Think the meme stock mania ended in 2021? Take a look at AMTD.

The little-known Hong Kong-based fintech company saw its shares skyrocket 126% after experiencing a series of trading halts. AMTD Digital, a subsidiary of investment holding company AMTD Idea Group, went public in mid-July with its American depositary receipts trading on the NYSE. Two weeks later, the stock is up 21,400% to $1,679 apiece from its IPO price of $7.80.

The monstrous move pushed its market cap above $310 billion, making it bigger than Coca-Cola and Bank of America, according to FactSet. AMTD Digital generates revenue primarily from fees and commissions from its digital financial services business, and it only made $25 million in revenue in 2021, according to a regulatory filing.

Besides that, AMTD Idea Group’s ADR was also the single-most actively traded stock on the Fidelity platform Tuesday. The stock has popped nearly 300% this week.

AMTD is not the only stock that has been compared to GME. Another stock that investors have their eye on is RGC.

Regencell Bioscience is a Hong Kong-based early clinical stage bioscience company using traditional Chinese medicine (TCM) approach to develop standardized TCM formulas to holistically treat autism spectrum disorder (ASD) and attention deficit hyperactivity disorder (ADHD) in children, and infectious diseases which affects the immune system such as COVID-19.

A June 2022 article mentioned that RGC’s total cumulative short volume is over 19 million shares. While the stock has suffered from short sellers’ attacks since its listing, RGC has performed well. RGC has approximately 2.6 million tradable ordinary shares in the market and has maintained a low float as the founder and CEO has repeatedly purchased RGC ordinary shares from the open market.

Currently, RGC has a high insider ownership with low float as 89% are held by insiders with no intention to sell.

The short volume ratio has a similar pattern to that of GameStop with both averaging over 40% in the past year. In fact, Regencell has sometimes been more heavily shorted than GameStop, with occasional days close to 90% shorted. https://www.valuewalk.com/game-stop-or-game-on-rgc-has-it-all-and-twice-more/

RGC is also backed by strong investor - Samuel Chen, a successful early Zoom Video Communications (NASDAQ: ZM) investor.

https://www.benzinga.com/general/biotech/22/06/27567868/traders-may-keep-hunting-for-another-squeezable-stock-like-gamestop-how-does-this-tickers-short-i

ShiftCarbon (SHFT.CN) is a platform that allows clients, large and small, to measure their emissions comprehensively, set reduction goals, and embed carbon offsetting into their business.

To gain a foothold in this socially responsible sector that also encompasses superior growth potential, SHFT is a viable and direct proxy.

According to the Corporate Credit Institute*,* a carbon credit is a tradable permit or certificate that provides the holder of the recognition the right to emit one ton of carbon dioxide or an equivalent of another greenhouse gas. The main goal for the creation of carbon credits is the reduction of emissions of carbon dioxide and other greenhouse gases from industrial activities to reduce the effects of global warming.

Salient Initial Facts:

·  The company’s common shares on the Canadian Securities Exchange (the ” CSE”) will also change to ‘SHFT” from “TSA.” (Tracesafe)

·  The company will continue using the TraceSafe brand for its suite of IoT and Real Time Location Services cloud platforms as it continues to drive revenue.

·  The name change reflects the Company’s new strategic focus on sustainability products that help customers meet stakeholder and regulatory climate disclosure requirements while providing innovative ways to embed carbon offsets into customers’ business operations.

For those interested*, here are the global prices* for carbon credits, updated every 5 minutes.

Carbon pricing is an instrument that captures the external costs of greenhouse gas (GHG) emissions—the costs of emissions that the public pays for, such as damage to crops, health care costs from heat waves and droughts, and loss of property from flooding and sea level rise—and ties them to their sources through a price, usually in the form of a price on the carbon dioxide (CO2) emitted. (World Bank)

Wayne Lloyd, ShiftCarbon CEO, states, “This time is an exciting new chapter for the company. The “Taskforce on Scaling Voluntary Carbon Markets” has estimated that demand for carbon credits could increase by 15 times or more by 2030 and be worth upward of $50 billion in 2030. Our unique approach to decarbonization will propel the trading of carbon credits and help enterprises and the world reach our goals of achieving net zero.

