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EARNINGS WATCH: ASCENT SOLAR TECHNOLOGIES IS SCHEDULED TO REPORT ITS QUARTERLY RESULTS IN 4 DAYS (ASTI)
May 02, 2011 (SmarTrend(R) News Watch via COMTEX) -- Analysts, on average, expect Ascent Solar Technologies (NASDAQ:ASTI) to report a loss of $0.25 per share on sales of $2 million on May 06, 2011.
For the full year, analysts expect the company to post a loss of $0.85. In the year-ago period, the company reported a loss of $0.24 on sales of $216 thousand.
In the previous quarter, the company reported a loss of $0.33, missing consensus estimates for a loss of $0.25.
SmarTrend currently has shares of Ascent Solar Technologies in an Downtrend and issued the Downtrend alert on November 11, 2010 at $3.97. The stock has fallen 59.4% since the Downtrend alert was issued.
http://www.zacks.com/research/get_news.php?id=122l4412
My pick for next wk aghd @ .0002
ty
Ya'll have a wonderful w/e'!'
;)
My pick for next wk aghd @ .0002
ty
Ya'll have a wonderful Easter Holiday w/e!
;)
First-quarter 2011 Financial Highlights:
First-quarter operating earnings were $3.6 billion, up 58% from $2.3 billion in the first quarter of 2010 and operating EPS was $0.33, up 65% from $0.20 in the first quarter of last year. Segment profit increased 36% compared with the first quarter of 2010, as increases of more than 200% at GE Capital, 37% at Transportation, 7% at Healthcare and 5% at Aviation more than offset a 7% earnings decline at Energy Infrastructure.
Including the effects of discontinued operations, first-quarter net earnings attributable to GE were $3.4 billion ($0.31 per share attributable to common shareowners) in 2011 compared with $1.9 billion ($0.17 per share attributable to common shareowners) in the first quarter of 2010.
First-quarter revenues increased 6% to $38.4 billion. GE Capital Services’ (GECS) revenues increased 3% from last year to $13.2 billion. Industrial sales of $22.1 billion decreased 6% versus 2010.
Cash generated from GE Industrial operating activities in first quarter 2011 totaled $1.7 billion, down 34% from $2.6 billion in the first quarter of 2010.[/b]
...what will 2nd, 3rd & 4th Qtr. bring? this is so WOW!
;)
Easter spoonage...
..started early for these two...
EASTER EGGS...
...now YOU know! (which one came first, the chicken or the egg?)
Have a wonderful Easter Holiday w/e
;)
Coeur d'Alene Mines Corporation (CDE) said Friday (4/15) that it has been assured by the Bolivian government that its San Bartolome mine won't be subject to any proposed nationalization in the South American country.
Bolivian Mining Minister Jose Pimentel told Coeur Manquiri and members of the Federation of Mining Workers Trade Union Thursday that "Manquiri will not be nationalized," Humberto Rada, President of Coeur South America and Coeur Manquiri, the subsidiary of Coeur that operates San Bartolome said in a statement.
All surface mining and silver production at San Bartolome are operating as usual, the company said
...do Governments change ?
;)
another invaluable tool...
...hindsight...
missed one ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62138874
Busy weekend...
...do you have room for one more...
Passover
SLV...A recent report released from The Silver Institute entitled...
... "The Future of Silver Industrial Demand" estimates that the amount of silver used for industrial purposes is forecast to rise to 665.9 million ounces by 2015, which would be a 36 percent increase from the 487 million used in 2010.
HOW GOLDMAN SACHS CAME TO RULE THE WORLD
'William Cohan, author of “Money and Power: How Goldman Sachs Came to Rule the World”, sat down with The Daily Ticker to discuss how Goldman Sachs has taken advantage of the mass financialization of the USA and created the perfect money making business in the process:'
via The Daily Ticker...
http://pragcap.com/how-goldman-sachs-came-to-rule-the-world
7:01 Min
A W E S O M E ! ! ! ...for a conspiracy book...(?)
