The firm currently plans to pay no dividends on its shares and anticipates that it will use any future earnings to reinvest back into the business. We believe that our cash and cash equivalents as of December 31, 2022, and the future operating cash flows of the entity may not provide adequate resources to fund ongoing cash requirements for the next twelve months. We characterize small websites as those that generate annual cash flows of up to $5 million per year. The MarketWatch News Department was not involved in the creation of this content. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Copyright 2023. Regarding outstanding legal proceedings, management says the firm is currently not a party to any material legal actions. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. WILMINGTON, Del., April 12, 2023 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) (Onfolio or the Company), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, announces financial results for the fourth quarter and full year ended December Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Selling, G&A expenses as a percentage of total revenue have varied as revenue has decreased; its Selling, G&A efficiency multiple swung into negative territory as topline revenue declined. All Rights Reserved. EF Hutton is the sole underwriter, and IPOs led by the firm over the last 12-month period have generated an average return of negative (39.5%) since their IPO. [CDATA[*/document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime());/*]]>*/, /**/. This information is provided for illustrative purposes only. The firm acquires and operates websites in various industry verticals. (EDGAR Online via COMTEX) -- The company today announced the launch of a generative AI We recognized approximately $300,000 in expenses, such as acquisitions costs related to our fourth quarter 2022 acquisitions, higher than normal legal and professional fees, including some tied to our IPO, and one-time growth expenses for newly acquired businesses, in the first quarter that are not expected to recur moving forward. No representations and warranties are made as to the reasonableness of the assumptions. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Onfolio Holdings IPO Opens Lower. Total revenue in the first quarter of 2023 of $1.35 million grew approximately 20% sequentially, and we recognized sequentially higher revenue each month since December, culminating in March representing our highest monthly revenue total ever, thanks to primarily the four acquisitions we have made since our IPO. The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A third of workers would take a pay cut for more flexibility, Dow ends 700 points higher as stock-market rally puts S&P 500 on verge of bear-market exit. WebSelling our business to Onfolio was a really pleasant, smooth and easy process, from start to finish. Get them exclusively at IPO Edge. **Note: All share amounts and per share amounts have been presented to reflect the 1 -for- 4.7619 reverse stock split of our outstanding shares of common stock that occurred on Aug. 11, 2022. In the last year, Onfolio Holdings Inc. generated $1.7 million in revenue and had a net loss of $2.6 million. Here's what we know about the IPO and how to buy Onfolio Holdings stock in Canada. In terms of it This offering is no longer availableSign Up to participate in future offerings. Stock Markets. Les Holdings Onfolio, Inc. annonce ses rsultats pour le premier trimestre termin le 3.. 04/12: Les Holdings Onfolio, Inc. annonce ses rsultats pour l'exercice clos le 31 dcembre 20.. 04/12: Les Holdings Onfolio, Inc. L'auditeur met des doutes sur la continuit de l'exploitati.. Prior to our IPO in August 2022, we operated smaller "legacy" businesses, Mighty Deals is a free daily deals website aimed at creative professionals with a focus on products and services for web designers and developers. ONFO has little to recommend it as its topline revenue is contracting from a tiny base, other financial metrics are worsening, and it operates in a highly competitive environment with low barriers to entry. We acquire controlling interests in and actively manage small websites with a focus on useful content. You should perform your own research for your particular financial situation before making any decisions. 