The Great Oil Sale! Russia Sells Heavily Discounted Crude to India as Sanctions Bite
Russian President Vladimir Putin is offering substantial discounts on oil sales to India, as crippling Western sanctions take their toll on international demand for Russia’s crude. According to Bloomberg, which cited individuals familiar with the matter, Russia is knocking off as much as $35 per barrel of oil in an effort to entice India to […]
Hycroft Mining: BMO Indicates Company Still Doesn’t Have Sufficient Capital For Mine Restart
On the evening of March 25, Hycroft Mining Holding Corporation (NASDAQ: HYMC) announced it had closed its recently announced at-the-market financing. The company said it had sold a total of 89,553,584 shares for total proceeds of $138.6 million. This comes a week after the company announced that they had issued 46.82 million units to AMC […]
Applebee’s Executive Gets Flak After Excitedly Outlining How To Take Advantage Of The Poor In An Email
Earlier this month, Wayne Pankratz, an executive director of operations for American Franchise Capital, which owns 50 Applebee’s in the Midwest, wrote a long email to his colleagues. The email, which bore the clickbaity subject line “Why gas increase is good for hiring,” described how the increasingly unaffordable cost of living, thanks to soaring gas […]
U.S. Imposes Higher Penalties on Automakers for Not Meeting Fleetwide MPG Standards, Tesla To Benefit
U.S. President Biden continues to go “all-in” on building up the electric vehicle (EV) industry. On March 24, the National Highway Traffic Safety Administration (NHTSA) announced plans to significantly increase penalties assessed to car manufacturers which fail to meet federal fuel efficiency standards in the model years starting retroactively in 2019. In the first mileage penalty […]
MJardin: A Bridging Finance Debt Warehouse
The Deep Dive has identified MJardin Group (CSE:MJAR) as one of three Canadian cannabis companies that insolvent commercial lender Bridging Finance is known to have lent to. No comprehensive picture of the Bridging borrowers is available, key portions of the Ontario Securities Commission’s submission to Bridging’s ongoing receivership having been redacted. This post is part […]
Sri Lanka Suffers Rolling Blackouts Amid Worsening Economic Crisis
Sri Lankan citizens were left without power for most of the day on Wednesday, as the country lapses into a deepening economic crisis that is leading to mass fuel and energy shortages. Sri Lanka had no choice but to cut power for 10 hours on Wednesday while warning of further blackouts on Thursday, after being […]
SPAC Queen’s Gambit Growth Capital Secures Shareholder Approval Of Merger With Mass Transit Platform Swvl
Special purpose acquisition company Queen’s Gambit Growth Capital (Nasdaq: GMBT) announced on Wednesday that it has secured its shareholders’ approval of the proposed business combination with mass transit platform Swvl Inc. The transaction is expected to close today, subject to customary closing conditions. With 75.63% of shareholders on record, around 98.00% voted for the proposed […]
Pond Tech: Converting CO2 Into Algae – The Daily Dive
Joining us for the first time on the Daily Dive today is Grant Smith, CEO of Pond Technologies (TSXV: POND). Grant joins us today to discuss net-zero emissions goal by 2050, and what public firms can do to assist in reducing climate change impacts. Grant also provides a high level overview of Pond, a recent […]
Galaxy Digital Posts $1.71 Billion Net Income For 2021, Still Awaits SEC On Nasdaq Listing
Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q4 and full-year 2021 financial results, which saw the company posting a net income of $1.71 billion. This is an increase from 2020’s net income of $385.5 million. The company attributes the increase to the strong contributions from investment businesses “driving realized and unrealized gains on […]
FDA Puts CytoDyn Clinical Trials For HIV, COVID-19 On Hold
CytoDyn Inc. (OTCQB: CYDY) reported on Wednesday that its current trials for investigational drug leronlimab will be put on partial hold for its HIV program and full hold on its COVID-19 program. While the firm did not disclose the reason behind the pause, it said it is “committed to [US Food and Drug Administration] compliance.” […]