Connect with us

Energy & Resources

Life Clips Inc (OTCMKTS: LCLP) Powerful Reversal Underway as Belfrics Group Sees Rapid Growth – Update on Multi-Million Dollar Financing, Phygital Expansion & Major Share Reduction

Published

on

Life Clips Inc (OTCMKTS: LCLP) is making a powerful move up in recent trading since a brief dip below $0.004 and major reversal northbound following several months of decline. Currently under heavy accumulation LCLP has a major international shareholders list behind it that will jump back on board if the run accelerates. LCLP has runner in its blood skyrocketing from double zeroes to $0.0738 per shares last summer and when a stock such as LCLP heats up, penny stock speculators pay attention. As we have written before on Life Clips; “LCLP is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars. Currently on a collision course with $0. 0.0738 LCLP is stretching its legs for a blue-sky breakout!   

LCLP has been making some major moves; the Company just eliminated all of its nearly $4 million in outstanding convertible debt by paying the outstanding amounts in Belrium (BEL). The net effect of the transactions reduces the fully diluted share count of the Company by approximately 400,000,000 shares or more than 22% of the Company’s current issued and outstanding. The Company also just secured $50 million in financing under an equity line of credit. Life Clips plans to use the proceeds to expand its fast-growing Belfrics subsidiary by investing in technology, developing new products, expanding to new markets, and hiring quality employees. With its sandbox license in the national digital health arena, Life Clips aims to onboard 25-30% of hospitals in Pune. Through this onboarding process, the Company expects to achieve 300,000 plus customers who will use its Belyo platform. Belfrics Group continues to see rapid growth recently added 14 new crypto currencies to its exchange, as a result of increasing demand from its customers. This is part of Belfrics larger strategy to launch over 200 phygital centers across India.  Already they have opened a phygital center in Pune where they are looking for rapid expansion with a gold onboard over 100,000 traders in 2022-23. 

Life Clips Inc (OTCMKTS: LCLP) is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. An SEC filer, the Company was incorporated in Wyoming on March 20, 2013 as Blue Sky Media Corporation and its principal business was developing, financing, producing and distributing motion pictures and related entertainment products. Following the Company’s October 2, 2015 acquisition of Klear Kapture, Inc., the Company continued Klear Kapture’s business of developing a body camera and an auditable software solution suitable for use by law enforcement. The Company changed its name to Life Clips, Inc. on November 3, 2015 in order to better reflect its business operations at the time. 

Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority.  

Cognitive Apps is disrupting the space of mental health with its speech-based, AI-powered mental health analytics platform that empowers businesses to measure, understand, and improve the mental well-being of their employees, patients, and customers. Aiki delivers CBT and IPT therapies using a chatbot which and includes the voice analysis solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms utilized by individuals and companies to raise awareness of employees’ mental health.  

LCLP took off on July 14, 2020 after the Company announced it agreed to acquire Belfrics Group. Microcapdaily was first on the scene reporting on LCLP back in July 2020 stating at the time: “Belfrics currently has a presence in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria, and Bahrain; and it has the capability to process over 1 million transactions per second. Belfrics Group specializes in blockchain technology and digital asset exchange solutions. Belfrics runs two distinct business verticals: Digital asset exchange and blockchain division. Belfrics is one among the few regulated exchanges across the globe, that provides regulated digital asset trading solutions. Belrium, the proprietary blockchain developed by Belfrics, acts the central focal point of the blockchain division. Belrium, which is a hybrid private-public blockchain solution, focusses on identity management on blockchain for decentralized transactions.   

To Find out the inside Scoop on LCLP Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

LCLP

At the time of the acquisition Belfrics Exchange was moving forward on plans for rapid expansion. Microcapdaily wrote at the time: “In addition to offering Leveraged Forex Instruments and Crypto Derivative Contracts, it plans to relaunch its cryptocurrency exchange in India in October and open 22 centers in various parts of the country. Belfrics Exchange is a digital asset trading platform that uses a mandated KYC component to identify and verify its users. Belfrics’ proprietary Belrium KYC Verification System is used for KYC identification and verification process for the Belfrics Exchange. Belfrics Exchange currently generates more than $10 million in daily volume by offering 15 crypto pairs to more than 35,000 customers in 12 countries. Belfrics Exchange expects to gain significant market share in the Crypto Derivative market, since there are very few competitors offering the product in the region. In addition to retail interest in Leveraged Forex Instruments and Crypto Derivative Contracts, Belfrics Exchange expects to benefit from pockets of high-volume institutional flows as a result of deep relationships with commodity brokers in many regions.” 

