DrStockPick.com Stock Report!
Tuesday August 25, 2009
Unico, Incorporated (OTCBB: UNCO), a natural resource company in the precious metals mining sector, today announced several promotions and changes to the management team. The changes will be reflected in a Current Report on Form 8-K expected to be filed by the company within the next several days.
AVI BioPharma, Inc. (NASDAQ: AVII) today announced the closing of the public offering of 24,295,775 shares of common stock and warrants to purchase an additional 9,718,310 shares of common stock for gross proceeds of approximately $34.5 million. AVI BioPharma sold the shares and warrants for a price of $1.42 per unit (each unit consists of one share of common stock and a warrant to purchase 0.40 of a share of common stock). The shares of common stock and warrants are immediately separable and will be issued separately. The warrants have an exercise price of $1.78 per share of common stock, have a term of five years, and are exercisable starting with the date that is six months from the date of the closing of the offering.
Man Sang Holdings, Inc. (NYSE Amex: MHJ), a Nevada corporation, announced today that its stockholders approved a corporate reorganization to effectively change Man Sang Nevada’s place of incorporation from Nevada to the British Virgin Islands.
Hall of Fame Beverages (PINKSHEETS: HFBG) is proud to announce the recent engagement of Star & Buc Wild to help expose Atomic Dogg Energy Drink. Star & Buc Wild are multimedia personalities whose careers have spanned the arenas of radio, television, publishing and the worldwide web. Their style of “no-style” and reality-based humor punctuate today’s dynamic hip-hop culture.
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the following shareholder information updates: BioCentric President Dennis Fisher today announced, “BioCentric has just completed a generic ‘Business Plan for a Ten Acre Algae Farm’ for qualified registered clients who have signed our NCNDA. We also put together a variable Excel spreadsheet to go with the 10 Acre Solution to ascertain accurate projections predicated on which strain and desired end results (i.e. Biodiesel and residue biomass, nutritional supplement, ethanol, etc.).”
ETRADE FINANCIAL Corporation (NASDAQ: ETFC) announced today the closing of its debt exchange offer for certain of its outstanding interest-bearing notes (the “Exchange Offer”). In connection with the Exchange Offer, the Company issued an aggregate of $1,739,616,000 aggregate principal amount of zero coupon Class A Convertible Debentures (the “Class A Debentures”) and $2,255,000 aggregate principal amount of zero coupon Class B Convertible Debentures (the “Class B Debentures”). The Class A Debentures and Class B Debentures will be convertible into shares of the Company’s common stock at initial conversion prices of $1.0340 and $1.5510 per share, respectively, but are otherwise identical in all respects. Based upon their respective initial conversion prices, the Class A Debentures will be convertible into 1,682,413,926 shares of the Company’s common stock and the Class B Debentures will be convertible into 1,453,900 shares of the Company’s common stock.
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