Thursday Afternoon Profile Update: PIXY Continues To Climb And More
PIXY is on a roll today!
With a new day high of $5.75 under its belt, PIXY has made an approximate run of $.87 from yesterday's open of $4.88.
Could more be on the way in the short-term? Remember, this profile has a history of short-term triple-digit bursts in 2020.
PIXY is one to monitor closely moving forward.
I've highlighted the 3 most important potential catalysts to track on PIXY. Here they are:
#1 Potential Catalyst For PIXY - Yesterday's News
ShiftPixy Introduces ShiftPixy Labs
Exciting new suite of services extends ShiftPixy’s support of QSR end-to-end needs
IRVINE, Calif., July 29, 2020 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a California-based gig engagement platform provider, today announced the launch of ShiftPixy Labs – a new suite of marketing and support services for quick service restaurant operators (QSRs) seeing increased opportunities in the gig economy due to c-virus restrictions and lockdowns.
Through its unique gig engagement platform, ShiftPixy empowers restaurant operators to take full advantage of their human capital with powerful functionality to handle payroll, compliance and native delivery. The Company expects ShiftPixy Labs to provide additional layers of services and engagement, from business startup clear through to customer meal delivery.
“2020 has been a year of tremendous growth and transformation for ShiftPixy and I’m proud of the work we’ve accomplished in helping restaurants adapt to the challenges posed by CV-19,” said ShiftPixy Co-Founder and CEO Scott Absher. “ShiftPixy Labs is the next stage in our evolution. This is a bold new project that’s aiming to change the way restaurants are built from the ground up. In light of the combined forces of gig economics and CV, we think ShiftPixy Labs will be a vital resource for making operators agile amid market upheavals like we are experiencing today. We look forward to sharing more details of this exciting venture in the coming weeks.”
Read the full article here.
#2 Potential Catalyst For PIXY - Share Structure
According to Yahoo Finance, there are only 3.49Mn shares in PIXY's float.
#3 Potential Catalyst For PIXY - $50 Price Target From Zacks Small-Cap Research
In January 2020, an analyst from Zacks released a research report on PIXY highlighting the company's tremendous upside potential.
Thursday Afternoon Update On Fearless Films, Inc. (FERL)
FERL is another profile to watch closely in the short-term.
Trading towards the bottom of July's range, FERL displays a ton of potential upside to its July high of $.13 (over approx. 50%).
Recent news also hit this week that could bring in some serious buzz as it circulates.
Read the acquisition news here.
Take a moment to read my full initial update on FERL below and get it on your radar now.
FERL may soon be capturing significant attention...
The c-virus pandemic has shown the world just how essential streaming services are and FERL could become well-known in the arena, especially with so many positive announcements in recent weeks.
"Overall U.S. streaming penetration accelerated significantly in 1Q tied to the self quarantine and stay-at-home orders across the country," a MoffettNathanson report read.
Netflix netted almost 16 million customers in Q1 2020 amid the c-virus. This was a record! It's kind of hard to believe that at one point Netflix was only $15 a share. Today the powerhouse has reached over $500 a share.
FERL is looking to capitalize on the multi-Bn dollar streaming content Gold Rush and is proving you don't need to spend enormously to do it.
How much money Netflix spends on its original content is just out of this world. The same could be said for Hulu and Amazon Prime. A new forecast from BMO Capital Markets estimates Netflix will lay out $17.3Bn in cash for original content this year, a $2Bn increase from 2019. By 2028, the analyst firm predicts, Netflix will spend $26Bn per year on content!
Hulu's annual content budget is $2.5Bn, according to The Hollywood Reporter, and this is expected to increase now that Disney has assumed full control over the streaming service.
In 2017, Amazon shelled out around $5Bn for content, according to Reuters.
As an independent full-service production company, FERL is the branchild of award winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic.
Movie fans will recognize Victor from the Great Chameleon, Graveyard Story and the Last King. On television you may have seen him in series such as the My Cicco show, Blue murder or documentaries such as Mob Stories, to name a few.
Highlights of Victor's voice talent credits include the acclaimed Resident Evil: Outbreak series, including Resident Evil: Outbreak file #2.
Victor Altomare has stated, "The growth of streaming media has created rising demand for quality entertainment properties. Fearless Films was founded with the idea of producing quality entertainment with project budgets under $6Mn. The Great Chameleon is an example of this strategy in action. We plan to advance a number of new projects that are promising and designed to meet the needs of new-era film distribution platforms."
With a stellar rating on IMDB, The Great Chameleon is a bawdy comedy with dramatic overtones in which the FBI secretly releases master of disguise con man Joe Murky (Victor Altomare) from prison to track down his abducted niece.
The film has streaming distribution through Amazon Video (UK) and is also available for rent or purchase on Amazon Video, along with Google Play, iTunes, YouTube, and Microsoft XBox platforms. Imageworks Entertainment International, the agent for the film, recently obtained US distribution via Amazon US.
