Media & Technology
Cov-Shield (The Rise of G2) Galaxy Next Generation Inc (OTCMKTS: GAXY)
Published
4 years agoon
Galaxy Next Generation Inc (OTCMKTS: GAXY) is emerging as one of the most exciting plays in penny stocks that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. G2 management has been working hard behind the scenes paying down convertible notes to avoid dilution. They also just filed an s-8 registering restricted preferred shares for employee compensation as well as updated shareholders that they will file the annual report 10-K with the SEC and issue a press release for fiscal year end June 30, 2020 results by September 30, 2020.
G2 provides technology to the classroom of today for the generation of tomorrow and has been getting noticed for its Cov-Shield line of products that are selling at a rapid rate as school districts open up. G2 initially announced it sold over $250,000 in Cov-Shield products in its first month on the market. Since than the Company has announced at least $1.2 million in installations and purchase orders of its red hot Cov-Shield line of products.
Galaxy Next Generation Inc (OTCMKTS: GAXY) with executive offices in Toccoa, Georgia, Jacksonville, Florida, Broomfield, Colorado and Peoria, Arizona, G2 is a leading U.S. distributor of interactive learning technology hardware and software solutions that empower teachers to motivate and engage students in learning activities. G2 works hand-in-hand with educators to help them evolve how teaching and learning happens in their 21st Century Classrooms. This new approach leverages digital content, learning data, and one-of-a-kind technologies in order to create an immersive and interactive experience. G2 ultimate purpose is to motivate the student to learn. When coupled with the Company’s intimate knowledge of the learning process, its transformative new classroom technologies enable G2 to effectively partner with teachers and students to create dynamic environments that motivate students to learn. G2 distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and the K-12 education market which is the largest customer base for G2 products – comprising nearly 90% of the company’s sales. G2 is led by seasoned corporate executive Gary LeCroy who has acted in senior management positions for a multiple of public Company’s since 2004. During his time as the head of G2, Mr. LeCroy has taken the company through a multitude of evolutions. From printing services, to AV product integration to the eventual manufacturing of interactive flat panels. Mr.LeCroy’s astute management practices and way with his employees are what has driven G2 to be so successful and to experience such rapid expansion.
G2 brands include; G2 Phoenix Communicator, a school bell and intercom system that provides key information not only to your school campus but even district wide. Schools depend on their bell schedules to communicate with the students when it is time to head toward their class, get to the next class or even clean up the lab for their current class. Phoenix Communicator allows for virtually unlimited schedules playing throughout the entire school, specific zones or classrooms. The school staff may choose from over 60 included audio files or upload their own custom files to the system. The staff may even create a playlist for special events. Setting unique colors for each schedule allows easy identification on the Phoenix Communicator bell schedule calendar as well as setting exceptions for special events and holidays. G2 Phoenix Communicator is available in both a Cloud and on premises version and provides a map which provides a color coded visual of each zone and the ability to initiate a call to any location in the building from the map. Phoenix Communicator’s ability to connect with its devices is paramount to the system’s operation. Phoenix Communicator provides both passive and active information related to each device being online. Phoenix Communicator Desktop and Android applications display visual messages, (including audio if desired), on the screen of your PC, MAC or Interactive Flat Panel.
G2 Adjust-A-Mount Height-Adjustable Wall Mounts for Interactive Displays come in three sizes 200, 400, and 600 and are perfect for the Office, School, Healthcare, and Tradeshows. This panel is too tall. This panel is too short. With ADJUST-A-MOUNT this panel is just right! G2 patented ADJUST-A-MOUNT allows 15.7 inches vertical adjustment making the ADJUST-A-MOUNT the perfect addition to any panel installation. The ADJUST-A-MOUNT is available in three weight classes allowing for panels from 37 inches to 90 inches, (50 to 198 Lbs.) Smooth Height Adjustment allows for any desired display position with 15.7 inches (400 mm) of vertical travel. Match the ADJUST-A-MOUNT to the weight of your panel. With a simple turn of a bolt and included mount make attaching the panel to the mount as simple as hanging a picture.
