Provident Bank is proud to announce that Ruben Muniz, has joined the bank as the Vice President, MIS Officer. In this position, Muniz will help devise and implement new strategies for management information reporting using state-of-the-art business intelligence software tools and systems.
With nearly 30 years of professional experience, Mr. Muniz brings a wealth of valuable knowledge of information technology to Provident Bank.
“Ruben is an important addition to our team,’’ said George Strayton, President and Chief Executive Officer of Provident Bank. “His experience in developing long-term business strategies will help us to become more efficient and better serve our clients.”
Most recently, Mr. Muniz provided management consultant services to small to mid-sized firms through his own management consulting and business strategy company, Muniz Business Solutions, LLC. Prior to that, he served as Vice President of Business Intelligence Solutions for CompIntelligence Inc. in New Canaan, Connecticut. He also held the position of Business Manager with HSBC Bank in New York.
In 2008, Mr. Muniz was recognized as among the Top 100 by the Hispanics in Technology Executive Council. The year before that he was selected the PRIMER (Puerto Rican in Management & Executive Roles) Leader of the Year.
Mr. Muniz has served as CEO of the Association of Latin Professionals in Finance, (ALPHA) New York chapter.
Visit the Provident Bank Web site at http://www.providentbanking.com
Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts
Monday, June 28, 2010
Thursday, June 24, 2010
Rutgers Business Plan Competition awards entrepreneurial students with viable start-up ideas
When around a business long enough, eureka moments to create a business that fills a need and makes money come and go. Sometimes an idea makes so much sense it’s a wonder it isn’t being done. But then the old adage “it takes money to make money” comes into play and the idea dies. Enter the Rutgers Business School (RBS) Business Plan Competition, an annual event that has been awarding cash prizes to entrepreneurial students for 10 years to give great ideas the push to start a viable business.
Sunay Shah (RBS MBA ’10) saw an opportunity to jumpstart his business idea by entering the 2010 competition. Shah’s winning idea, to provide patients waiting to receive care in a doctor’s office a hand-held interactive device with their personal health records and customized medical information loaded on it, was one of 31 business plans entered in the competition. Shah and partner Maria Frantz, who received a Masters in Science – Biostatistics from Rutgers, won the $20,000 first place prize to invest into their business.
“Servicing technology for physicians for the past 10 years, I started seeing a lot of things in doctor’s offices that could be done to close the information gap between doctor and patient,” said Shah, who founded his company StratiMed in 2008. “This money will immediately allow us to buy the hardware and software needed to start selling,” he said.
Open to students in the RBS undergraduate, MBA, and Executive MBA programs as well as recent RBS alumni, teams competed for $35,000 in cash prizes provided by the Sales Executives Club of Northern New Jersey Foundation. “The Business Plan Competition shows Rutgers commitment to encourage entrepreneurship,” said Richard Romano, president of the Sales Executive Club of Northern New Jersey Foundation, and member of the RBS Board of Advisers.
There was a tie for second place between Equal Footing, submitted by Dan Spindler, Executive MBA – Marketing, 2010, and Big Day Network, submitted by Mike DeCesare, BS in Business, expected December 2010, with each team winning $7,500.
Spindler’s idea for Equal Footing came from his wife who teaches handicapped children. “We want to create a web-based tool to advance the life of people with disabilities,” he said. Spindler said the business plan competition money would help him do a lot of marketing to promote the idea.
With an enthusiastic grin, DeCesare said that his idea came from his mother who has always wanted to be a wedding planner. The Big Day Network website, which is hoping to “transform the event planning industry,” according to DeCesare, will be launched in September thanks to the business plan competition prize money.
The objective of the Business Plan Competition is to encourage the development of students’ business plans that have the potential to be funded and launched. More than just a competition, “it is a reflection of Rutgers Business School’s strong corporate partnerships and its emphasis on preparing its students and graduates to succeed in applying business concepts to real-world challenges,” said Michael R. Cooper, PhD., Dean of Rutgers Business School.
Previous winners were in 2009, The Intersect Fund, a micro lender based in New Brunswick and comprised mostly of volunteer Rutgers Students, and in 2008, Bookswim, a book rental service with a similar business model to the one Netflix uses.
For more information visit: http://mba.business.rutgers.edu
- Daniel Stoll
dstoll@business.rutgers.edu
Sunay Shah (RBS MBA ’10) saw an opportunity to jumpstart his business idea by entering the 2010 competition. Shah’s winning idea, to provide patients waiting to receive care in a doctor’s office a hand-held interactive device with their personal health records and customized medical information loaded on it, was one of 31 business plans entered in the competition. Shah and partner Maria Frantz, who received a Masters in Science – Biostatistics from Rutgers, won the $20,000 first place prize to invest into their business.
“Servicing technology for physicians for the past 10 years, I started seeing a lot of things in doctor’s offices that could be done to close the information gap between doctor and patient,” said Shah, who founded his company StratiMed in 2008. “This money will immediately allow us to buy the hardware and software needed to start selling,” he said.
Open to students in the RBS undergraduate, MBA, and Executive MBA programs as well as recent RBS alumni, teams competed for $35,000 in cash prizes provided by the Sales Executives Club of Northern New Jersey Foundation. “The Business Plan Competition shows Rutgers commitment to encourage entrepreneurship,” said Richard Romano, president of the Sales Executive Club of Northern New Jersey Foundation, and member of the RBS Board of Advisers.
There was a tie for second place between Equal Footing, submitted by Dan Spindler, Executive MBA – Marketing, 2010, and Big Day Network, submitted by Mike DeCesare, BS in Business, expected December 2010, with each team winning $7,500.
Spindler’s idea for Equal Footing came from his wife who teaches handicapped children. “We want to create a web-based tool to advance the life of people with disabilities,” he said. Spindler said the business plan competition money would help him do a lot of marketing to promote the idea.
With an enthusiastic grin, DeCesare said that his idea came from his mother who has always wanted to be a wedding planner. The Big Day Network website, which is hoping to “transform the event planning industry,” according to DeCesare, will be launched in September thanks to the business plan competition prize money.
The objective of the Business Plan Competition is to encourage the development of students’ business plans that have the potential to be funded and launched. More than just a competition, “it is a reflection of Rutgers Business School’s strong corporate partnerships and its emphasis on preparing its students and graduates to succeed in applying business concepts to real-world challenges,” said Michael R. Cooper, PhD., Dean of Rutgers Business School.
Previous winners were in 2009, The Intersect Fund, a micro lender based in New Brunswick and comprised mostly of volunteer Rutgers Students, and in 2008, Bookswim, a book rental service with a similar business model to the one Netflix uses.
For more information visit: http://mba.business.rutgers.edu
- Daniel Stoll
dstoll@business.rutgers.edu
Monday, June 21, 2010
Clydesdale Bank and Elite Ayrshire Business Circle golfers raise £10,000
The third annual charity golf competition organised by Clydesdale Bank’s Ayrshire Financial Solutions Centre and the Elite Ayrshire Business Circle was held at Brunston Castle Golf Course, and for the third year running raised more than £10,000 for charity.
Seventeen teams from across the county entered the Golf Day, raising a total of £10,044 for the Ayrshire Hospice and Help the Hospices, including a donation by Clydesdale Bank.
