OTCPicks.com Daily Market Movers Digest Midday Report for Monday, December 10th

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OTCPicks.com Daily Market Movers Digest Midday Report for Monday, December 10th NLST, CIRC, IGOI, GERN, GLDN, SPOW Our Stocks to Watch today include Netlist Inc. (NASDAQ: NLST), CirTran Corp. (OTC: CIRC), iGO Inc. (Nasdaq: IGOI), Geron Corp. (Nasdaq: GERN), Gold Dynamics Corp. (OTC: GLDN) and Sky Power Solutions (OTCBB: SPOW).

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NETLIST INCORPORATED (NASDAQ: NLST) “Up 38.05% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N41&L99&F=T Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for the server and high-performance computing and communications markets. The Company`s memory subsystems are developed for applications in which high-speed, high-capacity memory, functionality, small form factor, and heat dissipation are key requirements. These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment. Netlist was founded in 2000 and is headquartered in Irvine, California with manufacturing facilities in Suzhou, People`s Republic of China.

NLST News:

December 10 – SMART Modular Patent Claims Rejected by the United States Patent & Trademark Office Netlist, Inc. (NASDAQ: NLST), a leading provider of high performance memory solutions for the cloud computing market, announced today that the United States Patent and Trademark Office (USPTO) has ordered reexamination and rejected all of the claims of United States Patent No. 8,250,295 (`295 patent) which have been asserted in a patent infringement lawsuit filed by Smart Modular Technologies, Inc. (“SMART”) against Netlist. Netlist requested reexamination of the claims on September 15, 2012 by presenting the USPTO with six different combinations of prior art that had not been considered in the original examination of the `295 patent. After reviewing Netlist`s reexamination request, the USPTO concluded that there is a reasonable likelihood that these claims will be found invalid based on each of the six combinations and thus ordered reexamination. The USPTO then followed the order granting reexamination with an Office Action where it formally rejected the claims based on the same six prior art combinations.

“We are very pleased with the timely decision by the USPTO to reject all requested claims of the `295 patent in light of six different combinations of prior art,” said Netlist President and CEO C.K. Hong. “The USPTO`s recent decision to reject SMART`s claims underscores the materiality of the prior art that had not yet been considered. In addition, the new patent law sets a higher threshold for ordering reexamination than in the past by requiring a reasonable likelihood of prevailing. For that reason, we feel strongly that the USPTO will ultimately cancel the claims of the `295 patent, thereby eliminating the sole basis for SMART`s patent infringement lawsuit.” CIRTRAN CORPORATION (NASDAQ: CIRC) “Up 50.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N41&L1&F=T Set to mark its 20th year in business in 2013, CirTran Corporation (www.cirtran.com) has evolved from its roots as an international, full-service contract manufacturer. From its headquarters in Salt Lake City, Utah, where it operates, along with its Racore Technology (www.racore.com) electronics manufacturing subsidiary, from an ISO 9001:2000-certified facility, CirTran has grown in scope and geography.

Today, CirTrans operations include: CirTran-Asia, a subsidiary with principal offices in ShenZhen, China, which manufactures high-volume electronics, fitness equipment, and household products for the multi-billion-dollar direct response industry; CirTran Online, which offers products directly to consumers through major retail web sites; and CirTran Beverage, which has partnered with Play Beverages, LLC, to introduce and distribute the Playboy Energy Drink.

CIRC News:

December 7 – U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses Play Beverages, LLC announced today that the U.S. Bankruptcy Court for the District of Utah has ruled in its favor and vacated its bankruptcy, freeing it to take legal actions to protect the product license granted for its Playboy Energy Drink.

Judge Joel T. Marker rejected a motion by petitioning creditors, led by the same three creditors who first put Play Beverages into involuntary Chapter 7 bankruptcy in April 2011. The judges ruling takes Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.

The Bankruptcy Courts ruling also reject the motion of the U.S. Trustee overseeing the bankruptcy case to convert the case to Chapter 7 or to have it dismissed. If converted, a trustee would have been appointed to liquidate Play Beverages business to repay creditors.

The dismissal followed a two-day evidentiary hearing, with Play Beverages stipulating to an order of dismissal, saying it did not need bankruptcy protection.

The ruling by Judge Marker to take Play Beverages out of bankruptcy, allowing the resumption of normal business activities, is the end of a nightmare, said Iehab J. Hawatmeh, CirTrans president. Now, after 18 months of seeing every aspect of our business impacted negatively, we can move forward to hopefully regain our momentum and resume growing our beverage business.

Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation (OTC: CIRC) under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world.

IGO INCORPORATED (NASDAQ: IGOI) “Up 8.57% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N41&L33&F=T iGO has been a leader in the mobile accessories industry since 1995, offering premium power solutions for laptop computers and electronic mobile devices that enhance the possibility of living life fully charged. iGO`s universal chargers, batteries, and audio accessories offer support and performance that elevates the mobile consumer experience.

IGOI News:

December 6 – iGO Sets the Quality for Power Solutions With New Line of Portable Battery Products Rechargeable Portable Batteries Keep Your Favorite Devices Powered On the Go iGO (Nasdaq: IGOI) announced the launch of a new portable battery line that brilliantly embodies the company`s reinvigorated design philosophy, which was rolled out last month. Designed and engineered for a variety of devices, including smartphones and tablets, the iGO portable batteries are compact and easy-to-use power solutions for people on the go.

