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angrysky's sub penny storm thought share - Page 9

post #161 of 734
Thread Starter 
DENVER & HALIFAX, Nova Scotia, Apr 01, 2010 (BUSINESS WIRE) -- Apollo Gold Corporation /quotes/comstock/11t!apg (CA:APG 0.35, 0.00, 0.00%) /quotes/comstock/14*!agt/quotes/nls/agt (AGT 0.35, +0.01, +2.54%) ("Apollo") and Linear Gold Corp. /quotes/comstock/11t!lrr (CA:LRR 1.75, +0.03, +1.74%) ("Linear") are pleased to announce today that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") in respect of the previously announced business combination (the "Merger") pursuant to which the businesses of Apollo and Linear will be combined by way of a court approved plan of arrangement. The Arrangement Agreement supercedes the letter of intent executed by Apollo and Linear on March 9, 2010 in respect of the Merger.

Wade Dawe, Chief Executive Officer ("CEO") and President of Linear, who will be appointed as CEO and President of the combined company, said, "The signing of the Arrangement Agreement is another step towards closing of the Merger which will create an emerging Canadian mid-tier gold producer. Our new company will be well positioned as the new gold investment vehicle of choice for investors seeking growing gold production in Canada, increasing gold mineral resources, a financially strong balance sheet and a superior pipeline of projects in politically stable jurisdictions."

R. David Russell, CEO and President of Apollo, added, "Both Apollo and Linear are working together to complete the Merger as well as prepare for a smooth transition to start a new chapter for the combined company in 2010. This year also marks the first full year of production from the Black Fox Mine in the Timmins Mining District, including the start of production from the new underground mine in the second half of 2010."

The consummation of the Merger as contemplated by the Arrangement Agreement is subject to a number of conditions precedent, including approval of the shareholders of each of Apollo and Linear. The parties currently anticipate that the Merger will be completed in June 2010. It is expected that proxy and management information circulars will be mailed to respective Apollo and Linear shareholders in May 2010.

About Apollo

Apollo is a growing gold producer that operates the wholly owned Black Fox Mine in Ontario, Canada, which commenced gold production in May 2009. In 2010, Apollo expects to produce approximately 100,000 ounces of gold from its Black Fox Mill at total cash costs between US$500 and US$550 per ounce produced. Apollo is also exploring the adjoining Grey Fox and Pike River properties, all in the Timmins gold district in Ontario, Canada, as well as the Huizopa Joint Venture, (80 percent Apollo and 20 percent Minas De Coronado, S. de R.L. de C.V.), an early stage, gold-silver exploration project, approximately 16 kilometers (10 miles) southwest of Minefinders Dolores gold-silver mine, in the Sierra Madres in Chihuahua, Mexico.

About Linear

Linear Gold Corp is a well financed gold exploration and development company committed to maximizing shareholder value through a strategy of mine development, focused exploration, and effective risk management through selective partnerships and acquisitions. Linear's flagship development property located near Uranium City, Saskatchewan, hosts an economic gold deposit and is now in the development stage to become a 70,000 - 90,000 ounce per year gold producer. Linear also holds an extensive and diverse portfolio of mineral projects in the Dominican Republic and Mexico.

post #162 of 734
Thread Starter 

Mar 16, 2010 (M2 PRESSWIRE via COMTEX) --
Several insiders at Alto Group Holdings Inc. (ALTO.OB) have reported buying more than $1.80M today as the stock was trading at less than 50 percent of its 52-week high. Notable purchases include:

- Klok Mark Daniel, Chief Executive Officer, Director, 10% Owner: reported buying $900.00K

- Opiuchus Holdings, Inc., 10% Owner: reported buying $900.00K

Over the last four weeks insiders at Alto Group Holdings Inc. (ALTO.OB) have bought more than $1.80M:

- Klok Mark Daniel, Chief Executive Officer, Director, 10% Owner: bought $900.00K increasing total holdings by 100%

- Opiuchus Holdings, Inc., 10% Owner: bought $900.00K increasing total holdings by 18%

For a current, real-time summary of ALTO.OB insider activity, visit http://www.form4oracle.com/company/a...to.ob?id=13364


Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company") today wishes to provide a corporate update regarding current market conditions and Management plans to increase shareholder value by increasing the asset position within the company's portfolio.

