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Top Penny Stocks to Know in Mid-October 2021? 3 to Watch

Are these penny stocks on your October watchlist?
The post Top Penny Stocks to Know in Mid-October 2021? 3 to Watch appeared first on Penny Stocks to Buy, Picks, News and Information |



3 Top Penny Stocks to Watch Right Now 

So far, October has been a great month for both penny stocks and blue chips. While many trading days have started in the red, we have seen major gains by EOD during certain sessions. 

On Tuesday, October 12th, Dow Jones futures were higher in premarket. This includes shares of Tesla Inc. (NASDAQ: TSLA), rallying by around 1% on stronger than expected sales in China. Right now, there is a lot of uncertainty in the stock market that is resulting in the high volatility we’re witnessing right now. This uncertainty stems from both the pandemic and the resulting economic conditions. 

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Those conditions include high inflation, a government that is running out of cash, and on the other side, faster than expected economic growth. With this, we see that there is some good and some bad, however, the air of uncertainty in the market means that we are likely to continue to see this volatility with penny stocks. However, those who buy and sell penny stocks tend to look for large fluctuations as it allows for the opportunity to make money with small caps. 

At the end of the day, make sure that you have a proper trading strategy by your side and a clear understanding of your goals. This will help to ensure that the stocks on your list are right for your portfolio. Considering all of that, let’s take a look at three penny stocks to know about in mid-October 2021. 

3 Penny Stocks for Your October Watchlist 

  1. Cinedigm Corp. (NASDAQ: CIDM
  2. Seelos Therapeutics Inc. (NASDAQ: SEEL
  3. NanoVibronix Inc. (NASDAQ: NAOV

Cinedigm Corp. (NASDAQ: CIDM)

Cinedigm Corp. is an entertainment company that we have discussed frequently over the past few months. In the last month alone, shares of CIDM stock have shot up by around 13% with a YTD gain of over 250%. These are solid numbers and show the sizable growth that CIDM stock has seen during that time.

If you’re not familiar, Cinedigm is a company that owns the rights to movie, TV, and other digital content assets. This portfolio of content is distributed to major platforms such as Amazon, Netflix, Hulu, and Apple among others. It also distributes its products for brands like Hallmark, Televisa, and Konami.

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On October 11th, the company announced a contract renewal with Crown Media Family Networks which owns Hallmark Channel. The companies have been partnered for almost a decade at this point, and now this contract has been extended. Cinedigm will continue managing Hallmark’s TV-OD and physical business.

“With so much uncertainty in the world, they remind us of the values we all have in common: the importance of friendship, family, and love. Seeing how audiences gravitate towards this content gives us a sense of pride; it’s touching to know that we can play a part in building a connection between the audience and these films by making them available to own and now rent.”

The Chief Content Officer and Head of Digital Sales at Cinedigm, Yolanda Macias

Keeping this new announcement in mind, will CIDM be on your list of penny stocks to watch?

Seelos Therapeutics Inc. (NASDAQ: SEEL)

Seelos Therapeutics Inc. is a biotech company that produces treatments for the respiratory system, central nervous system, and more. Its SLS-002 program is for treating acute suicidal ideation and behavior in patients with major depressive disorders. It also has SLS-006 which is a treatment for patients with Parkinson’s disease. The company has many other trials as well such as SLS-005 for treating those with Sanfilippo syndrome.

On October 1st, the company announced an upcoming presentation. Seelos will present a poster on SLS-002 at the IASR/AFSP International Summit on Suicide Research Virtual Conference. This conference is expected to take place from the 24th to the 27th of October. Seelos is presenting on the 25th from 1 pm to 2 pm in the presentation titled “A Phase 2 Open-Label Study of Efficacy, Safety, and Tolerability of SLS-002 (Intranasal Racemic Ketamine) in Adults with Major Depressive Disorder at Imminent Risk of Suicide).

“We are grateful for this opportunity to present at this year’s summit and excited to share these data plus some additional interim data from the open-label study with the global community focused on the research and treatment of patients in this critically important field.”

