Surge Holdings a Small Cap on the Move

OTCQB: $SURG is a Small Cap Telecom/Fintech revenue machine that has over 68 Million in assets… 1.6 Million cash in the bank…1.4 million in monthly recurring revenue & growing geometrically through both expanded distribution and addition product offerings. Surge’s Revenue Opportunity is off the charts

Surge Holdings $SURG a publicly traded company offering wireless telecom services, payment services and an industry changing virtual wholesale distribution portal for retailers.  Surge focuses on the 77 million individuals with no contract cell phones, the 51% of the population that has below grade or invisible credit. Surge utilizes emerging technology to improve the quality of life for the Millions of people that are unbanked, under-banked, and overlooked. The budget conscious who do not want to be locked into contracts, the millions who cash checks and pay bills at the over 300,000+ Corner stores, markets and bodegas near their homes multiple times each week. This is where the Surge plan provides a competitive advantage to grab amazing market share.

A recent independent research report for SURG stated: “The key metric for investors: An estimated $1.5M in monthly revenue per 1000 stores, which should be continually replicated with greater sales penetration over time.  The most recent shareholder update stated a target of 15,000 retail locations by year-end 2019. This equates to $22.5 million per month in topline revenue. Current revenues are approximately $1.4 million a month, so this is a 16 times or 1600% increase.

Blockchain Portal

SURG utilizes their proprietary Surge Pays Blockchain Portal to create a distribution railway into these stores. The basic service is “top off to other carriers” payments, where customers can pay any cell phone carrier in cash. Surge then bundles other wireless services, wireless phone sales, municipal government payments, pre-paid debit cards branded with the big three, MasterCard/Visa/Discover. The industry game changer is the distribution portal.  This is software that the retailer uses to order Surge products that is also tied to their bank account. Opening the door to distributing consumables such as energy drinks, CBD oils, snacks, etc. Before to distribute a product into these “mom and pop” stores you need a sales force to actually pull the door and make the sale. Now companies can offer their products through the Surge Pays Portal. The retailer orders their products, Surge processes the payment and issues the PO, the vendor drops ships the product.  Much like how people use Amazon Prime. This opens the opportunity for companies who could not afford national sales forces or fleets of deliver trucks to offer their products on a nationwide basis. Truly game changing!

SURG rings the cash register so many different ways!

Preferred Wireless and Payment Provider

SURG is being endorsed as the preferred wireless and payment provider.  Here’s a great example: The recent Oklahoma Grocer’s Association endorsement was for 2,000 C stores just in 1 state! There are over 154,000 convenience stores in the United States. This does not include grocery stores, liquor stores or other potential distribution locations. We are talking less than 10% market penetration for a management team who has grown this same type of service to over $17 million a month in a private company without having the prepaid wireless! This is a broader product, which should be able to get broader adoption!

The Surge team led by CEO Brian Cox has generated hundreds of millions in annual revenue in private companies. Now in the public sector his model for business building over the last 18 years has proven success.  It is based on the rock of recurring revenue from life enhancing technology products and Lifting people up. He is continuing to do that now in Surge. By building an OTCQB up to the big board so that shareholders who believe in the company now can take the profit ride up with the company!

When was the last time you seen a company where revenue led price by this much? When was the last time you saw an OTCQB with earnings and such a power team? SURG is it!

 

Guest Post by Stockzeus from www.bestotcstock.com


 

Nasdaq to Acquire Cinnober

STOCKHOLM, Sweden, Sept. 14, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ), a leading global provider of trading, clearing, exchange technology, listing, information and public company services today announced that it has made an USD 190m1 all cash recommended public offer to the shareholders and warrant holders of Cinnober (Nasdaq First North: CINN), a major Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure technology providers.

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Source: NASDAQ

 

Pot Stocks Can’t Be Ignored, an Editorial from Barron’s

A recent Barron’s article by Steve Garmhausen, titled ‘Pot Stocks Can’t Be Ignored’, puts a spotlight on the strong performance of marijuana stocks through the first three-quarters of 2018. As the article notes,“Marijuana stocks have been an investor darling this year, with even hedge fund billionaire Leon Cooperman betting his own money in the sector.” The most recent buying frenzy in the space came on the heels of a late-August report that alcoholic beverage giant Diageo (NYSE: DEO) was in talks to invest in or partner with at least three Canadian cannabis companies. Tilray (NASDAQ: TLRY), one of the largest and most sophisticated producers of premium medical cannabis in the world, saw its shares skyrocket from $17 at its July IPO to a high of more than $62 earlier this week. Likewise, Cronos (NASDAQ: CRON), which commenced trading on the Nasdaq in February, rose from a mid-August low of $5.65 to a 52-week high of $12.89 in the wake of the Diageo news. “This is like bitcoin levels, the kind of move Tilray is making,” cannabis investor Jason Spatafora told MarketWatch. “The market is completely irrational.”

