Monthly Archives: January 2018

IMPORTANT STOCKHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Advanced Auto Parts, Inc. – AAP

BALA CYNWYD, PA / ACCESSWIRE / January 31, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims of violations of federal and state securities laws by Advanced Auto Parts, Inc. (”Advanced Auto Parts” or ”the Company”) (NYSE: AAP – News).

Click here to learn more http://www.brodskysmith.com/cases/advanced-auto-parts-inc-nyse-aap/, or call: 877-534-2590. There is no cost or obligation to you.

On August 15, 2017, shares of Advanced Auto Parts stock declined $22.24 per share, or over 20.3%. This substantial loss by Advanced Auto Parts shareholders was caused by Advanced Auto Parts reporting disappointing second quarter results, including comparable store sales for the quarter being flat, and reduced financial and operational guidance for fiscal 2017. The investigation seeks to determine both the cause of these disappointing results and when this information became known to Advanced Auto Parts.

If you own shares of Advanced Auto Parts stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/advanced-auto-parts-inc-nyse-aap/, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 487491

Covering the Blockchain Gamut: Global Blockchain Keeps Foot on Investment Gas Pedal

VANCOUVER, BC / ACCESSWIRE / January 31, 2018 / Blockchain may have been around for going on a decade, but it has only recently started to capture the attention of investors that are very slowly starting to see its near limitless potential. While it’s the word that everyone knows, cryptocurrency (i.e. Bitcoin, Ethereum, etc.) is just one application for blockchain. Companies are now beginning to demonstrate their vision in all the other ways that blockchain can reshape our world today from individuals to industrial-scale. The potential certainly has not escaped leadership at Global Blockchain Technologies (CNSX: BLOC)(OTC PINK: BLKCF), a company that is standing out as a leader in the space with a diversified and aggressive investment strategy that is giving investors exposure to the entire blockchain ecosystem.

This is Disruption at its Core – A Trillion Dollar Market

People all too frequently use the word ”disruptor” to try and give a sense of importance to a technology. Blockchain, however, epitomizes the idea of a technological disruptor. It’s not some sort of je ne sais quoi, it’s very definable attributes as a decentralized ledger that transcend nearly every industry and BLOC management is moving with light speed to get in on the ground floor of some of the most exciting, near-term opportunities as an incubator, accelerator and investor.

The world is starting to get a glimpse of blockchain uses. Just last week ocean cargo giant A.P. Moller-Maersk and technology powerhouse International Business Machines (IBM) announced a joint venture to develop a blockchain-based global trade digitization platform. The plan is to bring blockchain into an industry starved for innovation that involves the shipment of $4 trillion in goods each year.

”A distributed ledger technology, blockchain establishes a shared, immutable record of all the transactions that take place within a network and then enables permissioned parties access to trusted data in real time,” the companies said in a statement on the partnership, summing up the value in a matter of a few words.

Kodak (KODK) saw shares skyrocket four-fold this month after saying it is launching a platform called KODAKOne and KODAKCoin, new technology and digital tokens designed to help people protect copyrights to images. Overstock.com (OSTK) has already jumped into the blockchain space via is subsidiary tZERO. Kodak intends to launch its KODAKCoin through tZERO’s much-anticipated security regulated ICO (initial coin offering) exchange, making it the first third-party cryptocurrency to do so.

Retail investors didn’t have a chance to get a piece of the KODAKCoin at the enviable pre-ICO stage, but Global Blockchain did, subscribing for all 8 million KodakCoins that were available, making them the lead investor in the new coin.

”This is about sovereign identity. Kodak was an embattled camera maker that has regained relevance and has the opportunity to displace companies that overran them by empowering artists to protect what is rightfully theirs,” said Global Blockchain President Shidan Gouran in a call with Baystreet.ca.

”This is just the tip of the iceberg,” he added. ”We’re working with companies that are building a variety of tools to make transactions frictionless, data tamperproof and intermediaries obsolete, while at the same time making the information transparent. It’s a revolutionary, once-in-a lifetime opportunity and we’re not going to relent in aiding its development.”

