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Ya, it got taken down to the next support level at .04, had one hit at .04 today..probably do it again tomorrow. Might be going lower then that too..we'll see.
CUI.vn hit .06 support zone...wondering if it will go lower or bounce from here.
TBM.v dumped hard to .10 now on the rebound, just hit .12
TBM.v hit new lod of .105 so far..nice dump!
TBM.v down large on good news...might be a good buy point here at .12
BNR.V is just opening on a 1:4 rollback of NMB.v . It seems that NMB.v had closed at .255 post split. So shouldn't the new opening price be about $1.02? I'm confused.
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Normabec Mining 1:4 rollback, name change
2009-11-17 16:28 ET - Change Name, Roll Back Shares
Also New Listing (C-BNR) Brionor Resources Inc
Pursuant to a special resolution passed by shareholders on Nov. 6, 2009, Normabec Mining Resources Inc. has indirectly consolidated its capital on a 1:4 basis. The name of the company has also been changed from Normabec Mining Resources Ltd. to Brionor Resources Inc.
Effective at the opening of business on Wednesday, Nov. 18, 2009, the common shares of Brionor will commence trading on the TSX Venture Exchange, and the common shares of Normabec will be delisted.
Postarrangement
Capitalization: unlimited number of common shares with no par value of which 21,365,607 common shares will be issued and outstanding
Escrow: N/A
Transfer agent: Computershare Investor Services Inc. -- Montreal and Toronto
New symbol: BNR
New Cusip No.: 10971M 10 5
CGS.v...dropped this a.m to new low of .04..now hit nhod at .08, my my!
CGS.v taken down to almost 52 low, so far hit 0.055 when was cgs.to..so far anyway, if they file soon, this will bust out!...they have to nov 30th to file plan, see news.
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CanWest Global given to Nov. 30 to file plan
2009-11-05 18:58 ET - News Release
Mr. John Douglas reports
CANWEST AGREES WITH AD HOC COMMITTEE OF 8% SENIOR SUBORDINATED NOTEHOLDERS TO EXTEND DEADLINE FOR FILING A RECAPITALIZATION PLAN
CanWest Global Communications Corp. and certain of its subsidiaries have agreed with members of the ad hoc committee of 8 per cent senior subordinated noteholders of CanWest Media Inc. to extend until Nov. 30, 2009, the date by which the company must file a consensual recapitalization plan with the Ontario Superior Court of Justice. The previously announced support agreement between CanWest and certain of its subsidiaries and the ad hoc committee originally contemplated the filing with the court no later than Nov. 5, 2009.
The extension provides CanWest with additional time to develop, in consultation with the members of the ad hoc committee, a comprehensive plan for an orderly and structured recapitalization for the benefit of all stakeholders.
More information about CanWest's restructuring can be found at its website.
CGS.v is the new ticker as it was delisted from the TSX and ticker was same, CGS.to. It looks as if CGS.V is up, but it is acutally not as it is now trading at .085 as i type, but CGS.to closed at .235
WNX.to tank job on news..but has h1n1 info, which if has news on it, could possibly make it bust a bounce.
Warnex loses $782,797 in third quarter
2009-11-13 11:43 ET - News Release
Mr. Mark Busgang reports
WARNEX REPORTS THIRD QUARTER 2009 RESULTS
Warnex Inc. released today financial results for the third quarter ended Sept. 30, 2009.
"Our year-to-date revenues of $17.6-million are slightly below last year due to reduced volume in our bioanalytical division. We have had an unprecedented number of cancellations and postponements of bioanalytical projects in the third quarter, which are a testament to the economic and industry conditions experienced during the summer months. The industry seems to be returning to more normal levels for the last quarter and our business development efforts are ongoing to increase our business from new and existing customers," said Mark Busgang, president and chief executive officer of Warnex. "In addition, we are preparing for the potential outbreak of the pandemic influenza A H1N1 virus. Our test, which provides rapid turnaround times, can assist health care professionals in diagnosing their patients faster. We are also pleased to collaborate with Biron to offer this testing service to industrial companies, allowing them to rapidly take appropriate action to limit the spread of infection in their work force."
Financial results
Consolidated revenue for the three-month period ended Sept. 30, 2009, amounted to $4.7-million compared with $6.7-million during the same period a year ago, a decrease of 30 per cent. For the nine-month period ended Sept. 30, 2009, revenue reached $17.6-million from $18.7-million for the same period in 2008.
