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Avvaa World Health Care Products Inc. (OTCMKTS: AVVH) Powerful Move Northbound as Co Confirms RM with GoldQuest Capital

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Avvaa World Health Care Products Inc. (OTCMKTS: AVVH) is making a powerful move up the charts after Gold Quest Capital tweeted on Friday: “$AVVH shareholders, the AVVH/GoldQuest Capital merger was finalized over the holiday. Official press release is set for next week. We will provide regular updates going forward now that operations are in the public company.” GoldQuest Capital is an early-stage company whose primary purpose is to fund real estate loans and redevelop select existing real estate assets to beautify communities and create new jobs. GoldQuest Capital’s redevelopment projects will include multi-family residential, commercial, industrial, and heavy industrial real estate. The Company is led by CEO Miguel Sanchez, a high-level executive and top-tier direct lender who worked for two decades in commercial real estate, financial brokerage, and Heavy Industrial financing. Also, on the GQC team are Patrick Ashiofu, Luis Beita, Ankit Amin, Carey W. Cooley, Manuel R. Gonzalez and Jean Paul Garzon. GQC look at all types of projects in all dollar amounts, GQC Development & Construction division, mainly focuses on ratios, looking at developments from $1 million up to $500 million. 

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. AVVH is quickly gaining investors’ attention and is emerging as a volume leader in small caps trading $2.8 million in dollar volume on Monday alone. The stock has liquidity, momentum and a fast-growing shareholder base looking for a break over June highs of $0.103 for confirmation of the next leg up. 

Avvaa World Health Care Products Inc. (OTCMKTS: AVVH) is clean shell registered in Nevada with zero debt on the books. AVVH is “pink current” and describes itself as an OTC shell company with no current operations. The company is planning to merge with GoldQuest Capital, Inc. and plans to change its name to GoldQuest Capital once the merger is complete. 

Microcapdaily first reported on AVVH on May 31, 2021 stating at the time: “Avvaa World Health Care Products Inc. (OTCMKTS: AVVH) is heating up in recent trading with large 6- and 7-digit buys coming in and Friday’s volume topping $2 million in dollar volume. On May 28 AVVH filed an 8k reporting Krisa Management LLC. becoming the new majority owner of the Company with 60% of the Company’s total voting rights. Helping liquidity is SSM Monopoly Corp who has been busy on twitter updating shareholders. Currently they are working hard behind the scenes reinstating the Company with Nevada SOS, settling with the Transfer Agent, and working with OTC Markets to bring it current. On Friday $MDCE was granted Custodianship also SSM Monopoy also recently announced on twitter it has enacted a board resolution to return to the treasury over 1 billion shares of the outstanding for $AVVH. The stock has quickly attracted a fast-growing shareholder base that is bidding AVVH higher with a TSNP style run on their minds.  

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On November 18 CEO Miguel Sanchez provided an update to shareholders stating: “We have successfully integrated our new management team into our company infrastructure and will continue to add new key executives in the coming months. During the past 60 days, we have finalized the company strategy to focus as the funder of choice for highly collateralized real estate first lien notes and real estate investments sourced and originated by the Gold Quest Group, LLC.  The company also plans to fund loans with other real estate brokers that provide opportunities that meet the company’s established funding criteria. Our management team has finalized a proposed merger date for AVVH/GoldQuest Capital for mid-December 2021, shortly after our current reporting period ends. Once the merger is complete, we will be applying to FINRA for a name and symbol change as soon as reasonably possible.” 

The company is in the process of expanding its service offerings and has been laying the groundwork to utilize government programs like SBA, USDA, EXIM bank, and HUD guarantees to help more small businesses access capital. After evaluating several firms, the company has finally settled on its legal counsel and accounting firm to handle its public compliance post-merger. Mr. Miguel Sanchez concludes, “Given that we have received a significant amount of interest in our company, we are in the process of selecting an Investor Relations company to inform and respond to our shareholders and other interested parties. Of key importance to our shareholders, the company has no plans for a reverse split.” 

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AVVH is making a powerful move up the charts after Gold Quest Capital tweeted on Friday: “$AVVH shareholders, the AVVH/GoldQuest Capital merger was finalized over the holiday. Official press release is set for next week. We will provide regular updates going forward now that operations are in the public company.” GoldQuest Capital is an early-stage company whose primary purpose is to fund real estate loans and redevelop select existing real estate assets to beautify communities and create new jobs. GoldQuest Capital’s redevelopment projects will include multi-family residential, commercial, industrial, and heavy industrial real estate. The Company is led by CEO Miguel Sanchez, a high-level executive and top-tier direct lender who worked for two decades in commercial real estate, financial brokerage, and Heavy Industrial financing. Also, on the GQC team are Patrick Ashiofu, Luis Beita, Ankit Amin, Carey W. Cooley, Manuel R. Gonzalez and Jean Paul Garzon. GQC look at all types of projects in all dollar amounts, GQC Development & Construction division, mainly focuses on ratios, looking at developments from $1 million up to $500 million. Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. AVVH is quickly gaining investors’ attention and is emerging as a volume leader in small caps trading $2.8 million in dollar volume on Monday alone. The stock has liquidity, momentum and a fast-growing shareholder base looking for a break over June highs of $0.103 for confirmation of the next leg up. We will be updating on AVVH when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AVVH.

