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ZLUS - News out this morning..
CoreStream Energy's Non-Operating Subsidiary Settles All Legal Matters With Patient Safety Technologies
Zealous Asset Management, LLC Resolves $2.4 Million Lawsuit on Behalf of Two Managed Funds
IRVING, TX, Dec 30, 2010 (MARKETWIRE via COMTEX) -- CoreStream Energy, Inc. (PINKSHEETS: ZLUS) announced today that its subsidiary, Zealous Asset Management, LLC (ZAM) and the two funds ZAM manages, Ault Glazer Capital Partners LLC (AGCP) and Zealous Partners LLC (ZP), have settled all legal matters with Patient Safety Technologies, Inc. (PSTX.OB) et al. The lawsuit was filed by ZAM and the funds in Orange County Superior Court, Case Number 30-2010-00424948, on November 16, 2010.
"After the financial crisis of 2008, we made a commitment to our creditors and shareholders to pay off the debt and to resolve legacy issues. We are very pleased that we have resolved this long outstanding and pressing issue," said Milton "Todd" Ault III, managing director of the two hedge funds. "This is a very important moment for the Company. When I became CEO on June 4, 2010, the former CEO, Mr. Ault, made a commitment to the Company to assist in settling all outstanding legacy debt and issues. This marks a major milestone towards that promise and allows all the parties to move onto more important business matters," said Chris Rainbolt, Chairman and CEO of CoreStream Energy, Inc.
The Company expects that the settlement should have a major positive effect on its balance sheet and help the Company reduce its legal costs and obligations. The Company is still assessing the financial implications of this settlement and will discuss some of the effects of the settlement in the upcoming investor update next week. "The last 6 months has exceeded my expectations as we continue to restructure the Company and continue our divestiture efforts. I am very proud of the progress we have made so far," stated Rainbolt.
Zealous Asset Management (ZAM), the managing entity for the two hedge funds, its parent company, Zealous Holdings, Inc. (ZHI), along with its parent, CoreStream Energy, Inc. (ZLUS), f/k/a Zealous, Inc., have all issued a full release and consider this matter closed. With this major issue settled CoreStream Energy, Inc. looks forward to continuing ahead with the complete divestiture of all of its non-Energy related assets and liabilities. The Company will continue to keep its shareholders, its creditors and the public informed as more progress is made and news develops.
And so does CNYC... Major moves coming.. 5-10 bagger from these levels by this time next year... IMHO
Copper at a Near-Term Crossroad
Brett Hartke
Published 12/29/2010
Copper prices have ridden an extraordinary six-month rally to reach all-time highs as the year is ending, prompting some to predict a short-term correction while the longer-term picture remains bullish and intact.
Copper prices (Comex spot December contract) closed at an all-time high of $4.324/lb on Tuesday this week, having soared 51.2% from the June 4 low (close) of $2.860/lb. In December alone this key industrial bellwether metal had gained more than 9% with two days remaining in the year.
The most recent rally is part of a longer term run that stretches to 18 months if the 20% May-June selloff this year is included. During that time, copper has almost tripled from just $1.528/lb (and an even lower intraday level of $1.446/lb) on Jan. 1, 2009.
Renewed hedge fund interest, along with the proliferation of exchange traded funds (ETFs) focused on commodities, are assumed to be affecting copper prices this year to a significant degree, but most market observers note that main driver behind the metal’s meteoric rise is global industrial demand.
The role of speculative ownership in copper should not be understated, however, and has been a growing source of concern in some quarters. Consider that the IPATH Dow Jones-UBS copper ETF (trading on the NYSE under the symbol JJC) soared 54% from a 2010 bottom occurring in May through Tuesday this week, when it reached an intra-day high of $57.67/share. By mid-day Wednesday it had weakened very slightly to $57.50/share.
Regarding the London Metal Exchange, where the cash settlement price for copper was $9,391/metric tonne heading into this week, it was recently indicated that a single party as of last week may own anywhere from half to 79% of current stockpiles of the metal in exchange warehouses (excluding open futures positions). Further, there appears to have been a single dominant owner of copper stockpiles for more than a month.
