Orlando, FL -- (SBWIRE) -- 09/12/2013 -- 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 BlackBerry Ltd(NASDAQ:BBRY), Medical Marijuana Inc(OTCMKTS:MJNA).
BlackBerry Ltd(NASDAQ:BBRY) is trying to lobby Canadian government over any foreign-takeover issues amidst concerns of investors that a domestic buyout of the firm would not be possible.
The firm would be meeting lawmakers for discussing the Investment Canada Act, that sets rules for foreign acquisitions of domestic firms.
This ensures that the government reviews takeover bid of over C$344 million ($332 million). The push comes due to certain speculations that Toronto’s Fairfax Financial Holdings Ltd, The firm’s largest shareholder, faces odds for a domestic bid.
Fairfax is in talks with Canadian pension fund managers for supporting a deal but has not met with much success. In fact, many investors doubt that Fairfax’s attempts would yield any results.
BlackBerry has been losing share steadily to Apple as well as Samsung over the last few years and the company announced plans to form a special board committee for exploring sale of the company.
Providing leeway to foreign buyers would facilalte acquisition by foreign buyers such as Microsoft and Lenovo.
The government officials are aware that the firm is the biggest in terms of spending on R&D in Canada as well as a major Employer. The firm however would have to prove that business would be better in foreign hands, addressing concerns pertaining to security in US and Canada.
Are investors worried about the recent updates with BBRY? Find out with a free trend analysis HERE
Medical Marijuana Inc(OTCMKTS:MJNA) with surge in prices due to some or the other news.
The firm has strengthened the go-to-market efforts through establishment of HempMedsPX, selling both to wellness centers as well as individuals.
Even though though the firm announced changes just over a month back, the strategy was thought over much before.
Marijuana has already relocated to bigger headquarters for accommodating increased sales staff.
HempMedsPX had secured non-exclusive distribution rights products of CannaVest until 2016.
Is MJNA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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