Regarding the gold mining operations in Ghana, initial phase core drilling will be initiated upon the completion of the assignment process which is currently underway. Early indications in the West African project have been favorable and have exceeded all initial expectations.

As previously reported, samples indicate approximately average grades ranging between 1-2 ounces per ton based on the initial sample testing. Management believes strongly that a multi-million ounce deposit could be identified and outlined once core drilling is completed.

Given that preliminary results from our exploration efforts were highly positive, the Company aims to quantify those results into a proven resource. Therefore, the next phase of drilling is extremely important. Substantiating the company's initial findings can only be quantified and proven through NI-43-101 standards once core sampling commences and the results are issued.

The Ashanti Belt in Ghana has a long history of gold production and is one of the world's most productive gold mining regions. Alto Gold has a joint venture agreement with Castle Peak Mining for a 70% interest in the Nkwanta mining concession located in the Ashanti Belt. The Company also holds the option for a 50% position in one of two mining concessions adjacent to Nkwanta.

Concurrent to these events, Management has held a series of extensive internal meetings which have led to a consensus to develop a strategic plan to further diversify the Company's portfolio with a decision to implement certain steps to complete due diligence reviews towards the acquisition of a significant new asset which would help to protect the Company and its shareholders from risk concentration.

The targeted assets under review are in the final stages of approval and negotiation and we anticipate the announcement of an agreement towards this acquisition within several days. The Company intends to continue to explore its options as regards additional mining concessions in the near future, and fully expects to indentify and develop future gold deposits during its planned exploration endeavors over the next 24 months.

Furthermore, in order to bolster our operational abilities and to address those roles needed to provide a proactive approach to governance during the upcoming period of activity, Management plans to announce the appointment of additional key personnel with core competencies in finance, business development and mineral exploration management over the coming weeks ahead.

In related news, Management also wishes to squarely address the recent surge in share activity and increase in its shareholder base as a result of the recent events which have transpired during our exploration efforts.

Many initial shareholders had positions which were sold off during the company's dramatic increase in trading volume and value in recent weeks. Additionally, early stage shareholders, advisors, and consultants who held significant blocks of stock joined the profit taking run which we believe is a major contributing factor leading to current conditions.

The Management and Directors of Alto believe this opens the doors for existing and new potential shareholders to re-enter at the current trading range in order to take advantage of a what can reasonably be considered a deeply discounted opportunity as nothing material in the management, operations, results, litigations, or liabilities have transpired to warrant changing a buy or hold status to a sell.

The commencement of new operations, the initiation of core drilling at our ongoing operations at Nkwanta, and the results of the NI-43-101 are all events in the near future that could quickly return value to the recent highs of January.

post #163 of 734
Thread Starter 
XSNX .142


XsunX Moves Closer to Commercializing Its Innovative Technology for the Repla...
MarketWatch - Mar 8, 2010

XsunX Invited to Present at International Workshop on CIGS Solar Cell Technol...
MarketWatch - Mar 2, 2010

XSUNX, Inc. And Intevac, Inc. Team Up To Develop Thin-Film Photovoltaic Manuf...
Reuters Key Development - Sep 21, 2009

XSUNX, Inc. Announces Resignation Of CFO-Form 8-K
Reuters Key Development - Sep 11, 2009

On March 30, 2010, XsunX signed a $5 million stock purchase agreement with Lincoln Park Capital Fund, LLC (“LPC”), an Illinois limited liability company. Upon signing the agreement, XsunX received $500,000 from LPC as an initial purchase under the $5 million dollar commitment in exchange for 5,000,000 shares of our common stock. We also entered into a registration rights agreement with LPC whereby we agreed to file a registration statement related to the transaction with the U.S. Securities & Exchange Commission (“SEC”) covering the shares that have been issued or may be issued to LPC under the purchase agreement. After the SEC has declared effective the registration statement related to the transaction, we have the right over a 25-month period to sell our shares of common stock to LPC in amounts up to $500,000 per sale, depending on certain conditions as set forth in the purchase agreement, up to the aggregate commitment of $5 million.