...I suppose for a read, this one might be worth while.
;)
How much will this hurt when it opens...(?)
...& the length of time ? ugh
The following statement was issued today by the law firm of Barroway Topaz Kessler Meltzer & Check, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of New York on behalf of purchasers of the securities of Puda Coal, Inc. (AMEX: PUDA) ("Puda" or the "Company"), who purchased or otherwise acquired Puda securities between November 13, 2009 and April 11, 2011, inclusive (the "Class Period"), including purchasers of the Company's securities who acquired their securities pursuant or traceable to the Company's equity offering (the "Offering") on or about December 8, 2010. If you are a member of this class, you can view a copy of the Complaint or join this class action online at http://www.btkmc.com/cases/puda/.
Members of the class may, not later than June 13, 2011, move the Court to serve as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Barroway Topaz Kessler Meltzer & Check, LLP (Darren J. Check, Esq. or David M. Promisloff, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@btkmc.com. For additional information about this lawsuit, or to join the class action online, please visit http://www.btkmc.com/cases/puda/.
'ut-oh'...http://rosenlegal.com
The Rosen Law Firm, P.A. reminds investors of the important May 31, 2011 lead plaintiff deadline in the securities action filed by the firm. If you purchased the common stock of Advanced Battery Technologies, Inc. (Nasdaq:ABAT) during the period from March 16, 2009 through March 29, 2011 (the "Class Period"), you should contact the Rosen Law Firm for more information about the importance of serving as lead plaintiff. The lawsuit is seeking to recover damages for investors from violations of federal securities laws.
To join the Advanced Battery class action, visit the Rosen Law Firm's website at http://rosenlegal.com, or call Laurence Rosen, Esq. or Timothy Brown, Esq. toll-free, at 866-767-3653; you may also email lrosen@rosenlegal.com, or tbrown@rosenlegal.com for information on the class action.
The Complaint alleges that the Company made a number of misrepresentations in its public filings with the Securities Exchange Commission and in its press releases. Namely, that: (1) the Company's misrepresented certain of its distribution arrangements; (2) that Advanced Battery paid $1.5 million to acquire another company that appears to be fake because its location and existence could not be verified; (3) that Advanced Battery paid $20 million to purchase a company, but failed to disclose the related party nature of the transaction; and (4) the Company misrepresented that it owned a Company subsidiary when it did not, or the Company failed to disclose that the Company entered into a related party transaction with the Company's Chairman and CEO which resulted in the owner of that subsidiary being the Chairman and CEO, and not Advanced Battery.
On March 30, 2011 an analyst firm called Variant View Research issued a detailed report revealing the adverse information to the market. When these details of the Company's financial condition came to light on March 30, 2011, the price of Advanced Battery's stock fell over 40%, damaging investors.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may choose to do nothing at this point and remain an absent class member.
If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Timothy Brown, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at, or lrosen@rosenlegal.com or tbrown@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
'ut oh'...http://rosenlegal.com
The Rosen Law Firm, P.A. reminds investors of the important May 31, 2011 lead plaintiff deadline in the securities action filed by the firm. If you purchased securities of NIVS IntelliMedia Technology Group, Inc. (AMEX:NIV) during the period from March 24, 2010 through March 25, 2011, including stock through the Company's public offering that closed on April 23, 2010, you should contact the Rosen Law Firm for more information about the importance of serving as lead plaintiff. The lawsuit is seeking to recover damages for investors from violations of federal securities laws.
To join the NIVS class action, visit the firm's website at http://rosenlegal.com, or call Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
The Complaint asserts violations of the federal securities laws against NIVS and its officers and directors for misrepresenting the true financial condition of the Company. On March 25, 2011 the Company filed an 8-K with the SEC revealing that the Company's auditor MaloneBailey LLP ("MB") had resigned in connection with "significant difficulties encountered during the 2010 audit." MB "suspected accounting irregularities and fraud at NIVS..." As a result, the Company announced that its financial statements included in the Company's annual report for the year ended December 31, 2009 and interim periods for the first three quarters of 2010 should not be relied upon by investors. MB also found that it could no longer rely upon the Company's management representations. Since March 24, 2011 trading in the Company's stock has been halted, effectively rendering the Company's stock illiquid and damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.
