Aug 27, 2010 10:04 AM PDT
Blink Logic Inc. (BLKL.OB 0.08 +162.3%), a developer and marketer of a Web-based software solution that allows users to create customized views of their own data, is watching it stock gain more than 160 percent today on what could possibly end up being the highest volume session ever for BLKL.
The big move is merited. Blink Logic announced on Friday that their 'software as a service' product now includes a Microsoft Excel plugin, which opens the door to an enormous user market. Blink Logic followed that news up with today's press release that the company was featured in 'software as a service' research study.
Both announcements have increased-revenue implications - the Microsoft Excel plugin in particular.
Seaway Valley Capital Corp. (SWVL.OB 0.0007 +75.0%), a venture capital and investment company, is seeing its shares trade 75 percent higher today on what will be its highest volume day ever.
There is no directly-attributable news driving the stock upward today. However, a press release from last week is the likely culprit. One of Seaway's subsidiaries - Patrick Hackett Hardware Company - was expecting to pay off a bank loan this week thanks to some help from the parent company. The stock's gain may be an anticipatory move of the official announcement regarding the loan.
The Seaway/Hackett partnership has been fruitful to date. The retailer, with the help and backing of Seaway, has negotiated a 'pay at scan' (consignment) receipt of $1.3 million worth of merchandise.
Moller International Inc. (MLER.OB 0.28 +55.5%), a designer and manufacturer of vertical take-off and landing (VTOL) aircraft, has watched its shares rise as much as 33 percent today despite there being no official company announcement or press release. There was a prompt, however.
Moller's CEO, in a letter to shareholders simply dated 'July 2009', stated the company was preparing to produce engines for its flying car design. Though no details of orders or revenue were provided directly, the implication was that the company's partner - Freedom Motors - has received letters of intent that would lead to the sale of more than $1 billion worth of the company's Rotapower engines.
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