OTCPicks.com Stocks to Watch for Friday, February 17th

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OTCPicks.com Stocks to Watch for Friday, February 17th ECDC, BDSI, ADRN, WOLV, RCON, GSAE Our Stocks to Watch tomorrow include East Coast Diversified Corp. (OTCBB:

ECDC), BioDelivery Sciences International Inc. (NASDAQ: BDSI), Adarna Energy Corp. (OTCBB: ADRN), Wolverine Exploration Inc. (OTCBB: WOLV), Recon Technology Ltd. (NASDAQ: RCON) and Green Star Alternative Energy Inc. (OTC:

GSAE).Visit http://otcpicknews.com/emailmarketer/link.phpM940&N17&L1&F=T to register for our Stocks to Watch Newsletter and Email Stock Watch Alerts.EAST COAST DIVERSIFIED CORPORATION (OTCBB: ECDC) “Up 230.43% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N17&L12&F=T East Coast Diversified Corp. operates through its subsidiary, EarthSearch Communications, Inc. East Coast Diversified Corp. offers a portfolio of GPS devices, RFID interrogators, integrated GPS/RFID technologies and Tag designs. The company was founded in 2010 and is based in Atlanta, Georgia..

ECDC News:February 14 – Rogue Paper`s TV Tune-In App Approaches 800,000 UsersEast Coast Diversified Corporation (OTCBB: ECDC) announced that its subsidiary, Rogue Paper, Inc, and their TV Tune-In platform has experienced nearly 800,000 viewers for their second screen TV applications.Rogue Paper`s TV Tune-In platform allows users a second screen experience for a number of popular TV programs, sporting events and channels, to interact and comment with each other during live broadcasts. Since inception and launch, TV Tune-In has developed a number of apps based off the TV Tune-In platform, and as of now has experienced nearly 800,000 users running the mobile and web-based applications.”Creating and fostering a broad base of viewers on the second screen is a great way for broadcasters to enhance advertising revenues,” Stephanie Boyle, the CEO of Rogue Paper commented. “As we learn more from an expanding user base, we look forward to adding new ways for broadcasters to capitalize on their second screen audiences such as synchronized TV ads and deeper interactivity.”TV Tune-In`s social curation engine, a tool for creating a personal collection of messages from the social sphere to an authenticated user, is processing tens of thousands of messages and comments per live event to give users the best of the best content. It works to provide a tailored stream of information so that users don`t get lost in the wealth of data and irrelevant messages.For more information, time schedule and updates visit: www.roguepaper.comABOUT ROGUE PAPERRogue Paper, a subsidiary of ECDC, is a developer of TV Tune-In Application developed by Rogue Paper. TV Tune-In is a real-time, companion viewing and mobile app development platform for media companies to help drive viewership, conversation and interactions for television shows and content. TV Tune-In`s CMS allows media companies to develop branded iPhone and iPad apps for television shows and channels. Powering such category leading applications as MTV`s WatchWith and VH1`s Co-Star iPhone and iPad applications, users can actively comment along with their favorite show (live or time-shifted). The apps aim to attract fans around live viewing of their favorite show, event, or sports team. Users can actively comment, Tweet and Like their favorite show, chat with friends, play trivia games, watch exclusive video content, photos and more. BIODELIVERY SCIENCES INTERNATIONAL (NASDAQ: BDSI) “Up 16.50% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N17&L94&F=T BioDelivery Sciences International is a specialty pharmaceutical company that is leveraging its novel and proprietary patented drug delivery technologies to develop and commercialize, either on its own or in partnerships with third parties, new applications of proven therapeutics.

BDSI is focusing on developing products to meet unmet patient needs in the areas of pain management and oncology supportive care. BDSI`s pain franchise currently consists of two products utilizing the patented BEMA technology. BDSI News:January 6 – BioDelivery Sciences Announces Worldwide License and Development Agreement with Endo Pharmaceuticals for BEMA BuprenorphinePatent extends exclusivity protection for BEMA Buprenorphine and BEMA Buprenorphine/Naloxone through 2027BioDelivery Sciences International, Inc. (NASDAQ: BDSI) announced the U.S..