Copper is currently described as overbought by some market observers and many traders, with the possibility of a near-term correction seen as increasingly likely given copper’s recent run-up. Others predict that record copper prices are already spurring substitution.
But there are no easy substitutes for copper in many major applications, and the build-out of infrastructure currently taking place in China and elsewhere in Asia and other rapidly developing regions is likely to trump incremental savings due to substitution of other metals such as aluminum for certain electrical applications.
Copper also continues to be in relatively short supply. One scenario put forth by Barclays Capital recently forecasts a supply-demand deficit in 2011 of 825,000 tons.
Brett Hartke is a contributor to ResourceInvestor.com who has more than 20 years of experience researching and writing about commodities and the metals markets.
Copper surges to record of $9,447 a tonne
By Jack Farchy
Published: December 29 2010 12:01 | Last updated: December 29 2010 22:32
Copper reached a record high above $9,400 a tonne, resuming its relentless march upwards as the London metals market reopened in bullish spirit after the Christmas break.
The metal, whose widespread use in manufacturing and construction makes it crucial to the global economy, has risen more than 50 per cent since June.
Barclays Capital is predicting that copper will average $9,550 in 2011 while Goldman Sachs has forecast that it will hit $11,000 within 12 months.
On Wednesday, copper for delivery in three months’ time on the London Metal Exchange moved 1 per cent higher to a record $9,447 a tonne, before slipping slightly to $9,410.
The surge in prices is being driven by stunning growth in industrial consumption of copper in China and Europe, while US consumption is bouncing back from the lows of the financial crisis.
At the same time, mine supply is struggling to keep pace with the growth in demand.
Output is falling at older mines and there is little prospect of a significant boost to production from new mines for the next year at least.
In a report on the outlook for the metal next year, Goldman Sachs said: “We expect these drivers will be sufficient to exhaust nearly all exchange inventories over the course of 2011, forcing the market back into a period of demand rationing.”
The prospect of a further rally for copper is attracting investors.
Stephen Briggs, base metals strategist at BNP Paribas in London, said: “Sentiment is so strong for copper. Everybody is bullish – and the argument is pretty persuasive.”
New investment products that would remove physical stocks of metal from the market are helping to stoke the bullish atmosphere.
ETF Securities, a London exchange-traded fund specialist, has launched an ETF on the London Stock Exchange that is backed by physical copper, while JPMorgan and BlackRock have filed plans to do the same in the US.
LME, COMEX copper hit record highs; 41-month peak on Shanghai
Thu Dec 30, 2010 6:10am GMT
SINGAPORE Dec 30 (Reuters) - Copper prices in London and New York surged to record highs on Thursday, while Shanghai futures rallied above 70,000 yuan to its highest in more than three years, powered by worries about supplies going into 2011 and buying by holders of strong Asian currencies.
By 0607 GMT, copper for delivery in three months on the London Metal Exchange stood at $9,539 a tonne, up from $9,400 on Wednesday.
COMEX copper HGc3 hit a record of 437.50 cent/lb, while Shanghai SCFc3 took out last week's 70,000 yuan 33-month peak when it hit 70,660 yuan.
"There is a little bit of buying from Japan. It's a holiday there, but they left some orders with us to take advantage of the stronger yen," a trader in Sydney said. (Reporting by Nick Trevethan; Editing by Himani Sarkar)
An article of interest just describing how hot copper is right now..
Multi-million dollar projects to watch in 2011
Written by Jeff Mbanga
Wednesday, 29 December 2010 18:51
Kilembe mines Ltd
Out of business for more than three decades, efforts to get Kilembe Mines Limited back in mining business are to be renewed in 2011. Transaction advisors have almost completed the paperwork on the viability of mining copper at Kilembe that investors will need to base their decisions to invest.
The Privatisation Unit, the body in charge of Kilembe Mines Limited’s divesture, says that more than 40 companies had expressed interest in the Kasese-based company.
