Orlando, FL -- (SBWIRE) -- 08/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On AMR Corporation(PINK:AAMRQ), Medical Marijuana Inc (PINK:MJNA).
AMR Corporation(PINK:AAMRQ) shares increased 11.15% to $3.39. A U.S. bankruptcy judge on August 29 hinted he would approve AMR Corp's (AAMRQ.PK) bankruptcy exit plan despite the government's challenge to its main component: AMR's planned megamerger with US Airways Group Inc (LCC). At a hearing at U.S. Bankruptcy Court in Manhattan, Judge Sean Lane held off on confirming the plan for American Airlines' bankrupt parent, but said he found "arguments in favor of confirmation to be fairly persuasive."
Additionally, the company on August 12 reported July 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation. July's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.0 percent versus last year, to an all-time record high for any month of 14.61 cents/ASM. Consolidated capacity and traffic were 2.6 percent and 2.5 percent higher year-over-year, respectively, resulting in a consolidated load factor of 86.9 percent, 0.1 points lower versus the same period last year.
Are investors worried about the recent updates with AAMRQ? Find out with a free trend analysis HERE
Medical Marijuana Inc (PINK:MJNA) shares surged 49.92% and closed at $0.195. The company on August 29 inform shareholders and the general public that HempMedsPX--a corporate portfolio company of Medical Marijuana Inc. and the exclusive master distributor and contracted marketing company for CannaVest Corp. and Medical Marijuana Inc.--will be exhibiting at the New York Wholesale Expo at the Javits Center in New York City from September 8-9, 2013.
Additionally, the company on August 21 announce to shareholders and the general public that The Depository Trust Company (DTC) has determined, effective immediately, to lift the deposit transaction restriction ("chill") and has resumed accepting deposits.
Moreover, CanChew Biotechnologies, a joint venture company with Medical Marijuana Inc. (OTC Pink:MJNA), on August 22 announce that they have signed an exclusive distributorship agreement with ARITEX AG, a Switzerland-based distributor for nutraceutical products in Russia and the Commonwealth of Independent States (CIS).
Is MJNA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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