455013374,"gmtModify":1676537270846,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.","listText":"Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.","text":"Market expected 0.75% hike, if the Fed raises interest rate by 1%, market may crash.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/9937236558","isVote":1,"tweetType":1,"viewCount":939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351902967234792,"gmtCreate":1726952386815,"gmtModify":1726952390422,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351902967234792","repostId":"2469299633","repostType":2,"repost":{"id":"2469299633","kind":"highlight","pubTimestamp":1726939200,"share":"https://ttm.financial/m/news/2469299633?lang=&edition=fundamental","pubTime":"2024-09-22 01:20","market":"sg","language":"en","title":"Insider trades: Notable buys and sells by significant shareholders, executives and directors","url":"https://stock-news.laohu8.com/highlight/detail?id=2469299633","media":"seekingalpha","summary":"A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024.  Alphabet (","content":"<html><body><div> <p>A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024.</p> <p>• Alphabet (<span>NASDAQ:GOOG</span>), parent company of Google, reported a recent<span> transaction by Director, John Hennessy. As disclosed on September 16, 2024, Hennessy sold a total of 800 shares of common stock at a price of $153.75 per share, totaling $ 123,003. Bryan now holds 28,524 shares of the company.</span></p> <p>• Food and restaurant chain, McDonald's (<span>NYSE:MCD</span>) said in a filing that CEO and Chairman, Christopher J Kempczinski sold 3,934 common shares on September 18, 2024 at $300 per share for a total transaction value of about $1.2M. Kempczinski now owns 61,612 shares.</p> <p>• On 19th September, Durn Daniel, EVP &amp; CFO of California based software company, <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> (<span>NASDAQ:ADBE</span>), sold 6,500 shares at a price of $ 515.44 per share, totaling $3.4M. The transaction has adjusted CFO's holdings in the company to 20,838 shares following the sale.</p> <p>• In a recent transaction, Sanjay Goel, EVP &amp; President, Asia-Pacific of American Tower (<span>NYSE:AMT</span>) sold 5,000 shares of the company's common stock at $ 238 per share, resulting in a total sale value of approximately $1.2M. Following the transaction, Goel’s direct ownership in the company stands at 18,621 shares.</p> <p>• Kroger’s (<span>NYSE:KR</span>) Vice President &amp; Controller Brian Nichols sold 4,000 shares of the company at $55.7 per share for total transaction value $222,800.Nichols now holds 14,063 shares of the company.</p> <p>• In a series of transactions, Grier Eliasek, COO of Prospect Capital (<span>NASDAQ:PSEC</span>), expanded his holdings in the company by purchasing its shares. Eliasek acquired 5,000 shares on September 16, 5000 common shares on September 17, 5000 shares on September 18. Following the transactions, Eliasek's direct holdings have increased to 1.7M shares.</p> </div> </body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Insider trades: Notable buys and sells by significant shareholders, executives and directors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInsider trades: Notable buys and sells by significant shareholders, executives and directors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-22 01:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4151732-insider-trades-notable-buys-and-sells-by-significant-shareholders-executives-and-directors><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024. • Alphabet ...</p>\n\n<a href=\"https://seekingalpha.com/news/4151732-insider-trades-notable-buys-and-sells-by-significant-shareholders-executives-and-directors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股",".IXIC":"NASDAQ Composite","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","PSQ":"纳指反向ETF","SQQQ":"纳指三倍做空ETF","KR":"克罗格","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","QLD":"纳指两倍做多ETF","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","TQQQ":"纳指三倍做多ETF","GOOG":"谷歌","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0149725797.USD":"汇丰美国股市经济规模基金","GOOGL":"谷歌A","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4023":"应用软件","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","QID":"纳指两倍做空ETF","BK4585":"ETF&股票定投概念","MCD":"麦当劳","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0079474960.USD":"联博美国增长基金A","ADBE":"Adobe","BK4587":"ChatGPT概念","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","AMT":"美国电塔","PSEC":"普罗斯佩克特资本","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC"},"source_url":"https://seekingalpha.com/news/4151732-insider-trades-notable-buys-and-sells-by-significant-shareholders-executives-and-directors","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2469299633","content_text":"A weekly summary of insider trading highlighting notable buying and selling by investors, directors and executives. The trades have taken place between September 16 and September 20, 2024. • Alphabet (NASDAQ:GOOG), parent company of Google, reported a recent transaction by Director, John Hennessy. As disclosed on September 16, 2024, Hennessy sold a total of 800 shares of common stock at a price of $153.75 per share, totaling $ 123,003. Bryan now holds 28,524 shares of the company. • Food