A Multi-Heading Investing Monster in 2018: Photos, Parts, Mining, Gaming

The new year is only about three weeks old and Gouran’s mission statement is clear in their news stream. The Canada-based company’s subsidiary, Global Blockchain Mining Corp., received regulatory approval to complete its purchase of 6,666 Antminer S9s, the preeminent cryptocurrency mining machines today, from Beijing’s Bitmain Technologies for $20.0 million, with delivery expected in March.

Cryptocurrency miners are paid for solving complex cryptographic equations, puzzles if you will, to validate data that is put into a ”block,” stamped with data connecting it to a preceding block and added to the ”blockchain.” Every block in every blockchain, regardless of application must be mined. In the case of Bitcoin, the current payout is 12.5 Bitcoin to the company that solves the equation first, with new blocks created about every 10 minutes. At $12,500 for a Bitcoin, each puzzle is worth $156,250, delivering a fast return on investment for successful miners.

Global Blockchain isn’t taking the traditional mining strategy. Instead it is leveraging the value of the machines as a bargaining chip to use as investment in promising mining companies. For instance, BLOC has a $10 million commitment for a stake in Coinstream Mining Corp., who will accept the equipment as payment. Similar arrangements give the company and its investors indirect exposure to the mining space and its lucrative compensation without devoting resources to the energy-intensive infrastructure.

The company has also recently made a strategic investment in high-performance semiconductor company Spectra7 Microsystems (TSX: SEV). Late in 2017, Spectra7 released a new product line optimized specifically for blockchain processing data centers. Branded BCI-2500, the products enable copper cables up to 3x the reach of passive copper cables at dramatically low power levels than other products today.

Bitcoin mining data centers are little more than rack upon rack of computers designed to do nothing else but solve the cryptographic problems. To that point, the main monthly expense is the energy that they use running 24/7/365 and other energy to try and keep them cool, a bill that can run into the hundreds of thousands of dollars every month. A superior product (up to 80% less power consumption than competitors, scalable server and switch line rates, and lower price tag than inferior competitors) that can lower that expense in any fashion while improving efficiency is of great demand to miners worldwide. The BCI-2500 product line is a first-in-class product to address this need. Global Blockchain, or GBT for short, has a piece of that pie now via participation in a private placement that resulted in the company receiving 2,000 senior unsecured convertible debentures with a principal amount of C$1,000 each and 2.85 million warrants to purchase shares of SEV at 50 cents each through January 9, 2021.

Last week, GBT agreed to invest $2 million in Millennial Esports Corp. (GAME) through participation in a private placement, giving the company exposure to gaming, an industry lauded as a prime target to incorporate blockchain technology. The investment comes as Millennial is acquiring 82% of Eden Games, the maker of the wildly popular racing game franchise Gear.Club. The mobile version of the game has been downloaded more than 6.5 million times. In November a console version of the game called Gear.Club Unlimited was released for the Nintendo Switch, the most popular gaming console during the holiday season, which has sold more than 10 million units worldwide. PlayStation and Xbox versions are being developed.

Millennial is expanding into the blockchain space, planning to launch its own token and announcing a new division focused on the creation and implementation of blockchain-based ”in-game and cross-platform” game and digital content tokens. As with the KODAKCoin, GBT intends to be the lead investor in the initial token offering with an investment of $5 million.

Between the more than 20 million viewers of Eden Games’ O’Gaming platform and the almost 7 million users Gear.Club, the content tokens will be introduced to a passionate gaming community.

Investors have been giving a lot of value to companies getting their heels dug in the blockchain/gaming space. For example, Enjin hosts a community of millions of gamers and wants to have ownership of game items built on the Ethereum blockchain as well as a smart wallet. Game developers turn ENJ coins into game assets and players can liquidate the assets back into ENJ currency at any time. Earlier this month, the Enjin Coin had a market cap of $366 million.

