SC Daily- CNGI is a Top Performer
SmallCapVoice Newsletter
%3D 9-29-10 Small Cap Daily by SmallCapVoice.com ————————————– Yesterday`s Top Performers ————————————– Company: Concordis Group, Inc. (Pink Sheets: CNGI) End of day:
Price: 0.34 Change (%): + 0.215 (172.00) Volume: 18,850 http://bit.ly/beKvFa —————————– Hot Stocks To Watch —————————– Company: Tootie Pie Company (OTCBB: TOOT) End of day:
Price: 0.36 Change (%): + 0.01 (2.86) Volume: 11,998 http://bit.ly/b9RKTk ——————————– Other Small Cap News ——————————– Company: Abraxas Petroleum Corporation (Nasdaq: AXAS) http://bit.ly/dlUy9J Abraxas Provides Operational Update These past two months have been busy operationally and we look forward to announcing well results in the near future, or in the case of the Williston Basin, as soon as service equipment becomes available. In any emerging play with rapidly increasing activity levels, drilling rigs, service equipment and crews become scarce until equipment is relocated and crews trained. For example, the Ravin well took much longer to drill than originally anticipated as we experienced a number of down days as the drilling rig was poorly equipped, poorly maintained and run by an inexperienced crew. That being said, the rig is getting a complete overhaul before moving to our second operated location. We plan on continuing our divestiture program throughout the end of the year and if we are successful, we anticipate an additional $15 – $20 million in net proceeds, commented Bob Watson, Abraxas President and CEO.
Read More >> http://yhoo.it/aCvnRO ———————————————————————————— Company: Harris & Harris Group, Inc. (Nasdaq: TINY) http://bit.ly/d64YEH Harris & Harris Group Announces First Venture Debt Investment NEW YORK, Sept. 28, 2010 (GLOBE NEWSWIRE) — Harris & Harris Group, Inc., (Nasdaq:TINY) announced today its first venture debt investment of $500,000 in GEO Semiconductor, Inc. The round of venture debt financing was led by Montage Capital, LLC. We received warrants as part of this venture debt financing. This investment is part of Harris & Harris Group`s efforts to expand its core venture capital investments in equity of privately held and publicly traded small companies with debt securities that provide predictable cash flows and timelines for returns on investment. In addition to providing venture debt financing, Harris & Harris Group continues to make equity-based venture capital investments in companies developing and integrating products enabled by nanotechnology and microsystems.
Read More >> http://yhoo.it/aknTY8 ————————————————————————————- Company: Brigus Gold Corp. (NYSE Amex: BRD) http://bit.ly/daSRYz Brigus Gold Corp. Announces C$50 Million “Bought Deal” Financing HALIFAX, Nova Scotia–(BUSINESS WIRE)–Brigus Gold Corp. (Brigus Gold or the Company) (TSX: BRD)(NYSE Amex: BRD) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers, whereby the Underwriters have agreed to: (i) purchase 30,000,000 units (Units) of Brigus at a price of C$1.50 per Unit (the “Unit Price”) for gross proceeds to the Company of C$45,000,000, and (ii) offer for sale on a guaranteed agency basis, up to 2,941,177 common shares designated as flow-through shares for purposes of the Income Tax Act (Canada) (the Flow-Through Shares), at a price of C$1.70 per Flow-Through Share (the Flow-Through Price) for gross proceeds to the Company of up to C$5,000,000 (collectively, the Offering).
Read More >> http://yhoo.it/alaSjO —————————————————————————– Company: JetBlue Airways (Nasdaq: JBLU) http://bit.ly/9zi5yB JetBlue prefers to grow on its own: CEO WASHINGTON (Reuters) – JetBlue Airways (NasdaqGS:JBLU) has no plans to get involved in airline merger activity, preferring instead to grow on its own, the company`s chief executive said.
Responding to Southwest Airlines Co`s (NYSE:LUV) plan to buy AirTran Holdings (NYSE:AAI), JetBlue CEO Dave Barger said the company growth strategy “has proven to be the right path forward” and would “not be distracted” from its goals.
Read More >> http://yhoo.it/dfFh3w ——————————————————————————- Company: Magellan Petroleum Corporation (Nasdaq: MPET) http://bit.ly/c5mtsB Magellan Petroleum Corporation Proven and Probable Reserve Report and Discussion For the Year Ended June 30, 2010 (Dollars Quoted are US$) PORTLAND, Maine, Sept. 28 /PRNewswire/ — Magellan Petroleum Corporation (Nasdaq:MPET) (ASX:MGN) (the “Company”) reported total proved oil and natural gas reserves as of June 30, 2010 were 9.7 million barrels of oil equivalent (“MMBOE“), consisting of 9.48 million barrels (“MMbbls”) of crude oil and 1.53 billion cubic feet (“Bcf”) (.26 MMBOE) of natural gas. Taking into account the sale of the Cooper Basin assets and the acquisition of the Poplar Fields, the Company`s reserves increased from the year-end 2009 reported estimates of 1.6 MMBOE to 9.7MMBOE at year end 2010.