The growing interest in the run-down facility is partly being driven by rising copper prices on the world market, analysts say. A ton of copper is expected to hit the $10,000 mark within the next two years. There are an estimated four million tons of copper ore in Kilembe.
http://www.observer.ug/index.php?option=com_content&view=article&id=11519:multi-million-dollar-projects-to-watch-in-2011&catid=38:business&Itemid=68
Copper May Extend Rally, Reach Record $11,000 in 2011: Technical Analysis
By Sungwoo Park - Dec 29, 2010
Copper, which has surged 27 percent this year, may extend a rally to reach a record $11,000 a metric ton in the first half of next year, according to a technical analyst with Samsung Securities Co.
The metal is likely to remain on an uptrend in a pattern of higher peaks and higher valleys, and may touch $11,000, based on Fibonacci projections, said Seoul-based You Seung Min at the brokerage unit of South Korea’s largest family run conglomerate. Prices steadied above the 50-day moving average and copper’s weekly moving average converge/diverge, or MACD, remained above the signal line since August, showing the ascending trend is “stable,” he said.
“Copper’s uptrend grew stronger since summer and the rally doesn’t look overdone,” said You, who correctly forecast in August that the metal would rise to more than the closing high of $7,990 in the second half. “The trend looks very stable and will continue through next year.”
Copper for three-month delivery surged to an all-time high $9,447 yesterday and is poised for a second annual gain as demand from emerging markets reduced inventories. The contract traded little changed at $9,394.75 a ton by 10:04 a.m. in Singapore. Copper use will outpace supply by 825,000 tons next year, according to Barclays Capital. The metal may rise to $10,475 next year, according to traders and investors surveyed by Bloomberg News.
In technical analysis, investors and analysts study charts of trading patterns and prices to predict changes in a security, commodity, currency or index. Fibonacci analysis is based on the theory that prices tend to drop or climb by certain percentages after reaching a high or low.
To contact the reporter on this story: Sungwoo Park in Seoul at spark47@bloomberg.net.
To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net
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USUN - 1.01 x 1.25
1,300,000 shares as of November 5, 2010
Float = 471,900
Current management, along with two shareholders, one of whom is the brother of the CEO, have 63.7% control of the issued and outstanding shares of our common stock
1.01 2000 OBB 07/06
1.00 1300 OBB 06/25
1.00 1300 OBB 06/21
1.50 500 OBB 04/23
1.50 500 OBB 04/15
lol - I said "May" - It'll probably happen anyway...
I did say on Monday, that ZLUS would be at .005 or higher by close on Friday ;0
.0045's should be up soon.. IMHO
I agree... I like today's action. eom
lol - I was joking..
Yep - Now look at it .004 x .0041 now.. lol
ZLUS - It was a battle to break .0039 - Wait a few minutes to cool down. Next wave gets us to .0045
I usually am....
lol - J/k - ZLUS is looking so sweeeeeet ;)
ZLUS - .004's might be up very soon. eom
A true POS... Thanks for the info...
Nice volume in this range.. eom
ICMC - .25 x .48 - Watching...
0.48 100 OBB 12/22
0.29 100 OBB 12/22
0.045 312 OBB 12/22
0.48 100 OBB 12/20
0.045 234 OBB 12/20
0.48 100 OBB 12/16
0.045 1000 OBB 12/16
0.48 100 OBB 12/15
0.48 100 OBB 12/15
0.04 999 OBB 12/15
0.48 100 OBB 12/08
0.44 100 OBB 12/08
0.052 200 OBB 12/08
0.052 100 OBB 12/08
0.05 399 OBB 12/08
0.48 300 OBB 12/08
0.48 100 OBB 12/07
0.025 123 OBB 12/07
0.48 100 OBB 11/29
0.03 498 OBB 11/29
0.50 100 OBB 11/29
0.40 100 OBB 11/29
0.35 100 OBB 11/29
0.50 100 OBB 11/24
0.012 498 OBB 11/24
0.50 100 OBB 11/16
0.22 198 OBB 11/16
0.50 100 OBB 11/15
0.25 261 OBB 11/15
0.12 400 OBB 11/15
Sweeeet! Looking good...
Someone thru Etrade has a few to sell at .28. PPS Keeps inching higher ;)
STVI - I haven't kept up with it, but what a hell of a move..
Henderson, Nevada, December 29, 2010 - Global General Technologies Inc. (GLGT; http://www.glgt-corporate.com/ ) would like to provide a corporate update on the upcoming merger with the China-based solar panel manufacturer.
