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Nexia Holdings, Inc. (OTCBB: NEXA), even on 45 million shares, a diversified holding company with operations in real estate, health & beauty and fashion retail, announced yesterday that it has settled all claims arising from a debenture issued in 2004. Nexia has issued 200,000 shares of Series C Preferred Stock to settle the claims in the amount of approximately $278,000. The parties have signed an Agreement and General Release that provides that all claims are being released in exchange for the preferred stock that is being issued.
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Yahoo Inc. (Nasdaq: YHOO), down .34% on 15 million shares, Yahoo! Search today announced Search Assist, the most advanced assistance technology available on the Web, and the integration of audio, video and photos directly into the search results to help make Web search effortless for consumers. The new Yahoo! Search was designed to better understand user intent and get consumers to the results they are looking for in one search.
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AmeriResource Technologies, Inc. (OTCBB: AMRE), down 20% on 24 million shares, a diversified holding company, announced today that it has filed its financial statements for the second quarter ended June 30, 2007 when gross revenues more than doubled, reporting a 119% gross revenue increase over the same quarter for last year.
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Flextronics International Ltd. (Nasdaq: FLEX), up .72% on 9 million shares, completed its acquisition of Solectron Corporation on October 1, 2007. Flextronics yesterday announced final results for the elections made by Solectron stockholders regarding the form of merger consideration they will receive in the merger. Pursuant to the terms of the merger agreement, Solectron stockholders were entitled to elect to receive either 0.3450 of a Flextronics ordinary share or $3.89 in cash for each share of Solectron common stock, subject to proration due to minimum and maximum limits on the amount of stock consideration and cash consideration. The election deadline expired at 5:00 p.m., EDT, on September 27, 2007.
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Family Room Entertainment Corporation (OTCBB: FMLY), even on 19 million shares, announced yesterday that production will begin on "THE CODE" in mid-October. On October 1, 2007 NuImage announced that it had signed Morgan Freeman and Antonio Banderas to star in "THE CODE," to be directed by Mimi Leder ("Pay it Forward" & "The Peacemaker"). The picture will be financed by third-party financiers, Millennium Films and First Look Studios. Emmett/Furla Films will provide producing services in connection with the project. The Code is one of the four major projects that FMLY has been in active development.
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As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
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