Rat’s Rant – The Wall Street Bomb Edition

47

What’s Hot – EER, GGE, ICI, CLA, FPL, SHE, TEG, WWI, BNL & CYP

What’s Not – FFR

What’s Doing – 5GN (Q&A With Joe Demase)

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Good Afternoon,

Did you know that on this day in 1920 a bomb exploded on Wall Street, New York killing 38 people.

The Wall Street Bombing, as the incident is known, was the deadliest such act on American soil to that date.

It is still not known who was responsible for the bombing maybe it was a disgruntled short seller. 

What’s Hot  

EER – East Energy Resources Limited today closed up 1100% to finish at 3.6c on $160k stock traded. There was no news out today and nor has there been since their 

quarterly report was released at the end of last month.

At around lunch time today they were placed into a trading halt pending a response to the ASX for this crazy share price movement and are yet to give an explanation. 

You wouldn’t want to have been caught trading it today I would have thought, reminds me a lot of JPR which was on again yesterday.  

Some details on what they do are listed below:

East Energy Resources

East Energy Resources is an ASX listed coal exploration and development company primarily focus in the Eromanga Basin in Queensland.EER has a JORC Resource of 1.74Bt of Thermal Coal (627.5Mt Indicated and 1113Mt Inferred) located south west of the major deposits of Hancock Coal and Waratah Coal in the Galilee Basin. 

The recent purchase of Idalia Coal has added a further 440Mt of Inferred Coal Resources and a drill defined Exploration Target of 4.0Bt to 4.5Bt to the Group’s asset base.  Collectively the combination of East Energy and Idalia tenements provide for an exploration target of over 6 billions tonnes of open cut mineable thermal coal.

East Energy holds coal exploration permit, EPC 1149, which is located approximately 65km south of the township of Blackall, in Central Queensland. 

The tenements acquired upon the recent purchase of Idalia Coal in May 2013 are located adjacent to EPC 1149, specifically with EPC 1398 and 1399 located south and north of EPC 1149, respectively.

GGE – Grand Gulf Energy Limited today closed up 240% to finish at 1.7c on $1.3m stock traded. There was no news out today and nor has there been since a fortnight ago when they announced their quarterly activities.

After lunch today they too were placed into a trading halt pending an announcement regarding the recent price movement.

I hope it’s not a Hotel California type trade for those of you that own a few.

(Hotel California trade = very easy to get in and very hard to get out)    

Some details on what they do are listed below:Grand Gulf Energy Limited is targeting conventional oil and gas opportunities in the United States.

The company listed on the Australian Stock Exchange in February 2006 as Alto Energy International Limited and changed its name to Grand Gulf Energy Limited in June 2007. The name Grand Gulf Energy is derived from the company’s operating subsidiary in USA.

Grand Gulf Energy has a strong board of directors and management team based in both Perth, Western Australia, Houston, Texas, USA and London UK.

Grand Gulf Energy is focused on low-risk, conventional oil and gas plays in Louisiana, close to existing infrastructure and close to or within existing oil and gas production.

Grand Gulf Energy’s strategy is to apply the expertise and new technology (such as 3D seismic) required to deliver a low risk exploration and development portfolio with potentially high rewards. The company is also focused on forming relationships with organizations that can deliver further acquisition and development opportunities.
 The company’s portfolio of active projects includes the Napoleonville Salt Dome project in Louisiana. For more information, see the Operations section of this website.

ICI – Icandy Interactive Limited today closed up 77% to finish at 5.3c on $7.7m stock traded. There was no news out today but yesterday they announced the completion of a $1.25m capital raising that was done @ 2c by the good boys and girls down at Peak Asset Management. 

Just before lunch today they were handed a speeding ticket with their response being that they were unaware of what’s caused the recent SP movement.

I know the Kin, my broking mate David Kosh has been backing these guys longer than I have been backing horses and I hope this a sign of things to come for you two and any of my clients that still own it.     