Net loss for the quarter amounted to $800,000 or one cent per share compared with net earnings of $500,000 or one cent per share for the same quarter in 2008. For the nine-month period ended Sept. 30, 2009, net loss totalled $26,700 or nil per share compared with net earnings of $1.7-million, or three cents per share in 2008, which included a gain on extinguishment of debt of $1.8-million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter amounted to negative $400,000 versus $1.4-million for the same quarter last year. For the nine-month period ended Sept. 30, 2009, EBITDA amounted to $1.5-million compared with $2.1-million in 2008.
Gross margins for the three-month period ended Sept. 30, 2009, amounted to $400,000 or 9 per cent of sales compared with $2.3-million or 35 per cent of sales for the same quarter last year. The decrease of $1.9-million in gross margin is mainly explained by the lower revenue in the bioanalytical division compared with the same quarter last year. Gross margin for the nine-month period ended Sept. 30, 2009, amounted to $4.5-million or 26 per cent of sales compared with $5.2-million or 28 per cent of sales in 2008, a decrease of $700,000.
Selling and administrative expenses amounted to $1.3-million for the three-month period ended Sept. 30, 2009, compared with $1.2-million last year. The increase of $100,000 is mainly explained by a loss on foreign exchange due to the strength of the Canadian dollar compared with the U.S. dollar, the cost of options and an increased investment in business development. In proportion of revenue, administrative and selling expenses were higher than last year at 28 per cent in 2009 (2008 -- 18 per cent). For the nine-month period ended Sept. 30, 2009, selling and administrative expenses amounted to $4.3-million compared with $4-million for the same period in 2008.
Financial expenses for the quarter were similar to last year at $300,000. For the nine-month period ended Sept. 30, 2009, financial expenses amounted to $900,000 (2008 -- $1-million).
INTERIM CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
For the three months For the nine months
ended Sept. 30, ended Sept. 30,
2009 2008 2009 2008
Revenue $4,656,405 $6,669,833 $17,635,534 $18,669,822
Cost of goods
sold 4,257,685 4,352,157 13,126,804 13,429,038
----------- ----------- ------------ ------------
Gross margin 398,720 2,317,676 4,508,730 5,240,784
=========== =========== ============ ============
Operating expenses
Selling, general
and administrative 1,323,933 1,221,500 4,286,844 4,044,939
Finance charges 278,259 280,863 902,284 960,629
Research and
development tax
credits (51,222) - (51,222) -
----------- ----------- ------------ ------------
1,550,970 1,502,363 5,137,906 5,005,568
=========== =========== ============ ============
Earnings (loss)
before undernoted
items and income
taxes (1,152,250) 815,313 (629,176) 235,216
=========== =========== ============ ============
Unrealized foreign
exchange gain (loss)
on debentures 369,453 (303,703) 602,476 (303,703)
Gain on
extinguishment
of debt - - - 1,814,192
----------- ----------- ------------ ------------
369,453 (303,703) 602,476 1,510,489
=========== =========== ============ ============
Earnings (loss)
before income
taxes (782,797) 511,610 (26,700) 1,745,705
=========== =========== ============ ============
Income taxes
recovered (225,000) - - -
Recovery of income
taxes due to usage
of prior-year losses 225,000 - - -
----------- ----------- ------------ ------------
- - - -
=========== =========== ============ ============
Net earnings
(loss) and
comprehensive
income $(782,797) $511,610 $(26,700) $1,745,705
=========== =========== ============ ============
Basic net earnings
(loss) per share $(0.01) $0.01 $0.00 $0.03
=========== =========== ============ ============
Fully diluted net
earnings (loss)
per share $(0.01) $0.01 $0.00 $0.03
We seek Safe Harbor.
CD.vn, AAE.vn, WZR.v all down large on news
RG.v down more today, hit a support zone at .17
SCG.v someone is buying alot of shares at .08
Had this news late a.m today:
Selectcore earns $594,445 in Q3 2009
2009-10-28 11:20 ET - News Release
Mr. Peter Burdon reports
SELECTCORE CONTINUES TO ACHIEVE RECORD REVENUES AND EARNINGS
SelectCore Ltd. has released its financial results for the third quarter ended Sept. 30, 2009.