G2 Interactive TeacherView Distance Learning Software by Radix, powered by G2 allows teachers to easily shares their screen and manage their class’s learning on school or BYOD devices, when in school or at home and assist students in real-time. G2 Interactive streamlines the learning experience and keep your finger on the classroom pulse. It allows teachers and students to share screens and video camera, Distribute content and share websites, Use multi-user whiteboard for collaborative learning, Respond silently to electronic “hand raises” Conduct surveys and quizzes, Work alongside or remotely take control of screens, View thumbnails of students’ screens in real-time, Keep students on-task and apply device usage policies. Lock screens to maximize attention and minimize distractions. Limit access by blacklisting and whitelisting websites and apps. G2 also sells Integrated Computers (coming soon). Interactive Panels and Mounts & Accessories. G2 SLIM Interactive Flat Panel by Galaxy Next Generation. The 4K resolution of the G2 SLIM panel redefines image clarity. All G2 panels come with Android 8, eShare, G2 Control by Radix, G2 Note and Draw View software application and multiple inputs. The G2 SLIM is available in four standard sizes, 55, 65, 75 and 86 inch models. If you have a room where a statement is really needed. We also have the 98-inch model. EShare is a wireless multi screen interaction application which makes the user experience natural and enjoyable. Each G2 Interactive Flat Panel comes pre-installed and ready to use with your PC, MAC, Chromebook, Android and IOS devices. G2 Control by Radix is a powerful remote device management license included with every G2 SLIM. All G2 SLIM panels are factory loaded with the Android 8.
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G2 “Cov-Shield” is a clear barrier that is easy to set up, easy to move and easy to clean! G2 Cov-Shield comes in two types. 1. Trifold which is easy to carry and setup. 2. A la carte Panels for more permanent solutions and are quickly gaining traction with multiple shools making significant bulk orders of the products. The fall school year is right around the corner and schools are working to find solutions to help maintain distance between their students. G2 “Cov-Shield” is the ideal barrier to protect personalized workspace is the perfect solution for students as school reopen. Cov-Shield is available in a variety of sizes from 22-inch to 72-inch and is easy to set up, easy to move and easy to clean. Sales have been swift and growing exponentially. The expanded customer base for Cov-Shield has come from multiple new states including Louisiana, Kentucky, Rhode Island, Colorado, Pennsylvania, Arkansas, Illinois and Florida. Some of the benefits of Cov Shield include; Meets CDC guidelines, No assembly required – folds up flat, Student finger protection design with pinch guard, Stress protection – provides safeguard/buffer. Allows for more students per class. Easy to clean and disinfect. Easily stored – won’t lose parts. G2 initially announced it sold over $250,000 in Cov-Shield products in its first month on the market. Since than the Company has announced at least $1.2 million in installations and purchase orders of its red hot Cov-Shield line of products.
Last year G2 acquired a wholly owned subsidiary Interlock Concepts, Inc., a west coast based audio company focused on creating innovative products that provide fundamental tools used for building notification systems. Interlock Concepts, Inc., generated approximately $4 million (unaudited) in revenue through the twelve-month period ending June 30, 2019. Interlock Concepts products and services allow institutions access to intercom, scheduling and notification systems they use every day with improved ease of use. It provides an open architecture solution which allows its products to be used in many existing and new environments. Intercom, PA, Bell and control solutions are easily added and integrated with its first to market open architecture design and current software model. Its products combine elements not normally found together over a common IP network, which minimizes infrastructure requirements and reduces costs by combining systems. This strategy also places it at the forefront of school safety and communication.
G2 has been very busy recently completing successful installations of interactive panels at Newtown County Schools in Georgia and a school in south Florida. The panels were installed under purchase orders from April of approximately $550,000 from Newton County Schools, Georgia and a school in south Florida. The Newtown County public school district includes 20,000 students and 13 elementary schools, 5 middle schools and 3 high Schools and has deployed interactive touch panels campus wide. This build on the previously announced 20,000 Cov-Shield face-shields units ordered by County Public Schools of Tampa, Florida. G2 Interlock Concepts subsidiary completed installations of its Phoenix Bell and Intercom systems at six additional schools in Colorado. These successful installations fulfilled obligations from contracts that were previously awarded in the spring. Last week the Company was awarded a new $172,000 contract from Thompson County School District in Colorado. This additional school extends the existing contract between the school district and G2 to upgrade the older/current school projects. G2 also recently received a commitment for 35,000 Cov-Shield units or up to $600,000 in Cov-Shield products from a school district in southern Texas. The city is a top ten most populous city in Texas. The school district encompasses 31 schools for its more than 1,400 teachers and over 23,000 students.