LCLP is heating up; In March 2022 the Company’s BelfricsBT subsidiary signed a Memorandum of Understanding with The Kenya Red Cross Society (KRCS) to deploy its Belrium blockchain based BelYo platform to provide a system to maintain and disseminate health data in real-time for its hospital in Dadaab, Kenya. Belfrics plans to deploy its blockchain solutions at the IFO 2 hospital in Dadaab, Garissa County, which is a 100-bed hospital serving between 200 and 300 outpatients a day. The IFO 2 hospital serves the 232,903 refugees who reside in Kenya and is the only major hospital providing medical care to this underserved community. BelfricsBT will provide a customized hospital management system that will automate the IFO 2 hospital. Kenya Red Cross Society is one of the many International Red Cross and Red Crescent Movement societies around the world.  

Belfrics Group recently added 14 new crypto currencies to its exchange, as a result of increasing demand from its customers. The new coins that have been added are – Bitshiba, Chainlink, Dai, Dogecoin, DYDX, Fantom, OMG Network, OX, Pax Gold, Polygon, Solana, Uni Coin, USD Coin and Wrapped Bitcoin. This is part of Belfrics larger strategy to launch over 200 phygital centers across India.  

On April 4 Belfrics India’s first phygital center to offer trading in cryptocurrencies and blockchain services in Pune. This initial location in Pune is a part of the larger strategy of Belfrics Group. Praveen Kumar, Founder and CEO of Belfrics has big plans stating “This is going to be a franchisee-based model wherein our franchisees would give local support to customers through every center. We decided to launch our first center in Pune as it is one of the fastest growing hubs as far as technology and business are concerned. 62% of the population are under 30, which makes Pune the pivotal land of growth in crypto trading. Our aim is to onboard over 100,000 traders in 2022-23.” In addition to crypto trading, Belfrics Group will also offer innovative blockchain based solutions in Health, Education, and Employment. Speaking on the additional services Praveen Kumar added, “Through our platform Bel Dapp we would also offer blockchain solutions to our customers. With our sandbox license in the national digital health arena, we aim to onboard 25-30% of hospitals in Pune. Through this onboarding process we expect to achieve 300,000 plus customers who will use our Belyo platform.” 

Recently Life Clips reported it plan s to ramp up growth of its Belfrics subsidiary as the Company has secured a commitment for up to $50 million in financing under an equity line of credit. Life Clips plans to use the proceeds to expand its fast-growing Belfrics subsidiary by investing in technology, developing new products, expanding to new markets, and hiring quality employees. 

On April 18 LCLP announced it has eliminated all of its nearly $4 million in outstanding convertible debt by paying the outstanding amounts in Belrium (BEL). The net effect of the transactions reduces the fully diluted share count of the Company by approximately 400,000,000 shares or more than 22% of the Company’s current issued and outstanding. The move not only eliminates debt and reduces potential dilution, it puts the Life Clips in a stronger financial position and better positioned to secure new capital that will enable the expansion of the Company over the next 12 months.  

 

For more on LCLP Subscribe Right Now!

Currently trading at tiny $16 million total market valuation LCLP has 1,781,946,647 shares outstanding. Life Clips is an SEC filer and has over $2 million in the treasury and over $1.5 million in receivables and total assets including $46 million in intangible assets of over $50 million. Revenues have picked up substantially with LCLP reporting $2,235,267 in sales for the 3 months ended December 31, 2021. LCLP is an exciting penny stock to look at in small caps; the Company’s subsidiary the Belfrics Group is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries. At the time of Life Clips acquisition of Belfrics the Belfrics Exchange was generating more than $10 million in daily volume by offering 15 crypto pairs to more than 35,000 customers in 12 countries. It has seen rapid growth since then. We wil be updating on LCLP so make sure you Subscribe to Microcapdaily so you know what’s going on with LCLP.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

Energy & Resources

FREYR Battery (NASDAQ: FREY) Makes Waves as Government Support and Strategic Partnerships Drive Growth

Published

on

FREYR Battery’s (NYSE: FREY) stock experienced a remarkable surge of 20% today, propelled by the company’s ongoing achievements in advanced battery cell production. These significant milestones have garnered increased confidence from prominent analysts such as Adam Jonas from Morgan Stanley, further bolstering the positive sentiment surrounding the company.