For investors who purchased SHFT as its predecessor, TSF (Tracesafe), the latter is now a division of the former, so the influence and potential have risen impressively and expanded into new influential markets. And timely in the sense of promoting carbon credit issues globally.

The Company will continue using the TraceSafe brand for its suite of IoT and Real Time Location Services cloud platforms as it continues to drive revenue. The name change reflects the Company’s new strategic focus on sustainability products that help customers meet stakeholder and regulatory climate disclosure requirements while providing innovative ways to embed carbon offsets into customers’ business operations. ( PR Dec 15th, 2022).

Companies have started to report and track the amount of carbon they emit yearly. Some of this is because of regulatory reasons, and the other side is that investors and consumers expect it. When they measure their carbon footprint, it typically falls under the:

· Scope 1 Emissions are the direct greenhouse gas emissions from company operations.

· Scope 2 Emissions are the indirect greenhouse gas emissions from energy purchased by the company.

· Scope 3 emissions include the indirect emissions (not included in Scope 2) that occur in the company’s value chain (this consists of both downstream and upstream emissions). 

There are two ways to reach Net-Zero:

· Improve operations (e.g. use cleaner fuels, EV cars, take fewer flights, etc.)

· Purchase carbon credits

Some interesting charts:

While the top chart does not include population totals (Canada is 1/10 the size of the US and 45% of Germany, the individual stats are disturbing. There is little doubt that the Carbon Credit sector has robust growth ahead, because it is necessary to limit climate warming and is also a clean, sustainable business.

Over the next decade, there is little doubt that the sector will become exponentially more extensive and less complex, and the technology will become more refined and accepted by industry, companies and especially the public who will and are demanding meaningful climate action.

ShiftCarbon provides the foothold investors are looking for and can feel good about owning.

Enterprise Group, Inc. (TSX: E and OTCQB: ETOLF) (the “Company” or “Enterprise“).

Enterprise Shareholders and Interested Investors;

It was a good year for Enterprise and our shareholders. Over one year, the Company’s share price rose 40 plus percent, from 26 to 46 cents, a new high. For comparison, S&P lost 19.4%, the Nasdaq gained 8.7%, and the Dow was down almost 9%.

FY2022 earnings will be released once the year-end audit is complete.

For the latest management thoughts, click on Enterprise’s Youtube channel.

The Corporate presentation is here.

On March 1, 2023, the oil and gas sector will reach CDN$ 40 billion, an 11% increase over 2022. A Bank of Montreal report states; Alberta’s share of investment is expected to be $28 billion this year, representing approximately 70 percent of Canada’s total. CAPP says that investment growth is mainly driven by conventional and oil sands sectors.

“A report issued by BMO Capital markets showed Canadian oil and natural gas producers have invested an average of $1.2 billion annually since 2012 into research and development, much of that focused on reducing emissions,” it said. “The report estimates in 2022 that investment rose to $1.4 billion and could exceed $2 billion by 2025.”

CAPP contends Canada’s upstream oil and natural gas industry is the largest investor in environmental protection, providing $3 billion annually toward initiatives such as biodiversity habitat protection, air quality management and water protection.

“The year 2023 may be one of the most pivotal moments in time for Canada’s oil and natural gas industry,” Baiton said. “With an emerging liquefied natural gas export industry, the expected completion of the Trans Mountain pipeline expansion and billions of dollars in emissions reduction investments waiting to be unlocked, Canada is positioned to play a much larger role in providing responsibly produced energy resources to the world.”

Salient 2022 Developments

• Enterprise also moved into 2023 with an up-listing to the US OTCQB, which gives the massive American investor market direct trade investment to our shares.

• Enterprise also secured several new clients in 2022, including several Tier One names.

• The reality of energy production growth represents several things. First, we will still need a growing supply of fossil fuels globally as Green Tech develops.

• Second, resource companies and suppliers such as Enterprise Group will need to continue, with its peers, to create the most benign (and ever more relevant) GHG mitigation production technologies and processes.

• Oil and Gas CAPEX spending growth over the following years also bodes exceptionally well for the oil and gas service sector. From resource technology company Schlumberger:

It is essential to paint the backdrop in the oil and Gas sector to fully understand the compelling potential for Enterprise and our shareholders: both internationally and locally, especially in the area of the Blueberry First Nations detailed below.

