view the video via the link here: https://youtu.be/dpahVc8an5I
Today we are talking about two potential OTC Stock bangers, with the potential to deliver big profits through planned acquisitions. Tthe first is FernHill Corporation, Ticker Symbol FERN, and the second is Infrax Systems, Ticker Symbol IFXY. We’ll also look at FERN’s recent exciting acquisition of MainBloq and what this could mean for you.
Later in the video, I’ll also share details of the stock’s authorized shares versus float and then look at their stock charts.
We know that, per their recent financial report, FERN is a technology holding company that builds, acquires and incubates businesses in the blockchain, mobile applications, software, Fintech and alternative energy industries. They have a lot going on! And, Fern just announced an impressive new acquisition on November 15th.
The new acquisition is a perfect fit with their acquisition in July 2021, FERN of Crypto Mining Corp, to focus on partnerships and acquisitions in the crypto mining sector. This acquisition had opened the door for FERN to pursue several much larger acquisition targets to enhance their PerfectMIne Crypto Mining Operating System. In August, FERN then contracted with legal counsel to pursue various business, financing and acquisition initiatives.
Before we continue, remember that OTC stocks are highly risky, so I only invest money in OTC’s that I can afford to lose. High risk versus high potential reward. And remember, this is not financial advice, and for entertainment only.
Hi investing friends, this is Lynn, and welcome back!
So Let’s go and review today’s hot stocks!
But first, if you could give it a thumbs-up in return for my efforts analyzing these stocks, it would be greatly appreciated. And, while you’re at it subscribe.
Fern’s November 15th acquisition was of MainBloq, an Institutional Digital Asset Trading Platform. FERN describes MainBloq as a groundbreaking digital asset trading platform serving both banks and hedge funds. MainBloq’s software platform, API and services deliver automated algorithmic trading, smart order routing, and customized trading solutions that optimize digital asset trading operations with connectivity to over 30 crypto exchanges globally. MainBloq’s platform provides institutional capabilities similar to more traditional equities trading platforms.
Marc Lasky, CEO of Fernhill, explained that MainBloq met and exceeded all of the criteria we had put in place for an acquisition. He added, not only is MainBloq an exceptional product, with a world class management team, but their state-of-the-art proprietary technology fits perfectly with FERN’s short term and long-term goals of becoming a leader in the blockchain and digital asset industries. This truly enables Fernhill to become a one stop shop for all things crypto, from mining to trading and beyond.”
Now, FERN plans to develop a larger digital asset mining and trading ecosystem to simplify, optimize and automate the ability for people and businesses globally to participate in the crypto industry.
Fernhill is proud to announce that the acquisition of MainBloq also comes with the addition of three new members to the Company’s Board of Directors, Chris Kern, Peter Bordes, and Ryan Kuiken.
We all know what a big deal it is to install a management team in a company that plans to grow quickly in a new industry. So, let’s dig into how MainBloq’a team can benefit FERN overall.
Chris Kern, Fernhill’s strategic advisor and investor, is a 25+ year technology finance and M&A specialist that has been involved in several high-tech companies as an investment banker, senior executive, board member, investor and advisor where he completed over $650 million in transactions. Chris also has been an investor, advisor and director of strategy for FinTech and blockchain companies such as Latium, RadJav, FogChain, and ClickIPO. Chris will be joining Fernhill as its Chairman of the Board of Directors.
Chris stated that, as a combined force, he’s extremely confident in FERN’s abilities to become one of the leading ecosystems for digital asset mining and trading, and achieving many great things together, including uplisting to the Nasdaq.
Ryan Kuiken, MainBloq’s founder and CEO, has over 10 years of high-level sales and business development experience with companies such as T-Mobile and PayChex. Ryan is also a partner in Bull Run Capital, a private digital asset trading fund focused on DeFi trading. Ryan will oversee and manage the overall execution of the growth plan and vision for MainBloq in coordination with Fernhill,.
Ryan explained that MainBloq was not even looking to be acquired, as they had been diligently working towards perfecting their technology. But, they immediately saw the synergies and long-term benefits to a partnership.
