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Creatd Inc (OTCMKTS: CRTD) Powerful Run Northbound as Underwater Short Position Running Out of Options

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Creatd Inc (OTCMKTS: CRTD) has rocketed back up towards its recent highs over $1.70 after another failed short attack by Kramers and Lind Partners briefly below the $1 mark. CRTD used to trade over $10 per share on the Nasdaq before its delisting in September however there are indications CRTD Is heading right back to Nasdaq. Creatd 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. On Monday Creatd announced preliminary financial results for the third quarter ended September 30, 2022, and the filing of Form NT 10-Q filed with the Securities and Exchange Commission (SEC). The Company expects to file its 10-Q for the third quarter of 2022 on Wednesday, November 16th. Creatd, Inc. Sees 38% YoY Increase in Nine-Month Net Revenues and Reaffirms Guidance of $8-12MM in FY2023 Revenues.

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Creatd Inc (OTCMKTS: CRTD) is a holding company that provides economic opportunities for creators through technology and partnership. Each one of Creatd’s companies shares a common mission: To build technologies, develop partnerships, and unlock opportunities that help creators, brands, and entrepreneurs grow creatively, sustainably, and profitably. 

  • Creatd Labs houses our proprietary technology, content creation framework, and digital communities. 
  • Creatd Partners fosters relationships between brands and creators through agency services. 
  • Creatd Ventures builds, develops, and scales our e-commerce brands. 
  • Creatd Studios elevates our creators stories into TV, film, books, podcasts, video, 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.   

During 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.  

Recently Creatd began 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. 

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CRTD

On November 14 CRTD announced preliminary financial results for the third quarter ended September 30, 2022, and the filing of Form NT 10-Q filed with the Securities and Exchange Commission (SEC). The Company expects to file its 10-Q for the third quarter of 2022 on Wednesday, November 16th. Creatd, Inc. Sees 38% YoY Increase in Nine-Month Net Revenues and Reaffirms Guidance of $8-12MM in FY2023 Revenues 

Creatd Chairman & CEO Jeremy Frommer stated: “We currently project over $5MM in revenues for fiscal year 2022. Our improving EBITDA is an encouraging sign of our trajectory, as we continue to trend towards our fiscal year 2023 projections of $15-20MM in gross revenues, and $8-12MM in net revenues. This projected number could be considerably higher, depending on the activation of our planned acquisition strategy for the upcoming year.” 

THIRD QUARTER 2022 BUSINESS HIGHLIGHTS 

  • Gross Revenues: $2.9MM. 
  • Operating expenses for the third quarter, excluding certain one-time and non-cash charges, saw a 32% reduction YoY, decreasing from $5.6MM in Q3 2021 to $3.8MM in Q3 2022. 
  • EBITDA continues to improve, with a $2.3MM increase in Q3 2022 (-$5.6MM) as compared to the preceding quarter’s EBITDA (-$7.8MM). 
  • EBITDA for Q42022 is projected to increase by an additional $2-2.5MM, a further 40-50% increase QoQ. 
  • The company completed the roll-out of the new Vocal app for both iOS and Android. 
  • Following its acquisition of Orbit, the new social stock trading app, Creatd successfully completed development for its beta release. 
  • The Company completed its acquisition of healthy breakfast food brand, Brave, marking  the fourth addition to its CPG brand portfolio. 
  • Initiated fair value appraisal for the assets of OG Collection, Inc., the acclaimed media library owned and operated by the Company. 
  • Creatd continues to partner with leading brands including Equinox, Erewhon, Ollie, and Urban Outfitters. 

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Currently trading at a $33 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 and we have been reporting on this one since it moved over $0.20 per share last month. Creatd is growing fast recently reporting Q3 revenues of $2.9 million. The Company expects to file its 10-Q for the third quarter of 2022 on Wednesday, November 16th. Creatd, Inc. Sees 38% YoY Increase in Nine-Month Net Revenues and Reaffirms Guidance of $8-12MM in FY2023 Revenues. There is an estimated short position of between 200 and 300 million shares short by groups such as the Kramers and Lind Partners of FNGR, GTII fame. However, it is becoming increasingly difficult to borrow and CRTD is afternoons run away from recent highs, a break over $1.70 per share and CRTD could really run on a blue-sky breakout. 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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HUMBL, Inc. (OTCMKTS: HMBL) Stock Price is on the Rise After a Series of Developments and New Product Releases

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HUMBL, Inc. (OTCMKTS: HMBL) is a company whose stock price has a tendency to be either very stable or make massive surges and drops. The company’s stock saw a massive surge in late 2020, which continued throughout January 2021, as well. After reaching its peak near $7 in early February 2021, the price started spiraling down.

