Red Robin Gourmet, up 26% on 324300 shares traded after Vintage Capital Management, LLC proposed today in a letter to offer $40.00 per share and acquire 100% of the company in a hostile effort to reorganize the board. Read more
Oil jumps 3% after tanker attack in the Gulf of Oman. Link
Dow rises 100 points, CNBC reports
Dryships up 21% after George Economou proposes to buy all of the outstanding shares he currently doesn’t own for $4.00. As of now at 9:43, the price is $3.84, a 15 cent discount to his offer. Through his company, SPII Holdings Inc, he controls 83% of the company
Earth Science up 27% on 271 000 shares traded. Having trouble locating a material event, and if you go to the company website and click “news”, it takes you to globenewswire, which is a first for us. If you click on “company overview”, it takes you to otcmarkets.com, another first. Also there was recently some very suspect posts on ihub. Check this out
We will be posting a password-protected report on this company soon. You can understand why we would choose not to share this report freely.
Crowdstrike nearly doubles after IPO, up 13% today, Read more
Here are some highlights from the 424B4 released at 6:03am today
Bitcoin made a bit of a move yesterday, up about 200 points in 24 hours. Grey Scale Ethereum Classic Trust is up 12%
Opgen went up as much as 100% today after reporting “New Data Demonstrating Clinical Utility for Antibiotic Resistant Urinary Tract Infection Patient Management and for Rapid Carbapenem-Resistant Bacteria Outbreak Detection” Read more
CLIC Technology, Inc. is up 90% after announcing the launch of a browser extension that will allow customers to make everyday purchases on Amazon using the open source, public, blockchain-based distributed computing platform Ethereum.
“Powered by Plasma Cash design pattern for off-chain processing of an on-chain assets provided by Opporty, the new extension will bring a modern day cryptocurrency economy one step closer to becoming a reality.
Traditional Ethereum-based platforms are made to handle, on average, about 20 transactions per second, far less than what is needed for a functioning financial ecosystem. By comparison, Amazon processes upwards of 300 transactions per second, typically making it incompatible with the digital currency.
But with Opporty’s Plasma Cash, CLIC Technology can now dramatically accelerate transaction speeds while reducing loads on the system. It can process a significantly larger number of transactions per second, potentially exceeding those of Visa and Mastercard”. Read more
Coda Octopus Group Reports Fiscal 2019 Second Quarter Financial Results, up 37%.
Link to the press release
Fiverr international debuts on the NYSE, up 44%. IPO’s have been smoking hot lately. Poor UBER, Trump just had to go and make that China announcement right around the time of their IPO.
Savara down 74% on 5 million shares traded after announcing disappointing results for their Phase 3 Study of Molgradex for the Treatment of Autoimmune Alveolar Pulmonary Proteinosis (aPAP)
Restoration Hardware up 22% after positive updates for earnings expectations
Read full report
Reuters Exclusive: Colombia’s Grupo Argos approaches Summit Materials about merger. Link