Obtained thru University of Cincinnati for exclusive worldwide rights to a portfolio of U.S. and international patents,...
... which includes certain patents covering genetic markers for the Company’s lead drug candidate, GencaroTM (bucindolol hydrochloride), which is being developed for the treatment of chronic heart failure.
;)
'three for one forward split'....
...April 19 !
:)
Southridge Enterprises Inc. ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc.,...
... its wholly owned subsidiary has signed a binding letter of intent to acquire 80% of the Los Compadres ("Compadre") Gold and Silver property located in the highly prospective area of Santa Maria del Oro in Nayarit, Mexico. A definitive agreement is expected to be signed by May 15, 2011 following a due diligence period.
The Compadre property covers 3,900 hectares. Results from previous sampling vary from 176 to 1,825 grams of silver (Ag) per ton and 2.13 to 20.94 grams of gold (Au) per ton. Mineralization is observed throughout an isolated area that ranges over distance of over 4 km in a horizontal direction that goes from 800m in the El Liso zone up to 1600m in Las Olas area.
The property is located in the Municipality of Santa Maria del Oro, southeast in the state of Nayarit. The Los Compadres area is located one kilometer north of the town of Santa Maria del Oro and around 35 km southeast of the city of Tepic. Access is by paved road starting from the city of Guadalajara, Jalisco towards the city of Tepic, Nayarit until the exit to Santa Maria del Oro (approx. 180 km).
For further information on the Company's Gold and Silver projects, visit our website, www.southridgeminerals.com.
Investors can access the following Southridge Minerals social media channels:
Facebook (http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466)
Twitter (http://twitter.com/SouthridgeSRGE)
YouTube Cinco Minas Project (
'ut-oh'... http://www.rosenlegal.com
The Rosen Law Firm, P.A. announces that it has filed a class action lawsuit on behalf of investors who purchased the securities of Artificial Life, Inc. (OTCBB: ALIF) during the period from May 5, 2010 to April 6, 2011 and is seeking to recover investors' damages from violations of federal securities laws.
To join the Artificial Life class action, visit the Rosen Law Firm's website at http://www.rosenlegal.com, or call Jonathan Horne, Esq., toll-free, at 866-767-3653; you may also email jhorne@rosenlegal.com for information on the class action. The case is pending in the United States District Court for the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
On April 13, 2010, the Company engaged KPMG to be its accountant. When conducting the audit for FY 2010, KPMG disagreed with the Company over the Company's accounting treatment of reserves for account receivables and revenue recognition, preventing KPMG from issuing an unqualified opinion. The Company refused to alter the accounting treatment of these entries, and dismissed KPMG on April 6, 2011. On April 7, 2011, the Company's stock price fell over 25%, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than June 14, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Jonathan Horne, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at jhorne@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
'ut-oh'.... http://rosenlegal.com
The Rosen Law Firm, P.A. today announced an update on the class action lawsuit the firm filed on behalf of investors who purchased the securities of China Electric Motor, Inc. (Nasdaq:CELM) in the period from January 29, 2010 to March 30, 2011, to recover damages for violations of federal securities laws.
To join the China Electric Motor class action, visit the firm's website at http://rosenlegal.com, or call Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
Since the filing of first-case by the Rosen Law Firm, China Electric Motor announced on April 11, 2011 that it is now the subject of a formal nonpublic SEC investigation into whether the Company had violated the federal securities laws. The announcement revealed that the Company received a letter from the NASDAQ indicating that the Company was not in compliance with NASDAQ rules because the Company had failed to, among other things, timely file its annual report with the SEC.
