VIVK is on radar now as a possible reversal play. The last two days have formed a bullish harami pattern with an increase in volume. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=412 Let us hear your thoughts below:
Cellceutix Corp. was pleased to announce this morning its acknowledgement of the many emails, phone calls and letters received regarding KM-391, its novel compound for the treatment of autism. In response to the outcries, Cellceutix has drawn upon its many resources and expedited scheduling of additional pre-clinical studies of the compound with the results to be released in upcoming weeks. Cellceutix worked with the world-renowned InterEd Faculty of Clinical Research (IFCR) in India to move rapidly in the development of KM-391. The Company's President and Chief Scientific Officer, Dr. Krishna Menon, as Chancellor of IFCR, was able to request expedited…
Cherokee Inc. reported net income of $2.9 million, or $0.33 per diluted share, in the first quarter of 2010. The company earned $3.8 million, or $0.43 per diluted share, in the corresponding quarter in 2009. Cherokee Inc. said that royalty revenues also fell on a year over year basis, from $8.9 million in the first quarter of 2009 to $8.2 million in the quarter that just ended. The management of Cherokee Inc. said that the lower net income in the first quarter of 2010 relative to last year’s first quarter was caused by a lower than expected effective tax rate…
IT security and backup provider SonicWALL Inc. today announced it will be acquired by an investor group led by Thoma Bravo LLC for approximately $717 million. Per the agreement, SonicWALL shareholders will receive $11.50 in cash for each share of SonicWALL common stock they hold, representing about 28 percent of the most recent closing price, and approximately 63 percent premium over SonicWALL’s enterprise value. Matthew Medeiros, SonicWALL president and CEO, said the acquisition will benefit shareholders and leverage the company’s operations. “Our agreement with Thoma Bravo represents an attractive valuation for our shareholders, and we look forward to closing the…
There is talk within the industry that the OTC Bulletin Board as we know it may be coming to an end. Why? Let’s look at the facts. For starters, the OTCBB was created twenty years ago as a result of the Penny Stock Reform Act of 1990 as a way of differentiating and promoting small businesses in the United States. The OTCBB is currently owned by the Financial Industry Regulatory Authority, better known as FINRA. Certainly there is a conflict of interest in both owning and regulating at the same time, but that’s not what’s really important. What is relevant…
ANTs Software Inc., www.ants.com – known throughout the industry for lowering IT operating costs via software/hardware consolidation and for middleware solutions like ANTs Compatibility Server (ACS) which enables database consolidation between different vendors, announced yesterday the selection of IT services provider Ness Technologies as the Company’s partner during DB2 SQL Skin for Sybase projects implementation. With a proven track record in software engineering, systems integration, consulting and distribution, in addition to a global reach via its team of 7,800 employees around the world, with ongoing operations in North America, Europe, India and Israel - Ness Technologies will enable ANTS to…
Savoy Energy Corp., www.savoyenergycorporation.com – the US-based oil and gas developer, with extensive expertise in work-over and recompletion, announced entry yesterday into a letter of intent with a privately owned firm to acquire an 80% Net Revenue Interest in a producing field on a 500-acre site. The site has 34 well bores, seven of which are in production, the remainder are believed to be serviceable by the Company and would subsequently be put back into production. With a 60-70 BOPD production capacity streaming from three of the five known formations and all prior analytical data indicating that the field has…
One company that has started to earn national attention is the WordLogic Corporation. Located in Vancouver, British Columbia, WordLogic is a developer of patent-protected text software widely used in Internet-based search applications. Today, WordLogic announced its first advertising campaign promoting direct retail sales of the company’s product to the American public. This announcement was reported by WordLogic CEO Frank Evanshen and will represent the first leg of the company’s broadcast ad campaign. WordLogic intends to spread its wings to multiple broadcast outlets this summer. WordLogic's ad agency, Advidea Inc. is producing the US consumer broadcast campaign, which debuts its first…
SonicWALL Inc., a leading provider of IT security as well as data backup and recovery solutions, announced that it has agreed to be acquired by an investor group led by Thoma Bravo, LLC. The acquisition, valued at $717 million, was unanimously approved by the SonicWALL Board of Directors, who are recommending shareholder approval. Under the agreement, SonicWALL shareholders will receive $11.50 cash for each share of SonicWALL common stock they hold, representing a premium of approximately 28% over the most recent closing price prior to the announcement. The investor group includes the Ontario Teachers’ Pension Plan through its private investor…
Comtex News Network Inc. provides real-time financial and economic news via CustomWires and Comtex SmarTrends Alerts. The company also provides investors several proprietary products including a daily stock market letter (Morning Call) and selected stock news (SmarTrend Spotlights). The company announced yesterday that its stockholders approved proposals which will result in a 1-for-1,000 reverse stock split of the company's common stock and the cash-out of stockholders holding fewer than 1,000 shares. Comtex also announced that there are fewer than 200 stockholders of record, and as anticipated, the company will de-register its common stock with the SEC effective June 4, 2010,…