Patent and Trademark Office (USPTO) has issued a Notice of Allowance of BDSI`s patent application (No. 13/184306) that, once formally granted, will extend the exclusivity of the BioErodible MucoAdhesive (BEMA) drug delivery technology for BEMA Buprenorphine and BEMA Buprenorphine/Naloxone from 2020 to 2027. A Notice of Allowance is issued when the USPTO has determined to grant a patent. Once the issue fee is paid, the final granting of the patent takes place, typically within a few months.As a part of BDSI`s recently signed BEMA Buprenorphine licensing and development agreement with Endo Pharmaceuticals (NASDAQ: ENDP), BDSI is entitled to a milestone payment in the amount of $15 million upon the final granting of this patent. “We are very pleased by the allowance of this patent application by the USPTO, that will not only provide non-dilutive capital to BDSI in the next couple months, but importantly extends the period of exclusivity, and thus the potential for a longer royalty stream, for BEMA Buprenorphine in its use for treating chronic pain following FDA approval and commercial launch,” stated Dr. Mark A. Sirgo, President and Chief Executive Officer of BDSI. “It is an added benefit that this patent upon granting will afford similar protection to BEMA Buprenorphine/Naloxone for the treatment of opioid dependence.””Endo is committed to serving as an integrated solutions provider for the development and commercialization of products focused on the management of pain,” said Dr. Ivan Gergel, M.D., executive vice president, R&D and chief scientific officer, Endo Pharmaceuticals. “And the allowance of the patent application is an exciting step in continuing Endo`s tradition of novel product development in the field of pain management.” BDSI expects the final granting of the patent and associated payment of the $15 million milestone within the next few months.ADARNA ENERGY CORPORATION (OTCBB: ADRN) “Up 100.00% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N17&L56&F=T Adarna Energy Corporation, a technology development company, focuses on cleantech innovations designed to resolve ecological challenges while producing value added carbon neutral and negative products. It develops, licenses, and supports technologies and projects that reduce the carbon intensity of liquid fuels by reducing consumption of fossil fuels, increase use of sustainable raw materials and biofuels, and decrease production of wastes and emissions. Its technology portfolio includes various feedstock and product conditioning technologies, lipid and alcohol production and refining technologies, and carbon dioxide recycling and refining technologies. The company was formerly known as EcoSystem Corporation and changed its name to Adarna Energy Corporation in July 2011. Adarna Energy Corporation is based in Alpharetta, Georgia.ADRN News:No recent items. WOLVERINE EXPLORATION INCORPORATED (OTCBB: WOLV) “Up 25.00% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N17&L57&F=T Wolverine Exploration Inc., an exploration stage company, engages in the acquisition and exploration of base and precious metal mineral properties in Labrador, Canada. The company explores primarily for copper and gold mineralization in sulphide. It holds a 90% interest in 449 mineral claims covering an area of approximately 11,225 hectares in central Labrador, Canada. The company was founded in 2006 and is based in Quesnel, Canada.WOLV News:No recent items. RECON TECHNOLOGY LIMITED (NASDAQ: RCON) “Up 13.85% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N17&L58&F=T Recon Technology, Ltd. is a non-state-owned oil field service company in China. The company has been providing software, equipment and services designed to increase the efficiency and automation in oil and gas exploration, extraction, production and refinery for Chinese oil and gas fields for more than 10 years. RECON News:February 14 – Recon Reports Second Quarter 2012 Financial ResultsSecond Quarter Operating Income Recovers, Net Income Up More Than 100%Recon Technology, Ltd. (Nasdaq: RCON) (“Recon” or the “Company”), a Chinese non-state-owned oilfield services provider to oil and gas companies and their affiliates, today announced its financial results for the second fiscal quarter ended December 31, 2011.Second Quarter 2012 Highlights* Total revenues in the three months ended December 31, 2011 decreased slightly to RMB30.84 million ($4.85 million) from RMB32.18 million in the three months ended December 31, 2010. New business, much of it from existing clients, factored heavily in reducing declines in revenues. Total revenues in the six months ended December 31, 2011 decreased more significantly to RMB35.79 million ($5.62 million) from RMB53.98 million in the six months ended December 31, 2010, due largely to the deconsolidation of one variable interest entity (“VIE”) in 2010.* Net income attributable to ordinary shareholders for the second quarter of fiscal year 2012 was RMB1.40 million ($219 thousand), compared to a net loss attributable to ordinary shareholders of RMB20.68 million in the same quarter last year. Net loss attributable to ordinary shareholders improved from RMB19.83 million for the six month period ended December 31, 2010 to RMB2.01 million ($316 thousand) for the six month period ended December 31, 2011.* Adjusted EBITDA was RMB2.16 million ($339 thousand) for the three months ended December 31, 2011, up 121.41% compared to RMB(10.08 million) in the same quarter last year. Adjusted EBITDA was RMB(643 thousand) ($(101 thousand)) for the six months ended December 31, 2011, an improvement of 91.35% compared to RMB(7.44 million) in the same period last year.