Read More >> http://yhoo.it/cObVB8 ———————————————————————————- Company: Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX) http://bit.ly/ckxMRK Keryx Biopharmaceuticals Initiates Long-Term Study Component of Phase 3 Registration Program of Zerenex (ferric citrate) for the Treatment of Hyperphosphatemia in Patients with End-Stage Renal Disease on Dialysis Short-Term Study Component of Phase 3 Registration Program to be Completed by Year End NEW YORK, Sept. 29 /PRNewswire/ –Keryx Biopharmaceuticals, Inc. (Nasdaq:KERX) announced today the initiation of the long-term Phase 3 study of Zerenex(TM) (ferric citrate), the Company`s iron-based phosphate binder for the treatment of elevated serum phosphorous levels, or hyperphosphatemia, in patients with end-stage renal disease (ESRD) on dialysis. The initiation of this study marks the commencement of the final component of the Company`s Phase 3 registration program for Zerenex, which is being conducted in accordance with a Special Protocol Assessment (SPA) agreement with the FDA. Pursuant to the SPA agreement, the Zerenex Phase 3 registration program consists of a short-term efficacy study, which was initiated in May 2010 and is expected to be completed in the fourth quarter of 2010, and the 58-week long-term safety and efficacy study initiated today.
Read More >> http://yhoo.it/d4F70r ———————————————————————— Company: FuelCell Energy, Inc. (Nasdaq: FCEL) http://bit.ly/d2Vsv6 FuelCell Energy Awarded $2.0 Million to Continue Development of High Pressure Hydrogen Compressor Technology DANBURY, Conn., Sept. 29, 2010 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers, today announced that the U.S. Department of Energy (DOE) awarded approximately $2.0 million to FuelCell Energy, Inc. (FCE) to further develop and demonstrate a highly efficient and reliable method for compressing hydrogen for storage under high pressure utilizing its solid-state Electrochemical Hydrogen Compressor (EHC) technology.
Read More >> http://yhoo.it/cesOAv ———————————————————————— Company: Neptune Technologies & Bioressources Inc. (Nasdaq: NEPT) http://bit.ly/aMLE4F Neptune Technologies & Bioressources Inc. Announces Major Breakthrough in the Omega-3 Market Neptune Krill Oil (NKO(R)) Robust Therapeutic & Risk Reduction Health Claims Approved by Health Canada LAVAL, Quebec, Sept. 29, 2010 (GLOBE NEWSWIRE) — Neptune Technologies & Bioressources Inc. (“Neptune”) (Nasdaq:NEPT) (TSX-V:NTB) is proud to announce that after two years of rigorous review of NKO(R) safety and clinical research data, the Canadian Minister of Health has approved exclusively for NKO(R) therapeutic and risk reduction claims, corroborating aspects of Neptune`s clinical research and substantiating NKO(R) safety and effectiveness on certain prevalent chronic diseases.
Read More >> http://yhoo.it/cOzfCA ————————————————————- Company: Tengion, Inc. (Nasdaq: TNGN) http://bit.ly/9DhUDg Tengion Presents New Data Demonstrating Functional Regeneration in a Diabetic Chronic Kidney Failure Model at the International Society for Cellular Therapy Neo-Kidney Augment Approach Shows Durable Effect on Kidney Function and Survival EAST NORRITON, Pa., Sept. 29 /PRNewswire/ — Tengion, Inc. (Nasdaq:TNGN) presented new research data yesterday in a podium presentation at the 2nd Annual Symposium on Stem Cell Translation of the International Society for Cellular Therapy (ISCT) in San Francisco. The presentation highlighted new results from Tengion`s Neo-Kidney Augment(TM) development program demonstrating success with an autologous cellular therapy approach to kidney regeneration in a rodent model of obesity, diabetes and hypertension.
Read More >> http://yhoo.it/bUxdIs —————— MarketNews —————— By Pham-Duy Nguyen and Claudia Carpenter: Bloomberg Gold Futures Jump to Record on Investor Demand as Interest Rates Stay Low Gold rose to a record, rebounding from the biggest drop in two months, as investors and jewelers took advantage of cheaper bullion to increase their holdings. Silver extend gains to the highest price since 1980.
Prices jumped to an all-time high of $1,309.20 an ounce on the Comex in New York, touching a record for the eighth time in two weeks. Futures are up 19 percent this year, heading for the 10th straight annual gain.
People are buying every dip in gold, said Leonard Kaplan, the president of Prospector Asset Management in Evanston, Illinois. The trend isnt going to change until interest rates rise.
Gold futures for December delivery rose $8.80, or 0.7 percent, to $1,307.40 an ounce at 11:46 a.m. on the Comex. A close at that price would be the fifth straight gain. Earlier, the price shed $22.40, or 1.7 percent, the biggest intraday decline since July 27.
Read More >> http://yhoo.it/918hjZ ————————————————————— By Carlo Piovano: Associated Press Writer European strikes weigh on stock markets European markets fall as worries about protests offset optimism that Fed will help economy LONDON (AP) — European markets fell Wednesday as protests against austerity measures raised worries about countries` ability to cut heavy debt loads, offsetting for now any hopes that the Federal Reserve might move to boost the U.S. economy.
Demonstrators gathered in Brussels, the heart of the EU, as well as Spain and Ireland as labor unions protested against spending cuts they say unfairly penalize average workers for problems and debt caused by banks.
The social unrest has raised concerns that countries like Spain, whose debt some say could be downgraded again soon, will not be able to implement the policies required to heal their bloated public finances.
In Britain, the FTSE 100 was down 0.2 percent at 5,566.30 while Germany`s DAX was 0.5 percent lower at 6,246.52. France`s CAC-40 was down 0.2 percent at 3,754.24.
Read More >> http://yhoo.it/dqK8zT ————————————– Research and Commentary ————————————– Home Price Confusion Redux http://yhoo.it/ddtUqi The Fed Makes And Mints Money http://yhoo.it/bdAhKb ———————————— IMPORTANT DISCLAIMER ———————————— You are receiving this e-mail because you either opted into to our mailing list at smallcapvoice.com or at one of our Money Show exhibits. opt out at any time by clicking on the Safe
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