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PHMB trying to make another move today.
PHMB is trying to move up again.
Stock scanners work great at times.
PHMB chart ;
What small cap investment ideas are on your watchlist at this point in time ?
Yes, I wonder if they are also part on the India ETF's such as EPI and PIN.
SAY halted . Satyam shares crash 77% after $1 billion overstatement
7:31a ET January 7, 2009 (MarketWatch)
HONG KONG (MarketWatch) -- Shares of Satyam Computer Services crashed 77% in Mumbai Wednesday, after the founder and chairman of India's fourth-largest software company resigned, saying the company had inflated its cash and bank balances on the balance sheet by more than $1 billion.
Chairman B. Ramalinga Raju said the balance sheet as of Sept. 30 had inflated non-existing cash and bank balances of 50.40 billion rupees ($1.04 billion), understated a liability of 12.3 billion rupees, and overstated debtors' position of 4.9 billion rupees.
In a letter to the board, made available to the stock exchange, Raju wrote that he was making the announcement "with deep regret, and tremendous burden that I am carrying on my conscience."
"The gap in the balance sheet has arisen purely on account of inflated profits over a period of last several years ... what started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years," he said.
"I am now prepared to subject myself to the laws of the land and face consequences thereof," Raju added.
A Satyam founding family member and managing director, B. Rama Raju, also resigned.
Shares of Satyam , a constituent of the 30-stock benchmark Sensex, ended down 77%, dragging down the Sensex by 7.3% to 9,586.88. Satyam's New York-listed American Depository Receipts plunged 75% to $2.38 in pre-market trade. See related story.
Both Ramalinga Raju and Rama Raju will "continue to serve in the position only till such time the current board is expanded and the continuance is just to ensure enhancement of the board over the next several days or as early as possible," Satyam separately informed the stock exchange.
The founders held 8.61% in Satyam as of Sept. 30.
Among other large Satyam shareholders, Aberdeen Asset Management held a 9.2% stake through various funds as of Oct. 10, while Fidelity Investments, the world's top fund manager, was the third-largest holder with a stake of over 4%, according to FactSet.
In particular, Fidelity's Diversified International Fund held 23 million shares as of Oct. 31.
Shock
Market participants as well as regulators expressed shock over the incident at one of India's best-known companies overseas. The incident also raised fears that India's largest corporate fraud to date will impact other companies and foreign investment. Read story about "India's Enron"
"It's a major blow to sentiment," said Gurunath Mudlapur, managing director at Atherstone Capital Market in Mumbai. "Market sentiment had just about started to improve after a long period of time, but with this development, the confidence is again getting shattered."
Chairman C.B. Bhave of the Securities and Exchange Board of India was quoted by local TV channels as describing Satyam's announcement as an event of "horrifying magnitude," according to a published report.
"Our main efforts are to make sure that whatever facts are available with any regulatory agency are [disclosed], and investors know the truth," Bhave told CNBC TV18 business news channel, Dow Jones Newswires reported.
In a statement issued separately in the afternoon, Ram Mynampati, Satyam's interim chief executive, also expressed shock. He added the company's immediate priorities were to protect the interest of shareholders and the company's 53,000 employees.
Rivals benefit
Of the other Sensex constituents, ICICI Bank tumbled 10.5%, market heavyweight Reliance Industries sank 12.5%, and Reliance Communications skidded 17%.
Shares of other software majors outperformed the broad market, however, with Tata Consultancy Services dropping 0.8% and Wipro rising 0.2%, while Infosys Technologies climbed 1.7%.
At their Mumbai closing price Wednesday, Satyam shares are down 82% from its closing price on Dec. 16, when it announced plans to acquire two infrastructure companies managed by the company's founders.
The company canceled the takeover plan within 24 hours after the shares tumbled, but the move hurt the company's credibility, built over the last 21 years since the company was founded in 1987.
Its image was hurt further last month, when the World Bank barred the company for eight years from bidding for contracts, alleging the software company had given "improper" benefits to its employees.
Good morning MOMO & board.
Private sector shed 693,000 jobs in December
Wednesday January 7, 2009, 8:45 am EST
NEW YORK (Reuters) - Private employers shed 693,000 jobs in December, up sharply from the revised 476,000 jobs lost in November and far more than economists estimated, a report by a private employment service said on Wednesday.
The median of estimates from 20 economists surveyed by Reuters for the ADP Employer Services report was for 473,000 private-sector jobs lost in December.
The report for December was the first month the data was issued using a new methodology, which ADP said was designed to more closely predict the outcome of the government's non-farm payrolls report.
The report is jointly developed with Macroeconomic Advisers LLC.
(Reporting by John Parry and Burton Frierson; Editing by Theodore d'Afflisio)
Associated Press
Stock futures dip after Alcoa cuts jobs, output
By MADLEN READ
Wall Street headed for a lower open Wednesday, sobered by aluminum producer Alcoa Inc.'s decision to slash jobs and production to navigate through the global downturn.