The team from financial advisors Thomson McCallum were the winners on the day, with QTS Group providing the prize, and last year’s winners ARPL Architects Ltd taking second spot, sponsored by Giles Insurance. Other prizes included four nearest the pins, sponsored by L&M Survey Services and a longest drive sponsored by Sinclair Scott Chartered Accountants.
Following the day’s play Clydesdale Bank also organised a charity auction, with prizes including a four-ball round of golf at either Royal Troon, Prestwick, Turnberry or Western Gailes and hospitality packages from Kilmarnock FC, Clydesdale Bank, Logan Jewellers and West Sound Radio.
Brunston Castle Golf Course general manager Cheryl Steven commented: “Brunston Castle Golf Course was proud to host the Clydesdale Bank and Elite Ayrshire Business Circle Charity Golf Day 2010 to raise funds for the Ayrshire Hospice.
“I would like to take this opportunity to thank all players and organisers for choosing Brunston Castle Golf Course as their venue for 2010.”
Elite Ayrshire Business Circle executive chairman and Frazer Coogans Solicitors senior partner Norman Geddes said: “All of us in the Elite Ayrshire Business Circle were delighted to join with our friends in the Clydesdale Bank once again to host this third annual Golf Day, which because of its initial success has now become a regular annual event to which we all look forward.
“Thanks to the marvellous support received from our members, their guests and the sponsors we have been able to raise this magnificent sum for the Ayrshire Hospice. This is an outstanding result in the present challenging economic climate, and is a tribute to the generosity of the Ayrshire business community. We look forward to building still further upon this success in future years in order to increase our support for such a worthy cause.
“Since fundraising for the Ayrshire Hospice first started nearly 25 years ago, it has become a cause very dear to the hearts of local people and businesses alike. We are therefore pleased that all funds raised by today’s events will go to benefit a local charity that is worthwhile by anybody’s standards.
“Our members are unanimous in their support for the work that the Ayrshire Hospice does in our community, and we look forward to holding another successful event on their behalf next year.”
Clydesdale Bank Ayrshire Financial Solutions Centre managing partner Willie Mackie said: “Thanks to the generosity of local businesses who took part on the day and those who supplied great prizes for the auction and prize draw, we raised more than £10,000 for the third year running, which is tremendous.
“Now in its third year, the golf tournament is a regular fixture in the Ayrshire business calendar. Over the years we have raised more than £30,000 for such a worthy cause, and we look forward to continuing to support the charity whenever possible.”
Ayrshire Hospice events co-ordinator Anne Drennan commented: “This is the third year that the Elite Ayrshire Business Circle and the Clydesdale Bank have organised their charity Golf Day in aid of the Ayrshire Hospice, and we are delighted to have their continued support and that of their members and customers.
“The Hospice, like many charities, is facing challenging times at the moment, but we are humbled and encouraged by the unstinting support of the Ayrshire community, which allows us to continue to provide specialist care and support for all those patients and their families who need us.”
A downloadable video of the event and a full selection of photographs of the day’s proceedings by creative agency Paligap are available at:
http://www.ayrcharitygolf.co.uk
THE ELITE AYRSHIRE BUSINESS CIRCLE
The Elite Ayrshire Business Circle is an association founded in 2007 by some of the top companies in Ayrshire.
Its purpose is to publicise its members, and to celebrate and promote the rich diversity of industry, commerce and business services available within the county boundaries of Ayrshire.
Members include the Clydesdale Bank, Ayr Racecourse, Western House Hotel and South Ayrshire Council. and member company activities include broadcasting, building and construction, architectural practice, estate agency and land management, chartered accountancy, insurance broking, legal services, golf club management, marketing services and brand creation, web design and public relations consultancy.
Norman Geddes, senior partner at Ayr-based Frazer Coogans Solicitors, is executive chairman of the Elite Ayrshire Business Circle, and Murdoch MacDonald, proprietor of public relations consultancy Fame Publicity Services, is managing director.
For further information about The Elite Ayrshire Business Circle and to apply for membership, e-mail eliteayrshire@gmail.com
Website: http://www.eliteayrshire.com
Issued by:
Murdoch MacDonald
Fame Publicity Services
10 Miller Road
AYR, Ayrshire
Scotland KA7 2AY
Telephone: 01292 281498
Mobile: 07833 667322
E-mail FamePublicity@aol.com
Web: http://www.famepublicity.co.uk
Seventeen teams from across the county entered the Golf Day, raising a total of £10,044 for the Ayrshire Hospice and Help the Hospices, including a donation by Clydesdale Bank.
The team from financial advisors Thomson McCallum were the winners on the day, with QTS Group providing the prize, and last year’s winners ARPL Architects Ltd taking second spot, sponsored by Giles Insurance. Other prizes included four nearest the pins, sponsored by L&M Survey Services and a longest drive sponsored by Sinclair Scott Chartered Accountants.
Following the day’s play Clydesdale Bank also organised a charity auction, with prizes including a four-ball round of golf at either Royal Troon, Prestwick, Turnberry or Western Gailes and hospitality packages from Kilmarnock FC, Clydesdale Bank, Logan Jewellers and West Sound Radio.
Brunston Castle Golf Course general manager Cheryl Steven commented: “Brunston Castle Golf Course was proud to host the Clydesdale Bank and Elite Ayrshire Business Circle Charity Golf Day 2010 to raise funds for the Ayrshire Hospice.
“I would like to take this opportunity to thank all players and organisers for choosing Brunston Castle Golf Course as their venue for 2010.”
Elite Ayrshire Business Circle executive chairman and Frazer Coogans Solicitors senior partner Norman Geddes said: “All of us in the Elite Ayrshire Business Circle were delighted to join with our friends in the Clydesdale Bank once again to host this third annual Golf Day, which because of its initial success has now become a regular annual event to which we all look forward.
“Thanks to the marvellous support received from our members, their guests and the sponsors we have been able to raise this magnificent sum for the Ayrshire Hospice. This is an outstanding result in the present challenging economic climate, and is a tribute to the generosity of the Ayrshire business community. We look forward to building still further upon this success in future years in order to increase our support for such a worthy cause.
“Since fundraising for the Ayrshire Hospice first started nearly 25 years ago, it has become a cause very dear to the hearts of local people and businesses alike. We are therefore pleased that all funds raised by today’s events will go to benefit a local charity that is worthwhile by anybody’s standards.
“Our members are unanimous in their support for the work that the Ayrshire Hospice does in our community, and we look forward to holding another successful event on their behalf next year.”
Clydesdale Bank Ayrshire Financial Solutions Centre managing partner Willie Mackie said: “Thanks to the generosity of local businesses who took part on the day and those who supplied great prizes for the auction and prize draw, we raised more than £10,000 for the third year running, which is tremendous.
“Now in its third year, the golf tournament is a regular fixture in the Ayrshire business calendar. Over the years we have raised more than £30,000 for such a worthy cause, and we look forward to continuing to support the charity whenever possible.”
Ayrshire Hospice events co-ordinator Anne Drennan commented: “This is the third year that the Elite Ayrshire Business Circle and the Clydesdale Bank have organised their charity Golf Day in aid of the Ayrshire Hospice, and we are delighted to have their continued support and that of their members and customers.