Chairman and CEO of Seelos, Raj Mehra, Ph.D.

In the past YTD period, shares of SEEL stock have shot up by over 50%, and in the past twelve months by over 140%. With this upcoming presentation in mind, will you add SEEL to your penny stocks watchlist?


NanoVibronix Inc. (NASDAQ: NAOV)

NanoVibronix Inc. is another biotech penny stock that is trending in the market right now. This is a company that manufactures and sells biological response-activating noninvasive devices. These devices target wound healing, pain therapy, and biofilm prevention. Its UroShield product prevents bacterial colonization and biofilm in urinary catheters. In the past five days, shares of NAOV stock have jumped by around 12% and YTD by over 140%.

On October 11th, NanoVibronix reported positive results from its independent double-blind trial of PainShield. 91% of the patients who participated in the PainShield treatment group had complete or partial resolution of symptoms. These patients were being treated for lateral epicondylitis or tennis elbow which is the swelling or tearing of tendons in the arm.

“Results of the Birmingham study further reinforce that PainShield is safe, easy-to-use, and highly effective in treating soft tissue pain. Patients in the study who wore our device reported marked reduction in pain and when combined with over-the-counter, anti-inflammatory medications, those same patients reported a complete resolution of symptoms within 10 days.”

CEO of Nanovibronix Brian Murphy

On the same day of this announcement, NAOV shares increased by an impressive 17.65% in the market. Noting this info, will NAOV make your penny stock watchlist this month?


Which Penny Stocks Are on Your Watchlist?

Finding the best penny stocks to buy is all about understanding the current state of the market. With so many to choose from, it can be difficult to land on just a handful for your watchlist.

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However, with the right research by your side, finding and making money with penny stocks can be much easier than previously imagined. With all of that in mind, which penny stocks are on your watchlist right now?

The post Top Penny Stocks to Know in Mid-October 2021? 3 to Watch appeared first on Penny Stocks to Buy, Picks, News and Information |

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Popular Penny Stocks to Buy in October? 3 For Your Watchlist

Are these penny stocks worth watching right now?
The post Popular Penny Stocks to Buy in October? 3 For Your Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information |




3 Penny Stocks That Are Popular With Retail Traders in October 

In the past year and a half, retail traders have taken penny stocks by storm. It’s worth noting that the term penny stocks itself simply implies any stock trading under $5. And given that retail traders tend to look for heightened volatility at times, penny stocks can be great options to choose from. But, in order to find the best penny stocks to buy, investors need to do the proper due diligence. 

This means conducting as much research as you possibly can. Specifically, investors should look for speculative events, balance sheets, upcoming announcements, and social media sentiment surrounding the company. These will all offer invaluable insight into how the penny stock could perform in either the short or long term.

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In addition, it’s a great idea to have a thorough understanding of the underlying industry that the company works in. This could serve to underline any potential movement that the company could have. 

Because penny stocks can have such immense potential, it’s no wonder that retail traders often invest in them. These stocks offer a relatively cheap barrier-to-entry and large potential momentum that can be beneficial to smaller portfolios. So, keeping all of this in mind, let’s take a look at three popular penny stocks to watch in October 2021. 

3 Penny Stocks That Retail Traders Are Watching Right Now 

  1. ReShape Lifesciences Inc. (NASDAQ: RSLS
  2. ZW Data Action Technologies Inc. (NASDAQ: CNET
  3. Federal National Mortgage Association (OTC: FNMA

ReShape Lifesciences Inc. (NASDAQ: RSLS)

ReShape Lifesciences Inc. is a biotech penny stock that witnessed an over 30% spike on October 8th. While it has corrected since then, many investors are still showing interest in ReShape. This company offers medical devices for treating those with metabolic diseases and obesity. It offers the Lap-Band System and ReShape Vest, both to help with patients suffering from weight-related issues. Additionally, the company offers ReShapeCare virtual health which is a coaching program to enable healthy lifestyle changes.

