Benzinga's Microcap Movers for Friday June 22, 2012
Below are highlights from Benzinga's daily coverage of small cap and microcap securities making big moves:
Start Scientific (dPollution International) (RMGX), the Canadian clean technology company, rose 89% Friday on 14 times the average daily volume.
The company released the following update for investors on its current and future business plans and operations: During the past twelve months, the Company has been reorganizing and evaluating its proprietary technologies. The Company has engaged new leadership, Tony Zhang, to lead the Company and will appoint additional management in the near future. The Company is moving forward strategically to serve the interests of its shareholders. The Company has been previously involved in discussions with numerous organizations to ascertain how to build investor and shareholder value. After considerable analysis, deliberation and evaluation, management has decided to sell one of the Company's two technology assets, which is the asset identified as "Start Scientific" or the "Start Device". Upon conclusion of certain negotiations, the Company is pleased to announce the sale of its patented pending technologies, the Start Fuel Efficiency and Emissions Device to Great Wall Builders (GWBU). As consideration therefore, the Company will receive an aggregate 27,360,793 shares of common stock of GWBU for the sale of its FEED device. The Company intends to distribute the 27,360,793 shares of common stock of GWBU to its shareholders as a dividend and will make further announcements as to procedures and timing.
Start Scientific closed at $0.06 on Friday.
Shares of Harris Interactive (NASDAQ: HPOL), the New York City-based market research company, rose 11.93% Friday on 4.5 times the average daily volume.
On June 15, 2012, the Board of Directors of Harris Interactive granted management authority to establish a trading plan under Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended, as part of its previously announced $3 million share repurchase program. The trading plan will allow the Company to repurchase shares in the open market during the period commencing on June 18, 2012 and ending after the Company publicly discloses its fourth quarter and full year fiscal 2012 results.
Harris Interactive closed at $1.22 on Friday.
Shares of LiveDeal (NASDAQ: LIVE), the Las Vegas, NV provider of customer acquisition services, rose 19.22% Friday on 4 times the average daily volume.
Rumors of a new mobile product propelled LiveDeal more than 50% higher this week. The company's Board of Directors was reported to be meeting on Friday.
LiveDeal closed at $1.56 on Friday.
The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
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