NEVER | Jotup

Although Short Selling Is Legal, Why Naked Short Selling is Illegal with Consequences

Retrieved on:

Thursday, May 18, 2023

Taste, PALM, Travel, COGS, Failure, Construction, GAAP, Confidentiality, PRIME, Laser, Risk, NEWS, News, NYSE, SARS, DTC, IDEAS Group, FNM, Research, Financial Crimes Enforcement Network, Naked short selling, AMC, BCA, Growth, Security (finance), Employment, NOT, SAR, Fair market value, COVID-19, Beyond Meat, AMTD Digital, GME, IP, HKD, AMTD, Gig, PLF, Depreciation, Adjustment, Regulation, DAO, Patriot Act, Seeking Alpha, Bank statement, Commission, Form 10-K, BYND, Sale, Phase 10, NEVER, ANY, Annual report, FTD, Video game, 3D printing, Audit

PALM BEACH, Fla., May 18, 2023 /PRNewswire/ -- While Short Selling a stock is legal in most markets Naked Short Selling is not. Short-Selling a stock is profitable if the stock in question drops in value. Traditional investing involves buying a stock and hoping to sell it later at a higher price. Short-Selling involves borrowing and selling a stock now and hoping to buy it back later at a lower price. Technically, Short-Selling involves first borrowing shares held by other investors. That party can then sell those shares. At a later date, the shares need to be repurchased by the Short-Seller, and then returned back to the original owner who lent them. A recent article in Seeking Alpha explained: "Naked short selling involves the short selling of shares that do not exist. It is illegal—the legal way to short sell is to first borrow the shares before selling and opening up a short position. Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist. In contrast, conventional short selling begins with an investor borrowing shares. Naked shorting is done without having first borrowed the shares, hence the 'naked' moniker. Naked short selling is not legal in the United States. A seller of a security is required to deliver shares of the security to a buyer promptly at settlement. Since naked shorting involves the selling of shares that do not exist, or have not been borrowed, a scenario is made possible where the seller fails to deliver the equity security to the buyer at settlement. Put simply, if shares are not available to 'cover' a short sale, the short position is said to be naked." Active companies in the markets this week include ShiftPixy, Inc. (NASDAQ: PIXY), AMTD Digital Inc. (NYSE: HKD), AMC Entertainment Holdings, Inc. (NYSE: AMC), GameStop Corp. (NYSE: GME), Beyond Meat, Inc. (NASDAQ: BYND).

Key Points:

A recent article in Seeking Alpha explained: "Naked short selling involves the short selling of shares that do not exist.
Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist.
Put simply, if shares are not available to 'cover' a short sale, the short position is said to be naked."
The article continued: "Naked short selling differs from normal short selling because naked shorting involves the selling of shares without having first borrowed the shares.

How to Protect Your Family from CO Poisoning and Other Post-Storm Dangers this Hurricane Season

Retrieved on:

Thursday, May 18, 2023

This hurricane season may bring widespread destruction that could impact millions of Americans," said CPSC Chair Alex Hoehn-Saric.

Key Points:

This hurricane season may bring widespread destruction that could impact millions of Americans," said CPSC Chair Alex Hoehn-Saric.
CO poisoning from portable generators can happen so quickly that exposed persons may become unconscious before recognizing the symptoms of nausea, dizziness or weakness.
Consumers should follow these safety tips to protect their families during hurricane season.
The Atlantic hurricane season typically lasts from the beginning of June to the end of November.

2023 Tunnel to Towers Foundation 5K Run and Walk NYC is Sunday, September 24th

Retrieved on:

Tuesday, May 16, 2023

Vesey Street, BBQ, GRAMMY, Twin, Brooklyn–Battery Tunnel, Firefighter, FDNY, NEVER, K, Shoe, NOW, Tower, Satellite navigation device, Tunnel

Staten Island, New York, May 16, 2023 (GLOBE NEWSWIRE) -- Get your running shoes and cowboy boots ready, five-time GRAMMY award-winning trio Lady A will be performing after the 22nd Annual Tunnel to Towers Foundation 5K Run and Walk NYC on Sunday, September 24th.

Key Points:

Staten Island, New York, May 16, 2023 (GLOBE NEWSWIRE) -- Get your running shoes and cowboy boots ready, five-time GRAMMY award-winning trio Lady A will be performing after the 22nd Annual Tunnel to Towers Foundation 5K Run and Walk NYC on Sunday, September 24th.
The Tunnel to Towers 5K Run and Walk began with 1,500 people in 2002 and is now considered to be one of the top 5K runs in America, with more than 35,000 people participating in 2022.
The route retraces FDNY Firefighter Stephen Siller’s final footsteps on 9/11 from the Brooklyn-Battery Tunnel to the Twin Towers.
Five-time GRAMMY award-winning trio Lady A is headlining the Tunnel to Towers 5K Run & Walk NYC post-run concert on Vesey Street.