The latest update from ReShape comes from August when it released its preliminary second-quarter financial results for 2021. Its reported revenue was $3.5 million compared to $1.7 million year over year, showing a 107% increase. From the first quarter of 2021, its revenue grew by 10%. In addition to this, it reported a gross profit of $2.1 million in the second quarter of 2021.

“The second quarter was an exceptional one for the Company. In this period, we completed our highly anticipated merger with Obalon Therapeutics, increased visibility in the financial markets by listing on the Nasdaq, and bolstered our diverse product portfolio with the launch of our online wellness hub, ReShape MarketPlace.”

The President and CEO of ReShape, Bart Bandy

While it is safe to say that RSLS stock is quite volatile, it looks like the company could have a lot to offer. Keeping all of this in mind, will RSLS make your list of penny stocks to watch?


ZW Data Action Technologies Inc. (NASDAQ: CNET)

ZW Data Action Technologies Inc. is a company that offers advertising, marketing, and data analysis services. The China-based company offers its services through its websites such as and These provide advertisers the ability to build sales channels via franchisees, sales agents, and distributors among others. In the past five days or so, shares of CNET stock have shot up by around 5%. And while performance this year for CNET is nothing to write home about, it does look like there is some bullishness surrounding CNET stock right now.

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On October 7th, the company launched it’s Blockchain Infrastructure Framework (BIF) for business applications. The company’s platform is for a variety of business applications utilizing non-fungible tokens and decentralized finance (NFT & DeFi). The BIF automation platform intends to provide all types of enterprises with one-stop creation, development, intelligent operations, and more application services. The company states that its BIF automation platform could have a potential market size of $150 billion USD.

“We are excited about the launch of our BIF Platform, as we are unwavering in creating and providing a digitized smart ecosystem and solution where all MSMEs could easily access secured blockchain-powered technologies and applications to rapidly adapt to different business scenarios. Going forward, we will continue focusing on the development of our blockchain technology and infrastructure to provide comprehensive solutions to all our users with various needs.”

Chairman and CEO of ZW Data, Handong Cheng

Considering all of this information, do you think that CNET stock is worth watching or not?


Federal National Mortgage Association (OTC: FNMA)

Federal National Mortgage Association (FNMA) is a penny stock that has seen its fair share of ups and downs throughout the pandemic. Despite being down by around 70% YTD, FNMA has seen some spikes during that time. If you’re unfamiliar, FNMA is a company that sources financing for mortgages. It offers both single-family and multifamily mortgage-related products. Additionally, the company offers credit risk and loss management services. Its main purpose is to securitize mortgage loans originated by lenders into Fannie Mae mortgage-backed securities.

On September 24th, the company extended multifamily protections for renters indefinitely. Its COVID-19 forbearance program has been extended with no end date in sight to give continued support to property owners and renters in multifamily units that are dealing with tough financial times. While this is not ideal for investors, it could offer long-term prospects instead of short-term gains.

“As financial and economic uncertainties around COVID-19 persist, Fannie Mae is committed to providing continued forbearance options for Fannie Mae multifamily borrowers. This will allow for the continuation of essential tenant protections to help keep renters in their apartments as the recovery process continues.”

Executive VP and Head of Multifamily at FNMA, Michele Evans

Right now, homes in the U.S. are hitting multi-decade high prices. And as a result, more people looking to buy homes are seeking larger loans. Because of this, investors are showing heightened interest in companies like Federal National Mortgage. With this information in mind, will FNMA be on your penny stock watchlist?


Which Penny Stocks Are You Watching Right Now?

While investing in 2021 has not been easy, to say the least, there are plenty of opportunities to make money with penny stocks. And because of this, investors continue to look for the best penny stocks to buy.

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As always, traders should make sure that they have done all the research available to ensure that they know exactly what they’re getting into. With that in mind, which penny stocks are you watching right now?

The post Popular Penny Stocks to Buy in October? 3 For Your Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information |

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Distraction As Policy While Our Economic Rome Burns

Distraction As Policy While Our Economic Rome Burns

Authored by Matthew Piepenberg via,

Desperation and distraction are masquerading as economic policy. Below we see how and why…and at what cost…

COVID: The Great..