and restaurant chain, McDonald's (NYSE:MCD) said in a filing that CEO and Chairman, Christopher J Kempczinski sold 3,934 common shares on September 18, 2024 at $300 per share for a total transaction value of about $1.2M. Kempczinski now owns 61,612 shares. • On 19th September, Durn Daniel, EVP & CFO of California based software company, Adobe (NASDAQ:ADBE), sold 6,500 shares at a price of $ 515.44 per share, totaling $3.4M. The transaction has adjusted CFO's holdings in the company to 20,838 shares following the sale. • In a recent transaction, Sanjay Goel, EVP & President, Asia-Pacific of American Tower (NYSE:AMT) sold 5,000 shares of the company's common stock at $ 238 per share, resulting in a total sale value of approximately $1.2M. Following the transaction, Goel’s direct ownership in the company stands at 18,621 shares. • Kroger’s (NYSE:KR) Vice President & Controller Brian Nichols sold 4,000 shares of the company at $55.7 per share for total transaction value $222,800.Nichols now holds 14,063 shares of the company. • In a series of transactions, Grier Eliasek, COO of Prospect Capital (NASDAQ:PSEC), expanded his holdings in the company by purchasing its shares. Eliasek acquired 5,000 shares on September 16, 5000 common shares on September 17, 5000 shares on September 18. Following the transactions, Eliasek's direct holdings have increased to 1.7M shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045653384,"gmtCreate":1656621203648,"gmtModify":1676535862898,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADTX\">$ADiTx Therapeutics(ADTX)$</a>big drop today, why? More offering?&nbsp;","listText":"<a href=\"https://ttm.financial/S/ADTX\">$ADiTx Therapeutics(ADTX)$</a>big drop today, why? More offering?&nbsp;","text":"$ADiTx Therapeutics(ADTX)$big drop today, why? More offering?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045653384","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913826153,"gmtCreate":1663972862272,"gmtModify":1676537371200,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADTX\">$ADiTx Therapeutics(ADTX)$</a>didn't we just raised $20M, we are selling below cash level&nbsp;","listText":"<a href=\"https://ttm.financial/S/ADTX\">$ADiTx Therapeutics(ADTX)$</a>didn't we just raised $20M, we are selling below cash level&nbsp;","text":"$ADiTx Therapeutics(ADTX)$didn't we just raised $20M, we are selling below cash level","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9913826153","isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937238701,"gmtCreate":1663454892403,"gmtModify":1676537270819,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"43% of volume shorted on September 16, it may have a short squeeze when it drop to $50 again&nbsp;","listText":"43% of volume shorted on September 16, it may have a short squeeze when it drop to $50 again&nbsp;","text":"43% of volume shorted on September 16, it may have a short squeeze when it drop to $50 again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937238701","isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991077366,"gmtCreate":1660771512958,"gmtModify":1676536393165,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>squeeze is on","listText":"<a href=\"https://ttm.financial/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>squeeze is on","text":"$Vinco Ventures, Inc.(BBIG)$squeeze is on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991077366","isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909231481,"gmtCreate":1658879566643,"gmtModify":1676536221310,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"Are we going into recession now?","listText":"Are we going into recession now?","text":"Are we going into recession now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909231481","repostId":"2254387856","repostType":4,"repost":{"id":"2254387856","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1658876140,"share":"https://ttm.financial/m/news/2254387856?lang=&edition=fundamental","pubTime":"2022-07-27 06:55","market":"us","language":"en","title":"US STOCKS-Indexes Drop As Walmart Profit Warning Spooks Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2254387856","media":"Reuters","summary":"Walmart cuts profit forecast; news hits retailersMcDonald's up as sales, profit top estimatesCoca-Co","content":"<html><head></head><body><ul><li>Walmart cuts profit forecast; news hits retailers</li><li>McDonald&#39;s up as sales, profit top estimates</li><li>Coca-Cola up on forecast raise</li><li>Indexes: Dow down 0.7%, S&amp;P 500 down 1.2%, Nasdaq down 1.9%</li></ul><p>NEW YORK, July 26 (Reuters) - U.S. stocks ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak consumer confidence data also fueled fears about spending.</p><p>Walmart shares sank 7.6% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for food and fuel, and said it needed to cut prices to pare inventories.</p><p>Shares of Target Corp fell 3.6% and Amazon.com Inc dropped 5.2%, while the S&amp;P 500 retail index declined 4.2%.</p><p>On Tuesday, data showed U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher inflation and rising interest rates.