Benzinga's Microcap Movers for Tuesday June 12, 2012

Below are highlights from Benzinga's daily coverage of microcap securities making big moves: Theragenics Theragenics TGX, the Buford, GA medical device company, rose 18.18% Tuesday on 5.5 times the average daily volume. Theragenics announced Tuesday it is commencing a modified “Dutch Auction” tender offer to purchase up to $10 million of its common stock. Under the terms of the tender offer, Theragenics stockholders will have the opportunity to tender some or all of their shares at a price within a range of $2.00 to $2.40 per share. Based on the number of shares tendered and the prices specified by the tendering stockholders, Theragenics will determine the lowest per share price within the range that will enable it to buy $10 million of its shares, or such lesser number of shares that are properly tendered. All shares accepted for payment will be purchased at the same price, regardless of whether a stockholder tendered such shares at a lower price within the range. At the minimum price of $2.00 per share, Theragenics would repurchase a maximum of 5,000,000 shares, which represents approximately 14% of Theragenics' currently outstanding common stock. Theragenics will fund this repurchase from available cash on hand. The low and high ends of the price range for the tender offer represent premiums of approximately 14% and 36%, respectively, to the closing price per share of $1.76 for Theragenics' common stock on June 11, 2012, the last trading day prior to the announcement of the tender offer. Theragenics closed at $2.08 on Tuesday. Sweetwater Resources Shares of Sweetwater Resources (SWTR), the Las Vegas, NV producer of cultured diamonds, rose 93.33% Tuesday on 520 times the average daily volume. Sweetwater Resources announced on Monday that it had closed the definitive agreement to acquire 100% of the issued and outstanding shares of Innovative Sales. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically and structurally identical to natural diamonds. The Company announced that in conjunction with the closing, Mr. Alvin A. Snaper was been appointed CEO, President and Director of the Company. Sweetwater Resources closed at $0.87 on Tuesday. Frederick's of Hollywood Shares of Frederick's of Hollywood FOH, the Hollywood, CA women's intimate apparel company, rose 12.79% Tuesday on 7 times the average daily volume. Frederick's of Hollywood announced Tuesday financial results for its fiscal 2012 third quarter ended April 28, 2012. Thomas Lynch, the Company's Chairman and Chief Executive Officer, stated, "The positive steps that we have taken over the past two years to streamline and improve our operations have brought us closer to long term profitability. While there is still much left to accomplish, the Company now has a more stable foundation upon which to build. As a result of these positive steps, we recently secured a $24 million revolving credit line, which we believe is a sign of confidence for our business from the financial markets." Mr. Lynch continued, "Results for the three months ended April 28, 2012 reflect an improvement of approximately $3.7 million in net income. An increase in vendor allowances to share the costs of promotional activity during the period was the primary reason for this improvement. We are implementing a partner-oriented approach that will allow us to continue to share product costs with our vendors on a going forward basis. We believe this will benefit both the Company and our vendors by helping push greater volume through our stores and e-commerce site, while improving our gross margins." Frederick's of Hollywood closed at $0.44 on Tuesday. 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.