Distraction As Policy While Our Economic Rome Burns

Authored by Matthew Piepenberg via,

Desperation and distraction are masquerading as economic policy. Below we see how and why...and at what cost...

COVID: The Great Economic and Political Hall-Pass

If every time I stole a cookie from the jar in front of my mom (age 8), or drove dad’s car (sometimes into a tree) without permission (age 16), failed a dorm-room inspection (age 17), broke a lawnmower for driving over a fence post (each year) or forgot a key anniversary (eh-hmm), it would have been so convenient to have a universal “hall pass” to excuse what is/was otherwise just plain stupid behavior.

Luckily for the grown children running our global financial system into the ground, the COVID pandemic is becoming precisely that: “A global hall pass for excusing decades of stupid.”

As we’ve written many times, inexcusably high debt levels, tanking growth data, struggling work force figures, embarrassing wealth disparity and insider market rigging between Wall Street and DC was well in play long before COVID made the headlines.

But now, the architects of such “pre-COVID stupid” have the current COVID narrative to justify and excuse even, well… more stupid.

The Latest Jobs Report “Explained” …

Take, for example, the latest job reports data from those DC-based creative writers at that comic-book publication otherwise known as the Bureau of Labor Statistics (BLS).

Known for years on Wall Street as mathematical magicians capable of turning 12% inflation into a 2% CPI lie, that same BLS is operating yet again to fib away the latest (and otherwise telling) jobs data.

The September jobs report was the second consecutive and disappointing report from the BLS, which they were quick to blame on “pandemic-related staffing fluctuations.”

Hmmm. That’s a nice phrase, no? “Pandemic-related staffing fluctuations.”

But the real description boils down to something more PRAVDA-like under the new Biden Vaccine Mandate, namely: “Obey or we take your job away.”

Needless to say, not everyone is obeying.

Since 2020, employment in local government education is down by 310,000; in state government education, employment is down by 194,000 jobs, and in private education the numbers are down by 172,000.


Why such “staffing fluctuations”?

The answer is simple: Many educated folks in the education sector don’t like being mandated to inject a vaccine into their bodies which by all reports from vaccinated infection rates, is no vaccine at all, but a debatable form of treatment at best.

Thankfully for all of us, I’m not interested in debating the hard vaccine data here, as folks like me should not be proffering unwanted medical expertise, which I clearly lack.

No one, myself included, really knows everything about mutating virology, but I’d wager to say that many of us are more mathematically dubious than Fauci is medically honest…

Jefferson (and History) Ignored

For followers of American history and markets, however, certain ideals and facts are easier to track despite distraction-as-policy tactics.

We are reminded, for example, of how passionately Thomas Jefferson warned us circa 1776 that a private central bank would eventually destroy our nation, and that only an educated population could save it.

Sadly, the new President is taking the inverse approach: Firing teachers and propping bankers.

Fast-forward some 240+ years from our founding fathers to our semi-conscious Biden, and we discover a nation wherein a private central bank effectively finances our national debt while the teachers, students and institutions charged with making citizens wiser, educated and free now find themselves locked out of their offices, classrooms and lecterns.

Seems a little upside down, no?

Red or blue, most of us can agree than nothing coming out of the White House in recent memory remotely resembles the vision or freedom-driven intellect of founding fathers like Jefferson, despite his known flaws.

Instead, we have seen red and blue administrations whose grasp on coherency, let alone math, history, economics or even Afghan geography is questionable at best.

Biden’s Response

And what does Biden (or his “advisors”) have to say about the recent and scary numbers within a gutted and “locked-out” educational labor force?

Well, you’ll have to see it to believe it..

Really? Really? Really?

That’s right folks.

The President of the United States, home to the world’s reserve currency and former beacon of global freedom, is telling Americans not to worry about the slow death of genuinely informed dissent (as well as educational access and jobs) or the attempted popularizing of otherwise tyrannical mandates, but to focus instead on the vaccine rates at United Airlines?