Financial highlights
* Revenues increased 17% to $23.1 million over the same period 2008;
* Gross Profit increased 34% over the same period 2008;
* Margins improved 15% over the same period 2008;
* Overhead reduced by 13% over the same period 2008;
* Net Earnings improved $1.1 million over the same period 2008;
* Improved working capital position by $900,000 over the last 3 quarters;
* Fifth consecutive quarter of positive financial results
Record revenues of $23.1-million for the third quarter 2009 represented an increase of 17 per cent, as compared with $19.8-million in the same period 2008. This organic growth was attributable to the strong market demand for the company's proprietary point of sale activation (POSA) solution and prepaid products and services.
Gross profit of $1.4-million for the third quarter 2009 represented an increase of 34 per cent over the same period 2008. The improvement is due to higher sales volumes combined with increased margins.
Reflecting our continued emphasis on controlling costs and the past year's restructuring actions, SG&A expenses were $913,000 for the third quarter 2009, a 13-per-cent decrease over the same period 2008.
Net income for the third quarter 2009 was $594,445, or 0.6 cent per share, an increase in excess of $1.1-million over the same period 2008.
"We continue to deliver shareholder value with improved financial results quarter over quarter," commented Keith McKenzie, chief executive officer, of SelectCore. "We believe that the company is now in a good position to accelerate our growth strategy of launching new, high margin offerings for the prepaid financial services market."
The company's financial statements and management discussion and analysis for the three months ending Sept. 30, 2009, are available on SEDAR.
AUX.v, yes me too, got some at .065 and some at .07 also..they had this news several days ago
Auramex Resource closes 5.5-million-unit financing
2009-10-21 19:51 ET - News Release
Mr. Wayne Crocker reports
COMPANY CLOSES FLOW-THROUGH PRIVATE PLACEMENT WITH THE MINERALFIELDS GROUP
Auramex Resource Corp. has issued a total of 5.5 million units at 9.5 cents per unit, pursuant to the closing of a flow-through private placement originally announced in Stockwatch on Sept. 18, 2009, with the MineralFields Group as the majority placee. Each unit consists of one flow-through common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share for a period of two years from the date of issue, at a price of 15 cents per share in the first year and 20 cents per share in the second year. In connection with the placement, the company also issued 259,210 non-flow-through units and non-flow-through finder's fee options entitling the holder to purchase, at the price of 9.5 cents per unit, 518,421 non-flow-through units. Each of the units to be received by the finder initially and upon due exercise of the finder's fee options will comprise one non-flow-through common share and one warrant, with each warrant having the same terms and conditions as the warrants in the private placement. The common shares, warrants and options issued under and in connection with the placement, and any shares issued pursuant to the exercise of the warrants and options, are subject to a four-month hold period under applicable securities laws and imposed by the TSX Venture Exchange, expiring Feb. 22, 2010.
Company president Wayne Crocker said: "We are very pleased to be entering into this relationship with MineralFields Group. This is an important milestone in the growth of Auramex Resource Corp. and we look forward to working with MineralFields Group as we develop our holdings in the Stewart camp."
About MineralFields, Pathway and First Canadian Securities
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged superflow-through limited partnerships to investors throughout Canada, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at its website. First Canadian Securities is active in leading resource financings (both flow-through and hard-dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining companies, and oil and gas exploration companies, to date, through First Canadian Securities.
Lol, yes, ur perceptions of whats going on with DEC sound right, and it had such a great run, of course any news like that would take it down hard, but it doesn't sound that bad too me, i would expect a nice bounce up eventually imo
MTB.v inching back up!
DEC.v how bad is that news?
NRI.to had taken a nose dive for some reason, i caught .15 and sold at .25 when the very short freeze was lifted, but nice bounce to .34. I believe FDA news of possible approval is coming out nov 4th, someone told me..now perhaps fda not approved and news leaked
Ok, thanks Howe for the info....yup DEC hanging low, i did buy, hopefully there will be a pm bounce here.
MTB.v and AUX.v down large, no idea why, can't find any news.
Lots down!! UNE.v, IIE.V, CAJ.v, CAN.v, ARH.v, soo many more cheapies!!
Nice alert!
lol, yes, i thought by 'pm' u were talking about something to do with a broker, sorry didn't understand your reply.
PM?..sorry, which broker lets u short pennies?
Well TDW commsions aren't bad, i pay $7, its just the constant glitches in the program, particularly on the things that i use, like the alerts triggered feature, of which they only let u put max. 25 alerts..not near enough. And some other problems.
