OTCPicks.com Daily Market Movers Digest Midday Report for Monday, September 17th
OTCPicks Publisher Newsletter
OTCPicks.com Daily Market Movers Digest Midday Report for Monday, September 17th MFTH, GRNE, PEIX, OREO, BIOF, SFMI Our Stocks to Watch today include Medisafe 1 Technologies Corp. (OTC:
MFTH), Green Endeavors Inc. (OTC: GRNE), Pacific Ethanol Inc. (Nasdaq:
PEIX), American Liberty Petroleum Corp. (OTCBB: OREO), BioFuel Energy Corp.
(Nasdaq: BIOF) and Silver Falcon Mining Inc. (OTCBB: SFMI).
Visit http://otcpicknews.com/emailmarketer/link.phpM940&N43&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.
MEDISAFE 1 TECHNOLOGIES CORPORATION (OTC: MFTH) “Up 31.11% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N43&L72&F=T Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle.
Medisafe`s patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.
MFTH News:
September 10 – Medisafe 1 Technologies Anticipates a Special Dividend of $0.01 (One Cent) to Each Shareholder of One Common Stock pending the $7MM Perpetual License Sale of Technology Rights Medisafe 1 Technologies Corp. (OTC: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company intends to issue a one-time special dividend to all existing shareholders pending the perpetual license sale of technology rights to a third party.
As recently reported, Medisafe 1 Technologies has advanced negotiations to enter into a non-exclusive perpetual license agreement that would transfer rights for the full commercialization, marketing and distribution of its patented medicinal locking mechanism and bar-code matching system.
Terms of the sale include a one-time payment of $7MM. The perpetual license agreement is anticipated to be signed within 30 days, pending the results of a due diligence study by the intended buyer.
The estimated dividend amount payable to each shareholder of one common stock is $0.01.
“Upon the anticipated completion of this non-exclusive perpetual license agreement, we will be extremely pleased to be able to reward our shareholders with this special dividend,” said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. “Similarly, we intend to continue to update our shareholders with further information following the sale`s closing.” GREEN ENDEAVORS LIMITED (OTCBB: GRNE) “Up 100.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N43&L84&F=T Green Endeavors, Inc., headquartered in Salt Lake City, Utah, is a holding company with operations in health & beauty. GRNE owns a majority interest in several Aveda based businesses.
GRNE News:
September 10 – GRNE Enters Into a $10 Million Equity Purchase Agreement With Southridge Partners II LP Green Endeavors, Inc. (OTC: GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (OTC: NXHD), announced that it has entered into a $10 million equity purchase agreement (the “Agreement”) with Southridge Partners II, LP, a private investment fund specializing in direct investment and advisory services to small and middle market companies.
Pursuant to the Agreement, GRNE has the right, in its sole discretion, subject to the terms of the Agreement, to sell to Southridge up to $10 million of its common stock in tranches at a 9% discount to the then current market price over a 24 month period. The Company has the right, but is not obligated, to sell stock to Southridge depending on certain conditions as set forth in the Agreement.
Richard Surber, CEO, stated, “Upon the filing of an effective registration statement with The Securities and Exchange Commission, GRNE will be able to use the equity agreement to grow its operations and further improve its financial condition. The terms of the equity agreement are far more favorable than most other available methods of financing for a micro-cap company like GRNE. With proper financing, my team will be able to more fully focus on our expansion and operational plans.” Mr. Surber continued, “I expect my accounting staff and auditors to complete GRNE`s 1st and 2nd quarter Form 10Q`s for 2012 within the next two to three weeks. Upon filing the Form 10Q`s, GRNE will be current. However, we may be required to restate our last Form 10K as a result of reclassifying certain convertible instruments as derivative liabilities.
Once we correct the accounting treatment of these instruments and re-file, counsel will begin preparing the Form S-1 Registration Statement to comply with the terms of the Agreement.” PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX) “Up 15.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N43&L75&F=T Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol`s growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol`s goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.
PEIX News:
August 29 – Pacific Ethanol, Inc. to Present at the Wedbush Securities 2012 Clean Technology & Industrial Growth Conference Pacific Ethanol, Inc. (Nasdaq: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, is scheduled to present at the Wedbush Securities 2012 Clean Technology & Industrial Growth Conference in San Francisco on Wednesday, September 12, 2012 at 2:35 p.m.
Pacific Time.
Neil Koehler, president and chief executive officer, and Bryon McGregor, chief financial officer, will present Pacific Ethanol`s business strategy.
The presentation will be available live via webcast on Pacific Ethanol`s website. A replay will be available for a period of 90 days thereafter.
AMERICAN LIBERTY PETROLEUM CORPORATION (OTCBB: OREO) “Up 20.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N43&L04&F=T American Liberty Petroleum Corp. focuses on the acquisition, drilling, and production of oil and natural gas properties and prospects. It has an option agreement with Desert Discoveries, LLC, under which the company has an option to purchase Desert Discoveries interest in the Leases covering an aggregate of 9,877.28 acres of land located in Nye, Esmeralda, and Mineral Counties, Nevada. The company was formerly known as Oreon Rental Corporation and changed its name to American Liberty Petroleum Corp in May 2010. American Liberty Petroleum was founded in 2008 and is based in Bakersfield, California.
OREO News:
No recent news for American Liberty Petroleum Corp. (OTCBB: OREO).
BIOFUEL ENERGY CORPORATION (NASDAQ: BIOF) “Up 18.39% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N43&L87&F=T BioFuel Energy Corp. engages in the production of ethanol in the United States. It has two ethanol plants that produce 115 million gallons per year, which are located in Wood River, Nebraska and Fairmont, Minnesota.