There are no upper limits to the price LPC may pay to purchase our common stock, and the purchase price of the shares related to the $4.5 million of future funding will be based on the prevailing market prices of the Company’s shares at the time of sales without any fixed discount. The Company will control the timing and amount of any sales of shares to LPC. LPC shall not have the right or the obligation to purchase any shares of our common stock on any business day that the price of our common stock is below $0.08.

In consideration for entering into the $5 million agreement which provides for an additional $4.5 million of future funding, we issued to LPC 1,250,000 shares of our common stock as a commitment fee and shall issue an equivalent amount of shares pro rata as LPC purchases the additional $4.5 million. The common stock purchase agreement may be terminated by us at any time at our discretion without any cost to us. Except for a limitation on variable priced financings, there are no negative covenants, restrictions on future fundings, penalties or liquidated damages in the agreement. The proceeds received by the Company under the common stock purchase agreement are expected to be used in the development of thin film manufacturing equipment and technologies, general and administrative costs, and general working capital

post #164 of 734
Thread Starter 
In progress DD on EEGC - some strong negative sentiment but no solid info yet.



Weinman GeoScience Inc
Ste 1150, 1625 Broadway
Denver, CO 80202-4706
(720) 279-3600


post #165 of 734
Thread Starter 
Lihir Gold Limited Rejects Acquisition Proposal From Newcrest Mining Limited
Wednesday, 31 Mar 2010 07:20pm EDT
Lihir Gold Limited announced that it has rejected an offer from Newcrest Mining Limited to acquire 100% of Lihir Gold Limited's issued ordinary shares through a scheme of arrangement. The offer, which was received on March 29, 2010, was on the basis of one Newcrest share for every nine Lihir Gold Limited shares plus AU$0.225 cash per Lihir Gold Limited share, less any interim dividend declared for the half year ended June 2010. Based on Newcrest's closing share price as at March 31, 2010, the offer was equivalent to AU$3.87 per share and valued Lihir Gold Limited at approximately AU$9.2 billion. While the Board recognized the strategic merits of the combination of the two companies, following careful review and analysis, directors unanimously determined that the offer did not represent good value for Lihir Gold Limited shareholders. This was particularly the case given the conditions and exclusivity arrangements that Newcrest proposed. In the course of discussions leading to the offer, Lihir Gold Limited provided Newcrest with access to limited due diligence items. The due diligence was subject to a confidentiality deed and nine month standstill agreement and gave Newcrest an opportunity to put forward an offer that Lihir Gold Limited's Board may have considered to be in the interests of shareholders.
post #166 of 734
Thread Starter 
Last Trade: 0.0150
Trade Time: Apr 1
Change: 0.0020 (15.38%)
Prev Close: 0.013
Open: 0.015
Bid: 0.0130 x 5000
Ask: 0.02 x 5000
1y Target Est: N/A
Day's Range: 0.0150 - 0.0150
52wk Range: N/A
Volume: 5,000
Avg Vol (3m): N/A
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A

Carthew Bay Technologies Extends Closing Deadline of RTO Agreement With Colorep, Inc.
TORONTO, July 20, 2009 -- Carthew Bay Technologies Inc. (OTCBB:CWBYF) (the "Company" or "CBT"), formerly Astris Energi Inc., announced today that it has agreed to extend the closing deadline of the transaction with Colorep, Inc. ("Colorep") whereby shares of CBT will be exchanged for all of the issued and outstanding shares of Colorep (the "RTO").