“The Hospice, like many charities, is facing challenging times at the moment, but we are humbled and encouraged by the unstinting support of the Ayrshire community, which allows us to continue to provide specialist care and support for all those patients and their families who need us.”
A downloadable video of the event and a full selection of photographs of the day’s proceedings by creative agency Paligap are available at:
http://www.ayrcharitygolf.co.uk
THE ELITE AYRSHIRE BUSINESS CIRCLE
The Elite Ayrshire Business Circle is an association founded in 2007 by some of the top companies in Ayrshire.
Its purpose is to publicise its members, and to celebrate and promote the rich diversity of industry, commerce and business services available within the county boundaries of Ayrshire.
Members include the Clydesdale Bank, Ayr Racecourse, Western House Hotel and South Ayrshire Council. and member company activities include broadcasting, building and construction, architectural practice, estate agency and land management, chartered accountancy, insurance broking, legal services, golf club management, marketing services and brand creation, web design and public relations consultancy.
Norman Geddes, senior partner at Ayr-based Frazer Coogans Solicitors, is executive chairman of the Elite Ayrshire Business Circle, and Murdoch MacDonald, proprietor of public relations consultancy Fame Publicity Services, is managing director.
For further information about The Elite Ayrshire Business Circle and to apply for membership, e-mail eliteayrshire@gmail.com
Website: http://www.eliteayrshire.com
Issued by:
Murdoch MacDonald
Fame Publicity Services
10 Miller Road
AYR, Ayrshire
Scotland KA7 2AY
Telephone: 01292 281498
Mobile: 07833 667322
E-mail FamePublicity@aol.com
Web: http://www.famepublicity.co.uk
Thursday, June 3, 2010
Weatherford International Ltd. investor alert - investigation
An investigation on behalf of investors in Weatherford International Ltd. (NYSE:WFT) over possible reaches of fiduciary duty and other federal and state laws by certain officers and directors of Weatherford International Ltd. was announced.
If you are a current investor in Weatherford International Ltd. (NYSE:WFT) shares, you have certain options and you should contact the Shareholders Foundation, Inc. by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Weatherford International Ltd., located in Zug, Switzerland, is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. Weatherford International Ltd. Reported in 2007 Total Revenue of $7.82306billion, in 2008 $9.60065billion, and in 2009 $8.82693billion. Accoding to the investigation by a law firm the investigation on behalf of WFT investors focuses on the investigation of Weatherford International Ltd. by the U.S. Department of Commerce, the Bureau of Industry & Security, the Office of Foreign Assets Control, the Department of Justice and the U.S. Securities and Exchange Commission (SEC) for various possible violations. Weatherford Intl Ltd. disclosed the investigations through filings with the SEC. The current ongoing investigations include: Weatherford's participation in the oil-for-food program in Iraq, allegations of "improper sales of products and services" by Weatherford and its subsidiaries in "certain sanctioned countries," and possible violations of the Foreign Corrupt Practices Act. In the 2009 annual report filed with the SEC, Weatherford International announced costs that included $106 million for legal and professional fees, $56 million in connection with their exit from certain sanctioned countries in 2008, and $45 million and $47 million in 2008 and 2009 respectively, in connection with the on-going investigations, so the investigation. Weatherford also stated that the "agencies likely will seek to impose penalties...for past conduct." Shares of Weatherford International Ltd. (WFT) traded recently at $13.69 per share. WFT shares are down from its 52weekHigh of $23.75 per share, and over $48 per share in 2008.
Those who are current investors in Weatherford International Ltd. (Public, NYSE:WFT) shares, have certain options and should contact the Shareholders Foundation, Inc. by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
If you are a current investor in Weatherford International Ltd. (NYSE:WFT) shares, you have certain options and you should contact the Shareholders Foundation, Inc. by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Weatherford International Ltd., located in Zug, Switzerland, is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. Weatherford International Ltd. Reported in 2007 Total Revenue of $7.82306billion, in 2008 $9.60065billion, and in 2009 $8.82693billion. Accoding to the investigation by a law firm the investigation on behalf of WFT investors focuses on the investigation of Weatherford International Ltd. by the U.S. Department of Commerce, the Bureau of Industry & Security, the Office of Foreign Assets Control, the Department of Justice and the U.S. Securities and Exchange Commission (SEC) for various possible violations. Weatherford Intl Ltd. disclosed the investigations through filings with the SEC. The current ongoing investigations include: Weatherford's participation in the oil-for-food program in Iraq, allegations of "improper sales of products and services" by Weatherford and its subsidiaries in "certain sanctioned countries," and possible violations of the Foreign Corrupt Practices Act. In the 2009 annual report filed with the SEC, Weatherford International announced costs that included $106 million for legal and professional fees, $56 million in connection with their exit from certain sanctioned countries in 2008, and $45 million and $47 million in 2008 and 2009 respectively, in connection with the on-going investigations, so the investigation. Weatherford also stated that the "agencies likely will seek to impose penalties...for past conduct." Shares of Weatherford International Ltd. (WFT) traded recently at $13.69 per share. WFT shares are down from its 52weekHigh of $23.75 per share, and over $48 per share in 2008.
Those who are current investors in Weatherford International Ltd. (Public, NYSE:WFT) shares, have certain options and should contact the Shareholders Foundation, Inc. by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Saturday, May 8, 2010
Fibonacci Killer make waves in the Forex market
A limited copies of Fibonacci Killer has been released to the public at 9.00 am EST today.
The mastermind behind Unlimited Forex Wealth & Forex Trigger strikes with the most revolutionary Trading System known to man.
Take laser targeted trades using nature’s principles to extract COLD HARD CASH from not only the currency exchange but all financial markets.
http://tradingtoollist.co.cc/trading-software/forex-syst ...
Fibonacci Killer is a feature rich system that will give you unimaginable profits.
Take a look at the amazing features of Fibonacci Killer now:
* Based on Fibonacci – principles based from nature and life.
* Leading and Powerful Signals – produces only leading signals
* Tight Stop Loss to minimize losses
* Minimized Risk – so your equity is safe
* Works on any chart, any timeframe, and broker
* Explosive Risk:Reward ratio – so your equity grows fast!
* Suitable for scalpers and swing traders
* Fits your lifestyle completely
* Great for beginners!
* Teaches you each and every aspect of trading for profit!
* World Class Support Team
* Tested on several pairs and charts
* Reliable and Consistent – works for years!
* Works on Any trading Platform (MetaTraderNinjaTraderetc)
* Super-Accurate Trading Signals
* Easy To Trade and requires no previous experience
* Works for both Commodities, Stocks and Bonds
Now, that’s a whole basket of features. The only catch is that Fibonacci Killer will be available for limited time. So, you need to be on your toes and grab a copy right now!
http://tradingtoollist.co.cc/trading-software/forex-syst ...
Traders are marching in large numbers at the website to lay their hands on Fibonacci Killer while it is still available. The servers are not able to handle such huge traffic, and have slowed down. So, act now!
Grab a copy of Fibonacci Killer at the earliest and leave all your worries at rest. Money will never be short with entry of Fibonacci Killer in your life.
You see, Michael and his team aim to excel every time, and Fibonacci Killer is no different.
The mastermind behind Unlimited Forex Wealth & Forex Trigger strikes with the most revolutionary Trading System known to man.