The announcement was a harsh reminder that the economy both domestically and abroad remains in rough shape. Alcoa said late Tuesday it is reducing its global work force by about 13,500, or 13 percent, by the end of the year and lowering total output by more than 18 percent annually.
The market's economic worries had been calmed a bit in recent days by President-elect Barack Obama's proposal to slash taxes and help businesses. The stimulus package could cost as much as $775 billion, though, and Obama said Tuesday the nation could face trillion-dollar deficits "for years to come."
Ahead of the market's open, Dow Jones industrial average futures fell 57 points, or 0.64 percent, to 8,893. Standard & Poor's 500 index futures fell 5.20 points, or 0.56 percent, to 925.30, and Nasdaq 100 index futures fell 5.75 points, or 0.45 percent, to 1,265.25.
On Tuesday, Wall Street overcame gloomy economic readings to finish with a moderate advance.
Government bond prices retreated in premarket trading Wednesday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.49 percent from 2.47 percent late Tuesday. The yield on the three-month T-bill, considered one of the safest investments, edged slightly lower to 0.13 percent from 0.14 percent.
The Treasury plans to auction a record $30 billion in three-year notes on Wednesday.
The dollar was mixed against other major currencies, while gold prices rose.
Crude oil prices slipped 27 cents to $48.21 a barrel in premarket electronic trading on the New York Mercantile Exchange.
In Asian trading, Japan's Nikkei stock average rose 1.74 percent, and Hong Kong's Hang Seng index fell 3.37 percent. In late morning trading in Europe, Britain's FTSE 100 fell 1.37 percent, Germany's DAX index fell 0.91 percent, and France's CAC-40 fell 0.20 percent.
Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
Market Edge quote of the day ;
Every young man would do well to remember that all successful business stands on the foundation of morality.
-Henry Ward Beecher
Good morning "Player".
Great morning !
That sounds quite splendid chap. Enjoy your holiday. :)
Locking it down now, goodnight to all.
No doubt about it.
Count me in, I'm always open to new and exciting ideas.
ABK baby! Those 1.12-1.15 shares still look solid.
Bankruptcy hearing on the 12th I believe. You can get additional information here, hope it helps.
http://investorshub.advfn.com/boards/board.aspx?board_id=14622
I believe that there is a significant event occuring by the end of the week as well.
Matt, has the staff ever considered "stock screener" capabilities for investorshub or is that too complex for what you are trying to accomplish here ? tia
Please do not get me wrong, current services is also fantastic "as is".
PHMB momentum should carry over into tomorrow.
OTCMarketEdge.com " the cutting edge of the market "
OTCMarketEdge.com's newsletter presents a range of stocks on trading on the Amex, Nasdaq, NYSE, OTC and OTCBB markets. Visit today and join our growing community or simply browse new and exciting undiscovered companies investment ideas. Sign Up for our Free Newsletters, Stock Alerts, Market Reports and more! http://www.otcmarketedge.com/inc/UserReg
We recently announced a trading alert on PHMB.PK when the stock closed at .0003. Friday, 12/26/08...
" Today ", PharmaCom BioVet PHMB traded as high as .0015 for a 400% gain !!!!
" CONGRATULATIONS " are certainly in order ALL of those who were able to take advantage of the buying opportunity that was created when PHMB.PK dropped to its 52 week low of .0002.
Currently, we feel that PHMB.PK may have more room to grow but more importantly, we feel that investors normally have a hard time going broke when they are taking profits so please be sure to use your best judgement within your trading strategy. We strongly suggest for all viewers to stay in tune with OTCMarketEdge.com , it's future trading alerts as well as investment ideas generated by OTCMarketEdge.com staff and some general buying opportunites that are typically created in the stock market..... Some other stocks on our watchlist are FCNR.OB, KWBT.OB and WAMUQ.PK.
About PharmaCom BioVet, Inc.
PharmaCom BioVet, Inc. (PHMB) is quickly positioning itself to become the leader in specialized veterinary oncology (cancer treatment facilities for animals). PHMB management is planning the rollout of specialized veterinary oncology treatment centers that will be strategically located throughout the United States. PHMB has licensed a series of proprietary devices and compounds that will enable animals suffering from cancer greater life expectancy and decreased suffering.
About OTC Market Edge
OTCMarketEdge.com is an online financial destination where various penny stock analysts, and individual investors can converge to discover new and exciting investment opportunities, financial news, and trading ideas. OTCMarketEdge.com is focused on finding emerging growth companies that do not necessarily have intense analyst coverage on Wall Street.
Safe Harbor Statement
Some of the information contained on this in this press release contains "forward-looking statements." Forwardlooking statements use terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other comparable terminology. These statements are only predictions. Current and future actual events or results may differ materially as a result of the risks the being incorporated or the actual results differing from the assumptions underlying such statements. These forward-looking statements are made only as of the date hereof, and the company has no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in the company's annual, quarterly and special reports, proxy statements and other public filings with the Securities and Exchange Commission.