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Disclosure: we hold no position in AVHH either long or short and we have not been compensated for this article.

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Farmer Brothers (NASDAQ:FARM) Announces $100 Million Sale of Northlake Facility, Shifts Production with Focus on Profitability

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Farmer Bros. Co. (NASDAQ: FARM) shares rocketed 88% within the first hour of the opening bell on June 7, 2023.

Farmer Bros. Co. (NASDAQ: FARM) shares rocketed 88% within the first hour of the opening bell on June 7, 2023. This national distributor of coffee and tea intends to sell its direct shipping facility in Northlake for $100 million to TreeHouse Foods (NYQ: THS) and transfer its production operations to Portland, Oregon. The sale includes the 180 employees currently employed at the Northlake plant.

According to $FARM’s CEO Deverl Maserang, this move allows the company to concentrate primarily on its direct store delivery (DSD) business, which is the most profitable and offers the highest growth potential. Maserang stated that the company aims to ensure its direct ship customers are well-served by a national leader while focusing on DSD. After the deal is finalized, Farmer Brothers will relocate its remaining DSD business to its Portland roasting and production plant while maintaining its corporate headquarters in Texas by leasing space in Northlake.

2017 Farmer Brothers first made headlines when it acquired Boyd’s Coffee for nearly $60 million. And just recently, in 2021, Farmer Brothers announced opening a West Coast distribution center. Maserang’s focus is profitability. For a company bringing in an incredible ~496M in revenue annually, you’d think that’s a given. Yet they still reported a ~15M net loss on their June 30th, 2022 earnings, and TTM is ~28M net loss.  

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Farmer Brothers’ direct store delivery business serves coffee, tea, spices, breakfast, and brunch products to 45,000 locations nationwide through a network of 80 independent branches, five distribution centers, and almost 240 routes. Its customer base includes restaurants, food service operators, convenience stores, hotels, casinos, healthcare facilities, and grocery chains.

Founded in 1912, Farmer Brothers is known for its primary brands, such as Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, and Boyd’s. Its sales for fiscal year 2022 reached $469.2 million.

Following the sale of the Northlake facility, the company estimates that its annual revenue will decrease to approximately $350 million. However, as mentioned, their focus is improving profit margins. Chief Financial Officer Scott Drake stated that shifting towards a DSD-focused organization would enhance internal efficiency, reduce operational costs, and increase margins. The company plans to use the proceeds from the sale to pay off debt and streamline its operations.

TreeHouse Foods, headquartered in Oak Brook, Illinois, is a prominent manufacturer of private-label food and beverages in North America. The company operates 26 production facilities in the United States and Canada, including existing locations in Dallas and Carrollton. It was established in 2005 as a spin-off of Dallas-based Dean Foods Co. In 2016, TreeHouse Foods acquired the private brands business from Conagra Brands, marking its most significant acquisition and nearly doubling its size. In 2022, the company reported sales of $3.45 billion.

Analyst Buy Rating Suggests Strong Potential for Growth

As of June 7, 2023, Farmer Bros Co (FARM) had a median target price of $6.00, according to an analyst providing a 12-month price forecast. This indicates a significant increase of 81% compared to the last price of $3.30. The high and low estimates for the stock were also $6.00, reflecting a consensus among analysts regarding FARM’s strong growth potential. An investment analyst polled on the matter has maintained a consistent buy rating for Farmer Bros Co since August. This rating suggests that the company is expected to perform well, and investors are advised to consider purchasing shares. Regarding FARM’s current quarter earnings, the company reported a loss per share of $0.60 and sales of $121.2M. As always, it is essential for investors to carefully evaluate their financial circumstances and risk tolerance before making any investment decisions.

We will update you on FARM when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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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.

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Reunion Neuroscience Inc.’s (NASDAQ: REUN) Take-Private Agreement and Its Impact on Mental Health Solutions

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Reunion Neuroscience (NASDAQ: REUN) shares jump 119% as they announce an exciting new development.

Reunion Neuroscience (NASDAQ: REUN) shares jump 119% as they announce an exciting new development. The clinical-stage biopharmaceutical company has entered into a take-private transaction with MPM BioImpact, representing a significant milestone for Reunion Neuroscience. The transaction is valued at $13.1 million, a 43.1% premium to Reunion’s common shares’ 30-day volume-weighted average price.

Going private is a significant step for Reunion Neuroscience, as it means that a sizeable private-equity group or consortium of private-equity firms will purchase or acquire the stock of the publicly traded corporation.

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Under the terms of the Arrangement Agreement, all holders of outstanding common shares of Reunion will be entitled to receive $1.12 in cash for each share held immediately before the effective time of the Arrangement. However, the agreement’s closing is subject to several conditions, which must be met before the transaction can be completed.

Hostile takeover?

While management and the board think it is a significant milestone achieved, others think differently – an investor rights law firm, Halper Sadeh LLC, is currently investigating it… The sale of Reunion Neuroscience to affiliates of MPM BioImpact for $1.12 per share in cash is currently being investigated by Halper Sadeh LLC.