Galaxy Next Generation Inc (OTCMKTS: $GAXY is emerging as one of the most exciting plays in penny stocks that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. 🔥🚀 https://t.co/JCgcCDujb8 pic.twitter.com/rrs289B5sG
— The Tiger 🐅 (@cooltigerx) September 20, 2020
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GAXY is emerging as one of the most exciting plays in penny stocks that has quickly attracted an enormous and growing shareholder base who continue to accumulate at current levels. G2 management has been working hard behind the scenes recently paying down convertible notes to avoid dilution. The Company also filed an s-8 registering restricted preferred shares for employ compensation as well as updated shareholders that it will file its annual report 10-K with the SEC and issue a press release for its fiscal year end June 30, 2020 results by September 30, 2020. G2 provides technology to the classroom of today for the generation of tomorrow and has been getting noticed big time for its Cov-Shield line of products are selling at a rapid rate as school districts open up. G2 initially announced it sold over $250,000 in Cov-Shield products in its first month on the market. Since than Galaxy has announced at least $1.2 million in installations and purchase orders of its red hot Cov-Shield line of products. Microcapdaily started reporting on GAXY at $0.003 in early July. We will be updating on GAXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GAXY.
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Disclosure: we hold no position in GAXY either long or short and we have not been compensated for this article.
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Featured
Meta Materials (NASDAQ: MMAT): More Due Diligence and Exploring Latest Developments
Published
11 months agoon
January 16, 2024Meta Materials (NASDAQ: MMAT) witnessed a significant uptick in trading activity on January 16th, 2024, resulting in a notable 20% increase in its stock value by market close. Intrigued by this surge, we explored various sources, including press releases, SEC filings, and social media, to identify the catalyst behind this sudden gain.
Unexpectedly our research revealed no recent material releases. Instead, the surge seems tied to an announcement from a few days ago that didn’t grab much attention at first. As time passed, it started generating more buzz but there’s still a lot more to dig into and a number of ideas to consider for today’s rally.
If you haven’t caught up on our previous analyses of MMAT, you can find the overview here. In this report, we aim to explore the cause-and-effect dynamics of recent events, offering insights that might illuminate expectations for Meta Materials in the near future.
Background:
If you’re new to MMAT or haven’t been a long-time follower, let’s kick things off with a quick intro to the company.
Meta Materials stands at the forefront of advanced materials and nanotechnology. Their focus is on pioneering novel products and technologies utilizing sustainable and innovative scientific approaches. The interesting part is their advanced materials have the transformative power to enhance a variety of common products, infusing them with heightened intelligence and sustainability.
Leveraging its technology platforms, they’re capable of empowering global brands in creating cutting-edge products that elevate overall performance.
Their technology has application across multiple industries including aerospace and defense, consumer electronics, 5G communications, batteries, authentication, automotive, and clean energy. Their agreement with Panasonic is certainly a great start to empowering their growth in one of many verticals. Overall the TAM is ~$32B and with current growth rates, it’ll increase to a whopping ~$61B by 2026.
MMAT’s goal is to shape a smarter and more sustainable world. If you look through their presentation, you can continue to evaluate the many ways their technology transforms everyday lives. We highly suggest you take a look.
Additional Resources:
- @LauraLoomer’s video on MMAT
- @metaheadj’s post on X, displaying Rob Stone‘s response update for an investor
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What Happened:
So, MMAT issued a press release on January 11th, 2024, announcing a proposed settlement with the Securities and Exchange Commission (SEC) concerning an investigation related to the Torchlight Energy Resources, Inc. and Metamaterial Inc. merger.
According to the release, The company has extended a settlement offer (Proposed SEC Settlement) to the SEC’s Division of Enforcement. This proposed settlement aims to address concerns regarding antifraud, reporting, books and records, and internal accounting control provisions of securities laws. It is important to note that the Proposed SEC Settlement is contingent on approval by the SEC Commissioners, and the company cannot predict the approval timeline.
If accepted, the Proposed SEC Settlement would involve the SEC entering a cease-and-desist order and the company paying a civil money penalty of $1 million over a one-year period in four installments. Notably, the company would neither admit nor deny the findings outlined in the Order.
The company’s board of directors and management team view the Proposed SEC Settlement as beneficial for shareholders. If approved, it is expected to remove uncertainty surrounding the investigation, enabling the company to focus on advancing its business objectives.
