IDVC, ICOR, HSPO, AMBS, BFHJ, LGBS
Our Stocks to Watch today include Infrastructure Developments Corp. (OTCBB: IDVC), InterCore Energy Inc. (OTCBB: ICOR), HealthSport Inc. (OTCBB: HSPO), Amarantus BioSciences Inc. (OTCBB: AMBS), Beneficial Holdings Inc. (OTC: BFHJ) and Legends Business Group Inc. (OTC: LGBS).
INFRASTRUCTURE DEVELOPMENTS CORPORATION (OTCBB: IDVC)
"Up 22.22% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/IDVC.php
Infrastructure Developments Corp. operates as an engineering and construction services company in the Middle East, East Asia, and Oceania. It primarily focuses on small to mid-sized government contracts and subcontracts. The company also involves in the construction of private residential properties. In addition, it distributes various types of portable prefabricated structures for use as residence and offices space on project sites, as well as for disaster relief situations and other environments requiring the deployment of low-cost housing. The company is based in Herndon, Virginia.
July 26 - Infrastructure Developments Corp. Acquires Cleanfield Energy, Inc.
Infrastructure Developments Corp. (OTCBB: IDVC) (the "Company") announced that the Company pre-paid in full an outstanding $19,000 convertible note.
Over the past seventeen months the Company borrowed $214,000 from an investment firm to finance the startup of its U.S. Navy "Lido" project in Indonesia as well as for general corporate expenses. The Company borrowed the funds on terms that included a conversion option at a discount to the trading price in the market. The subsequent conversion of the debt to stock, and the apparent liquidation of stock in the market, resulted in a significant increase in the Company's public float which increase may have resulted in the drop in the Company's stock price over the past year. Of the $214,000 borrowed, $20,000 now remains.
"We needed to pre-pay this portion of the convertible debt to reduce common stock reserved for conversions, and to put a stop to the continued dilution of our outstanding shares," stated Eric Montandon, director of the Company. "We are determined to repay the remaining debt before the conversion date in order to prepare us for an expected company acquisition in the coming months. We will provide details regarding this acquisition when we finalize the details."
INTERCORE ENERGY INCORPORATED (OTCBB: ICOR)
"Up 18.11% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/ICOR.php
InterCore Energy, Inc. is a public company that, in addition to managing its own operating entities, plans to participate in emerging companies in the energy sector that are run by exceptionally talented entrepreneurs and operating executives who are dedicated to creating positive change in our world. InterCore functions as an owner, product developer, and investor focused primarily on providing equity, acquisition debt, or bridge financing to emerging high-growth companies and entrepreneurs in the area of clean energy.
July 23 - InterCore Energy Formalizes Management Incentives
Warrant Packages Intended to Incentivize Management to Grow Company
InterCore Energy, Inc. (OTCBB: ICOR) announced that on Friday, July 20, 2012, its Board of Directors adopted a resolution granting warrants to the Company's senior management team.
The structure of the warrant packages is consistent with one of the basic operating principles of ICOR: that management's rewards would be linked to ICOR's financial performance. The intention has always been that management would have performance-linked incentives that places the management team and the Company's investors on the same side of the table.
Thus, the warrants granted to management have two major elements that are consistent with the stated philosophy – they are all currently "out of the money" and none vest earlier than February 1, 2013.
"I'm pleased that the Board has formalized management incentives that offer future compensation that is related directly to the Company's stock price over time. I welcome the opportunity to build InterCore Energy into an enterprise with significant value that should provide a superior return to its shareholders while simultaneously offering management an opportunity to benefit from the results of such growth," said James F. Groelinger, CEO of InterCore Energy. "I believe there are remarkable operating and investment opportunities that can provide robust financial rewards for our Company and our shareholders while enhancing the domestic energy environment."
HEALTHSPORT INCORPORATED (OTCBB: HSPO)
"Up 216.67% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/HSPO.php
HealthSport, Inc. is a fully integrated developer, manufacturer and marketer of unique and proprietary branded and private label edible film strip nutritional supplements and over-the-counter drugs. HealthSport's wholly-owned subsidiary, Innozen, Inc., is the preeminent formulator, developer and manufacturer of edible film strips that deliver drug actives through buccal (between the cheek and gum) absorption. InnoZen's proprietary edible film strip delivery technology is superior to any other competitive edible film strips currently available on the market. InnoZen has five patents pending and has developed numerous trade secrets which it incorporates in the development and manufacturing process of edible film strips.
No recent news for HealthSport, Inc. (OTCBB: HSPO).
AMARANTUS BIOSCIENCES INCORPORATED (OTCBB: AMBS)
"Up 10.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/AMBS.php
Amarantus BioSciences, Inc. is a California-based development-stage biotechnology company founded in January 2008. The Company has a focus on developing certain biologics surrounding the intellectual property and proprietary technologies it owns to treat Parkinson’s disease and other human diseases. The Company owns the intellectual property rights to a therapeutic protein known as Mesencephalic-Astrocyte-derived Neurotrophic Factor ("MANF").
July 12 - Amarantus BioSciences Corporate Overview to be Webcast Live Today from OneMedForum 2012 Conference in NYC
Amarantus BioSciences, Inc. (OTCBB: AMBS), a biotechnology company developing new treatments for human disorders including Parkinson's disease and Traumatic Brain Injuries (TBI) centered on its proprietary anti-apoptotic therapeutic protein known as MANF, today announced that its President & CEO Gerald E. Commissiong will be presenting a corporate overview on July 12th, 2012, to be broadcast live from OneMedForum 2012 Conference at 11:20am ET from the Metropolitan Club in New York City.
BENEFICIAL HOLDINGS INCORPORATED (OTC: BFHJ)
"Up 100.00% on Thursday"
Detailed Quote: www.otcpicks.com/quotes/BFHJ.php
Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
No recent news for Beneficial Holdings Inc. (OTC: BFHJ).
LEGENDS BUSINESS GROUP INCORPORATED (OTC: LGBS)
"Up 91.89% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/LGBS.php
Legends Business Group, Inc., was incorporated in March 2006, and is a publicly traded company. The company has recently refocused its purpose and has moved itself into the alternative and exotic energy marketplace.
No recent news for Legends Business Group Inc. (OTC: LGBS).