Alkame Holdings, Inc. (OTCQB: ALKM), the Las Vegas-based wholly owned subsidiary of Alkame Water Inc., experienced flat share volume Sept. 22, with 3 million shares changing hands, compared to its 30-day average volume of 3.5 million shares.
New Brokerage Agreements
This comes at a time when Alkame has been experiencing significant growth. On Sept. 8, the company announced that it had entered into a sales brokerage agreement with Kismet Natural Foods Brokerage, a grocery marketing company with coverage throughout the state of Hawaii.
Under terms of the agreement, Hawaiian Isles Unlimited LLC (dba Kismet Natural Foods Brokerage) will now act as the exclusive natural products Sales Broker for all Alkame Water products throughout the state of Hawaii.
Established since 1990, Kismet Natural Foods Brokerage is an independent regional broker and marketing company of natural, organic, and grocery products. Kismet is headquartered on the island of Maui and has sales representatives on each of the main Hawaiian Islands of Oahu, Maui, Hawaii (Big Island), and Kauai.
At the end of August, Alkame also announced it had entered into an agreement with Gulf Coast Naturals Inc., an independent regional broker of natural products and dietary supplements.
Under terms of that Regional Broker Agreement, Gulf Coast Naturals will act as the exclusive independent Sales Broker for all current and future Alkame Water products for the states of Florida, South Carolina, North Carolina, Alabama, Tennessee, and Mississippi.
On Sept 22, ALKM shares closed at 35 cents, up 3 cents from its closing price the previous day of 32 cents.
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Sino Agro Food's Stock Volume Soars
Sino Agro Food Inc.'s (OTCQB: SIAF) share value soared, with 1.2 million shares changing hands, about two times its 30-day average volume of 623,446.
The uptick comes on the heels of the Mainland China-based organic food company's announcement that it has closed a net $24,975,000 convertible note funding with Euro China Capital AB ("ECAB"), a Nordic investment house.
The convertible note carries an interest rate of 10.5% p.a. fixed, a term of 5½ years, and a conversion price of $1.00. The principal amount of the note is $33.3 million.
The note is junior to any existing or new debt and does not restrict the Company from adding any amount of new debt regardless of form, and neither does the note restrict the Company from any cash nor non-cash dividends to shareholders. The basis for any subsidiary spin-off is set out in detail in the agreement.
Sino Agro has covenanted and committed to discontinue the issuance of equity to its trade suppliers and similar except for those that had been agreed to prior to the signing of the convertible notes agreement. The company added that it will settle all remaining commitments of this kind during the third quarter, resulting in a total number of outstanding shares of 170m.
Proceeds of the note will be used to complete the company's existing 5-year plan. The Company will meet with Euro China Capital in Stockholm in September to agree on a plan on how to best create shareholder value.
On Sept 22, SIAF shares closed at 80 cents, up 6 cents, or 7.3% from its closing price the previous day of 74 cents.
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OriginOil Inc. Reports First Commercial Sale
OriginOil Inc.'s (OTCQB: OOIL) share volume skyrocketed Sept. 22, with more than 3 million shares changing hands, nearly 5 times its 30-day average volume of 648,358 shares.
The upsurge in volume is being triggered in part by the Los Angeles-based water filtration company's announcement that one of its dealers Delta, Colorado-based Industrial Systems Inc. had sold four of its industrial systems. This is the first commercial sale made by the company.
On Sept 22, OOIL shares closed at 20 cents, up 2 cents, or 9.89% from its closing price the previous day of 18 cents.
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Pershing Gold Corp. Continues to Expand Its High-Grade Gold Zones
Pershing Gold Corp.'s (OTCQB: PGLC) was one of the most actively traded stocks Sept. 22, with 1.5 million shares changing hands, more than 3 times its 30-day average volume of 495,948 shares.
Some analysts attribute this surge to the recent news that the Lakewood, Colo. gold producer continues to expand the high-grade gold zones discovered during the 2013 drilling program in the North Target Area of the Relief Canyon Mine in Pershing County, Nev.
However, they also point out that while such exploration could eventually yield the discovery of gold, the odds against it are great.
On Sept 22, PGLC shares closed at 30 cents, down 1 cent, or 2.58% from its closing price the previous day of 29 cents.
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