united states – Medielys http://medielys.com/ Tue, 15 Mar 2022 00:02:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://medielys.com/wp-content/uploads/2021/08/favicon-2-150x150.png united states – Medielys http://medielys.com/ 32 32 Bronco Partners Debt Consolidation Scam 2022 https://medielys.com/2022/03/15/bronco-partners-debt-consolidation-scam-2022/ Tue, 15 Mar 2022 00:02:07 +0000 https://medielys.com/2022/03/15/bronco-partners-debt-consolidation-scam-2022/ Ad Disclosure: We earn referral fees from advertisers. Learn more Is BroncoPartners a scam? We will let you be the judge. Bronco Partners entices you by sending you a direct mail with a “personalized invite code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will […]]]>

Ad Disclosure: We earn referral fees from advertisers. Learn more

Is BroncoPartners a scam? We will let you be the judge.

Bronco Partners entices you by sending you a direct mail with a “personalized invite code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to BroncoFunding.com or myBroncoPartners.com. More than likely, you will not qualify for one of their debt relief loans and they will try to switch you to a more expensive debt settlement product.

  • have you been “pre-approved” for a $70,000 loan?
  • Have you been told that your interest rate will drop from 19.90% to 3.15%?
  • Were you promised that your monthly payment would go from $1,320 to $323.40?
  • Have you been sold a monthly savings of $996.60?
  • Did you receive a letter in your mailbox from the Loan Acceptance Department?
  • Did your letter look like this?
Bronco Partners Debt Consolidation Scam 2022 1

It’s not new. Many unscrupulous debt marketing companies have used this as a business model for years. They lure you in with the low interest rate, shackle you for a week, then let you know you don’t qualify for a loan. They then offer you very expensive debt settlement options.

Bronco Partners BBB
Editorial credit: Kate Kultsevych

Is Broncos The partners Legit or a scam?

Crixeo.com rewarded Broncos The partners a 1-star rating (data collected and updated as of February 19, 2021). We hope the information below will help you make an informed decision on whether to do business with Knights Funding. We hope the information below will help you make an informed decision on whether to do business with Knights Funding.

  • Broncos The partners operates two websites, BroncosThe partners.com & myBroncos The partners.com.
  • Broncos The partners is part of a collection of almost 50 websites that we discovered. All are affiliated and listed below.
  • Our belief is that Broncos The partners operates so many different websites in order to escape the huge amount of complaints and negative articles on the internet.
  • We advise caution when working with Broncos The partners. Affiliate websites have several negative reviews and scam complaints.
  • Broncos The partners operates under the sovereign protection of the Mandan, Hidatsa and Arikara Nation (a/k/ MHA Nation), a Native American tribe.

Broncos The partners may be affiliated with the following websites:

  • Hawkeye Associates
  • Brice Capital
  • Capital of the Bruins
  • Loan Dale
  • Yellowhammer Associates
  • Big Apple Associates
  • Cornhusker Advisors
  • badger advisors
  • Rockville Advisors
  • Snowbird Partners
  • Gulf Street Advisors
  • Partners earlier
  • Old Dominion Associates
  • Harrison Funding
  • Johnson Funding
  • Taft Financial
  • Georgetown Funding
  • Memphis Associates
  • Tate Advisors
  • Patriot Funding
  • Malloy loan
  • Plymouth Associates
  • Silvertail Associates
  • Safe Path Advisors
  • Coral Funding
  • neon funding
  • Cobalt Advisors
  • Saxton Associates
  • Hornet Partners
  • Colony Associates
  • First State Associates
  • Polk Partners
  • Ladder Advisors
  • Corey Advisors
  • Pennon Partners
  • Jayhawk Advisors
  • Clay Advisors
  • Great Lakes Associates
  • Pin Advisors
  • Alamo Associates
  • punch partners
  • Partners of the Montagne Blanche
  • Steele Advisors
  • Grand Canyon Advisors
  • Loan of gliders
  • lucky marketing
  • Golden State Partners
  • Pin Advisors
  • Derby Advisors
  • Graylock Advisors
  • Tuck Associates
  • punch partners
  • Bowling Associates
  • Ballast Associates
  • Tweed Loan
  • loan competition
  • Graphite Financing
  • August Funding
  • Broadstar Financial
  • Salvation Funding
  • Stallion loan
  • Pebblestone Financial
  • Sussex funding
  • Lafayette financing
  • Funding for guardian angels
  • Bridgeline financing

Broncos The partners Reviews and ratings

Broncos The partners and its affiliate websites are not accredited by the BBB and have been the subject of numerous complaints and negative press under various names.

MEC Distribution LLC

At one point, Broncos The partners and its affiliate website operating as MEC Distribution, LLC. The Better Business Bureau issued its first alert on this company in February 2018:

In February 2018, BBB staff visited Fargo ND addresses provided by MEC Distribution and found that all locations were vacant and building management explained that although rent was paid by MEC Distribution, the spaces in office were not used. MEC Distribution LLC has provided BBB with a mailing address for complaint handling in Bloomfield Township Michigan. BBB’s mail to this address was returned as “undeliverable as addressed – undeliverable”. Currently, BBB does not have a physical location for this business.

BBB has confirmed with the North Dakota Department of Financial Institutions that Lafayette Funding is not licensed in North Dakota as a debt settlement company. Additionally, BBB contacted building management at the Lafayette Funding Claims address in Bismarck, ND, and learned that Lafayette is not located at that address. BBB advises extreme caution when dealing with this entity.

In February 2018, BBB staff visited the Fargo ND addresses provided by MEC Distribution and found that all locations were vacant and building management explained that although rent was paid by MEC Distribution, the spaces of office were not used. MEC Distribution LLC has provided BBB with a mailing address for complaint handling in Bloomfield Township Michigan. BBB’s mail to this address was returned as “undeliverable as addressed – undeliverable”. Currently, BBB does not have a physical location for this business.

HaFinancing of the Knights BBB Reviews

You won’t find a BBB file on Financing of the Knights because the complaints haven’t started coming in yet. However, we have reviewed some complaints from its affiliate websites:

Cathy M. – 1 star review

They changed their name to Salvation Funding. After seeing this note, I understand why. I don’t know how they got my information, but they need to be stopped.

Terry W. – 1 star review

Beware of bait and switch shippers. The terms are “extremely different” from those advertised! It’s a waste of time.

My goal is to help others realize that it’s a waste of time! Pebblestone Financial’s advertisement is definitely misleading in my opinion. After my conversation with Fred, his response was, “we can definitely help you…I’ll call you tomorrow morning with the details…have a pen and paper ready to write down the numbers.” The sender includes in fine print… This review is not guaranteed if you do not meet the selected criteria.

It also further states: “This review is based on information in your credit file indicating that you meet certain criteria.” In my case, I’m not behind on payments, and neither will I be. I am current on all outstanding debts and my credit history demonstrates it. When Fred called the next morning… his terms were totally ridiculous and, in my opinion, “predatory loans”. When I asked Fred…are those the terms of Pebblestone’s offer, he said yes. I replied, I’m not interested in those terms and he hung up the phone immediately with no further conversation.