3.) Each unit will consist of one share and two warrants to purchase shares of common stock. Intraday Data provided by FACTSET and subject to terms of use. Product sales are recognized at the time the product is shipped to the customer. There is still some expense bloat in Q4 as a result of these one-time acquisition costs, IPO related expenses, deferred expenses that were paid lump-sum in Q4, and SG&A did have some ongoing increases as well, but we believe that moving forward into 2023, our Company is in a strong financial position. Members of IPO Edge get the latest IPO research, news, and industry analysis. The Company also incurred $527,792 in acquisition costs directly related to the three acquisitions completed during the fourth quarter of 2022, including audit, legal and other professional fees. add_location San Jose, CA Prior to our IPO in August 2022, we operated smaller "legacy" businesses, primarily focused around content and media publishing. It operates in pets, arts & crafts, B2B SEO services, molecular hydrogen supplements, computers, graphic design, and people search verticals. No cash balance or cash flow is included in the calculation. Pursuant to the Contentellect Asset Purchase Agreement, and on the terms and conditions contained therein, at the closing, the Company purchased the Contentellect assets from Contentellect, all as more fully described in the Contentellect Asset Purchase Agreement. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. The decrease in other income was driven by a decline of $16,252 in equity method income from the Company's equity method joint venture investment due to lower performance in that entity, a $34,306 loss on the sale of a website during the year ended December 31, 2022, and an impairment loss of $51,894 related to the Company's investment in JV II and JV III as a result of lower performance in those entities. WebONFO IPO Price: (view offering) | ONFO IPO Date: July 15, 2022 | Industry: Technology | View info for the Onfolio Holdings, Inc IPO at ClickIPO. Finder's top picks on where to buy Onfolio Holdings stock Promoted for Beginners CIBC Investor's Edge Go to site Easy to use platform Low fees Ultimately, we anticipate further acquisitions will bring us to profitability, concluded Mr. Wells. Announces Initial Public Offering & Nasdaq Listing August 29 2022 Website Manager OnFolio files for $15M IPO Calendar; Merger Arb; Ratings Calendar; Onfolio Holdings, Inc [ ONFO] 5. Onfolio has filed proposed terms to raise $15 million in an IPO of its common stock and warrants. The firms financials have produced reduced topline revenue, lowered gross profit and variable gross margin, higher operating losses and increasing cash used in operations. Onfolio Holdings Inc. (NASDAQ:ONFO) has filed to raise $15 million in an IPO of its units of common stock and warrants, according to an S-1/A registration statement. (0.0%). Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards. Announces First Quarter 2023 Financial Results and Provides Corporate Update, Onfolio Holdings to Participate at the Inaugural EF Hutton Global Conference, Onfolio Holdings Appoints Experienced Entrepreneur Ravi Jayagopal CEO of Subsidiary WPFolio, Onfolio Holdings Appoints Tanya Vaughn as CEO of Proofread Anywhere, One of the Company's Largest Holdings, Onfolio Holdings Announces Annual Meeting of Shareholders to be held Virtually on Wednesday, June 14, 2023 at 10:00 AM ET, Onfolio Holdings Inc. The IPOScoop.com staff does not issue advice, recommendations or opinions. The Contentellect Asset Purchase Agreement closed on February 1, 2023. Pursuant to the Contentellect Asset Purchase Agreement, Onfolio Assets LLC purchased from Contentellect substantially all of Contentellect's assets utilized in the operation of the business of providing online (i) content writing services (including white label content creation, eBook writing and eCommerce product description writing), (ii) website link building services (including white label link building, HARO link building and SEO outreach services), (iii) social media marketing services, and (iv) virtual assistant services to individuals, businesses and agencies through the website that the domain name www.contentellect.com points at. This is not an offer to sell, nor is it a solicitation of an offer to buy, any security. We do not have any relationships with unconsolidated organizations or financial partnerships, such as structured finance or special purpose entities that would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes as defined by Item 303(a)(4) of SEC Regulation S-K, as of June 30, 2022. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. In the first quarter of 2023, we continued to integrate our three acquisitions from October 2022 BWPS, Proofread Anywhere, and SEOButler Ltd and continued with our Onfolio 2.0 strategy with the additional acquisition and early integration of Contentellect, commented Onfolio CEO, Dominic Wells. This increase was offset by a decline in product sales and advertising revenue. FY 2022 Earnings Release-$0.73-$0.73 to -$0.73- WebCompany profile page for Onfolio Holdings Inc including stock price, company news, press releases, executives, board members, and contact information Box 21154, Mesa, AZ 85277. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. The Company made payments on various notes payable of $270,656 and paid $60,000 towards its investment in JV IV. For even experienced investors, it can be difficult to predict what the stock will do on its initial day of trading and in the near future because there is often little historical data with which to analyze the company. TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. We account for our interests in entities where we have virtually no influence over operating and financial policies under the cost method of accounting. Below are relevant financial results derived from the firms registration statement: As of March 31, 2022, Onfolio had $1.3 million in cash and $570,417 in total liabilities. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. This browser is no longer supported at MarketWatch. We focus on those that we believe operate in sectors with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) face minimal threats of technological or competitive obsolescence and (iv) can be managed by our existing team or have strong management teams largely in place. Onfolio Holdings Appoints Experienced Looking for more investing ideas like this one? Moreover, we expect lower expenses throughout the remainder of 2023 and, along with expected increasing revenue, improving operating leverage. Here Are Other Stocks Moving In Friday's Mid-Day Session, Crude Oil Rises 1%; Big Lots Shares Dip After Q1 Results, Onfolio Skyrockets on Introducing New AI Search Feature. Our familiarity with the WordPress ecosystem which continues to grow its active user base. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Asset Purchase Agreement - Contentellect Limited. The increase was primarily due to an increase of $1,181,000 in labor costs, as the Company filled out required roles for the business, amortization expense of $125,000 associated with the acquired intangible assets, an increase of $178,000 in stock-based compensation, an increase in advertising costs of $188,000, and an increase in audit costs of $49,500. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. May 4, 2023. Visit www.onfolio.com for more information. Previous changes in terms: A reduction to 1.7 million units, down from 2.9 million, and a cut in the high end of the price range to $4.50 to $5.50, compared with $4.25 to $6.25, in an S-1/A filing on June 14, 2022. They are larger businesses, with sufficient profitability to hire dedicated operators. The SCOOP ratings should not be taken as investment advice. Investors are building a record number of homes solely to rent out. Get your FREE TRIAL now. Management says it will use the net proceeds from the IPO as follows: approximately $12 million for acquisitions of websites, technologies, or other assets []; and approximately$1.3 million for marketing, working capital and general corporate purposes. Enter your email to receive our newsletter. Backtested performance is not an indicator of future actual results. This usually means that the stock has never paid a dividend. The increase was primarily from the increase general and administrative costs as the Company expanded its operations. The firm operates a Cost of revenue decreased by $52,148, or 20%, primarily due to lower service revenue costs of $903,000, primarily from a decrease of $131,000 in labor costs related to the Company's service revenue. For the year ended December 31, 2022, the Company used $4,261,413 to acquire three businesses during the fourth quarter, $67,500 in additional investments in the JVs which, offset by $45,694 of proceeds from the sale of a website. 2.) May 3, 2023. our ability to leverage technology and use and develop efficient processes; ? 1.17 +0.04 (3.54%) At close: May 5, 2023, 3:57 PM 1.22 +0.05 (4.27%) After-hours: May 5, 2023, 7:37 PM EDT Overview Financials Statistics Forecast Dividends Profile Chart ONFO Dividend Information There is no dividend history available for ONFO. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. Acquires and manages a portfolio of small websites. Onfolio acquires firms that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence, and can be managed by our existing team or have strong management teams largely in place. The Hoang Asset Purchase Agreement closed on October 25 2022. As previously announced, we are deliberately moving away from smaller content websites and towards more service businesses, agencies, online education, and digital products that are less subject to changes in the Google search ranking algorithm. . Investing in new issues is subject to significant volatility and risk of loss. Onfolio intends to raise $15 million in gross proceeds from an IPO of its units of common stock and warrants, offering 2.85 million shares at a proposed midpoint price of $5.25 per unit. The BCP Note was made by Onfolio, LLC to BCP Media and guaranteed by our Company. How to travel for free: I spent $500 hosting my friend for a week. This is a bottom-tier performance for all major underwriters during the period. Wilmington, DE-based Onfolio was founded to acquire and run websites in verticals that management believes will offer long-term growth prospects. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Our acquisition of the two WordPress plugins, passwordprotectwp.com and previdentdirectaccess.com mark our first of what we hope to be many acquisitions in the WordPress plugin ecosystem. Those risks are described at length in the prospectus, and we urge you to read the prospectus carefully to understand those risks before investing. These types of businesses are favorable for the following reasons: 1.) WordPress plugins appeal to us because of the following: 1.) Nasdaq | ONFO U.S.: Nasdaq Onfolio Holdings Inc. Watch list After Hours Last Updated: May 26, 2023 7:59 p.m. EDT Delayed quote $ 1.3400 -0.06 -4.29% After 1007 North Orange Street, 4th Floor Wilmington, Delaware 19801. Date Exercisable and Expiration Date (Month/Day/Year) 7. Wecurrently operate in the following verticals: Pets, Arts and Crafts, B2B SEO Services, Molecular Hydrogen Supplements, Computers, Graphic Design, and People Search. Visit a quote page and your recently viewed tickers will be displayed here. Collectively, these acquisitions bring several favorable attributes that should help build a stronger foundation for the Company. Latest Trade: $1.17 0.00 (0.0%) First Day Return: -52.0% Return from IPO: -76.6% Industry: Communication Services We acquire controlling interests in and actively Any forward-looking statement made by us in this pressrelease is based only on information currently available to us and speaks only as of the date on which it is made. Press Releases. The recent appointments of Ravi Jayagopal as CEO of WPFolio and Tanya Vaughn as CEO of Proofread Anywhere should help us optimize these two subsidiaries that were acquired last October and are at the heart of our decentralization strategy. Professional fees increased by $301,748, or 145% during the year ended December 31, 2022 compared to 2021 primarily due to increased due diligence, legal and accounting costs associated with the Company's initial public offering process. Interest on the outstanding principal balance of, and all other sums owing under the Loan Amount, is three percent (3%) (the "Interest Rate") , compounded annually. Onfolio Holdings Inc. (ONFO) is planning to raise $8 million in an IPO on Thursday, June 30th, IPO Scoop reports. Selling, G&A expenses as a percentage of total revenue have varied as revenues have decreased, as the figures below indicate: The Selling, G&A efficiency multiple, defined as how many dollars of additional new revenue are generated by each dollar of Selling, G&A spend, dropped into negative territory in the most recent reporting period, as shown in the table below: According to a 2020 market research report by Valuates Reports, the global market for digital content was an estimated $161 billion in 2020 and is forecast to reach $241 billion by 2027. For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate., Invest Like a Pro with Unique Data & Simplifed Tools, Onfolio Skyrockets on Introducing New AI Search Feature, Onfolio Completes Development of Generative AI Search Tool, Onfolio Holdings to Participate at the Inaugural EF Hutton Global Conference. NEW YORK, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Onfolio or the Company) (NASDAQ: ONFO, ONFOW), a holding company that acquires Gain Insight and actionable information on U.S. IPOs with IPO Edge research. No existing shareholders have indicated an interest to purchase shares at the IPO price. We qualify as an "emerging growth company" under the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). On April our ability to offer competitive product pricing; ? Throughout 2021 and 2022 we evolved our thesis and responded to changes in the Google search ranking algorithm, and started moving away from smaller content websites and towards more service businesses, agencies, online courses, and digital products. The AI tool is familiar with the context and description of hundreds of active deals on the mightydeals.com site and instantly returns results based on the searchers description. WILMINGTON, Del., May 26, 2023 (GLOBE NEWSWIRE) Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the Company or Onfolio), a holding company that Pursuant to the Share Purchase Agreement, the Company will purchase the Sale Shares from the Seller, all as more fully described in the Share Purchase Agreement. We define small websites as those that generate annual cash flows of up to $5 million per year. A risk to the companys outlook is the uncertain cost of user acquisition, which can be subject to its SEO efforts as well as the cost of paid acquisition. Among other things, the stock has not been subject to market valuation. USD, Onfolio Completes Development of Generative AI Search Tool, Onfolio Holdings Inc. These