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SYZ storming out the gate this morning!
.06 per share earnings reported and .25 projected for this year and .40 cash per share.
Buying at bid lately reflecting this good news.
$3.25 target for now
SYZ keeps on rocking on above average volume!!
BTW, anybody know if MSI laptops are any good?
tia
ou
OMG, syz and wed looking even berra!
WED at .65 (good times ahead here, imo)
SYZ @ 1.64 today
SYZ at $1.50 === OU is purring!!
Wow, not to mention a DIVIDEND!!
:)
Sylogist to pay 1.5-cent quarterly dividend
2010-02-11 12:46 ET - News Release
Mr. Jim Wilson reports
SYLOGIST LTD. DECLARES QUARTERLY DIVIDEND
Sylogist Ltd. will pay a dividend of 1.5 cents per share on Sylogist's common shares. The dividend will be paid on March 15, 2010, to shareholders of record at the close of business on Feb. 26, 2010.
All dividends paid by Sylogist to holders of common shares in the capital of the company will be treated as a return of capital, unless otherwise indicated.
WED on TSX has a blip today on news!
Oil, gold and CDN dollar on the rise. Interest rates are going to follow mid year and then watch for some interesting inflationary movements.
Gee, I leave the country for a few weeks and I see that all my basket case stocks have all gone up!
Maybe I should invest by prolonging my stay?
lol
thanks for heads up!! gonna check it out!!!
O.u.;see zim,up 1500% from 52 week low,new news too.eom
Horizons BetaPro funds to split, consolidate shares
2009-09-02 17:37 ET - News Release
See News Release (C-HND) Horizons BetaPro NYMEX Natural Gas Bear Plus
Mr. Martin Fabregas reports
BETAPRO MANAGEMENT INC. ANNOUNCES UNIT SPLIT AND CONSOLIDATION
BetaPro Management Inc. intends to split or consolidate units of Horizons BetaPro NYMEX Natural Gas Bear Plus ETF and Horizons BetaPro NYMEX Natural Gas Bull Plus ETF.
Unit split
After the Toronto Stock Exchange has closed for trading on Tuesday, Sept. 15, 2009, the units of HND will be split on the basis of the ratio set out, and will begin trading on a split-adjusted basis on Wednesday, Sept. 16, 2009, with the split to become effective on Sept. 18, 2009, for unitholders of record on that date.
ETF Ticker Split ratio
Horizons BetaPro NYMEX
Natural Gas Bear Plus ETF HND 2:1
Unit consolidation
After the TSX has closed for trading on Tuesday, Sept. 15, 2009, the units of HNU will be consolidated on the basis of the ratio set out, and will begin trading on a consolidated basis on Wednesday, Sept. 16, 2009, the effective date of the consolidation.
ETF Ticker Consolidation
ratio
Horizons BetaPro NYMEX
Natural Gas Bull Plus ETF HNU 1:5
HNU keeps going lower and another r/s is always a possibility.
SYZ is heating up with buyback news
Natural gas ETF going down some more which may mean another r/s. Too much gas stored and not enough demand.
Can an ETF be shorted?
HNU getting hammered again
Kent receives New Zealand prospecting permit
2009-08-20 12:23 ET - News Release
Mr. Graeme O'Neill reports
KENT ACQUIRES LYELL GOLD PROPERTY
Kent Exploration Inc., through its wholly owned New Zealand subsidiary, Kent Exploration NZ Ltd., has received from Crown Minerals New Zealand, a prospecting permit, 51590, in close proximity to the company's Reefton gold project, on the west coast of the South Island, New Zealand.
The 472.2-square-kilometre Lyell gold prospect, located approximately 40 kilometres northwest of Reefton, is considered to be the northern extension of the prolific Reefton goldfield, where historic production is reported to be in excess of 10 million ounces of placer gold and two million ounces of lode gold. Lyell also has potential for intrusion-related gold mineralization.
The Lyell area contains a number of historic mines including the Lyell and the Alpine gold mines, that had a reported historic production of 96,500 ounces of lode gold at a historic grade of 16 grams per tonne (g/t). These two mines are within ground permitted to Auzex Gold, which is surrounded by Kent's Lyell permit.
Other historic mines in the Lyell area include the Strathconor in the Rough and Tumble Creek gold zone, in the northern area of the property, which reportedly contained a one-metre-wide quartz vein with historic reported assays up to 12 g/t gold and 342 g/t silver (10 ounces per ton), and the Red Queen, which reportedly produced approximately 3,100 ounces at an average grade of 44 g/t. Other historic mines which were established on other gold-bearing occurrences in the area were the South Pacific, Mokinui, Southern Light, Lady Agnes and Guiding Star. The Bald Hill molybdenum prospect and the Ngakawau scheelite prospect were discovered in the Lyell area in the 1970s.