The reason I responded to Pebblestone Financial’s offer was to consolidate and simplify with one payment and take advantage of the low pre-approved average rate of 3.67%. While I currently pay between 10.9% and 12.9% to credit card companies…this offer was attractive. The sender stated in BIG BOLD PRINT: You have been pre-approved for a debt consolidation loan with a rate as low as 3.67%. The pre-approved loan amount was actually $11,500 more than my total debt consolidation.

In summary… it’s definitely a “Bait and Switch” scheme in my opinion. I checked BBB feedback before responding to this offer and have not seen any negative feedback. Now I see other very similar answers with the same “Bait and Switch” experience. Hope this helps others avoid wasting time finding out about these unethical practices of Pebblestone Financial.

The Rent-A-Tribe Program

In recent years, hiding behind the protection of a Native American tribe has been made popular by internet payday lenders. In July 2018 Charles Hallinan, “the payday loan godfather”, was sentenced to 14 years in prison for providing payday loans through the Mowachaht/Muchalaht First Nation in British Columbia. In January 2018, Scott Tucker was sentenced to more than 16 years in prison for running an illegal $3.5 billion payday loan business while operating under “sovereign immunity” from the Modoc tribe of the United States. Oklahoma and the Santee Sioux Tribe of Nebraska.

Why do we focus on Broncos The partnersThe negative reviews?

We urge you to do your own research and due diligence on Broncos The partnersespecially when it comes to your Personal finance. We urge you to be careful what you find on the Internet. Compare the good and the bad and make an informed decision. In our experience, where there is smoke…there is fire. But you make the call.

Knights Funding Review

Bronco Partner Review – Caution Notice

Bronco Partners attracts you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to KnightsFunding.com or myKnightsFunding.com. More than likely, you will not qualify for one of their debt relief loans and they will try to switch you to a more expensive debt settlement product.

]]>
Sezzle layoffs follow wave of ‘buy now, pay later’ consolidation https://medielys.com/2022/03/11/sezzle-layoffs-follow-wave-of-buy-now-pay-later-consolidation/ Fri, 11 Mar 2022 10:31:56 +0000 https://medielys.com/2022/03/11/sezzle-layoffs-follow-wave-of-buy-now-pay-later-consolidation/ Hello and welcome to Protocol Fintech. This Friday: Sezzle layoffs and the Zip deal, Stripe’s Harry Potter types, and Square’s near-death experience. out of the chain Bessemer is dedicating $250 million of his latest fund, half of a Bain Capital Crypto, to Web3 projects. It’s also, more perplexingly, the launch of BessemerDAO, which looks like […]]]>

Hello and welcome to Protocol Fintech. This Friday: Sezzle layoffs and the Zip deal, Stripe’s Harry Potter types, and Square’s near-death experience.

out of the chain

Bessemer is dedicating $250 million of his latest fund, half of a Bain Capital Crypto, to Web3 projects. It’s also, more perplexingly, the launch of BessemerDAO, which looks like a crypto Discord group without even a token to fight with. The “Web3 community for founders, creators and operators” will be “centralized, but transparent” at first, and will become effectively decentralized over time. I guess that’s clear!

—Owen Thomas (E-mail | Twitter)

Cut now, merge later

Consolidation has come to the “buy now, pay later” industry as companies seek global scale. It’s not just about competing: they also have to fend off the biggest payments, banks and card companies in the world, who all seem to agree that offering installment plans is the new thing in consumer credit. consumption.

The last sign is a problem at Sezzle. The Minneapolis company agreed to sell itself to Australian Zip last month for $353 million. It’s common to see layoffs after a deal is done, but in Sezzle’s case, they happen long before the deal is done. The company said it would cut 20% of its North American staff, but according to a source who spoke to Protocol, the company cut 40% to 50% of its global employees as it sought to reduce his costs to sell his sale to Zip.

Global scale is essential for businesses that “buy now, pay later”. Doing business with big merchants and brands like Amazon, Walmart or Nike requires serious reach.

  • Klarna is perhaps the most global, operating in 45 countries, and has aggressively entered the US market. Affirm has long had a significant share of the US market and has deals with Amazon, Shopify and others. Block plans to boost Afterpay’s growth after closing its multi-billion dollar takeover deal.
  • Meanwhile, PayPal has enabled “buy now, pay later” services for its vast network of merchants. It recently acquired Japan’s Paidy, expanding its presence in Asia.
  • Zip needed Sezzle, especially for its US market and its strength with small and medium merchants. Sezzle has a deal with Target, but it’s not exclusive: Affirm also offers installment plans for Target shoppers.

Scale is also important for other reasons. Data is the lifeblood of buy now, pay later, and the more consumers and merchants you have, the more data you have.

  • Offering loans requires ever larger pools of data to determine who can repay a loan profitably and avoid losses.
  • “Buy now, pay later” companies tout their ability to increase checkout conversions. This, too, requires constant refinement of data-driven offerings and interfaces.
  • And “buy now, pay later” apps are evolving to offer a range of other financial services, becoming super apps. This not only includes purchases and payments, but also savings, crypto, and customer support.

With size comes more control. Regulators are looking at “buy now, pay later” as a new, largely unregulated form of consumer credit.

  • In December, the Consumer Finance Protection Bureau asked Affirm, Afterpay, Klarna, PayPal and Zip for information and data.
  • The UK’s FCA recently asked ‘buy now, pay later’ companies to change their terms for buyers to make them “fairer and easier to understand”.
  • In the United States, “buy now, pay later” is not regulated as strictly as credit cards, thanks to the whims of state rules around retail installment loans, but that could change.

Scale may be necessary, but it brings a whole new set of problems. The consolidation of “buy now, pay later” companies means that they are now in the same business as the same large credit and payment companies with which they increasingly compete. This means more control, more rules and potentially more constraints on their growth.

— Tomio Geron (E-mail | Twitter)

A MODERN TREASURY MESSAGE

Payments operations can waste finance, product, and engineering teams time and energy that would otherwise drive growth and deliver greater value to customers. Unsurprisingly, 86% of executives now prioritize improving their payment operations. Download our report to learn about the most costly payment challenges and how fast-moving businesses are solving them.

Learn more

on the money

Canadian police have seized $28 million worth of bitcoins in a ransomware case. Sébastien Vachon-Desjardins, a Canadian, was charged in Florida on charges of conspiracy to commit computer fraud and wire fraud, willful damage to a protected computer, and extortion.

South Korean regulators enforce a rule requiring choice in app payments. A law, approved last year, prohibits operators of app stores like Apple and Google from forcing developers to use their integrated payment systems. The directive comes into force on Tuesday.

FTX.US wants to go deeper into derivatives. CFTC Seeks Public Comment on Crypto Exchange’s Proposal trading in derivatives with clear margins directly for individual and institutional clients.

Merchants could get an eBay wallet. In an Investor Day presentation, eBay teased a “digital wallet” that could store funds for sellers. This could address a complaint from sellers who previously used their PayPal accounts to pay eBay fees and purchase goods. (No it’s not a crypto thing.)