Take laser targeted trades using nature’s principles to extract COLD HARD CASH from not only the currency exchange but all financial markets.
http://tradingtoollist.co.cc/trading-software/forex-syst ...
Fibonacci Killer is a feature rich system that will give you unimaginable profits.
Take a look at the amazing features of Fibonacci Killer now:
* Based on Fibonacci – principles based from nature and life.
* Leading and Powerful Signals – produces only leading signals
* Tight Stop Loss to minimize losses
* Minimized Risk – so your equity is safe
* Works on any chart, any timeframe, and broker
* Explosive Risk:Reward ratio – so your equity grows fast!
* Suitable for scalpers and swing traders
* Fits your lifestyle completely
* Great for beginners!
* Teaches you each and every aspect of trading for profit!
* World Class Support Team
* Tested on several pairs and charts
* Reliable and Consistent – works for years!
* Works on Any trading Platform (MetaTraderNinjaTraderetc)
* Super-Accurate Trading Signals
* Easy To Trade and requires no previous experience
* Works for both Commodities, Stocks and Bonds
Now, that’s a whole basket of features. The only catch is that Fibonacci Killer will be available for limited time. So, you need to be on your toes and grab a copy right now!
http://tradingtoollist.co.cc/trading-software/forex-syst ...
Traders are marching in large numbers at the website to lay their hands on Fibonacci Killer while it is still available. The servers are not able to handle such huge traffic, and have slowed down. So, act now!
Grab a copy of Fibonacci Killer at the earliest and leave all your worries at rest. Money will never be short with entry of Fibonacci Killer in your life.
You see, Michael and his team aim to excel every time, and Fibonacci Killer is no different.
Tuesday, April 20, 2010
Electronic Game Card, Inc. Investor Update in lawsuit against EGMI
A deadline in the lawsuit on behalf investors in Electronic Game Card, Inc (OTC: EGMI) is coming up on April 30, 2010. An EGMI investor has filed a lawsuit in United States District Court for the Central District of California on behalf of all persons who purchased or otherwise acquired securities of Electronic Game Card, Inc. (OTCBB.EGMI) between April 5, 2007 and February 19, 2010, alleging securities laws violations by Electronic Game Card, Inc. and others.
If you are an investor with a substantial investment/loss and if you purchased shares of Electronic Game Card, Inc. (Public, OTC:EGMI) between April 5, 2007 and February 19, 2010, you have certain options and there is a deadline coming up. Deadline: April 30, 2010. Those EGMI investors should contact the Shareholders Foundation by email mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Electronic Game Card, Inc., located in New York, is a designer and manufacturer of a gaming device. According to the complaint the plaintiff alleges that Electronic Game Card, Inc. and certain of its executive officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing between April 5, 2007 and February 19, 2010 false and misleading statements.
The Complaint alleges that on February 10, 2010, Electronic Game Card, Inc. postponed a conference call, which was slated to discuss important internal issues at Electronic Game Card, Inc.. The postponement resulted in an immediate sixteen percent drop in stock price. On February 19, 2010, Electronic Game Card, Inc. (“EGC”) announced that: (a) its independent auditors withdrew its audit opinions for EGC’s financial statements for the years ended December 31, 2006, 2007, and 2008; and (b) its financial reporting for the years ended December 31, 2006, 2007, and 2008 as well as its quarterly reports for its first three quarters of 2009 needed to be adjusted and reissued. Also on February 19, 2010, the United States Securities and Exchange Commission halted trading in EGC securities. As a result, class members have suffered substantial damages and their shares are currently illiquid. Shares of Electronic Game Card, Inc. (Public, OTC:EGMI) traded recently at $0.88 per share, down from its 52weekHigh of $2.24 per share.
Those who purchased shares of Electronic Game Card, Inc. (Public, OTC:EGMI) between April 5, 2007 and February 19, 2010, have certain options and there are strict and short deadlines running. Deadline: April 30, 2010. Those EGMI investors should contact the Shareholders Foundation by email mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
If you are an investor with a substantial investment/loss and if you purchased shares of Electronic Game Card, Inc. (Public, OTC:EGMI) between April 5, 2007 and February 19, 2010, you have certain options and there is a deadline coming up. Deadline: April 30, 2010. Those EGMI investors should contact the Shareholders Foundation by email mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Electronic Game Card, Inc., located in New York, is a designer and manufacturer of a gaming device. According to the complaint the plaintiff alleges that Electronic Game Card, Inc. and certain of its executive officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing between April 5, 2007 and February 19, 2010 false and misleading statements.
The Complaint alleges that on February 10, 2010, Electronic Game Card, Inc. postponed a conference call, which was slated to discuss important internal issues at Electronic Game Card, Inc.. The postponement resulted in an immediate sixteen percent drop in stock price. On February 19, 2010, Electronic Game Card, Inc. (“EGC”) announced that: (a) its independent auditors withdrew its audit opinions for EGC’s financial statements for the years ended December 31, 2006, 2007, and 2008; and (b) its financial reporting for the years ended December 31, 2006, 2007, and 2008 as well as its quarterly reports for its first three quarters of 2009 needed to be adjusted and reissued. Also on February 19, 2010, the United States Securities and Exchange Commission halted trading in EGC securities. As a result, class members have suffered substantial damages and their shares are currently illiquid. Shares of Electronic Game Card, Inc. (Public, OTC:EGMI) traded recently at $0.88 per share, down from its 52weekHigh of $2.24 per share.
Those who purchased shares of Electronic Game Card, Inc. (Public, OTC:EGMI) between April 5, 2007 and February 19, 2010, have certain options and there are strict and short deadlines running. Deadline: April 30, 2010. Those EGMI investors should contact the Shareholders Foundation by email mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Tuesday, April 13, 2010
Boston Scientific Corporation hit by investor lawsuit
An investor in Boston Scientific Corporation (Public, NYSE:BSX) filed a lawsuit in United States District Court for the District of Massachusetts on behalf of purchasers of Boston Scientific Corporation (NYSE: BSX) common stock during the period between April 20, 2009 and March 12, 2010, alleging violations of federal securities laws by Boston Scientific Corp. and others.
If you purchased Boston Scientific Corporation (NYSE: BSX) common stock during the period between April 20, 2009 and March 12, 2010, you have certain options and there are strict and short deadlines running. Deadline: June 07, 2010. Those BSX investors and current long term BSX shareholders should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
Boston Scientific Corporation, located in Natick, Massachusetts, is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties, including cardiac rhythm management, electrophysiology, interventional cardiology, peripheral interventions, neurovascular, endoscopy, urology, women’s health and neuromodulation. Boston Scientific Corporation reported in 2007 Total Revenue of $8.357billion, in 2008 $8.05billion, and in 2009 $8.188billion.
According to the complaint the plaintiff alleges that BSX and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between April 20, 2009 and March 12, 2010, materially false and misleading statements regarding its business and prospects.
Then on March 15, 2010, before the market opened, Boston Scientific Corp. announced that it was suspending sales of and was recalling all of its implantable cardiac defibrillator and implantable cardiac resynchronization therapy defibrillator devices because it had changed the manufacturing process for the devices without obtaining FDA approval. On this news, so the lawsuit, Boston Scientific Corp. (BSX) shares dropped 12.6%, to close at $6.80 per share, on volume of 243 million shares.