These are several things that will execute in the next several weeks: The company will continue with creation of the Belize SPC, will report on the facility including number of staff, post photos of the facility on GLGT website, etc. ZhiHua Co-Channel Hi-Tech Co., Ltd. is also in the process of building a new company website, and the new incoming CEO of GLGT will address the GLGT shareholders as these plans materialize.
The merger candidate, ZhiHua Co-Channel Hi-Tech Co., Ltd., is China's most dynamic solar panel company, focusing on the production of high quality solar energy cell monocrystalline silicon chips, with solid silicon production. ZhiHua currently has nearly 100 employees, its engineering works cover an area of 32,000 square meters, and its building size is 2 million square meters.
http://www.minamargroup.net/support/index.php?_m=news&_a=viewnews&newsid=595
SUFF - .02 x .04
Shares Outstanding 153,754,865 a/o Nov 08, 2010
Float 53,754,865 a/o Nov 08, 2010
SUFFER (PINKSHEETS: SUFF)
http://www.sufferapparel.com/
SUFFER President Joseph Lewis today announced that SUFFER has an signed a Letter of Intent with Gold's Gym to sell its apparel and fight gear line in Gold's Gym Locations. Furthermore Mr. Lewis anticipates the first order to possibly arrive today.
SUFFER Director Frank Mir also stated, "Gold's Gym in itself is a great place to promote and market our merchandise, furthermore Gold's also has been adding Tapout Training Centers to some of its locations due to the demand for people wanting to incorporate Mixed Martial Arts into their workout regimen. This is a great fit for us and we plan on promoting SUFFER by hosting live events at their clubs early in the first quarter 2011."
SUFFER recently launched its enhanced apparel website now offering a large selection of "SUFFER" brand merchandise and soon to follow "Fight Gear" products. www.sufferapparel.com
About Gold's Gym
More than 45 years ago, Joe Gold opened a modest fitness center in Venice Beach, California and began a tradition of commitment, passion and dedication that is now practiced at more than 600 locations worldwide. For more information please see www.goldsgym.com
0.02 5000 OTO 11:27:28
0.03 500 OTO 10:13:48
0.019 10000 OTO 12/28
0.019 10000 OTO 12/28
0.019 1500 OTO 12/28
0.03 1000 OTO 12/28
0.019 30000 OTO 12/27
0.019 10000 OTO 12/27
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0.019 10000 OTO 12/27
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0.019 20000 OTO 12/23
0.015 20000 OTO 12/23
0.015 1000 OTO 12/23
0.019 7500 OTO 12/23
0.019 100 OTO 12/22
0.01 100 OTO 12/22
0.019 5000 OTO 12/21
0.019 200 OTO 12/21
0.01 200 OTO 12/21
0.01 250 OTO 12/20
0.015 500 OTO 12/16
0.01 53166 OTO 12/16
0.015 5000 OTO 12/16
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0.021 10000 OTO 12/16
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0.02 5000 OTO 12/16
.26 x .29 now. I don't recall the Bid being as high as this before ;)
Impressive! And it will continue.. IMHO
I'm glad I'm not alone in what I'm seeing.. I seriously think it'll run to .02-.03 for a start... As crazy as it may sound.. JMHO
I really like stocks like this one as well...
CNNC - 1.01 x 22,222 now.
Still haven't figured out how they affected a F/S... Or if they believe they did and it actually hasn't happened yet...
