Access Equity Research

News

Virtual & In-person Roadshows / Conferences

Channelchek Premium. Access more at no cost. 

The site "channelcheck" is opened on the phone

Join the Channelchek Investor Community. Your name, email, zip, and investor type is all it takes to open the door to research reports, favorites tracking, and virtual and in-person roadshows / conferences. Even exclusive investment opps.

Take it to the next level. It doesn’t cost a penny.

Click “Log In” to agree to Channelchek.com <a href="#">Terms of Use</a> and acknowledge that Channelchek.com <a href="#">Privacy Policy</a> applies to you.

Welcome to the Channelchek Investor Community

Informed investors make more money. And it’s all about timing. Get it when it happens.

Inbox Intel from Channelchek.

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, June 09, 2023



Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Family.&nbsp;The saga between Lifeway CEO Julie Smolyansky and her brother, Edward, and mother, Ludmila, continues, with each side claiming the other breached the Proxy settlement reached last July. While the legal battle continues to unfold, the most recent Court decisions determined, "... no basis in law or fact that remains as to the invalidity of Mr. Smolyansky’s nomination of an alternate slate of directors and such nomination is void ab initio and is not a valid solicitation," according to the Company.



The Twist.&nbsp;In a twist, David Kanen of Kanen Wealth Management issued a letter sent to Julie Smolyansky and the Board of Directors. According to the letter, Mr. Kanen owns approximately 4.1% of the outstanding LWAY shares and intends to vote his shares in support of the recent slate nominated by Edward and Ludmila Smolyansky.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25907">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

<figure class="wp-block-image"><img decoding="async" src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, June 09, 2023



Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Family.&nbsp;The saga between Lifeway CEO Julie Smolyansky and her brother, Edward, and mother, Ludmila, continues, with each side claiming the other breached the Proxy settlement reached last July. While the legal battle continues to unfold, the most recent Court decisions determined, &#8220;&#8230; no basis in law or fact that remains as to the invalidity of Mr. Smolyansky’s nomination of an alternate slate of directors and such nomination is void ab initio and is not a valid solicitation,&#8221; according to the Company.



The Twist.&nbsp;In a twist, David Kanen of Kanen Wealth Management issued a letter sent to Julie Smolyansky and the Board of Directors. According to the letter, Mr. Kanen owns approximately 4.1% of the outstanding LWAY shares and intends to vote his shares in support of the recent slate nominated by Edward and Ludmila Smolyansky.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25907">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, June 09, 2023



Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Family.&nbsp;The saga between Lifeway CEO Julie Smolyansky and her brother, Edward, and mother, Ludmila, continues, with each side claiming the other breached the Proxy settlement reached last July. While the legal battle continues to unfold, the most recent Court decisions determined, &#8220;&#8230; no basis in law or fact that remains as to the invalidity of Mr. Smolyansky’s nomination of an alternate slate of directors and such nomination is void ab initio and is not a valid solicitation,&#8221; according to the Company.



The Twist.&nbsp;In a twist, David Kanen of Kanen Wealth Management issued a letter sent to Julie Smolyansky and the Board of Directors. According to the letter, Mr. Kanen owns approximately 4.1% of the outstanding LWAY shares and intends to vote his shares in support of the recent slate nominated by Edward and Ludmila Smolyansky.



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Lifeway Foods (LWAY) - Family Drama Part Two; With A Twist

Consumer

Lifeway Foods

LWAY

Packaged Foods

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, June 09, 2023



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Location, location, location.&nbsp;Eskay Mining is focused on the exploration and development of precious metal volcanogenic massive sulfide (VMS) targets along the Eskay rift in a region of northwest British Columbia known as the Golden Triangle. The company’s Eskay precious metal rich VMS project encompasses 52,600 hectares, or 26 square kilometers, of highly prospective property within proximity to several world class gold deposits, including the adjacent past-producing Eskay Creek Mine, a high-grade gold-silver rich VMS deposit considered among the world’s most precious metal-rich volcanogenic massive sulfide deposits.&nbsp;



2023 drill program.&nbsp;The 2023 drill program will focus on newly identified geophysical targets at Maroon Cliffs and Hexagon Mercury, along with additional work at Tarn Lake, TV and Cumberland. In total, we expect the program will entail roughly 6,000 to 7,000 meters of drilling.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25908">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

<figure class="wp-block-image"><img decoding="async" src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, June 09, 2023



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Location, location, location.&nbsp;Eskay Mining is focused on the exploration and development of precious metal volcanogenic massive sulfide (VMS) targets along the Eskay rift in a region of northwest British Columbia known as the Golden Triangle. The company’s Eskay precious metal rich VMS project encompasses 52,600 hectares, or 26 square kilometers, of highly prospective property within proximity to several world class gold deposits, including the adjacent past-producing Eskay Creek Mine, a high-grade gold-silver rich VMS deposit considered among the world’s most precious metal-rich volcanogenic massive sulfide deposits.&nbsp;



2023 drill program.&nbsp;The 2023 drill program will focus on newly identified geophysical targets at Maroon Cliffs and Hexagon Mercury, along with additional work at Tarn Lake, TV and Cumberland. In total, we expect the program will entail roughly 6,000 to 7,000 meters of drilling.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25908">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, June 09, 2023



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Location, location, location.&nbsp;Eskay Mining is focused on the exploration and development of precious metal volcanogenic massive sulfide (VMS) targets along the Eskay rift in a region of northwest British Columbia known as the Golden Triangle. The company’s Eskay precious metal rich VMS project encompasses 52,600 hectares, or 26 square kilometers, of highly prospective property within proximity to several world class gold deposits, including the adjacent past-producing Eskay Creek Mine, a high-grade gold-silver rich VMS deposit considered among the world’s most precious metal-rich volcanogenic massive sulfide deposits.&nbsp;



2023 drill program.&nbsp;The 2023 drill program will focus on newly identified geophysical targets at Maroon Cliffs and Hexagon Mercury, along with additional work at Tarn Lake, TV and Cumberland. In total, we expect the program will entail roughly 6,000 to 7,000 meters of drilling.



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Eskay Mining Corp. (ESKYF) - Thoughts on the 2023 Drilling Program

Eskay Mining Corp.

ESKYF

Industrial Metals &amp; Mining

Natural Resources

<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/fau-rankings-article2.jpg" alt="" class="wp-image-64953"/></figure>







On the heels of the announcement that NobleCon19, Noble Capital Markets 19th&nbsp;Annual Emerging Growth Equity Conference, will be held at FAU, and the achievement of the Owls basketball team making it to the&nbsp;<a href="https://www.youtube.com/watch?v=_vgqBT1K57I">Final Four</a>, Florida Atlantic University College of Business’&nbsp;<a href="https://business.fau.edu/executive-education/professional-development/">Executive Education program</a>&nbsp;earned a prestigious global endorsement in the&nbsp;<a href="https://rankings.ft.com/rankings/2944/executive-education-open-2023">2023&nbsp;Financial Times&nbsp;rankings</a>&nbsp;for open enrollment professional education programs.



FAU ranked No. 2 in the United States and was the only university in Florida and one of only seven in the U.S. to be honored. The rankings are considered the gold standard for executive education coursework across the globe.



“It’s clear that we are making a difference in the professional advancement of all our students,” said&nbsp;<a href="https://business.fau.edu/faculty-research/faculty-profiles/profile/dgropper.php">Daniel Gropper</a>, Ph.D., dean of FAU’s College of Business. “I am very proud of our students, faculty and staff for making this possible.”



FAU also ranked No. 1 in the U.S. and No. 4 in the world for female participation and No. 17 globally for overall satisfaction.&nbsp;Financial Times&nbsp;establishes the rankings using student feedback, course design, faculty, teaching methods and facilities.



FAU’s high-quality offerings include the most diversified selection of more than 60 national and international certification and professional development programs, said&nbsp;<a href="https://business.fau.edu/faculty-research/faculty-profiles/profile/vwiik.php">Vegar Wiik</a>, executive director of&nbsp;<a href="https://business.fau.edu/executive-education/">FAU Executive Education</a>. He added that a new state-of-the-art building, the Schmidt Family Complex for Academic and Athletic Excellence, is equipped with the latest technology that allows FAU to offer top-notch programs and corporate training. “We are thrilled that this December the facility will transform into NobleCon19, with 100+ public company executive teams and the large audience expected to learn more about them,” Wiik said. “And with the early announcement that the 43rd&nbsp;President of the United States, George W. Bush will headline, the excitement continues to build.”



In addition to hosting NobleCon19, FAU’s Edu-Vantage Partner Program, which works with businesses, corporations and organizations to provide a high-quality educational strategy for fulfilling their employee education packages, established partnerships with JM Family Enterprises and NextEra Energy, parent company of Florida Power &amp; Light, to offer full-time associates full tuition for both undergraduate and graduate degrees and certifications.



NobleCon19 is scheduled for December 3-5, 2023, at FAU College of Business, Executive Education in Boca Raton, Florida. Although institutional investors, licensed brokers and accredited investors will be in attendance, NobleCon19 is open to all individuals and organizations interested in learning more about these companies.  



To receive NobleCon agenda updates and registration opportunities, join <a href="https://www.channelchek.com/registration" target="_blank" rel="noreferrer noopener">Channelchek.com</a>, Companies with market capitalization of $3 billion or less wishing to learn more about presenting at NobleCon19 can <a href="https://noblecon19.com/presenter-request/" target="_blank" rel="noreferrer noopener">Inquire Here</a>.



