CNET = ChinaNet-Online Holdings, Inc. (Nasdaq:CNET) (“ChinaNet” or the “Company”), an integrated online advertising, precision marketing, and data analysis and management platform company, today announced the closing of the second half of a private placement with a select group of investors (the “Investors”) in accordance with the Securities Purchase Agreement, originally entered into by the Company and Investors on August 7, 2019. In connection with the closing, the Company issued 1,608,430 shares of common stock (the “Shares”) in consideration for approximately $2.4 million, representing half of the total $4.8 million worth of Shares to be disbursed under the aforementioned Securities Purchase Agreement. Pursuant to the Securities Purchase Agreement, the Company totally issued 3,216,860 shares of its common stock in consideration for approximately $4.8 million. The Company sold each Share to Investors at $1.4927 per Share and conducted the private placement pursuant to Section 4(2) of the Securities Act of 1933, as amended, and Regulation S promulgated thereunder.
SPOT = Spotify says adding twice as many subscribers as Apple, and more than Amazon. Spotify Technology (SPOT) said in today’s earnings release, “We continue to feel very good about our competitive position in the market. Relative to Apple (AAPL), the publicly available data shows that we are adding roughly twice as many subscribers per month as they are. Additionally, we believe that our monthly engagement is roughly 2x as high and our churn is at half the rate. Elsewhere, our estimates imply that we continue to add more users on an absolute basis than Amazon (AMZN). Our data also suggests that Amazon’s user base skews significantly more to ‘Ad-Supported’ than ‘Premium’, and that average engagement on our platform is approximately 3x.”
XNET = (XNET) Jan-20 7.5 calls.
EHTH = eHealth Q3 earnings beat, Medicare costs ‘misunderstood,’ says Raymond James. Raymond James analyst Gregory Peters maintained an Outperform rating and $90 price target on eHealth following the company’s Q3 earnings, which were better than consensus on both EPS and revenue, and reaffirmed FY19 guidance. However, the analyst noted that the stock is down ~8%, which he believes is because of “an increase in Medicare cost per approved member surpassing the constrained LTVs of Medicare policies.” Peters feels the reported costs “could be misunderstood by the Street given the increase is primarily related to customer care and enrollment and not variable marketing costs,” adding that he thinks the increase is “likely related to the company’s new call center.”
GRUB = Moving after Friday’s news that Burger King (QSR) restaurants are teaming up with Activision’s (ATVI) newest game, Call of Duty: Modern Warfare, as well as Grubhub (GRUB), to bring fans bonus in-game content and experiences. one Burger King restaurant in Los Angeles will transform into a real-life version of the Call of Duty Burger Town restaurant. Within the restaurant, guests will find a gaming hub set up by Activision for visitors to play the new Call of Duty: Modern Warfare game. Grubhub is promoting select Burger King restaurants on its app in 16 cities as “Burger Town presented by Burger King” restaurants. The rebranded “Burger Town” menu will include Call of Duty themed meals with the opportunity to get a code to unlock bonus in game content. The Burger Town menu will be available exclusively via Grubhub delivery. Guests nationwide can also order a Call of Duty themed meal from their local BK restaurant on Grubhub.
SFIO = Still moving after Friday’s news that Smokefree Innotec, Inc. (OTC Pink: SFIO) announced confirmation of upcoming acquisitions, new product lines of NEO Water that will be launching and steps to move forward with current reporting on OTC Markets. High pH alkaline bottled water brand NEO Water is now moving forward quickly with exciting new lines of flavored waters including a CBD infused line. NEO Water also plans to expand into the UK in the near future with the endorsements from a group of professional soccer players that own a consumer packaged goods distribution operation. “I believe that the new lines of NEO Water we will be rolling out will add significantly to our revenues,” stated Bernard Rubin, Chief Executive Officer. “Also, the previous announced rapid growth plan to grow to $100 million in revenues is making strides and we are in final stages of due diligence on 3 out of 11 potential target acquisitions that we have identified through talks and discussions with the respective parties. We anticipate closing the first of these potential acquisitions within 2-3 weeks.” Smokefree Innotec has started providing the initial information to OTC Markets needed to become current. In connection therewith, the company also plans to seek a name and symbol change by application to FINRA in order to better reflect the newly combined company’s new business model. Management expects that such milestones will be completed during the fourth quarter of this year.
RMHB = Moving after Friday’s news that Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, “I want to clear up some possible investor confusion that recently came to our attention on RMHB’s status to manufacture products for CBD Life for importing into Mexico and distributing throughout the country. Rocky Mountain High Brands has the exclusive manufacturing agreement for CBD Life’s beverages under its three-year Master Manufacturing Agreement. CBD Life has the unique position as the first and only company to be granted six permits for importing and distributing CBD-infused beverages by COFEPRIS (Mexico’s similar organization to the U.S. FDA) in Mexico. Rocky Mountain High Brands is named as the exclusive manufacturer of the beverages on the permits. CBD Life also holds other permits which allows them to import and distribute a wide range of other CBD products from other companies. RMHB has scheduled a 45,000 can sample run for early November of Rocket High, California Lemonade, and California Black Tea as the first part of the initial 2,000,000 can production for CBD Life. This schedule date is contingent upon our suppliers meeting their obligations to the Company. The production run will provide CBD Life with the beverage samples of each flavor requested. After receiving the sample beverages in Mexico, CBD Life will notify the Company of the quantities per SKU for the remainder of the 2,000,000 can production. An International Hispanic News Media Outlet has requested to be allowed to film the production run so that they can finish their news report on CBD Life and RMHB. The 2019 fourth quarter CBD Life revenue will be based on the quantity of beverages that the Company will be able to produce and deliver to CBD Life’s warehouse in Laredo, Texas between the date the Company receives the beverage forecast mix from CBD Life and December 31, 2019.