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Saturday, December 3, 2022

Creatd Inc (OTCMKTS: CRTD) Major Short Squeeze Rockets Higher After Failed Short Attack

Creatd Inc (OTCMKTS: CRTD) is coming back strong after yesterday’s failed short stop loss attack moving back up over $1.40 per share on over $3 million in dollar volume. The same groups responsible for FNGR and GTII short squeezes are also involved in CRTD including the Kramers and Lind Partners. CRTD has been one of the biggest runners in penny stocks over the past month skyrocketing from under $0.05 to recent highs of $1.70 per share.   

CRTD is an ex-Nasdaq Company that regularly traded over $10 per share and spiked to over $20 per share on the big board’s recently landing on the OTCQB after being delisted on September 3. The Company is taking quick action against the massive short position here of an estimated 200 to 300 million shares by spinning off its media archive via a dividend as well as dual-listing onto the Blockchain Exchange #Upstream… where no short selling is allowed. Microcapdaily first gave the heads up on CRTD in our article on October 16 when CRTD was around $0.20 per share. 


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Creatd Inc (OTCMKTS: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. The Company operates four main business segments, or ‘pillars’: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios. Together, Creatd’s pillars work together to create a flywheel effect, supporting the Company’s core vision of creating a viable ecosystem for all stakeholders in the creator economy. Vocal was built to serve as a home base for digital creators. This robust, proprietary technology platform that provides best-in-class tools, safe and curated communities, and monetization opportunities that enable creators to find a receptive audience and get rewarded. Creators of all types call Vocal their home, from bloggers to podcasters, makers, musicians, photographers, and more.  

Since its initial launch in 2016, Vocal has grown to be one of the fastest growing communities for content creators of all shapes and sizes. Creators can opt to use Vocal for free, or upgrade to Vocal+. Upon subscribing to Vocal, either as a freemium or premium member, creators can immediately begin to access the numerous monetization opportunities that Vocal facilitates. Specifically, Vocal creators can earn money i) every time their story is read, ii) by competing in Challenges, iii) by receiving Bonuses, iv) by collaborating on branded content campaigns through the company’s in-house agency, Vocal for Brands, v) through ‘Subscribe,’ which enables creators to receive payment directly from their audience via monthly subscriptions and one-off microtransactions. vi) through the Vocal Ambassador Program, which enables creators to receive additional rewards whenever they refer a new Vocal+ member.  

Creatd also recently released the beta release of its social stock trading app, Orbit, to the public. Creatd, inc. purchased a majority stake in Orbit, LLC. this past Summer. The Company expects to release further updates to the social stock trading app as well as full public access during the fourth quarter and plans to begin the monetization of the app during the second quarter of 2023 with a suite of premium features.  

Earlier this year Creatd released its investor deck in preparation for spinning off its media archive, intellectual property, and other assets including its NFT library and Web 3.0 business division into a separately traded OTCQB stock. The OG Collection features published and unpublished content surrounding the landmark events and famed figures of the 20th century, providing a unique view into the cultural zeitgeist then and now. An Authentication and Appraisal of Artworks (performed in 2016), focused on the value of the photographs and artworks in the collection, attached a value of nearly $10MM. The Company is undergoing an updated appraisal by experts in the field in preparation of the Spinoff. A strong community of enthusiasts, collectors, archivists, and others have nurtured the OG Collection’s intellectual and business value over the last eight years. Having successfully conducted over 100 auctions, OG Collection has amassed a powerful foundation of first-party data which works to further elevate the value of the assets. 

In October the Company rolled-out Vocal’s new Android app, which comes following the successful introduction of the Vocal mobile app on iOS during third quarter 2022. Vocal’s mobile app, which is now available on both Apple’s App Store and the Google Play Store, is designed for audiences to more effectively engage with the content and creators they know and love. Using the app, creators will benefit from accessing new Vocal+ premium resources and exclusive app-only features like Vocal Coins—a built-in payment system. Further, the app leverages Vocal’s existing “Subscribe” capabilities to optimize in-app content discovery and curation as well as personalization, which together generate a premiere and elevated reader experience. Users may download the Vocal app for Android on the Google Play Store, here.  

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CRTD

On November 7 CRTD announced it has begun the application process to dual-list its shares on Upstream, the premier global exchange and trading app for digital securities and NFTs powered by Horizon Fintex and MERJ Exchange Limited (MERJ). The Company’s proposed listing on Upstream is expected to facilitate access to a global, digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in Creatd ahead of its anticipated application to re-list on a national exchange. Approval to be listed on Upstream is subject to approval by MERJ. 

Upstream, a MERJ Exchange Market (MERJ Exchange), is a fully regulated global stock exchange for digital securities and NFTs. Powered by Horizon’s Ethereum-L2 matching engine technology, the platform enables users to trade NFTs, and invest in securities for IPOs, crowdfunded companies, U.S. & international equities, and celebrity ventures using the Upstream app.  

Commenting on the dual-listing strategy, Jeremy Frommer, CEO of Creatd, said, “Upholding transparency is what will drive the next stage of evolution in the public markets. Upstream is uniquely leading this charge by combining the best available technology with enforcement practices that together work to protect and empower issuer and investor alike. We are pursuing Creatd’s dual-listing as part of a broader effort to realize the true value of our stock. Looking ahead, we are enthusiastic about the other potential opportunities to leverage Upstream, including its potential utility for the proposed spin-off of our OG Collection media library and other monetizable assets.” 

https://twitter.com/realscottdodge/status/1590079038902919168

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Currently trading at a $37 million market valuation CRTD is an SEC filer with $1.5 million in the treasury and $10 million in assets vs $11 million in liabilities. The Company has fast growing revenues of $1,625,901 for the 3 months ended June 30, 2022 up from $970,000 for the same period last year. CRTD was recently delisted by the NASDAQ after the stock dropped below $1 and couldn’t get back over. After drifting downward for most of August the stock dropped dramatically in September when the Company hit the bulletin boards. The same groups responsible for FNGR and GTII short squeezes are also involved in CRTD including the Kramers and Lind Partners. The Company is taking quick action against the massive short position here of an estimated 200 to 300 million shares by spinning off its media archive via a dividend as well as dual-listing onto the Blockchain Exchange #Upstream… where no short selling is allowed. Microcapdaily first gave the heads up on CRTD in our article on October 16 when CRTD was around $0.20 per share. vocal.media is a very fast growing domain. We will continue to report on this situation as it unfolds and more information becomes available. We will be updating on CRTD when more details emerge so make sure you are subscribed to Microcapdaily.

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

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