Marijuana stocks have been an investor darling this year, with even hedge fund billionaire Leon Cooperman betting his own money in the sector. Their big gains, including a spike in the past several days, will force advisors to take a position—whether it’s ushering their clients into the party, or just saying no.

A buying frenzy in pot-related companies touched off last week after a report that Diageo, the company behind Smirnoff and Johnnie Walker, was in talks to invest in or partner with at least three Canadian pot companies, MarketWatch notes.

That lifted firms like Tilray [TLRY] and Cronos Group [CRON]. Tilray sparked another leg up Wednesday by beating quarterly earning expectations. Since its July IPO, Tilray has shot from $17 to $61 per share. Cronos started trading on the Nasdaq in February and has since risen from $8.24 to $12.74 a share.

Is some irrational exuberance at work? Perhaps. “This is like bitcoin levels, the kind of move Tilray is making,” cannabis investor Jason Spatafora told MarketWatch. “The market is completely irrational. [Tilray’s] market capitalization is over $4.5 billion. That’s insane. They don’t have as much cash as [big rivals] Canopy or Aurora. It shouldn’t trade at half that valuation.”

For his part, Cooperman holds a position in Green Thumb Industries [GTBIF], a publicly-traded marijuana cultivator and dispensary operator, according to Business Insider.

For a deep dive into the business of marijuana, check out this March cover story from my Barron’s colleague Bill Alpert.

Steve Garmhausen

About Barron’s

Barron’s is America’s premier financial magazine. It provides in-depth analysis and commentary on the markets, updated every business day online. For more information, visit www.Barrons.com

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date August 15, 2018

NEW YORK, (GLOBE NEWSWIRE) — At the end of the settlement date of July 31, 2018, short interest in 2,368 Nasdaq Global MarketSM securities totaled 7,262,547,835 shares compared with 7,298,561,701 shares in 2,353 Global Market issues reported for the prior settlement date of July 13, 2018. The end-of-July short interest represents 4.88 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.42 days for the prior reporting period.

Short interest in 908 securities on The Nasdaq Capital MarketSM totaled 1,118,675,308 shares at the end of the settlement date of July 31, 2018, compared with 1,146,739,509 shares in 896 securities for the previous reporting period. This represents 3.42 days average daily volume, compared with the previous reporting period’s figure of 3.65.

In summary, short interest in all 3,276 Nasdaq® securities totaled 8,381,223,143 shares at the July 31, 2018 settlement date, compared with 3,249 issues and 8,445,301,210 shares at the end of the previous reporting period. This is 4.61 days average daily volume, compared with an average of 4.30 days for the previous reporting period.

The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations.  A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

 

 

Disclaimer: Kevin Surbaugh distributes Youngevity (YGYI) as an independent sales representative and has investments in the publicly traded company.  He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.

UPDATE — Energy Producer Statkraft to Integrate Nasdaq’s SMARTS for Trade Surveillance

STOCKHOLM, Sweden,  (GLOBE NEWSWIRE) — Statkraft, Europe’s largest producer of renewable energy has selected Nasdaq’s (NASDAQ: NDAQ) SMARTS Trade Surveillance to monitor trading behavior across power markets in the EU and Norway, in line with the Market Abuse Regulation (MAR).

SMARTS energy solution deepens client base and product offering

Statkraft’s decision adds to a growing community of energy corporations and utilities across the Americas, Europe and Asia using SMARTS to enhance their trade monitoring and contribute to bolstering the integrity of the global energy markets. These include Iberdrola Generacion, ScottishPower Energy Management, Avangrid Renewables, Koch Supply & Trading and Engelhart Commodity Trading Partners, and others across the oil and gas value chain, which includes upstream and downstream sectors as well as power market participants.

“As cross-jurisdiction regulation continues to constantly evolve, energy companies are under increased pressure to have in place flexible surveillance technology to keep up with new rules and requirements,” said Valerie Bannert-Thurner, SVP and Head of Risk & Surveillance Solutions, Nasdaq. “We have invested in our energy surveillance technology to allow our clients such as Statkraft to scale their surveillance capabilities as their business expands into new asset classes and geographies, while also addressing important regulatory demands. We look forward to a successful and long-term relationship with Statkraft.”

