November 30, 2011
RepliCel Converts Class C Shares to Common Stock
 RepliCel Life Sciences Inc. (REPCF) announced on Thanksgiving that it would convert all 13 million shares of Class C stock into 2.6 million shares of common stock. These common shares are going to be subject to a timed release with 15 percent being released on the first day of each fiscal quarter beginning in January of 2013. All told, this will bring the total shares of common stock in RepliCel up to 43,150,006 shares. The company has been developing a safe and non-invasive cell-based hair regeneration treatment that’s effective for both men and women. The conversion of these shares at a 5:1 basis should make the share structure more appealing as the company seeks financing for the development of its Phase IIb clinical trials. Exciting Research Underway RepliCel began its first in-man, Phase I/IIa clinical trial in Georgia in December of 2010. (more)…
Can Google Music Compete?
 Wireless music appears to be the latest frontier being tackled by tech’s big names. Over the past several months Apple (AAPL) and Amazon (AMZN) have each launched their contribution to the field and Google (GOOG) is the latest company to throw its hat in the ring. The company unveiled Google Music during the middle of November, offering uploads of songs from three of the four top music companies. Sony Music Entertainment (SNE), Vivendi SA’s Universal Music (VIV) and EMI Music have all established deals with Google so that members of the new cloud platform will be able to upload and access songs anywhere. The uploads, which cost $1, comparable to Apple’s iTunes song price of 99 cents, are integrated within Google’s social networking platform, allowing users to share the songs to friends for up to one free listen. The sales of (more)…
Pfizer Plans to Fight for Lipitor
 Pfizer (PFE) has been hot lately, up 22 percent since December of last year and only 5 percent off its 52-week high reached at the end of May. However, one could say that its about to have its profits Lipi-torn away from them. The patent on the popular cholesterol drug Lipitor expired today, allowing a flood of generic options to hit the market and potentially putting a major dent in Pfizer’s bottom line. Pfizer, though, is fighting back with efforts to keep Lipitor in the forefront even as serious competition emerges from a glut of new generic drugs. Pfizer Defending Lipitor Brand Pfizer has good reason to fight for Lipitor. It is the best selling drug in history, with sales peaking at $13 billion in 2006 and routinely provided Pfizer with $11 billion in annual sales, almost one-sixth of its (more)…
Equities Sector Coverage: Wall Street Soars As Fed Eases Pressure from Europe
 Stocks advanced as central banks around the world lowered rates on dollar swaps by 50 basis points. The Federal Reserve said that these actions were done to ease strain in the financial markets. Mortgage applications fell 11.7% in the week ending November 25th. The ADP employment report said that the private sector added 206,000 jobs in November. The Chicago PMI improved to 62.6 in November. On Thursday national manufacturing ISM should be 52.0 in November with Construction Spending up 0.1% in October. Then we have the drum-roll for November’s Employment Data with the economy creating 125,000 jobs with a 9.0% unemployment rate. The Dow Jones Industrial Average surged at the open to a morning high at 11,994.60. A rally into the close reached a high of 12045.04. A close today above 11,791 keeps the monthly chart neutral. The NASDAQ traded (more)…
Fed Steps in as Central Banks Worldwide Take Action
 Markets spiked today on news that the Central Banks of the United States, Canada, England, Japan, Europe, and Switzerland are taking a coordinated action to improve liquidity in global financial markets. Gains for the S&P 500, Dow Jones Industrial Average, and Nasdaq all gained close to 3.5 percent as optimism about an end to market turmoil fueled a buying spree. Cheaper Dollars Made Available The efforts by the Central Banks extends a pre-existing agreement from May of 2010 to make dollars available to Central Banks for loans, while slashing the borrowing rate by 0.6 percent. This coordinated action should make it easier for Central Banks everywhere to make short-term loans to commercial banks and each other, freeing up more liquidity around the globe, while also improving the availability of dollars to European banks. The move, seen largely as a reaction (more)…
Checking in on Facebook: Security Issues, Smartphone, IPO
