June 22nd, 2010
Bayside Petroleum Company (BYSD.PK) sank down over 50% last week. After a resistance level at $0.030, the
stock price ran down to $0.013 and its volume fell to 500 shares traded. Then, all of a sudden, the company’s traded volume ran up to over 3 million shares on Monday! This jump was phenomenal for the pink sheet company and it had no reasonable explanation.
The company has no recent press releases on its website and hasn’t made any general announcements during the last months. However, the records show that BYSD has paid 200k free trading shares to get promoted, which may explain the sudden volume jump.
The promoters can sell their shares right after the promotion, though in the BYSD case the price was probably artificially inflated. But still, we can find no definite explanation on the downtrend, which occurred. We can only assume the promoter has failed and decided to sell all the shares of BYSD.
Posted in 0001 Stocks, Uncategorized |
June 7th, 2010
Last week Krispy Kreme Doughnuts (NYSE:KKD) reported earnings per share of $.06 for the first quarter of
fiscal 2011. The Company ended the quarter with a total of 616 Krispy Kreme stores, an increase of 34 locations since January 31, 2010.
Though the company’s revenue for 2009 was lower than the year before, its sales have increased. Last year KKD’s cash flow from operating activities rose up, while its general and administrative expenses dropped.
After the company announced its double earnings, shares in Krispy Kreme were up 6.2 percent. On Friday the market closed at 3.94, and the traded volume exceeded 1 million shares. Today KKD stock reached 4.02 at market cap of 267.74M.
Krispy Kreme is satisfied with the improvement in its first quarter performance and expects a 2011 operating income from $11 million to $15 million.
The company is working to provide better support for its franchise partners and shareholders and publishes all the news on its projects on the Krispy Kreme’s official website.
Posted in Uncategorized |
June 7th, 2010
Cheniere Energy, Inc. (AMEX:LNG) announced its plans to build the first liquefied natural gas export plant in
the United States for 40 years. Cheniere intends to make a market revolution and it has already received initial interest from potential buyers and producers interested in committing supply to the project.
After the news was reported, LNG’s stock flew up 12.69% at 3.02 on the high volume of over 1 million shares. It is more than the company’s average traded volume and it still keeps a high value.
During the last weeks, there was a resistance level at 3.0, while currently LNG trades at 3.34 and the maket cap points 191.26M.
Cheniere Energy, Inc. is developing a platform of three, 100%-owned, onshore liquefied natural gas, or LNG, receiving terminals along the U.S. Gulf Coast. According to the records, company’s revenue for 2009 is higher than the year before, but its net income is 2 times lower. However, the LNG’s quarterly results for 2010 look better.
Although the results were consolidated for financial reporting, Cheniere, Sabine Pass LNG, L.P. and Cheniere Partners operate with independent capital structures. In March 2010, Cheniere Marketing entered into an agreement with JPMorgan LNG Co., providing financial support to source more cargoes of LNG than it could source on a stand-alone basis. The next month, the company sold a 30% interest in Freeport LNG, which improved its liquidity and capital positions.
Currently, LNG continues to be involved in oil and gas exploration and believes they have sufficient cash to accomplish the company’s business plan until its debt begins to mature in August 2011.
Posted in Uncategorized |
June 4th, 2010
Delta Petroleum Corp. (NASDAQ:DPTR) announced it extended negotiations with Opon International LLC.
Opon may take a a 37.5% non-operated working interest in assets, Delta holds in the Piceance Basin in Colorado for $400 million.
As a result of the news, DPTR stock moved up on the market. Yesterday it plunged by 6.09% and closed at $1.22 at market cap 345.00M. The traded volume of DPTR also rose up and exceeded 5 million shares.
Delta Petroleum is an independent oil gas exploration and production company. It holds 49.8% of contract driller DHS Holding and has oil and gas leasehold properties covering approximately 893 thousand undeveloped acres.
The results from Delta’s quarterly report for 2010 show that oil and gas sales increased 55%, but the company reported a net loss attributable to common stockholders of $12.8 million. However, if the present uptrend continues, it will bring higher profit to DPTR.
Posted in Uncategorized |
June 3rd, 2010
Generex Biotechnology Corporation (NASDAQ:GNBT) announced it has received two new patents for its
proprietary buccal drug delivery system in Japan and Ukraine. These patents will cover the company’s methods of preparation and administration and open up other marketplaces for GNBT.
After this announcement was made, Generex’s shares rose up 5.47% and the market cap became 106.99M. Yesterday the stock closed at $0.42 with total volume of 4.27 million traded shares.
Though Generex Biotechnology Corp. has lost over 11% during the past month, it is currently trading above its 20-day and below its 50-day moving averages.
The company’s financials show that its revenue and net income for 2009 are higher compared to 2008, and the employee growth points 59.3%.
This year GNBT expects the new patents will bring higher profit to its business. At the company’s official website, Generex publishes the news on its projects, as well as a letter to the shareholders with all the information on GNBT’s products and approvals.
Posted in Uncategorized |
business thanks more
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