The investigation concerns whether Reunion and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Reunion shareholders; (2) determine whether MPM is underpaying for Reunion; and (3) disclose all material information necessary for Reunion shareholders to assess and value the merger consideration adequately. On behalf of Reunion shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Reunion Neuroscience’s stock performance has been relatively volatile in recent years. The stock’s median target price, according to analysts’ forecasts, is $5.00, but there is a wide range of estimates, with a high of $20.00 and a low of $0.73. The current consensus among polled investment analysts is to buy $REUN stock. However, they’re a pre-revenue clinical-stage biopharmaceutical company, which means the last earnings reported a loss in the current quarter’s earnings per share – they’ve yet to generate any significant revenue. Until recently, shareholders experienced a significant decline in the stock’s value this year and were down ~54%  prior to the acquisition. There are ~9M shares in the float, with ~28% and ~13% held by insiders and institutional investors, respectively.

Overall, investors should carefully consider the potential risks and rewards associated with investing in Reunion Neuroscience, considering the wide range of price estimates and the company’s current financial performance. Thorough research and the advice of a financial professional are recommended before making any investment decisions.

We will update you on REUN when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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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.

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Wearable Devices Ltd. (NASDAQ: WLDS) Breaking Boundaries with AI

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Israeli technology company Wearable Devices Ltd. (NASDAQ: WLDS) announced that the Mudra Band for Apple Watch is now available for pre-order on their website.

Israeli technology company Wearable Devices Ltd. (NASDAQ: WLDS), known for developing AI-powered touchless sensing wearables, has announced that their flagship consumer product, the Mudra Band for Apple Watch, is now available for pre-order on their website. The company has received thousands of pre-orders as they gear up for their first large-scale manufacturing batch.

In a remarkable turn of events, the company’s shares experienced an astounding surge of 265% at the time of writing, accompanied by a staggering total of 48 million shares being traded. Having operated under NASDAQ compliance standards since September of last year, the company has largely flown under the radar with relatively low trading volume. Currently, approximately 5.88 million shares are available for trading, a significant portion of which are closely held by insiders. The recent groundbreaking news marks a pivotal moment for the company, setting a trajectory for future growth as they assert its dominance in the realm of AI for wearable devices.

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The Mudra Band was initially designed to allow the touchless operation of the Apple Watch using neural signals. However, it has since expanded its features with Air-Touch, which enables users to operate various Apple devices through intuitive finger movements and hand gestures, eliminating the need for physical touch. The latest features also provide seamless device switching and toggling between iPhone, iPad, Mac computer, Apple TV, smart glasses, and mobile gaming devices.

Wearable Devices CEO, Asher Dahan, expressed his belief that the Mudra Band is setting a new standard for user interactions with connected devices, extended reality, and gaming. The company is scaling its marketing and support capabilities to meet the high demand for the product and aims to start shipping in the second half of 2023.

The Mudra Band is compatible with different models of the Apple Watch and is being extensively tested and approved by a global community of Apple enthusiasts. It is the ultimate aftermarket accessory for controlling Apple devices within their ecosystem.

Quick overview of the company

Wearable Devices Ltd. is a growth-oriented company that develops AI-based neural input interface technology for both consumer and business markets. In addition to the Mudra Band, they also offer the Mudra Inspire as a B2B product, providing businesses the same functionality and technology through licensing. The company aims to create disruptive technology that leverages AI and proprietary algorithms, software, and hardware to establish the input standard for the rapidly expanding Metaverse landscape in the tech industry.

More on the Mudra Brand and latest Event

Wearable Devices Ltd. (NASDAQ: WLDS) recently attended a big event called the TinyML Summit. They recently had the chance to show their technology firsthand and have users experience their award-winning aftermarket band for the Apple Watch – enabling touchless control of Apple products using subtle finger and wrist movements.

The tinyML Summit is a vibrant gathering that attracts a diverse range of professionals and enthusiasts from various industries. Engineers, developers, managers, executives, and founders involved in developing sensors, silicon, software, machine learning tools, or systems for the tiny ML (machine learning) market come together at this event. It also appeals to system designers and integrators seeking to incorporate low-power, low-cost machine learning into their devices and products across different verticals, such as consumer electronics, industrial applications, extended reality (XR), healthcare, and more.

On top of the band, the company also highlighted its multi-device functionality that allows for seamless control across not just the Apple watch but also other Apple devices like iPhones, iPads, Mac computers, and Apple TVs

As mentioned, the summit provides a dynamic platform for showcasing cutting-edge technology in machine learning on edge devices and fostering knowledge exchange among industry leaders. In the past year, the company behind this groundbreaking technology has meticulously fine-tuned its product, remaining relatively low-key as it devoted its efforts to perfecting its innovation. 

The company is strategically leveraging events like the tinyML Summit to gain exposure. The response has been remarkable, as the product has already generated tremendous buying interest, evident from the large pre-order numbers they are experiencing. This surge in interest signifies the excitement surrounding their offering and the anticipation of what this groundbreaking technology can achieve.

We will update you on WLDS when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!

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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.

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