Posted by AGORACOM-JC
at 5:01 PM on Monday, August 31st, 2020
Kontrol continues to focus on strengthening its Balance Sheet. The Company’s cash position at the end of Q2 is approximately $1.8 Million
During the second quarter of 2020 the Company announced the commencement of a non-brokered private placement (with an exchange of units) of up to $5.8 million principal amount 8% unsecured (and non-convertible) debentures maturing on October 31, 2022
Company is developing its BioCloud technology and has a achieved a number of significant milestones, including the initial funding from the Government, positive testing of the detection mechanism, and positive testing of the BioCloud fully operational prototype.
TORONTO, ON / August 31, 2020 / Kontrol Energy Corp.(CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) (“Kontrol” or “Company”) a leader in the energy efficiency sector through IoT, Cloud and SaaS technology announces its financial results for the six months ended June 30, 2020.
A complete set of Financial Statements and Management’s Discussion & Analysis will be filed on SEDAR (www.sedar.com) on August 31, 2020. A call to discuss the financial results has been scheduled for Monday, August 31, 2020 at 4:30pm (EST). See details below.
“In Q2 2020 we were able to navigate the complex business challenges presented by COVID-19 and make important strategic advances while maintaining positive EBITDA and cash flow from operations,” says Paul Ghezzi, CEO. “This environment has made it challenging to gain access to customer sites for projects; however, our recurring revenue and service platform have performed very well. In addition, we initiated the development of the Kontrol BioCloud, a new technology designed to detect and alert for the COVID-19 virus. We continue to fund all BioCloud development through internal cash generation. Kontrol does not need to raise capital to operate its business.”
Subsequent to the second quarter end, the Company completed the acquisition of New Found Air (“NFA”) – a building service and solutions company. The operations of NFA are in the process of being merged with Kontrol’s existing platform. NFA expands Kontrol’s building footprint and provides an established customer base with a potential significant cross-selling platform for Kontrol’s smart building technology.
Q2 2020 Financial Summary
Strengthened Financial Position
Kontrol continues to focus on strengthening its Balance Sheet. The Company’s cash position at the end of Q2 is approximately $1.8 Million. During the second quarter of 2020 the Company announced the commencement of a non-brokered private placement (with an exchange of units) of up to $5.8 million principal amount 8% unsecured (and non-convertible) debentures maturing on October 31, 2022. The Company intends to allocate up to $5.8 million of the units for issuance to holders of 2020 debenture units who wish to exchange their 2020 debenture units for units in the offering. The Company anticipates that the majority of unitholders will exchange their units in the months of September and October.
The Company closed the first tranche of non-brokered private placement for 2023 Convertible Debenture Proceeds in the second quarter of net $1.05 million and an additional approximate $900,000 subsequent to the second quarter. The completion of the financing was primarily allocated to the closing of the NFA acquisition
FY 2020 Outlook
The Company continues to strategically focus on the growth of its recurring revenues. With the recently completed acquisition of NFA and the existing customer base, approximately 30% of all revenues are now recurring. The Company’s goal is to drive recurring revenues towards 50% of all total revenues by the end of 2021.
While there appears to be a general improvement with site access to customer facilities there is also ongoing uncertainty presented by COVID-19 travel restrictions and self-quarantine. These conditions make it difficult to forecast project revenues and provide any guidance. Any previous guidance will be retracted, and the Company will continue to provide ongoing reporting and announce larger project revenues as they are generated.
Kontrol BioCloud
The Company is developing its BioCloud technology and has a achieved a number of significant milestones, including the initial funding from the Government, positive testing of the detection mechanism, and positive testing of the BioCloud fully operational prototype. The Company seeks to complete testing with the live COVID-19 virus during the week of August 31 and will provide those results when available. The Company’s objective is to have BioCloud commercially available to potential customers in 2020. There is no assurance that the Company can achieve this internal goal.
About Kontrol BioCloud
BioCloud is a real-time analyzer developed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling the air quality over time. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud has been designed for spaces where individuals gather including classrooms, retirement homes, hospitals, mass transportation and others. It can be an important technology which supports the entire system of individual testing and contact tracing.
