RZTI has been on a long slide this year, but appears to be once again trying to form a base. The 50dma has been a strong source of resistance this year and technical traders will have this chart on radar to monitor for signs of enough momentum to challenge the resistance. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:
Wallace, Idaho-based Superior Silver Mines, Inc. announced today that it has completed a reverse merger transaction with Clean Wind Energy, Inc. Entering into the closing, Superior Silver Mines was a public "shell" company with nominal assets whose purpose was to seek, investigate and, if such investigation warranted, acquire an interest in business opportunities presented to it by other persons or firms. Clean Wind Energy, which has business strategies to design, develop and construct large downdraft towers to generate electricity and clean water economically, will now become a wholly-owned subsidiary of Superior Silver Mines and its business operations will become the…
China Medicine Corp., www.cmc621.com – the remarkable China-based research/developer, manufacturer and marketer of a variety of Western and traditional Chinese medicines (TCMs), herbal/dietary supplements and medical devices, reported approval by the Board of Directors yesterday of a new $2M stock repurchase program. Slated to commence upon completion of the current repurchase program ($1.5M or 710k shares already repurchased by Dec. 22 of this year), which will end either via conclusion or the arrival of July 11, 2011, the new program would: • Run over a 12-month interval, making strategic/timely purchases via open market or private transactions (in compliance with SEC…
Delta Petroleum Corp. reported that it has closed on a new credit facility to help finance oil and gas exploration and development operations in 2011. The company said that Macquarie Bank Limited will provide a senior secured credit facility in the amount of $100 million. Delta Petroleum will have immediate access to $50 million of the senior secured credit facility. The initial $50 million will be composed of two tranches. Tranche A consists of a $30 million revolving line of credit at an interest rate of Libor plus 600 basis points, or the prime rate plus 600 basis points. Tranche…
Zentric Inc. is committed to using advanced technology to help save the environment. Their primary goal is to provide a superior battery for electrical and hybrid vehicles, through the development and acquisition of proprietary technology. To this end the company has brought together a team of renowned experts from industry and the scientific research community; people preeminent in the automotive and battery technology fields. The company is quickly becoming a leader in advanced battery technology development, manufacturing, and fuel cell storage technologies, and has already made a major advance in battery technology. By using a proprietary combination of metal hydride…
CHGY has retreated from highs that were achieved in November at $2.20, and is now holding a new support level at $1.50. Technical traders will have this stock on radar for buying pressure to hold the support level while watching for any movement north to test resistance levels. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:
Today, Wowjoint Holdings Ltd. announced it has secured a $1 million equipment sales contract with China Railway Fangshan Bridge Co., Ltd. With delivery anticipated to take place in March 2011, the equipment includes two customized 160-ton special carriers that will be used in a highway bridge construction project administered by the Erdos Project Department in Batuta-Junggar. Wowjoint also told investors of other service contracts signed this quarter totaling approximately $3 million. These include an $860,000 technical service contract with China Railway 14th Bureau Group Co., Ltd and China Railway 16th Bureau Group Co. Ltd and a $290,000 technical service contract…
QKL Stores Inc., a leading regional supermarket chain in Northeastern China, today announced the opening of a new hypermarket store. The company now has a total of 43 store locations for an aggregate total of 226,000 sq. meters of store space. The company's 43rd store, located in Manzhouli City, Inner Mongolia, was opened today. Manzhouli is China's biggest inner land trade port with Russia. Located in the center of the business district, serving over 100,000 Chinese and Russian customers, this hypermarket occupies approximately 9,000 sq. meters of gross space and is the largest modern grocery store in the city. Mr.…
Before the opening bell today, Compugen Ltd. announced that it has entered into a financing agreement with Baize Investments (Israel) Ltd., a private corporation investing, inter alia, in innovative medical technologies, for $5,000,000 in R&D funding. In exchange, Baize Investments has obtained a financial interest in five designated Compugen-discovered molecules and has been issued a warrant to purchase 500,000 Compugen shares at an exercise price of $6.00 per share, expiring mid-2013. Baize Investments' financial interest in the five molecules consists of the right to receive up to 10% of certain future payments received by Compugen from third parties in the…
IceWEB, Inc., a leading storage technology company and provider of computing hardware, announced yesterday its financial results for the year ended September 30, 2010. John R. Signorello, CEO of IceWEB, stated, "Fiscal year 2010 was a year of many achievements and some disappointments. Early in the year, the company elected to re-invent itself by manufacturing and marketing state-of–the-art, storage appliances for cloud computing and other rapidly growing markets. After consultation with a number of storage VARs (Value Added Resellers), we determined a channel partner distribution system was key to our future success." Signorello added, "We were fortunate that a very…
