Media & Technology
Astra Veda Corporation (OTCMKTS: ASTA) Powerful Runner as Tech Pioneer Nears Pink Current & Ballistic Barrier Products Inc. (BBP) JV Gains Traction
Astra Veda Corporation (OTCMKTS: ASTA) continues to move northbound in a hurry recently eclipsing the $0.01 mark and moving well into copper land. The stock has emerged in recent weeks as a volume leader in small caps attraction legions of new shareholders including some heavy hitters on the OTC. Currently under heavy accumulation ASTA is moving steadily northbound with many new investors buying in every day. Microcapdaily reported on ASTA when the stock was still trading in the double zeroes stating at the time: “ASTA is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – and ASTA has much stronger fundamentals then Tesoro ever did.” ASTA is focused on becoming fully reporting and moving to “pink current” recently reporting its OTCIQ application has been officially approved by the OTC Markets Group. The Companies draft OTC Markets disclosure is being reviewed by a highly qualified Certified Public Accountant (CPA), then will be reviewed by a designated attorney to fulfill the requirement of Attorney Letter with Respect to Current Information. Once these steps are completed, ASTA will upload the finalized disclosures to be reviewed and accepted by the OTC Markets Group.
Big things are happening at ASTA since new CEO James M. Davis, a high-level executive who played a key rose in the founding of High-Speed Access Corporation contributing to the more than Two-Billion-dollar initial public offering on NASDAQ became the controlling shareholder of the Company. Punchzee is a joint venture development effort between Paranotek, LLC and a group of private investors. Punchzee is a disruptive data-driven project management and team communication platform for the construction industry, property management companies and home developers and inspectors. Punchzee currently manages over 100,000 critical life, safety and fire certification and inspection tasks for companies throughout the eastern United States, including the NYPD and hospital systems through the area. More recently ASTA formed a jv to manufacture Bullet BarrierTM Products. The new entity is called Ballistic Barrier Products Inc. (BBP), and responsible for product development, manufacturing and sales support for ballistic resistant window and door coverings fulfilling the incredible demand for orders. A facility has already been identified in the heart of the textile industry in the Southeastern US with close regional support for materials, equipment, and skilled labor.
Astra Veda Corporation (OTCMKTS: ASTA) operating out of Aurora, Colorado co-founds technology companies and incubate them to maturity to generate revenue for Astra and its partners. The Company builds winning products in a capital-efficient way, using design thinking, lean startup and agile development methodologies. The Company changed their name to ASTA from WRFX back in June 2019.
A
STA operating subsidiaries are Paranotek; a global innovation company focused on developing mobile apps and licensing robust technologies that increase personal and corporate information privacy through breakthrough advancements in encryption. Paranotek began as a Finnish technology and design company working together with US partners. Paranotek has developed a disruptive and future-proof encryption technology called Parano™ that can be integrated into existing software and apps for everyday life.
Punchzee is a joint venture development effort between Paranotek, LLC and a group of private investors. Punchzee is a disruptive data-driven project management and team communication platform for the construction industry, property management companies and home developers and inspectors. Punchzee currently manages over 100,000 critical life, safety and fire certification and inspection tasks for companies throughout the eastern United States, including the NYPD and hospital systems through the area.
ASTA has a strong management team behind it; the Company’s CEO James M. Davis who recentlhy took control of the Company from Bradley Martin Listermann is a high-level executive who played a key rose in the founding of High-Speed Access Corporation contributing to the more than Two-Billion-dollar initial public offering on NASDAQ. A year later, the company was later purchased by Charter Communications owned by Microsoft co-founder Paul Allen. In addition to his academic achievements in Cognitive Human Behavior from the University of Maine, he maintains an active Top-Secret clearance from the US government. Mick continues advising government agencies on a variety of confidential initiatives as a highly compensated expert (HCE).