About Noble Capital Markets



Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed emerging growth companies through investment banking, wealth management, trading &amp; execution, and equity research activities. Over the past 39 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports. For more information, visit <a href="http://www.noblecapitalmarkets.com" target="_blank" rel="noreferrer noopener">www.noblecapitalmarkets.com</a> or email contact@noblecapitalmarkets.com.



About Florida Atlantic University Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 30,000 undergraduate and graduate students across six campuses located along the southeast Florida coast. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. Through the coexistence of access and excellence, FAU embodies an innovative model where traditional achievement gaps vanish. FAU is designated a Hispanic-serving institution, ranked as a top public university by U.S. News &amp; World Report and a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. For more information, visit <a href="http://www.fau.edu" target="_blank" rel="noreferrer noopener">www.fau.edu</a>.

<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="391" height="260" src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/fau-rankings-article2.jpg" alt="" class="wp-image-64953" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/06/fau-rankings-article2.jpg 391w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/fau-rankings-article2-300x199.jpg 300w" sizes="(max-width: 391px) 100vw, 391px" /></figure></div>






On the heels of the announcement that NobleCon19, Noble Capital Markets 19th&nbsp;Annual Emerging Growth Equity Conference, will be held at FAU, and the achievement of the Owls basketball team making it to the&nbsp;<a href="https://www.youtube.com/watch?v=_vgqBT1K57I">Final Four</a>, Florida Atlantic University College of Business’&nbsp;<a href="https://business.fau.edu/executive-education/professional-development/">Executive Education program</a>&nbsp;earned a prestigious global endorsement in the&nbsp;<a href="https://rankings.ft.com/rankings/2944/executive-education-open-2023">2023&nbsp;Financial Times&nbsp;rankings</a>&nbsp;for open enrollment professional education programs.



FAU ranked No. 2 in the United States and was the only university in Florida and one of only seven in the U.S. to be honored. The rankings are considered the gold standard for executive education coursework across the globe.



“It’s clear that we are making a difference in the professional advancement of all our students,” said&nbsp;<a href="https://business.fau.edu/faculty-research/faculty-profiles/profile/dgropper.php">Daniel Gropper</a>, Ph.D., dean of FAU’s College of Business. “I am very proud of our students, faculty and staff for making this possible.”



FAU also ranked No. 1 in the U.S. and No. 4 in the world for female participation and No. 17 globally for overall satisfaction.&nbsp;Financial Times&nbsp;establishes the rankings using student feedback, course design, faculty, teaching methods and facilities.



FAU’s high-quality offerings include the most diversified selection of more than 60 national and international certification and professional development programs, said&nbsp;<a href="https://business.fau.edu/faculty-research/faculty-profiles/profile/vwiik.php">Vegar Wiik</a>, executive director of&nbsp;<a href="https://business.fau.edu/executive-education/">FAU Executive Education</a>. He added that a new state-of-the-art building, the Schmidt Family Complex for Academic and Athletic Excellence, is equipped with the latest technology that allows FAU to offer top-notch programs and corporate training. “We are thrilled that this December the facility will transform into NobleCon19, with 100+ public company executive teams and the large audience expected to learn more about them,” Wiik said. “And with the early announcement that the 43rd&nbsp;President of the United States, George W. Bush will headline, the excitement continues to build.”



In addition to hosting NobleCon19, FAU’s Edu-Vantage Partner Program, which works with businesses, corporations and organizations to provide a high-quality educational strategy for fulfilling their employee education packages, established partnerships with JM Family Enterprises and NextEra Energy, parent company of Florida Power &amp; Light, to offer full-time associates full tuition for both undergraduate and graduate degrees and certifications.



NobleCon19 is scheduled for December 3-5, 2023, at FAU College of Business, Executive Education in Boca Raton, Florida. Although institutional investors, licensed brokers and accredited investors will be in attendance, NobleCon19 is open to all individuals and organizations interested in learning more about these companies.  



To receive NobleCon agenda updates and registration opportunities, join <a href="https://www.channelchek.com/registration" target="_blank" rel="noreferrer noopener">Channelchek.com</a>, Companies with market capitalization of $3 billion or less wishing to learn more about presenting at NobleCon19 can <a href="https://noblecon19.com/presenter-request/" target="_blank" rel="noreferrer noopener">Inquire Here</a>.



About Noble Capital Markets



Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed emerging growth companies through investment banking, wealth management, trading &amp; execution, and equity research activities. Over the past 39 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports. For more information, visit <a href="http://www.noblecapitalmarkets.com" target="_blank" rel="noreferrer noopener">www.noblecapitalmarkets.com</a> or email contact@noblecapitalmarkets.com.



About Florida Atlantic University Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 30,000 undergraduate and graduate students across six campuses located along the southeast Florida coast. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. Through the coexistence of access and excellence, FAU embodies an innovative model where traditional achievement gaps vanish. FAU is designated a Hispanic-serving institution, ranked as a top public university by U.S. News &amp; World Report and a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. For more information, visit <a href="http://www.fau.edu" target="_blank" rel="noreferrer noopener">www.fau.edu</a>.

On the heels of the announcement that NobleCon19, Noble Capital Markets 19th&nbsp;Annual Emerging Growth Equity Conference, will be held at FAU, and the achievement of the Owls basketball team making it to the&nbsp;Final Four, Florida Atlantic University College of Business’&nbsp;Executive Education program&nbsp;earned a prestigious global endorsement in the&nbsp;2023&nbsp;Financial Times&nbsp;rankings&nbsp;for open enrollment professional education programs.



FAU ranked No. 2 in the United States and was the only university in Florida and one of only seven in the U.S. to be honored. The rankings are considered the gold standard for executive education coursework across the globe.



“It’s clear that we are making a difference in the professional advancement of all our students,” said&nbsp;Daniel Gropper, Ph.D., dean of FAU’s College of Business. “I am very proud of our students, faculty and staff for making this possible.”



FAU also ranked No. 1 in the U.S. and No. 4 in the world for female participation and No. 17 globally for overall satisfaction.&nbsp;Financial Times&nbsp;establishes the rankings using student feedback, course design, faculty, teaching methods and facilities.



FAU’s high-quality offerings include the most diversified selection of more than 60 national and international certification and professional development programs, said&nbsp;Vegar Wiik, executive director of&nbsp;FAU Executive Education. He added that a new state-of-the-art building, the Schmidt Family Complex for Academic and Athletic Excellence, is equipped with the latest technology that allows FAU to offer top-notch programs and corporate training. “We are thrilled that this December the facility will transform into NobleCon19, with 100+ public company executive teams and the large audience expected to learn more about them,” Wiik said. “And with the early announcement that the 43rd&nbsp;President of the United States, George W. Bush will headline, the excitement continues to build.”



In addition to hosting NobleCon19, FAU’s Edu-Vantage Partner Program, which works with businesses, corporations and organizations to provide a high-quality educational strategy for fulfilling their employee education packages, established partnerships with JM Family Enterprises and NextEra Energy, parent company of Florida Power &amp; Light, to offer full-time associates full tuition for both undergraduate and graduate degrees and certifications.



NobleCon19 is scheduled for December 3-5, 2023, at FAU College of Business, Executive Education in Boca Raton, Florida. Although institutional investors, licensed brokers and accredited investors will be in attendance, NobleCon19 is open to all individuals and organizations interested in learning more about these companies.  



To receive NobleCon agenda updates and registration opportunities, join Channelchek.com, Companies with market capitalization of $3 billion or less wishing to learn more about presenting at NobleCon19 can Inquire Here.



About Noble Capital Markets



Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed emerging growth companies through investment banking, wealth management, trading &amp; execution, and equity research activities. Over the past 39 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports. For more information, visit www.noblecapitalmarkets.com or email contact@noblecapitalmarkets.com.



About Florida Atlantic University Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 30,000 undergraduate and graduate students across six campuses located along the southeast Florida coast. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. Through the coexistence of access and excellence, FAU embodies an innovative model where traditional achievement gaps vanish. FAU is designated a Hispanic-serving institution, ranked as a top public university by U.S. News &amp; World Report and a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. For more information, visit www.fau.edu.

FAU, Home of NobleCon19, Hits New Highs

Florida Atlantic University

NobleCon19

<figure class="wp-block-image aligncenter size-full is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo.png" alt="" class="wp-image-59111" width="195" height="196"/></figure>



<a href="http://www.channelchek.com/company/cmtl">Research News and Market Data on CMTL </a>



COMTECH -&nbsp;JUN 8, 2023&nbsp;|&nbsp;2&nbsp;MIN READ



Q3 Consolidated Net Sales Up 1.9% sequentially to $136.3 Million



Cash Flows Provided by Operating Activities for the Quarter was $16.6 Million



MELVILLE, N.Y. – June 8, 2023–Comtech (NASDAQ: CMTL) today announced its third quarter fiscal 2023 financial results and updated its fourth quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.



Investors are invited to access the&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.comtech.com%2Finvestors%2F&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=third+quarter+fiscal+2023&amp;index=1&amp;md5=179fc1438e2f0bb75412e62aa554c3d2">third quarter fiscal 2023</a>&nbsp;shareholder letter at its web site at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcomtech.com%2Finvestors%2F&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=comtech.com%2Finvestors%2F&amp;index=2&amp;md5=93e3b286e72367b036824c0dfd8a65bf">comtech.com/investors/</a>. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.



Comtech also intends to host a previously scheduled earnings conference call at 5:00PM ET today. Individuals can access the conference call by dialing (800) 267-6316 (domestic) or (203) 518-9783 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for two weeks by dialing (800) 839-2417 or (402) 220-7209. A live webcast of the call is also available at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcomtech.com%2Finvestors%2F&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=comtech.com%2Finvestors%2F&amp;index=3&amp;md5=ac0b3bafccdb23e2188b8cd66d182e88">comtech.com/investors/</a>.



