Chuck Mikolajczak, Reuters
Wall Street drops as earnings, Spain’s debt spark fears
(Reuters) – Stocks slid more than 1 percent on Tuesday as poor earnings from major multinationals confirmed fears about the slowing global economy and Moody’s downgraded credit ratings for regions in Spain.
A number of the disappointing results including Dupont and United Technologies came from companies with operations across the globe and in many industries. The weak earnings and dwindling revenues have led to cost-cutting that will add to lost jobs in order to protect profits.
“The writing has been on the wall for a while,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
Yesterday’s Top Performing Small Cap Stock:
American Seniors Association (Pink Sheets: AMSA)
American Seniors Association was a SmallCapVoice top performer closing up over 11% on trading volume of 3,800 shares.
American Seniors Association Announces Formation of Non-Profit Organization to Give Seniors a Voice in Public Policy
ALPHARETTA, GA-(Marketwire – Oct 22, 2012) – American Seniors Association Holding Group, Inc. (PINKSHEETS: AMSA) (“ASA’) announced today that they have formed American Seniors Advocates, a Virginia based 501 (c)(4) non-profit organization that will be the National public policy and media voice for ASA Members and our nation’s seniors.
American Seniors Advocates is created for the purpose of giving ASA and its membership a national voice in the development of public policy on the issues of Social Security, Medicare and tax reform.
Medical Marijuana Inc. (Pink Sheets: MJNA)
Medical Marijuana Inc. was a SmallCapVoice top performer closing up over 4% on trading volume of 10,412,349 shares.
Medical Marijuana Inc. Dixie Elixirs and Edibles Brand Lands October 22 Front Page Cover Story of Newsweek
Also Recaps 60 Minutes “Rocky Mountain High’ Segment that Aired October 21
SAN DIEGO, Oct. 22, 2012 /PRNewswire/ – Medical Marijuana Inc. (OTC: MJNA), a leading hemp industry innovator, is pleased to announce that its portfolio company, Red Dice Holdings, received national media attention for its Dixie Elixirs & Edibles brand on the 60 Minutes “Rocky Mountain High’ segment this past Sunday, October 21. Today, Dixie Elixirs and Edibles landed on the front-page of Newsweek in a story entitled, “The New Pot Barons.’ 60 Minutes, the most successful television broadcast in U.S. history, draws an average of over 13 million viewers a week. Newsweek circulates internationally to over 10 million readers through its print and online subscriptions.
Today’s SmallCapVoice.com Hot Stock to Watch:
PositiveID Corporation (Pink Sheets: PSID)
PositiveID Corporation Provides Third Quarter 2012 Update
Company Continues Discussions With Several Potential Strategic Partners to Position Itself for the BioWatch Generation 3, Phase II, First Stage Which is Planned to Begin Later This Year With the Release of a Draft Request for Proposal
DELRAY BEACH, Fla., Oct. 22, 2012 (GLOBE NEWSWIRE) — PositiveID Corporation (“PositiveID” or “Company”) (OTCBB:PSID), an emerging growth company and developer of airborne bio-threat detection systems for America’s homeland defense industry as well as advanced technologies for diabetes management and rapid medical testing, today provided a third quarter 2012 business update to its stockholders. The Company continues to focus on the BioWatch Generation 3, Phase II procurement. In September, the Department of Homeland Security (“DHS”) announced a revised procurement strategy for BioWatch Generation 3, Phase II, which will consist of a two-stage procurement including two to three years of testing estimated at $89 million. A draft request for proposal (“RFP”) for the first stage is scheduled to be released in the fourth quarter of calendar 2012.
SmallCapVoice.com Clients’ News:
Goldman Small Cap Research Issues Research Report on Fairmont Resources Inc.
BALTIMORE, Oct. 22, 2012 (GLOBE NEWSWIRE) — Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has issued research coverage of Fairmont Resources Inc. (TSX-V:FMR) (OTCPK:FRSSF), an aggressive explorer focused on the development of strategic properties in the Thunder Bay region of Ontario.
Fairmont Resources’ key projects, Marmion South Contact, Powell-Clay, and Houghton Creek properties are all located in the mining friendly jurisdiction of Ontario, which have a history of not only past production but recent discovery. One of these properties, Marmion South Contact, is contiguous with Osisko’s well-known Hammond Reef gold deposit which contains an 43-101 compliant inferred resource of 10.52 million ounces of gold at 0.62 g/t. The Hammond Reef project has been one of the largest drilling/exploration projects in North America in the last couple of years.
Other Small Cap News
EKO International Corp. (Pink Sheets: EKNL)
A New Audio Interview With Dr. Paul Ziemer a Director for EKO International Corp. and President of NeuroVasc Clinical Inc., is Now at SmallCapVoice.com
AUSTIN, Texas, Oct. 23, 2012 (GLOBE NEWSWIRE) — SmallCapVoice.com, Inc. announced today that a new audio interview with EKO International Corp. (EKO) (Pink Sheets:EKNL) is now available. The interview can be heard at http://smallcapvoice.com/blog/10-19-12-smallcapvoice-interview-with-eko-international-corp
Dr. Paul Ziemer, a Director for EKO International Corp. and President of NeuroVasc Clinical Inc., called into SmallCapVoice.com to go over the business model, market, the recent news for company and much more. The interview also includes the major milestones achieved by the company so far this year and the goals for the remainder of 2012.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
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SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications.
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