Virginia has approved a bill allowing banks to provide crypto custody services to their customers. A state-chartered bank should meet three requirements before doing so, by implementing effective risk management systems, insurance coverage and a monitoring program for service providers.

Understood

Sasha de Marigny, brand communications manager at Bandagedthink people who have read the Harry Potter books might have his colleagues. “People often ask me to describe the average Stripe employee. The simplest answer: Hermione Granger. Lots and lots of Hermione Granger,” she tweeted.

To block co-founder Jim McKelvey believed the company, then called Square, was under death threat from Amazon after the e-commerce giant launched Amazon Register, a payment product with lower processing fees, in 2014. “When Amazon does this to a startup, the startup dies. When Amazon did this to Square, we were terrified,” he said in an interview with CNBC.

FBI director Christophe Wray don’t worry about Russia using crypto to circumvent sanctions. “The Russians’ ability to evade sanctions with cryptocurrency is probably greatly overstated by perhaps them and others,” he said during a Senate hearing.

Table

February was a tough month for most payments business as tech stocks swung and investors punished any hint of weakness in a company’s financial outlook. Both PayPal and Affirm were hit hard after earnings reports, while Block was boosted by its progress in turning Cash App into a super app.

How Payments Companies Fared in February

Image: Protocol

A MODERN TREASURY MESSAGE

Scaling a business that moves money isn’t easy. A bad process, bad software or luck can lead to costly mistakes and, even worse, distract from your main priorities. Yet many companies still struggle to build a scalable payment infrastructure. Download our report to learn about the top hurdles businesses face when upgrading their payment operations.

Learn more

Thanks for reading – see you Monday!

]]>
Opinion: Sunwing deal only first as hospitality sector faces consolidation pressures https://medielys.com/2022/03/02/opinion-sunwing-deal-only-first-as-hospitality-sector-faces-consolidation-pressures/ Wed, 02 Mar 2022 16:06:13 +0000 https://medielys.com/2022/03/02/opinion-sunwing-deal-only-first-as-hospitality-sector-faces-consolidation-pressures/ Entrepreneur Stephen Hunter took tough steps to ensure Sunwing Airlines and Sunwing Vacations survive the pandemic, cutting staff and borrowing money to ensure the business would still be around when restrictions were lifted and that Canadians could head south again in the winter. However, the general manager of the family business Sunwing knew that the […]]]>

Entrepreneur Stephen Hunter took tough steps to ensure Sunwing Airlines and Sunwing Vacations survive the pandemic, cutting staff and borrowing money to ensure the business would still be around when restrictions were lifted and that Canadians could head south again in the winter.

However, the general manager of the family business Sunwing knew that the invoices would eventually come due.

At the beginning of this year, the tour operator had to repay $327 million in loans from the federal government. At the same time, vacation travel was taking off and Sunwing had to spend money on leasing planes and rehiring pilots and flight attendants. Mr Hunter said the conflicting pressures of paying down debt while needing to invest more capital in expanding the business prompted Sunwing to review the WestJet Group’s pre-pandemic overtures and agree to sell the business his family started in 2002.

“We got to the point in the last few years where we couldn’t grow as much as we wanted to,” Hunter said in an interview. He said Sunwing was looking at options to deal with the seasonality of its business – its fleet is shrinking from 40 planes in winter to 15 in summer – before the pandemic put the company in debt. He said leveraging the market reach and financial strength of WestJet and its parent company Onex Corp. “helps us to overcome this difficulty”.

Sunwing’s financial challenges mirror what is happening to owners of hotels, restaurants, gyms, ski resorts and all sorts of other private businesses impacted by the pandemic. If they survived the past two years, they did so by cutting costs, burning savings and borrowing money.

Today, these entrepreneurs – the hospitality industry is dominated by family businesses – face the challenge of rebuilding their operations while paying down debt.

Sunwing owners are lucky to have a deep-pocketed buyer. Other companies facing the same headwinds are going bankrupt. Sky Regional Airlines Inc., based in Toronto, closed its doors last March, ending a decade of operation.

Mr. Hunter’s family and Sunwing’s minority shareholder, TUI Group, a German tour operator with a 49% stake, will take shares of WestJet in exchange for their business. The Hunter family and TUI will continue to own a collection of 30 hotels in the tropics.

Sunwing is privately owned, but disclosed that it borrowed $227.1 million under a federal government loan program and drew an additional $99.6 million from a credit facility. credit. It was expensive capital. The debt carried an interest rate of 5%, and Mr Hunter said that as a private company, Sunwing was also obligated to pay an additional 6% for credit insurance.

“With or without this deal, we were looking to repay that funding,” he said. “It will prove to be a good investment for Canadian taxpayers.

WetJet is unique among Canadian airlines for refusing government funding during the pandemic, a move that Hunter said made the Calgary-based airline a more attractive partner. WestJet and Sunwing declined to comment on the value of the transaction.

Toronto-based Onex acquired WestJet in 2019 for $5 billion, including assumed debt. Onex’s financial results, released last Friday, show that it funded the takeover with $980 million in equity. Of that total, US$196 million came from Onex, with the rest coming from its institutional investor clients.

Onex’s results show that, despite the pandemic, the company has received US$3 million in cash distributions from WestJet over the past two years.

WestJet chief executive Alexis von Hoensbroech, who took the top job less than two weeks ago after serving as chief executive of Austrian Airlines, says merging the two companies would be a victory for consumers and would mean more jobs in Canada,” as you combine Sunwing, a large tour operator with a small airline, with WestJet, a large airline that is a small tour operator.

Once Sunwing joins the fold, WestJet plans to expand a travel business focused on Florida, the Caribbean and Mexico to destinations the Calgary-based airline already serves, such as Arizona, California, Hawaii and the United States. ‘Europe. WestJet’s advisers on the transaction are investment bank Barclays and law firm Goodmans LLP.

The takeover requires regulatory approval — a process that helped derail Air Canada’s proposed acquisition of Transat AT Inc. last April — and is expected to close by the end of the year.

Your time is valuable. Receive the Top Business Headlines newsletter in your inbox morning or evening. register today.

]]>
Sezzle, Zip Deal Continue BNPL Consolidation https://medielys.com/2022/02/28/sezzle-zip-deal-continue-bnpl-consolidation/ Mon, 28 Feb 2022 19:43:14 +0000 https://medielys.com/2022/02/28/sezzle-zip-deal-continue-bnpl-consolidation/ This year is a bit like 2021, in at least one way: the buy-it-now, pay-later (BNPL) industry continues to consolidate. As reported late Sunday night (February 27), Australia’s Zip is buying Sezzle in a deal valued at $352 million. Read more: Zip to buy BNPL Rival Sezzle in $352m deal In any fledgling industry, the […]]]>

This year is a bit like 2021, in at least one way: the buy-it-now, pay-later (BNPL) industry continues to consolidate.

As reported late Sunday night (February 27), Australia’s Zip is buying Sezzle in a deal valued at $352 million.