About Comtech



Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.comtech.com&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=www.comtech.com&amp;index=4&amp;md5=68f0c7933e03dae4b659c07996091a12">www.comtech.com</a>.



Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward- looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.



PCMTL



View source version on businesswire.com:&nbsp;<a href="https://www.businesswire.com/news/home/20230608005705/en/">https://www.businesswire.com/news/home/20230608005705/en/</a>



Investor Relations Robert Samuels <a href="mailto:investors@comtech.com">investors@comtech.com</a>

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo.png" alt="" class="wp-image-59111" width="195" height="196" srcset="https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo.png 385w, https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo-300x300.png 300w, https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo-150x150.png 150w" sizes="(max-width: 195px) 100vw, 195px" /></figure></div>


<a href="http://www.channelchek.com/company/cmtl">Research News and Market Data on CMTL </a>



COMTECH &#8211;&nbsp;JUN 8, 2023&nbsp;|&nbsp;2&nbsp;MIN READ



Q3 Consolidated Net Sales Up 1.9% sequentially to $136.3 Million



Cash Flows Provided by Operating Activities for the Quarter was $16.6 Million



MELVILLE, N.Y. – June 8, 2023–Comtech (NASDAQ: CMTL) today announced its third quarter fiscal 2023 financial results and updated its fourth quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.



Investors are invited to access the&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.comtech.com%2Finvestors%2F&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=third+quarter+fiscal+2023&amp;index=1&amp;md5=179fc1438e2f0bb75412e62aa554c3d2">third quarter fiscal 2023</a>&nbsp;shareholder letter at its web site at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcomtech.com%2Finvestors%2F&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=comtech.com%2Finvestors%2F&amp;index=2&amp;md5=93e3b286e72367b036824c0dfd8a65bf">comtech.com/investors/</a>. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.



Comtech also intends to host a previously scheduled earnings conference call at 5:00PM ET today. Individuals can access the conference call by dialing (800) 267-6316 (domestic) or (203) 518-9783 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for two weeks by dialing (800) 839-2417 or (402) 220-7209. A live webcast of the call is also available at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcomtech.com%2Finvestors%2F&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=comtech.com%2Finvestors%2F&amp;index=3&amp;md5=ac0b3bafccdb23e2188b8cd66d182e88">comtech.com/investors/</a>.



About Comtech



Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.comtech.com&amp;esheet=53417493&amp;newsitemid=20230608005705&amp;lan=en-US&amp;anchor=www.comtech.com&amp;index=4&amp;md5=68f0c7933e03dae4b659c07996091a12">www.comtech.com</a>.



Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward- looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.



PCMTL



View source version on businesswire.com:&nbsp;<a href="https://www.businesswire.com/news/home/20230608005705/en/">https://www.businesswire.com/news/home/20230608005705/en/</a>



Investor Relations Robert Samuels <a href="mailto:investors@comtech.com">investors@comtech.com</a>

Research News and Market Data on CMTL 



COMTECH &#8211;&nbsp;JUN 8, 2023&nbsp;|&nbsp;2&nbsp;MIN READ



Q3 Consolidated Net Sales Up 1.9% sequentially to $136.3 Million



Cash Flows Provided by Operating Activities for the Quarter was $16.6 Million



MELVILLE, N.Y. –June 8, 2023–Comtech (NASDAQ: CMTL) today announced its third quarter fiscal 2023 financial results and updated its fourth quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.



Investors are invited to access the&nbsp;third quarter fiscal 2023&nbsp;shareholder letter at its web site at&nbsp;comtech.com/investors/. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.



Comtech also intends to host a previously scheduled earnings conference call at 5:00PM ET today. Individuals can access the conference call by dialing (800) 267-6316 (domestic) or (203) 518-9783 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for two weeks by dialing (800) 839-2417 or (402) 220-7209. A live webcast of the call is also available at&nbsp;comtech.com/investors/.



About Comtech



Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit&nbsp;www.comtech.com.



Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward- looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.



PCMTL



View source version on businesswire.com:&nbsp;https://www.businesswire.com/news/home/20230608005705/en/



Investor RelationsRobert Samuelsinvestors@comtech.com

Release - Comtech Announces Results for its Third Quarter of Fiscal 2023 and Updates Fourth Quarter Fiscal 2023 Financial Targets

CMTL

Comtech Telecommunications

Comtech Telecommunications Corp.

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Thursday, June 08, 2023



Baudax Bio is a pharmaceutical company focused on innovative products for acute care settings. ANJESO is the first and only 24-hour, intravenous (IV) COX-2 preferential non-steroidal anti-inflammatory (NSAID) for the management of moderate to severe pain. In addition to ANJESO, Baudax Bio has a pipeline of other innovative pharmaceutical assets including two novel neuromuscular blocking agents (NMBs) and a proprietary chemical reversal agent specific to these NMBs. For more information, please visit www.baudaxbio.com.



Gregory Aurand, Senior Vice President, Equity Research Analyst, Healthcare Services &amp; Medical Devices, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Deeper dive into the results.&nbsp;&nbsp;The electomyography (EMG) detailed analysis confirmed the earlier top-line data released showing the highest dose of BX1000 was comparable to rocuronium (current standard). There was a clear dose response for BX1000 on maximum T1 suppression, with comparable results for the 1.5x ED95&nbsp;&nbsp;dose of BX1000 and the 2x&nbsp;ED95&nbsp;dose of rocuronium, strongly suggesting lower BX1000 dosing needed.



What is T1 suppression?&nbsp;&nbsp;Train of Four (TOF) testing is a method of peripheral nerve stimulation, using electrodes placed along the nerve pathway. An electrical impulse will cause a contraction (twitch). With increased NMB dosing, the twitch response fades, with the fourth (T4) response lost first, then T3, then T2, and finally the first (T1). The number of twitches observed indicates the NMB level achieved, determining the minimum amount needed to achieve the desired effect, while reducing the likelihood of over-paralysis and prolonged muscle weakness. A T1 level of suppression (or one twitch) represents approximately 90% block, a level suitable for short term procedures including intubation.&nbsp;



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25906">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

<figure class="wp-block-image"><img decoding="async" src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Thursday, June 08, 2023



Baudax Bio is a pharmaceutical company focused on innovative products for acute care settings. ANJESO is the first and only 24-hour, intravenous (IV) COX-2 preferential non-steroidal anti-inflammatory (NSAID) for the management of moderate to severe pain. In addition to ANJESO, Baudax Bio has a pipeline of other innovative pharmaceutical assets including two novel neuromuscular blocking agents (NMBs) and a proprietary chemical reversal agent specific to these NMBs. For more information, please visit www.baudaxbio.com.



Gregory Aurand, Senior Vice President, Equity Research Analyst, Healthcare Services &amp; Medical Devices, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Deeper dive into the results.&nbsp;&nbsp;The electomyography (EMG) detailed analysis confirmed the earlier top-line data released showing the highest dose of BX1000 was comparable to rocuronium (current standard). There was a clear dose response for BX1000 on maximum T1 suppression, with comparable results for the 1.5x ED95&nbsp;&nbsp;dose of BX1000 and the 2x&nbsp;ED95&nbsp;dose of rocuronium, strongly suggesting lower BX1000 dosing needed.



What is T1 suppression?&nbsp;&nbsp;Train of Four (TOF) testing is a method of peripheral nerve stimulation, using electrodes placed along the nerve pathway. An electrical impulse will cause a contraction (twitch). With increased NMB dosing, the twitch response fades, with the fourth (T4) response lost first, then T3, then T2, and finally the first (T1). The number of twitches observed indicates the NMB level achieved, determining the minimum amount needed to achieve the desired effect, while reducing the likelihood of over-paralysis and prolonged muscle weakness. A T1 level of suppression (or one twitch) represents approximately 90% block, a level suitable for short term procedures including intubation.&nbsp;



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25906">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Thursday, June 08, 2023



Baudax Bio is a pharmaceutical company focused on innovative products for acute care settings. ANJESO is the first and only 24-hour, intravenous (IV) COX-2 preferential non-steroidal anti-inflammatory (NSAID) for the management of moderate to severe pain. In addition to ANJESO, Baudax Bio has a pipeline of other innovative pharmaceutical assets including two novel neuromuscular blocking agents (NMBs) and a proprietary chemical reversal agent specific to these NMBs. For more information, please visit www.baudaxbio.com.



Gregory Aurand, Senior Vice President, Equity Research Analyst, Healthcare Services &amp; Medical Devices, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Deeper dive into the results.&nbsp;&nbsp;The electomyography (EMG) detailed analysis confirmed the earlier top-line data released showing the highest dose of BX1000 was comparable to rocuronium (current standard). There was a clear dose response for BX1000 on maximum T1 suppression, with comparable results for the 1.5x ED95&nbsp;&nbsp;dose of BX1000 and the 2x&nbsp;ED95&nbsp;dose of rocuronium, strongly suggesting lower BX1000 dosing needed.