Stock profiles and newsletters are intended to be stock ideas and not recommendations. Please do your own research before investing. It is critical that you at least look at current SEC filings and read the latest press releases. Information disseminated is typically taken from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of advertisements, updates, newsletters, like any other form of advertising, is to provide marketing awareness for the company. As in any form of advertising and marketing agreement there is usually a negotiated compensation fee involved either via the company or via third party which can always be read on our company disclosure/disclaimer (see below) . In the case of PHMB.PK , Market Edge Consultants LLC expects to receive at least $2,000 cash for minimal company profiling from JTV Consulting. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. We also hold positions in stocks mentioned above through open market purchase.
Complete Disclosure & Disclaimer http://www.otcmarketedge.com/disclaimer_disclosure
IF YOU CHOOSE NOT TO RECEIVE NEWSLETTER UPDATES PLEASE UNSUBSCRIBE BELOW
PHMB momentum should carry over into tomorrow.
OTCMarketEdge.com " the cutting edge of the market "
OTCMarketEdge.com's newsletter presents a range of stocks on trading on the Amex, Nasdaq, NYSE, OTC and OTCBB markets. Visit today and join our growing community or simply browse new and exciting undiscovered companies investment ideas. Sign Up for our Free Newsletters, Stock Alerts, Market Reports and more! http://www.otcmarketedge.com/inc/UserReg
We recently announced a trading alert on PHMB.PK when the stock closed at .0003. Friday, 12/26/08...
" Today ", PharmaCom BioVet PHMB traded as high as .0015 for a 400% gain !!!!
" CONGRATULATIONS " are certainly in order ALL of those who were able to take advantage of the buying opportunity that was created when PHMB.PK dropped to its 52 week low of .0002.
Currently, we feel that PHMB.PK may have more room to grow but more importantly, we feel that investors normally have a hard time going broke when they are taking profits so please be sure to use your best judgement within your trading strategy. We strongly suggest for all viewers to stay in tune with OTCMarketEdge.com , it's future trading alerts as well as investment ideas generated by OTCMarketEdge.com staff and some general buying opportunites that are typically created in the stock market..... Some other stocks on our watchlist are FCNR.OB, KWBT.OB and WAMUQ.PK.
About PharmaCom BioVet, Inc.
PharmaCom BioVet, Inc. (PHMB) is quickly positioning itself to become the leader in specialized veterinary oncology (cancer treatment facilities for animals). PHMB management is planning the rollout of specialized veterinary oncology treatment centers that will be strategically located throughout the United States. PHMB has licensed a series of proprietary devices and compounds that will enable animals suffering from cancer greater life expectancy and decreased suffering.
About OTC Market Edge
OTCMarketEdge.com is an online financial destination where various penny stock analysts, and individual investors can converge to discover new and exciting investment opportunities, financial news, and trading ideas. OTCMarketEdge.com is focused on finding emerging growth companies that do not necessarily have intense analyst coverage on Wall Street.
Safe Harbor Statement
Some of the information contained on this in this press release contains "forward-looking statements." Forwardlooking statements use terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other comparable terminology. These statements are only predictions. Current and future actual events or results may differ materially as a result of the risks the being incorporated or the actual results differing from the assumptions underlying such statements. These forward-looking statements are made only as of the date hereof, and the company has no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in the company's annual, quarterly and special reports, proxy statements and other public filings with the Securities and Exchange Commission.
Stock profiles and newsletters are intended to be stock ideas and not recommendations. Please do your own research before investing. It is critical that you at least look at current SEC filings and read the latest press releases. Information disseminated is typically taken from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of advertisements, updates, newsletters, like any other form of advertising, is to provide marketing awareness for the company. As in any form of advertising and marketing agreement there is usually a negotiated compensation fee involved either via the company or via third party which can always be read on our company disclosure/disclaimer (see below) . In the case of PHMB.PK , Market Edge Consultants LLC expects to receive at least $2,000 cash for minimal company profiling from JTV Consulting. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. We also hold positions in stocks mentioned above through open market purchase.
Complete Disclosure & Disclaimer http://www.otcmarketedge.com/disclaimer_disclosure
IF YOU CHOOSE NOT TO RECEIVE NEWSLETTER UPDATES PLEASE UNSUBSCRIBE BELOW
A very PRODUCTIVE day as well. It should easily carry over into tomorrow, congrats to all of us.
Congrats to all of us on a SOLID day today !
ESLR should be headed to the $4 range very soon.
Yep, 10,000 shares printed .0015 @ 12:57:30
300% would be from .0003 to .0012, which of course happened today :)
Now only 2 left @ .001
PHMB +.0003 +42.86% chart ;
PHMB +.0003 +42.86% chart ;
PHMB L2 :
Current PHMB L2 :
*Compensated awareness view disclaimer
PHMB trying to break .001 + .0003 so far
PHMB trying to break .001 + .0003 so far
Break of .001 is VERY close now !
PHMB 2 x 4 .0008 x .0009
PHMB volume coming now.
I wonder if anyone is short on PHMB shares. They should be updating a new tally on pinksheets.com very soon .
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=phmb