"We believe the latest announcement of a formal SEC investigation corroborates the securities fraud claims alleged in our class action seeking monetary relief for shareholders," said Laurence Rosen.
If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.
"additional information requested"
until then....'delisted'
...what is this "additional information requested"...(?)
;)
"additional information requested"
until then....
...what is this "additional information requested"...(?)
;)
Unfortunately, Newmont was unable...
... to obtain the required U.S. Forest Service drilling permit until the end of the 2010 drilling season so Newmont's highest priority targets remain untested,...
... but now permitted.
:)
SulphCo Announces Plan to...
... Implement Workforce Reductions...
... and Pursue Strategic Alternatives...(?)
April 20, 2011....(?)
;(
GE Capital supports 'old fashioned shaving bunnies'...(DQ)
GE Capital, Franchise Finance Provides $26.5 Million to Dairy Queen® Franchisee
GE Capital, Franchise Finance has provided a $26.5 million credit facility to Frauenshuh Hospitality Group, a major Dairy Queen® franchisee. The facility includes a $24 million term loan and a $2.5 million development line of credit, and will be used to finance the acquisition of 58 additional Dairy Queen units. A portion of the funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.
“We really appreciate that GE Capital was able to close this complex transaction on time and on budget,” said Matthew Frauenshuh, CEO, Frauenshuh Hospitality Group. “Our relationship with GE Capital will be important to us as we continue to grow.”
Frauenshuh currently operates 61 Dairy Queen units, under the name Fourteen Foods, located in the upper-Midwest, with locations in Minnesota, Iowa, Wisconsin, Nebraska, and South Dakota. With this funding, the Frauenshuh family is acquiring 58 additional Dairy Queen units in Kentucky and Indiana, making them the largest Dairy Queen franchisee. “We are excited to work with Frauenshuh Hospitality,” said Paul Cantieri, senior vice president, GE Capital, Franchise Finance. “Their passion for the business and desire to grow will create lots of opportunities to work together in the years ahead.”
Dairy Queen® restaurants are independently owned and operated franchise locations. With more than 5,700 units in 19 countries, Dairy Queen is one of the largest soft serve franchises in the world.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $12 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).
My pick for next wk aghd @ .0001
ty
Ya'll have a wonderful w/e!
;)
GE returns billions to public... Not
USA Today and the Associated Press fall for a prank article by activist group US Uncut, causing General Electric stock to plummet billions.
US Uncut, a burgeoning grassroots movement pressuring corporate tax cheats to pay their fair share, posted today a fake GE press release announcing that they would return their illegitimate (but legal) $3.2 billion tax refund, and that they would lobby to close the sort of corporate tax loopholes that had allowed them to skip taxes in the first place. Several major media outlets, including USA Today, ran the story as true. (Here is a link to the original USA Today story; here is the first article debunking the release.)
US Uncut quickly reacted with another release pretending to praise GE for this entirely unpredictable, unlikely, and in fact impossible act.
"This action showed us how the world could work," said US Uncut spokesperson Carl Gibson. "For a brief moment people believed that the biggest corporate tax dodger had a change of heart and actually did the right thing. But the only way anything like this is really going to happen is if we change the laws that allow corporate tax avoidance in the first place."
In the period the hoax was believed, GE's stock plunged by .6% (far more than the value of the supposed return), then quickly recovered as soon as it became apparent the press had been duped. "Obviously, GE can't possibly be expected to do the right thing voluntarily; their stock would keep plunging," noted Gibson. "That's why we must change the law.""GE's tax avoidance is unpatriotic, it's undemocratic, it's unfair," said Andrew Boyd, a US Uncut spokesperson. "It might be legal, but that's only because GE has used its money and lobbying influence to buy the loopholes they're now taking advantage of."
US Uncut developed the project with help from the Yes Lab (http://www.yeslab.org/).