What is T1 suppression?&nbsp;&nbsp;Train of Four (TOF) testing is a method of peripheral nerve stimulation, using electrodes placed along the nerve pathway. An electrical impulse will cause a contraction (twitch). With increased NMB dosing, the twitch response fades, with the fourth (T4) response lost first, then T3, then T2, and finally the first (T1). The number of twitches observed indicates the NMB level achieved, determining the minimum amount needed to achieve the desired effect, while reducing the likelihood of over-paralysis and prolonged muscle weakness. A T1 level of suppression (or one twitch) represents approximately 90% block, a level suitable for short term procedures including intubation.&nbsp;



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Baudax Bio (BXRX) - More Positive Top-Line Results From Phase II BX1000 Trial

Baudax Bio

Biotechnology

BXRX

Health

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Thursday, June 08, 2023



Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



1QFY24 Revenue Light.&nbsp;Net revenue of $94.4 million was below our and consensus estimates of $99 million and $99.7 million, respectively. The revenue miss was driven by some traffic weakness at factory stores during March, although subsequent months have shown improvement. However, Pura Vida showed its first y-o-y sales improvement in five quarters, while Vera Bradley full line and e-comm produced solid results.



But Margins Improved.&nbsp;Gross margin expanded 150 basis points to 54.8% reflecting lower freight costs and inventory sell through while SG&amp;A fell to 58.9% of revenue from 60.3% (both non-GAAP) last year reflecting strong cost control. GAAP EPS loss was $0.15, while adjusted EPS loss was $0.09, compared to EPS loss of $0.21 and $0.18, respectively, in 1QFY23, and our $0.19 EPS loss estimate.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25904">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

<figure class="wp-block-image"><img decoding="async" src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Thursday, June 08, 2023



Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



1QFY24 Revenue Light.&nbsp;Net revenue of $94.4 million was below our and consensus estimates of $99 million and $99.7 million, respectively. The revenue miss was driven by some traffic weakness at factory stores during March, although subsequent months have shown improvement. However, Pura Vida showed its first y-o-y sales improvement in five quarters, while Vera Bradley full line and e-comm produced solid results.



But Margins Improved.&nbsp;Gross margin expanded 150 basis points to 54.8% reflecting lower freight costs and inventory sell through while SG&amp;A fell to 58.9% of revenue from 60.3% (both non-GAAP) last year reflecting strong cost control. GAAP EPS loss was $0.15, while adjusted EPS loss was $0.09, compared to EPS loss of $0.21 and $0.18, respectively, in 1QFY23, and our $0.19 EPS loss estimate.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/25904">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Thursday, June 08, 2023



Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



1QFY24 Revenue Light.&nbsp;Net revenue of $94.4 million was below our and consensus estimates of $99 million and $99.7 million, respectively. The revenue miss was driven by some traffic weakness at factory stores during March, although subsequent months have shown improvement. However, Pura Vida showed its first y-o-y sales improvement in five quarters, while Vera Bradley full line and e-comm produced solid results.



But Margins Improved.&nbsp;Gross margin expanded 150 basis points to 54.8% reflecting lower freight costs and inventory sell through while SG&amp;A fell to 58.9% of revenue from 60.3% (both non-GAAP) last year reflecting strong cost control. GAAP EPS loss was $0.15, while adjusted EPS loss was $0.09, compared to EPS loss of $0.21 and $0.18, respectively, in 1QFY23, and our $0.19 EPS loss estimate.



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Vera Bradley (VRA) - The Transformation Has Begun

Footwear &amp; Accessories

Vera Bradley

<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-naked-short-663.jpg" alt="" class="wp-image-64930"/></figure>



<h2 class="wp-block-heading">Crossing the Line into Naked Short Selling</h2>







Shorting a stock by itself is not illegal and can even be thought of as helping the liquidity in the company’s shares as many more continuously change hands (volume). Brokers and institutional investors can also reap additional benefits. For all participating investors, it allows the opportunity for money to be made as long as the stock is moving up or down. However, among the legal shorts, there are illegal short positions being made. This has been the subject of controversy, Volkswagen in 2008, GameStop 2021, and AMC which has worked to end attempts of this kind of activity in its stock.







<h3 class="wp-block-heading">The Upside-Downside of Legal Short Selling</h3>



Selling a stock that you don’t own puts you, the seller at a greater risk than buying a stock. The reason is simple, stocks can theoretically go up by an infinite amount, however, they can only go down by their current value. If your shorts go up, you are losing value in your position. With this risk in mind, selling shares you don’t own, or a shorting strategy, certainly can work in your favor if your risk management short-circuits are in place and the stock’s value erodes.



A legal short position involves your broker borrowing shares on your behalf, perhaps from a large institutional holder, paying them a daily accrual rebate rate (interest) during the period that you hold the short position. The strategy is to buy them back at a lower price in the future than what you sold them at today.







<h3 class="wp-block-heading">Crossing the Line to Naked Short Selling</h3>



The word “naked” when it comes to most investments, suggests that you are without that which you are trading. If the same amount of shares has been borrowed on your behalf or by you as part of your short transaction, you are not naked in the position.



<a href="https://www.channelchek.com/news-channel/are-naked-shorts-depressing-your-investment-portfolio" target="_blank" rel="noreferrer noopener">Naked shorting </a>is the illegal practice of short selling shares that have not been affirmatively determined to exist. This can happen when there are so many market players thinking shares will decline in value that more shares are sold than obtainable to back up each trade.



Despite the SEC making this illegal after 2008 in response to some failing investment banks that had been sold beyond the number of shares in existence, naked shorting still goes on today.



One example still fresh in many<a href="https://www.channelchek.com/news-channel/retail-investors-are-again-impacting-markets-and-leaving-a-mark" target="_blank" rel="noreferrer noopener"> self-directed investors'</a> minds is GameStop (GME) shares. In 2021, traders reportedly sold short around 140% of GME shares outstanding. This meant a substantial amount of shares of the company were sold that didn’t exist. What allowed these trades go through was something called ‘phantom’ sales, the tool of naked short selling.







<h3 class="wp-block-heading">Phantom Sales?</h3>



The term “phantom sales” sounds even more nefarious than “naked shorts.” What it means, is that the naked short sellers deposited digital IOUs into buyers' accounts, promising that they will locate shares and make good delivery to the buyer as soon as possible. Unfortunately, it can become impossible when more shares are sold than exist. That creates a failure to deliver or simply “FTD” which is used in a hashtag that most that follow <a href="https://www.channelchek.com/news-channel/more_behind_amc_s_ape_dividend_than_meets_the_eye" target="_blank" rel="noreferrer noopener">AMC Theatres</a> (AMC) are familiar with.



When a stock gets oversold to the point of more shares sold than exist, it can be very bullish for the holders. This is because the short sellers desperately need to make good on their IOUs held by buyers.



If buying demand picks up in the stocks, the short positions are considered to be getting “squeezed” – &nbsp;a “short squeeze” is taking place.



In the case of GME, communication made better through social media channels and stock message boards allowed individual investors to loosely coordinate and heighten the squeeze on short sellers, including large institutional hedge funds that may have had naked short positions.







<h3 class="wp-block-heading">Naked Shorts Banned</h3>



Imagine the problems and stress that occurs when trades don't settle on time due to naked short-selling delivery failures.



The SEC banned the practice of naked short-selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities. Prior to the ban, in 2007 the regulator amended a 2005 rule called Regulation SHO. The amendment limits possibilities for naked shorting by removing loopholes that existed for some broker-dealers in 2007. Regulation SHO requires lists to be published that track stocks with unusually high trends in failing to deliver (FTD) shares.



These lists are available to investors and often used to determine where activity may become frantic.



A variant that is not banned, or in violation of SEC is rules is an FTD where the shares were located, but there is a legitimate failure to deliver. That is the short seller contacted a holder (usually through a broker) and they both agreed to terms of the short-seller borrowing authentic shares of the company.







<h3 class="wp-block-heading">Take Away</h3>



Short selling is a normal function of trading and not frowned upon by the regulators. However you have to be in touch with shares that are available for you to borrow at an agreed-upon interest rate. Otherwise you may find you are naked selling because you don’t own the shares, and can not make delivery. &nbsp;



These rules apply to stocks that trade on a national exchange. For those stocks not listed on a major securities exchange, the SEC may require more disclosure from the transacting broker.



<a href="mailto:phoffman@channelchek.com">Paul Hoffman</a>



Managing Editor, Channelchek

<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="663" height="381" src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-naked-short-663.jpg" alt="" class="wp-image-64930" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-naked-short-663.jpg 663w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-naked-short-663-300x172.jpg 300w" sizes="(max-width: 663px) 100vw, 663px" /></figure></div>


<h2 class="wp-block-heading">Crossing the Line into Naked Short Selling</h2>







Shorting a stock by itself is not illegal and can even be thought of as helping the liquidity in the company’s shares as many more continuously change hands (volume). Brokers and institutional investors can also reap additional benefits. For all participating investors, it allows the opportunity for money to be made as long as the stock is moving up or down. However, among the legal shorts, there are illegal short positions being made. This has been the subject of controversy, Volkswagen in 2008, GameStop 2021, and AMC which has worked to end attempts of this kind of activity in its stock.







<h3 class="wp-block-heading">The Upside-Downside of Legal Short Selling</h3>



Selling a stock that you don’t own puts you, the seller at a greater risk than buying a stock. The reason is simple, stocks can theoretically go up by an infinite amount, however, they can only go down by their current value. If your shorts go up, you are losing value in your position. With this risk in mind, selling shares you don’t own, or a shorting strategy, certainly can work in your favor if your risk management short-circuits are in place and the stock’s value erodes.



A legal short position involves your broker borrowing shares on your behalf, perhaps from a large institutional holder, paying them a daily accrual rebate rate (interest) during the period that you hold the short position. The strategy is to buy them back at a lower price in the future than what you sold them at today.







<h3 class="wp-block-heading">Crossing the Line to Naked Short Selling</h3>



The word “naked” when it comes to most investments, suggests that you are without that which you are trading. If the same amount of shares has been borrowed on your behalf or by you as part of your short transaction, you are not naked in the position.