So What:
If you’ve just read through the announcement and are confused, you’re not alone. It appears that many investors may have mis-read the press release, thinking that the SEC was being punished and MMAT was reaching a settlement agreement, but it appears to be the other way around.
In the event of approval, the company is obligated to pay a civil money penalty of $1 million. This penalty would be paid in four installments over the course of one year, following an agreed-upon payment plan. However, the PR also notes that the company cannot predict with certainty whether or when the Proposed SEC Settlement will even be approved by the SEC Commissioners.
According to another user on X, @AShortSqueeze, MMAT’s initial analysis has potentially revealed the motherload of counterfeit shares.
But if you scroll through the comments, you’ll see other users pointing out that this information is actually old news. This is just one of many widely circulated posts that might have been misunderstood.
Significant Coverage:
Another theory suggests that a notable influencer in the financial space, @MoonMarket_, has set their sights on the company and is conducting additional due diligence. With a substantial following of almost 75K users, the influencer’s involvement could have contributed to a significant fluctuation in today’s trading session. It’s important to recognize that X is packed with plenty of financial influencers, and blindly following their moves can be risky. Many are involved in day trades, momentum trading, or at least contemplating such strategies.
Conclusion:
The buzz around MMAT today seems fuelled by a mix of misrepresented themes and recycled news, creating the illusion of fresh, imminent developments.
As per usual, the magnitude of MMAT’s technology and potential integrations across various verticals continues to create a roar of excitement. On another front, we’re also continuing to see speculation about a short squeeze due to substantial amounts of counterfeit shares.
For now, patience is key and we suggest closely monitoring developments. MMAT especially tends to be quite volatile.
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 StartupStockPhotos from Pixabay
Featured
Meta Materials’ (NASDAQ:MMAT) Journey: Legal Hurdles, Innovation and Future Potential
Published
1 year agoon
October 13, 2023Meta Materials (NASDAQ: MMAT) has been a hot topic as of late, with investors all over the web talking about a potential resurgence. If we rewind to late 2020 and glance at their stock chart, we witness an impressive surge from ~$0.54 to a peak of $13.52, an astonishing 2400% gain within’ the span of a few months. If you’ve been following our articles lately, you’ll notice a similar kind of performance from Tempest Therapeutics’ (NASDAQ: TPST). This is of course a rare event, but there’s a noteworthy angle to consider. While TPST’s initial data release triggered a significant surge, what propelled it further appears to be its “Poison pill” strategy. Recent tweets from MMAT’s CEO suggest a similar strategy is in the works. Could MMAT experience a colossal gain reminiscent of 2021 or even rival TPST’s performance? Let’s delve into Meta Materials, its recent developments, and potential prospects to uncover what’s in store.
Background:
Meta Materials stands at the forefront of advanced materials and nanotechnology. Their focus is on pioneering novel products and technologies utilizing sustainable and innovative scientific approaches. The interesting part is their advanced materials have the transformative power to enhance common products, infusing them with heightened intelligence and sustainability. Leveraging its technology platforms, they’re capable of empowering global brands in creating cutting-edge products that elevate overall performance. Their technology has application across multiple industries including aerospace and defense, consumer electronics, 5G communications, batteries, authentication, automotive, and clean energy. Overall, that’s ~$32B TAM and with current growth rates, it’ll increase to a whopping ~$61B TAM by 2026. Their goal is to shape a smarter and more sustainable world. If you look through their presentation, there are a number of ways their technology can transform our everyday lives. We highly suggest you take a look.
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Lawsuits:
You’ll notice MMAT has faced a challenging year as its valuation took a hit following the initiation of two separate class action lawsuits that stemmed from a short-seller report and statements related to Meta’s business combination with Torchlight Energy Resources.
We’ll keep this section short and focus on the accusations related to the business combination. If you’d like more information on the short seller lawsuit, click here.
Long story short, a shareholder filed a class action lawsuit against Meta on behalf of individuals who acquired the company’s publicly traded securities between September 20, 2020, and December 14, 2021. The lawsuit alleged violations of the Securities Exchange Act of 1934. The complaint outlined that Meta Materials, initially known as Torchlight Energy Resources, Inc., exaggerated its business connections, product capabilities, and pricing during its merger with Metamaterial Inc. The filing highlighted a subsequent SEC subpoena, leading to a share price drop. Additionally, a critical report by Kerrisdale Capital triggered another significant share price decline, further impacting investors.
