Four Issues On The 20 Most Active Board Rally Over 35%
Houston, TX -- (OTCBB NEWSWIRE) -- You don't have to look far for winners today on the OTCBB, four issues on the 20 most active board are posting over 35% gains. Volume has improved dramatically today over yesterday. Already today, volume on the OTCBB is slightly over 181 million, compared to 310 million for the entire day yesterday.
Worldwide Wireless Networks (WWWN: .07) is up .015 (27%), off its intra-day high of .095. Volume is 6,419,100, exceeding its daily average already. Besides some intermediate pull backs, WWWN has rallied for the past few days, running from the .02 level. There is no news out today. The last news story, dated June 26, announced that Orange County, California implemented the WWWN system for a mobile wireless Local Area Network. WWWN apparently designed and constructed a system for the County Civic Center that encompasses 15 buildings, including, the County Courthouse, the Central Justice Center, the County Law Library and the Santa Ana City Hall. The system is intended to demonstrate the role that wireless Internet connectivity can play in enhancing County employees' productivity by increasing the time spent in the performance of their field duties.
Another wireless company posting tremendous gains, World Wide Wireless Communications, Inc. (WLGS: .02) better by .006 (43%). Volume is 1,219,300, nearly its entire daily average already. WLGS announced, June 11, that its Form SB-2 Registration Statement had been declared effective with respect to the Equity Line of Credit previously entered into by the Company and Grenville Finance Ltd. World Wide Wireless Communications, Inc. owns interests in a substantial number of high-speed wireless Internet frequencies in the United States, Peru, India and Thailand either solely or through subsidiaries or joint ventures.
The Majestic Companies, Ltd (MJXC: .045) has issued three press releases over the past two days. The announcements gave MJXC shares a boost up .012 (36%), off its intra-day high of .054. Yesterday the company said, "The National Highway Transportation Safety Administration (NHTSA) has selected the SAFE-T-BAR(TM) for inclusion in their extensive research program..." Today, the company announced, "The SAFE-T-GARD, has received the go ahead for installation in both California and Michigan." In a third press release, MJXC advised the company is to be featured on JagNotes.com's Live Financial Television Show, JAGfn.com on the morning of Thursday the 26th. Volume is 5,901,200, over twice its daily average.
Magellan Filmed Entertainment (MFLM: .0015) shares are higher by .0004 (36%) on volume of 2,619,100. The company's last press release, June 19, reported, "the public screening, at the Seattle International Film Festival, of its initial full length feature film project RENNIE'S LANDING was well received by the sold out audience." On July 23, we reported on the PRE 14C(Preliminary Proxy Statement) filed with the SEC, to raise authorized to 950 million from 200 million, over a 400% increase. See Magellan Prepares to Crank Up the Presses, Raising Authorized to 950 Million.
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