UniKoin Gold, a newer version of UniKoin Silver, is a little vague in its strategy, but it appears aiming to become a leader in casino-like payment token and gambling platform. According to reports, they are keeping control of 80% of their tokens, which makes little sense. Still, earlier this month UniKoin Gold tokens had a market cap of $292 million.

This should lend some color to the value and vision of Global Blockchain management to take a stake in a company that already has a massive audience in the Eden Games’ faithful and make you scratch your head about a market cap of only $52 million for BLOC.

For the initial $2.0 million investment, Global Blockchain purchased 2.86 million units of Millennial Esports Corp. at a price of $0.70 per unit. Each unit consists of one common share and one half of one warrant, with each warrant is exercisable at $1.20 per share for a period of 24 months.

The Certainty of Blockchain

Blockchain is a real anomaly in the investment space. There seems to be almost no scenario in which it will fail to transform the world. It is the 1996 Internet on steroids and likely will be bigger than the vaunted Internet of Things (IoT). It makes all the Virtual Reality (VR) hype look like a side note to the 2010’s.

”It’s interesting that some pundits hypothesize that Bitcoin will fail, while others see it going to $100,000 or more and then there’s noise about China and South Korea and cryptocurrencies,” said Gouran during the call. ”The one thing I never hear anyone talking about is blockchain disappearing; all I hear about is new investments in the technology that can turn countless industries on their heads. That’s what we’re passionate about. We’re excited about the future and ecstatic about the diverse portfolio that we are building and the fact that we’re giving everyday retail investors access to the opportunity on the ground floor.”

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Baystreet.ca assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Baystreet.ca has been compensated four thousand dollars for its efforts in presenting the BLOC profile on its website and distributing it to its database of subscribers. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

Contact:

Aaron Bodnar
aaron@baystreet.ca

SOURCE: Baystreet.ca Media Corp.

ReleaseID: 487492

FEBRUARY 5TH DEADLINE: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against OSI Systems, Inc.

LOS ANGELES, CA / ACCESSWIRE / January 31, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against OSI Systems, Inc. (”OSI” or ”the Company”) (NASDAQ: OSIS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between August 21, 2013 and December 6, 2017, inclusive (the ”Class Period”), are encouraged to contact the firm before February 5, 2018, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the lawsuit, the Company issued misleading statements and/or failed to disclose that: (1) OSI acquired the Albania concession through bribery or other illicit means; (2) OSI transferred 49% of its project company associated with the Albania concession, S2 Albania SHPK, an entity allegedly worth millions, for consideration of less than $5.00; (3) OSI engaged in other illegal acts, including improper sales and cash payments to government officials; (4) these practices caused OSI to be vulnerable to potential civil and criminal liability, and adverse regulatory action; and (5) as a result, defendants’ statements about OSI’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis. When the truth was revealed to the investing public, shares of the Company fell sharply.

The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487532

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against TESARO, Inc.

LOS ANGELES, CA / ACCESSWIRE / January 31, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against TESARO, Inc. (”TESARO” or ”the Company”) (NASDAQ: TSRO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between March 14, 2016 and January 12, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before March 19, 2018, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the lawsuit, the Company failed to disclose: (i) substantial undisclosed health risks, including anaphylaxis and anaphylactic shock, were associated with TESARO’s intravenous formulation of Varubi; and (ii) as a result, TESARO’s shares traded at artificially inflated prices during the Class Period. When the truth was revealed to the investing public, shares of the Company fell sharply.

The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487531

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Capitala Finance Corporation of Class Action Lawsuit and Upcoming Deadline- CPTA

NEW YORK, NY / ACCESWIRE / January 31, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Capitala Finance Corporation (“Capitala” or the “Company”) (NASDAQ: CPTA) and certain of its officers. The class action, filed in United States District Court, for the Central District of California, Western Division, and docketed under 18-cv-00052, is on behalf of a class consisting of investors who purchased or otherwise acquired Capitala securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Capitala securities between January 4, 2016, and August 7, 2017, both dates inclusive, you have until February 26, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Capitala Finance Corporation is a business development company that invests primarily in first and second liens, subordinated debt and, to a lesser extent, equity securities issued by lower and traditional middle-market companies.