The company recently assembled and successfully charged their first batch of semi-automated battery unit cells at their Customer Qualification Plant in Norway. This achievement is a big step forward for FREYR, as it allows them to automate the production process and start testing chargeable cells by the second half of 2023.

Subscribe to Microcapdaily.com Right Now by entering your Email in the box below.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

The Norwegian Government is also planning to announce a support package for the battery industry, which could have positive implications for FREYR’s plans. They are considering expanding their factory configuration based on the successful Giga America development model. If things go well, they could start production in 2025.

FREYR’s progress with strategic partnerships is also worth noting. They are currently in discussions with more than 10 potential partners who are evaluating the opportunity to collaborate. Additionally, several companies have shown interest in participating in the project-level equity raise. The company is also working closely with financial institutions to secure the necessary funding by the third quarter of 2023. If all goes as planned, they expect to start production in 2025.

In a recent development, FREYR partnered with a USD $30B Chinese company called “Sunwoda Electronic” who’s engaged in the research, development, manufacturing, and sales of lithium-ion batteries products.

The company also received a signal from a prominent passenger vehicle (OEM) that plans to join forces with FREYR’s strategic energy transition coalition, which already includes industry giants such as Caterpillar, Glencore Plc, Siemens AG, and Nidec Corporation. This partnership is set to forge a strategic alliance with a common goal of collaboratively manufacturing high-quality electric vehicle (EV) batteries specifically designed for passenger vehicles.

The company’s sales pipelines continue to grow rapidly, with strong interest from customers in energy storage systems, commercial mobility, and electric vehicles. They are currently in talks with over 70 potential customers, ranging from power producers to battery technology providers and commercial vehicle manufacturers. The total estimated demand for their battery solutions exceeds 600 GWh by 2030.

Thoughts from major analysts and the retail community:

These advancements haven’t gone unnoticed by analysts and the retail community alike. The latest developments promote an increasingly proactive audience that continues to identify emerging trends and buying opportunities.

One user keenly observed an important development involving Adam Jonas, the Head of Global Auto & Shared Mobility at Morgan Stanley. Jonas recently upgraded his recommendation on the stock and revised the price target to $13, implying a potential increase of 42.2% from the current levels. In addition to the price target upgrade, Jonas also adjusted his position from Equal-Weight to Overweight, indicating a heightened positive outlook on the stock’s performance. This shift in stance further underscores the growing recognition of the company’s potential and highlights the confidence placed in its future prospects.

The analyst is optimistic about the stock’s performance, particularly if the company achieves important commercial milestones mentioned above in the near future.

Deeper dive on Equal-Weight vs. Overweight:
An Overweight rating indicates that the analyst expects the stock to perform better than the average performance of its peers or the overall market. It suggests that the investor should consider allocating a higher weight or exposure to the stock in their portfolio compared to its representation in the market or sector. It implies a positive outlook and an expectation of above-average returns for the stock.

Both rating designations, Equal-Weight and Overweight, are relative assessments and depend on the specific analyst’s opinion and outlook for the stock. It’s important to note that different investment firms or analysts may have their own variations of rating systems, so it’s always beneficial to understand the specific criteria and context used by the analyst providing the rating.

Another user “Mini_Tradewz” believes there’s potential considering the low selling volume against VWAP (9.20), indicating buyers are still present.

What’s VWAP?:

VWAP stands for Volume Weighted Average Price. It is a trading indicator used by traders and investors to calculate the average price at which a particular security has been traded throughout the day, taking into account both the price and the volume of each transaction. VWAP is often used as a benchmark to evaluate the execution quality of trades or to determine the fair value of a security.

The VWAP is calculated by multiplying the price of each transaction by the corresponding trading volume, summing up these values, and dividing the total by the cumulative trading volume. This calculation gives more weight to transactions with higher volume, hence the term “Volume Weighted” in the name.

