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TuesdayMay 09, 2017 11:51 am

NetworkNewsBreaks – SeeThruEquity Updates Coverage, $10.50 PT on IEG Holdings Corp. (IEGH)

SeeThruEquity has issued a company update and maintained its price target of $10.50 on shares of IEG Holdings Corp. (OTCQB: IEGH). Among other highlights, the analyst notes the company’s recently reported financial results for the first quarter of 2017. The report showed a decrease in operating costs to $1.5 million and revenues of $0.47 million. The company reported that cumulative loan volume was $14.24 million at the end of the first quarter, which the analyst said is of importance as a driver of revenue and potential profitability. The company’s upcoming catalysts include growth, guidance for adjusted profitability this year, and…

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TuesdayMay 09, 2017 9:16 am

NetworkNewsBreaks – SinglePoint, Inc. (SING) Set to Begin Onboarding ‘High Risk’ Merchant Accounts

Specialized holding company Singlepoint, Inc. (OTC: SING) this morning announced its entry into a new agreement enabling the company to start onboarding ‘high risk’ merchant accounts. “We are providing multiple solutions to the cannabis space and we are trying to do the same in the payments space as well,” Greg Lambrecht, CEO of SinglePoint, stated in the news release. “Being able to offer a payment solution to multiple different verticals gives the company a larger target market to tap into. We believe high risk is a huge opportunity and an underserved market at this point.” The new solution will offer…

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MondayMay 08, 2017 12:32 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on May 8, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: CERU 37.50% – News: CEO receives two awards SENR 29.58% – News: Makes appointments to corporate management team SGOC 25.00% – News: Acquires Century Skyway Limited INPX 22.70% – News: Receives $2.5M purchase order from health insurer; posting Q1 results May 11 AKDS 10.71% – News: Acquires SolBright Renewable Energy, LLC AXSM 10.26% – News: Receives Fast Track designation from FDA for AXS-05 to treat agitation in patients with AD SENZ 8.75% – News:…

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MondayMay 08, 2017 12:32 pm

NetworkNewsBreaks – Chanticleer Holdings, Inc. (NASDAQ: HOTR) Inks Deal with Franchisee for 8 Little Big Burger Locations in Southern CA; Shares Climb

Shares of Chanticleer Holdings (NASDAQ: HOTR) are up more than 37% mid-day after the owner and operator of multiple international and domestic restaurant brands said it has signed a multi-unit franchise deal with LBBIG LLC to open a minimum of eight Little Big Burger locations in Southern California by 2021. LBBIG is an owner and operator of more than 10 restaurants in the San Diego and Los Angeles markets. Additionally, the founder of LBBIG is a large investor in Chanticleer as a recent lead investor in the company's debenture private placement. "We are excited to expand Little Big Burger's presence…

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MondayMay 08, 2017 11:30 am

NetworkNewsBreaks – Amyris (NASDAQ: AMRS) Announces $95M Equity Financing, Debt-Reduction Strategy; Shares Down 30%

Industrial bioscience company Amyris (NASDAQ: AMRS) this morning announced a series of agreements for up to $95 million in equity financing, and detailed its ongoing initiative to reduce its debt by approximately $75 million. As separately announced, the financing commitment includes participation by Koninklijke DSM N.V., a global science-based company active in health, nutrition and materials. DSM will make an initial investment of $25 million on May 11, 2017, and may invest an additional $25 million in Amyris. DSM will gain one board seat upon the closing of each tranche. Amyris said the companies will enter into a development cooperation…

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MondayMay 08, 2017 11:27 am

NetworkNewsBreaks – DURECT Corp. (NASDAQ: DRRX) Shares Soar on $293M Development, Marketing Agreement with Novartis (NYSE: NVS)

Shares of DURECT Corp. (NASDAQ: DRRX) surged more than 30% in morning trade after the biopharmaceutical company announced a development and commercialization agreement with Sandoz AG, a division of Novartis (NYSE: NVS), for the development and U.S. marketing of POSIMIR®, DURECT’s non-opioid analgesic intended to provide up to three days of continuous pain relief after surgery. Per the agreement, DURECT will receive from Sandoz an upfront payment of $20 million, the potential for up to an additional $43 million in development and regulatory milestones, up to an additional $230 million in sales-based milestones, as well as  tiered double-digit royalty on product sales in the United States. "We…

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MondayMay 08, 2017 9:22 am

NetworkNewsBreaks – Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) Issues Update on Sully Project Exploration Activities

Mineral exploration and development company Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) this morning issued an update on its exploration activities at the Sully project. Notably, the company has commenced field programs with the arrival of excellent weather conditions, and the project team is currently undertaking a number of activities at the site, including a drill campaign at E1; detailed gravity surveying of E2, E3 and E4; prospecting, mapping and access reconnaissance for planned drilling at E3; and new gravity surveying at the WEST anomaly. To date, the project team has completed three diamond drill holes at E1, two at…

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FridayMay 05, 2017 1:06 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on May 5, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: HOTR 58.38% – News: Completes $6M private placement GBSN 22.03% – News: Reverts stock symbol to GBSN ABWN 9.65% – News: Obtains FCC approval to test demonstration system EYEG 8.02% – News: Moves on momentum from recently submitted IDE for EyeGate OBG DRAM 7.02% – News: Announces 1-for-4 reverse split AMMA 6.28% – News: Promoting NFC 95 in Kennesaw, GA on May 12 IMGN 4.87% – News: Posts Q1 2017 results HPJ 2.15% –…

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FridayMay 05, 2017 12:22 pm

NetworkNewsBreaks – Delta Technology Holdings (NASDAQ: DELT): Hike in Price of Solvent Byproduct Contributes to Sales Growth

Shares of Delta Technology Holdings (NASDAQ: DELT) are up 5% this morning after the company said the price of its solvent has quadrupled over the past 12 months. The solvent, which is one of the company’s principal byproducts, consists primarily of dichlorotoluene. Dichlorotoluene is used in the production of exterior wall coating and industrial glues. “Delta produces between 100 and 300 tons of solvent in OCT/PCT production process every month, and because it's a byproduct, we don't attribute a material cost to its production. As a result, sales of solvent not only contribute to revenue growth, but are also highly…

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FridayMay 05, 2017 12:18 pm

NetworkNewsBreaks – Eco Science Solutions, Inc. (ESSI) Inks LOI to Acquire Specialty Banking Operation; Shares Rise

Eco Science Solutions, Inc. (OTCQB: ESSI) shares are up more than 18% after the company this morning said it has signed a Letter of Intent (LOI) with Ga-Du Bank, Inc. for the purpose of acquiring full ownership of the bank in a stock and cash transaction. ESSI will operate the bank as a wholly owned subsidiary upon the closing of the transaction. Furthermore, the company will operate the financial banking division providing payment processing, cash management and financial services to its customers in the cannabis industry. "It has been our vision from day one that, in order to fully service…

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