Read more: Zip to buy BNPL Rival Sezzle in $352m deal

In any fledgling industry, the question is always to build or to buy. And at BNPL, where growth is the hallmark but where growth could pinch margins, the strategy has definitely been… to buy.

In a merger or acquisition, after all, scale becomes a reality once the deal closes, as assets and brands merge under one roof. For Zip and Sezzle, as Sunday’s announcement detailed, the combined entity will have 8.8 million customers and more than 60,000 merchants in the United States.

The deal was and isn’t entirely unexpected, as earlier this year Zip announced that it was considering acquiring Sezzle. Sezzle said in its fourth quarter results that it saw a 76% increase in the number of active merchants year over year. Additionally, active consumers were also up 51.5% year over year.

Admittedly, other offerings, as seen last year, dominate this one, price-wise. Late last year, PayPal agreed to buy Japanese provider BNPL Paidy for $2.7 billion; Square, of course, bought Afterpay for $29 billion, in a deal struck last month.

In our latest BNPL provider ranking, Sezzle is the fifth most popular BNPL app and Zip is the ninth. So we see that a combination of the two would immediately gain some presence among consumers.

Fortuitous timing?

When it comes to timing, geopolitics, war, and a general environment where inflation makes everything a bit more expensive, all should make BNPL a more popular payment option than ever. Visibility on its financial obligations leads to a better ability to anticipate cash needs; an uncertain interest rate environment may also deter individuals from traditional credit products. Thus, BNPL’s appeal is expected to span across a number of demographic boundaries, including PYMNTS research which finds that financially stable consumers find value with BNPL.

Also Read: Why Even Financially Worried Consumers Are Using Buy Now, Pay Later

The name of the game may indeed be the scale, which in turn lends itself to more transactions in the months and years to come. As Karen Webster noted in a column just as 2021 gave way to 2022, the BNPL battle continues to brew. Amazon, of course, works exclusively with Affirm and could eventually offer more than 150 million US Prime customers better cashback and other incentives to adopt BNPL. Walmart has been on board, since last year, with installment payments as well.

At the start of the year, it’s still not entirely fair to say that history is repeating itself in the BNPL space, at least in terms of mergers and acquisitions, but, to quote that old adage — if it does not repeat itself, it certainly rhymes.

——————————

NEW PYMNTS DATA: ACCOUNT OPENING AND LOAN SERVICE IN THE DIGITAL ENVIRONMENT

On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

]]>
CST Bulletin: Consolidation – ScreenPro Security Inc. https://medielys.com/2022/02/24/cst-bulletin-consolidation-screenpro-security-inc/ Thu, 24 Feb 2022 01:12:50 +0000 https://medielys.com/2022/02/24/cst-bulletin-consolidation-screenpro-security-inc/ The estimated breast cancer screening market breakdown is below: Picture 1 To see an improved version of Image 1, please visit:https://orders.newsfilecorp.com/files/7406/114505_3e2de4a9043ad8ae_002full.jpg According to the World Health Organization, the most common type of cancer incident in the United States is breast cancer, with an estimated 234,087 breast cancer cases and 41,904 deaths in 2018. Additionally, the […]]]>

The estimated breast cancer screening market breakdown is below:

Picture 1

To see an improved version of Image 1, please visit:
https://orders.newsfilecorp.com/files/7406/114505_3e2de4a9043ad8ae_002full.jpg

According to the World Health Organization, the most common type of cancer incident in the United States is breast cancer, with an estimated 234,087 breast cancer cases and 41,904 deaths in 2018. Additionally, the American Cancer Society estimated that there were approximately 276,480 new cases in the United States for 2020.

Add Biomedical’s future expansion plans in veterinary diagnostics represent another big opportunity as the global veterinary diagnostics market size was valued at USD 4.4 billion in 2018 and is expected to reach USD 9.5 billion by 2026, showing a CAGR of 10.0% over the forecast period. .

Source: https://www.fortunebusinessinsights.com/industry-reports/veterinary-diagnostics-market-101040

Add Biomedical is working towards full commercialization of its products in North America. Thanks to ScreenPro’s strong relationships in the distribution and logistics sector, the commercialization process should be accelerated. Further details will be announced at a later date.

Add Biomedical is a strategic acquisition and expands ScreenPro’s offerings in the screening/detection industry. Additionally, Add Biomedical is financially secure with over $1,000,000 in cash to aid its operations. Additionally, the injection of working capital will also help the Company accelerate its expansion and growth plans for this year. The possibility of using Add Biomedical’s technology in other sectors such as animal health represents a great opportunity for ScreenPro and its shareholders. We are delighted with the addition of Add Biomedical.” – Lena Kozovski, CEO.

Terms of trade:

The proposed acquisition is structured as a stock acquisition. The Company will acquire 100% of the securities of Target and the closing of the proposed acquisition is subject to customary terms and conditions, including, but not limited to:

  1. The Company will acquire the shares of Target for an aggregate purchase price of C$5 million (the “Buying price”). The purchase price will be satisfied by the issuance of units (the “Matching units“) the company.

  2. Each Consideration Unit will consist of one common share (one “Counterpart share”) issued at a deemed price of $0.15, and one common share purchase warrant (one “Consideration Mandate”) exercisable at $0.20 for a period of two years from the closing date.

  3. Issuance of Counterparty Units will be subject to receipt of regulatory approvals and may be subject to statutory hold periods.

  4. The Agreement contains customary representations, warranties, covenants, conditions and termination rights, and other customary information pursuant to applicable corporate and securities laws.

  5. The Board of Directors and the shareholders of the Company, if necessary, approving the Agreement and the issuance of the Consideration Units in exchange for the Target Shares.

  6. Receipt of approval from the Canaan Securities Exchange (the “CST”) for the proposed acquisition and issuance of the Consideration Units.

Reverse stock split

Following press releases from ScreenPro Security dated March 5, March 16 and October 29, 2021, its Board of Directors has decided to consolidate its issued and outstanding common shares (” Ordinary actions “) on the basis of ten (10) pre-consolidation ordinary shares for one post-consolidation ordinary share (the “Consolidation”).

The Company currently has 416,389,396 common shares issued and outstanding. Following the combination, the Company will have approximately 41,638,940 common shares outstanding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would otherwise have been issued will be rounded down to the nearest whole number, in accordance with Business Corporations Act (Ontario).

The shareholders of the Company approved, at the annual and special meeting of shareholders of the Company on March 15, 2021, the consolidation of the common shares of the Company at a ratio of up to one (1) post-consolidation share for each fifteen (15) pre-consolidation shares, and further authorized the directors of the Company to set the consolidation ratio.

The change in the number of issued and outstanding common shares resulting from the consolidation will not materially affect a shareholder’s percentage ownership of the Company, although such ownership will be represented by a smaller number of shares. ordinary.

The Company’s shares will begin trading on the CSE on a post-consolidation basis on February 24, 2022, under new CUSIP number 81100U201. The exercise or conversion price and the number of shares issuable under any of the Company’s outstanding convertible securities will be adjusted proportionately upon consolidation. The name of the Company will remain unchanged.