Traders use VWAP as a reference point to assess whether they are buying or selling a security at a favorable price compared to the average price of the day. It can also help identify potential support or resistance levels in the market. VWAP is commonly used by institutional investors, algorithmic traders, and day traders to guide their trading decisions and assess market trends.

Additional Posts by Other Users:

https://twitter.com/FISKERWHALE/status/1673403217109983233?s=20

Conclusion:

FREYR Battery (NYSE: FREY) presents an intriguing investment opportunity, driven by its notable progress in collaboration with the Norwegian government, robust strategic partnerships, and a growing market landscape. However, it’s crucial to conduct thorough research and exercise due diligence before making any investment decisions. This article serves as a compilation of recent news, insights from both retail and analysts, but it’s essential to form your own conclusions based on personal evaluation and analysis.

We will update you on FREY when more details emerge, subscribe to Microcapdaily to follow along!

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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 Geralt on Pixabay

 

 

Continue Reading

BioPharma

Cosmos Holdings Inc (NASDAQ: COSM) Huge Short Position Panicks as COSM Rockets Up the Charts

Published

on

Cosmos Holdings Inc (NASDAQ: COSM) is rocketing up the charts northbound since reversing off $0.0675 lows earlier this month where we first gave the heads up on COSM at around a dime in our article here. Since than COSM has rocketed northbound recently surpassing $0.60 per share with speculators pointing at $1 as the next stop. In our previous article on COSM on November 13 when COSM was $0.10 we stated: “COSM was trading well over $3 at the beginning of this year but has been heavily shorted since than with current estimates of well over 5 million shares sold short and almost the entire public float sold short. 

While COSM has been heavily shorted into oblivion, the Company is actually doing quite well recently reporting revenues for the 3 months ended September 30 were $12 million. The Company is successfully developing their business recently closing a deal with Iberica, a European Airline, for in flight distribution of their products. The CEO has bought millions of shares at current levels and COSM is beginning to go viral on social media trending on the sub reddit Short Squeeze, Number #1 on Stocktwits and multiple videos being made on YouTube about a massive short squeeze taking place in small caps. 

COSM Friday December 2, 4PM Close Update: COSM had a wild trading day on Friday dropping to $0.42 in the morning before rocketing up to $0.61 highs. This was followed by another drop to the $0.47 range before COSM rocketed up in late afternoon trading, closing at $0.53 on 205 million shares traded. COSM was up 33% on the day on around $110 million in dollar volume. COSM is setup for an enormous week ahead, looking to overtake the $0.845 from Monday and embark on a blue-sky breakout with $1 as the first stop. We gave the heads up on COSM when the stock was below $0.10 per share at the beginning of November. We will be updating on COSM as soon as anything new happens so make sure you are subscribed to Microcapdaily by entering your email in the box below.  

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

No alternative text description for this imageCosmos Holdings Inc (NASDAQ: COSM) is a global healthcare group that was incorporated in 2009 and is headquartered in Chicago, Illinois. Cosmos Health is engaged in the nutraceuticals sector through its own proprietary lines of products “Sky Premium Life” and “Mediterranation.” Additionally, the Company is operating in the pharmaceutical sector through the provision of a broad line of branded generics and OTC medications and is involved in the healthcare distribution sector through its subsidiaries in Greece and UK serving retail pharmacies and wholesale distributors. Cosmos Health is strategically focused on the R&D of novel patented nutraceuticals (IP) and specialized root extracts as well as on the R&D of proprietary complex generics and innovative OTC products. Cosmos has developed a global distribution platform and is currently expanding throughout Europe, Asia and North America. Cosmos Health has offices and distribution centers in Thessaloniki and Athens, Greece and Harlow, UK. 

The Number #2 post on the subreddit ShortSqueeze currently is titled: COSM about to test resistance. A pump through $0.66 and lift off to over $1.00 is possible now. 

