QED CONNECT INC (OTCPINK: QEDN) increased 18.18% to $0.0260 on a traded volume of 405k shares. The Company has signed a definitive agreement to acquire Kuma Oil which owns oil and gas rights in the Russian territory of Perm Krai. Kuma's oil reserves were qualified in a study by Miller Lents and subsequently verified to have 105,000,000 barrels of proven and probable reserves. These reserves have an estimated Net Asset Value of approximately $525 million from the combination of Proven and Proven Undeveloped Reserves.
USA Graphite Inc (OTCQB: USGT) decreased 7.24% to $0.461 on a traded volume of 72k shares. Earlier, the Company announced that it has already signed a letter of intent to acquire the Ruby Mountains Graphite Property, which has potential for high value flake graphite. The financial terms of the transaction consist of approximately $3,200,000 in cash and stock and a $500,000 work program commitment. USA Graphite Inc is a development-stage company. The Company is focusing its business on acquiring or merging with one or more operating businesses.
Bio Matrix Scientific Group Inc (OTCPINK: BMSN) moved down 11.36% to $0.0040 on a traded volume of 21.13 million shares. The 52-week range for the stock is $0.02 and $0.18. The 50-Day Moving Average and 200-Day Moving Average prices is $0.03 and $0.04 respectively. The Company is in the business of designing, developing and marketing medical devices, specifically disposable instruments used in stem cell extraction and tissue transfer procedures and operating cryogenic cellular storage facilities, specifically stem cell banking facilities.
Nano Labs Corp (OTCQB: CTLE) slipped 0.17% to $0.588. Recently, the Company provided letter to shareholders regarding their road map and business plan for success through 2013. The Company focuses on the acquisition of coatings and laminates made from nanotechnology for its own use or licensing to others. The company was formerly known as Colorado Ceramic Tile Inc. and changed its name to Nano Labs Corp. in April 2012.
NanoTech Entertainment Inc (OTCPINK: NTEK) plunged 16.11% to $0.0125 on a traded volume of 2.16 million shares. The Company has completed the first phase of a plan to buy back shares of its common stock. The program identified two stages, whereby a total 75 million shares would be acquired in phase one and 120 million shares would be acquired in phase two.
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