<a href="https://www.channelchek.com/news-channel/are-naked-shorts-depressing-your-investment-portfolio" target="_blank" rel="noreferrer noopener">Naked shorting </a>is the illegal practice of short selling shares that have not been affirmatively determined to exist. This can happen when there are so many market players thinking shares will decline in value that more shares are sold than obtainable to back up each trade.



Despite the SEC making this illegal after 2008 in response to some failing investment banks that had been sold beyond the number of shares in existence, naked shorting still goes on today.



One example still fresh in many<a href="https://www.channelchek.com/news-channel/retail-investors-are-again-impacting-markets-and-leaving-a-mark" target="_blank" rel="noreferrer noopener"> self-directed investors&#8217;</a> minds is GameStop (GME) shares. In 2021, traders reportedly sold short around 140% of GME shares outstanding. This meant a substantial amount of shares of the company were sold that didn’t exist. What allowed these trades go through was something called ‘phantom’ sales, the tool of naked short selling.







<h3 class="wp-block-heading">Phantom Sales?</h3>



The term “phantom sales” sounds even more nefarious than “naked shorts.” What it means, is that the naked short sellers deposited digital IOUs into buyers&#8217; accounts, promising that they will locate shares and make good delivery to the buyer as soon as possible. Unfortunately, it can become impossible when more shares are sold than exist. That creates a failure to deliver or simply “FTD” which is used in a hashtag that most that follow <a href="https://www.channelchek.com/news-channel/more_behind_amc_s_ape_dividend_than_meets_the_eye" target="_blank" rel="noreferrer noopener">AMC Theatres</a> (AMC) are familiar with.



When a stock gets oversold to the point of more shares sold than exist, it can be very bullish for the holders. This is because the short sellers desperately need to make good on their IOUs held by buyers.



If buying demand picks up in the stocks, the short positions are considered to be getting “squeezed” – &nbsp;a “short squeeze” is taking place.



In the case of GME, communication made better through social media channels and stock message boards allowed individual investors to loosely coordinate and heighten the squeeze on short sellers, including large institutional hedge funds that may have had naked short positions.







<h3 class="wp-block-heading">Naked Shorts Banned</h3>



Imagine the problems and stress that occurs when trades don&#8217;t settle on time due to naked short-selling delivery failures.



The SEC banned the practice of naked short-selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities. Prior to the ban, in 2007 the regulator amended a 2005 rule called Regulation SHO. The amendment limits possibilities for naked shorting by removing loopholes that existed for some broker-dealers in 2007. Regulation SHO requires lists to be published that track stocks with unusually high trends in failing to deliver (FTD) shares.



These lists are available to investors and often used to determine where activity may become frantic.



A variant that is not banned, or in violation of SEC is rules is an FTD where the shares were located, but there is a legitimate failure to deliver. That is the short seller contacted a holder (usually through a broker) and they both agreed to terms of the short-seller borrowing authentic shares of the company.







<h3 class="wp-block-heading">Take Away</h3>



Short selling is a normal function of trading and not frowned upon by the regulators. However you have to be in touch with shares that are available for you to borrow at an agreed-upon interest rate. Otherwise you may find you are naked selling because you don’t own the shares, and can not make delivery. &nbsp;



These rules apply to stocks that trade on a national exchange. For those stocks not listed on a major securities exchange, the SEC may require more disclosure from the transacting broker.



<a href="mailto:phoffman@channelchek.com">Paul Hoffman</a>



Managing Editor, Channelchek

Crossing the Line into Naked Short Selling







Shorting a stock by itself is not illegal and can even be thought of as helping the liquidity in the company’s shares as many more continuously change hands (volume). Brokers and institutional investors can also reap additional benefits. For all participating investors, it allows the opportunity for money to be made as long as the stock is moving up or down. However, among the legal shorts, there are illegal short positions being made. This has been the subject of controversy, Volkswagen in 2008, GameStop 2021, and AMC which has worked to end attempts of this kind of activity in its stock.







The Upside-Downside of Legal Short Selling



Selling a stock that you don’t own puts you, the seller at a greater risk than buying a stock. The reason is simple, stocks can theoretically go up by an infinite amount, however, they can only go down by their current value. If your shorts go up, you are losing value in your position. With this risk in mind, selling shares you don’t own, or a shorting strategy, certainly can work in your favor if your risk management short-circuits are in place and the stock’s value erodes.



A legal short position involves your broker borrowing shares on your behalf, perhaps from a large institutional holder, paying them a daily accrual rebate rate (interest) during the period that you hold the short position. The strategy is to buy them back at a lower price in the future than what you sold them at today.







Crossing the Line to Naked Short Selling



The word “naked” when it comes to most investments, suggests that you are without that which you are trading. If the same amount of shares has been borrowed on your behalf or by you as part of your short transaction, you are not naked in the position.



Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. This can happen when there are so many market players thinking shares will decline in value that more shares are sold than obtainable to back up each trade.



Despite the SEC making this illegal after 2008 in response to some failing investment banks that had been sold beyond the number of shares in existence, naked shorting still goes on today.



One example still fresh in many self-directed investors&#8217; minds is GameStop (GME) shares. In 2021, traders reportedly sold short around 140% of GME shares outstanding. This meant a substantial amount of shares of the company were sold that didn’t exist. What allowed these trades go through was something called ‘phantom’ sales, the tool of naked short selling.







Phantom Sales?



The term “phantom sales” sounds even more nefarious than “naked shorts.” What it means, is that the naked short sellers deposited digital IOUs into buyers&#8217; accounts, promising that they will locate shares and make good delivery to the buyer as soon as possible. Unfortunately, it can become impossible when more shares are sold than exist. That creates a failure to deliver or simply “FTD” which is used in a hashtag that most that follow AMC Theatres (AMC) are familiar with.



When a stock gets oversold to the point of more shares sold than exist, it can be very bullish for the holders. This is because the short sellers desperately need to make good on their IOUs held by buyers.



If buying demand picks up in the stocks, the short positions are considered to be getting “squeezed” – &nbsp;a “short squeeze” is taking place.



In the case of GME, communication made better through social media channels and stock message boards allowed individual investors to loosely coordinate and heighten the squeeze on short sellers, including large institutional hedge funds that may have had naked short positions.







Naked Shorts Banned



Imagine the problems and stress that occurs when trades don&#8217;t settle on time due to naked short-selling delivery failures.



The SEC banned the practice of naked short-selling in the United States in 2008 after the financial crisis. The ban applies to naked shorting only and not to other short-selling activities. Prior to the ban, in 2007 the regulator amended a 2005 rule called Regulation SHO. The amendment limits possibilities for naked shorting by removing loopholes that existed for some broker-dealers in 2007. Regulation SHO requires lists to be published that track stocks with unusually high trends in failing to deliver (FTD) shares.



These lists are available to investors and often used to determine where activity may become frantic.



A variant that is not banned, or in violation of SEC is rules is an FTD where the shares were located, but there is a legitimate failure to deliver. That is the short seller contacted a holder (usually through a broker) and they both agreed to terms of the short-seller borrowing authentic shares of the company.







Take Away



Short selling is a normal function of trading and not frowned upon by the regulators. However you have to be in touch with shares that are available for you to borrow at an agreed-upon interest rate. Otherwise you may find you are naked selling because you don’t own the shares, and can not make delivery. &nbsp;



These rules apply to stocks that trade on a national exchange. For those stocks not listed on a major securities exchange, the SEC may require more disclosure from the transacting broker.



Paul Hoffman



Managing Editor, Channelchek

When Shorting a Stock Becomes Illegal

Shorting

<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-clayton-gensler-663.jpg" alt="" class="wp-image-64923"/><figcaption class="wp-element-caption">Image: Securities and Exchange Commission, March 2019 (Flickr)</figcaption></figure>



<h2 class="wp-block-heading">Is this the Most Aggressive SEC Ever? Former Commission Head Thinks So</h2>







Gary Gensler was nominated head of the Securities and Exchange Commission just after SEC Chairman Jay Clayton stepped down on December 23, 2020. Cryptocurrency exchanges welcomed the incoming Chair’s appointment as “Gensler unites a pro-regulation history with a pro-crypto viewpoint, and could finally implement the regulatory clarity many in the industry have desired,” said an opinion piece published in Coinbase two months after. It has now been two years, and Chair Gensler’s predecessor, in his <a href="https://www.channelchek.com/news-channel/sec-charges-against-binance-and-binances-sharp-response">new role</a>, shared his views and criticisms this week.



Former SEC chairman Jay Clayton, who is now working in the private sector, said he believes government regulators could do a much better job serving investors and the broader financial markets. The comments came during an address (June 7) in Orlando as he spoke at the BNY Mellon Pershing Insite 23 Conference. In his talk, Clayton highlighted big differences between the SEC under the Biden administration in comparison to the Trump presidency.



“I think it’s pretty clear we’re in a very highly business-skeptical and commercial-skeptical regulatory environment,” he said. “Any time you go to extremes, either way, you get more bad than good.”



Clayton, is now the nonexecutive chair at Apollo Global Management, a large alternative asset manager. He held the position of SEC chairman from May 2017 through December 2020. He believes the regulatory whiplash leaves anyone participating in the financial markets with more questions than answers.



“People don’t know what is really happening, how long it is going to last, and what they should do about it,” he said in reference to what has been described as the most aggressive SEC ever.