In another post on COSM in the subreddit ShortSqueeze rubio2430 states: “$COSM you cant make this stuff up. this baby is ready for space. the shorts are burying themselves on the daily. constant pr’s, growing fundamentals, no plans on dilutions, dual listing on upstream soon—the list goes on! 

nimble_broccoli replied: Why this is a good play: 

1.) Extremely tiny Marketcap 2.) CEO buying 15’000’000 shares 3.) Good fundamentals, unlike other plays, they actually sell products valued around 10x the valuation. Q1/22 was profitable. 4.) Getting momentum on social media (Reddit Twitter, YT) 

Next catalysts: -Info that they will not be delisted from NASDAQ -Degen and Retail FOMO kicking in -Shorts starting to cover their asses 

In addition, consider this: The stock was somewhere between USD 2 and USD 12 the past ~8 years. Most Hodlers bought back then, do you think they will sell now? Do your own thinking but if one of my stocks dropped 80+ % i d not sell, i d just hope for a miracle or ride it out. Thus, not many regular buy&hold holders of the stock are expected to sell. 

Cosmos operates in the business of full-line pharmaceutical wholesale distribution and serves approximately 1,500 independent retail pharmacies and 40 pharmaceutical wholesalers in Greece region by providing brand-name and generic pharmaceuticals, over-the-counter medicines, vitamins and nutraceuticals. Cosmos invests in technology to enhance safety, distribution and warehousing efficiency and reliability. Specifically, the Company operates a fully automated warehouse system with three robotic systems, two ROWA™ types and one A-frame type, that ensure 0% error selection rate, accelerate order fulfillment, and yield higher cost-efficiency in our distribution center. Cosmos has 3 operating subsidiaries including:

SkyPharm
Sky Pharm SA is headquartered in Thessaloniki, Greece. Sky Pharm trades the excess amounts of about 500 medicines that can be exported within the EU countries. We buy from Greek wholesale pharmaceutical companies and multinational pharmaceutical manufacturers, and export to European markets where demand and prices are substantially higher.
.
DHN
Decahedron Ltd. is a pharmaceutical wholesaler incorporated in the UK in August 2011. It is audited by the MHRA under European GDP (Good Distribution Practices). They are also a full member of the EAEPC and have been audited by TÜV on their behalf.
.
Cosmofarm
Founded in 1994, Cosmofarm is a fully licensed pharmaceutical wholesale company operating in the greater Athens area. The company is approved and authorized by the National Organization for Medicines under Good Distribution Practices to distribute a comprehensive range of pharmaceutical products. Cosmofarm’s core activity is sourcing, procuring, and distributing branded.
.
To Find out the inside Scoop on COSM Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

COSM

Image

COSM business is strong and Q3 highlights include closing a $7.5M capital raise via public offering and signing an exclusive agreement to market and distribute Nickelodeon’s SpongeBob and PAW Patrol kids’ vitamins in Greece and Cyprus, aiming to reach out 11,000 pharmacies and 120 wholesalers in Greece and 780 pharmacies in Cyprus. They also executed a letter of intent for a strategic co-venture agreement with Smart for Life (SMLF) to cross market products and services in their reciprocal markets. COSM also entered into an LOI to acquire ZipDoctor Inc., and entered into an agreement with Virax Biolabs (VRAX), to become the distributor of Monkeypox Virus Real-Time PCR Detection Kits, having the exclusive distribution rights for Greece and Cyprus, with the opportunity to distribute the test kits across Europe on a non-exclusive basis. SkyPharm officially launched its first Sky Premium Life products on Amazon in the United States. Cosmos targets having all 85 SKUs listed on Amazon by year end. COSM entered into an LOI to acquire Pharmaceutical Laboratories CANA S.A., and another LOI to acquire LIFE NLB, Ltd.’s product portfolio, including Bone-Vio® and Bone-X, related to bone health targeting the human gastrointestinal microbiome. 

Last week COSM announced its Sky Premium Life luxury food supplement brand will be sold on Ronda, the official inflight magazine of the airline company Iberia of BRITISH AIRWAYS group. Ronda is available free of charge to the over 10 million passengers who fly Iberian Airlines annually. Iberia Airlines, majority owned by British Airways, has a fleet of 147 aircrafts and engages in over 600 daily flights. 

https://twitter.com/nxtplse/status/1597365583934545920

For More on COSM Subscribe Right Now!