Some details on yesterday’s news are listed below:

Completion of A$1.25 million Capital Raising In Heavily Over-Subscribed Placement

Highlights:

iCandy raises A$1.25 million at A$0.02 per ordinary share, in a heavily over-subscribed placement

There was in excess of A$5 million bid for iCandy shares from a number of funds, sophisticated investors and existing shareholders

iCandy’s existing shareholders include Baidu (China’s top-3 internet company), leading Japanese VC Incubate Fund, Animoca Brands and GMGC

Leading Melbourne boutique firm, Peak Asset Management acted as Lead to the placement
iCandy Interactive Limited is pleased to announce that it has successfully completed a A$1.25 million capital raising (before costs) of 62,500,000 new fully paid ordinary shares in the Company (“New Shares”) to sophisticated investors and existing shareholders at A$0.02 per New Share (the “Placement”) utilizing the Company’s available Placement capacity under ASX Listing Rule 7.1 and 7.1A.

55,158,817 fully paid ordinary shares would be issued under ASX Listing Rule 7.1 and 7,341,183 fully paid ordinary shares would be issued under ASX Listing Rule 7.1A.

The Placement received strong support, with more than A$5 million in bids. The management’s initial plan was to raise A$1 million, but increased the Placement amount by 25% due to the positive response from the market. iCandy chairman Kin W. Lau commented “We are extremely pleased with the overwhelming response for the placement.

This demonstrates that there is huge confidence in iCandy leading into the launch of our next suite of games. With the fresh capital, iCandy is now better positioned to expand our mobile gaming and esports business and drive new marketing initiatives in Australia and Asia.”

Investors who subscribed to the Placement will receive 1 free attaching option (“Option”) for every 1 New Share, subject to the approval of iCandy’s shareholders at an extraordinary general meeting to be held. The Options have an exercise price of A$0.025 and will expire on 31 December 2022.

CLA – Celsius Resources Limited today closed up 61% to finish at 3.7c on $3.1m stock traded. The reason they were up today was because they announced they entered into a binding agreement to acquire 100% of Anleck Limited.

Anleck is a private UK company that owns a suite of copper-gold projects in the Philippines through various subsidiaries. 

It’s not one I follow very closely so value add is close to zero depending on what you think of the meme at the bottom.  

Some details on today’s news are listed below:

CELSIUS TO ACQUIRE ADVANCED HIGH GRADE COPPER-GOLD PROJECT

HIGHLIGHTS

Celsius enters Binding Share Sale Agreement to acquire 100% of UK Company Anleck Limited, an entity that owns, through various subsidiaries, a suite of copper-gold projects in the Philippines.

As part of the Binding Share Sale Agreement, Anleck shareholders will become significant shareholders of Celsius and will remain actively involved in the development of the copper-gold projects in the Philippines.

Flagship project is the Maalinao-Caigutan-Biyog Copper Gold Project (“MCB Project”), which contains a large, high grade copper gold porphyry deposit.

Surface exploration at the MCB Project commenced in 2006 and a drilling program was conducted between December 2006 and 2013. A total of approximately PHP511,330,000 (AUD14,480,000) was spent on exploration during the period.

Results from historical drilling at the MCB Project, conducted by Makilala Mining Co., Inc. (MMCI) which was a wholly owned subsidiary of Freeport-McMoRan, one of the world’s largest copper/gold producers, include:

384.00 m @ 1.25% copper & 0.46 g/t gold, within 767.00 m @ 0.77% copper & 0.27 g/t gold 

177.00 m @ 1.98% copper & 0.95 g/t gold, within 630.50 m @ 0.81% copper & 0.32 g/t gold 

186.85 m @ 1.84% copper & 0.86 g/t gold, within 612.00 m @ 0.82% copper & 0.31 g/t gold 

243.30 m @ 1.38% copper & 0.75 g/t gold, within 505.00 m @ 0.87% copper & 0.38 g/t gold 

92.00 m @ 1.80% copper & 1.12 g/t gold, within 680.00 m @ 0.54% copper & 0.20 g/t gold

Maiden JORC compliant Mineral Resource is in progress, and expected to be reported once the in-country COVID quarantine restrictions allow access to the site.

A Scoping Study will commence immediately upon delivery of the JORC Mineral Resource.

Appointment of new Anleck board nominees and management will occur upon completion of the acquisition of Anleck Limited.Acquisition complements current portfolio of greenfield copper-gold assets in Australia and more advanced cobalt-copper project in Namibia.

