Star Scientific (CIGX) Surges Following Director Appointment, FY10 Annual Filing
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Star Scientific (Nasdaq: CIGX) shares have seen buying today following the announcement of appointing Richard Sharp, former Circuit City CEO, to their Board of Directors.
The company also announced the filing of their annual report for 2010. Sales for the year were $850,000, compared to $710,000 in FY09. Net loss was $28.3 million, versus $22.8 million in 2009. The FY10 net loss included an $8 million compensation charge for option grants to a group of employees, directors and a consultant in April, 2010.
Shares, which opened 4.8% stronger, are now 13.8% better on the day.
The company also announced the filing of their annual report for 2010. Sales for the year were $850,000, compared to $710,000 in FY09. Net loss was $28.3 million, versus $22.8 million in 2009. The FY10 net loss included an $8 million compensation charge for option grants to a group of employees, directors and a consultant in April, 2010.
Shares, which opened 4.8% stronger, are now 13.8% better on the day.
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