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Earth Science Tech’s Shares Still Soaring on Study Showing Hemp’s Cancer-Fighting Potential

Thursday, 16 October 2014 08:00 AM

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Earth Science Tech Inc.’s (OTCQB: ETST) stock volume continued to soar Oct. 15 on results of a study released about the effects of hemp oil on animal breast cancer cells.

The Newark, Del.-based company that develops products from hemp extracts traded 86,593 shares yesterday, more than 10 times its 30-day average volume of 8,486 shares.

Results of the Study

Earth Science received an initial report from the Sponsored Research Agreement with the University of Central Oklahoma, a public institution of higher education, showing the effects of its Hemp Oil Enriched with CBD-Cannabidiol (provided by Earth Science Tech, Inc.) on animal breast cancer cells and on normal cells.

The results of this preliminary study indicate that with appropriate dose, in this case with its proprietary Hemp Oil Enriched with CBD-Cannabidiol dose, Hemp Oil Enriched with CBD-Cannabidiol can inhibit the proliferation of cancer cells more than that of normal cells. If Hemp Oil Enriched with CBD-Cannabidiol has the same effect in vivo, it may help with cancer patients. However, further experiments are needed to investigate the effects of Hemp Oil Enriched with CBD-Cannabidiol on different cells, particularly on immune cells.

ETST’s share value closed at $2.80, up 30 cents, or 12%, from the previous day‘s close of $2.50.

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Investview Inc.’s Stock and Share Value Soar On News of Recent Acquisition

Investview Inc.’s (OTCQB: INVU) stock volume and value enjoyed an uptick Oct. 16 as a result of its recent acquisition the Certus Wealth platform from CertusHoldings Inc.

The Red Bank, N.J.-based online newsletter company traded 2,625 shares yesterday, substantially higher than its 30-day average volume of 1,345 shares.

The acquisition of Certus Wealth platform will add an expected $300M to Assets Under Management currently managed by Investview. Additionally, the transaction will provide Investview with the ability to operate the Wealth Management Platform through its branch network throughout the Southeast.

INVU’s share value closed at $2.80, up 30 cents, or 12%, from the previous day‘s close of $2.50.

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Rand Worldwide’s Stock Volume Soars on News of Share Repurchasing Plans

Rand Worldwide Inc.'s (OTCBB: RWWI) stock value skyrocketed Oct. 15, with 95,000 shares changing hands, nearly 4 times its 30-day average volume of 27,794 shares.

Repurchasing Shares

The surge in volume is being fueled in part by the Framington, Mass.-based engineering company’s announcement that it is repurchasing up to 27,530,816 shares of its common stock at a purchase price of $1.20 per share.

The number of shares represents approximately 50.5% of the Rand Worldwide’s shares currently outstanding, or approximately 46% on a fully diluted basis.

Rand  expects to enter into a new credit facility in connection with the tender offer, which is expected to include a revolving credit facility of $10 million and a term loan of $25 million, with approximately $25 million expected to be used to repurchase shares together with cash on hand of approximately $9.5 million.

The company said it has received a commitment letter from the lending bank relating to the new credit facility, and the Company is currently negotiating the terms of the credit facility.

RWWI’s share value closed at $1.26, down 4 cents, or 3.08%, from the previous day‘s close of $1.30.

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Socket Mobile Inc.’s Stock Volume and Share Value Up

Socket Mobile Inc. (OTCQB: SCKT) experienced robust stock volume Oct. 15, with 23,316 shares changing hands, substantially more than its 30-day average volume of 18,252 shares.

Because the Newark, Calif.-based barcode scanner maker hasn’t been in the news lately and hasn’t issued a press release in a couple of years, it’s hard to say what’s behind the recent uptick in stock volume and share value.

But what we do know is that Socket Mobile makes and sells a family of barcode scanners specifically designed for use by businesses in mobile applications using smartphones and tablets running Apple (iOS), Google (Android) and Microsoft (Windows Mobile/Windows) operating systems to increase productivity and drive operational efficiencies in healthcare, hospitality, retail point of sale and other business mobility deployments.

We also know that its share value closed just 1 cent shy of its 52-week high yesterday and that its Web site construction indicates a company that has a lot of demand for its products.

SCKT’s share value closed at $2.72, up 16 cents, or 6.25%, from the previous day‘s close of $2.56.

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