Completion of the Combination is subject to, among other things, the approval of the Canadian Securities Exchange.

Lena Kozovski, CEO of ScreenPro, said: “The consolidation of the company’s shares will allow ScreenPro to attract increased investor interest and therefore broaden the investor base and better enable the company to achieve fair value in the capital markets..”

About Screen Pro

ScreenPro provides turnkey coronavirus screening solutions to the private sector, including testing, tracking and tracing software. ScreenPro’s unique access to several high-quality test kit manufacturers and its strategic partnership with Canvas Labs in Vancouver and Integrated Explorations in Ontario. This platform enables ScreenPro to be a full-service national testing solutions provider across Canada.

For more information about ScreenPro and other company information, please visit the company’s website at www.screenprosecurity.com.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Lena Kozovski, CEO

Email: info@screenprosecurity.com

Forward-looking statements:

Certain statements in this press release may constitute forward-looking information, including statements relating to expectations regarding the proposed acquisition of Add Biomedical Inc, the consolidation of the company’s stock and the future development of ScreenPro’s business. Forward-looking information is often, but not always, identified with words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “will”. intention to”, “should”, and other expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. ScreenPro’s actual results could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the industries in which ScreenPro operates, prevailing economic conditions, changes in ScreenPro’s strategic growth plans and other factors, many of which are beyond ScreenPro’s control. ScreenPro’s management believes that the expectations reflected in the forward-looking information presented herein are reasonable, but no assurance can be given that such expectations will prove to be correct and such forward-looking information should not be relied upon unduly. Any forward-looking information contained in this press release represents ScreenPro’s expectations as of the date hereof and is subject to change after such date. ScreenPro disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114505

]]>
ScreenPro Announces Acquisition of Add Biomedical Inc. and Stock Consolidation https://medielys.com/2022/02/23/screenpro-announces-acquisition-of-add-biomedical-inc-and-stock-consolidation/ Wed, 23 Feb 2022 12:58:15 +0000 https://medielys.com/2022/02/23/screenpro-announces-acquisition-of-add-biomedical-inc-and-stock-consolidation/ ScreenPro Security Inc. (CSE: SCRN) (“ScreenPro” or the “Company”) is pleased to announce that the Company has entered into a share exchange agreement (“Agreement”) in connection with the acquisition proposed by Add Biomedical Inc. (“Add Biomedical” or the “Target”), a biomedical screening company initially focused on the detection of breast cancer. ScreenPro will acquire 100% […]]]>

ScreenPro Security Inc. (CSE: SCRN) (“ScreenPro” or the “Company”) is pleased to announce that the Company has entered into a share exchange agreement (“Agreement”) in connection with the acquisition proposed by Add Biomedical Inc. (“Add Biomedical” or the “Target”), a biomedical screening company initially focused on the detection of breast cancer. ScreenPro will acquire 100% of the issued and outstanding shares of Target, a private, arm’s length corporation established under the Business Corporations Act of British Columbia (the “Proposed Acquisition”). One of Targets flagship products is a rapid home test kit (CA15-3).

According to a recent market research report “Breast Cancer Screening Market Forecast to 2027 – Impact of COVID-19 and Global Analysis by Test Type (Blood Marker Tests, Imaging Test, Genetic Test, immunohistochemistry test); End User (Hospitals, Diagnostic Centers, Cancer Institutes, Research Laboratories) and Geography, published by The Insight Partners, the global breast cancer screening market is expected to reach US$6.2 billion. by 2027, from US$4.6 billion in 2019; it is estimated to grow at a CAGR of 4.8% from 2020 to 2027.

The estimated breast cancer screening market breakdown is below:

Picture 1

To see an improved version of Image 1, please visit:
https://orders.newsfilecorp.com/files/7406/114505_3e2de4a9043ad8ae_002full.jpg

According to the World Health Organization, the most common type of cancer incident in the United States is breast cancer, with an estimated 234,087 breast cancer cases and 41,904 deaths in 2018. Additionally, the American Cancer Society estimated that there were approximately 276,480 new cases in the United States for 2020.

Add Biomedical’s future expansion plans in veterinary diagnostics represent another big opportunity as the global veterinary diagnostics market size was valued at USD 4.4 billion in 2018 and is expected to reach USD 9.5 billion by 2026, showing a CAGR of 10.0% over the forecast period. .

Source: https://www.fortunebusinessinsights.com/industry-reports/veterinary-diagnostics-market-101040

Add Biomedical is working towards full commercialization of its products in North America. Thanks to ScreenPro’s strong relationships in the distribution and logistics sector, the commercialization process should be accelerated. Further details will be announced at a later date.

Add Biomedical is a strategic acquisition and expands ScreenPro’s offerings in the screening/detection industry. Additionally, Add Biomedical is financially secure with over $1,000,000 in cash to aid its operations. Additionally, the injection of working capital will also help the Company accelerate its expansion and growth plans for this year. The possibility of using Add Biomedical’s technology in other sectors such as animal health represents a great opportunity for ScreenPro and its shareholders. We are delighted with the addition of Add Biomedical.” – Lena Kozovski, CEO.

Terms of trade:

The proposed acquisition is structured as a stock acquisition. The Company will acquire 100% of the securities of Target and the closing of the proposed acquisition is subject to customary terms and conditions, including, but not limited to:

  1. The Company will acquire the shares of Target for an aggregate purchase price of C$5 million (the “Buying price”). The purchase price will be satisfied by the issuance of units (the “Matching units“) the company.

  2. Each Consideration Unit will consist of one common share (one “Counterpart share”) issued at a deemed price of $0.15, and one common share purchase warrant (one “Consideration Mandate”) exercisable at $0.20 for a period of two years from the closing date.

  3. Issuance of Counterparty Units will be subject to receipt of regulatory approvals and may be subject to statutory hold periods.

  4. The Agreement contains customary representations, warranties, covenants, conditions and termination rights, and other customary information pursuant to applicable corporate and securities laws.

  5. The Board of Directors and the shareholders of the Company, if necessary, approving the Agreement and the issuance of the Consideration Units in exchange for the Target Shares.

  6. Receipt of approval from the Canaan Securities Exchange (the “CST”) for the proposed acquisition and issuance of the Consideration Units.

Reverse stock split

Following press releases from ScreenPro Security dated March 5, March 16 and October 29, 2021, its Board of Directors has decided to consolidate its issued and outstanding common shares (” Ordinary actions “) on the basis of ten (10) pre-consolidation ordinary shares for one post-consolidation ordinary share (the “Consolidation”).

The Company currently has 416,389,396 common shares issued and outstanding. Following the combination, the Company will have approximately 41,638,940 common shares outstanding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would otherwise have been issued will be rounded down to the nearest whole number, in accordance with Business Corporations Act (Ontario).

The shareholders of the Company approved, at the annual and special meeting of shareholders of the Company on March 15, 2021, the consolidation of the common shares of the Company at a ratio of up to one (1) post-consolidation share for each fifteen (15) pre-consolidation shares, and further authorized the directors of the Company to set the consolidation ratio.

