Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$SAPX - The current crisis leaves us golden opportunities not to be missed. Is my humble opinion.
More than one investor can retire with this shares.
MFGLQ or WAMUQ? Survey.
$SAPX - Remembering Important News 2:
Seven Arts Pictures Announces Acquisition of Independent Music Label
08-24-2011
Seven Arts Pictures PLC (NASDAQ: SAPX) ("Seven Arts") today announced it has executed an agreement for the acquisition of all of the capital stock of Big Jake Music ("BJM"), a newly formed record and multi-media entertainment company, for $5,000,000 of convertible preferred stock, convertible into common stock at a premium to the market price at closing (24 August closing in 0,73), and which is not subject to conversion for agreed periods of time.
Seven Arts expects that BJM will also release sound tracks of Seven Arts films, commencing with the soundtrack albums for Night of the Demons (a film released in October of last year) and Pool Boys (expected to be released in September, 2011).
The music label acquisition has been approved by the Board of Directors of both Seven Arts and BJM. Completion of the acquisition is subject to customary conditions in transactions of this type, including due diligence review by Seven Arts' auditors of the assets and balance sheet of BJM. The parties expect the acquisition of BJM will be completed on or before September 30, 2011.
"Big Jake Music will be an exciting acquisition for Seven Arts Entertainment," said Peter Hoffman, CEO of Seven Arts. "In addition to the music label's artists, there are numerous cross marketing opportunities with our films, including the promotion and release of movie soundtracks, music video production, distribution and red carpet events."
Big Jake Music currently owns $5,000,000 in net value of media credits from News USA, a national media, marketing and publicity firm. Seven Arts expects to be using these media credits to promote its motion pictures/soundtrack albums and releases of Big Jake Music with a strategic combination of traditional print, radio, internet, and social media outlets. Seven Arts expects to distribute its music recordings and motion picture soundtracks principally through online, widely available digital transmission platforms, including iTunes, Amazon, Rhapsody, Napster, Nokia, Livewire and Spotify.
About Seven Arts: Seven Arts Pictures PLC was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
About Big Jake Music: Big Jake Music is a newly-formed independent music label and entertainment company whose strategy is to acquire and own the right to distribute sound recordings and musical compositions of music artists and of albums and singles derived from motion picture soundtracks.
Cautionary Information Regarding Forward-Looking Statements: Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.
Contact:
Seven Arts Pictures PLC US contact:
Peter Hoffman
+1323-372-3080
phoffman@7artspictures.com
Or
Seven Arts Pictures plc UK contact:
Kate Hoffman
+44-203-006-8223
khoffman@7artspictures.com
Big Jake Music Inc.
Jake Shapiro
+1 203-644-6996
jakes@bigjakemusic.com
$SAPX - Remembering Important News:
Seven Arts Pictures PLC Signs Production Agreement With Prodigy Pictures, Inc. to Finance $60 Million Budget for Neuromancer
Seven Arts Pictures PLC (NASDAQ: SAPX) ("Seven Arts" or the "Company") today announced an agreement with Prodigy Pictures, Inc. ("Prodigy") to jointly produce and distribute the highly-anticipated motion picture "Neuromancer," based on the best-selling science fiction novel by William Gibson.
Prodigy hopes to arrange substantial financing for the film, which is expected to have a production budget of approximately $60 million. Prodigy's Founder and CEO, Jay Firestone, will be the lead producer on "Neuromancer," and will supervise all elements of production for the film.
"Jay Firestone has a long and well regarded reputation in the industry," said Peter Hoffman, CEO of Seven Arts. "I firmly believe that Jay's savvy and expansive relationships will lead to strong investment, and a sharp production."
Published in 1984, "Neuromancer" was the first winner of the science fiction "triple crown," receiving the prestigious Nebula Award, Philip K. Dick Award and the Hugo Award. "Neuromancer" was also listed on Time magazine's list of 100 best English-language novels written since 1923. By 2007, William Gibson's archetypal cyberpunk novel had sold more than 6.5 million copies worldwide.
The film adaptation of Gibson's novel will be written and directed by Vincenzo Natali, whose directorial credits include the 2009 science fiction horror film, "Splice" and the 1997 psychological thriller, "Cube."
"Having Vincenzo on board has been exhilarating for us," said Jay Firestone, founder of Prodigy Pictures. "His distinctive vision has added a striking new dimension to William Gibson's already thought-provoking story."
Principal photography on the film is expected to begin in the first quarter of 2012.
About Seven Arts:
Seven Arts Pictures PLC was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television.
About Prodigy Pictures:
Prodigy Pictures Inc. was founded in 2006, by Jay Firestone, as a Canadian independent television and motion picture production company engaged in the development, financing, production and licensing of television and motion pictures. Prodigy is currently in production with the second season of his record breaking TV series Lost Girl and with season one of the series X111 which is a follow up to his mini series X111: The Conspiracy. Mr. Firestone's previous companies include Fireworks which he sold to CanWest Global Communications.
Cautionary Information Regarding Forward-Looking Statements:
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from the anticipated.