<figure class="wp-block-image aligncenter size-large"><a href="https://www.channelchek.com/news-channel/noblecon19-noble-capital-markets-19th-annual-emerging-growth-equity-conference"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/05/202305-article2-1-1024x101.jpg" alt="" class="wp-image-64101"/></a></figure>







Clayton acknowledged that his business is with an alternative investment house, and that he might be accused of “talking his book” as a representative of a firm that manages private investments, but explained that he believes retail class investors are being locked out of suitable investments. He believes there should be a democratization of alternative investments, which has been an SEC focus. The <a href="https://www.channelchek.com/terms/accredited-investors">accredited investor policies</a> may not be best for the average person planning for the future.



“Capital formation these days largely comes from outside the public markets, yet the investing public is largely held outside those private markets,” he said. “All investors should have access to a portfolio that looks like a well-managed pension fund. With the help of a lot of the people in this room, I think we’re going to be able to do it,” he optimistically said addressing the large group from the wealth management industry.



He called on investment management firms to do their part to help regulators by making an effort to create products that are more broadly suited to the full universe of investors. Clayton took particular issue with the current accreditation rules. Saying the 40-year-old <a href="https://www.channelchek.com/news-channel/are-you-an-accredited-investor-heres-what-you-need-to-know">accredited investor</a> rule doesn’t jive with today’s reality, an environment where individual investors are largely responsible for their own retirement income.



The former SEC head pointed out what he thought to be absurd, mentioning qualified retirement accounts (<a href="https://www.channelchek.com/news-channel/new-tax-benefits-investors-are-being-granted">401k, 403b, IRAs</a>) that give retail investors access to highly liquid mutual funds and perhaps ETFs, but not less liquid investments that would be better suited for long-term investing objectives.



“You’re paying for liquidity that you don’t need and can’t access,” Clayton said. “Pick a target-date fund, for example, why wouldn’t there be a sliver of privates or alternatives in there? If I’m a 401(k) investor, I should be able to get something that looks like a Calpers portfolio. Why wouldn’t you have a 10% slice of privates in your retirement portfolio when you’re 50 years old?” He said referring to the large institution managing the California teachers retirement portfolio.



Take Away



The former SEC head Jay Clayton believes that the sharp move from lowering &nbsp;regulatoryinvestment &nbsp;hurdles, to erecting the most aggressive in history under the current leadership of Gary Gensler, is bad for investors. He doesn’t argue strongly for either side, as much as he is against sudden changes and the impact it has on investors.



Clayton also supports alternative funds for the average retail investor, especially as it relates to long-term savings such as retirement accounts.



Insite23, the investor conference Jay Clayton was addressing in Orlando, FL, draws wealth management professionals from across the US. This coming December, the Channelchek-sponsored investor conference, NobleCon19 will be held in Boca Raton, Fl. This annual conference, in its 19th year, draws institutional and self-directed investors from beyond the US, who wish to attend presentations, breakout sessions, and panel discussions with CEOs, and even former government leaders. Those attending this year's NobleCon will get to assess lesser-known investment opportunities along with the current investment climate. Attendees can look forward to two days filled with actionable opportunities explained by those with direct knowledge at the company's helm. 



For information on attending Nobecon19, sponsoring, or presenting, <a href="https://www.channelchek.com/news-channel/noblecon19-noble-capital-markets-19th-annual-emerging-growth-equity-conference">click here.</a>



<a href="phoffman@channelchek.com" target="_blank" rel="noreferrer noopener">Paul Hoffman</a>



Managing Editor, Channelchek







Sources



<a href="https://www.coindesk.com/policy/2021/03/02/state-of-crypto-how-sec-chair-gary-gensler-could-differ-from-predecessor-jay-clayton/">State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton</a>



<a href="https://www.apollo.com/">Apollo Capital</a>



<a href="https://www.investmentnews.com/former-sec-chair-clayton-makes-case-for-democratizing-alternative-investments-238480">Former SEC Chair Clayton makes case for democratizing alternative investments</a>



<a href="https://insite.bnymellon.com/home/agenda.html">BNY Mellon Insite</a>

<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="663" height="442" src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-clayton-gensler-663.jpg" alt="" class="wp-image-64923" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-clayton-gensler-663.jpg 663w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/cc-news-clayton-gensler-663-300x200.jpg 300w" sizes="(max-width: 663px) 100vw, 663px" /><figcaption class="wp-element-caption">Image: Securities and Exchange Commission, March 2019 (Flickr)</figcaption></figure></div>


<h2 class="wp-block-heading">Is this the Most Aggressive SEC Ever? Former Commission Head Thinks So</h2>







Gary Gensler was nominated head of the Securities and Exchange Commission just after SEC Chairman Jay Clayton stepped down on December 23, 2020. Cryptocurrency exchanges welcomed the incoming Chair’s appointment as “Gensler unites a pro-regulation history with a pro-crypto viewpoint, and could finally implement the regulatory clarity many in the industry have desired,” said an opinion piece published in Coinbase two months after. It has now been two years, and Chair Gensler’s predecessor, in his <a href="https://www.channelchek.com/news-channel/sec-charges-against-binance-and-binances-sharp-response">new role</a>, shared his views and criticisms this week.



Former SEC chairman Jay Clayton, who is now working in the private sector, said he believes government regulators could do a much better job serving investors and the broader financial markets. The comments came during an address (June 7) in Orlando as he spoke at the BNY Mellon Pershing Insite 23 Conference. In his talk, Clayton highlighted big differences between the SEC under the Biden administration in comparison to the Trump presidency.



“I think it’s pretty clear we’re in a very highly business-skeptical and commercial-skeptical regulatory environment,” he said. “Any time you go to extremes, either way, you get more bad than good.”



Clayton, is now the nonexecutive chair at Apollo Global Management, a large alternative asset manager. He held the position of SEC chairman from May 2017 through December 2020. He believes the regulatory whiplash leaves anyone participating in the financial markets with more questions than answers.



“People don’t know what is really happening, how long it is going to last, and what they should do about it,” he said in reference to what has been described as the most aggressive SEC ever.






<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://www.channelchek.com/news-channel/noblecon19-noble-capital-markets-19th-annual-emerging-growth-equity-conference"><img decoding="async" loading="lazy" width="1024" height="101" src="https://dashboard.channelchek.com/wp-content/uploads/2023/05/202305-article2-1-1024x101.jpg" alt="" class="wp-image-64101" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/05/202305-article2-1-1024x101.jpg 1024w, https://dashboard.channelchek.com/wp-content/uploads/2023/05/202305-article2-1-300x30.jpg 300w, https://dashboard.channelchek.com/wp-content/uploads/2023/05/202305-article2-1-768x76.jpg 768w, https://dashboard.channelchek.com/wp-content/uploads/2023/05/202305-article2-1.jpg 1488w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure></div>






Clayton acknowledged that his business is with an alternative investment house, and that he might be accused of “talking his book” as a representative of a firm that manages private investments, but explained that he believes retail class investors are being locked out of suitable investments. He believes there should be a democratization of alternative investments, which has been an SEC focus. The <a href="https://www.channelchek.com/terms/accredited-investors">accredited investor policies</a> may not be best for the average person planning for the future.



“Capital formation these days largely comes from outside the public markets, yet the investing public is largely held outside those private markets,” he said. “All investors should have access to a portfolio that looks like a well-managed pension fund. With the help of a lot of the people in this room, I think we’re going to be able to do it,” he optimistically said addressing the large group from the wealth management industry.



He called on investment management firms to do their part to help regulators by making an effort to create products that are more broadly suited to the full universe of investors. Clayton took particular issue with the current accreditation rules. Saying the 40-year-old <a href="https://www.channelchek.com/news-channel/are-you-an-accredited-investor-heres-what-you-need-to-know">accredited investor</a> rule doesn’t jive with today’s reality, an environment where individual investors are largely responsible for their own retirement income.



The former SEC head pointed out what he thought to be absurd, mentioning qualified retirement accounts (<a href="https://www.channelchek.com/news-channel/new-tax-benefits-investors-are-being-granted">401k, 403b, IRAs</a>) that give retail investors access to highly liquid mutual funds and perhaps ETFs, but not less liquid investments that would be better suited for long-term investing objectives.



“You’re paying for liquidity that you don’t need and can’t access,” Clayton said. “Pick a target-date fund, for example, why wouldn’t there be a sliver of privates or alternatives in there? If I’m a 401(k) investor, I should be able to get something that looks like a Calpers portfolio. Why wouldn’t you have a 10% slice of privates in your retirement portfolio when you’re 50 years old?” He said referring to the large institution managing the California teachers retirement portfolio.



Take Away



The former SEC head Jay Clayton believes that the sharp move from lowering &nbsp;regulatoryinvestment &nbsp;hurdles, to erecting the most aggressive in history under the current leadership of Gary Gensler, is bad for investors. He doesn’t argue strongly for either side, as much as he is against sudden changes and the impact it has on investors.



Clayton also supports alternative funds for the average retail investor, especially as it relates to long-term savings such as retirement accounts.



Insite23, the investor conference Jay Clayton was addressing in Orlando, FL, draws wealth management professionals from across the US. This coming December, the Channelchek-sponsored investor conference, NobleCon19 will be held in Boca Raton, Fl. This annual conference, in its 19th year, draws institutional and self-directed investors from beyond the US, who wish to attend presentations, breakout sessions, and panel discussions with CEOs, and even former government leaders. Those attending this year&#8217;s NobleCon will get to assess lesser-known investment opportunities along with the current investment climate. Attendees can look forward to two days filled with actionable opportunities explained by those with direct knowledge at the company&#8217;s helm. 