The change in the number of issued and outstanding common shares resulting from the combination will not materially affect a shareholder’s percentage ownership of the Company, although such ownership will be represented by a lower number of common shares. .

The Company’s shares will begin trading on the CSE on a post-consolidation basis on February 24, 2022, under new CUSIP number 81100U201. The exercise or conversion price and the number of shares issuable under any of the Company’s outstanding convertible securities will be adjusted proportionately upon consolidation. The name of the Company will remain unchanged.

Completion of the Combination is subject to, among other things, the approval of the Canadian Securities Exchange.

Lena Kozovski, CEO of ScreenPro, said: “The consolidation of the company’s shares will allow ScreenPro to attract increased investor interest and therefore broaden the investor base and better enable the company to achieve fair value in the capital markets..”

About Screen Pro

ScreenPro provides turnkey coronavirus screening solutions to the private sector, including testing, tracking and tracing software. ScreenPro’s unique access to several high-quality test kit manufacturers and its strategic partnership with Canvas Labs in Vancouver and Integrated Explorations in Ontario. This platform enables ScreenPro to be a full-service national testing solutions provider across Canada.

For more information about ScreenPro and other company information, please visit the company’s website at www.screenprosecurity.com.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Lena Kozovski, CEO

Email: info@screenprosecurity.com

Forward-looking statements:

Certain statements in this press release may constitute forward-looking information, including statements relating to expectations regarding the proposed acquisition of Add Biomedical Inc, the consolidation of the company’s stock and the future development of ScreenPro’s business. Forward-looking information is often, but not always, identified with words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “will”. intention to”, “should”, and other expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. ScreenPro’s actual results could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the industries in which ScreenPro operates, prevailing economic conditions, changes in ScreenPro’s strategic growth plans and other factors, many of which are beyond ScreenPro’s control. ScreenPro’s management believes that the expectations reflected in the forward-looking information presented herein are reasonable, but no assurance can be given that such expectations will prove to be correct and such forward-looking information should not be relied upon unduly. Any forward-looking information contained in this press release represents ScreenPro’s expectations as of the date hereof and is subject to change after such date. ScreenPro disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114505

]]>
Affordable debt consolidation https://medielys.com/2022/02/16/affordable-debt-consolidation/ Wed, 16 Feb 2022 23:09:09 +0000 https://medielys.com/2022/02/16/affordable-debt-consolidation/ Credit card spending has increased in the United States due to financial constraints caused by COVID-19. Texas leads the pack behind California for states with the highest increase in credit card debt, according to a Sept. 21 study by WalletHub. And low mortgage interest rates haven’t translated into low credit card interest rates. Surprisingly, the […]]]>

Credit card spending has increased in the United States due to financial constraints caused by COVID-19. Texas leads the pack behind California for states with the highest increase in credit card debt, according to a Sept. 21 study by WalletHub. And low mortgage interest rates haven’t translated into low credit card interest rates. Surprisingly, the median interest rate on all credit cards in the Investopedia Card Database for October 2021 is 19.49%.

These high interest rates can create financial hardship for people who have significant credit card debt. High payments can make it impossible to cover rising living expenses. Debtors who have fallen behind face relentless collection calls and sometimes debt collection lawsuits. Fortunately, there are solutions to this crippling debt. Let’s look at the most common options.

Secured or unsecured debt consolidation loans:

Unsecured debt consolidation loans involve taking out a low interest loan to pay off higher interest credit card debt. Since these loans have no collateral that the lender can seize or repossess, they require high credit scores and excellent debt-to-income ratios to reduce their risk. Most secured debt consolidation loans use home equity as collateral. In Texas, your home must be maintained at less than 80% when using equity, so not all of the equity is available through a refinance or 2nd mortgage . However, if you have sufficient equity, the credit score requirements are lower than for an unsecured loan because your home is collateral.

Debt management plan with credit counseling:

A credit counseling program can offer some of the benefits of a debt consolidation loan, including the need to make one monthly payment and lower interest rates. There is no need to take out a new loan since the rates on your existing debts are reduced, so good credit scores are not required, but you must afford the monthly payments. However, this is considered a “hard” program, so if you want to take on more debt (and have the ability to pay for it), then this is not a program you should consider. Based on your current interest

rate, the monthly payment is likely to be lower than your combined minimum payments, and these programs are designed to pay off the debt in about five years or less.

Debt Negotiation for Debt Relief

Debt negotiation, also known as debt settlement, is another common way to resolve crippling credit card debt and personal loans. This is a hardship program, and similar to credit counseling, it is not an option if you plan to apply for more debt before completing the program. These programs are usually structured to last around 24-48 months, depending on your monthly budget and negotiated amounts. Monthly program payments can cost less than half of minimum payments. A reputable program will not charge trading fees until a debt is settled.

The savings are the result of not making monthly payments to your creditors. Instead, money is deposited in an FDIC-insured special purpose account while debts are negotiated and settled for less than the total balances, one at a time. The program is ideal for those who are about to fall behind or those who have already fallen behind, as failure to make minimum payments will negatively affect a credit score. However, it can be a great alternative to bankruptcy, and since the program can be completed much faster than most other options, you can also start rebuilding your credit score quickly. All debt negotiation programs are not created equal. Debt Redemption trading fees are often 20-40% lower than foreign firms. They also have special resources to help Texans who have been sued by a creditor or debt collector.

Chapter 7 or 13 Bankruptcy:

Bankruptcy may be the shortest and cheapest way to settle a debt if you can qualify for Chapter 7. Many people with large incomes or non-exempt assets have issues that prevent Chapter 7 filing and chapter 13 might be the only form of bankruptcy available. In some cases Chapter 13 will be more expensive than a debt negotiation program, and in other cases it will be less expensive. If you are considering this option, consultation with a Texas bankruptcy attorney is necessary. Debt Buyback does not provide legal advice.

Get Free Debt Relief Consolidation

Affordable Debt Consolidation in San Antonio, TX also has several offices in the Lone Star State to help Texans struggling with crippling debt. If you’re considering debt consolidation loans, credit counseling, or debt settlement, a Texas Debt Specialist can provide you with a free, no-obligation phone or office consultation. We can also refer to Texas bankruptcy attorneys when needed. Learn about your options for resolving your debt today so you can start living your debt-free life. Call 800-816-1003 or visit https://affordabledebtconsolidation.com

For more coastal life, visit our website or follow our Facebook and Instagram.

]]>
Substantive Opinions on Consolidation and Non-Consolidation – Insolvency/Bankruptcy/Restructuring https://medielys.com/2022/02/16/substantive-opinions-on-consolidation-and-non-consolidation-insolvency-bankruptcy-restructuring/ Wed, 16 Feb 2022 08:29:23 +0000 https://medielys.com/2022/02/16/substantive-opinions-on-consolidation-and-non-consolidation-insolvency-bankruptcy-restructuring/ To print this article, all you need to do is be registered or log in to Mondaq.com. In this article, the authors review the elements to be included in a non-consolidation opinion issued to the lender in the context of a structured finance transaction by the board of the special purpose entity. Substantial consolidation is […]]]>

To print this article, all you need to do is be registered or log in to Mondaq.com.

