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$NEWL Balance Sheets, Financial Statements, & More Fundamentals
Everyone focuses on different lines of balance sheets and income statements, so I don’t intend to do a line-by-line parsing of these documents. Stevia Corp. has only recently achieved profitability, in their 3rd Quarter of 2013, and there is significant risk associated with young assets, especially small cap companies. I recommend that anyone interested in the company do their own research (and share what they find). That said, looking through Stevia Corp.’s financial statements, here are some of the impressive figures that have caught my attention:
Total revenue has increased from $2.1M in fiscal year ending March 2013, to $6.3M in fiscal year ending March 2014. There has also been an increase in each quarter’s revenue for the fiscal year ending March 2015 and the company has projected another record harvest in Spring 2015 (the large bulk of which will appear on the company’s Q4 statements), which has speculators looking forward to another increase in annual revenue.
For the last four quarters ending September 30, 2014, Stevia Corp.’s assets have increased: $3.6M, $4.3M, $5.4M, and, finally, $5.9M.
Over the same four-quarter period, Stevia Corp.’s liabilities have decreased from $2.8M to $1.4M.
On June 30, 2014, the company produced their first positive earnings per share (EPS) of 0.01, with an EPS of just under 0.00 for the quarter ending September 30, 2014. With a Q1 EPS of 0.01, Q2 EPS of 0.00, and knowing that the company’s largest quarter by revenue is Q4, some speculate that Stevia Corp.’s first positive EPS will appear on finance websites/services that use a trailing twelve month (TTM) figure once the statements for Q4 ending March 2015 are released. This will be the first time in the company’s history that a positive P/E ratio is reflected. http://jonathancraig.org/5-reasons-invest-stevia-corp-otcqb-stev/
$NEWL "NewLead's fleet has been entirely transformed to include younger, flexible in size, fuel-efficient vessels with an
anticipated substantially longer employment lifetime and revenue capacity. Today, NewLead controls a fleet of ten vessels,
five dry-bulk and five tanker vessels, with an average fleet age of 7.4 years. At the beginning of 2014, NewLead controlled
a fleet of two dry-bulk vessels with an average fleet age of 17.84 years."
$CGRW, $MEDT, $DSCR, $UPZS, $IDGC: Senator Espero Discusses Hemp with Rep.Thielen
$NEWL "Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "Our strong relationships with oil majors and specialized oil and bitumen trading companies allowed us to enter into the Contract of Affreightment for the transportation of all bitumen within a few months of the final delivery of all five bitumen tanker vessels. We continue to capitalize on our long-lasting relationships with oil majors and oil trading companies to capture trading opportunities in the market." '
$NEWL Fibonacci chart looks nice at this level.
$CGRW, $UPZS, $IDGC, $DSCR, $MEDT: Pennsylvania State Senator Mike Brubaker Supports Industrial Hemp
$DSCR: Dr. Coldwell Says Hemp Cures Cancer
$SAFC: At the ridiculous low 0.0009 now!
Low MV now as a medical technology hidden gem with some key patents which could be worth millions of dollars!
Only 113M shares FIXED float! Just 219M shares FIXED OS! No dilution!
The same AS but much larger OS peer already exploded to 0.0042 from the same bottom price 0.0004 most recently with much worse OTC tier ("Caveat Emptor")!
TOP 100 Pennies
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$PAL Northern American Palladium DEMAND ON THE RISE
The primary source of industrial demand continues to be from the gasoline automotive
sector, which consumes about 67% of world palladium production for the manufacture
of catalytic converters to help reduce toxic emissions into the environment.
