Austin, TX 12/14/2007 11:57:10 PM
Speak with other shareholders about: (OTCBB: TRNP), (Nasdaq: RIGL), (OTCBB: COPI), (Nasdaq: JBLU), (OTCBB: TREN).
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Turnaround Partners (OTCBB: TRNP), down 27% on 8 million shares, announced Wednesday it has closed on a new $3.4 million round of capital from Viewpoint Capital, LLC. The new capital was contributed in the form of free-trading securities, and results in Viewpoint receiving effective control of the company. Los Angeles based businessman Russell Kidder has been named by Viewpoint as the new Chief Executive Officer of the Company.
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Rigel Pharmaceuticals, Inc. (Nasdaq: RIGL), up 224% on 37 million shares, yesterday announced that its oral syk kinase inhibitor, R788 (tamatinib fosdium), has demonstrated statistically significant results in treating Rheumatoid Arthritis (RA) patients in a recently completed Phase 2 clinical trial. Groups treated with R788 at 100mg and 150mg po bid (orally, twice daily), showed higher ACR20, ACR50, ACR70 and DAS28 response rates than the placebo group. The efficacy results for the 100mg and the 150mg dose groups were fairly comparable.
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Compliance Systems Corporation (OTCBB: COPI), up 12% on 5 million shares, a telecom service company focused on providing compliance technologies, methodologies, and services to the teleservices industry through their proprietary product, TeleBlock Call Blocking System, announced yesterday it has retained the Investor Relations Group, Inc. (IRG) of New York City, to serve as its investor relations and corporate communications firm.
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JetBlue Airways Corporation (Nasdaq:JBLU), up 14% on 32 million shares, and Deutsche Lufthansa AG yesterday announced an agreement for Lufthansa to make a minority equity investment in JetBlue. This transaction represents the first significant investment by a European air carrier in a U.S. point-to-point air carrier.
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Torrent Energy Corporation (OTCBB: TREN), down 13% on 1.5 million shares, today announced that it is making progress on its efforts to establish additional sources of capital for the advancement of its Coos Bay coal-bed methane project. Management said the Company also is in detailed discussions with a prospective joint venture partner that has expressed interest in participating on the project. Torrent Energy Corporation is an exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States.
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