CBT and Colorep have agreed to extend the closing deadline of the RTO and related agreements to April 30, 2010, subject to Colorep facilitating CBT's filing of a Form F-1 Registration Statement with the SEC on or before October 31, 2009. In the event that Colorep does not meet these conditions prior to the filing deadline, CBT would have the option to terminate all agreements amongst the parties and all amounts owing to CBT would become due and payable. In exchange for CBT agreeing to extend the closing deadline of the RTO from June 30, 2009 to April 30, 2010, Colorep will advance CBT a further $250,000 of interest and overhead contributions owing under the agreements. This arrangement remains subject to approval by Colorep's bank, PNC.

"We believe that delays in the closing of this transaction have stemmed largely from Colorep's financing activities. As Colorep has now secured additional financing, they can turn their attention to completing their audit, which in turn should enable CBT to file the registration statement on the proposed timeline reflected in the amendment," said Michael Liik, President and CEO of CBT. He went on to say that "We continue to be pleased with Colorep's progress in commercializing its AirDye(r) technology and look forward to participating in this revolutionary new technology."

About Colorep and Transprint USA

About Colorep, Inc.

Colorep, Inc. (www.colorep.com) is a leader in subsurface printing and fabric dyeing technologies, providing products and services to the promotion, apparel, commercial furnishings and home decor markets. Colorep provides these services to companies through its wholly-owned subsidiary, BetaColor LLC, its printing applications division and through the licensing of its technology to manufacturers in these addressable markets. Colorep's technology encompass a range of advances in the coloration and decoration of fabrics, vinyl, plastics, and coated metals. Its AirDye(tm) technology introduces coloration of fabric without negative environmental impacts.

About Transprint USA, Inc.

Transprint USA, Inc., a wholly-owned subsidiary of Colorep ("Transprint") (www.transprintusa.com), is a leading supplier of transfer-printing paper for decorating polyester, polyester rich substrates and certain other synthetic materials. With a design library of over 12,000 designs, Transprint is a leader in design choice and innovation. Transprint's products include Transwide(tm), a patented, exclusive product providing transfer-printing paper up to 126" (320cms) and Transeeze(tm), a release paper product for the printing of vinyl and other plastics. Transprint supplies its worldwide customer base through a direct sales force and agents located in a number of foreign countries.



post #167 of 734
Thread Starter 
Rainmaker Systems, Inc.(NasdaqGM: RMKR)
After Hours: 0.00 N/A (N/A) 7:00pm ET

Last Trade: 1.52
Trade Time: Apr 1
Change: 0.02 (1.33%)
Prev Close: 1.50
Open: 1.49
Bid: 0.40 x 800
Ask: N/A
1y Target Est: 2.50
Day's Range: 1.36 - 1.52
52wk Range: 0.64 - 1.83
Volume: 56,761
Avg Vol (3m): 29,298.4
Market Cap: 29.79M
P/E (ttm): N/A
EPS (ttm): -0.43
Div & Yield: N/A (N/A

Rainmaker Systems, Inc., a leading provider of sales and marketing solutions offering SaaS application software and execution services, today announced it has appointed Gary Briggs to its Board of Directors. Mr. Briggs, 47, is currently Chief Executive Officer of privately held Plastic Jungle, the web's leading gift card exchange. The appointment is effective today and increases Rainmaker's board to six members. Mr. Briggs' candidacy to continue as a board member upon the expiration of his term next year will be subject to the approval of shareholders at Rainmaker's annual shareholder meeting in 2011.

Prior to joining Plastic Jungle in 2008, Mr. Briggs served as Senior Vice President and Chief Marketing Officer at eBay, responsible for eBay's branding and marketing activities in North America, including advertising, Internet marketing, direct marketing, onsite merchandising, partner relationships, and core category initiatives. In his six-year career at eBay, Mr. Briggs held numerous positions including VP of Consumer Marketing for eBay U.S., VP of Global Marketing for PayPal, and General Manager for eBay Canada.

Rainmaker's CEO Michael Silton commented, "Gary brings to our Board and shareholders a strong marketing and e-commerce background that includes extensive expertise and experience with both large and small companies. We believe he will play a strong role in providing additional leadership to the Board, and we look forward to his contributions."