In May the Compay made a substantial investment in a joint venture to manufacture Bullet BarrierTM Products. The new entity is called Ballistic Barrier Products Inc. (BBP), and responsible for product development, manufacturing and sales support for ballistic resistant window and door coverings fulfilling the incredible demand for orders. A facility has been identified in the heart of the textile industry in the Southeastern US with close regional support for materials, equipment, and skilled labor. BBP will be selling to residential and commercial customers as well as schools and government entities both domestically and abroad in the coming months. Partners in the venture include Astra Veda Corporation, Egres Enterprises and Rift Management Inc. (RMI). Astra is focused on co-founding technology companies and incubate them to success.
https://twitter.com/WoShaun/status/1430208368866742278
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Microcapdaily first reported on ASTA on August 3 when the stock was still in the dobule zeroes atating at the time: Astra Veda Corporation (OTCMKTS: ASTA) is moving northbound with power in recent days having surpassed previous highs the stock is now on a blue-sky breakout. ASTA is quickly emerging as a volume leader in small caps attraction legions of new shareholders including some heavy hitters on the OTC. Currently under heavy accumulation ASTA is moving steadily northbound with many new investors buying in every day. ASTA is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – and ASTA has much stronger fundamentals then Tesoro ever did.
Earlier this month Astra reported its OTCIQ application has been officially approved by the OTC Markets Group. Chairman and CEO Mick Davis beamed with pride stating, thanks to the tireless efforts of our entire team, friends, family and generous support from a key investor, together we transformed the Company from its crooked and shady past to its bright and straightforward trajectory ahead. To answer the most pressing question from new shareholders, Davis said, we will meet the S.E.C. Rule 15c-211 amendment requirements with updated OTC disclosures before the deadline. We have a prosperous horizon ahead coupled with our focused strategy. We are not deviating from that course of action no matter the rumor or emotion of the day.
Our draft OTC Markets disclosure is being reviewed by a highly qualified Certified Public Accountant (CPA), then will be reviewed by a designated attorney to fulfill the requirement of Attorney Letter With Respect to Current Information. Once these steps are completed, we will upload the finalized disclosures to be reviewed and accepted by the OTC Markets Group. The Company has accomplished our foundational objective in creating a rock-solid GAAP accounting ledger from the ashes of the past. We have created extensive financial processes and procedures preparing for our first audit in 2022. We are now laser focused on revenue production with our subsidiary and joint ventures. We have bold objectives with innovative opportunities. Revenue development activities is under way with our investment affiliates which will drive the Company toward a dividend enriched future.
Thank you again to all the long-term shareholders for your faith while we remained dark. This strategy was purposeful to prevent additional share dilution and manipulation by bad actors empowered by the former leadership during our recovery and rehabilitation period. The future for the Astra Veda Corporation is very clear. The last barriers to success are now behind us. We look forward to sharing tremendous news with the public as facts emerge in the coming days.
$ASTA pic.twitter.com/Wyan684OeG
— Collective Bulls (@CarlFMerz) August 20, 2021
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ASTA continues to move northbound in a hurry recently eclipsing the $0.01 mark and moving well into copper land. The stock has emerged in recent weeks as a volume leader in small caps attraction legions of new shareholders including some heavy hitters on the OTC. Currently under heavy accumulation ASTA is moving steadily northbound with many new investors buying in every day. Microcapdaily reported on ASTA when the stock was still trading in the double zeroes stating at the time: “ASTA is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – and ASTA has much stronger fundamentals then Tesoro ever did.” ASTA is focused on becoming fully reporting and moving to “pink current” recently reporting its OTCIQ application has been officially approved by the OTC Markets Group. The Companies draft OTC Markets disclosure is being reviewed by a highly qualified Certified Public Accountant (CPA), then will be reviewed by a designated attorney to fulfill the requirement of Attorney Letter with Respect to Current Information. Once these steps are completed, ASTA will upload the finalized disclosures to be reviewed and accepted by the OTC Markets Group. Big things are happening at ASTA since new CEO James M. Davis, a high-level executive who played a key rose in the founding of High-Speed Access Corporation contributing to the more than Two-Billion-dollar initial public offering on NASDAQ became the controlling shareholder of the Company. Punchzee is a joint venture development effort between Paranotek, LLC and a group of private investors. Punchzee is a disruptive data-driven project management and team communication platform for the construction industry, property management companies and home developers and inspectors. Punchzee currently manages over 100,000 critical life, safety and fire certification and inspection tasks for companies throughout the eastern United States, including the NYPD and hospital systems through the area. More recently ASTA formed a jv to manufacture Bullet BarrierTM Products. The new entity is called Ballistic Barrier Products Inc. (BBP), and responsible for product development, manufacturing and sales support for ballistic resistant window and door coverings fulfilling the incredible demand for orders. A facility has already been identified in the heart of the textile industry in the Southeastern US with close regional support for materials, equipment, and skilled labor. We will be updating on ASTA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ASTA.