Key factors affecting demand include:
•Increasing
vehicle production in China, India,Brazil & Russia–which are forecasted to lead
the growth in the automobile market;
•Stricter emission controls that mandate the use
of catalytic converters;
•Technological advancements for palladium’s
use in diesel catalytic converters; and
•The recent growth in palladium exchange
traded funds (ETFs) which have significantly
contributed to the increased investment
demand. http://www.napalladium.com/files/doc_downloads/NAP_Fact-Sheet_-November_2014.pdf
$PAL Northern American Palladium
SIGNIFICANT EXPLORATION UPSIDE
•LDI represents a rare palladium
-rich asset with excellent infrastructure & significant exploration
upside
•LDI complex has only been drilled in detail in a 1km
x 1km area and remains largely underexplored
•Multiple targets identified for follow up exploration
near surface and underground
•Regional land package covers the most
prospective mafic complexes in the area (all PGM
properties are less than 30 km from LDI mill)
•Well positioned to convert exploration success into
production and cash flow on an accelerated
timeline
http://www.napalladium.com/files/doc_downloads/NAP_Fact-Sheet_-November_2014.pdf
$ALBKY Company history and operations Founded in 1879 it was a small commercial bank in the city of Kalamata, Greece. In
1918 the institution changed its name to the Bank of Kalamata. Then in 1924 the bank moved its headquarters to Athens and
changed its name to Banque de Credit Commercial Hellenique. The bank kept changing its names over the course of its history.
In 1960 Alpha established a subsidiary in Cyrus, which may later has been sold or closed. In the early 1990s the firm
started to international expansions, especially in the Balkans. Alpha in 1999 acquired 51% of the shares of the Ionian
Popular Bank. One year later the firm completely absorbed Ionian Popular Bank and changed its name to Alpha Bank. Throughout
the 2000s the firm continued to expand its bank through acquisition of bank in new markets. In 2012 the firm acquired
Emporiki Bank from Credit Agricole for EUR 1. In the following year Alpha took over deposits of Cooperative Bank of
Dodecanese, Cooperative Bank of Western Macedonia and Cooperative Bank of Evia.
http://www.gurufocus.com/forum/read.php?2,273977,273977
$IDGC: UPDATED: ID Global Corporation Signs Letter of Intent With Established Medical Marijuana Grower
Source : GlobeNewswire Inc.
Stock : Idglobal Corp. (PC) (IDGC)
ID Global Corp. (OTC:IDGC) is pleased to provide an update pursuant to the execution of the LOI announced on July 23, 2014.
The letter of intent is at least partially binding and subject to due-diligence. However, the following covenants are binding legal obligations and are not subject to due diligence:
$20,000 Deposit to be provided by IDGC for a 5-acre parcel of land with plans to construct a 20,000 sq. ft. facility.
IDGC shall have access to, and have an unrestricted right to use otherwise confidential information of this established Medical Marijuana grower in Vancouver BC, Canada, consisting of intellectual property rights, related to but not limited to the growing of marijuana in a highly efficacious manner, as illustrated in its current business plan and to be further developed by IDGC, coupled with the potential filing of an S-1 for this marijuana grower.
Accordingly, while we believe there are many reasons that transaction will be consummated, even though the document is captioned as a letter of intent, IDGC retains valuable rights even if a transaction is not consummated. Accordingly, the expenditure of the $20,000 nonrefundable amount enables IDGC to continue its quest to profitably pursue the medical marijuana business. Nonetheless, investors are cautioned that IDGC has not yet entered this business.
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, minority positions as well controlling interests in established companies and special situation start-ups.
- Go IDGC
$HPNN: Hop-on Negotiations With OEMs Boosted by Chinese Recognition of Android Patents
Source : Marketwired
Stock : Hop-on, Inc. (PC) (HPNN)
Hop-on Negotiations With OEMs Boosted by Chinese Recognition of Android Patents
TEMECULA, CA--(Marketwired - Jul 2, 2014) - Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) operations in China have been boosted by the recent public acknowledgment by the Chinese government that patents owned by Microsoft are essential to devices using Android Operating System or Chrome. Hop-on is negotiating with OEMs of tablets, smartphones, televisions, set-top boxes, eReaders, portable navigation devices, and the like that can benefit from Hop-on's license agreement with Microsoft.
Hop-on has developed a standard program in which OEMs can take advantage of Hop-on's licenses to bring products into the US. There are hundreds of companies selling unlicensed products to Walmart, Costco, Target and other big box retailers. Essential patent holders have already worked to restrict imports from some OEMs that are in violation, but could find it much easier and effective to directly go after the US retail giants selling those unlicensed products.