Prior to his tenure at eBay, Mr. Briggs was a founder of OurHouse, Inc., an e-commerce company partnered with Ace Hardware, and has served in senior marketing positions with Pepsi-Cola and IBM. He was also an associate and engagement manager at McKinsey and Company. He earned a Bachelor of Arts degree from Brown University and a Masters in Business Administration from J.L. Kellogg Graduate School of Management, Northwestern University.

About Rainmaker

Rainmaker Systems, Inc. delivers sales and marketing solutions, offering hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery Platform(SM) combines proprietary, on-demand application software and advanced analytics with specialized sales and marketing execution services. Rainmaker clients include large enterprises in a range of industries, including computer hardware and software, telecommunications, and financial services industries. For more information, visit www.rmkr.com or call 800-631-1545.

NOTE: Rainmaker Systems, the Rainmaker logo, and Sunset Direct are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.

post #168 of 734
Thread Starter 



Carbon Jungle is an alternative energy service company based in Irvine, California with an international division in Shanghai, China. Through our US operations, Carbon Jungle is focused on becoming a leader in developing, designing and delivering solar and biomass "green" energy power plants. By implementing exciting 21st century technology, Carbon Jungle is poised to become a major supplier of clean, cost effective and "green" alternative energy sources to all major cities, states and countries abroad.

Carbon Jungle's China division, based in Shanghai, is expanding our presence and opportunities within the fastest growing economy over the last decade. China has become one of the top consumers of raw energy and basic materials to help supply and support its incredible growth. Carbon Jungle Shanghai will be providing products and services to supply that appetite. Carbon Jungle Shanghai has established relationships to provide, not only the necessary technology to develop "green" energy power plants, but to become major suppliers of exclusive organic fertilizer to the country's growing agriculture and industrial industry, as well as implementing our glass recycling technology. Carbon Jungle Shanghai has been working directly with the Chinese government and various local businesses to build strong and lasting relationships that will allow Carbon Jungle to prosper within this expanding economy.

Carbon Jungle believes that going green is not only the right thing to do, it is a very profitable thing to do. By developing renewable energy, state of the art recycling plants, and delivering organic fertilizer products, Carbon Jungle is poised to be an industry leader

Corporate Officers
David M. Levinson, CEO
Mr. Levinson is the CEO since the company’s introduction into China. From January 2008 to June 2009 he was a partner in Huayi Industry, a Chinese management consulting firm specializing in relationships with government and business leaders. In this capacity he frequently met with the mayors and heads of economic development of many cities in the Greater Shanghai Area including Baoying, Gaoyou, Nantong, and Tongxiang. He was the China Director for Olsenhoman, an American solar consulting firm, from July 2008 to May 2009. Mr. Levinson is a graduate of Amherst College.

David Spear, CFO
Mr. Spear was brought aboard for his experience in finance through the world of academia. His ability to instruct others in finance made him valuable in terms of bridging the cultural differences between Asian and Western methodology concerning business and finance. This bridging of East and West includes the building of alliances for such companies as Disney. Also, Mr. Spear’s multicultural background and experience along with his prudent and meticulous care for detail has added a solid foundation to the ever changing world of finance in Asia during a time of great growth and opportunity. Mr. Spear graduated from North Carolina State in Finance.

T Chad Reeves COO
As a consultant, Mr. Reeves has spent the last 20 years helping hundreds of small to large sized companies develop from the drawing board to full scale operation. Mr. Reeves has been residing in Asia for the past 8 years. With experience in South Korea, Taiwan and Mainland China, Mr. Reeves has a deep understanding of the differences between the eastern and western business cultures. Recently, Mr. Reeves was in charge of the operations of Newsphere, LLC in Shanghai, China. In terms of relationships and government negotiations, Mr. Reeves has developed friends and working agreements with many of the Chinese local business groups and municipalities. Mr. Reeves is a graduate of Northeastern University and Sogang University in Korea.

