LATTICE80 set up a foundation to offer free education to local students in Singapore

“Never give up. Today is hard, tomorrow is worse, but the day after tomorrow will be sunshine.

– Jack Ma

Hi All,

I was back in Singapore last week to host 9 awesome startups with MITA(Agency for Science, Innovation and Technology) from Lithuania.

It is always a great joy to meet entrepreneurs and hear how they are trying to make a world better place. And it is almost impossible not to hear about Blockchain wherever I go these days. The story of startup raised 37 million USD in 18 minutes shows how the market is changing rapidly.

To support future entrepreneurs to bring the next generation revolutions, we have decided to set up LATTICE80 foundation in Singapore.

Our very first project will be providing free blockchain courses to local students in Singapore.

Hopefully this effort will be a small contribution to the community and we can do more over time.

Stay tuned with upcoming updates and do join us to do more together!

Regards,
Joe

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A Peek Into The Markets: U.S. Stock Futures Up Ahead Of Beige Book

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The Chicago PMI for May is schedule for release at 9:45 a.m. ET, while the pending home sales index for April will be released at 10:00 a.m. ET. The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET. Dallas Federal Reserve Bank President Robert Kaplan is set to speak in New York City at 8:00 a.m. ET, while San Francisco Federal Reserve Bank President John Williams is set to speak in Seoul at 7:30 p.m. ET.

Futures for the Dow Jones Industrial Average climbed 19 points to 21,034.00, while the Standard & Poor’s 500 index futures rose 2.75 points to 2,413.50. Futures for the Nasdaq 100 index climbed 15.25 points to 5,807.00.

Oil prices traded lower as Brent crude futures fell 2.33 percent to trade at $50.63 per barrel, while US WTI crude futures dropped 1.97 percent to trade at $48.68 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index gaining 0.43 percent, STOXX Europe 600 Index rising 0.16 percent and German DAX 30 index gaining 0.42 percent. The UK’s FTSE index was trading higher by 0.41 percent, while French CAC 40 Index rose 0.23 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.14 percent, Hong Kong’s Hang Seng Index fell 0.16 percent, China’s Shanghai Composite Index gained 0.23 percent and India’s BSE Sensex fell 0.04 percent.

Broker Recommendation

Analysts at Baird upgraded VMware, Inc. VMW from Neutral to Outperform.

VMware shares rose 0.84 percent to $97.55 in pre-market trading.

Scott Bauer’s Momo Options Trade

Scott Bauer of Trading Advantage suggested on Bloomberg Markets a bullish options strategy in Momo Inc (ADR) MOMO.

The company is going to report earnings on Tuesday and the options market is anticipating a $5 move in either direction. Bauer thinks that the stock is going higher and he wants to buy the May 46/49 call spread for $0.80. The trade breaks even for $46.80 or 9.27 percent above the current market price. It can maximally make a profit of $2.20.

SHEDDING LIGHT ON SOLIS TEK INC (OTCMKTS:SLTK)

Solis Tek Inc (OTCMKTS:SLTK) is a rising superstar in the green sector. They have vertically integrated their entire business model and even diversified to other related sectors to lessen their market risk. Let us shed light on this very interesting company whose product portfolio includes efficient indoor horticulture lighting, which has applications not only for the legal cannabis market, but also reaches out to take the aquaponics sector. Now that’s a bright future!

SLTK has the proverbial finger in every pie for the green industry; they have operations beginning from research and then manufacturing and then retailing consumers. They market their products to institutional buyers and also cater to end consumers. While they are more well-known in the cannabis sector, they also have branched out to horticulture, specifically aquaponics, with their new line-up of products.

Another piece of news that makes Solis Tek Inc (OTCMKTS:SLTK) such a rising star is their growing market. Regarding bottom-line financials, we can practically hear the enthusiasm and optimism of management. Dennis G. Forchic, Chief Executive Officer of Solis Tek, on quarter financial standings, reported:

“In the first quarter of 2017, we delivered record top line revenue and significantly improved gross margins. Our strong revenue performance drove record gross profit for Solis Tek and although net income was negative according to GAAP, on a Non-GAAP adjusted basis we were almost break-even for the quarter.” He further stated, “As a company focused on providing products and solutions to commercial and non-commercial cannabis cultivators, we are uniquely positioned to capitalize on the rapid growth of the cannabis market. Solis Tek is a strong nationally recognized brand in lighting for the cannabis industry and has established itself as a supplier of lighting to top growers for nearly a decade. Our first quarter of 2017 was highlighted by a number of new clients acquiring our digital lighting products as well as a number of significant expansion projects from our existing customers. I believe Solis Tek is poised to continue to build market share within the cannabis industry and I am excited to have joined the Company at an inflection point in its growth and path towards maximizing its potential.”

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With the incoming legalization of recreational marijuana in Nevada this July, we can expect more revenues for SLTK.

Their financial history also shows an increasing pace. According to the SLTK press release:

“…reported record revenues for the year ended December 31, 2016 of $8,563,751 compared to revenue of $7,713,456 in 2015. This represents an 11% increase in revenue over 2015. Gross profit for the years ended December 31, 2016 and 2015, was $3,123,859 and $2,719,036, respectively. The gross profit increase of $404,823 or 15% was primarily due to the increase in revenue.

Business and Financial Highlights for 2016

– Company had revenues of $8,563,751 for 2016; up 11% from full year 2015;

– Gross Profit of $3,123,859 for fiscal 2016; up 15% from full year 2015;

– Gross Margins increased to 36.5% up from 35.3% in 2015;

– Cash balances increased 159% year over year;

– Won Dope Magazine’s 2016 Best Lighting Company Award.”

SLTK is still in ranging mode; there is a bollinger band squeeze and lessening of volume after the stock broke the near-term resistance of 1.900 and has made a new support line around 1.6375. Stock is currently trading at 1.72 with RSI at 49, supporting the view that it is still ranging. We could see a big impact come July when legalization for Nevada pushes through. Many investors will be in accumulation phase whenever they see opportunity to buy this stock , namely when it hits support lines. For continuing coverage on shares of $SLTK stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!