Capitala Investment Advisors, LLC (“Capitala Investment Advisors”) manages the Company’s investment activities. The Company’s Board of Directors supervises the Company’s investment activities. The Company’s executive officers are part of Capitala Investment Advisors’ management team.

Under the Company’s investment advisory agreement with Capitala Investment Advisors (the “Investment Advisory Agreement”), the Company pays Capitala Investment Advisors an annual base management fee based on the Company’s gross assets as well as an incentive fee based on the Company’s performance.

On January 4, 2016, the Company announced that Capitala Investment Advisors agreed to voluntarily waive its quarterly incentive fee.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Capitala Investment Advisors had been losing professional talent in both underwriting and portfolio management due to the waiving of its incentive fee; (ii) such loss of talent negatively impacted the quality of the Company’s investment portfolio; and (iii) as a result, Capitala’s public statements were materially false and misleading at all relevant times.

On August 7, 2017, the Company revealed during aftermarket hours that six of its investments were on non-accrual status—twice as many as in the previous quarter.

On August 8, 2017, the Company’s Chief Executive Officer Joseph B. Alala III revealed that Capitala Investment Advisors had been losing professional talent in underwriting and portfolio management since waiving its incentive fee, which resulted in a rising number of nonaccrual investments.

On this news, shares of the Company fell $3.82 per share, or approximately 30%, over the next three trading days to close at $8.99 per share on August 10, 2017, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

SOURCE: Pomerantz LLP

ReleaseID: 487509

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Ekso Bionics Holdings, Inc. of Class Action Lawsuit and Upcoming Deadline – EKSO

NEW YORK, NY / ACCESSWIRE / January 31, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against EKSO Bionics Holdings, Inc. (”Ekso” or the ”Company”) (NASDAQ: EKSO) and certain of its officers. The class action, filed in United States District Court, for the Northern District of California, and docketed under 18-cv-00212, is on behalf of a class consisting of investors who purchased or otherwise acquired the securities of Ekso between March 15, 2017 and December 27, 2017, both dates inclusive (the ”Class Period”). Plaintiff seeks to recover compensable damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the ”Exchange Act”) and Rule 10b-5 promulgated thereunder.

If you are a shareholder who purchased Ekso securities between March 15, 2017, and December 27, 2017, both dates inclusive, you have until March 5, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at
rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and quantity of shares purchased.

[Click here to join this class action]

Ekso Bionics Holdings, Inc. designs, develops, and sells exoskeletons for use in the healthcare, industrial, military, and consumer markets in North America, Europe, the Middle East, and Africa. The Company operates through Medical Devices, Industrial Sales, and Engineering Services segments. It primarily offers Ekso GT, a bionic suit that provides the ability to stand and walk over ground to individuals with spinal cord injuries, hemiplegia, and lower limb paralysis or weakness.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Ekso had a material weakness in its internal control over financial reporting; (ii) accordingly, Ekso’s disclosure controls and procedures were not effective; and (iii) as a result of the foregoing, Ekso’s public statements were materially false and misleading at all relevant times.

On December 14, 2017, Ekso filed a current report on Form 8-K with the SEC, advising investors that ”the Company’s internal control over financial reporting as of December 31, 2016, should no longer be relied upon and that a material weakness in the Company’s internal control over financial reporting existed as of such date.” Specifically, Ekso stated that its announcement was due to a reevaluation of the Company’s information technology (”IT”) controls by OUM & Co. LLP (”OUM”), the Company’s auditor. Ekso stated that it intended ”to amend our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and our Quarterly Reports on Form 10-Q for the periods ended March 31, 2017, June 30, 2017 and September 30, 2017 to reflect the conclusion by management that there was a material weakness in internal control over financial reporting and that our disclosure controls and procedures were not effective as of the end of the periods covered by these reports.” On this news, Ekso’s share price fell $0.15, or 6.17%, to close at $2.28 on December 15, 2017.