* Diluted net income (loss) per share was RMB0.35($0.06) and RMB(0.51) ($(0.08)), respectively, for the three and six months ended December 31, 2011, compared to diluted net loss per share of RMB5.23 and RMB5.02 for respective periods ended December 31, 2010.”Recon has met a number of challenges over the last twelve months,” said Mr. Yin Shenping, CEO of Recon, “Jining ENI Energy Technology Co., Ltd.

(`ENI`) was previously one of our contractually controlled affiliates until December 16, 2010, when it was deconsolidated from our company. As a trading business, ENI acted as an agency to obtain purchase orders and earned through the sale price differentials. Since 2010, some of our large clients handled through ENI, especially SINOPEC, adjusted their procurement policies to increase direct purchases from strategic manufacturers rather than purchase from agencies like ENI. Business for ENI therefore decreased sharply. In addition, several of ENI`s key employees resigned. Our management believes that even though ENI`s deconsolidation from our company resulted in short-term losses, our company has already begun to recover, as demonstrated by improvements in net income and EBITDA this quarter. As a result, we do not believe the deconsolidation will have a significant impact on our long-term business development.”Mr. Yin continued, “Looking to our future, we continue to believe that our company should keep developing our proprietary products and services. We aim to serve as a professional integrator of products and services, rather than simply acting as equipment suppliers. To achieve this, we also devoted additional resources to our R&D activities, primarily for testing our furnaces and horizontal well fracturing technologies. This year, we will seek to expand our sales of existing core products and promote our recently developed proprietary oil/water separator and horizontal well fracturing technology.””In light of the challenges we have faced over the last year, we have learned how important improving internal management is, particularly to small companies like ours. To assist us in improving our internal management, we have retained consultants to help us enhance our financial management and we have also strengthened our internal control system for the benefit of all of our shareholders. We will also strengthen our information disclosure and improve the frequency and content of our communications with investors.”Second Quarter 2012 Financial ResultsTotal revenues decreased by 4.16% for the second quarter of fiscal year 2012. The overall increase of hardware sales was mainly attributable to improved operations and recently developed products despite the deconsolidation of ENI, which caused a decrease of RMB5.72 million. During the six months ended December 31, 2011, total revenues decreased by 33.7% compared to the previous year period. Deconsolidation of ENI was responsible for a decrease of RMB18.68 million in hardware and hardware-related revenues, more than half of the total decrease in revenues.Gross profit decreased by RMB2.58 million, or 22.03%, to RMB9.12 million ($1.43 million) for the second quarter of fiscal year 2012. Gross profit as a percentage of revenue decreased from 36.33% for the three months ended December 31, 2010 to 29.55% for the same period of 2011, which was caused mainly by the lower margin of our new business of proprietary oil/water separator and horizontal well fracturing technology. Gross profit decreased by RMB7.82 million, or 40.27%, to RMB11.59 million ($1.82 million) for the six months ended December 31, 2011. Gross profit as a percentage of revenue decreased from 35.95% for the six months ended December 31, 2010 to 32.39% for the same period of 2011.General and administrative expenses decreased by RMB13.49 million, or 70.69% from RMB19.08 million in three months ended December 31, 2010 to RMB5.59 