I also have a questrade acct that i use only for the restricted stocks (pinks/bb) that TDW now restricts, i hate that they started doing that late last year.
I might look into Scotia though, thanks
I also use equityfeed as my scanning program, for now they only have the U.S markets on them, but they said that CAD markets coming soon.
Which CAD broker lets u short pinks?
Yes, they are miserable, and they make sure to make their clients miserable too! :)
TDW online brokers suck big time, specifically their Active Trader platform.! I have been dealing with the same issues about my alerts not working for almost a year now and they don't bother to try to fix the problem. I keep calling them about this problem and all we do is keep going on circles and i have to repeat it over and over again. Then to add insult to injury they don't even want to compensate me for my troubles. I rely heavliy on my alerts to go off to notify me of a potential trade opportunity and yet they didn't give a crap..at all. THis is not the first time of technical issues that took forever to fix. They kept showing the wrong LOD on the stock boxes as well as antoher glitch where the mm quotes were often wrong. Seems i am always the first to report the problems and they never believe me at first, and have blamed my pc for the issues..then they find out months later it was actually glitches int their system.
I hate them and they don't deserver our business.
Anyone know of a good CAD broker with a fast trading platform with cheap commisions?
TGX.v just hit .13, could be pretty next week, nice consolidation over last week
TGX.v seems to have found support, so far last couple weeks .105 was low, has been inching and holding higher base for several days now, chart looking nicer, should hit .13 and then if breaks, .15 is next
TY :), EZ.v beauty chart, watching to see if it breaks this .115 res, next res is .155 and .16
its been getting jiggy last few days
OX.V did have a nice bounce, took off and hit .18 from its support zone.
OX.V did have a nice bounce, took off and hit .18 from its support zone.
FO.V very nice off yesterdays double bottom of .16 and today so farjust tapped .24 res.
no i didn't about that, but yes, seems to have tons of shares, but i guess if they ever have good news, it can move..just hope it doesnt keep tanking forever...could be good for next year move thoguh.
FO.V--So how bad is that news today, closed at the yearly low of .16. The company is not dead, so this could be a nice play at some point when some decent news comes in. Not sure if it will go lower, but good to keep eye on for a bottom then a future move up.
Falcon's partner recommends Foldeak-1 work stoppage
2009-10-08 10:16 ET - News Release
Mr. Marc Bruner reports
EXXONMOBIL GIVES NOTICE TO DISCONTINUE TESTING OF FOLDEAK-1 WELL
ExxonMobil Corporation affiliate ExxonMobil Hungary (Mako) Limited, Falcon Oil & Gas Ltd.'s partner in the joint production and development project located in the Mako trough in Hungary, has notified the company of its recommendation to cease operations at the Foldeak-1 well site after testing a portion of the Szolnok formation. ExxonMobil, MOL and Falcon are discussing next steps regarding such operations.
ExxonMobil has completed two fracture stimulation tests at 4,358 and 4,200 metres. The Szolnok formation is approximately 1,200 metres thick in the Foldeak-1 well, and has a base depth of 4,394 metres.
The lower fracture stimulation at 4,358 metres was completed successfully yielding average gas flow rates of approximately 200,000 standard cubic feet (6,000 cubic metres) per day and average water flow rates of approximately 15 to 370 barrels (2.5 to 60 cubic metres) per day over a 10-day period.
The upper fracture stimulation at 4,200 metres was completed successfully yielding average gas flow rates of approximately 50,000 standard cubic feet (1,415 cubic metres) per day and average water flow rates of approximately 1,200 to 3,100 barrels (200 to 500 cubic metres) per day over a 46-hour period (the well is flowing as of the date of this press release).
For both fracture stimulation tests, the water flowed back was very fresh, less than 5,000 parts per million (ppm) of total dissolved solids. ExxonMobil also reported the presence of CO2 and H2S at levels of up to 16 per cent and up to 400 ppm, respectively, for both fracture stimulation tests.
The very high water flow rates and calculated test permeability experienced in the Foldeak-1 well leads Falcon to be believe that the fracture stimulation connected to a fresh water filled natural fracture system. It is possible that the matrix Szolnok formation remains largely untested due to preferential flow from the natural fractures.
