Tuesday, August 24, 2010

ACTC to Hot to Touch?

Today ACTC announced that their proprietary “embryo-safe” technology will not fall under the recent ban placed on embryonic stem cell research.

Aug. 24, 2010 (Business Wire) -- Advanced Cell Technology, Inc. ("ACT”; OTCBB:ACTC stock news) commented today on yesterday’s federal court ruling, temporarily blocking federal funding for embryonic stem cell research involving the destruction of embryos. The company believes that this will add to the pressure on the NIH to find appropriate sources of human ES cells that can be funded in the context of this preliminary injunction. It is notable, then, that ACT’s proprietary “embryo-safe” Single Blastomere technique for deriving human embryonic stem cells (hESCs), documented in Nature and CELL Stem Cell magazines and elsewhere, does not require destruction of the embryo and as a consequence may not be directly affected by this ruling. ACT does not rely on government funding for any of its research or product development. Accordingly, there is no current impact on the company’s business.

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Tuesday, August 10, 2010

ABK Talks Bankruptcy and Stock Falls

A few months ago I hit a grand slam with my purchase of ABK.  At the time the company reported a sudden turn to profit.  The previous profit Ambac reported was a blip on the radar due to some tax benefits.  The company is once again in financial turmoil and is considering bankruptcy.  A bankruptcy for shareholders of ABK will certainly result in the delisting of ABK shares to the pink sheets or newly formed OTCmarkets. In most cases shareholders are the last to be made whole in bankruptcy and generally receive nothing.  At this time ABK is extremely risky! I'm afraid those who made the last ABK momo play will take it in the shorts if they stick around!

Have you noticed the new trend? Investor relations professionals are finding it more difficult to take restricted and common stock and register it for sale as a corporate entity. The old way of investor relations is on the way out, it's either cash or nothing.
You have heard the pitch before.  Investor relations professionals promise the world, and deliver much less. Find out about the sales approach to investor relations.

PennyMarkets and its contributes are not registered investment advisers, and make no claim to be!  Always consult a registered investment professional prior to making any investment. Investors can, and often do lose all of their investment!

Monday, August 09, 2010

FNM and FRE Demoted to OTCBB

After months of trading on the NYSE has penny stocks, FNM and FRE begin trading on the OTCBB.  In addition to their demotion to the OTCBB, Freddie Mac is seeking an additional 1.8 billion in bailout funds whil Fannie Mae issued a 1.2 billion net loss.  With losses mounting the American tax payer remains on the hook for the losses.

FNM now trades on the OTCBB as FNMA, and FRE now trades as FMCC.