CRWEWallstreet.com Stock Report! 11/09/2009 EDR, CVAT, BMOD, CSRH, RPFG
Posted on 11/9/2009 2:11:13 PM in #Stocks | 0 comments comments
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Education Realty Trust, Inc., (NYSE:EDR) today announced it retired $98 million of secured first mortgage debt that was due to mature on December 6, 2009. The debt was secured by nine properties acquired as part of the 2006 Place portfolio transaction and was retired by utilizing approximately $76 million of existing cash and by drawing on its corporate credit facility.
Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT) has announced that it has filed PCT patent applications for new International Patent protections for its Nano Cavitation Technologies.
Website: http://www.cavitationtechnologies.com
Biomoda, Inc. (OTCBB: BMOD) President John Cousins called upon governors in all 50 states to proclaim November "Lung Cancer Awareness Month" on behalf of veterans and their families and pledged to continue the company's focus on veterans in the research, development and commercialization of diagnostic technology for detection of early-stage lung cancer.
Consorteum Holdings, Inc. (OTCBB: CSRH) announced that it has launched its mobile check cashing program. The introduction of this service will offer those that are currently using check cashing facilities a much more convenient way to cash their payroll checks. After two years of development with its partners, Consorteum has now proceeded to the pilot phase of its check cashing program in the Toronto, Ontario region. The first stage of the pilot implementation will be the deployment of this new service on several trucks. The drivers will be able to offer their clients the convenience of real-time check cashing services and load customer funds directly onto a personalized prepaid Credit Card right at the mobile truck’s location.
Website: http://www.consorteum.com
Rainier Pacific Financial Group, Inc. (the "Company") (NASDAQ: RPFG), the holding company for Rainier Pacific Bank (the "Bank"), announced today its third quarter results for the period ended September 30, 2009. The Company recognized a net loss of $35.0 million, or $5.82 per basic and diluted share, for the quarter ended September 30, 2009, compared to a net loss of $3.0 million, or $0.49 per basic and diluted share, for the same period in 2008. The loss for the third quarter of 2009 was primarily attributable to non-cash pre-tax other-than-temporary impairment ("OTTI") charges of $22.1 million relating to the Company's investment in pooled trust preferred collateralized debt obligation ("trust preferred CDO") securities, a $5.7 million provision for loan losses, and a $16.7 million charge against earnings to establish a valuation allowance for deferred tax assets.
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