Turning Pennies into dollars: (OTCBB: ENEI), (OTCBB: ETLT), (OTCBB: CALVF).
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Ener1, Inc. (OTCBB: ENEI) down 1.1% on 467,000 shares traded.
Ener1, Inc. is leading the North American development and commercialization of advanced, high-performance safe lithium ion (Li-ion) batteries for hybrid electric vehicles (HEVs), Plug-in HEVs (PHEVs) and Electric Vehicles (EVs). On April 14th, the company announced that it had completed the application process for listing its common stock on the American Stock Exchange (AMEX). AMEX has advised Ener1 that it meets all of the listing requirements at this time, except for share price. Final approval by AMEX of the pending listing application is contingent upon the company being in compliance with all applicable listing standards on the date trading would begin on the Exchange.
For more info: http://etlt.realpennies.com
Eternal Technologies Group, Inc. (OTCBB: ETLT) up 1.2% on 488,000 shares traded.
Eternal is a major agricultural genetics and biopharmaceutical R&D firm operating in China with the support of the Chinese Government. On April 14th, the company announced that its subsidiary company, E-sea Bio-medical Engineering Co. International Ltd. (E-sea), has begun the commercialization of its new video media technology by signing a contract for the sale of its new video media devices to China Southern Airlines. The company hopes to sell significant additional devices in China throughout the year.
For more info: http://calvf.realpennies.com
Caledonia Mining Corporation (OTCBB: CALVF) up 3.5% on 546,000 shares traded.
Caledonia is an African focused mining company with an exciting cobalt development project in Zambia, a gold mine in Zimbabwe and a platinum-nickel exploration project in South Africa. On April 14th, the company announced that its Board of Directors has adopted a Shareholder Rights Plan (the "Rights Plan") effective immediately. The Rights Plan is subject to the approval of the Toronto Stock Exchange and must be ratified by shareholders at the Special and Annual General Meeting to be held on May 16, 2008, failing which it will cease to have effect. Subsequent to ratification by Caledonia shareholders, the Rights Plan will thereafter be in effect for an initial term of three years and is subject to reconfirmation by shareholders at the third annual meeting held after each confirmation.
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