TREVOSE, Pa., Dec. 3 /PRNewswire-FirstCall/ — Pure Earth, Inc., (OTC Bulletin Board: PREA), today announced that it has raised $1.3 million of new equity. The Company issued 126,600 shares in Series C Convertible Preferred Stock with a majority purchased by its officers, managers, employees and third parties familiar with the companies historical background. The Series C Preferred has a value of $10 per share with a minimum investment of $5,000 or 500 shares with dividends of 10% for the first year and 15% per year thereafter compounded quarterly. Dividends are payable in cash or Series C Preferred Stock, however, the Company anticipates paying dividends with Series C Preferred Stock for the foreseeable future. Conversion rights of the holder allow for conversion to common stock at any time at $0.40 per share. Continue reading
TREVOSE, Pa., Dec. 3 /PRNewswire-FirstCall/ — Pure Earth, Inc., (OTC Bulletin Board: PREA), today announced that it has raised $1.3 million of new equity. The Company issued 126,600 shares in Series C Convertible Preferred Stock with a majority purchased by its officers, managers, employees and third parties familiar with the companies historical background. The Series C Preferred has a value of $10 per share with a minimum investment of $5,000 or 500 shares with dividends of 10% for the first year and 15% per year thereafter compounded quarterly. Dividends are payable in cash or Series C Preferred Stock, however, the Company anticipates paying dividends with Series C Preferred Stock for the foreseeable future. Conversion rights of the holder allow for conversion to common stock at any time at $0.40 per share. The Company has mandatory conversion rights at its option if the common stock trades above $1.00 for any 30 day period and the 30 day average daily trading volume is greater than 250,000 shares. The Company also has other convertible rights related to a Qualified Public Offering greater than $20 million or sale of the Company. (Refer to the Form 8-K filed December 3, 2009 for additional details relating to this equity raise.)
Nov. 11, 2009 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Pure Earth, Inc., (OTCBB:PREA), a leading provider of innovative, unique, and sustainable solutions to alternate energy and recovery services in the United States, is now available. The interview can be heard at http://smallcapvoice.com/blog/11-10-09-audio-interview-with-pure-earth-inc-otcbb-prea/.
Podcast: Download (Duration: 13:58 — 12.8MB) | Embed
Mark Alsentzer, President and CEO for Pure Earth, Inc. (OTCBB: PREA) talks about the management, achievements and goals for the company. Pure Earth, Inc. is a leading provider of innovative, unique, and sustainable solutions to alternate energy and recovery services in the United States.
Stocks rise on GE upgrade despite weak employment data
U.S. stocks rose on Friday as investors took heart after the government said monthly payroll losses slowed, even as unemployment rose above 10 percent.
General Electric Co shares jumped more than 5 percent after a brokerage upgrade, and helped lead the industrial sector higher.
The market had opened lower after data showed the unemployment rate topped the psychologically key 10 percent level and reached the highest point since April 1983.
Stocks surge higher on better jobs data
Stocks climbed in early trading Thursday after the market got encouraging news on jobs and consumer spending, two of the economy’s biggest trouble spots.
The Labor Department said the number of newly laid-off workers seeking unemployment benefits fell to 512,000 last week, the lowest level since January. Economists had expected 523,000 new claims.
Initial claims are considered a gauge of the pace of layoffs and an indication of employers’ willingness to hire new workers. The report offered investors fresh hope that the government’s monthly report on employment Friday may come in better than expected. Economists expect the unemployment rate to have risen to 9.9 percent in October.