The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus) at this time.
* Adjusted EBITDA is a non-IRFS financial measure. The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, and acquisition related expenses.
Conference Call Details:
Title:
Kontrol Energy Second Quarter 2020 Financial Results
Please connect at least 5 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast.
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.
Kontrol Energy is one of Canada’s fastest growing companies in 2018 and 2019 as ranked by Canadian Business and Maclean’s.
Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com.
For further information, contact:
Paul Ghezzi, Chief Executive Officer [email protected] or [email protected] Kontrol Energy Corp. 180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8 Tel: 905.766.0400, Toll free: 1.844.566.8123
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements regarding possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, Adjusted EBITDA, expansion of smart energy technologies into US markets, strategic partnerships to expand into North American Markets, acceleration of recurring SaaS revenues, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others.. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected, that customers and potential customers will not be as accepting of the Company’s product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. In particular, successful development and commercialization of the Kontrol BioCloud Analyzer are subject to the risk that the Kontrol BioCloud Analyzer may not prove to be successful in detecting the virus that causes COVID-19 effectively or at all, uncertainty of timing or availability of any regulatory approvals and Kontrol’s lack of track record in developing products for medical applications. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.
Posted by AGORACOM-JC
at 4:51 PM on Monday, August 31st, 2020
The global online gambling market could potentially hit $1 TRILLION by the end of this decade. That is not a typo and the obvious reasons include the following:
1. Exponential growth in the number of people online. Yet only 59% of the world means more to come.
2. Fast growth in the number of countries and jurisdictions legalizing gambling to collect tax revenue.
3. Explosive growth in gambling options beyond casino and sports betting. Fantasy, Esports, etc.
Until recently, however, small-cap investors did not have a company that could provide them ground floor exposure to this massive market and its growth over the next 10 years. The industry was dominated by the big traditional gambling companies, who focus heavily on old fashioned gambling.
That all changes with FansUnite, the small cap iGaming super company that goes beyond simple gambling and attacks both sides of the iGaming market by offering:
B2C (Business To Consumer) Gambling platforms that provide services directly to gamblers
B2B (Business To Business) Gambling technology for companies that already have gamblers
Rare combination of B2C + B2B Gambling In Small Cap
B2C – 4 Platforms
B2B – 4 Deals Signed; 2 Are Already Live
Askott has integrated over over 6,000 Casino Games Onto Platform
$5,000,000 financing closed in support of acquisition
World renowned team
For those of you who don’t know what Esports is, it can easily be described as the professionalization of video games. Whereas video game players were once stereotyped as basement dwelling geeks, today’s top esports players and teams make millions of dollars competing in online tournaments that are watched by millions of people around the world …. 520,000,000 to be exact.
If you think that number is astounding, consider the fact it will grow to 650,000,000 by 2022.
To put the size of esports into perspective, by 2021, esports is projected to have more viewers than every major sports league in the world except the NFL.
….. AND THEY GAMBLE ….A LOT!
Esports revenues from betting are set to hit record highs in 2020, with revenues expected to double from $7 billion in 2019 to $14 billion, due in no small part to the Covid-19 crisis.
With this massive market up for grabs, the acquisition of Askott provides FANS with a strong opportunity to capture meaningful market share thanks to the following:
Recognized globally as a leader and pioneer in esports betting technology
Launch of the first ever daily fantasy site dedicated to esports
First esports betting site to receive an Isle of Man gaming license in 2017
Shortlisted by EGR Magazine for the Esports Betting Supplier of the Year Award.
WHAT IS THE DIFFERENCE BETWEEN GAMING AND GAMBLING?
The main difference between the terms is that for gaming the outcome is achieved by skill, not chance, whereas for gambling, the opposite is true
THE FANSUNITE LINEUP – B2C
McBookie is a leading provider of betting services under a license to operate granted by the U.K. Gambling Commission. McBookie focuses on B2C offerings and has strategically decided to pursue an underserved market, focusing on the Scottish market and clientele. McBookie has been in operation for over a decade.
