News: Morning Brew - need to start reviewing general news NPR - forgot to write floats and mc

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• Medley Management Inc. (NASDAQ:MDLY) rose 144.9% to $14.30 in pre-market trading after gaining 9% on Wednesday. Medley LLC recently received NYSE notice regarding delayed Form 10-Q filing.

AVENTURA, FL / ACCESSWIRE / June 7, 2021 / Orbsat Corp (Nasdaq:OSAT) ("Orbsat" or the "Company"), a global provider of communication solutions for connectivity to the world through next-generation satellite technology, today announced that Charles M. Fernandez has been appointed as Chief Executive Officer and Chairman of the Company. David Phipps, former Chief Executive Officer, will assume the role of President and serve in the new capacity as CEO of Global Operations.

Charles M. Fernandez has over 30 years' experience in identifying profitable start-up and dislocation opportunities, building significant value, and executing both private and public exit strategies.

Gryphon Digital Mining and Sphere 3D Corp Announce Agreement to Purchase 250,000 Carbon Offset Credits

The purchased credits help to clean 250,000 tons of carbon from the atmosphere

Miami, Florida--(Newsfile Corp. - June 9, 2021) - Gryphon Digital Mining and Sphere 3D (NASDAQ: ANY), which recently entered into an Agreement and Plan of Merger, today announced that they have entered into an agreement to purchase 250,000 Certified Emission Reductions ("CERs" or "Credits"), with each company purchasing 125,000 credits, subject to closing conditions (as further defined below). These credits will not only support ESG commitments in achieving net-zero emissions for the parties, but will allow Gryphon to become the first carbon negative crypto miner, This is the next stage in both Gryphon and Sphere 3D's mission to develop operations with sustainability and ESG ideals in mind.

The sales are conditional upon the seller receiving UNFCCC verification. The seller is in the process of finalizing the verification of CERs for its renewable energy facility under the United Nation's Convention on Climate Change ("UNFCCC") protocols. Such process is anticipated to be completed by the fourth quarter of 2021.

he meme stock mania has struck again, although this time the choice is a natural gas company based out of Newport Beach, California. Clean Energy Fuels Corp. (CLNE) has had a whirlwind of a week, rising about 54% over the last seven trading sessions. The stock began to show up in online chatrooms and community discussion groups, and daily volume skyrocketed to almost five times its average during trading on Wednesday. (See CLNE stock analysis on TipRanks)

Five-star analyst Pavel Molchanov of Raymond James Financial covered the stock in his report, reiterating the underlying fundamentals and maintaining his Sell rating. Molchanov did not assign a price target, but was sarcastic in saying that “at more than 30x EBITDA, the stock of a pure commodity business is surely priced for perfection.”

Molchanov stressed that while online daytraders were buying up the stock, massive amounts of shares were subsequently pouring into the market. Since late April, Clean Energy’s largest investor, TotalEnergies (TOT), has sold 4.1 million shares, and intends to continue capitalizing on the inflated share price. The analyst was completely understanding why shareholders would sell their positions for profit after the stock gained three times its initial buy-in cost.

What happened

Shares of Cleveland-Cliffs (NYSE:CLF) rose as much as 18% on Wednesday and ended the day up by 14.6%. The steel mill and iron ore supplier's dramatic price move could be tied to any of three different pieces of news. But given the current Wall Street zeitgeist, it's likely that one had a bigger impact than the others today.

So what

The first piece of news comes in a release from the company celebrating six months of "continued operation and production of hot-briquetted iron at the Company's state-of-the art Direct Reduction plant in Toledo, Ohio." This probably didn't have anything to do with the stock price, but it is notable in that it helps ensure the company has access to key steelmaking inputs.