businesses also bring higher revenues and a higher recurring revenue stream than many of our previous Onfolio 1.0 acquisitions and managed websites. The Company primarily earns revenue through website management, digital services, advertising and content placement on its websites, product sales, and digital product sales. vs. Our new AI tool demonstrates that Onfolio is focused on delivering the best experience for our customers across all our subsidiaries, said Dominic Wells, CEO of Onfolio Holdings Inc. The warrants will be immediately exercisable at the IPO price and will trade under the symbol ONFOW. ClickIPO Securities, LLC P. O. Through the acquisition and growth of a diversified group of websites with these characteristics, we believe we offer investors in our shares an opportunity to diversify their own portfolio risk. Recent Corporate MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. We cannot provide assurance that these additional sources of funds will be available or, if available, would have reasonable terms. Looking at the stock we see that its previous close was $1.40 with the days price range being $1.21 $1.36. An IPO is the first sale of stock by a private company to the public and may not be suitable for all investors. **Note: Revenue and net loss figures are for the 12 months that ended March 31, 2022. This information is provided for illustrative purposes only. Previously: Onfolio Holdings cut the size of its IPO to 1.61 million units, down from 1.7 million units, and set the IPO price at $4.50, the bottom of its previous range of $4.50 to $5.50, in an S-1/A filing dated July 22, 2022. Investment in unconsolidated joint ventures, cost method, Investment in unconsolidated joint ventures, equity method, Accounts payable and other current liabilities, Preferred stock, $0.001 per value, 5,000,000 shares authorized. The Company accounts for its investments in the joint ventures under either the cost or equity method based on the equity ownership in each entity. Create a list of the investments you want to track. We own or manage 18 websites, as of the date of this prospectus. Managements presentation of the company roadshow is not available. Investing in new issues can be a volatile and opaque endeavor. I have no business relationship with any company whose stock is mentioned in this article. Please read our IPO Risk Disclosure Statement. Latest Trade: General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. View upcoming IPOs and Follow-on Offerings, Follow offerings to get update notifications, Open a brokerage account and place orders on available offerings. Net cash used in investing activities was $4,283,219 and $767,927 for the years ended December 31, 2022 and 2021. I wrote this article myself, and it expresses my own opinions. During the year 2021, we raised the aggregate amount of $1,415,000 by issuing preferred stock to various investors in a private exempted offering, $2,010,000 from the sale of common stock in a private exempted offering, and $108,000 from the issuance of short term notes payable. To view the prospectus for IPO, or any offering listed on ClickIPO, These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of these uncertainties related to our ability to operate on a going concern basis. searching and checking information about people; social networking systems. In such cases, our original investments are recorded at cost and any distributions received are recorded as income. US IPO Weekly Recap: Summer IPO market marches on with more small deals, Website manager Onfolio prices IPO at $5, above the proposed price, Nano-cap website manager Onfolio slashes valuation 57% ahead of proposed $14 million unit offering. See Note 4 of our accompanying audited financial statements. Free cash flow during the twelve months ended March 31, 2022, was negative ($1.67 million). Certain assumptions have been made for modeling purposes and are unlikely to be realized. Log in to see them here or sign up to get started. Instacart among in-focus, upcoming IPOs After completing the largest U.S. IPO of the year, shares of Corebridge slipped amid an unenthusiastic reception by investors. Box 21154, Mesa, AZ 85277. Their ability to produce recurring revenue. WILMINGTON, Del., May 15, 2023 (GLOBE NEWSWIRE) Onfolio Holdings Inc. ( NASDAQ: ONFO, ONFOW) (Onfolio or the Company), a holding company that Humans, Onfolio Holdings Inc. Completes Acquisition of Contentellect Business, Onfolio Holdings Inc. to Acquire Contentellect Business, a Leading Provider of Content Writing and Link Building Services, Onfolio Holdings Inc. to Present at the Planet MicroCap Showcase: Virtual 2022 on Wednesday, December 7, 2022, Onfolio Holdings Inc. Management services revenue is earned and recognized on a monthly basis as the services are provided. I wrote this article myself, and it expresses my own opinions. Major competitive