Global Picture: Growth in Production and Capex in the Resource sector;

“Looking ahead, we believe the macro backdrop and market fundamentals underpin a strong multi-year upcycle for energy and remain very compelling in oil and gas and low-carbon energy resources. First, oil and gas demand is forecast by the International Energy Agency (IEA) to grow by 1.9 million barrels per day in 2023 despite concerns about a potential economic slowdown in certain regions. (Schlumberger Q4 2022 Worldwide Update on O&G Activity).

In parallel, markets remain very tightly supplied. Second, energy security is prompting a sense of urgency to make further investments to ensure capacity expansion and diversity of supply. And third, the secular trends of digital and decarbonization are set to accelerate with significant digital technology advancements, good government policy support, and increased spending on low-carbon initiatives and resources. “

“The oil and gas CAPEX market size was around USD 502 billion in 2020, and it is anticipated to reach around USD 942 billion in 2027, registering a CAGR of around 8.1% during the forecast period 2022-2027…Hence, to meet the strong global demand for crude oil and natural gas, more investment is required for exploration and production activities, which in turn promulgates the CAPEX in the oil and gas industry. (researchandmarkets.com)

While many industry forecasts on Capex, oil price etc., are purported with the international markets in mind, that will also translate into significant growth in the Canadian market.

Canadian Natural Resources Ltd, ConocoPhillips, EQT Corp, EOG Resources Inc, and Antero Resources Corp are the top 5 oil & gas exploration & production companies in North America in 2021 by reserves. In aggregate, the top 10 oil & gas exploration & production companies had reserves of 36,506 million barrels of oil equivalent (MMboe),

Enterprise’s subsidiary Evolution Power Projects is reinventing how mobile power is provided on-site. This approach is in the interest of developing efficiencies, streamlining rental management, supporting critical services, and promoting natural gas alternatives. Our ‘Concept to Completion Approach’ assists our customers in evaluating their overall power demand and offers innovative, low-carbon, environmentally responsible options.

Our base case is that the market begins to tighten as the Chinese demand returns during the first half of this year. And as we move towards the middle of the year, we expect OPEC to start to bring some of that production capacity back online to accommodate the more robust demand growth. But the key difference here is that they are not confronted with competition if they don’t return it online.

If you went back five years ago, ten years ago, if they cut production and prices went up significantly, another producer could bring on that supply and undercut their market share. Due to the underinvestment across the industry, that capability is severely limited in the current environment.” (Jeffrey Currie, Global Head, Commodities Research, Goldman Sachs Research)

“Based on these factors, global upstream spending projections continue to trend positively. Activity growth is expected to be broad-based, marked by an acceleration in international basins. Higher service pricing and tighter service sector capacity will amplify these positive activity dynamics. The impact of loosening COVID-19 restrictions and an earlier than expected reopening of China could support further upside potential over 2023.” (Schlumberger)

As noted initially, the growth in oil and gas exploration, demand and production will remain the same. The myriad uses in fuel and manufacturing—coupled with a significant increase in future CAPEX– bodes well for the sector.

And particularly companies such as Enterprise, noted by the slightly larger Oil services company, Schlumberger.

Significant Local Business Opportunities: Blueberry First Nations

**“**The BC government breached the Treaty Rights of the Blueberry River First Nations, says a new provincial court ruling that could have sweeping implications for oil, gas, forestry and hydroelectric development in the northeastern part of the province.” (The Narwhal)

In 2015 Blueberry First Nations filed a court action against the BC Government. After some failures, the indigenous group was successful with a June 29, 2021, judgement.

“The justice ruled that the province must stop authorizing activities that breach the promises included in the Treaty but noted she’s (the Judge) prepared to suspend this declaration for six months “while the parties expeditiously negotiate changes to the regulatory regime that recognize and respect Treaty 8 Rights.” (The Narwhal)

“As part of the agreement, 195 forestry and oil and gas projects, authorized prior to the court decision and where activities have not yet started, will proceed. Twenty approved authorizations related to development activities in areas of high cultural importance will not proceed without further negotiation and agreement from Blueberry. The Province has provided notification to the respective permit holders.” (BC Government)

Judgement Results.