Kent plans to conduct a geological mapping and sampling program on the Lyell gold prospect during late 2009.
Nancy Reardon, MSc, PGeol, a qualified person as defined by National Instrument NI-43-101, is the company's senior geological consultant for the company's New Zealand and Australian exploration activities.
Banks uptrending today. Natural gas not doing so good. I guess our lousy summer is reducing demands for a/c
CDN banks doing very well today!!!!
Vav keeps freshening up its website. I am not sure if this means anything exceot that they are not giving up.
ITF has new low again, I fear this one is falling towards oblivion
CDN bank stocks rebounding ....
ITF or Freegold on TSX hitting new
lows as financing is killing this mining play that was full of potential.
Allen-Vanguard wins contracts valued at $8-million
2009-07-07 06:24 ET - News Release
Mr. David Luxton reports
ALLEN-VANGUARD RECEIVES $8 MILLION IN ORDERS FOR PROTECTIVE EQUIPMENT AGAINST IMPROVISED EXPLOSIVE DEVICES (IEDS)
Allen-Vanguard Corp., in the last week of its third quarter ended June 30, 2008, was awarded contracts totalling approximately $8-million for protective equipment against IEDs, including robots, bomb suits and electronic countermeasures (ECM) systems for undisclosed customers. "We are pleased at this pickup in order flow and the continued confidence of our customers, which reflects their preference for proven, world-class equipment when it comes to saving lives," said David E. Luxton, president and chief executive officer.
The company stated that it expects to deliver the bulk of the orders by the end of its fourth quarter of fiscal 2009, which ends Sept. 20, 2009.
We seek Safe Harbor.
Wow! Is this for real.. Such short memories. Nemo gonna go ballistic!!
lol
TYLER, Texas--(BUSINESS WIRE)--CMKM Diamonds, Inc. announces the completion of an agreement with 101047025 Saskatchewan Ltd. (“1010”). This agreement is part of an overall settlement of a lawsuit brought by Entourage Mining Ltd. (“Entourage”) against both CMKM and 1010 under Action No. 5075800 in the Supreme Court of British Columbia (the “Entourage Lawsuit”). As a term of the overall settlement, Entourage will consent to a dismissal of the Entourage Lawsuit against both CMKM and 1010, as if it had been heard on its merits and dismissed.
Under the overall settlement of the Entourage Lawsuit, 1010, CMKM, and Entourage agreed to cancel and terminate the previous agreement between CMKM, 1010, and Entourage that was dated October 20, 2005 (the “2005 Agreement”), with respect to certain mineral claims in Saskatchewan that are owned by 1010. In consideration of that dismissal, CMKM will return to Entourage 3 million of the 4.5 million Entourage shares that it acquired under the original agreement, and Entourage has given up all claims or rights to the remaining mineral claims, all of which are owned by 1010. CMKM also returned the remaining 1.5 million shares back to Entourage for a payment from Entourage of $85,000.
Under their new agreement, CMKM and 1010 will form a new company (“New Corp.”) to explore the remaining mineral claims that were the subject matter of the 2005 Agreement. These remaining claims have produced core samples that were drilled by 1010 in late 2005 and early 2006 and have yet to be tested. The New Corp. will, in turn, form a joint venture with 1010 to explore and develop the remaining mineral claims. 1010 will be the sole Operator of the new joint venture and will continue to be the sole owner of the remaining mineral claims. However, the New Corp. will have the right to acquire those remaining claims owned by 1010 by incurring expenditures for exploration, drilling and development on the claims in a cumulative amount that will be no less than four million dollars during the first five years. CMKM is solely responsible for raising no less than 80% of these funds for the New Corp. and 1010 is solely responsible for raising no less than the remaining 20% of these funds for the New Corp.
1010 will hold total voting control of the New Corp. The authorized capital of the New Corp. will consist of Class A voting common shares, without any right to dividends or capital, except that the said Class A common shares will, on a winding up or dissolution, be entitled to repayment of capital paid therefore, and Class B non-voting common shares, with rights to payment of dividends and capital. Eighty million Class B common shares will be allotted and issued to CMKM. Twenty million Class B common shares and ten thousand Class A common shares will be allotted and issued to 1010. CMKM will thus be entitled to 80% of profits earned by the New Corp.