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Disclosure: we hold no position in TXTM either long or short and we have not been compensated for this article.
MSP Recovery (NASDAQ: LIFW) has been on quite the rollercoaster ride, defying gravity with over 400% gain since September 14th, 2023 with over 240% of that gain happening this week alone. However, the exact reasons behind this meteoric rise remain elusive. Typically, when a company drops major news, you’d expect an instant stock reaction. But in this case, the last significant update from the company was about a week ago, and it’s questionable whether that news was much on the positive side, yet the stock is still zooming upwards.
Background:
Let’s delve into the nitty-gritty of what MSP Recovery, more prominently known as LifeWallet, is all about. Imagine them as the healthcare financial detectives, diligently sifting through the complexities of medical billing and reimbursements. They specialize in recovering money owed to healthcare providers. If an insurance company owes a hospital for a patient’s treatment, these folks ensure that the hospital gets the rightful compensation. But their innovation doesn’t stop there.
Enter “LifeWallet,” their brainchild—a powerful tool designed to revolutionize healthcare transactions. Picture it as a savvy assistant for healthcare professionals, standing by their side in the hustle and bustle of medical care. LifeWallet’s magic lies in its ability to decipher the complexities of healthcare billing and insurance. It guides doctors and hospitals, helping them navigate the tangled web of who should foot the bill, especially in post-accident treatments. It’s a digital ally ensuring fair compensation and smooth financial transactions in the intricate healthcare landscape.
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MSP is making waves in the healthcare domain with this innovative approach, leveraging data analytics to streamline processes and champion fair compensation for healthcare providers. Much like a rollercoaster ride, their journey promises excitement, surprises, and an undeniable thrill in the world of healthcare finances.
Legal Battles and CEO Extravagnce:
Step back and look at their stock chart—MSP has taken a major hit in value this year, and it’s not without reason. Surprisingly, digging into the company’s operations revealed some unpleasant surprises we hadn’t anticipated. It’s been a rough ride for them.
The company was just recently involved in a class action law suit led by recognized leader in shareholder rights litigation, Robbins LLP. The case revolved around MSP not providing essential information to investors transparently.
There were a number of claims mentioned, here’s a quick list.
- MSP didn’t reveal there was an ongoing investigation by the SEC and federal prosecutors.
- They gave out financial information to investors that was significantly wrong and deceptive.
- When admitting they needed to fix their financial results, they didn’t reveal the full extent of the issues.
- MSP couldn’t financially handle the claims they were assigned to manage by a major health and engaged in deceitful actions with said provider
- The Registration Statement had lots of wrong or misleading statements and was poorly prepared.
- Their Proxy also had false or misleading statements.
It all started on July 31, 2023, where The Miami Herald unveiled significant revelations. Stating the CEO John H. Ruiz has been living quite the lifestyle buying several waterfront mansions in Miami, even an entire Boeing passenger jet.
It’s not surprising the Ruiz’s lifestyle was so extravagant considering LifeWallet was once valued at more than $32 billion, but as you can see the company is now worth a small fraction of that. That said, Ruiz’s expensive lifestyle would be tough to continue.
Then again, on August 1, 2023, the Company made disclosures to the SEC (Form 8-K), confirming The Miami Herald’s findings. The stock took another substantial hit, dropping over 12%. Adding to the unfolding drama. After that, a substantial $67 million lawsuit was filed against the Company on the same day, resulting in an 18% plummet in the stock price.
