Boston, MA 03/21/2014 (wallstreetpr) – Dejour Energy Inc (USA) (NYSEMKT:DEJ) emerges out as a winner today after it reported its 2013 financial results a day earlier. During the year 2013, the company’s gross revenues jumped 35% year-over-year to $9.3 million. During the same period, the company had a positive cash flow of $521,000 from operations as against the cash insufficiency of $2.2 million from operations in the previous year. The company has been able to take down its comprehensive loss from $11.8 million in 2012 to $1.5 million, translating an 87% decline over the last year. In addition to this, it undertook 4-well drilling program at Kokopelli, Colorado in 2013, which boosted its proven undeveloped locations at Williams Fork by almost 51% to 139 locations.
InterCloud Systems Inc (NASDAQ:ICLD) nosedived by over nearly 33% in the early trade following the announcement by the Rosen Law Firm that it has opened an investigation in relation to securities fraud claims against the company. The claims pertain to the reports that the company has paid outsiders in order to publish false and misleading articles in order to accelerate its own stock prices. During the period of 2013, the company received appreciation and endorsement through several articles, which pumped up the share prices right from $2.55 to $18.13 in January 15, 2014. However, during the past two weeks, the stories unearthed that the company had paid for its promotion. One of the chief stories that took center stage came in from Roddy Boyd, a journalist, who confirmed that the stock promotion firm ‘The Dream Team’ hires authors and engages in misleading stock promotion methods, as a result taking the stocks down to $1.28 as on March 18, 2014.
Dataram Corporation (NASDAQ:DRAM) made an announcement on Thursday that it has signed a definitive agreement pertaining to the sale of its $659,250 shares from the common stock to institutional investors by way of a registered direct offering. As per the agreed terms under the arrangement, the company will sell 219,750 shares of the common stock at the rate of $3.00 per share. Through this sale, the company anticipates to receive nearly $583,000 in net proceeds, to be used to meet working capital needs and general corporate purposes. The offering is scheduled to close on or before March 21′ 2014. The company has entrusted Tripoint Global Equities, LLC to function as placement agent for the offering.