US Uncut, a grassroots movement organized through social media, connects corporate tax cheating to cuts in valuable public services. The group has lead over 100 actions nationwide against corporations who do not pay their fair share in taxes, bringing protests directly to the front door of corporate retail stores. US Uncut will hold more than 80 such events over the course of the upcoming Tax Day weekend.
"Billionaire corporations profit from the system of public services set-up by the government. It only makes sense for them to pay their fair share, just like everyone else," said Gibson. "No corporation is an island, even if they hide all their profits in tropical tax havens."
"While we all pay our taxes this weekend, Congress just passed the largest spending cuts in US history, much of it to social programs and investments for our country's future," said US Uncut DC organizer George Taghi, "Instead of slashing public services like Head Start and Pell Grants, why not go after corporations who don't bother to pay any taxes at all?"
Composed of self-organized citizens through social media, including Facebook and Twitter, the magnetic message of US Uncut has spread like populist wildfire. Anger is rising as Americans are being forced to endure brutal cuts at both the federal and state-level, for a budget crisis they did not cause. Over $100 billion estimated annually could be gained, if corporations ended practices of tax avoidance.
"Billionaire corporations have already abandoned America for foreign tax havens," said US Uncut spokesperson Ryan Clayton, "They pay zero income taxes here, hold their profits in international banks, and ship millions of American jobs overseas. That is un-American."
....that's just unreal !!!!!!
http://libcom.org/news/ge-returns-billions-public-not-14042011
GE to return $3.2 billion to US Treasury ...hoax (?)
Facing criticism over the amount of taxes it pays, General Electric announced it will repay its entire $3.2 billion tax refund to the US Treasury on April 18.
GE uses a series of foreign tax havens that the company says are legal and that led to an enormous refund for the 2010 tax year.
The company earned $11 billion in 2010 on revenue of $150 billion.
The company, based in Fairfield, Conn., plans to phase out tax havens over 5 years and said it will create one job in the US for each new job it creates overseas.
http://www.google.com/hostednews/ap/article/ALeqM5iL8FakxULRc341UeyxyOKHJQgghA?docId=a2470b147bfb449e965201515e25f968
General Electric Co. (GE) refuted a statement claiming the company would return a $3.2 billion tax refund for 2010.
“It is a hoax,” said Anne Eisele, a GE spokeswoman. The statement, which purported to be from GE Communications, claimed the Fairfield, Connecticut-based company was responding to a “public outcry” and would “allow the public to decide how to spend” the returned money.
To contact the reporter on this story: Rachel Layne in Boston at rlayne@bloomberg.net
To contact the editor responsible for this story: James Langford at jlangford2@bloomberg.net
...............
The most egregious example is General Electric ( GE - news - people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.
Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.
How did this happen? It's complicated. GE's tax return is the largest the IRS deals with each year--some 24,000 pages if printed out. Its annual report filed with the Securities and Exchange Commission weighs in at more than 700 pages.
Inside you'll find that GE in effect consists of two divisions: General Electric Capital and everything else. The everything else--maker of engines, power plants, TV shows and the like--would have paid a 22% tax rate if it was a standalone company.
It's GE Capital that keeps the overall tax bill so low. Over the last two years, GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain). Not only do the U.S. losses balance out the overseas gains, but GE can defer taxes on that overseas income indefinitely. The timing of big deductions for depreciation in GE Capital's equipment leasing business also provides a tax benefit, as will loan losses left over from the credit crunch.
But it's the tax benefit of overseas operations that is the biggest reason why multinationals end up with lower tax rates than the rest of us. It only makes sense that multinationals "put costs in high-tax countries and profits in low-tax countries," says Scott Hodge, president of the Tax Foundation. Those low-tax countries are almost anywhere but the U.S. "When you add in state taxes, the U.S. has the highest tax burden among industrialized countries," says Hodge. In contrast, China's rate is just 25%; Ireland's is 12.5%.
My pick for next wk aghd @ .0001
ty
Have a wonderful w/e!