Seven Arts Pictures PLC US contact:
Peter Hoffman
+1-323-372-3080
phoffman@7artspictures.com
Or
Seven Arts Pictures plc UK contact:
Kate Hoffman
+44-203-006-8223
khoffman@7artspictures.com
Prodigy Pictures Inc. Contact
Natalie Apostol
+14163188078
Natalie@prodigypictures.com
$ABKFQ or $PPMIQ? Survey
Reasonable grounds please!
Habanero Resources Inc.: Samples Up to 2,060 ppm Zinc and 1,075 ppm Copper at Lezai Prospect in Quebec
VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/16/12)- Habanero Resources Inc. ("Habanero" or the "Company") (TSX-V: HAO.V - News)(Pinksheets: HBNRF.PK - News)(Frankfurt: HRJ.F - News) wishes to announce that it has been notified that initial sampling results have been received on the 100 percent owned Lezai Multi-Element Prospect in Quebec. Samples returned anomalous zinc (Zn) grades of up to 2,060 parts-per-million (ppm) and copper (Cu) levels of 1,075 ppm. The multi-element Lezai Prospect comprises of approximately 55,100 contiguous acres, which are located approximately 125 kilometres northwest of Chibougamau, Quebec.
According to Kristopher J. Raffle, P.Geo (BC) Senior Geologist for APEX Geoscience Ltd. "Habanero has received analytical results for all 100 reconnaissance rock grab samples collected within the Lezai Prospect during fall 2011. Rock grab samples collected from Target 5 (North), located approximately 10 kilometres northeast Beaufield Resources Inc.'s, Tortigny Copper-Zinc-Silver deposit, returned assays of 2060 ppm Zn, 735 ppm Cu and 0.8 ppm Silver (Ag) from outcrop (sample 11CBP048). Target 5 (South) is located approximately 3 kilometres northeast of the Tortigny deposit. Rock grab samples of pyrite (+/-chalcopyrite) mineralized basalt boulders at Target 5 (South) collected intermittently over a 1 kilometre northeast trending zone returned anomalous values including: 848 ppm Zn and 276 ppm Cu (sample 11ERP188); 583 ppm Zn and 370 ppm Barium (sample 11CBP050); and 224 ppm Cu, 0.8 ppm Ag, 24 parts-per-billion (ppb) gold (Au) and 13 ppm Arsenic (sample 11ERP180). In addition, sampling of quartz veined, pyrite (+/-chalcopyrite) mineralized basalt rocks in outcrop at Target 2, located approximately 5 kilometres to the east of the Lessard Zinc-Copper-Gold deposit, returned assays of 1075 ppm Cu (sample 11ERP178); and 1020 ppm Zn (sample 11ERP177).
The Lezai Prospect occurs within the Frotet-Evans greenstone belt (Frotet-Troilus volcanic-sedimentary belt). The belt is host to a number of significant Cu-Zn-Au-Ag massive sulphide occurrences including the Tortigny, Lessard, Baie Moleon, De Maures (SOQUEM) deposits, which lie along a 25 kilometre northwest-southeast trend on the southern limb of the Frotet anticline. The fall 2011 sampling program at the Lezai Prospect has returned a number of copper, zinc, silver and gold plus massive sulphide pathfinder element anomalies. The anomalies, while preliminary in nature, underscore the potential of the Lezai Prospect to host volcanic associated copper-zinc-silver-gold massive sulphide mineralization."
Jason Gigliotti, President of Habanero stated, "We are pleased with the initial base metal grades returned. Based on these initial grades we are now in the process of planning a much larger scale work program for 2012 to further investigate these occurrences, with the intention to drill once we finalize the highest priority drill targets."
Recently Habanero also increased its land position by approximately 11,000 acres on its 100% owned "Grande-Vallee North" Aluminous Clay Prospect. (announced November 24, 2011) Habanero now has approximately 6,700 contiguous hectares (approximately 16,500 acres). This prospect directly borders to the north Orbite Aluminae Inc.'s (TSX: ORT.TO - News) 6,441-hectare Grande-Vallee property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, Quebec. According to Orbite's website, "A NI 43-101 compliant technical report on the disclosure of information relating to mineral projects in Canada indicates that the clay deposit at the Grande-Vallee property contains, conservatively estimating a density of 2 tonnes per cubic metre, 800 million to 1 billion tonnes of "indicated mineral resources" in the first 100 metres depth of the Marin sector alone. The property is strategically located near several deepwater ports and across the St. Lawrence River from the province's major aluminum smelters." At this time samples have been submitted and results from this initial phase are pending.
Habanero is a diversified junior company with the following prospects; the White Gold Prospect in the White Gold Region Yukon, bordering Kinross' Golden Saddle discovery; the Haldane Silver Prospect in the Keno Hill Silver Region of the Yukon bordering Alexco Resources Corp.'s Bellekeno property; the Lezai Multi-Element Prospect comprising of approximately 55,100 contiguous acres in Quebec; holdings in the Alberta Oilsands; and the Grande-Vallee North aluminous clay prospect near Murdochville Quebec, bordering Orbite Aluminae Inc.'s deposit.
If you would like to be added to Habanero's email updates list, please send an email to ir@habaneroresources.com requesting to be added.