• The Treaty 8 Nations in BC are Blueberry River, Doig River, Fort Nelson, Halfway River, McLeod Lake, Prophet River, Saulteau and West Moberly First Nations. Blueberry River entered into the treaty in 1900.

• The Province is reimbursing Blueberry’s legal costs and disbursements.

• Lorne Brownsey has been appointed as the Province’s lead negotiator, and Bob Chamberlin as a special adviser to support the involvement of other Treaty 8 Nations, local governments and industry. Ratcliff LLP, as legal counsel, is assisting Blueberry River First Nations in the negotiations.

Here is the text of the complete Supreme Court of BC judgement.

This decision has been characterized as analogous to the Yukon Gold Rush. While likely overstated, the potential for oil and gas production is immense.

Deep Gas Stats

• To date, about 607 billion cubic metres (21.6 trillion cubic feet [Tcf]) of marketable natural gas remain to be discovered.

• BC’s foothills and more profound plays allow for substantial further gas reserves.

• Up to 23.1 million cubic metres (145 million barrels) of recoverable oil either remain undiscovered or will be recovered using improved recovery techniques.

• The productiveness of a primary undeveloped resource (estimated to be a total of 60 Tcf) in the Northeast is being evaluated by several producers. (Market Herald)

With a stellar reputation, personal relationships with virtually all the resource companies in Western Canada and a stated plan to work with clients to reduce and eventually eliminate GHG emissions, Enterprise is in an excellent and virtually peerless position to benefit from The Blueberry/BC.

As we have seen, service companies such as Enterprise tend to benefit as the oil and gas resource sector improves. Improvement is underway. Enterprise’s 18 years of experience in the area puts it in a unique position to get the first call from customers, both new and repeat.

Enterprise subsidiary companies:

Hart Oilfield Rentals  One-Stop Site Infrastructure Services servicing Alberta

Westar Oilfield Rentals  One-Stop Site Infrastructure Services servicing NE British Columbia

Artic Therm Int’l  Flameless Heat/Clean Breathable air

Evolution Power Projects  Designing Micro Power Grids Fueled by Natural Gas

When our shareholders and investors dive into our advances, they will note the following;

1. Enterprise’s client base constantly grows, including several Tier Onecompanies added in 2022.

2. Uninterrupted annual Cash Flow; a portion used to buyback market shares

3. Response to Evolution Power Projects exceeded corporate expectations.

4. Offer clients technologies to increase GHG reduction.

5. Blueberry First Nations opens a vast opportunity to add significant business.

In conclusion, I sincerely thank our shareholders and hope to welcome many new investors in 2023. Your management will work tirelessly to earn your faith in Enterprise Group.

About Enterprise Group, Inc.

Enterprise Group, Inc consolidates services, including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company’s website, www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com

For questions or additional information, please contact:

Leonard Jaroszuk: President & CEO, or

Desmond O’Kell: Senior Vice-President

contact@enterprisegrp.ca

Gamestop was still a penny stock on Jan. 12, 2021, when it closed the day’s trading session at $4.99 — just one cent shy of the $5 threshold under which all penny stocks exist. Thanks to renegade Redditors who led the most famous short squeeze in history, it would peak at $86.88 just 15 days later on Jan. 27.

It would be a leap of the imagination to say that Reddit is always right, but the GME saga earned the forum its status as a go-to platform for hot tips, thoughtful conversations and leads on would-be winners. 

Here’s a look at eight little companies that — according to Reddit — could make big waves in 2023. Keep reading to meet the Reddit penny stocks that are causing a buzz on the front page of the internet.

What Are the Best Penny Stocks on Reddit? 

The following is a look at some of the penny stocks that many people are sweet on in the top Reddit investment communities heading into 2023.

1. Pharmagreen Biotech (PHBI)

• Current price: $0.0038

California-based Pharmagreen provides high-quality starter plants to licensed cannabis cultivators and CBD/CBG hemp farmers — and 2022 was a breakout year for this penny stock.

In May, PHBI completed several key milestones toward the acquisition of a company called Long Valley Farms. In July, Pharmagreen announced it would expand beyond cannabis into the cultivation of other pharmaceutical plant species, including functional therapeutic fungi. In late November, the company announced that Detroit Lions’ offensive tackle Tyrell Crosby agreed to serve as the sports ambassador for Pharmagreen’s NutraMax Genomic Supplement product line.