UCASU Management Intends to Diversify Its Capital Market Strategy

Retrieved on:

Wednesday, May 10, 2023

IPO, PIPE, MBO, OTCQB, Research, SPO, NEVER, Acquisition, UC, Investment, Growth, NYSE, Security (finance), Cryptocurrency

ATLANTA, May 10, 2023 /PRNewswire/ -- UC Asset LP (OTCQB: UCASU) management announces that the general partner of the company, UCF Asset LLC, will consider a management buy-out (MBO) in the next 12 months.

Key Points:

ATLANTA, May 10, 2023 /PRNewswire/ -- UC Asset LP (OTCQB: UCASU) management announces that the general partner of the company, UCF Asset LLC, will consider a management buy-out (MBO) in the next 12 months.
Management asserts that the company will continue to pursue a secondary public offering (SPO) in combination with an uplisting to major exchanges, although that management also sees MBO as an option.
"However, given today's macro-economy and capital market situation, we have to diversify our capital market strategy to consider other options for the benefits of our investors."
Typically, MBO is a type of leveraged buyout, which is an acquisition of the company by its management team, funded primarily with borrowed capital.

UCASU Management Intends to Diversify Its Capital Market Strategy

Retrieved on:

Tuesday, May 9, 2023

IPO, PIPE, MBO, OTCQB, Research, SPO, NEVER, Acquisition, UC, Investment, Growth, NYSE, Cryptocurrency, Security (finance)

ATLANTA, May 9, 2023 /PRNewswire/ -- UC Asset LP (OTCQB: UCASU) management announces that the general partner of the company, UCF Asset LLC, will consider a management buy-out (MBO) in the next 12 months.

Key Points:

ATLANTA, May 9, 2023 /PRNewswire/ -- UC Asset LP (OTCQB: UCASU) management announces that the general partner of the company, UCF Asset LLC, will consider a management buy-out (MBO) in the next 12 months.
Management asserts that the company will continue to pursue a secondary public offering (SPO) in combination with an uplisting to major exchanges, although that management also sees MBO as an option.
"However, given today's macro-economy and capital market situation, we have to diversify our capital market strategy to consider other options for the benefits of our investors."
Typically, MBO is a type of leveraged buyout, which is an acquisition of the company by its management team, funded primarily with borrowed capital.

eCommerce Penetration of Direct-to-Consumer Marketplace Reaching into the Trillions in Revenues

Retrieved on:

Thursday, May 4, 2023

PALM BEACH, Fla., May 4, 2023 /PRNewswire/ -- The global e-commerce market has shown substantial growth in the past years and is projected to continue for the next several years. Grandview Research projected that the global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. It said: "Increasing penetration of the internet is bolstering the smartphone-using population across the world. Digital content, travel and leisure, financial services, and e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that is gaining momentum with increased internet usage. Hence, technological awareness among customers is expected to have a positive impact on market growth." Another industry report was also very optimistic. Skyquest projected that the Global E-Commerce Market is poised to grow from USD 26673.64 billion in 2022 to USD 62415.2 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030). It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods. E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company. Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from." Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a. Brands Holding Corp. (NYSE: AKA), Warby Parker Inc. (NYSE: WRBY), Allbirds, Inc. (NASDAQ: BIRD).

Key Points:

It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods.
E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company.
Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from."
Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a.

eCommerce Penetration of Direct-to-Consumer Marketplace Reaching into the Trillions in Revenues

Retrieved on:

Thursday, May 4, 2023

PALM BEACH, Fla., May 4, 2023 /PRNewswire/ -- The global e-commerce market has shown substantial growth in the past years and is projected to continue for the next several years. Grandview Research projected that the global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. It said: "Increasing penetration of the internet is bolstering the smartphone-using population across the world. Digital content, travel and leisure, financial services, and e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that is gaining momentum with increased internet usage. Hence, technological awareness among customers is expected to have a positive impact on market growth." Another industry report was also very optimistic. Skyquest projected that the Global E-Commerce Market is poised to grow from USD 26673.64 billion in 2022 to USD 62415.2 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030). It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods. E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company. Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from." Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a. Brands Holding Corp. (NYSE: AKA), Warby Parker Inc. (NYSE: WRBY), Allbirds, Inc. (NASDAQ: BIRD).

Key Points:

It added: "The E-commerce market is growing mainly due to the factors such as rising penetration of smartphones and internet, increasing use of social media for promoting E-commerce sites and the introduction of new payment methods.
E-commerce helps firm conduct business without the need for physical infrastructure thereby reducing the capital requirements of the company.
Online e-commerce portal provides the consumers with a hassle-free shopping experience while including a wide variety of items to choose from."
Active companies in the markets this week include: Digital Brands Group, Inc. (NASDAQ: DBGI), Solo Brands, Inc (NYSE: DTC), a.k.a.