Yes. Really.

The leader of the free world is boastfully telling us that the “bigger story” is a fully vaccinated United Airlines (who were forced to choose between a jab or job), so why worry about the problems in that silly ol’ educational sector or outdated Bill of Rights?

Playing with Minnows While Ignoring Whales

Where ever one stands on the understandably divisive vaccine issue, how can anyone compare a private airline’s vaccine rate to a national education, civil liberty and employment crisis?

Why are politicians, Davos dragons, statisticians, media bobble-heads and central bankers focusing our/your attention more on a virus with a case fatality rate of less than 0.5% than they are on openly addressing whale-sized issues like unsustainable debt, rising inflation, embarrassing labor inequality, a dying currency or even more declining GDP?

Deliberate and Desperate Distraction as Policy

Well, history tells us why.

As anyone not banned from a classroom knows, the history of desperate leaders seeking to distract, censor and control the masses in times of a self-inflicted and debt-induced cycle of internal economic rot is long and distinguished.

As Biden doubles down on the bad (yet deliberately distracting) hand of what was hoped to be an optically humanitarian policy of vaccine mandates, the masses are getting restless as well as fired…


Criminalize the non-consenting as anti-vaccine, anti-science or anti-American “flat-earthers” while denying open discussion on such otherwise relevant topics as basic math, constitutional law, calm science or individual rights…

Meanwhile, those who won’t tow Biden’s increasingly incoherent mandate (or Don Lemmon’s always coherent ignorance) are losing jobs and/or forced to prioritize (in a Jeffersonian way) individual liberty over financial security.

Ben Franklin, of course, said those who surrender liberties for security deserve neither.

In such a polarized backdrop, everyone, pro or anti-vaccine, loses.

Informed, open and calm debate has been replaced by a contradictory, censored, sanctimonious and hysterical autocracy from prompt-readers to political puppets.

So much for leading the free world… Let me remind Biden to consider the words of another founding father, Thomas Paine:

“I have always strenuously supported the right of every man to his own opinion, however different that opinion might be to mine. He who denies to another this right, makes a slave of himself to his present opinion, because he precludes himself the right of changing it.”

As someone who studied and practiced constitutional law, worked within a rigged Wall Street and read nearly every book I could find on America’s founding fathers, I can say without hyperbole that I no longer recognize the country (or values) of my birth nation.

As Franklin also noted, “All democracies eventually die; usually by suicide.”


But let’s get off my high-horse and back to those job reports…

Conviction vs. Employment

As Bloomberg recently noted, the result of these “pandemic-related staffing fluctuations” is a bit alarming.

The following critical industries are witnessing the following job-loss percentages: Nursing and Residential Care (-1.26%); Local Government Education (-1.83%); Community Care for the Elderly (-2.20%) and lodging (-2.25%).

But thank goodness that despite a deliberate weaning of nurses, teachers and elderly care experts, United Airlines is nearly fully vaccinated and our Motion Picture Industry (universally known for its astounding political and financial wisdom) is seeing a +4.21% job increase.

Awe, but as Johny Mellencamp would say, “Aint that America?”

Now instead of more employed and free-thinking nurses, teachers and students allowed to gather, speak and think freely at their own campus or clinic, we can be glad that jobs in Hollywood, like DC, are growing to keep us living on more fantasy rather than actual, informed and hard-earned knowledge.

Oh, and the Economy…

But rather than just rant otherwise rhetorical sarcasm, let’s get back to those other barbaric (and soon-to-be empty) old-school disciplines like economics…

Biden’s mandates are more than just evidence of distraction as policy and constitutional interpretation/usurpation, they have direct impacts on our financial lives outside of the deliberately exaggerated vaccine debacle/debate.

Let’s go down the list of what economics taught us years ago, when we were allowed to enter a classroom:

  1. Stagflation Ahead.

As more and more folks are locked out of work, the entitlement costs for these “un-American” free-thinkers will rise, placing greater inflationary pressures upon a deliberately constrained rather than open economy.