million($879 thousand) in the same period of 2011, which was mainly attributable to the deconsolidation of ENI. General and administrative expenses decreased by RMB12.83 million, or 55.07% from RMB23.30 million in three months ended December 31, 2010 to RMB10.47 million($1.65 million) in the same period of 2011, which was mainly attributable to the deconsolidation of ENI and increased professional and consulting fees.Income from operations was RMB2.09 million ($328 thousand) for the three months ended December 31, 2011, an increase of RMB12.75 million, or 119.60%, from a loss of RMB10.66 million for the same period of 2010. This increase in income from operations is attributed primarily to lower operating expenses. Loss from operations was RMB1.14 million($179 thousand) for the six months ended December 31, 2011, an improvement of RMB7.83 million from a loss of RMB8.97 million for the same period of 2010. This decrease in losses from operations is attributed primarily to lower operating expenses.Net income attributable to ordinary shareholders was RMB1.40 million ($219 thousand) for the three months ended December 31, 2011, an increase of RMB22.07million or 106.75%, from a loss of RMB20.68million for same period of 2010. Net loss attributable to ordinary shareholders was RMB2.01 million ($316 thousand) for the six months ended December 31, 2011, an improvement of RMB17.82 million or 89.87%, from a loss of RMB19.83 million for same period of 2010.As of December 31, 2011, cash and cash equivalents was RMB1.09 million ($171 thousand). Except for RMB6.98 million ($1.1 million) of short-term borrowings, there were no other finance leases or hire purchase commitments, guarantees or other material contingent liabilities.Net cash used in operating activities was RMB2,023,589 ($317,940) for the six months ended December 31, 2011, a decrease of RMB3.17 million from RMB5.19 million for the same period of 2010. The decrease in the use of cash in the current period was due to an increase in trade accounts receivable partially offset by an increase in trade accounts payable and reduction in inventories.Net cash used in financing activities was RMB178 thousand ($28 thousand) for the six months ended December 31, 2011, compared to net cash provided by financing activities amounting to RMB3.14 million for the same period of 2010. The decrease in net cash provided by financing activities was mainly due to the payment of bank loans and decrease in short-term borrowings.Net cash used in investing activities was RMB96,231 ($15,119) for the six months ended December 31, 2011, a decrease of RMB2,184,923 from RMB2,281,154 for the same period of 2010. The decrease was mainly caused by a loss on cash due to the deconsolidation of ENI amounting to RMB2,256,305, while there was no such loss for the same period of 2011.The current ratio decreased from 3.75 at June 30, 2011 to 2.94 at December 31, 2011. This was mainly caused by the increase in trade accounts payable and short-term borrowings. GREEN STAR ALTERNATIVE ENERGY INCORPORATED (OTC: GSAE) “Up 65.38% on Thursday” Detailed Quote: www.otcpicks.com/quotes/GSAE.php Green Star Alternative Energy, Inc., a development stage company, focuses on developing renewable electricity. It produces energy from wind, water, and sunlight. The company was formerly known as R & R Travel, Inc. and changed its name to Green Star Alternative Energy, Inc. in June 2008. Green Star Alternative Energy, Inc. was founded in 2001 and is based in San Diego, California. As of January 30, 2011, Green Star Alternative Energy, Inc. operates as a subsidiary of Verdad Telecom, Inc. GSAE News:No recent items.OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it..DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies. The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them. 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