</p><p>&#34;The majority of companies that reported today beat (on) earnings, and that&#39;s been the case. But of course there have been some warnings, and that&#39;s what the market is focusing on,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>Amazon, which said it would raise fees for delivery and streaming service Prime in Europe by up to 43% a year, was the biggest drag on the Nasdaq and S&amp;P 500, while consumer discretionary fell 3.3% and led declines among S&amp;P 500 sectors.</p><p>The Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.</p><p>The Dow Jones Industrial Average fell 228.5 points, or 0.71%, to 31,761.54, the S&amp;P 500 lost 45.79 points, or 1.15%, to 3,921.05 and the Nasdaq Composite dropped 220.09 points, or 1.87%, to 11,562.58.</p><p>A busy week for earnings also included reports from Alphabet Inc and Microsoft Corp after the bell.</p><p>Shares of Microsoft were up 5% in after-hours trading while Alphabet was up 5% following the companies&#39; results. Microsoft ended the regular session down 2.7% and Alphabet ended 2.3% lower on the day.</p><p>Investors had been looking to see if this week&#39;s earnings news from mega-cap companies might help the stock market sustain its recent rally.</p><p>Earnings from S&amp;P 500 companies were expected to have risen 6.2% for the second quarter from the year-ago period, according to Refinitiv data.</p><p>Also during the regular session, Coca-Cola Co gained 1.6% after the company raised its full-year revenue forecast. McDonald&#39;s Corp rose 2.7% after beating quarterly expectations.</p><p>3M Co rose 4.9% after the industrial giant said it planned to spin off its healthcare business.read moreGeneral Electric Co gained 4.6% after the industrial conglomerate beat revenue and profit estimates.</p><p>In other outlooks, the International Monetary Fund cut global growth forecasts again.</p><p>Volume on U.S. exchanges was 9.60 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.73-to-1 ratio; on Nasdaq, a 1.72-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 39 new highs and 138 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Indexes Drop As Walmart Profit Warning Spooks Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Indexes Drop As Walmart Profit Warning Spooks Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-07-27 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Walmart cuts profit forecast; news hits retailers</li><li>McDonald&#39;s up as sales, profit top estimates</li><li>Coca-Cola up on forecast raise</li><li>Indexes: Dow down 0.7%, S&amp;P 500 down 1.2%, Nasdaq down 1.9%</li></ul><p>NEW YORK, July 26 (Reuters) - U.S. stocks ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak consumer confidence data also fueled fears about spending.</p><p>Walmart shares sank 7.6% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for food and fuel, and said it needed to cut prices to pare inventories.</p><p>Shares of Target Corp fell 3.6% and Amazon.com Inc dropped 5.2%, while the S&amp;P 500 retail index declined 4.2%.</p><p>On Tuesday, data showed U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher inflation and rising interest rates.</p><p>&#34;The majority of companies that reported today beat (on) earnings, and that&#39;s been the case. But of course there have been some warnings, and that&#39;s what the market is focusing on,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>Amazon, which said it would raise fees for delivery and streaming service Prime in Europe by up to 43% a year, was the biggest drag on the Nasdaq and S&amp;P 500, while consumer discretionary fell 3.3% and led declines among S&amp;P 500 sectors.</p><p>The Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.</p><p>The Dow Jones Industrial Average fell 228.5 points, or 0.71%, to 31,761.54, the S&amp;P 500 lost 45.79 points, or 1.15%, to 3,921.05 and the Nasdaq Composite dropped 220.09 points, or 1.87%, to 11,562.58.</p><p>A busy week for earnings also included reports from Alphabet Inc and Microsoft Corp after the bell.</p><p>Shares of Microsoft were up 5% in after-hours trading while Alphabet was up 5% following the companies&#39; results. Microsoft ended the regular session down 2.7% and Alphabet ended 2.3% lower on the day.</p><p>Investors had been looking to see if this week&#39;s earnings news from mega-cap companies might help the stock market sustain its recent rally.</p><p>Earnings from S&amp;P 500 companies were expected to have risen 6.2% for the second quarter from the year-ago period, according to Refinitiv data.</p><p>Also during the regular session, Coca-Cola Co gained 1.6% after the company raised its full-year revenue forecast. McDonald&#39;s Corp rose 2.7% after beating quarterly expectations.</p><p>3M Co rose 4.9% after the industrial giant said it planned to spin off its healthcare business.read moreGeneral Electric Co gained 4.6% after the industrial conglomerate beat revenue and profit estimates.</p><p>In other outlooks, the International Monetary Fund cut global growth forecasts again.