10,000 active members
$135M CAD betting volume last 3 years
Sports betting, Casino & Virtual Sports
Delivered a Year over Year increase in Gross Gaming Revenue over the Q2 period of 131%.
Majority of that has been delivered by the casino where YOY turnover in Q2 was up 59% from $2.4M CAD to $3.9M CAD, resulting in a gross margin increase of 191%.
Combined the sites have over 200,000 registered users in 160+ countries
Both using the Chameleon Esports Platform
ESP.bet was the first esports betting site licensed in the Isle of Man
Esportspools.com was the first dedicated esports fantasy site
Latest site to launch on the Chameleon esports betting platform.
LATAM focused brand and an example of the platforms flexibility to launch highly localized sites.
Currently supports 10 languages and can localize to additional languages as needed.
In the hyper growth iGaming world, speed is everything and FANS is on the move in 2020 with partnerships, licenses, acquisitions and new markets in the works, including ENTERING THE US MARKET by the end of this year. Have a look at the FANS roadmap.
FansUnite provides investors with all the elements necessary to earn its place as the leading small cap iGaming company including:
Real Products
Real Customers
Real Revenues
Proven Technology
Rapid Growth
Clear Growth Plan
Global Scalability
Fully Diversified Business With Both B2B and B2C Operations
Powerful Lineup Of Digital Properties
And Last But Not Least For Every Small Cap Company …….. Fully Funded
Posted by AGORACOM-JC
at 11:13 AM on Monday, August 31st, 2020
Savvy investors know that lot of smart money is now funneling into forward-thinking companies that are fulfilling an immediate need to provide real world solutions to identity fraud and creating value through data validation.
Now, an innovative, Toronto-based company is making real things happen to protect consumers, companies, and capital.
KABN Systems (CSE.KABN, OTCMKTS: TRWRF, Forum) focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from the use of their online identity. KABN’s propriety technology suite includes four key products – KABN ID, Liquid Avatar, KABN Card, and KABN KASH. The company provides its products and services at no cost to consumers and generates revenues through permission-based partner programs.
In this extremely informative podcast, Stockhouse’s Dave Jackson was joined by KABN’s President, Co-Founder, and Director David Lucatch. Mr. Lucatch has spent more almost 35 years in the international marketing arena and over 25 years of that developing technologies and taking them to market. Prior to co-founding KABN, David held senior management posts and directorships at both private and public technology and media firms.
The Company believes that ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity.
Posted by AGORACOM-JC
at 9:31 AM on Monday, August 31st, 2020
InnoCan Pharma Is A Pharmaceutical Company That Specializes In The Development Of New Drug Platforms Which Combine Unique Properties of Cannabinoids
InnoCan has 3 fully operating divisions to address the market for Cannabis products. As a Cannabis investor, why limit yourself to a Company with just one specialty, when InnoCan offers you exposure to both the exploding world of cannabis pharma, as well as, a portfolio of patent-pending and launch ready consumer health products.
Posted by AGORACOM
at 9:21 AM on Monday, August 31st, 2020
This week Rick Rule and Doug Casey had an excellent 2 part interview on Kitco. It was both highly informative and entertaining. I suggest that everyone watch it after you listen to Eric Sprott so I’ve included the Kitco links below for you. In the interview Doug Casey suggests that we all try to follow the advice of Wayne Gretzky which is this “On the ice skating arena, most guys skate to the puck, and that’s a problem because there’s all these big mean guys swinging sticks….skate to where you think the puck is going to be opposed to where all these big means guys swinging sticks are”.
Who can argue with Gretzky given his track record? That’s exactly what Eric Sprott is doing with his investments. He closely follows the silver / gold ratio which is 17.5:1 in the ground. As you can see on the 10 year chart below the market ratio has had dramatic increases over the last decade, and industry experts are saying it is due to silver being more manipulated than gold. In April of this year it reached a peak of 114.77 (a 94 year high) and (for various reasons) is on its way back down.