or other industry participants include: The companys recent financial results can be summarized as follows: Reduced gross profit and variable gross margin. Washington, D.C. 20549. The company was founded by Dominic Wells on July 20, 2020 and is headquartered in Wilmington. By adding AI powered search on MightyDeals.com, customers can use plain language to describe what they are looking to buy. WebHow to Invest in Stock Trading Platforms Robo-advisors Forex Trading Providers Onfolio Holdings has gone public. Total other expense was $123,212 for the year ended December 31, 2022 compared to other income of $50,849 for the year ended December 31, 2021. Find the latest Onfolio Holdings, Inc. (ONFO) stock analysis from Seeking Alphas top analysts: exclusive research and insights from bulls and bears. Copyright 2023 MarketWatch, Inc. All rights reserved. DE. Announces First Quarter 2023 Financial Results and Provides Corporate Update, Onfolio Holdings to Participate at the Inaugural EF Hutton Global Conference. This article has already been saved in your Saved Add Position . During the comparable period, the Company paid $784,000 for asset acquisitions completed, paid $49,401 for additional investments in joint ventures and received $75,000 in proceeds from the sale of a website. The components most significant to the Company's cost of revenue are the costs of acquiring new inventory products, the costs of labor for content creation and website hosting and maintenance costs. We believe that Q4 2022 marked the end of Onfolio 1.0, and the beginning of Onfolio 2.0. No representations and warranties are made as to the reasonableness of the assumptions. Is this happening to you frequently? If sources of liquidity are not available or if we cannot generate sufficient cash flow from operations during the next twelve months, we may be required to obtain additional sources of funds through additional operational improvements, capital market transactions, asset sales or financing from third parties, a combination thereof or otherwise. Our ideal acquisition candidate has the following characteristics: proven track record with paid media; a product, physical or digital with satisfied customers and brand equity; upward growth trajectory; growing industry or sector; attractive purchase price; under-utilized marketing assets or channels; passionate, high-value audience or customer base; attractive profit margin and cashflow; diversified traffic and revenue sources, and content or community-based. Don't risk buying another IPO without IPO Pro. The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We expect acquisition costs to remain significant as we continue to grow based on acquisitions. Onfolio acquires business that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and can be managed by our existing team or have strong management teams largely in place. Changes in these assumptions may have a material impact on the backtested returns presented. The site provides discounts on packages which usually range between 50%-97% off but are only available for a limited time. 12 Communication Services Stocks Moving In Tuesday's Intraday Session, 12 Communication Services Stocks Moving In Monday's After-Market Session, 12 Communication Services Stocks Moving In Monday's Pre-Market Session, Dow Surges Over 300 Points; Hibbett Posts Downbeat Profit, Why Hibbett Shares Are Trading Lower By 10%? They are less subject to the google algorithm and other matters outside our control, 2.) Tired of arriving late to the Big Returns Party?. . Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth andearnings, and strategy for growth and financial results. Website manager OnFolio Holdings (ONFO) has filed to raise $15M through an initial public offering. As a result of these acquisitions, revenue in Q4 was more than the previous quarters combined, while cost of revenue only increased marginally. General and Administrative expenses increased by $1,792,713, or 72% during the year ended December 31, 2022 as compared to 2021. The Loan Amount is payable as follows: (i) commencing on the date that is thirty (30) days from the date of the BCP Note, and continuing monthly on such same day thereafter, Onfolio, LLC shall make an interest only payment to BCP Media equal to Five Thousand Nine Hundred Ninety- Seven and 50/100 Dollars ($5,997.50) per month; and (ii) the entire Loan Amount, together with all accrued but unpaid interest thereon, shall be due and payable by Onfolio, LLC to BCP Media on the Maturity Date. The following selected financial information is derived from our historical financial statements and should be read in conjunction with such financial statements and notes thereto set forth elsewhere within this Report on Form 10-K and the "Forward-Looking Statements" explanation included elsewhere herein. /*

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