NEW YORK / ACCESSWIRE / May 29, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Facebook Inc, LiveDeal, Green Automotive Company, NewLead Holdings Ltd.
Facebook Inc (NASDAQ:FB)’s shares jumped 0.54% to $63.85 in the pre-market hour. Facebook is seeking European Union antitrust approval for its plan to buy WhatsApp, according to a person familiar with the company's plans on May 28. Facebook requested the European Commission scrutinize the antitrust aspects of the $19 billion deal, said the person who asked not to be identified because the process isn't public. If a company faces a merger review in three EU countries, it can ask the Brussels-based commission to handle the case.
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NewLead Holdings Ltd (NASDAQ:NEWL)’s shares declined 4.13% to $2.32 in the pre-market hour. The company on May 19 announced that the "Newlead Albion", a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014. The Newlead Albion is one of the two eco-type vessels that the Company agreed to acquire in March 2014, as previously announced, for a total acquisition price of $37.0 million, $18.5 million each. At Present, the market value of these vessels is estimated to be approximately $20.25 million each. The second vessel is expected to be delivered to NewLead's fleet, as scheduled, in July 2014.
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Additionally, the company on May 15 announced that a 1-for-50 reverse stock split of its common shares has been approved by the Company's Board of Directors and by written consent of a majority of NewLead's shareholders, in order for the Company to maintain its compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Global Select Market ("NASDAQ"). The reverse split will be effective upon the commencement of trading today, on May 15, 2014.
Green Automotive Company (OTCMKTS:GACR)’s shares is trading at $0.02. The company on May 28 announces that its European based subsidiary, Liberty Electric Cars, has successfully completed the build of the first fully functioning example of “DELIVER” - an electric delivery vehicle funded by the European Commissions’ 7th Framework Programme which brings together ten partner companies from across Europe. DELIVER will have its world Premiere at FISITA World Automotive Congress, which starts on 2nd June 2014 in Maastricht (NL).
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Additionally, the company on May 21 announced financial results for its fiscal 2014 first quarter, ended March 31, 2014. The company posted strong quarterly revenue of $1.235m, up from $218K reported for Q1 2013. This major increase is largely attributable to strong growth in sales at our Newport Coachworks business.
LiveDeal, Inc. (NASDAQ:LIVE)’s stock dropped 6.31% to $4.75 in the pre-market hour. The company on May 29 announced that it has reached a significant milestone on the Company’s mobile platform with 10,000 restaurant deals available at over 8,000 dining locations in 35 major US cities.
Additionally, the company on May 28 just landed an incredible opportunity to gain worldwide recognition in the global financial markets when it became one of the newly named companies added to Morgan Stanley Capital International's (MSCI) exclusive Global Index. The company's addition to the list will be effective by close of market on Friday, May 30, 2014. In a rebalancing of MSCI's global indices, LiveDeal is being added to the MSCI US Micro Cap Index, and with it, investors should see greater liquidity, and price appreciation.
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SOURCE: Market Buzz Report