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Wanderport Corp. (OTCMKTS: WDRP) On the Move as Co Tweets They Have Acquisition Agreement Almost Ready to PR this Week

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Wanderport Corp. (OTCMKTS: WDRP) was up over 40% on Monday after the Santa Monica based Company stated on twitter: “After the weekend working session, we now have a draft of the acquisition agreement almost ready for signing. Our goal is to close and provide a PR update this week. We’re working to bring the company back to current on OTC Markets either as an Alternative or SEC Fully Reporting issuer as part of the first acquisition.” This is big news for the Company which has already taken initial steps to enter the automotive sector.  Its goal is to be an active participant in the burgeoning electric vehicle (EV) space via manufacturing and distribution of components as well as EV related services.

Management has also committed to strengthen the Company for growth and recently reached an agreement to secure and cancel an additional 10M shares of its Common stock, bringing the total shares to be cancelled to 30M.  This is in addition to over 54M shares cancelled in 2021. Management believes that a sound path to growth is via accretive mergers and acquisitions. The Company has set a goal to uplist to a fully reporting company as soon as practicable.  This will enable Wanderport to access larger investors or institutions which the Company needs in order to support its long-term growth plans. The Company will proceed to return its status to current with OTC Markets.  There was no material change in its operations, share and debt issuance since the last filing.

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Wanderport Corp. (OTCMKTS: WDRP) operating out of Santa Monica, California WDRP is a holding company formerly specializing in blockchain, digital asset and metaverse.  The Company’s new focus will be in the areas of automotive, electric vehicles, energy and manufacturing.

Microcapdaily reported on WDRP in January of this year reporting at the time: “Wanderport Corp. (OTCMKTS: WDRP) has seen a significant jump in price and volume after the Company announced its move into the booming Metaverse projected to reach $800 billion in 2024 according to a recent analysis by Bloomberg, IDC, PWC, Statista, and Two Circles. The Metaverse represents the convergence of the physical and digital worlds and the next stage in the evolution of the internet, e-commerce, social networks, and digital communities. WDRP is “pink current” with less than a million in debt on the books with 690 million share outstanding and 478,200,000 free trading shares currently trading at a $3,659,827 total market valuation. On January 5 the stock traded as high as $0.015 shy of 52-week highs of $0.0205. Speculators accumulating at current levels are looking for a break over $0.0205 for confirmation of the next leg up. 

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WDRP

 

On September 29 WDRP providerd a business update including the cancellation of common shares and pivot into the automotive and energy sectors. As part of management’s commitment to strengthen its position for growth, the Company had reached an agreement to secure and cancel an additional 10M shares of its Common stock, bringing the total shares to be cancelled to 30M.  This is in addition to over 54M shares cancelled in 2021. Management is open to further negotiation for share cancellation if necessary to support its future expansion efforts. 

The Company has taken initial steps to enter the automotive sector.  Its goal is to be an active participant in the burgeoning electric vehicle (EV) space via manufacturing and distribution of components as well as EV related services.  The Company plans to accomplish this endeavor through partnerships and creating an equity portfolio of established companies that are currently serving this industry. 

Wanderport is formulating plans to enter the green energy sector.  Its main focus will be in the areas of clean renewable energy as well as products to serve the EV market such as charging equipment or stations. There has been a strong global push for electric vehicles and clean energy.  Recent development in the United States includes a new $5 billion infrastructure bill that will allow every state in the US, District of Columbia and Puerto Rico to have access to federal funds for charging infrastructure projects. The Company plans to participate in this sector with related products and services for the residential and commercial usage.  

Due to economic and geopolitical factors, there has been a sizable amount of corporations establishing manufacturing capability in Vietnam.  This presents huge growth opportunities for the manufacturing sector and supply chain there.  Aside from exporting, many of the products manufactured in Vietnam can also be sold to the fast-growing local consumer base. The Company plans to capitalize on this growth trend through mergers and acquisitions, particularly as they are related to electric vehicles and consumer goods. 

The Company has been gradually divesting its current businesses to focus on the new direction.  The health coffee line will be discontinued once inventory has been depleted.  All blockchain related assets have been assigned to UA Multimedia, Inc.  The Company will continue to collaborate with UA on future technical projects. 

Wanderport CEO Miki Takeuchi stated: “Wanderport is firmly committed to creating shareholder values. After seeing the growth opportunities in our current busines model diminished, we pivoted to the areas of automotive, energy and manufacturing which we believe have strong growth potential for the foreseeable future.  We have made a few initial steps into these new ventures and plan to provide additional details soon.”

https://twitter.com/MoonMarket_/status/1584566548748185600

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Currently trading at a $1.7 million market valuation WDRP OS is 690,533,333 shares and about 478,200,000 shares in the float. The stock is on the move after the Company stated on twitter: “After the weekend working session, we now have a draft of the acquisition agreement almost ready for signing. Our goal is to close and provide a PR update this week.” On January 5 the stock traded as high as $0.015 shy of 52-week highs of $0.0205 with the exact same share strucutre of OS 690 million. Speculators accumulating at current levels are looking for a break over $0.0205 and its blue skies ahead. We will be updating on WDRP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with WDRP.

