PennyTrader.com Presents Today’s Midday Stock Report: MIKP, KALO, STXS
The major averages hold near session lows during what has been a rather uneventful session. Both the Dow and Nasdaq trade down 0.5% to lead the decline while the S&P outperforms with a 0.2% loss.
Luxury goods maker Burberry (BURBY 37.10, -2.50) is down sharply after announcing disappointing earnings. The company announced revenues increased 11.0% for the quarter to GBP408 mln, but that number fell short of the GBP418 mln Capital IQ Consensus Estimate. U.S. rival Coach (COH 55.60, -1.32) is down 2.3% as it piggybacks the move.
MIKP - Trade Alert
Up 28.57% in morning trading to $.0009 with 80M shares traded
Mike The Pike Productions is an entertainment company specializing in feature films, graphic novels and media acquisitions. Overall, MIKP projects are ‘Mainstream Independent’, combining a well-structured vision with top-tier talent; challenging current standards while maintaining mass appeal. Mike The Pike Productions (MIKP) issued an update for shareholders in the company in a continued employment of actions toward increased shareholder value in line with company growth, including settlement of debt & liabilities, reduction of authorized and outstanding shares, finalization of feature films, sales and distribution of feature films, development of feature film and graphic novel properties.
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KALO – News Alert
Up 17.65% in morning trading to $.16 with 150K shares traded
Kallo, Inc., a medical information company, engages in the manufacturing and development of software that assists physicians and nurses to streamline patient information. Its software solution includes Electronic Medical Record software (EMR) and connectivity software that gathers medical information from various sources and deposits it into a single source as an electronic medical record for each patient. Kallo, Inc. (KALO) announced that the Government of Ghana has extended an invitation to Kallo to visit Accra , Ghana on the 23rd of July for final discussions for approval of distribution and operation of Kallo’s Mobile Care Clinics.
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STXS – News Alert
Up 16.95% in morning trading to $1.9999 with 260K shares traded
Stereotaxis is a healthcare technology and innovation leader in the development of robotic cardiology instrument navigation systems designed to enhance the treatment of arrhythmias and coronary disease, as well as information management solutions for the interventional lab. With over 100 patents for use in a hospital’s interventional surgical suite, Stereotaxis helps physicians around the world provide unsurpassed patient care with robotic precision and safety, improved lab efficiency and productivity, and enhanced collaboration of life-saving information. Stereotaxis’ core technologies are the Niobe® ES Remote Magnetic Navigation system, the Odyssey™ portfolio of lab optimization, networking and patient information management systems and the Vdrive™ Robotic Mechanical Navigation system and consumables. Stereotaxis, Inc. (STXS) yeseterday announced that at a Special Meeting of Stockholders, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to effect a reverse split of the Company’s common stock, $0.001 par value per share, and authorized the Company’s Board of Directors to determine the ratio (within a range of 1-for-4 to 1-for-10) and the effective date of the reverse stock split. The reverse stock split proposal was approved by a vote of, over 60% of the outstanding shares, and of the shares represented at the meeting, nearly 94% voted in favor of the proposal.
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