TNS Reports on Stocks with Near Term Catalysts in the Works

TNS Reports on Stocks with Near Term Catalysts in the Works

The Timing Looks Perfect for our New Featured Stock Report Given the Current Environment (coming Oct. 5, 2022)

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September was a brutal month for many NASDAQ stocks including EV player Mullen Automotive, Inc. (NASDAQ: MULN). The company just announced their Mullen FIVE “Strikingly Different” U.S. tour where pre-registered people can test drive their Mullen FIVE EV Crossover. In Spring 2023, Mullen will launch the second leg of the “Strikingly Different” Tour with a focus on the East Coast, Midwest, and northwest. The second leg of the tour will feature the Mullen FIVE RS, which is a high-performance EV sport crossover, featuring 1,100 horsepower, a top speed of 200 mph and acceleration from 0-60 mph in just 1.9 seconds.


On September 7th, 2022, Bollinger Motors become a majority owned EV truck company of Mullen Automotive. Bollinger had recently announced it has teamed up with Wabash, a leading truck body and trailer manufacturer, to develop a stronger, lighter, refrigerated truck body on an electric chassis. Wabash has developed a lightweight composite technology, EcoNex™ Technology, for use in truck bodies and trailers that will seamlessly integrate with Bollinger’s Class 4 electric chassis cab. This is Mullen’s first EV acquisition and propels the Company into the medium-duty truck classes


With their lead product leronlimab already in late-stage clinical trials CytoDyn Inc. (OTCQB: CYDY) announced last week that it will refocus its leronlimab development on specific indications and abandon Covid-19 from its pipeline. Following difficulties with the FDA earlier in the year that placed some of their clinical trials on hold, CYDY has a new leader Cyrus Arman, Ph.D., at the helm as President.


“Going forward, our external persona and corporate brand is going to evolve and align with our new strategy,” Arman recently. Part of that new strategy includes shedding all pipeline projects that aren’t in oncology, HIV or NASH. That means the company will no longer be pursuing leronlimab as a potential treatment for COVID-19, graft-versus-host disease, stroke, or multiple sclerosis. Arman has also said the company is committed to maximizing shareholder value and that any buyout offer would be considered.


Sysorex, Inc. (OTCQB: SYSX), a provider of technology services to the U.S. government, and a leading Ethereum miner, has just had a shareholder vote that may result in a near term name change and a change in the company’s share structure. SYSX has a current market value of $1.48M but the Company’s assets and revenues are reported at much higher levels.


STSX reported revenues of $19.2M (ttm) and assets of $18M (mrq). Just those two financial metrics could lead investors to question the current market valuation of the company.


Wayne Wasserberg, CEO has stated, “Sysorex firmly believes in the future of the Ethereum Blockchain and the viability of our Sysorex Government Services business. In an 8-K filing dated September 29, 2022, the company reported the following developments approved at their annual shareholders meeting:


Change the name of the Company from its current name, Sysorex, Inc., to SystemX, Inc.


Increase the total number of authorized shares of the Company’s capital stock from 510,000,000 shares to 3,010,000,000 shares


A reverse stock split of the Company’s outstanding shares of common stock, at a ratio of no less than 1-for-500 and no more than 1-for-1,000


Decrease the total number of authorized shares of the Company’s capital stock from 3,010,000,000, (assuming that the Reverse Stock Proposal is implemented), to 510,000,000 shares


Industrial Nanotech, Inc. (OTCPNK: INTK) recently updated shareholders on its move to expand its business into Dubai. The company has created a plan acceptable to all participants to work together and establish the application protocols and certifications for the company’s existing products and cement the company’s position as a thought leader in the region for sustainable solutions.


The Company’s US and UAE offices have already lined up the following projects:


1) Oil & Gas Project: Eleven facilities for the Kuwait Oil & Gas Company, $2.2 million dollars US per facility, beginning Q4 2022, estimated $22 million dollars US over 24 months.


2) First Phase of Residential Project: Villas in UAE with Alateed, $44,730.00 US.


3) Municipal Project: Exposed metal surfaces on municipal project in Riyadh, Saudi Arabia, for AIC, $28,200.00 US.


In addition to the focus on Middle Eastern revenue-producing projects, the Company intends to approach, high-net-worth individuals and funds in the Middle East offering them the opportunity to add INTK stock to their portfolio. The Company anticipates that Middle Eastern investors purchasing INTK shares on the OTC will enhance shareholder value and offset current stock market weakness in the US.


The Traders News Team

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