Stockwinners Market Radar for April 19, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

19:48 EDT Kingsway Financial announces receipt of notification letter from NYSE - Kingsway Financial Services announced it received notice from the New York Stock Exchange that the company is not in compliance with NYSE listing standard 802.01E because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. The company said it timely filed on April 1, 2019 a Form 12b-25 Notification of Late Filing, which resulted in an extended filing deadline of April 16, 2019 for its 2018 Form 10-K. As previously communicated, the company's outside independent auditors, RSM US LLP, have informed the company they will require additional time to complete their work. "NYSE has informed the company it will closely monitor the status of Kingsway's late filing and related public disclosures for up to a six-month period from its due date. Kingsway will continue to work with its auditors with the objective of filing its 2018 Form 10-K as soon as practicable," the company said.

19:45 EDT Fusion sees being delisted following receipt of Nasdaq delisting notice - Fusion announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market on April 16, informing the company that it has not paid certain fees required by Listing Rule 5250(f). The company said it has decided that it is not in its best interest to challenge Nasdaq's determination at this time and anticipates, as indicated in Nasdaq's letter, that the company's common stock will be delisted from the Nasdaq Global Market and suspended effective at the opening of business on April 25. The common stock will remain listed on the Nasdaq under the symbol FSNN until delisted. "Following the delisting, the company anticipates that its common stock will be eligible to be quoted on the over-the-counter market, but no assurance can be made that trading in the company's common stock on the over-the-counter market will commence or be maintained," Fusion said.

19:40 EDT Visa board elects Visa CEO Al Kelly as Chair - Visa announced that its board of directors has unanimously elected Alfred Kelly, Jr. as Chair of the Board, effective as of April 16. Kelly will continue to serve as Visa's CEO, a role he has held since December 2016. Kelly will succeed Bob Matschullat as Chair of the Board. Matschullat will continue to serve on the board and as Chair of the board's finance committee. The company also announced that the Board unanimously elected John Lundgren, a member of the board since April 2017, as Lead Independent Director, also beginning April 16.

19:37 EDT Top Image sees voluntarily delisting to be complete before Nasdaq deadline - Top Image Systems announced that it has received a notice from Nasdaq on April 16 regarding non-compliance with continued listing standards because it has not filed its Annual Report on Form 10-K for the period ended December 31, 2018. Top Image Systems signed a definitive merger agreement on February 4, to be acquired by Kofax Holdings International Ltd. and expects the closing of this merger to occur the week of May 6, at which point Top Image Systems intends to voluntarily delist its ordinary shares from the Nasdaq Capital Market, prior to the deadline to submit the plan to regain compliance. Separately, on April 18, the company received notice from Nasdaq indicating that the company was granted an additional 180 calendar days, or until October 14, to comply with Nasdaq's minimum bid price requirement.Top Image expects to voluntarily delist its ordinary shares from the Nasdaq Capital Market following the closing of the acquisition by Kofax, anticipated for the week of May 6, and before the deadline for submitting the plan and for complying with the minimum bid price requirement.

19:29 EDT StoneCo says latest incentive offers from competitors don't change strategy - StoneCo released a CEO letter that stated in part: "As we have seen in the past, competitor campaigns generate a lot of noise, but we remain focused on delivering a differentiated value proposition to our clients through our proprietary and disruptive business model. However, given some recent inquiries we have received and the lack of information in the market we wanted to share some of our thoughts and perspectives to put some of this noise into context...At this time, it is still very early to discuss how such new offerings from competition could impact our business. As always, we will continue to listen to our clients to find new ways to serve them better and disrupt existing incumbent offerings. Stone will always advocate in the market and with authorities for transparency in the rates in Brazil to make it simpler for clients to understand and make their choice. The relationship we have with our clients and shareholders is very important for us. If and when we see any material changes in our operations because of competition, we will be the first ones to communicate to you. We remain very confident in our strategy, the strength of our business model and our profitability going forward."

11:13 EDT MedMen announces resignations of COO and General Counsel - MedMen Enterprises announced that the company has accepted the resignations of Ben Cook, Chief Operating Officer, and Lisa Sergi, General Counsel and a member of the MedMen board of directors. The leaders of the operations group will now report directly to the CEO. The leaders of the legal team include Dan Edwards, who will continue in his role of Senior Vice President of Legal Affairs, and report directly to the CEO. Also, during its fiscal quarter ended March 30, the company named Ryan Lissack Chief Technology Officer.

11:03 EDT Qumu announces death of director Thomas Madison - Qumu Corporation announced that Thomas Madison, a member of the board of directors of the company since 2001, passed away on April 10. Madison was Chairman of the board's Governance Committee, as well as a member of the board's Audit Committee. Vern Hanzlik, Qumu's President and CEO, said, "We are deeply appreciative of the contributions and leadership Tom brought to our Board over these last 18 years and he will be greatly missed. On behalf of Qumu's entire Board of Directors and all of our employees, we extend our deepest condolences to his family and friends."

10:52 EDT Heritage Insurance announces preliminary Q1 catastrophe losses of $15.4M - Heritage Insurance announced that it expects approximately $10.2M of net losses from a severe March 2019 hailstorm in Brevard County, Florida. In total, Heritage expects to incur approximately $15.4M of net catastrophe losses in the first quarter of 2019. As previously disclosed, Heritage reduced NBIC's gross quota share reinsurance coverage to 8.0% at June 1, 2018 from 18.75% previously, which management expects to further shift the seasonality of retained northeastern U.S. catastrophe losses to the first half of the year, particularly to the first quarter. In addition, the company expects to report approximately $228.6M and $109.7M of gross and net premiums earned, respectively, for the first quarter of 2019. A driver of first quarter 2019's higher ceded premium ratio, relative to the fourth quarter of 2018, is the previously disclosed increase in NBIC's net quota share reinsurance program from 49.5% to 52.0%, which was effective as of December 31, 2018, the company said.

10:45 EDT NetEase announces music license agreement with Nippon Columbia - NetEase Cloud Music announced its partnership agreement with Nippon Columbia to license its music content. "Under this partnership, NetEase Cloud Music will gain access to Nippon Columbia's expansive music library, including pop music and enka. Starting mid-April, music from the coveted Nippon Columbia label is available for streaming on NetEase Cloud Music," the company stated.