On Thursday, Speed Commerce Inc (NASDAQ:SPDC)’s shares declined -28.55% to $0.400.
Speed Commerce Inc (SPDC) declared that it reached contracts with investors for a registered direct offering of 13,035,713 shares of our common stock and warrants to purchase up to 9,776,784 shares of our common stock at a combined public offering price of $0.56 per share and related warrants for total gross proceeds of $7.3 million. The warrants will have an exercise price of $0.56 per share.
The offering is predictable to close on or before April 21, 2015, subject to satisfaction of customary closing conditions.
Speed Commerce, Inc. provides e-commerce and fulfillment services to retailers and manufacturers in the United States and Canada. It offers Web platform development and hosting, order administration, fulfillment, logistics, and contact center services, which provide customers with transaction-based services and information administration tools.
Harvest Natural Resources, Inc. (NYSE:HNR)’s shares dropped -24.98% to $0.675.
Harvest Natural Resources, Inc. (HNR) declared 2014 fourth quarter and year-end earnings.
Harvest posted a fourth quarter 2014 net loss of $179.7 million, or $4.23 per diluted share, contrast with a net loss of $122.7 million, or $3.02 per diluted share, for the 2013 fourth quarter. For the year ended December 31, 2014, Harvest’s net loss was $193.5 million, or $4.60 per diluted share, contrast with a net loss of $89.1 million, or $2.25 per diluted share, for 2013.
Harvest Natural Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties. It primarily holds interests in the Bolivarian Republic of Venezuela; and exploration and exploitation acreage offshore of the Republic of Gabon.
At the end of Thursday’s trade, Natural Health Trends Corp. (NASDAQ:NHTC)‘s shares dipped -22.63% to $19.01.
Natural Health Trends Corp. (NHTC) estimates revenue for the quarter ended March 31, 2015 to be $40.9 million. The Company also estimates that its deferred revenue at March 31, 2015 was $10.2 million, contrast to $2.7 million at December 31, 2014. In the first quarter of 2014, revenue was $23.2 million, with deferred revenue of $7.9 million at March 31, 2014 and $2.6 million at December 31, 2013.
The revenue estimate is preliminary and has not been reviewed by the Company’s independent accountants. Noteworthy updates and revisions may be required before the release of the Company’s first quarter financial results in May. In addition, the Company’s quarterly financial results will comprise other factors necessary to calculate additional financial metrics, counting gross profit and net income.
Natural Health Trends Corp., a direct-selling and e-commerce company, provides wellness, beauty, and lifestyle products for consumers or business builders under the NHT Global brand name.
ForceField Energy Inc (NASDAQ:FNRG), ended its Thursday’s trading session with -21.65% loss, and closed at $4.74.
ForceField Energy Inc (FNRG) a seller and distributor of energy products and solutions issued a response to statements made in a MoxReports research report (“Report”) dated April 15, 2015. While the Company understands the amount of time put into the Report by the writer, the Company believes that investors have a right to receive accurate information. The Company believes the statements made in yesterday’s Report are inaccurate and contain numerous errors of facts, speculation and interpretations of events. For example, to name a few:
The Company has revealed all material information in a timely manner and in compliance with Securities and Exchange Commission (SEC) regulations. No member of the Company’s executive administration team has any SEC, FINRA, or other regulatory or civil violations as implied in the Report.
The Company which is current in its filings and has never made a late filing beyond any allowable extension period; filed its Form 10-K yesterday on a timely basis since it had availed itself of an 12b-25 automatic 15 day extension made necessary due to the complexity of accounting for its two noteworthy acquisitions during 2014. The Company’s 10-K addresses some of the following points made in the Report:
ForceField Energy Inc., through its auxiliaries, designs, distributes, and licenses alternative energy products and technologies in China and the United States. It distributes light emitting diode (LED) commercial lighting products and fixtures; and produces trichlorosilane, a chemical used for the production of polysilicon that is utilized as a raw material in the production of solar cells for photovoltaic panels.
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