Omega Commercial Finance (OTCQB: OCFN). $0.05. Announced Thursday after market close that their 10-Q unaudited "Statement of Cash Flow" ending June 30th 2012, a year-over-year increase in cash flow was 230%.
Management is pleased to announce this illustration of growth when compared between the same period ending June 30th 2011 and its respective value of $50,010 and the current period ending June 30th 2012 with its respective value of $115,287. This is a fundamental measure and indicator for the success of a micro-cap growth company. This growth value measures their ability to manage cash flow necessary to sustain the day-to-day working capital needs for its operations.
Although the net income still lags and is showing a net loss, this is due to productive administrative cost such as accounting, auditing, and legal retainers for the company's securities filings. In aggregate, each of these efforts allows an upgrade to the company's financial statements & operations resulting in a fully reporting,"transparent" status. Additional costs include due diligence and underwriting administrative expenses, which were essential for creating the current backlog of commercial property financing opportunities for the company's loan pipeline.
Jon S. Cummings VI, President of Omega, states,"It is an important factor to sustain long-term growth as a micro-cap company by monitoring and balancing our short-term cash flow needs."
What They Do: Omega trades as a commercial real estate lender and specialty finance holding company. Through its subsidiaries, Omega CRE Group LLC and Ωmega Capital Street LLC, the company shall focus primarily on originating, investing in, acquiring, and managing senior performing commercial real estate mortgage loans, commercial mortgage-backed securities, commercial real estate corporate debt & loans, and other CRE-related debt-investments in the U.S. and globally.
Uranium Resources (Nasdaq: URRE) $0.49. Today announced that at a special meeting of stockholders of Neutron Energy, Inc. (“Neutron”), held on August 23, 2012, Neutron stockholders approved the Agreement and Plan of Merger, dated March 1, 2012 (the "Merger Agreement"), by and among Neutron, URI and URI Merger Corporation, and the merger (the "Merger") contemplated by the Merger Agreement.Of the shares voted at Neutron’s special meeting of stockholders, 99.9% of the votes cast were “FOR” approval of the Merger Agreement and the Merger, which represents approximately 61.5% of Neutron’s outstanding shares as of the record date for the meeting.
Approval of the Merger Agreement and the Merger by Neutron stockholders satisfies one of the conditions to complete the acquisition of Neutron by URI. The closing of the transactions contemplated by the Merger Agreement remains subject to URI stockholder approval of the issuance of 37,000, 000 shares of URI common stock in connection with the Merger at the special meeting of URI stockholders being held on August 29, 2012. Assuming URI stockholder approval is received, the transaction is expected to close on or about August 31, 2012.
What They Do: Uranium Resources Inc. explores for, develops and mines uranium.
Amkor Technology (Nasdaq: AMKR) $4.79. Today announced that the U.S. Court of Appeals for the Federal Circuit issued a favorable ruling in Amkor's appeal in its patent infringement case against Carsem (M) Sdn Bhd, Carsem Semiconductor Sdn Bhd, and Carsem Inc. before the U.S. International Trade Commission.
In the underlying ITC proceedings, the Administrative Law Judge had ruled that certain Carsem Dual and Quad Flat No-Lead (QFN) Packages infringe certain claims of one of Amkor’s patents (U.S. Patent No. 6,433, 277) relating to MicroLeadFrame® (MLF) technology. However the ITC subsequently ruled that the infringed claims were invalid and terminated the proceedings. The Federal Circuit Court has now reversed the ITC’s determination of invalidity, and remanded the matter to the ITC for further proceedings consistent with its opinion.
What They Do: Amkor is a leading provider of semiconductor packaging and test services to semiconductor companies and electronics OEMs.
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