SIPP INDUSTRIES INC NEW (OTCPINK: SIPC) among the top performers and the stock jumped up 334.78% to $0.02 on a traded volume of 299k shares. The Company is in the final stages of finalizing a merger with Spectre Worldwide Corp. Spectre, through its exclusive agreement with its authorized importer, licensor and marketer of liqueur brands including vodka, liqueurs, prosecco, tequilas, vodkas, cognac and wines sees its expansion into producing private label liquors for sales in North America and International distribution of its products with SIPC as the parent company.
Location Based Technologies Inc (OTCQB: LBAS) jumped up 16.79% to $0.251. The 52-week range for the stock is $0.12 and $0.48. The Company has Price/Sales ratio of 39.13. The 50-Day Moving Average and 200-Day Moving Average prices is $0.25 and $0.23 respectively.
Cereplast Inc (OTCQB: CERP) went down 7.47% to $0.0260 on a traded volume of 2.61 million shares. Recently, the Company said that it is reducing its workforce. The Company is reducing its worldwide headcount to 17.
The Company has created additional liquidity through the generation of approximately $500,000 in revenue over the last six weeks while continuing to focus on restructuring its operations to further position the Company for growth throughout 2013.Cereplast designs and manufactures proprietary bio based, sustainable bio plastics which are used as substitutes for traditional plastics in all major converting processes.
Graystone Company Inc (OTCQB: GYST) augmented 15.79% to $0.0044 on a traded volume of 5.72 million shares. The Graystone Company announced that the joint ventures have acquired approximately $200,000 in equipment. The equipment is in en route to Houston to be shipped down to Suriname. In the past 3 weeks, the Company has acquired the necessary items to start building the infrastructure to allow production to begin.
AMR Corporation (OTCQB: AAMRQ) increased 2.40% to $1.25. The third and final big union at AMR Corp agreed to basic labor terms in the event that the American Airlines parent merges with US Airways Group Inc. AMR Corporation operates in the airline industry. The Company’s principal subsidiary is American Airlines Inc. American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia as of December 31, 2011.
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