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

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Emerging Markets

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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Emerging Markets

Cazoo Group Ltd (CZOO) is one stock that Wall Street could be talking for day to come

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Cazoo Group Ltd (NASDAQ: CZOO) last traded at $2.62, a gain of +0.6400 (+32.32%). More than 5M shares exchanged hands compared to an average daily volume of 228K shares. Considering that the 52 week high of CZOO is more than 65$, there seems to be a lot of room to the upside.

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Why did CZOO surge last week? Welcome to the Carvana of the UK!

Cazoo, a publicly traded company (NYSE: CZOO), was founded in 2018 by serial entrepreneur Alex Chesterman OBE. The company’s mission is to revolutionize the UK’s car buying and selling experience by offering consumers better selection, value, transparency, convenience, and peace of mind. Cazoo’s goal is to make the car buying or selling process as simple as purchasing any other product online. The company enables customers to buy, sell, or finance a car entirely online, with delivery or collection available in as little as 72 hours.

Recently, Cazoo Group Ltd, the UK’s leading online car retailer, updated its business performance and progress with the restructuring announced in January. The CEO, Alex Chesterman, expressed satisfaction with the progress made so far in 2023, despite the challenging economic environment. The company has taken swift and decisive management action to restructure the group, improve unit economics, and reduce fixed costs. The rightsizing of headcount and operational footprint is well underway, and the company expects to complete the restructuring before the end of Q1 2023. The company has seen significant improvement in its GPU, with retail GPU tracking at approximately £900, up from £600 in Q4 2022. Cazoo has sold over 100,000 cars entirely online in the UK in the three years since its launch. The company remains fully focused on driving higher profitability and has appointed Jonathan Dunkley as Chief Operating Officer. Cazoo’s cash reserves remain strong, and the company expects to achieve profitability without external funding until H2 2024. The company expects to end 2023 with over £100m of cash and cash equivalents on its balance sheet and sell 40,000-50,000 UK retail units in the current year.

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The online car market in the UK has been growing rapidly in recent years, driven by increasing consumer demand for convenience and transparency in the car buying process. Online car retailers such as Cazoo, Carzam, and Cinch have emerged as major players in the market, offering a wide selection of used cars for sale online with home delivery or pickup options. These companies use advanced technology to provide customers with a seamless buying experience, including virtual vehicle inspections, transparent pricing, and easy financing options. The COVID-19 pandemic has further accelerated the shift towards online car buying as consumers seek to avoid in-person interactions and dealerships adapt to new ways of doing business.

So if CZOO learns from Carvana’s mistake, there is little to no doubt that CZOO could be the talk of the town in days to come. We will be updating on CZOO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CZOO.

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Emerging Markets

Ocean Biomedical Stock Surge could just be getting started and here’s why

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Shares of Ocean Biomedical (NASDAQ:OCEA) surged more than 100% on Thursday, following a talk by the company’s scientific co-founder, Dr. Jack A. Elias, at Brown University’s Legorreta Cancer Center. The preclinical-stage biotech, which went public on the NASDAQ on February 15, focuses on developing novel treatments for deadly diseases, including malaria, multiple cancers, and pulmonary fibrosis.

During the talk, Dr. Elias presented exciting details about potential therapies to suppress tumors in various cancers, focusing on the company’s work in understanding the role of the protein Chitinase 3-like-1 (CHI3LI) in the progression of lung cancer. He also discussed his discoveries on how certain monospecific and bispecific antibodies can be used as therapies to treat non-small cell lung cancer (NSCLC) and glioblastoma multiforme (GBM). The company aims to expedite these findings into phase 1 trials.

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The excitement over this preliminary news stems from the large target groups for both diseases. According to Cancer.net statistics, NSCLC is the leading cause of cancer death and the second-most diagnosed cancer in the US, affecting around 236,740 people. GBM is the most common primary brain tumor in adults, with an average survival period of just 15 months and no cure.

The recent surge in Ocean Biomedical’s shares also comes on the heels of an announcement on February 28 that co-founder Dr. Jonathan Kurtis had been awarded a patent for the discovery of the third parasite target PfCDPK-5. This target has the potential to be used to halt the malaria parasite in various stages of its cycle, opening up new possibilities for treating this deadly disease.

Ocean Biomedical’s focus on developing novel treatments for deadly diseases and its recent exciting findings have generated significant investor interest. However, it is important to note that investing in preclinical-stage biotech companies carries a high level of risk. There is no guarantee that these discoveries will translate into effective treatments or that the company will receive regulatory approval.

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Nevertheless, the positive developments from Ocean Biomedical are a significant milestone and hold great promise for patients suffering from deadly diseases such as cancer and malaria. If the company’s discoveries prove successful in further clinical trials, they could potentially generate significant revenue and transform the standard of care for these diseases. We will be updating on OCEA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OCEA.

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

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