;)
HorizonTALines, Inc. (HRZ)...wants to go VERTICAL...
...shares surges 30% on entering into a settlement agreement with Puerto Rico for $1.77 million.
On Wednesday night, the company announced a settlement pact related to Puerto Rican trade and agreed to pay $1.77 million as its portion of the settlement.
The Commonwealth of Puerto Rico and the named plaintiffs sued the company and the other two shipping company, Sea Star Line, LLC (“Sea Star”) and Crowley Liner Services, Inc (“Crowley”) for fixing prices for the cargo service. Under the Settlement Agreement, the plaintiffs and the Commonwealth of Puerto Rico agree to settle claims alleged in three lawsuits filed against each of the Company, Sea Star and Crowley. Two lawsuits are putative class-action lawsuits on behalf of indirect purchasers, one of which is pending in the Court of First Instance for the Commonwealth of Puerto Rico and the other is pending in the United States District Court for the District of Puerto Rico. The third was filed by the Commonwealth of Puerto Rico in the Court of First Instance in its own right and on behalf of indirect purchasers.
As per the agreement, each of the sued company will pay a one-third share of the total settlement amount of $5.3 million. Hence, HRZ agreed to pay $1.77 million, one-third of the $5.3 million as a settlement. The Settlement Agreement is subject to court approval.
Shares of the company went up by 30% and closed at $1.43 with heavy volume of 6.45 million shares traded. The 52 week range of the stock is $0.83-$6.09. The market capital of the stock stands at $44 million with EPS of -1.48.
Horizon Lines, Inc. operates as a holding company for Horizon Lines, LLC and other direct and indirect, wholly owned subsidiaries that provide ocean transportation services and support (collectively, Horizon Lines).
Abraxas to Present at the IPAA Oil & Gas Investment Symposium
NEXT WEEK !
:)
Muddy Waters Initiating Coverage
...I like them
http://www.muddywatersresearch.com/research/dgw/initiating-coverage-dgw/
Muddy Waters Initiating Coverage on DGW – Strong Sell
Published: April 4, 2011
Muddy Waters LLC has initiated coverage on Duoyuan Global Water Inc. (DGW) with a Strong Sell rating and an estimated value of less than $1.00.
•We estimate DGW’s actual revenue is no greater than US$800,000 annually, versus the US$154.4 million it claims. Our estimate is based on DGW’s PRC audit report, which is highly reliable.
•Muddy Waters caught DGW red handed forging its PRC audit report. DGW’s actions validate the audit report’s significance.
•Our extensive surveillance of DGW’s factory confirms our revenue estimates.
•We identified four errors in DGW’s US audit, which indicates the auditor was sloppy.
•DGW has much in common with its troubled sister company, DYP. We believe these commonalities further DGW’s fraud.
•DGW engages in improper undisclosed related party transactions that transfer money to its chairman.
EXACTLY, what permits are in place NOW...(?)
....Please share, this is important.
Now that they have a verdict....
....should we watch for the impending r/s paper work... (?)
inquiring minds want to know (a PR ref. this would be nice)
;)
Seafarer Exploration Corp. (OTCBB: SFRX) announced a Hillsborough County Jury rendered a verdict on April 5th 2011 at 4:45 pm in favor of Seafarer for $5,080,000.00 in compensatory damages. After two days of evidence had been presented in court, a jury determined that hundreds of on line posts written by Sean Murphy under the screen name of “Floridatreasurecapt” were false and caused a decrease in market price. Seafarer believes collecting any or all of the damages will be difficult to do, but will continue to try to collect until paid in full.