1.29 2000 OBB 10:29:58
1.29 500 OBB 10:28:59
1.12 500 OBB 12/28
1.12 1500 OBB 12/28
1.20 500 OBB 12/27
1.21 500 OBB 12/27
1.21 1000 OBB 12/27
1.21 500 OBB 12/27
1.21 500 OBB 12/27
1.13 5200 OBB 12/23
1.12 5200 OBB 12/23
1.08 4600 OBB 12/23
1.00 2500 OBB 09/16
0.99 2500 OBB 09/16
1.00 500 OBB 06/29
1.02 500 OBB 06/29
1.02 2000 OBB 12/22
1.00 2000 OBB 12/22
Looks real good... Time & Sales
0.15 5000 OBB 11:05:41
0.011 500 OBB 07/30
0.01 5000 OBB 05/18
0.05 5000 OBB 04/26
0.05 5000 OBB 04/26
0.05 10000 OBB 04/26
0.18 650 OBB 10/16
0.05 15500 OBB 05/13
0.05 5000 OBB 05/11
0.05 6900 OBB 03/24
0.05 5000 OBB 12/10
0.02 1000 OBB 11/19
0.02 1000 OBB 11/19
0.05 1000 OBB 11/14
0.04 5000 OBB 10/30
0.06 10000 OBB 10/21
0.06 10000 OBB 10/21
0.06 20500 OBB 09/22
0.07 5000 OBB 08/01
0.07 5000 OBB 06/30
0.05 16000 OBB 06/20
0.06 10000 OBB 06/20
0.10 5000 OBB 06/05
0.10 5000 OBB 06/05
0.20 5000 OBB 03/04
0.15 5000 OBB 03/04
0.20 5000 OBB 03/04
0.20 5000 OBB 03/04
0.20 5000 OBB 02/27
0.20 500 OBB 02/12
CNYC - .25 x .29 now. I truly expect this one to trade around $2.00 by this time next year....
Don't be a hater and doubt me....
Dijeetyet, Do you see the similarities between the SRSR's run and what is shaping up with ZLUS? The story and share struture are quite similar.. Hope this pans out in similar fashion for us ;)
ZLUS - May break .005 today.. eom
ZLUS - .0037 x .0039 now. eom
ZLUS - .0035's getting slapped around..
RRPH - .0031 x .0039 - Doing well so far. I think there is a R/S coming, but some of these type of plays do well... Just never know..
Yep - We'll see how it plays out. Will be more interested with it off of the greys..
MCHU - .03 x .039
Shares Outstanding 109,927,803 a/o Sep 30, 2010
Authorized Shares 1,900,000,000 a/o Sep 30, 2010
Microholdings US (PINKSHEETS: MCHU) announced today that it has signed a definitive agreement to purchase The Racers Edge, Inc.
Microholdings US is a Public Holding Company positioned for new mergers and/or acquisitions. The company has currently signed a definitive agreement to purchase The Racers Edge, Inc. The Racers Edge Company is in Performance and Pain management for everyone from Pro Athletes to the average person with chronic pain. Microholdings US Inc. will seek to expand the marketing and sale of the Racers Edge Products through mass media marketing in 2011.
James Wheeler, Chairman/CEO, stated: "We are pleased to announce our due diligence is complete and we have signed a definitive agreement to purchase The Racers Edge Inc." Mr. Wheeler continues: "We are excited about the Racers Edge products and feel that they will increase the revenue of Microholdings significantly in the upcoming year, management also believes it will bring shareholder value back to MCHU." The closing will take place on January 1, 2011 to make the financial reporting easier on both companies. For more information visit our company web-sites at www.microholdingsus.com or www.theracersedge.us.
About Microholdings US, Inc.
Microholdings US, Inc. is incorporated in the state of Oklahoma and has been in operation since October 1998. It is currently a publicly traded company, trading on the pinksheets under the symbol: MCHU.pk.
For more information on Microholdings US Inc. contact investor@microholdingsus.com or visit Pinksheets.com (http://premierstocks.tv/images/company_links/mchu.pdf) for the latest available company information.
About The Racers Edge, Inc.:
THE RACERS EDGE Products were created out of a need for a safe alternative to "over the counter" or prescribed medications to provide energy, stamina, and pain relief for athletes.
The Pain Relief / Pain Management Hologram Patches, circular in appearance, are designed to reduce aches and pains of those suffering from minor everyday aches to chronic discomforts from injury.
The Energy / Performance Hologram Patches are roughly half the size of a standard postage stamp and have all the energy of a sugar and caffeine-laden energy drink without any harmful ingredients or chemicals entering the body and without the crashes.
I agree. 163,000 O/S as of August 10, 2010.
50,000 = Beneficial Ownership
113,000 = Float
You're taking your time with CNYC... You'll get it there.. lol