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| MJNA Addresses CBD Concerns BICX Makes Huge Improvement VMGI Progresses |
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 Hot Stock to Watch
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Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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End of Day:
Price: 0.21
Change (%): + 0.0014 (0.67)
Volume: 5,024,582 |
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Counter-Point: HempMeds Addresses Cannabidiol (CBD)-Only Laws & Dispels Scarcity Myths
CBD-Rich Hemp Oil Products on Display & Sale at CHAMPS in Las Vegas, July 15-17; No Waiting List or Additional Paperwork Required for Purchase
LAS VEGAS, July 10, 2014 (GLOBE NEWSWIRE) - HempMeds, the world’s largest distributor of award-winning CBD-rich hemp oil products, is headed to Vegas as a sponsor of the CHAMPS trade show July 15-17 at the Las Vegas Convention Center. Representatives from HempMeds will be at CHAMPS demoing and selling CBD-rich hemp oil products to retailers who are registered attendees of the business-to-business expo. HempMeds™ Director of Public Relations, Andrew Hard, will be available to answer questions about controversial state CBD-only laws and CBD-rich hemp oil product availability dispelling a myth that there is a shortage of the product in the US.
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 Yesterday's Top Performer
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Company: BioCorRx Inc. (OTCQB: BICX)
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End of Day:
Price: 0.112
Change (%): + 0.0094 (9.16)
Volume: 90,985 |
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BioCorRx, Inc. Eliminates Nearly 1,000,000 Dollars of Convertible Debt
Some Debt Strategically Converted to License Agreements
Los Angeles, July 9, 2014 (GLOBE NEWSWIRE) - BioCorRx Inc. (“the Company”) (OTCQB: BICX), a leader in addiction treatment and rehabilitation programs, is pleased to announce a series of transactions that strengthens the company’s balance sheet and offers future, income-producing upside through the elimination of all convertible debt. In addition, these steps remove any potential stock dilution that may have resulted from a debt to equity conversion of those convertible debentures. The total overall debt and interest, mostly convertible, that has been eliminated in recent transactions is nearly $750,000. In the first stage of debt reduction initiatives, the company’s debt holders agreed to exchange just over $600,000 in overall debt for upfront license fees towards territories that will give them the exclusive rights to distribute the company’s Start Fresh Program which is used to treat alcohol and opioid addiction. These additional territories could generate future income for the company, thereby turning a liability into an asset. Separately, the company paid off debt to another investor in the amount of roughly $135,000 using company funds. Finally, the company successfully converted its remaining $543,000 of convertible debentures which included interest into a simple interest-bearing note payable.
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SmallCapVoice Clients' News
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Company: Verde Media Group, Inc. (Pink Sheets: VMGI)
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Verde Media Group Inc. to Launch Proprietary Deep Well Fermentation Technology for Omega-3 Production in Asia
BOSTON, July 10, 2014 (GLOBE NEWSWIRE) - Verde Media Group Inc. (OTC:VMGI), through its Verde Media Biotechnology Division (“VMBD”) is preparing for the next phase of construction for its Pilot and semi-commercial Omega-3 oil production facility in Asia. The company broke ground on the project in May of this year and is currently poised to begin building the most crucial and cost-effective part of the facility.
The Geo Well Fermentation facility (GWF) is an underground earth-vessel based technology that will produce microbial products with a number of advantages. Primarily, the capital investment involved is reduced to half compared to steel based vessels and, secondly, the requirement to maintain a specific pre-defined temperature is substantially reduced because of geo-thermal insulation. Collectively, the technology leads to substantial savings on operating and capital investment that leads to better margins.
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Other Small Cap News
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Company: OriginOil Inc (OTCQB: OOIL)
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OriginOil Announces Breakthrough Chlorine Dioxide Pre-Treatment for its CLEAN-FRAC System
Testing shows that proprietary process can significantly improve efficiency of frack water treatment and potentially help sweeten crude
LOS ANGELES--(BUSINESS WIRE)--OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that in company testing, EWS was found to efficiently generate chlorine dioxide (CLO2), an important pre-treatment step for frac flowback and produced water and other applications. The company intends to make this process part of its standard CLEAN-FRAC™ product offering.
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Company: Green EnviroTech Holdings Corp. (OTCQB: GETH)
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Green EnviroTech Holdings Signs Definitive Agreement With Tepia Corporation Japan Co., LTD
OAKDALE, July 10, 2014 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. ("GETH" ) (OTCQB: GETH) announced today that the company has signed a definitive agreement with Tepia Corporation Japan Co., LTD ("Tepia"), which is Asia's leading consulting company through an introduction from Coast Northwest Management, LLC (COAST).
Gary De Laurentiis, CEO stated, "We are very pleased to announce the new partnerships with Tepia. GETH was introduced to Tepia by Coast Northwest Management, LLC, a private investment banking and executive business management services company based in Seattle whose team members have extensive global experience capable of matching GETH technology with the needs of the international market.We have been working with COAST for over a year now and they have been working diligently to introduce GETH to their contacts around the globe. The introduction to Tepia has been the most successful to date and we are discussing marketing our technology to several other entities in Asia."
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Market News
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By Barry Ritholtz: Bloomberg
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Has the Market Correction Started?
A week ago, I mentioned that a correction was inevitable, and that they were normal parts of all market cycles. The exact tops and bottoms are all but impossible to forecast, but that doesn't seem to stop the usual suspects from trying.
It looks like that correction is now here, triggered by European credit concerns. The equities markets in much of Europe are cheaper than those in the U.S., and stocks in Portugal, Spain, Italy and Greece rose 13 percent in the first half of 2014. Some of those gains are being disgorged as Banco Espirito Santo SA tumbled 16 percent, helping to send the Portuguese benchmark PSI 20 Index to its biggest seven-day drop since August 2011, according to Bloomberg News.
We have been overdue for a correction of 10 percent. It’s been more than 1,000 days since the Standard & Poor’s 500 Index had a decline of that magnitude. We have simply been due, and delinquencies at Portuguese banks are a handy excuse for wringing out some excesses that have built up over that period.
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By Michelle Fox: CNBC
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Market will crash, just don't know catalyst: Marc Faber
The market is setting up for a big decline that could be as bad as the crash of 1987, according to Marc Faber, known as "Dr. Doom." He just isn't sure exactly what will set it off.
"The problem with crashes, you never know beforehand precisely what is the catalyst," the publisher of the Gloom, Boom & Doom report told CNBC's "Closing Bell."
It could come from the credit market, equities being perceived as too expensive or a geopolitical event, he added.
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SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. You are receiving this message because you have agreed to receive emails from SmallCapVoice.com. You may opt out of our distribution list at any time by clicking on the "unsubscribe" link below. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications. |
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