During Wednesday’s current trade, Flamel Technologies SA (NASDAQ:FLML)’s shares dropped -12.39%, and is now trading at $16.54, after Flamel Technologies, declared that Steve Lisi, the Senior Vice President of Business and Corporate Development at Flamel, has left the Corporation for personal reasons.
The Corporation will right away start a comprehensive search for a permanent replacement and anticipates to hire a new Vice President of Business and Corporate Development within the next six to eight weeks.
Flamel is reaffirming its product proceed guidance for 2015 of $170 to $185 million for combined sales of Bloxiverz™ and Vazculep™.
Flamel Technologies SA, a specialty pharmaceutical corporation, develops and commercializes pharmaceutical products based on its proprietary polymer based technology. The corporation owns and develops drug delivery platforms, such as Micropump that allows generating and marketing modified and/or controlled release of solid and oral dosage formulations of drugs; and LiquiTime, which develops modified/controlled release of liquid formulations for patients having issues swallowing tablets or capsules.
Sysorex Global Holdings Corp. (NASDAQ:SYRX)’s shares declined -7.65% during the current trading session Wednesday, and is now trading at $1.71, after Vista Partners, published its FREE Macroeconomic & Investment Monthly Newsletter for the month of April. Each monthly newsletter from Vista contains macroeconomic thoughts from Principal Analyst Ross Silver, investment considerations, monthly highlights of each covered corporation and other broad based commentary.
The Companies featured in the FREE April 2015 Newsletter are: Accelerize, Inc., Adriana Resources, Inc., Capital Art, Inc., Fusion, Inc., Enerpulse Technologies, Inc., OncoSec Medical (OTCQB: ONCS), Power Solutions International Inc., Soligenix, Inc. (OTCQB: SNGX), Sysorex Global Holdings Corp. (NASDAQ: SYRX), Vuzix Corporation (NASDAQ: VUZI) and others.
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm’s professional staff has backgrounds in finance, corporate communications and investment banking.
Sysorex Global Holdings Corp., through its auxiliaries, provides data analytics and location based solutions and services to commercial and government customers worldwide. It operates through four segments: IT Commercial, IT Government, eSolutions, and Location-Based Technology.
During pre-afternoon trade, Baltic Trading Limited (NYSE:BALT)’s shares dipped -7.72%, and is now trading at $1.50, after Genco Shipping & Trading Limited, and its partner Baltic Trading Limited, declared that they have reached a definitive merger contract under which Genco will attain Baltic Trading in a stock-for-stock transaction. Under the terms of the contract, Baltic Trading will become an indirect wholly-owned partner of Genco, and Baltic Trading shareholders will receive 0.216 shares of Genco ordinary stock for each share of Baltic Trading ordinary stock they own at closing, with fractional shares to be settled in cash. Upon consummation of the transaction, Genco shareholders are predictable to own about 84.5 percent of the combined corporation and Baltic Trading shareholders are predictable to own about 15.5 percent of the combined corporation. Genco anticipates to have its stock listed on the NYSE upon consummation of the transaction.
The combined corporation anticipates to further extend its leadership position in drybulk shipping and own a combined fleet of 70 drybulk vessels with an average age of 8.8 years and an aggregate carrying capacity of about 5,159,000 dwt, comprising of 13 Capesize, eight Panamax, 21 Supramax, four Ultramax, six Handymax and 18 Handysize vessels, after the predictable delivery of two Ultramax newbuildings formerly contracted by Baltic Trading.
The transaction is predictable to close in the third quarter of 2015.
Baltic Trading Limited, together with its auxiliaries, engages in the shipping business in the drybulk industry spot market worldwide. The corporation operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products, and other dry bulk cargoes.
American Eagle Energy Corporation (NYSEMKT:AMZG), during its Wednesday’s current trading session lost -14.63%, and is now trading at $0.13, hitting new 52-week low of $0.12, after American Eagle Energy, declared its financial results for the fourth quarter ended December 31, 2014 and provides an update on its current liquidity. The Corporation filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission on March 31, 2015.
Highlights:
- Production of 238,140 barrels of oil equivalent (“BOE”), or an average of 2,588 BOEPD;
- year-over-year raise of 38% from 1,879 BOEPD (172,829 BOE)
- sequential quarterly raise of 18% from 2,193 BOEPD (201,774 BOE)
- Fourth quarter 2014 oil and gas sales of $14.5 million;
- a year-over-year raise of 7%
- a sequential quarterly decrease of 15%
- Adjusted EBITDA* of $7.9 million;
- Adjusted Cash Flow* of $3.1 million;
- Adjusted Loss* of $7.0 million or $0.23 per diluted share; and
- Negative working capital of $9 million that comprises cash of $19 million as of February 28, 2015.
American Eagle Energy Corporation engages in the attainment, exploration, development, and production of oil and gas properties. It primarily holds interests in the oil deposits located within the Bakken and Three Forks formations in western North Dakota and eastern Montana.
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