Sprott has stated that all the data “is screaming” that the market silver / gold ratio will go down to a 15:1 ratio (for many reasons but one is that the silver / gold ratio in production is only 8:1 so there just isn’t enough silver out there to account for all the silver accounts on paper and people are starting to want delivery – a very wise decision). So like Gretzky, Sprott is looking at where the puck is going to be, or in this case where silver is going to be, and evaluating companies based on where they would be if a 15:1 ratio were to take place.
I thought he would start talking about the many high-grade projects out there but instead the very first example he had was Treaty Creek where the silver is just an afterthought! The first 12 minutes is spent discussing arguments for silver and then Eric explains why Treaty is the first one he mentions would benefit from a dropping silver / gold ratio (11:40 – 13:19).
As promised, here is the two part interview with Rick Rule and Doug Casey. I highly suggest you watch it to the end!
Posted by AGORACOM-JC
at 9:39 AM on Saturday, August 29th, 2020
Why ThreeD Capital?
Discovering Great Disruptive Companies
ThreeD Capital provides investors with significant exposure to ground floor opportunities in
Small cap stocks in their very early stages;
Disruptive Technologies
that would otherwise be impossible for 99% of investors to participate in. There is quite simply no other investment vehicle like it in the Canadian small cap space.
Best of all, investors get to invest in ThreeD Capital under the leadership of one of the greatest investors in Canadian history – Sheldon Inwentash, the Founder, Chairman and CEO. When Sheldon Inwentash speaks, listeners stand to make a lot of money. His track record speaks for itself.
Posted by AGORACOM-JC
at 6:57 PM on Friday, August 28th, 2020
Announced that it will release its Q2 2020 financial results for the six months ended June 30, 2020, on Monday, August 31st, 2020
The call will be hosted by Kontrol Energy’s CEO, Paul Ghezzi and Chief Financial Officer, Claudio Del Vasto
TORONTO, ON / August 28, 2020 / Kontrol Energy Corp. (CSE:KNR)(OTCQB:KNRLF)(FSE:1K8) (“Kontrol” or “Company“) is pleased to announce that it will release its Q2 2020 financial results for the six months ended June 30, 2020, on Monday, August 31st, 2020. The call will be hosted by Kontrol Energy’s CEO, Paul Ghezzi and Chief Financial Officer, Claudio Del Vasto.
Event Details:
Title:
Kontrol Energy Second Quarter 2020 Financial Results
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.
Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com.
For further information, contact:
Paul Ghezzi, Chief Executive Officer [email protected] or [email protected] Kontrol Energy Corp. 180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8 Tel: 905.766.0400, Toll free: 1.844.566.8123
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements regarding possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, Adjusted EBITDA, expansion of smart energy technologies into US markets, strategic partnerships to expand into North American Markets, acceleration of recurring SaaS revenues, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company’s product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.
Posted by AGORACOM
at 10:53 AM on Friday, August 28th, 2020
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Hybrid and electric-car registrations soared in Europe last month, seizing a record share of the market and lifting total sales to the highest in 10 months.
Registrations of plug-in hybrids more than quadrupled, while battery-electric vehicles more than doubled, according to auto-market researcher Jato Dynamics. Total sales slipped just 4% from a year ago to 1.28 million, the most since September.
“If the current situation continues to improve, we could start to talk about a ‘V’ shaped recovery in the European car industry,” Felipe Munoz, a global analyst for Jato Dynamics, wrote in a report Thursday. EV demand is rising because of a wider selection of more affordable models and increased competition that is pushing down prices.
The figures are the most positive yet for an industry that had expected Europe to continue lagging the recoveries other regions have mustered following the coronavirus pandemic. Auto sales fell less drastically in the U.S. and have started growing again in China.
Government subsidies in countries including Germany and France have kick-started sales, especially for electrified models. Hybrid, plug-in hybrid and battery-only vehicles were 18% of registrations last month, up from 7.5% a year ago. Four of the five best-selling hybrids were Toyota Motor Corp. models, while Renault SA’s Zoe dominated the electric segment.