With the cost of patent litigation skyrocketing into the many millions of dollars, Hop-on believes this program will save OEMs millions and avoid disruption of their current US sales. Hop-on will be able to quickly establish with Microsoft that royalties on imported products have been paid, allowing OEMs and their US retailers to avoid the risks of expensive and complicated litigation.
Peter Michaels, CEO of Hop-on, stated, "There are dozens of major OEMs selling unlicensed smartphones, tablets, eReaders, navigational devices, smart TVs and set top boxes into big box retailers that are violating Microsoft's patents on Android and Chrome. Essential patent holders have every right to seek legal recourse, and the US and European retailers are not immune. Those retailers are sitting on unlicensed products and receivables that can be subject to court orders to stop sales, have Customs prevent imports at the border, or even require the destruction of any products held."
The People's Republic of China Ministry of Commerce has issued Notice 24 of 2014 acknowledging Microsoft's ownership of patents covering many areas of the Android operating system, including exFAT, RDP, EAS, WiFi, and 3G/4G -related technologies. The Ministry of Commerce has acknowledged that those rights can be enforced in China. The original notice is available at www.mofcom.gov.cn/article/difang/henan/201404/20140400547823.shtml
ABOUT HOP-ON, INC.
Hop-on, Inc. is a global OEM manufacturer of portable electronic devices, based in the United States. Over the past 20 years, Hop-on has successfully secured essential patents for mobile communications and computing technologies, and is respected for developing the world's first disposable cell phone. Hop-on's focus on smartphones and innovative mobile device applications is bringing cost friendly solutions to today's demanding world market. For more information, please visit www.hop-on.com
- Go HPNN
$DSCR: Discovery Provides Shareholder Update
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
MARINA DEL REY, Calif., May 13, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) is pleased to announce that Mr. Dennis Killoran of Wainwright, Alberta, Canada has agreed to become the Company's Primary Hemp Growing Consultant. Mr. Killoran is uniquely qualified having previously cultivated Industrial Hemp under a Health Canada License.
Mr. Killoran is a third generation farmer. In 1999, Mr. Killoran was invited to participate with a symposium which helped draft portions of the Health Canada Regulations. Additionally, Mr. Killoran has sat on the Local Wainwright Inter-Municipal Planning Board and was involved in the inception of the Alberta Bio-Fibre Initiative round table talks with the Alberta Agriculture Department, the Alberta Research Council, and various private interest companies. Through 2000-2003, Mr. Killoran cultivated three hemp crops on farmland ranging from 20 to 140 acres. He currently grows grain on 3500 acres of his property.
There are several factors that have prompted Mr. Killoran to re-evaluate the viability of hemp production, some of the main factors being Discovery's vertical integration model, technological advances in farming and increased demand for hemp related products expected to soar due to loosening of regulations in the United States.
Canadian hemp acreage has been growing steadily since 2008, increasing to 58,000 in 2012. This growth came on the heels of improving processing technology, research, government financial support, increasing number of Canadian businesses developing hemp products and overall growing demand, primarily import demand by the United States which accounts for approximately 90% of Canadian international sales. Canada's gross producer hemp seed cash receipts have been approximately $30-35 million in recent years.
Early estimates are for around 70,000 acres to be planted in 2013 and one industry source indicates a goal of 100,000 acres by 2015. (Canadian Hemp Trade Alliance).
Sales of hemp products to U.S. consumers have reportedly topped $500 million in recent years, while U.S. hemp imports continue to grow (Hemp Industry Association). Industrial hemp could provide economic benefit and jobs given emerging market opportunities if the industry were allowed to fully develop as a commercial enterprise.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Russell Smith
+1-310-961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.
- Go DSCR
$HPNN: Hop-on Staffs New Office in Shenzhen, China
Source : Marketwired
Stock : Hop-on, Inc. (PC) (HPNN)
Providing Support to Local Chinese OEMs for Products Under IPR Contracts
TEMECULA, CA and SHENZHEN, CHINA--(Marketwired - Jun 18, 2014) - Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) a global electronics OEM, is pleased to announce today that a new office has been opened in Shenzhen, China with support staff in response to the overwhelming business opportunities for products being produced and shipped to US and European markets under Hop-on's intellectual property rights.
