VirtualHealth Technologies, Inc. (OTCBB) VHGI
LEXINGTON, Ky., April 8, 2010 VHGI Holdings, Inc. (OTC Bulletin Board: VHGI) announced today that its subsidiary VHGI Energy, LLC, through its relationship with Gulf Coast Exploitation, was the successful bidder on oil and gas leases on 1,280 contiguous acres in the Texas State Waters. These leases, which are located in the High Island, Jefferson County, Texas area, will be for five-year terms and will be signed by the Texas General Land Office within 30 days. The 1,280 acres encompasses a structural feature adjacent to the High Island 60 Field which has produced an estimated 3 million barrels of oil. Gulf Coast Exploitation was the successful bidder on the leases, paying $506,400.00, and has agreed to assign the leases to VHGI Energy. VHGI Energy will hold a 100% working interest in the leases, which will equate to a net royalty interest ranging from 80% to 75% (depending on achieving development milestones within the 5 year term), which net royalty interest will be shared with Gulf Coast Exploitation on a basis to be determined.
Technical Outlook
VHGI has been in a nice consolidation phase between .15 and .18. A weekly close above .18 sets us up for a breakout above the 200 a moving average (.21) in the near future.
Andes Gold Corp. (OTC) AGCZ
NEW YORK, NY, Apr 08, 2010 Andes Gold Corporation (PINKSHEETS: AGCZ) announced today that its production numbers are rising once again with January to February 2010 Summary Production numbers up 85%.
Technical Outlook:
AGCZ is coming off very oversold conditions. The timing of the news could not have been any better in conjunction with the chart. Traders and Investors will be watching for the test of the 50 day moving average (.13) for confirmation of this bottom reversal in the next few weeks. AGCZ is currently up 175% on 4.8 million shares traded in the morning session.
Genta Incorporated (OTCBB) GETA
BERKELEY HEIGHTS, N.J., Apr 06, 2010 Genta Incorporated (OTCBB: GETA.OB) today announced that the U.S. Food and Drug Administration (FDA) has granted the Company’s request for “Fast Track” designation of tesetaxel for treatment of patients with advanced gastric cancer. Tesetaxel — a late Phase 2 oncology product — is the leading oral taxane currently in clinical development.
Technical Outlook
GETA Traders and Investors are watching the very critical .11 resistance level this morning. A weekly close above this level will trigger even a bigger momentum buying in the stock. We are using the 50 day moving average (.09) as a weekly support level for the next 5 to 10 trading days. GETA is currently up 26% on 32 million shares traded and early morning session.
Propalms, Inc. (OTC) PRPM
Microsoft’s Windows R2 product. Propalms plans to generate over $1 Million in revenue through the global sales of its new VPN 3.5, which will help the Company gain significant market share in the $5.8 Billion virtual applications +market. During the Company’s nationwide teleconference yesterday, Owen Dukes, CEO of Propalms, was able to update the financial community about Propalms VPN software growth within the Virtual Applications Market, its continued relationships with PricewaterhouseCoopers, VMware, Toyota and Microsoft; the Company’s goal to continue to develop products in line with Microsoft’s latest operating systems, as well as the status on the release date of Propalm’s Virtual Desktop Infrastructure (VDI) software product. Robert Zysblat, President of Propalms, Inc. discussed the Company’s recent 32% monthly sales increase compared to the previous corresponding year, status of its sale of Focus Systems, Inc. and what the impact of the pending sale will have on the Company and its shareholders.
Technical Outlook
PRPM broke out above a key technical level the 200 day moving average (.006). A 200 day moving average breakout can produce significant gains. We are using this moving average as a strong support level from this point on to remain bullish on the stock.
PRPM. is currently up 32% on 11 million shares traded in the morning session.
