As Ted pointed out in the last comment thread, Parametric Sound Corporation finally announced a ticker last week. The stock will trade on the OTCBB as PAMT. So far the stock has fallen from a high of $.50 to $.30 on low volume, but not much here until the company can start showing some revenues.Meanwhile, former parent LRAD… Read More »
Parametric Sound, which was spun off by LRAD earlier this week, still has no ticker on any market as far as we can tell. LRAD, on the other hand, is up over 50% today on news that it had received a huge order from a foreign government. THe order will deliver $12.1 million in revenue in the first… Read More »
Image via Wikipedia In my last post I took a look at the ‘rumor mill’, but sometimes you just don’t seem them coming (even if they make sense). In mid-June this year, Sunoco Inc (SUN) announced its plans to spin-off SunCoke Energy in the first half of 2011. Sunoco is principally a petroleum refiner and marketer and chemicals… Read More »
Ealier, we wrote on the upcoming LRAD spinoff of Parametric Sound in LRAD to Spin Off Parametric Sound, The Company Nobody Wanted. Things have proceeded and the company will be distributing 1 share in Parametric Sound on September 27 for every 2 shares of LRAD owned on September 10. The new company will trade on the OTCBB and… Read More »
Image via Wikipedia LRAD Corporation (LRAD) recently announced its intention to spinoff most of its HSS Technology (HyperSonic Sound) related business into a new company called the Parametric Sound Corporation. The transaction is expected to be completed within the next three to four months. Post-spinoff, LRAD will continue making its Long Range Acoustic Device (for which the company… Read More »
Sun Healthcare Group Inc. (SUNH) recently announced their intention to split the company into two – a real estate operating company (Sabra Health Care REIT) and a nursing care/healthcare services company (Sun Healthcare Group). The transaction is expected to be completed in the fourth quarter of this year and the company plans to raise additional capital through an… Read More »
By the time United Technologies(UTX) offered to purchase Babcock & Wilcox for $42 per share in March 1977, the company’s storied history already extended over a century. Founded to manufacture and sell the water tube boiler invented by Stephen Wilcox, the company’s products powered the first New York City Subway, Teddy Roosevelt’s Great White Fleet and the company had been… Read More »
Image via Wikipedia Questar(STR) announced on April 21 that it is considering separating its unregulated exploration and production (E&P) business from its regulated utility business, creating two independent companies. According to that press release, Questar currently consists of six businesses: Questar Exploration and Production Company, a diversified natural gas and oil-exploration and production company; Questar Gas Management, a… Read More »