CMKM Diamonds CEO Mark Faulk stated, “This joint venture agreement is another step in our ongoing efforts to return viable assets to CMKM Diamonds. Rights to the remaining claims were retained because they showed the greatest potential for diamonds. Many shareholders originally invested in CMKM because of this potential, and we believe it is in the best interest of Company and its shareholders to pursue this opportunity to benefit from any real value in the remaining claims. The New Corp. intends to begin testing on existing core samples from the remaining claims in the very near future.”
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Contact:
CMKM Diamonds Inc.Mark Faulk, 903-262-8397
CDN bank stocks falling ... I see an opp coming!
good luck :)
Oil is just going nuts, are you playing it?
Covalon loses $2.8-million in Q2 2009
2009-05-28 11:51 ET - News Release
Dr. Frank DiCosmo reports
COVALON RELEASES SECOND QUARTER 2009 FINANCIAL RESULTS
Covalon Technologies Ltd. has released its financial statements for the second quarter of fiscal 2009 ending March 31, 2009. Total revenues for the three months ending March 31, 2009, were $781,433, an increase of $126,808 over the same period of the previous year. Total revenues for the six months ending March 31, 2009, were $1,243,600 compared with $1,585,519 in the same period of the previous year. Net loss for the six months ending March 31, 2009, was $2.8-million and net cash outflows for the same period were $3.6-million. At March 31, 2009, the company had $9.0-million in cash and cash equivalents available for use.
Peter Hobbes, Covalon's chief financial officer, noted: "I am quite pleased with the steps that Covalon is taking to reduce expenses, preserve cash and improve sales. I am encouraged by the focused efforts of management and staff to improve our performance."
Dr. Frank DiCosmo, Covalon co-founder, president and chief executive officer, stated: "Covalon's exceptional team of world-class medical researchers and scientists are extremely busy working on a number of existing projects and new sales initiatives. I am optimistic that our shareholders' patience will be rewarded in due course and that our sales activities led by Covalon co-founder and chief business officer, William Jackson, will result in new customer contracts."
good morning OU, that pretty much paints the true picture.
IRS tax revenue has plunged 34% --- that is very worrisome as you say bye bye to tax base which is paying for stimulus.
sad, but we all knew something just wasn't quite right
SEC charges eight men in alleged pump-and-dumps
2009-05-22 14:23 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
by Mike Caswell
The U.S. Securities and Exchange Commission has filed civil fraud charges against eight men who allegedly made $6.2-million pumping and dumping four separate stocks. (All figures are in U.S. dollars.) The companies include Playstar Corp., an Ontario pink sheets listing that purported to be developing a proprietary text message system for cellphones. The SEC alleges that the men received free-trading shares of Playstar and the three other companies for little money, and then sold them on the market after manipulating the stocks.
In addition to the SEC case, seven of the men are facing criminal charges in parallel indictments unsealed Thursday in the District of Delaware. Those criminally indicted include Matthew Brown, 26, who operates the penny stock website InvestorsHub.com. Others indicted were Pawel Dynkowski, 24, of Delaware; Joseph Mangiapane, 43, of California; Marc Riviella, 50, of California; Jacob Canceli, 50, of California; Gerard D'Amaro, 38, of Florida; and Angelo "Bill" Panetta, 48, of California. The defendants in the SEC case include an eighth man not criminally charged, Adam Rosengard of New Jersey.
SEC's complaint
The SEC, in a complaint filed May 21, 2009, in the District of Delaware, claims that the manipulations happened in 2006 and 2007, and followed a similar pattern. First, Mr. Dynkowski and his accomplices agreed to sell large blocks of shares of penny stock companies in exchange for a portion of the proceeds, the SEC claims. It says the companies placed these shares in nominee accounts that Mr. Dynkowski controlled. Then, Mr. Dynkowski and the other defendants pumped the stocks through wash sales and matched orders, often timed with false or misleading news releases from the companies, the complaint states. After artificially inflating the stocks, Mr. Dynkowski and the other defendants allegedly sold the shares and split the illicit profits.
The complaint identifies four companies that were manipulated in the scheme: GH3 International Inc., Asia Global Holdings Inc., Playstar Corp. and Xtreme Motorsports of California Inc. The Playstar scheme began in October, 2006, the SEC says. Between Oct. 18 and Dec. 19, 2006, Playstar allegedly arranged for 39.6 million shares to be transferred to two accounts controlled by Mr. D'Amaro. At the company's direction, these shares had no restrictive legends, meaning they could be freely traded, the complaint states.
Starting on Oct. 19, 2006, Mr. Dynkowski allegedly used these shares to dramatically increase the company's price by arranging wash sales and matched orders that accounted for millions of shares in volume. At the same time, Mr. D'Amaro had Playstar's chief executive officer issue numerous misleading news releases touting the company, the SEC says. The stock subsequently rose from half a penny on Oct. 18, 2006, the day before the alleged pump started, to 12 cents by Nov. 9, 2006.
