The tremendous uptick in the Ft. Wayne, Ind.-based energy company’s stock volume is being triggered in part by its CEO Brian Kistler announcement that he has submitted the documentation to have 1 billion common shares exchanged for 10,000 Preferred Series D shares.
As promised, the action has been commenced to reduce the current Issued and Outstanding common share count by 1 billion shares. The information on OTC Markets will reflect this action once it has been completed with the Transfer Agent. This brings the company’s total common share reduction to 2 billion shares. Once completed Mr. Kistler will own 3,317,763 common shares, 2 preferred A shares, 18,000 preferred B shares and 80,770 Preferred D Shares.
Freedom Energy said it is also proud to announce the official launch of its new and updated website. Please submit all questions and comments via the website. Also implemented is a way for interested parties in becoming an ELAS partner to join a data base and all parties will be contacted at the appropriate time in the future
"Recent advances that we have made regarding the 'ELAS' project now has the company waiting on a decision from the Michigan DEQ. Our final report was submitted with a formal request that we be given a permanent exemption to recycle asphalt shingles," stated Kistler.
On Apr. 23, FDMF’s share price closed at 0.0008 cents, up 0.0002 cents, or 33.33 % from its closing price of 0.0006 cents the previous day.
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Toshiba Corp. Consummates Partnership with GLOBALFOUNDRIES
In other news, Toshiba Corp.’s (OTCPINK: TOSBF) stock volume also shot through the roof, with 361,530 shares changing hands, 72 times its three-month average volume of 4,968 shares.
The surge in volume comes on the heels of an Apr. 21 announcement made by GLOBALFOUNDRIES that confirmed Toshiba Corp. will join the company's GLOBALSOLUTIONS ecosystem of partners.
As a worldwide ASIC partner, Toshiba will enable its Fit Fast Structured Array (FFSA(TM)) and ASIC solutions based upon GLOBALFOUNDRIES' technologies and services for customers across the globe.
Includes Multi-Project Wafer
The agreement includes participation on multi-project wafer (MPW) runs and production wafers covering the whole portfolio of GLOBALFOUNDRIES technologies, including leading-edge process nodes.
Initially, the partnership will focus on implementations of Toshiba's FFSAs manufactured with GLOBALFOUNDRIES' 65nm and 40nm low-power process technologies, with 28nm arrays to follow. Toshiba's FFSA products--including libraries and intellectual property (IP)-allow customers to reduce development time and costs by customizing existing base wafers, choosing from a number of design platforms at GLOBALFOUNDRIES.
For higher-volume applications, customers can work with Toshiba's libraries to develop fully custom system-on-chips (SoCs). With an initial product completed, customers can then leverage the embedded FFSA technology to provide quick-turn derivative products, with much lower development costs.
"We are very pleased to join GLOBALSOLUTIONS Ecosystem as Worldwide ASIC Partner," said Tatsuo Noguchi, Vice President, Toshiba Corporation Semiconductor & Storage Products Company.
On Apr. 23, TOSBF’s share price closed at $4.12, down 5 cents, from its closing price of $4.17 the previous day.
FusionPharm Inc. To Ship Its Second Canadian Order
Meanwhile, Commerce City, Colo-based FusionPharm Inc. (OTCPINK: FSPM), a company that makes and sells cultivation containers for marijuana growers, recently announced it is set to ship its second Canadian order of 2014.
The initial order of approximately $270,000 worth of PharmPod containers is the first installment of an anticipated $2.3million, 12 month build-out of the Canadian facility.
"The Canadian market has become our largest customer base so far in 2014 and we are excited to build the PharmPod brand in Canada and elsewhere." FusionPharm CEO Scott Dittman said, in a written statement.
FusionPharm is currently exploring sales and distribution partnership opportunities in Canada and intends to open a sales center in Canada in 2014.
This comes only days after FusionPharm announced that it has leased space in Seattle's SoDo warehouse district in anticipation of opening its first Washington State design and sales center later this spring.
Its stock volume and share value have been on a downward trend as of late, but there is no news indicating why this is the case. In fact, the company has been churning out a spate of positive news releases since the beginning of the year.
Doubled Manufacturing Square Footage
On Feb. 13, FusionPharm announced it had more than doubled its Denver Colorado area manufacturing facility, adding 10,000 additional square feet of manufacturing space. That’s because the company said that management felt that its existing manufacturing space was inadequate to handle current and future order flow effectively. The new facility is adjacent to the company's existing facility.
The company added that additional manufacturing facilities are planned for the east and west coast of the United States in 2014.
$1-Million Cash Infusion
Then on Feb 25, FusionPharm announced that it has completed a $1million round of equity funding. It said that management intended to use the funds to complete outfitting of its recently expanded manufacturing facilities, provide for construction of new sales centers in key markets and to provide operations funding for acquisition of key personnel.
On Apr. 23, FSPM’s share price closed at $2.60, down 35 cents from its closing price of $2.95 the previous day.
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