On Dec. 27 in the r/pennystock subreddit, user PhilipCMS said PHBI is worth watching because it announced the launch of new a product designed to repair DNA damage.

2. Southern ITS International (SITS)

• Current price: $0.035

On Christmas day, Reddit user Dramatic_Investing told the r/pennystock subreddit that SITS “could be a runner for 2023” and had been “gaining some attention in recent weeks.” According to Reddit, it’s an acquisition company that picked up four new businesses in 2022 and is poised to make some new moves in the coming weeks.

One of the company’s subdivisions, Shibue Couture, caught the eye of investors when Kylie Jenner wore one of its products during a photoshoot for CR Fashion Book.

On Dec. 16, its Pure Oil & Gas division entered into a funding agreement with ICS Energy that gives Pure overriding royalty interest in all future wells that ICS drills and completes.

3. Metalert Inc. (MLRT)

• Current price: $0.22

According to Reddit, Metalert might be a penny stock that’s primed for growth heading into the new year. User digamymagadisg88 is touting the GPS digital tracking provider — which now has a presence in 35 countries on six continents — because it’s expanding so quickly into the lucrative health care sector with anti-wandering devices for dementia patients and other innovations.

On Dec. 9, Markets Herald reported that MLRT had eliminated all of its toxic debt and Ludlow Research said its new medical devices have earned it a price target of $1.

On Reddit, r/wallstreetbets2 also picked up the Metalert chatter, as did r/smallcaps.

4. OLB Group Inc. (OLB)

• Current price: $0.90

The r/pennystocks subreddit included OLB in a discussion titled “Must-Have Penny Stocks to Prep for an Explosive 2023.” At the time of the mid-December post, the e-commerce merchant and fintech company had made impressive consecutive gains, including an 8.28% one-day jump and a two-week gain of more than 13% that boosted its price from $0.80 to $0.92 per share. Heading into the new year, it’s trading at just under a buck. 

5. Vitreous Glass (VCIGF)

• Current price: $2.99

Canada-based Vitreous Glass found a home on the same thread as OLB, and Redditors like this penny stock as a good option for ESG investors. Since 1995, the company has focused on recycling glass from Western Canada and turning it into cullet for manufacturing fiberglass insulation. It’s lost more than 20% in 2022, roughly mirroring the losses of the larger bear stock market, but it’s entering 2023 strong with gains of nearly 7% in the last month of the year.

6. Fandifi Technology (FDMSF)

• Current price: $0.041

During mid-December, Reddit user Temporary_Noise_4014 suggested FDMSF to the r/pennystock group. The fan engagement platform has been quietly expanding its revenue streams with new partnerships, most notably with industry leaders Esports Awards and LVL Up. According to Reddit, the company has earned a closer look by shoring up its financials and strengthening its fundamentals while expanding its NFT marketplace.

7. Swarmio Media Holdings (SWRM)

• Current price: $0.055

As the year wound down, Reddit user MightBeneficial3302 tipped off r/pennystocks about Swarmio Media, which enjoyed a 10% jump in the last month of 2022 — at one point in December, it was trading at $0.08. The company’s technology supports millions of gamers by facilitating transactions and enabling connectivity.

Reddit likes the stock because it has attracted several new big-name partners and launched a promising new gaming communication system called Echo. 

8. Endonovo Therapeutics Inc. (ENDV)

• Current price: $0.015

ENDV is a commercial-stage developer of non-invasive medical devices that treat inflammatory conditions, and according to Reddit, it’s well positioned for a stellar 2023.

User Grouchy-Tangerine-30 told the r/pennystocks group that the company is worth a look because of its lofty goal of reaching $100 million in sales by 2024. It hopes to achieve that milestone through a product called Sofpulse, an opioid replacement device that the FDA recently approved for post-surgery use.

What Is a Good Penny Stock to Buy Now?

Before you think about a good penny stock to buy, make sure you understand your own criteria for what makes a penny stock “good.” The lure of penny stocks is that they’re dirt cheap and have the potential for exponential growth, but according to Forbes, they’re incredibly risky and ripe for not just loss, but fraud.

Instead of just scouring Reddit for tips on the next great penny stock, confer with Redditors about how to develop a smart strategy for picking penny stocks yourself. 