The narrative continues on! On August 17, 2023, MSP acknowledged a notification letter from Nasdaq’s Listing Qualifications Department. They confirmed the Company’s non-compliance with Nasdaq’s Rule 5250(c)(1) due to a delayed Form 10-Q filing for the period ending June 30, 2023. This revelation caused a 19% stock price drop over two days.
With that said, we’ll bet you’re seriously wondering how could this company could possibly see recovery (pun intended) after all these allegations were laid out.
What happened:
Surprisingly enough, it seems Robbins LLP just recently lost the case against MSP and there was an announcement made on September 13th, 2023 about it. All those allegations have vanished into thin air. It’s baffling how a company with so many strikes against it can seemingly wrap things up so quickly. The whole situation leaves us questioning what’s really going on.
Since the announcement the other week, the company’s valuation has skyrocketed, at some points even peaking at an increase of over 400%. Naturally with that kind of trading action, it’s no surprise day traders are getting in on the action. MSP is trending all over Twitter amongst notable users like @timothysykes, @stockplaymaker1, and @AngryRed316 talking about it.
At this point, it looks like investors are basing their trades more on chart patterns and less on the company’s solid financial footing. MSP didn’t deliver great news in its latest earnings report, showing quite a large net loss of over $400 million. It’s quite likely the allegations had a role to play in this financial blow. The real question is if MSP can get its act together, start making real profits, and avoid a chapter 11. Either way, we’ll continue to follow along to see how things pan out!
We will update you on LIFW when more details emerge, subscribe to Microcapdaily to follow along!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture geralt by from Pixabay.com
Featured
VCI Global (NASDAQ: VCIG) Joins Forces with Microsoft Azure OpenAI: A Tech Revolution Unleashed
VCI Global (NASDAQ: VCIG) is back on the radar with another significant gain of 84%. We wrote about this company just recently in June, where it popped 156% on the announcement of their “Socializer Messenger”. The company is now teaming up with Microsoft Azure OpenAI through its subsidiary, V Galactech Sdn Bhd. This partnership brings together their AI know-how to reshape the world of business solutions, making waves in the tech scene by using Microsoft Azure OpenAI services.
This collaboration is all about meeting the growing demand for tech advancements that are fast, smooth, and globally connected, helping businesses connect better with their customers. It’s also a boost to VCI Global’s AI consulting skills.
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$VCIG we are short 7 a figure position from $8.8
— Benjamin Yo (@short_cap) August 23, 2023
By tapping into what Microsoft Azure OpenAI offers, VCI Global is jumping into the tech world’s fast lane. They plan to come up with some cool innovations, like Generative Pre-trained Transformer 4 (GPT-4) and Microsoft’s new AI-powered chat tool, Bing Chat Enterprise. Plus, they’ll use Microsoft Azure OpenAI’s cutting-edge AI for their projects, including the super-smart AI-assisted sales platform, robosale software.
https://twitter.com/ShortDaPos/status/1694403174566858783?s=20
Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, is very excited about this partnership. He mentions, “We’re thrilled to dive deep into AI innovations, especially with Microsoft Azure OpenAI. We can’t wait to see how this partnership transforms how businesses connect with customers in the ever-changing tech world. The sky’s the limit, and we’re ready to help our clients ride this AI wave.”
About VCI Global Limited:
VCI Global is a versatile consulting group that’s all about helping businesses with their tech and strategy. They give advice on business strategies, help with investor relations, and provide tech know-how. They mainly work in Malaysia, but they also serve clients in Malaysia, China, Singapore, and the United States, covering a bunch of different industries.
If you want to know more about them, just head to https://v-capital.co/.
About Microsoft Azure Open AI:
Microsoft Azure OpenAI is like a treasure chest of artificial intelligence tools and solutions made to help businesses. They offer everything from AI Services to Machine Learning and AI infrastructure, all aimed at helping businesses make the most of AI for their growth and innovation.
