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EIA Natural Gas Inventory: +12 Bcf vs. +6 Bcf expected, -45 Bcf last week
Be very quiet until report shhhh... Got me some $6.88 was hoping to get more lower...
Item 1.01 Entry into a Material Definitive Agreement
On March 20, 2015 Regen Biopharma, Inc. agreed to sublease 199 square feet of laboratory space located at 5310 Eastgate Mall, San Diego, CA 92121 from Human BioMolecular Research Institute (“Sublease Agreement”). Pursuant to the terms of the Sublease Agreement Regen Biopharma, Inc. will pay rent of $400 per month to Human BioMolecular Research Institute (“HBRI”) . The term of the sublease shall be from March 9, 2015 to September 8, 2015 (a period of 6 months) and will automatically renew thereafter for the same 6 month term unless written notice is received by HBRI within 60 days prior to renewal.
The foregoing description of the Sublease Agreement is not complete and is qualified in its entirety by reference to the text of the Sublease Agreement which is attached to this Current Report on Form 8-K as Exhibit 10.3 and incorporated in this Item 1.01 by reference.
On March 20, 2015 Regen Biopharma, Inc entered into a Research Agreement with HBRI wherein HBRI agreed to provide a variety of professional, scientific and technical services for the proper conduct of research by Regen Biopharma, Inc. and also to make available certain research equipment to Regen Biopharma, Inc. The term of the agreement shall be from March 9, 2015 to September 8, 2015 (a period of 6 months) and will automatically renew thereafter for the same 6 month term unless written notice is received by HBRI within 60 days prior to renewal. As consideration Regen Biopharma, Inc shall pay a monthly fee of $2,700 to HBRI over the term of the agreement.
The foregoing description of the agreement is not complete and is qualified in its entirety by reference to the text of the Agreement which is attached to this Current Report on Form 8-K as Exhibit 10.4 and incorporated in this Item 3.02 by reference.
On March 23, 2015, Massive Interactive, Inc. (the “Company”) closed on private offerings of secured convertible promissory notes (each a “Note” and collectively, the “Notes”) in the aggregate amount of $636,310 to multiple investors including the Company’s Chairman of the Board of Directors and Chief Executive Officer (Ron Downey) and Chief Creative officer (Derek Ellis). The offerings, made pursuant to note subscription agreements, represent initial closings in the Company’s private placement of up to $2,000,000 (the “Private Placement”). The note subscription agreements contain certain customary representations and warranties.
The Notes are secured by a first priority lien on all the Company’s assets pursuant to a security agreement among the Company and the Note holders. The Notes bear interest at an annual rate of 12% and mature on the first to occur of (i) December 31, 2015, (ii) certain change in control transactions (each a “Deemed Liquidation Event”), or (iii) the closing of the next issuance and sale of capital stock of the Company resulting in gross proceeds to the Company of at least $2,000,000 (a “Qualified Financing”).
In the event of a Deemed Liquidation Event, the Company will pay each Note holder an additional purchase premium equal to 100% of the principal amount of such holder’s Note. In the event any of the Notes remain outstanding and unpaid after December 31, 2015, the Company will pay the Note holder monthly liquidated damages payments equal to 1% of the original principal amount of the Note for each month that such Note remains unsatisfied, up to a cap of 12%. Upon the closing of a Qualified Financing, each Note holder will have the option to convert the principal and accrued but unpaid interest on their Note into shares of the securities sold in the Qualified Financing at a 20% discount to the lowest price paid by any investor in the Qualified Financing.
The outstanding principal and accrued but unpaid interest on all Notes may be prepaid by the Company without penalty with the prior written consent of the holders of a majority in interest of the then outstanding principal amounts of the Notes. The Notes will fall into default in certain customary events and, in addition, if Mr. Downey ceases to be the sole member of the Company's Board of Directors and Chief Executive Officer of the Company. Upon certain events of default, all then outstanding principal and accrued interest on the Notes automatically will become immediately due and payable.
The Notes provide for piggyback registration rights whereby the Company must notify all holders of capital stock issued upon the conversion of the Notes (the “Registrable Securities”) in writing at least 15 days prior to the filing of any registration statement on Form S-1 (not including the next public offering of securities of the Company) and will afford each holder of Registrable Securities an opportunity to include in such registration statement all or part of such holder’s Registrable Securities.