Partners & Associates
US Green Energy, Inc.
US Green Energy is an infrastructure management company focused on partnering or acquiring high-growth firms, assets and properties in the Green & Renewable Energy industry. USGE is an Integrator of technologies and products into energy markets. They design, integrate, construct and maintain power systems using a variety of technologies and energy sources both for grid-connected customers and for customers who need power solutions for remote locations. They specialize in designing and constructing reliable and environmentally benign alternatives to centrally distributed electricity. The core theories of USGE revolve around distributed generation from Bio fuels and cleaner, more sustainable sources such as wind, solar, and geothermal using reliable power generation technologies integrated with custom controls.

Altastar is a corporate managment consulting group that is multi-faceted in funding, research and development, and mulit-national channel distribution. We focus on the areas of North, South and Latin America with offices covering all of Asia and the Middle East.

Current projects include:
Industrial Farming of fresh produce and industrial use produce offering high yields of 45 days from seed to harvest. This includes also a research development facility for engineering crops for specific industrial needs.

Agri-business technology of organic fertilizer based on client need (soil and crop) that is minerally enriched for optimum speed of harvest and yield while being natrually nutrionally enriched.

Energy Alternatives---Non-silicon based solar wafer, bio-fuel, ethanol, and tire vaporization

post #169 of 734
Thread Starter 
post #170 of 734
Thread Starter 

CGDA 3.00 I think they could be picked up at 1.07 or .33 on a retracement.

C & G DEC Capital, Inc. changing name to Energiz Renewable, Inc


On Wednesday, March 17, 2010 a Stock Purchase Agreement was entered into by and between Environmental Energy Enterprises Limited an entity registered in the United Kingdom (House # 5094072) represented by its President David Brown, the Chairman of the Board of the Registrant as agent for various buyers and Edward T. Whelan, the CEO, CFO and Director of the the Registrant as agent for various shareholders of the Registrant that own a total of 11,658,300 common shares out of a total of 12,272,300 issued and outstanding common shares of the Registrant. Under said Agreement, the Buyers purchased an aggregate of 10,492,470 common shares of the Registrant from the Sellers for an aggregate price of $300,000 to be paid to the Sellers on or before July 18, 2010 at the office of the Registrant. As a consequence of this Agreement, David Brown shall own or control a total of 8,789,400 common shares of the Registrant, which constitutes 71.6% of the total outstanding shares.

post #171 of 734
Where do you find news like that on EDGAR? I can only find filings/
post #172 of 734
Thread Starter 
Originally Posted by Tmunroe1986 View Post
Where do you find news like that on EDGAR? I can only find filings/

You will figure it out.
Or you will pay Yahoo ??????????

post #173 of 734
Thread Starter 

Nord Resources Reports 2009 Year-End Results
- Net revenue of $19.9 million on sales of nearly 8.1 million pounds of
copper following the commencement of commercial production in April
- Company generates net income of $0.4 million for 2009
- Ramping up of production continues and Nord expects to reach positive
operating cash flow in the 2010 second quarter
- Company does not make scheduled principal and interest payment due
March 31, 2010 under credit agreement with Nedbank; enters into 21-
day forbearance agreement to negotiate amendments to the agreement

TUCSON, AZ, March 31 /CNW/ - Nord Resources Corporation (TSX: NRD / OTC: NRDS), which is ramping up copper mining and processing operations at the Johnson Camp Mine in Arizona, today announced its financial results for the year ended December 31, 2009. The audited consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles and all currency amounts are in U.S. dollars.

"Since reactivating the Johnson Camp Mine and commencing commercial production from newly mined ore in April 2009, we have made considerable progress both in our mining and processing operations. However, during this period, we have also encountered a number of challenges that have caused us to miss our targets for the year with respect to copper output, earnings, and cash flow," said Randy Davenport, interim Chief Executive Officer.

