DrStockPick.com Stock Report! 9/11/09, JAGH, DARA, NOK, PLCSF, SCLD, ABFS
DrStockPick.com Stock Report!
Friday September 11, 2009
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JAG Media Holdings, Inc. (OTC Bulletin Board: JAGH) has entered into an agreement with The Investor Relations Group, Inc. (”IRG”), pursuant to which IRG will provide various investor relations and public relations services for the Company in accordance with the terms of the agreement. As of Tuesday, September 15th, all stockholders should address any inquiries directly to IRG.
DARA BioSciences, Inc. (Nasdaq:DARA), a development-stage pharmaceutical company, today announced that it has entered into a definitive agreement with several institutional investors to sell 6,578,947 units, with each unit consisting of one of the Company’s common shares and 0.75 warrants to purchase one share of common stock, for gross proceeds of approximately $2.5 million, before deducting placement agent fees and estimated offering expenses, in a “registered direct” offering. The investors have agreed to purchase the units at a purchase price of $0.38 per unit. The warrants, which represent the right to acquire 4,934,210 million common shares, will be exercisable at any time on or after March 15, 2010 and prior to the 5-year anniversary of the closing of the transaction at an exercise price of $0.616 per share, which was above the closing price of the Company’s common shares on the NASDAQ Capital Market on September 10, 2009. Moody Capital Solutions, Inc., acted as placement agent for the offering.
Nokia (NYSE: NOK) and Plum today announced that Nokia has acquired certain assets of Plum Ventures, Inc, a privately held company which employed approximately 10 people with main offices in Boston, Massachusetts. Plum will complement Nokia’s Social Location services.
PLC Systems Inc. (OTC Bulletin Board: PLCSF), a company focused on innovative cardiac and vascular medical device-based technologies, today provided an update on its marketing activities at ESC Congress 2009, the annual meeting of the European Society of Cardiology, August 29 - September 2, 2009 in Barcelona, Spain. More than 30,000 clinicians and professionals attended this event, including representatives from potential partners and distributors for RenalGuard((R)).
SteelCloud, Inc. (Nasdaq: SCLD), a leading developer of mobility appliance software, today announced that it entered into an agreement with Westminster Securities, a Division of Hudson Securities, Inc. (OTC Bulletin Board: HDHL), to offer the shares of common stock and accompanying warrants that SteelCloud is registering with the Securities and Exchange Commission pursuant to a Registration Statement on Form S-1. The Company’s officers and directors also have the right to offer the shares of common stock and accompanying warrants directly.
Arkansas Best Corporation (Nasdaq: ABFS) will appear at the Morgan Keegan Industrial/Transportation Conference in Chicago on Thursday, September 17 from 9:45 a.m. until 10:10 a.m. CT. Robert A. Davidson, President and Chief Executive Officer and Judy R. McReynolds, Senior Vice President, Chief Financial Officer and Treasurer will make a company presentation. The live program will be webcast (in a listen-only mode) and an archive will be available following the presentation.
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