 The federal government announced a broad settlement demanding Facebook to adhere to its user’s wishes concerning their privacy and regular audits for the next 20 years. Facebook, since its inception, has been the centerpiece of the argument regarding the internet and its role in diminishing privacy. The commission, according to NYTimes coverage, asserted that Facebook made its users’ information public without their awareness. For all the transparency that Facebook has added to the lives of its now 800 million global users, the company seems to have exposed little about itself and its methods. The media and users alike remain skeptical of Facebook’s privacy settings, from cookies that never turn off to the information it sells to its advertisers. Mark Zuckerberg, Facebook’s founder and chief executive, conceded to the fact that they have made a “bunch of mistakes” in a blog (more)…
General Cannabis Acquires Marijuana.com Domain
 General Cannabis Inc. (CANA) has sought to establish itself as a pioneer in the emerging sector of medicinal cannabis and the company’s decision to purchase the Marijuana.com domain name is its latest move in redefining the multi-billion dollar industry. Marijuana.com, prior to the purchase by WeedMaps Media Inc., a wholly owned subsidiary of General Cannabis, was primarily a bulletin board for marijuana news. Like its efforts in the broader medical marijuana sector though, General Cannabis will move the site into the future. WeedMaps Media intends to create entirely new website content for Marijuana.com and leverage the site’s 300,000 members onto its own pre-existing WeedMaps.com membership database. The goal, in the interest of advancement, would be to allow for one sign-on across the General Cannabis network. Beyond its efforts to streamline and grow its user base, WeedMaps Media will expand Marijuana.com’s (more)…
Major Banks Downgraded by S&P
 Standard and Poor’s Rating Services announced that it was downgrading the credit ratings for several of the country’s biggest banks. S&P dropped ratings for Bank of America (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), and Wells Fargo & Co. (WFC). New Criteria in Rating Banks All told, S&P changed their ratings for 37 financial institutions after changes made to its rating criteria. The changes were meant to reflect the increasing connectivity of the global economy, most likely a response to the European debt crisis and potential exposure of US banks involved there. The ratings downgrades for some of the biggest banks in America were hotly contested by the institutions. “We completely disagree with S&P’s change to Citigroup Inc.’s holding company long-term and short-term ratings,” said Jon Diat, a spokesman for Citigroup, in (more)…
Molycor Assembles Technical Advisory Committee
 Molycor Gold Corp. (MOR.TSXV), (MLYFF), (M1V.F), announced recently that it intends to create a Technical Advisory Committee to advise Molycor about issues involving Magnesium, Ferrosilicon, Mining, Production and business development. Molycor, which has recently made a strong foray into the Magnesium exploration and development field with the Tami-Mosi Magnesium Project in Nevada, has put together a team involving several highly qualified individuals with experience in the segment. Technical Advisory Committee Brings Expertise, Experience The first member of the new committee is Dr. Neale Neelameggham, a consultant on metal production and energy technology who is a partner/owner of Ind LLC. The newly retired Dr. Neelameggham brings over 40 years of experience in the magnesium industry with him and holds 13 registered patents in the magnesium field. He is a permanent member of the Magnesium Committee of the Light Metals Division of the Metallurgical (more)…
Full Court Press to Address Europe’s Problems
 Brooksie’s Daily Stock Market blog -an edge before the open Wednesday, November 30, 2011 9:11 am EST DJIA: 11,555.63 S&P 500: 1195.19 Monday’s rally is gaining legs, as finance ministers from the 17 countries using the euro are meeting this week to hash out a framework from which to make decisions prior to a summit meeting of government leaders in Brussels on December 9. However, two announcements this morning are what is responsible for today’s blowout in stock prices. China’s central bank announced it will require less reserve capital from lenders, reversing an 18-month policy designed to slow inflationary pressures. Additionally, the Federal Reserve and five other banks, Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank will reduce interest rates on dollar liquidity swap lines by 50 basis points and extend authorization (more)…
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