Local support is being provided to the Chinese OEMs to handle distribution of some or all of the units sold through Hop-on. Royalties will be paid per unit sold in the U.S. and Europe to Microsoft and other IPR holders where appropriate.
Peter Michaels, CEO of Hop-on, stated, "There are billions of dollars of unlicensed telecommunications, computing, and smart devices being sold every month in the US and Europe. Most of the companies producing and distributing these products don't want worldwide licensing deals because of the impact it would have on their domestic distribution channels. Hop-on's negotiated IPR agreements allow us to provide custom tailored solutions to these complex issues."
The new office is located at Room 308, BLD A, Unisplendour Information Harbor, Hi-Tech Park North, Nan Shan District, Shenzhen, Guangdong, China, 51800
ABOUT HOP-ON, INC.
Hop-on, Inc. is a global ODM and OEM manufacturer of electronics, based in the United States. Over the past 20 years, Hop-on has successfully secured essential patents for mobile communications and computing technologies, and is respected for developing the world's first disposable cell phone. Hop-on's focus on smartphones and innovative mobile device applications is bringing cost friendly solutions to today's demanding world market. For more information, please visit www.hop-on.com
- Go HPNN
$DSCR: Discovery's Joint Venture Partner Featured in Ethanol Producer Online Magazine
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
=========
$DSCR: MARINA DEL REY, Calif., May 8, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) provides a follow up to the article published May 7, 2014 in Ethanol Producer Magazine Online features Alberta- based Syngar Technologies Inc. The article mentions two joint ventures recently formed with Cellunol Inc, and Discovery Minerals Inc., respectively. Through collaboration and proprietary technologies, the joint ventures will research the viability of utilizing industrial hemp for the production of ethanol.
The goal of the joint ventures as quoted is, "for the hemp producers in Canada it's to prove and demonstrate that the process is viable," stated Garth Likes, CEO and chairman of Syngar Technologies. The article goes on to say that the hope is that while the US sorts out the legality of allowing industrial hemp production, the joint ventures will prove the viability of the process in time for a final ruling. The full article can be found through the link below:
bit.ly/1ipboj0
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. Syngar licensed a technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave) Technology. The PLUS Wave TM license is a worldwide and exclusive for application in biofuels. The PLUSWave Technology uses specific and proprietary ultrasound frequencies, at specific power levels, over set time intervals to stimulate the fermentation growth of algae, bacteria, fungus or yeast microorganisms by upwards of 30 - 50%.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
1-310-961-4654
At: info@discoveryholdingscorp.com
- Go DSCR
$ALBKY The Alpha Bank's Historical Archives were established in 1999 with a view to preserving the corporate identity and
recording the history of the businesses that make up the Alpha Bank Group. Its remit is to gather, catalogue and safe keep
the archive collections, to seek out new material to enrich them and to preserve the most important records of the daily
operations of the Bank and the Group Companies. The Alpha Bank Historical Archives also lend their support to publications
which refer to the history of enterprises as well as to exhibitions and other relevant events and undertake the organisation
of academic meetings.
The Alpha Bank Historical Archives today have at their disposal a very large amount of archive material which includes
documents, photographs, videos and commemorative items. Of these documents a significant portion has already been
digitalised or is about to be transcribed into digital form. http://www.alphapolitismos.gr/en/03-Historic-Archive
$ALBKY Major Alpha Bank Group Companies: Investment Banking "Alpha Ventures" Alpha Ventures was established in 1990, and was
the very first Private Equity/Venture Capital company in Greece.
Alpha Ventures:
invests in new or dynamically growing enterprises not listed on the Stock Exchange, usually by participating in
their share capital,
provides active assistance to the enterprises in which it invests,
has a long-term participation horizon (over 3-5 years).
Alpha Ventures spearheads the Group’s investment activities in Private Equity/Venture Capital and to this date has carried
out investments in enterprises active in various sectors in Greece and abroad.
Alpha Ventures is also able to attract investors from Greece or abroad or organise financing through bilateral or syndicated
loans.