We will update you on VCIG when more details emerge, subscribe to Microcapdaily to follow along!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture by Mohamed_hassan from Pixabay
Mobilicom (NASDAQ: MOB), a company providing cybersecurity and reliable solutions for drones and robotics secures its largest order to date from Teledyne Technologies Incorporated (NYSE: TDY) – shares rocket 123%. $TDY is one of the world’s largest manufacturers of small-sized drones and robotics.
Overview:
This $19B Tier-1 customer has now incorporated Mobilicom’s SkyHopper PRO into its latest small-sized drone platform. This is yet another testament to Mobilicom’s systems as they have already successfully integrated into 44 design wins by various drone and UAV manufacturers.
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More importantly, Teledyne has made significant progress in transitioning from the design phase to production and commercial sales with the U.S. Department of Defense. The company’s latest purchase order appears to reflect only the beginning of potentially multiple recurring orders as they prepare for their first-ever production order for the U.S. DOD.
“As Teledyne-FLIR continues to win additional orders for its small-sized drone platforms with end users such as the U.S. DOD, other federal agencies, and commercial customers, Mobilicom is well positioned for more sales of its Skyhopper Pro,” stated Mobilicom CEO Oren Elkayam. “We see the sales of these systems to the U.S. DOD, one of the largest and most selective procurers of technology, as a strong testament to the excellence of Mobilicom’s market-leading end-to-end solutions.”
$MOB picture perfect daily chart breakout long pic.twitter.com/iotFuWEKfz
— AT09 (@AT09_Trader) July 10, 2023
About SkyHopper PRO:
The SkyHopper PRO is a communication system for drones that ensures secure data transfer. It offers a number of advantages and customization compared to competitors, here’s a quick overview:
Cybersecurity: Prioritizes cybersecurity, ensuring the secure transfer of data between the drone and the ground control station. This feature helps protect sensitive information and prevents unauthorized access or interference.
Reliability: The system is designed to provide robust and reliable communication even in challenging environments. It supports long-range and non-line-of-sight communication, enabling seamless connectivity between the drone and the ground station, even when obstacles are present.
Versatility: Supports multiple transmission modes, including point-to-point and point-to-multipoint communication. This versatility enables various communication setups, such as multi-drone operations and communication to multiple receivers, enhancing flexibility in drone missions.
Industry Integration: Systems have been integrated into numerous design wins by drone and UAV manufacturers indicating their compatibility and suitability for a wide range of platforms. The proven track record of integration demonstrates the system’s adaptability and reliability.
End-to-End Solution: End-to-end solutions for cybersecurity and robust communication. This comprehensive approach ensures seamless integration, streamlined operations, and enhanced overall performance for drone missions.
$MOB nice, market makers back from vacation pic.twitter.com/8pUYs9VUgR
— Jason Rutkowski (@JasonRutkowski3) July 10, 2023
About Mobilicom:
Mobilicom is a leading provider of end-to-end cybersecurity and robust solutions for drones and robotics. They focus on serving global manufacturers in these industries, offering patented Mobile Mesh networking technology and a proven portfolio of commercialized products. With a growing high-profile global customer base, including corporations, governments, and the military, Mobilicom stands out for its outstanding security capabilities and performance in harsh environments. They derive revenue from hardware and software sales, licensing fees, and professional support services.
About Teledyne Technologies (NYSE: TDY):
Teledyne Technologies is a global leader known for its innovative solutions in aerospace and defense, environmental sensing, and digital imaging. The company’s success stems from a strong emphasis on research and development, enabling them to introduce cutting-edge technologies and meet customer needs effectively. With a focus on quality and customer satisfaction, Teledyne Technologies has earned a solid reputation in the industry. Strategic acquisitions have further strengthened their capabilities, expanding their product offerings and market reach. Through adaptability and a commitment to delivering value, Teledyne Technologies has established itself as a prominent player in various verticals in multiple industries, ultimately paving the way for the company’s current $19B stature in the market.
We will update you on MOB when more details emerge, subscribe to Microcapdaily to follow along!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Picture by Pexels from Pixabay
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