The Notes were offered and sold in the Private Placement without registration under the Securities Act of 1933, as amended (the “Securities Act”) in reliance on the exemption provided by Section 4(a)(2) of the Securities Act as provided in Rule 506(b) of Regulation D promulgated thereunder.
2
The foregoing description of the Notes, note subscription agreements and security agreement is qualified in its entirety by reference to the form of such agreements, copies of which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2015.
The information contained in this Current Report on Form 8-K is provided pursuant to Rule 135C of the Securities Act and does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
Grabbed a few $6.89's wish I could get more lower
Took my loss...watching for entry somewhere se
Yes
And
LOL
I hope it goes up in the a.m cause right now NG is down 3 cents from the close...I wish I could just sleep...
NG down .013 ah hope it starts heading back up tomorrow...
2.5 million buy!
Market
16:42:01 t 2.72 4600 EDGX
16:41:29 t 2.72 700 NDD
16:39:15 t 2.71 100 EDGX
16:39:14 t 2.72 700 NDD
16:37:07 t 2.72 2600 NSD
16:37:07 t 2.72 1400 BOS
16:36:06 b 2.7359 2450000
Might have to change your name to NG Moneymaker!
After I saw the volume and big buy at close yesterday I picked up some $2.63's after market. Looking good, hoping with you for a couple day rally!
Congrats!! Another bundle of joy!
Got out in the $2.60's. Will wait for entry in UGAZ or DGAZ today.
Right after I said how boring it was NG started to go up. LOL! My $2.50's are looking pretty good now!
I have a bid in at .82 now. I have a good feeling about this!
Feels like I'm watching paint dry today!
Who dumped those shares? Lol! Me thinks you'll be sorry!
Got me a few at $2.50
Just got out at $7.06. Scared to go on the long side yet.
$2.761 right now come on go down! I don't have many shares here but I bought a few after hours on Friday at 6.48.
Wow! I shouldn't have checked back in! I could have been a few hundred richer! Congrats to holders!
Out of all at $6.10 see you guys next week!
Sold half at $6--lock in da profits!!
Looking nice! Resisting the urge to sell for now.
Looking good! Let's go FdA!
Grabbed some $5.76's
Update on Global Clean Energy, Inc.’s PGM Acquisition
Mar 19, 2015
OTC Disclosure & News Service
Humble, TX -
HOUSTON, TX, March 19, 2015; Global Clean Energy, Inc. (OTC PINK: GCEI) is moving ahead with its acquisition in the PGM industry.
The company has executed a binding financial term sheet for the capital funding required to proceed with the acquisition. The capital will be used by GCE to acquire the target company and fund their rapid growth in the sector. GCE is in final due diligence and expects the transaction to be completed within 60 days.
It is estimated that 15-20% of the world’s PGM is recovered from spent auto-catalysts and that this represents three-quarters of the total secondary PGM supply. In the North American market, where the use of catalytic converters has been mandated for more than 30 years, recovered metal now accounts for more than half of the platinum required for the manufacture of new catalytic converters. Supply concerns due to the South African platinum miners’ strike and fears of sanctions against Russia, the world’s largest producer of the metals are driving the demand for recovered PGM on a global scale. GCE plans to expand operations within North and South America.
“GCE’s acquisition demonstrates the company’s confidence in the sector and its strategy to become one of the fastest growing firms in the industry. The company will introduce new programs into a very lucrative, yet fragmented industry, ripe for consolidation,” says Brian Levine, GCE’s COO.
The company is in the final stages of the resolution of AMF requirements to resume trading in Canada. GCE has engaged Canadian Auditors to complete IFRS filings and is comfortable that this will be resolved early Q2 2015.
Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain sections of the Securities Act 1933 and the Securities Exchange Act 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting Global Clean Energy, Inc. and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein. Global Clean Energy Inc. will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
GLOBAL CLEAN ENERGY, INC.
Investor Relations
713-852-7474
www.globalcleanenergy.net
Copyright © 2015 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
These swings are amazing! Good job!
Sold 2/3rds at $6.49. Will ride the rest for a while.
Lol!! Thats really funny! Dgaz to da moon!!
• EIA Natural Gas Inventory: -45 Bcf vs. -48 Bcf expected, -198 Bcf last week.
Added a little at 5.90
Wow not what I expected
Back in at $6.27!
I'm glad I copied you!
Looking good so far today!!! Hoping we hit $7 then I'll get out and see what happens with tomorrow's report.
Just grabbed some $6.25's
Wow nice!! Wish I would have caught some of those!!