Sterne Agee
DOYLESTOWN, PA -- (MARKET WIRE) -- 11/20/09 -- Accredited Business Consolidators Corp., trading as Italian Oven, Inc. (PINKSHEETS: IOVE) today issued the following response to certain shareholder inquiries and extends its share issuance moratorium until June 30, 2009. Management's policy regarding the issuance of shares is that, until the Company's subsidiaries are fully operational and reporting, it does not plan to sell shares of IOVE. For this reason, IOVE entered into a share issuance moratorium that prohibits management from approving any new shares. In addition, IOVE reduced its authorized common stock to 450,000,000 despite having 436,399,500 shares issued and outstanding. At a meeting on November 18, 2009, IOVE extended the share issuance moratorium until June 30, 2009. Of the 436,399,500 shares of IOVE, only 328,018,200 shares are in the public float on hand with the Depositary Trust Corporation. The remaining shares are on file with the transfer agent, and 70,546,600 are restricted. These numbers did not change. As IOVE issued no shares ...
Despite sharply lower broader markets today (Dow has fallen more than 150, but is now down ...
Sterne Agee upgrades TrustCo Bank Corp NY (Nasdaq: TRST) from ...
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6595326
GULFPORT, Miss., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Hancock Holding Company's recent public offering of common stock (Nasdaq: HBHC), which raised approximately $175.5 million in gross proceeds for general corporate purposes and potential growth, was the lowest discount-to-last-sale of any public bank equity raise in the country year to date. Additionally, the discount on Hancock's offering relative to the price of the stock prior to filing was only 2.7 percent in a year where the average discount has been more than 12 percent. Hancock executives stated that the unusually tight discount and high degree of interest in the offering indicates tremendous national market confidence in the strength and stability of 110-year-old Hancock Bank and the four-state region the company serves. "We are very pleased with the overwhelming interest and the results this offering generated. This ranking comes despite headlines about the challenges large national banks face. For 110 years, Hancock Bank ...
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