Rising inflation + slowing economic activity = stagflation.

Prepare for this, as that’s what’s coming.

Inflation, by the way, is an invisible tax on those who can afford it the least. Thanks again Powell et al for shafting the middle class…

  1. A Divided States of America

A country which once revered open rather than censored debate, investigative rather than complicit journalism, and respected rather than polarized differences of opinion, is becoming increasingly factionalized, divided and angry.

Jab or no jab, I fully respect both views. Can’t we all do the same without a “mandate”?

Like Thomas Paine, I hope so, because as Thomas Jefferson warned, we face far greater economic and political threats ahead than COVID.

Rather than accountability, transparency and cooperation, leadership today is defined by fantasy and magic, from magical money created at the Fed to magical employment and CPI data downplayed at the BLS.

Such left or right fantasy-as-policy is as old as history—it’s darker side, that is. Just ask Lenin, Castro, Nixon or Greenspan.

Whenever backed into a debt corner of their own design, leaders employ a familiar combo of boogeyman and salvation narratives to divert the masses away from the slow-drip erosion of their personal liberties, dying currencies and debt-driven stagnation.

This distraction-as-policy is happening right now. The rise of the COVID narrative in 2020 is more than a coincidence. It’s a conveniently exploited opportunity for political and financial opportunists.

  1. More Centralized Controls and Fake Markets

With debt levels far beyond the Pale of productivity levels (i.e., embarrassing debt to GDP ratios), the U.S. and other developed economies are mathematically and factually unable to ever grow their way out of the debt hole they have been digging us into for years.

Period. Full stop.

If I know this, and if you know this, well…they certainly know this too in DC.

The only difference is that these policy makers, like most kids caught with a hand in the cookie jar, are incapable of admitting fault.

Instead, today’s “leadership” can blame their economic and policy failures (and self-preservation rather than “service” instincts) on something else—i.e., “COVID did it.”

But as we’ve voiced elsewhere, the debt time bomb, growth declines, social unrest, wealth disparity and failing political credibilities in play today were already a major problem BEFORE COVID.

Now, as then, the empirical data objectively confirms that tanking manufacturing data, jobs growth, economic productivity, broken supply chains, scary transport numbers and political mistrust can never service the over $28.5T in public debt sitting on Uncle Sam’s bar-tab.

As a natural result, we can therefore expect far more “accommodation” (i.e., monetary expansion) from the Fed, and far more “Fiscal Stimulus” (i.e., deficit spending) from our comical legislature ahead.

Stated otherwise: Get ready for more real debt, fake money, centralized controls and hidden wealth destruction.

Zombie Stocks, Bonds and Bankers: Too Big to Fail 2.0

Sadly, one of the only forms of income which Uncle Sam enjoys today is the capital gains receipts from a bloated, rigged and artificially Fed-supported stock market.

This means we can anticipate more “stimulus” for a zombie, crack-up-boomed market well past its natural expiration date.

The same is true of for government IOU’s.  No one wants our bonds. 2020 saw $500B in foreign outflows rather than inflows for US Treasuries.

So, who will pay Uncle Sam’s bar tab now?

Easy:  Uncle Fed at the Eccles Building down the avenue from a Treasury Department now led by a former Fed Chairwoman.

One really can’t make this crazy up. It’s all that real, that rigged and that true.

The U.S. debt crisis is now being “solved” by a circular loop of a Wall Street and a White House children tossing their hot potatoes of bad debt (MBS and sovereign) around until they are bought with money created out of thin air by the Fed.

And yet despite such insider support, rigged markets and “accommodated” securities, even the rising tax receipts from these bloated markets are not enough to cover the interest expense on Uncle Sam’s bar tab.

In short, US Treasury bonds and stocks are openly supported Frankenstein-assets kept alive by a central bank and White House cabal (sorry, Mr. Jefferson…) who blame every problem (and justify every expenditure) on a virus rather than confess to the cancerous reality of over 20+ years of their open and obvious mismanagement of a rigged banking and distorted financial system.

