Kolkata, West Bengal -- (SBWIRE) -- 09/23/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Frozen Food Gift Group Inc (OTCBB:FROZ), Growlife Inc (OTCBB:PHOT), Federal Home Loan Mortgage Corp(OTC:FMCC).
Frozen Food Gift Group Inc (OTCBB:FROZ) shares increased 14.29% and closed at $0.0008 in yesterday’s session. On July 17, 2013 Frozen Food Gift Group, Inc. ("Company") issued 10,250,000 shares of its Series B Convertible Preferred Stock ("Series B Preferred Stock") to Jonathan Irwin, its CEO, CFO and a director, and the same amount to Matthew Schissler, Chairman of its board of directors. The shares were issued to each of the receiving parties in exchange for each of the parties forgoing $90,000 of compensation from the Corporation that was unpaid and owed to each of the parties.
Should Investors Buy FROZ After Yesterday’s Jump? Find Out Here
Growlife Inc (OTCBB:PHOT) shares dropped 6.95% to $0.0442. The company on Sept. 16 announce that the Company will open its 7th hydroponic retail location in Santa Rosa, CA in October. GrowLife's latest retail location, which both supports and benefits from the Company's popular online superstores, will operate from a 3800 square foot space in a high traffic area of Santa Rosa, the second largest city in Northern California.
Additionally, the company on Sept. 12 announced that PHOT's online hydroponic superstore, Greners.com, has received record sales and transactional volume following the Department of Justice's announcement that it would respect states' rights as it pertains to marijuana policy with limited exception.
Additionally, the company on Sept. 9 announce that the company has been featured in the cannabis industry's leading publication, High Times. The November edition is on newsstands now.
How Should Investors Trade PHOT After The Recent Volatility? Get Free Trend Analysis Here
Federal Home Loan Mortgage Corp(OTC:FMCC) shares climbed 7.50% and closed at $1.29. The company on Sept. 19 announced that it auctioned a $500 million reopening of its .875% three-year USD Reference Notes® security that matures on October 14, 2016. The stop yield for the issue, CUSIP 3137EADS5, was .825%, priced at 100.150746, or approximately 14.6 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 6.50 to 1.
Moreover, the company on Sept. 18 released its U.S. Economic and Housing Market Outlook for September showing that residential property values remain consistent with fundamental economic forces in the housing market with the rate of appreciation in the multifamily space moderating over the past year.
Should Investors Buy FMCC After Yesterday’s Jump? Find Out Here
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