The rest of 2021 was marked by price drops, which also continued into 2022. The situation finally took a positive turn in 2023, when the price reached its bottom on February 6th, sinking to $0.0073. After that, however, it suddenly spiked up, reaching $0.0184 on February 8th.

Unfortunately, the sudden spike was followed by a sharp drop, which started immediately after the price peaked. Several support levels that the price hit along the way slightly softened the fall, such as the ones at $0.013, $0.012, and $0.010. However, the HMBL price kept going further and further down until it dropped to levels that were not seen since November 2020.

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The price reached its two-year low on March 16th by sinking to $0.0058. Then, suddenly, it started heading up again with a new 24% surge which took it back up to $0.009. At the time of writing, the price has corrected to $0.0081.

screenshot-www.tradingview.com-2023.03.22-11_25_09

HUMBL, Inc. (OTCMKTS: HMBL) Has been busy in 2023 so far, which is why its price has started making attempts to recover after two years of constantly spiraling down. Granted, its attempts to go up were cut short, but the company has made some major moves. One possible reason why HUMBL saw its early February spike is an announcement of a new marketing program with Emerling-Gase Motorsports and Joey Gase. The new sponsorship deal was a big move for the company, as it will be advertised during the 2023 NASCAR XFINITY race at Daytona International Speedway. However, that was not the end of it. Only two days later, new reports emerged stating that HUMBL managed to reduce its debt by $10.8 million. In addition, it announced a strategic move to simplify operations and focus on core technology via a subsidiary spin-off of Tickeri.

Three days after that, the company also launched its HUMBL mobile wallet, and a month later, HUMBL Chat audio rooms also went live. This was the company’s attempt to take the next step in delving deeper in the Web3 revolution. HUMBL previously launched a variety of Web3 products, such as HUMBL Authentics, HUMBL Chat, the mentioned HUMBL Wallet, HUMBL Tickets, HUMBL Social, HUMBL Search Engine, and HUMBL Marketplace.

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On March 16th, reports also revealed the rollout of HUMBL’s new digital P2P and merchant payments system, launched across the Web3 platform, which allows users to make payments to verified peers using Ethereum, Polygon, or USD Coin. This is likely what caused the new price increase that HMBL has seen over the last few days, and while it was fairly short-lived, it still represented an opportunity for investors and a positive move for the company.

HUMBL, Inc. (OTCMKTS: HMBL) is a Web3 platform that features consumer and commercial divisions. The firm intends to integrate core product lines across its numerous products, including HUMBL Wallet, Search Engine, Social Media, Marketplace, Tickets, and Authentics. The company also deals in NFTs, and it even has its own metaverse. It also acts as a financial data transactions firm, with its platform connecting consumers and merchants in the digital economy. The company was quick to switch to new technologies after realizing their potential in its sector, particularly when it comes to various crypto and blockchain products mentioned above. These days, it offers its products and services to customers around the world.

The company’s CEO, Brian Foote, stated:

HUMBL is the first web3 platform in the world to deliver an integrated digital wallet, search engine, digital payments and a verified social media platform in one place. We believe that the global markets are going to move from traditional banking and middlemen services, to more inclusive digital wallets. Having verified users and merchants on HUMBL, is a natural way for customers around the world to find and send reliable peer payments and transactions between one another without a bank or middleman for verification, sending and settlement.”

HUMBL, Inc. (OTCMKTS: HMBL) is a company that has developed a wide range of Web3 services that have not yet caught the attention of the public. However, as crypto and blockchain adoption continues to expand and progress, the company’s time will come. After mass adoption hits, HUMBL will be ready to offer its products and possibly become one of the leaders in offering Web3 services that are simple to use for Web2 users. With that said, the firm might simply be ahead of the times, which would explain why its shares are currently so low. On the other hand, this represents a great opportunity for long-term investors who might conclude that HUMBL has great potential for the future. We will be updating HMBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HMBL.

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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.

Image by Pexels from Pixabay

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Creatd, Inc. (OTCMKTS: CRTD) Stock Price Continues to Deteriorate as the Legal Battle with The Lind Partners, LLC Continues

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Creatd, Inc. (OTCMKTS: CRTD) share value continues to drop after a brief recovery in mid-March. The firm’s stock is still not at the lowest point it has ever been, but it is not too far off at this point. The lowest that the shares have gone was $0.0457, which is the point they reached on October 11th, 2022. After that, in the final months of the previous year, the stock price shot up, reaching $1.6941 per share on November 18th.

