Verses Closes On A Further $5.5 Million, Expands Financing Due To Demand
Verses Technology (NEO: VERS) has now closed the second tranche of its financing, while at the same time upsizing the deal to enable further funds to come in the door. The closing follows a $5.2 million tranche that closed just a day after the financing was initially announced. The second tranche saw a total of […]
Voyager Digital Sells Coinify For US$2 Million After Purchasing For US$84.0 Million A Year Ago
Voyager Digital (TSX: VOYG) has begun the process of selling off its assets as it works through bankruptcy filings. The firm last night indicated that it will be selling its interest in Coinify ApS, a Europe-based crypto platform. The transaction will see the indirectly wholly owned company sold to an entity owned by certain members […]
Hut 8 Mining: HODL Strategy Leads To Second At-The-Market Financing This Year
The problem with utilizing a “HODL” strategy if you’re a crypto mining firm, is that while you may recognize significant revenues, you can’t actually turn that into cash. For Hut 8 Mining (TSX: HUT) shareholders, this became clear last night when the company announced another at the market financing. This latest ATM financing marks the […]
Naked Shorting Targeted By New IIROC Notice
This morning IIROC, who oversees all investment dealers and trading activity on debt and equity markets in Canada, issued a notice effectively aimed at the practice of “naked short selling.” The note states that short sellers “without a reasonable expectation that they will have access to sufficient securities to settle any resulting trade on settlement […]
BBBY: Bed Bath & Beyond Sees Ryan Cohen File For Potential Stock Sale, Cramer Takes A Victory Lap
The drama continues for Bed Bath & Beyond (NASDAQ: BBBY) this evening as investors learn of a filing made by Ryan Cohen of RC Ventures LLC. The filing, a Form 144, was made public this afternoon and quickly caught the ire of Twitter and WallStreetBets users alike. The timing of the filing happened to coincide […]
Very Bankrupt, Much Wow: Three Arrows Capital Founders Bought A $50 Million Superyacht They Never Got To Sail
“It represents the beginning of a fascinating journey,” said the broker to announce the sale of the $50 million superyacht. It was the largest ever to be sold in Asia by Sanlorenzo, the renowned Italian boat builder. The beautiful vessel was set to sail in July, and the buyers were Three Arrows Capital founders Su […]
London Metal Exchange Bans Russian Nickel
The London Metal Exchange on Tuesday suspended from its approved warehouses Russian nickel exports dated on or after July 20, a move that follows the earlier decision to ban other Russian metals including copper, lead, primary aluminum, and aluminum alloy from British warehouses. The decision also follows after the UK government imposed 35% additional duties […]
Kids These Days: Study Sees Tough Financial Luck, Lower Buying Power For Gen Z
No wonder kids are angry. Older generations are leaving them with an ailing planet and a difficult financial road ahead. A recent ConsumerAffairs study analyzing cost of living data from the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, the National Association of Realtors, and the Education Data Board, determined how prices have changed […]
Are We Now Having A Bed Bath & Beyond Short Squeeze?
Highly shorted stock meets high interest from retail investors: Bed Bath & Beyond Inc. (NASDAQ: BBBY) appears to be the next in line for the meme stock short squeeze. And it seems to be moving in that direction. The retailer’s socks rallied once again today–which seems to be a daily phenomenon just this past week. […]
Why The Inflation Reduction Act Is NOT Going To Work
Returning to the Dive today to sit down with SmallCapSteve is David Morgan from The Morgan Report. Today’s discussion focuses on the impact of the inflation reduction act, the inversion of the yield curve, and whether the US cares about its reserve currency status. Also discussed is central banks and whether they know what they’re […]