Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
On January 27, 2016, the Board of Directors (the "Board') of Concierge Technologies, Inc. (the "Company") approved the entry into a convertible promissory note with Wainwright Holdings, Inc. in the principal amount of $450,000 (the "Note") by unanimous written consent. Wainwright Holdings is an entity affiliated with CEO Nicholas Gerber.
The Note bears interest at four percent (4%) per annum and increases to eight percent (8%) in the event of default by the Company. The Note may be prepaid at any time in whole or in party by the Company and is convertible into common stock of the Company at the election of Wainwright Holdings on the date which is 180 days following issuance of the Note at a conversion price of $0.10 per share. The conversion price is subject to adjustment for mergers, consolidations, share exchanges, recapitalizations or similar events. The Note matures five (5) years from issuance and is not secured by any assets of the Company.
In connection with the foregoing, the Company relied on the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, for transactions not involving a public offering.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.
The information provided in response to Item 1.01 of this report is incorporated by reference into this Item 2.03.
Item 3.02 Unregistered Sales of Equity Securities.
The information provided in response to Item 1.01 of this report is incorporated by reference into this Item 3.02.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
10.1 Convertible Promissory Note by and between Wainwright
Holdings, Inc. and Concierge Technologies, Inc. dated
January 27, 2016.
Additionally, Zacks Rank HIMX #1...
"Qorvo carries a Zacks Rank #3 (Hold). Some stocks worth considering include Himax Technologies, Inc. HIMX, Rambus Inc. RMBS and Alpha & Omega Semiconductor, Ltd. AOSL. Himax Technologies and Rambus carry a Zacks Rank #1 (Strong Buy), whereas Alpha & Omega Semiconductor, Ltd. carries a Zacks Rank #2 (Buy)."
Sentiment: Strong Buy
8:31 am ET February 4, 2016 (Market Wire) Print
PEN Inc. (OTCQB: PENC) (OTCQB: PENCD) ("PEN" or "the Company"), a global leader in developing, commercializing and marketing consumer and industrial products enabled by nanotechnology, today announced plans to expand the ClarityÂ® branded optical products business by introducing new product categories, innovative new products, and by expanding distribution channels.
This initiative is supported by a rich portfolio of Clarity products, including ClarityÂ® Advanced, a new product line for cleaning the screens of consumer electronics, as well as eyewear. This 6-in-1 cleaner is safe and effective for all eyewear, mobile phones, tablets, computers and flat panel television screens. Available in a variety of formulations including gels, sprays and towelettes, this special formula leaves screens and lenses smudge and streak free. Just as important are packaging, display and merchandising options, specifically for mass market retailers, for all of Clarity branded products.
The Clarity branded optical cleaners sold by PEN's subsidiary Nanofilm, Ltd., have been trusted by eye care professionals and their customers for over 30 years, and the Clarity Defog It(TM) products are used by military forces, first responders, safety professionals and athletes worldwide. Historically, the majority of Nanofilm's optical products sales have been to optical retail chains and individual optometrists, ophthalmologists and opticians. Although these customers continue to be a focus, consumers also wish to find these products where they routinely shop. In addition, consumers use these products to care for the sensitive screens built into their electronic devices. As a result, Nanofilm is now working on expanded distribution channels to include mass market retailers including national chains. The new focus also reflects expanded marketing of Clarity products for the consume
Sibanye Gold Limited SBGL is a gold mining company based in South Africa.
Sibanye Gold has a Zacks Rank #2 (Buy) and projected growth for the current year is 78.5%. The forward price-to-earnings ratio (P/E) for the current financial year (F1) is 8.78, lower than the industry average of 25.10. Its earnings estimate for the current year has improved 69.4% over the last 30 days.
Insider Buying: Pen Inc (PENC) Director Purchases 918000 Shares of Stock
Dakota Financial News
Pen logo Pen Inc (OTCMKTS:PENC) Director Ronald J. Berman bought 918,000 shares of the firm's stock in a transaction dated Tuesday, December ...