Work on the Lezai Gold Prospect and Grand-Vallee North Prospect were supervised by Kristopher J. Raffle, P.Geo (BC) Senior Geologist for APEX Geoscience Ltd. of Edmonton, AB, who is the qualified person for the project as defined by National Instrument 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Grand-Vallee North Prospect and the Lezai Multi-Element Prospect.
To view maps of these projects please go to http://www.habaneroresources.com.
Habanero Resources Inc.
Jason Gigliotti, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
.
.
Contact:.
.
Habanero Resources Inc.
Jason Gigliotti
President
604 646 6900
www.habaneroresources.com
Press Release: Habanero Resources Inc. – 10 hours ago
Reprise for Nortel debacle as Toronto trial opens
By Alastair Sharp
TORONTO (Reuters) - The fraud trial of three former executives at Canada's bankrupt Nortel Networks opens on Monday, a decade after their alleged crimes, as one of the most spectacular casualties of the 1990's dot-com bubble takes a curtain call in a Toronto courtroom.
Former Chief Executive Frank Dunn, former Chief Financial Officer Douglas Beatty and former Controller Michael Gollogly are charged with deliberately defrauding investors and the company itself by misrepresenting Nortel's financial results between 2000 and 2004.
The court date comes more than three years after the executives were charged and a dozen years after their alleged transgressions began.
In preparing for the case, prosecutors have been sorting through millions of documents, some of them dating back to before the spectacular collapses of Enron and Worldcom, two of the biggest corporate scandals in U.S. history.
The time lapse highlights the complexity of the Nortel case and also what critics say is the slow pace of Canada's justice system in cases involving alleged corporate wrongdoing.
The three, who deny the charges, could face up to 14 years in jail if they are found guilty.
In pre-trial motions last week, defense lawyers asked the court to force prosecutors to explicitly identify evidence of deliberate falsification of records. A ruling could force the Crown to produce specific documents before the proceedings commence.
The judge, Justice Frank Marrocco, is expected to rule on the issue later on Monday before the opening of a trial that could drag on for months.
SPECTACULAR CRASH
Once the phone manufacturing arm of Canada's biggest phone company, Nortel became a market darling in the late 1990's as the Internet revolution picked up steam and investors bet the company would make billions selling fiber optics network.
In 2000, speculators pushed the company's shares up to the point where its market capitalization topped out around C$400 billion, accounting for a full third of the entire Toronto Stock Exchange.
As tech stocks crested and Nortel's sales failed to meet analysts' stratospheric expectations, the company's shares went off a cliff, dropping more than 99 percent by 2002 and decimating investment funds.
The subsequent accounting scandal helped crush any hopes of a return to stability.
The alleged manipulations by the three former executives triggered bonus payments in 2003 as Nortel returned to profit after several years of losses.
After discovering accounting abnormalities, Nortel restated its results several times, shaking investor faith in its prospects and triggering numerous investigations.
Nortel filed for bankruptcy protection three years ago. A sale of Nortel's patents last year brought in $4.5 billion for creditors and were a reminder of the depths to which the company had sunk.
WHITE COLLAR CRIME
Critics have long argued that Canada is soft on white-collar crime, and some high-profile cases have dragged on for years.
Theater production company Livent Inc went bankrupt in 1998 after fraud allegations came to light, but founders Garth Drabinsky and Myron Gottlieb were not convicted until 2009, and were not jailed until they lost an appeal last fall.
In fact, the Livent case is still not closed, as Drabinsky has asked the Supreme Court of Canada to hear his case.
In 1997, shares of Bre-X collapsed after it emerged that samples from its Busang gold deposit in Indonesia had been salted to create the impression of a massive gold strike. Despite a prosecution that dragged on until 2007, no one was ever convicted.
The Ontario Securities Commission, Canada's top securities regulator, is considering new guidelines that would let those under investigation to settle without admitting guilt.
The Commission has said the mechanism, used by the U.S. Securities and Exchange Commission, would help it clear cases more quickly.
The case is The Crown vs Frank Dunn, Douglas Beatty and Michael Gollogly; Ontario Superior Court of Justice; court file number 10 00145.
(Additional reporting by Allison Martell; Writing by Cameron French; Editing by Frank McGurty)
Source: http://finance.yahoo.com/news/Reprise-Nortel-debacle-rb-1257154641.html?x=0
Last purchase of hegde funds:
PRIMECAP Management
Buy: ADI, SCOR, NTAP,
Add: SCHW, JNJ, LTD,
Reduce: MKTG, GR, JWN,
Sell: OPEN, PXP, ISIL,
Pioneer Investments Pioneer Investments
Buy: MPC, VTR, WFM,
Add: JNPR, CVS, M,
Reduce: A, DELL, SAPE,
Sell: ORI, FNF, FTR,
Jim Simons
Buy: MSFT, NOV, HAL,
Add: SLB, PM, ESRX,
Reduce: STRL, LXP, LXRX,
Sell: EMMS, EGI, MRNAD,
Jean-Marie Eveillard First Eagle Investment Management, LLC
Buy: M, NYX, FNV,
Add: PWE, CSCO, ASH,
Reduce: AMIC, ZMH, KT,
Sell: IP, GLW, FTR
John Griffin
Buy: AGNC, ILMN, KKR,
Add: NFLX, MON, LBTYA,
Reduce: DISCK, SATS, IVN,
Sell: XRS, SWC, PPMIQ
Wilbur Ross
Buy: AL,
Add: XCO, AGO, SNBC,
Reduce: BWLD, DAL, KEG,
Sell: USO, PXP,
Richard Pzena
Buy: SPLS, CSC, FO,
Add: HPQ, PPG, BEN,
Reduce: VVI, CNO, MTSC,
Sell: WSH, ZMH, COF,
Eric Mindich
Buy: NWSA, SPY, MHS,
Add: VIA.B, EBAY, WMB,
Reduce: CVI, RAH, PAC,
Sell: IFMI, PLG, C.WS.B,
Ron Baron
Buy: AWAY, TSCO, FEIC,
Add: CFX, SFLY, CRR,
Reduce: SRZ, KW, JPM,
Sell: CUBE, VNET, NCS,
David Dreman
Buy: SPW, OLN, HSC,
Add: DRE, CTB, ENS,
Reduce: GAS, UL, CI,
Sell: MFG, CVX, IWN,
Third Avenue Management
Buy: AEO, SEMG, GGP,
Add: LOW, TFX, TLAB,
Reduce: UMC, APSA, DNN,
Sell: HKN, LSTZA,
Zeke Ashton
Buy: ACOM, AAPL, HOLX,
Add: WSTL, CSTR, WDC,
Reduce: HIMX, Y, TAT,
Sell: ADFS, BCSI, IDCC,
Daniel Loeb
Buy: YHOO, HFC, GILD,
Add: WMB, SNDK, EXPE,
Reduce: LINTA, MJN, SUN,
Sell: LPR, ACW, DEPO,
Michael Price
Buy: LNCR, NLC, IR,
Add: JNS, PFE, JCP,
Reduce: GS, ABFS, GVA,
Sell: ACMR, RECN, UTHR,
Bruce Kovner
Buy: XLK, XL, IWF,
Add: BAC, AON, MA,
Reduce: GHDX, IILG, HAIN,
Sell: KFRC, SMSI, MY,
Mark Hillman
Add: BAC, HPQ,
Reduce: GR,
John Keeley
Buy: BND, MFGLQ.PK, AMCX,
Add: XCO, OAS, ICON,
Reduce: GLD, MAG, MPW,
Sell: SLTM, GNW, TRIB,
HOTCHKIS & WILEY
Buy: SNY, GLW, CCL,
Add: TOT, PCAR, ALL,
Reduce: FBN, HON, WBS,
Sell: HYG, TBNK, MTB,
Manning & Napier Advisors, Inc
Buy: GLW, AMCX, WAT,
Add: AMZN, DIS, SCHW,
Reduce: KOG, MBB, FMS,
Sell: AGZ, CUBE, HAS,
Dodge & Cox
Buy: LOW,
Add: BAC, GS, MSFT,
Reduce: TDC, M, VFC,
Sell: EXPD, MCO, RRD,
Source: www.gurufocus.com
Last purchase of insiders:
CNDO
Coronado Biosciences Inc.
ROSENWALD LINDSAY A MD
Director, 10% Owner
2012-01-13
Buy 2000
$5.4 Trade Price ($)
Cost ($1000) 10.8
TRNO
Terreno Realty
COKE MICHAEL A
PRESIDENT AND CFO
2012-01-13
Buy 10000
$14.25 Trade Price ($)
Cost ($1000) 142.5
SPB
Spectrum Brands Holdings
HARBINGER GROUP INC.
2012-01-13
Buy 29000
$29 Trade Price ($)
Cost ($1000) 841
SPB
Spectrum Brands Holdings
HARBINGER CAPITAL PARTNERS MAS
2012-01-13
Buy 29000
$29 Trade Price ($)
Cost ($1000)841
TRNO
Terreno Realty
PASQUALE DOUGLAS M
Director
2012-01-13
Buy 10000
$14.25 Trade Price ($)
Cost ($1000)142.5
TRNO
Terreno Realty
BAIRD W BLAKE
CHAIRMAN AND CEO
2012-01-13
Buy 34150
$14.25 Trade Price ($)
Cost ($1000)486.6
Source: www.gurufocus.com
Gas Bears Boost Bets on ’Catastrophic’ Surplus
By Asjylyn Loder - Jan 16, 2012 5:03 PM GMT+0100 Hedge funds turned bearish on U.S. natural gas for the first time in eight weeks as a surplus and warmer-than-normal weather pushed the price of the heating fuel to the lowest level in more than two years.
The funds and other large speculators switched from bets that futures will rise to a bearish, or “short,” position of a net 10,344 futures equivalents in the week ended Jan. 10, according to the Commodity Futures Trading Commission’s Commitments of Traders report on Jan. 13.
Natural gas plunged 13 percent last week on the New York Mercantile Exchange, the biggest decline since August 2009, after forecasts showed above-average temperatures through January. Stockpiles in the week ended Jan. 6 stood at 3.377 trillion cubic feet, 17 percent above the five-year average, the U.S. Energy Department reported on Jan. 12.