For information on attending Nobecon19, sponsoring, or presenting, <a href="https://www.channelchek.com/news-channel/noblecon19-noble-capital-markets-19th-annual-emerging-growth-equity-conference">click here.</a>



<a href="phoffman@channelchek.com" target="_blank" rel="noreferrer noopener">Paul Hoffman</a>



Managing Editor, Channelchek







Sources



<a href="https://www.coindesk.com/policy/2021/03/02/state-of-crypto-how-sec-chair-gary-gensler-could-differ-from-predecessor-jay-clayton/">State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton</a>



<a href="https://www.apollo.com/">Apollo Capital</a>



<a href="https://www.investmentnews.com/former-sec-chair-clayton-makes-case-for-democratizing-alternative-investments-238480">Former SEC Chair Clayton makes case for democratizing alternative investments</a>



<a href="https://insite.bnymellon.com/home/agenda.html">BNY Mellon Insite</a>

Image: Securities and Exchange Commission, March 2019 (Flickr)


Is this the Most Aggressive SEC Ever? Former Commission Head Thinks So







Gary Gensler was nominated head of the Securities and Exchange Commission just after SEC Chairman Jay Clayton stepped down on December 23, 2020. Cryptocurrency exchanges welcomed the incoming Chair’s appointment as “Gensler unites a pro-regulation history with a pro-crypto viewpoint, and could finally implement the regulatory clarity many in the industry have desired,” said an opinion piece published in Coinbase two months after. It has now been two years, and Chair Gensler’s predecessor, in his new role, shared his views and criticisms this week.



Former SEC chairman Jay Clayton, who is now working in the private sector, said he believes government regulators could do a much better job serving investors and the broader financial markets. The comments came during an address (June 7) in Orlando as he spoke at the BNY Mellon Pershing Insite 23 Conference. In his talk, Clayton highlighted big differences between the SEC under the Biden administration in comparison to the Trump presidency.



“I think it’s pretty clear we’re in a very highly business-skeptical and commercial-skeptical regulatory environment,” he said. “Any time you go to extremes, either way, you get more bad than good.”



Clayton, is now the nonexecutive chair at Apollo Global Management, a large alternative asset manager. He held the position of SEC chairman from May 2017 through December 2020. He believes the regulatory whiplash leaves anyone participating in the financial markets with more questions than answers.



“People don’t know what is really happening, how long it is going to last, and what they should do about it,” he said in reference to what has been described as the most aggressive SEC ever.














Clayton acknowledged that his business is with an alternative investment house, and that he might be accused of “talking his book” as a representative of a firm that manages private investments, but explained that he believes retail class investors are being locked out of suitable investments. He believes there should be a democratization of alternative investments, which has been an SEC focus. The accredited investor policies may not be best for the average person planning for the future.



“Capital formation these days largely comes from outside the public markets, yet the investing public is largely held outside those private markets,” he said. “All investors should have access to a portfolio that looks like a well-managed pension fund. With the help of a lot of the people in this room, I think we’re going to be able to do it,” he optimistically said addressing the large group from the wealth management industry.



He called on investment management firms to do their part to help regulators by making an effort to create products that are more broadly suited to the full universe of investors. Clayton took particular issue with the current accreditation rules. Saying the 40-year-old accredited investor rule doesn’t jive with today’s reality, an environment where individual investors are largely responsible for their own retirement income.



The former SEC head pointed out what he thought to be absurd, mentioning qualified retirement accounts (401k, 403b, IRAs) that give retail investors access to highly liquid mutual funds and perhaps ETFs, but not less liquid investments that would be better suited for long-term investing objectives.



“You’re paying for liquidity that you don’t need and can’t access,” Clayton said. “Pick a target-date fund, for example, why wouldn’t there be a sliver of privates or alternatives in there? If I’m a 401(k) investor, I should be able to get something that looks like a Calpers portfolio. Why wouldn’t you have a 10% slice of privates in your retirement portfolio when you’re 50 years old?” He said referring to the large institution managing the California teachers retirement portfolio.



Take Away



The former SEC head Jay Clayton believes that the sharp move from lowering &nbsp;regulatoryinvestment &nbsp;hurdles, to erecting the most aggressive in history under the current leadership of Gary Gensler, is bad for investors. He doesn’t argue strongly for either side, as much as he is against sudden changes and the impact it has on investors.



Clayton also supports alternative funds for the average retail investor, especially as it relates to long-term savings such as retirement accounts.



Insite23, the investor conference Jay Clayton was addressing in Orlando, FL, draws wealth management professionals from across the US. This coming December, the Channelchek-sponsored investor conference, NobleCon19 will be held in Boca Raton, Fl. This annual conference, in its 19th year, draws institutional and self-directed investors from beyond the US, who wish to attend presentations, breakout sessions, and panel discussions with CEOs, and even former government leaders. Those attending this year&#8217;s NobleCon will get to assess lesser-known investment opportunities along with the current investment climate. Attendees can look forward to two days filled with actionable opportunities explained by those with direct knowledge at the company&#8217;s helm. 



For information on attending Nobecon19, sponsoring, or presenting, click here.



Paul Hoffman



Managing Editor, Channelchek







Sources



State of Crypto: How SEC Chair Gary Gensler Could Differ From Predecessor Jay Clayton



Apollo Capital



Former SEC Chair Clayton makes case for democratizing alternative investments



BNY Mellon Insite

Gensler’s Predecessor Says SEC “Regulatory Whiplash” Bad for Investors

Regulation

<figure class="wp-block-image aligncenter size-full is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2022/08/vvx_logo.png" alt="" class="wp-image-49157" width="187" height="187"/></figure>



<a href="http://www.channelchek.com/company/vvx">Research News and Market Data on VVX </a>



Company Release -&nbsp;6/7/2023



Senior Vice President Susan Lynch honored by the Northern Virginia Technology Council



MCLEAN, Va. – V2X, Inc. (NYSE: VVX) proudly announces Chief Financial Officer, Susan Lynch, was named this year’s&nbsp;Greater Washington Public Company CFO of the Year&nbsp;by the Northern Virginia Technology Council (NVTC). This award reflects Lynch’s exceptional financial leadership, strategic awareness, and dedication to driving the company’s success.



“This award is a testament to the hard work and dedication of our entire finance team at V2X,” Lynch said. “I am deeply honored to receive this recognition, it highlights our commitment to excellence. It also honors the tireless efforts of over 15,000 V2X employees that has enabled us to achieve our financial goals and drive substantial growth. Thank you to the NVTC and congratulations to all of the other winners.”



The Public Company CFO of the Year award recognizes financial executives who demonstrate outstanding leadership, financial stewardship, and exemplary performance. Lynch’s contributions, innovative thinking, and ability to navigate complex financial landscapes earned her this prestigious accolade.



This achievement comes during a pivotal time in V2X’s growth. Lynch and a cohort of outstanding leaders have shepherded the company through a transformative post-merger period. Her strategic financial guidance remains instrumental in leading the company to enduring success and delivering value to its customers, stakeholders, and investors.



<figure class="wp-block-image size-large is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv-1024x768.jpg" alt="" class="wp-image-64901" width="838" height="629"/></figure>



ABOUT V2X



V2X builds smart solutions designed to integrate physical and digital infrastructure – from base to battlefield – by aligning people, actions, and outputs. Formed by the merger of Vectrus and Vertex, we bring a combined 120 years of successful mission support. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.



The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 15,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.



Media Contact Angelica Spanos Deoudes Senior Media Strategist <a href="mailto:communications@goV2X.com">communications@goV2X.com</a> 571-338-5195

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://dashboard.channelchek.com/wp-content/uploads/2022/08/vvx_logo.png" alt="" class="wp-image-49157" width="187" height="187" srcset="https://dashboard.channelchek.com/wp-content/uploads/2022/08/vvx_logo.png 386w, https://dashboard.channelchek.com/wp-content/uploads/2022/08/vvx_logo-300x300.png 300w, https://dashboard.channelchek.com/wp-content/uploads/2022/08/vvx_logo-150x150.png 150w" sizes="(max-width: 187px) 100vw, 187px" /></figure></div>


<a href="http://www.channelchek.com/company/vvx">Research News and Market Data on VVX </a>



Company Release &#8211;&nbsp;6/7/2023



Senior Vice President Susan Lynch honored by the Northern Virginia Technology Council



MCLEAN, Va. – V2X, Inc. (NYSE: VVX) proudly announces Chief Financial Officer, Susan Lynch, was named this year’s&nbsp;Greater Washington Public Company CFO of the Year&nbsp;by the Northern Virginia Technology Council (NVTC). This award reflects Lynch’s exceptional financial leadership, strategic awareness, and dedication to driving the company’s success.



“This award is a testament to the hard work and dedication of our entire finance team at V2X,” Lynch said. “I am deeply honored to receive this recognition, it highlights our commitment to excellence. It also honors the tireless efforts of over 15,000 V2X employees that has enabled us to achieve our financial goals and drive substantial growth. Thank you to the NVTC and congratulations to all of the other winners.”



The Public Company CFO of the Year award recognizes financial executives who demonstrate outstanding leadership, financial stewardship, and exemplary performance. Lynch’s contributions, innovative thinking, and ability to navigate complex financial landscapes earned her this prestigious accolade.



This achievement comes during a pivotal time in V2X’s growth. Lynch and a cohort of outstanding leaders have shepherded the company through a transformative post-merger period. Her strategic financial guidance remains instrumental in leading the company to enduring success and delivering value to its customers, stakeholders, and investors.