One of the Board Directors for Seafarer, Pelle Ojasu, stated, “We are pleased with the verdict rendered by the jury and I am very happy our CEO maintained his vigilance to prosecute those who would maliciously hurt the Company and its’ personnel through relentless false postings over the last year. Now that the truth has finally come out, we can continue our focus on building shareholder value and executing our business plan.” Lead trial attorney, Craig A. Huffman stated, “Mr. Murphy is going to be an example of what should happen to people who sit behind screen names and negatively, falsely, impinge the lives of people and of good companies. We are not done with him yet. This will set a precedent for small market companies to fight back.” Co-counsel, David Chalela, stated, “We and our client are weighing the approach to take toward punitive damages in this case to dissuade others from doing this.”
Hey, a divy...to 1.5% of ea. common....
....lets all sing along, 'wwwwwweeeeeeeeeeeeee'
Qingdao Footwear, Inc. (OTCBB:QING), announced today that the Board of Directors has approved a quarterly dividend, whereby common stock shareholders shall receive restricted common shares of Qingdao Footwear equal to one and one half (1.5%) percent of each common stock shareholdings as of the record date. The first quarterly dividend shall be payable to all common stock shareholders of record on May 16, 2011, with a payable date of May 23, 2011. The shares will be restricted for a period of six months.
Additionally, the company announced that the Board approved the continuance of the dividend for each of the remaining quarters in 2011. Dates for the remaining dividends will be released as available.
A Board Director stated, "We want to thank our shareholders for their continued loyalty and support. This decision gives greater value to our shareholders and will continue to enhance liquidity and interest in our stock and in the Company. This will be an exciting year for Qingdao Footwear and we look forward to continually rewarding our shareholders so they can grow with us."
More to come here, I'm sure of it !!!?
;)
Exploration program has confirmed the existence of the high-grade gold bearing zone located in the LKA Winze area at the mine’s 7th Level.
LKA’s exploration crew has been sinking on the gold bearing structure in this 100’+ vertical area located between the mine’s 6th & 7th levels in an effort to confirm an extension of the rich production zone encountered during commercial mining operations between 1998 and 2002. During that period, this zone produced over 24,644 ounces of gold and average ore grades of 12.96 ounces (367 grams) gold per ton.
Sampling/assays from the exposed vein in the lower 30’ of the LKA Winze area yielded the following results:
Sample Au oz (grams) per ton Ag oz/ton
AU 70' No 0.220 (6.2) 1.10
Au 78' No 0.712 (20.2) 1.43
AU 82' No 25.6 (725.7) 4.83
AU 87' No 11.4 (323.2) 2.59
AU 90' So 4.95 (140.3) 5.05
AU 100' Center East 0.980 (27.8) 5.28
AU 100' Center West 0.132 (3.7) 1.40
Units oz/ton oz/ton
Detection Limit 0.002 0.100
Method FA-Ag/Au-01 FA-Ag/Au-01
About the Golden Wonder
From 1998 through the second quarter of 2006, the mine produced over 133,701 ounces (82% of which came during the period of 2002-2006) from ore with an average grade of 16.01 ozs. gold per ton. Upon resuming operations (exploration) in the first quarter of 2009, LKA has shipped seven bulk ore samples (lower grade material) containing more than 1,200 ounces of gold. Over 226 ozs. were shipped in February. Historically, the high-grade nature of Golden Wonder ore has allowed for “direct shipment” with no milling or concentrating required. Investors are cautioned that a commercially viable ore reserve has yet to be established and there can be no guarantee that one will be.
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Lionbridge estimates the value of the new relationships will total approximately $12-15 million annually...
... once these programs have fully ramped. The new programs include:
A new agreement with a provider to a leading European aircraft manufacturer that is estimated to generate $8.0 million over the next three years. This agreement expands on Lionbridge's existing relationships with the client and includes new programs for technical authoring and illustration for the Company's online repair and maintenance information.
A new contract with a world leader in inspection, verification, testing and certification services. Lionbridge expects this new client program to generate at least $2.3 million in the first year with further expansion potential over the three year term of the agreement.
A new global development and testing program with a leader in wireless innovation. Lionbridge expects this contract expansion to generate $2.0 million per year in addition to the existing revenue.