In this article, the authors review the elements to be included in a non-consolidation opinion issued to the lender in the context of a structured finance transaction by the board of the special purpose entity.

Substantial consolidation is an equitable remedy under which a bankruptcy court disregards the separate legal existence of a debtor and pools the debtor’s assets and liabilities with one or more of its affiliates, in order to make distributions to creditors as part of a plan of reorganization or liquidation.

The Bankruptcy Code does not contain specific authorization for substantial consolidation. Instead, a bankruptcy court’s power to substantially consolidate affiliated entities derives from its general equitable powers.

When affiliated entities are substantially consolidated, intercompany claims between those entities are eliminated, the assets of the consolidated entities are pooled, and the claims of creditors on each entity are treated as against the common pool of assets. Substantial consolidation generally benefits creditors of one entity at the expense of creditors of another entity because each of the consolidated entities has a different debt ratio.

Lenders in structured finance transactions often require their borrowers to be special purpose entities (“SPEs”) in order to insulate the assets being financed and the cash flows from those assets from external factors, such as the performance other assets or financial condition. condition of SPE members. Substantial consolidation of an SPE with one or more of its affiliates goes against isolating the assets of the SPE, bringing them together in a common distribution pool.

HOW IT WORKS

To provide reassurance about the lender’s interest in the assets being financed and the cash flows from those assets, the lender in a structured finance transaction often requires that a notice of non-consolidation be issued by the structure’s board. welcome at closing.

A notice of non-consolidation states that if one or more parent entities of the SPE file for bankruptcy, the bankruptcy court would respect the separate legal existence of the SPE and not order the substantial consolidation of the assets and liabilities of the SPE with those of one or more of its parent entities, guarantors or affiliated managers (such as an affiliated property manager).

The opinion confirms that the SPE structure required by the lender will be respected in the event of bankruptcy and that the assets of the SPE will remain isolated and will not be grouped in a common distribution pool with those of the subsidiaries of the SPE.

Since the Bankruptcy Code does not contain prescribed standards for substantial consolidation, the standards for review were developed through the courts. Bankruptcy courts have developed multiple, complicated, and sometimes conflicting criteria for determining whether a SPE should be substantially consolidated with one or more of its parent entities. However, four important categories of factors emerged:

  1. Record keeping: the SPE must have separately identifiable assets and liabilities, as well as separate accounting records and financial statements.

  2. Operational issues: the SPE should be sufficiently capitalized and economically independent of its shareholders.

  3. Intercompany transactions: the SPE’s transactions with Affiliates must be at arm’s length and commercially reasonable terms, and guarantees of the SPE’s obligations by Affiliates and other credit support by Affiliates must be limited.

  4. Advantages and disadvantages: whether the benefits of the consolidation of assets outweigh the harm caused to creditors by the consolidation of assets.

Essentially, the courts seek to determine whether the assets and liabilities of the SPE can be separated from those of its affiliates and whether the SPE can operate as a stand-alone entity.

The courts are also considering whether the pooling of estates would cause injustice to creditors who relied on the separate credit and existence of the host structure.

Substantial consolidation can occur when the assets and liabilities of an SPE are “hopelessly intertwined” with those of its affiliates or when an SPE has to rely on its affiliates to conduct its business.

PRACTICAL ADVICE

Affiliates of the SPE that are included in the non-consolidation notice are referred to as non-consolidation notice “matches”.

  • The basic rule, and requirement in rated transactions, is to match the SPE with any equity owner (or group of affiliated equity owners) that owns 49% or more of the equity interests in the SPE, plus any Guarantor and any Affiliated Manager (collectively, the “Related Entities”).

  • The non-consolidation notice will have the SPE on one “side” of the notice and the related entities on the other. Other SPEs to be transacted, such as operating lessees or general partners of a limited partnership SPE, should be included on the SPE side of the non-consolidation notice, matched with related entities. No notice of non-consolidation is required between the SPEs involved in the transaction.

  • In real estate transactions involving both a mortgage loan and a mezzanine loan, the mezzanine borrower is not a required SVC for the purposes of the mortgage loan, as it has a separate debt which must be isolated from the debt of the mortgage borrower. Instead, the mezzanine borrower, as the owner of the mortgage borrower’s equity, should be included as a related entity in the mortgage non-consolidation notice.

Originally posted by Pratt’s Journal of Bankruptcy LawVolume 18, Number 1, January 2022.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Insolvency/Bankruptcy/Restructuring from the United States

]]>
BNPL Industry Consolidation: What Does It Mean? https://medielys.com/2022/01/11/bnpl-industry-consolidation-what-does-it-mean/ Tue, 11 Jan 2022 01:01:42 +0000 https://medielys.com/2022/01/11/bnpl-industry-consolidation-what-does-it-mean/ Buy Now, Pay Later (BNPL) services have grown significantly, especially since the onset of COVID-19, which has accelerated digitization, merchant adoption and consumer demand. Collaboration can be mutually beneficial for banks, financial institutions and fintechs As customers opt for new online payment methods, more and more online and in-store merchants are joining BNPL platforms. Additionally, […]]]>

Buy Now, Pay Later (BNPL) services have grown significantly, especially since the onset of COVID-19, which has accelerated digitization, merchant adoption and consumer demand.

Collaboration can be mutually beneficial for banks, financial institutions and fintechs

As customers opt for new online payment methods, more and more online and in-store merchants are joining BNPL platforms. Additionally, BNPL’s financial sector is heating up as more young people turn to these services, with 36% of 21-25 year olds using BNPL in the United States, according to Forbes.

With the growth of the largely unregulated BNPL sector and the accumulation of untraceable debt, the regulator sits down and takes note. Regulation is inevitable and will displace the entire BNPL space, leaving a void in the market for compliant vendors. There is a window of opportunity to fill that void, and that’s where collaboration comes in.

According to data from McKinsey’s consumer loan pools, fintechs currently hold the majority of BNPL’s market share and have already captured around $ 8 billion to $ 10 billion in annual consumer finance revenue.

However, banks have actively moved into space. Since they are already in compliance with financial regulations, they just need a way to bring their competitive consumer finance programs to the point of sale (POS) – that is, when looking to collaborate. with fintechs.

Therefore, consolidation will be driven by banks and financial institutions seeking to leverage fintech technology solutions to become powerful BNPL players, and not just fintechs rushing to partner with banks to get started. compliance.

Growing benefits for both parties result in consolidations and cross-sector partnerships. Successful partnerships are not only those that enable regulatory compliance, but also those that rely on aligning values ​​and enhancing each party’s core strengths.

The arrival of acquisitions

Mergers and acquisitions (M&A) typically involve one entity realizing that another company is bringing value and potential. The result is often that one company swallows another. In my opinion, however, the real power of consolidation lies in recognizing and conserving the true nature of each business to contribute to mutual growth.

For example, the acquisition can be restrictive since the entire mission of the secondary entity often serves the primary purpose of the business rather than serving its own objectives of innovation and growth.