Shares of Boston Scientific Corporation (BSX) traded recently at $6.97 per share, down from its 52weekHigh of $11.77 per share, over $14 per share in 2008, over $18 per share in 2007, and over $26 in 2006.
Those who purchased Boston Scientific Corporation (NYSE: BSX) common stock during the period between April 20, 2009 and March 12, 2010, have certain options and there are strict and short deadlines running. Deadline: June 07, 2010. Those BSX investors and current long term BSX shareholders should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
If you purchased Boston Scientific Corporation (NYSE: BSX) common stock during the period between April 20, 2009 and March 12, 2010, you have certain options and there are strict and short deadlines running. Deadline: June 07, 2010. Those BSX investors and current long term BSX shareholders should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
Boston Scientific Corporation, located in Natick, Massachusetts, is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties, including cardiac rhythm management, electrophysiology, interventional cardiology, peripheral interventions, neurovascular, endoscopy, urology, women’s health and neuromodulation. Boston Scientific Corporation reported in 2007 Total Revenue of $8.357billion, in 2008 $8.05billion, and in 2009 $8.188billion.
According to the complaint the plaintiff alleges that BSX and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between April 20, 2009 and March 12, 2010, materially false and misleading statements regarding its business and prospects.
Then on March 15, 2010, before the market opened, Boston Scientific Corp. announced that it was suspending sales of and was recalling all of its implantable cardiac defibrillator and implantable cardiac resynchronization therapy defibrillator devices because it had changed the manufacturing process for the devices without obtaining FDA approval. On this news, so the lawsuit, Boston Scientific Corp. (BSX) shares dropped 12.6%, to close at $6.80 per share, on volume of 243 million shares.
Shares of Boston Scientific Corporation (BSX) traded recently at $6.97 per share, down from its 52weekHigh of $11.77 per share, over $14 per share in 2008, over $18 per share in 2007, and over $26 in 2006.
Those who purchased Boston Scientific Corporation (NYSE: BSX) common stock during the period between April 20, 2009 and March 12, 2010, have certain options and there are strict and short deadlines running. Deadline: June 07, 2010. Those BSX investors and current long term BSX shareholders should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
Wednesday, March 24, 2010
CNX Gas Corporation takeover under investigation for investors
CNX Gas Corporation faces multiple investigations on behalf of current investors in CNX Gas Corporation (Public, NYSE:CXG) concerning shareholder claims over possible breaches of fiduciary duty by the board of directors of CNX Gas Corporation (Public, NYSE:CXG) was announced.
If you currently hold shares of CNX Gas Corporation (NYSE:CXG), you have certain options and you should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
The investigations by law firms focus on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of CNX Gas Corporation arising out of their attempt to sell CNX Gas Corp to CONSOL Energy, Inc. CNX Gas Corporation, located in Pittsburgh, PA, is engaged in the exploration, development, production and gathering of natural gas primarily in the Appalachian and Illinois Basins. CNX Gas Corporation reported in 2007 Total Revenue of $479.48million with a Net Income of $135.68million, in 2008 Total Revenue of $789.42million with a Net Income of $239.07million, and in 2009 Total Revenue of $683.44million with a Net Income of $164.46million.
On March 21, 2010, CONSOL Energy Inc announced that it had entered into an agreement to purchase the remaining shares of CNX Gas Corporation that it does not currently own. ONSOL Energy currently owns approximately 83.3% of the approximately 151 million shares of CNX Gas common stock outstanding. According to the agreement, CONSOL Energy Inc will pay $38.25 per CXG share for the 9.5 million shares that are currently owned by investment advisory clients of T. Rowe Price Associates, Inc. and CONSOL Energy agreed to commence a tender offer for the remaining outstanding shares of CNX Gas Corp. by May 5, 2010 at a price of $38.25 per share. According to CONSOL Energy Inc the offer represents a 24% premium over the closing price on March 19, 2010. Shares of CNX Gas Corporation traded after the announcement at $38 per share, and at $31 per share days before the news.
CXG shares reached over $41 per share in 2008, and closed at $35.45 as recently as October 20, 2010.
According to one investigation by a law firm “the transaction appears to be unfair” to current investors of CNX Gas Corporation (NYSE:CXG) because the “offer to purchase the remaining shares of CNX Gas Corporation (CXG) at $38.25 per share appears is grossly unfair, inadequate, and substantially below the fair or inherent value of CXG”. The investigations concern “whether the CNX Gas Corp. Board of Directors breached their fiduciary duties to CNX Gas Corporation (CXG) shareholders by failing to adequately shopped CNX Gas Corporation before entering into the proposed transaction and whether CONSOL Energy Inc may be underpaying for CNX Gas Corporation (CXG), thus unlawfully harming CXG shareholders”.
Those who currently hold shares of CNX Gas Corporation (NYSE:CXG), have certain options and should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Source: http://www.prlog.org/10590810-cnx-gas-corporation-takeover-under-investigation-for-investors.html
If you currently hold shares of CNX Gas Corporation (NYSE:CXG), you have certain options and you should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
The investigations by law firms focus on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of CNX Gas Corporation arising out of their attempt to sell CNX Gas Corp to CONSOL Energy, Inc. CNX Gas Corporation, located in Pittsburgh, PA, is engaged in the exploration, development, production and gathering of natural gas primarily in the Appalachian and Illinois Basins. CNX Gas Corporation reported in 2007 Total Revenue of $479.48million with a Net Income of $135.68million, in 2008 Total Revenue of $789.42million with a Net Income of $239.07million, and in 2009 Total Revenue of $683.44million with a Net Income of $164.46million.
On March 21, 2010, CONSOL Energy Inc announced that it had entered into an agreement to purchase the remaining shares of CNX Gas Corporation that it does not currently own. ONSOL Energy currently owns approximately 83.3% of the approximately 151 million shares of CNX Gas common stock outstanding. According to the agreement, CONSOL Energy Inc will pay $38.25 per CXG share for the 9.5 million shares that are currently owned by investment advisory clients of T. Rowe Price Associates, Inc. and CONSOL Energy agreed to commence a tender offer for the remaining outstanding shares of CNX Gas Corp. by May 5, 2010 at a price of $38.25 per share. According to CONSOL Energy Inc the offer represents a 24% premium over the closing price on March 19, 2010. Shares of CNX Gas Corporation traded after the announcement at $38 per share, and at $31 per share days before the news.
CXG shares reached over $41 per share in 2008, and closed at $35.45 as recently as October 20, 2010.
According to one investigation by a law firm “the transaction appears to be unfair” to current investors of CNX Gas Corporation (NYSE:CXG) because the “offer to purchase the remaining shares of CNX Gas Corporation (CXG) at $38.25 per share appears is grossly unfair, inadequate, and substantially below the fair or inherent value of CXG”. The investigations concern “whether the CNX Gas Corp. Board of Directors breached their fiduciary duties to CNX Gas Corporation (CXG) shareholders by failing to adequately shopped CNX Gas Corporation before entering into the proposed transaction and whether CONSOL Energy Inc may be underpaying for CNX Gas Corporation (CXG), thus unlawfully harming CXG shareholders”.