Currently trading at a $36 million market valuation COSM os is 92,008,281 the Company recently reported Q3 Revenues of $12 million down a bit from the same time last year due to a high variation in FX differences between EUR and GBP to USD. COSM was trading over $4 this time last year however OS has increased substantially since then.  COSM is an exciting opportunity in small caps; the stock was shorted into oblivion and currently there are minimum 5.8 million shares short and was way oversold to pennies and it looked as if it would definitely get delisted by the Nasdaq however, led by able CEO Grigorios Siokas, Cosmos is fighting back. Mr. Siokas continues to buy more COSM at current price levels, putting his money where his mouth is as COSM rockets towards $1 which is now just a day and half away if the stock continues up at the same trend.  We will be updating on COSM when more details emerge so make sure you are subscribed to Microcapdaily.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

Continue Reading

BioPharma

Cosmos Holdings Inc (NASDAQ: COSM) Heating Up as Co Looks to Take on Massive 5 million Share Short Position

Published

on

Cosmos Holdings Inc (NASDAQ: COSM) is making a rapid move up the charts since recent reversing off $0.0675 lows. The stock was trading well over $3 at the beginning of this year but has been heavily shorted since than with current estimates of well over 5 million shares sold short and almost the entire public float sold short. COSM is quickly emerging as the latest short squeeze at the top of speculators watch lists and is currently trending on stocktwits and the sub reddit ShortSqueeze on Reddit. 

The Company is fighting back against the shorts and planning a lawsuit and CEO Grigorios Siokas recently put his money where his mouth is when he bought 12,500,000 shares of the stock at $0.12 average for about $1.5 million. While in danger of being delisted from the Nasdaq if they don’t get the stock price back over $1 by the end of November the Company is doing well recently reporting its first ever net income on $13,208,504 in revenues for the 3 months ended June 30, 2022. Cosmos is also acquiring ZipDoctor Inc. from American International Holdings Corp (AMIH) 

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Cosmos Holdings Inc (NASDAQ: COSM) is an international healthcare group that was incorporated in 2009 and is headquartered in Chicago, Illinois. On August 2, 2022, the Company filed a Fictitious Firm Name Certificate in Nevada to do business under the name Cosmos Health, Inc. and will seek shareholder approval at its annual shareholders meeting scheduled for December 2, 2022 to amend its Articles of Incorporation for the name change. Cosmos Health is engaged in the nutraceuticals sector through its own proprietary lines of products “Sky Premium Life” and “Mediterranation.” Additionally, the Company is operating in the pharmaceutical sector through the provision of a broad line of branded generics and over-the-counter (“OTC”) medications and is involved in the healthcare distribution sector through its subsidiaries in Greece and UK serving retail pharmacies and wholesale distributors.  

Cosmos operates in the business of full-line pharmaceutical wholesale distribution and serves approximately 1,500 independent retail pharmacies and 40 pharmaceutical wholesalers in Greece region by providing brand-name and generic pharmaceuticals, over-the-counter medicines, vitamins and nutraceuticals. Cosmos invests in technology to enhance safety, distribution and warehousing efficiency and reliability. Specifically, the Company operates a fully automated warehouse system with three robotic systems, two ROWA™ types and one A-frame type, that ensure 0% error selection rate, accelerate order fulfillment, and yield higher cost-efficiency in our distribution center. Cosmos has 3 operating subsidiaries including:

SkyPharm
Sky Pharm SA is headquartered in Thessaloniki, Greece. Sky Pharm trades the excess amounts of about 500 medicines that can be exported within the EU countries. We buy from Greek wholesale pharmaceutical companies and multinational pharmaceutical manufacturers, and export to European markets where demand and prices are substantially higher. The …
DHN
Decahedron Ltd. is a pharmaceutical wholesaler incorporated in the UK in August 2011. It is audited by the MHRA under European GDP (Good Distribution Practices). They are also a full member of the EAEPC and have been audited by TÜV on their behalf. They import and export branded, generic and …
Cosmofarm
Founded in 1994, Cosmofarm is a fully licensed pharmaceutical wholesale company operating in the greater Athens area. The company is approved and authorized by the National Organization for Medicines under Good Distribution Practices to distribute a comprehensive range of pharmaceutical products. Cosmofarm’s core activity is sourcing, procuring, and distributing branded

https://twitter.com/ChairmanOtc/status/1590877348752420866

To Find out the inside Scoop on COSM Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

COSM

ImageOn August 22 Cosmos provided a business update and reported financial results for the second quarter and six months ended June 30, 2022. Revenues were $13,208,504 for the 3 months ended June 30, 2022 compared to $14.8 million for the same period last year. 

