News / Finance
WhisperfromWallStreet.com "AMEX Morning Losers" - TEL-INSTRUMENT ELEC,TIK - GOLF TRUST OF AMER,GTA - VISTA GOLD NEW,VGZ
Tel-Instrument Electronics - Golf Trust of America, Inc. - Vista Gold Corp.
TEL-INSTRUMENT ELEC,TIK
Tel-Instrument Electronics Corp engages in the design and manufacture of avionics test and measurement solutions for the commercial air transport, general aviation, government/military aerospace, and defense markets worldwide. It provides instruments to test, measure, calibrate, and repair various airborne navigation and communication equipment. The company also offers calibration and repair services. Tel-Instrument Electronics sells its products through independent sales representatives, export agents, and overseas distributors. The company was founded in 1947 and is based in Carlstadt, New Jersey.
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GOLF TRUST OF AMER,GTA
Golf Trust of America, Inc. announced that on January 23, 2009, the Company and certain of its affiliated entities completed the sale of the business and the related assets of the Wildewood Country Club and The Country Club of Woodcreek Farms (collectively known as "Stonehenge"). The business and its assets were sold to WCWW Committee, LLC, (the "Purchaser")pursuant to the Purchase and Sale Agreement dated September 26, 2008.
The purchase price received by the Company from the Purchaser was (a)approximately $4,100,000 in cash subject to certain credits, adjustments and prorations pursuant to the Agreement, (b) the assumption of certain liabilities and (c) contingent value rights as referenced by Exhibit 10.1 to the Company's Form 8-K filed on October 1, 2008.
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VISTA GOLD NEW,VGZ
Vista Gold Corp. engages in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects in North America, Australia, and Indonesia. It also explores for silver and copper ores. The company was founded in 1983 and is based in Littleton, Colorado.
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