THE TIKI HUT FUND |THE PAST YEAR, FRIDAY’S BIGGEST MOVERS
WILL THE MOVES CONTINUE?
Annovis Bio, Inc. (ANVS) | Bangs 127% Higher on – We Forget..
Annovis Bio Inc.’s 127% surged after new data from a trial of its experimental drug to combat Alzheimer’s disease and Parkinson’s disease. They raised $13.8 million in a January IPO at $6.00 via ThinkEquity! Maria Maccecchini CEO with three employees said “We aren’t cash-strapped anymore,” Great story.
The news sent the company soaring to a record high of $60 on Friday as it added around $230 million in value and millions. It traded as high as $97. Note this was Phase II data, and as we have advised in the past – explosive moves can happen BEFORE Phase III. The company (they were ready with a shelf offering) took advantage of the spike to float a $50 million offering – cha-ching at $50 a share. Congrats. NEWS
Obalon Therapeutics, Inc. (OBLN) | On Weight Loss Solution
Obalon Therapeutics, Inc., a vertically integrated medical technology company with the first and only FDA-approved swallowable gas-filled intragastric balloon system for the treatment of obesity jumped on news of a merger with ReShape Lifesciences Inc. (RSLS) after giving effect to the merger, Obalon stockholders will own approximately 49% of the stock of the combined company. ReShape has an FDA-approved Lap-Band® program that provides minimally invasive, long-term treatment of obesity. 1 billion adults are overweight in addition to 650 million adults and 124 million children and adolescents being obese. Not sure what is spiking it, as the deal was announced in January. NEWS
Resonant Inc. (RESN) | Incredible Day, Incredible Week.
Bulls in charge for now. Traded from $2.00 to $7.00 in Jan-Feb, during its last “5G” play power move, they reported great unit sale numbers (+ 437% to 8 million). Resonant makes radio frequency (RF) filter. Revenues in the first quarter of 2021 were $0.6 million (whoopie) but they claim a multi-billion-dollar opportunity by revolutionizing the RF filter supply chain. Alrighty then. Market cap near $200 million. plenty of Wall Street coverage with $4-$6 price targets, we’ll pass for now. NEWS.
APHEX BioCleanse Systems (SNST) | The World’s Best Industrial Sanitizer?
Very interesting. Not officially on the above list, but a very pretty chart nonetheless. A client, Aphex reverse merged into Sunset Capital last year and their industrial OEM sanitizer has been getting rave reviews throughout the industry.
Their proprietary Hy-IQ® Water products have an incredibly unique and strong set of relevant attributes, including alcohol-free, non-toxic, non-flammable, non-irritating, hypo-allergenic, and safe for children and pets. It’s sanitation uncompromised and in our opinion, a paradigm shift away from alcohol which is probably 90% of the market. NEWS ARCHIVE. If they get FDA approval, it’s game-over for alcohol (says we..just saying).
RELATED: Adding Aphex BioCleanse Systems (SNST) to CoronaVirus Watch List.
Gracell Biotechnologies Inc ADR | Banging up 60% in Two Weeks
As nice as a chart can get. Four Wall Street firms covering with $30-$40 price targets. The party started in early April when investors read “six patients (100%) treated achieved a complete remission with or without complete blood count recovery.” Very early in data with a $1.1 billion market cap, ahh pass. NEWS
Mesa Royalty Trust (MTR) | Wall Street’s Version of Ambien. Zzzz
Landing squarely between boring and depressing, continued low oil and natural gas prices, among other things, “..will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions.” And there were none month after month and then a $0.27 payday for Unitholders of record on May 30, 2021, payable on July 30, 2021. It was a $20 back in the day (2018). Why they’re even public is a mystery to us. NEWS.
Lightbridge Corporation (LTBR)| Hidden Sexy Play? Hmmm
Hmm, what do we have here?? The return of nukes?? How could we not be interested? Would the Robin hooders go for this? 1:12 reverse split in late 2019. Ran fro $2.00 to $10 from Nov to Feb.
We’re not sure but this probably shouldn’t be filed under ‘Joe Biden green play’ BUT.. “Today, nuclear energy is growing in recognition as a sustainable energy source. The European Commission recently announced that it would include nuclear power in the EU’s sustainable taxonomy, which allows investments in nuclear to be provided the same tax and regulatory benefits as other “green” technologies.” Seth Grae, President & CEO.
$15 million in the bank and no debt – so they ain’t broke. Been public like forever, yet no coverage on Wall Street. Super low burn rate. Who are these guys??? Well have to listen to: Conference call will be available on the Company’s website via webcast at https://edge.media-server.com/mmc/p/cve98jed
Great Elm Group, Inc. (GEG) | Nothing So Great
Not sure what these guys are. Incubator? Business Development Company? Main business is “providers of sleep testing, PAP, and other respiratory products and services in 9 locations throughout Kansas and Missouri.”…the demand for sleep studies continues to be soft due to the ongoing impact from the COVID-19 pandemic, and referrals for new equipment set-ups declined as they are generally driven by in-house or external sleep studies. Then there is an SEC-registered investment advisor. The then they also “seek to build a diversified portfolio of high-quality, income-producing real estate assets that are leased to credit-worthy tenants.” just ‘not-worthy’ of interest.