On December 27, 2017, post-market, Ekso filed an amended annual report for 2016 and amended quarterly reports for the first three quarters of 2017 on Form 10-Q. On this news, Ekso’s share price fell $0.34, or over 13%, to close at $2.23 on December 28, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 487508

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Ballard Power Systems Inc.

LOS ANGELES, CA / ACCESSWIRE / January 31, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ballard Power Systems Inc. (“Ballard” or “the Company”) (NASDAQ: BLDP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between September 30, 2016 and January 25, 2018, inclusive (the “Class Period”), are encouraged to contact the firm before March 28, 2018, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the lawsuit, the Company failed to disclose that: (1) Ballard overstated the operations of its China-based partners Broad Ocean and Synergy; (2) there are no demonstration lines operating in Guangdong and no bus lines are in service in Sanshui or Yunfu; (3) Foshan has produced far fewer buses than Ballard has indicated, and only 11 are licensed; and (4) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the truth was revealed to the investing public, shares of the Company dropped sharply.

The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487528

GPRO SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving GoPro, Inc. and a Lead Plaintiff Deadline of March 12, 2018

NEW YORK, NY / ACCESSWIRE / January 31, 2018 / The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased GoPro, Inc. (“GoPro”) (NASDAQ: GPRO) securities between August 4, 2017 and January 5, 2018.

Click here to learn about the case: http://www.wongesq.com/pslra-sb/gopro-inc?wire=1. There is no cost or obligation to you.

According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (1) the market prospects for Karma were untenable due to margin challenges in an extremely competitive aerial market and a hostile regulatory environment in Europe and the United States; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times. On January 8, 2018, GoPro announced it will reduce its global workforce by 20% and is exiting the drone market “after selling its remaining Karma inventory.”

If you suffered a loss in GoPro, you have until March 12, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/gopro-inc?wire=1.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

ReleaseID: 487527

FireLotto Launches the First Truly Transparent Blockchain Based Lottery Platform

NICOSIA, CYPRUS / ACCESSWIRE / January 31, 2018 / Tavaron Media Group, a Cyprus-based Fintech company with interests in the online gaming industry, has just launched FireLotto. It is the world’s first truly transparent blockchain lottery platform. In early January 2018, pre-sales of the company’s ICO tokens commenced and is expected to be concluded in a couple of weeks.

The lottery industry commands 29% of revenues in the gaming industry worldwide. Lottery revenues have grown worldwide from $187 billion in 2004 to $294.3 as at 2016, with only one losing year in that entire period. This shows the massive potential in the lottery business. Digital and mobile technology are driving growth in the B2C and B2B segment of the lottery business. However, the lottery business is dogged by peculiar challenges, chief of which is the question of fairness of games and transparency of the gaming platform. Specific concerns voiced by lottery players border on:

Validity of lottery tickets
Integrity of the random number generation (RNG) system
Possibility of manipulation of lottery numbers
Promptness of payouts

There is also the challenges of lottery platforms not being available or legal in all countries. Lotteries are also strictly controlled by governments and in countries where corruption is the order of the day, only those who can pay hefty bribes or are connected to top government officials can get lottery licenses.

The launch of FireLotto, based on decentralized and transparent blockchain technology, will make lottery games available to anyone anywhere in the world, and ensure transparency at levels that are currently not possible with conventional lottery systems.

About FireLotto

FireLotto is a revolutionary lottery platform which is fully decentralized and transparent. FireLotto’s platform is built on blockchain technology and will utilize Ethereum smart contracts to do the following:

Collect and distribute funds from players of the instant and draw lottery game types.
Draw winning numbers in a random fashion using a secure RNG system.
Pay lottery ticket sales commissions to holders of the tokens.

The FireLotto lottery prize pool will be made up from 70% of funds pooled from lottery stakes. A guaranteed jackpot will take home 1,000 ETH (about $1,000,000 at current prices). If no winner emerges, the prize pool is rolled over and added to the pool for the next draw, leading to increased poll prize amounts. This process continues until a winner emerges.

