BizAuctions, Inc. (OTCPINK: BZCN) saw its share volume skyrocket on June 16th with 3,265,828 shares exchanging hands, 17 times higher than its three month daily average volume of 189,779 shares.
This recent surge in volume comes after BizAuctions released its financial statements for the calendar year-end of December 31, 2013, and the first quarter of this calendar year, March 31, 2014 on the OTC-Pink Sheet Markets for its shareholders and investment community at large.
Delmar Janovec, BizAuctions' CEO, comments, "The Company has engaged an attorney to review its financial statements and disclosures to render an Attorney Letter to the OTC Markets that the Company has provided Adequate Current Information, pursuant to the guidelines as required by OTC Markets, and to bring its Limited Status to a Current Status on the OTC Marketplace.
We are re-defining our business model while continuing to move the Company ahead within our industry sector and are exploring numerous business opportunities that exist both within and outside of our industry sectors. The goal is to identify where these new business opportunities exist and in doing so may seek outside assistance from accredited consultants that have the credentials to assist in determining the best possible business opportunity which will maximize our efforts and deliver the highest return for our shareholders. We will keep you updated as to our progress in this business endeavor."
BZCN closed the day at $.106, 55.65% higher than its previous close of $.0681.
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Amazonas FLorestal Delivers Railroad Ties To Trackwork Ltd.
Amazonas Florestal Ltd. (OTCPINK: AZFL) saw its share volume explode on June 16th with 59,921,861 shares exchanging hands, 243 times higher than its three month daily average volume of 244,066 shares.
This huge spike in share volume comes after Amazonas Florestal, a diversified forest management company generating profit through innovative, sustainable forest management, announced that it recently delivered 185,787m3 of piquia sleepers (railroad ties) for use in the fulfillment of a standing $2,650,000 purchase order for Trackwork Ltd., the largest contractor for railway supply in the United Kingdom.
"This is a critical step for us in demonstrating large-volume shipments for our longest-standing and largest partner, Trackwork, who has reconfirmed its commitment to fund the rest of the order as quickly as we can produce," said Amazonas CEO Michael Ibar. "We're already working toward this production, but we don't take for granted that this fulfillment marks a significant step in our long-term growth plan, as sleepers, which are a high-yield product abundant in our properties, significantly boost our revenues."
AZFL closed the day at $.0045 on June 16th, 65.12% lower than its previous close of $.0129.
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Network-1 Technologies Sees Share Volume Remain Strong
Network-1 Technologies, Inc. (OTCQB: NTIP) saw its share volume continue its upward trend on June 16th with 306,610 shares exchanging hands, more than triple its three month daily average volume of 88,657 shares.
With no recent news on Newtork-1 Technologies, one could only speculate why this uptick in volume continues, but here is what is known about the company:
Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. It currently owns twenty-one (21) patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems and the identification of media content. Network-1's strategy is to focus on acquiring and developing high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent. Network-1's Remote Power Patent has generated licensing revenue in excess of $60 million. Network-1 currently has sixteen (16) license agreements with respect to its Remote Power Patent, which include, among others, license agreements with Cisco Systems, Inc., Cisco Linksys, Inc., Extreme Networks, Inc., Netgear Inc., Motorola Solutions, Inc., Allied Telesis, Inc., NEC Corporation and several other data networking vendors. The Remote Power Patent covers the remote delivery of power over Ethernet networks. The Remote Power Patent was granted by the U.S. Office of Patents and Trademarks on April 21, 2001 and expires on March 11, 2020.
NTIP closed the day at $1.94, 1.57% higher than its previous close of $1.91.
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