A new program with an existing client that should increase current revenue levels with this client by at least $2.0 million each year. The new program includes global development and management of Web properties for a global leader in networking.
A new master services agreement to be the premier provider of translation for a leading provider of diesel power technology.
A new master services agreement with a renowned research, training and consulting firm.
A master services agreement to become a premier translation provider for a world leader in interactive entertainment.
"These new programs with the world's most prestigious global brands underscore the growing demand for technology-led solutions that enable enterprises to effectively develop and manage technology, content and communications in global markets," said Rory Cowan, CEO of Lionbridge. "As we indicated on our last earnings call, business momentum is starting to return. Our recent investments in sales and marketing are beginning to pay off as our teams secure large-scale programs with new clients across diverse end markets and expand existing relationships. This gives us further confidence as we begin to ramp these new programs over the next several quarters."
2nd Q'tr Revenue Performance....
For the three months ended March 31, 2011, ALJ (Pink Sheets: ALJJ) posted revenue of $40.3 million as compared to revenue of $28.5 million for the three months ended March 31, 2010. For the six months ended March 31, 2011, ALJ posted revenue of $73.0 million as compared to revenue of $49.5 million for the six months ended March 31, 2010.
According to John Scheel, ALJ's Chief Executive Officer, "Revenue for the recently completed quarter was up about 41%, due in equal measure to shipments and prices being higher. Revenue for the first half of the 2011 fiscal year is up about 47% over the previous year for similar reasons. As has been our practice, we will release full financial results along with our 10-Q in the middle of May." ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.
Laurion Mineral Exploration Inc. has released a new NI 43-101 Mineral Resource Estimate ...
...on the Bell Mountain, Nevada property optioned from Globex.
According to Laurion's press release of April 6, 2011, the resource estimate highlights are the following:
Measured and Indicated Resource of 9,761,000 tonnes grading 0.526 g/t gold and 17.63 g/t silver hosting 165,018 ounces of gold and 5,533,907 ounces of silver.
Inferred Resource of 2,046,000 tonnes grading 0.449 g/t gold and 13.26 g/t silver hosting 29,550 ounces of gold and 872,411 ounces of silver.
The resource estimate was prepared by Telesto Nevada Inc. of Reno, Nevada in accordance with Canadian National Instrument 43-101 requirements.
The new resource estimate is a significant increase both in tonnes and number of ounces of gold and silver over the previous historical resource of 2.1 million tonnes at 1.33 g/t gold and 33.55 g/t silver.
Globex announced the option of the Bell Mountain property in a press release dated June 29, 2010 in an agreement in which Laurion may earn 100% interest in the property in exchange for 3.7 million Laurion shares, $40,000 cash and a minimum of $3 million in exploration and/or development expenditures. Globex retains a sliding scale Gross Metal Royalty (GMR) which, at a price of over $1,200 per ounce of gold, is equal to 3 percent of the gold and silver that may be produced. The agreement also applies to any lands within 7.5 km from the outside boundary of the original 145 claim block.
Laurion's contemplates "a conventional low cost open pit mining method with heap leach configuration" and has a primary goal "to successfully advance the project to production in the short to medium term".
;)
My pick for next wk aghd @ .0001
ty
Have a wonderful w/e!
;)
Cheetah is hopeful that 2011 could see...
... the complete development of the Belmont Lake oil field which potentially would include the drilling of up to four more proved oil well locations, according to the latest third-party engineered reserve report. If so, this could lead to a significant increase in oil production from the field. As earlier reported, this is an expansion of the previously expected number of wells available to be drilled within this proven field.
Cheetah also announces that one or more of its executive officers have converted $193,537 of accrued wages into shares and warrants of the company. 1,935,370 shares and the same number of warrants have been issued. The excise price of the warrants is $0.20 with an expiry date of March 30th 2013. After the issuance of these restricted common shares, Cheetah has 13,039,000 shares currently issued and outstanding.
:)