The last time when the shares reached this height was in February 2022. However, back then, the price was rapidly spiraling down from a much higher point. Unfortunately for the company and its investors, after reaching $1.6941 in November, the share price crashed in a sharp correction, sinking to $0.50 by the end of November.

CRTD found a strong support at this level, which allowed it to bounce back up to $0.90, which is where the company encountered a strong resistance. It kept bouncing back and forth between these two levels throughout December 2022 and January 2023. However, as time passed, the fluctuations were becoming smaller, as the price seemingly started achieving greater stability. Looking back now, however, it becomes clear that the volatility may have decreased, but the overall trend became bearish somewhere in mid-January.

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CRTD price was dropping again, and in the second half of February, it broke the support level at $0.50, sinking to $0.16 by February 27th. After briefly recovering in early March, the price went back up to $0.3, encountering a resistance here, as well, which pushed it back down to $0.1156 this time, which was on March 14th. In the last 48 hours, the price managed to recover a bit once more, sitting at $0.15 at the time of writing.

Creatd, Inc. (OTCMKTS CRTD) stock price continues to deteriorate as the legal battle with The Lind Partners, LLC continues

Creatd, Inc. (OTCMKTS: CRTD) stock has seen a rough performance over the last year, with only a brief period of recovery in November 2022. Other than that, the last 12 months were marked by nothing but price crashes triggered by various events that followed the company. In recent months — specifically in December — the company announced an upcoming merge with Global Tech Industries, albeit without disclosing the terms of the deal. After that, reports said that Global Tech Industries had decided to bid $100 million in stock in order to acquire Creatd. Creatd even halted any discussions with other potential acquirers for 30 days as part of the LOI. At the time, its CEO and Chairman, Jeremy Frommer, said:

There are two elements to this merger, fundamental and technical. The opportunity to advance the Creatd business model and scale revenues coupled with the unique technical position we find our two public companies in, is a momentous opportunity. At the time of closing of any proposed transaction, GTII share delivery to Creatd shareholders will only occur in instances of registered ownership with the transfer agent or DTC.

For a time, everything was going well for the company until February 24th, when reports emerged that Creatd had terminated the proposed acquisition discussions with Global Tech. This was what triggered the stock crash, as many were disappointed that the deal did not succeed.

Around that time, the company was also struggling with a potential illegal naked short selling, and it launched CEOBLOC to try and fight it. One positive development at the time was the fact that CRTD became available on Upstream, which marked the third issuer to dual-list their shares on Upstream’s blockchain-powered market.

https://twitter.com/UpstreamXchange/status/1625520006770618368

However, the stock was hit with another blow a week ago when Creatd released an update regarding its legal dispute with The Lind Partners, LLC, and the company’s affiliates. The dispute concerns a convertible promissory note that amounts to $900,000.

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According to Lind, Creatd breached certain representations and warranties in regard to the note. Lind demanded immediate repayment of the full amount, but Creatd instead decided to offer a number of alternatives. Lind refused to negotiate and Creatd filed a motion to dismiss. The company’s CEO said:

At this early stage, we are strictly trying to analyze data. There is more than enough evidence that there has been unusual trading in CRTD and it demands further investigation. To that end, we have asked legal counsel to look into filing multiple requests of trading records from market makers in CRTD stock. When and if the Company enters the discovery period in The Lind Partners, LLC case, any trading records related to The Lind Partners, LLC that were done with external broker dealers will also be analyzed.

Creatd, Inc. (OTCMKTS: CRTD) is a holding company that offers new economic opportunities to creators using partnerships and technology. The company’s goal is to empower creators and brands, and it claims that each of its companies shares a common mission — to create technologies and develop partnerships that would allow it to unlock new opportunities useful to entrepreneurs, brands, and creators, allowing them to also grow creatively, sustainably, as well as profitably.

For the moment, it appears that the situation is not the best for the company. It is in the middle of legal proceedings, its merger has failed, and its stock is one bad day away from reaching its all-time low. The chart above shows that CRTD is willing to grow and ready to jump on any opportunity, so the company still has a chance. Any piece of good news would likely send its stock to the path of recovery, which is why it is still worth keeping an eye on future developments. We will be updating on CRTD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CRTD.

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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.

Image by Sang Hyun Cho from Pixabay

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Is today’s surge in MMTec Inc (NASDAQ: MTC) justified ?

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MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 - $2.5299, with more than 2.98M shares exchanging hands.

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.

So why did MTC surge today ?

The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.

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Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.

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Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.

We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.

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Disclosure: We have no position in MTC and have not been compensated for this article.

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