Greg Siokas, Chief Executive Officer of Cosmos Health, stated, “We increased our profitability for the first half of 2022 due to the increase of gross profit margin to 14.2% from 11.5% for the respective period of 2021. This increase is attributed mainly to the organic growth of our proprietary nutraceutical brand, Sky Premium Life® (“SPL”). We achieved positive income from operations of $0.2 million for the first half of 2022 compared to a loss of $3.1 million in the same period last year and positive EBITDA of $0.8 million for the first half of 2022 compared to a loss of $2.8 million for the same period last year. Gross profit increased by 23.0% to $3.7 million for the six months ended June 30, 2022. We continue to carefully manage expenses and reduced operating expenses by nearly 43.7% and 41.9% for the three and six months ended June 30, 2022, respectively. During the quarter, we launched a new premium line of nutritional supplements, Mediterranation. The Mediterranation line uses organic herbs and plant extracts such as crataegus, hibiscus, dittany of Crete, oregano, mastic and kritamos, found in specific regions in Greece and the Mediterranean. These unique formulations contain a proprietary blend of vitamins and minerals and are made with the highest quality raw materials. There is high demand among consumers for supplements that utilize high quality Mediterranean ingredients, such as polyphenols, which possess antioxidant and anti-inflammatory properties. We expect the launch of the Mediterranation line will further enhance our growth strategy and we look forward to expanding the product line into new global markets through our growing distribution channels. We also launched our SPL products on Amazon Singapore and are in the process of launching on Amazon United States and Amazon Canada in the third quarter of 2022. These new markets provide an untapped growth opportunities and new audiences for our proprietary SPL brand. Our goal is to grow our portfolio of branded nutraceuticals and reach up to 150 SKUs by the end of 2022.” 

Earlier this year Cosmos announced an LOI to acquire ZipDoctor Inc. from American International Holdings Corp (AMIH). AMIH will continue to manage all aspects of the day-to-day operations of ZipDoctor including product development, marketing, and operational support. ZipDoctor Inc., is a direct-to-consumer subscription-based telemedicine platform, that expects to provide its customers affordable, unlimited, 24/7 access to board certified physicians and licensed mental and behavioral health counselors and therapists. ZipDoctor’s online telemedicine platform will be available to customers across the United States and offers English and Spanish coverage with virtual visits taking place either via the phone or through a secured video chat platform. 

On October 17, 2022, Cosmos entered into a Securities Purchase Agreement with certain institutional investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a public offering, an aggregate of $7,500,000 of securities, consisting of (i) 62,500,000 shares of Common Stock, (ii) pre-funded Warrant in lieu of shares of Common Stock, and (iii) warrants to purchase 125,000,000 shares of Common Stock (the “Common Warrants” and collectively with the Pre-Funded Warrants, the “Warrants”).  Under the terms of the Purchase Agreement, the Company agreed to sell one share of its Common Stock or a Pre-Funded Warrant and two Common Warrants for each share of Common Stock or Pre-Funded Warrant sold at a unit price of $0.12.  For each of 15,662,603 Pre-Funded Warrant sold in the Offering, the number of shares of Common Stock offered were decreased on a one-for-one basis. 

https://twitter.com/AirGoodman24/status/1591938222548189186

 For More on COSM Subscribe Right Now!

Currently trading at a $10 million market valuation COSM is the latest potential short squeeze at the top of speculators watch lists. With $35 million in current liabilities and an inability to collect on accounts receivables that currently stand at over $25 million COSM stock has lagged even as the Company reports its first ever net income on $13,208,504 in revenues for the 3 months ended June 30, 2022. The short position on COSM has grown to well over 5 million shares short and currently the entire public float is sold short. Now that the cat is out of the bag and the stock is surging northbound COSM short squeeze should be at the top of small cap speculators watch lists. We will be updating on COSM when more details emerge so make sure you are subscribed to Microcapdaily.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

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

Continue Reading

Trending

© All rights reserved.

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.