Those who currently hold shares of CNX Gas Corporation (NYSE:CXG), have certain options and should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.
Source: http://www.prlog.org/10590810-cnx-gas-corporation-takeover-under-investigation-for-investors.html
Monday, March 22, 2010
Medivation, Inc. Long Term Shareholder Investigation
A MDVN investor filed a lawsuit on behalf of purchasers of Medivation, Inc. (NASDAQ:MDVN) common stock during the period between July 17, 2008 and March 2, 2010, against Medivation, Inc. Meanwhile an investigation on behalf of current long term investors in Medivation, Inc. (NASDAQ:MDVN) was announced.
If you are a current long term investor in Medivation, Inc. (NASDAQ:MDVN) common stock, you have certain options and you should contact the Shareholders Foundation, Inc. by email at: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Medivation, Inc., located in San Francisco, California, is a biopharmaceutical company with small molecule drugs in clinical development to treat three medical needs: Alzheimer’s disease, Huntington’s disease and castration-resistant prostate cancer. According to the complaint filed in in the United States District Court for the Northern District of California the plaintiff alleges that Medivation, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between July 17, 2008 and March 2, 2010 false and misleading statements regarding its drug Dimebon. Then, on March 3, 2010, before the market opened, defendants were forced to publicly disclose that Dimebon did not meet primary and secondary goals in a Phase 3 trial for patients with mild to moderate Alzheimer’s disease, and as a result of this news, Medivation’s stock plummeted $27.15 per share to close at $13.10 per share on March 3, 2010 – a one-day decline of 67%, so the lawsuit. Shares of Medivation, Inc. (NASDAQ:MDVN) continued to decline from its 52weekHigh of $40.49 per share to $12.10 per share on Tuesday, March 09, 2010.
Those who are current long term investors in Medivation, Inc. (NASDAQ:MDVN) common stock, have certain options and should contact the Shareholders Foundation, Inc. by email at: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Source: http://www.prlog.org/10586773-medivation-inc-long-term-shareholder-investigation.html
If you are a current long term investor in Medivation, Inc. (NASDAQ:MDVN) common stock, you have certain options and you should contact the Shareholders Foundation, Inc. by email at: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Medivation, Inc., located in San Francisco, California, is a biopharmaceutical company with small molecule drugs in clinical development to treat three medical needs: Alzheimer’s disease, Huntington’s disease and castration-resistant prostate cancer. According to the complaint filed in in the United States District Court for the Northern District of California the plaintiff alleges that Medivation, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between July 17, 2008 and March 2, 2010 false and misleading statements regarding its drug Dimebon. Then, on March 3, 2010, before the market opened, defendants were forced to publicly disclose that Dimebon did not meet primary and secondary goals in a Phase 3 trial for patients with mild to moderate Alzheimer’s disease, and as a result of this news, Medivation’s stock plummeted $27.15 per share to close at $13.10 per share on March 3, 2010 – a one-day decline of 67%, so the lawsuit. Shares of Medivation, Inc. (NASDAQ:MDVN) continued to decline from its 52weekHigh of $40.49 per share to $12.10 per share on Tuesday, March 09, 2010.
Those who are current long term investors in Medivation, Inc. (NASDAQ:MDVN) common stock, have certain options and should contact the Shareholders Foundation, Inc. by email at: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Source: http://www.prlog.org/10586773-medivation-inc-long-term-shareholder-investigation.html
Sunday, March 21, 2010
Trading Forex Options and Options On Currency ETFs
Predictably, the 3G auctions have attracted only existing 2G players -- Aircel, Bharti, Etisalat, Idea, Reliance Telecom, S Tel, Tata Teleservices, Vodafone and Videocon Telecom -- with not a single new entrant, global or Indian, in the list.
TOI was the first to predict, way back on August 12, 2008, that new players would probably stay away from the 3G auctions after the auctions were first announced. Even after the guidelines were revised for the 2010 auctions, the barriers for new entrants remained unchanged. The absence of global bidders is likely to ensure that the bidding will be conservative, and probably lower than the ambitious Rs 40,000 crore revenue target first announced by telecom minister A Raja.
The BWA list has four new players -- Augere, Tikona Wireless, Infotel Broadband Services and The foreign exchange market is much larger than then equity markets although unlike equity (stock) options the currency option market is mainly Over The Counter (OTC). A global futures broker such as Enfinium International provides access to options on currency futures. However if your broker doesn’t support futures or options on futures you can still gain derivative exposure by trading options on currency exchange traded funds (ETFs), such as issued by Rydex CurrencyShares.
For example, if one wanted to take a bearish position on the AUD relative to the USD, then you could to do so via an Australian Dollar CurrencyShare ETF which trades with ticker code FXA. The CurrencyShares Australian Dollar Trust is designed to track the price of the Australian Dollar net of Trust expenses, which are expected to be paid from interest earned on the deposited Australian Dollars. www.etffunds.com.au provides a complete list of forex ETFs.
Various bearish strategies are:-
1. Short the underlying
2. Long put
3. Bear call spread
4. Bear put spread
5. Ratio put spread
6. Put time spread
The basic component of most bearish options strategies are put options. Put options changed the way traders profit when a stock goes down as there is no need to sell short, which resulted in a margin requirement. Previously, profiting when a stock dropped in price only happened when you short sold the stock itself. When shorting, margin is held to cover any potential risk with an adverse price move.
In summary currency ETFs are used to gain exposure to the world’s largest financial market – the forex market. If a trader is looking to take a speculative or hedged position on a currency, one can do so using a currency ETF.
Source: http://www.prlog.org/10585881-trading-forex-options-and-options-on-currency-etfs.html
TOI was the first to predict, way back on August 12, 2008, that new players would probably stay away from the 3G auctions after the auctions were first announced. Even after the guidelines were revised for the 2010 auctions, the barriers for new entrants remained unchanged. The absence of global bidders is likely to ensure that the bidding will be conservative, and probably lower than the ambitious Rs 40,000 crore revenue target first announced by telecom minister A Raja.
The BWA list has four new players -- Augere, Tikona Wireless, Infotel Broadband Services and The foreign exchange market is much larger than then equity markets although unlike equity (stock) options the currency option market is mainly Over The Counter (OTC). A global futures broker such as Enfinium International provides access to options on currency futures. However if your broker doesn’t support futures or options on futures you can still gain derivative exposure by trading options on currency exchange traded funds (ETFs), such as issued by Rydex CurrencyShares.
For example, if one wanted to take a bearish position on the AUD relative to the USD, then you could to do so via an Australian Dollar CurrencyShare ETF which trades with ticker code FXA. The CurrencyShares Australian Dollar Trust is designed to track the price of the Australian Dollar net of Trust expenses, which are expected to be paid from interest earned on the deposited Australian Dollars. www.etffunds.com.au provides a complete list of forex ETFs.
Various bearish strategies are:-
1. Short the underlying
2. Long put
3. Bear call spread
4. Bear put spread
5. Ratio put spread
6. Put time spread
The basic component of most bearish options strategies are put options. Put options changed the way traders profit when a stock goes down as there is no need to sell short, which resulted in a margin requirement. Previously, profiting when a stock dropped in price only happened when you short sold the stock itself. When shorting, margin is held to cover any potential risk with an adverse price move.