However 11 days ago on October 2nd, 2023, there were significant positive developments regarding this situation. It appears that MMAT will no longer have this legal burden to bear. The lawsuits were entirely dropped, and the court ruled to dismiss all the allegations made against them. As you might of noticed, the initial announcement earlier this year led to a huge selloff. At the current moment, it’s trading at extremely low levels and many online believe there’s substantial upside.
Poison Pill:
As we previously mentioned, it appears the CEO, George Palikaras is working on a poison pill of his own. After Tempest Therapeutics (NASDAQ: TPST) released their latest data it brought ~2400% gain, but their poison pill managed to push that gain even further to ~4000%. If you’re not familiar with what a poison pill is, allow us to explain below.
A poison pill is a defensive strategy used by a company’s management to deter or prevent hostile takeovers or acquisitions by another entity. The term “poison pill” implies that it is intended to be unattractive or undesirable for the acquiring entity.
Typically, a poison pill involves issuing new shares or other financial instruments to existing shareholders, or allowing them to purchase shares at a significant discount, in the event that an outside entity acquires a certain percentage of the company’s shares. This dilutes the ownership and voting power of the acquiring entity, making the takeover more difficult or costly.
The objective is to make the acquisition financially less appealing or more difficult, encouraging potential acquirers to negotiate with the company’s board of directors instead of pursuing a hostile takeover.
Palikara just recently tweeted, “Revenue, strategic partnerships, cost efficiencies, hiring & paying for performance, non-dilutive capital, poison pill, relentless work, Revenue… Plenty of time 2 get in compliance, but our bar is set a lot higher than that.”
If you look through some of MMAT’s latest releases, you’ll notice they’ve announced various forms of funding, more recently they closed a financing for 50M with Lincoln Park Capital Fund, LLC.
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Potential Application & Outlook:
Pay special attention to this section, as we’ll be spotlighting potential applications of MMAT’s technology and where they’re at in the commercialization process. Many believe the application alone could hold substantial returns for long-term shareholders.
One user from Twitter, @Seashellpants, has shared a video that outlines in great detail MMAT’s agreement with the Simon Fraser university, one of the top universities in Canada and worldwide.
In this video, we’ll catch a glimpse of how the R&D process is going so far and potential application across various verticals. You’ll need to be cautious, as this video may cause “Heavy breathing”.
We’ll provide a brief summary below, but don’t miss out on the hyperlink above. It’s not only entertaining, but also packed with valuable insights.
Breakdown of the Video:
Just over 2 years ago on October 5th, 2021 MMAT acquired Nanotech Security Corp. which is now considered a subsidiary of MMAT. If we delve into MMAT’s 10Q from May 12th, 2023, there are multiple updates on how their research is going with the Simon Fraser University. Within this 10Q we also find an interview with the CTO, Clint Landrock, who unveils numerous case studies related to their nano-manufacturing commercialization efforts.
First and foremost, MMAT has been granted a parent-patent that includes it’s claim for nano-hole structures and applications for those features in the security and authentication industry. It also includes claims for the use of those nano-scale structures that are smaller than a wavelength of light in conjunction with printable electronic components, which would include electronic displays, batteries and solar cells.
Landrock states,”It seems like it could be used for a range of possible markets, including games and interactive displays for consumer products”. He even touches on how these displays could be used for specific light wave optical guides used in medical programs for sensing bacteria and disease or for drug application.
If we delve deeper, the initial purpose of this technology was to enhance solar panels by maximizing electron production, leading to more efficient and durable batteries. Considering their nano-scale structures are tinier than a wavelength of light, you can envision the implications for battery performance. Especially in the context of the ongoing global shift towards Electric Vehicles (EVs), this presents a significant opportunity to integrate such a groundbreaking technology.
However, given the immense demand for this technology across various applications, achieving scalability is critical, necessitating a roll-to-roll manufacturing approach to handle the high volume needed. Typically, scaling up can pose a significant hurdle, but what amplifies the excitement here is Landrock’s affirmation that they have effectively demonstrated, in collaboration with a third party, the ability to produce and operate their technology using high-speed roll-to-roll casting machines. The outcomes were remarkably positive with 100% through-put yield. Which means 100% of the images produced could be used for commercial purposes.