As the stock rose, Mr. Dynkowski and Mr. D'Amaro allegedly started selling shares from the nominee accounts. The SEC says that in total, they sold 39.6 million shares of Playstar for a profit of $1.18-million, which they divided between themselves and Playstar or its representatives. The complaint does not make specific allegations against anybody at Playstar, nor does it identify who at the company provided Mr. Dynkowski and Mr. D'Amaro with the shares.
The SEC claims that during the pump-and-dump, Playstar issued a news release designed to mislead shareholders into believing that naked short-sellers were responsible for massive selling of the stock. The news release stated that the company had ordered a list of non-objecting beneficial owners from its transfer agent. "In reality, the alleged naked short selling was actually Dynkowski dumping the shares he had received from Playstar," the complaint states.
The SEC says the largest of the three pump-and-dumps was Asia Global Holdings, which purported to have the rights to the show "Who Wants to be a Millionaire" in China. According to the complaint, the men made $4.05-million dumping Asia Global. Mr. Dynkowski and Mr. Brown allegedly dumped the shares using nominee accounts opened by Mr. Mangiapane and Mr. Riviella, who used their positions as registered representatives at California brokerage AIS Financial Inc. for the scheme.
According to the complaint, the manipulative trades helped boost the stock from 11.5 cents on Aug. 9, 2006, to a high of 41 cents on Aug. 25, 2006. While Mr. Dynkowski and Mr. Brown were selling shares from nominee accounts, they had the company issue a news release touting its second quarter 2006 results, the SEC claims. "Dynkowski told Brown to 'make it sound good ... like AAGH [Asia Global] announces record revenue net profits [sic]' and suggested that the press release state that the company's profits had increased by at least 300%," the complaint reads. The company then issued a news release claiming that its second quarter net income rose 370 per cent, the SEC notes.
The SEC is seeking injunctions preventing future violations of the U.S. Securities Act, appropriate civil penalties and disgorgement, as well as permanent penny stock bans against Mr. Dynkowski, Mr. Brown, Mr. Canceli, Mr. D'Amaro and Mr. Rosengard.
The seven men that were named in the criminal case face varying sentences, should they be found guilty. Mr. Dynkowski and Mr. Mangiapane have the longest potential sentence. They are charged with nine counts of fraud, each of which carries a maximum penalty of 20 years in jail and a fine of up to $5-million.
In a statement issued Thursday, the U.S. Attorney's Office in Delaware said that law enforcement had been investigating the case since 2007. The agencies involved included the Department of Homeland Security, the Internal Revenue Service and the Delaware State Police.
All good here ... working hard and getting ready for winter getaway
hi bro hope all is well!
Venga affiliate begins road, camp building at GoldMatta
2009-04-30 09:33 ET - News Release
Mr. Hirsh Kwinter reports
VENGA'S AFFILIATE STARTS CONSTRUCTION OF ACCESS ROAD TO LIBERIAN GOLD MINING SITE AND THE BUILDING OF MAIN BASE CAMP
Venga Aerospace Systems Inc.'s mining affiliate, Global Mineral Investments, LLC (GMI), has now started construction of an access road to GMI's GoldMatta mining site located in the Sanquin mining zone, Liberia. Venga also announced that GMI has started to erect both its main and subsidiary camps, and that all required mining equipment and supplies, including the principle dredge, have now been delivered to the mining sites. GMI is planning to carry on gold dredging operations in those portions of the Upper Tartweh River system flowing through its GoldMatta concession.
In commenting on the status of GMI's mining operation, George Duokenel, GMI's lead geologist and project manager, stated: "We are certainly on course. The team, cutting lines along the rivers to indicate the 16 deepest areas of the river system that we intend to dredge, has completed the job." Mr. Duokenel also confirmed that GMI has now received approval from both central and local governmental authorities to build the 2.9-mile road to GMI's mining sites which will give work crews better access to the sites and provide the local population with a major route between Tartweh and the provincial headquarters in Greenville.
Venga further announced that GMI and Venga have agreed to assist in the construction of the first health clinic and secondary school in the area where GMI's GoldMatta mining concession is located. "We think it is important to be good corporate citizens and to provide as much assistance to the local population as possible," stated Venga president, Hirsh Kwinter. "We want the local people, many of whom we are now hiring, and all governmental authorities to view our mining project as a collaborative effort that will be mutually beneficial to all stakeholders," continued Mr. Kwinter.
GLTY ... nice siggy
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