It was in April that the company confirmed its ownership of full rights to The Great Chameleon and it is the first production by Fearless Films. This film forms the cornerstone of the Company's library of intellectual property.
The film is now available on Amazon US and UK, Google YouTube, Xbox and iTunes. FERL recently announced that the company has completed an agreement to acquire the acclaimed The Lunatic, a film whose rights were held by Mr. Altomare.
The Company has agreed to acquire the film in an all-stock transaction. The number of shares to be issued will be determined by the final price for the film as determined by an independent valuation of the film.
The film will join The Great Chameleon as part of the company's content library.
The Lunatic was produced by Victor Altomare and directed by Robert Longo. The movie premiered at the Montreal Film festival as an official selection, won the bronze award in Houston Film Festival, and was also awarded at the Yorkton Short Film Video festival. The Lunatic stars Victor Altomare, who portrays a murderer who feigns insanity in order to avoid electrocution, along with Lazar Rockwood (known for Witchblade and Antigone), Jennifer Dale (received Earle Grey Award recognizing her lifetime achievements in the Canadian entertainment industry), and boxing great George Chuvalo (who twice fought against Muhammad Ali for the heavyweight championship).
FERL has also completed an agreement to acquire Only Minutes, a significant addition to the company's growing library of media titles!
Only Minutes was written and directed by Goran Kalezic. The movie premiered at the Fort Lauderdale International film festival where it was the winner of the Critic's Choice award. It has also been featured in the Hollywood Film Festival.
Goran Kalezic is a writer and director, known for Only Minutes, The Great Chameleon (2012), The Bartender (2005) Audience Favoured at Indyfest and Bag the Wolf (2000). He is also the author of Dostoevsky's Anarchists: A Screenplay Adaptation of Dostoevsky's Demons (2018).
Only Minutes is a story about a man attempting to exact revenge on his bank. Its cast includes Victoria Snow, known for her work on In The Dark (2019), Incorporated (2016) and Slasher (2016); Lazar Rockwood, known for Witchblade (2000 and 2001) and Antigone (2012); and Peter Schindelhauer, known for his work on X-Men (2000), RoboCop (2014) and X-Men: Dark Phoenix (2019).
The Company has agreed to acquire the film in an all-stock transaction which is expected to close during the third quarter of 2020.
CEO Victor Altomare has stated "Fearless Films is about high-quality productions and entertainment. It's not often that films that have featured at the Hollywood Film Festival are available. When Only Minutes was made available to the Company, we seized the opportunity to acquire it. It is a tremendous addition to our growing library of quality films.
"We used to be tied to the TV at certain hours in order to talk about the program the next day at the watercooler, but now, you can watch whatever you want at whatever time you want thanks to Netflix and other streaming services.
All work created by FERL is a unique idea, embodied in the life by talented operators, editors and designers. The company can also realize any task associated with video production.
FERL is additionally in discussion with a significant Los Angeles-based film production company to partner on the production of scripts.
This production partnership will be of great benefit in sourcing locations, talent and facilities due to their long experience in film production. These discussions are preliminary and will require formal contracts once agreement has been reached on final details.
Mr. Altomare stated, "Fearless Films was founded with the idea of producing quality entertainment with project budgets under $6Mn. Partnering on the development of scripts is a logical next step for the Company as it allows our creative content to reach market sooner than if we had gone it alone."
FERL also announced that it has acquired FilmOla.com to add additional revenue and distribution.FilmOla is an online marketplace where content is showcased and updated instantly to a trusted global community of viewers, reaching new audiences and new markets 24/7.
The platform is also launching an online- social media platform for film and movie junkies to connect. FilmOla earns revenue from advertising and online affiliate programs. FilmOla leverages affiliate marketing to drive revenue to the media channel by connecting viewers interested in film and movie content.
Names like Netflix, Hulu, Apple and Disney may be dominating the streaming conversation but FERL is looking to make a very BIG name for itself in providing streaming content to the enormous players in the arena.
The top pay-TV providers had a net loss of about 1,740,000 subscribers in Q3 2019. This marked the fifth consecutive quarter of record pay-TV industry net losses.
The proliferation of on-demand streaming content and the decreasing pressure to watch a program the moment it airs has led to a continued shift in consumer habits. Among content types, video on demand now dominates, up 76% year over year in viewing time and live video has grown 32% over the same time period.
FERL has recently closed a non-brokered private placement offering of up to 6,666,668 shares priced at $0.15 per common share for gross proceeds of $1Mn!
The proceeds of the Offering will be used to support the operations of the company, including brand building and film production. FERL plans to begin production on its next film during 2020.
In addition to this, the company has said it will be applying to list its share on a stock exchange in Canada, in addition to its current listing on the OTCQB market. FERL has decided to take this step to access a wider pool of capital as well as to increase liquidity options for its shareholders.
FERL has many exciting developments happening so keep an eye out on the company's news for any updates!
You can start your research right away at: www.fearlessent.com
FERL is looking to make a name for itself in the massive entertainment space!