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OTCPicks.com Daily Market Movers Digest Midday Report for Friday, December 14th CRME, AHFD, IDVC, AEGY, WWEI, AMHD Our Stocks to Watch today include Cardiome Pharma Corp. (NASDAQ: CRME), Active Health Foods Inc. (OTCBB: AHFD), Infrastructure Developments Corp.
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CARDIOME PHARMA CORPORATION (NASDAQ: CRME) “Up 17.05% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N45&L45&F=T Cardiome Pharma Corp., a research-based biopharmaceutical company, focuses on the discovery, development, and commercialization of drugs to treat or prevent cardiovascular and other diseases. The company offers BRINAVESS, a product approved for marketing in the European Union, Iceland, and Norway for the conversion of recent onset atrial fibrillation to sinus rhythm in adults. It also has clinical programs, which focuses on the treatment of atrial fibrillation, an arrhythmia (or abnormal rhythm) of the upper chambers of the heart. In addition, Cardiome Pharma Corp. has pre-clinical projects that focus on ion channel and cardiovascular research. It also has a collaboration and license agreement with Merck & Co., Inc. for the development and commercialization of BRINAVESS. The company was formerly known as Nortran Pharmaceuticals Inc. and changed its name to Cardiome Pharma Corp. in June 2001. Cardiome Pharma Corp. was founded in 1986 and is headquartered in Vancouver, Canada.
December 12 – Higher Rate of FDA New Drug Approvals a Major Factor in Biotech Industry`s Success in 2012 Five Star Equities Provides Stock Research on BG Medicine and Cardiome Pharma The Biotech Industry has skyrocketed in 2012 as an increase in the number of new drug approvals has boosted investor optimism within the industry.
The iShares Nasdaq Biotechnology Index Fund (IBB) and the SPDR S&P Biotech ETF (XBI) have both gained over 25 percent year-to-date. Five Star Equities examines the outlook for companies in the Biotech Industry and provides equity research on BG Medicine, Inc. (NASDAQ: BGMD) and Cardiome Pharma Corp. (NASDAQ: CRME).
Access to the full company reports can be found at:
www.FiveStarEquities.com/BGMD www.FiveStarEquities.com/CRME “In 2011, the U.S. FDA approved 30 new drugs, compared to 21 in 2010,” S&P Capital IQ wrote in a note. “Through September 2012, the year-to-date total was 22. We see an improving trend for FDA first cycle review approvals and a rise in the rate of new drug approvals for rare diseases, which we think is helping to boost investor sentiment for the agency, after years of criticism stemming from inconsistency in making and communicating its decisions.” Another key factor in the Biotech Industry`s success has been the “patent cliff” major pharmaceuticals have faced in 2012. Major drug manufacturers have looked to biotech companies to help offset major revenue losses from expiring patents as it is less time consuming than developing new drugs through R&D.
Five Star Equities releases regular market updates on the Biotech Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
BG Medicine is a diagnostics company focused on the development and commercialization of novel cardiovascular diagnostics to address significant unmet medical needs, improve patient outcomes and reduce healthcare costs. Shares of the company spiked sharply Tuesday after reporting their CardioSCORE test has received the CE Mark.
Cardiome currently has one marketed product, BRINAVESSTM, approved in Europe and other territories for the rapid conversion of recent onset atrial fibrillation to sinus rhythm in adults. Shares of the company spiked 40 percent Tuesday after announcing an agreement with Merck to settle their debt obligations and terminate their credit facility.
http://otcpicknews.com/emailmarketer/link.phpM940&N45&L56&F=T Active Health Foods, Inc., a development stage company, develops and markets energy bars under the Active X brand name in the United States. It offers energy bars in almond chocolate delight, peanut butter chocolate joy, cashew berry dream, and coconut cocoa passion flavors. It intends to sell its products to retailers, including health food stores, gyms, grocery retail outlets, and convenience stores, as well as to distributors. Active Health Foods, Inc. was founded in 2008 and is based in Riverside, California.
No recent news for Active Health Foods, Inc. (OTCBB: AHFD).
INFRASTRUCTURE DEVELOPMENTS CORPORATION (OTCBB: IDVC) “Up 12.50% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N45&L16&F=T Infrastructure Developments Corp. operates as an engineering and construction services company in the Middle East, East Asia, and Oceania.
