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Kodak (EK) Patent Infringement Claims Against Apple (AAPL) and RIM (RIMM) Rejected

The share price of B2Digital, Inc. (PINK:BTDG) is surging strongly up this week as yesterday afternoon the company announced the final outcome of the long and controversial bargaining about the fair price of all outstanding BTDG stock.

At market’s open yesterday the share price made another attempt to reach the value given in the company’s press releases, though the number and the willingness of the buyers were again insufficient for a four-digit jump up. At the end of the day, BTDG closed at $0.0021, still 16.67% up from the previous close.

Yesterday afternoon the company said that its Board of Directors accepted the offer of $0.04 per share from Sino-Can Industrial Holdings Group Ltd. for all outstanding shares of B2 Digital, Inc. Thus, the search for the fair value of BTDG stock seems finally over, at least in BTDG’s PR campaign.

The initial offer from the middle of September was for a price of $0.15 per share, though it looks like the acquirer recognized that this value was reached on two disclosed stock promotions. The price range of the offer got then substantially lowered to $0.04 for a share, and the investor required also the NI 43-101 geology report for the property that the company acquired through a joint venture agreement in September.

The report was published on the OTC markets homepage, but it was not considered that trustful by traders and B2Digital’s attempts to convince Sino-Cam that the share price dropped so dramatically on the massive shorting activity and to get a $0.10 share price for their stock failed completely.

The quality of the acquired mining property and the future value of BTDG future business remain highly questionable as the company is not registered with SEC anymore. Though, in the meantime it was announced that the already huge number of shares outstanding would grow further through the grant of a stock divided. The company said that it would issue ten shares of common stock for each held one hundred shares, payable date was supposed to be November 5, 2010.

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The share price of B2Digital, Inc. (PINK:BTDG) is surging strongly up this week as yesterday afternoon the company announced the final outcome of the long and controversial bargaining about the fair price of all outstanding BTDG stock.

At market’s open yesterday the share price made another attempt to reach the value given in the company’s press releases, though the number and the willingness of the buyers were again insufficient for a four-digit jump up. At the end of the day, BTDG closed at $0.0021, still 16.67% up from the previous close.

Yesterday afternoon the company said that its Board of Directors accepted the offer of $0.04 per share from Sino-Can Industrial Holdings Group Ltd. for all outstanding shares of B2 Digital, Inc. Thus, the search for the fair value of BTDG stock seems finally over, at least in BTDG’s PR campaign.

The initial offer from the middle of September was for a price of $0.15 per share, though it looks like the acquirer recognized that this value was reached on two disclosed stock promotions. The price range of the offer got then substantially lowered to $0.04 for a share, and the investor required also the NI 43-101 geology report for the property that the company acquired through a joint venture agreement in September.

The report was published on the OTC markets homepage, but it was not considered that trustful by traders and B2Digital’s attempts to convince Sino-Cam that the share price dropped so dramatically on the massive shorting activity and to get a $0.10 share price for their stock failed completely.

The quality of the acquired mining property and the future value of BTDG future business remain highly questionable as the company is not registered with SEC anymore. Though, in the meantime it was announced that the already huge number of shares outstanding would grow further through the grant of a stock divided. The company said that it would issue ten shares of common stock for each held one hundred shares, payable date was supposed to be November 5, 2010.

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‘CHiPs’ Actor’s Journey in the Land of Penny Stocks October 8, 2010, 3:31 pm Courtesy Everett Collection Larry Wilcox, left, and Erik Estrada astride their motorcycles in “CHiPs.” 5:34 p.m. | Updated Larry Wilcox became famous for playing Officer Jon Baker on the hit television series “CHiPs” decades ago

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‘CHiPs’ Actor’s Journey in the Land of Penny Stocks

For those of you new to penny stocks “the float” refers to the shares that are available for trade. This is the most important figure for a penny stock trader and one that is relied upon to make trading decisions.

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IGSM – What Happens When The Float Disappears

Yesterday TNXI reported another impressive quarter earning $.11 a share.

On the generally bearish mood for Digital Angel Corp. (NASDAQ:DIGA) stock over the last year, yesterday it looked like a press release could revive some investor hopes for profitability in the observable future.

Yesterday the stock closed 2.24% up at $0.46 on extreme daily volatility and blasting volume of over 536,000 shares traded. This is an enormous value as compared to an average volume of 79,000 for the stock and it led to the price breaking up its upper trading band shortly after the market opened. This has not happened over the last three months and could be a good signal for the declining stock price to finally start going up.

According to the press release from yesterday, Digital Angel got its line of electronic identification tags using HDX technology approved by the USDA. It looks like the management’s intention to now concur new markets managed to revive investor enthusiasm for a while and let them forget about the not so encouraging news around Digital Angel coming out recently.