Lithium Mining Revenues Increasing as Lithium-Ion Batteries Demand Projected To Continue To Grow

Retrieved on:

Tuesday, May 2, 2023

PALM BEACH, Fla., May 2, 2023 /PRNewswire/ -- Lithium-ion batteries are currently the dominant technology for energy storage and the market is projected to continue to grow over the next several years. A report from Fact.MR said that Some of the current trends in the lithium mining market include: "With the growing demand for lithium, there is increasing investment in expanding production capacity. This includes investment in new mines, as well as the expansion of existing mines. Some companies are pursuing vertical integration strategies, where they control the entire supply chain from mining to battery production. This can help to ensure a secure supply of high-quality lithium and reduce supply chain risks. As technology improves, the efficiency of lithium mining is expected to increase, leading to lower costs and higher yields. There is also research being done into new methods of lithium extraction, such as using geothermal brines or extracting lithium from seawater. With the increasing use of lithium-ion batteries, there is also a growing need for battery recycling. Some companies are investing in recycling technologies that can recover lithium and other valuable metals from spent batteries. With growing concerns about the environmental impact of lithium mining, some companies are adopting more sustainable practices, such as using renewable energy to power their operations and minimizing water usage." Active mining companies in the markets this week include: Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Tesla, Inc. (NASDAQ: TSLA), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSX-V: ETL), Patriot Battery Metals Inc. (OTCQX: PMETF) (TSX-V: PMET).

Key Points:

A report from Fact.MR said that Some of the current trends in the lithium mining market include: "With the growing demand for lithium, there is increasing investment in expanding production capacity.
As technology improves, the efficiency of lithium mining is expected to increase, leading to lower costs and higher yields.
Some companies are investing in recycling technologies that can recover lithium and other valuable metals from spent batteries.
Fact.MR concluded: "The lithium mining market is relatively concentrated, with a few major players dominating the industry.

Lithium Mining Revenues Increasing as Lithium-Ion Batteries Demand Projected To Continue To Grow

Retrieved on:

Tuesday, May 2, 2023

PALM BEACH, Fla., May 2, 2023 /PRNewswire/ -- Lithium-ion batteries are currently the dominant technology for energy storage and the market is projected to continue to grow over the next several years. A report from Fact.MR said that Some of the current trends in the lithium mining market include: "With the growing demand for lithium, there is increasing investment in expanding production capacity. This includes investment in new mines, as well as the expansion of existing mines. Some companies are pursuing vertical integration strategies, where they control the entire supply chain from mining to battery production. This can help to ensure a secure supply of high-quality lithium and reduce supply chain risks. As technology improves, the efficiency of lithium mining is expected to increase, leading to lower costs and higher yields. There is also research being done into new methods of lithium extraction, such as using geothermal brines or extracting lithium from seawater. With the increasing use of lithium-ion batteries, there is also a growing need for battery recycling. Some companies are investing in recycling technologies that can recover lithium and other valuable metals from spent batteries. With growing concerns about the environmental impact of lithium mining, some companies are adopting more sustainable practices, such as using renewable energy to power their operations and minimizing water usage." Active mining companies in the markets this week include: Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Tesla, Inc. (NASDAQ: TSLA), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSX-V: ETL), Patriot Battery Metals Inc. (OTCQX: PMETF) (TSX-V: PMET).

Key Points:

A report from Fact.MR said that Some of the current trends in the lithium mining market include: "With the growing demand for lithium, there is increasing investment in expanding production capacity.
As technology improves, the efficiency of lithium mining is expected to increase, leading to lower costs and higher yields.
Some companies are investing in recycling technologies that can recover lithium and other valuable metals from spent batteries.
Fact.MR concluded: "The lithium mining market is relatively concentrated, with a few major players dominating the industry.

Lithium Gold Rush Continues as Demand Skyrockets for Electric Vehicles and Renewable Energy

Retrieved on:

Monday, April 24, 2023

PALM BEACH, Fla., April 24, 2023 /PRNewswire/ -- North America needs to race to find new supplies and production of lithium as automakers ramp up manufacturing of electric vehicles and demand grows for renewable energy options. Lithium is used in electric car batteries because it is lightweight, can store lots of energy and can be repeatedly recharged. Analysts estimate that lithium demand is going to increase tenfold before the end of this decade as big manufacturers such as Tesla, Volkswagen, General Motors and other automakers introduce dozens of electric models. Other ingredients like cobalt are needed to keep the battery stable. Most of the raw lithium used domestically comes from Latin America or Australia, and most of it is processed and turned into battery cells in China and other Asian countries. Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said recently, as more people opt for electric vehicles and energy storage systems. Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55 billion per year by the end of the decade, but still the country is expected to depend on imports for supply, the report added. Active mining companies in the markets this week include: Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), LithiumBank Resources Corp. (OTCQX: LBNKF) (TSX-V: LBNK), Atlas Lithium Corporation (NASDAQ: ATLX), Allied Copper Corp. (OTCQB: CPRRF) (TSX-V: CPR), Brunswick Exploration Inc. (OTCQB: BRXWF) (TSX-V: BRW).

Key Points:

PALM BEACH, Fla., April 24, 2023 /PRNewswire/ -- North America needs to race to find new supplies and production of lithium as automakers ramp up manufacturing of electric vehicles and demand grows for renewable energy options.
Lithium is used in electric car batteries because it is lightweight, can store lots of energy and can be repeatedly recharged.
Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said recently, as more people opt for electric vehicles and energy storage systems.
The article continued: "Demand for EVs has soared over the past few years, as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices.