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KLUCQ $38 mil in Income - $12 mil MC!
KLUCQ already at 6 times avg volume. Their market cap is 1/6th of what they made last quarter. This stock should be trading at 10 times its current PPS
KLUCQ already at 6 times avg volume. Their market cap is 1/6th of what they made last quarter. This stock shoudl be trading at 10 times its current PPS
KLUCQ Wow!
Current Market Cap is $13 million. They just reported $38 million in income for the first quart!!
Possible 5 bagger here!
Outstanding Shares: 80,186,095
Kaiser Aluminum Reports Net Income of $38.4 Million; Company Cites Increased Shipments Across Broad Range of Products, Led By Heavy Demand for Aerospace Products
FOOTHILL RANCH, Calif., May 11, 2006 (BUSINESS WIRE) -- Kaiser Aluminum today reported net income of $38.4 million for the quarter ended March 31, 2006, compared to $8.3 million for the same period in 2005, driven by strong broad based demand for fabricated aluminum products, particularly in the aerospace and high strength products.
Net sales for the first quarter reached $336.3 million, up 20 percent from the same period in 2005 when the company reported net sales of $281.4 million. The improvement is attributed to an 11 percent increase in average realized prices, primarily reflecting higher underlying aluminum prices, and a 7 percent increase in shipments.
Operating income in the fabricated products division reached $45.0 million for the first quarter of 2006, compared to $25.4 million for the first quarter of 2005. Approximately $7 million of the improvement was driven by the higher sales volume led by the aerospace sector, where shipments improved by 28 percent as compared to the first quarter of 2005. The increase also reflects improved cost performance as a result of ongoing efficiency efforts. The strong cost performance offset approximately $4 million of higher natural gas and energy prices in the first quarter of 2006 as compared to 2005. First quarter 2006 results also benefited from lower than normal major maintenance spending, improved scrap metal utilization and scrap spreads, and approximately $9 million of "metal profits" related to the rising price of primary aluminum.
Third-party net sales of primary aluminum in the first quarter of 2006 increased 31 percent over the first quarter of 2005 primarily as a result of a 26 percent increase in third-party realized prices and a 2 percent increase in shipments. However, earnings from the primary aluminum segment in 2006 only increased to $8.7 million, as compared to $2.8 million for the same period in 2005 as previously installed price risk-management activities had the effect of capping the benefit of the primary aluminum price increase. First quarter 2006 results also include unrealized mark-to-market gains of approximately $4 million on hedging instruments while first quarter 2005 results included mark-to-market losses of approximately $2 million.
"Favorable market conditions are broad based and look to be sustainable in the near term. At the same time our first quarter operating income reflects more than $15 million of reported income from non-run-rate benefits such as metal profits, mark-to-market gains, and lower major maintenance costs," said Jack A. Hockema, president and CEO of Kaiser Aluminum.
"Even discounting the non-run-rate benefits, the results for the first quarter were very strong. While our markets are cyclical, we look forward to cushioning any negative impact of future downturns with new plate capacity projects and underlying new business such as the previously announced Airbus and Boeing sales agreements," added Hockema.
The company's second amended plan of reorganization (POR) was accepted by all classes of creditors entitled to vote on it and, on February 8, 2006, the POR was confirmed by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The confirmation order remains subject to motions for review and appeals filed by certain insurers and must still be adopted or affirmed by the United States District Court (the "District Court"). Other significant conditions to emergence include completion of the company's exit financing, listing of the new common stock on the NASDAQ stock market and formation of certain trusts for the benefit of different groups of tort claimants. As provided in the POR, once the Bankruptcy Court's confirmation order is adopted or affirmed by the District Court, even if the affirmation order is appealed, the company can proceed to emerge if the District Court does not stay its order adopting or affirming the confirmation order and the key constituents in the Chapter 11 proceedings agree. Assuming the court adopts or affirms the confirmation order, the company believes that it is possible that it will emerge during the second quarter of 2006 or early in the third quarter of 2006. No assurances can be given that the Bankruptcy Court's confirmation order will ultimately be adopted or affirmed by the District Court
Kaiser Aluminum Corporation (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.
KLUCQ Going up big!
Current Market Cap is $13 million. They just reported $38 million in income for the first quart!!
Possible 5 bagger here!
Outstanding Shares: 80,186,095
Kaiser Aluminum Reports Net Income of $38.4 Million; Company Cites Increased Shipments Across Broad Range of Products, Led By Heavy Demand for Aerospace Products
FOOTHILL RANCH, Calif., May 11, 2006 (BUSINESS WIRE) -- Kaiser Aluminum today reported net income of $38.4 million for the quarter ended March 31, 2006, compared to $8.3 million for the same period in 2005, driven by strong broad based demand for fabricated aluminum products, particularly in the aerospace and high strength products.
Net sales for the first quarter reached $336.3 million, up 20 percent from the same period in 2005 when the company reported net sales of $281.4 million. The improvement is attributed to an 11 percent increase in average realized prices, primarily reflecting higher underlying aluminum prices, and a 7 percent increase in shipments.
Operating income in the fabricated products division reached $45.0 million for the first quarter of 2006, compared to $25.4 million for the first quarter of 2005. Approximately $7 million of the improvement was driven by the higher sales volume led by the aerospace sector, where shipments improved by 28 percent as compared to the first quarter of 2005. The increase also reflects improved cost performance as a result of ongoing efficiency efforts. The strong cost performance offset approximately $4 million of higher natural gas and energy prices in the first quarter of 2006 as compared to 2005. First quarter 2006 results also benefited from lower than normal major maintenance spending, improved scrap metal utilization and scrap spreads, and approximately $9 million of "metal profits" related to the rising price of primary aluminum.
Third-party net sales of primary aluminum in the first quarter of 2006 increased 31 percent over the first quarter of 2005 primarily as a result of a 26 percent increase in third-party realized prices and a 2 percent increase in shipments. However, earnings from the primary aluminum segment in 2006 only increased to $8.7 million, as compared to $2.8 million for the same period in 2005 as previously installed price risk-management activities had the effect of capping the benefit of the primary aluminum price increase. First quarter 2006 results also include unrealized mark-to-market gains of approximately $4 million on hedging instruments while first quarter 2005 results included mark-to-market losses of approximately $2 million.
"Favorable market conditions are broad based and look to be sustainable in the near term. At the same time our first quarter operating income reflects more than $15 million of reported income from non-run-rate benefits such as metal profits, mark-to-market gains, and lower major maintenance costs," said Jack A. Hockema, president and CEO of Kaiser Aluminum.
"Even discounting the non-run-rate benefits, the results for the first quarter were very strong. While our markets are cyclical, we look forward to cushioning any negative impact of future downturns with new plate capacity projects and underlying new business such as the previously announced Airbus and Boeing sales agreements," added Hockema.
The company's second amended plan of reorganization (POR) was accepted by all classes of creditors entitled to vote on it and, on February 8, 2006, the POR was confirmed by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The confirmation order remains subject to motions for review and appeals filed by certain insurers and must still be adopted or affirmed by the United States District Court (the "District Court"). Other significant conditions to emergence include completion of the company's exit financing, listing of the new common stock on the NASDAQ stock market and formation of certain trusts for the benefit of different groups of tort claimants. As provided in the POR, once the Bankruptcy Court's confirmation order is adopted or affirmed by the District Court, even if the affirmation order is appealed, the company can proceed to emerge if the District Court does not stay its order adopting or affirming the confirmation order and the key constituents in the Chapter 11 proceedings agree. Assuming the court adopts or affirms the confirmation order, the company believes that it is possible that it will emerge during the second quarter of 2006 or early in the third quarter of 2006. No assurances can be given that the Bankruptcy Court's confirmation order will ultimately be adopted or affirmed by the District Court
Kaiser Aluminum Corporation (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.
KLUCQ Going up big!
Current Market Cap is $13 million. They just reported $38 million in income for the first quart!!
Possible 5 bagger here!
Outstanding Shares: 80,186,095
Kaiser Aluminum Reports Net Income of $38.4 Million; Company Cites Increased Shipments Across Broad Range of Products, Led By Heavy Demand for Aerospace Products
FOOTHILL RANCH, Calif., May 11, 2006 (BUSINESS WIRE) -- Kaiser Aluminum today reported net income of $38.4 million for the quarter ended March 31, 2006, compared to $8.3 million for the same period in 2005, driven by strong broad based demand for fabricated aluminum products, particularly in the aerospace and high strength products.
Net sales for the first quarter reached $336.3 million, up 20 percent from the same period in 2005 when the company reported net sales of $281.4 million. The improvement is attributed to an 11 percent increase in average realized prices, primarily reflecting higher underlying aluminum prices, and a 7 percent increase in shipments.
Operating income in the fabricated products division reached $45.0 million for the first quarter of 2006, compared to $25.4 million for the first quarter of 2005. Approximately $7 million of the improvement was driven by the higher sales volume led by the aerospace sector, where shipments improved by 28 percent as compared to the first quarter of 2005. The increase also reflects improved cost performance as a result of ongoing efficiency efforts. The strong cost performance offset approximately $4 million of higher natural gas and energy prices in the first quarter of 2006 as compared to 2005. First quarter 2006 results also benefited from lower than normal major maintenance spending, improved scrap metal utilization and scrap spreads, and approximately $9 million of "metal profits" related to the rising price of primary aluminum.
Third-party net sales of primary aluminum in the first quarter of 2006 increased 31 percent over the first quarter of 2005 primarily as a result of a 26 percent increase in third-party realized prices and a 2 percent increase in shipments. However, earnings from the primary aluminum segment in 2006 only increased to $8.7 million, as compared to $2.8 million for the same period in 2005 as previously installed price risk-management activities had the effect of capping the benefit of the primary aluminum price increase. First quarter 2006 results also include unrealized mark-to-market gains of approximately $4 million on hedging instruments while first quarter 2005 results included mark-to-market losses of approximately $2 million.
"Favorable market conditions are broad based and look to be sustainable in the near term. At the same time our first quarter operating income reflects more than $15 million of reported income from non-run-rate benefits such as metal profits, mark-to-market gains, and lower major maintenance costs," said Jack A. Hockema, president and CEO of Kaiser Aluminum.
"Even discounting the non-run-rate benefits, the results for the first quarter were very strong. While our markets are cyclical, we look forward to cushioning any negative impact of future downturns with new plate capacity projects and underlying new business such as the previously announced Airbus and Boeing sales agreements," added Hockema.
The company's second amended plan of reorganization (POR) was accepted by all classes of creditors entitled to vote on it and, on February 8, 2006, the POR was confirmed by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The confirmation order remains subject to motions for review and appeals filed by certain insurers and must still be adopted or affirmed by the United States District Court (the "District Court"). Other significant conditions to emergence include completion of the company's exit financing, listing of the new common stock on the NASDAQ stock market and formation of certain trusts for the benefit of different groups of tort claimants. As provided in the POR, once the Bankruptcy Court's confirmation order is adopted or affirmed by the District Court, even if the affirmation order is appealed, the company can proceed to emerge if the District Court does not stay its order adopting or affirming the confirmation order and the key constituents in the Chapter 11 proceedings agree. Assuming the court adopts or affirms the confirmation order, the company believes that it is possible that it will emerge during the second quarter of 2006 or early in the third quarter of 2006. No assurances can be given that the Bankruptcy Court's confirmation order will ultimately be adopted or affirmed by the District Court
Kaiser Aluminum Corporation (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.
KLUCQ Going up big!
Current Market Cap is $13 million. They just reported $38 million in oncome!
Possible 5 bagger here!
Outstanding Shares: 80,186,095
Kaiser Aluminum Reports Net Income of $38.4 Million; Company Cites Increased Shipments Across Broad Range of Products, Led By Heavy Demand for Aerospace Products
FOOTHILL RANCH, Calif., May 11, 2006 (BUSINESS WIRE) -- Kaiser Aluminum today reported net income of $38.4 million for the quarter ended March 31, 2006, compared to $8.3 million for the same period in 2005, driven by strong broad based demand for fabricated aluminum products, particularly in the aerospace and high strength products.
Net sales for the first quarter reached $336.3 million, up 20 percent from the same period in 2005 when the company reported net sales of $281.4 million. The improvement is attributed to an 11 percent increase in average realized prices, primarily reflecting higher underlying aluminum prices, and a 7 percent increase in shipments.
Operating income in the fabricated products division reached $45.0 million for the first quarter of 2006, compared to $25.4 million for the first quarter of 2005. Approximately $7 million of the improvement was driven by the higher sales volume led by the aerospace sector, where shipments improved by 28 percent as compared to the first quarter of 2005. The increase also reflects improved cost performance as a result of ongoing efficiency efforts. The strong cost performance offset approximately $4 million of higher natural gas and energy prices in the first quarter of 2006 as compared to 2005. First quarter 2006 results also benefited from lower than normal major maintenance spending, improved scrap metal utilization and scrap spreads, and approximately $9 million of "metal profits" related to the rising price of primary aluminum.
Third-party net sales of primary aluminum in the first quarter of 2006 increased 31 percent over the first quarter of 2005 primarily as a result of a 26 percent increase in third-party realized prices and a 2 percent increase in shipments. However, earnings from the primary aluminum segment in 2006 only increased to $8.7 million, as compared to $2.8 million for the same period in 2005 as previously installed price risk-management activities had the effect of capping the benefit of the primary aluminum price increase. First quarter 2006 results also include unrealized mark-to-market gains of approximately $4 million on hedging instruments while first quarter 2005 results included mark-to-market losses of approximately $2 million.
"Favorable market conditions are broad based and look to be sustainable in the near term. At the same time our first quarter operating income reflects more than $15 million of reported income from non-run-rate benefits such as metal profits, mark-to-market gains, and lower major maintenance costs," said Jack A. Hockema, president and CEO of Kaiser Aluminum.
"Even discounting the non-run-rate benefits, the results for the first quarter were very strong. While our markets are cyclical, we look forward to cushioning any negative impact of future downturns with new plate capacity projects and underlying new business such as the previously announced Airbus and Boeing sales agreements," added Hockema.
The company's second amended plan of reorganization (POR) was accepted by all classes of creditors entitled to vote on it and, on February 8, 2006, the POR was confirmed by the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The confirmation order remains subject to motions for review and appeals filed by certain insurers and must still be adopted or affirmed by the United States District Court (the "District Court"). Other significant conditions to emergence include completion of the company's exit financing, listing of the new common stock on the NASDAQ stock market and formation of certain trusts for the benefit of different groups of tort claimants. As provided in the POR, once the Bankruptcy Court's confirmation order is adopted or affirmed by the District Court, even if the affirmation order is appealed, the company can proceed to emerge if the District Court does not stay its order adopting or affirming the confirmation order and the key constituents in the Chapter 11 proceedings agree. Assuming the court adopts or affirms the confirmation order, the company believes that it is possible that it will emerge during the second quarter of 2006 or early in the third quarter of 2006. No assurances can be given that the Bankruptcy Court's confirmation order will ultimately be adopted or affirmed by the District Court
Kaiser Aluminum Corporation (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.
Nord Oil International enters into merger agreement with North-West Oil Group
May 11, 2006 (M2 EQUITYBITES via COMTEX) -- Nord Oil International Inc (OTC: NDOL), an oil & gas junior company, reported on 10 May that its boards of directors and majority shareholders have approved and signed a merger agreement with The North-West Oil Group.
Under the terms of the agreement Nord Oil International will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group: North-West Oil Group-Saratov Ltd and Neftegazenergo Ltd.
Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity, which is to be renamed the Northwest Oil Group.
The total merged enterprise value is currently estimated at USD1.25bn, representing approximately USD2.20 per Nord Oil International share post-merger.
The current board of directors is being changed to include four members appointed by the North-West Oil Group shareholders out of a total of seven board members. Ernest Malyshev of North West Oil Group becomes the new president and CEO with immediate effect.
Awesome PR this morning
Basically saying that we are worth $2.20 a share at present time!
MLXO - Huge Tommorow!
The largest volume in the last 100 days. Great bounce play here.
MLXO - Gonna break out
The largest volume in the last 100 days. Great bounce play here.
MLXO - Gonna break out
The largest volume in the last 100 days. Great bounce play here.
CBAY Ready to run!
Watch it just suddenly went up 20% on large volume
CBAY Ready to run!
Watch it just suddenly went up 20% on large volume
BIGN breaking Free
Huge volume and just hit 2.8 cents. Past resistance. Watch out up above!
BIGN breakign out - Hurry
Watch BIGN
l2's lookign much better volume at 3 times the average
L2s
Bid
0.025
0.022
0.020
Sell
0.027 X 2
0.030
BIGN Ready to break out
Watch BIGN
l2's lookign much better volume at 3 times the average
L2s
Bid
0.025
0.022
0.020
Sell
0.026
0.027 X 2
0.030
Watch BIGN
l2's lookign much better volume at 3 times the average
L2s
Bid
0.025
0.022
0.020
Sell
0.026
0.027 X 2
0.030
I can't imagine it going much lower. Tiem to stock up now. I just added to my holdings
Wow, great buying opporunity.
almost 70% gains all but guaranteed at this price.
BIGN over avg volume already
Ready to break out. The next big oil play IMO
BIGN - Huge Volume starting to run.
Check it out:
BIGN>>>>Biogenerics Limited, an investment venture capital company, engages in the exploitation and distribution of oil and gas reserves in the United States. It has joint ventures with Tyche Energy, Inc.; Hydroslotter Coporation; and WW Energy, Inc. The company is headquartered in Carson City, Nevada.
BIGN - Huge Volume Starting to run
Check it out:
BIGN>>>>Biogenerics Limited, an investment venture capital company, engages in the exploitation and distribution of oil and gas reserves in the United States. It has joint ventures with Tyche Energy, Inc.; Hydroslotter Coporation; and WW Energy, Inc. The company is headquartered in Carson City, Nevada.
BIGN - Huge Volume starting to run.
Check it out:
BIGN>>>>Biogenerics Limited, an investment venture capital company, engages in the exploitation and distribution of oil and gas reserves in the United States. It has joint ventures with Tyche Energy, Inc.; Hydroslotter Coporation; and WW Energy, Inc. The company is headquartered in Carson City, Nevada.
Get in now!
Ndol has been bought out for $2.17. This legitimizes management of AURC.
AURC will skyrocvket!
MCET - Buyout for 200% sgare price!
Check this out for an easy double play. News Just out minutes ago!
May 04, 2006 11:29 AM US Eastern Timezone
MultiCell Enters into $25 Million Common Stock Purchase Agreement
SAN DIEGO--(BUSINESS WIRE)--May 4, 2006--MultiCell Technologies, Inc. (OTCBB:MCET), a developer of therapeutics for the treatment of degenerative neurological disease, metabolic and endocrine disorders, and infectious disease, has entered into a common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago based institutional investor, whereby Fusion Capital shall buy up to $25 million of the Company's common stock. These funds are expected to be used for general corporate purposes including the advancement of MCT-125 in a pivotal Phase IIb/III clinical trial for the treatment of fatigue in Multiple Sclerosis.
Under the agreement, funding of the $25 million will occur from time to time over a 25 month period after the Securities & Exchange Commission has declared effective a registration statement covering the shares of common stock to be purchased by Fusion Capital. Throughout each month during the term of the agreement, the Company has the right to sell to Fusion Capital up to $1 million of its common stock at a price based upon the market price of the Company's common stock on the date of each sale without any fixed discount to the market price. The Company has the right to control the timing and the amount of stock sold to Fusion Capital, and under certain conditions, may increase or decrease the amount of stock sold to Fusion Capital. The Company also has the right to terminate the agreement at any time without any cost. A more detailed description of the transaction is set forth in Company's report on Form 8-K recently filed with the SEC.
Dr. Stephen Chang, MultiCell President, stated: "We are pleased to work with a respected institutional investor such as Fusion Capital. The terms of the financing allow us to sell shares at potentially higher market prices when funds are needed. This agreement represents an important potential source of capital for MultiCell. MultiCell hopes that the capital derived from the financing will permit it to commence pivotal Phase IIb/III clinical trials for MCT-125, a potential treatment for fatigue in patients diagnosed with multiple sclerosis exclusively licensed in December 2005 from Amarin Corporation plc."
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is a biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology platforms. The Company's drug development programs are focused on modulation of the immune system. The Company's lead drug candidates include drugs to treat fatigue resulting from multiple sclerosis, relapse-remitting multiple sclerosis, and type-1 diabetes. Other therapeutic candidates in the MultiCell development pipeline include new antiviral treatments to address worldwide influenza threats as well as treatments for other infectious diseases. The Company also holds unique cell-based technology for use in drug discovery screening applications and is a leading producer of the cell lines needed by the biotechnology industry to develop new drugs and therapeutics. For more information about MultiCell Technologies, please visit http://www.multicelltech.com.
About Fusion Capital
Fusion Capital Fund II, LLC is an institutional investor based in Chicago, Illinois with a fundamental investment approach. Fusion Capital invests in a wide range of companies and industries. Its investments range from special situation financing to long-term strategic capital. For more information about Fusion Capital, please visit http://www.fusioncapital.com.
MCET - 200% share price Buyout
Check it out News just out. Buyout for $25 million Market cap only $12 million:
May 04, 2006 11:29 AM US Eastern Timezone
MultiCell Enters into $25 Million Common Stock Purchase Agreement
SAN DIEGO--(BUSINESS WIRE)--May 4, 2006--MultiCell Technologies, Inc. (OTCBB:MCET), a developer of therapeutics for the treatment of degenerative neurological disease, metabolic and endocrine disorders, and infectious disease, has entered into a common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago based institutional investor, whereby Fusion Capital shall buy up to $25 million of the Company's common stock. These funds are expected to be used for general corporate purposes including the advancement of MCT-125 in a pivotal Phase IIb/III clinical trial for the treatment of fatigue in Multiple Sclerosis.
Under the agreement, funding of the $25 million will occur from time to time over a 25 month period after the Securities & Exchange Commission has declared effective a registration statement covering the shares of common stock to be purchased by Fusion Capital. Throughout each month during the term of the agreement, the Company has the right to sell to Fusion Capital up to $1 million of its common stock at a price based upon the market price of the Company's common stock on the date of each sale without any fixed discount to the market price. The Company has the right to control the timing and the amount of stock sold to Fusion Capital, and under certain conditions, may increase or decrease the amount of stock sold to Fusion Capital. The Company also has the right to terminate the agreement at any time without any cost. A more detailed description of the transaction is set forth in Company's report on Form 8-K recently filed with the SEC.
Dr. Stephen Chang, MultiCell President, stated: "We are pleased to work with a respected institutional investor such as Fusion Capital. The terms of the financing allow us to sell shares at potentially higher market prices when funds are needed. This agreement represents an important potential source of capital for MultiCell. MultiCell hopes that the capital derived from the financing will permit it to commence pivotal Phase IIb/III clinical trials for MCT-125, a potential treatment for fatigue in patients diagnosed with multiple sclerosis exclusively licensed in December 2005 from Amarin Corporation plc."
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is a biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology platforms. The Company's drug development programs are focused on modulation of the immune system. The Company's lead drug candidates include drugs to treat fatigue resulting from multiple sclerosis, relapse-remitting multiple sclerosis, and type-1 diabetes. Other therapeutic candidates in the MultiCell development pipeline include new antiviral treatments to address worldwide influenza threats as well as treatments for other infectious diseases. The Company also holds unique cell-based technology for use in drug discovery screening applications and is a leading producer of the cell lines needed by the biotechnology industry to develop new drugs and therapeutics. For more information about MultiCell Technologies, please visit http://www.multicelltech.com.
About Fusion Capital
Fusion Capital Fund II, LLC is an institutional investor based in Chicago, Illinois with a fundamental investment approach. Fusion Capital invests in a wide range of companies and industries. Its investments range from special situation financing to long-term strategic capital. For more information about Fusion Capital, please visit http://www.fusioncapital.com.
MCET - Buyout of $25 million
Market cap is only $13 million. Easy double play:
May 04, 2006 11:29 AM US Eastern Timezone
MultiCell Enters into $25 Million Common Stock Purchase Agreement
SAN DIEGO--(BUSINESS WIRE)--May 4, 2006--MultiCell Technologies, Inc. (OTCBB:MCET), a developer of therapeutics for the treatment of degenerative neurological disease, metabolic and endocrine disorders, and infectious disease, has entered into a common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago based institutional investor, whereby Fusion Capital shall buy up to $25 million of the Company's common stock. These funds are expected to be used for general corporate purposes including the advancement of MCT-125 in a pivotal Phase IIb/III clinical trial for the treatment of fatigue in Multiple Sclerosis.
Under the agreement, funding of the $25 million will occur from time to time over a 25 month period after the Securities & Exchange Commission has declared effective a registration statement covering the shares of common stock to be purchased by Fusion Capital. Throughout each month during the term of the agreement, the Company has the right to sell to Fusion Capital up to $1 million of its common stock at a price based upon the market price of the Company's common stock on the date of each sale without any fixed discount to the market price. The Company has the right to control the timing and the amount of stock sold to Fusion Capital, and under certain conditions, may increase or decrease the amount of stock sold to Fusion Capital. The Company also has the right to terminate the agreement at any time without any cost. A more detailed description of the transaction is set forth in Company's report on Form 8-K recently filed with the SEC.
Dr. Stephen Chang, MultiCell President, stated: "We are pleased to work with a respected institutional investor such as Fusion Capital. The terms of the financing allow us to sell shares at potentially higher market prices when funds are needed. This agreement represents an important potential source of capital for MultiCell. MultiCell hopes that the capital derived from the financing will permit it to commence pivotal Phase IIb/III clinical trials for MCT-125, a potential treatment for fatigue in patients diagnosed with multiple sclerosis exclusively licensed in December 2005 from Amarin Corporation plc."
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is a biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology platforms. The Company's drug development programs are focused on modulation of the immune system. The Company's lead drug candidates include drugs to treat fatigue resulting from multiple sclerosis, relapse-remitting multiple sclerosis, and type-1 diabetes. Other therapeutic candidates in the MultiCell development pipeline include new antiviral treatments to address worldwide influenza threats as well as treatments for other infectious diseases. The Company also holds unique cell-based technology for use in drug discovery screening applications and is a leading producer of the cell lines needed by the biotechnology industry to develop new drugs and therapeutics. For more information about MultiCell Technologies, please visit http://www.multicelltech.com.
About Fusion Capital
Fusion Capital Fund II, LLC is an institutional investor based in Chicago, Illinois with a fundamental investment approach. Fusion Capital invests in a wide range of companies and industries. Its investments range from special situation financing to long-term strategic capital. For more information about Fusion Capital, please visit http://www.fusioncapital.com.
CTFE - Huge breakout!
Watch it run. in at .009
Huge volume in the last 10 minutes. Get in now!
PGPM - More PR's On the way!
MY ANSWERS FROM ED MONET:
Very quick response and I'm impressed:
Joseph
Thanks for your email and support, I will try to answer your questions without speculate on details:
1) Can we fully expect additional press releases from the company in the VERY near future? Approximately in the next 5-10 business days?
A: Yes, we hire a IR company in charge of all related issues and activities in the near future.
2) What is their timeframe to have properties developed and producing revs in the next year?
A:We are working towards a goal 250 wells by the end of the year, without incur on additional workforce and debt. This may change if the oil prices increase substantially.
3) What is their capital outlay compared to income prior to these properties producing a viable rev stream? A:Our revenue stream is our working capital, we don't have line of credit or loans. We finance the entire project trough equity.
4) What is their expectations of multiple shallow wells to reduce drill time and costs?
A: The vast majority of our shallow wells where at some point very high producers, have a considerable reserve potential. We finance rework, pulling and rig time with the income generated out of those wells.
5) It was mentioned that they exceeded their previous guidance. What WAS the guidance and can they discuss the new guidance?
A:Our Guidance is the budget establish early last year at $40 barrel our new Guidance is $ 55 barrel for the rest of the year.
6) Are they going to concentrate on crude, or will they be pursuing gas wells as well?
A: At this time only crude, however we are working on a possible join venture with a large oil company to outsource one of our properties with a great Gas potential.
7) Will they be concentrating on shallow holes only?
A: We are pursuing "marginal wells" in general, shallow wells are consider between 800 feet to 2000 feet, we have a large amount of deep wells 3000 feet up to 6000 feet; keep in mind that a "marginal well" for a large company could be 120 bpd, a medium maybe 30 to 50 bpd, for us anything over 2bpd is good and has ROI; our operating cost is really inexpensive.
8) Do they own, or have lease rights to any rigs presently?
A: We own all our leases on 70% or more in most cases and all working interest in the majority of our properties. At this point we only operate and work with properties that we own. We have a significant amount of processing equipment and few vehicles including a portable rig; however we outsource the heavy and sophisticated equipment with our partners.
PGPM - More PR's on the way!
Got this from another board member who called the company this morning:
MY ANSWERS FROM ED MONET:
Very quick response and I'm impressed:
Joseph
Thanks for your email and support, I will try to answer your questions without speculate on details:
1) Can we fully expect additional press releases from the company in the VERY near future? Approximately in the next 5-10 business days?
A: Yes, we hire a IR company in charge of all related issues and activities in the near future.
2) What is their timeframe to have properties developed and producing revs in the next year?
A:We are working towards a goal 250 wells by the end of the year, without incur on additional workforce and debt. This may change if the oil prices increase substantially.
3) What is their capital outlay compared to income prior to these properties producing a viable rev stream? A:Our revenue stream is our working capital, we don't have line of credit or loans. We finance the entire project trough equity.
4) What is their expectations of multiple shallow wells to reduce drill time and costs?
A: The vast majority of our shallow wells where at some point very high producers, have a considerable reserve potential. We finance rework, pulling and rig time with the income generated out of those wells.
5) It was mentioned that they exceeded their previous guidance. What WAS the guidance and can they discuss the new guidance?
A:Our Guidance is the budget establish early last year at $40 barrel our new Guidance is $ 55 barrel for the rest of the year.
6) Are they going to concentrate on crude, or will they be pursuing gas wells as well?
A: At this time only crude, however we are working on a possible join venture with a large oil company to outsource one of our properties with a great Gas potential.
7) Will they be concentrating on shallow holes only?
A: We are pursuing "marginal wells" in general, shallow wells are consider between 800 feet to 2000 feet, we have a large amount of deep wells 3000 feet up to 6000 feet; keep in mind that a "marginal well" for a large company could be 120 bpd, a medium maybe 30 to 50 bpd, for us anything over 2bpd is good and has ROI; our operating cost is really inexpensive.
8) Do they own, or have lease rights to any rigs presently?
A: We own all our leases on 70% or more in most cases and all working interest in the majority of our properties. At this point we only operate and work with properties that we own. We have a significant amount of processing equipment and few vehicles including a portable rig; however we outsource the heavy and sophisticated equipment with our partners.
Called The company - Very Confident
Wow, got this from another board. More PR's to come in 5-10 days:
MY ANSWERS FROM ED MONET:
Very quick response and I'm impressed:
Joseph
Thanks for your email and support, I will try to answer your questions without speculate on details:
1) Can we fully expect additional press releases from the company in the VERY near future? Approximately in the next 5-10 business days?
A: Yes, we hire a IR company in charge of all related issues and activities in the near future.
2) What is their timeframe to have properties developed and producing revs in the next year?
A:We are working towards a goal 250 wells by the end of the year, without incur on additional workforce and debt. This may change if the oil prices increase substantially.
3) What is their capital outlay compared to income prior to these properties producing a viable rev stream? A:Our revenue stream is our working capital, we don't have line of credit or loans. We finance the entire project trough equity.
4) What is their expectations of multiple shallow wells to reduce drill time and costs?
A: The vast majority of our shallow wells where at some point very high producers, have a considerable reserve potential. We finance rework, pulling and rig time with the income generated out of those wells.
5) It was mentioned that they exceeded their previous guidance. What WAS the guidance and can they discuss the new guidance?
A:Our Guidance is the budget establish early last year at $40 barrel our new Guidance is $ 55 barrel for the rest of the year.
6) Are they going to concentrate on crude, or will they be pursuing gas wells as well?
A: At this time only crude, however we are working on a possible join venture with a large oil company to outsource one of our properties with a great Gas potential.
7) Will they be concentrating on shallow holes only?
A: We are pursuing "marginal wells" in general, shallow wells are consider between 800 feet to 2000 feet, we have a large amount of deep wells 3000 feet up to 6000 feet; keep in mind that a "marginal well" for a large company could be 120 bpd, a medium maybe 30 to 50 bpd, for us anything over 2bpd is good and has ROI; our operating cost is really inexpensive.
8) Do they own, or have lease rights to any rigs presently?
A: We own all our leases on 70% or more in most cases and all working interest in the majority of our properties. At this point we only operate and work with properties that we own. We have a significant amount of processing equipment and few vehicles including a portable rig; however we outsource the heavy and sophisticated equipment with our partners.
PGPM will close real strong today after Gap up
PGPM - Another Great day ahead
Looks to be gapping up once again. I don't see it coming back down. Should close for very nice gains today. The last 3 days has built a lot of resistance.
More PR to come very soon.
PGPM for the 4th staright day!
PGPM - ANother Great day ahead
Looks to be gapping up once again. I don't see it coming back down. Should close for very nice gains today. The last 3 days has built a lot of resistance.
More PR to come very soon.
PGPM - ANother Great day ahead
Looks to be gapping up once again. I don't see it coming back down. Should close for very nice gains today. The last 3 days has built a lot of resistance.
More PR to come very soon.
Looks to be gapping again.
I have a feeling this time it won't come down. People want in before the weekend.
I say the close Friday is 28-30 cents easy.
at $0.71 this is a steal!
I can't beleive it is this low on the fantastic news. Stock up guys, I sure will be.
Watch PGPM today - Huge Gap
Get in and Get in quick
Just my opinion, but there seems to be a lot of buzz going on with this company since close yesterday. Confidence is rising and they claim to be putting out several more PR's, with atleast one being within 9 days. This along with the fact that several large sites are featureing then today and a lot of DD has emerged sicne last evening.
Looks like it will open around 16-17 cents this am, but I feel it will take off quickly after. If you are going to get in, get in at the open IMO.
Just watch this this will fly
PGPM gapping to 19 cents already.
Get in and Get in quick
Just my opinion, but there seems to be a lot of buzz going on with this company since close yesterday. Confidence is rising and they claim to be putting out several more PR's, with atleast one being within 9 days. This along with the fact that several large sites are featureing then today and a lot of DD has emerged sicne last evening.
Looks like it will open around 16-17 cents this am, but I feel it will take off quickly after. If you are going to get in, get in at the open IMO.
Just watch this this will fly
PGPM Watch!
Get in and Get in quick
Just my opinion, but there seems to be a lot of buzz going on with this company since close yesterday. Confidence is rising and they claim to be putting out several more PR's, with atleast one being within 9 days. This along with the fact that several large sites are featureing then today and a lot of DD has emerged sicne last evening.
Looks like it will open around 16-17 cents this am, but I feel it will take off quickly after. If you are going to get in, get in at the open IMO.
Just watch this this will fly
Watch PGPM today!
Get in and Get in quick
Just my opinion, but there seems to be a lot of buzz going on with this company since close yesterday. Confidence is rising and they claim to be putting out several more PR's, with atleast one being within 9 days. This along with the fact that several large sites are featureing then today and a lot of DD has emerged sicne last evening.
Looks like it will open around 16-17 cents this am, but I feel it will take off quickly after. If you are going to get in, get in at the open IMO.
Just watch this this will fly