In summary currency ETFs are used to gain exposure to the world’s largest financial market – the forex market. If a trader is looking to take a speculative or hedged position on a currency, one can do so using a currency ETF.
Source: http://www.prlog.org/10585881-trading-forex-options-and-options-on-currency-etfs.html
Sunday, March 14, 2010
‘Smart Trade Group’- Worldwide Economics
Sources close to “Smart Trade Group” suggest that recent comments from a high-ranking Chinese official stating that gold is not considered to be a “primary investment” for China as it diversifies its $2.4trillion of foreign currency reserves should be taken with the proverbial pinch of salt.
The reasons given, including the fact that a much higher price would hurt Chinese consumers of gold, were called “implausible” by one of the sources who cited the fact that China is the world’s largest producer of gold and second only to India as a consumer.
The Asia-based private fund believes that the comments may be aimed at talking down the price in preparation for a large purchase and a “Smart Trade Group” analyst suggested that the comments echo those of George Soros, the billionaire hedge fund manager who described gold’s recent rises in price as a bubble whilst simultaneously increasing his fund’s holdings in the SPDR Gold ETF by $700 million.
‘Smart Trade Group’ still consider gold to be the ultimate hedge against global measures to combat the effects of the recession and urged clients to retain their holdings.
Source: http://www.prlog.org/10574230-smart-trade-group-worldwide-economics-chinas-comments-on-gold.html
The reasons given, including the fact that a much higher price would hurt Chinese consumers of gold, were called “implausible” by one of the sources who cited the fact that China is the world’s largest producer of gold and second only to India as a consumer.
The Asia-based private fund believes that the comments may be aimed at talking down the price in preparation for a large purchase and a “Smart Trade Group” analyst suggested that the comments echo those of George Soros, the billionaire hedge fund manager who described gold’s recent rises in price as a bubble whilst simultaneously increasing his fund’s holdings in the SPDR Gold ETF by $700 million.
‘Smart Trade Group’ still consider gold to be the ultimate hedge against global measures to combat the effects of the recession and urged clients to retain their holdings.
Source: http://www.prlog.org/10574230-smart-trade-group-worldwide-economics-chinas-comments-on-gold.html
Wednesday, March 10, 2010
FXCM Introduces Mobile Forex Trading
FXCM, (www.fxcm.com) one of the world’s largest online forex brokers, has introduced a beta version of its mobile trading platform. Available for iPhone, BlackBerry, and Windows Mobile phones, FXCM’s mobile Trading Station II provides forex trading anytime and anywhere.*
FXCM Mobile TSII gives traders the ability to keep track of their account (balance, equity, and margin), place trades, manage positions, watch breaking market news, and view real-time 5 minute charts. Similar to FXCM’s award winning desktop trading platform, FXCM Mobile allows traders to quickly react to changing market conditions.
“Forex is about capturing opportunities in a 24-hour trading environment. Even today, in our increasingly connected digital world, people spend a significant amount of time away from their desktop. Now they can easily stay on top of the market while away from their computer,” said Michael Buzzeo, vice president of marketing at FXCM. “We are launching our mobile trading platform and a suite of supporting tools to enable traders to get vital information and be able to act on it regardless of location, 24 hours a day. FXCM Mobile users can set mobile alerts through DailyFX.com as well as view rates, explore a daily economic calendar and watch forex videos to help gauge where the market is heading.”
FXCM Standard and Micro account holders can begin mobile trading immediately using their existing username and password. To learn more about FXCM’s full mobile offerings, and to download FXCM’s Mobile trading application now, click here: http://www.fxcm.com/fxcm-mobile-forex.jsp?CMP=SFS-701600 ...
As this is the beta version of the product, please be sure to review the execution risks. FXCM welcomes all client feedback as we continue to make improvements to the product.
To get FXCM and DailyFX on your mobile device now, click here: http://mobile.fxcm.com/ or http://mobile.dailyfx.com/.
Source: http://www.prlog.org/10568621-fxcm-introduces-mobile-forex-trading.html
FXCM Mobile TSII gives traders the ability to keep track of their account (balance, equity, and margin), place trades, manage positions, watch breaking market news, and view real-time 5 minute charts. Similar to FXCM’s award winning desktop trading platform, FXCM Mobile allows traders to quickly react to changing market conditions.
“Forex is about capturing opportunities in a 24-hour trading environment. Even today, in our increasingly connected digital world, people spend a significant amount of time away from their desktop. Now they can easily stay on top of the market while away from their computer,” said Michael Buzzeo, vice president of marketing at FXCM. “We are launching our mobile trading platform and a suite of supporting tools to enable traders to get vital information and be able to act on it regardless of location, 24 hours a day. FXCM Mobile users can set mobile alerts through DailyFX.com as well as view rates, explore a daily economic calendar and watch forex videos to help gauge where the market is heading.”
FXCM Standard and Micro account holders can begin mobile trading immediately using their existing username and password. To learn more about FXCM’s full mobile offerings, and to download FXCM’s Mobile trading application now, click here: http://www.fxcm.com/fxcm-mobile-forex.jsp?CMP=SFS-701600 ...
As this is the beta version of the product, please be sure to review the execution risks. FXCM welcomes all client feedback as we continue to make improvements to the product.
To get FXCM and DailyFX on your mobile device now, click here: http://mobile.fxcm.com/ or http://mobile.dailyfx.com/.
Source: http://www.prlog.org/10568621-fxcm-introduces-mobile-forex-trading.html
Monday, March 8, 2010
Electronic Game Card, Inc. hit by investor lawsuit
An investor in Electronic Game Card, Inc. (Public, OTC:EGMI) filed a lawsuit in United States District Court for the Central District of California on behalf of all persons who purchased or otherwise acquired securities of Electronic Game Card, Inc. (OTCBB.EGMI) between April 5, 2007 and February 19, 2010, against Electronic Game Card, Inc.
If you are purchased shares of Electronic Game Card, Inc. (Public, OTC:EGMI) between April 5, 2007 and February 19, 2010, you have certain options and there are strict and short deadlines running. Deadline: April 30, 2010. Those EGMI investors should contact the Shareholders Foundation at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
According to the complaint the plaintiff alleges that Electronic Game Card, Inc. and certain of its executive officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing between April 5, 2007 and February 19, 2010 false and misleading statements.
The Complaint alleges that on February 10, 2010, Electronic Game Card, Inc. postponed a conference call, which was slated to discuss important internal issues at Electronic Game Card, Inc.. The postponement resulted in an immediate sixteen percent drop in stock price. On February 19, 2010, Electronic Game Card, Inc. (“EGC”) announced that: (a) its independent auditors withdrew its audit opinions for EGC’s financial statements for the years ended December 31, 2006, 2007, and 2008; and (b) its financial reporting for the years ended December 31, 2006, 2007, and 2008 as well as its quarterly reports for its first three quarters of 2009 needed to be adjusted and reissued. Also on February 19, 2010, the United States Securities and Exchange Commission halted trading in EGC securities. As a result, class members have suffered substantial damages and their shares are currently illiquid. Electronic Game Card, Inc., located in New York, is a designer and manufacturer of a gaming device. The gaming device is marketed under the name of EGC Electronic GameCard referred to as GameCard. The shape of a pocket GameCard is approximately the size of a credit card, operated electronically by touch and incorporating a microchip and liquid crystal display (LCD) screen showing numbers or icons. EGC designs its GameCards to play game types, formats and prize structures as required by its customers and is building a software library of generic game formats of themes.