Peter Bordes, MainBloq’s Chairman and Founder, is a 30+ year technology entrepreneur, investor, advisor, board member and trusted growth hacker for public and private companies Peter held a CEO position with Kubient, ticker KBNT, been a Managing Partner of Trajectory Capital, a venture banking and venture investing platform, a Board member and interim CEO for Alfi Technologies, ticker ALFI, as well as serving on the board of directors of Beasley Broadcast Group ticker: BBGI Peter also Chairs the digital transformation committee. He’s an altogether impressive guy! Peter will be joining Fernhill as a member of the Board of Directors.
Peter Bordes said that, our combined teams’ experience, resources and technology give us the core foundational building blocks to build our end-to-end ecosystem of crypto and blockchain applications, and infrastructure to power traditional and digital asset finance.”
Let’s take a quick look at MainBloq’s website. The company provides “Connect Once,” trade everywhere with leading high-performance trade execution infrastructure for digital assets. They offer seamless global liquidity for the best price in each trade, executed instantly.
MainBloq also offers, BESTX Smart Order Routing for instant execution a smart router built for sophisticated Traders This product enables global cross-exchange liquidity, enabling Traders to efficiently trade cryptocurrencies.
MainBloq also offers Institutional Trading Algorithms crafted to enable investors to execute their trading strategies smarter.
Access the largest pool of cryptocurrency liquidity with the company’s FIX 4.4 and 5.0 gateway.
This is impressive, but I was dazzled by Mainbloq’s next benefit. You can see here MainBloq’s live charts in action. Here, you can follow bids by exchange, Asks by exchange and view the combined spot market depth.
Let’s look at how the acquisition announcement affected FERN’s stock chart. You can see on their Yahoo Profile’s chart that the stock’s price zoomed up after the MainBloq acquisition announcement the stock chart dropped off somewhat, most likely due to President Biden’s plan. As part of the President’s infrastructure bill, the plan is to begin having cyptocurrency exchanges cut 1099s to purchasers, in order to curb tax evasion. But then the next day, on Tuesday, November 16th FERN’s stock made a two percent recovery.
Per this OTC short report, short sellers are continuing to hit FERN hard, with a range of 31 to 58 percent of volume shorted over the past five days.
Now let’s talk about our second exciting OTC penny stock. This one has mysterious acquisition plans in the works: Infrax Systems, ticker, IFXY, has taken a brand-new business direction. They formerly engaged in the provision of interrelated operational management, communications, and energy grid related products and services. The company was founded in 2004 and was headquartered in St. Petersburg, FL.
In May of 2021, Infrax Systems switched its business plan. The company is now a brand incubator and accelerator. They plan to build a portfolio of revenue-generating product microbrands and polish the logos, messaging, and marketing strategies to develop new sales channels and awareness and revenues.
Per Infrax’ quarterly report for September 30th, 2021, they summarize the issuer’s business operations In May 2021, when control of the company was transferred to Krisa Management. Krisa plans to bring in new operations which are currently still in the development stage, and which will be announced once fully developed.
If you are invested in IFXY, or considering an investment, it’s important to have confidence in the Krisa Management team.
Krisa Management’s CEO and CFO/Chairman is Carey W. Cooley. From the transfer of Infrax’ assets, Cooley now hold 3.4 billion common shares, which is 62% of outstanding common shares, and 2.4 million or 95% of the preferred shares.
I had to jump onto my linkedin in order to find out more about Krisa’s Carey Cooley. The eighteen years of work experience listed here included:
Carey Colley also worked as the President/CEO of Intellectual Property Marketing Group, for 10 years. He was the CEO of HealthfulNow.com for 3-years, and the COO of the Super Star Learning Company for 4-years.
Colley appears to have deep business experience related to acquisitions and venture funding, which will make it interesting to watch what he does with IFXY.
Regarding IFXY, per their security details: the company has a market cap of 54 million, authorized shares of 6.9 billion and outstanding shares of 5.5 billion. The float is 2 Billion. All of these are large numbers for a company that does not yet have any revenues, and the 2 billion float will make it harder to move the stock on good news.
On a positive note, Carey Cooley tweeted on November 8th that the IFXY launch is getting closer and that they are working hard on a deal to gain his preferred COO. Also, they are currently negotiating deals for two acquisitions – this is good news!
I always love hearing from you, so please let me know in the comments below, what your thoughts are about FERN, IFXY, or any other stock you are liking right now. Also, go to the link in the description below to sign up for our newsletter that will notify you about key stock alerts, and upcoming videos.
Go here to view my penny stocks under $1 playlist to get all the details on the top stock bangers!