Orlando, FL -- (SBWIRE) -- 10/25/2013 -- 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 DryShips Inc. (NASDAQ:DRYS), Cereplast Inc(OTCMKTS:CERP).
DryShips Inc. (NASDAQ:DRYS) shares decreased 2.57% to $2.84. The company announced that it has entered into an Equity Offering Sales Agreement, dated Oct. 4, 2013, with Evercore Group L.L.C., for the offer and sale of up to $200.0 million of common shares of DRYS. In accordance with the terms of the sales agreement, the Company may offer and sell its common shares at any time and from time to time through Evercore as its sales agent. Sales of the common shares, if any, will be made by means of ordinary brokers' transactions on The Nasdaq Global Select Market or otherwise at market prices prevailing at the time of sale, at prices related to the prevailing market prices, or at negotiated prices.
Are investors worried about the recent updates with DRYS? Find out with a free trend analysis HERE
Cereplast Inc(OTCMKTS:CERP) shares fell 2.16% and closed at $0.0136. The company on Oct. 22 provided a shareholder update on the market development in North America. The Company is focused on driving North America sales and expanding its intellectual property portfolio to address the demands for technologically advanced bioplastic resins while securing the Company's competitive advantage. Key market segments include compostable bioplastics and biobased bioplastics.
There are approximately 30 projects underway in North America with a potential volume of $10 million annually. Consumer products include a line of baby bicycle seats manufactured by MammaCangura by Bellelli, which are made from Cereplast Biopropylene(R) 101, a biobased bioplastic.
Is CERP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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