The company was founded in 2006 and is headquartered in Denver, Colorado.
BIOF News:
August 17 – Five Star Equities Provides Stock Research on Archer Daniels Midland and BioFuel Energy Skyrocketing corn prices and lower gasoline demand in the U.S. has seen profits of ethanol producers drop drastically. Producers have begun to idle plants and/or slow production as a result. “Even the most profitable plants out there are barely breaking even in the current environment,” said Matthew Farwell, a New York-based analyst for Imperial Capital LLC. Five Star Equities examines the outlook for companies in the Ethanol Industry and provides equity research on Archer Daniels Midland Company (NYSE: ADM) and BioFuel Energy Corp. (Nasdaq: BIOF).
Access to the full company reports can be found at:
www.FiveStarEquities.com/ADM www.FiveStarEquities.com/BIOF Ethanol producers have battled record high corn prices, and tight domestic supply. The drought in the Farm Belt has drove corn-futures to an all-time high in July. Prices have relaxed a bit since then but have still surged over 40 percent since early June. It is estimated that approximately 40 percent of the nation`s corn output is consumed by the ethanol sector.
Major producer Archer Daniels Midland recently stated that their ethanol margins had crumbled to a loss of over 20 cents per gallon.
ADM delivers clean-burning ethanol to refiners through an expansive network of trucks, railcars, barges and terminals. The company makes ethanol from corn through an efficient process that also produces large amounts of animal feed. Bioproducts results for the quarter ended June 30, 2012 decreased $172 million to a loss of $61 million.
Biofuel Energy was founded in 2005 with initial production from two plants commencing in 2008. With both plants active, BioFuel Energy expects to produce 230 million gallons of fuel grade ethanol and approximately 720,000 tons of distiller grains annually.
SILVER FALCON MINING INCORPORATED (OTC: SFMI) “Up 10.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N43&L71&F=T Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. For further information, visit www.silverfalconmining.com.
SFMI News:
August 23 – Silver Falcon Mining, Inc. Receives Full Permit on Leaching Circuit; Provides Other Updates Silver Falcon Mining, Inc. (OTCBB: SFMI) reported that on July 26, 2012 the Board of Commissioners of Owyhee County granted Silver Falcon Mining, Inc.
a full permit to build and operate a “Closed Circuit Leaching Plant.” Management reports that no formal opposition was recorded by the prescribed appeal period of August 15, 2012 at 5 pm MT. The leaching plant permit is now effective.
This is the first permit to be issued in Idaho under the new EPA (Environmental Protection Agency) and DEQ (Department of Environmental Quality) rules and will be of immense value to the Company`s future operations.
The actual contents of the permit and its conveniences will be posted to the Company`s web site.
Final specifications and drawings for the Company`s Diamond Creek Metallurgical Lab have been reviewed and have been submitted to the Owyhee County Building Inspector`s office for approval and conversion of the building permit to SFMIs corporate name from the previous contractor`s.
SFMI`s permanent on-site staff will start the necessary work to complete the Lab building in the ensuing weeks ahead.
Drilling Program Update The Company`s Management submitted to the Bureau of Land Management, a site plan showing the location of buildings, equipment placements, and infrastructure workings of the area necessary to support the forthcoming SINKER TUNNNEL underground work. Upon receiving this site plan approval, SFMI will erect a secure fence around the SINKER TUNNEL area.
Diamond Creek Mill Update The Company completed the mill building expansion and the newly acquired floatation line equipment is being assembled. Adding, this circuit completely recovers all precious metals contained within the 30,000 tons of mill feed stored on the Diamond Creek Mill property. Once operational, in conjunction with the existing mill circuit, management believes it will generate approximately 3000 + tons of high grade ore bearing concentrate ready for processing through the proposed leaching line.
5th Annual Shareholders Meeting The Company`s “Fall 2011-2012 Annual Shareholder Meeting” will be held at the Company`s Diamond Creek Mill facility on September 21, 2012 at 1 pm MT.
All present will be able to see the positive and successful advancements and on-going progresses at SFMI.
Shareholders who would like to attend should contact Rich Kaiser, Investor Relations, Silver Falcon Mining, Inc., to place necessary reservations for transportation and other particulars prior to the September 21, 2012 meeting.
Pierre Quilliam, CEO, communicates, “The Company is proceeding at a rapid pace on the many fronts necessary to convert operations from an exploration company to a full-fledged producer. Although a large amount of work remains to be done for the full mining plan to bear fruits, the present management team has overwhelmingly succeeded on a number of initiatives. With SFMI getting the closed loop system permit, this shows that governmental bureaucracies trust the Company`s professional teams, and both the current and future operational status at SFMI. Gaining the trust within local, state and federal agencies cannot always be an easy task for a mining operation, but we are grateful for the on-going cooperation between SFMI and all agency representations. I look forward to meeting those shareholders who will be attending SFMI`s 5th annual shareholders meeting at the Company`s Diamond Creek Mill.” 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.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.
We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N43&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N43&L=8&F=T.
Disclosure: OTCPicks.com is not currently being compensated by any of the companies covered in this release.
Related posts:
- OTCPicks.com Stocks to Watch for Monday, September 10th
- OTCPicks.com Daily Market Movers Digest Midday Report for Monday, August 27th
- OTCPicks.com Daily Market Movers Digest Midday Report for Friday, September 7th
- OTCPicks.com Daily Market Movers Digest Midday Report for Friday, December 2nd
- OTCPicks.com Stocks to Watch for Monday, December 5th