Notable Updates: Liquidmetal Technologies Inc, Twitter Inc, Cannabis Science, Green Automotive Company


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OTC:BB:LQMT / OTC:BB:CBIS / OTC:BB:GACR / NYSE:TWTR
06/04/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / June 04, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Liquidmetal Technologies Inc, Twitter Inc, Cannabis Science, Green Automotive Company .

Liquidmetal Technologies Inc (OTCBB:LQMT)’s shares gained 0.97% to $0.21. The company on May 28 announced that it had recently participated in a development project with Jet Propulsion Laboratory (JPL) to demonstrate the properties of amorphous alloys in mechanical devices that transfer or transform force, motion, or energy to another point through elastic deformation. Compliant mechanisms are advantageous since they provide benefit by reducing part count, simplifying manufacturing and reducing assembly time and cost.

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Additionally, the company on May 20 announced that it has signed an amended sublicense agreement with Visser Precision Cast LLC (VPC) that Liquidmetal believes will accelerate the adoption of amorphous metal technology to the benefit of both companies. Under the new agreement, Liquidmetal is freed from its commitment to use VPC as its exclusive contract manufacturer, and VPC is freed from its commitment to use Liquidmetal as its exclusive sales and R&D channel. In addition, the companies have agreed to dismiss their private arbitration and have settled and released all claims and disputes between them.

Cannabis Science, Inc. (OTCMKTS:CBIS)’s shares gained 1.33% to $0.11. The company on June 3 announce a historic marijuana vote from United States House of Representatives creating serious confidence as marijuana wins U.S. House Vote for First Time in History giving a surprisingly strong majority vote to end Federal actions against medical marijuana. Cannabis Science sees this government vote as a boost to business and investor confidence into the industry that respect the United States' rights to medical cannabis programs around the nation.

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Additionally, the company on June 2 announced that the first set of data from the preclinical development of proprietary cannabinoid-based product is expected this week. The product development for neurological disorders is one of the many applications the Company is developing under the patent filed last year.

Green Automotive Company (OTCMKTS:GACR)’s shares climbed 5.26% to $0.02. The company on May 28 announces that its European based subsidiary, Liberty Electric Cars, has successfully completed the build of the first fully functioning example of “DELIVER” - an electric delivery vehicle funded by the European Commissions’ 7th Framework Programme which brings together ten partner companies from across Europe. DELIVER will have its world Premiere at FISITA World Automotive Congress, which starts on 2nd June 2014 in Maastricht (NL).

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Twitter Inc (NYSE:TWTR)’s shares declined 1.60% to $32.06. The company’s senior vice president of engineering, Christopher Fry, is stepping down effective May 29. Fry will keep an advisory role at Twitter, the company said in a filing with Securities and Exchange commission. No reason was given for the move. 

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Additionally, Twitter’s stock was upgraded at Nomura on May 28 to Buy from Neutral based on valuation, reduced expectations, strength in ad demand, product enhancements and expectations incremental margins could be higher than expected. Price target is $43.

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SOURCE: Market Buzz Report  

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