FireLotto is expected to gain considerable traction in the lottery industry. For the first time ever, lottery games will be available to everyone around the world, in a transparent manner which can readily be confirmed on the blockchain. No longer will players live in fear of insider manipulation, fraud, faking of winning numbers or delayed/non-payment of lottery winnings. Payout procedures and distribution of winnings will be transparent. There will be no issues with remittances as Ethereum is available worldwide and is convertible to Bitcoin and fiat currencies.

With an initial guaranteed prize pool of at least $1million (and capacity to grow to tens of millions of dollars), the possibility of having a lottery millionaire from a remote village in a far-flung area of the globe is now very real. All that is needed is a mobile device with internet access and a crypto wallet to go with it, and dreams can become reality with FireLotto.

FireLotto Timeline

November 2017 – Closed round of sales
January 1, 2018 – FireLotto launch
Early January 2018 – Pre-Sale
Late January 2018 – Launch of advertising campaigns
March 2018 – Massive advertising campaign
Late March 2018 – Token sales

For more information, or to view the company’s whitepaper, visit www.firelotto.io or Join Telegram Group: https://t.me/firelotto

<p type="text" content="Media Contact” data-reactid=”36″>Media Contact

<p type="text" content="Name: Aditya Prakash
Email: Name: Aditya Prakash
Email:
aditya@inboundment.com

SOURCE: FireLotto

ReleaseID: 487497

Dawson James Securities Announces Closing of Approximately $14.78M Public Offering for Biocept, Inc.

BOCA RATON, FL / ACCESSWIRE / January 31, 2018 / Dawson James Securities, Inc. in conjunction with Biocept, Inc. (NASDAQ: BIOC) announced today the closing of a “best efforts” public offering of 32,854,606 shares of common stock and warrants to purchase up to an aggregate of 32,854,606 shares of common stock at a combined offering price of $.045. The warrants have a per share exercise price of $.50, are exercisable immediately and will expire five years from the date of issuance. Biocept received proceeds from the offering of approximately $13.3M and intends to use the proceeds for general corporate purposes, to fund ongoing operations and expansion of its business, and to service its existing indebtedness.

Dawson James Securities, Inc. and Westpark Capital, Inc. acted as placement agents in connection with the offering. Dawson James Securities, Inc., served as sole book runner.

The shares described above were offered by Biocept, Inc. pursuant to a registration statement previously filed with, and subsequently declared effective by the Securities and Exchange Commission (“SEC”). A final prospectus supplement relating to the offering was filed with the SEC and is available, along with the accompanying base prospectus, on the SEC’s website at http://www.sec.gov, or by contacting Dawson James: 1 N. Federal Hwy; Suite 500, Boca Raton, FL 33432 ATTN: Prospectus Department.

About Biocept, Inc.

Biocept, Inc., is a molecular diagnostics company with commercialized assays for lung, breast, gastric, colorectal and prostate cancers and melanoma. The Company uses its proprietary liquid biopsy technology to provide physicians with information for treating and monitoring patients diagnosed with cancer. The Company’s patented Target Selector™ liquid biopsy technology platform captures and analyzes tumor-associated molecular markers in both circulating tumor cells (CTCs) and in plasma (ctDNA). With thousands of tests performed, the platform has demonstrated the ability to identify cancer mutations and alterations to inform physicians about a patient’s disease and therapeutic options. For additional information, please visit www.biocept.com

About Dawson James Securities, Inc.

Dawson James Securities specializes in capital raising for small and microcap public and private growth companies primarily in the Life Science/Health Care, Technology and Consumer sectors and is a full service investment banking firm with research, institutional and retail sales, and execution trading and corporate services. Headquartered in Boca Raton, FL, Dawson James is privately held with offices in New York, Maryland and New Jersey. www.dawsonjames.com

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A Of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipates,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements.

Member FINRA/SIPC. For more information, please contact:

Elise Stern, Managing Director, Head of Capital Markets
estern@dawsonjames.com
561-208-2926

SOURCE: Dawson James Securities, Inc.

ReleaseID: 487523