Cloud Nine over in the Philippines is on my bucket list

FPL – Fremont Petroleum Corporation Limited today closed up 33% to finish at 0.4c on $270k stock traded. There was no news out today and nor has there been since last week when they announced they were on track to complete their acquisition of Trey exploration for the following week (this week).

I would imagine that is what punters are expecting mind you today as you would haveread above there woudl have been 15 small cap oil and gas stocks like these guys who were up today on volume which I found quite strange with oil still at sub $40 a barrel.  

Those that read this would be aware that I own plenty of them for myself, my clients & have averaged down more times than I care too remember but I still have faith in the Crown Jewels. 

I will do a much more detailed note on them in the coming weeks post this transaction potentially settling in the What’s Doing section.    

Some details on last weeks news are listed below:


FREMONT ON TRACK TO COMPLETE TREY ACQUISITION BY NEXT WEEK

Fremont Petroleum Corporation Ltd advises that it expects to complete the Purchase and Sale Agreement (‘PSA’) of the portfolio of producing oil and gas leases located in the Illinois Basin from Indiana-based Trey Exploration, Inc. (‘Trey’) in the next week using existing cash reserves.

This transaction was first reported on 18 June 2020. As previously reported, Trey holds highly prospective production leases and a portfolio of conventional wells that are currently producing ~71 barrels of oil per day in the states of Indiana, Illinois and Kentucky.

Production can be enhanced through low-cost work overs and other field activities, and they add scale to the Company’s Kentucky operations which are also being worked over for enhanced production.

CEO Tim Hart commented: “Finalising this PSA in the coming days is a priority for Fremont. We have re-visited all of the Trey leases in the past week and our confidence in these assets continues to grow both in terms of current production and the upside we can deliver through enhancements.

Once we have completed the acquisition we will provide shareholders with a comprehensive overview of the leases and their full potential.”

SHE – Stonehorse Energy Limited today closed up 33% to finish at 1.2c on $520k stock traded. There was no news out today and nor has there been since earlier this month when they announced workover operations had been completed with gas and condensate recovered to the surface. 

They did get a speeding ticket from the ASX or Constable Chapman around 3:30pm and the response to the query was released during the chocolate wheel (the match) with the same generic response given like the majority of them do.

I also own stock in this just FYI – not big but enough to be happy man today.  

Some details on what they do are listed below:

Stonehorse Overview

Stonehorse currently holds working interests in two wells and has access to a pipeline of well bore interests via its partner and manager of US Operations, Black Mesa Production, LLC

Current daily production from the two producing wells, cashflow positive from re-quotation

A direct investment at the well bore level breaks the nexus between acreage cost and obligations and production and cashflow

Low cost model underpinned by back-in after payout arrangement with a first class technical team in Black Mesa

All future well bore investments at Company’s discretion and subject to rate of return hurdles

No acreage or lease obligations and no debt

Thankfully I do because I may have got a half price service from Occy himself which is why I run so quickly around the tennis court.  

TEG – Triangle Energy Limited today closed up 21% to finish at 3.4c on $1.3m stock traded. There was no news out today and nor has there been for quite some time.

Just before close today they were placed in a trading halt pending a response to the speeding ticket and they have actually said that 

Company is not aware of any explanation for the price change in the Company’s securities, other than to note that State Gas Limited (ASX:GAS), in which the Company has a substantial shareholding (approximately 32.5%), released an announcement today entitled,

“Exponential Increase in Gas Flow at Nyanda – 4 Reids Dome”, in which it is stated that the gas flow rates at its Nyanda-4 well at the Reids Dome Gas Project (PL 231) have increased exponentially since State Gas’s last production update on Friday 11 September 2020.

Good luck to the town planner and anyone else that owns a few.  

Some details on what they do are listed below:

About Triangle Energy (Global) 

Ltd Triangle Energy (Global) Ltd is an ASX listed oil producer and explorer based in Perth, Western Australia.

