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A new report issued by the American Society of Human Genetics indicates that human genetics and genomics grew over $200 billion since 2010, and has supported 850,000 U.S. jobs. ....
Castor Maritime (NASDAQ: CTRM), which used the gullibility of small investors to buy cargo ships. Stocks with tiny market caps are easy to manipulate. All it takes is a story. Our Matt McCall surmises that Naked Brands became attractive simply because of its ticker symbol, NAKD. It’s the kind of thing middle-school boys will snigger about in hallways, and many WallStreetBets players are no smarter. But much like AMC Entertainment (NYSE: AMC), which used its short squeeze to recapitalize with stock, Naked Brands management seized its 15 minutes of fame. They sold stock to put over $200 million on the balance sheet. They are dumping Bendon, the store chain that had been behind the company in the first place. Now they claim to be an e-commerce play with cash on the balance sheet, hungry for acquisitions. That’s why the shares aren’t back down to 22 cents. ....
Naked Brand shareholders approve Bendon sale to management 27 Apr, 2021 05:35 AM 2 minutes to read The majority of Bendon s retail stores are in New Zealand, with most of its revenue generated here. Photo / Adam Pearse The majority of Bendon s retail stores are in New Zealand, with most of its revenue generated here. Photo / Adam Pearse NZ Herald Shareholders of Nasdaq-listed Naked Brand Group have approved the divestment of Auckland-based lingerie chain Bendon to a group of existing management. Proxy votes were cast in favour of the deal at Naked s annual shareholders meeting in Sydney, despite most shareholders residing in the US. A preliminary vote tally showed 114.1 million shares were voted in favour of the deal and 1.97 million against, according to a US SEC filing. ....
Make or break time for Bendon as shareholders prepare to vote on management buy-out 18 Apr, 2021 05:00 PM 4 minutes to read Heidi Klum on set at a 2014 campaign shoot for Bendon, which is being sold by Naked Brand as it focuses on its e-commerce business. Photo / File Heidi Klum on set at a 2014 campaign shoot for Bendon, which is being sold by Naked Brand as it focuses on its e-commerce business. Photo / File Shareholders for the owner of Auckland-based lingerie chain Bendon will this week vote on a management buy-out. Bendon s Nasdaq-listed owner Naked Brand Group (Naked) announced plans earlier this year to restructure and dispose of its ....
April 01, 2021 12:15 AMPleasure SYDNEY Australian intimate apparel maker Naked Brand Group Limited has completed multiple strategic capital financings resulting in cash proceeds of $270 million and the elimination of all previous debt servicing obligations. The publicly-traded company also regained compliance in late February under Nasdaq listing requirements and is in the final stages of receiving the necessary regulatory approval and preparing to seek shareholder approval for the previously announced divestiture of its brick-and-mortar operations. Naked Brand Group expects to complete the divestiture of its Bendon brick-and-mortar operations in the second calendar quarter of 2021, allowing the company to focus exclusively on the planned rapid acceleration of its e-commerce business. In conjunction with the digital transformation, the company will be able to leverage its brand and platform to build out proprietary technology to meet the needs of consumers. ....