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Report on CDNL, NWBO, PRGN, AMRN
On December 10, 2015, Cardinal Resources, Inc. (OTCBB: CDNL) entered into a Securities Purchase Agreement with Hangzhou Sky Valley Water Technology Co., Ltd., a water technology company based in Suzhou, China, Jiangsu province. The SPA provides for the issuance of shares of common stock, $.001 par value per share, equal to up to 51% of the company’s issued and outstanding shares of common stock as of the closing of the transaction in consideration of aggregate gross proceeds of $7,500,000 to be provided in two tranches.
Northwest Biotherapeutics (NASDAQ: NWBO) has reached conceptual agreement for its DCVax tumor therapy with three different sets of parties, in regard to three different combination treatments, for three different cancers in three different Phase II trials. These involve leading participants in the immunotherapy field. The Company and these outside parties are now completing the agreements and budgets, and pursuing regulatory approval for the agreed upon trials.
The Company has received updated data from the ongoing follow-up of patients in the Phase I portion of the DCVax-Direct trial. To date, 20 of the 40 patients have exceeded 12 months overall survival (“OS”), 13 of the 40 patients exceed 18 months OS, at least 10 of those 13 patients (with 2 of the 13 currently unknown) are still alive at OS times up to 29 months to date, with the majority having exceeded 20 months.
Paragon Shipping, Inc. (NASDAQ: PRGN) has entered into an agreement with Jiangsu Yangzijiang Shipbuilding Co., or Yangzijiang, to extend the deliveries of its three Kamsarmax newbuilding drybulk carriers (Hull numbers YZJ1144, YZJ1145 and YZJ1142), to September 30, 2016, October 31, 2016 and November 30, 2016, respectively, subject to certain conditions.
On April 26, 2016, the Company and Mr. Michael Bodouroglou, the Company’s Chairman, President, Chief Executive Officer and Interim Chief Financial Officer, filed a law suit against Tradewinds and their financial reporter, Mr. Joe Brady Stamford for defamation damages. In particular on February 18, 2016, Tradewinds reported that the Company had obtained its Board of Directors approval for filing bankruptcy under Chapter 11. The Company and its Board of Directors declared that the above statement was totally untrue. The Company believes that such false statements had a negative impact on the Company, its reputation and stock price. The lawsuit was submitted before the Prosecutor of the Criminal Court of Athens.
Amarin Corporation plc (NASDAQ: AMRN), is a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health. They will host a conference call with members of Amarin senior management to discuss the company’s first quarter 2016 financial results and provide an operational update on Thursday, May 5, at 8:00 a.m. ET. The conference call will follow the anticipated release of the company’s financial results earlier that day.
The conference call can be heard live on the investor relations section of the company’s website at www.amarincorp.com, or via telephone by dialing 877-407-8033 within the United States or 201-689-8033 from outside the United States. A replay of the call will be made available for a period of two weeks following the conference call. To hear a replay of the call, dial 877-660-6853 (inside the United States) or 201-612-7415 (outside the United States). A replay of the call will also be available through the company’s website shortly after the call. For both dial-in numbers please use conference ID 13635415.
Broad street alerts has not been compensated for the mention of any publicly traded companies in this article nor do we own positions in any of the companies in this article.
Broad Street Alerts was previously compensated eighteen thousand five hundred dollars by star media llc for the mention of FNJN however, that contract has expired.
Broad street alerts have compensated the author of this report up to two hundred and fifty dollars for the redistribution rights for a period of up to 30 days.
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