It primarily focuses on small to mid-sized government contracts and subcontracts. The company also involves in the construction of private residential properties. In addition, it distributes various types of portable prefabricated structures for use as residence and offices space on project sites, as well as for disaster relief situations and other environments requiring the deployment of low-cost housing. The company is based in Herndon, Virginia.
December 12 – Infrastructure Developments Corp. Issues Corporate and Shareholder Update Infrastructure Developments Corp. (OTCBB: IDVC) (the “Company”) wishes to clarify certain issues regarding the public market for its common stock.
On September 28, 2012, the Company informed shareholders that the Depository Trust Company (DTC) had imposed a deposit transaction restriction (or a “Deposit Chill”) on the Company`s common stock, and that the Company was in the process of having the DTC lift the Deposit Chill.
The Company`s counsel continues its efforts to remove the Deposit Chill.
Deposit Chills prevent shareholders from depositing physical share certificates into the market for sale. This affects shareholders who are holding physical certificates of the Company`s stock, and may affect the purchase and sale of stock currently held in some brokerage accounts.
“We are working diligently to get this issue behind us,” said Eric Montandon, the Company`s president. “Since most of our shareholders do not have physical stock certificates, but rather stock entered in the DTC system and purchased and sold electronically via broker dealers, they will not be affected. However, if DTC chooses to keep a chill on deposits of our stock, it may make it harder for us to raise funds via private placements or acquire any new business in the future by issuing stock, as the recipients of the stock would not be able to deposit it for sale.” The Company had previously reported that it was in the process of negotiations to acquire a new business, but such negotiations are on hold because of the Deposit Chill. The Company is still pursuing opportunities in the CNG (compressed natural gas) powered vehicle industry through its subsidiary Cleanfield Energy, Inc.
The Deposit Chill was applied due primarily to the conversion of shares of the Company`s common stock by one unrelated entity. The Company borrowed funds from this entity on terms that included a conversion option. Of the amount borrowed, $180,000 was converted into common stock in the past 18 months, the Company pre-paid $19,000 on July 24, 2012, and $15,000 is left remaining for conversion.
ALTERNATIVE ENERGY PARTNERS INCORPORATED (OTCBB: AEGY) “Up 16.67% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N45&L98&F=T Alternative Energy Partners, Inc., a development stage company, engages in the energy production and management business in the United States. The company focuses on providing commercial buildings with advanced solar thermal energy production systems allowing businesses to use alternative energy sources. It intends to offer solar thermal energy production, support, monitoring, and related services to commercial businesses in the healthcare and hospitality sectors. The company was founded in 2008 and is based in Fort Lauderdale, Florida.
December 14 – Alternative Energy Partners, Inc. Announces Closing of Acquisition of Gold Mining Mineral Lease Rights; New Acquisition Agreement Alternative Energy Partners, Inc. (OTCBB: AEGY) announced that it has completed the acquisition of the mineral lease on 160 acres of land in Safford, AZ., which it intends to develop, mine and extract gold, silver, platinum, palladium and other precious metals from the site, and then refine and sell the resulting metals. An existing independent appraisal of the ore in place on the site is in excess of $600 million. The closing was completed with the assistance of Alexander Capital Equity, Inc., which had obtained contract rights to the mineral lease property earlier this year.
As agreed as part of the closing, AEGY will commence the regulatory process of a 1:100 reverse split of its common stock, as previously announced, and an amendment of its Articles to increase the authorized common stock.
AEGY also has agreed to acquire a second property, a deposit of already mined black sand located in New Mexico, which has been independently valued at an estimated $540 million on site. The deposit is in excess of 55,000 tons of materials which are crushed and milled to approximately 200 mesh in size, washed and ready for refining. AEGY intends to transport the deposit for refining and sale.
WELWIND ENERGY INTERNATIONAL CORPORATION (OTCBB: WWEI) “Up 300.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N45&L47&F=T Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations. Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company`s goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
No recent news for Welwind Energy International Corp. (OTCBB: WWEI).
AMELOT HOLDINGS INCORPORATED (OTC: AMHD) “Up 100.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N45&L96&F=T Amelot Holdings, Inc., a publicly traded company, is a diversified holding company that has identified Biodiesel as a $20 billion emerging market.
Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on foreign oil supplies and reduce the impact of energy on our environment.
No recent news for Amelot Holdings, Inc. (OTC: AMHD).
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