Blog - Page 4209 of 5436

WednesdaySep 17, 2008 8:04 pm

Metalico, Inc. (MEA) Issues Statement on Stock Activity

Metalico, Inc. (MEA) is a holding company with operations in two principal business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products. The company operates twenty recycling facilities in New York, Pennsylvania, Ohio, New Jersey, Texas, Mississippi, and West Virginia. Metalico also owns five lead fabrication plants in Alabama, Illinois, Nevada, and California. Shareholders have questioned the company regarding the rapid decline in the stock price in the past two weeks and whether the company is facing near-term profitability or liquidity problems. Therefore, Metalico issued a statement regarding the recent trading activity of its common stock. Due…

WednesdaySep 17, 2008 4:45 pm

Leveraged ETFs: Make Outsized Gains during Volatile Times

Exchange-traded funds (ETFs) are excellent trading vehicles that allow investors to easily play whole sectors, indexes, or individual commodities. ETFs may be structured like mutual funds, but are bought and sold like stocks. Inverse ETFs enable one to place a bearish bet, effectively going “short” without having to borrow shares, as you would with stocks. Another advantage of inverse ETFs is that the downside risk of going long on the “short” is finite, meaning you can only lose your initial investment. The potential loss from shorting a stock is theoretically unlimited. Leveraged ETFs are designed to replicate twice the expected…

WednesdaySep 17, 2008 1:04 pm

eDOORWAYS Corp. (EDWY.PK) Approaches Launch Date; Anticipates Providing Previews of the Platform

Today after the closing bell, eDOORWAYS Corp. announced that it has finished its first group of “Use Cases” which will lead to many other such “cases” that users will employ to navigate the eDOORWAYS website. In a recent analyst interview, CEO Gary Kimmons said, “The development of this web site just isn't like anything else. The beauty of eDOORWAYS is how this platform combines the best of Google(R), MySpace(R) and eBay(R) into a single entirely new experience. And it happens to have a bona fide revenue model to boot. “Developing the brand required the touch of one of the best…

WednesdaySep 17, 2008 12:53 pm

Capital Growth Systems Inc. (CGSY.OB) Subsidiary Updates on its Activities and Achievements in Telecommunications Industry

Global Capacity, a subsidiary of Capital Growth Systems Inc. (OTCBB: CGSY), provides a fully-integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, building and managing customized communication networks. The company today announced its continued steps in organic growth activities, highlighting its new client services for government and corporate customers through recurring revenue activities and its base of recurring customers. The company’s knowledge of global pricing attracts customers seeking to reduce network spending around the world, not only benefiting Global Capacity but its customers as well. “The variety of diversified customer progress and organic growth for…

WednesdaySep 17, 2008 12:50 pm

GoldSpring Inc. (GSPG.OB) Receives Updated Report on Resource Estimates

GoldSpring Inc. (OTCBB: GSPG) today announced results from the updated resource estimate it received from independent geology firm Telesto Nevada Inc. in regards to its GoldSpring Hartford Complex in the Comptock Lode District. The report gives estimates of the contained resource gold ounces at the Hartford Complex, representing less than 2% of the company’s overall holdings. The estimate report takes into consideration 19 additional drill holes that were not mentioned in the June 10, 2008, Preliminary Resource Report. Based on the previous report and current gold prices, the preliminary estimated valuation would have been $305 million. However, the updated report…

WednesdaySep 17, 2008 12:47 pm

AIG Kept Afloat at a High Price

Failure in the subprime mortgage market has led to some very troubled times for insurance colossus AIG. Yesterday's government takeover was just about the only thing standing between the felled giant and total collapse. Under the terms of the agreement, the company will be provided with a two-year, eighty-five billion dollar loan that will carry an interest rate of approximately eleven-and-a-half percent. Hardly able to be considered another bailout, the transaction cost AIG close to eighty percent of its business, and gives the government the right to dismiss senior officials and veto asset sales. Let us hear your thoughts below:

WednesdaySep 17, 2008 12:44 pm

IMF Director Warns of Further Economic Turbulence

In a statement given this Wednesday, director general of the International Monetary Fund Dominique Strauss-Kahn expressed his concern for the worsening conditions of the global economy. He warned of added troubles in an already crippled financial arena, commenting: "The consequences for some financial institutions are still in front of us. We have to expect that there may be in the coming weeks and coming months other financial institutions with some problems." In the opinion of Mr. Strauss-Kahn, world economies should rebound in 2009. Let us hear your thoughts below:

WednesdaySep 17, 2008 12:43 pm

Znomics, Inc. (ZNOM.OB) – Treating Human Disease through the Study of Fish Genetics

Znomics is a unique company in the field of biotechnology, based upon its work with the freshwater zebrafish. The zebrafish is native to the southeastern Himalayan region of Asia, where it propagates in streams and other slow moving bodies of water. The thing that makes the zebrafish so special and critical to Znomics' research is the genetic similarities it shares with human beings. In fact, between eighty and ninety percent of human DNA is identical to that of a zebrafish. This, coupled with the creature's inherent predisposition to rapid rates of insertional mutagenesis (a process by which DNA is changed…

WednesdaySep 17, 2008 12:41 pm

SEC Takes Aim at Naked Short Selling

The Securities and Exchange Commission today announced new and stringent rules against the practice of “naked short selling”, a stripped-down version of short selling that some would say is an issue to most investors on Wall Street. Short selling, or “shorting”, is the selling of a security you do not own. The idea is to borrow a security, and then sell it, in anticipation that the price of the security will decrease. You can then later purchase the security at a lower price and return it. Instead of buying low and selling high, you are selling high and buying low.…

WednesdaySep 17, 2008 9:29 am

Nayarit Gold Inc (NYG.V) Announces Drill Results

Nayarit Gold Inc. (NYG:TSX-V) is a junior gold and silver exploration company. The company's properties consist of eight mining concessions across more than 250,000 acres in the state of Nayarit in Mexico. Nayarit Gold's main project is the Orion Project, which is located on the western edge of the Sierra Madre Occidental metallogenic ridge. This area is made up of one of the world's largest epithermal precious metal terrains and hosts a majority of Mexico's silver and gold deposits. Today, Nayarit announced additional drill results from its ongoing drill program for the Orion Project. According to Colin Sutherland, CEO of…

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