In a new letter Monday, Supreme Court nominee Brett Kavanaugh said he would “not be intimidated into withdrawing from this process.”
“The coordinated effort to destroy my good name will not drive me out,” he said in the letter to the Senate Judiciary Committee. “The vile threats of violence against my family will not drive me out. The last-minute character assassination will not succeed.”
Kavanaugh referenced the allegations of sexual misconduct against him as “smears, pure and simple…Such grotesque and obvious character assassination—if allowed to succeed—will dissuade competent and good people of all political persuasions from service,” he wrote.
The letter was sent out just hours following President Donald Trumps reconfirmed his support for Kavanaugh, less than 24 hours after another woman came brought on a new set of sexual misconduct allegations against him.
“He is a fine man with an unblemished past, these are highly unsubstantiated statements from people represented by lawyers,” Trump told reporters in New York, where he’ll be attending the United Nations General Assembly. “Judge Kavanaugh is an outstanding person. And I am with him all the way.”
“There is a chance this could be one of the single most unfair, unjust things to happen to a candidate for anything,” added Trump. “It is totally political.”
His comments came after a report by The New Yorker whereby Deborah Ramirez said that while she and Kavanaugh both attended Yale University in the early 1980s, he pulled down his pants and exposed himself to her.
“I remember a penis being in front of my face,” said Ramirez, who said that she had been drinking. “I knew that’s not what I wanted, even in that state of mind.”
Three sources familiar with the accusation told NBC about Ramirez’s accusation in the last week. Ramirez, 53, is the same age as Kavanaugh and they both graduated from the university in 1987.
On Monday, the Montgomery County Sentinel released a report stating that local investigators were looking at more allegations against Kavanaugh following an unconfirmed witness that came forward. The paper said it was unclear whether the claims were related to those tweeted by attorney Michael Avenatti on Sunday night.
The Montgomery County Police Department disputed elements of the report in an afternoon statement. “At this time, the Montgomery County Police Department has not received a request by any alleged victim nor a victim’s attorney to initiate a police report or a criminal investigation regarding Supreme Court nominee Brett Kavanaugh,” it said.
The new allegations come days before a scheduled Senate Judiciary Committee hearing for Thursday in which the first woman accusing Kavanaugh of sexually assaulting her when they were in high school, Christine Blasey Ford, will testify publicly and Kavanaugh will testify in response.
On Monday, most congressional Republicans remained silent on the latest allegations, with a few publicly defending Kavanaugh as Democrats called for either a delay in a planned hearing on Thursday with the first accuser or a formal FBI investigation into the most recent allegations.
“I am writing to request an immediate postponement of any further proceedings related to the nomination of Brett Kavanaugh,” Feinstein wrote in a letter to Sen. Chuck Grassley, R-Iowa, the Judiciary Committee chair.
The Roller Coaster Ride On Shutterfly (SFLY) Stock
Shutterfly (SFLY) has been one of the most important companies in the photofinishing industry with the range of services that it offered. Over the past twenty years, the company had been involved in services like digital photo storage, customized merchandise, and print processing among others. However, the company is now all set to make an exit from the business that they have built up over the years by selling it to Apollo Global Management.
Last week, the company announced that it had accepted the offer that had been made by Apollo and some experts claim that the investors in Shutterfly might not be entirely happy with the final payout.
Apollo is going to fork out $51 per share for the acquisition and that might not make many investors happy, considering the fact that it is just 1.5% higher than the closing price of the Shutterfly stock on Monday. However, there is another way of looking at it.
The news of a potential acquisition by Apollo had first been reported back on 23 April and it was then that the stock started climbing. If the price prior to that surge is taken into consideration, then the shareholders are looking at a 31% premium on their shares.
What Are Investors Saying?
That being said, the investors still have a lot to be upset about, since Shutterfly stock had been trading at $100 on June 5 last year. However, it is quite clear that the price offered by Apollo is the best deal since no other bidder has come forward with a counteroffer. Apollo will be paying out $2.7 billion for the acquisition.
Shutterfly’s business started showing weaknesses towards the end of last year and the company’s acquisitions at the time did not really make a big dent in the revenues. Although the business has shown weaknesses, it is important to note that Apollo clearly sees a future in the company; otherwise, it would not have forked out $2.7 billion for the company.
While the company will continue to be in business, it has been a pretty harrowing experience for people who had invested in the company.
Stock Price Mid-Day Update
What a way to start the week. The markets are green right now and even ahead of all of the expected financial meetings this week, sentiment is high. That’s true too for the companies we talked about this morning. So let’s dive in and get everyone caught up to speed.
ParcelPal Technology Inc. (PKG.CN) (PTNYF) Jumps On Integration News
ParcelPal Technology Inc. (PKG.CN) (PTNYF) has been on the move for most of the month and the recent jump comes on the heels of this penny stock announcing integration on the Shopify platform. If you’re wondering, this is the same Shopify that trades publicly at OVER $300 a share!