Falcon interprets the intervals above the tested section to be a separate reservoir and a potential sweet spot within the Szolnok formation. Core data indicate that the permeability of these prospective intervals is considerably higher than permeability measured below. Additionally, net to gross reservoir quality sand is also much higher and logs indicate that the gas saturation may increase upward through the Szolnok formation. Pressure in these prospective intervals of the Szolnok formation is interpreted to be considerably lower than the pressures encountered deeper.
Falcon is currently evaluating the remainder of the Szolnok formation to determine if it is possible to move away from this potential natural fracture system. Pursuant to the $50-million initial work program requirement as defined by the parties' agreement to test the Szolnok formation, Falcon has recommended additional fracture stimulations at 3,942 and 3,906 metres. The company believes that the remaining capital within the initial work program budget is sufficient to complete this testing.
"The bottom line is that we are disappointed in test results to date," stated Marc A. Bruner, chief executive officer and president of Falcon. "However, the Mako trough is an enormous geography with numerous potential zones and formations which remain untested. It's our opinion that the tests to date do not represent a complete evaluation of the hydrocarbon potential of the Szolnok formation or the Mako trough over all. We believe that it may be prudent to complete additional testing in the Foldeak-1 well to fully understand the true potential of this resource."
We seek Safe Harbor.
SSTAW-Thanks for your pm ( i cant pm) i thought so, just don't know how quickly they will be worthless.
STTAW_Does this news not mean that these warrants will be worthless very soon?
Stone Tan China Acquisition Corp. Cancels Special Meetings of Stockholders and Warrant Holders
2009-10-07 11:41 ET - News Release
Trust Account to be Liquidated
NEW YORK -- (Business Wire)
Stone Tan China Acquisition Corp. (“Stone Tan” or the “Company”) (OTCBB: STTA), announced today that it is cancelling the special meetings of stockholders and warrant holders originally scheduled to be held on October 14, 2009 and will commence the process of liquidating the trust account. The Company has determined that the procedural steps within the PRC required to consummate the initial closing cannot be completed by October 15, 2009, the date on which Stone Tan’s corporate existence ceases in accordance with the terms of its certificate of incorporation.
Roger Stone, Chairman of Stone Tan, stated “We believe the proposed investment in the emerging non-bank financial services industry in China represented a unique opportunity for Stone Tan’s stockholders and regret that we will not be able to consummate the transaction prior to the SPAC’s expiration date. We appreciate the efforts of all involved in our pursuit of this opportunity.”
The Company intends to deliver a termination letter to Continental Stock Transfer & Trust Company (“Continental”), the trustee of its trust account, to inform Continental that it will not complete a business combination within the required time frame and instruct Continental to commence liquidation of the trust account as promptly as practicable.
Continental will also be appointed as Stone Tan’s paying agent, and in such capacity will be instructed to distribute the proceeds as promptly after October 15, 2009 as practicable to the stockholders of record on such date who hold shares issued in the Company’s initial public offering (“IPO shares”). Upon the payment of all the funds in the trust account, the investment management trust agreement shall terminate in accordance with the terms thereof and the trust account shall be closed.
As of October 5, 2009, there was approximately $264 million or approximately $7.98 per IPO share being held in the trust account. Management believes that there may be additional funds received from the refund of Federal and state taxes, and such additional funds, if any, net of associated costs, will be distributed to stockholders entitled to receive proceeds of the trust account as of the record date, when such funds are determined not to be subject to future audit.
About Stone Tan China Acquisition Corp.
Stone Tan is a public blank check company organized as a corporation under the laws of the State of Delaware on January 24, 2007 to effect a business combination with an unidentified operating business in the PRC. In October 2007, it received net proceeds of approximately $260 million from a private placement and an initial public offering of its securities, substantially all of which was deposited in the trust account. Other than such offerings and the pursuit of a business combination, Stone Tan has not engaged in any business to date. There are currently 32,970,300 IPO shares outstanding and entitled to participate in the liquidation of the trust account. The are currently 39,170,300 warrants outstanding that will expire upon such liquidation.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Stone Tan’s actual results may differ from its expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.
Contacts:
Stone Tan China Acquisition Corp.
Mr. James Huang, 858-531-1591
Source: Stone Tan China Acquisition Corp.
FRNTQ inching back up hit .06 on the news at 3:30pm ish
FRNTQ news just out on net losses, huge tank here..but i think just panic, supposed to emerge from bankruptsy Oct 1st, so this could be a great buy opportunity!! .06's available