But rather than account for such sins, we can expect a bigger bail-out rather than an honest confession…

In 2008, for example, the response from DC and NYC to bankers gone mad was to declare bankrupt banks as “Too Big to Fail.”

Fast-forward some 13 years later and that same toxic duo of bankers and politicos have now effectively telegraphed that bankrupt government bonds and private stocks are also “too big to fail.”

That ought to anger an informed population. But instead, we are fighting about masks, vaccine shaming and Prince Harry’s sensitive upbringing.

So far, the distraction-as-policy technique seems to be working in favor of the foxes guarding our financial henhouse.

Signal More Currency-Debasing “Miracle Solutions”

Which brings us right back to a harsh but increasingly undeniable yet ironic reality.

If objectively broken bonds, stocks and financial regimes are too big to fail, then the only way to “save” them is with more mouse-click-created currencies which are too debased to succeed.

As precious metal and other long-term, real-asset investors long ago understood, currency expansion is just another name for currency debasement.

In other words, eventually, all that “system saving” new money simply drowns the system it was allegedly designed to save in ever more debased dollars.

Again, it’s just that tragic and just that simple.

Yes: More monetary and debt expansion can buy time and rising markets.

But those markets are measured in currencies which time has equally taught us lose their value with each passing second.

And the only ones paying for that time are you and I–with dollars, euros, yen and pesos whose purchasing power and inherent value are tanking faster than the credibility of the folks who brought us to this historical and debt-driven turning point.

Stated bluntly: The financial and political leadership of the last 20+ years has placed the global financial system into a debt corner for which there is no exit other than deliberate inflation (and hence currency debasement).

This foreseeable disaster, however, is now conveniently blamed on a current pandemic rather than a grotesque history of equally grotesque mismanagement by policy markets who have confused debt with prosperity and double-speak with accountability.

Wouldn’t it be nice if such economic topics were making at least as many headlines as the latest infection rates?

Meanwhile, the mainstream media pursues plays chess with context-empty headlines, bogus job data and ignored debt bombs as our economic Rome (and currencies) burns silently around us all.

Tyler Durden Sat, 10/16/2021 - 10:30

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Udemy IPO: EdTech Unicorn Filing Information for Investors

Paperwork for the Udemy IPO is now public. The online learning platform is going public on the Nasdaq under the ticker UDMY. Here’s the latest news…
The post Udemy IPO: EdTech Unicorn Filing Information for Investors appeared first on Investment U.



Paperwork for the Udemy IPO is now public for investors. The online learning platform is going public on the Nasdaq under the ticket UDMY. Let’s look at the details…

Udemy IPO: About the Business

Eren Bali, Oktay Caglar and Gagan Biyani founded Udemy in 2010. The three partnered together to achieve a common goal: make quality education accessible to all. The solution was to develop an online learning platform targeted at students and professionals.

Udemy is a massive open online course provider today. The platform has a two-sided marketplace where instructors develop content to meet learner demand. The learning experience combines videos, notes and assessment tests into a series of modules.

The San Francisco-based company has a client base of over 44 million learners in more than 180 countries. Udemy offers over 183,000 courses in 75 languages. Over 73 million users have registered on Udemy since its launch.

Courses are available directly to consumers. The company also offers UDemy Business as its B2B (business to business) learning solution. Organizations can use it to train and develop their employees. 42% of Fortune 100 companies use Udemy Business, according to the filing.

In response to the pandemic, industries have needed to acquire new skills. And ongoing changes in the workplace could make the Udemy IPO an interesting prospect.

Pandemic Accelerates Industries’ Need for New Skills

Changing technologies and new working methods have impacted jobs across the board and made it difficult for workers to keep up. Adapting to rapidly changing conditions is an ongoing challenge for workers across all industries. The roles and activities of workers will have to adapt to new conditions.

The revolution goes far beyond remote working, AI and the use of automated systems. Many people have found a new normal in the workplace. And leaders will need to reskill their workers to deliver new business models in a post-pandemic era.

