Blog - Page 4067 of 5482

TuesdayFeb 03, 2009 12:24 pm

Omega Commercial Finance Corp. (OCFN.OB) Aggregates 9+ Million Dollars in Assets

Omega Commercial Finance Corp. today announced that its current balance sheet reflects an increase of more than $8.4 million in assets due to the acquisition of a luxury casino cruise ship - the "Omega Royale." According to the press release, the increase encompasses the partial allocation of substantiated assets from the cruise ship onto its balance sheet. Based on the current amount of shares outstanding, the company estimates the current shareholder book value to be 20 cents a share. Yesterday, the stock closed at $0.017. Following this morning's news, the stock is currently trading at $0.0221, up 30% from yesterday’s…

TuesdayFeb 03, 2009 11:56 am

PharmaNet Development Group, Inc. (PDGI) Stock Explodes after Company Agrees to be Acquired by JLL Partners

Today, PharmaNet Development Group, Inc. announced that it has entered into a definitive merger agreement with affiliates of JLL Partners, Inc. ('JLL'). As terms of the agreement, JLL will commence a tender offer to purchase all of the outstanding shares of PharmaNet at a price of $5.00 per share in cash, an approximate 373% premium to yesterday’s closing price. Although PharmaNet’s Board of Directors has approved the definitive merger agreement, the transaction is subject to the valid tender of a majority of PharmaNet common stock, regulatory approvals and other customary conditions. However, it is not subject to any financing conditions.…

TuesdayFeb 03, 2009 11:27 am

Keep Convergence Technologies Group, Inc. (CNVC.PK) on Radar

Convergence Technologies Group, Inc. provides publicly traded companies with the tools and support needed to effectively address the challenges that they face. Since inception, the company has focused exclusively on microcap companies. By maintaining this focus, they have developed an acute sense of awareness to their needs and the obstacles they face. As an Advisory Management Consulting Firm, the company focuses on educating management about their own functionality, and understanding the intricacies of the capital markets where they trade. The process of building shareholder value depends greatly on understanding how the markets work in the microcap arena, and the street's…

TuesdayFeb 03, 2009 8:29 am

Stock Market Rebounds on Positive Home Sales Data

Today, the National Association of Realtors reported that pending home sales rose 6.3 percent in December compared to the prior month. The South and Midwest showed the strongest gains. The number of pending home sales were up 2.1 percent from December 2007. Lawrence Yun, chief economist of the Realtors’ group, commented, “The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month. The biggest gains were in areas with the biggest improvements in affordability.” This was the second positive sign in the…

TuesdayFeb 03, 2009 7:51 am

Cleartronic Inc. (CLRI.OB) is “One to Watch”

Cleartronic Inc. is focused on designing, building and installing unified communications solutions for both enterprise and managed environments. The company's communication software and hardware devices connect various incompatible communications devices such as two-way radios, phones, cellular phones, PDAs, smart phones and public address systems to Internet Protocol (IP) telephony systems, as well as other pre-existing group communications networks, regardless of geographic location, make, model or frequency. Cleartronic also offers a monthly, subscription-based interoperability service called X-Stream Access™. This subscription service was designed for public-safety applications and mission-critical communications. X-Stream Access can be operated across unicast or multicast networks, regardless of…

TuesdayFeb 03, 2009 6:20 am

Kraig Biocraft Laboratories, Inc. (KBLB.OB) CEO Joins QualityStocks for Exclusive Interview

Today, QualityStocks published a 6 minute interview featuring Kraig Biocraft CEO Kim Thompson. In the interview, Mr. Thompson commented on the business, the spider silk technology it is developing, the enormous market for spider silk, how the company has progressed, the milestones the management has set for this year as well as provided a synopsis of the company’s scientific team members. To hear the entire interview, visit: http://www.qualitystocks.net/videocharts.php?chartvid_id=177 Let us hear your thoughts: Kraig Biocraft Laboratories, Inc. Message Board

TuesdayFeb 03, 2009 5:52 am

QuoteMedia, Inc. (QMCI.OB) Introduces Quotestream Wireless Software to the iPhone

Today, QuoteMedia announced that it has launched a custom version of QuotestreamTM Wireless to be use on the iPhone™, Apple Inc.’s popular multimedia smartphone. The software features real-time market data, multiple streaming portfolios, detailed stock quotes, intraday and historical charts, corporate news and events, audio and vibration alerts, level II market depth, time and sales, market indices, tick trend indicators, online trading and more. “The market for applications that function on the iPhone is enormous, and it's growing quickly,” commented Dave Shworan, CEO of QuoteMedia, Ltd. “The iPhone is truly a breakthrough product, incorporating leading-edge multimedia, communication and Internet technologies…

TuesdayFeb 03, 2009 5:45 am

Hunt Gold Corp. (HGLC.PK) Proposes a Stock Repurchase Program

Hunt Gold Corporation announced today that it intends to implement a stock repurchase and cancellation program. The stock buyback program would be funded through a loan secured against part of the proceeds of the sale of its "Lookout Silver" interests. The company promised to inform investors of the details of this program. Hunt Gold believes the stock market has massively undervalued the company at this time and that a significant reduction in the amount of outstanding shares of its Common Stock will do much to rectify this huge discount. In the press release, the company reaffirmed that proceeds from the…

MondayFeb 02, 2009 3:30 pm

February 2nd CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACCP, ACTC, AIDO, ECOI, GNBT, ITUI, MWAV, PLKH Investors once again displayed their resiliency in the face of difficult news this week, as negative developments continued to roll in but were mostly taken in stride. All of the major indices reported slight declines this week, but considering the spate of bad news rolling through Wall St, it can be seen as a victory of sorts that markets didn't decline more precipitously. All told, the Dow ended down 76 points, closing at 8077, down 0.9% on the week and 8.8% on the year-its…

MondayFeb 02, 2009 2:23 pm

What Questions Should You Ask When Shopping for an ETF?

In the past three years, the popularity of ETFs (exchange traded funds) has exploded. ETFs allow investors and traders alike to easily purchase a basket of companies as well as trade commodities and currencies through a typical brokerage account. The benefits of trading like a stock, low expense ratios, easy diversification and tax efficiency have all contributed to the demand for this relatively new trading vehicle. First it is important to evaluate the ETF. What does it track, how is it constructed, what’s inside and how long has it been around are excellent questions. It is also a good idea…

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