Electronic Game Card reported in 2007 Total Revenue of $6.04million with a Net Income of $3.46million and in 2008 Total Revenue of $10.65million with a Net Income of $6.27million. Shares of Electronic Game Card, Inc. (Public, OTC:EGMI) traded recently at $0.88 per share, down from its 52weekHigh of $2.24 per share.
Source: http://www.prlog.org/10559775-electronic-game-card-inc-hit-by-investor-lawsuit.html
If you are purchased shares of Electronic Game Card, Inc. (Public, OTC:EGMI) between April 5, 2007 and February 19, 2010, you have certain options and there are strict and short deadlines running. Deadline: April 30, 2010. Those EGMI investors should contact the Shareholders Foundation at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
According to the complaint the plaintiff alleges that Electronic Game Card, Inc. and certain of its executive officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing between April 5, 2007 and February 19, 2010 false and misleading statements.
The Complaint alleges that on February 10, 2010, Electronic Game Card, Inc. postponed a conference call, which was slated to discuss important internal issues at Electronic Game Card, Inc.. The postponement resulted in an immediate sixteen percent drop in stock price. On February 19, 2010, Electronic Game Card, Inc. (“EGC”) announced that: (a) its independent auditors withdrew its audit opinions for EGC’s financial statements for the years ended December 31, 2006, 2007, and 2008; and (b) its financial reporting for the years ended December 31, 2006, 2007, and 2008 as well as its quarterly reports for its first three quarters of 2009 needed to be adjusted and reissued. Also on February 19, 2010, the United States Securities and Exchange Commission halted trading in EGC securities. As a result, class members have suffered substantial damages and their shares are currently illiquid. Electronic Game Card, Inc., located in New York, is a designer and manufacturer of a gaming device. The gaming device is marketed under the name of EGC Electronic GameCard referred to as GameCard. The shape of a pocket GameCard is approximately the size of a credit card, operated electronically by touch and incorporating a microchip and liquid crystal display (LCD) screen showing numbers or icons. EGC designs its GameCards to play game types, formats and prize structures as required by its customers and is building a software library of generic game formats of themes.
Electronic Game Card reported in 2007 Total Revenue of $6.04million with a Net Income of $3.46million and in 2008 Total Revenue of $10.65million with a Net Income of $6.27million. Shares of Electronic Game Card, Inc. (Public, OTC:EGMI) traded recently at $0.88 per share, down from its 52weekHigh of $2.24 per share.
Source: http://www.prlog.org/10559775-electronic-game-card-inc-hit-by-investor-lawsuit.html
Thursday, March 4, 2010
Novell, Inc. Investor Alert: Offer under investigation
An investigation on behalf of current long term shareholders in Novell, Inc. (Public, NASDAQ:NOVL) concerning shareholder claims over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover was announced.
If you are a currently a long term investor in shares of Novell, Inc. (NASDAQ:NOVL)
and / or if you have additional information relating the investigation, you have certain options and you should contact the Shareholders Foundation at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
The investigations by law firms focus on potential breaches of fiduciary duty and other violations of state law arising out of the offer to sell Novell, Inc. (NASDAQ:NOVL) to Elliott Associates, L.P. Novell, Inc., located in Waltham, MA, develops, sells and installs enterprise software that is positioned in the operating systems and infrastructure software layers of the information technology industry. On March 02, 2010 Novell, Inc. (Nasdaq: NOVL) confirmed that it has received an unsolicited, conditional proposal from Elliott Associates, L.P. to acquire Novell, Inc for $5.75 per share in cash, which implies an enterprise value net of cash of $1.0 billion. According to Elliott Associates, L.P. and Elliott International, L.P the price represents a premium of 49% over Novell’s current enterprise value and 77% over its 90-day volume-weighted average enterprise value; the price represents a premium of 115% over Novell’s value on January 4, 2010, the last trading day before to Elliott Associates, L.P. and Elliott International, L.P commenced actively acquiring Novell's common stock; and the price also represents a 37% premium to Novell's closing stock price on January 4, 2010 and a 20% premium to Novell's closing stock price yesterday.
But according to one investigation by a law firm “the transaction appears to be unfair” to current investors of Novell, Inc. (Public, NASDAQ:NOVL) because the offer is “grossly unfair, inadequate, and substantially below the fair or inherent value of NOVL shares”.
Shares of Novell, Inc. (NASDAQ:NOVL) traded in after hours at $5.99 per share, thus above the proposed offer. NOVL shares traded at almost $5 per share as early as in Feb 2010, at $6.43 in August 08, at $7.08 in May 2008, at $7.45 in Feb. 2008, and at almost $10 per share in 2006.
The investigation “concerns, among other things, further whether Elliott Associates, L.P. may be underpaying for Novell, Inc. (NOVL), thus unlawfully harming NOVL shareholders”.
Source: http://www.prlog.org/10556630-novell-inc-investor-alert-offer-under-investigation.html
If you are a currently a long term investor in shares of Novell, Inc. (NASDAQ:NOVL)
and / or if you have additional information relating the investigation, you have certain options and you should contact the Shareholders Foundation at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
The investigations by law firms focus on potential breaches of fiduciary duty and other violations of state law arising out of the offer to sell Novell, Inc. (NASDAQ:NOVL) to Elliott Associates, L.P. Novell, Inc., located in Waltham, MA, develops, sells and installs enterprise software that is positioned in the operating systems and infrastructure software layers of the information technology industry. On March 02, 2010 Novell, Inc. (Nasdaq: NOVL) confirmed that it has received an unsolicited, conditional proposal from Elliott Associates, L.P. to acquire Novell, Inc for $5.75 per share in cash, which implies an enterprise value net of cash of $1.0 billion. According to Elliott Associates, L.P. and Elliott International, L.P the price represents a premium of 49% over Novell’s current enterprise value and 77% over its 90-day volume-weighted average enterprise value; the price represents a premium of 115% over Novell’s value on January 4, 2010, the last trading day before to Elliott Associates, L.P. and Elliott International, L.P commenced actively acquiring Novell's common stock; and the price also represents a 37% premium to Novell's closing stock price on January 4, 2010 and a 20% premium to Novell's closing stock price yesterday.
But according to one investigation by a law firm “the transaction appears to be unfair” to current investors of Novell, Inc. (Public, NASDAQ:NOVL) because the offer is “grossly unfair, inadequate, and substantially below the fair or inherent value of NOVL shares”.
Shares of Novell, Inc. (NASDAQ:NOVL) traded in after hours at $5.99 per share, thus above the proposed offer. NOVL shares traded at almost $5 per share as early as in Feb 2010, at $6.43 in August 08, at $7.08 in May 2008, at $7.45 in Feb. 2008, and at almost $10 per share in 2006.
The investigation “concerns, among other things, further whether Elliott Associates, L.P. may be underpaying for Novell, Inc. (NOVL), thus unlawfully harming NOVL shareholders”.
Source: http://www.prlog.org/10556630-novell-inc-investor-alert-offer-under-investigation.html
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