"Some of the challenges that we incurred are not unusual for a start-up or reactivation of a mining operation, but some were unexpected, such as the failure of a well casing in a primary water supply well in late October 2009 which contributed to several months of lower-than-forecasted flow rates of pregnant leach solution through our SX plant. This, together with unusually dry weather in the last quarter of 2009, resulted in lower-than-expected copper production. In early January 2010, we placed two new wells into operation at a capital cost of approximately $400,000. This resulted in significantly increased flow rates that now are at the levels that we forecasted as necessary to achieve our production targets.

"In the first quarter of 2010, however, we experienced periods of heavier-than-usual rainfall, which resulted in dilution of the leach solution and turbidity problems in the solvent extraction plant, again causing some lower-than-expected production," Mr. Davenport continued.

"Forecasting copper production during a ramp-up period is difficult for any reactivation of a leaching operation where residual leaching was previously done for an extended period of time. During residual leaching, copper is extracted from ore that was retained in the pads during normal operations. When new ore is placed on top of these pads, some of this new copper is retained in the old pads until a more steady state is reached. This copper will eventually be extracted over time, but during a ramp-up period, it is difficult to forecast production. During the ramp up, we have underestimated the magnitude of copper that has been retained in the pads," he added.

"While the issues encountered affected the timing of achieving our target production rate of 25 million pounds of copper per year, they have not changed our expectations that we will reach that production level," Mr. Davenport said.

post #174 of 734
Thread Starter 
post #175 of 734
Thread Starter 
possible good shell, no bid though so maybe false lead

URES .0001
post #176 of 734
Thread Starter 

CPQQ 3.24 I think pick them up at 2.50

post #177 of 734
Thread Starter 
FNDM .70



Saturday, 03 April 2010
Fund.com, Inc., (OTC Bulletin Board: FNDM) announced here today that effective as of March 29, 2010, it has acquired Weston Capital Management, LLC, an originator and distributor of hedge funds.

Founded in 1993 and headquartered in West Palm Beach, FL., Weston Capital earns fees on assets exceeding $1.0 billion under management. It has three lines of business: it originates and markets fund of funds; it originates and markets single-manager hedge funds; and it raises capital to seed new hedge funds. In 2010, Weston Capital and Harcourt AG formed a strategic alliance for investment manager identification and fund seeding. Harcourt, a $4.5 billion alternative investments manager that is majority owned by Vontobel Group, the $70 billion Swiss banking group, is a leading global advisor of alternative investments for institutional investors.

Weston Capital founder Albert Hallac continues as CEO of Weston Capital, directing its day-to-day operations and business strategy. In addition, Fund.com Chairman Joseph J. Bianco will become Chairman of Weston Capital. Weston Capital also has offices in London and New York City.

Fund.com CEO Gregory Webster and Weston Capital CEO Albert Hallac said, "We believe with the Weston Capital operations when aligned with Fund.com's majority interest in AdvisorShares, a developer and marketer of actively managed ETFs, Fund.com will be able to significantly accelerate increases of assets under management since it now has the ability to seed, originate and distribute hedge funds as well as seed, originate, develop and distribute actively traded ETFs to institutional and retail investors. AdvisorShares, Bethesda, MD, is one of the few companies that has been able to obtain approval from the US Securities and Exchange Commission to create actively managed ETFs. The ETF sector has assets more than $1 trillion and is the fastest growing segment of the fund management industry."

Webster added, "With Weston Capital's proven capability to seed new fund products, combined with its seasoned global institutional sales force, Fund.com is now positioned to capture revenue streams from an array of hedge fund and actively managed ETFs. Importantly, Weston has the global institutional relationships that can capitalize on AdvisorShares patent-pending exchange-traded fund platform as well as powerful distribution capability among institutions worldwide."

AdvisorShares CEO Noah Hamman said, "Weston and AdvisorShares are perfectly complementary and we are looking forward to working with Weston to originate ETFs as well as help other managers launch their own ETFs and to market our actively managed ETFs to institutions worldwide with the expertise of Weston Capital's established sales force. These activities will greatly expand our footprint in the rapidly growing market of actively traded ETFs."

