Top 3 OTC-BB and Pink Sheet Market Movers
MSGI Security Solutions, Inc. (MSGI), SkyTerra Communications, Inc. (SKYT), and Medical Connections Holdings, Inc. (MCTH) were among today’s top OTC market movers.
MSGI Security Solutions, Inc. [[MSGI.OB]], which develops nanotechnology focused on chemical sensing for gases and vapors, saw its shares jump more than 70 percent after launching its first product derived from NASA technology – a handheld test for diabetes that uses breath instead of blood. Testing will be conducted in conjunction with a major hospital network in the U.S., followed by licensing discussions with top pharmaceutical companies.
SkyTerra Communications, Inc. [[SKYT.OB]], which develops and operates a next generation mobile satellite system, saw its shares rise more than 40 percent after entering into a definitive merger agreement with a new corporate formed and indirectly owned by Harbinger Capital Partners. Under the terms of the agreement, the new corporation will pay $5 per share in cash for each outstanding share of common stock.
Medical Connections Holdings, Inc. [[MCTH.OB]], which provides employment and executive search services for clients within the healthcare and medical industries, saw its shares more than double after being featured by several stock promoters. The promotion comes amid strong growth by the company over the past four years. The company was also named #7 on the Staffing Industry Analysts’ 2009 Fastest-Growing List.
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