Around two weeks ago new 1.125 million shares of common stock were registered with the SEC pursuant to the Digital Angel Corporation 2003 Flexible Stock Plan. With the previously registered 2.875 million shares, the company may have a total of 4 million new shares outstanding, which is already a severe dilution threat for the current shareholders.

Now they can hope that the additional cash raised will be properly used in the ongoing restructuring process that is supposed to end up by the end of the year. As part from that, the company has been selling out its non-core businesses to focus on the animal identification market, which is also what yesterday’s press release was related to, explaining the positive reaction of the market. However, the optimization changes in the corporate structure resulted in modest improvements so far.

First quarter financial results did not suggest the business is growing, losses did not appear to get improved over the last four quarters and the latest cash flow from operations was negative. The company barely has enough cash to pay out its short term financial obligations, but hopes to finance its future activities with cash flows from operations, from a revolving credit facility and from the sale of additional business units.

As the revenues were also declining over the last nine months, the market appears still not optimistic that this negative trend will soon reverse.

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On the generally bearish mood for Digital Angel Corp. (NASDAQ:DIGA) stock over the last year, yesterday it looked like a press release could revive some investor hopes for profitability in the observable future.

Yesterday the stock closed 2.24% up at $0.46 on extreme daily volatility and blasting volume of over 536,000 shares traded. This is an enormous value as compared to an average volume of 79,000 for the stock and it led to the price breaking up its upper trading band shortly after the market opened. This has not happened over the last three months and could be a good signal for the declining stock price to finally start going up.

According to the press release from yesterday, Digital Angel got its line of electronic identification tags using HDX technology approved by the USDA. It looks like the management’s intention to now concur new markets managed to revive investor enthusiasm for a while and let them forget about the not so encouraging news around Digital Angel coming out recently.

Around two weeks ago new 1.125 million shares of common stock were registered with the SEC pursuant to the Digital Angel Corporation 2003 Flexible Stock Plan. With the previously registered 2.875 million shares, the company may have a total of 4 million new shares outstanding, which is already a severe dilution threat for the current shareholders.

Now they can hope that the additional cash raised will be properly used in the ongoing restructuring process that is supposed to end up by the end of the year. As part from that, the company has been selling out its non-core businesses to focus on the animal identification market, which is also what yesterday’s press release was related to, explaining the positive reaction of the market. However, the optimization changes in the corporate structure resulted in modest improvements so far.

First quarter financial results did not suggest the business is growing, losses did not appear to get improved over the last four quarters and the latest cash flow from operations was negative. The company barely has enough cash to pay out its short term financial obligations, but hopes to finance its future activities with cash flows from operations, from a revolving credit facility and from the sale of additional business units.

As the revenues were also declining over the last nine months, the market appears still not optimistic that this negative trend will soon reverse.

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As the market did not seem to appreciate the positive first quarter results filed in May, last week the market finally reacted to the promotional support that tries to change the long-term direction of ZST Digital Networks, Inc. (NASDAQ:ZSTN) stock price.

Although no additional demand was observed, ZST stock has a moderate 4.57% increase on Friday. But it looks like the market is still indecisive and a considerable volume spike toward the end of the trading session managed to raise the price, which then closed at $4.81. After the recent operational improvements during this year’s first quarter got hardly reflected in the market valuation, ZST must have decided that the investor awareness for their stock has to be pushed forward.

On Friday, the promotion disclosure was made again, which said that ZST Digital has engaged a stock promoting company to make investors notice the high potential of ZST stock. The promoting company hired provides investor awareness services and equity research reports, and ZST paid for twelve months of these services with 13,000 shares under Rule 144, along with $27,000 in cash. The shares provided to the promoter do not really raise concern, as they are restricted and cannot be sold out immediately, though investors should consider that the promoter additionally discloses that some of their employees and affiliates may have positions in the stock being promoted.

It seems that ZST stock has been promoted since the beginning of March, and despite of the implied conflict of interests, there was a jump in the price initially. Though, afterwards the stock had lost much of its value up to date and now signals some chances to reverse that downtrend. That may also be supported by the recent operational improvements. It looks like the CEO’s strong personal motivation for results, coming from his nearly 43% ownership of the company’s common stock, has finally moved the business forward.

The newly offered by the company GPS devices and services were a good strategic decision, as the additional revenues in this year’s first quarter have partially offset the decline in the sales of cable television equipment, which the company’s core business. Further positive facts are that ZST has no long-term debt, but more importantly, in the last quarter operations finally generated enough cash to cover all the expenses and external financing will be needed only if the management decides to expand the GPS business.

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Images of the Week: The iPod Revolution & BP’s Plan to Plug the Hole