</p><p>Volume on U.S. exchanges was 9.60 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.73-to-1 ratio; on Nasdaq, a 1.72-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 39 new highs and 138 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","TGT":"塔吉特","MMM":"3M",".IXIC":"NASDAQ Composite","GOOGL":"谷歌A","MCD":"麦当劳","AMZN":"亚马逊","KO":"可口可乐",".DJI":"道琼斯","GE":"GE航空航天","WMT":"沃尔玛","MSFT":"微软"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254387856","content_text":"Walmart cuts profit forecast; news hits retailersMcDonald's up as sales, profit top estimatesCoca-Cola up on forecast raiseIndexes: Dow down 0.7%, S&P 500 down 1.2%, Nasdaq down 1.9%NEW YORK, July 26 (Reuters) - U.S. stocks ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak consumer confidence data also fueled fears about spending.Walmart shares sank 7.6% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for food and fuel, and said it needed to cut prices to pare inventories.Shares of Target Corp fell 3.6% and Amazon.com Inc dropped 5.2%, while the S&P 500 retail index declined 4.2%.On Tuesday, data showed U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher inflation and rising interest rates.\"The majority of companies that reported today beat (on) earnings, and that's been the case. But of course there have been some warnings, and that's what the market is focusing on,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.Amazon, which said it would raise fees for delivery and streaming service Prime in Europe by up to 43% a year, was the biggest drag on the Nasdaq and S&P 500, while consumer discretionary fell 3.3% and led declines among S&P 500 sectors.The Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.The Dow Jones Industrial Average fell 228.5 points, or 0.71%, to 31,761.54, the S&P 500 lost 45.79 points, or 1.15%, to 3,921.05 and the Nasdaq Composite dropped 220.09 points, or 1.87%, to 11,562.58.A busy week for earnings also included reports from Alphabet Inc and Microsoft Corp after the bell.Shares of Microsoft were up 5% in after-hours trading while Alphabet was up 5% following the companies' results. Microsoft ended the regular session down 2.7% and Alphabet ended 2.3% lower on the day.Investors had been looking to see if this week's earnings news from mega-cap companies might help the stock market sustain its recent rally.Earnings from S&P 500 companies were expected to have risen 6.2% for the second quarter from the year-ago period, according to Refinitiv data.Also during the regular session, Coca-Cola Co gained 1.6% after the company raised its full-year revenue forecast. McDonald's Corp rose 2.7% after beating quarterly expectations.3M Co rose 4.9% after the industrial giant said it planned to spin off its healthcare business.read moreGeneral Electric Co gained 4.6% after the industrial conglomerate beat revenue and profit estimates.In other outlooks, the International Monetary Fund cut global growth forecasts again.Volume on U.S. exchanges was 9.60 billion shares, compared with the 10.93 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.73-to-1 ratio; on Nasdaq, a 1.72-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 39 new highs and 138 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900095857,"gmtCreate":1658613978179,"gmtModify":1676536180829,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp; Shareholder's meeting next Tuesday, David may announce the fortune 500 deal we have been waiting for. I think the resolution to increase the share count will be passed.&nbsp;","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp; Shareholder's meeting next Tuesday, David may announce the fortune 500 deal we have been waiting for. I think the resolution to increase the share count will be passed.&nbsp;","text":"$Mullen Automotive(MULN)$Bullish Shareholder's meeting next Tuesday, David may announce the fortune 500 deal we have been waiting for. I think the resolution to increase the share count will be passed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9900095857","isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041369148,"gmtCreate":1656021256584,"gmtModify":1676535749611,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FAMI\">$Farmmi, Inc.(FAMI)$</a>meet nasdaq compliance now, reversal may start.","listText":"<a href=\"https://ttm.financial/S/FAMI\">$Farmmi, Inc.(FAMI)$</a>meet nasdaq compliance now, reversal may start.","text":"$Farmmi, Inc.(FAMI)$meet nasdaq compliance now, reversal may start.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041369148","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040201718,"gmtCreate":1655676378034,"gmtModify":1676535680669,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FAMI\">$Farmmi, Inc.(FAMI)$</a>trading below NAV","listText":"<a href=\"https://ttm.financial/S/FAMI\">$Farmmi, Inc.(FAMI)$</a>trading below NAV","text":"$Farmmi, Inc.(FAMI)$trading below NAV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040201718","isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930904086,"gmtCreate":1661896478748,"gmtModify":1676536596101,"author":{"id":"3577147550207659","authorId":"3577147550207659","name":"金錢弟","avatar":"https://community-static.tradeup.com/news/f3b7f4f61fb8c80cae1f168a1a712413","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577147550207659","authorIdStr":"3577147550207659"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/STBX\">$Starbox(STBX)$</a>it may drop below the IPO price&nbsp;","listText":"<a href=\"https://ttm.financial/S/STBX\">$Starbox(STBX)$</a>it may drop below the IPO price&nbsp;","text":"$Starbox(STBX)$it may drop below the IPO 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Inc.(POAI)$</a>Holding well","text":"$Precision Therapeutics Inc.(POAI)$Holding well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076175495","isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}