Rochester, NY 8/18/2009 7:13:04 PM
Sulphco Inc., SUF - SulphCo Set to Call Convertible Notes to Strengthen Balance Sheet
Sulphco Inc.
SulphCo, Inc., a technology company with a patented ultrasound process designed to desulfurize crude oil products and crude oil, announced that the company intends to call its convertible promissory notes totaling approximately $4.7 million on July 29, 2009, provided an update on operations, including its Technology Agreement with OMV Refining & Marketing GmbH that was announced on May 12, 2009 and announced plans for its quarterly investor call.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
"SulphCo's decision to retire the convertible promissory notes simplifies SulphCo's capital structure and better positions the Company to support its commercialization efforts with OMV and other potential partners," said Stanley W. Farmer, SulphCo's Chief Financial Officer. "We believe this move strengthens SulphCo's balance sheet and is in the best interest of all Company stakeholders."
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