In a 2021 Workplace Learning Trends Report, Udemy revealed that industries have increased demand for data analysis and data science training.

Data shows companies increased their data modeling training by 466% between 2019 and 2020. In addition, there was an increase of 1,488% in data warehouse training.

This represents a major focus on skills development and continued learning in business. However, the pandemic has affected Udemy in far more ways than just its business platform.

COVID-19 is Reshaping Education Long-Term

A 2020 Udemy report revealed that online education demand increased across all segments as a result of COVID-19. Here are some of the key findings…

  • 425% increase in enrollments for consumers
  • 55% increase in course creation by instructors
  • 80% increase in usage from businesses

Udemy’s prospectus states…

Before the COVID-19 pandemic, the majority of corporate training occurred offline, and we believe that online education is well placed to address the scalability and affordability limitations of offline education. With the increase of internet connectivity, technological advances and interactive tools at a low cost, we expect a massive shift from offline to online.

A 2020 report showed that course enrollments across the Udemy platform grew more than 425% after the first shelter-in-place order took effect. Online learning trends emerged due to the pandemic.

Some of these changes may give a preview of more permanent changes in the way we learn and work in the post-pandemic era. And these trends reflect in Udemy’s revenue and cash flow. Let’s review the company’s finances…

Udemy IPO Financial Data

Udemy highlights some key financial information for investors. The company’s profit and loss statement and balance sheet data are summarized as follows…

Revenue: The filing revealed an upswing in revenue. Udemy recorded $276.3 million in revenue for the 2019 fiscal year. In 2020, Udemy’s revenue rose 56% to $429.9 million for the year. Revenue is on track to keep increasing this year. For the six months ended June 2021, the company reported $250.6 million in revenue.

Net Income (Loss): Udemy has reported consistent net losses. For the 2019 fiscal year, the company recorded $69.7 million in net losses. Udemy’s net losses rose to $77.6 million in 2020. For the six months ended July 2021, the company reported $29.4 million net losses. Udemy’s net losses for the half-year ended June 2020 were already $42.5 million, so 2021 should hopefully see declining losses.

Cash: Udemy recorded a massive increase in cash flow in 2020. The company recorded $49.1 million in cash as of December 2019. By the end of 2020, cash skyrocketed to over $175 million. However, the company’s cash decreased to $163.2 million as of June 2021.

Total Assets and Total Liabilities: Udemy’s total assets and total liabilities have grown. The company recorded $117.3 million in total assets and $187.2 million in total liabilities as of December 2019. As of June 30, Udemy’s total assets rose to $286.7 million and total liabilities rose to $279.2 million.

In 2020, a $50 million Series F funding round valued the unicorn at over $3.2 billion, according to data from Crunchbase. So how much money can the Udemy IPO raise?

Filing Details for UDMY Stock

Udemy filed confidentially on May 26. The paperwork became public for investors on October 5. However, the company hasn’t set terms for the offering yet. Check out this step-by-step guide to going public to learn more about the initial public offering process.

The company hasn’t announced the number of shares it plans to offer or an expected pricing range for the IPO. Udemy will trade on the Nasdaq exchange under the ticker symbol UDMY.

While the exact terms of the offering are unknown, the company has set a placeholder deal size of $100 million. As a matter of fact, the company is rumored to be targeting an initial valuation of between $6 billion and $8 billion.

Morgan Stanley and JP Morgan will be the lead underwriters for the offering.

Online education companies have raised a lot of money from external investors to capitalize on new growth. The Udemy IPO follows Duolingo and Coursera’s successful launches this year.

As always, make sure to research before you invest. IPOs can be volatile for the first few months and share prices are constantly changing. Moreover, if IPO investing interests you, check out our top recent IPOs and our IPO calendar. We update the calendar daily to give you the latest news on upcoming and filed IPOs.

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The post Udemy IPO: EdTech Unicorn Filing Information for Investors appeared first on Investment U.

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