The Company is actively monitoring the enterprises of its portfolio, providing them with assistance on financial, legal and
strategy matters both during the initial financing stage as well as later on.
In addition, it also offers support in areas that are crucial for sound and sustained enterprise growth, such as:
access to capital markets through the introduction in the Stock Exchange,financial planning,
business alliances, commercial associations, mergers and acquisitions,
attraction of new staff,
entry into new markets.
In addition to the above, the participation of Alpha Ventures in the share capital of a rapidly growing company contributes
the authority of a reliable institutional investor and provides access to the products and services of the Alpha Bank Group.
The Company is staffed by specialised executives possessing significant knowledge and experience and the drive to seek
business partners for financing and supporting their growth. The skills of its human resources, its attention to detail and
the sense of responsibility towards the customer, combined with its size and investment capabilities, make Alpha Ventures
one of the leading Private Equity/Venture Capital companies in Greece.
Our priority is on Greek companies and on companies active in the wider region of Southeastern Europe which are
characterised by predictable cash flows and clear growth prospects, and on investments with a predetermined period for
liquidation, either via internal cash flow or via their sale to a strategic investor or listing on a regulated capital
market. In this context, five new investments worth Euro 14 million are planned, while we also plan to liquidate three of
our participations. http://www.alpha.gr/page/default.aspAid=669&la=2
$ALBKY Major Alpha Bank Group Companies: Investment Banking ALPHA FINANCE INVESTMENT SERVICES S.A. (hereinafter referred to as "ALPHA FINANCE") is a leading Greek investment firm which provides research and brokerage services in both the Equities and Derivatives Markets. It is a member of both the Athens Exchange and the Cyprus Stock Exchange.
The Company enjoys the prestige and corporate culture of the Alpha Bank Group of companies, aiming at consistently and constantly providing comprehensive, creative and flexible investment solutions for the entire range of its extensive client base.
All services are directed at Retail Clients, Professional Clients and Eligible Counterparties wishing to carry out transactions in shares and derivatives. The execution venues could be Regulated Markets, Multilateral Trading Facilities, Systematic Internalisers in Greek and international markets. In addition, ALPHA FINANCE's clients can conduct Over The Counter trades (O-T-C).
ALPHA FINANCE places special emphasis on providing high quality and prompt servicing of clients, aiming at maintaining long term relations based on trust, confidentiality, accuracy of information and the secure execution of transactions.
The Company places high priority on the training of its Personnel and maintains a consistent level of investment in the most advanced information systems and auditing procedures. http://www.alpha.gr/page/default.asp?id=683&la=2
$ALBKY Alpha Astika Akinita S.A. is active mainly in the Greek market and in the markets of Serbia, Bulgaria and FYROM through its respective subsidiaries Alpha Real Estate D.O.O. BBEOGRAD, Alpha Immovables Bulgaria E.O.O.D, and Alpha Astika Akinita D.O.O.E.L. Skopje.
The main objective of Alpha Astika Akinita is to manage Alpha Bank’s real estate assets and to lease out properties. After the new Alpha Bank Group organisational chart was prepared, Alpha Astika Akinita began to expand its activities into the countries of Southeastern Europe where the Group has a presence.
Alpha Astika Akinita S.A. provides the entire range of propertyrelated and property management services. Thanks to its extensive experience and long history in the real estate sector, the Company can successfully provide a complete range of consultancy services concerning property valuations, development, utilisation and management. http://www.alpha.gr/page/default.asp?la=2&id=39
$ALBKY Greek Bank *Golden Cross*
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Too Bad no Buy options calls on $TVIX $DGAZ
Marijuana Stocks
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$UNQT: Union Equity Inc. Announces Current Status Update
Date : 04/15/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PN) (UNQT)
Union Equity Inc. Announces Current Status Update
INDIANAPOLIS, IN--(Marketwired - Apr 15, 2014) - Union Equity Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) and CEO JT Thornburg are pleased to announce new updates on acquiring current status. In accordance with the new rules and regulations handed down by the OTC, all forms and documents have been filed. All associated fees have been paid to all agencies accordingly. Corporate financials are currently in the process of being finalized. Upon completion, these will also be submitted to the OTC.