The Company has a 78.75% interest in, and is Operator of, the producing Cliff Head Oil Field, which includes the Arrowsmith Stabilisation Plant. Triangle also has a 50% share of the Mt Horner L7 production licence and a 45% share of the Xanadu-1 Joint Venture, both located in the Perth Basin.

Triangle also has a substantial equity interest in State Gas Ltd (ASX:GAS), which has a 100% operating interest in the Reids Dome production licence (PL 231) in Queensland. The Company continues to assess acquisition prospects to expand its portfolio of assets.

WWI – West Wits Mining Limited today closed up 19% to finish at 3.1c on $950k stock traded. There was no news out today and nor has there been for quite some time but another one I know the board members of and like the story.  

Some details on what they do are listed below:

About West Wits Mining 

WWI is embarking on a strategic transformation to be the only ASX-listed gold producer with operations in the Witwatersrand Basin and Pilbara (Mt Cecelia & Tambina).

West Wits was originally formed to explore, evaluate and extract gold and uranium from project areas located on the Central Rand Goldfield of South Africa’s Witwatersrand Basin. Historically this Project Area, known to West Wits as the Witwatersrand Basin Project (WBP), collectively produced 31 million ounces of gold over 120 years.

On 16 April 2012 West Wits sold a number of its exploration leases for $9m. Currently West Wits has a 3.26 Moz JORC Mineral Resource Estimate at the WBP down to a depth of 1,500m. The Company is now developing a mine plan demonstrating the WBP can produce 100,000 ounces per annum over a 10 year mine life from surface and underground targets.

The January 2018 acquisition of the Australian Pilbara tenements enables the Company to leverage its extensive in-house conglomerate gold experience to expedite exploration activity in this highly prospective new conglomerate gold frontier to prove up a Reserve.

The purchase of the Tambina project provided access to three existing Mining Leases which will enable West Wits to switch to modern scale mining operations as activity progresses, placing it well ahead of its peers.On 28 July 2011, West Wits acquired the Derewo River Gold Project, located in the Papua Province, Indonesia. This acquisition provided entry into a high grade placer deposit based on evidence from existing artisanal operations.

However the real opportunity and focus of this project will be in the exploration upside of uncovering the source of these high grade alluvial gravels.

BNL – Big Star Helium Limited is up 14% to finish at 3.3c on $330k stock traded. There was no news out today and nor has there been since they announced their leasing update.

A couple months ago they were featured in out What’s Doing section which you can find here.

You have probably never heard about them in here I dare say…..not recently anyway !!! 

https://bit.ly/2BR2QUO

Some details on what they do are listed below:

About Blue Star Helium: 

Blue Star Helium Ltd is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. Blue Star’s strategy is to provide its shareholders with exposure to multiple high‐value helium projects in North America. For further information please visit the Company’s website at www.bluestarhelium.com  

About Helium:

Helium is a unique industrial gas that exhibits characteristics both of a bulk, commodity gas and of a high value specialty gas and is considered a “high tech” strategic element. Due to its unique chemical and physical qualities, helium is a vital element in the manufacture of MRIs and semiconductors and is critical for fibre optic cable manufacturing, hard disc manufacturing and cooling, space exploration, rocketry, lifting and high‐level science. There is no way of manufacturing helium artificially and most of the world’s reserves have 

CYP – Cynata Therapeutics today closed up 11% to finish at $1.025 on $880k stock traded. There was no news out today and nor has there been since yesterday when they announced that an application describing the Phase 1 clinical trial of CYP-001 in patients with graft versus host disease had been accepted for publication in the prestigious Nature Medicine.

Earlier this year I spoke about them in the What’s Doing section and you can find that Rant here if you are interested:

https://bit.ly/2W1g1K6

Some details on yesterday’s announcement are listed below:

Results of Cynata’s World-First Clinical Trial of iPSC-derived CYP-001 in GvHD Accepted for Publication in Nature Medicine 

Cynata Therapeutics Limited, a clinical-stage biotechnology company specialising in cell therapeutics, is pleased to announce that a paper describing the Phase 1 clinical trial of CYP-001 in patients with graft versus host disease (GvHD) has been accepted for publication in the prestigious Nature Medicine.

