12-8-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice
Rita Nazareth, Bloomberg
U.S. Stocks Decline as ECB Damps Speculation
U.S. stocks retreated, snapping a three-day advance in the Standard & Poor's 500 Index, as the European Central Bank damped speculation that it would buy more bonds to fight the region's sovereign debt crisis.
Equities extended losses as the European Banking Authority said the region's lenders will need to raise 114.7 billion euros ($152.7 billion) in fresh capital. Financial shares had the biggest drop in the S&P 500 among 10 groups, falling 2.7 percent. Morgan Stanley (MS) and Citigroup Inc. (C) dropped at least 5.3 percent. Hartford (HIG) Financial Services Group Inc. tumbled 6.7 percent after the insurer said it is targeting additional cost cuts as it copes with a “fragile economic recovery.”
The S&P 500 slid 1.2 percent to 1,245.99 at 11:22 a.m. New York time. The benchmark gauge for American equities gained 1.3 percent over the previous three days. The Dow Jones Industrial Average lost 104.90 points, or 0.9 percent, to 12,091.47 today.
“There's a temptation to take capital out of the market,” Michael Shaoul, chairman of Marketfield Asset Management in New York, which oversees $1 billion, said in a telephone interview. “Most of the good news that the ECB delivered was expected. Nobody wants to commit capital ahead of the summit. People are preparing for the worst, particularly outside of the U.S., and the moderate up-sizing of the EBA's estimates European banks' capital deficiency has not helped a market which is impatient for a solution”
Today's SmallCapVoice.com Hot Stock to Watch:
Stakool/Anthus Life Corp. (OTCBB: STKO)
Stakool/Anthus Life Corp. Projects Strong Sales Growth With New Sun Cookies
Immediate Sales to be Logged
JACKSONVILLE, Fla. – December 7, 2011- Stakool Inc. (OTCBB: STKO) (PINKSHEETS: STKO), a Florida-based corporation, is pleased to announce Anthus Life Corp.'s recent agreement with New Sun Cookies is expected to generate strong sales growth throughout 2012.
The New Sun Cookies product line has been established over the past 25 years with supermarkets, convenience stores, health food stores, vending operations and school boards. New Sun Cookies are made from the finest organic ingredients and are USDA Organic, ECO and Kosher certified and Organic Canada certified. The products are available in eight delicious flavors and are made with whole grains, zero trans fat, low sodium and a great source of fiber.
SIPP International Industries, Inc. (Pink Sheets: SIPN)
A New Audio Interview With SIPP International Industries, Inc. Chairman and CEO, Gregg Pearson, is Now at SmallCapVoice.com
AUSTIN, Texas, Dec. 8, 2011 /PRNewswire/ — SmallCapVoice.com, Inc. announced today that a new audio interview SIPP International Industries, Inc. (Pink Sheets: SIPN) is now available. The interview can be heard at http://smallcapvoice.com/blog/12-5-11-smallcapvoice-interview-with-sipp-international-industries-inc-pink-sheets-sipn
Other Small Cap News
Generex Biotechnology Corporation (OTCBB: GNBT)
Breast Cancer Vaccine Reduces Cancer Recurrence in Women: Interim Results From Phase 2 Clinical Trial Trend Toward AE37 Vaccine Benefit; Results Presented at SABCS
Positive Top-line Interim Results from Phase 2 Study of AE37 presented this week: Final Phase 2 Results Expected in 2012
WORCESTER, Mass. and TORONTO, Dec. 8, 2011 /PRNewswire/ — Generex Biotechnology Corporation (OTCBB: GNBT) today announced that positive interim Phase 2 clinical data from its ongoing study of a novel Ii-Key Hybrid-based HER-2/neu Peptide Vaccine (AE37) in HER-2 expressing breast cancer patients were presented at the 34th Annual CTRC-AACR San Antonio Breast Cancer Symposium (SABCS) in San Antonio, Texas. The AE37 vaccine is being developed by its wholly-owned subsidiary, Antigen Express, Inc.
Neonode Inc. (OTCBB: NEON)
Neonode Prices $16.0 Million Public Offering of Common Stock
SANTA CLARA, Calif.–(BUSINESS WIRE)–Neonode Inc. (OTCBB: NEON) today announced the pricing of a $16.0 million underwritten public offering of 4,000,000 shares of its common stock, of which 3,000,000 shares are being offered by Neonode and 1,000,000 shares are being offered by Per Bystedt, its executive chairman, and Thomas Eriksson, its chief executive officer. The shares will be offered at a price to the public of $4.00 per share. The net proceeds to Neonode from this offering are expected to be approximately $11.2 million, after deducting the underwriting discount but before deducting other estimated offering expenses payable by Neonode. The selling stockholders have granted the underwriters a 30-day option to purchase, at the public offering price, up to an aggregate of 600,000 additional shares of its common stock to cover overallotments, if any.
Majic Wheels Inc. (OTCBB: MJWL)
Majic Wheels Launches New Waste Management and Site Work Division
FORT MYERS, FL–(Marketwire – Dec 8, 2011) – Majic Wheels Inc. (OTCBB: MJWL), a Delaware corporation, is introducing a new green business line of roll off dumpster rentals, site work services, construction and foreclosure cleanup and junk removal services. The company has assembled a management team of industry leaders with over 65 years of experience in the waste management, site work and equipment rental fields. The management team has secured service contracts in Florida that includes government, commercial, residential and bank owned projects and will be operating at a 90% recycling disposal level.
Tree Top Industries, Inc. (OTCBB: TTII)
Tree Top Industries, Inc. to Incorporate a New Subsidiary for Raising and Investing Capital
NEW YORK, Dec. 8, 2011 (GLOBE NEWSWIRE) — Tree Top Industries, Inc. (“Tree Top”) (OTCBB:TTII) has formed a new subsidiary for the purpose of raising capital, and investing that capital in attractive companies. Investment targets will be publicly traded companies, private companies who plan to go public in the near future, and other new and emerging businesses.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its audio interviews, as well small cap company's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
IMPORTANT DISCLAIMER – PLEASE READ THOROUGHLY
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. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications.
Contact:
Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
