DrStockPick.com Stock Report! 10/08/09, SIRI, TMEN, TRGT, AA, TEX, GRMC
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Thursday October 8, 2009
DrStockPick.com Stock Report!
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SIRIUS XM Radio (Nasdaq: SIRI) today announced that OutQ, the nation’s first and only 24/7 radio channel dedicated to the LGBT community, will broadcast extensive coverage of the National Equality March in Washington, DC this weekend including live coverage of President Obama’s keynote address at the Human Rights Campaign National Dinner on October 10. The Equality March is an event organized to fight for equal protection for LGBT people in all matters governed by civil law in all 50 states.
ThermoEnergy Corporation (Pink Sheets: TMEN) today announced that, in connection with a restructuring of its outstanding debt and the closing of the first tranche of an anticipated $10.4 million investment by four of its largest shareholders, the Company and The Quercus Trust have filed joint motions for dismissal of the law suits filed by Quercus against the Company in the Delaware Court of Chancery and the U.S. District Court for the Eastern District of Arkansas and that both law suits have been dismissed.
Targacept, Inc. (NASDAQ: TRGT) announced today that the recently announced underwritten public offering of 2,200,000 shares of its common stock has been priced at a price to the public of $21.00 per share. As previously announced, Deutsche Bank Securities will act as sole manager for the offering and Targacept has granted Deutsche Bank Securities an option to purchase an additional 320,000 shares of common stock to cover over-allotments, if any.
Nanotechnology breakthroughs will be essential in developing game-changing solutions to address world issues, such as energy shortages, environmental concerns and greater connectivity, said Alcoa (NYSE:AA) Executive Vice President and Chief Technology Officer Mohammad A. Zaidi at Rusnanotech ‘09, the second international nanotechnology forum held in Moscow Oct. 6-8.
Terex Corporation (NYSE: TEX) today announced that George Ellis has been named President, Terex Construction, effective immediately. He will report to Tom Riordan, Terex President and Chief Operating Officer.
Goldrich Mining Company (OTCBB: GRMC) reports the successful completion of its 2009 alluvial gold mining test on Little Squaw Creek at its Chandalar property, located 200 miles north of Fairbanks, Alaska. The brief pilot program involved a full-scale mining test that produced 593.5 ounces of placer gold. The test mining yielded valuable mining and engineering data that will enable the Company to ramp-up the project into commercial production in the spring of the coming year. The mining objectives of the pilot operation were completely fulfilled.
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