"The Company's Multi-Level Force Touch controller has secured design-wins from leading smartphone makers for models to be launched in the first half of 2016, and will eventually be inside tablets and wearable devices as well.
Jordan Wu, President and Chief Executive Officer of Himax Technologies, Inc., commented: "We are proud to have a very comprehensive touch product portfolio especially with the addition of the latest Multi-Level Force Touch technology into our product portfolio. Early adopters of this product will be leading smartphone and panel makers seeking technology advancement and enhanced user experience. The introduction of Force Touch technology illustrates our leading edge competitiveness in the touch panel controller market. This is particularly important at a time when the market is moving toward in-cell touch display requiring integration of display driver and touch panel controller."
11/13/15.....here it is: (short & sweet) "Analysts at Baird initiated coverage on Himax Technologies, Inc. (ADR) (NASDAQ: HIMX) with a Outperform rating. The target price for Himax Technologies is set to $9. Himax Technologies shares closed at $6.15 on Thursday."
Con't: ...copper structures on Kapton substrates.
“3D printing is the fastest growing segment in printed electronics, but without 3D metal printing its scope will be commercially limited. Our new technology has the potential to transform production in a wide range of industries, from medical devices to structural electronics,” said Dr. Richard Fink, President of Applied Nanotech, Inc.
Fink’s thoughts on metal 3D printing emphasize those of many involved in the higher echelons of industry, where 3D printing with metal–and electronics–is becoming more prevalent, and desired. Echoed around the globe, commitment to this latest evolution in additive manufacturing is leading to numerous innovations in both hardware and the crucial materials which must be used in production.
“The success of the electronic 3D printing industry depends on the ability to make metallic objects or parts that have a metallic component, but suitable metallic inks and printing methods have not been readily available. The new ink enables novel sintering methods using a photo curing Xenon 2000 unit operated sequentially for each 5 micrometer thick inkjet trace in ambient air and room temperature,” explained Dr. Zvi Yaniv, lead researcher.
We’ve been following other international companies heavily invested in these processes, like Materialise, which has both developed a specialized titanium material for 3D metal printing and also opened a factory in Germany centered around those processes. Other companies like 3D Systems are partnering with learning institutions like Penn State to further research and work to use the technology to benefit the aerospace and defense industries. While the use of a variety of metal powders is being incorporated by many companies, PEN is certainly presenting the world with a multifunctional new material for 3D printing with electronics.
Correction: [Source: CNN Money]
PEN, Inc. Researchers Modify Award-Winning 2D Materials to Make Inkjet Nano-Copper Ink for 3D Printing with Electronics
BY BRIDGET BUTLER MILLSAPS · NOVEMBER 6, 2015 (CNN News)
PEN, Inc. has a dedication to nanotechnology, and for putting it to use in the world for ‘solving the big problems.’ Certainly then, combining their talents with 3D printing is a logical strategy as it is affecting nearly every sector, allowing for huge impact and transformations that continue to grow and spread–offering enormous benefits to businesses, individuals–and ultimately, everyone.
Headquartered in Deerfield Beach, FL, the company was founded in 1985, and is actually today comprised of two companies, Nanofilm, Ltd. and Applied Nanotech Holdings, Inc., with the latter encompassing the PEN Design Center where their team of PhD level scientists and engineers focuses on the development of new products, as well as finding necessary solutions in technology today. Nanotechnology involves big research about very small things–with one nanometer registering at just one-billionth of a meter in size.
PEN, which stands for Products Enabled by NanoTechnology, is comprised of a team that works on a parallel mission alongside many other innovators today to redefine products, services, and so many factors that truly impact people’s lives. They rely on nanotechnology to find solutions to challenges in numerous industries, partnering with clients like the US Department of Transportation, the Army Research Office and the US Department of Agriculture. They also hold more than 250 patents, with a commitment to making innovations that actually help in everyday life too.
Now, they are throwing their hat into the ring with a substantial innovation regarding 3D printing materials, leading to ease in fabricating metallic prints with an inkjet nano-copper ink which they developed through a modification to their own award winning 2D inkjet copper ink. This led to the creation of 3D metallic..