<figure class="wp-block-image size-large is-resized"><img decoding="async" loading="lazy" src="https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv-1024x768.jpg" alt="" class="wp-image-64901" width="838" height="629" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv-1024x768.jpg 1024w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv-300x225.jpg 300w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv-768x576.jpg 768w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv-1536x1152.jpg 1536w, https://dashboard.channelchek.com/wp-content/uploads/2023/06/vvv.jpg 1950w" sizes="(max-width: 838px) 100vw, 838px" /></figure>



ABOUT V2X



V2X builds smart solutions designed to integrate physical and digital infrastructure – from base to battlefield – by aligning people, actions, and outputs. Formed by the merger of Vectrus and Vertex, we bring a combined 120 years of successful mission support. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.



The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 15,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.



Media Contact Angelica Spanos Deoudes Senior Media Strategist <a href="mailto:communications@goV2X.com">communications@goV2X.com</a> 571-338-5195

Research News and Market Data on VVX 



Company Release &#8211;&nbsp;6/7/2023



Senior Vice President Susan Lynch honored by the Northern Virginia Technology Council



MCLEAN, Va. – V2X, Inc. (NYSE: VVX) proudly announces Chief Financial Officer, Susan Lynch, was named this year’s&nbsp;Greater Washington Public Company CFO of the Year&nbsp;by the Northern Virginia Technology Council (NVTC). This award reflects Lynch’s exceptional financial leadership, strategic awareness, and dedication to driving the company’s success.



“This award is a testament to the hard work and dedication of our entire finance team at V2X,” Lynch said. “I am deeply honored to receive this recognition, it highlights our commitment to excellence. It also honors the tireless efforts of over 15,000 V2X employees that has enabled us to achieve our financial goals and drive substantial growth. Thank you to the NVTC and congratulations to all of the other winners.”



The Public Company CFO of the Year award recognizes financial executives who demonstrate outstanding leadership, financial stewardship, and exemplary performance. Lynch’s contributions, innovative thinking, and ability to navigate complex financial landscapes earned her this prestigious accolade.



This achievement comes during a pivotal time in V2X’s growth. Lynch and a cohort of outstanding leaders have shepherded the company through a transformative post-merger period. Her strategic financial guidance remains instrumental in leading the company to enduring success and delivering value to its customers, stakeholders, and investors.







ABOUT V2X



V2X builds smart solutions designed to integrate physical and digital infrastructure – from base to battlefield – by aligning people, actions, and outputs. Formed by the merger of Vectrus and Vertex, we bring a combined 120 years of successful mission support. Our lifecycle solutions improve security, streamline logistics, and enhance readiness.



The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Our global team of approximately 15,000 employees brings innovation to every point in the mission lifecycle, from preparation to operations, to sustainment, as it tackles the most complex challenges with agility, grit, and dedication.



Media ContactAngelica Spanos DeoudesSenior Media Strategistcommunications@goV2X.com571-338-5195

Release - V2X’s Chief Finance Officer Recognized as Public Company CFO of the Year

Defense

<figure class="wp-block-image aligncenter size-full is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2022/03/kelya_logo.png" alt="" class="wp-image-7226" width="173" height="173"/></figure>



<a href="http://www.channelchek.com/company/kelya">Research News and Market Data on KELYA </a>



June 7, 2023



TROY, Mich.,&nbsp;June 7, 2023&nbsp;/PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced it will participate in the&nbsp;Sidoti Virtual Investor Conference&nbsp;on&nbsp;Wednesday, June 14, 2023.



Olivier Thirot, executive vice president and chief financial officer, and&nbsp;James Polehna, chief investor relations officer and corporate secretary, will participate in virtual one-on-one meetings. A copy of Kelly’s investor presentation is also available at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3886997-1&amp;h=3327728296&amp;u=https%3A%2F%2Fkellyservices.gcs-web.com%2Fevents-and-presentations&amp;a=kellyservices.com" target="_blank" rel="noreferrer noopener">kellyservices.com</a>.



About Kelly®



Kelly Services, Inc.&nbsp;(Nasdaq: KELYA, KELYB) helps companies recruit and manage&nbsp;skilled workers and helps job seekers find&nbsp;great&nbsp;work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and&nbsp;partners around the world, we connect more than 450,000 people with work every year.&nbsp;Our suite of outsourcing and consulting&nbsp;services ensures companies have the people they need, when and where&nbsp;they are needed most. Headquartered in&nbsp;Troy, Michigan, we empower businesses and individuals&nbsp;to access limitless opportunities in industries such as science, engineering,&nbsp;technology, education, manufacturing, retail, finance, and energy.&nbsp;Revenue in 2022 was&nbsp;$5.0 billion. Learn more at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3886997-1&amp;h=877851893&amp;u=https%3A%2F%2Fwww.kellyservices.com%2F&amp;a=kellyservices.com" target="_blank" rel="noreferrer noopener">kellyservices.com</a>.



KLYA-FIN



ANALYST &amp; MEDIA CONTACT: James&nbsp;Polehna (248) 244-4586&nbsp;&nbsp;&nbsp; <a href="mailto:james.polehna@kellyservices.com">james.polehna@kellyservices.com</a>



View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/kelly-to-participate-in-the-sidoti-virtual-investor-conference-301845063.html" target="_blank" rel="noreferrer noopener">https://www.prnewswire.com/news-releases/kelly-to-participate-in-the-sidoti-virtual-investor-conference-301845063.html</a>



SOURCE&nbsp;Kelly Services, Inc.

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://dashboard.channelchek.com/wp-content/uploads/2022/03/kelya_logo.png" alt="" class="wp-image-7226" width="173" height="173" srcset="https://dashboard.channelchek.com/wp-content/uploads/2022/03/kelya_logo.png 386w, https://dashboard.channelchek.com/wp-content/uploads/2022/03/kelya_logo-300x300.png 300w, https://dashboard.channelchek.com/wp-content/uploads/2022/03/kelya_logo-150x150.png 150w" sizes="(max-width: 173px) 100vw, 173px" /></figure></div>


<a href="http://www.channelchek.com/company/kelya">Research News and Market Data on KELYA </a>



June 7, 2023



TROY, Mich.,&nbsp;June 7, 2023&nbsp;/PRNewswire/ &#8212; Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced it will participate in the&nbsp;Sidoti Virtual Investor Conference&nbsp;on&nbsp;Wednesday, June 14, 2023.



Olivier Thirot, executive vice president and chief financial officer, and&nbsp;James Polehna, chief investor relations officer and corporate secretary, will participate in virtual one-on-one meetings. A copy of Kelly’s investor presentation is also available at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3886997-1&amp;h=3327728296&amp;u=https%3A%2F%2Fkellyservices.gcs-web.com%2Fevents-and-presentations&amp;a=kellyservices.com" target="_blank" rel="noreferrer noopener">kellyservices.com</a>.



About Kelly®



Kelly Services, Inc.&nbsp;(Nasdaq: KELYA, KELYB) helps companies recruit and manage&nbsp;skilled workers and helps job seekers find&nbsp;great&nbsp;work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and&nbsp;partners around the world, we connect more than 450,000 people with work every year.&nbsp;Our suite of outsourcing and consulting&nbsp;services ensures companies have the people they need, when and where&nbsp;they are needed most. Headquartered in&nbsp;Troy, Michigan, we empower businesses and individuals&nbsp;to access limitless opportunities in industries such as science, engineering,&nbsp;technology, education, manufacturing, retail, finance, and energy.&nbsp;Revenue in 2022 was&nbsp;$5.0 billion. Learn more at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3886997-1&amp;h=877851893&amp;u=https%3A%2F%2Fwww.kellyservices.com%2F&amp;a=kellyservices.com" target="_blank" rel="noreferrer noopener">kellyservices.com</a>.



KLYA-FIN



ANALYST &amp; MEDIA CONTACT: James&nbsp;Polehna (248) 244-4586&nbsp;&nbsp;&nbsp; <a href="mailto:james.polehna@kellyservices.com">james.polehna@kellyservices.com</a>



View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/kelly-to-participate-in-the-sidoti-virtual-investor-conference-301845063.html" target="_blank" rel="noreferrer noopener">https://www.prnewswire.com/news-releases/kelly-to-participate-in-the-sidoti-virtual-investor-conference-301845063.html</a>



SOURCE&nbsp;Kelly Services, Inc.

Research News and Market Data on KELYA 



June 7, 2023



TROY, Mich.,&nbsp;June 7, 2023&nbsp;/PRNewswire/ &#8212; Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced it will participate in the&nbsp;Sidoti Virtual Investor Conference&nbsp;on&nbsp;Wednesday, June 14, 2023.



Olivier Thirot, executive vice president and chief financial officer, and&nbsp;James Polehna, chief investor relations officer and corporate secretary, will participate in virtual one-on-one meetings. A copy of Kelly’s investor presentation is also available at&nbsp;kellyservices.com.



About Kelly®



Kelly Services, Inc.&nbsp;(Nasdaq: KELYA, KELYB) helps companies recruit and manage&nbsp;skilled workers and helps job seekers find&nbsp;great&nbsp;work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and&nbsp;partners around the world, we connect more than 450,000 people with work every year.&nbsp;Our suite of outsourcing and consulting&nbsp;services ensures companies have the people they need, when and where&nbsp;they are needed most. Headquartered in&nbsp;Troy, Michigan, we empower businesses and individuals&nbsp;to access limitless opportunities in industries such as science, engineering,&nbsp;technology, education, manufacturing, retail, finance, and energy.&nbsp;Revenue in 2022 was&nbsp;$5.0 billion. Learn more at&nbsp;kellyservices.com.



KLYA-FIN



ANALYST &amp; MEDIA CONTACT:James&nbsp;Polehna(248) 244-4586&nbsp;&nbsp;&nbsp;james.polehna@kellyservices.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/kelly-to-participate-in-the-sidoti-virtual-investor-conference-301845063.html



SOURCE&nbsp;Kelly Services, Inc.