Hallac said, "Weston anticipates that with greater resources and an entry to the fast-growing ETF market, we will offer our existing and potential clients a broader range of financial investment opportunities. In particular, we see great potential for growing our assets under management and related fee income by expanding our seeding platform to include the origination and development of new actively managed ETFs."

Under the Harcourt strategic alliance, Weston Capital and Harcourt will seed and develop new hedge fund businesses via Weston Capital's incubation platform. The alliance combines Weston's extensive experience in early stage hedge fund investing and marketing with Harcourt's proven investment expertise in global manager selection, due diligence and risk management.

Since January 2004, Weston Capital's hedge fund seeding platform (via the Weston-Atlas Partners Fund and the Weston Capital Partners Fund II) has provided sponsor capital for 13 emerging hedge fund managers. Weston intends to raise $250 million for its third incubation fund, Partners III, which will seed both hedge funds and actively managed ETFs, with Harcourt providing investment infrastructure and risk management.

About Fund.com

A diversified financial services company, New York City-based Fund.com, which has assets of $1 billion under management, focuses on the origination, seeding and formation of both actively managed ETFs and hedge funds through its wholly owned subsidiary Weston Capital Management, based in West Palm Beach, FL and its majority-owned subsidiary, AdvisorShares, Bethesda, MD, which is one of the few companies that has an exemption from the Securities and Exchange Commission to create actively managed ETFs. Fund.com markets globally to retail and institutional investors.

Other operations: an ETF and mutual fund online information resource, www.fund.com; online education programs for investors and businesses; and a strategic equity investment in a professional employer organization that provides services to small and medium businesses, including 401k retirement plans and other services.

About Weston Capital Management

Weston Capital Management LLC and its affiliates are an alternative investment group founded in 1993. Based in West Palm Beach, Fl, with offices in New York, and London, Weston currently employs more than 25 professionals worldwide, managing in excess of $1 billion. For further information, please visit www.westoncapital.com.

About AdvisorShares

AdvisorShares is a turnkey platform for investment managers seeking to offer their investment strategy in an actively managed ETF. www.advisorshares.com.
post #178 of 734
Thread Starter 
More about FNDM


Estimated Market Cap
$30,528,635 as of Apr 1, 2010
Outstanding Shares
43,612,335 as of Mar 26, 2008
Number of Shareholders of Record
402 as of Mar 28, 2008

Best Bid Best Ask Time of Last Inside Change
0.54 (2,500 shares) 0.70 (2,500 shares) Apr 1, 2010

post #179 of 734
Thread Starter 
On the Q's


A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. There is no federal law that prohibits trading of securities of companies in bankruptcy.

Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.

If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol. Be sure you know which shares you are purchasing, because the old shares that were issued before the company filed for bankruptcy may be worthless if the company has emerged from bankruptcy and has issued new common stock.

During bankruptcy, bondholders will stop receiving interest and principal payments, and stockholders will stop receiving dividends. If you are a bondholder, you may receive new stock in exchange for your bonds, new bonds, or a combination of stock and bonds. If you are a stockholder, the trustee may ask you to send back your old stock in exchange for new shares in the reorganized company. The new shares may be fewer in number and may be worth less than your old shares. The reorganization plan will spell out your rights as an investor, and what you can expect to receive, if anything, from the company.

The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) If the company's liabilities are greater than its assets, your stock may be worthless. Contact your local Internal Revenue Service (IRS) office or call 1-800-829-1040 for information about how to report worthless securities as a loss on your income tax return. If you don't know whether your stock has value, and you can't find a stock or bond price in the newspaper, ask your broker or the company for information
post #180 of 734
Thread Starter 

Warrant stock??

Not sure how this works, didnt realize what I was getting into.


HUGHES Telematics, Inc

Got 1000 shares, limit .06 but it pulled me in at .0599, maybe avg down if needed.


Warrant (right to buy Common Stock) $6.00 12/17/2010 P4 3000000 12/17/2010 Expires 12/17/2014


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