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STEM
GRCU - nice penny pincher
HIPPQ - .0009 can easily run on low volume
BMIX - .0041. News. Chart
BELO HORIZONTE, BRAZIL -- ( Marketwired ) -- 02/20/15 -- Brazil Minerals, Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today certain agreements with the two largest convertible debt holders in the Company, Group 10 Holdings, Inc. ("Group 10") and St. George Investments, LLC ("St. George").
Under one of the agreements, Saint Valiere, LLC , a company owned by a trust whose beneficiary is BMIX's CEO, acting on behalf of a group of investors as well as for itself, has obtained an option to purchase up to $160,000 (approximately 52% of the remaining principal and interest) of the convertible debt held by Group 10 for a purchase price of 125% of the face amount to be purchased (the "Group 10 Agreement").
The Company's Board of Directors approved the Group 10 Agreement in a vote in which BMIX's CEO abstained. The terms of any debt purchased will remain unchanged and none of the debt is secured by the Duas Barras mine or any other assets or property of the Company. As part of the Group 10 Agreement, the Company, among other things, agreed to increase the number of shares of common stock that it is authorized to issue. BMIX believes that its shareholders benefit from the Group 10 Agreement because any debt so purchased would likely substantially diminish the amount of stock offered for sale in the open market in the foreseeable future.
Separately, under an agreement executed between the Company and St. George during the fourth quarter of 2014, and currently in force, St. George may only convert to common shares, in any 30-day period, a maximum of $44,500 of its remaining notes (the "St. George Agreement"). The Company believes that its shareholders benefit from the St. George Agreement because under current market conditions, the amount that St. George can convert and sell in the open market is relatively small compared to the overall 30-day dollar volume in the Company's stock.
The Company is focusing on clearing its balance sheet from variable-rate convertible debt as soon as possible.
BMIX chart
yes LF pinching and coiled tight. Break 2.60 and it should have nice run.
BMIX
HIPPQ - Thanks. Still has a gap at .004-.01.
Also a pincher
ECIG - .057
HIPPQ - .001
ILIM - .0011
MHYS making higher lows on the chart... Bid support continues to improve.. IMO bottom is in and we are about to start ticking up..
We need a catalyst to really move though.. We're due for news and imo we're going to get a nice push soon like HKUP..
TNEN - .0007
OPXS - .016 Bought .012's
CGRA - .014 Bought .012's
RSII - .0018
VTEQ - .04 Pinching penny. 10m OS, 3.3M float
ENIP - .038 Won settlements against con edison and Itron. Settlement amounts for con edison out in 10Q sept 15th.
BAA - .23 Pincher
NRBT - .11 Low floater. Could run with volume.
LPR - small starter at .52
ICA - in at 7.08
NEWL - .17
AI
