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Paramount Acquisition Corp. (OTCBB: PMQC), up 1% on 4 million shares, announced Wednesday that Jerry Silva, the Chief Executive Officer of Chem Rx, and Steven Silva, the Chief Operating Officer of Chem Rx, entered into put option agreements with certain institutional investors. As more fully described in the Current Report on Form 8-K and proxy supplement being filed today by Paramount, the put option agreements provide each investor with an option to require the Silvas to purchase from it the shares of Paramount common stock that the investor purchases between October 18, 2007 and the time of Paramount's special meeting, up to a maximum of 5,879,998 shares.
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Gilead Sciences Inc (Nasdaq: GILD), up 1% on 14 million shares, a biopharmaceutical company that discovers, develops and commercialises therapeutics, declared on 18 October its results of operations for the quarter ended 30 September 2007.
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HAPC, Inc. (OTCBB: HAPN), down 5% on 3 million shares, today announced that its Special Annual Meeting of Stockholders, previously scheduled for October 19, 2007, to consider HAPC's proposed acquisition will be rescheduled for October 24, 2007 at 10:00 AM Eastern time, at the offices of Morgan, Lewis & Bockius LLP, 101 Park Avenue, New York, NY 10178. The record date will continue to be August 6, 2007. The meeting will reconvene on October 19, 2007, as previously scheduled, for the sole purpose of adjourning to the new date.
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Gemstar-TV Guide International, Inc. (NASDAQ: GMST), up 2% on 13 million shares, a leading media, entertainment and technology company, announced yesterday continued expansion of its patent licensing program in Europe, recently signing three new patent license agreements with leading German-based consumer electronic (CE) companies. The multi-year agreements with Loewe Opta GmbH, Metz-Werke GmbH & Co. KG and KATHREIN-Werke KG, all allow for the use of Gemstar-TV Guide's licensed intellectual property in each company's televisions, recorders and set-top boxes deployed in Germany and throughout Europe.
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Communication Intelligence Corporation (OTCBB: CICI), up 3% on 3 million shares, announced Thursday that it was selected by Frost & Sullivan as the recipient of the 2007 Global Frost & Sullivan Award for Market Leadership in the dynamic signature verification (DSV) market. CIC's keen focus on technological innovations, efforts to develop flexible business approaches, increased R&D investments, global expansion initiatives, and novel product offerings are expected to help it hold sway in the DSV market in the future as well.
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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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