BFC Financial Corp.’s (OTCQB: BFCF) share volume skyrocketed on May 2nd, with 356,914 shares exchanging hands, significantly higher than its three month average volume of 156,064 shares per day.
This recent uptick in volume comes after a special meeting of shareholders was held to vote for the proposed merger of BBX Capital Corporation with and into a wholly owned subsidiary of BFC Financial Corp.
BFC (BFCF) is a holding company whose principal holdings include a 52% ownership interest in BBX Capital Corporation (BBX) and a 54% indirect interest in Bluegreen Corporation. As of December 31, 2013, BFC had total consolidated assets of approximately $1.4 billion, shareholders' equity attributable to BFC of approximately $239.4 million, and total consolidated equity of approximately $422.4 million.
BFCF closed May 2nd at $3.62, four cents higher than its previous close of $3.58.
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Union Equity Inc.’s (OTCPINK: UNQT) share volume surged on May 2nd with 776,016,884 shares exchanging hands, five times higher than its three month average of 143,322,609 shares per day.
This increase in volume comes with the news that UNQT is actively looking to acquire a company in the medical marijuana industry in states such as Colorado and California. The Company has more research to do and the management team of Union Equity Inc. needs to determine if this idea is a good fit as a potential investment for the company.
UNQT closed at $.0008 on May 2nd, up $.0001 (14.29%) from its previous close.
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Solanbridge Group, Inc.’s (OTCPINK: SLNX) share volume roared upwards with 64,702,028 shares exchanging hands, nearly double its three month average of 35,763,232 shares per day.
This upturn in volume comes after the Company announced it has cancelled and retired 500 million common stock shares of SLNX; those shares have be returned to the Company’s Treasury.
SLNX also announced their long-term goal of reducing the number of common stock shares by another 1 billion common stock shares over the next two months. Based upon the Company’s share structure announced in the Company’s Annual Report, after total common stock share retirement, the Company will have a total number of issued and outstanding shares of approximately 949 million shares. The total number of shares to be retired will not be removed from the float, but will come from the holdings of the Company’s CEO, Mr. David M. Green. Mr. Green will continue to run the operations of the restaurant.
SLNX closed at $.0085 on May 2nd, up $.0008 (10.39%) from its previous close of $.0077.
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Eco Building Products Inc.’s (OTCPINK: ECOB) share volume soared on May 2nd, with 158,586,638 shares changing hands, more than double the three month average of 63,152,726 shares per day.
This uptick in volume comes after ECOB announced the Wells Eason development in West Lancaster, California is now ready to proceed with construction of two more model homes for the Desert Crest Project located in West Lancaster, CA. The project is currently underway with concrete ready for framing material that ECOB will deliver on Monday May 5th, 2014 with forty-one (41) additional production units to follow depending on current sales.
Eco Building Products, Inc. is a manufacturer of treated wood products that are protected against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects, and termites.
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