“The funds that got short are feeling good right now,” Kyle Cooper, director of research for IAF Advisors in Houston, said in a telephone interview on Jan. 13. “As long as it stays this warm, prices have to go lower. With this type of weather, the storage surplus becomes catastrophic.”
Natural gas for February delivery fell 5.2 cents to $2.941 per million British thermal units on the Nymex in the week covered by the report and dropped another 9.2 percent to $2.67 on Jan. 13, the lowest settlement price since Sept. 3, 2009.
The contract fell for sixth day today, dropping 12.2 cents, or 4.6 percent, to $2.548 at 10:59 a.m. in New York.
Seasonal Record
Storage slipped 95 billion cubic feet in the week ended Jan. 6, compared with a five-year average decline of 128 billion, the Energy Department reported. Inventories rose to an all-time high of 3.852 trillion cubic feet on Nov. 18.
Supplies may reach a seasonal record of 2.4 trillion cubic feet in March, which is when heating demand usually ends and producers begin piping more gas into storage, Cooper said. Unless production falls or cold weather bolsters demand, prices will drop to $2.40 per million Btu, and perhaps below $2, as gas overflows storage caverns and clogs pipelines, he said.
“This is a situation that has never been seen before,” Cooper said. “If we hit 2.4 trillion, you’re looking at storage capacity constraints by July or August where you literally have system problems because the system is so full.”
Mild Weather
U.S. gas production will rise to an all-time high next year amid rising output from shale formations, according to Energy Department estimates. Marketed gas output will average 67.34 billion cubic feet a day in 2012, up 2.2 percent from this year, the department’s Energy Information Administration said in its Jan. 10 Short-Term Energy Outlook.
Forecasts have shown higher temperatures, Matt Rogers, president of Commodity Weather Group LLC in Bethesda, Maryland, said in a Jan. 13 telephone interview. His predictions for January heating degree days, a measure of demand for fuel during cold weather, fell by 115, or 12 percent, to 822 from his Dec. 30 estimate of 937.
“It’s nowhere close to what we were expecting,” Rogers said. “It’s making everyone question whether there will be any cold weather this winter.”
Heating demand will be 4.4 percent below normal in the U.S. through Jan. 20, and 6 percent below normal in New York, David Salmon, a meteorologist with Weather Derivatives in Belton, Missouri, said in a report to clients on Jan. 13.
About 51 percent of U.S. households use gas for heating, according to the Energy Department.
Managed Money
Hedge funds and other large speculators, including commodity pools and commodity-trading advisers, switched in the week ended Jan. 10 from a net-long position of 14,318 the previous week. The measure includes an index of four contracts adjusted to futures equivalents: Nymex natural gas futures, Nymex Henry Hub Swaps, Nymex Henry Hub Penultimate Swaps and ICE Henry Hub Swaps. Henry Hub, in Erath, Louisiana, is the delivery point for Nymex futures, a benchmark price for the fuel.
In other markets, funds increased oil wagers on rising prices by 1,365 to 201,672 contracts in the seven days ended Jan. 10.
They boosted positions in gasoline to the highest in records going back to 2006. Bullish bets advanced by 3,929 futures and options combined, or 5.8 percent, to 71,282 in the week ended January 10, the CFTC said. Bets that heating oil will rise increased by 3,841 futures and options combined, or 15 percent, to 30,103, the data showed.
To contact the reporter on this story: Asjylyn Loder in New York at aloder@bloomberg.net.
To contact the editor responsible for this story: Bill Banker at bbanker@bloomberg.net
Source: http://www.bloomberg.com/news/2012-01-16/gas-speculators-turning-bearish-on-catastrophic-surplus-energy-markets.html
Zappos hacked, 24 million accounts accessed
By David Goldman @CNNMoneyTechJanuary 16, 2012: 11:33 AM ET
NEW YORK (CNNMoney) -- Online shoe store Zappos has been hacked, exposing the names, e-mail addresses, addresses, phone numbers and partial credit card numbers of its 24 million customers, the company said late Sunday night.
Citing an "illegal and unauthorized access" to customer account information, the company reset its customers' passwords. Zappos then urged customers to change their login credentials on any other sites, for which they use the same password and username.
Zappos.com put a big green "create a new password" button on its homepage on Monday.
Zappos said customers' passwords were exposed in the hack, but the online retailer insisted that they were encoded and that attackers had no access to customers' actual passwords. Resetting its users' passwords was just an added precaution, since its highly unlikely the hackers will be able -- or would take the time -- to unlock the encryption.
Customers of Zappos' discount shoe store 6pm.com were also affected, and their passwords were reset as well.
That was "the bad news," according to Zappos, which is owned by Amazon (AMZN, Fortune 500).
The "better news" was the cybercriminals that stole the information had no access to full credit card numbers or other payment data, since the database containing that information was not hacked.
All that was revealed were the last four digits of customers' credit card numbers -- just like the information that appears on a printed receipt at a physical store.
The last four digits of a credit card number serve as a way to identify a customer, but they are even more worthless than the last four digits of a Social Security number -- in terms of actually matching a real credit card number to a person.
The cost of cybercrime
The cyberattack occurred on one of Zappos' servers located in Kentucky, through which the hacker was able to gain access to part of the company's internal network and systems. Company CEO Tony Hsieh said in an e-mail to employees that Zappos is working with law enforcement to undergo an "exhaustive investigation."
The Zappos hack, though annoying for customers, is nowhere near as serious as some other recent thefts of consumer account information. Last spring's attack on Sony (SNE) led to stolen credit cards from 77 million customers, and a Citigroup (C, Fortune 500) hacker stole $2.7 million from about 3,400 accounts in May.
These kind of hacks can be immensely damaging to a brand. In fact, companies are generally reluctant to reveal hacking incidents unless they're legally required to, such as when customer information has been exposed.
"We've spent over 12 years building our reputation, brand and trust with our customers," Hsieh wrote in the company memo. "It's painful to see us take so many steps back due to a single incident."
Despite recent ramped-up efforts to protect against unauthorized entry into companies' systems, hacks have only increased in number and in scale.
Globally, data breaches are expected to have accounted for $130.1 billion in corporate losses last year, according to the Ponemon Institute. Historically, about 30% of that total cost has been direct losses attributable to the breaches, which would mean about $39 billion was stolen in 2011.
Source: http://money.cnn.com/2012/01/16/technology/zappos_hack/?source=cnn_bin
Lions Gate Buying Summit Entertainment For $412.5 Million.
By Teresa Rivas
Lions Gate Entertainment (LGF) is inching upwards in after hours trading, following its announcement that it is buying privately held Summit Entertainment in a cash-and-stock deal valued at $412.5 million.
The acquisition will bring a number of valuable films to Lions Gate’s library, including the critically acclaimed Hurt Locker and the popular Twilight series. Lions Gate said it expects the deal to be accretive to earnings in fiscal 2013, which begins in April.
Lions Gate hit a new 52-week high earlier this week, and is up 30% in the past twelve months.
Source: http://blogs.barrons.com/stockstowatchtoday/2012/01/13/lions-gate-buying-summit-entertainment-for-412-5-million/?mod=yahoobarrons
Capital Market Conferences Continue to Pave the Way for Investor Confidence, Funding Opportunities and Economic Recovery
BEVERLY HILLS, CA -- (Marketwire) -- 01/16/12 -- The West Coast Wall Street Conference™ (www.wall-street.com) will debut this year with the Beverly Hills Investment Resource Conference™ at the Beverly Wilshire (A Four Seasons) hotel in the Beverly Hills Financial District. Early registration for the January 17th and January 18th event has sold out to a capacity audience of accredited investors, institutional investors and broker dealers.
Registration is still available at http://bhinvestmentclub.eventbrite.com for the two day luncheon seminar and conference sponsored by Apache Energy, LLC. Lunchtime Keynote will be by Southern California technologist Wayne Gene Irving. Raffles and door prizes will be sponsored by Skizzleville, Reading Cinemas International, San Diego Investment Conference, Wall-Street.com and Clothier George Chapman of Beverly Hills.
Lineup of select and resource companies presenting in the Champagne Room at the Beverly Wilshire include:
IBC Advanced Alloys (TSX VENTURE: IB) (www.ibcadvancedalloys.com)
SilverCrest Mines (PINKSHEETS: STVZF) (www.silvercrestmines.com)
Mosquito Consolidated (TSX VENTURE: MSQ) (OTCQX: MQCMF) (www.mosquitogold.com)
Fission Energy Corp. (TSX VENTURE: FIS) (www.fission-energy.com)
Apache Energy, LLC (www.apacheenergyinc.com)
TBC Energy (http://tbcenergy.com)
11 Good Energy (www.11goodenergy.com)
Nanoviricides (OTCBB: NNVC) (www.nanoviricides.com)
True Diagnostics (http://truediag.com)
Starlight Solar
Theballotbux.com
Ellis Martin of the Ellis Martin Report (www.ellismartinreport.com) will serve as opening keynote for the conference featuring resource, materials, energy and select companies. The Ellis Martin Report is a radio program heard on business talk radio stations across the US and on the VoiceAmerica Business channel with an audience of over 3 million listeners, many of them interested in potential investment opportunities. His keynote speech at the Beverly Hills Investment Conference will focus on junior resource companies as long-term possible investment opportunities in 2012.
Patrick A. Howell, Executive Director of the West Coast Wall Street Conference, says, "Ellis Martin's keynote is a core component of our program as he aligns business values and principals with bottom line results. California, the nation and the world will recover from the doldrums of this severe economic depression when leadership as Ellis' steps forward to be voice of conscience aligned with the passion for profit."
These sentiments are echoed by Dennis Myers, Principal Economist for California State Department of Finance, who recently commented in the California Financial Times, "Job creation in California has outpaced the rest of the nation during the recovery. Since sustained job growth resumed in October 2010, California employment growth has outstripped the nation as a whole... The Golden State also grew faster than most developed countries... As measured by real gross domestic product (GDP) in the years leading up to the Great Recession, California's economy grew faster than that of the largest industrial nations, including the U.S. Among developed countries, during the Great Recession and its aftermath (2007-2010) California GDP growth was outpaced only by Canada and Australia." (http://www.createmagazines.com/showMagazine.php?mag_id=pZSgl5uYmaKboaiYpaefmKCnlaKgmZell6GVmGF2eIebpqWol2ViZGNkYw==)
The California Financial Times (The CFT) (http://www.sandiegoinvestmentconference.com/cft-blog.html) will also provide media support with Christi Mottola as media host and executive producer conducting WebTV interviews with featured CEOs as Frederick Berndt of 11 Good Energy and Dr. Eugene Seymour of Nanoviricides, Inc. The Big Biz Radio show will broadcast live from the terrace lobby of the Beverly Wilshire between 12 and 2 pm and provide lightening round panel interviews with CEOs for WebTV broadcast with executives as Ian Tootles of IBC Advanced Alloys, Silver Crest Mines President Scott Drever, and Mosquito Consolidated CEO Brian McClay.
The Big Biz Show with Bob "Sully" Sullivan & Russ T Nailz is a nationally syndicated radio and television program broadcast daily from 3pm - 5pm EST in over 30 million homes nationwide and coast-to-coast on the CBS Radio Network, FOX Business Network, Salem Satellite Services via Cumulus, The Biz Television Network, wazillomedia.com, AOL Radio, Yahoo Radio and on The American Forces Network in 177 Countries. "All The Ships At Sea!" listeners and viewers can also watch and listen live by visiting http://www.bigbizshow.com.
Patrick A. Howell continues, "According to analysts, material, American energy, information technology and biotechnology sectors are heavily favored in 2012. In fact, Sutter Gold Mining and OvaGene Oncology both emerged as annual award winners with the West Coast Wall Street Conference in 2011. We begin our year with exceptional presentations in energy, gold, silver, molybdenum, uranium and copper. We find that select companies with substantive opportunities, tenured management, visions for the future and cash flow positive, even if it is marginal, are prospering. We hope that trend will continue in 2012 as small businesses continue to persevere and build upon their successes."
Howell concludes, "We are proud of the select companies that will present at our forthcoming Beverly Hills Investment Conference. We believe they represent some of the best opportunities in the emerging growth and micro-cap sectors. These executives are providing leadership in a time in world and American history when leadership seems to have the political equivalent of an aneurism. People have been resisting the change, responsibility and freedom that come with those easy decisions. True wealth is about so much more than just finances."
Disclaimer: All material herein is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. West Coast Wall Street Conference™ and Beverly Hills Investment Conference™ are trademark properties of the San Diego Investment Conference, LLC (SDIC). SDIC is not a licensed broker, broker dealer, market maker, investment banker, investment adviser, analyst, or underwriter. There are risks involved. SDIC is not an analyst and investing in securities such as the ones listed within are for high risk tolerant individuals only and not the general public. SDIC lists promoters and companies for informational purposes only and does not recommend any promoter or company listed within. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. Information within this advertisement contains "forward looking" statements within the meaning of Section 27(a) of the U.S. Securities Act of 1933 and Section 21(e) of the U.S. Securities Exchange Act of 1934. Forward-looking statements are based upon expectations, estimates and projections at the time the statements are made and involve risks and uncertainties that could cause actual events to differ materially from those anticipated.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1855602
Add to Digg Bookmark with del.icio.us Add to Newsvine
Patrick A. Howell
Executive Director
phowell@sandiegoinvestmentconference.com
(949)813-1756 (c)
www.sandiegoinvestmentconference.com
Source: Marketwire (January 16, 2012 - 9:54 AM EST)
2012 Economic Outlook - Report Highlights Stevia Corp and Titan Iron Ore Corp
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=840850&ProfileId=051205&sourceType=1
HONG KONG -- (Marketwire) -- 01/16/12 -- Today, www.BrightonMarkets.com announced new reports highlighting Stevia Corp (OTCBB: STEV) and Titan Iron Ore Corp (OTCBB: TFER). Gain market insight with full analysis and research downloads available at www.BrightonMarkets.com/index.php?coa=STEV&cob=TFER.
Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experienced in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.
Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.
Brighton Markets is releasing new coverage on Stevia Corp for its current position within the industry. Stevia Corp., formerly Interpro Management Corp., is a development-stage company. It is a farm management company focusing on stevia agronomics from plant breeding to agricultural practices to post-harvest techniques. The full research report on Stevia Corp (OTCBB: STEV) is available here: www.BrightonMarkets.com/index.php?coa=STEV.
Brighton Markets has released research on Titan Iron Ore Corp for its changing role within the industry. Titan Iron Ore Corp., formerly Digital Yearbook, Inc., is a development-stage company. The Company is a mineral resource exploration company. The Company is focused on the acquisition and development of iron ore exploration and development mining properties. The full research report on Titan Iron Ore Corp (OTCBB: TFER) is available here: www.BrightonMarkets.com/index.php?cob=TFER.
About Brighton Markets
Brighton Markets was founded on the guiding principle of providing highly relevant, meaningful, and actionable information direct to investors. Across the investment spectrum, Brighton Markets shines light on today's events.
Contact:
Jean Barnes
Email: Email Contact
www.BrightonMarkets.com
Source: Marketwire (January 16, 2012 - 9:00 AM EST)
Avance Nerve Graft Clinical Results Published
AxoGen, Inc. (OTCBB: AXGN), an emerging regenerative medicine company focused on the commercialization of proprietary products and technologies for peripheral nerve reconstruction and regeneration, today reported the publication of peer-reviewed clinical research conducted at twelve leading US surgical sites and led by the Buncke Clinic in San Francisco. The study, which is the first, multi-center clinical trial on processed nerve allografts, found that the Avance® Nerve Graft achieved meaningful recovery in 87 percent of patients with peripheral nerve injuries. A summary of the findings were published in the January 2012 issue of Microsurgery.1
Darrell Brooks, M.D., plastic surgeon, of The Buncke Clinic and the study’s principal investigator said, “It is commonly accepted among surgeons who do peripheral nerve repair that success of surgery depends on the type of injury, length of nerve discontinuity, the patient’s age and the type of nerve. Our study findings show that with processed nerve allograft, patients can have meaningful recovery regardless of these factors.”
Karen Zaderej, President and CEO of AxoGen, Inc. stated, “This is monumental and exciting research. Previously surgeons had limited options for the repair of traumatic injuries with nerve defects. This data opens up opportunities for surgeons to restore both sensory and muscle function for their patients with peripheral nerve injuries. We are delighted that our products can provide new options for surgeons and their patients.”
Dr. Brooks further commented, “Based on our findings, the information I use to counsel my patients prior to surgery will change — this is a paradigm shift.”
About AxoGen, Inc.
AxoGen (OTCBB: AXGN) is a regenerative medicine company with a portfolio of proprietary products and technologies for peripheral nerve reconstruction and regeneration. Every day people suffer traumatic injuries or undergo surgical procedures that impact the function of their peripheral nerves. Peripheral nerves provide the pathways for both motor and sensory signals throughout the body and their damage can result in the loss of function and feeling. In order to improve surgical reconstruction and regeneration of peripheral nerves, AxoGen has developed and licensed patented and patent-pending technologies, which are used in its portfolio of products. This portfolio includes Avance® Nerve Graft, which AxoGen believes is the first and only commercially available allograft nerve for bridging nerve discontinuities (a gap created when the nerve is severed). AxoGen’s portfolio also includes AxoGuard® Nerve Connector, a coaptation aid allowing for close approximation of severed nerves, and AxoGuard® Nerve Protector that protects nerves during the body’s healing process after surgery. AxoGen is bringing the science of nerve repair to life with thousands of surgical implants of AxoGen products performed in hospitals and surgery centers across the United States, including military hospitals serving U.S. service men and women.
AxoGen (formerly known as LecTec Corporation) is the parent of its wholly owned operating subsidiary, AxoGen Corporation. AxoGen’s principal executive office and operations are located in Alachua, FL.
Cautionary Statements Concerning Forward-Looking Statements
This Press Release contains “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or predictions of future conditions, events or results based on various assumptions and management’s estimates of trends and economic factors in the markets in which we are active, as well as our business plans. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “projects”, “forecasts”, “may”, “should”, variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements may include, without limitation, statements regarding product development, product potential or financial performance. The forward-looking statements are subject to risks and uncertainties, which may cause results to differ materially from those set forth in the statements. Forward-looking statements in this release should be evaluated together with the many uncertainties that affect AxoGen’s business and its market, particularly those discussed in the risk factors and cautionary statements in AxoGen’s filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. The forward-looking statements are representative only as of the date they are made, and AxoGen assumes no responsibility to update any forward-looking statements, whether as a result of new information, future events or otherwise.
1 Brooks, D. et. al, Processed Nerve Allografts for Peripheral Nerve Reconstruction: A Multicenter Study of Utilization and Outcomes in Sensory, Mixed, and Motor Nerve Reconstructions. Microsurgery 2012: DOI 10.1002/micr.20975.
Source: Business Wire (January 16, 2012 - 8:30 AM EST)
Human Genome Sciences, Inc. (HGSI) 8,86
OXiGENE, Inc. (OXGN) 1,05
Cell Therapeutics, Inc. (CTIC) 1,15
Arena Pharmaceuticals, Inc. (ARNA) 1,65
Orexigen Therapeutics, Inc. (OREX) 2.05
BioSante Pharmaceuticals, Inc. (BPAX) 0,5397
GENTA INC (GNTA.OB) 0.0022
LA JOLLA PHARMA (LJPC.PK) 0.0035
PHARMSTAR PHARM INC (PHAR.PK) 0.0036
NUTRA PHARMA CORP (NPHC.OB) 0,0220
GENEREX BIOTECH CORP (GNBT.OB) 0,23
Telik, Inc. (TELK) 0,1710
Rosetta Genomics Ltd. (ROSG) 0,22
Stantec Inc Common Stock (STN) $25,83
ADVENTRX Pharmaceuticals, Inc. (ANX)0,6126
ActionView International Inc. 0,0003