Orlando, FL -- (SBWIRE) -- 08/22/2013 -- 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 Medora Corp (OTCMKTS:XUII), Patriot Coal Corporation (OTCMKTS:PCXCQ).
Medora Corp(OTCMKTS:XUII), known for developing proprietary technology capable of broadcasting live concerts and events in True HD, declared that it had garnered a place on FINRA's Daily List today and that FINRA has confirmed receipt of the necessary documentation to announce that the corporate action filed by the Company will become effective. The amazing technology has the ability to be streamed wirelessly from more than one camera at a much lower production cost than the methods currently in use.
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The company filed the necessary Articles of Merger with the Nevada Secretary of State and has requested and received a new CUSIP number reflecting its corporate name, Xumanii International Holdings Corp and the new CUSIP number is 98420C 109.
Patriot Coal Corporation(OTCMKTS:PCXCQ) has managed to secure approval of its request to enter a five-year contract with the United Mine Workers of America. Judge Kathy Surratt-States gave the green-light, thereby showing the path of exit from bankruptcy in 2013. The agreement calls for fewer concessions than one Surratt-States authorized in May. The union retaliated with threats of a strike and appealed her ruling too.
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The new agreement calls for wage changes including raises of 50 cents an hour every year from 2015 to 2018, and health-care benefits similar to those of nonunion employees. The company also got a go-ahead regarding its request to change its loan agreement to avoid a default. The company said that this was necessary because the rates of metallurgical coal had dropped sharply last year, which have cut into earnings forecasts and could cause the company to default on loans in 2013, unless the loan agreement was modified.
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