Background

The published trial results detail the world’s first clinical trial of an allogeneic induced pluripotent stem cell (iPSC)-derived product. CYP-001, Cynata’s lead iPSC-derived mesenchymal stem cell (MSC, also known as mesenchymal stromal cell) product candidate, broke ground by being the first MSC therapy to be produced at scale without the limitation of multiple donors through Cynata’s novel Cymerus technology.

In the clinical trial, 15 patients with steroid-resistance acute GvHD received two infusions each of Cymerus MSCs. The trial was conducted at seven clinical centres in the UK and Australia. Publication in Nature Medicine is recognition of the importance of the findings from this study and the unique nature of Cynata’s proprietary Cymerus technology.

Key Highlights

As previously announced, key results of the clinical trial were as follows:

Overall Response rate by Day 100 was 87% (13/15 patients showed an improvement in GvHD severity by at least one grade compared to baseline)

Complete Response rate by Day 100 was 53% (GvHD signs and symptoms completely resolved in 8/15 patients)

Overall survival at Day 100 was 87%

No treatment-related serious adverse events or safety concerns were identified
The co-corresponding authors of the paper are Professor John Rasko AO (Royal Prince Alfred Hospital, Sydney) and Professor Adrian Bloor (The Christie Hospital, Manchester).

Professor Rasko commented: “iPSC-based technology facilitates the large-scale production of potential cell-based therapies in a robust and consistent manner. iPSCs have the potential to give rise to any cell in the human body.

This represents the first-ever published report of safety and efficacy in a completed human clinical trial using iPSC-derived cells in any disease, worldwide. The acceptance of this manuscript by such a prestigious and high-impact journal underscores the importance of this trial to the field of cellbased medicine.”

What’s Not 

FFR – Firefly Resources Limited today closed down 22% to finish at 18c on $5.6m stock traded. The reason they were down today was because they announced assay results from their Yalgoo gold project in WA which did not seem too bad to me but someone didn’t like them. 

I own stock in this one too and I didn’t sell any of my stock today, I might have even added to my position.  

Wide zone gold mineralisation was found with a standout intercept of 48m @ 1.71g/t from 33m.

Some details on today’s news are listed below:

Outstanding wide, shallow gold intercept and more high-grade hits at Yalgoo

Standout intercept of 48m @ 1.71g/t from 33m and new high-grade hits up to 21.98g/t increase confidence in the Melville deposit, paving the way for maiden JORC 2012 Resource

Highlights:

Further strong assay results received from recently completed maiden Reverse Circulation (RC) drill program at the Yalgoo Gold Project in WA. Significant assay results from the next six RC holes at the Melville Deposit include:

48m @ 1.71g/t from 33m, including 6m @ 5.28g/t from 35m and 9m @ 2.4g/t from 70m, 1m @ 5.72g/t from 93m and 2m @ 21.98g/t from 107m (porphyry vein) (FMRC0004)

4m @ 3.63g/t from 38m, including 1m @ 11.3g/t from 38m, and 1m @ 1.04g/t from 47m and 1m @ 1.07g/t from 64m (FMRC0001)

The intercept of 48m @ 1.71g/t from 33m is the widest “true-width” or “across BIF” intercept drilled to date at Melville and correlates well with a historical “scissor” drill-hole of 56m @ 1.34g/t from 16m (NMRC51), drilled “down-dip” or along the main mineralised BIF unit.

These intersections were drilled at opposing angles to each other and validate the potential for a large volume of consistent shallow BIF-hosted gold mineralisation at Melville.

The results build on the outstanding initial intercepts reported from the first four RC holes last week, which returned standout assays of 6m at 244.9g/t from 50m including 1m at 1,439.55g/t from 51m in FMCR0008 and 13m at 3.65g/t including 4m at 9.19g/t from 119m in FMRC0010.

The first 10 Firefly drill-holes demonstrate the potential for a mixture of large-scale, high tonnage BIF and porphyry-hosted gold mineralisation, as well as high-grade quartz-hosted gold mineralisation at the Melville Gold Deposit.Next phase of the multi-pronged 10,000m drill program is set to resume next week targeting further resource validation and importantly the potential resource growth to the north of Melville along the 8km long “Melville gold trend”, and Melville parallel lodes including follow-up of the new mineralisation position discovered in the first four Firefly drill-holes.

