HANFORD, Calif:, March 16, 2010 Thresher Industries, Inc has been considering an offer that they received on March 9, 2010 to purchase their company. Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced that the proposed offer to sell the company was approved. As stated previously, in the opinion of the Board of Directors this offer represents an extremely attractive offer with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries have advised the Board of Directors that they can act on this offer without shareholder approval. The Board of Directors has been in contact with the major shareholders for the company and all parties have agreed with the action of the board to consent to the sale for a price of $0.01 for all outstanding shares. This is a premium price compared to the recent trading range for the company. The anticipated completion and closing of the deal could be as soon as April 10, 2010.
Technical Outlook: THRR broke out above the psychological .001 area yesterday. THRR also have a technical breakout above the 200 day moving average (.001) The Stock Wizards.net Technical Analysis of the chart was right on the money and was put on our very popular weekend focus list “Weekly Top 10,” for the first time.
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Boca Raton FL, http://www.TheStockWizards.net a Premiere Financial Portal & InvestorRelations Firm that brings a wealth of trading resources to Small Cap Investors, has compiled a list of stocks on the OTCBB, and Pink Sheet Markets that have positive technical indicators and may provide continued trading opportunities for investors.
LAS VEGAS, March 17, 2010 Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com ), focused on bringing the life saving potential of stem cells, a biological insurance policy, to families nationwide and internationally, today announced its has produced a new edition of Corporate Profile, which is used to answer inquiries about the Company from brokers, investors and other interested individuals.
Technical Outlook: CBAI Traders and Investors were waiting for confirmation of a short-term bottom. We got that confirmation yesterday as the stock broke above its 20 day moving average (.009). We have minor resistance at the 50 day moving average .0108. A weekly close above this level will spark another round of momentum buying in the stock. CBAI is up 7% on 24 million shares traded in the morning session.
BOONTON, N.J., Mar 17, 2010 Unigene Laboratories, Inc. (OTCBB: UGNE, http://www.unigene.com) today announced that it has entered into an amended and restated financing agreement for $33 million three-year convertible senior secured term notes. At the closing, which is scheduled to occur today, Unigene will issue $33,000,000 of new convertible senior secured notes due in 2013, in exchange for approximately $19,360,000 of existing non-convertible senior secured term notes which are due in 2011 and the payment to the Company of approximately $13,640,000 in cash at the closing, minus fees related to this restructuring. An entity managed by Victory Park Capital Advisors, LLC is the sole investor in the transaction. Victory Park has the right to designate two directors to the Board of the Company, one as the Chairman of the Board. In connection with this restructuring, Unigene has also restructured notes held by family members of its management. The Company has also agreed to make changes to its senior management. Details of the transaction and copies of the material transaction documents can be found in the Company’s 8-K which will be filed today with the SEC.
Technical Outlook: UGNE broke above its 50 day moving average (.64). the technicals are shaping up nicely on the stock. We have some minor resistance at .85 then 1.00. Use the 50 day moving average as a support level. UGNE is up 20% on 185,000 shares traded in the morning session.
BELLEVUE, Wash., Mar 16, 2010 Telanetix, Inc. (OTCBB:TNXI), a leading communications solutions provider offering next generation voice services and solutions to the business market, today reported financial results for its fourth quarter and year-ended December 31, 2009.
Technical Outlook: TNXI broke above a few key technical indicators this morning. The stock has broken above the psychological .10 area and has also broken above the 200 day moving average, is long-term resistance level. Support is .10 Resistance .16. TNXI it is up 79% on heavy volume of 1.2 million shares traded this morning.