Tesla Inc. missed out on the trend, with registrations plunging 76% to just over 1,000 units, Jato said.
“Tesla is losing ground this year in Europe,” Munoz said. “Some of this can be explained by issues relating to the production continuity in California, but also by high competition from brands that play as locals in Europe.”
There were 10 more battery-electric cars on the market last month than a year ago, with new models including the Peugeot 209, Mini Electric, MG ZS, Porsche Taycan and Skoda Citigo buoying the segment.
Posted by AGORACOM
at 10:47 AM on Friday, August 28th, 2020
Candente Copper is currently focused on its 100% owned Canariaco project, which includes the Feasibility stage Canariaco Norte deposit as well as the Canariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru. Canariaco is included in Goldman Sachs 84 Top Copper Projects Worldwide
An employee looks over sheets of copper cathode at Glencore’s Lomas Bayas copper operation in Chile. Credit: Glencore.
Copper was once again approaching the psychologically important US$3 per lb. level on the back of falling inventories, booming Chinese demand and pandemic hit supply from South America, the U.S. and Africa.
On Aug. 26, Copper for delivery in December trading in New York jumped 1.5% to US$2.9965 per lb. ($6,605 a tonne) in afternoon trading, bringing gains in 2020 to more than 7%, and 50% since the Covid-19 lows struck in March.
A new report from Roskill suggests the rally in copper, which has surprised many with its speed, has further to go.
Jonathan Barnes, associate consultant for copper at the London-based metal and minerals research firm, says while the effects of Covid-19 could decrease world consumption of the metal by 3%-4% this year, the drop in mine output and scrap flows has been greater.
This is most visible in the fall in inventories around the world.
Globally, total visible stocks, which include those on exchanges and bonded warehouses in China, fell by 40% from March through July to below 600,000 tonnes. LME warehouse inventories are at 13-year lows.
China is responsible for more than half of the world’s copper consumption, and the country is buying copper at record-setting rates.
“China is importing more refined metal from nearly every country suggesting a structural shift, not a temporary change,” says Barnes.
“If you are looking for signs of panic buying, you can find evidence of that in China – total Chinese stocks represent less than two weeks’ consumption at current rates of use.”
In the rest of the world, where demand has dropped by much more relative to China, stocks represent only one week of consumption.
The lack of available scrap – imports are down 50% in the first half – after Beijing delayed new importing rules, has forced the Chinese buyers to replace secondary sources with cathode, further driving down visible inventories.
Roskill estimates a 300,000-tonne shortfall in imports of secondary materials — scrap, ingots and granules – into China from January to July.
Barnes believes global scrap flows may not normalize until the first quarter of next year, but would depend on new rules in China.
Roskill’s sources have not been able to confirm that China’s State Reserve Bureau has been buying up strategic stocks of copper, “but if they were, they probably would have done so earlier, when prices were much lower,” Barnes says.
Disruptions to mine supply could be between 750,000 to 1 million tonnes in 2020, with eight out of the 10 largest miners recording lower output during the first half of the year.
China’s concentrate imports are down year on year, while sourcing anodes from the central Africa copper belt is also hitting roadblocks.
Barnes says China’s two-year restocking cycle is rising in amplitude as the country’s dominance in the copper market increases, and he expects an 11.5% rise for the full year in copper imports.
The country has a structural copper market deficit, and it restocks whenever LME prices appear attractive. Moreover, says Barnes, China can take a long term view and use tomorrow what it does not need today.
Roskill expects trade data to show another bumper August for imports, despite being a seasonally muted month for shipments.
The copper price will likely rise further towards the end of 2020, Barnes says, and the current environment has strong parallels to the rebound in the copper price after the global financial crisis.
Copper hit a low of US$1.32 per lb. in January 2009, then surged to US$3.55 by April 2010, on its way to an all-time high of US$4.58 (more than $10,000 per tonne) in February 2011.