What’s Doing

Yesterday I caught up with Joe Demase the MD of (5GN.asx) to discuss the recent takeover offering made to acquire Webcentral and how things are shaping up for them in the future.

For all you long time readers you would have seen that I wrote a What’s Doing in here back in mid 2018 when it was trading at 50 odd cents and have followed it pretty closely ever since. 

In my opinion young Joe is a bloody good operator and everything he promised me 18 months ago has come to fruition, so well done mate and hope you get the Chocolates with this takeover.   

You can read the old report here if interested and a little Q&A with the great man Joe is below:

https://bit.ly/2FCUulA

5GN.asx      (5G Networks Limited good little Telco story I reckon) 

Rat: Hi Joe so you have raised another $27.5m and you have announced a takeover offer for Webcentral WCG.ASX seems a big move what the go ?

JD Response:

We believe Webcentral is a great asset with over 330,000 business customers. It utilises much of the same infrastructure which we provide. Additionally, WCG sells digital products, aligned to 5GN such as Website site hosting (Cloud services) and Email hosting and services. Importantly, these services can be migrated to our spare infrastructure capacity and 90% of revenue will flow through to EBITDA; that’s $3m to $4m annualised; cost savings will also flow through to WCG. The capital raise will support WCG debt repayments, this funding is also supported by our $10m debt facility with CBA.
 
RR: How will you get to 90/100%, I don’t own that much mate ?  

JD Response: 

The current Web.com offer is $0.10 cents per share. We are offering 1x 5GN share for 12x WCG shares so that translates to around $0.15 – $0.16 cents depending on our share price and we believe this is an attractive offer.  The additional upside is achieved once we complete integration activities and drive our EBITDA program. If we get to 50% or 60% share ownership, we believe we will still achieve compelling synergies to deliver EBITDA growth.

RR: So, what do the numbers look like from a combined entity?

JD Response:
If we get to 100% then combined revenue would be above $115m and EBITDA would be supported via the assumed $7m of synergies. Therefore, in FY21, 5GN is forecasting $8m and the WCG EBITDA we believe is in the range of $5m to $7m, so we are considering $20m EBITDA at the completion of this strategy.

RR: So if I was to calculate a shares price based on those numbers you will have 117m shares on issue and say $20m EBITDA, your sector trades at 15 times and others are higher than that would be market cap of $300m or $2.50 plus a share – is that right ?

JD Response:

Yes that sounds about right its very accretive, we are currently around $1.80 per share.
 
RR: Thanks Scoop – So when do you find out Joe if you get the chocolates ?

JD Response:

Web.com have till Monday night to up their bid otherwise if there are no other offers then the board will support our formalised offer through the bidder statement and we will then activate our plans.
 
RR: If you don’t get WCG what are you going to do with your $50m in cash you have currently, give some to me maybe ? 
 
JD response:

We have a number of other targets at various stages of DD. They have been parked whilst we focus on WCG so we will continue to progress with those once the WCG plan is concluded.
 Rat – that’s great Joe, very insightful mate and I wish you all the best with the acquisition and I reckon they would be mad not to vote it through !!!  

Rat again —–You have made me more bhags for me than my Indian Porn star mate, so you will never hear any complaints from me Camera man Joe and thanks again for your time.    

Go Hard…………. but please stay inside most of the time when you are Going Hard 

We are almost there folks, stop fckn shaking hands would you and humping strangers in isolation while you are meant to be working !!!

I can do it and so can you !!!
Nick Kelso
Wealth Advisor | EverBlu Capital

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Sometimes it feels like I need to disclose to you what I have had for breakfast but anyway and

……..to finish off possibly the worlds longest disclaimer

GO HARD    

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies.  Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization.  We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth.  Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community.  Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

All companies mentioned within traded on the Australian Stock Exchange (ASX)

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  EmergingGrowth.com, or its associates may have a position either long or short in any company mentioned herein. Please read our full disclosure, which can be found here, http://emerginggrowth.com/disclosure/. Please consult an investment professional before investing in anything viewed within this article or any other portion of EmergingGrowth.com. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.

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