Another common barrier to entry is the costs associated with scaling a new technology. To make things even better, their technology also aligns with global initiative to be more green. Landrock states, “Also, this is a true green technology that will not harm the environment, costs less to produce than the current technology and provides far improved security for authentication requirements”.
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Agreement with Panasonic:
On September 29th, 2023 MMAT teamed up with Panasonic Industry Co. (An operating company in charge of device business within the Panasonic Group) to advance transparent conductive materials. This collaboration aims to enhance the supply of NANOWEB® films, which would benefit sectors like automotive and consumer electronics, transparent film antennas, heaters, and electromagnetic shielding.
The demand for ultra-low sheet resistance and high optical performance is increasing, particularly for flexible solar cells and smart windows. According to BCC Research, the global transparent conductive films market is projected to reach $7.6 billion by 2025 from $4.9 billion in 2020, growing at a CAGR of 9.2%.
George Palikaras, CEO of META, highlighted the importance of this collaboration, emphasizing their shared goal to advance transparent conductive materials. Panasonic Industry has a track record of mass-producing quality transparent conductive films, making them a strategic partner for META.
Yuichi Yoshikawa, Director of Touch Solutions Business Unit at Panasonic Industry, expressed excitement about the collaboration, foreseeing it providing advanced solutions and creating new possibilities across various applications.
This collaboration merges NANOWEB® metal mesh designs by META with Panasonic Industry’s cutting-edge process technology, aiming to set new industry standards. They will showcase their collaborative solutions at CEATEC 2023 which goes from Oct 17 – Oct 20 to demonstrate the potential applications of this partnership.
This agreement holds significant weight. Keep a vigilant watch, the event is around the corner and they’re expecting ~200,000 attendees. A collaboration with a well-established and reputable name like Panasonic certainly changes the landscape, and could bring notable shifts for the company in the near future.
Conclusion:
In essence, MMAT stands at a pivotal moment. With the resolution of lawsuits, it appears things could be looking up. Coupled with their recent strategic maneuvers and advancements in commercialization, MMAT certainly holds promise. Could they potentially see a significant valuation upswing in the near term? The consensus among thousands online is yes. Considering the innovation and potential impact, MMAT is undeniably a company worth vigilant monitoring in the months ahead.
We will update you on MMAT 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.
Featured
Clean Vision Corporation (OTC: CLNV): Understanding the 180% Surge and Key Insights
Published
1 year agoon
October 6, 2023Shares of Clean Vision Corporation (OTC: CLNV) have seen an uptrend of 180% since September 18th, 2023. This emerging developer of sustainable clean technology hasn’t had a press release since September 7th, 2023. The company’s seen substantial growth without targeted press releases to update investors. However if you look closer, a deeper narrative emerges. We found a number of SEC filings and there also appears to be a number of notable Twitter users talking about the company, believing it has substantial prospects near term. Before we move forward, let’s pause to gain a deeper understanding of the landscape surrounding Clean Vision.
Background:
Clean Vision is led by Dan Bates, and their goal is to tackle the global plastic waste crisis head-on. Their wholly owned subsidiary, Clean Seas, has developed the Plastic Conversion Network (PCN), a groundbreaking technology aimed at diverting millions of tons of waste plastic from landfills, incineration, and oceans. The PCN converts this plastic feedstock into clean fuels and green hydrogen, significantly reducing reliance on fossil fuels and lowering the carbon footprint.
For a 2 minute overview on the company, we found a great video that CLNV’s subsidiary put together just recently. Feel free to follow this link to watch.
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Clean Seas utilizes proven pyrolysis technology to produce environmentally friendly products, which are sold to multinational petrochemical companies, driving the circular plastic economy. Operational PCN facilities are already in place in Morocco and India, with additional conversion facilities in development across West Virginia, Arizona, and Southeast Asia. Long-term feedstock supply agreements exceeding one million tons of waste plastic annually have been secured at no cost.
Furthermore, the company aligns with ESG investment criteria and adheres to five United Nations Sustainable Development Goals (SDGs). Backed by a seasoned management team with extensive experience in sustainability, international development, and finance, Clean Vision is poised to be a key player in the clean energy economy. They invite collaboration to make a significant impact on the global waste plastic problem, striving for a cleaner environment for future generations.
No Press Releases:
Often with OTC companies, it’s common that updates within the company aren’t always accompanied by press releases. If you can’t find press releases, it’s a good practice to search for SEC filings to ensure you haven’t overlooked any important information. There are a number of SEC filings to keep in mind that can be found on CLNV’s IR portal of their website. If you can’t find information on a public issuers website, you can also find anything you need here.