“The goal with the newly refined identity of iGO is to capture the energy of our customers and accurately provide them with products to complement their mobile lifestyles,” said Phil Johnson, VP of Product Development, iGO. “The iGO portable battery products embody this goal by ensuring that smartphones, tablets, and e-readers always have access to power.” The stylish iGO Portable Battery products provide power to devices such as smartphones and tablets. There`s no need to search for a wall outlet this product works without being plugged into a power source. The compact design allows the iGO Portable Battery to fit easily into your pocket or purse, and all models are engineered to work with most USB power cables.

GERON CORPORATION (NASDAQ: GERN) “Up 26.41% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N41&L40&F=T Geron Corporation, a biopharmaceutical company, develops therapies for cancer. Its clinical development product candidates include Imetelstat, a telomerase inhibitor, which is in Phase II clinical trials for the treatment of metastatic breast cancer, advanced non-small cell lung cancer, thrombocythemia, and myeloma. The company was founded in 1990 and is based in Menlo Park, California.

GREN News:

No recent news for Geron Corporation (Nasdaq: GREN).

GOLD DYNAMICS CORPORATION (OTCBB: GLDN) “Up 64.50% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N41&L42&F=T Gold Dynamics Corp. is an emerging precious metal explorer focused on under-explored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.

GLDN News:

December 10 – Gold Dynamics Discovers Platinum and Palladium on Hoyle North Property Mr. Gary Kirk, CEO/President of Gold Dynamics Corp. (OTC: GLDN) reports that recent soil samples from the Hoyle North property submitted for Broad Spectrum testing by Aqua Regia were re-submitted for Fire Assay. Aqua Regia is an excellent broad strokes test for early stages definition of what a property has to offer but does not identify Platinum and Palladium in the test results. Four samples were re-submitted for testing by Fire Assay and each sample confirms the presence of Platinum(Pl) and Palladium(Pd) along with Gold(Au) which were the 3 elements tested for.

Mr. Gary Kirk said, “I am extremely pleased and excited that we have optioned into the Hoyle North property, early stage results continue to show that we are working on a highly mineralized property that holds every potential for exploration success. To date every sample we have delivered for testing has recorded significant showings of base metals, rare earth elements or precious metals. The Timmins/South Porcupine area which we are in is an extremely active mining community with all of the infrastructure that comes with these efforts in place and available to us going forward.

“The Hoyle North property is situated with Goldcorps Hoyle Pond mine on one side and Xstrata Coppers Kidd Creek Mine on the other with many smaller companies such as Lakeshore Gold, Brigus Gold and many others exploring, developing and in production just short distances away. A limited sampling was tested by Activation Laboratories at their facilities in Ancaster, Ontario on my instruction to confirm the presence of gold but to expand the known presence of precious metals by testing for Platinum and Palladium as well.

“I am extremely pleased to be able to report that by doing even a limited Fire Assay test run that we have managed to expand our numbers of minerals discovered on our property to 56. Our primary focus remains exploring for precious metals and we have now been able to confirm the presence of gold, silver, platinum and palladium which leaves this project wide open to achieving success for our efforts.” The next steps for us will include geologic interpretation from a contracted geologist of our results to date, a magnetic survey which will give us a better understanding on the depth of mineralization available to us and provide more targets, expanding our land holdings when possible, more sampling as needed and finally drilling to depth to bring us nearer being able to table a resource estimate.” The Hoyle North project was acquired by option in March 2012, it resides approximately 18kms from Timmins, Ontario and 6 kilometres from the Destor-Porcupine fault which has been a prodigious gold mining area since the early 1900s. Hoyle North is approximately 12 square kilometres in size and is situated between Goldcorps Hoyle Pond Mine (Au, Ag, contiguous) and Xstratas Kidd Creek Mine (Cu, Zn).

Hoyle North is located near the west end of the Neo-Archean Abitibi greenstone belt which runs through Quebec into Ontario, it is one of the most active mining and exploration zones in Canada. Active mines and deposits include Xstrata with the Kidd Creek Mine, Goldcorp with Hoyle Pond Mine as major players, with smaller producing companies such as Brigus Gold with the Black Fox Complex and Lakeshore Gold with Timmins West. Large deposits of gold (Au) include Owl Creek and Bell Creek. All of the aforementioned companies and deposits reside within a 10 km radius of the Hoyle North property. Given the major mining and exploration efforts in the area, infrastructure such as power, roads, labs, equipment and labour are readily available.

SKY POWER SOLUTIONS CORPORATION (OTCBB: SPOW) “Up 38.60% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N41&L33&F=T Sky Power Solutions Corp. focuses on developing a standalone residential solar generation system for homeowners. It also intends to develop rechargeable lithium ion batteries for power production for various uses, including hybrid vehicles and other applications. The company is based in Las Vegas, Nevada.

SPOW News:

December 10 – Sky Power Solutions (OTCBB: SPOW) Agreement Signed for R&D and Distribution License Sky Power Solutions, Corp. (OTCBB: SPOW) (www.skypowersolutions.com), an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector power systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions using Sunlight as the only fuel, is pleased to announce that further to PR dated December 3, 2012, Sky Power has finalized and both parties have signed the Agreement for R&D and distributing license in Canada.

Sky Power confirms the distribution license will be for the territory of Canada where federal and provincial governments have implemented generous Initiatives. According to ClearSky Advisors, Inc. it is estimated that the private sector investment of solar PV in the province of Ontario in 2011 is 2 billion dollars. The electricity generation by one solar concentrator is enough to power a home and sell the excess to the grid for revenue back to the owner. The proprietary solar concentrator demonstrates a major increase in efficiency and will generate electricity even with up to 70% cloud coverage and therefore it is a favored device to be deployed in Canada.

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