Real partnerships are formed

On the other hand, in the case of partnerships, the collaborating companies also benefit from the audience and reach of the other. Instead of inhibiting each other’s growth, a true partnership stimulates growth and encourages cross-pollination from one to the other. I have always found that true collaboration is based on mutually beneficial partnerships and shared values.

An example of such a partnership is Klarna and Stripe, two of the world’s largest private fintech companies, which have teamed up while maintaining their own independent identities. Stripe has entered into a strategic partnership with Klarna to offer the Swedish company’s BNPL payment method to its merchants without acquiring the company.

Without these types of mutually beneficial partnerships between banks and fintechs in the BNPL space, banks will not only lose lending volume but also consumers by turning to fintech companies. By partnering with FinTech providers, not necessarily through acquisition, banks can win back and keep customers close and strengthen customer relationships, value and experience.

Global expansion for victory

Recently, Global Processing Services raised over $ 300 million to accelerate the global revolution in technology and fintech, showing the important role of the fintech industry in the world.

While some may argue that the top performing fintechs retain a niche in terms of markets and products, others favor expansion.

Global expansion into different markets, through consolidations and partnerships, fuels innovation and original thinking as companies face new challenges and must find solutions to the demands of different markets. It also means that companies can apply fundamental lessons from one market to another and expand their customer base by partnering with entities with a global presence.

As traditional financial barriers fall and the world simultaneously becomes more interconnected, new cross-border collaborations and partnerships between fintech companies and banks will be essential for the future of the financial services industry and the tech sector.

COVID-19 has also proven that it is not just large corporations and financial institutions that can adapt to a “digital first” approach. In fact, their timeframes for new product introductions need to speed up dramatically, which can be achieved through partnerships forged overnight. Expect to see a lot more happening – very quickly.

]]>
5 Low Price-to-Book Stocks to Buy in December – December 7, 2021 https://medielys.com/2021/12/07/5-low-price-to-book-stocks-to-buy-in-december-december-7-2021/ Tue, 07 Dec 2021 08:00:00 +0000 https://medielys.com/2021/12/07/5-low-price-to-book-stocks-to-buy-in-december-december-7-2021/ The price-to-book (P/B) ratio is widely favored by value-oriented investors to identify low-priced stocks offering exceptional returns. The ratio is used to compare the market value/price of a stock to its book value. The P/B ratio is calculated as follows: P/B ratio = market price per share / book value of equity per share The […]]]>

The price-to-book (P/B) ratio is widely favored by value-oriented investors to identify low-priced stocks offering exceptional returns. The ratio is used to compare the market value/price of a stock to its book value.

The P/B ratio is calculated as follows:

P/B ratio = market price per share / book value of equity per share

The P/B ratio reflects the number of times investors’ book value is willing to pay for a stock. So if the stock price is $10 and the equity book value is $5, investors are willing to pay double the book value. Ideally, a P/B value below 1.0 is considered good, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value below 3.0.

The P/B ratio helps identify low-priced stocks that have high growth prospects. ESA Technology (ASX free report), Knowledge base home (KBH free report), celestial (CLS free report), DXC Technology Company (DXC free report) and Atlas Corp. (ATCO Free Report) are some of those choices.

What is the book value?

There are several ways to define book value. Book value is the total value that would remain, according to the company’s balance sheet, if it went bankrupt immediately. In other words, it’s what shareholders would theoretically receive if a company liquidated all of its assets after settling all of its liabilities.

It is calculated by subtracting the total liabilities from the total assets of a business. In most cases, this equates to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine book value.

Understanding the P/B ratio

By comparing the book value of equity to its market price, we get an idea if a company is undervalued or overvalued. However, like the P/E or P/S ratio, it is always best to compare P/B ratios within industries.

An AP/B ratio of less than one means the stock is trading at a price below its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P/B ratio of 2 means we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.

But there is a caveat. An AP/B ratio of less than one can also mean that the company is getting low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the price of the stock may be significantly high – thereby pushing the P/B ratio to more than one – in the likely event that it has become a buyout target, reason enough to hold the stock. .

Moreover, the P/B ratio is not without limits. It is useful for businesses – such as finance, investments, insurance, and banking or manufacturing companies – with many liquid/tangible assets on the books. However, this can be misleading for companies with large R&D expenses, high debt, service companies, or those with negative earnings.

In any case, the ratio is not particularly relevant as a stand-alone number. Other ratios such as P/E, P/S and debt/equity should be analyzed before making a reasonable investment decision.

Screening Parameters

Price to Book (common Equity) below the X-Industry median: A lower P/B relative to the industry average implies that there is enough room for the stock to win.

Selling price below median X-Industry: The P/S ratio determines how much the market values ​​each dollar of the company’s sales/revenue – a lower ratio than the industry makes the stock attractive.

Price/earnings ratio using F(1) estimate below industry median X: The P/E (F1) ratio values ​​a company based on its current share price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P/E ratio to the future growth rate of the company. The PEG ratio gives a more complete picture than the P/E ratio. A value below 1 indicates the stock is undervalued and investors should pay less for a stock that offers good earnings growth prospects.

Current price greater than or equal to $5: They must all trade at a minimum of $5 or more.

Average volume over 20 days greater than or equal to 100,000: Substantial trading volume ensures that the stock is easily tradable.

Zacks rating less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score of A or B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks #1 or 2 ranking, offer the best opportunities in the investment space valuable.

Here are our five picks from the 15 stocks that qualified the selection:

ASE Technology Holding is a provider of semiconductor manufacturing services in the areas of assembly and testing.

ASE Technology Holding forecasts an EPS growth rate of 26.9% over 3 to 5 years. ASE Technology Holding currently has a Zacks Rank #2 and a Value Score of A. You can see the full list of today’s Zacks Rank #1 stocks here.

Knowledge base home is a well-known home builder in the United States and one of the largest in the United States. KB Home forecasts an EPS growth rate of 36.7% over 3 to 5 years.

KB Home currently has a Zacks Rank #2 and a Value Score of A.

celestial is one of the world’s largest electronics manufacturing services companies, serving the computer and communications industries.

Celestica has a Zacks rank of No. 2 and a value score of A. Celestica has an expected 3-5 year EPS growth rate of 10.2%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank #2 and a Value Score of A.

DXC Technology Company was formed by the merger of Computer Sciences Corporation (“CSC”) and the business services division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company has a forecast of 3-5-year EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent charterer and manager of container ships.

Atlas Corp. forecast an EPS growth rate of 27.9% over 3 to 5 years. Atlas Corp currently has a Zacks Rank #1 and a Value Score of A.

Get the rest of the stocks on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and back testing software.

The research assistant is a great starting point. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your search assistant trial today. And the next time you’re reading an economic report, open up the research assistant, plug in your findings, and see what gems come out.

Click here to sign up for a free trial of Research Assistant today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in the options mentioned herein. An affiliated investment adviser may hold or have shorted securities and/or hold long and/or short positions in options mentioned herein.

Disclosure: Information on the performance of Zacks portfolios and strategies is available at: https://www.zacks.com/performance

]]>