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These Hot Penny Stocks Under $4 Are Up as Much as 424% YTD

3 Innovative Penny Stocks That Are Worth Watching…

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This article was originally published by PennyStocks.

Will These 3 Tech Penny Stocks Make Moves in April?

This week, many tech penny stocks stumbled amid new virus concerns and yield concerns. But it doesn’t take away from how much the sector as a whole has climbed since the start of the pandemic. While some tech penny stocks could be considered overvalued right now, others have yet to see mainstream popularity.

With any tech company, investors need to consider how innovation plays a role. In addition to that, decide if the company is doing anything to set itself apart from others. These are important as they could help to determine what a tech penny stock may look like in the long term. Because there are so many to choose from, it’s important to have a list handy.

Penny Stocks & What To Look For Before You Buy

Decide the criteria of the companies you’re looking for.  Is it purely based on finding sympathy trades moving because of a bigger market-wide trend? On the other hand, maybe you’re looking for stocks in specific niches of tech similar to what we’ve seen with NFT penny stocks.

Now, traders understand that March has not been the best month for those invested in tech. While the past twelve months have seen exceptional gains from the industry, recent pressure, high volatility, and overvaluations have led to some declines over the past thirty days.

But there is always the potential for a buying opportunity; it’s just a matter of finding where that is. With this in mind, here are a few names still trading below $4 right now. But just because they may be “cheap,” will they be the best penny stocks to buy right now?

Tech Penny Stocks To Buy For Under $4

Ocean Power Technologies Inc. (NASDAQ: OPTT)

Ocean Power Technologies is a penny stock that we’ve covered numerous times in the past. Hitting $3 per share on March 30th for the first time since early 2019, OPTT is again on the radar. It’s important to consider that OPTT is both a tech penny stock and a renewable energy penny stock. So there could be speculative catalysts at play from multiple angles.

Specifically, Ocean Power provides innovative and cost-effective ocean-based energy solutions. It offers its PowerBuoy platform, which allows for offshore and subsea communication and clean power use. In its Q3 2021 report, posted earlier this month, OPTT announced some exciting updates. This includes the acquisition of 3Dent Technology, which allows it to move into the engineering and design of offshore rigs.

[Read More] 4 Penny Stocks Traders May Look To Buy If Tech Rebounds

In addition, 3Dent already has an existing customer base, which makes this an even better deal. George Kirby, CEO of OPTT, states that “OPT’s third-quarter brought dramatic change to our company. We acquired 3Dent Technology, which we believe is an important step for our long-term growth strategy and for expanding our offerings of autonomous clean ocean energy and data solutions.”

During the quarter, Ocean Power brought in a nominal $0.3 million in revenue. This makes sense given that it has yet to commercialize its products on a large scale. Despite this, the company managed to end January of this year with more than $80.4 million in cash. A large part of this is due to an at-the-market agreement with Aspire Capital that served to bring in more than $76.1 million. So with its large funding and solid prospects, is OPTT going to make it onto your list of penny stocks to watch in April?

Penny Stocks to Watch Ocean Power Technologies Inc OPTT Stock Chart

Liquid Media Group Ltd. (NASDAQ: YVR)

One of the penny stocks up triple digits year-to-date is Liquid Media Group. Since the start of 2021, YVR stock is up 118% and has climbed as high as 377%. It’s is a business solutions company that works in the professional video market. It offers end-to-end solutions that include packaging, financing, monetization, and the delivery of content. With the pandemic causing more people to be at home than ever, demand for content is at an all-time high. This means that companies like Liquid Media Group see heightened attention.

Last week, it announced a registered direct offering of around 1.8 million shares priced at $3.35 per share. This offering should bring in roughly $6 million in capital. With this, Liquid Media Group will put it toward reducing debt, engaging in potential acquisitions, and use it for working capital moving forward.

A few weeks earlier, the company announced an exciting distribution agreement with the famed gaming brand Atari. The goal is to allow Liquid’s video distribution platform known as SlipStream, to be included on all-new Atari VCS consoles. These systems will be sold at gaming retailers like GameStop and online at AtariVCS.com.

While this may not seem like a big deal in the short term, the real news from this is the adoption of Liquid’s tech platform. Including it on a big-name gaming console will help to get the word out about Liquid Media. Furthermore, thanks to this relationship with Atari, YVR stock has also gotten wrapped up in the NFT craze. With the market apparently dictating the speculative trend, management seems to have its interest piqued as well. In a Benzinga Power Hour episode, O Ron Thomson commented on the NFT angle, saying, “It’s certainly becoming something in our industry, and we are seeing some of the companies in our business embrace them, and so we are very much looking forward to learning more about NFTs and finding a way that we can incorporate those into our business model going forward.”

Penny Stocks to Watch Liquid Media Group Ltd YVR Stock Chart

Humbl Inc. (OTC: HMBL)

The penny stock formerly known as Tesoro Enterprises quickly rose in popularity following its name change and business combination. As one of the most actively traded OTC penny stocks in the past few months, Humbl Inc. has a large pipeline of opportunity. But to better understand this, let’s take a closer look at the company.

In the past few months, Humbl has worked to put forth several new ideas, mostly stemming from the cryptocurrency industry. Additionally, during that time, investors have seen a rise in the value of SPACs, crypto, ICOs, NFTs, and more. While most investors know Humbl as a global payments company, it has developed even further over the course of the year.

When it merged with Tesoro Enterprises, the goal was to create a complementary business. The two seem like a great match with Tesoro’s payment processing and Humbl’s interest in crypto and blockchain. While Tesoro was a relatively unknown penny stock, the deal offered Humbl the opportunity to get onto the public markets quickly. It has taken this in stride, with 2021 becoming a monster year for the stock already. Since the beginning of January, shares of HMBL have shot up by as much as 424%.

[Read More] Best Penny Stocks To Buy Right Now? 3 Biotech Stocks To Watch

Looking ahead, Humbl has focused on global expansion. Earlier this month, the company signed a stock purchase agreement allowing Chilean company Aurea Group to purchase HMBL shares and obtain country rights to Chile for a purchase price of “up to” $7,500,000. It will receive 35% of the profits from operations of the HUMBL family of products in Chile, including the HUMBL ® Mobile Division, HUMBL Hubs, HUMBL Marketplace , and HUMBL Financial.

Penny Stocks to Watch Humbl Inc. (HMBL Stock Chart)

The post Hot Penny Stocks To Buy Under $4 Up As Much As 424% In 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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