|12-07-2010 09:37 AM CET - Business, Economy, Finances, Banking & Insurance||
ACTC, VGGCF – If you think this week was Solid, wait until next week!
Press release from: Xtremepicks Free Penny Strock Newsletter
ACTC & VGGCF both closed solid and at their respective highs to close out the week making way for a monster bullish run set up next week – you want to be glued to your monitors come Monday on these plays.
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Shorts continue to cover their massive position in looking at the action today and now closing above what we believe is the magical force squeeze price of $0.10, we should see some fireworks next week.
Approximately 439 Million Shares Shorted Since August 2009
ACTC closed at $0.107 up 7.56% 24.5 Million shares and now closing in on a nice double since our original alert of $0.06 – looks like shorts got the message from yesterday’s news!
Closing above the $0.10 is not only what we expect the trigger point is for short covering, it also broke through all short term resistance and something else not seen often. According to stockta.com no resistance points have been posted signifying a major bullish trend and a breakout formation!
News released yesterday fueled the rally today and is setting up a nice breakout next week.
Advanced Cell Technology Strengthens Balance Sheet
$3 Million in Debt Converted to Equity; Company has eliminated approximately $33 million in Indebtedness over past 14 months; Convertible Debentures Reduced to $890,000
MARLBOROUGH, Mass – Advanced Cell Technology, Inc. (“ACT”; OTCBB:ACTC) announced today that it has strengthened its balance sheet through the elimination of approximately $3 million in debt over the past several weeks. The conversion of senior and subordinated debentures to equity has reduced the Company’s outstanding convertible debentures to approximately $890,000. Since September 2009, Advanced Cell has eliminated approximately $33 million in indebtedness.
“We are pleased that we have taken these important steps to create long-term value for shareholders,” said William M. Caldwell IV, Chairman and CEO of ACT. “For the past three years, the monthly amortization of certain debentures and conversion to equity of other indebtedness has contributed to a regular supply of stock that has adversely impacted trading. We hope that with the elimination of most of that debt that our stock will begin to reflect the Company’s significant recent accomplishments and the potential for our technology platform in the future.”
About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying cellular technology in the field of regenerative medicine. For more information, visit http://www.advancedcell.com.
VGGCF gains now stands at 140% and we see this as just the beginning as gold stocks continue to be in the limelight and we always seek out for other solid winners in the Gold Sector.
As expected, Gold broke through the $1,400 closing at $1,414.50 and level not seen since it last touched a record high at the beginning of November – the bullish trend looks to continue for the foreseeable future.
With gold trending in favor of Gold stocks, VGGCF has no where to go but up.
VGGCF closed the day at $0.913 up 4.30% and pacing itself to break through the significant $1.00 barrier!
We are currently on high news alert following up to the December 13th shareholders meeting – we may just get a nice early Santa Claus rally to end off the year right!
Santa Claus Rally
What Does Santa Claus Rally Mean?
A surge in the price of stocks that often occurs in the week between Christmas and New Year’s Day. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.
Investopedia explains Santa Claus Rally
Many consider the Santa Claus rally to be a result of people buying stocks in anticipation of the rise in stock prices during the month of January, otherwise known as the January effect.
Lexam Explorations Signs Definitive Arrangement Agreement With VG Gold Corp.
VG Gold’s projects are located in the centre of the Timmins gold camp, which has produced in excess of 70 million ounces of gold. The new Lexam VG will be well positioned to take advantage of rising gold prices:
– Good land position that holds four gold deposits which have attractive
exploration potential situated next to large gold mines in Timmins.
– Strong treasury with $15 million and no debt.
– Growing resource base.
– Attractive valuation versus Timmins peers.
VG Gold is focused on developing its four gold projects situated in the heart of the world class Timmins Gold Camp in Canada. Currently VG Gold is performing permitting, mine planning and exploration work that leads toward production. The company’s corporate headquarters is located in the Toronto financial community. VG Gold is listed on the Toronto Stock Exchange (TSX:VG), the Frankfurt Exchange (FWB:VN3) and in the United States (OTCQX:VGGCF). VG Gold has an exploration and operations management office in Timmins, one of the world’s prolific gold camps. VG Gold’s developed properties hold significant additional exploration potential. The Company plans ongoing drilling programs for the purpose of expanding gold mineralization on its properties.
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