Now the deal was first scooped by Benzinga and was later confirmed when ParcelPal formally announced the deal later in morning. Businesses of any kind, notably cannabis merchants will be able to integrate their Shopify eCommerce store nearly instantly to ParcelPal’s ecosystem.
These merchants will enable their customers to tap into ParcelPal’s network and have their products delivered in an hour or less. ParcelPal has begun this process with Choom and Kiaro. You can read more about the ParcelPal/Shopify News Here. Since June 3, ParcelPal is up by more than 35% and we, for one, will continue to bring more updates as we find them.
GT Biopharma, Inc. (GTBP) Consolidation Could Lead To More Excitement
GT Biopharma, Inc. (GTBP) continues to pick up the pace. Since we initiated coverage on the company, we’ve watch GTBP climb as much as 30% and as of today, it’s still up by roughly 12.5% in just over a week. We have seen a bit of consolidation to start this week but that could open the door to more excitement in June. The big focus for GTBP onlookers has been on its immunotherapy portfolio.
The bottom line here is that big money is pouring into cancer-focused companies specifically. The fact that as we write this, Pfizer is in the middle of an $11 billion dollar deal to buy a cancer therapy company should be even more proof of this focus.
To date, GT Biopharma has completed one dose escalation Phase I-II expansion clinical trial, and one fixed dose Phase I-II expansion clinical trial, which collectively enrolled a combined 43 patients. On the surface, the Phase I-II expansion clinical trial demonstrated greater than 50% of Evaluable patients receiving 60 mg/kg dose had a positive clinical response.
Two patients exhibited a Complete Remission with one patient currently disease-free at 50 months post-treatment. Additionally, five patients exhibited Stable Disease, cancers that are neither increasing nor decreasing in severity, with the longest response lasting 12 months post-treatment. In addition to this, the company’s therapy has also shown that it could target HIV infected cells in the University of Minnesota’s preclinical testing. Not only that but in specific tests, data showed that HIV-infected targets that express the HIV envelope on their surface could be eliminated. We’ve put together a full report on GTBP so click here for more info.
Liberty Defense Holdings, Ltd. (SCAN.V) Surges On German Deal
We brought this back to the attention of our members earlier last week and since then things have been quite exciting to say the least. Here’s why: Liberty Defense was trading at CAD$0.69 and today we’ve witnessed a big boom to highs of $0.85 after making another big MOU announcement. What was the news? Liberty Defense (SCAN.V) will be collaborating with FC Bayern München to beta test HEXWAVE. You can read the whole PR here.
This is what Bill Riker, CEO of Liberty Defense, said about this deal, “The reception to our HEXWAVE product has been fantastic and we are excited about working alongside FC Bayern Munich, a team that is a household name in both Europe and North America. Our ability to deploy in both indoor and outdoor settings, with covert and overt applications, sets us apart and has also been driving increasing interest from the market.”
Stock Price Monday Morning Update – June 17, 2019
ParcelPal (PKG.CN) (PTNYF) & Shopify (SHOP) Integration Opening Big Doors For Cannabis In Canada
Originally scooped by Benzinga (see: Scoop: Shopify And ParcelPal To Integrate For Cannabis Delivery In Canada), ParcelPal has formally announced that it will be integrating with Shopify to offer cannabis products to customers of Shopify shops. This will be available in Vancouver, Calgary, and Saskatchewan. Customers ordering from Shopify stores in these areas will be able to receive cannabis at their own homes.
Liberty Defense (SCAN.V) to Collaborate with FC Bayern München to Beta Test HEXWAVE
VANCOUVER and MÜNCHEN, Germany, June 17, 2019 /PRNewswire/ – Liberty Defense Holdings, Ltd. (“Liberty”) (TSXV: SCAN; FRANKFURT: LD2), a leader in security and weapons detection solutions, is pleased to announce that the company has signed a Memorandum of Understanding (“MOU”) with the German soccer team, FCBayern München (“FC Bayern”), a German football club based in Munich, Bavaria (“Bayern”) to beta test HEXWAVE.
Big Investments Are Signaling The Green Light For A ‘Hot Market’ With Cancer-Fighting Stocks
If you’ve ever invested in the stock market or traded a single share, chances are you’ve familiarized yourself with the “hot markets”. These are the ones that consistently see enormous volatility and gains that most only dream of.
Disclaimer: MIDAM VENTURES LLC has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to May 1, 2019. Midam Ventures has been compensated $200,000 by Parcel Pal and has extended coverage to June 1, 2019. Midam Ventures has been compensated $200,000 by Parcel Pal and has extended coverage to July 1, 2019. We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.
Pursuant to an agreement between MIDAM VENTURES, LLC and Liberty Defense Holdings Inc. Midam was hired for a period from 04/15/2018 – 5/15/2019 to publicly disseminate information about Liberty Defense Holdings Inc. including on the Website and other media including Facebook and Twitter now extended through June 21, 2019. We were paid $350,000 (CASH) for & were paid “0” shares of restricted common shares. We may buy or sell additional shares of Liberty Defense Holdings Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Click Here For Full Disclaimer
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