Mr. Cooper Group Inc. (NASDAQ: COOP) operates through three segments: The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights. The Originations segment originates, purchases, and sells mortgage loans. The Xome segment offers technology and data enhanced solutions to home buyers, home sellers, real estate professionals.
COOP shares have been sliding since March when Piper Jaffray downgraded the stock from a “Neutral” rating to a new “Underweight” rating.
Mr. Cooper last reported earnings on March 7, 2019. The company reported losses per share of $1.50 on revenue of $252 million during this period. Net loss reported by the company during the quarter was $136 million.
“The Company is coming off a period of strong growth and a very high level of activity in 2018, including the WMIH merger, the name change to Mr. Cooper Group, and three acquisitions,” Mr. Cooper Chairman and CEO Jay Bray said at the time. “Now it’s time for us to integrate these transactions and focus on profitability.”
PRESIDENT & CEO Jesse K Bray bought 52,910 shares of COOP stock on 05/09/2019 at the average price of $9.36. The price of the stock has decreased by 1.28% since.
Vice Chairman & CFO Christopher G Marshall bought 110,000 shares of COOP stock on 05/06/2019 at the average price of $9.08.
Cryptanite Blockchain Technologies Corp. (OTCQB: CRBTF) harnesses blockchain technology to provide secure, real-time peer-to-peer payment systems. Cryptanite’s growing product line includes web and mobile apps, including credit and debit products for fiat and cryptocurrency markets.
In April, the company entered into an agreement with One Feather Mobile Technologies Ltd, a British Columbia-based technology and consulting service provider focused on First Nations communities, to develop a comprehensive suite of blockchain-based software products including Smart Status Cards, vote management systems, member registrar management systems, digital wallets, and financial management and accounting solutions. This consists of a digital solution for First Nation sovereign identity and status card renewal, a government requirement that often remains incomplete due to the nature of the current renewal process. Cryptanite, is providing a development solution utilizing blockchain technologies to enable more efficient status card renewal and status verification.
Additionally, Cryptanite will create OneFeather’s digital wallet, a solution designed to address a number of issues faced by First Nations communities in Canada. Users will be able to register their sovereign identity on the wallet and easily integrate their Smart Status Card. Product features include full support of an inaugural First Nation cryptocurrency and token rewards, along with the ability to verify claims and transactions, issue GST rebate entitlements, and even allow for peer-to-peer transfers with other First Nations.
Furthermore, Cryptanite has been contracted to further develop existing financial management and accounting software for OneFeather. This easy-to-use, cloud-based software is being designed specifically for Canadian First Nations. Featuring Smart Status Card and digital wallet integration, the suite will intend to produce an integrated API compatible with the Canadian Federal Government, allowing for streamlined reporting, auditing, and money transfers.
Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The Trust’s sponsor is Grayscale Investments, a wholly owned subsidiary of Digital Currency Group. As of March 31, 2019, each Trust share represents ownership of 0.00098425 bitcoins.
On June 20th, GBTC announced that trading has commenced for common units of fractional undivided beneficial interest in Grayscale Ethereum Trust (ETHE).
In the second quarter, the price of bitcoin more than tripled, reaching a high of almost $14,000 before cooling down to around $12,000 in the last week of June
Following FINRA approval for a public quotation and DTC eligibility, ETHE is now available to trade on the OTC Markets under symbol: ETHE. Launched in 2017, ETHE is sponsored by Grayscale. ETHE is an open-ended trust that holds Ethereum and derives its value solely from the value of Ethereum. Investors in ETHE can gain exposure to the price movement of Ethereum without the challenges of buying, storing, and safekeeping Ethereum. As of May 31, 2019, each Share of ETHE represents ownership of 0.09641904 Ethereum. ETHE will not generate any income and regularly distributes Ethereum to pay for its ongoing expenses. Therefore, the amount of Ethereum represented by each Share gradually decreases over time.
Grayscale’s investment products are available to institutional and accredited individual investors through their respective ongoing private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC). Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund™, provides exposure to the top digital currencies by market capitalization. As of May 31, Grayscale managed approximately $2 billion in assets.
Vystar Corp. (OTC: VYST) is the exclusive creator of Vytex Natural Rubber Latex (NRL), a multi-patented, all-natural, raw material that contains significantly reduced levels of the proteins found in natural rubber latex and can be used in over 40,000 products, and the owner of RxAir UV light air purification products.
Competitive Edge Services LLC DBA Med Air Solutions (MAS) have signed an agreement this month, whereby Med Air Solutions will white label Vystar’s air purification products that use patented Vystar ViraTech® technology as Med Air Solutions 400, and Med Air will have exclusive rights to market them to the nursing home and medical housing marketplaces, including hotels that are serving the hospital marketplace. Additionally, MAS will have exclusive rights to market the white labeled units throughout the country of Ecuador for one year with the option to extend the contract if certain sales goals are met.
The Med Air Solutions brand is owned by Competitive Edge Services, LLC, which was founded in Nashville, Tennessee in 2014. Med Air Solutions focuses on products that improve air quality utilizing UV-C technology. The Med Air Solution 400 was engineered to fight the common cold, bacteria, mold, influenza viruses, volatile organic compounds like paint and varnish, and odors like pets and smoking. It is designed with patented ViraTech® Air Purification technology that is owned and manufactured by Vystar Corporation.
In late May, the company’s board reached a definitive agreement to acquire Fluid Energy Conversion, Inc. FEC is a global green energy company whose patented and proprietary technologies harness sound energy in unique ways to destroy bacteria and viruses, improve water processing and irrigation, and enhance chemical reactions. Under the terms of the agreement, Vystar will acquire 100% of assets of Fluid Energy Conversion Inc., primarily consisting of its patent on the Hughes Reactor, for $100,000 in restricted common stock (2,500,000 Shares) of Vystar.
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