S-1 Filing:
There were a number of filings from August 31, 2023 to October 3rd, 2023 which were mainly related to their S-1 filing. This means the company will likely be up-listing to the NASDAQ. For those that don’t know what this filing is, here’s a brief description:
The S-1 registration statement is a comprehensive document that includes detailed information about the company, its business operations, financials, risks, management team, and the proposed terms of the public offering. It’s a crucial step in the process of conducting an initial public offering (IPO) and making shares available for public trading on major exchanges such as NASDAQ or the New York Stock Exchange (NYSE).
A S-1 registration document is often lengthy and complex, making it challenging for everyday retail investors to grasp. To assist in understanding, we’ve broken down and simplified the initial page of CLNV’s S-1 for you:
CLNV S-1 Filing:
In essence their filing is saying that they are selling a large number of company shares (820,598,246 shares) owned by different people. These shares are part of Clean Vision Corporation, a company based in Nevada.
The people who own these shares can sell them at different times based on certain agreements they had with the company. The agreements are related to three specific dates and are linked to previous investments made by these shareholders.
May Purchase Agreement: This allows the sale of up to 269,042,604 shares based on an investment deal made on May 26, 2023.
February Purchase Agreement: This allows the sale of up to 454,166,752 shares based on an investment deal made on February 17, 2023.
August Purchase Agreement: This allows the sale of up to 97,388,890 shares based on an investment deal made on July 31, 2023.
The company, Clean Vision Corporation, won’t directly make money from the sale of these shares. But if the people who buy these shares decide to use certain options to get more shares, then the company will receive some money. The people selling these shares will handle the costs associated with selling them, like commissions and discounts. The company will handle the paperwork costs associated with registering these shares for sale.
8-K Filing:
It’s also important to note that the company filed an 8-K on October 3rd, 2023 mentioning that on September 26, 2023, Clean Vision Corporation made a deal with an investor. The investor agreed to buy 10,000,000 shares of the company’s common stock for a total of $198,000. The agreement was signed on that day but didn’t take effect until the investor paid the money on September 28, 2023.
As per this deal, the company sold these 10,000,000 shares to the investor at a price of $0.0198 per share. Additionally, the investor received 5,000,000 more shares, but these have restrictions on their sale. The company also has to register these 10,000,000 shares with the U.S. Securities and Exchange Commission within 45 days from the signing date, allowing the investor to sell them in the future.
Twitter Posts:
While exploring online discussions, we found Twitter users @FrankieBstock, @realsheepwolf, and @borders_LLC all showing enthusiasm for Clean Vision’s future potential. Although it’s important to remember that their views aren’t financial advice, it’s encouraging to see how CLNV’s journey has progressed since their initial thoughts on the company.
@realsheepwolf put things into perspective in a simple, comprehensive format for investors to see key takeaways.
“HUGE THINGS HAPPENINGS
✨non-dilutive financing
✨massive revenue growth
✨Morocco India operational
✨WV operational Q-1 2024
✨Arizona operational Q2-Q3 2024
✨Michigan, Mass., Puerto Rico moving toward definitive agreements.
✨Uplisting to NASDAQ”
Following the mentioned individuals, the video showcasing the company’s story above has been widely shared by @FrankieBstock and @borders_LLC.
As the company experiences a surge in daily trading activity another larger user jumped in on the action and took note of the company – expressing surprise at the remarkable increase in trading volume. Specifically, on October 4th, 2023, CLNV achieved a trading volume that equaled nearly $450,000 worth. This is quite significant, especially considering a singular share is being traded for a mere $0.05.
Conclusion:
Clean Vision’s story has garnered significant attention of late, suggesting the possibility of broader recognition among retail traders. It may only be a matter of time before various investment communities direct their focus towards the company. Notably, certain influential users on Twitter, some with a substantial following nearing 20,000 people, are actively discussing the company, adding to its visibility.
However it’s important to note that consistent with their nature, these stocks demonstrate high volatility, carrying the inherent risk of potential loss of your entire investment. Yet, for some, the allure lies in the thrill of potentially substantial returns, akin to the potential behind the roll of dice at a casino.
We will update you on CLNV 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 onehundredseventyfive from Pixabay
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