Thursday, April 17, 2008

Turning Pennies into dollars: (OTCBB: LGDI), (OTCBB: NEOP), (OTCBB: SPNG).

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Legend International Holdings, Inc (OTCBB: LGDI) up 30.3% on 766,000 shares traded.

Legend International Holdings, Inc is a mining and agriculture resource development company. On April 16th, the company released the results of the phosphate rock preliminary scoping study on its phosphate projects in Queensland conducted by British Sulphur, a division of CRU International. British Sulphur have prepared initial project capital and operating costs assuming sale prices for phosphate of US$100 per tonne fob, US$200 per tonne fob, US$300 per tonne fob and US$400 per tonne fob. In March 2008, sales of Moroccan product at US$400 per tonne fob Morocco have been recorded.

For more info: http://neop.realpennies.com

Neoprobe Corporation (OTCBB: NEOP) up 18.1% on 939,000 shares traded.

Neoprobe is a biomedical company focused on enhancing patient care and improving patient outcome by meeting the critical intraoperative diagnostic information needs of physicians and therapeutic treatment needs of patients. On April 16th, the company announced that concurrent with the authorization by FDA to commence patient enrollment in a Phase 3 multi-center clinical study of Lymphoseek, the Company completed the second closing of $3 million in financing committed to by Platinum-Montaur Life Sciences LLC (Montaur) in December of last year. The closing with Montaur provides Neoprobe with funding to commence its Phase 3 clinical studies of Lymphoseek in patients with breast cancer or melanoma and head and neck squamous cell carcinoma.

For more info: http://spng.realpennies.com

SpongeTech(R) Delivery Systems, Inc. (OTCBB: SPNG) up 16.4% on 9.4 million shares traded.

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. On April 16th, the company announced their quarterly results. Revenues for the quarter ending on February 28, 2008, were $1,281,704 versus $12,585 for the corresponding period last year. Net income for the same period this year was $188,482, versus a loss of ($534,715) last year for the same period.

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