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A de-SPAC to Dodge

G Squared Equity Management L.P. is an investment adviser whose affiliates have sponsored two SPACs: G Squared Ascend I Inc. (NYSE:GSQD) and G Squared Ascend II Inc. (NYSE:GSQB). In dual IPOs last year, the blank-check companies raised $300,000,000 and $125,000,000, respectively, on the promise that their shared management team–which also manages G Squared Equity Management–would […]
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Arcadia Biosciences Rises on Wheat Hype

Just a month ago, Arcadia Biosciences, Inc. (NASDAQ:RKDA) was a penny stock in danger of delisting. But over the past three weeks, the stock has delivered a series of one-day gains as high as 31%. Today, it closed up 34% at $2.62 per share, its highest price since last July. What’s driving the rally? Maybe […]
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Someone Is Smoking INDO

News of a potential ban on Russian oil in the U.S. on Monday led to a rally in nearly every small-cap stock remotely related to oil. The darling of the bunch was Indonesia Energy Corporation Ltd. (NYSEAMERICAN: INDO), which is the latest battleground stock of self-styled retail apes. A month ago, it was hovering around $4.30 per share. Yesterday, it closed at $61.50. Here's why it won't cruise at that altitude for long.
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Mysterious Price Action in Shares of Datasea, Inc.

Last month around Valentine's Day, someone fell in love with Datasea, Inc. (NASDAQ:DTSS). The company's stock price, which had been declining since Jul. 2021, suddenly sprang to life on Feb. 10, 2022. Over the following 12 days, the price rose 81% to $2.64 per share.
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Vallon Pharmaceuticals Gets Ahead of Itself

Riddle us this: which stock’s price climbed 85% in the past month while every major market index was nosediving? You’re right if you answered Vallon Pharmaceuticals, Inc. (NASDAQ:VLON), which closed down 2% at $7.86 per share last Friday. The greater riddle, however, is what caused the stock’s remarkable run.

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Riddle us this: which stock’s price climbed 85% in the past month while every major market index was nosediving? You’re right if you answered Vallon Pharmaceuticals, Inc. (NASDAQ:VLON), which closed down 2% at $7.86 per share last Friday. The greater riddle, however, is what caused the stock’s remarkable run.

Continue reading Vallon Pharmaceuticals Gets Ahead of Itself
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How Warrants Work

A warrant gives its owner the right to order a company to issue a new share. In addition, it gives the owner the right to buy the newly issued share at a predetermined price. If the issuer has registered the underlying share with the SEC, the owner can immediately sell the newly issued share on the public market. Obviously, he’ll want to do so only if the market price is more than he paid for the share.

Continue reading How Warrants Work

A warrant gives its owner the right to order a company to issue a new share. In addition, it gives the owner the right to buy the newly issued share at a predetermined price. If the issuer has registered the underlying share with the SEC, the owner can immediately sell the newly issued share on the public market. Obviously, he’ll want to do so only if the market price is more than he paid for the share.

Continue reading How Warrants Work
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BIMI International Medical, Inc. Is in a Death Spiral

A stock priced at $1.73 per share doesn’t often make an attractive short sale. When it does, the price is usually headed toward zero. Such is the case, in our opinion, with shares of BIMI International Medical, Inc. (NASDAQ:BIMI). We believe the company has entered a classic death spiral.
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How Dilution Works

Dilution is commonly misunderstood by beginning and even intermediate investors. Yet it can have a major impact on the price of a small- or micro-cap stock. The phenomenon occurs when a company issues additional shares, which increases its total shares outstanding.

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Dilution is commonly misunderstood by beginning and even intermediate investors. Yet it can have a major impact on the price of a small- or micro-cap stock. The phenomenon occurs when a company issues additional shares, which increases its total shares outstanding.

Continue reading How Dilution Works