SMARTS continues to invest further in its energy capabilities, including deep behavioral analysis of trading across MAR-regulated venues, which further enhances OTC monitoring of physical and related contracts across multiple exchanges and venues. SMARTS Trade Surveillance for Energy sits on a drop copy network of energy exchanges allowing it to ingest private trade and order data with minimal technical requirements on its clients.

As the industry benchmark for real-time and T+1 cross-market surveillance platforms, Nasdaq’s SMARTS surveillance technology automates the detection, investigation and analysis of potentially abusive or disorderly trading, to help improve the overall efficiency of the surveillance organization and reduce cost, even as market complexity and new regulations increase. These solutions are used to power monitoring for more than 45 marketplaces, 17 regulators and 140+ market participants, including several buy-side institutions, across 65 countries.     Source: NASDAQ

Cannabis Strategic Ventures, Inc. (NUGS) Does Deal for Clean Cannabis as New Regulations Take Effect

(Cannabis News Wire/Network News Wire) —

  • New regulations mandate cleaner, safer cannabis
  • Cannabis concentrate extraction deal with CGMP-compliant facility
  • Launchof Pure Organix with vape pen cartridges
  • Appointment of CPG-experienced board member

The deal that Cannabis Strategic Ventures, Inc. (OTC: NUGS) recently struck with Sunniva Inc. comes at a crucial time in the California cannabis industry. On July 1, new, stricter regulations came into force that caused quite a kerfuffle; retailers were forced to sell off non-compliant products in what has been labelled a “fire sale” of cannabis. As the industry develops, California state authorities appear to be building a robust regulatory regime, which will put a premium on quality products like those marketed by NUGS. The company plans to introduce a line of branded cannabis extract products under the name ‘Pure Organix’.

Regulation of cannabis in California has had a long history. The state was the first to legalize cannabis for medical purposes after it passed the Compassionate Use Act in 1996, but a lot has happened since then. In June 2017, an attempt to consolidate and streamline regulations was made with the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA). Now, under MAUCRSA, there are three state agencies responsible for regulating and licensing cannabis operators: the California Department of Food and Agriculture (CDFA), which regulates cultivators, processors, and nurseries; the California Department of Public Health’s (CDPH) Manufactured Cannabis Safety Branch, which regulates cannabis manufacturers; and the Bureau of Cannabis Control (BCC), which regulates distributors, retailers, delivery-only retailers, microbusinesses, temporary cannabis events and laboratories.

In November 2017, these three agencies released their emergency regulations and licensing requirements. They also announced a transition period during which cannabis businesses would be allowed to, in effect, disregard the new regulations. That transition period ended on June 30, 2018, commencing the new regulatory regime on July 1, 2018.

Now, among other restrictions, the following apply: untested cannabis goods cannot be sold by a retailer and must be destroyed, and those manufactured or harvested before January 1, 2018, in possession of a distributor that are owned by the distributor, will have to be destroyed. Moreover, all cannabis goods must be in child-resistant packaging; simply having child-resistant exit or secondary packaging is no longer enough. In addition, edible cannabis goods may no longer exceed 10 milligrams of THC per serving or 100 milligrams of THC per package, and non-edible cannabis products must not contain more than 1,000 milligrams of THC per package in the adult-use market (http://nnw.fm/712mA). Essentially, California is requiring shops to sell only marijuana that has been tested for pesticides, potency and microbiological contaminants.

The arrangement between Cannabis Strategic Ventures and Sunniva involves subsidiary companies (http://nnw.fm/8LnKU). Under it, CP Logistics, LLC (CPL), a wholly owned subsidiary of Sunniva, will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for Pure Applied Sciences, Inc. (PAS), Cannabis Strategic’s wholly owned subsidiary. The agreement calls for CPL to initially produce cannabis oils for use in PAS vape pen cartridges, which PAS will market under the Pure Organix™ brand, and expansion into other product areas is expected.

The new initiative will be given added impetus with the appointment of Chris Young, co-founder of PAS, to the board of directors of Cannabis Strategic Ventures (http://nnw.fm/38Cls). Young, who holds a JD from Southwestern Law and an MBA from the University of Southern California, has already built and exited two successful ventures. First, he founded a women’s fashion brand, which was sold two years later. Then, he co-founded Coordinates Collection, a luxury jewelry brand that’s marketed to over 500 stores in 10 countries. After his second successful exit, Young moved on to become a strategy and branding consultant developing consumer packaged goods (CPG) products for celebrity-led brands.