Union Equity Inc. is also pleased to announce that the short term goals and vision from the CEO remain unchanged. Mr. Thornburg and the board of directors are pleased with the recent happenings in becoming current, and look forward to finalizing this adventure. Mr. Thornburg states, "The recent events involving our company has shown me how far we have already come, and especially how far our company can go." He goes on to say, "With our board of directors, securities attorney, other personnel, and the backing of the shareholders, I feel like we can push Union Equity Inc. to the top."
Union Equity Inc. will make every attempt to provide informative press releases as information becomes available. Although news may not be available every week, Mr. Thornburg and the board of directors believe that it is important to keep the shareholders current in the recent happenings of the company. Mr. Thornburg would also like to remind the shareholders that he is always available to be contacted at his email address, jtthornburg@live.com.
Contact:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com
- Go UNQT
$DSCR: What If Cannabinoids in Cannabis Cured Cancer & Other Diseases?
$DSCR: ABC Landline - The Hemp Comeback - Textile Composite Industries D8/HD1 Hemp Decorticator
BMSPF put some in your basket
The potential is beyond pennystock breakout.
It could be a 10 figure market cap company!!
Do your DD on this unknown diamond.
http://www.biomassmagazine.com/articles/10897/biomass-power-louisiana-signs-engagement-letter-for-pellet-plant
1. Never mortgage your house to buy a penny stock or is that (Never trade with more than you can afford to lose)
or Don't have all your eggs in one basket.
or Never count your chickens before they hatch.
or Hindsight is 20 20. lol
JUST A SIDE NOTE:
When you buy SAFC, you also are buying SAFC's stake in Biomedix
Would not be shocked if they would buy them out..or the reason behind the short position
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GEFEN
THE BIOMEDIX LTD. DEAL FROM THE 10q
On November 26, 2012, the Company (SAFC) entered into a share exchange agreement with Biomedix Incubator, an Israeli company and a shareholder of Gefen Biomed Investments, a publicly traded Israeli company. The Company issued 1,082,851 shares to Biomedix Incubator and received in return
921,790 shares of Gefen Biomed Investments. The shares were valued at $194,913 which was the market price of the Company’s shares on the date of the exchange. The investment in Gefen is less than 4.9% of Gefen’s outstanding stock.
JERUSALEM, Jan. 6, 2013 /PRNewswire/ -- SafeCode Drug Technologies Corp.
(OTCBB: SAFC), a developer of a voice recognition drug administration safety application announced today that Israeli's Biomedix Ltd., (TASE: BMDX), a leading Medical Device/Biotech incubator has agreed to fund and purchase SAFC shares at 0.15 cents per share. Biomedix currently holds $200,000 USD worth of SafeCode Drug Technologies shares on its books.
Biomedix is an Israel-based, publicly-traded (TASE) Life Science focused Israeli Medical Device & Biotech companies) investment management company.
Key facts about Biomedix include:
Biomedix Group: Biomedix controls two of Israel's largest incubators: (ATI and Meytav), and a late-stage investment arm (SpearHead) Focus on very early stage projects as well as managing later stage/mature companies Attractive portfolio, high growth opportunities: OVER 50 PORTFOLIO COMPANIES ACROSS ALL CLINICAL & THERAPEUTIC FIELDS Proven track record of deals & collaborations with leading global partners Attractive deal flow pipeline
oMore information on Biomedix Ltd. can be found at http://www.biomedixincubator.com
Concurrently, SAFC has previously announced that the share Buyback Program, which was authorized by the Board Of Directors, will commence during the month of January 2013 and is expected to last approximately 1-3 months. The shares will be returned to the Treasury of the Company to be used for further issuances for future acquisitions of companies or technology applications in the medical industry. Funding for the acquisition of the shares will be subject to financing from third parties.
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Psi is making so much $$dinero$$ that he took a cruise around the world
AVEW Check it out! Another 62.5% today! OTC current and PRs to follow! Check out DD on AVEW site! Monster has been created!
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13874
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Created
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03/27/07
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Type
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Free
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Moderator Psionic Trader | |||
Assistants Xzibit |
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