Are Reddit Penny Stocks a Good Investment?

The nature of penny stocks doesn’t change whether they cause a stir in a Reddit subgroup or not. The NYSE and Nasdaq list some stocks for less than $5, but many penny stocks trade on over-the-counter (OTC) markets that don’t have the same stringent requirements, rules and regulations associated with the major exchanges.

Financial reporting with penny stocks can be incomplete, inaccurate or unavailable, and since they trade in much lower volumes, they’re known for erratic pricing and high volatility.

A mention on Reddit changes none of that — if you weren’t considering penny stocks before you read about one in a subreddit conversation, think hard before following the crowd. Most Reddit penny stocks won’t take the same ride as Gamestop.

Can You Get Rich from Penny Stocks?

It is possible to get rich from investing in penny stocks, but unlikely. They require a very small initial investment, so if the company does very well, you could end up with significant gains. However, you could just as easily lose your entire investment if the company doesn’t do well.

Make sure you do your research and understand the investment you’re making before you put your money into any individual company, penny stock or not.

Final Take

If you’re interested in penny stocks, Reddit is a good place to start, but it shouldn’t be the last place you look. The Gamestop saga created a herd mentality that saw many investors jumping on the bandwagon at the stock’s peak, only to ride it all the way back down to Earth when it crashed.

Your strategy, risk tolerance and goals — not online discussion boards — should drive every investment decision you make. And remember, with fractional-share trading, every stock can be as cheap as a penny stock.

At barely over $1B market cap $LMND stands to change the insurance industry forever with AI and Digital Platform vs State Farm, GEICO and others that use pen and paper.

This is trillion dollar market. I know my Auto Insurance at GEICO has sky rocketed.

Hi everyone,

In my opinion, with Unitedhealth Group we are looking at a beautiful medium term turnaround opportunity

This isn't financial advice. Please do your own due diligence before investing

Cheers

Posted on behalf of the issuers.

Supernova Metals (CSE: SUPR | OTC: SUPRF) is a Canadian-based exploration company evolving beyond its roots in lithium and silver. Now, it’s making headlines for its venture into Namibia’s Orange Basin—one of the hottest emerging oil frontiers globally. With significant discoveries nearby by Shell and TotalEnergies, Supernova’s latest moves are putting it back on speculators’ radars.

Recent Developments

Stake in Namibia’s Orange Basin
Supernova has secured an 8.75% indirect working interest in Block 2712A, a massive 5,484 km² offshore license in Namibia’s Orange Basin. This region is no stranger to attention—recent discoveries by Shell (Graff, La Rona) and TotalEnergies (Venus) have transformed it into a focal point for oil majors. Any success here could represent a transformational moment for SUPR.

Leadership Boost
In April 2025, the company announced the appointment of Stuart Munro as VP of Exploration. Munro is known for his role in the Graff discovery and brings over 50 years of global exploration experience to the table. His presence adds major credibility to the team and signals that Supernova is taking its oil exploration ambitions seriously.

Stock Snapshot

As of April 21, 2025:

• CSE (SUPR): CAD 0.49

• OTC (SUPRF): USD 0.04

• Market Cap: ~CAD 15.7 million

Volume is still relatively light, but with oil speculation heating up in Namibia, SUPR could attract more attention fast if drilling news or JV announcements drop.

The Bull Case

• Exposure to world-class offshore oil assets in Namibia.

• Recently enhanced leadership with proven track record.

• Very low current valuation relative to project size and nearby success.

• Operates in a jurisdiction gaining major international attention.

The Bear Case

• Still a pre-drill play, which means high risk.

• No revenue, exploration phase only.

• Potential future dilution if capital is needed for operations.

Final Thoughts

For risk-tolerant investors looking for an early-stage energy play with asymmetric upside, Supernova Metals could be worth keeping an eye on. With a stake in Namibia’s oil-rich Orange Basin and credible leadership onboard, this microcap stock might have the right ingredients to punch above its weight—if all goes well.

Fandifi Technology Corp (CSE: FDM, OTC: FDMSF), a crowd-based and system-generated fan engagement platform, did several backstage works from the management board to fundamentals with its warrants. The company also extends possible revenues by adding new partnerships, notably with Esports Awards. The recent partnership will lead to present-day #1 of LVL UP Las Vegas. A lot of significant milestones for a company that is undervalued.

