Top 5 OTC-BB and Pinksheets Market Movers
Ambient Corporation (ABTG), Vion Pharmaceuticals, Inc. (VION), O2Diesel Corporation (OTODE), GameZnFlix, Inc. (GMZN), and Skinny Nutritional Corporation (SKNY) were all among today’s top movers.
Ambient Corporation [[ABTG.OB]] shares moved up more than 60 percent after the company announced the formalization of their relationship with Bel Fuse Inc. [[BELFB]] through a master supply and alliance agreement to enable the development of products that will help accelerate smart grid deployments. Investors are confident that this agreement will help bring smart grid solutions of the future to the electric utility market, helped by Obama’s infrastructure stimulus funds.
Vion Pharmaceuticals, Inc. [[VION.OB]] shares moved up more than 35 percent after the company announced that its new drug application for Onrigin was accepted for review by the Food and Drug Administration (FDA). The NDA presents data for Onrigin as a single agent for remission induction treatment for patients sixty years of age or older with de novo poor-risk acute myeloid leukemia. Investors are hoping that the drug will be approved for sale in the United States.
O2Diesel Corporation [[OTODE.OB]] shares moved up more than 120 percent on no new news. However, the move comes after a delay in the firm’s filing of its 10-K annual report with the SEC. As a result, there is some speculation that the trading may be in anticipation of the contents of this 10-K, which could be better or worse than expected.
GameZnFlix, Inc. [[GMZN.OB]] shares moved up more than 60 percent on no new news. However, the move also comes after a delay in the firm’s filing of its 10-K annual report with the SEC. As a result, there is some speculation that the trading may be in anticipation of the contents of this 10-K, which could be better or worse than expected.
Skinny Nutritional Corporation [[SKNY.OB]] shares are trading up two percent on no news. However, the move comes after a spectacular earnings announcement earlier this month, along with many new web site initiatives. The company announced a 189 percent increase in revenues for fiscal 2008, while net losses jumped from $5.69 million to $6.23 million year-over-year.
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