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  • WMM Micro and NanoCap Index Movers (NASDAQ: DINE, PEIX, CERP) (PinkSheets: SMNG) 0 comments
    Jun 9, 2010 11:12 AM | about stocks: PEIX, DINE, CERPQ-OLD
    WMM MicroCap

    Rewards Network (NASDAQ: DINE) is currently trading at 13.25, up 3.35 or 33.84%. There hasn’t been any news released on the company since April 28th, when they reported first quarter results of $.17 earnings per share and a 14% increase in gross profit. The Company ended the first quarter with $14.6 million of cash on hand, debt free, and without having drawn on its revolving line of credit.

     

     

    Pacific Ethanol (NASDAQ: PEIX) is trading at .82, up .09 or 12.33%. Today, the company announced the confirmation of its reorganization plan for its wholly-owned subsidiary, Pacific Ethanol Holding Co. LLC. Upon the effective date (expected by the end of June 2010), the ownership of Pacific Ethanol Holding Co. LLC and the Plant Subsidiaries will be transferred to a newly formed holding company. Through this, Pacific Ethanol obtains the option to purchase up to 25% of the total equity interest in the new company for up to $30 million in cash, which is exercisable within 90 days from the effective date. This confirmed plan will result in the elimination of approximately $290 million of the company’s debt and other liabilities.

     

     

    WMM NanoCap

    Cereplast, inc. (NASDAQ: CERP) is currently trading at 5.08, up 1.02 or 25.31%. The announcement of its plan to produce and ship about 16 million pounds of their proprietary bio-plastic resins yesterday has continued to drive the share price up over the past 2 days. Shares of Cereplast soared 87 cents, or nearly 29%, to $3.89 in late afternoon Tuesday.

     


     

    Strategic Mining Corp. (PinkSheets: SMNG) is trading at its 52-week high of .06, up .01 or 20%. The company hasn’t released in news since May 13th, when its West African Gold Property was classified as “Property of Merit”. The stock is trading at a volume of 11,834 shares.

     



    Disclosure: no positions
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