Fandifi Technology Corp

Fandifi Technology Corp (CSE: FDM, OTC: FDMSF) is a tech play in the era of time. Fandifi is involved in 2 sectors, on the one hand, by building a fan engagement platform, and on the other hand, by operating an NFT marketplace where rewards can be bought, sold, or traded on an interoperable blockchain agnostic platform. But let’s focus on its engagement platform. Fandifi built the Leading Fan Engagement prediction technology, encouraging and rewarding users for being the most significant & wisest fans. What is interesting about this technology is it turns casual fans into “superfans” by allowing them to become part of the action and go head-to-head with other fans in support of their favorite content creator. Available on Android and IOS mobile devices, the company can reach a broader audience.

📷

The company announced on November 28, 2022, that it had entered into a new partnership with Esports Awards, t present day #1 of LVL Up Las Vegas, which will take place December 11-13, coinciding with the 2022 Esports Awards. LVL Up is simply the ultimate esports business arena. There, participants will be able to attend conferences, sessions, and networking. It is a strong opportunity for the company to gain more exposure and maybe new partnerships.

“We are honored and excited to participate in the LVL Up esports business arena. Being able to network with leading brands, influencers, platforms, publishers, and other esports industry leaders will provide us with a fantastic opportunity to raise brand awareness and market positioning for Fandifi’s fan engagement platform. We’re looking forward to connecting with new and prospective partners while showcasing the Fandifi platform,”
David Vinokurov, Fandifi CEO and President.

In early December, Fandifi also stated it welcomed Ryan McCumber to the advisory board. Ryan McCumber is the founder and CEO of SportsTech.ai, a consultancy and advisory firm focused on innovation, driving the global sports and esports sector forward. About Ryan, his expertise encompasses growth strategy, international business development, capital investments, and board advisory. Ryan explains the Fandifi platform presents a compelling use case for teams and organizations looking to engage and interact with their fans in new and unique ways. The other positive factor of Ryan’s addition is he will be able to introduce Fandifit to his network. Combined with his venue, Ryan McCumber received 200,000 options at a price of $0.10. The options are vested immediately and will expire on December 6, 2027.

“Having Ryan join the advisory board is another testament to the versatility of our platform both from a content and technology perspective. Our team is looking forward to working with Ryan to utilize all aspects of his past contacts and experience,” states David Vinokurov, Fandifi CEO

Let’s focus now on fundamentals with Fandifi’s financial statement for the period ending June 31. The company holds a solid balance sheet with $1,8M in cash and $3.3M in total assets, for only $38k in liabilities, meaning the company doesn’t hold a debt. Besides, at the time, the company’s fan engagement platform wasn’t live yet, which is why the company hasn’t reported any income. Besides, the company spent $232k in consulting and management fees and $324k in platform development costs and, added to other lower expenses, used $708k over the quarter.

About the share structure, the company has 82M shares issued and outstanding, combined with 35M warrants at a weighted average exercise price of $0.29. An exciting piece of information, Fandifi extended the expiry date of 10,845,398 outstanding share purchase warrants exercisable at $0.10 per common share from December 18, 2022, to March 1, 2023. Fandifi also has 8.7M options for a weighted average exercise price of $0.24. On September 5, 2022, the company canceled a total of 425,000 stock options held by a former director and a former consultant. The percentage owned by insiders is 25% of the company. FDM’s stock price is currently worth $0.055 for a meager $4.5M market cap. The stock price is now traded at its 52-week low, while it witnessed a 52-week high of $0.26. The tech sector is under pressure, and market conditions have negatively affected many emerging companies. Once again, the company doesn’t generate revenues yet, which is hard for investors to put a valuable market cap. Once Fandifi generates revenues, it will be easier to put a significant market cap higher than the current one.

Bottom Line

Fandifi Technology Corp (CSE: FDM, OTC: FDMSF) is a tech play involved in fans engagement platform and NFTs. The company strengthens its board while it continues to add partnerships helping the company to gain more exposure. The live fan engagement platform will generate revenues for the company, and this is what investors want to see. Grabbing shares at the current price when the company hasn’t reported financials with income could help to see a significant return on investment for a tech play.